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Author Topic: Bitcoin or Altcoin hold, sell or trade??  (Read 1028 times)
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February 15, 2023, 08:55:58 PM
 #61

If you have to choose between bitcoin and alt coin for long term trading then I would like to suggest you to select bitcoin, bitcoin is best and secure coin not only for long time hold but also for short time trading. Even then if you want to do trading in alt-coin then I would like to suggest you select the top coin from alt-coin for only short time trading it is very risky to do long term trading in alt-coin.
Even then at the end of the day alt coin is never a safe investment, its example is not only your post but many such incidents have already happened.



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February 15, 2023, 11:43:03 PM
 #62

If you have to choose between bitcoin and alt coin for long term trading then I would like to suggest you to select bitcoin, bitcoin is best and secure coin not only for long time hold but also for short time trading. Even then if you want to do trading in alt-coin then I would like to suggest you select the top coin from alt-coin for only short time trading it is very risky to do long term trading in alt-coin.
Even then at the end of the day alt coin is never a safe investment, its example is not only your post but many such incidents have already happened.
Bitcoin and other top altcoins like ETH or something that sits around on top 10 in ranking in CMC which you could somewhat guild up that kind of confidence that you are putting your money into something which does
have strong and huge community which you could really tell and say that it would really be good for more longer years to come but of course it would be always accompanied with certain risk.
Not all does really have the patience to hold for long and this is why they do decide on dealing up with short term trades.So this is an another story to make since
we do have different goals and targets when it comes into our crypto investment.

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February 16, 2023, 08:00:25 AM
 #63

My opinion, Bitcoin all time saving mode is the best way. Some time when bitcoin price up then sell and when price down then buy is the best decision.  This method all time not working for trade. Many time i noticed when i sell bitcoin or altcoin sell since then price grow up and up. And when I buy bitcoin or altcoin then price low day by day. specialy, altcoin hold, sell and trade big loss.
This is a common "feature" of the market, dont think of it as a problem. Say you have a certain number of bitcoins to sell, when the price crosses your selling point, sell a fraction of that if you anticipate more highs. Then once it slows near another high, sell some more.

Similarly when the price is going down and you have fiat at hand, spend a fraction and wait for the next low. At point point you will run of fiat to spend when you need to stop and wait.

Quote
4 years ago few coins i hold for future. now this coin price few value or most of coin value is zero. Few coin trade, there too big loss. past year in the case of 1 coin invest $1000, this coin price today zero.
What you bought four years back must have been some altcoin, which I always tell newbies to avoid. Cant help it now, you have to either keep holding it in hopes that it might come back up or cough up more money to invest anew, and this time keep it limited to bitcoin.

R


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February 16, 2023, 12:19:49 PM
 #64

If you have to choose between bitcoin and alt coin for long term trading then I would like to suggest you to select bitcoin, bitcoin is best and secure coin not only for long time hold but also for short time trading. Even then if you want to do trading in alt-coin then I would like to suggest you select the top coin from alt-coin for only short time trading it is very risky to do long term trading in alt-coin.
Even then at the end of the day alt coin is never a safe investment, its example is not only your post but many such incidents have already happened.
Bitcoin and other top altcoins like ETH or something that sits around on top 10 in ranking in CMC which you could somewhat guild up that kind of confidence that you are putting your money into something which does
have strong and huge community which you could really tell and say that it would really be good for more longer years to come but of course it would be always accompanied with certain risk.
Not all does really have the patience to hold for long and this is why they do decide on dealing up with short term trades.So this is an another story to make since
we do have different goals and targets when it comes into our crypto investment.
Investing in cryptocurrency like Bitcoint and ETH can be a roller coaster ride, ya'll! The communitie behind the coin is importent, sure, but let's not forget that all investment come with a level of risks. As a trador, it's cruical to identify your own investment goals and risk tolarence and devlop a strategy that aligns with them. Do you prefer short-term trades, or are you in it for the long hole? It's all about findin' your groove, baby. Personally, I'm all 'bout diversifyin' my portfolo with a mix of differnt cryptocurrencies. That way, if one coin takes a hit, it won't completly wreck my gains. But let's keep it real, folks - the crypto world moves fast, so we gotta stay on our toes. Just look at what happened when China baned mining and tradin' activites - Bitcoin prices took a dive. When somethin' like that goes down, it's essentail to stay cool and collected, reasess your investment plan, and make informed decisons based on your goals and risk tolarence. Don't let the market shake you, stay woak and stay invested!
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February 16, 2023, 03:53:01 PM
 #65

I would say hold and bitcoin. I know that it was sell or trade, but I would not sell and rather not trade, and I would rather pick bitcoin over all others. Why do you think that bitcoin is at the top right now and bigger than all the other coins, at times even bigger than all the other coins combined? That is because it is the best one and why would I prefer something that is worse than something else?

I would rather pick something that is better than all the other options and bitcoin is better than all the other options. In this case holding makes me profit because why not hold the thing that is the best out there for as long as possible, that sounds like a good investment.

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February 16, 2023, 04:52:17 PM
 #66

for Bitcoin I prefer to just buy and hold it. because Bitcoin is suitable for long-term investment. But it's different with Altcoins. although there are some altcoins that do have good potential if held for the long term. but I prefer to trade altcoins with short-term trading (scalping). or I buy when the hype is about to happen and release it when the hype is almost over. but if we want to become a fairly reliable crypto trader. then of course we have to learn more about all kinds of analysis and also have to master psychology in trading. common sense should always take the lead in trading activity. don't let our emotions lead our bodies when we are trading. because emotions sometimes contradict common sense. Excessive fear and greed are the factors that make traders experience the most losses.

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February 16, 2023, 05:00:47 PM
 #67

If you have to choose between bitcoin and alt coin for long term trading then I would like to suggest you to select bitcoin, bitcoin is best and secure coin not only for long time hold but also for short time trading. Even then if you want to do trading in alt-coin then I would like to suggest you select the top coin from alt-coin for only short time trading it is very risky to do long term trading in alt-coin.
Even then at the end of the day alt coin is never a safe investment, its example is not only your post but many such incidents have already happened.

Remember mate, where there is risk, there the profits are also high. But along with high profits, the risk also increases. So decide according to your need and capabilities. If you have sufficient money and don’t care if you lose some, then altcoins investment are best to make quick money. But if you care about your hard earned money and want a safe and stable investment with little percentage of returns, then Bitcoins are the best. Now your money, your choice. Decide which one’s the best. And at last don’t be greedy.

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February 16, 2023, 05:07:47 PM
 #68

My opinion, Bitcoin all time saving mode is the best way. Some time when bitcoin price up then sell and when price down then buy is the best decision.  This method all time not working for trade. Many time i noticed when i sell bitcoin or altcoin sell since then price grow up and up. And when I buy bitcoin or altcoin then price low day by day. specialy, altcoin hold, sell and trade big loss. 4 years ago few coins i hold for future. now this coin price few value or most of coin value is zero. Few coin trade, there too big loss. past year in the case of 1 coin invest $1000, this coin price today zero.

Now

*Hold
*Sell
*Trade
Looking forward to the opinion of the experienced.

If you really knew about the market, you would understand why the market goes down. A trader needs to have knowledge about the market to trade crypto, so that such common questions do not cross your mind.

Because those who do crypto trading are well aware of how volatile this market is, and know the future potential of Bitcoin and short-term changes in Bitcoin do not affect them. So make a strategy and try to trade in the market which will clear your confusion.

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February 16, 2023, 09:04:19 PM
 #69

My opinion, Bitcoin all time saving mode is the best way. Some time when bitcoin price up then sell and when price down then buy is the best decision.  This method all time not working for trade. Many time i noticed when i sell bitcoin or altcoin sell since then price grow up and up. And when I buy bitcoin or altcoin then price low day by day. specialy, altcoin hold, sell and trade big loss.
This is a common "feature" of the market, dont think of it as a problem. Say you have a certain number of bitcoins to sell, when the price crosses your selling point, sell a fraction of that if you anticipate more highs. Then once it slows near another high, sell some more.

Similarly when the price is going down and you have fiat at hand, spend a fraction and wait for the next low. At point point you will run of fiat to spend when you need to stop and wait.
I think that is trailing stop or something, I forgot what it was called. I agree that it would be smart to get out portions when it goes up, that way you could definitely get out with some of your money in tact, but also stay in with some of it still going up. You should be both careful but also willing to take some risks to do this, and not many people realize that.

I know it sounds like something that people are not really that much capable of, just by looking at the market and the complaints and outcries of people whenever it drops a bit. There are too many people who stupidly still buy when it goes up, and cries when it goes down from that top.

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February 18, 2023, 08:18:20 AM
 #70



Hold sell and trade is the best way to earn in crypto just choose the best coin to hold and wait till market condition become more better and sell while you are holding you can also do trading and earn everyday or every week it depends on you, there are a lot of ways to earn in crypto just do the right strategy and have patience to avoid loss.
Trading with altcoins is certainly one of the right ways to get passive profits by taking advantage of the ups and downs of market price movements, especially for people who already have enough experience and knowledge about a very volatile market.
But in my opinion it is not recommended if you plan to hold altcoins for the long term because so far if we pay attention to the average altcoin not being able to maintain its price in a bear market even some of them are usually worthless during bearish periods, only bitcoin is the only coin which is good for us to hold onto in the long run.

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February 18, 2023, 08:28:16 AM
 #71

My opinion, Bitcoin all time saving mode is the best way. Some time when bitcoin price up then sell and when price down then buy is the best decision.  This method all time not working for trade. Many time i noticed when i sell bitcoin or altcoin sell since then price grow up and up. And when I buy bitcoin or altcoin then price low day by day. specialy, altcoin hold, sell and trade big loss. 4 years ago few coins i hold for future. now this coin price few value or most of coin value is zero. Few coin trade, there too big loss. past year in the case of 1 coin invest $1000, this coin price today zero.
It is very difficult to be successful in every singsingle day trading and understanding the current market conditions, so always focus on those coins which have a good future and invest in those coins and hold them for a long time.  In that case Bitcoin, Ethereum are the most potential coins. The value of Bitcoin and Ethereum is unlikely to go to zero and may see major corrections at times but they will not completely depress you. but here long time holding has the potential to give a big profit



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February 18, 2023, 10:02:04 AM
Merited by BITCOIN4X (1)
 #72


 What stage are we in the market?
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February 18, 2023, 11:25:33 AM
 #73

Code:
[url]https://i.imgur.com/nf6dwxo.jpg[/url]
What stage are we in the market?
I've gone through all the stage in the image, and I'm still holding bitcoin until now. I no longer care what the market is like, I just believe buying gradually and holding is the best choice in the long term. We have been through the depression stages for 2022, and now the market is starting to appear to be recovering to encourage more confidence.

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February 18, 2023, 04:40:34 PM
 #74

which coins you hold? I think that choosing best coins is also necessary for the fruitful results because if you put money into the coin which have no future and has never gave benefits to the users in past then it's become very hard to achieve financial benefits.

As you pointed about bitcoin so every person has its own thoughts and every person thinks differently so I prefer bitcoin and it always allow outstanding solution to its holders.

Yes exactly price fluctuates but it does not refer to the fact that it will persists long and long but may be in few months it again recovers for the enhancement of your position.

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February 19, 2023, 07:04:17 AM
 #75

My opinion, Bitcoin all time saving mode is the best way. Some time when bitcoin price up then sell and when price down then buy is the best decision.  This method all time not working for trade. Many time i noticed when i sell bitcoin or altcoin sell since then price grow up and up. And when I buy bitcoin or altcoin then price low day by day. specialy, altcoin hold, sell and trade big loss. 4 years ago few coins i hold for future. now this coin price few value or most of coin value is zero. Few coin trade, there too big loss. past year in the case of 1 coin invest $1000, this coin price today zero.

You're not alone, it happens to everyone, here's something I tried and it worked out for me. I don't buybaok my coins at once and neither do I sell all my allocation am the same time too. I sell them gradually or I buy gradually. When I do this, it doesn't matter how the market wants to play her game, I'll still benefit. If the prices dump after buying that's fine I have spare funds to buy more.

Same thing if he price rises after I sell, I have some coins left that I can sell in the future. The market always plays this trick on everyone but you have to make out a way so the market doesn't make a fool of you always, you can just hold and avoid all this and when you're in profit you leave the market totally.

R


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February 19, 2023, 08:17:45 AM
 #76

If you have to choose between bitcoin and alt coin for long term trading then I would like to suggest you to select bitcoin, bitcoin is best and secure coin not only for long time hold but also for short time trading. Even then if you want to do trading in alt-coin then I would like to suggest you select the top coin from alt-coin for only short time trading it is very risky to do long term trading in alt-coin.
Even then at the end of the day alt coin is never a safe investment, its example is not only your post but many such incidents have already happened.
Long term trading? That would be scalping. Bitcoin and top altcoins are better. Many altcoins can just be shit coins is the problem and they may not follow the market direction. To use bitcoin or the high market cap alt depends on the leverage that you want to use. I can use up to 3x for bitcoin, but I prefer to use 1.5 to 2x for altcoins. Some people may use high leverage for altcoins, altcoins are more volatile and that makes liquidation more possible with altcoins.

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February 19, 2023, 09:53:34 AM
 #77

If you have to choose between bitcoin and alt coin for long term trading then I would like to suggest you to select bitcoin, bitcoin is best and secure coin not only for long time hold but also for short time trading. Even then if you want to do trading in alt-coin then I would like to suggest you select the top coin from alt-coin for only short time trading it is very risky to do long term trading in alt-coin.
Even then at the end of the day alt coin is never a safe investment, its example is not only your post but many such incidents have already happened.
Bitcoin and other top altcoins like ETH or something that sits around on top 10 in ranking in CMC which you could somewhat guild up that kind of confidence that you are putting your money into something which does
have strong and huge community which you could really tell and say that it would really be good for more longer years to come but of course it would be always accompanied with certain risk.
Not all does really have the patience to hold for long and this is why they do decide on dealing up with short term trades.So this is an another story to make since
we do have different goals and targets when it comes into our crypto investment.

I will only agree with you that only Bitcoin and Ethereum are suitable for long term investment, I do not trust the top 10 altcoins. Don't forget, the top coins like LTC, NEO, and EOS...they can never go back to their old ATH, or some have also been replaced by more potential altcoins. Once called an altcoin, even if it is a topcoin, it is still replaced over time, do not invest long term with the top 10. Besides ETH, I don't believe in any 2nd altcoins, BNB is only suitable for short-term investment.

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February 19, 2023, 10:21:56 AM
 #78

If you have to choose between bitcoin and alt coin for long term trading then I would like to suggest you to select bitcoin, bitcoin is best and secure coin not only for long time hold but also for short time trading. Even then if you want to do trading in alt-coin then I would like to suggest you select the top coin from alt-coin for only short time trading it is very risky to do long term trading in alt-coin.
Even then at the end of the day alt coin is never a safe investment, its example is not only your post but many such incidents have already happened.
In as much as long term investment is concerned it is for bitcoin. Altcoins are not trust worthy and as such can vanish at any time, so it is not wise to invest in altcoin for a long term. I have also seen people that do DCA in altcoins, I think that is even riskier because all you DCA can just vanish. DCA is for bitcoin.
Anyone who wants to invest in altcoin, should understand that it is just like gambling, you may make it or lose all within a twinkle of an eye

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February 19, 2023, 11:00:41 AM
 #79

In as much as long term investment is concerned it is for bitcoin. Altcoins are not trust worthy and as such can vanish at any time, so it is not wise to invest in altcoin for a long term. I have also seen people that do DCA in altcoins, I think that is even riskier because all you DCA can just vanish. DCA is for bitcoin.
Anyone who wants to invest in altcoin, should understand that it is just like gambling, you may make it or lose all within a twinkle of an eye
You are right. that is why people who have known crypto for a long time in the end they will only choose bitcoin for long term investment. while altcoins are only used as a means of speculation for the short term. maybe those who are new to crypto will be more tempted by altcoins. because even though they know about the big risks in altcoins, they haven't experienced them first hand. but when they have experienced big losses from altcoins then they will realize and switch to bitcoin. it has become a common cycle.

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February 19, 2023, 12:08:02 PM
 #80

Many people here said to hold bitcoin, I also think that bitcoin should be held because, holding bitcoin is less profitable than other altcoin coins, but much less risky than other coins. Unlike other altcoins that rise in price very quickly and then fall back quickly, many coins dominate the market for a limited period of time but quickly become worthless again. All in all Bitcoin is much safer than altcoin coins or tokens, my advice would be to work with Bitcoin.
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