FireDAOJackie_Z (OP)
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March 28, 2023, 02:43:49 AM |
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Over the past few weeks, all cryptocurrency prices have gone through a new round of ups and downs. As always, the altcoin prices have followed Bitcoin price's fluctuation closely and as of today, all prices have dropped: Bitcoin price now is $27,000, ETH $1,700 , BNB $310 and other new altcoin like ARB at $1.14. I know that volatility like this is quite normal and for most long term crypto holders, this means no big deal. However, for those short-term players, they would definitely have sold a lot of them when they reached a relative high and if the prices continue to drop, they will probably buy a lot and wait for the next ATH. Too realistic, huh ? Yes. I have come to understand that no matter how you seem to be loyal to one particular cryptocurrency, as long as there seems to be a huge profit, you will sell to gain profit instead of holding a pipe dream. I have no judgement here and try to tell the truth. Personally, if I had that chance to cash for profits, I would do the same. What about you ?
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Xal0lex
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March 28, 2023, 12:55:54 PM |
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The truth is that the more often you buy/sell, the less profit you make in the end. It has long been a well-known fact that speculators will never make as much profit as long-term holders can, so the more often you enter the market, the more risk you expose yourself to. The greater the risk, the more likely you are to make a mistake and lose money. In altcoins, making a mistake is easy, which is why many short-term strategies almost always end up in the negative yield zone.
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jacafbiz
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March 28, 2023, 01:39:14 PM |
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I think your investment decisions should be based on your thesis for investing in the project unless new information comes to light that changes everything. The problem with a lot of retailers is that they invested all their funds into crypto thinking it is a get-rich scheme but when the price goes south they panic and dump their tokens, if you have funds set aside to take care of your need for like a year or you have a job to take care of your immediate need, your decision making would be better instead of going in and out of the market everything. Bitcoin moved from $3k to $69k, this is what people see forgetting the price dumped several times during this move.
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ivankoh
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March 28, 2023, 01:43:47 PM |
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However, for those short-term players, they would definitely have sold a lot of them when they reached a relative high and if the prices continue to drop, they will probably buy a lot and wait for the next ATH. Too realistic, huh ?
It is due to the diverse nature of users in the market. Long Term Hodl and Cumulative Buy are experienced players and analyze conditions and believe in bitcoin and market cycles. Retailers often panic or take profits according to their plans. That is the reality of the market. Personally, I still believe in the long-term race ahead based on bitcoin's halving cycle and the looming macroeconomic downturn. Bitcoin may return to be the best path left for trust. If you trade commercially, sometimes you won't get big profits. If you think that bitcoin and crypto are the short-term path to profit and get rich quick - relying on traditional buying/selling, you are mistaken.
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Dragonfund
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March 28, 2023, 01:56:32 PM |
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Over the past few weeks, all cryptocurrency prices have gone through a new round of ups and downs. As always, the altcoin prices have followed Bitcoin price's fluctuation closely and as of today, all prices have dropped: Bitcoin price now is $27,000, ETH $1,700 , BNB $310 and other new altcoin like ARB at $1.14. I know that volatility like this is quite normal and for most long term crypto holders, this means no big deal. However, for those short-term players, they would definitely have sold a lot of them when they reached a relative high and if the prices continue to drop, they will probably buy a lot and wait for the next ATH. Too realistic, huh ? Yes. I have come to understand that no matter how you seem to be loyal to one particular cryptocurrency, as long as there seems to be a huge profit, you will sell to gain profit instead of holding a pipe dream. I have no judgement here and try to tell the truth. Personally, if I had that chance to cash for profits, I would do the same. What about you ?
Number 1 rule of crypto investment, don't fall in love with the project, you are there to make money because you put money to support them and the return of been loyal investors is profits but by the time you become too comfortable, you will end up losing everything you have invested in the project. There are plenty of opportunties in crypto, there is no way staying in one project and been loyal for many years will do you good, as long as they are altcoin, the dump will come and when it does, you will regret why you never sold them earlier when the price was high.
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yazher
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March 28, 2023, 02:50:30 PM |
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This only applies in most of the altcoins because when it comes to bitcoins you won't have this kind of problem whenever you have the patience to wait for its price to rise because that's always been the case before and it will be like that from time to time. But when it comes to altcoins, you have different stories because most of them may or may not recover after the price will crash and the only thing you can do when that happened, is to sell the remaining altcoins so that you can still get some of your money because most of those people who wait for the price to recover, ended up regretting their decisions.
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StormHawk
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March 28, 2023, 03:01:32 PM |
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Holding a pipe dream you say? You must suck so bad at choosing good projects that is why must have been that holding for the long term is a bad idea, you need to work on yourself and you will be able to identify the next 50x to 100x altcoins, those who complain are bad at doing research.
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jrrsparkles
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March 28, 2023, 03:05:44 PM |
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The theory looks simple as we say when it reaches high people sell and wait for the next dip but eventually no one can predict the lows and highs so as an investor it's not possible to be consistent with following the theory in practical world and that's the reality.
And holding a particular coin no matter what includes different reasons too, when we are talking about profits they may already have their goal price so when it reach they have to sell.
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| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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maydna
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March 28, 2023, 03:35:34 PM |
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If it's an altcoin, maybe I'll go for it and sell the altcoin when it can build up for a certain amount of time. But when the price doesn't increase too much, I'll just keep holding on while waiting for the price to increase. But if it's bitcoin, I won't sell it even if the price could increase a bit because my next target is a price that exceeds the last ATH price.
Each person must have a plan and will adapt to the conditions that occur in the market. So when the coin prices in the market haven't increased much, they must still hold the coins.
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Psynthax
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March 28, 2023, 03:46:00 PM |
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i'd say if you wanna make profit then be realistic, after all that's what the most important honestly. by being realistic you're already detach your self from the emotions that usually affects you in a bad way, that is making you good at your own decision.
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Yogee
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March 28, 2023, 03:48:07 PM |
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[.....] Yes. I have come to understand that no matter how you seem to be loyal to one particular cryptocurrency, as long as there seems to be a huge profit, you will sell to gain profit instead of holding a pipe dream. I have no judgement here and try to tell the truth. Personally, if I had that chance to cash for profits, I would do the same. What about you ?
And what is this pipe dream? Is it to abandon fiat and just use bitcoin or other cryptocurrencies for all transactions? I don't know if there's anyone who truly believe that...there's probably a handful of them. Most people who preach about mass adoption are just waiting for the value of their bags to increase so they can cash out a handsome profit. The market follows a cycle and the traders adopt to that.
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bittraffic
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March 28, 2023, 03:53:26 PM |
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Do sell when you profit. You can see it's the right thing to do when you already have been in crypto going bull season and bear season because you'll realize all of them are actually selling while if you hold you only lose the money that is supposed to be in your pocket.
The goal is to buy back your coins when the price is cheaper. This is not also easy to do actually but you gotta be doing it since everyone does it. If its an altcoin, don't fall in love with it because the bears will suck out all the money when the time comes.
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X-ray
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March 28, 2023, 04:17:35 PM |
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If i have got a chance to cash out with huge profit and why not? Crypto is always going up and down. It doesn't even matter how long you hold and it will never be stable. I have an assets that keeps running stable and some assets that were stuck in the same place. People who have received free bucks from arbitrum already sold what they have got. You can check it if there are more than 82% addresses already claimed their airdrop https://dune.com/thedatanerd/arb-airdropbeing realistic is a must. The smart people will always try to sell when they got good profits and buy later when the price will be going down again. It's a strategy in the crypto. It can't be judged as something irrelevant right now caused most people are looking for profit from the market, right?
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Strongkored
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March 28, 2023, 04:24:26 PM |
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Day trades will always do what you say sell when they make a profit, and the current market conditions are very pleasant for day trades because the price continues to increase and in some time falls, just because no one can predict the exact price movement, just traders who are smart enough to use their capital will be able to continue trading because even though they have bought and the price has fallen they still have funds left to buy again while waiting for the price to move up. Investment must be realistic otherwise you will only become a speculator and participate in pump and dump groups is the choice. However, long term holders will get bigger profits, especially if they are able to hold it for a very long period, so the length you hold a coin will determine what percentage of profit you will get.
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DeathAngel
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March 28, 2023, 04:34:17 PM |
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Taking good profit is always nice but it’s never a good idea to sell everything (100% of a coin/token). For example, if you were to sell all your bitcoin or ethereum (the two top coins) at some point with no plan to ever but back in, it’d be totally stupid.
Take some profit off the table if it improves your quality of life but always keep some skin in the game. There’s nothing worse than watching a coin/token you previously owned moon.
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Weawant
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March 28, 2023, 05:47:07 PM |
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I have come to understand that no matter how you seem to be loyal to one particular cryptocurrency, as long as there seems to be a huge profit, you will sell to gain profit instead of holding a pipe dream. I have no judgement here and try to tell the truth. Personally, if I had that chance to cash for profits, I would do the same. What about you ?
Many short term investors has regretted selling their coins very early. We have investors in Shiba Inu, Dogecoin, BNB, Ethereum, etc regretted for taking profits when this tokens first got a ATH. Just recently people regretted selling Sandbox, Polygon etc too early as if they had held on in, they'll be in huge profits that could have retired them for life and that's why many don't want to sell. When they see stories like this they become afraid and don't what to have the same stories as this people that regretted selling too early. You should be realistic with your investment but also patience.
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GEMIN_M4
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March 28, 2023, 06:23:07 PM |
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Been realistic can't get you there, in fact, having high expectations and holding for the long term is better than being realistic and taking profit too early, if you can diversify in different projects something good will happen that's for sure, few alts can strive to survive but few will survive and cover the loss of those alts that failed.
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ANSEL_2.0
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March 28, 2023, 07:04:34 PM |
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It's fine to take profits if a pump takes place because the correction will happen sooner or later but we all have our plans, some plan for the short term, and others plan for the long term, so even if there is a small pump it makes no difference for long term holders, they will rather prefer to hold than taking short term profit.
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el kaka22
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March 28, 2023, 08:38:01 PM |
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I think having an understanding that it should be based on marketcap and not the price is the number one thing that makes it realistic investment. There are a lot of people who focus on the price too much and price means absolutely nothing, it is not what makes something cheap or expensive. It's the marketcap, if the marketcap of something is high, then making it higher priced is hard as well.
Look at bitcoin, it has the highest marketcap and price can hardly move, it takes time, on the other hand something with a small marketcap could move easily, and the price could move easily as well, because one whale could make it go up or down very easily all by themselves since the marketcap is low.
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jossiel
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March 28, 2023, 08:43:07 PM |
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The loyalty only goes to bitcoin.
But it's true that there's no need for you to be diehard on any of them which is specific for most altcoins. You have to sell them for you to take profit and that's what you have to do.
That's the realistic part of investing on this market. You can't hold forever unless you're holding bitcoin and you're for long term. All of us got that long and short term plans on this market.
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