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Author Topic: Do you trade altcoins during the bull run or just hodl?  (Read 2119 times)
Yatsan
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May 25, 2023, 11:57:53 PM
 #21

If you already have holdings before the bullrun, much better to just hold until prices decline. Trading might just yield to losses given that market prices are abnormally moving sideways during such trend. The market price won't continuously and consistently move upwards but with high volume. Meaning, after increase, sudden dump will follow before it again increases. Bullrun is often misunderstood; to many people they think that a price of $1 will be 200 in a single snap but in reality it won't. Engaging to trading would put your asset at risk because of high market price volatility and volume. Which I think why holding firm is a more profitable scheme. Indeed trading would generate bigger gains but as well as losses.

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May 26, 2023, 12:34:43 AM
 #22

Next year will be my first bull run and have just been thinking about what will be best to do when it finally arrives next year.
It's not certain yet, though many of us are anticipating that next year would be the next bullrun because of halving.

Do you plan on just holding till an amount you are happy with or is it a good idea to try and trade altcoins whilst they are pumping to earn even more?
It depends on your plan. You can trade if you think it is already worth it or still hold if you have price in mind on when to sell your alts. As for me I have set target price when to take profit so if i'm happy with the result then it's time to sell.

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May 26, 2023, 01:20:39 AM
 #23

Next year will be my first bull run and have just been thinking about what will be best to do when it finally arrives next year.

Do you plan on just holding till an amount you are happy with or is it a good idea to try and trade altcoins whilst they are pumping to earn even more?
Usually, I trade before a bull run market or maybe the market is recovering like it is right now. if I feel that the amount of crypto I hold is sufficient, then I will wait for the bull run to occur. it can give me a sizable advantage.
Besides that, in my opinion trading when the bull run occurs is quite risky. like people who trade bitcoin at ATH, it is quite dangerous, because when the price goes down, he needs to hold for a very long time to get their assets back. however, it seems to do a short is not a problem. it's just that, I prefer to hold when the bull run occurs and wait for a price that makes me happy to sell.

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May 26, 2023, 11:57:50 AM
 #24

Next year will be my first bull run and have just been thinking about what will be best to do when it finally arrives next year.

Do you plan on just holding till an amount you are happy with or is it a good idea to try and trade altcoins whilst they are pumping to earn even more?
If next year is your first bull run, you should prepare yourself with lots of potential coins you should buy from now on. That's all you can do and I suggest buying more bitcoins because the increase in bitcoin price can be higher than the last ATH. And if you have managed to have more bitcoins, you just need to hold them until the price can break the last ATH. And after that, you can determine when you sell the bitcoins.

I still buy and hold bitcoin as well as altcoins. But I don't trade bitcoins and altcoins as often because I see market conditions are not easy to analyze. So maybe it's better for me to buy and hold onto it for now. But if I can trade my bitcoins and altcoins, I will do it.

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May 26, 2023, 12:10:09 PM
 #25

Next year will be my first bull run and have just been thinking about what will be best to do when it finally arrives next year.
It's not certain yet, though many of us are anticipating that next year would be the next bullrun because of halving.

Please what's the uncertainty here, Halving occurs every four years amd we are expecting the next one after the 2020 halving to bebin 2024, there a major occasions occurs which is bullrun a new record is set for bitcoin price after it has passed the limit of $68,000 which was maximum all time high.

Do you plan on just holding till an amount you are happy with or is it a good idea to try and trade altcoins whilst they are pumping to earn even more?
It depends on your plan. You can trade if you think it is already worth it or still hold if you have price in mind on when to sell your alts. As for me I have set target price when to take profit so if i'm happy with the result then it's time to sell.

One can always make this on a two dimensional ways, you will invest and diversify, which means don't limited your investment on a single leverage, invest and trade, the difference is just in their duration of holding time.

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May 26, 2023, 12:27:34 PM
 #26

Every time the market goes up I also take off some of my trading stances to be comfortable with the profits and make money in the meantime. Some of my friends say that they don't have to worry too much until they are satisfied they will cashout, for me, sticking with this market for a long time so I don't worry too much about when to trade. of the market, as long as I feel that I am learning with it, even if there are profits or losses, it is a lesson. By the way, recalling the previous bull season, I spent quite a bit of my profit on leveraged trading, and indeed it made me have a broader view of my wealth management.

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May 26, 2023, 01:17:09 PM
 #27

I prefer to take profits, and switch to holding USDT or stable coins, only after the market has stabilized can we choose which coins we will buy, and also if we want to hold for the long term we can choose coins that have low risk.

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May 26, 2023, 01:40:50 PM
 #28

Trading altcoins while they are pumping can be very risky. If you do not have the necessary experience and knowledge, this can lead to failure and huge losses. Besides, altcoins are also not guaranteed by financial institutions and governments like Bitcoin, so there is also a higher risk of devaluation. With Bitcoin, it can be beneficial to hold money or invest in it if you have researched and understood the technology and its price trends. However, holding Bitcoin and waiting for the price to rise can be time-consuming, and you need to be patient.

If you decide to invest in Bitcoin, you should put in place a lock in profit or stop loss plan to control your risk. You should also update information and monitor market news on a regular basis to make more accurate investment decisions. In short, holding Bitcoin or investing in it is a personal decision. However, trading altcoins while they are pumping can be very risky and requires experience and knowledge to do so. If you invest in Bitcoin, you should have a strategic plan and update the market information regularly to make accurate investment decisions.

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May 26, 2023, 02:06:39 PM
 #29

Next year will be my first bull run and have just been thinking about what will be best to do when it finally arrives next year.

Do you plan on just holding till an amount you are happy with or is it a good idea to try and trade altcoins whilst they are pumping to earn even more?

I personally held on to the price I was targeting before because I didn't want to be greedy like before, because I wanted to be more expensive and it turned out that I was stuck until today

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Epaper
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May 26, 2023, 03:02:49 PM
 #30

For me, during a bull run it is very good to trade altcoins because you can make a profit. In a bull run situation it is easier to make a profit in trading because it helps us a little in understanding the market chart. Therefore, during a bull run it is better to sell and not hold it too long.

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May 26, 2023, 03:10:27 PM
 #31

Next year will be my first bull run and have just been thinking about what will be best to do when it finally arrives next year.

Do you plan on just holding till an amount you are happy with or is it a good idea to try and trade altcoins whilst they are pumping to earn even more?

I know most users here cannot hold their horses when bull runs of altcoins are happening right in front of their eyes and I'm also one of them. there's no way I resist when I see the price of altcoins that I'm holding getting the once-in-a-lifetime momentum I've ever witnessed.

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May 26, 2023, 03:15:54 PM
 #32

The best thing to do in the bull market is to hold and take profit along the way as the price pumps but this is difficult to do in practice because we want to chase every shining and every pump in the space. I don't advise you to just hold blindly, some people just hold thinking their tokens will continue to pump but those that pump and dump and left, so try to take profit along the way.

isaac_clarke22
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May 26, 2023, 03:23:07 PM
 #33

Next year will be my first bull run and have just been thinking about what will be best to do when it finally arrives next year.

Do you plan on just holding till an amount you are happy with or is it a good idea to try and trade altcoins whilst they are pumping to earn even more?
Well I ain't going to be happy unless I sell now right? I am planning to just hodl for now. You could try to trade altcoins like Cardano or any topper coins out there, but if you know that it's not working out in your end, that's fine and it's not on you. I had day traded before and that kind of "9-5"-ish trading is just mentally taxing and I don't think I could even last for 5 minutes (that's what she said Roll Eyes) doing the same thing over and over again.
Right now I am a full-time hodler of Bitcoin and happier than even before.

For me, during a bull run it is very good to trade altcoins because you can make a profit. In a bull run situation it is easier to make a profit in trading because it helps us a little in understanding the market chart. Therefore, during a bull run it is better to sell and not hold it too long.

Nah unless the coin is highly volatile. Maybe for day trading it could work, but I would not risk a lot of USD for that. If there's short-term gains and losses in bull-run, wouldn't it be the same for bearish times?
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May 26, 2023, 03:28:07 PM
 #34

Next year will be my first bull run and have just been thinking about what will be best to do when it finally arrives next year.

Do you plan on just holding till an amount you are happy with or is it a good idea to try and trade altcoins whilst they are pumping to earn even more?
I am only crypto holder at the current time. But I hope that the increasing of price of numerous Altcoins will be soon. In that ti,e I will sell some of my tokens.

carlisle1
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May 26, 2023, 03:31:04 PM
 #35

Next year will be my first bull run and have just been thinking about what will be best to do when it finally arrives next year.

Do you plan on just holding till an amount you are happy with or is it a good idea to try and trade altcoins whilst they are pumping to earn even more?

I know most users here cannot hold their horses when bull runs of altcoins are happening right in front of their eyes and I'm also one of them. there's no way I resist when I see the price of altcoins that I'm holding getting the once-in-a-lifetime momentum I've ever witnessed.

A common reaction when you are seeing your hold assets are pumping, either sell it out even it did not reach yet your target profits, some might
be thinking that it's better than never.

Though for some, it's better to wait since you already hold it for quite some time, better to wait and hold while the pump is still ongoing.

With the sense of trying to trade while the market is pumping, that's crucial you might be caught in the middle where correction takes place
you might be stuck or maybe love your opportunities to earn decently.
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May 26, 2023, 03:55:48 PM
 #36

Hold for unknown time which we didn’t know them about bull market. But durning time good for trade which is enough profits. I see everyday my old holding coin not rising so that’s why i cray now. Right now no any good time for me to sold old altcoins so absolutely hold is now enough.
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May 27, 2023, 02:41:09 AM
 #37

for me trading capital and investment are separated. so the capital to invest and buy coins when experiencing a decline will be different from the postage that is used for daily trading, that way we can control our psychology so that we can be stable and stay focused on our goals. on the other hand the capital for trading is smaller than for investment, considering I am just in the process of learning trading, so as much as possible whatever happens I don't hold on in the long term to trade even though I have to cut losses, because I start instilling in my mind that opportunities will always there, so trading is not just for one transaction

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May 27, 2023, 03:12:19 AM
 #38

Just DCA my fave crypto, buy in when i notice significant lows on portfolio, buy the minimum amount in case of further lows.
Then just be patient when i see gains, HODL hard, remind myself too think long term gains.
Bolivar_Tony
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May 27, 2023, 05:28:36 AM
 #39

Next year will be my first bull run and have just been thinking about what will be best to do when it finally arrives next year.
you sound so confident about bull run coming next, is there any indication for the judgement? Or you are just predicting the outcome?

Do you plan on just holding till an amount you are happy with or is it a good idea to try and trade altcoins whilst they are pumping to earn even more?
The last few bull runs i have witnessed, I normally set a sell price, when it gets to the price, I will simply take my profit and try to reinvest again.. when you try to hold anything can happen and everything will went down the drain again.

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Hypnosis00
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May 27, 2023, 07:19:22 AM
 #40

Next year will be my first bull run and have just been thinking about what will be best to do when it finally arrives next year.

Do you plan on just holding till an amount you are happy with or is it a good idea to try and trade altcoins whilst they are pumping to earn even more?

I know most users here cannot hold their horses when bull runs of altcoins are happening right in front of their eyes and I'm also one of them. there's no way I resist when I see the price of altcoins that I'm holding getting the once-in-a-lifetime momentum I've ever witnessed.
It really happens as we think that it was already an opportunity rather than just missing it. Like what we did last 2017 bull season where most of us are still holding thinking that it continue to pump but unfortunately, the drop comes out with a big surprise and many investors are in regret for not selling their coins while are on the rise. Now, we are considering that situation which is possible to happen and so selling while its pump is on our mind. Whether it was wrong or not, but for me, I'd rather choose to sell rather than regret it later.
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