<Always Take Profit and Stay True To Your Hodlings ( life story)>

[Josefjix]

We're approaching the bull run, and there will be panic pumping in most of the top crypto currencies, while others may not be affected at all. Most people become greedy at this point and end up losing everything. I had a friend of mind who bought Litecoin during the last crash, he bought a decent amount at a good dip and has held it ever since, and I also advised him to hodl until the next bill run.

He called me yesterday and said he got greedy with the recent BTC spikes and swapped all of his Litecoin holdings to BTC at $91k, and now he's at a loss because he needs to sell BTC first before buying Litecoin at the current price. He lost portion of his profit from Litecoin. Holding BTC is good, however if your bag is small, you are wasting your time because you will not generate any significant profit even if you hodl it for 3 years. The profit he could have made with Litecoin during the bull run, he would never make from BTC

Keep true to your holdings, stop jumping ship that could sink you, BTC is not for the weak, if you bag isn't big, you need altcoins to make good profits. If you're still holding any of the top 20 altcoins, do not sell or swap to BTC.

[Frankolala]

Keep true to your holdings, stop jumping ship that could sink you, BTC is not for the weak, if you bag isn't big, you need altcoins to make good profits. If you're still holding any of the top 20 altcoins, do not sell or swap to BTC.

You and your friend are weak hands when it comes to holding bitcoin. Who told you that your friend is at loss, if he didn't panic to sell his bitcoin. Bitcoin price always recovers from whatever dip the price undergo. Your friend shouldn't sell hi s bitcoin because bitcoin price will reach 100k and I don't know about Litecoin. The fact is that investing in altcoins is gambling because they don't have the assurance of price increase in the long run, but check out bitcoin price history, it's always on the uptrend. You advice is not a good one and the cryptospace is not a get rich quick scheme. Bitcoin is king, fuck altcoin.

[7juju]

Swapping to Bitcoin is not a bad decision, but from the angle you and your friend are talking from, you guys are in for quick profit and want to cash out every little profit you see. But let's look at it from a different angle, Bitcoin is the most trusted coin out there today and someone buying Bitcoin it at $91k, might be getting it cheaply. Because from speculations and sentiment around Bitcoin, the price of bitcoin will be far higher than the price he bought it. Holding bitcoin should be targeted towards long term and not just for the immediate profit-taking. And the size of his holding will determine his profitability, so if he wants a higher profits, he should buy more stash.

[BIT-BENDER]

Has your friend actually lost? This should be the real question and I would like to know from which angle do you think your friend has lost? If I am not mistaking your friend sold his Litecoin to buy Bitcoin if that was the case then you friend hasn't lost because Bitcoin is very unpredictable.

I don't know what type of magic you and your friend were expecting to happen maybe he getting 10X that quick from Bitcoin? In my opinion in terms of the long run your friend hasn't lost. He just has to keep Hodling.

[Y3shot]

BTC is not for the weak, if you bag isn't big, you need altcoins to make good profits. If you're still holding any of the top 20 altcoins, do not sell or swap to BTC.

You just sound as if you are encouraging some people to invest in altcoins because there are no good profit in bitcoin. You don't need a big bag to invest in BTC. Bitcoin investment is for everyone , and even those who can't afford to invest with a huge amount can use the DCA method to accumulate bitcoin.  There are good profit in bitcoin investment only if one can be consistent in DCA method and can have patience for hodling. It is not advisable for people to consider altcoins as investment because it is risky and unpredictable. People might been luck to make good profit investing altcoins but this is not an investment that is reliable,  so it is not advisable to choose it over bitcoin.  One thing about a good investment it is reliable,  profitable and everyone can afford to invest in it and you find these in bitcoin.

[Juicyhome]

Keep true to your holdings, stop jumping ship that could sink you, BTC is not for the weak, if you bag isn't big, you need altcoins to make good profits. If you're still holding any of the top 20 altcoins, do not sell or swap to BTC.

You and your friend are weak hands when it comes to holding bitcoin. Who told you that your friend is at loss, if he didn't panic to sell his bitcoin. Bitcoin price always recovers from whatever dip the price undergo. Your friend shouldn't sell hi s bitcoin because bitcoin price will reach 100k and I don't know about Litecoin. The fact is that investing in altcoins is gambling because they don't have the assurance of price increase in the long run, but check out bitcoin price history, it's always on the uptrend. You advice is not a good one and the cryptospace is not a get rich quick scheme. Bitcoin is king, fuck altcoin.

mate listen closely to OP. He's saying Bitcoin is not a good investment. But investing in it at $91$ with his litecion profile and gain is a bad ideas.  Very bad you can only buy Bitcoin at it low.  This bull market run have gain more from pepe coin than btc. But we must be very calculative and smart to always take off ur profit and keep your capital. Always study the market if you can.then you will gain more.

[Ishicryptic]

Swapping to Bitcoin is not a bad decision, but from the angle you and your friend are talking from, you guys are in for quick profit and want to cash out every little profit you see. But let's look at it from a different angle, Bitcoin is the most trusted coin out there today and someone buying Bitcoin it at $91k, might be getting it cheaply. Because from speculations and sentiment around Bitcoin, the price of bitcoin will be far higher than the price he bought it. Holding bitcoin should be targeted towards long term and not just for the immediate profit-taking. And the size of his holding will determine his profitability, so if he wants a higher profits, he should buy more stash.

When investing in cryptocurrency you can never go wrong by buying Bitcoin, it is better to sale your altcoins to buy Bitcoin instead of the other way round, if Bitcoin dips, there is assurance that there will be price correction but the same thing can not be said about altcoins. I agree that OP and his friend are after quick profits, they can get it in altcoins but they need to understand that they will be gambling their funds, although top like Litecoin is good to hold but you can not compare it to Bitcoin. Bitcoin investment is not for quick profits, you have to hold till bull run circle before you can get good profit and that can take up to four years. I will advise anybody that wants to invest in crypto to first put their money in Bitcoin because it is the most trusted.

[Ruttoshi]

Keep true to your holdings, stop jumping ship that could sink you, BTC is not for the weak, if you bag isn't big, you need altcoins to make good profits. If you're still holding any of the top 20 altcoins, do not sell or swap to BTC.

You and your friend are weak hands when it comes to holding bitcoin. Who told you that your friend is at loss, if he didn't panic to sell his bitcoin. Bitcoin price always recovers from whatever dip the price undergo. Your friend shouldn't sell hi s bitcoin because bitcoin price will reach 100k and I don't know about Litecoin. The fact is that investing in altcoins is gambling because they don't have the assurance of price increase in the long run, but check out bitcoin price history, it's always on the uptrend. You advice is not a good one and the cryptospace is not a get rich quick scheme. Bitcoin is king, fuck altcoin.

mate listen closely to OP. He's saying Bitcoin is not a good investment. But investing in it at $91$ with his litecion profile and gain is a bad ideas.  Very bad you can only buy Bitcoin at it low.  This bull market run have gain more from pepe coin than btc. But we must be very calculative and smart to always take off ur profit and keep your capital. Always study the market if you can.then you will gain more.

You sound more like a trader and that  will make you run at loss soon. Don't you know that without bitcoin price pump and creating a new ATH, PEPE will not have the chance to make such high percentage rise. Bitcoin have made a new ATH and PEPE hasn't, we are also hoping to see Bitcoin price rise to 120k and above but nobody knows if PEPE price will continue to be on the uptrend like bitcoin, because it might not be able to maintain it.

Don't be deceived, if you buy bitcoin now, when the price gets to 100k, you will still be in profit what matters is the size of your bitcoin because that's where your profit lies.

[Obim34]

Keep true to your holdings, stop jumping ship that could sink you, BTC is not for the weak, if you bag isn't big, you need altcoins to make good profits. If you're still holding any of the top 20 altcoins, do not sell or swap to BTC.

This has been discussed severally, Bitcoin is being adopted by two different set of people, those who trade for quick profits and those who choose to hold for the long term. The difference between these two sets of people is that the first set are auctioning for the best spot to sell as soon as the price of Bitcoin begins to pump, their intentions towards the market are of short term might even be days, weeks or just in a little frame in time. Second are those who understands the benefit of using the long term frame which crosses across different cycles, this set of investors has their investment running for years without being bothered about selling from their portfolio. Both are choices, but i prefer to keep holding and that already is my intention, having no push to take profits yet.

[Agbamoni]

We're approaching the bull run, and there will be panic pumping in most of the top crypto currencies, while others may not be affected at all. Most people become greedy at this point and end up losing everything. I had a friend of mind who bought Litecoin during the last crash, he bought a decent amount at a good dip and has held it ever since, and I also advised him to hodl until the next bill run.

So sad, only for him to lose something he has been holding for a very long time. What happened to your friend should be a lesson to others. With one silly/minor mistake, we can lose everything we have worked hard for. He would have waited a little because Litecoin would increase as well soon. But he lacks patience. Bitcoin has volatility has caught up with him, its either he waits till the price recovers and that may not be soon but probably before the end of December.

He called me yesterday and said he got greedy with the recent BTC spikes and swapped all of his Litecoin holdings to BTC at $91k, and now he's at a loss because he needs to sell BTC first before buying Litecoin at the current price. He lost portion of his profit from Litecoin. Holding BTC is good, however if your bag is small, you are wasting your time because you will not generate any significant profit even if you hodl it for 3 years. The profit he could have made with Litecoin during the bull run, he would never make from BTC

Keep true to your holdings, stop jumping ship that could sink you, BTC is not for the weak, if you bag isn't big, you need altcoins to make good profits. If you're still holding any of the top 20 altcoins, do not sell or swap to BTC.

That was a quick switch of assets. Why didn't he buy Bitcoin since if he was really interested in holding Bitcoin for profit? Investors like this will always be disappointed. You have to advise your friend to choose the asset he would want in his portfolio and not jump from one asset to another because of a little price increase. His capital should be divided into several percentages of which the one he wants to own the most should have the highest percentage allocated in it. Imagine having 4 assets in mind. Rank from the most priorities to the least. A, B, C, and D. 50% to A, 30% to B, 15% to C, and 5% to D. Bitcoin can be A, and then Litecoin can be B with any other two assets he has in mind. When there is an increase in any of them it increases the size of the portfolio in general. Instead of selling one to buy another.

[CryptoHeadlineNews]

Keep true to your holdings, stop jumping ship that could sink you, BTC is not for the weak, if you bag isn't big, you need altcoins to make good profits. If you're still holding any of the top 20 altcoins, do not sell or swap to BTC.

Yes it's true that it's good to invest in Bitcoin, but when it comes to which is more volatile to make profit within a short while, altcoins are better off as compared to Bitcoin, of which investing all his Litecoin into Bitcoin at $91k is literally not a bad idea, as it depends on how long is he willing to hold his Bitcoin investment, because if his plan is short term, then he is likely not to make much profit, but if he plans to hold his Bitcoin investment for the next 5 to 10yrs, he is rest assured to see massive profit when the price of Bitcoin hits $150,000 per BTC or probably $200,000 per BTC. So in conclusion, I will say it's too early for an investor to start complaining of not seeing profit. Bitcoin is not a get rich quick scheme. I will advise you tell your friend to wait next 5yrs.

[Odogwu-Blockchain]

This thing me I dey call an jump jump trading, where you go sell your altcoin just for BTC because e dey rise and your alt never start to rise, this just remind me when I was starting crypto trading, I made similar mistakes plenty times until I con sabi dey stable for one particular altcoin no matter what, e no good to dey do jump jump trading because e dey frustrate traders very well.

Just concentrate on the altcoin wey you get even if e never rise, him own turn to come to start to increase, na so this bull season dey be, no dey jump jump your assets into another one cos of fear say your own dey dull.

And another thing be say, when you don get small profit on your assets, you collect am, e dey very vital to do that.

[Agbe]

From the story I don't think your friend is a real investor of crypto. In time like this, you don't invest but to reap what you have invested. And if you like to invest at this time, then you don't have to reap within a month but plan for a long term investment for 4 years plus. Because definitely the price of bitcoin must come down you if you are investing for long term, you need to calm down and invest more for the next bull run and not this one again. And i. Your first phrase in the first sentence, we are already in the bull market or run so if anyone wants to invest I will advise the person to wait small make the price come down first. Mostly if the person na newbie to crypto. E no good to invest now. And as for di altcoin, I don't know weti I want talk because I don't advise people to invest in altcoin because there is no profit for now.

[Josefjix]

Has your friend actually lost? This should be the real question and I would like to know from which angel do you think your friend has lost? If I am not mistaking your friend sold his Litecoin to buy Bitcoin if that was the case then you friend hasn't lost because Bitcoin is very unpredictable.

I don't know what type of magic you and your friend were expecting to happen maybe he getting 10X that quick from Bitcoin? In my opinion in terms of the long run your friend hasn't lost. He just has to keep Hodling.

He bought 50 LTC at Avery good dip was already in almost $600 in profit before switching, that's about $4k,.if he had held it till the bull run he was always going to be in more profit than holding 0.05 BTC till the next bull run. The aim of investing is getting profit not watching your investment crawl over a long period of time.

Bitcoin offers more security for a long term hodl but for someone looking for profit holding 50 LTC is better.

[Barikui1]

Has your friend actually lost? This should be the real question and I would like to know from which angel do you think your friend has lost? If I am not mistaking your friend sold his Litecoin to buy Bitcoin if that was the case then you friend hasn't lost because Bitcoin is very unpredictable.

I don't know what type of magic you and your friend were expecting to happen maybe he getting 10X that quick from Bitcoin? In my opinion in terms of the long run your friend hasn't lost. He just has to keep Hodling.

Bitcoin offers more security for a long term hodl but for someone looking for profit holding 50 LTC is better.

Well, to be honest here, na ur own sentiment be that, but on my own part as an investor, before I invest my hard earned money in anything, the first question I  go ask is how secured is my money or my investment.

You know say  na because of  greed people wey dy updated dy enter tight Conner in this crypto space, you go see someone wey get all the required knowledge on Bitcoin and in the space go still go ahead go invest in shit coin wey the chances of it coming good is 10% to 90%, so greed na one dangerous tin wey all investors need to avoid if them wan really succeed in the space.
 
So in essence of all the things I dy try talk be say, security of ur funds is the most important thing to consider first before investing, so I go think security of my money first before thinking of anything else, and na because of that reason, I prefer investing most of my funds in Bitcoin, so as to be on the safer side.

[Josefjix]

Well, to be honest here, na ur own sentiment be that, but on my own part as an investor, before I invest my hard earned money in anything, the first question I  go ask is how secured is my money or my investment.

You know say  na because of  greed people wey dy updated dy enter tight Conner in this crypto space, you go see someone wey get all the required knowledge on Bitcoin and in the space go still go ahead go invest in shit coin wey the chances of it coming good is 10% to 90%, so greed na one dangerous tin wey all investors need to avoid if them wan really succeed in the space.
 
So in essence of all the things I dy try talk be say, security of ur funds is the most important thing to consider first before investing, so I go think security of my money first before thinking of anything else, and na because of that reason, I prefer investing most of my funds in Bitcoin, so as to be on the safer side.

A smart investor is a risk taker; without risk, there are no benefits. The majority of investors who have earned good money from cryptocurrency have taken risks at some point; not all of them have succeeded with Bitcoin.

 I was simply stating that it is okay to invest in altcoins for short-term gains. Hodling Bitcoin is beneficial, but it also relies on the fraction of Bitcoin you're holding.

[I_Anime]

We're approaching the bull run, and there will be panic pumping in most of the top crypto currencies, while others may not be affected at all. Most people become greedy at this point and end up losing everything. I had a friend of mind who bought Litecoin during the last crash, he bought a decent amount at a good dip and has held it ever since, and I also advised him to hodl until the next bill run.

He called me yesterday and said he got greedy with the recent BTC spikes and swapped all of his Litecoin holdings to BTC at $91k, and now he's at a loss because he needs to sell BTC first before buying Litecoin at the current price. He lost portion of his profit from Litecoin. Holding BTC is good, however if your bag is small, you are wasting your time because you will not generate any significant profit even if you hodl it for 3 years. The profit he could have made with Litecoin during the bull run, he would never make from BTC

Keep true to your holdings, stop jumping ship that could sink you, BTC is not for the weak, if you bag isn't big, you need altcoins to make good profits. If you're still holding any of the top 20 altcoins, do not sell or swap to BTC.

Lol or the weak need to invest in Bitcoin to be in a safer side though Bitcoin as surge to a good amount doesn't mean it's doesn't have much space for growth, Bitcoin still have alot of break through to go , I understand your point that Bitcoin may seems expensive but still there are strategy at there to use to take care of such like DCAing.

Because is not all altcoin that's safe ohh , though altcoin can give some folks good amount of things went the folks way but to you btw bitcoin and altcoin which one are you sure you can hold with ease without any fear ,(is Bitcoin) and the other thing is that your friend is just on for short-term profits that's why he endup with losses in Bitcoin, because if he had waited he wouldn't have sold in loss .

[Josefjix]

Because is not all altcoin that's safe ohh , though altcoin can give some folks good amount of things went the folks way but to you btw bitcoin and altcoin which one are you sure you can hold with ease without any fear ,(is Bitcoin) and the other thing is that your friend is just on for short-term profits that's why he endup with losses in Bitcoin, because if he had waited he wouldn't have sold in loss .

There is a specific amount of money that can be invested in altcoins and make substantial gains, whereas investing the same amount in Bitcoin is a no-brainer. At the present Bitcoin price, it would be silly for anyone to invest N50k since it would be a drop in the ocean, but with 50k, you can get a decent altcoin at a good price that will generate good profits, as I already stated.

[I_Anime]

Because is not all altcoin that's safe ohh , though altcoin can give some folks good amount of things went the folks way but to you btw bitcoin and altcoin which one are you sure you can hold with ease without any fear ,(is Bitcoin) and the other thing is that your friend is just on for short-term profits that's why he endup with losses in Bitcoin, because if he had waited he wouldn't have sold in loss .

There is a specific amount of money that can be invested in altcoins and make substantial gains, whereas investing the same amount in Bitcoin is a no-brainer. At the present Bitcoin price, it would be silly for anyone to invest N50k since it would be a drop in the ocean, but with 50k, you can get a decent altcoin at a good price that will generate good profits, as I already stated.

You're right, but everything not about the amount of profits you can make alone , there's something that will call peace of mind. Investing in bitcoin usually give this peace of mind compare to other projects, there's some projects you will invest on and your mind won't be settled, because the project might endup going rugged. Or dip without it having any potential or strength to bounce back


But bitcoin in the other hand , most time do recover from its dip . Despite the dip its experience it usually bounces back stronger , so knowing that one can easily invest in bitcoin without havinguch fear compare to investing on random projects.

[CryptopreneurBrainboss]

Keep true to your holdings, stop jumping ship that could sink you, BTC is not for the weak, if you bag isn't big, you need altcoins to make good profits. If you're still holding any of the top 20 altcoins, do not sell or swap to BTC.

Not as plain as you write buddy, so lets talk about gambling with altcoins now, you have to jump ships sometimes and not every time that you hodl with hopes that your coins will recovery and give you profits. Altcoins no be Bitcoin oh wey you go stay true to your bag.

E get altcoins wey you need to sell asap and move to others because the other one done lose all him hype. E go belike person wey still the hold materverse projects or all this nft and lands wey people buy for 2020/21. You need to let go of those bags and get new one for this bull market if na altcoins gambling wey you dey plan for the bull market.

You fit still sell everything to Bitcoin and know that you're in a bag that you can hold for as long as you want and you no go reason say e fit disappear.