effects of coin holding? positive or negative?

[vince232]

hi i just bought a new coin and i observed that a lot are not selling their coins right now even though it already gained so much.

and seems they want to hold it for a long time cause it has so much potential

is it a good thing or not?

[abcdave]

What coin is it and who says it has potential? Bagholders? Most bagholders of crapcoins lose out because their coins quickly lose value, but I think for a decent coin it needs both people holding and selling and transacting with it for it to be successful.

[sdmathis]

hi i just bought a new coin and i observed that a lot are not selling their coins right now even though it already gained so much.

and seems they want to hold it for a long time cause it has so much potential

is it a good thing or not?

Almost every coin out there has an initial rise in price (sometimes a dramatic one) and then a steady fall. You need to ask yourself why your coin is different than hundreds of other coins (including bitcoin), different enough to buck the established trend. If you really believe that your coin is different, you can hang around and see what happens, but it never hurts to take a little off the table and lock in some profits. That's the way smart traders work. Remember, bulls make money and bears make money, but pigs get slaughtered.

[unusualfacts30]

You can hold coins for long term if they have good team behind it and anything that is 6+ months old and still trading on big exchange. Doge, DRK, LTC, BTC, BC, VTC are some good ones.

If it's new coin I try not to hold it for longer than a month.

[vince232]

well i bought some vior coin at 13k and 10k but majority in 13k. but i really like the coin has a lot of potential and dev is really working hard

i also bough sbit cause i like the concept of the 5% fee to avoid scam and troll transactions and if both user agree the transaction went smooth the 5% fee will be gone.

vior i think has been trading for 2-3 months sbit is new but i like the concept i bought sbit at 17k

but both coins are now down

[Chase]

You can hold coins for long term if they have good team behind it and anything that is 6+ months old and still trading on big exchange. Doge, DRK, LTC, BTC, BC, VTC are some good ones.

If it's new coin I try not to hold it for longer than a month.

I agree!  80% of new coins launched are gone in the first 30 days, so every new coin is a huge gamble.  If you have made money off of this newly launched coin, you could sell whatever amount is needed to break even or to give yourself some profit and then leave the rest in it.  Or, you could sell it all, and buy back in (if it is one of the 20% that may make it past 30 days) when the price comes down after the initial rise and / or it has at least 6 months of good history.

DNotes was launched in February and is positioning itself as a long term investment.  It has had a steady appreciation in value since then and is worth checking out if you are looking long term.  I've never owned Darkcoin or even looked into it, but it was one of the few that was profitable on a chart I did at the end of December.  The chart was from March 8 (the day DNotes made it onto CoinMarketCap) to Dec 31, so Blackcoin was also profitable.  Blackcoin was hurt by that huge runaway price spike and it will take a while for them to rebuild confidence, but it does look like they will stick around.  I haven't checked out Vertcoin in a long time, but I did buy and sell some quite a while ago.  BTC - everyone should have a little.

Try to spread your investment out so you have no more than 20% in one currency, at least to start.

Good Luck!

[vince232]

well i only have 2 coins. but i only have 1 btc. seems ill just hold sbit and vior coin thanks!

[big ears]

You can hold coins for long term if they have good team behind it and anything that is 6+ months old and still trading on big exchange. Doge, DRK, LTC, BTC, BC, VTC are some good ones.

If it's new coin I try not to hold it for longer than a month.

I agree!  80% of new coins launched are gone in the first 30 days, so every new coin is a huge gamble.  If you have made money off of this newly launched coin, you could sell whatever amount is needed to break even or to give yourself some profit and then leave the rest in it.  Or, you could sell it all, and buy back in (if it is one of the 20% that may make it past 30 days) when the price comes down after the initial rise and / or it has at least 6 months of good history.

DNotes was launched in February and is positioning itself as a long term investment.  It has had a steady appreciation in value since then and is worth checking out if you are looking long term.  I've never owned Darkcoin or even looked into it, but it was one of the few that was profitable on a chart I did at the end of December.  The chart was from March 8 (the day DNotes made it onto CoinMarketCap) to Dec 31, so Blackcoin was also profitable.  Blackcoin was hurt by that huge runaway price spike and it will take a while for them to rebuild confidence, but it does look like they will stick around.  I haven't checked out Vertcoin in a long time, but I did buy and sell some quite a while ago.  BTC - everyone should have a little.

Try to spread your investment out so you have no more than 20% in one currency, at least to start.

Good Luck!

I used to think in terms of either holding 100% of my coins or selling 100%. Now I think in terms of holding 50% and selling 50% to break even.

[unusualfacts30]

You can hold coins for long term if they have good team behind it and anything that is 6+ months old and still trading on big exchange. Doge, DRK, LTC, BTC, BC, VTC are some good ones.

If it's new coin I try not to hold it for longer than a month.

I agree!  80% of new coins launched are gone in the first 30 days, so every new coin is a huge gamble.  If you have made money off of this newly launched coin, you could sell whatever amount is needed to break even or to give yourself some profit and then leave the rest in it.  Or, you could sell it all, and buy back in (if it is one of the 20% that may make it past 30 days) when the price comes down after the initial rise and / or it has at least 6 months of good history.

DNotes was launched in February and is positioning itself as a long term investment.  It has had a steady appreciation in value since then and is worth checking out if you are looking long term.  I've never owned Darkcoin or even looked into it, but it was one of the few that was profitable on a chart I did at the end of December.  The chart was from March 8 (the day DNotes made it onto CoinMarketCap) to Dec 31, so Blackcoin was also profitable.  Blackcoin was hurt by that huge runaway price spike and it will take a while for them to rebuild confidence, but it does look like they will stick around.  I haven't checked out Vertcoin in a long time, but I did buy and sell some quite a while ago.  BTC - everyone should have a little.

Try to spread your investment out so you have no more than 20% in one currency, at least to start.

Good Luck!

I used to think in terms of either holding 100% of my coins or selling 100%. Now I think in terms of holding 50% and selling 50% to break even.

I do the same. I put 50% in good coins and 50% in scam coins. Never put over 0.01 BTC in scam coins and never put over 0.20 BTC in good coins. It seems to be working fine lately.