Quote from: poornamelessme on July 24, 2018, 08:12:46 PM

Quote from: thanhdat031 on July 24, 2018, 08:04:21 PM

Quote from: VenturaBro on March 24, 2018, 01:25:43 PM

Do you continue hodling or sell? A lot of people say to hold no matter what happens and I'm not advocating daytrading but I think in a situation like this, it'd be advantageous to sell.

Thoughts? What would you do?

Do not sell it now. Keep it all up to the end of the year. When btc hits 15k everything will be at the top. That's when you should sell.

The flaw with that thinking is if a coin does the 2x thing, it will drop at least short-term. It's inevitable. Then you'd be better off simply selling and buying back in, and either going with more coins or some profit.

Also no guarantee that if BTC hits 15K, that said alt will retain its value at year's end. BTC doubles and your coins sinks like a stone at the end of the year, it's less profit.

The biggest issue I have when my coins do the big pump thing is the fact that many are flash pumps -- blink and you miss it. So it means guessing at where to set sell orders ahead of time, and odds are they won't be right.

I guess that's the reason you sell some of your coins when their price jumps or convert them to BTC. If you hold alts you can lose in value even if the alts jump in prices. Weird but true.