Quote from: CSTL_dmili23 on December 06, 2018, 12:00:25 PM

Quote from: cryptolord2077 on September 27, 2018, 12:24:10 PM

I want to know how you relate the risks to profits?
What is the determining factor for you to sell or buy coins?
How many of you are trading short-term?

If I believe in a coin/project, I hold as long as I need to. If I no longer believe in a project, I'll sell. However, I'll never sell at a loss unless it's to reinvest into a better project.

How do I determine if a project is good? See if the team is actually working. Is there a wallet, are they updating the wallet, what are they working on, are they meeting deadlines, etc. So many crypto projects release nothing and people buy their coin anyway.

I was also aware of the risk involved in the cryptocurrencies but I was also aware that if we will not take the risk then we will not be rich. Here I came for becoming rich and so I took the risk. I know that in crypto the risk is only the long time wait after which we will see the price at a higher peak.

Unlike any other markets, we can eliminate the risk associated with crypto currencies simply by holding it for long term. If you are not ready to hold for long term then you should not go for investing in crypto currencies. I believe only crypto currencies are promising for big returns in long-term whereas many shares and stocks are not getting big value even in long term.