Post
Topic
Board Altcoin Discussion
Re: Mistake you should avoid when holding your Altcoins
by
Hanebel
on 22/01/2019, 14:20:30 UTC
Early 2018 I had different altcoins via bounties, airdrops and small investment in ICOs. But the major mistake I made was waiting for bull run to come so I could sell and make large profit. But atlast the bull run never came. So I had to keep hodling till I got stocked in the Bear market.

I think you all should learn from my mistakes and never wait for bull run because nobody knows when the bull is coming because of the volatility of the market. Sell when you have decent profit and not waiting till you have a large profit. Thanks


Waiting for a bull run is not necessarily a mistake. The mistake was too much greed. When the bull run is already there but we still not consider it as the "bull run" we've been waiting instead, we wait for more price rise, then that's greed. Everyone from 2017 to 2018 has learned on this experience.

i think waiting for the bull run is indeed a mistake, because when there is a growth in price and it does not reach your profit margin, it is still a loss.
There is nothing like stop gap profit in crypto currency.

it is all about buying and selling, and mostly about buying low and selling high.
all for profits.(first)
It would only be considered a loss when you sell it lower than your buying price. In the case of your example, it is just a paper loss or an imaginary loss, nothing real.