Post
Topic
Board Altcoin Discussion
Re: Holding and taking profits
by
MarjorieZimmermanGinger
on 17/07/2021, 10:15:06 UTC
From analysis, it has been argued severally that hodlers are winner and earn more profits than traders, this depends on your expertise and where you fall into. The current situation now means that anyone that bought lower and didn't take profit because of greed or another reason will soon be at loss or breakeven if things continue to go down. Now many people are lamenting because they didn't expect this at this time and didn't take profit because they thought the uptrend will last more for better profit. For people that has been here for long knows the cycle and this kind of situation is inevitable. For people that can be patient I think they can still get back to the former or expected profit but this is not guaranteed. In my opinion I think it's better to hodl and take profit at the right time and wait for the dip to buy back more quantities and wait for more profit. This way you earn more profits. What do you feel is best to do when holding a coin, please share your opinions!

I agree with you, now we are no longer talking about prices but need to analyze every coin purchase in order to be able to minimize any possible losses, sometimes we need to hold back emotions to sell some coins while waiting for the right time.

We need to pay close attention to this certainty, so that we are not hasty in making decisions, as a result when we cannot control our emotions in decision making, it will be very detrimental to the conclusions we take.

The right solution for now is to be patient, considering that in the future the coin price is not so stable in the market, concrete steps need vigilance in acting, either buying or selling.