Quote from: raes on Today at 05:50:49 AM

Quote from: aylabadia05 on Today at 05:40:25 AM

Quote from: Tomiwa_akin on May 08, 2021, 08:59:13 PM

having a conversation with a friend today , he was asking me if he should sell or hold a coin. i didnt give a straight answer, i just told him the project is a good one that can do well but if you are willing to wait then you can hold but if you need some money then you can sell off. he then replied that he will wait for an additional 25% increase before he would sell off. i think i tried my best to let him make his final decision himself. is there any better way to do this? if it were you, how would you respond to this. ??

If the coin that I hold has the potential to increase from various reference sources, then I will also do the same as your friend. I will hold until the price of the coin rises again. However, 25% is an expectation which I think is too high.

25% is actually not difficult for altcoins to achieve. but some may need more time. and it also depends on the project and the market.
some altcoin assets can be allocated for long-term investments. but some will be more profitable for day trading or short-term investment.
I myself like short-term and day trading. I am not targeting big profits for altcoins with busy trading.
but for assets like BTC, ETH, and BNB. rest assured holding it in the long term is not an impossibility to reach 25% in the future.

I mean the same as you said. 25% is too high if the coin held does not have a good potential for improvement in the market. However, if the coin held has good price potential like ETH, BNB etc, the 25% target is too low.