Post
Topic
Board Altcoin Discussion
Re: Holding and taking profits
by
Ozero
on 01/08/2021, 16:30:43 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!
The situation on the cryptocurrency market will still constantly change. However, at this stage, you are absolutely right: those who counted on a further rise in prices in this market after May and did not manage to fix their profits should now show maximum patience and not sell cryptocurrency now at relatively low prices. Prices will soon rise to their previous records and even much higher, depending on the prospects of specific cryptocurrencies. So far, there are all the necessary conditions for this.