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. ??
I also have friends who ask me these questions from time to time and I always tell them that if they believe that the project will do well in the long run then should hold instead of selling now for tiny profits and cry later when the coin pumps 10x from their sell off price, a project with a good utility will always pump in the long run, but shit projects eventually die since there isn't any good utility or incentive to keep it alive, so the answer would be sell if you think the project is dying, then hold if you believe the project will be a blast in the future.