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 would respond the same words that you had said into your friend which if he do sees for a project that to be worth of then he should hold but if not then he should sell but in the end of the line it would be still varying or depending into his decision since its his money after all.Just dont give out some conclusions or assurances towards on the decision that he would make or be the one to decided for him because if things turns out to be bad
or wasnt the thing that he do expect then you would really be mainly to be blamed off and this is why its better not to give out some assurance or conclusions and just let him to decide on his own.
We do have different takings and views towards certain projects in the market.