Quote from: Rigon on September 22, 2022, 11:57:18 PM

Quote from: Gozie51 on December 24, 2021, 11:41:49 AM

How long have you been hodling a particular coin while the coin has been making progress for your profit taking and yet dropping in your eyes ?

Some people don't understand the hodling technique, they are hodling a particular coin and never sell to rebuy again or to sell and buy another coin. You can sell this coin and buy that other coin that is how to turn over your money.

I didn't tell you to sell your bitcoin and not to buy again. I only say you sell the bull and buy the bear Grin

There are some tricks that many investors don't understand.All of the strategies you talk about here are the strategies I've seen many investors do at all.But your strategies are enough to really profit. A currency should not be bought and held for a long time.I have personally seen many people buy some coins and hold them for life even though they have made a lot of profit and never even think of selling.Such investment can never make you profit.The basic rule is that even if you get a small amount of profit over the amount of money you invested, you should sell it and buy it again at a lower price later.

Those who persist in such misconceptions lose most of the time. It should be sold if it is 15-20 percent more than your invested amount. I have seen many people who got double their invested money and held on to it and in turn lost a lot of money. One should never be greedy in cryptocurrency. Despite of having profit, greed also leads to loss of money which is very painful.