Quote from: hitsnorth on July 18, 2024, 02:05:02 PM

It depends on the coin. I'm holding everything in the long term and waiting for the big results. But I sold DOGE almost right after it became green in my portfolio since I wasn't planning to hold it anymore and don't believe in its future.

I too avoid DOGE, heck I even still avoid the even-earlier "lets spam more and more scrypt coins instead of working with the original ones" coin, LiTeCoin.

For those who don't recall, the original scrypt coin was TeneBriX, but it had a pre-mine so someone made a "fairer" one, FairBriX.

But then we began to see the spam more coins instead of actually supporting the coins we already have mentality rear its ugly head and the proliferation began... Someone who had the advantage of working in a job that gave him an edge on marketing decided to spam out yet another scrypt coin rather than for example updating the code of an existing one to keep it up to date with the latest bitcoin code, and scrypt was not only spawned but also marketed directly in competition with the original scrypt coins and eventually DOGE came along copied from that copycat one and gosh knows how many scrypt coins we have by today.

Meanwhile here in the Galactic Milieu we continue to both buy and sell the originals, because as roleplaying game (RPG) gamemasters and players we know players do not actually like having their loot vanish from their pockets or even, really, to experience MUDflation and so on.

So as to the O.P.'s question of at what point do we sell, our answer is at every point.

If it were not that so many exchanges and wallets are so stingy with their allocation of number of offers one account is allowed we would ideally sell at every satoshi of price, even though it has historically sometimes taken hours upon hours upon hours of typing in offers only to have them all get gobbled up in moments not long after typing them in.

With platforms such as HORIZON and Stellar we can get around the pathetic number (less than 500, maybe sometimes only 100 or less?) of offers per account simply by proliferating more accounts, but with centralised exchanges their limits on number of offers is a real problem for market-making, and of course with them too one often also has to bundle more than one pair into one account thus not only limiting one further but also making it harder on the head to keep track of which sell-asset a given amount of buy-side proceeds belongs to. Arg. Yet another reason to deprecate centralised exchanges.

The real long term income is in the buying and selling, not in one's "capital".

If you make your desired income per payperiod, such as per month, do you ultimately really care whether for example your ten grand a month or hundred grand a month or whatever takes one million or more million capital to earn, once you actually have it coming in? The usefulness of capital is its ability to earn, and its ability to earn, absent built in hard-coded in your wallet staking (Proof of Stake coins) usually lies in the buying and selling.

So ideally we would buy at every point the granularity of prices subject to the trading fees permits and also sell similarly, constantly, always buying and always selling, buying cheaper of course than we sell at, huge columns of buy and sell offers.

Sure this historically has led to huge "bags" of the sell-side coins but so what, that initially means the sell side column can be built ever higher, then later it also means more and more of the sell side coins free to be tokenised to enable trading them on more platforms, and over generations it will presumably lead to more and more and more of them forever tied up, buried under swimming pools in long time frozen storage as backing for tokens that hopefully will never even need to be redeemed back to blockchain coins because they too will keep accumulating more and more, becoming ever rarer on the spot markets as more and more are tied up into long term uses.

Sell at every possible profitable point while also buying at every reasonable point, and to keep on coming out ahead make your buy offers column at least twice as "dense" as your sell offers column especially toward the bottom, so every time a chunk of your sell column get bought up your resulting buy offers built from it never goes up past the average price paid for the span of sell column tempting buyer to sell back at greater than the average they just paid, and as long as price does not skyrocket up past your highest sell offer or drop down bwlow your lowest buy offer you are forever "in play" profiting in both directions (both up and down).

-MarkM-