Quote from: Renampun on Today at 03:29:39 PM

Quote from: K_vin on February 01, 2025, 09:44:56 AM

This is one of the most loggerhead discussions about the bitcoin market, should I hold or sell, so I want this to be a tread of your opinions and why

I will go first

The idea of either holding or selling your coins is always done with speculations and fear of the unknown in most cases(not all) however I feel this decision is not supposed to be based on arbitrary and random speculations, it should be done with proper analysis considering the economic and technical implications in the coin, whybwas the coin created by who if possible, what else can the coin be used for etc btc for example is gaining more and more global traction on a daily basis for so many reasons. with this kind of economic information dded with the technical formation of the coin, decisions about holding or selling is almost 50% solved
So I would prefer to hold for as long as possible, since coins generally do well with time

holding bitcoin as long as you can is very good and highly recommended but if it is altcoin it is very risky. 60% of altcoins mostly end up with a drastic decrease in value, and many even end up having no value at all, so if you really want to hold altcoins, it's better to hold altcoins that already have good fundamentals such as ethereum or binance coin (personal suggestion). For memecoin, it is not recommended that you hold it for long because memcoin is only a speculative asset whose value is created solely by hype and has no definite use that would make its value last longer.

To be on the safe side, altcoins and memecoins are not recommended for the long term. Although altcoins have strong fundamentals, there is no guarantee that they can go back up when they go down because there are so many like that. Ethereum and BNB are indeed good fundamentals, but believe me, many professional investors only invest in these altcoins in the short term, the profits they get from altcoins will be transferred to bitcoin. Because they themselves don't really believe in altcoins.

The point is, when we have entered the crypto world, we must have a priority coin in our portfolio, and that coin is bitcoin. Don't make altcoins a priority in investment, besides our mentality or psychology will also be disturbed when holding this altcoin will be different when holding bitcoin because it is clear that bitcoin is the parent of all coins, even altcoins that go up are mostly based on the price of bitcoin besides that you need more extra information to hold altcoins. so if asked to sell or hold altcoins now, if you have made a little profit, you better sell and switch to bitcoin.