Sell or hold ?

[Trexxxy]

Well, I think it is obvious to everybody that bitcoin not only smashed this 20k mark but recorded ATH. The top gainers would be people who held on to their coins.

 

[Sincerem]

Selling off cryptocurrency can only be advisable if you are a future traders and the market went against your prediction in this case it is necessary to sell it off to avoid your account from being liquidated.

Lol, it depends on the leverage too. If it's a lowered leverage with some amount which you can afford to risk, you can still leave it for some time to improve when the coin improves.

 

[Aaron625]

Well, I think it is obvious to everybody that bitcoin not only smashed this 20k mark but recorded ATH. The top gainers would be people who held on to their coins.

Imagine those who have hold coins that they bought at $3000 per Bitcoin and the price went 10x more so do the profit as well. I would be even happy with 2x profit though I am not able to get that lucky or I should say , I am not holding the coin for long run due to lack of patience.

 

[Sotherefore]

Lol, it depends on the leverage too. If it's a lowered leverage with some amount which you can afford to risk, you can still leave it for some time to improve when the coin improves.

Yes it's going to be risky and you also need to monitor it because there are sometimes that it will decrease by -80% and that means in the next 20% down your account will be liquidated, how will you manage this ?

 

[ahmedo24]

The fact is that I always trade cryptocurrency with the intention of making little profit I hate to make losses and I trust much as possible to avoid them when I make profit and trade of my coin if they can continue to increase that is my luck and I don't regret.

 

[Sincerem]

Yes it's going to be risky and you also need to monitor it because there are sometimes that it will decrease by -80% and that means in the next 20% down your account will be liquidated, how will you manage this ?

Laughs, I wonder what will make such kind of high volatile go down so easily like that. That's why we don't need to go for coins looking like shitcoins in nature. We should go for potential gifted coins that doesn't go on a free fall.

 

[Sotherefore]

Laughs, I wonder what will make such kind of high volatile go down so easily like that. That's why we don't need to go for coins looking like shitcoins in nature. We should go for potential gifted coins that doesn't go on a free fall.

Lolz, that is true and most of this thing always affect future traders the most because they are the one that are leveraging, people who are trading sport may not even feel all this thing's.

 

[tyrim88]

Selling in current times makes sense as the price is high for the bitcoin. And holding is good option when the price is going down. So make sure to buy the coins during the times of the down. And sell them once the price increases beyond your buy price. I think this approach would be pretty beneficial in next 5 years to come from what I have seen so far.

I think this is just the best strategy to apply when dealing with cryptocurency trading,i am on the side of buying and keeping for a longer period of time,for it to appriciate in value and price.

 

[Kelly5]

The thing is very simple. If you have bought this Bitcoin sometime back before getting to this level, that means you're already in profits as it is. So, it your risk apartite that will determine either you hold or sell now

 

[Trexxxy]

Imagine those who have hold coins that they bought at $3000 per Bitcoin and the price went 10x more so do the profit as well. I would be even happy with 2x profit though I am not able to get that lucky or I should say, I am not holding the coin for the long run due to lack of patience.

True those people would have made a killing from it, however, I think patience is key and having a financial strategy. I remember when zuga coin did more than 30k dollars then, my plan was as soon as it hits that 30k I was going to sell and make my profits then, which I did. Some held on even after surpassing 40k before it plummeted.

 

[Aaron625]

True those people would have made a killing from it, however, I think patience is key and having a financial strategy. I remember when zuga coin did more than 30k dollars then, my plan was as soon as it hits that 30k I was going to sell and make my profits then, which I did. Some held on even after surpassing 40k before it plummeted.

I never heard of Zuga coin and I am so surprised that it is not that popular though it values almost equal to the price of bitcoin. And now its worth around $180k which is outstanding with it's coinmarketcap ranking of 3k. What makes this coin so high in price?

 

[Trexxxy]

I never heard of Zuga coin and I am so surprised that it is not that popular though it values almost equal to the price of bitcoin. And now its worth around $180k which is outstanding with it's coinmarketcap ranking of 3k. What makes this coin so high in price?

The fact that the available volume isn't that much in terms of units compared to some other coins, i think bitcoin in terms of volume is over 20million, in the whole world. The lesser the volume, the more likely the coin will increase in value.

 

[Shigobad2020]

Selling of crypto currency is only adviseable if you cannot predicts the future of the coin, in my own view , i prefer buying and holding for a very long time before selling it off,

Selling off cryptocurrency can only be advisable if you are a future traders and the market went against your prediction in this case it is necessary to sell it off to avoid your account from being liquidated.

 

[Sincerem]

Lolz, that is true and most of this thing always affect future traders the most because they are the one that are leveraging, people who are trading sport may not even feel all this thing's.

Hmm, then it means that future traders are facing more risk of volatility, same too goes to their profit for each successful trade recorded.

 

[Lens]

The bitcoin is a very good cryptocurrency and could make lots of money holding it. The bitcoin hodlers are the ones making the biggest of the money. The coin as shown to be promising and ot showed in its antecedents. I would rather hold the coin than trading it.

 

[Good-Person]

I believe that it is always a better idea to trade off your coins. You may never know what will be the price of coins by the next month and crypto may fluctuate a lot. It is a better idea to trade coins instead of holding for short-term investment.

 

[Sotherefore]

Hmm, then it means that future traders are facing more risk of volatility, same too goes to their profit for each successful trade recorded.

Yes that is true and I've come to find out that what you told me about cryptocurrency being more volatile than forex trading is really true.cryto currency is extremely volatile.

 

[Sincerem]

Yes that is true and I've come to find out that what you told me about cryptocurrency being more volatile than forex trading is really true.cryto currency is extremely volatile.

Extremely volatile indeed, that's why we need to be careful all day trading cryptocurrency. I've learned something about the two, that's why I learned the one more volatile.

 

[Stnicholaz]

I would sell part of my bitcoin and leave some in wallet and observe the rise and fall. The outcome will determine if I would invest more or withdraw more coins.

 

[Filicit]

Hodl hodl hodl, that is the code till whenever possible or till infinity even, lol. Except yiu are tired if making money, bitcoin will always rise even though it dips