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Sell or hold ?

  • Thread starter Thread starter Josemendez
  • Start date Start date
Sincerem said:
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.
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I didn't always believe this earlier but now I've been able to understand it, so does it really mean that forex trading can be very much profitable than crypto trading because of the lower volatility compared to cryptocurrency ?
 
I think you should only risk as much as you can afford to loose. The cryto is really volatile and at this point analysts are unable to state it's exact direction.
 
Sotherefore said:
I didn't always believe this earlier but now I've been able to understand it, so does it really mean that forex trading can be very much profitable than crypto trading because of the lower volatility compared to cryptocurrency ?
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Both are profitable in trading, have you forgotten that when it comes to trading both are almost the same. Through leverages you'll gain higher from trading. But in cryptocurrency you can simply holdl your coin and earn huge reward when volatility takes it higher in price, but in forex you can't holdl your fiat asset for such kind of benefits.
 
I am holding crypto currencies since the beginning of this year. Until 2020, I was using crypto currencies mostly for paying for goods and services and to sell and convert to fiat money.
 
Personally, I prefer to sell and hold simultaneously. One has to observe the curves of the market critically so it can be determined if to sell or hold!
 
Hold and then sell is better. Now the bitcoin price is $43000 , it's better to hold the coin if you have bought it before. Once bitcoin comes close to $50k and then decide if you wish to sell or not.
 
Currently the market is facing some panic situation after the announcement of China ban on all crypto activity, so a lot of people are selling off their coins.
I would rather hold now
 
As long as you are trading spot there is no need for you to sell out your cryptocurrency when the price is reducing because no matter how the price is reduced it will surely bounce back to the original price. That is one of the law of cryptocurrency.
 
I am using both strategies. I an holding few currencies, I plan to hold for 5-10 years. I am also selling some cryptos as soon as the currencies gain value. However, I don't sell a lot.
 
Nomad said:
I am using both strategies. I an holding few currencies, I plan to hold for 5-10 years. I am also selling some cryptos as soon as the currencies gain value. However, I don't sell a lot.
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That is the best strategy you keep the ones you intend to hold for a very long time especially very small valued coins and trade other coins for a very short time to make your gains.
 
And now the price have dropped rapidly ,I think holding Bitcoin is the best thing to do for now ,you could make more gain as an investor if you could measure your profit rate properly and you make more gains
 
This is the most important time to keep in touch with the forecasts and the btc charts. There seem to be a steady rise which is the major reason why some still hold. For now I can sell a very little part while I watch the forecasts and predictions.
 
Abibatabosede said:
Business is risk,so Bitcoin is not an exception,all you have to do is study,have foresight then you are good to go.
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that just the fact about trading in cryptocurrency you will need to be fundamentally sound on how to trade before you can be able to engage properly in any meaningful cryptocurrency activity.
 
this is why it is important for you to acquire cryptocurrency knowledge by yourself instead of asking people whether to sell or not. It is your finances and you should take responsibility.
 
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