Do you think it's stupid decision selling cryptocurrency?

[Hope4life]

It's not stupid, because that's how the market works. Someone is selling and someone else is going to buy is a normal thing in trading. People have their own reasons for selling their crypto coins/tokens

[anshor1]

It's not stupid, because that's how the market works. Someone is selling and someone else is going to buy is a normal thing in trading. People have their own reasons for selling their crypto coins/tokens

Maybe OP means if we hold our coins like BTC at 2013 until now, we will be rich.
Several investors always think about holding, didn't do trading or medium term.
They hold for long term investment.

[collinsjie]

I really don't understand what makes people think that selling cryptocurrency, more especially those in the top 10 is a stupid decision.

Let's discuss.

I don't think it is a stupid decision to sell your cryptocurrencies. Everyone has a reason for doing what they feel like doing. It is all depending on your strategies, some people do long-term investments and some do short-term investments. Like me, I do both long and short-term investments. There are some assets or long and short-term investments.

[Speaker]

Right now I only have stablecoins so that I can quickly buy back an interesting cryptocurrency on drawdowns.

[Noverteno]

It's not stupid, because that's how the market works. Someone is selling and someone else is going to buy is a normal thing in trading. People have their own reasons for selling their crypto coins/tokens

Maybe OP means if we hold our coins like BTC at 2013 until now, we will be rich.
Several investors always think about holding, didn't do trading or medium term.
They hold for long term investment.

Holding a cryptocurrency for a long time is also not a good way to make a profit in all cases. Not all cryptocurrencies are able to grow in price for a long time. Even with regard to Bitcoin and some other top cryptocurrencies, there is not enough confidence that they will still be profitable for the next ten years. In cryptocurrency, as well as in the stock market, you need to be able to make the right buying and selling decisions on time.

[gurunanakji777]

We must know one thing every trader's situation is different every trader is not financially sound so keeping this in mind we can expect whenever one has liabilities he/she will sell to get money and we will not say it's a stupid decision. All traders have different goals to hold so it's not stupid to sell whenever they want.

[Zezari]

Each investor has a certain bar for selling his tokens, if he bought them at a low price, why would he sell everything. Everyone thinks for himself when he needs to sell.

[Max Way]

Each investor has a certain bar for selling his tokens, if he bought them at a low price, why would he sell everything. Everyone thinks for himself when he needs to sell.

Indeed, everyone has their own target, which not everyone can accept what has been done regardless of the current market conditions. But for me everyone has their own strategy in managing their assets so that they can take advantage of profits and try to avoid losses.

[Jaephoenix]

It may be stupid. Remember Luna. It was top 10, nay, top 5 coin before the legendary crash. And it never recovered, even after much endeavors by De Kwoon. So yes, selling up a top 10 coin or token may be an astute business decision, reign in your loss, and move on. EOS, XLM were top 10 coins but lost their relevance

[Severus Snaoe]

I really didnt got the question but selling cryptocurrencies if you are making a huge profit is good. But holding it for a long term isnt the good idea as far as i know. Some of the cryptos dont perform well at all.

[atrizbtc]

It is not a stupid decision if you are in profit and have a plan to buy again at a low price. If you are selling in a dip in panic then it is a stupid decision, but again it depends on the situation if you need money for other work or you have found another good coin to invest then it is not a stupid decision.