Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: yousufatik on October 05, 2018, 10:53:37 PM
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While this might seem like something very intuitive, it is in fact one of the most difficult things I have noticed in the crypto world. When should I sell and when should I buy for maximum profit and minimum loss? After a lot of mishaps in this space, I have come to understand that a system, strictly followed is the key.
My own system is very simple. It doesnt matter when I buy, I could buy at an ATH or midway between an ATH and an ATL; but for the sake of security I would always sell at an ATH. This system assumes there would always be a correction following an ATH, sometimes a very damaging correction that it becomes a perceived market crash. No matter when I buy, provided I don't run into some life threatening issue, I believe there would always be a new ATH, so I wait, and I sell immediately that ATH comes. The I sit back and watch the greed and FOMO take over, wait for the correction, then buy again. Rinse and repeat. The only constant that this formula relies on is that there would always be a new ATH. So far this fact is yet to be disputed.
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If the market condition has no improvement, I will prefer to continue holding all coins. I only plan to sell the coins when the price has been increasing well. I just buy some potential coins now and don't want to sell during decline cycle.
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My strategy is: when I choose a coin like ETH to hold for more than 1-2 year, I started buying in little pieces once a week for months, so that I can have a price that is not influenced by single events, then I hold for the period and see what will happen
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I think it's good to hold it now.Now that the price in the market is low then hold and wait for the time that prices of coins in the market will rise and I believe it will be back soon then you can get a big profit.
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We all do the same. But the time to act might be doesnt the same as we might have to in when to buy and to sell. If you wait to low it might not go that low as you predict. When you want to sell when will the right time to sell so you will not lose. I just sell it at the time im profit so i never regret to lose when it dump again. People always greed when to come with pump high.the wait till it drop back. So to me it was just a waste. Just sell it when it pump up.
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I usually do daily trading, but I keep the coins I trust.so I apply this strategy differently for each coin.I'm selling coins that I'm satisfied with.I'm getting a little more from the price drop.
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Determining a coin or token's All Time High or All Time Low is hard. You cannot simply say "I sell at ATH or buy at ATL" because you'll never really know that it's the ATH or ATL. Better to just set a target profit then sell.
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The strategy of holding and selling Cryptocurrency that I did was, I bought coins that were just released in a market that had a low price but this coin had the potential to rise and have a high price. But before I bought the Coin or token, I did a small amount of research for the coin project, is it really worth buying and holding for a long time!
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I haven't really understood Cryptocurrency, and I always ask my friends what coins are worth buying and holding. I have not been able to research to find out whether the coin is good or not, but if I choose it myself then I go to Coinmarketcap then I choose the coin listed there for me to buy and I hold it then I sell when the price is higher than the price When I bought .
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I think, the strategy to hold is if the price of a coin in the market is low then I will still hold it and wait for the price to rise or when I get profit to sell
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Precisely when all the coins in the market are crashing, I have not dared to decide to buy. my strategy is, waiting for a few coins to show an increase, then I buy to hold it. because that will give way that coins will rise higher. but if it still stays and has not shown an increase at all, it's better not to buy.
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if I have not gotten a profit then I will still hold the coin that I have and if I have got a profit then of course I will sell it
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While this might seem like something very intuitive, it is in fact one of the most difficult things I have noticed in the crypto world. When should I sell and when should I buy for maximum profit and minimum loss? After a lot of mishaps in this space, I have come to understand that a system, strictly followed is the key.
My own system is very simple. It doesnt matter when I buy, I could buy at an ATH or midway between an ATH and an ATL; but for the sake of security I would always sell at an ATH. This system assumes there would always be a correction following an ATH, sometimes a very damaging correction that it becomes a perceived market crash. No matter when I buy, provided I don't run into some life threatening issue, I believe there would always be a new ATH, so I wait, and I sell immediately that ATH comes. The I sit back and watch the greed and FOMO take over, wait for the correction, then buy again. Rinse and repeat. The only constant that this formula relies on is that there would always be a new ATH. So far this fact is yet to be disputed.
Yes, this is one of the good strategies. Sometimes I used this strategy too. But the problem is we don't know when ATH and ATL are coming and we were only predicting that it will come after it reached one support. And although we can rinse and repeat, it will need time before we can do that again and sometimes, the ATL will go deeper than we can imagine.
Maybe you can move to the other coins especially when the ATH already comes two times because the price can get down too deep and will stay for a day or more before it increases again.
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My answer is hold and buy more tokens you have or buy eth, btc or whatever cryptocurrency you like and you think it's good to invest while the price is in bearish at the moment.
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if I, prefer to hold it. when I see a coin or token that looks prospective because I can sell it when the price suddenly rises and the price is very high.
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Buy low sell high, hodl profit. Easy :D
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The crypto market is unique. When the market is at peak point (ATH) and experiences a correction. All traders around the world will also sell them simultaneously, so that is like a very fast escape for those who sell first as winners. So, it's best to trade crypto must have a good strategy and strong money management. when you are afraid of losing money then you have to hold the coin for a long time.
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For me I don't have much strategy for hodling and selling I only watch the market volume and sell it if its needed because if you have strategy it give you profit if you hodl and also in selling but for me it still the same and not needed to put effort and strategy.
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a strategy that you can do is you have to be able to take advantage of the best cryptocurrrency price movements and don't let you sell at a very cheap price, better hold it and don't sell at a cheap price.
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as usual the basic techniques of treding buy at a low price and sell at a high price, 10-20 cukjp sell because no one knows prices go up or will go down again
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What is clear is that I will do my best to bear the slightest risk of loss in trading. Maybe this strategy will be the same as many people here. So I will choose to hold the Coin when the price of the coin is still low or standard when I first bought it. And when the price is high, that's where my biggest opportunity is to sell it immediately at a high price too.
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The best sales strategy for me is to buy when red is around 50% more.
Then sell it when it starts green at 10%, I'm not too greedy for profit because it is my value that I get.
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I think it is the most logical option to trade with the bull season. Keeping in the moving time of the market will not bring much profit.