Do not sell, Just HODL (v2)

[Dzwaafu11]

I assumed this thread to be the first on this subject, so, starting another thread inline with same subject, I decided to make this the version two of the same subject.

Personally, I feel the market should be pumping hard right, I mean, there are alot of catalyst to ensure the market is pumping, we have a lot of good news,
1. Bitcoin is just a few days to halving, shouldn't the excitement be driving investors to buying instead of selling?
2. Bitcoin and ethereum ETF got approved by the Hong Kong securities and futures commission, people should be buying bitcoin and major altcoins in large quantities instead of selling.

People who are selling know what they have gained; everybody invested to get profit and sell back, so I’m sure people you see selling have already gotten profit, which is why they sell. Unless they panic and make the wrong decision, that makes them sell at lost, but I’m pretty sure that most of them did not sell at lost; many of them bought when the market got dumped, so selling now is not a problem for them. You may think of halving; those people can still go ahead of halving since they feel there is still time to do that. 

Skills in the crypto space are essential, whether it is holding or trading. If you look at it briefly, you will definitely think that holding does not require much skill, but if you look deeper, you will need a lot of skills and that is important.

Likewise in trading, I think it will be even more difficult because our mentality will be tested in a very short time. Just imagine, in a matter of hours we have to prepare our mentality when facing losses.

In everything, knowledge is very important. You can’t succeed when you don’t know what you are doing, especially in this crypto space. You need to be very prepared for what you are about to do because you are using money to invest or trade, so if you are not knowledgeable, you will face losses, which nobody will like to happen. That is why you need knowledge before getting into it. 

[royalRitta]

In everything, knowledge is very important. You can’t succeed when you don’t know what you are doing, especially in this crypto space. You need to be very prepared for what you are about to do because you are using money to invest or trade, so if you are not knowledgeable, you will face losses, which nobody will like to happen. That is why you need knowledge before getting into it.

I would say that a knowledge base is very important, though, without practice around it - it's as important afterward. They can't be without each other, though, first would be better to have the base for the practise, because otherwise, as you said - losses will be big.

[gunhell16]

I assumed this thread to be the first on this subject, so, starting another thread inline with same subject, I decided to make this the version two of the same subject.

Personally, I feel the market should be pumping hard right, I mean, there are alot of catalyst to ensure the market is pumping, we have a lot of good news,
1. Bitcoin is just a few days to halving, shouldn't the excitement be driving investors to buying instead of selling?
2. Bitcoin and ethereum ETF got approved by the Hong Kong securities and futures commission, people should be buying bitcoin and major altcoins in large quantities instead of selling.

Not all the traders who sell here in cryptocurrency mean that he already has an income. There are others who sell because they think the price of the asset they hold will continue to fall. It seems that due to panic and uncontrollable emotions, they sell even at a loss.

There are other traders like that, and I also experienced that before when I sold even at a loss, the price suddenly went up when I sold. So it's really important if you are long-term investors; you should really stand up and laugh at that.


People who are selling know what they have gained; everybody invested to get profit and sell back, so I’m sure people you see selling have already gotten profit, which is why they sell. Unless they panic and make the wrong decision, that makes them sell at lost, but I’m pretty sure that most of them did not sell at lost; many of them bought when the market got dumped, so selling now is not a problem for them. You may think of halving; those people can still go ahead of halving since they feel there is still time to do that.

Skills in the crypto space are essential, whether it is holding or trading. If you look at it briefly, you will definitely think that holding does not require much skill, but if you look deeper, you will need a lot of skills and that is important.

Likewise in trading, I think it will be even more difficult because our mentality will be tested in a very short time. Just imagine, in a matter of hours we have to prepare our mentality when facing losses.

In everything, knowledge is very important. You can’t succeed when you don’t know what you are doing, especially in this crypto space. You need to be very prepared for what you are about to do because you are using money to invest or trade, so if you are not knowledgeable, you will face losses, which nobody will like to happen. That is why you need knowledge before getting into it.

As a trader, you should know where you belong as traders. Are you a short- or long-term trader? Because, of course, if you are long-term holders, you will obviously hold the assets that you will buy cryptocurrency for a long time.

Which also means you have a target plan for when you will sell the assets you hold, right? Because if you just hold him for a long time without a definite exact year and months, what will happen there will depend on how much your profit earnings are. I hope your holding assets will not lead to greediness.

[Bobcrypto]

I assumed this thread to be the first on this subject, so, starting another thread inline with same subject, I decided to make this the version two of the same subject.

Personally, I feel the market should be pumping hard right, I mean, there are alot of catalyst to ensure the market is pumping, we have a lot of good news,
1. Bitcoin is just a few days to halving, shouldn't the excitement be driving investors to buying instead of selling?
2. Bitcoin and ethereum ETF got approved by the Hong Kong securities and futures commission, people should be buying bitcoin and major altcoins in large quantities instead of selling.

The above and many more are catalyst that should be driving the entire market up, but here, the reverse is the case, instead of the market pumping hard, it rather is dumping, bitcoin is currently between $62k and $63k from its initial $66k it was earlier today, eth also dumping, what exactly is going on?

In trading, some one defined Liquidation as a forceful transfer of wealth from traders that need levarage to wealthy spot buyers.

And this means that, if you are spot buyer, you've positioned yourself well for the huge run that is coming, as long as you don't fumble your bag, I still believe that the coming bull run will be one of the biggest in the entire history of crypto, those who sell now will completely miss out, while those who seize opportunities as this to add to their bag will make double or triple of what they were supposed to make.

And of course this is not a financial advice, we are all free to do with out bags as we please.
But if actually you are not selling but buying, then let's talk, I did love to know what you are buying, (if you don't mind sharing of course 😁).

There is one common situation on any market whether crypto or other markets. It is very obvious that in a market there are individuals with their various trading/investments plans and strategies plus some differences in TA/FA analytical views. There are also traders/investors who are highly experienced to know when to exist (sell) their bags at certain markets conditions that will make them add more coins or Wait for the a dipper market, or long corrections to re-enter and accumulate more coins.

I think that many traders/investors may not be interested in learning the market trends analysis and could be one of the reasons they sell their coins once prices move up a little. You have to know that the experts knows exactly when prices (Bitcoin) will hit a strong resistance level.
Again, experienced traders/investors also know when the market trends will get a reversal or when it is heading to a corrections. These analysis are very important to know when to enter or exit a position, and also know when to accumulate more coins.

[ajiz138]

Of course, being responsible is the key to success in everything we do in life, including in trading. If we are not responsible, then it will be the beginning of the destruction that we will feel.

There are many things that we must master in this matter, because this is very important. Responsibility, money management and so on are things that must be considered even from the beginning.

Yeah, but I think those are the most important for newbies.
Otherwise, they won't have any funds to learn in the first place.
Responsibly investing or trading their money is essential in the long run for them to be successful.

Especially if they are beginners who still do not have a broad understanding of this space, be it investment or trading. If possible, they can ask for help from friends or people they know who have entered this space before.

Don't let them move alone or they have the wrong influencer. Because many influencers now only think about their own profits. Usually they will open some kind of paid class that has no direction.

[satpol_PP]

Of course, being responsible is the key to success in everything we do in life, including in trading. If we are not responsible, then it will be the beginning of the destruction that we will feel.

There are many things that we must master in this matter, because this is very important. Responsibility, money management and so on are things that must be considered even from the beginning.

Yeah, but I think those are the most important for newbies.
Otherwise, they won't have any funds to learn in the first place.
Responsibly investing or trading their money is essential in the long run for them to be successful.

Especially if they are beginners who still do not have a broad understanding of this space, be it investment or trading. If possible, they can ask for help from friends or people they know who have entered this space before.

Don't let them move alone or they have the wrong influencer. Because many influencers now only think about their own profits. Usually they will open some kind of paid class that has no direction.

Most influencers open paid classes or seek their own profit so we have to be careful. Your suggestion is good, for newbies it is better to choose good friends who are willing to share knowledge or become mentors. because in investment and trading requires knowledge and skills, this is something that is difficult and cannot be mastered quickly.

[pieppiep]

Of course, being responsible is the key to success in everything we do in life, including in trading. If we are not responsible, then it will be the beginning of the destruction that we will feel.

There are many things that we must master in this matter, because this is very important. Responsibility, money management and so on are things that must be considered even from the beginning.

Yeah, but I think those are the most important for newbies.
Otherwise, they won't have any funds to learn in the first place.
Responsibly investing or trading their money is essential in the long run for them to be successful.

Especially if they are beginners who still do not have a broad understanding of this space, be it investment or trading. If possible, they can ask for help from friends or people they know who have entered this space before.

Don't let them move alone or they have the wrong influencer. Because many influencers now only think about their own profits. Usually they will open some kind of paid class that has no direction.

Most influencers open paid classes or seek their own profit so we have to be careful. Your suggestion is good, for newbies it is better to choose good friends who are willing to share knowledge or become mentors. because in investment and trading requires knowledge and skills, this is something that is difficult and cannot be mastered quickly.

Well, Experience guidance from a person who knows how it works is critical to support us while learning investment and trading, they also can save us from such mistakes as well as help accelerate the learning period. Indications about this specific area of work reveal that such knowledge and skills cannot be learn over night and need time as well as practice to be mastered.

But it is also important never to take anything for granted and be always skeptical especially when it comes from people we follow or from sources that aren’t credible yet. While a few of them makes selected classes or courses chargeable, we must make certain that the value added provides warrants for the amounts being spent and minimize a fall into a detrimental trap.

[enoch_from_off]

Of course, being responsible is the key to success in everything we do in life, including in trading. If we are not responsible, then it will be the beginning of the destruction that we will feel.

There are many things that we must master in this matter, because this is very important. Responsibility, money management and so on are things that must be considered even from the beginning.

Yeah, but I think those are the most important for newbies.
Otherwise, they won't have any funds to learn in the first place.
Responsibly investing or trading their money is essential in the long run for them to be successful.

Especially if they are beginners who still do not have a broad understanding of this space, be it investment or trading. If possible, they can ask for help from friends or people they know who have entered this space before.

Don't let them move alone or they have the wrong influencer. Because many influencers now only think about their own profits. Usually they will open some kind of paid class that has no direction.

Most influencers open paid classes or seek their own profit so we have to be careful. Your suggestion is good, for newbies it is better to choose good friends who are willing to share knowledge or become mentors. because in investment and trading requires knowledge and skills, this is something that is difficult and cannot be mastered quickly.

And if there are no friends for that - you should just stick to free materials that won't incentivize additional costs for them.
Otherwise, you may lose your funds for nothing, basically.

[ajiz138]

Especially if they are beginners who still do not have a broad understanding of this space, be it investment or trading. If possible, they can ask for help from friends or people they know who have entered this space before.

Don't let them move alone or they have the wrong influencer. Because many influencers now only think about their own profits. Usually they will open some kind of paid class that has no direction.

Most influencers open paid classes or seek their own profit so we have to be careful. Your suggestion is good, for newbies it is better to choose good friends who are willing to share knowledge or become mentors. because in investment and trading requires knowledge and skills, this is something that is difficult and cannot be mastered quickly.

It will not be easy to find such friends, who are ready to guide beginners, but I think most of us here will be very willing to help them when they come to us, not to be teachers but to share our experiences and knowledge.

You are right, this is not usually mastered in a very fast time, so patience is needed. When beginners are impatient and they do not have friends to ask or share experiences with, then they will give up faster in my opinion.

[dekafee79]

Especially if they are beginners who still do not have a broad understanding of this space, be it investment or trading. If possible, they can ask for help from friends or people they know who have entered this space before.

Don't let them move alone or they have the wrong influencer. Because many influencers now only think about their own profits. Usually they will open some kind of paid class that has no direction.

Most influencers open paid classes or seek their own profit so we have to be careful. Your suggestion is good, for newbies it is better to choose good friends who are willing to share knowledge or become mentors. because in investment and trading requires knowledge and skills, this is something that is difficult and cannot be mastered quickly.

It will not be easy to find such friends, who are ready to guide beginners, but I think most of us here will be very willing to help them when they come to us, not to be teachers but to share our experiences and knowledge.

You are right, this is not usually mastered in a very fast time, so patience is needed. When beginners are impatient and they do not have friends to ask or share experiences with, then they will give up faster in my opinion.

Actually, newbies can learn from many things that they can get from this forum, they can ask seniors here and get knowledge and experience from them. I see many senior members who want to share knowledge and experience here, so as newbies must be more active in asking and learning.

[kai]

If for trusted coins like Bitcoin or Ethereum, the right answer is definitely "HODL", but in fact, many of them choose other altcoins to seek profit in the short term. As far as I know, HODL is for the long term and it is appropriate for Bitcoin and Ethereum to be HOLD in the long term.
If for altcoins, especially those altcoins that are below the 100 Coinmarketcap ranking, after being bought and then the price increases and is profitable, they will immediately be sold, maybe they have the same thoughts as me because they are afraid that the altcoins will fall again and even be worthless at some point in the future.

[Woodie]

As far as the halving goes, it's effects are not immediate and we have to wait for a couple of months before holders get to benefit from this.

And at this point am starting to think the more institutional money comes into crypto, the more likely it's going to slow down it's growth because this money comes with so much manipulation in trying to get cheap coins from weak hands so not sure if holding is lucrative enough as an investment strategy because ROI Vs the time one has to hodl doesn't correlate.

[ajiz138]

It will not be easy to find such friends, who are ready to guide beginners, but I think most of us here will be very willing to help them when they come to us, not to be teachers but to share our experiences and knowledge.

You are right, this is not usually mastered in a very fast time, so patience is needed. When beginners are impatient and they do not have friends to aences with, then they will give up faster in my opinion.

Actually, newbies can learn from many things that they can get from this forum, they can ask seniors here and get knowledge and experience from them. I see many senior members who want to share knowledge and experience here, so as newbies must be more active in asking and learning.

Well, don't be shy to ask rather than having to get a bitter experience later. I would appreciate people who want to ask, because that way we can judge that their curiosity is very high.

Even those of us who have been here before also often ask if there is something we don't understand, because there will always be something new in this room, that's why we are required to continue learning.

[DiagoRass]

When it comes to crypto, just hold your crypto investments with patience. the one who invested bitcoin in 2013, they are become millionaire now. we have to wait to grab the wonderful. 

[satpol_PP]

It will not be easy to find such friends, who are ready to guide beginners, but I think most of us here will be very willing to help them when they come to us, not to be teachers but to share our experiences and knowledge.

You are right, this is not usually mastered in a very fast time, so patience is needed. When beginners are impatient and they do not have friends to aences with, then they will give up faster in my opinion.

Actually, newbies can learn from many things that they can get from this forum, they can ask seniors here and get knowledge and experience from them. I see many senior members who want to share knowledge and experience here, so as newbies must be more active in asking and learning.

Well, don't be shy to ask rather than having to get a bitter experience later. I would appreciate people who want to ask, because that way we can judge that their curiosity is very high.

Even those of us who have been here before also often ask if there is something we don't understand, because there will always be something new in this room, that's why we are required to continue learning.

If we don't understand, we should ask and open a thread here, but most people are embarrassed to do that, especially newbies. because many people can get knowledge and experience in crypto forums, I also first learned crypto in forums and read everyone's experiences until I can survive until today.