RE: Blindly holding isn't a crypto strategy - you need an exit point

You are viewing a single comment's thread from:

Blindly holding isn't a crypto strategy - you need an exit point

in crypto •  7 years ago 

I hold some coins for long term, those that I believe will go higher, but I also try and exit others once I have reached my profit goal. If I do sell a long term coin it will be in small batches. That being said I have been burned in the past and I am still holding a few bags, but those are lessons learned.

crypto
7 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$0.25
  • Past Payouts $0.25
  • - Author $0.20
  • - Curators $0.05
3 votes
1
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  
  • Trending
    • [-]
      ·  7 years ago 

    I agree. Holding can be a solid part of any strategy, I just don't think it is the only strategy. I have a couple of long term bags I should have got out of ages ago - Swarm City and Basic Attention Token. Luckily they are such a small part of my portfolio I can just ride it out.

    I prefer stable coins like Bitcoin, Dash and Monero for holding long. Stable growth.

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.00
      1 vote