all 11 comments

[–]SammyTheCrab99 18 points19 points  (4 children)

I wait until it’s reached all time highs. Then don’t sell. Then regret that decision. Then convince myself it’s a long term hold. Then wait two years.

I anticipate I’ll do the same should the cycle repeat.

[–]Coughlan123 4 points5 points  (0 children)

Your are not alone 👍 I use the same strategy.

[–]buttcoin_lolMoon 1 point2 points  (1 child)

I want to subscribe to your newsletter

[–]partialenlightenment 1 point2 points  (0 children)

Genuinely underrated comment, actually laughed!

[–]cointalkz2 - 3 years account age. -25 - 25 comment karma. 1 point2 points  (0 children)

This hurts me

[–]YoldarkEthereum fan 0 points1 point  (0 children)

4000€ and i sell. I will keep eating pasta to have the possibility to reach that point and/or making opportunities to buy more (like in the beginning of January 2020).

[–]inspiredcrypto 0 points1 point  (0 children)

The only sell strategy that makes sense is a combination of figuring price minus value, also considering other opportunities you have for the money and overall asset allocation and balance. Anything else, particularly ideas like “sell at $x or made y%” are obviously ways to get taken advantage of by the market, unless you are lucky

[–]redditor_since_2005 0 points1 point  (0 children)

I have 90% in HODL for a decade and 10% sloshing around ready to pounce. I buy after a dip and put a sell order for maybe +15% of the buy price.

Could take a day or a month to turn around, who knows. No idea if this is a good strategy but it's mostly working. Better return than the banks and I feel like I'm doing something. HODL is stressful.

[–]r00tus3r 0 points1 point  (0 children)

Make plans to sell, then never do it because the amount "isn't life changing".

[–]ChamberofSarcasm 0 points1 point  (0 children)

If you're a newb, start small. Take whatever you see as a small amount of money, and cut it in half, because you will get pulled in by people making money, or saying they're making money, or pumping projects (not here, but in the space), etc. FOMO is very, very real, especially when people look at 2017 and think "ETH was $1400 back then, that's 1/10 of what it is now. I should throw my whole savings at it."

Just do a lot of reading, watch reddit for good info and look out for scams and pump groups. Be wary of the rush that comes if you see your position appreciate.

To answer your question: it depends.

If you're an investor/hodler: If you believe ETH (or any asset) has serious potential, the best thing you can do is check on the price once every 3 months. But you should be planning to hold it for years, like a stock. You can set a stop loss really low, at a price where you believe it can never recover from (although with Crypto, that can be like 80% down). If you sell at the first sign of a downtrend, you will probably misjudge a downtrend and watch it go up. I just did that with ETC.

If you're a trader: then you can learn about risk %. There's an excellent, excellent YouTUbe channel called "CryptoCred" that teaches about risk, and gives you all the math to determine how much you should let a price dip before you sell. I can't recommend it enough.

I have learned you should take profits on the way up, instead of waiting for some magic number to sell everything. So I sell a bit when it hits 10-15%, a bit at like 20, and save a little for the moon.

[–]AdmirnistratorRedditor for 324 months. -1 points0 points  (0 children)

Strategy is to HODL. Wait until the US allows paying taxes in DAI. Then sell 50%.