Topic: Are we all fools on believing the word "HOLD"? - page 13. (Read 5735 times)
There are phases in market for each currency. Accumulation, Advancing, Distribution and Declining. If you couldn't cashed out and exit during the first 3 phases, then you have to be a long term holder
I am still holding at a big loss but at the same time I am still hopeful one day my dreams will come into reality.
Maybe your dreams come true if new investors popup in the crypto markets which was happened in 2018 and buy at high price to pump your portfolio's coin, IMO. Also, every altcoins are shitcoins except bitcoin and top altcoins which have real use-case. Every altcoins just pump because of hype. For an example, defi hype was at top in this year and now it's gone, but nft takes its place.
In 2018 I held tokens, I didn't sell them and i lost 20k euros.
last year I sold tokens Swisborg - 18k, received 200 euros for them, today they cost 1200 euros.
If I could see the future.
How can I guess ?
I think you should keep abreast of the project. Starting from following telegram groups and following their social media accounts because they usually announce good news on social media.last year I sold tokens Swisborg - 18k, received 200 euros for them, today they cost 1200 euros.
If I could see the future.
How can I guess ?
Don't forget to also follow other Crypto developments. so don't just guess.
I follow, but there are projects that you don't believe in and you stop following their news.
And then suddenly a surprise comes, your tokens could have made you rich, but you no longer have them
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Now many projects use the stake system to encourage the users to hold their tokens and not to sell the tokens. This is the article about different staking systems and reward for holding tokens https://medium.com/bonfiorg/introducing-bonfi-web-staking-7368467d18cc
The long you hold money the more reward you have.
This approach is reasonable, it is interesting for both the developer and those who invested in the project. Developers may not be afraid that their coin will be sold in large quantities, and investors have a stable and passive profit.
Only two out of ten coins will worth the wait if you plan to hold for years, many new projects will have very good start and at one time they will have good value too but as time goes on they will fade into the shadows and lose value in the process, just because Ethereum was once 50$ and now 380$ doesn't mean all coins will worth the same 10 years later, holding coins is a bigger risk
No, of course holding has great advantage in my own opinion. However, holding will depend on the market of cryptocurrency if market like now which having bitcoin to 11k and still market constantly goes high then I think it is an option already whether to hold or not.
As long as you have made a good buy when market was crashing or has a deep dip in terms of market price then earning may means of selling as of the current market. This is why the word HODL could optionally applied but if you are greedy and thinking that there might be bullish in bitcoin market price and it happens that you are right meaning you will have to receive big profit after you will sell your bitcoin or crypto.
As long as you have made a good buy when market was crashing or has a deep dip in terms of market price then earning may means of selling as of the current market. This is why the word HODL could optionally applied but if you are greedy and thinking that there might be bullish in bitcoin market price and it happens that you are right meaning you will have to receive big profit after you will sell your bitcoin or crypto.
I think that here everyone should do their own deep research into the tokens that you are going to keep for a long time. All the tokens that I had in 2017 are no longer worth anything, although in the medium term they could reach $ 2000-3000. Therefore, I consider only the medium-term outlook for altcoins (up to a year).
No one would hold that long if they are not convince about the future of the coin, thing is, during the year 2017 everything is worth as there was a hype of the ICO, but unfortunately, things have change when the correction started and that made most coins struggle, and actually even the popular coins now like ETH and BNB have struggled that time especially the ETH as it has yet to recover from its ATH. 
I think that here everyone should do their own deep research into the tokens that you are going to keep for a long time. All the tokens that I had in 2017 are no longer worth anything, although in the medium term they could reach $ 2000-3000. Therefore, I consider only the medium-term outlook for altcoins (up to a year).
It is better to hold back than to sell the coins you have when they are worthless. Better to hold it until the price is much higher, my principle is better to hold than sell it when it's worthless. if there is an increase in price, you should immediately sell all the coins you have so you don't lose anymore.
Now many projects use the stake system to encourage the users to hold their tokens and not to sell the tokens. This is the article about different staking systems and reward for holding tokens https://medium.com/bonfiorg/introducing-bonfi-web-staking-7368467d18cc
The long you hold money the more reward you have.
It is better to hold back than to sell the coins you have when they are worthless. Better to hold it until the price is much higher, my principle is better to hold than sell it when it's worthless. if there is an increase in price, you should immediately sell all the coins you have so you don't lose anymore.
The problem is waiting for an increase in the price of a coin that takes a long time, unless you hold a coin that is already popular and there are many enthusiasts in the market, because from some of the examples I have seen on new coins, when the coin has decreased in price, it will it is very difficult to get back to the top even though it can happen at unexpected times. 
By the way hold some coins if not worth it if Bitcoin is not pumping up. Try to hold Bitcoin and then few other coins that have a potention to pump. But now I can't say there will be a good coins that growing up except Bitcoin and ethereum.
I don't think it's foolish to believe the word hold because the crypto market always fluctuates there are many currencies that can make a long-term investment it is better to hold it for a certain period of time and sell it without keeping it for too long as it is less likely to reduce the price. But the most profitable to hold in the crypto market takes a long time but is reliable.
Holding for short time is not recommended because cryptocurrency price is very volatile in short time range.
If we cannot afford to hold for long time, we should sell the coin when the coin price has falling at a certain point, this is to cut further loses later if the coin price keep falling.
If we cannot afford to hold for long time, we should sell the coin when the coin price has falling at a certain point, this is to cut further loses later if the coin price keep falling.
I don't think 'FOOL' is the right word here atall. HODLING is all about preferences, sometimes hodling is the best to do and sometimes it might be alittle slow as you may lose out. I think the trick is to know when and how to hodl without feeling pressured to do so.
I cant really agree with you on that because all projects are not the same and im talking about the successful ones here since we all know that most of those new project from 2years ago are scam... so to the successful project is all about risk and actually believing in the project... some of those new projects are successful and holding them might yield good profit for you while some are just wrong investment
Hodling cryptos is a good investment strategy a few years ago, yet you have to guarantee you are holding the correct coins, early adopters didn't struggle picking what to hold as around then there are just hardly any coins accessible and thee are a ton of fruitful old coin now, their prosperity were felt more during the last bull run.
Now we have to adapt to the present market landscape and if that involves day trading, then that is what you should do
Now we have to adapt to the present market landscape and if that involves day trading, then that is what you should do
I totally agree with you. When people are shouting HODL HODL, it is a trap and don't fall for it. In crypto, you can never know for sure whether the value of a coin will increase or decrease so it is better to take what you can now, than hope for something that is not certain in the future. Remember, a bird at hand is better than a thousand in the bush
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It is better to hold back than to sell the coins you have when they are worthless. Better to hold it until the price is much higher, my principle is better to hold than sell it when it's worthless. if there is an increase in price, you should immediately sell all the coins you have so you don't lose anymore.
I thought you have some bitcoins in you that you invested before. 
It's 50% greed, 50% hope.
I wonder if he will sell his coins when he got all of his investment years ago until now.
There were some disappointment to him as he did not trusted bitcoin as a good investment.
He could have huge profit from it now if he bought some and hold.
Honestly if I'm the OP, I'll sell it on my profit area, I'm fine with 50% to 200% ROI for a long term investment.
I wonder if he will sell his coins when he got all of his investment years ago until now.
There were some disappointment to him as he did not trusted bitcoin as a good investment.
He could have huge profit from it now if he bought some and hold.
Honestly if I'm the OP, I'll sell it on my profit area, I'm fine with 50% to 200% ROI for a long term investment.
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