Topic: Are we all fools on believing the word "HOLD"? - page 16. (Read 5735 times)
I see Many people believe in the word HOLD and they have to pay dearly. Cryptocurrency is a great opportunity to make a profit, but if we continue to maintain it, it will be difficult to increase profits. Must invest in various top altcoins and not focus on just one investment ..
In general, every investor has their own goals, of course they also have to understand the risks, and the floating they experience is still in my opinion, and when prices rise they profit, then holding back profits is a challenge for investors again, is it enough or waiting for the target any higher?
Almost everything in life has a price to be bought or sold. This rule also applies to cryptocurrencies. Therefore, holding any coin for nothing can be a waste of time and you may miss many opportunities during that time.
So, holding could give us advantage or disadvantage.
Most times the coins we complain of is altcoins. It is not all altcoin that is good for hodl. You try to avoid shit coins because they look good when pumped but when the whales drops theirs, you see the altcoin crash to a level you will be discouraged and not to sell. That coin can stay down below your buy price for more years that it was released. It is just a risk to hodl altcoins.
Is NXPS still even operating? I thought it had been delisted in several exchanges already due to its stagnant progress. Defi Projects are the ones that are worth holding for long term investments I guess due to its limited supplies and some other features that the traditional platform can't offer. With increasing numbers of defi projects coming out almost everyday with innovative ideas and benefits it surely make it more valuable in a long run.
For me, i think holding tokens or coins could've give us advantage and also disadvantage, the advantage is it would help us to be patient and wait until our profit meets our demand to sell what we hold. But the disadvantage part is that we ought to gain more and it's the reason for still continuously holding and time comes to worst that until we can't gain profit anymore. So, holding could give us advantage or disadvantage.
I like to share my story being a crypto enthusiast, a trader and an investor at the same time.
I started in this forum in year 2015 when altcoins are still a good investment and Binance is still not the most popular exchange in the market.
I trade with Poloniex most of the time, sometimes I trade with Bittrex but then I realize that I am not so profitable with trading since I cannot focus on it due to the reason that i have a day job to prioritize.
Therefore, I started to invest for long term and I was entice by how the market moves and I was so optimistic that long term could really change my life.
So to make the story short, I invested with different altcoins and have help it until now.
Now, when the bull run comes, I still couldn't sell right away as I was getting greedy thinking I could earn more when I still hold.
of course, who would not HODL when all your friends in the group chat are also doing the same, even if the price rise high already, they are still saying HODL, and I really do it, and just sell a small portion of my investment to reward myself temporarily was I was into a big goal with my remaining investment.
And then, the correction comes started in year 2018, and I still didn't panic, continue to hold and even accumulate a bit when I see price has really dump a lot, just imagine ETH drop 10 times, so its really cheap and really tempting for any investors. So here I am now, 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.
So top 10 of my portfolio consist of the following based on my blockfolio.
1) Atlant
2) Edgeless
3) Centra
4) Humaniq
5) Matchpool
6) Lunyr
7) KIN
8.) FUEL
9) SONM
10)NPXS
Please tell me if I should still expect I will be profitable or just give up now already.
I started in this forum in year 2015 when altcoins are still a good investment and Binance is still not the most popular exchange in the market.
I trade with Poloniex most of the time, sometimes I trade with Bittrex but then I realize that I am not so profitable with trading since I cannot focus on it due to the reason that i have a day job to prioritize.
Therefore, I started to invest for long term and I was entice by how the market moves and I was so optimistic that long term could really change my life.
So to make the story short, I invested with different altcoins and have help it until now.
Now, when the bull run comes, I still couldn't sell right away as I was getting greedy thinking I could earn more when I still hold.
of course, who would not HODL when all your friends in the group chat are also doing the same, even if the price rise high already, they are still saying HODL, and I really do it, and just sell a small portion of my investment to reward myself temporarily was I was into a big goal with my remaining investment.
And then, the correction comes started in year 2018, and I still didn't panic, continue to hold and even accumulate a bit when I see price has really dump a lot, just imagine ETH drop 10 times, so its really cheap and really tempting for any investors. So here I am now, 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.
So top 10 of my portfolio consist of the following based on my blockfolio.
1) Atlant
2) Edgeless
3) Centra
4) Humaniq
5) Matchpool
6) Lunyr
7) KIN
8.) FUEL
9) SONM
10)NPXS
Please tell me if I should still expect I will be profitable or just give up now already.
To begin with, you are not a fool for believing the word HOLD (or HODL) but before thinking of Holding any coin there is need to be selective on the type of coins, those holding Bitcoin or Ethereum will hardly complain, regret or think of selling at loss. This is because, most coins today are not worthy to be held for long term, thus once someone sees a good price, just sell off and move on. Also, most coins which were created before now, or let me say 2018 are no where to found now, now imagine someone who bought such coins. Additionally, some of the coins you listed are hardly heard of, at least in my own understanding.
Therefore, my own opinion is this, check those whose team are still very much active, check their development plans and know when to sell and for those whose team aren't serious sell off all and hold Bitcoin or Ethereum.
Also, from another angle, some of those coins or all of them might not reach their All Time High (ATH) again or anything close to it, so you will still weigh your losses, check your options and move on.
I agree with the statement that long-term holding of our cryptocurrencies in most cases turned out to be not a profitable process. The high price of coins or tokens occurs only for a short time, after which the opportunity to trade them profitably disappears for a long time. Therefore, at least periodic trading in our cryptocurrency assets turned out to be the most profitable. However, in this case, you need to constantly monitor price movements in the market, study it, and not all have time for this. Therefore, we all have to independently choose our tactics and strategy in relation to cryptocurrency.
It is not the HODL thing that makes things problematic here but it is "Your Attitude of being Greedy" you have not contented in Good profit that the altcoin season brings you in 2017-2018 instead you desire more and more.
Exactly, its not wrong to hold if that's what you believe the best strategy to gain more profit. But if you're holding despite the price is already acceptable to take profit then its your choice and decision to keep holding.The strategy of holding is not for everyone who dont have patience to wait for the right time to sell. Plus this is only applicable for established coins that are unlikely to be delisted in exchanges.
I believe the term is HODL, but yes HODL'ing is crazy if you arent part of the original team, and know nothing more about the project then what you are getting fed by a bunch of guys telling you to HODL.
I have read from someone who said HODL on this forum, that person was drunk so he typed the sentence hold into hodl, and back then it was not from the team name, but if currently hold is used as a team name in cryptocurrency maybe it could be.HODL has deeper meaning than hold, that means "hold on for dear life", so you can't call it greediness when such person hold that long as he was just living according to its meaning. https://www.investopedia.com/terms/h/hodl.asp
Let's just say sometimes we make bad decision and holding too could be a bad decision only if we can't continue to hold and we can't see based on our expected value.
I believe the term is HODL, but yes HODL'ing is crazy if you arent part of the original team, and know nothing more about the project then what you are getting fed by a bunch of guys telling you to HODL.
I have read from someone who said HODL on this forum, that person was drunk so he typed the sentence hold into hodl, and back then it was not from the team name, but if currently hold is used as a team name in cryptocurrency maybe it could be.
I believe the term is HODL, but yes HODL'ing is crazy if you arent part of the original team, and know nothing more about the project then what you are getting fed by a bunch of guys telling you to HODL.
It is not the HODL thing that makes things problematic here but it is "Your Attitude of being Greedy" you have not contented in Good profit that the altcoin season brings you in 2017-2018 instead you desire more and more.
Exactly, its not wrong to hold if that's what you believe the best strategy to gain more profit. But if you're holding despite the price is already acceptable to take profit then its your choice and decision to keep holding.The strategy of holding is not for everyone who dont have patience to wait for the right time to sell. Plus this is only applicable for established coins that are unlikely to be delisted in exchanges.
It is not the HODL thing that makes things problematic here but it is "Your Attitude of being Greedy" you have not contented in Good profit that the altcoin season brings you in 2017-2018 instead you desire more and more.
Having those decision now you are asking the forum what to do?
Best for you to Wait more since you have no option for this moment unless you are willing to sell at losses?
this serves you a learning that once you made at least 20-40% sell it our or wait for another long years like what had happen to you.
Having those decision now you are asking the forum what to do?
Best for you to Wait more since you have no option for this moment unless you are willing to sell at losses?
this serves you a learning that once you made at least 20-40% sell it our or wait for another long years like what had happen to you.
If u were holding BTC or ETH then it could potentialy become profitable but with coins as these i would't try anymore still it's ur decision to make either stay till it dies or jump of before its to late
It depends on what coins you hold and if you have done basic research on the tokens before buying into them.
If the investment is a speculative investment the I would say better not hold and sell at a profit. But if you have done research and following the project regularly then makes all the sense to hold.
Playing long term and short term each has its own art. only certain people are able to run it. My opinion for the present, if your coin/token has potential and has the right price you should just Sell.
All back to you. If you are working not only in the crypto world, yes you better hold the coin because now the price of the coin you hold has dropped. Who knows from that coin there’s one that’s back up.
But it’s different if you’re earning only on crypto and you’re not sure about the coins you still hold this time, it’s better to sell them, before they become worthless and no one is interested in buying them anymore. Obviously the coin has declined in demand, and if you keep hold of it, it will turn ash.
And now a lot of hype coins from De-Fi have sprung up.
But it’s different if you’re earning only on crypto and you’re not sure about the coins you still hold this time, it’s better to sell them, before they become worthless and no one is interested in buying them anymore. Obviously the coin has declined in demand, and if you keep hold of it, it will turn ash.
And now a lot of hype coins from De-Fi have sprung up.
It's almost a year and still holding, why? no chance to sell at a reasonable price.
Will the time I'm hoping will still come into reality?
Altcoins had a small run but seems like my coins are now beaten by the hype of the De-Fi.
Will the time I'm hoping will still come into reality?
Altcoins had a small run but seems like my coins are now beaten by the hype of the De-Fi.
The thing is that there are people who are too hopeful without realizing that they are living already in a fantasy. The movement of the price way back 2017 is very unusual in a sense that the price had rose so high that it became suspicious and I’ve been telling my friend to sell it when the price had touched around $20000 but he had been blinded by the excessive hype and FOMO due to some speculations that it would rose even higher or that it would be the new floor but everyone who had enough time spent in the cryptoworld know about he price correction.
Agree, many people live in the 2017 era too long, they blindly believe in the future of many cryptocurrencies and the result they received was that these cryptocurrencies betrayed their trust, they were not stupid, they are just too greedy and don't keep up to date with the market, they follow the trend but don't realize that the old trend has been replaced. But their imagination may have been broken in recent years when many potential cryptocurrencies repeatedly crumbled, their holdings have been replaced by short-term plans, no longer as stubborn as in the past. 
When you hold your coins always make sure you check market movement from time to time so that you won't miss out and OP's fault is he or she failed to sell when bullrun was alive.
True, those who like to hold tokens or coins must always check price movements in the market, because that way we will always know the prices that occur in the market and someone can also immediately take advantage of the bullrun moment. Jump to: