Topic: Are we all fools on believing the word "HOLD"? - page 3. (Read 5735 times)
Seriously I see this coin you're hodling as shitcoins. I think you got them while they where hyped, the best option is to sell when you have a profit. You need to know and go through a project before Hodling, I too have been holding some coin for long long now, like the trx, I started holding from late 2019 and still holding till date I've made and sold out some but still got cool profit. Too bad this things happens sometimes,is just the market (loss&profit).
Some holding claims are distracting while the whales and big holders are dumping. At the moment any hold beyond BTC and ETH maybe disaster because 50% of the top 100 coinmarketcap are likely to loss their position after the bear market. I will always advice a short time hold; not holding to far from the parabolic BTC market pump and altseason that comes after. We need to learn shifting position at a point and maximizing the stable coin or fiat.
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You are taking too big a risk by HODLing coins that are not top 10. Of course if the 10 coins you have are really insulted, you will get a huge profit, because some of the coins you have are new coins after ICO. And unfortunately, the ICO project on those coins ended up flawed and failed to carry out the business model according to investors' expectations, making it no longer attractive to monitor.
Of course, you will get different things if you choose top 10 coins such as BTC, ETH, XRP, LTC or even DOGE. You will get a super big profit on the investment you make.
Of course, you will get different things if you choose top 10 coins such as BTC, ETH, XRP, LTC or even DOGE. You will get a super big profit on the investment you make.
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.
Oh. So sad. What are those? I know only KIN and while I remember some of these names, these are all some obscure coins today. Maybe they were hyped early when you got them.
I know that this post is from 2019 too, and it is important to notice for any beginner that is building an altcoin portfolio.
While we have so many priced at billions of dollars market caps today, most probably they will end like all these.
There are some projects that are working, but probably just 1%. Like in the dot-com bubble way too many were just hyped and pointless.
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.
You are partly like and I have similar experience. I too have been holding some tokens that have good value in beginning and I thought their prices would go up because they seems to have huge potential but today their value has reduced to almost zero. 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.
In the other hand I am also holding eth and btc and holding them upto now has given me a lots of profit.
HODL just like a life changing term to all the crypto lovers. If anyone have continuous patience and have genuine coins/tokens holding on their wallet then there will be no time bound. HODL today, in order to secure your life later. I have been HODling for quite a while now and I'll continue this thing as long as I am in crypto.
There's nothing wrong with Hodl. it's just that we have to remember again that the core of our investing (long term and short term) is to get a profit. hodl is very important if we know when to hold our investment and be patient not to sell, but there are times when the market is good, and we get the opportunity to get maximum profit, why wait longer? even though the goal of hodl is to get maximum profit, right? do not forget the investment fundamentals to continue to prioritize profit first the holding is a strategy of the past that is no longer current and that cannot work in a bull market period, you have to review your strategy and look at the market from another angle, i would sell everything to the maximum obtainable and invest in 2 or 3 promising altcoins such as dot, bnb, cardano
Hold is always up to date. This strategy implies only profit without big risks. The strategy is simple and logical - you are looking for a strong project, invest in a growing market and wait calmly for a profit, without being distracted by corrections. In a bull market, this works very well and without big risks of losing everything.
the holding is a strategy of the past that is no longer current and that cannot work in a bull market period, you have to review your strategy and look at the market from another angle, i would sell everything to the maximum obtainable and invest in 2 or 3 promising altcoins such as dot, bnb, cardano
Anyone holding many good top ranked coins, even bought at high prices of 2017-2018, should be doing relatively fine. Cashing out a small portion after any big rise can lower risk.
I know a lot of people who bought coins at very high levels in 2018, including Bitcoin. Many of them did not believe in cryptocurrency, they came for quick earnings, but instead they suffered losses (in dollar terms). Considering that they need to save at least something, they sold their assets even before the start of the bull run. But there were also those who believed in bitcoin, those who held, and it was they who received the reward for their faith.
- This fact proves that not all holdings go foolish, mostly just the reasons and justifications of those who mistakenly handle their chances, I can even say this is a game that wins and loses based quite a bit on belief, the happiness that bitcoin has brought about is a very convincing example, too many new bosses have emerged in the footsteps of bitcoin. Unsuccessful holding occurs only when trust is lacking and its place is in the wrong place, holding is the result of the convergence of so many essences and visions, do not think too simply of this word
HODL just like a life changing term to all the crypto lovers. If anyone have continuous patience and have genuine coins/tokens holding on their wallet then there will be no time bound. HODL today, in order to secure your life later. I have been HODling for quite a while now and I'll continue this thing as long as I am in crypto.
I think before we decide to hodl something in crypto we must know about the project first, don't just blindly hold all of that. I know almost all of that coins you got from bounty, should sell it when you still have opportunity.
Assess and weight the value, if you see that there are chances that the coin will bring more development expect that there
are good opportunities that's waiting for you.
If you think that the project from the bounties are just simply pumped and dumped, best to sell and enjoy the amount that
you gain, or use it for your investment.
Holding it even we are in the bull market is a big mistake , there are many people has been experience this lost, becuase they believe that when holding it will increase its value sooner . if you are in profit already take the profit and leave dont wait for dump will happen, its better to have sure earnings than gambling it for just hoping that it will increase more .
Since when did investing in the long term become a mistake? If you plan to invest and wait, then invest and wait. If you want to fix the profit, fix it. What does the error have to do with it? Are there any rules for investing or trading in the market?there is no such rule. but sometimes people don't have the patience to wait, and they begin to conclude that waiting for long periods of time is unprofitable. hold is sometimes the easiest way to get profit. but it's hard to be patient when things get really bad. This is why many people think holding on for long periods of time is foolishness.
I think before we decide to hodl something in crypto we must know about the project first, don't just blindly hold all of that. I know almost all of that coins you got from bounty, should sell it when you still have opportunity.
Holding it even we are in the bull market is a big mistake , there are many people has been experience this lost, becuase they believe that when holding it will increase its value sooner . if you are in profit already take the profit and leave dont wait for dump will happen, its better to have sure earnings than gambling it for just hoping that it will increase more .
Since when did investing in the long term become a mistake? If you plan to invest and wait, then invest and wait. If you want to fix the profit, fix it. What does the error have to do with it? Are there any rules for investing or trading in the market? holding back for the right assets won't make us fools. but sometimes what makes us stupid is holding assets, not with good planning.
hold assets in the long run like a gamble. because we might be able to see the planning of the project. but we will not know future market conditions.
BNB holder 2-3 years ago I think is proof of the success of the patience to hold the right assets.
Is that what you think is happening here? Well I don't think so because just imagine if BNB team are not capable or maybe binance exchange team never had great team work everything would have been different for BNB and binance exchange, holding coins is like gambling that is what I believe in hold assets in the long run like a gamble. because we might be able to see the planning of the project. but we will not know future market conditions.
BNB holder 2-3 years ago I think is proof of the success of the patience to hold the right assets.
I know a lot of people who bought coins at very high levels in 2018, including Bitcoin. Many of them did not believe in cryptocurrency, they came for quick earnings, but instead they suffered losses (in dollar terms). Considering that they need to save at least something, they sold their assets even before the start of the bull run. But there were also those who believed in bitcoin, those who held, and it was they who received the reward for their faith.
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.
KIN and NPXS, these are the coins has pumped in then bull run, I hope you already enjoy the profit and you don't miss the updates especially the token swap of Pundix (old) to Pundix (new). The rest, maybe they will not pump anymore due to lack of liquidity in an exchange.
That's the thing, a bull run alone isn't enough. You need to detach yourself emotionally from the projects and pull the trigger in order to realize gains. I went through the same process and didn't sell often times when in fact it would have been the only right and rational decision. Then again if you look at BTC was it ever right so far to pull the trigger?
I don't think so, but that's why you need to have a structure according to which you manage your portfolio. And that sometimes means: sell. It also let's you sleep a whole lot better. Being all in means a lot of mental pressure. I know what I am talking about.
holding back for the right assets won't make us fools. but sometimes what makes us stupid is holding assets, not with good planning.
hold assets in the long run like a gamble. because we might be able to see the planning of the project. but we will not know future market conditions.
BNB holder 2-3 years ago I think is proof of the success of the patience to hold the right assets.
hold assets in the long run like a gamble. because we might be able to see the planning of the project. but we will not know future market conditions.
BNB holder 2-3 years ago I think is proof of the success of the patience to hold the right assets.
The problem here is not that you hold, but because market sentiment causes your greed to narrow your opportunities in this market. I also started with this field quite early as you say there are times that spend a whole day looking at the polo chart. I also used to invest in a lot of projects and hold them for a long time, but I have a simple thought, when I buy those things for a small amount of money, even if it does not work, I will be not sad. This market has given us too many opportunities so don't ask for too much more about it.
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