Topic: are you a long time hodler? - page 2. (Read 278 times)
Majority of the cryptocurrency users prefer to be long term hodlers, but the same isn't achieved in reality. Most of the time people cash out bitcoin to meet-up unexpected needs of the family. What for an user holds is mostly to enjoy the growth out of the investment. Some just keep it safe and take it only when the target price is reached. Common kind of gamblers keep on getting into different forms of trading to increase the portfolio. This is the best way and my long time holding in these days doesn't last more than two or three months.
as a fellow bitcoin investor, what strategies have you found to be most effective, to maximizing your returns while minimizing risk?
Just HODL.do you prefer to hold bitcoin for the long term or you actively trade based on market trends?
And I have chosen to be a long term holding because I have done it myself and experienced how it's easy to make money through just holding. At least for those who have experienced holding, it's easy but for those that lack experience then it means that it's not.and what resources or tools do you use to stay updated on the latest news and analysis related to bitcoin and other cryptocurrencies?(or you does not care about most of the news)
The typical crypto news articles and websites are enough and the forum as a resource for it is more than enough. You can browse everyday or register to the newsletters of those websites if you want to.do you prefer to hold bitcoin for the long term or you actively trade based on market trends?
I used to trade Bitcoin but find out it was not worth my time. Unless you are a full-time trader, you should not take the decision of bitcoin trading. You have to spend enough time in order to make a profit out of trading, plus good knowledge of technical reading. I prefer holding bitcoin for a long time, from my point of view, it is more comfortable for me to hold bitcoin. For me holding bitcoin is less stressful and less risky.
as a fellow bitcoin investor, what strategies have you found to be most effective, to maximizing your returns while minimizing risk?
do you prefer to hold bitcoin for the long term or you actively trade based on market trends?
and what resources or tools do you use to stay updated on the latest news and analysis related to bitcoin and other cryptocurrencies?(or you does not care about most of the news)
do you prefer to hold bitcoin for the long term or you actively trade based on market trends?
and what resources or tools do you use to stay updated on the latest news and analysis related to bitcoin and other cryptocurrencies?(or you does not care about most of the news)
Since my budget is limited and don't have 7 digits figures in cash I don't do long term hold since can't afford to do it. But if you multiply the earnings you can get by holding or trading I can say its the same so, but you just need to be consistent then not to be so greedy to take more challenge in the market to assure you can gain.
So think about this if you can hodl then might be good for you but if not then try to venture with frequently trading or find some investment that can generate you a good ROI.
I am not a day trader and consider trading a passive activity since it is not productive. Just like when you play a game or participate in a contest. The only investment, in my opinion, is the long holding of Bitcoin, since it is the safest asset and since I consider it undervalued. Maybe I'll get rich when Bitcoin becomes a million dollars since I don't hold much of it.
Trading can be likened to gambling, not investing.
One thing about day trading is knowing the right time to buy and the right time to sell, because you might have some volume of BTC and when you see a higher price, you might be tempted to sell with the hope of buying back when the price drops, but you might end up seeing it hit an all-time high.
So just trade with a strategy that favors you; what favors me might not be what will work for you.
Unfortunately, it cannot be recognized that there is any strategy that can be considered safe for success. The summary of what is happening is that predictions are based on luck, and everyone has their own way of formulating those predictions. If this prediction works for me, it probably isn't right for you, and it doesn't mean it will always work.So just trade with a strategy that favors you; what favors me might not be what will work for you.
Trading can be likened to gambling, not investing.
as a fellow bitcoin investor, what strategies have you found to be most effective, to maximizing your returns while minimizing risk?
do you prefer to hold bitcoin for the long term or you actively trade based on market trends?
Holding is the easiest way to do in minimizing the risk. Like if you buy Bitcoin during the bear season, hold and wait for the next bull run - you are actually eliminating stress in your mind. It was not difficult as many people are saying if you are really committed to doing that and becoming certain of your goal.do you prefer to hold bitcoin for the long term or you actively trade based on market trends?
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and what resources or tools do you use to stay updated on the latest news and analysis related to bitcoin and other cryptocurrencies?(or you does not care about most of the news)
What I did is only check on the coinmarketcap to keep updated but never I check this daily as it will bother me when I saw drops. Weekly is good enough at least we are aware of the situation and besides, we are long-term holding. 
Yes I am holding for long and I have bitcoin I have already kept safe for my long term holding and some for emergency as well. I had to do this because of my experience sometimes last month which I learnt something from. So after that occurrence, I had to do it these three ways; to separate my Long term holding, my emergency savings and trading so as not to interfare with any of them in any situation. I trade on daily basis with my trading account so I collect my profit as it pleases me to do.
People trading techniques varies so their time of trading too.
People trading techniques varies so their time of trading too.
I had always intended to hold bitcoin for a very long time, but due to the constant ups and downs in price, I chose to use the DCA strategy so that I could gradually reap the rewards until the price of bitcoin began to soar.
The candlelight of crypto is about to shine. Bitcoin price is around $29,127 now. It appears as the $30k price speculated by many will happen very soon. I will begin to hodl bitcoin more and then minimize my DCA strategy
The candlelight of crypto is about to shine. Bitcoin price is around $29,127 now. It appears as the $30k price speculated by many will happen very soon. I will begin to hodl bitcoin more and then minimize my DCA strategy
do you prefer to hold bitcoin for the long term or you actively trade based on market trends?
Those who invested in Bitcoin at that time and decided to hold it for a long time now have the opportunity to double their profits. Moreover, in the coming halving years, if Bitcoin surpasses the highest market in 2021, then unimaginable profits will come to those who invest and store it at the present time.
as a fellow bitcoin investor, what strategies have you found to be most effective, to maximizing your returns while minimizing risk?
My effective strategy is to do DCA every week and this does not maximize profits in the short term because I don't day trade to make profits but it is enough for me to hoard more bitcoins and minimize risk more because I will wait for the right momentum to strike sell it later.do you prefer to hold bitcoin for the long term or you actively trade based on market trends?
Currently prefer long-term projects with bitcoin rather than trading, but it depends on us doing if the trade generates a sizable profit why don't you do it?Only now more focus on bitcoin as a Holder.
and what resources or tools do you use to stay updated on the latest news and analysis related to bitcoin and other cryptocurrencies?(or you does not care about most of the news)
You have posted about this in other threads, and others have answered about the latest crypto news tools.I forgot about that site in which we can see all latest news at one platform
I'm a hodler. I used to trade...
to be honest, I used to trade alcoins in the ICO era, then invest in altcoins for longer term, mainly ETH and Cardano, then I became more of a bitcoin maximalist.
Now I'm a hodler. I don't trade anymore. I have some of the altcoins that I used to trade in 2019 but I got rid of most of it and turned it into bitcoin. I don't use many resources or tools to stay updated. This forum is usually enough, but I read some outlets or watch youtube channels like the daily hodl from time to time.
I think that holding is much better if you don't have time to monitor the price. If you're unemployed, by all means, turn to trading. If you have a job, don't undermine it by staying up at night watching bitcoin charts.
to be honest, I used to trade alcoins in the ICO era, then invest in altcoins for longer term, mainly ETH and Cardano, then I became more of a bitcoin maximalist.
Now I'm a hodler. I don't trade anymore. I have some of the altcoins that I used to trade in 2019 but I got rid of most of it and turned it into bitcoin. I don't use many resources or tools to stay updated. This forum is usually enough, but I read some outlets or watch youtube channels like the daily hodl from time to time.
I think that holding is much better if you don't have time to monitor the price. If you're unemployed, by all means, turn to trading. If you have a job, don't undermine it by staying up at night watching bitcoin charts.
My only strategie is to DCA and hodl! And only Bitcoin. No more no less!
There is no point, in my point of view to be stressing with trading neither with Bitcoin nor any other shitcoin.
Around 5 years ago when I started, yes, I tried trading shitcoins, but I have no time to pay too much attention to charts, so I quickly acknowledge that that was not for me at all!
I usually put a side a couple of shiat coins per month and buy Bitcoin and let it rest!
There is no point, in my point of view to be stressing with trading neither with Bitcoin nor any other shitcoin.
Around 5 years ago when I started, yes, I tried trading shitcoins, but I have no time to pay too much attention to charts, so I quickly acknowledge that that was not for me at all!
I usually put a side a couple of shiat coins per month and buy Bitcoin and let it rest!
The most effective trading strategy can vary from person to person as each individual may have their own unique approach. The holding period for trades may also differ based on personal preferences. Personally, I tend to adjust my holding period based on market volatility and take advantage of fluctuations. However, my primary goal is to increase my portfolio through active trading
Yes, I'm a long-term holder and am also a day trader. I have a few bitcoins that I have purchased and stored somewhere, which I gift to myself as birthday gifts and have decided to hold onto for so long that I don't even know when I will ever decide to sell them off, maybe after my first child is born, or when bitcoin will actually turn $100-$300k. 😉
One thing about day trading is knowing the right time to buy and the right time to sell, because you might have some volume of BTC and when you see a higher price, you might be tempted to sell with the hope of buying back when the price drops, but you might end up seeing it hit an all-time high.
So just trade with a strategy that favors you; what favors me might not be what will work for you.
One thing about day trading is knowing the right time to buy and the right time to sell, because you might have some volume of BTC and when you see a higher price, you might be tempted to sell with the hope of buying back when the price drops, but you might end up seeing it hit an all-time high.
So just trade with a strategy that favors you; what favors me might not be what will work for you.
as a fellow bitcoin investor, what strategies have you found to be most effective, to maximizing your returns while minimizing risk?
do you prefer to hold bitcoin for the long term or you actively trade based on market trends?
and what resources or tools do you use to stay updated on the latest news and analysis related to bitcoin and other cryptocurrencies?(or you does not care about most of the news)
do you prefer to hold bitcoin for the long term or you actively trade based on market trends?
and what resources or tools do you use to stay updated on the latest news and analysis related to bitcoin and other cryptocurrencies?(or you does not care about most of the news)
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