Are you a trader or a hodler? | Bitcointalksearch.org

Shamm

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Quote from: P2PECS on May 25, 2022, 02:45:18 AM

It is quite dishonest of you to copy that text by changing some things without citing the source:

https://breachclub.medium.com/what-to-do-in-a-dip-hodl-or-sell-63066998136

Good catch buddy now Op will know that plagiarism is prohibited from this forum and to the OP himself/herself if you copying someone text you need to cite the link of the source in order to not break the rules here in the forum. Since you are new here Op and you already know the rules you should not do it again or else you will be banned forever. Good luck to your journey Op have a good day.

Lordhermes

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Quote from: xSkylarx on June 04, 2022, 05:36:46 AM

As you gain experience in crypto, you will learn how to do both. I trade when the market is in a good sentiment but when its uncertain where it will go like what is happening now, I just hodl my crypto investments. If you have weak emotion in trading, then it's much better if you will just invest for long term coins and hodl it. It requires years of knowledge and experience just to be a profitable trader.

Trading is sometimes very good,but as a beginner,it is advisable to hodl because you might not know how the system operates yet,so anything that makes you trade,then you are bound to have emotional problems because trading is a thing of the mind,and being able to take the risk involved in loosing money. But I prefer hodling because it is safe.

xSkylarx

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As you gain experience in crypto, you will learn how to do both. I trade when the market is in a good sentiment but when its uncertain where it will go like what is happening now, I just hodl my crypto investments. If you have weak emotion in trading, then it's much better if you will just invest for long term coins and hodl it. It requires years of knowledge and experience just to be a profitable trader.

GeorgeJohn

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Quote from: SatoPrincess on May 30, 2022, 04:45:24 AM

That’s not entirely accurate, hodling and trading in this context isn’t one and the same. OP made a distinct difference between the two. Traders, spot/futures traders are constantly analyzing and monitoring market trends to draw a pattern before they can place trades. They pull out their profits when their target is met and sometimes draw their losses. Hodlers do not have to do this, they can buy at any point and decide to hodl till they feel it’s time to sell.

The similarity is not much, because when trading is actually summarizing or landing for profit generating or making, and when you hold a cryptocurrency the summary is also profit, but the difference is that trading deals with future and daily profit while holding come as a results of the acceleration of cryptocurrencies values within a space of time.. and it's very obvious that holds make ambiguous profit when they purchase lower and the market skyrocket, so that is while knowledgeable investors like to purchase cryptocurrency during dip market

Mpamaegbu

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Quote from: lovesmayfamilis on May 30, 2022, 03:11:13 AM

As a beginner, I had a bad experience and was completely disappointed with the loss of some amount.

I think it's a given with every veteran member here that we suffered losses as newbies. We've earned our stripes like soldiers and their war injuries. It's in cryptos I realized the essence of companies asking for years of experience on job spaces. It shows that an employee with a wealth of experience is always a step ahead. That's right. I know this to be true in cryptos. My advice to newbies this day, among other things, is to trust Bitcoin far ahead of whatever juicy altcoins anyone hypes. With Bitcoin, one is sure that one's investment won't disappear finally into thin air. Bitcoin can dip, no doubt, but there's every proof that it will spring back to life.

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Quote from: Beparanf on May 29, 2022, 09:53:33 AM

Being trader and holder depends on token that you want to purchase and your goal when buying it. Some token takes time to get the full potential for profit while there's some coin that is good for trading for short term because it just hype. There's no such thing as a trader and holder type since this can be available on same person. It just shift whenever what's his goal when purchasing the tokens that he like.

Do everything you find comfortable and able to do. All can be trained but sometimes people choose the one that they find most profitable. I did both because I considered both to be profitable. Traders for the short term and holders for the long term. But being a holder and trader takes practice, no one is an expert trader and holder in just one week.

cygan

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Quote from: Pmalek on May 30, 2022, 08:20:25 AM

Quote from: Altryist on May 26, 2022, 01:16:22 PM

You may think that if you spent more time trading, your results would be better, but this is easy to verify. Give yourself some time, take a few days and just try trading. Most people will find that this will not make much of a difference to their trading results.

I would really like to divert people from (day) trading cryptocurrencies if they don't know what they are doing. It's a receipt for disaster. When the markets are in the green, it looks easy, so you might get greedy and overdo it thinking you have perfected a new skill. But when the uptrend stops, many profits will turn into losses and bigger losses trying to chase the old ones. Just because something is available to random people, random people don't need to use it. A professional trader is exactly that. A professional educated for such activities. Someone with years of experience studying and analyzing different markets.

@Pmalek i completely agree with you ... this daytrading can almost be compared to stealing. you succeed 2-3 times but the next and fourth time you get the big crash and make big losses or get caught stealing and everything was in vain.
but all this is also in the nature of humans ... there is a saying in germany: 'greed eats brain' Grin

Pmalek

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Quote from: Altryist on May 26, 2022, 01:16:22 PM

You may think that if you spent more time trading, your results would be better, but this is easy to verify. Give yourself some time, take a few days and just try trading. Most people will find that this will not make much of a difference to their trading results.

I would really like to divert people from (day) trading cryptocurrencies if they don't know what they are doing. It's a receipt for disaster. When the markets are in the green, it looks easy, so you might get greedy and overdo it thinking you have perfected a new skill. But when the uptrend stops, many profits will turn into losses and bigger losses trying to chase the old ones. Just because something is available to random people, random people don't need to use it. A professional trader is exactly that. A professional educated for such activities. Someone with years of experience studying and analyzing different markets.

Ziskinberg

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Quote from: Beparanf on May 29, 2022, 09:53:33 AM

Being trader and holder depends on token that you want to purchase and your goal when buying it. Some token takes time to get the full potential for profit while there's some coin that is good for trading for short term because it just hype. There's no such thing as a trader and holder type since this can be available on same person. It just shift whenever what's his goal when purchasing the tokens that he like.

If we expect profitable results whether it was holding or trading, then we have to choose coins that have such quality. And not only that, we have to choose which one we know that we can perform well as this is also a huge factor affecting the outcomes. Although I was in trading I know that holding seems to be the best strategy for me to earn money from crypto, with less risk, and less hassle, unlike trading where we could really expect more losses rather than making a profit.

Asiska02

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There’s time for everything. Sometimes am a holder and sometimes a trader. This all depends on the market at that time. I prefer to hold for a long time because of the profit that comes with it when you know how the market works perfectly. These can also be risky as some coin will lose value and never regain its value back again, after a long hold you’ll at the end of the day just sell it at a very cheap price and take the loss eventually. Trading brings profit too even though is not much as that of you holding a coin for a long time and waiting for it to multiply in value. At least the loss encountered in holding for long is not always the same as for trading, you loss little or none when you’re a trader but the profit is not always guaranteed to be much.

SatoPrincess

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Quote from: GeorgeJohn on May 28, 2022, 10:33:11 PM

Quote from: Lordhermes on May 28, 2022, 03:01:53 AM

I always prefer hodling than trading because of the risks involved in trading,we understand that the both are risky,but trading is more risky than hodling.Holders only exhibit patience,since the project they invested in is a one for the future.The only good thing about trading is that it is a little bit immediate,but it requires your time to monitor how the chart is going in order to gain profit.

Both of them is same thing, and same risk is attached to same, but you will be more confident for holding than trading, because from trading you lost beyond expected and you can get or make profit beyond your expectations too, but holding, you only have one method of making progress, which is the time coins will skyrocket in the market and if it accelerate much you make nice profit and if coins are falling you can convert to stable coin. So the lost via holding is not orderly much if you observe or monitor the movement of coins

That’s not entirely accurate, hodling and trading in this context isn’t one and the same. OP made a distinct difference between the two. Traders, spot/futures traders are constantly analyzing and monitoring market trends to draw a pattern before they can place trades. They pull out their profits when their target is met and sometimes draw their losses. Hodlers do not have to do this, they can buy at any point and decide to hodl till they feel it’s time to sell.

lovesmayfamilis

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I do not trust alternative coins, no matter how promising they are. As a beginner, I had a bad experience and was completely disappointed with the loss of some amount. Therefore, I decided that trading is not my thing, and being a holder of bitcoin without worrying about its rate is preferable for me. I have a main job that allows me to not spend bitcoins, so I'm probably a hodler, and I prefer to stay with them.

Beparanf

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Being trader and holder depends on token that you want to purchase and your goal when buying it. Some token takes time to get the full potential for profit while there's some coin that is good for trading for short term because it just hype. There's no such thing as a trader and holder type since this can be available on same person. It just shift whenever what's his goal when purchasing the tokens that he like.

Luzin

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Quote from: KingsDen on May 28, 2022, 10:56:40 AM

Someone can be a holder and also a trader if I am not mistaken. Being a trader does not prevent one from being a hodler and vice versa.

I think it's the best option for those who master it. I am a trader and holder until recently. I am also like you. Perhaps not everyone has the same thoughts for certain reasons and different opinions. The most important thing to be able to do both is to understand technical, fundamental and patience. The most difficult thing is to train myself to be patient, it took me a long time to master that. To be honest, everything can be learned, but I believe everyone has different abilities so adjusting to your abilities is the best choice.

cygan

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Quote from: Despairo on May 28, 2022, 10:46:39 PM

Quote from: cygan on May 28, 2022, 03:43:37 AM

i am hodler since 2011, of course i have sold some Bitcoins to treat myself but my strategy is to continue to hodl a certain/larger bag of my BTC and to trade with a rather smaller share of Bitcoins to increase this stock at best Wink

i will never sell all my Bitcoins, i prefer to take my last BTC to the grave with me Cool

✂
Do you plan to sell almost of your coins before you have a serious disease or already become a grandfather? Perhaps you can teach your sons and let him continue to hold your coins

i will definitely share my knowledge about Bitcoin and my coins with my family/kids and help them with it too Wink

Despairo

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Quote from: cygan on May 28, 2022, 03:43:37 AM

i am hodler since 2011, of course i have sold some Bitcoins to treat myself but my strategy is to continue to hodl a certain/larger bag of my BTC and to trade with a rather smaller share of Bitcoins to increase this stock at best Wink

i will never sell all my Bitcoins, i prefer to take my last BTC to the grave with me Cool

That's an outstanding amount if you ever hold at least a BTC since 2011 and some people were regret if they ever sold their coins on the early days. However they're the one who help current Bitcoin price now, since it help a circulation and make Bitcoin is worthy. Do you plan to sell almost of your coins before you have a serious disease or already become a grandfather? Perhaps you can teach your sons and let him continue to hold your coins

GeorgeJohn

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Quote from: Lordhermes on May 28, 2022, 03:01:53 AM

I always prefer hodling than trading because of the risks involved in trading,we understand that the both are risky,but trading is more risky than hodling.Holders only exhibit patience,since the project they invested in is a one for the future.The only good thing about trading is that it is a little bit immediate,but it requires your time to monitor how the chart is going in order to gain profit.

Both of them is same thing, and same risk is attached to same, but you will be more confident for holding than trading, because from trading you lost beyond expected and you can get or make profit beyond your expectations too, but holding, you only have one method of making progress, which is the time coins will skyrocket in the market and if it accelerate much you make nice profit and if coins are falling you can convert to stable coin. So the lost via holding is not orderly much if you observe or monitor the movement of coins

Findingnemo

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Quote from: Crypt0S0ul on May 27, 2022, 08:35:42 AM

Quote from: Hypnosis00 on May 27, 2022, 08:20:38 AM

In fact, we can decide which one is profitable and must know where we are comfortable of doing our job as these all are very challenging in real life.

- trading is not for everyone and not all become profitable
- Holding is not also for everyone as this is only suitable for those who have patience

We simply don't make a decision that will compromise the future of our funds. It should be planned well. And I'm going to say that I was a holder and at the same time a trader.

You are right,

I am going to answer the Title question only.

I had no plan to Hodl any crypto or Bitcoin. I wasn't aware much about the fundamental of Bitcoin. Many local YouTubers make videos about how you can profit by doing spot trading. So I bought some BTC and some altcoins too at the peak rate. BTC was $59K when I bought it. So, I waited for profit, and it kept falling. It was just hit ATH a few days ago, so I thought $59K was a Dip. The situation is like, I bought the dip, and it keeps dipping. LOL. Now, I am a holder because that's all I can do to recover from my loss.

If I am not wrong the ATH was around $65K so you could have made decent profits if you sold at the ATH in no time but you didn't because you expected more profits. And as you said now you almost lost 50% of your capital value but still you didn't lose anything simply wait for few more years then you will be happy about buying bitcoin but next time don't enter when it is at its peak try to accumulate at the bear market then wait for the bulls to wake up.

KingsDen

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Quote from: Lordhermes on May 28, 2022, 03:01:53 AM

I always prefer hodling than trading because of the risks involved in trading,we understand that the both are risky,but trading is more risky than hodling.Holders only exhibit patience,since the project they invested in is a one for the future.The only good thing about trading is that it is a little bit immediate,but it requires your time to monitor how the chart is going in order to gain profit.

Someone can be a holder and also a trader if I am not mistaken. Being a trader does not prevent one from being a hodler and vice versa. Taking myself for instance, I hold a very few coins for a longterm and yet I enter the market looking for some hourly gains and I will exit back to stable coin.
I think doing both or atleast having the knowledge of both is a very big advantage to someone in the field of crypto.

cygan

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i am hodler since 2011, of course i have sold some Bitcoins to treat myself but my strategy is to continue to hodl a certain/larger bag of my BTC and to trade with a rather smaller share of Bitcoins to increase this stock at best Wink

i will never sell all my Bitcoins, i prefer to take my last BTC to the grave with me Cool

Topic: Are you a trader or a hodler? (Read 472 times)