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

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.

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.

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.

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

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.

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.

@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'

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. 

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.

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.

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.

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.

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.

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.

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

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

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

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.

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.

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

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.

technically anyone can do it. Everyone can gain, everyone can experience loss. But not everyone can master it.

I became a trader and also concurrently a holder in certain situations.
and of course don't just believe what youtubers say, because there are a lot of gimmicks and advertisements that only benefit the youtuber himself.

Before you get enticed again by such statements, think about it — saying you can profit by doing spot trading is like saying you can win the lottery if you participate. Keyword: can. You technically can, but it doesn't necessarily mean you will.

Also, 95% of crypto-related YouTubers are slimeballs. Don't waste your precious time watching them.

But of course, you should know that people aren't free taking financial advice from newbie accounts. So, don't overthink this.

For now, Bitcoin is the only trusted crypto to do that – rebound from severe dump. Others can rely on stroke of luck.

This is word on marble

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.

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.

I would say the reality is a bit more brutal.
When you buy coins, so because of greed you don't sell them on time, you must hold them if you don't want to sell them at loss. I believe most holders of other ^{I don't want to say shit coin} coins have become so due to poor judgment and high expectations.

Actually this is good also however its your emotional that you need to conquer here. Point number 2 is a risky play as well cause the risk you derisk when you bought the top could also be a bad decision if it turns out failed. But if you trust the project then there is a chance that it could overtake the losses you lose by buying the dip you thought it was.

Cutting loss is the last resort I have if I entered on a very mid to high entry price. Well depends on the market.

I am a trader and also a holder. But I'm not a day trader because I realize I still need to learn more to analyze well. Becoming a trader or holder is not easy because they must have skills in analyzing market conditions. Meanwhile, if they decide to become a holder, they also need to learn about controlling their emotions because the price of coins in crypto will change every minute. Many people fail to become traders and holders because they didn't learn about it or manage their emotions.

It is logical that a person will not invest the last money for a long-term holding if he does not have any means of subsistence. To do this, first need to accumulate a certain amount, or set aside some amount every month. This is already a kind of investment with the expectation that in the future your investment will bring you a good profit.

I don't think holding will be forever good in certain cases especially when the holders don't have any other income that they can make each month. Trades are judged better in this case if the holder has no other source of income, but it may be better if they hold as well as trade.

So far my choice hold, hopefully it will be useful in the future. I'm not trying to be actively trading and would really like to be a long term holder. There's definitely a target I want to hit although I don't completely ignore trading.

For most people, simply holding their coins is a more profitable strategy. 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. Time devoted to any business is a very important point, but in addition to free time, knowledge and practice are needed.

Compared to bitcoin, ethereum is far more adopted by retail than institutions. Presumably due to bitcoin having a stable and predictable supply issuance, compared to ethereum's which is mostly dependent on usage. Being heavily adopted by retail being better vs being adopted by institutions is totally objective, but keep your facts straight.

Well, I can be both...I do trading for quite sometimes but I can be a holder, especially during the bear season. But what I think is that I be a better holder rather than being a good trader. Yeah, I often lose not because I have no knowledge and skill ins trading but because I don't have much time to focus on trading due to some reasons.

But what I've noticed is that I was able to make more money from just holding than do trading.

It is important to think of what you're going to hold. It's not just all about HODLING but also your choice as a holder.

You may come up with the idea of holding and then you're holding nonsense altcoins and these cryptocurrencies are like your baghold for which you're thinking that you'll be rich someday.

Not going to pop the balloon but that's becoming the common mindset of many investors and holders, I'd say that it's a bad idea but still need to apply research and understanding towards the market and the project/token you'll hold.

I really do not understand the part of the world were people will copy a whole bunch of text or article and pass it on as theirs without references and yet feel that it is normal to do so or they aren't aware that it is a rule.
Without being chastised by another, you should try to develop that consciousness that it is bad and wrong to lift someone's intellectual property without paying credence to the original creator.
Op, if you wish to last in this forum, avoid plagiarism (copying someone's work without reference). It is a crime both outside and inside the forum. Thanks

Are you sure Ethereum is adopted globally by many national scale companies today compared to bitcoin? That won't prove anything especially since Ethereum's price volatility is heavily dependent on bitcoin. I can assure you that bitcoin is still at the forefront of best adoption cases in many countries compared to Ethereum, so don't ignore this message if you want to become a holder.

Bitcoin has been shown to provide a commensurate return to its holders over the long term compared to altcoin. I honestly don't necessarily overlook potential altcoin like Ethereum, but for real world use cases, bitcoin is still the best. You can believe that the price of Ethereum will be high if the price of bitcoin is high and vice versa, but in one or two cases the two are very different.

If this is your first mistake, and you understand that this is not the way to do it, just add the link that was pointed to you in your post. Otherwise, you will be blocked.
Do not try to pretend to be more literate than you really are.
Start with the rules if you want to stay on this forum.

https://bitcointalksearch.org/topic/unofficial-list-of-official-bitcointalkorg-rules-guidelines-faq-703657

Oh...,I forgot to do that. I stumbled on this on my mail as a subscriber of the breach community and I see it being useful for all newbies, that why I made some editing for posting. Move over, I'm new here and always ready to learn. Thanks for the observation and correction, such won't be omitted again in such related posts.

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

Are you a trader or a hodler?

Every crypto investor falls into the category of a trader or a hodler.
 A trader : Someone who loves the daily thrills of buying and selling cryptocurrency, regardless of the market situation.
 A hodler : Someone who believes in keeping a particular cryptocurrency for long term.

Whichever the case may be, you need to understand how the market works before making vital decisions. You also need to be emotionally intelligent to avoid making sentimental choices that could make you lose money.

 SELL OR HODL
Let’s explore when to sell your coins during a dip
 Remember that this is not financial advice

 
When to sell:
1. If you notice that there’s no progress regarding long-term development for the token you hodl.
2. When there’s no structured community support for the cryptocurrency.
3. When your coin stops appearing on popular exchanges like Binance, Coinbase, FTX and Kucoin.
4. When a government creates negative policies against the cryptocurrency in your region.

 When to hodl:
1. When the coin has a history of rebounding from dips e.g Bitcoin.
2. When the asset has the backing of the community and continues to develop new products e.g Solana.
3. When the token is adopted by institutions and companies globally e.g Ethereum.

 Benefits of selling during a dip
1. It saves you from significant losses. It is usually best to sell when the coins are quickly dropping in value so you do not lose all your assets at once.
2. It allows you to redistribute capital into buying other coins at extremely low prices.

 Benefits of hodling during a dip
1. It helps you avoid panic selling and losses from short-term market volatility.

 *NOTE* : With that being said the decision to sell and hold depends on your conviction about how the asset is performing. Always remember to tailor advice to your specific situation and use it as a guide for your crypto journey.

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