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Topic: Bitcoin - Is HODL the only strategy? - page 2. (Read 683 times)

member
Activity: 262
Merit: 12
December 13, 2021, 07:44:41 AM
#94
You can bet on altcoins for the long term, you should be able to do the same with bitcoin. Altcoins in general always follow the price of bitcoin, so it's very much in tune when you do the same. Talking about hold, you must have a profit target. We don't always hold back, but there are times when we take advantage of it. So I think you should set a profit target. so you know where to let it go.
jr. member
Activity: 72
Merit: 1
December 12, 2021, 11:24:58 PM
#93
Hodling alone is not the only strategy in crypto.
Swing trading is also part of it.
It is just like having your fiat in your bank account dormant in there for years without moving around, it has to move around.
hero member
Activity: 1680
Merit: 845
December 12, 2021, 05:32:45 PM
#92
HODL is the only strategy used in bitcoin. People who bought btc in some dollars or some hundred dollars and they waited for some years and today btc gave them a huge profit and people are still holding and waiting for btc reach in 100k$
You're wrong, hodling isn't the best one but it's a forgivable strategy and it's not even a strategy, it's like a test. A test for your patience of how long can you endure the temptation to sell when things are going well but it's not your price point. Staking bitcoin or even putting it in a gambling site although there's a risk is a better one since you can increase your bitcoin.
Exactly, it requires zero effort, just being patient, hoping that eventually it pays off. It's definitely not the best strategy, a combination of several methods, such as short-trading and holding is definitely more beneficial.

I regret not selling a month ago, at the all-time high, and buying back when the prices dropped. To summarize, just holding might sound safe, but taking risks is definitely more beneficial.
sr. member
Activity: 1274
Merit: 293
December 12, 2021, 05:02:51 AM
#91
HODL is the only strategy used in bitcoin. People who bought btc in some dollars or some hundred dollars and they waited for some years and today btc gave them a huge profit and people are still holding and waiting for btc reach in 100k$
You're wrong, hodling isn't the best one but it's a forgivable strategy and it's not even a strategy, it's like a test. A test for your patience of how long can you endure the temptation to sell when things are going well but it's not your price point. Staking bitcoin or even putting it in a gambling site although there's a risk is a better one since you can increase your bitcoin.
member
Activity: 753
Merit: 15
mulierum.com
December 12, 2021, 04:45:08 AM
#90
until now I still believe that BTC is good for long term investment. if you want a long-term investment then it would be better if you choose a coin like BTC, at least there is hope to be able to make a profit even though you have to wait a long time rather than waiting for a coin whose prospects are not clear. but everyone has their own opinion so it depends on how they manage their assets.
sr. member
Activity: 1638
Merit: 339
December 11, 2021, 12:05:53 PM
#89
You are risking your Altcoins in the long term for huge returns, why don't you do the same with bitcoin. You are a person who makes long term investments, this is actually very suitable for bitcoin. Don't look at bitcoin's value because it's high, but invest as much as you can afford for the long term. Before you do that, you first analyze the exact time. Don't let your long-term investments ignore current market movements.
sr. member
Activity: 742
Merit: 250
December 11, 2021, 11:59:07 AM
#88
I own different crypto and mostly I stake with them because I am interested in the long return. With bitcoin I am actually doing nothing. Can you suggest any strategies to make even a little APR? I know that I can't stake with bitcoin.
I think that hoarding and holding Bitcoin for a long time is the best way to get high returns. Its value may drop in a few months, but the goal is long-term, its growth potential is still very good. You want to get a little more profit from Bitcoin, you can trade daily. However, this way is very risky, you need to have knowledge of technical analysis and market assessment or you will lose money.
hero member
Activity: 2408
Merit: 584
December 11, 2021, 09:32:05 AM
#87
I own different crypto and mostly I stake with them because I am interested in the long return. With bitcoin I am actually doing nothing. Can you suggest any strategies to make even a little APR? I know that I can't stake with bitcoin.
If you’re making use of exchanges like Crypto.com, there is an option for you to invest your bitcoin and be getting about 6% per annum. But HODL is not bad either, because you’re still going to be making good profit whenever the market starts going up. All these staking and investments apart from just holding my coins never really interest me.

I’m always satisfied with just investing my coins and the profit that I am making from just investing the coins, because good amount of profit comes from HODL’ing the right coins. So if you have your money invested in the right place you wouldn’t even bother about staking and all that, even if you do, it will just a little change that you’re taking from the market.
hero member
Activity: 2282
Merit: 659
Looking for gigs
December 10, 2021, 07:45:58 AM
#86
I own different crypto and mostly I stake with them because I am interested in the long return. With bitcoin I am actually doing nothing. Can you suggest any strategies to make even a little APR? I know that I can't stake with bitcoin.

HODL = long-term
Day trading = short-term

If I were to choose between the two, I would choose to hold for the long run. That’s what I have failed when I have BTC before and ended up regretting myself not holding any further. In this way, it’s less riskier than day trading in my opinion.
full member
Activity: 1292
Merit: 101
Vave.com
December 10, 2021, 07:41:15 AM
#85
what else can be done other than hold when the market is going down like this. back to our first goal, if we aim to invest it takes a longer time to hold it but if we focus more on trading then of course we have to manage and use it in the near future. but for me bitcoin is good for long term investment and currently the price is also falling so its better to hold than to sell it and get the big loss. but if you want profit in the near future you can choose to trade with coins that are good in the market, I think it's a good choice.
Agree with that..

When you hold your coin especially for long term, this is the best tip i can give -> Checking crypto prices all the time is absolutely useless, unless you're an active highly trained day trader. Constantly checking prices will only cause you unnecessary stress!
The main topic here to utilize our capital which is the best trick when the market goes into the bearish momentum .We all know that crypto market is always a high volatile market so that anything can be happen here .I have strong confidence that bitcoin will always give us a good return just we need to become patient but we need to make a target as well where we really wanna exit after getting a huge return .I just wanna share my tricks which is mostly related here we need to buy more potential coin of the 505 of our fund on different coin when market goes on bearish momentum .It will will help us when market become turn into the green stick .I think it helps more from recovering our fund even we can get a good return .I am not suggesting to follow my tricks DYOR always before enter on the market mates .
sr. member
Activity: 938
Merit: 250
December 10, 2021, 06:20:39 AM
#84
I own different crypto and mostly I stake with them because I am interested in the long return. With bitcoin I am actually doing nothing. Can you suggest any strategies to make even a little APR? I know that I can't stake with bitcoin.
i have the other crypto, when the price is good, i will convert to bitcoin then hold till the price is good for me. i think, this method happen to the lazy holder. its not unfavorable for holder, but another way give you more profit than hold till the end.
im just not sure if spend money in newcomer, we have own thought and afraid about something bad. best thing is need to invest in altcoin.
sr. member
Activity: 1778
Merit: 309
December 10, 2021, 05:09:11 AM
#83
what else can be done other than hold when the market is going down like this. back to our first goal, if we aim to invest it takes a longer time to hold it but if we focus more on trading then of course we have to manage and use it in the near future. but for me bitcoin is good for long term investment and currently the price is also falling so its better to hold than to sell it and get the big loss. but if you want profit in the near future you can choose to trade with coins that are good in the market, I think it's a good choice.
Agree with that..

When you hold your coin especially for long term, this is the best tip i can give -> Checking crypto prices all the time is absolutely useless, unless you're an active highly trained day trader. Constantly checking prices will only cause you unnecessary stress!
Certainly, it doesn't make sense if you check the price daily, it's not that it will suddenly reap you serious profits overnight. Checking it daily will make you feel more anxious if see that the market is declining than usual and it's not what you want to see. So if your plan is for long-term then be patient, that's all you can do for now.
But if you want another strategy to gain then being a trader will be suitable for you, but I warn you, it's not so easy to begin with. You need to check it constantly, like time to time, and really requires patience and time in-order to gain.
sr. member
Activity: 1932
Merit: 442
Eloncoin.org - Mars, here we come!
December 09, 2021, 03:58:09 PM
#82
I own different crypto and mostly I stake with them because I am interested in the long return. With bitcoin I am actually doing nothing. Can you suggest any strategies to make even a little APR? I know that I can't stake with bitcoin.
Well holding is the most very common method to have a good return though there are too many investors sometimes staking their assets the problem is if there is a right exchange that we can entrust to hold our fund for many years or months perhaps. Keep in my mind that we should have our own private key as always upon keeping our bitcoin and hoping that it will return for a long term, on an exchange that is very risky. Staking and putting your money in the bank for storing it and hoping a small percentage of return is relatively the same. Be your own bank as always.
hero member
Activity: 1316
Merit: 502
December 09, 2021, 11:41:24 AM
#81
Hold can't be the only strategy because there are many other strategies that can be taken by making a profit. the proof is that yesterday when the price of bitcoin broke through $68k, it could be sold and bought again when the price dropped to the lowest price of $42k, how much profit did we get and how much time was saved. while if it continues to be held and the current conditions how much profit has been lost and have to wait a long time to be able to return to the highest price.
Maybe it's not the absolute and only strategy but most of the time, we are sticking to this strategy more than others because of its degree of disinterest, not caring here is not watching the market, not worrying about time, there will be many problems along the way but even with so many detours, we are never left out unless we want to cancel. While the great evidence you say is the strategy we are most prone to tripping and falling because you only see the things that have happened but the things that have not happened will be very difficult, no one knows where the wormhole will be and when the way to heaven will be revealed
member
Activity: 924
Merit: 15
December 09, 2021, 11:04:32 AM
#80
Depending on your asset type and the strategy you may have different plans for yourself if you are just talking about bitcoin in my own idea holding bitcoin on your own wallet is the best idea to get benefit and keep your asset safe from and risk but still there can be some options and these are not recommended at all, for example, you can hold your bitcoins in some exchanges where they offer some investment plans how it's not safe at all and even if you use famous and safe exchanges your funds are still in danger and the option can be putting your bitcoins for collateral and take a loan to work with the money and earn more, all these methods are dangerous and if you check the bitcoin in long term you can see the best option is to holing for the long term in your own wallet.
Yes, that's the point of how we organize Bitcoin into a valuable asset without risking it and always keep it in a secure wallet. The best strategy is how we manage our emotions and finances to get long term profit. Patience is key, as the CEO of Binance tweeted "if you can't hold, you won't be rich. that's how crypto works in changing our mindset in investing on bitcoin
The important point is that holding is harder than buying and selling.
sometimes many people are tempted by a momentary emotion so that they forget the initial target they had.
On the other hand, holding on to the assets we have is also often hampered because it is an urgent need.
So it is highly recommended to make a mature strategy and have to make decisions and invest with money that will not be used for a long period of time
full member
Activity: 550
Merit: 100
December 09, 2021, 07:05:54 AM
#79
I own different crypto and mostly I stake with them because I am interested in the long return. With bitcoin I am actually doing nothing. Can you suggest any strategies to make even a little APR? I know that I can't stake with bitcoin.
if you can't stake bitcoin, or you can't do other techniques like bitcoin trading. then the best thing is to hold. because, by holding you just wait for the price to increase and after that you can sell it when you get a profit. I think this step is the most appropriate because it is the safest
legendary
Activity: 2576
Merit: 1043
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December 09, 2021, 05:49:32 AM
#78
I own different crypto and mostly I stake with them because I am interested in the long return. With bitcoin I am actually doing nothing. Can you suggest any strategies to make even a little APR? I know that I can't stake with bitcoin.
I don't know if some will consider this as staking but there are some apps that offers an X amount of percentage per year just by putting your Bitcoins in their exchange and hold it.
Basically it is just staking but under a company or the app not by the developers themselves. In reality, there is no way to stake Bitcoin like the way Cardano, Tezos, Ethereum and other does.

You can try it if you want but do it at your own risk since once you tried it, you will not be the one who has control of your Bitcoins. I'm just putting my Bitcoins into my Cold Wallet and I have no plans of putting it in these apps. It will just earn thru capital appreciation in the long run. Good Luck Smiley.
member
Activity: 994
Merit: 14
December 09, 2021, 05:29:41 AM
#77
Holding is not the only strategy. The idea is to buy low and sell when price goes up and then wait to buy when it dips again. That's my strategy.
legendary
Activity: 1862
Merit: 1327
December 09, 2021, 05:20:57 AM
#76
I own different crypto and mostly I stake with them because I am interested in the long return. With bitcoin I am actually doing nothing. Can you suggest any strategies to make even a little APR? I know that I can't stake with bitcoin.


As they have already suggested to you, the best solution for bitcoins is to keep them for the long term, playing with other cryptocurrencies is a good idea, but you must always know the projects!
As I always say, in the past I have made mistakes with bitcoins and also with altcoins, but you learn from mistakes
member
Activity: 434
Merit: 11
December 09, 2021, 03:25:05 AM
#75
HODL is the only strategy used in bitcoin. People who bought btc in some dollars or some hundred dollars and they waited for some years and today btc gave them a huge profit and people are still holding and waiting for btc reach in 100k$
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