Bitcoin - Is HODL the only strategy? - page 3.

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Quote from: 95Bolu on December 05, 2021, 01:17:05 PM

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.

There are many strategies that we can do with bitcoin such as day trading, arbitrage, staking and others, all of these strategies can certainly benefit us if we can do it well and have knowledge, but in my opinion so far these strategies have been proven and can really give us the bigger advantage is holding bitcoin for the long term.

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Quote from: Leviathan.007 on December 08, 2021, 10:11:39 AM

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.

I have the same opinion. Giving someone your bitcoins to gain an "even little" annual interest rate is risky and dangerous, because at present the cryptocurrency world is full of fraudsters. The golden rule is "Trust no one". Even here, on the Bitcointalk forum, some people take loans in BTC, and then they run away with stolen coins. Of course, the profiles of such users immediately receive negative feedback and a scammer flag. In any case, lenders suffer damage.

In general, I agree that HODL is the best financial strategy. However, I am not against investment plans offered by BlockFi, Binance and other large platforms with a perfect reputation. I think that at least 50% of your funds should be in your cold wallet. You can lend the rest of BTC coins for credible legal entities or trade them in cryptocurrency exchanges.

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Quote from: 95Bolu on December 05, 2021, 01:17:05 PM

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, its true that Bitcoin doesnt allow staking unlike other alts wherein you can stake your coins (like ETH for example). But for Bitcoin, holding alone is the best way to generate profit from it specially for long term.

If you track the price history of Bitcoin you'll know how the value continues to grow for the past years up to now. Just shows how effective holding is, if only an investor is patient enough to wait and not in hurry to profit.

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Quote from: Dhaniii on December 08, 2021, 10:11:07 PM

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.

Yes! buy low and sell high is another opportunity for the investors if they wanted to gain profit other than holding for the long term. But it requires a big amount of capital since as soon as the price rise again for a little percentage, you gonna sell your BTC right away. Unless you switch to hodl a little more longer to maximize your profit. Most of the investors go for a long time hodl because they invested some money they can afford to lose. in other words, those holding for a long term, have already sacrificed their money for the sake of rising the price further more.

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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.

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HOLD is one of the strategy. There is also trading but it is also very risky.
Every hold of Bitcoin may lead you to have some profits, but it always also jeep risks.
Btw, we can also holding oir Bitcoib while staking or farming so that we can also accept the APY and about HOLD, besides Bitcoin, ensure that your altcoins to hold are very precious and promising so it will not end as shitcoin. .

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Quote from: 95Bolu on December 05, 2021, 01:17:05 PM

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 do deal with centralized platforms then better skip into that and it is much better to hold your coins on your own wallet rather than entrusting them
and been locked for a year where you couldnt able to claim or pull it off excluding to those anytime where you could get those funds.
For Bitcoin then it is really good for holding since we know the potential but for altcoins? Its a personal kind of choice
and also neither bitcoin or alts you could also opt on making active trades even though the risk is high but you could potentially
make profits in shorter duration.

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Many time we sell bitcoin for little profit. Bitcoin already proved their development and price. Bitcoin is most valuable and most popular coin.So people interested in bitcoin much more Than others coin.I Think we Change our mind investment in bitcoin coz if we can't hold bitcoin, we Won't be successful.

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Quote from: RiskySanchez on December 08, 2021, 11:00:48 AM

Quote from: Leviathan.007 on December 08, 2021, 10:11:39 AM

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 first thing is that we make up our minds to hold the crypto and bitcoin in particular. If we do not make our mind, we may sell it early at very little profit. If you want to be rich with crypto, you need to hold it for the long term.
Once, you decide to hold for the long term, then you must choose the wallet wisely where you will store the crypto.

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Quote from: RiskySanchez on December 08, 2021, 11:00:48 AM

Quote from: Leviathan.007 on December 08, 2021, 10:11:39 AM

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

For people who go into crypto with the aim of long-term investment, of course holding Bitcoin held for a long time is something that must be done. to set goals, I think it depends on what we want to achieve (everyone has different plans).

but for those who come to the crypto market for their daily needs, trading Bitcoin in the market is not something impossible. the key is in our skills.

I did both, it does require more capital to trade Bitcoin than altcoins to make it easier for us to get profits faster (for day trading). but I've done it. separate bitcoin for long-term investment. and bitcoin for day trading assets.

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Quote from: Amejoaquim on December 08, 2021, 03:34:05 AM

Quote from: sherenikaw on December 07, 2021, 05:19:40 PM

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!

For investing in Bitcoin, the best strategy is HODL Bitcoin for long-term. Especially for people who are busy and don't have much time to monitor
the market, highly recommended for long term investment. Because the price of Bitcoin continues to rise every year, so we just need to be patient
holding Bitcoin until it reaches the target we want. Holding Bitcoin in the long term is the easiest and safest way to make a profit. So it's no wonder
many institutions prefer HODL Bitcoin in the long term.

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Quote from: Leviathan.007 on December 08, 2021, 10:11:39 AM

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

Leviathan.007

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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.

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Quote from: sherenikaw on December 07, 2021, 05:19:40 PM

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!

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Quote from: Mpamaegbu on December 07, 2021, 06:53:00 AM

Nope, hodl isn't the only strategy for Bitcoin but it's for those who are scared of trading it. Only those who want to play safe go that route. Otherwise, one can safely trade to increase their quantity if they've the trading skills for it.

Hi, Mpamaegbu. You say it as if it were an easy thing (like when you say "safely trade"), and it is not, it is rather easy the opposite. In the stock market only a small percentage of traders are able to make money in the long term. I speak from memory but the percentage is less than 10% and in the crypto market it will be similar or worse, with all the volatility there is.

On the other hand, HODLing Bitcoin has given an average return of over 150% per annum. If we take into account that Buffett has a 20% return over the long term, not bad at all, eh?

Quote from: Mpamaegbu on December 07, 2021, 06:53:00 AM

Sorry, hodl doesn't grow or increase your Bitcoin. It only increases the value in price (that's if a bull rally occurs) and it can also decrease the value in price (if a bear rally occurs).

I could say the same about trading. Only increase your Bitcoin if you are one of the small percentage of traders who are able to sustain profits over the long term. If you're like the vast majority, you're going to lose Bitcoin.

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Quote from: ?? on ??

Super Minesweeper (SM) incorporates NFT and DeFi with ultra-low gas fees.

look at how you posted this thread recently

https://bitcointalksearch.org/topic/--5375579

pretending to be just find out about that SM and asking community about this but your name stands directly to that site and also all of your posts are pointing to advertising this one.

do you think we will trust you with that?

Quote from: sherenikaw on December 07, 2021, 05:19:40 PM

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.

dolding is the strategy of holders . and if you want differently then this is not what you need to do .

try trading or mining .

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Assume you have weak hands, not being certain battle against dip then what you should do or what you have confidence most? Reality is, If you can't HODL through the dip and more, you most certainly are a paper hands who doesn't merit a lambo! I was with my portfolio about seven days prior 20k. Down to 14k at this point. As yet holding cause I see long haul with Bitcoin. I used to get scared of the dips however truly I invite them now.

During dips or down pattern most strange investors generally crypto dropping most of their percent and start pissing in the pants then sharing their horrible experience.

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Bitcoin for the long run i know people like you is same like me that love staking and farming but dont be sad u can still stake ur bitcoin while waiting for long run on DeFi app but first u need wrapped bitcoin from exchange like binance or other cex and then u can start invest on lending platfrom usually like venus but most Centralized exchange currently have Bitcoin staking make sure u to check it

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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.

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OP, I think you should have to explore more and get familiar with the market. There are a lot of ways to earn and grow your Bitcoin and it was ONLY you who could decide what you gonna do. But of course, it all becomes more risky than usual and you should have to think it first before trying.

Quote from: Mpamaegbu on December 07, 2021, 06:53:00 AM

Nope, hodl isn't the only strategy for Bitcoin but it's for those who are scared of trading it. Only those who want to play safe go that route. Otherwise, one can safely trade to increase their quantity if they've the trading skills for it.

Indeed, right but that is too scary when you go trading without knowledge as having a bigger chance to lose your money. If we don't do anything and we just HOLD, that gonna be fine but we never think that we increase the quantity of our Bitcoin, only its market value as the price fluctuates.

Topic: Bitcoin - Is HODL the only strategy? - page 3. (Read 699 times)