Bitcoin - Is HODL the only strategy? - page 4.

lixer

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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.

You might not be able to stake Bitcoin, but there are some exchanges that would allow you to invest your Bitcoin and get profit from it per annum. It’s quite similar to when you are sticking your other cryptocurrencies as you have said. You can be getting like 6% but uncommon and some of them would allow you to withdraw it at anytime that you would want to, which is a pretty good thing if I’m to say.

And apart from that you are also standing a chance of making profits as the market keeps fluctuating, when it goes off you make more than enough profit from it. Even by just holding your Bitcoin is enough already, because Bitcoin has a tendency to keep on increasing as time goes on. We have seen that over the years.

Mpamaegbu

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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.

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

I know that I can't stake with bitcoin.

True, and sadly so.

Quote from: Doell on December 06, 2021, 02:53:08 PM

hodl it is a long term investment ,a strategy that can grow btc

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).

BlinkInDie

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I would recommend DCA strat, just slowly build your position over time. But don't forget to take profits from time to time.

This is actually what I'm currently doing with BTC and $ANRX, and so far, I've been profiting, especially the 42k dip of btc.

ultrloa

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Quote from: Alisha FR on December 07, 2021, 03:57:08 AM

If you are betting long term, I think it is very appropriate, if your needs are not financially compromised. some other bitcoin users sometimes have to let go for various reasons. You've planned in the long term, you must have great patience for big changes.

There are people unintentionally forget their stored balance since they didn't know that bitcoin would go this far and also the price before is so cheap which people didn't even bother to check it. But for now well I think many will check their holdings especially there's a huge amount at stake and mostly average traders cannot take to hold for so long and see how the market goes especially when the price collapsing badly.

Mauser

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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.

To make a constant return on your bitcoins you would need to sell them and buy them back later at a cheaper price. With the high volatility we see at the moment in the crypto market there are definitely opportunities to make some returns. The problem is that every time we trade we have to pay transaction fees and have the risk to miss out on the next rally. It all comes down to how much time and money you have to spare. I would recommend you to leave 80% of your bitcoins with the HODL strategy, and only use a small fraction of your coins to actively trade them.

Alisha FR

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If you are betting long term, I think it is very appropriate, if your needs are not financially compromised. some other bitcoin users sometimes have to let go for various reasons. You've planned in the long term, you must have great patience for big changes.

Shasha80

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Quote from: ven7net on December 06, 2021, 12:30:23 PM

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.

Indeed, there is no way for BTC to place bets to receive passive income, there is only an option to just be a holder or start trading BTC. The second option, as for me, is more risky than the first, but if you get skills in trading, you can try to trade BTC, which can also give you additional profit in BTC. But if I made a choice, I would probably just remain the holder of BTC, since all other options are difficult and very risky.

Actually there are many options to be able to make a profit from Bitcoin and HODL is not the only way to be able to make a profit from Bitcoin.
But HODL in the long term is the most effective and safe strategy to do if we want to make profit from Bitcoin. Maybe if we already understand
how Bitcoin works, we can try to practice trading, and take advantage of the volatile Bitcoin price for day trading. The risk is very high, but we can
generate regular profits in a short time. Day trading using Bitcoin I only recommend for people who do have good skills in analyzing the market.
But if we are newbie or not yet experienced in crypto world, HODL is our best choice.

uneng

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To hold is the most common strategy used by investors because it's considered the safest way of investing by many, since you don't need to rely your coins to third party hands, such as the investment platforms which pay a small annual interest percentage over your coins. So, of course to hold isn't the only strategy, but I can't say what is the best one for you, as it's a very personal choice that can be only taken by each and every individual.

I say that because investing your bitcoins involve risks that you must be aware before doing so. And if someone tells you to put your money somewhere and if for some reason it goes wrong at some point, you will want to penalize that person who advised you to make the investment for the issue you hypothetically might face futurely.

Doell

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hodl it is a long term investment ,a strategy that can grow btc only trade or can lend it to a trusted person in order to get more returns ! best advice is just that but if you don't want to take more risk just buy when you want and hold long terms on until you get good results price to sell like you hodl on the altcoins you have !

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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.

Maybe just keep holding, you said that you already have different crypto and stake it means there are a risk when you hold that because altcoin sometimes get pump and dump. If use that bitcoin as back up capital, then you can back up ur assets immediately when something bad happened because if stake it too, will need time to unstake it again.

ven7net

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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.

Indeed, there is no way for BTC to place bets to receive passive income, there is only an option to just be a holder or start trading BTC. The second option, as for me, is more risky than the first, but if you get skills in trading, you can try to trade BTC, which can also give you additional profit in BTC. But if I made a choice, I would probably just remain the holder of BTC, since all other options are difficult and very risky.

qwertyup23

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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.

HODL is one of those strategies that will net you income for long-term purposes. Personally, I consider this strategy as one of the safest and most effective in terms of earning cryptocurrencies hassle free. You just purchase bitcoins during the bear market and HODL it for long-term; you may cash it out depending on your goal or once it reaches the price that you are comfortable with.

Given by the fact that forks do happen, it is inevitable for the denominations of the release of BTC as a reward for miners be reduced. This results to its price increasing in the future which makes this strategy effective for long-term.

gabbie2010

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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.

Alternatively you can learn trading your bitcoin though a very risky method, it takes a lot of research and learning on how to trade, as a newbie in trading it's a bit difficult to make profit consistently except you will pass through the learning process which might take a long time to be able to accomplish your aim that is if you wanted to trade your bitcoin, however there is no short cut to learning trading else you will lose all your bitcoin, if you can't grasp or learn how to trade then hodl your bitcoin, which is less risky but small returns.

pawanjain

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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.

To be really honest, there's pretty much nothing you can do with your bitcoins to grow it over time.
There are some workarounds but that will involve moving the bitcoins from a noncustodial wallet to a custodial wallet.
Not your keys, not your coins is a popular saying in the bitcoin community to make you aware of the risks involved in not holding your coins.
So there is no safe way to increase the number of coins while you are holding. If you do consider to take the risks then yes there are some ways.
Lending, trading, staking through 3rd parties etc... are some ways but I won't recommend it.

Holding is the best way to make through.

bitzizzix

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Honestly in the current market situation it makes me feel confused because there is no other way to make money than Hodl, and that is the best way because other options in my opinion are very risky because current market movements are difficult to predict.
looks like the OP is confused and my advice if you don't have the ability to do anything in the current market situation better Hodl, because To do anything in the current market situation is very risky and Hodl is a way to minimize risk and also to avoid worry, and that most importantly be patient because the increase will definitely occur even if you have to wait a long time.

Ziskinberg

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

I know that I can't stake with bitcoin.

Why not? I know that exchanges accept Bitcoin staking but if you don't feel like doing this, then holding is the ideal thing to do.
You may try trading as well, I know that this is risky but it is somewhat to say that we are good at this, you could earn more than just simply staking to the exchanges. But if you think about the safety of your funds, I suggest you just hold and never touch them. Holding 5-10 years, I believe the price of Bitcoin is too expensive.

BitTalk21

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HODL is not a strategy, its the way if you incapable of doing anything else and it work best with bitcoin.

Ararbermas

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No other than holding mate. So if you want a good return must keep holding especially on this kind of situation, because its not a good decision to dump wherein the price is already made correction, so i suggest stay away on the market, take a vacation instead because its not good to see the market gradually decreasing to be honest. It's a heart breaking moment. Lol

PeRo

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HODL is the most used strategy in the community and it's for a reason - it could bring you the highest profit. Just look at the price in the past period, whoever held made a lot of money recently and mostly likely will make even more if they hold for even longer. Of course, there is a high risk of doing so, but I think it's better to have a long-term investment. You could use a more active method of trading such as riding the wave or investing with smaller amounts, but you will risk every time and holding would probably make a higher profit. I wouldn't recommend staking Bitcoin, just as a lot of people in this thread said, it is risky.

NelfiNovita

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Yes, it's the only way to save your Bitcoins when the market crashes. I'd rather hold Bitcoin than sell it even though the price of bitcoin is experiencing a very deep decline but I believe from my experience that the price of bitcoin will rise higher after this and will probably reach its latest ATH price.

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