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Topic: Bitcoin - Is HODL the only strategy? - page 5. (Read 699 times)

full member
Activity: 1512
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December 06, 2021, 07:47:38 AM
#34
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.
Owning different cryptocurrencies is good but some people don't have the opportunity to hold one, holding bitcoin for longer years will make you make gain more than five months of holding a cryptocurrency of any kind, staking bitcoin i think it have duration before you will withdraw it from the platform
Aside from this, it is also risky because of the popular saying, Not your keys not your Coins. I don't think staking Bitcoin I any other platform I what I want to recommend for any Bitcoin HODLer or do myself. I will rather just Hodl my BTC in my wallet if I truly want to do a long term strategy and not bother about staking.
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Activity: 1414
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December 06, 2021, 07:15:15 AM
#33
In this season we are right now, holding is the best solution that will attract massive income in the future. Since the price of bitcoin is still between $45 to $47 it will be better to hold for long term for the price of bitcoin to hit $100 before you can supply to the market for profit making. Many investors are still waiting for the price of bitcoin to drop to $40k before they will now believe that we are in the season of holding and watch for  the market to change positive.
Anyone that follow this strategies of holding in this month of December will really achieve a lot from the market when the price of bitcoin is increase to $70k before the end of this year 2021.
hero member
Activity: 2114
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December 06, 2021, 06:14:26 AM
#32
The question is why we need more than one option if HODL is already proven method of investing money into bitcoin. We all know that Bitcoin is crazy volatile and it can not be effectively staked, or you need excellent trading strategies with great deal of luck to trade it and earn bigger profits. I see hodl as win-win situation for everybody because as you go on hodling you are primarily decreasing the circulating supply thus creating demand surge in the market. This is one of the great way to increase the value of something. In this case we know that bitcoin is being hodl by the miners, investors, cold storage methods and big institutional investors. These literally form a basis for the bitcoin's up surge due to high demand. As we will go on mining the bitcoin it's gonna be lesser and lesser in the future (less circulating + higher hodling ratio). This will defintely impact on the pricing and it will keep raising which has been proven since 2010. So choose wisely.
legendary
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December 06, 2021, 05:47:31 AM
#31
actually, you can trade with it. or you can use the altcoins you have to generate bitcoins and increase the amount. you can also try to do some mining to try to increase it.
to be honest, there are many ways to increase the number of bitcoins you have. however, there is no stake system as far as I know. Withholding is one method to take advantage of prices. however, if you want to increase the number, then there are many ways to do it. such as trading, and so on.
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December 06, 2021, 03:45:24 AM
#30
people who hold bitcoins are the characteristics of successful people in the future, I dare say that currently the most valuable asset is bitcoin in the future bitcoin is number 1 and maybe bitcoin will be very expensive and will even beat fiat and even gold.
full member
Activity: 952
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December 06, 2021, 03:34:14 AM
#29
You can actually do Bitcoin with several strategies. But the most effective strategy and generate large profits is to hold. Indeed, holding it takes a long time so you have to control your emotions well. But that doesn't mean it takes a long time so you don't check the market condition regularly, you just have to keep an eye on market developments. Hold is not the wrong decision, this can actually benefit you but it just takes time.

HODL is tested and right strategy for earning profits with Bitcoin. The only reason why its not liked is because it take time but it guarantees good return. The difference b/w Trading and Hodling is that in trading you win occasionally but lose mostly while opposite is the case with HODLing. I always lose in trading that's why I don't like it
legendary
Activity: 3542
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December 06, 2021, 02:49:33 AM
#28
I hodl some of my bitcoins at Freebitco.in to get some interest and some gambling money. They have been operating for many years and they have virtually no scam accusations against them, so I trust them with those coins. (I have almost reached a 100% return on investment with the capital I deposited there.... so even if they scam, I still have all the coins I deposited.)  Grin

This is a risky investment strategy, but having my coins in cold storage with zero percent interest ..just felt so wrong. I have been doing this for years and it paid off.  Wink  (If you leave it, you get compound interest)
full member
Activity: 2590
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December 06, 2021, 02:21:39 AM
#27
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.
Owning different cryptocurrencies is good but some people don't have the opportunity to hold one, holding bitcoin for longer years will make you make gain more than five months of holding a cryptocurrency of any kind, staking bitcoin i think it have duration before you will withdraw it from the platform
That is what you called diversification in which the most preventive way to invest in volatile market like cryptocurrency.
in which we need not to risk our Money ins ingle currency when we can buy more, yeah we must priority bitcoin in which we need to put more than half of our funs , but at least learn to put also in other good altcoins.
because future of cryptocurrency is not only for Bitcoin but for the whole crypto market.
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December 06, 2021, 02:19:41 AM
#26
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 not have time to learn how to increase your bitcoin amount, then HOLD will be your best way to make a profit in the long term. But if you can learn about that, I am sure you will see many ways to grow your bitcoin amount. But you have other options such as lending your bitcoin to traders in the exchanges and even if the return is not much, I think that is worth doing as long as you know how much bitcoin you want to lend to them. In that way, you do not have to do many things and only watch the rate or the return day by day. But I still prefer just to hold my bitcoin in my private wallet.
hero member
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December 06, 2021, 01:56:15 AM
#25
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 want to stake it, it should be into a specific platform. But the twist, is that you're not holding the keys of it. That's why there's no staking in bitcoin.
And the actual is that you're lending your bitcoin to that platform, most likely it is an exchange and they'll give you a return for doing that. Not that much and not worth of the risk.
That's the difference if you're holding your Bitcoin and staking on it on a good platform exchange, speaking of a good exchange that can be trusted to hold your asset might be hard to choose right now.  Because you will never know when they will become shut down or there is a hack that will happen.

Ain't against staking even though you're not holding your private key but of course, don't put all your eggs there.  It should be the majority of your assets you have control over your private key and the rest is that you can afford to lose.

However, there's no one beat on holding, it gives a guarantee when it comes to the security of your assets.
Even the best exchanges, you just can't be sure with their security. Just be safe and convenient holding your bitcoin with your private keys and there's no need to ask for more about staking. But if you insist, then you've been told about the risk that you're going to deal with.
As said by the others, holding is the best so if you're just holding and you think that you can get more through staking, do it with another altcoin that you afford to lose.
legendary
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December 06, 2021, 01:38:02 AM
#24
While I get your point of view, there are times like this that I regret not being active in trading. For instance, I could have sold my BTC at ATH, a few weeks ago, and now I could have obtained a significant amount of BTC, by purchasing, using the exact same amount of money. It's called short-trading, while at the same time, I would continue holding.
You say this cause you are viewing it retrospectively and have seen exactly how the market played out over the past few days, predicting what direction it would take in order to know when to short is not an easy strategy and you would definitely lose out so many times. Everyone is a good trader when they have seen how the market plays out.

On the other hand, there are quite a few things that can go wrong, such as an unexpected price change and so on, however, now I'd definitely have more Bitcoin.
You think so (the highlighted part), because you're viewing the market retrospectively, attempting to predict it before it happens is much more difficult and risky.
full member
Activity: 2170
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December 06, 2021, 12:47:12 AM
#23
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 are safer in holding mate and if you can handle waiting for long term then there is no need for this questions , we are all doing the same (though of course there is a chance that we are selling when we can clearly see the dumping and buying when the price is climbing) but this is not necessarily mean we are into selling , it is HODL that we mostly do and prioritized , because we believe in long term value of bitcoin and not just for today and tomorrow.
try to consider Holding half of your funds and do anything to another half.
hero member
Activity: 2170
Merit: 530
December 06, 2021, 12:41:02 AM
#22

It's either you become a short day trader, or a holder, or shift your bitcoin to alt coin and then move it back once you make profits.

But as bitcoin enthusiast, most of the times we don't want to complicated things. Sure we can make profits by trading, but in the end in will take a lot of our time and we might be pressured and make some mistakes along the way and of course there is a big risk.

So I guess the best thing to do is just simply hold for years and see your profit grows overtime.

In my own opinion when it comes about investment in bitcoin I always choose to hodl it for a long term investment because it is already proven that hodling bitcoin is worth it. I mean we can also try short term investment or even a day trader of bitcoin but nothing best option for me other than hodling. Like in the current market price correction of bitcoin I choose to hodl my not so big bitcoin asset and wait till the next pump but the thing is I just don't know when it will going to happen again.
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Activity: 686
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December 06, 2021, 12:35:20 AM
#21
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.
Owning different cryptocurrencies is good but some people don't have the opportunity to hold one, holding bitcoin for longer years will make you make gain more than five months of holding a cryptocurrency of any kind, staking bitcoin i think it have duration before you will withdraw it from the platform
hero member
Activity: 2660
Merit: 551
December 05, 2021, 09:26:08 PM
#20
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.

It's either you become a short day trader, or a holder, or shift your bitcoin to alt coin and then move it back once you make profits.

But as bitcoin enthusiast, most of the times we don't want to complicated things. Sure we can make profits by trading, but in the end in will take a lot of our time and we might be pressured and make some mistakes along the way and of course there is a big risk.

So I guess the best thing to do is just simply hold for years and see your profit grows overtime.
hero member
Activity: 2366
Merit: 594
December 05, 2021, 08:21:03 PM
#19
You can actually do Bitcoin with several strategies. But the most effective strategy and generate large profits is to hold. Indeed, holding it takes a long time so you have to control your emotions well. But that doesn't mean it takes a long time so you don't check the market condition regularly, you just have to keep an eye on market developments. Hold is not the wrong decision, this can actually benefit you but it just takes time.

Yes, you have a point, and the reality is that many people are doing this and also advising others to do so, such as newcomers who are told to buy a bitcoin and hold it for a few years, which is extremely profitable. There are numerous ways to earn bitcoin through trading, but it is extremely risky and requires time and effort to learn. Additionally, staking, which is simply purchasing an altcoin with bitcoin and staking it to your prospect coin. However, if forced to choose one, I believe I would choose trading because I can truly say I am accountable and in control of my money.
legendary
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December 05, 2021, 07:21:49 PM
#18
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 want to stake it, it should be into a specific platform. But the twist, is that you're not holding the keys of it. That's why there's no staking in bitcoin.
And the actual is that you're lending your bitcoin to that platform, most likely it is an exchange and they'll give you a return for doing that. Not that much and not worth of the risk.
With Bitcoin there is no staking access. As mentioned the risk we take through lending is big. There are very limited trusted platforms that give better rate of interest. Rather than lending one can try regular trading, which could get better profit and the bitcoin will be with us.

Many cryptocurrency network provide access for keeping the market circulation. Bitcoin have got this without any such act, which is also a reason why bitcoin doesn't have the staking access.
legendary
Activity: 2534
Merit: 1397
December 05, 2021, 07:09:42 PM
#17
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 other blockchain networks that offer yield farming or staking.
There are some platforms that offer wrapped Bitcoin pairs. How to wrapped your Bitcoin? Well, there are multiple bridging platforms these days in which your particular cryptocurrency in the specific network is being bridged to another ecosystem/blockchain network, this is like pegged asset from another blockchain network.

I saw some wrapped Bitcoin yield farming or liquidity pools in Solana ecosystem, check Saber/Orca/Raydium. So that time you are earning some interest, but then again it is not 100% safe or guaranteed profits because you need to consider Impermanent Loss or maybe the platform itself can be hack.
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December 05, 2021, 06:34:09 PM
#16
You can actually do Bitcoin with several strategies. But the most effective strategy and generate large profits is to hold. Indeed, holding it takes a long time so you have to control your emotions well. But that doesn't mean it takes a long time so you don't check the market condition regularly, you just have to keep an eye on market developments. Hold is not the wrong decision, this can actually benefit you but it just takes time.
legendary
Activity: 2520
Merit: 1233
December 05, 2021, 06:33:38 PM
#15
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 want to stake it, it should be into a specific platform. But the twist, is that you're not holding the keys of it. That's why there's no staking in bitcoin.
And the actual is that you're lending your bitcoin to that platform, most likely it is an exchange and they'll give you a return for doing that. Not that much and not worth of the risk.
That's the difference if you're holding your Bitcoin and staking on it on a good platform exchange, speaking of a good exchange that can be trusted to hold your asset might be hard to choose right now.  Because you will never know when they will become shut down or there is a hack that will happen.

Ain't against staking even though you're not holding your private key but of course, don't put all your eggs there.  It should be the majority of your assets you have control over your private key and the rest is that you can afford to lose.

However, there's no one beat on holding, it gives a guarantee when it comes to the security of your assets.
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