Crypto currency is all about Hodling.

jademaxsuy

full member

Activity: 924

Merit: 221

Quote from: fosco333 on August 23, 2020, 11:15:21 PM

I think it will depends on the users themselves. If the user is a crypto trader, surely they will trade their coins and won't holding.
On the other hand, investors should hold their coin to gain maximum profit because it will takes time for a project to become success.

Holding coin to me is not really a way to earn here instead it is for trader may it be a long term or short term hold. The best idea to get profit is when buying while crypto is cheap and selling when crypto get a good market price or if it will hit the target price you wanted to sell. The problem is that when you get a higher target it will be difficult to achieve and may take some time before it could be achieved. So if one really wishes to get profit is try to wait when will market is crashing and then buy some crypto using your money that you can afford to lose.

fosco333

full member

Activity: 1260

Merit: 100

I think it will depends on the users themselves. If the user is a crypto trader, surely they will trade their coins and won't holding.
On the other hand, investors should hold their coin to gain maximum profit because it will takes time for a project to become success.

Chuky92

copper member

Activity: 966

Merit: 5

I tend to have a different opinion, I think the cryptocurrencies we invest in can be whatever we make of it. That is, I can invest in a new project and decide to hold, that is what I want. Also, another person might invest in the same project and decide to stake it, that's what he want. In the same way, another person might invest in the same project and decide to trade it, that's also what he want. Thus, it can be seen that different people are having different strategic mindsets regarding a particular project. In addition, there are still people who will not only stake, or hold but also trade the token. Therefore, cryptocurrency is more than just holding.

Kez1817

member

Activity: 909

Merit: 17

www.cd3d.app

Quote from: BestEarningTips on August 18, 2020, 02:09:08 PM

The truth about crypto currency is that it is more about hodling, technically, crypto is hodling.
Most people that has been able to take profit from crypto currency trade or investment are those that have mastered the act of hodling.

Knowing when to hodl, when not to hodl is an important skill you need.

Crypto market is very volatile and i think holding will not guaranty you to earn huge profit. What if the value of coins you hold drop down drastically and after that ,it difficult to recover? Maybe if you hold bitcoin and ethereum, you have a good chance to earn from holding. In crypto,you should always be ready if what will happen to your investment because investing in crypto is not all about profit. Invest carefully and take all the risk and always "Invest only the amount that you can afford to lose".

Miaallen

member

Activity: 573

Merit: 30

Hodling nowadays kills financially beyond what one can even imagine. It is better to sell and refill one's bag when the price is cheaper. Most people that hodl most of the tokens aside the major cryptocurrencies usually end up regretting while those we tag the dumpers refill their bags and get higher earnings than the hodlers.

taufik0911

full member

Activity: 1274

Merit: 104

HEX: Longer pays better

Quote from: Princejebs on August 18, 2020, 02:23:00 PM

Quote from: BestEarningTips on August 18, 2020, 02:09:08 PM

The truth about crypto currency is that it is more about hodling, technically, crypto is hodling.
Most people that has been able to take profit from crypto currency trade or investment are those that have mastered the act of hodling.

Knowing when to hodl, when not to hodl is an important skill you need.

Not that alone, if you don't have the mind, there's no way you can hold. Crypto is very volatile, hence not everyone can handle - 30% of their funds. They become depressed, regrets set in and give up, some sold at loss and give up on crypto.
Those who bought at peak on last btc bull run, you often hear some noobs that crypto is a scam investment, some claim you have to hold for eternity before you could gain.
In cryptocurrency, you need patience and mind. Be ready for what comes after.

Don't invest what you cannot afford to looose

I really like this, "Don't invest what you cannot afford to looose" because it is the foundation of all business
So every time you make an investment you must be ready to lose your money at any time even if you have to lose your assets within 1 second
I think any asset can lose its value in a very short time
in cryptocurrency if you are ready to lose your assets it means you are ready to make a profit. it's all about risk and whatever you do has risks

Vishnu.Reang

sr. member

Activity: 1988

Merit: 453

Quote from: Wingsbtc on August 23, 2020, 02:03:36 AM

Crypto isn't all about holding, it's about been smart, when to exit the market and when to reinvest, you can't hold coins in your wallet and wait 10years later, they might be dead or abandoned before that time, this is why its always good to monitor your portfolio

I agree. There is only one cryptocurrency which you can hold for extended periods of time, and that happens to be Bitcoin. Regarding all the other altcoins, you need to sell them at the right time. If you refrain from doing so out of greed, then in the end there is a good chance that these coins will lose their popularity and they will end up getting delisted from the exchanges.

Wingo

full member

Activity: 686

Merit: 107

Quote from: BestEarningTips on August 18, 2020, 02:09:08 PM

The truth about crypto currency is that it is more about hodling, technically, crypto is hodling.
Most people that has been able to take profit from crypto currency trade or investment are those that have mastered the act of hodling.

Knowing when to hodl, when not to hodl is an important skill you need.

Trading can be more profitable if you know how to analyze the charts correctly, but then this is more complex in crypto since there not much fundamentals to consider. Technicals can work sometime but the volatility makes it impossible to predict the exact movement.
Holding on the other hand is more of speculating, it's a bit risky since there are not much basis of the future situations that will affect the price action.
But then it's less stressful compared to day trading.

Genemind

sr. member

Activity: 1596

Merit: 335

Hodling is the key, but you should know when to sell. Basically hodling a certain coin for too long can lead to losses. You will also miss a lot of opportunities to get your profit and buy back at a lower price. At some point you need to take out your profit and it also depends on what you are hodling.

Jackl87

sr. member

Activity: 1722

Merit: 269

For me it is about hodling too. I just don't have the time and energy to be always up to date and ready to buy the dip and actively trade.
Therefore i only invest in projects of which i think that they can substantially grow in the future or in the next bullmarket.
Also if i cash out my investments before 1 year is gone i have to taxes on the profits i made.. so that's another reason why i'm a hodler.

iTradeChips

hero member

Activity: 1792

Merit: 536

Leading Crypto Sports Betting & Casino Platform

Quote from: ?? on ??

Able to make profits from trade because they have mastered the act of holding? First time I have seen someone phrasing trade like that. I think trade is trade and can't be categorized as the same as holding. Cryptocurrency is more complex than that.

I would agree on that, cryptocurrency is much more than hodling because if crypto is basically hodling, then there would be lots and lots of millionaires now in my opinion. Trading is trading and it is not just holding crypto bought at low prices and then waiting years until it gets to the moon. If it is as simple as hodling then people won't be quitting and giving up on crypto since they invested. Crypto is a an opportunity and every opportunity needs a skilled individual to make that opportunity work.

Wingsbtc

member

Activity: 210

Merit: 12

Crypto isn't all about holding, it's about been smart, when to exit the market and when to reinvest, you can't hold coins in your wallet and wait 10years later, they might be dead or abandoned before that time, this is why its always good to monitor your portfolio

ShowOff

legendary

Activity: 2618

Merit: 1181

I dont completely agree with the OP although there are a few point that could be considered correct. Profiting from crypto especially through trading is common. But without skill and experience I think it will be very difficult to get it.

Trading and investing are two different ways that have the same purpose. Trading should be focused and careful in deciding which crypto to choose. You have to do a good analysis of the price, the potential and the opportunities that exist but when you want to invest you just have to wait until your target is achieved. Not all of the altcoin we invest in are profitable in the long term, but I believe the top 10 can help. Its just that it takes capital and courage.

Oppo57

copper member

Activity: 1106

Merit: 0

Everyone saves cryptocurrencies for a few days. Those who always save in the hope of making more profit have to save for a long time. This is also a little more likely to hurt you. But nowadays everyone knows the matter of conservation so they know when to save and when to give it up.

momchilandonov

jr. member

Activity: 121

Merit: 1

Crypto is not only about hodling, its about right entry/exit point too

sayulita

hero member

Activity: 881

Merit: 500

CyberTrade

Quote from: BestEarningTips on August 18, 2020, 02:09:08 PM

The truth about crypto currency is that it is more about hodling, technically, crypto is hodling.
Most people that has been able to take profit from crypto currency trade or investment are those that have mastered the act of hodling.

Knowing when to hodl, when not to hodl is an important skill you need.

If you know the art of trading, then holding cryptocurrencies makes no sense at all, you will always be having same number of cryptocurrencies when you are holding, but if you trade then your bankroll will also improve along with the number of coins that you hold in your wallet as well. So I guess, newbies should hold their crypto but with experience they should try to gain the knowledge of trading too along with holding your coins, this will maximize the profits that you earn from cryptocurrencies.

qiwoman2

legendary

Activity: 2114

Merit: 1023

Oikos.cash | Decentralized Finance on Tron

I sure am hodling for the next bull run cycle but it ma be another year before we reach a new ATH in this cycle. Now Bitcoin/Altcoin cycles will be slower and longer and eventually less volatile. It's in the volatility though that we will make the money if we play it smart. Hodling is good but we don't want to also make the mistakes many of us made in 2017 holding and not selling anything at ATH. So this time I am taking profits and growing bags and staking, yield farming, getting rewards for holding now which makes holding valuable and offsets the risks a bit as well. This is important always, to look at the risk/reward ratio of our hodling.

coin-investor

hero member

Activity: 3024

Merit: 614

Leading Crypto Sports Betting & Casino Platform

If you have the patience and the control not to sell when you are tempted to sell whether the market is in bull or bear until you realized profit then yes you know the art of Hodling, it takes years to develop it sometimes you need to shut your eyes in the market when you think that you want to cut your losses.

Banulit

full member

Activity: 674

Merit: 100

Quote from: BestEarningTips on August 18, 2020, 02:09:08 PM

The truth about crypto currency is that it is more about hodling, technically, crypto is hodling.
Most people that has been able to take profit from crypto currency trade or investment are those that have mastered the act of hodling.

Knowing when to hodl, when not to hodl is an important skill you need.

Without any second thoughts I would agree that cryptocurrencies is for long term hodling if you really want to earn more than what you are expecting. If you are good in hodling then I can assure you will gain and earn more profit.

SistaFista

sr. member

Activity: 1638

Merit: 251

Yes, it is important to know when we should hold or sell. Cryptocurrency is not always holding, we must be able to choose the coin to hold ,otherwise we may hold some shitcoins until they gone to zero.
If we found a good project, then holding the coin from the beginning is the best action to do.

Topic: Crypto currency is all about Hodling. (Read 890 times)