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Topic: Crypto currency is all about Hodling. - page 4. (Read 890 times)

copper member
Activity: 350
Merit: 1
August 19, 2020, 10:44:47 AM
#78
Holding cryptocurrency requires some level of understanding about the project. It won't be wise to go about accumulating tokens which may later become worthless. It's wise to hold and also take profit at intervals to keep one liquid. I've come to know that in this space there are no guarantees, bitcoin rose to $20,000 in early 2018, and still dropped to less than $4,000 the same year.
member
Activity: 163
Merit: 10
August 19, 2020, 10:36:10 AM
#77
Holding actually depends on the coin or token you wish to hold. Now all coins are for holding in my own opinion, some are merely for trading and taking profit, I can only hold reputable coins or tokens like btc, eth and other wop 10 stable coins. Even the new upcoming coins that looks promising still can't be guaranteed a hold for me. This crypto space is delicate and since we have fiats involved, we only have to watch carefully before holding any coin.
legendary
Activity: 2520
Merit: 1218
August 19, 2020, 10:21:15 AM
#76
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.
Fear is a big bastard when investing in crypto space, I was holding 6k ESH and after seeing price going down to 0.04$ from 0.12$ then I quickly dump thinking it's over, not knowing that's the best time to jump in, now the price is back to 0.10$ 😣😣😣 I am so sad right now

You have learned your lesson and it cost you a lot. Next time you will be more wise and experienced. If you would have made a research before buying, you would know that ESH is now s shitcoin and it should be dropped as soon as price goes down. What was the market situation when the price decreased 3 times? Did all the altcoins suffered loss that day? I think you just got into traders trap. They made a short term dump and then started to recover the price.

member
Activity: 1358
Merit: 10
www.cd3d.app
August 19, 2020, 10:17:43 AM
#75
If you want to make a good profit with out any hesitation then holding is the proper way because it is very easy. On the other hand trading is not easier than holding. Before holding one should be more calculative and experienced. Without experience trader will not make profit. I think trading is more risky then holding.
In fact, if you do not have a good knowledge of crypto, if you do not understand the crypto market, you will not be able to succeed in trading or holding. I think both trading and holding are risky for the unskilled.
member
Activity: 210
Merit: 10
Sovryn - Brings DeFi to Bitcoin
August 19, 2020, 10:12:01 AM
#74
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.
Fear is a big bastard when investing in crypto space, I was holding 6k ESH and after seeing price going down to 0.04$ from 0.12$ then I quickly dump thinking it's over, not knowing that's the best time to jump in, now the price is back to 0.10$ 😣😣😣 I am so sad right now
legendary
Activity: 3150
Merit: 1069
August 19, 2020, 10:03:23 AM
#73
Holding is still a less risky way to make money when bitcoin really bulls but it's quite frustrating for people with low (normal) patience. It's been some years and bitcoin is fluctuating between 4K and 12K. Grid traders on meantime made a good profit but the people that's been holding since the last ATH are still waiting. They price would go up one day but how appropriate would be the profit at that time is a different thing. A dollar today would not be worth the same after a year. The money you can't use when you really need is worthless.
member
Activity: 812
Merit: 10
BountyMarketCap
August 19, 2020, 09:56:25 AM
#72
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.
Many people trade and make profits as well but there are risks involved in trading as well, sometimes people keep the trades in loss open ror a long long time that can result in massive drawdowns and in the end complete wiping out of your capital so only trade if you have a strategy and you know the risks. On the other hand hodling is good for longterm if holding reputed coins with longterm and historic good performance.
copper member
Activity: 238
Merit: 1
August 19, 2020, 09:36:43 AM
#71
Earning from this space is very simple when you know what to hold, when to hold and when to let go. We earn basically by switching coins and tokens. We dance around the space. Giving and receiving different cryptos and our success is spelt with holding the best coin and cashing out when it's right.
full member
Activity: 1498
Merit: 146
August 19, 2020, 09:32:08 AM
#70
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 are expecting profits without much efforts then holding is important but to make more profits you may have to be more active with shitcoins particularly that is why trading becomes more preferred by the crypto users when they are expecting to make huge profits.And the art of hold is nothing but mastering when to buy and when to sell your cryptos.
sr. member
Activity: 1183
Merit: 251
August 19, 2020, 08:46:36 AM
#69
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.

I think holding is for that time only when you have token and team has good update about future plan or team working following their good roadmap. Otherwise it will be foolish decision if you hold your token. Better you can go for trade that may help you to grew your amount but have to sure that you are investing or trading in right time. So finally i will say its very technical matter and have to give steps carefully.

thanks.

It's true that only a few projects can do that. Roadmaps are often a definite reference for any project success. I will only choose altcoins that really have prospects for the future even if it takes a long time.
Sometimes the roadmap can be changed by the developers as a hodlers and we must watch the market anytime. The price can be dumped to the bottom too dude.
It's better to see the situation and takes the decision based on what things that happened before.
hero member
Activity: 812
Merit: 503
August 19, 2020, 08:41:07 AM
#68
Holding some coins for long term is cool, but sometimes you regret holding if the coin dumps massively or if you miss out on coin swaps. I'm a trader and I know it's not easy to hold most altcoins long term, especially when the charts signal dump. Any coin I decide to hold, it means I take it as an investment and forget about it even if it dumps and I don't invest so much funds when I decide to go long term on any coin.
full member
Activity: 1050
Merit: 100
Vave.com
August 19, 2020, 08:28:34 AM
#67
To get good profit you must have skills in holding or trading recognize the correct token and understand when i can purchase it and when need to sell it. Don't take the easy way out of investing and don't buy any shitcoin in a hurry. Also i think investing requires perseverance and patience for profits. The trick is you can do something good in this crypto market so prepare yourself that way first.
hero member
Activity: 1834
Merit: 566
August 19, 2020, 08:12:23 AM
#66
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 cryptocurrency trade or investment are those that have mastered the act of holding.

Knowing when to hodl, when not to hodl is an important skill you need.
Cryptocurrency is more than buying, selling and holding as you announced because adequate knowledge and constantly understanding of the market momentum are needed to succeed. However, you make a reasonable impression when you said knowing to hold which the knowledge i talk about but emotion control and stop loss strategy is also needed i.e
For a crypto trader or investor to succeed he needs.
1) Basic knowledge about crypto market analysis.
2) Research to understand the trend the market posed.
3) Have emotion control or else he will fall in love with his holding.
4) Have stop lost strategy when the market dump in price.
full member
Activity: 1638
Merit: 122
August 19, 2020, 08:02:29 AM
#65
It was proven many times that the real crypto hodlers are in better profit than daily traders, it is mainly caused by a loss that traders have. Every trader has a loss because he can´t predict the price movement every time.  Roll Eyes

all of us cant predict the coins and if your a trader you can still earn a profit if you will sell early or when the coins are still in bullish mode but yes all of us have a loss but that loss cant occur all the times because what we will be  doing is useless if we will only loose alot .

much better if we quit if thats the case .  crypto hodler do loose too if they wont be on guard with thier coins or if they pick a bad coin right from the start
sr. member
Activity: 1302
Merit: 270
August 19, 2020, 07:41:39 AM
#64
It was proven many times that the real crypto hodlers are in better profit than daily traders, it is mainly caused by a loss that traders have. Every trader has a loss because he can´t predict the price movement every time.  Roll Eyes

It all depends on the person themselves and how they want to trade, because I think if they want to make more profit they have to play long term to trade, but if they just want to take less profit they only play short term for their trade. It may be true that good predictions in trading should be had, otherwise the risk of big losses will occur.
sr. member
Activity: 966
Merit: 254
August 19, 2020, 06:53:33 AM
#63
It was proven many times that the real crypto hodlers are in better profit than daily traders, it is mainly caused by a loss that traders have. Every trader has a loss because he can´t predict the price movement every time.  Roll Eyes
hero member
Activity: 1498
Merit: 506
August 19, 2020, 06:46:36 AM
#62
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.
Hodling has proven to be the most profitable strategy in the crypto especially now where you can increase your crypto holdings simply by providing liquidity at platforms like uniswap, It is so simple that you are increasing your holdings and if the price increase rapidly you can also take profits.

Sure, it is profitable but it is most accurate to say that it is the safest strategy, other strategy can be most profitable too if done right.
Whether you are a newbie or a long time crypto enthusiasts being a hodler will have benefits for sure.
However, it is not easy, you must always observe the market. And choose what coin to hold.
member
Activity: 938
Merit: 13
AMEPAY
August 19, 2020, 06:16:30 AM
#61
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.
Hodling has proven to be the most profitable strategy in the crypto especially now where you can increase your crypto holdings simply by providing liquidity at platforms like uniswap, It is so simple that you are increasing your holdings and if the price increase rapidly you can also take profits.
jr. member
Activity: 298
Merit: 5
August 19, 2020, 06:12:37 AM
#60
You are right, what we need in order to profit in crypto assets is to buy in the right time and hold in the right amount of time then sell it in the right time in order to generate a better amount of profit.

Holding is a game of patience as you will surely encounter many hurdles in doing it like seeing a market crashes and seeing the continous increase of crypto prices but if you will become successful in holding your
crypto assets then you will surely generate a good amount of profit.
member
Activity: 1764
Merit: 10
August 19, 2020, 05:38:54 AM
#59
Of course, such variant will work with top cryptocurrencies, but there will be problems with new cryptocurrencies, because we all know and see how many scam cryptocurrencies appear and therefore losses will also occur if you will invest in a lot of cryptocurrencies, so it is better to invest in proven top cryptocurrencies.
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