Dangers of a HODL’er: | Bitcointalksearch.org

Natalim

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Quote from: neonshium on May 20, 2019, 12:51:33 AM

Quote from: travwill on May 17, 2019, 08:46:06 AM

For me, as for the holder, the biggest fear is to make a mistake and sell a promising coin at the beginning of its growth, unfortunately the cryptocurrency market pushes us to the like.

There is no external force which may compel us to sell or make any decision in hurry. You are free to decide and act anyway you want that is great in the crypto trading. HODL is most likely loved by the professionals who want to stick and stay with the crypto industry long life and that is the reason they get massive profit of their investments. But those who sell in hurry for little profit just waste their time.

I can't call myself as a professional but I am comfortable of holding.

In fact, because I HODL, I miss the train last bull run, so I want to ask do we have the train coming this year?
If not, then I must still hold, but in case that train comes again, I know I am ready to ride with it.

There is a danger, but I love that danger as riding is like a roller coaster ride, not advisable for the weak hands.

neonshium

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Quote from: travwill on May 17, 2019, 08:46:06 AM

For me, as for the holder, the biggest fear is to make a mistake and sell a promising coin at the beginning of its growth, unfortunately the cryptocurrency market pushes us to the like.

There is no external force which may compel us to sell or make any decision in hurry. You are free to decide and act anyway you want that is great in the crypto trading. HODL is most likely loved by the professionals who want to stick and stay with the crypto industry long life and that is the reason they get massive profit of their investments. But those who sell in hurry for little profit just waste their time.

NavI_027

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Quote from: freedomgo on May 17, 2019, 11:51:32 PM

There's no holder that will only hold forever without taking profit, I think that's a stupid idea, unless you are living without financial problem and you want to see how much the price would go.

Or probably an early adopter who is greedy and dreaming for the highest possible price a coin could reach lol.

Quote from: freedomgo on May 17, 2019, 11:51:32 PM

Most of us wants a short term return, and we hold that the price will skyrocket so we can cash out, but the market is not moving that way, and it's not guaranteed that's why our market is called unpredictable.

Wishing for the rocket to launch up hight into the skies is not always a good idea. There's nothing wrong od being optimistic but you should be aware that too much of it will kill you. Sometimes you should learn to be contented on the small price increases.

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Quote from: Aivaryamal on May 17, 2019, 11:07:36 PM

The danger for the holders is that it makes up its cryptocurrency portfolio, because it is important to carefully study the prospects of each project, it is also necessary to put the exact time frame, that is, periodically cash out the funds!

There's no holder that will only hold forever without taking profit, I think that's a stupid idea, unless you are living without financial problem and you want to see how much the price would go. Most of us wants a short term return, and we hold that the price will skyrocket so we can cash out, but the market is not moving that way, and it's not guaranteed that's why our market is called unpredictable.

Caladonian

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Quote from: hen cet on May 17, 2019, 09:15:28 PM

Quote from: Denton on May 01, 2019, 05:14:04 PM

Despite the fact that HODL is at first glance a very easy strategy, it also has its own difficulties. Not for everyone is suitable. I also had a bad experience using this strategy.

The application of HOLD certainly requires a strategy, it is not as easy as the theory that only buy crypto then HODL until the price is high, then sell and generate profits. The theory is like that but the reality is not as easy as theory, because it requires several supporting factors that not all can or do have.
The first factor is of course capital, because you don't know crypto in HODL when it will go up, of course the money used must be really safe money. Another factor is the ability to analyze the prospect of crypto coins, then must have patience and confidence that crypto will definitely rise. Trust is the most important, because HODL will succeed if it focuses on that trust.

Patient and trust, understanding the potential and building a much better strategy while you are in this system of investment, Holds when you have a good overview of projects that you think that will bring good opportunities, and like what you have said you need to have a good system so while you are in the process of holding you can do it much better when you really trust the coin that you are holding.

Aivaryamal

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The danger for the holders is that it makes up its cryptocurrency portfolio, because it is important to carefully study the prospects of each project, it is also necessary to put the exact time frame, that is, periodically cash out the funds!

hen cet

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Quote from: Denton on May 01, 2019, 05:14:04 PM

Despite the fact that HODL is at first glance a very easy strategy, it also has its own difficulties. Not for everyone is suitable. I also had a bad experience using this strategy.

The application of HOLD certainly requires a strategy, it is not as easy as the theory that only buy crypto then HODL until the price is high, then sell and generate profits. The theory is like that but the reality is not as easy as theory, because it requires several supporting factors that not all can or do have.
The first factor is of course capital, because you don't know crypto in HODL when it will go up, of course the money used must be really safe money. Another factor is the ability to analyze the prospect of crypto coins, then must have patience and confidence that crypto will definitely rise. Trust is the most important, because HODL will succeed if it focuses on that trust.

r1a2y3m4

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I was once a HODL'er and I realize I shouldn't be like this type of investor in cryptocurrency. The danger that brought me as a hodler was I am very excited on getting profits. I enjoyed 20 dollar profit on my investments. I told myself on late December that I will hold my BTC no matter what. I should be at the ATH. I was aiming for 40k dollars that time. Unlucky it only got 20k and I kept on hodling until it falls to 10k and I was back on my capital on my investment. Sad experience for me.

travwill

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For me, as for the holder, the biggest fear is to make a mistake and sell a promising coin at the beginning of its growth, unfortunately the cryptocurrency market pushes us to the like.

mbluxs

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Quote from: miningguru on May 07, 2019, 08:20:54 PM

There is huge danger in holding due to because nobody don't know how long it is going to take to increase their prices. As you can see after 2017 bull run till now many people are holding the coins which makes them some time killing their patience in the market and nobody doesn't know how long it is going to take.

such a danger might only be done by people who are passionate about profit, they only think 2017 is fantastic and surely the next year will be even more fantastic, so they chose to hold it on to what they had. do not follow the price, if you can get a better profit, it will escape from loss in the future.

miningguru

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There is huge danger in holding due to because nobody don't know how long it is going to take to increase their prices. As you can see after 2017 bull run till now many people are holding the coins which makes them some time killing their patience in the market and nobody doesn't know how long it is going to take.

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Quote from: Catswold on October 13, 2018, 11:39:31 PM

1. Lethargy during a sideways market
2. Disregarding your strategy
3. Chasing somebody else’s dream
4. Believing somebody else’s FUD
5. Using money that you shouldn’t be
6. Failing to properly do a self risk analysis before investing

If you can cope with these dangers then this type of investment will do well for you. This is a hands-off, long term method of investing. DYOR, find good coins with bright futures, buy and hold. Don’t worry about the daily percentages

I think that the biggest danger of a holder is that the currency or currency that you have chosen to invest, you have chosen wrong, because every time you go to review its price you will find that it is falling more and more.

The losses of a Holder can begin to be seen from the same moment in which the currency loses its volume and market capitalization, there are many Dump, and there is no investment or very large shopping walls, as often happens with the bitcoin , which forms many walls of massive purchases and massive sales, which investors put to protect their investment.

Therefore, an Investor must ensure that their analysis is concrete and somewhat secure, many investors hire financial analysts, who are the ones who do the work of a Fundamental Analyst, which helps them to choose the cryptocurrency with more force and that offer greater security for the investment. I think that is the greatest fear of an investor, because if he chooses and lowers the cryptocurrency, but he is contemplating that low in his analysis, there is no concern, because he has a support or a kind of tolerance for it.

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Quote from: Denton on May 01, 2019, 05:14:04 PM

Despite the fact that HODL is at first glance a very easy strategy, it also has its own difficulties. Not for everyone is suitable. I also had a bad experience using this strategy.

Definitely, not everyone that is good in holding because, holding need patience before you can earn reasonably from the investment of holding. Holding has it problems, likewise others but among trade and hold, i will prefer hold to trade because when you are able to hold till the rise you will definitely smile at last. As there are looses in trade that's how it is to Hold.

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Quote from: freedomgo on May 06, 2019, 08:51:06 AM

Quote from: rapsa2018 on May 06, 2019, 08:41:37 AM

Lot of holders need some extra patient for those people buy and wait but until now the price of their coins not pumping up and lossing up for their funds which is invested up.

They are not holder if they will loss their patience, holder has to have the patience in order to sell at a profit.
We have to believe that the coins we are holding has a potential to succeed in the future, and in every journey, it has its own time, so we have to wait for that.

When you invest your money once then after that nothing could help you get out of the danger but only patience and holding, it is only when you get stuck but if you are buying just simply you can invest it for long term and let the price be higher, I personally have never seen any problem in holding but it always has given me best result.

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Quote from: rapsa2018 on May 06, 2019, 08:41:37 AM

Lot of holders need some extra patient for those people buy and wait but until now the price of their coins not pumping up and lossing up for their funds which is invested up.

They are not holder if they will loss their patience, holder has to have the patience in order to sell at a profit.
We have to believe that the coins we are holding has a potential to succeed in the future, and in every journey, it has its own time, so we have to wait for that.

rapsa2018

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Lot of holders need some extra patient for those people buy and wait but until now the price of their coins not pumping up and lossing up for their funds which is invested up.

syamster

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Quote from: Viscore on May 02, 2019, 03:39:32 AM

Quote from: Caladonian on May 02, 2019, 12:26:04 AM

Quote from: Viscore on May 02, 2019, 12:23:10 AM

Quote from: Aivaryamal on May 01, 2019, 09:13:20 PM

The most dangerous moment for the holders is first of all the choice of cryptocurrencies for their portfolio, as not many will continue to develop and the product will not be used by customers in everyday life, it is necessary to pay attention to the popular digital already with an established strong numerous community

Why would we choose a coin that has no potential, of course when making a decision, it should be based on our own knowledge
and since we are only human, we are not perfect and might pick a bad ones.
Therefore, if we are holding, let's make sure we hold a lot of coins, a lot that we can manage to monitor.

Choosing good projects is really a hard task while the market still in its bearish movements, accumulating more coins where you can monitor the movements is very important, you need to have a good knowledge and positive reviews about those projects, setting up your expectations and
allocate time to see how the progress and how well you will going to benefits from each tokens/coins you are holding.

It is but it's our task being a responsible investor.
We don't know the future of our coins but we choose it because of its potential.
If we have no faith in ICO anymore, we can investing coins that are already existing in trading sites now, a high volume coins will likely to recover easily.

Surely I know if I am investing in a coin so it is because I am sure about the potential and value of this coin, so if the price will fall I will never think about trade it, I will only hold it and wait for the market to turn in my favor to make price higher once again, I have never seen any holder regretting for holding infect all my friends are now suggesting me to hold.

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Quote from: Caladonian on May 02, 2019, 12:26:04 AM

Quote from: Viscore on May 02, 2019, 12:23:10 AM

Quote from: Aivaryamal on May 01, 2019, 09:13:20 PM

The most dangerous moment for the holders is first of all the choice of cryptocurrencies for their portfolio, as not many will continue to develop and the product will not be used by customers in everyday life, it is necessary to pay attention to the popular digital already with an established strong numerous community

Why would we choose a coin that has no potential, of course when making a decision, it should be based on our own knowledge
and since we are only human, we are not perfect and might pick a bad ones.
Therefore, if we are holding, let's make sure we hold a lot of coins, a lot that we can manage to monitor.

Choosing good projects is really a hard task while the market still in its bearish movements, accumulating more coins where you can monitor the movements is very important, you need to have a good knowledge and positive reviews about those projects, setting up your expectations and
allocate time to see how the progress and how well you will going to benefits from each tokens/coins you are holding.

It is but it's our task being a responsible investor.
We don't know the future of our coins but we choose it because of its potential.
If we have no faith in ICO anymore, we can investing coins that are already existing in trading sites now, a high volume coins will likely to recover easily.

ausbit

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Quote from: LimLims on April 26, 2019, 03:05:43 AM

Yeah the reasons mentioned by you are quite reasonable.
I mean it's really will helpful for someone new in this field of trading.
These are major reasons for which most of the traders or the people who faces losses.
We should all be warned about those and IMO we should always listen to ourselves.
I mean it's always pur money so why to trust other persons.
All the members should be careful to not make these mistakes.

This is a proven fact that you have to take risk if you want to make money in crypto. Without risk, all the big companies out there would have never existed in the first place. So yeah, HODL in the crypto market might make you feel like it is going to hurt you but if you understand that the coin is of potential and that the market will recover with big gains, there is no reason you should worry about the coins you hodl.

Caladonian

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Quote from: Viscore on May 02, 2019, 12:23:10 AM

Quote from: Aivaryamal on May 01, 2019, 09:13:20 PM

The most dangerous moment for the holders is first of all the choice of cryptocurrencies for their portfolio, as not many will continue to develop and the product will not be used by customers in everyday life, it is necessary to pay attention to the popular digital already with an established strong numerous community

Why would we choose a coin that has no potential, of course when making a decision, it should be based on our own knowledge
and since we are only human, we are not perfect and might pick a bad ones.
Therefore, if we are holding, let's make sure we hold a lot of coins, a lot that we can manage to monitor.

Choosing good projects is really a hard task while the market still in its bearish movements, accumulating more coins where you can monitor the movements is very important, you need to have a good knowledge and positive reviews about those projects, setting up your expectations and
allocate time to see how the progress and how well you will going to benefits from each tokens/coins you are holding.

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