I doubt anyone who entered the crypto land in Dec 2017 is still a die hard hodl'er. Judging by all the complains about cryptos on this forum, Reddit Crypto discussions, various Trollboxes like Bitmex, it seems that everybody quit being a hodl'er and turned into a Bitcoin bear instead.
A close friend basically laughed at me for getting involved with Bitcoin in 2014, laughed in 2015, stopped laughing in 2016, and finally jumped in on Dec 2017. And a few months ago, he said "bitcoin is a scam, im shorting it" and depossited all his BTC into Bitmex and ended up being Rekt either when we went to almost $10K or $8500 a few months ago.
Now he says he will only invest in stocks like Facebook and Apple.
Topic: Dangers of a HODL’er: - page 11. (Read 1842 times)
In a way there are dangers associated with HODL because if the market goes down you always believe it will go up again and in a way never really stay on top of things as you should be when investing.
Although the market goes down several times ago, but it doesn't mean we're giving up to it. This is a good signs of further developments while it increased at a certain point which could rise in the next possible scenario. Don't get too excited yet, but always stabilized your mode as well. 
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
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
2. Disregarding self strategy
3. Chasing somebody's dream
4. believing somebody else's FUD
This are the main reason why most of the trader won't succeed on their career. Some are just copying someone's strategy even if it does not fit to their lifestyle and skills same with chasing somebody's dream just like imitating in a wrong way. Believing on FUD is the biggest foolish thing to believe about since the market is really volatile there are people will going to be negative about it and those who believe are fool. Make your own research, internet is full of deceiver people.
You are right. A lot of people wants suggestion which coin is better to trade and even some people ask about the buy and sell bid amount. They want to make success like a successful trader. But I think these people are afraid, and this is for the long run of the bear market. Many people lost their investment by holding, we still suggesting them to hold until market recovers, but there is no sign for the market recover. People want to make some money to spend, but they are afraid of losing! That's why they keep asking to copy someone's success.
In a way there are dangers associated with HODL because if the market goes down you always believe it will go up again and in a way never really stay on top of things as you should be when investing.
I do agree with the whole above suggestions but how can a newbie do well or hope to be succesful without following someone's success strategy?
Your point number 2 has a contradiction, can you guide on it so that newbies can replace at this point ?
I guess that is why we need to have our own researches about the cryptomarket. What he is trying to say is do not be to dependent on someone's trace step on this industry, we do have our different fate in here. Also newbies need to really engage first in the market at the first not because they have seen others success but because for them to learn and have their own strat.Your point number 2 has a contradiction, can you guide on it so that newbies can replace at this point ?
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
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
You're right and this is the risk we should now before invest/ trade using long term period. I believe people with high experience already explain this situation as nightmare and give simple solutions, take 1 - 3 from top list coin or follow your instinct. Learn from experience will give you the best advice, long term period can change your life.
Market condition has really turned many people into HODLer. Traders were being caught in the middle of bearish market where it will be foolish to sell at loss and then came the decision to hold without preparing for it. I think the decision to hold for a targeted value should be made right from the start or before investing and expecting the unexpected is also crucial.
I agree with your points though.
I agree with your points though.
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
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
You're right and this is the risk we should now before invest/ trade using long term period. I believe people with high experience already explain this situation as nightmare and give simple solutions, take 1 - 3 from top list coin or follow your instinct. Learn from experience will give you the best advice, long term period can change your life.
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
you have said the truth and be able to hold for long will be the major reason why the successful investors are making money from the market. The successful investors are not panic at all and they can control their emotions from the up and down of the market. One thing that I will like to add to op list is : never borrowed money for trade and don't use money you can not afford to lose as this will affect your investments' decision in a wrong way. 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
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
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
You're right and this is the risk we should now before invest/ trade using long term period. I believe people with high experience already explain this situation as nightmare and give simple solutions, take 1 - 3 from top list coin or follow your instinct. Learn from experience will give you the best advice, long term period can change your life.
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 do not think not paying attention to the daily market is good. Because this is a regular pump and dumping market and if we do not update information quickly, we will miss a huge profit. Many people have made this mistake. 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
Don't worry about the daily price fluctuation is the thing everyone have to remember if they are holder because they trusted this investment for longer term so they need to be patient if they want to make profits and also the prices can be manipulated in the crypto currencies so you don't have to take much into consideration about the FUDs as well.
The daily fluctuations are just one of the things that make us nervous, so do not be too anxious, rest assured, the market will soon recover, the end of this year is the best time for We, we will get high profits from this market. 
the first and only danger is not understanding what HODL means and turning into a bag holder instead. HODL is a long term investment and nothing more. the rest of the points that OP uses can all be summarized into a single point and that is "knowing what to do under difference circumstances".
but back to the first point, the whole idea is that you make a long term investment but in what? only in something that is worth investing in for long term and has "potential". potential is not just a word you should really study the asset and see if it actually has long term potential based on its usability or is it some short term hype that is causing the price rises in which case you should act accordingly not with HODL attitude.
but back to the first point, the whole idea is that you make a long term investment but in what? only in something that is worth investing in for long term and has "potential". potential is not just a word you should really study the asset and see if it actually has long term potential based on its usability or is it some short term hype that is causing the price rises in which case you should act accordingly not with HODL attitude.
I do agree with the whole above suggestions but how can a newbie do well or hope to be succesful without following someone's success strategy?
Your point number 2 has a contradiction, can you guide on it so that newbies can replace at this point ?
I guess that is why we need to have our own researches about the cryptomarket. What he is trying to say is do not be to dependent on someone's trace step on this industry, we do have our different fate in here. Also newbies need to really engage first in the market at the first not because they have seen others success but because for them to learn and have their own strat. Your point number 2 has a contradiction, can you guide on it so that newbies can replace at this point ?
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
Depends on what the holder is expecting from his holding. If he is a pure trader and keeps checking his accounts and checking indicators and trying to understand where the market will go than he doesn't have to be a holder, he can literally trade with that type of time and effort. 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
However if you are a "retirement savings" type of guy (and I have seen people buy 1-2 bitcoins way back in the day for the future for their children) than you do not have to be worried about the dangers of holding because these swings of going up or down doesn't really matter to you since you will only invest for a long period of time.
Actually only true holder can cope and can avoid on that problem, because of being had enough knowledge and strategy. . But we are not perfect which i know sometimes we make mistakes and even experts in my opinion , but of course instead of panicking much better to build new strategy for the sake of our money and most important to reduce risky situation .
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
That is how it is, but many of us are afraid about the daily pumping and dumping of the market and that is what is affecting the decision of investors but hodler should not be panic and hodler should have in mind to hold for long-term. If you refresh coinmarketcap every day, then buying and holding is not for you. 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
Don't worry about the daily price fluctuation is the thing everyone have to remember if they are holder because they trusted this investment for longer term so they need to be patient if they want to make profits and also the prices can be manipulated in the crypto currencies so you don't have to take much into consideration about the FUDs as well.
I do agree with the whole above suggestions but how can a newbie do well or hope to be succesful without following someone's success strategy?
Your point number 2 has a contradiction, can you guide on it so that newbies can replace at this point ?
Your point number 2 has a contradiction, can you guide on it so that newbies can replace at this point ?
We can consider all the pro and cons and still loss our investments.
ICO investments has a lot of risks and dangers. I would rather invest in an already tradaeble currency, with chart history and parameters that can be used to gauge the teams dedication, commitment and expertise.
Always remember to invest what you can afford to lose.
ICO investments has a lot of risks and dangers. I would rather invest in an already tradaeble currency, with chart history and parameters that can be used to gauge the teams dedication, commitment and expertise.
Always remember to invest what you can afford to lose.
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