Dangers of a HODL’er: - page 2. | Bitcointalksearch.org

Viscore

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Live with peace and enjoy life!

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.

marketone

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Quote from: Tervelatuk on May 01, 2019, 08:44:53 PM

Quote from: sgenuine on May 01, 2019, 02:12:27 PM

Quote from: qmclak on April 28, 2019, 12:12:58 AM

Every investment has a risks, That's why we should invest the money that we are willing to lose. But if you are hodler make sure that the coin you buy jas potential after few years of holding.

A holder can miss the time when it is better to sell his cryptocurrency. His main strategy is to hold crypto as long as it is possible. And it is a great risk as you can simply lose almost everything.

holding as long as possible was not a good strategy. we must have a clear target in which price we will cut our profit. and holding it forever make me confuse when we have to sell our coins.

Exactly, it is not the right decision to keep on holding the coin because for every there is one exit point which we have to sell at one point. So we should sell those coin based on the investment we made at the time of purchase and everything we have to not down.

Aivaryamal

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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

Tervelatuk

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Quote from: sgenuine on May 01, 2019, 02:12:27 PM

Quote from: qmclak on April 28, 2019, 12:12:58 AM

Every investment has a risks, That's why we should invest the money that we are willing to lose. But if you are hodler make sure that the coin you buy jas potential after few years of holding.

A hodler can miss the time when it is better to sell his cryptocurrency. His main strategy is to hold crypto as long as it is possible. And it is a great risk as you can simply lose almost everything.

holding as long as possible was not good strategy.we must have clear target in which price we will cut our profit.and holding it forever make me confuse when we have to sell our coins.

Denton

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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.

iv4n

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No matter for this top five danger points for holders, holding stays as one of the most perspective and profitable strategies for crypto users. The key moment is timing here. You can hold gold or dollar for years, but the profit may be as much as to cover the inflation. With crypto it is totally different, because of things are changing too fast on the market. We all know all of those moments when a coin just appear on the market and it's price like 2000$. In the most of cases holders sell it right away and stay in profit, due to the price is falling in a moment.

sgenuine

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Quote from: qmclak on April 28, 2019, 12:12:58 AM

Every investment has a risks, That's why we should invest the money that we are willing to lose. But if you are hodler make sure that the coin you buy jas potential after few years of holding.

A hodler can miss the time when it is better to sell his cryptocurrency. His main strategy is to hold crypto as long as it is possible. And it is a great risk as you can simply lose almost everything.

prtty2gal2

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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

All these things happen and they will continue to happen. There are people that makes use of money that isn’t theirs to risk it in Bitcoin because they believe that money will come from it. I have seen a man that once borrowed and invested it in Bitcoin and luckily for him he was able to make like five times of the money and he paid back the person he got the money from and kept the rest for himself.

And I’m sure that there are some stupid people that will read his story and decide that it is best for them to do the same and they will just forget that it never works out everyone and they might that money and lose everything. Just wondering if there is anyone that tried such a thing during the time these coins were at their peak, they will just regret it a lot.

TIDOVEE

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to me, the major problem about this is the greed, always wanting it to go up and up until it is coming down. knowing when to stop hodling is the wisdom behind it. last year, when i heard xyo token i was also hoping it would go up better, i needed to cash out urgently. i did. and never regretted because price has never gone better since then

geegaw

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Quote from: redsun114 on May 01, 2019, 02:39:46 AM

Quote from: superstarbtc on April 27, 2019, 09:02:00 AM

Before purchasing we have to prepare ourselves to hold them in the long term because there might be chances that the price may drop and in the case, we cannot able to sell them for loos. Of course, we might lose value in the market but we should stay strong until the prices start increasing again.

Well the danger you have to face during holding your coins is the uncertainty of the future of your capital. This means that you would have to wait long until the market value of your coins surge up. But on the other hand, the addition in the value of your portfolio rises as well and this is the reason why people [refer to be long term holders.

Indeed, it is the first danger that we will face when we are a holder, we will not be sure of anything in the future, from the profit or loss we will receive until the time we need to wait, we cannot know the details and exactly those numbers, what we know can only be that we need patience and patience, cannot give up, maintain an infinite faith from this week to this month and then from year to year. The next danger is that we may be shocked, even in despair if our investment fails, the loss of the holder is never a small number, that's almost all of their capital

Viscore

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Quote from: btc_angela on May 01, 2019, 12:54:06 AM

I don't know if you can call HODL'ers danger though, I mean what could go wrong? You are not losing your money when you are not selling, just sayin. Long term holding proves profitable for most of us. You just have to buy cheap bitcoin and then accumulate and wait for the perfect time to dump.

No danger at all, the only danger I see is if the market will collapse, which is unlikely to happen.
What we are investing here is a new technology that would take over online payment system, people will choose decentralized over centralize because it's more faster and cheaper, and not only that, they can also invest since it's a good investment due to its fixed supply.
Overtime the value will rise so holders will eventually benefit on this big time.

redsun114

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Quote from: superstarbtc on April 27, 2019, 09:02:00 AM

Before purchasing we have to prepare ourselves to hold them in the long term because there might be chances that the price may drop and in the case, we cannot able to sell them for loos. Of course, we might lose value in the market but we should stay strong until the prices start increasing again.

Well the danger you have to face during holding your coins is the uncertainty of the future of your capital. This means that you would have to wait long until the market value of your coins surge up. But on the other hand, the addition in the value of your portfolio rises as well and this is the reason why people [refer to be long term holders.

btc_angela

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I don't know if you can call HODL'ers danger though, I mean what could go wrong? You are not losing your money when you are not selling, just sayin. Long term holding proves profitable for most of us. You just have to buy cheap bitcoin and then accumulate and wait for the perfect time to dump.

btcyoda

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Quote from: qmclak on April 28, 2019, 12:12:58 AM

Every investment has a risks, That's why we should invest the money that we are willing to lose. But if you are hodler make sure that the coin you buy jas potential after few years of holding.

Yes, many people love to hold the coins in the market but the major problem is they won't research the coin and this makes them loose value in the market. They will buy the coin when the prices are pumping in the market, a holder will make a huge amount of money if he chooses the right projects as an investment.

The Cryptologist

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One of the dangers of doing the HODL strategy for me is that you might lose the perfect timing to sell. That is my ultimate mistake that I don't want to experience again. It's dangerous for the rest of the altcoins but btc is an exception to that. There are many buyers of btc when it is very cheap that they forgot they own but suddenly remembers it that they have it when btc had an ath in the last 2 year.

spydee1522

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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

Truly if you can cope with these above points then indeed you're really a true hodler and a true risk taker. Indeed it takes patience, confidence and hope to sometimes risk it all and there is a saying that goes like, the bigger the risk, the bigger the returns.

GregH37

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Quote from: qmclak on April 28, 2019, 12:12:58 AM

Every investment has a risks, That's why we should invest the money that we are willing to lose. But if you are hodler make sure that the coin you buy jas potential after few years of holding.

There’s risk in everything in everything we do here in cryptocurrency, but there are people that takes stupid risks and theirs worst. Even as there are shit coins that are still making the mistake of buying shit coins because they never do their research properly as they should and they end up buying coins that will end up as shit coins and their money will be lost in it forever.

It’s good to know if a coin you’re investing is dead or still good and whether it has potential to grow to a high price in the near future, depending on how long you have made up your mind to hodl it.

darkr

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Quote from: qmclak on April 28, 2019, 12:12:58 AM

Every investment has a risks, That's why we should invest the money that we are willing to lose. But if you are hodler make sure that the coin you buy jas potential after few years of holding.

It is not possible to be sure of anything when you deal with the cryptocurrencies. They can pump or dump any time. Therefore, holders and hodlers risk losing much if they do not sell their BTC and alts before the fall.

Mrengage

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Quote from: qmclak on April 28, 2019, 12:12:58 AM

Every investment has a risks, That's why we should invest the money that we are willing to lose. But if you are hodler make sure that the coin you buy jas potential after few years of holding.

I liked what you said but do you know that most investors are too greedy. They will want to put in more money for them to hit it big but at the end they end up loosing everything. Is a good advice not to put all eggs in one basket.

Mrengage

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Many investors and promoters of some projects don't have choice's when it comes to holding a coin. Now in most cases is due to what the project is willing to give in return and the product they have to offer.

Topic: Dangers of a HODL’er: - page 2. (Read 1895 times)