Dangers of a HODL’er: - page 3. | Bitcointalksearch.org

jems

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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

That's right it is a risk risk that we often face and maybe in fact there will be more. Even so, if we are sure of what we choose, keep holding it and not be easily provoked by others.

pant-79

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Quote from: shoreno on April 27, 2019, 10:24:21 PM

Quote from: pant-79 on April 27, 2019, 04:08:21 PM

I think that the holder can be in two cases.
1. If a person truly believes in the coins that hold. The whole is a great option. For example, I believe in Bitcoin, so I hold it and accumulate it.
2. A person has a lot of money and doesn't want to engage in trade and trade education. He is satisfied with what he does, so he chooses a coin for holding himself (or listen someone’s advice) in order to sell it sometime (often he doesn’t know when it will come 'Sometime').
In all other cases, the hold is unreasonable. You should be well versed in coins and trading. When money simply lies in coins and doesn't bring you a steady income, this is a luxury that is not permissible. In order to earn - you need to work.

the two case the you have stated above are i think both the same . both 1 and 2 are normal traits of a hodler . for me the two cases of a hodler is number 1. ) this kind of hodler is calm and verry aware about the market situation . he knows that cryptos are volatile and fluctuate at all times .

number 2. ) this kind of hodler do always panic because he is lack of experience and most of them are newbies .

both kinds of hodler that i list above are prone to dangers of unstability of the price .

These cases are not the same, but they are not mutually exclusive. The first may include the characteristics of the second and vice versa. But they can also exist separately. And the presence of faith and confidence in the coin doesn't necessarily have those people who are described in the second case. That's the whole point. There are wealthy people who buy crypto currency for various reasons (faith, a new fashion for it, a desire to try a new type of investment, etc.) and hold it. But there are also people who don't have enough money, but they understand crypto currencies, learn to trade and buy promising coins for hold with the understanding that in a year, two, five they will sell them and rise to a completely different level.
Only these two options are reasonable for hold.

All other 'holders' are just a crowd of uneducated and frightened people who don't understand what to do next. And this is not an option at all. Therefore, the rest of the crowd I don't take into account.
That is what I was trying to express. A person must constantly work to obtain all the necessary knowledge in the crypto sphere.

Best Dreams

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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.

Surely no one know what is going to happen in crypto currency, but the best way to get out of this unawareness of the market you only will have to hold because I have never seen anyone suffering lose because of holding, when price falls you should show your faith and trust for the market so it will rise again and it will give you reward for holding.

GreatArkansas

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

DYOR, find good coins with bright futures, buy and hold. Don’t worry about the daily percentages

This is the best thing in crypto, finding the hidden gem with 1000x returns. It's still possible today that you can earn a 1000x returns, you just need to research, there's a lot of new products nowadays that is really worth of investing, you just need patience especially if you are holding for long term. There's always an advantage in holding for the long term.

freedomgo

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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.

We have to make sure we believe on what we invested if we are going to hold it for years.
There will be times that it will dump, just like what happen to most of the coins, even bitcoin it dump, but with faith on your coin, you should be fine
as you will not panic like the weak hands will do.

qmclak

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"Trade with profit"

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.

shoreno

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Quote from: pant-79 on April 27, 2019, 04:08:21 PM

I think that the holder can be in two cases.
1. If a person truly believes in the coins that hold. The whole is a great option. For example, I believe in Bitcoin, so I hold it and accumulate it.
2. A person has a lot of money and doesn't want to engage in trade and trade education. He is satisfied with what he does, so he chooses a coin for holding

the two case the you have stated above are i think both the same . both 1 and 2 are normal traits of a hodler . for me the two cases of a hodler is number 1. ) this kind of hodler is calm and verry aware about the market situation . he knows that cryptos are volatile and fluctuate at all times .

number 2. ) this kind of hodler do always panic because he is lack of experience and most of them are newbies .

both kinds of hodler that i list above are prone to dangers of unstability of the price .

pant-79

hero member

Activity: 994

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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 holder can be in two cases.
1. If a person truly believes in the coins that hold. The whole is a great option. For example, I believe in Bitcoin, so I hold it and accumulate it.
2. A person has a lot of money and doesn't want to engage in trade and trade education. He is satisfied with what he does, so he chooses a coin for holding himself (or listen someone’s advice) in order to sell it sometime (often he doesn’t know when it will come 'Sometime').
In all other cases, the hold is unreasonable. You should be well versed in coins and trading. When money simply lies in coins and doesn't bring you a steady income, this is a luxury that is not permissible. In order to earn - you need to work.

proTECH77

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Quote from: bonker on April 26, 2019, 07:45:24 AM

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.

Sometimes we have to trust others as well because when we are holding huge amount of cryptos but we might died accidentally so who is going to access all those cryptos and give it to the welfare of your loved ones.

You have a point there buddy, in addition to that, never try to imitate other cryptocurrency holders, ensure you are yourself and not another based on what they say or view about themselves. Many crypto enthusiast who are currently holding have their reason of doing so, if you have no reason of holding then it's danger in holding.

Hamphser

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Quote from: adzino on April 27, 2019, 09:35:48 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.

If you are holding, it does not mean that you will need to keep on holding. If you invest on the wrong time and see the price crashing very badly, then it is always better to sell your coins to reduce your loss to the minimum. You can then start to reinvest once the price falls down to its lowest level and then keep on holding to make profit. Remember, letting your investment go and suffering some loss does not mean that you made a wrong decision, but instead you made a wise decision.

In short, not all panic sells do really give out negative or can be considered anytime as mistakes and as said these incidents or decisions
could save you into further deep loss if you do still decide to hold on.Making such decisions is inevitable it would just depend if you do take it
seriously or do just let yourself sink into losing money.

sana54210

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Quote from: playboy654 on April 26, 2019, 06:42:22 AM

I think one of the dangerous thing in cryptocurrency is holding because there are so much risk involved in your holding because it was not valuable then our work and giving time was absolutely waste so you need to be more free minded in this think then only if anything was happened you need to be get away from without any problem.

If an investor is able to get involved in a very good project with great products and services, I don’t think Holding should be a dangerous one, blockchain technology is still at an early face and we still have lots of years to go in it and every year in blockchain technology keeps bringing great opportunities closer to us.

It is not every project we have to invest in, and that is the only danger of cryptocurrency if we gamble with our investment or allow people’s opinion to decide for us. I know we are not above mistakes, there are mistakes that has led us into investing in wrong projects which we will know when we see, but there are still very good projects that can serve as a long-term investment which holding such coin would be the best.

akram143

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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

yes, holding is always difficult and making your hold for long term without any surety in our investment is more than dangerous so you are right in all your points

adzino

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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.

If you are holding, it does not mean that you will need to keep on holding. If you invest on the wrong time and see the price crashing very badly, then it is always better to sell your coins to reduce your loss to the minimum. You can then start to reinvest once the price falls down to its lowest level and then keep on holding to make profit. Remember, letting your investment go and suffering some loss does not mean that you made a wrong decision, but instead you made a wise decision.

superstarbtc

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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.

mersal

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Making the own strategies are always helpful for you to get the problems out from your side in this type of things especially if you want to give the success You will need to be more patience than only I can helpful for you to get the success so holding is not a easy job if you want to get the profit he will definitely need to wait without any problem

freedomgo

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Quote from: BeGoods on April 27, 2019, 12:25:43 AM

Quote from: playboy654 on April 26, 2019, 06:42:22 AM

I think one of the dangerous thing in cryptocurrency is holding because there are so much risk involved in your holding because it was not valuable then our work and giving time was absolutely waste so you need to be more free minded in this think then only if anything was happened you need to be get away from without any problem.

I think the dangerous thing about holding is patience that you don't have, because that will make everything you wait so long to be in
vain. the market will move up and down and if you don't have high patience, holding won't mean anything

You could be right because without patience investors will panic due to the price volatility.
Price will pump and dump, and it's not normal so those who did not fully understand how the market behave, might panic and sell at a loss, that's the risk.

BeGoods

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Quote from: playboy654 on April 26, 2019, 06:42:22 AM

I think one of the dangerous thing in cryptocurrency is holding because there are so much risk involved in your holding because it was not valuable then our work and giving time was absolutely waste so you need to be more free minded in this think then only if anything was happened you need to be get away from without any problem.

I think the dangerous thing about holding is patience that you don't have, because that will make everything you wait so long to be in
vain. the market will move up and down and if you don't have high patience, holding won't mean anything

Aivaryamal

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The danger of holders is that many altcoins can simply cease to exist, so you need to monitor the development of each project and pay at least once a month to optimize your portfolio

Dreamchaser21

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Quote from: bonker on April 26, 2019, 07:45:24 AM

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.

Sometimes we have to trust others as well because when we are holding huge amount of cryptos but we might died accidentally so who is going to access all those cryptos and give it to the welfare of your loved ones.

That will make more reasonable to hold more good coins because you know that when something bad happen to you, someone will help your family survive and give them your hard earned money. I trust my family and i want to work harder because of them, we have to find good reason why we want to earn more.

Romanianz

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Quote from: Ipwich on April 26, 2019, 10:20:48 PM

Quote from: aervin11 on April 26, 2019, 08:49:48 AM

Quote from: playboy654 on April 26, 2019, 06:42:22 AM

I think one of the dangerous thing in cryptocurrency is holding because there are so much risk involved in your holding because it was not valuable then our work and giving time was absolutely waste so you need to be more free minded in this think then only if anything was happened you need to be get away from without any problem.

IMHO, you just hold a crypto that you think that has long term potential, either you earn or you lose it's value you must be ready for that before entering. As OP stated the dangers of a hodler, take into consideration not to do those things, this is not a financial advice but a worthy and humane one, take it from the HODLers

Danger or risk, it's the same, once we buy a coin and we hold it, the risk starts as we can loss our money too.
Our purpose is to make profit either short term or long term, but if we are confident with what we are holding, we will never get panic because we
know it has its time to rise. Investors who easily panic has no room for success here in crypto.

I think when traders trade on exchanges and are easily affected by bad news it will make you lose because of course you will not be able to calm down, while to be able to get profits when trading you must be calm.

Topic: Dangers of a HODL’er: - page 3. (Read 1895 times)