Dangers of a HODL’er: - page 7. | Bitcointalksearch.org

jagdeepjd

sr. member

Activity: 700

Merit: 251

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

Not all of them but I have followed a few of the principles for some of my coins which I am looking to hold for long term. The current market condition does give a tough time when the holding coins go deep down which I never thought. But hopefully, it will be worth it.

chenille

full member

Activity: 428

Merit: 172

chenille!

HODL is a very good strategy if you don't want to waste your time with trading. But it's very important to get the right entry. If you enter in a hype, when price is enormously overvalued HODL is a very bad strategy. But if you enter in a market situation when the price is very low again (maybe like now, we are down from ATH around 80%) is perfect to enter for long term.

You can just buy some coins, deposit them on a safe wallet and look for a sell in maybe a few years. Every month you can check the value to get an impression if you can sell already. But most profits will occure in the long-term.

bravehearth0319

hero member

Activity: 1022

Merit: 500

Quote from: enawati on October 14, 2018, 02:46:57 AM

I was hold some good coin since september last year untill now but the result is very bad, i loss more than 80% . And from this case i will never to be hodler again, i think will be more profitable to do swing trading or day trading. Holder can be make profit in more than 3 years and i can not wait for that long.

May I know what coin is that mate that you are holding it since last year as you said in your statement?
Because for me one of the risk of being a holder is that if you choose the coin which is totally wrong and don't have any
capacity to increase in the near future.

coinplus

legendary

Activity: 1386

Merit: 1058

The trouble with these type of people is that they have been in bitcoin for short amount of time and only saw the direction that it took for 2018 and decide that holding is a bad investment to bitcoin.

However, they are wrong because of two things, first of all if you have been holding for the past 3 years you probably made more money thanks to bitcoin than anything else in your entire life since it was incredibly cheap three years ago. That's the first thing they are wrong, only the people who have been holding for 1 year has "lost" money (not lost if you don't sell) but all others made profits.

Secondly if you ask anyone and I mean ANYONE if they believe bitcoin will be higher in 10 years they will say yes, even the people who hate bitcoin will have to agree bitcoin will be a lot more in 10 years and will bring more profits to you compared to any other investment.

gabmen

hero member

Activity: 1246

Merit: 529

CryptoTalk.Org - Get Paid for every Post!

Quote from: nebiki on December 02, 2018, 02:02:37 AM

hold is very harmless even this will save us from danger. hold is the most suitable choice when the market is unstable and the price of the coin falls. indeed, waiting is boring, but after we get the results, the boredom will pay off.

Harmless? Nope! Hodling may be safer than active trading but it does not guarantee profit. That's because we don't know what the future of the coin we're holding could be. The danger is missing out on a coin's peak or close to it, and then the coin crashes. That's why it's important to have a target point of exit when you hodl.

ufaiz50

hero member

Activity: 1666

Merit: 502

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

what you say is true, the danger of trading always focuses on the percentage of daily ups and downs, in my opinion it fosters tension in the brain (panic), then invests that we don't know in the future with using money that you shouldn't be? but if the money belongs to him then it is fine in my opinion.

nebiki

sr. member

Activity: 742

Merit: 250

hold is very harmless even this will save us from danger. hold is the most suitable choice when the market is unstable and the price of the coin falls. indeed, waiting is boring, but after we get the results, the boredom will pay off.

jrrsparkles

sr. member

Activity: 2520

Merit: 280

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: MMS2017 on November 29, 2018, 10:53:09 AM

II have watched the market for the last two years and now i realized that holder can face so many things in their holding period but if they have committed and they are ready for the risk so came into the crypto side and they invest their money for time to make money and due to this they hold for more than what they have expected some times and holding is best when there is potential in the market.

Liquidity is high in the crypto currencies but actually not if we want to make profits we need to wait for the right time to sell our coins than only it can be an successful investment.But we all are just holding in the hope we never know it will happen or not so just need to be ready for face it or move to some other investment with 100% security for your investment.

panganib999

hero member

Activity: 1750

Merit: 589

Quote from: alentmay on December 01, 2018, 03:07:13 AM

Quote from: Arthurian60 on November 23, 2018, 02:17:43 AM

Everything has advantages and disadvantages. When you hold at a particular time, it tend to favour you because at a time you don't expect, the assets begin to Moon of increase in value. But sometimes, Holding can he risky. You hold and your entire money goes into the wind.

Holding may only be risky in the short term if the market goes down, or probably in the long term if the market ends up dead. But considering the former, the only thing you have to do is just to be patient as long as you know what you are holding has a great potential and for the latter, there is no way something with a great potential will quickly just die off like that, considering the fact that this is not the first time that bitcoin is going to be experiencing something of this nature and this is basically not going to be the last time, but how you are able to play smart in every situation that counts.

Holding is the best strategy of all time when the market goes down and takes a really long temper and patience to garner its fruit. Engaging to this industry, i already know that i need a really long long patience since market is very volatile and never gets stable. Holding is win win situation when you execute it perfectly on perfect time.

b3llsf1l3s

member

Activity: 616

Merit: 12

Send&Receive Money Instantly, w/ no hidden costs

Quote from: damar09 on November 16, 2018, 02:12:28 AM

I dont know what happen on cryptocurrency
Seeing the current price is astounding for me in 2018 is a year full of surprises for cryptocurrency holders

yes, very sorry for those who have bought bitcoin and altcoin in the ATH point, but actually it also depends on the purpose we buy the coin, whether for scalping, short-term or for the long term. If the market is bleed like right now, it's better to scalping to avoid going down even further

alentmay

newbie

Activity: 67

Merit: 0

Quote from: Arthurian60 on November 23, 2018, 02:17:43 AM

Everything has advantages and disadvantages. When you hold at a particular time, it tend to favour you because at a time you don't expect, the assets begin to Moon of increase in value. But sometimes, Holding can he risky. You hold and your entire money goes into the wind.

Holding may only be risky in the short term if the market goes down, or probably in the long term if the market ends up dead. But considering the former, the only thing you have to do is just to be patient as long as you know what you are holding has a great potential and for the latter, there is no way something with a great potential will quickly just die off like that, considering the fact that this is not the first time that bitcoin is going to be experiencing something of this nature and this is basically not going to be the last time, but how you are able to play smart in every situation that counts.

MMS2017

full member

Activity: 546

Merit: 100

II have watched the market for the last two years and now i realized that holder can face so many things in their holding period but if they have committed and they are ready for the risk so came into the crypto side and they invest their money for time to make money and due to this they hold for more than what they have expected some times and holding is best when there is potential in the market.

Pom_bensin

full member

Activity: 812

Merit: 100

holding danger is only done when holding a coin that does not have the slightest potential it can trigger a loss, but if you choose a good coin and potentially I don't think it is dangerous

astridwi

jr. member

Activity: 262

Merit: 2

each user has a strategy and the profit target they will get as well as a different investment portfolio with analysis and introduction of good market trends. Short-term investment with a trading model is profitable if you can do it well. if you are disciplined to get 2-5% per day then in one month you have obtained a satisfactory profit

Bezobraznike

sr. member

Activity: 1274

Merit: 261

★Bitvest.io★ Play Plinko or Invest!

Quote from: btcmegastar on November 29, 2018, 02:08:57 AM

I think people who are holding the coin in the long-term, will make a huge amount of money instead of people who are trading daily. So instead of bothering panic about the market, it is very good to keep holding your portfolio because in the coming days you might see the growth of coin price hugely.

It`s already happen, early adopters are nice example for that. For those who were buying Bitcoin under a dollar years ago, this price now is great.
Holding is when you believe in technology, and less in price, than you are not so concerned about price changes.
Holding and trading can`t be compared, trading is just a faster way to make money or coins, when something is fast it`s risky. I don`t think I`m risking
that much when I`m investing in technology of the future.

btcmegastar

member

Activity: 700

Merit: 12

I think people who are holding the coin in the long-term, will make a huge amount of money instead of people who are trading daily. So instead of bothering panic about the market, it is very good to keep holding your portfolio because in the coming days you might see the growth of coin price hugely.

guoyu78

hero member

Activity: 1190

Merit: 541

Quote from: adaseb on November 22, 2018, 04:28:04 AM

You need to realize that HODL is no different than holding a stock like Apple or Amazon. Since their IPO you would of been better off holding those stocks instead of selling anytime in the past decade. However there will come a time when a stock will reach its ATH and descent from there. There are many companies that are profitable in the past and then they start losing money.

So the HODL will work but it won't work forever.

My advice is don't sell into weakness only sell into strength. Basically selling at $4000 is not smart, wait for a bounce to $5000 or $6000 and sell then.

But in reality, people out of their impatience and greed tend to always lose hope pretty fast and are never focused on the long term but the possibilities of trying to make quick bucks in the short term. It is simple and plain, if you do not have a long term focus for a market, then the chances of bailing out quickly will always be there and that is what has differentiated those who have been holding earlier on and those who have bailed out at some point in the market. Right now, anyone who is smart should be looking for ways to get in, and monitoring the price action in the market for possible trend change, not to be selling at all.

futile-resistance

hero member

Activity: 840

Merit: 516

Quote from: anume123 on November 20, 2018, 08:10:15 PM

Holders already expect that bitcoin's price will go down big possibilities and same to Ethereum so many of holders already sell early for their altcoins so they dont loss big enough.

Yes some of them do expect price to fall, but there are a lot of them that are not aware that the price will fall. Some people, especially newbies, think that they are not going to lose money by investing funds in crypto.

They just think that crypto is a place for making easy money and they can just fund a wallet and expect it to multiply and make them thousands of dollars. But at last when it turns out to be the reverse of what I just said, you will see a lot of them calling it a scam.

Aivaryamal

full member

Activity: 1162

Merit: 101

Now is a great opportunity to buy cryptocurrencies from the top 100, because all the manipulations end and only all the prerequisites for the rapid growth of the digital market capitalization!

coinfinger

sr. member

Activity: 1638

Merit: 278

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

Bruh, I won’t really say these things you have mentioned are to be considered as dangers of holding cryptocurrency. These things are just natural and can happen to anyone.

If you want to talk about dangers of holding crypto you should go straight and mention the risks involved in holding crypto and the number one risk which people fear about holding a cryptocurrency is that they are very much likely to lose their money due to the market being unstable.

Topic: Dangers of a HODL’er: - page 7. (Read 1899 times)