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Topic: Dangers of a HODL’er: - page 8. (Read 1842 times)
I guess the danger which is being discussed here only applies to short term HODLer. Holding it since 2016 end, so even now when its falling If I see, I realize, still I am in good position. People who bought at 20k USD, I would say hodling will get them to where they want to be. And recently IMF supporting crypto, its more clear what is coming in the future.
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.
Well, not all holders by the way. A lot of newbies who came into this market late last year did not actually have the mind to hold, but they were forced to hold by their mentality of getting rich overnight based on some promises they decided to give themselves out of greed. There is no danger of holding in the long term as long as you know what you are holding has potential, there is only a huge danger in the short term when you are so much focused at it, and you get all emotional selling at loss, and in that case, such people always end up regretting those actions in the long run.a lot of people came into this space with some promises of getting rich overnight and they are now stuck in between the deep blue sea (their mind) and the red sea (the market), with confusion and fear all over them.
These are the problems for the people who do not have the plans of holding for years. I am a long term holder and holding bitcoins from the price range of $220 to $300 from the year of 2015 and I am not finding any danger, OP is talking about. Plan for decades and skip all the hassles.
For long-term investment, the most important thing is to find the right entry point to the market. I heard a lot of stories about how people bought 15-20k bitcoins during the HYIP around him. Some people took out loans to invest.
I don't know what danger of HODL'er means to you, let's say like me holding a BTC for almost 3 years from a price start of less than 1k USD then sold some of it @ nearly 20k ATH from January , then price drop to almost 5k then buy and hold it again for another 2 to 3 years plus the holding the remaining BTC bought 3 years ago. So does it really mean it would put me in danger with that kind of simple and boring holding strategy ? Since i gain more than 15x from my initial capital of less than 1k, 850 USD approx.
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.
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.
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.
I would say that it all depends on your aproach - if it's an investment (long term) then hodling and adding up at lower prices is ok. If you trade though, it just makes absolutely no sense to hodl when you could be shorting for example and increasing the amount of coins you'll have by the end of the day.
Thing is trading is tough
Nonetheless, at the same time, a lot of people came into this space with some promises of getting rich overnight and they are now stuck in between the deep blue sea (their mind) and the red sea (the market), with confusion and fear all over them. That is what happens when you hit a market without a plan and with a wrong mentality.
Do not be afraid of this situation in the market, all the prerequisites for a bullish trend are available, while planting hamsters and investors who are afraid
it has become a risk of all traders holding assets they have and the market conditions are also falling, I'm sure that will make traders panic and want to sell their assets but you have to know that when you do that you will lose because of selling at low prices.
I was one of the people who panicked when the price of bitcoin declined, and of course I became a loss at this time. well, I sold the price of bitcoin at its lowest point in panic, and that was my fault. well, that's all the risk of holding a coin. 
it has become a risk of all traders holding assets they have and the market conditions are also falling, I'm sure that will make traders panic and want to sell their assets but you have to know that when you do that you will lose because of selling at low prices.
I would say that it all depends on your aproach - if it's an investment (long term) then hodling and adding up at lower prices is ok. If you trade though, it just makes absolutely no sense to hodl when you could be shorting for example and increasing the amount of coins you'll have by the end of the day.
Thing is trading is tough
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.
Just because it has been going further down this year doesn't mean holding coins is a bad idea. I had money during the lows of 2017 and kept my money in there and sold most of it during the 2017 sky times as well as selling it during these late week troubles as well, I have to cash out every time I get paid.
The trouble of generalization like this is that you are telling people there is a risk of your money going down from 20 thousand dollar levels to 5 thousand dollar levels but you are missing out the fact that there was people who had money when it went from hundreds of dollars to 20 thousand dollars. Bitcoin literally triple itself in just a month last year. So yeah, there are risks of holding bitcoin and other crypto currencies but there is also a huge potential you can never see anywhere else.
The trouble of generalization like this is that you are telling people there is a risk of your money going down from 20 thousand dollar levels to 5 thousand dollar levels but you are missing out the fact that there was people who had money when it went from hundreds of dollars to 20 thousand dollars. Bitcoin literally triple itself in just a month last year. So yeah, there are risks of holding bitcoin and other crypto currencies but there is also a huge potential you can never see anywhere else.
I do really believe that crypto investment is somehow needs to be tied up with some luck because we wont know on which one would really able to have an active development ahead.
They might be good on initial phase but on long term process they completely stop and failed which would cause for the dump and leave you into the situation of waiting forever.
They might be good on initial phase but on long term process they completely stop and failed which would cause for the dump and leave you into the situation of waiting forever.
Of all the replies above, this is the one that so many traders ignore. Luck!
So many people tell you about strategies that work, how they made 90% or 99% successful trades last year, how every price change was something they called all the time ago. But they weirdly just don't stop for a moment to think that maybe they just got lucky.
Not saying it's all pure luck, but people should recognize that sometimes, things go your way but not for the reasons you think. And it's 50/50 some days whether price goes up or down.
Can I add one more thing, it is the danger of choosing a wrong storage of funds or coins. Most holders are putting their investment in a closed source wallet or exchange. They buy great volume of coin not knowing that they don't have full control of their funds. Holding should be in an open source wallet (like Holder wallet) so you could see any potential vulnerabilities and get it easily fixed. I always discouraged people to store on exchanges because the fund can be stole anytime tge third party wanted.
Holding is not dangerous; it just basically depends on your state of mind in most situations.As long as you know what you are doing, you won't have a problem in any situation either you are holding or trading.
At least, before deciding to become a holder, it is simply because you have no trading knowledge, and by understanding the market, the short term volatility as well as the long term potential, then you will know what you are investing into is the future and not now, and you will even take opportunity of anything that happens to the downside.
Always think smart, as that is the best way you can at least get great benefits in anything you do.
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.
Basically, what went down with what you did mate is the length of time. Although Hodling in this market really entail a period of time, it still variesa and trying to think that the longer you hold a coin would make its value increase is not so applicable now since the market has always been in a bad spot, and more than increases, many token lose their value or even die out. Therefore, short term investments are better these days.
That is truth if we can just invest and holds for a very long time there is no way we would not make profits. Trading is a game and you have to play it well in other to be able to make profits. I decided to focus on ethereum and ripple this days because there are too cheap and if one can buy them now hold for the next three years there is no way you will not make profits.
Yes, I think it's time to buy ETH and XRP these days while these coins are really in sale. The future of these coins are bright and full of potential. These two altcoins are battling for the second and third places. Holding maybe for at least 3 years would be good. Imagine you're just like investing in an insurance company. Aside from these altcoins, you can distribute your capital in buying BTC also. However, the danger of holding comes when you're holding not so significant coins. Though this offers higher profit for sure, but a much higher risk.
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.
As I can see with, the danger of being Holder is if the coin you keep it in a long term is not a potential altcoins, though for you it was a good coin. Then, you hold it for a months until years come but in the end it is just a piece of shit useless coins instead of increasing it decrease its value. Don't just get easily believe in the rumors of the crypto news in this field of industry.
That is truth if we can just invest and holds for a very long time there is no way we would not make profits. Trading is a game and you have to play it well in other to be able to make profits. I decided to focus on ethereum and ripple this days because there are too cheap and if one can buy them now hold for the next three years there is no way you will not make profits.
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