Topic: Did you stick to the HOLD philosophy (Read 207 times)
I believe that is the HODL philosophy you're talking about. The facts speak for themselves. Anyone who HODL'd BTC in any period over the past 2-3 years is way better off. Even in the current downtown, the only people in the red are those who bought in at the all-time highs within the last 3 months. If you bought before then, you're still smiling, though not as much as you were in December. The market will recover and start to move up once again, and those who have been HODLing bags for months will be the ones laughing.
let me give you a little bit of my memoir!
i started getting involved with bitcoin back in 2014 when price was about $550. after a while i started buying bitcoin too. price continued to fall, i didn't give a shit! i was happy i could buy more bitcoin then.
price reached $150 i was on cloud nine because i could buy even more bitcoin thanks to that drop.
i continued buying, and a while passed bitcoin got closer to $500 again when they started the FUD campaign that bitcoin is dead. Mike Hearn to be exact said bitcoin is dead and will disappear in a short while. long story short price fell down to $300, i still didn't give a shit and was happy i could buy more.
not much has changed about my strategy. now imagine how much money i own and will own in the future
i started getting involved with bitcoin back in 2014 when price was about $550. after a while i started buying bitcoin too. price continued to fall, i didn't give a shit! i was happy i could buy more bitcoin then.
price reached $150 i was on cloud nine because i could buy even more bitcoin thanks to that drop.
i continued buying, and a while passed bitcoin got closer to $500 again when they started the FUD campaign that bitcoin is dead. Mike Hearn to be exact said bitcoin is dead and will disappear in a short while. long story short price fell down to $300, i still didn't give a shit and was happy i could buy more.
not much has changed about my strategy. now imagine how much money i own and will own in the future
I just wanted to gauge what people did and why.
If you had BTC from October 2017 or earlier, maybe 1 maybe 100 and some with more I'm sure.
Did you sell in December? With the insane rise in price which was due for a correction how many people sold at or near peak and maybe set aside some for a correction to buy back in the Dip.
I ask because with the opportunity to cash out for FIAT which still makes the world go around it seems like selling at 20 000+ (CAD) makes sense. I hear a lot of people who say HOLD and hoard essentially, and to each their own; but I find myself wondering at what point do you sell if that is your philosophy.
Maybe you didn't sell; maybe you sold a few or dumped it all.
I myself didn't have much; I had amassed a small amount that I was portioning off to HOLD, but what I was holding was instantly sold at the peak or used to buy equipment mostly because I had a feeling that it was going to be worth about 50% in the near future. The price stayed higher for longer than I though but it also fell lower than I thought. I might have been completely wrong it may have continued to rise but in the end I was happy with the decision I made. I can always mine more...well some (damn difficulty lol)
Imagine if bitcoin will continue to grow in a perspective from the ATH ($19800+), do you think it can double its capacity to accomodate large transactions a day? We HOLD ofcourse in a certain time frame or target selling price, but look at the other scenarios that can affect the coins in terms of its platform. Its better to set a selling price that theoretically correct to earn sure profit rather than HOLD Philosophy that can also have a risk if a certain project could not develop anymore. If you had BTC from October 2017 or earlier, maybe 1 maybe 100 and some with more I'm sure.
Did you sell in December? With the insane rise in price which was due for a correction how many people sold at or near peak and maybe set aside some for a correction to buy back in the Dip.
I ask because with the opportunity to cash out for FIAT which still makes the world go around it seems like selling at 20 000+ (CAD) makes sense. I hear a lot of people who say HOLD and hoard essentially, and to each their own; but I find myself wondering at what point do you sell if that is your philosophy.
Maybe you didn't sell; maybe you sold a few or dumped it all.
I myself didn't have much; I had amassed a small amount that I was portioning off to HOLD, but what I was holding was instantly sold at the peak or used to buy equipment mostly because I had a feeling that it was going to be worth about 50% in the near future. The price stayed higher for longer than I though but it also fell lower than I thought. I might have been completely wrong it may have continued to rise but in the end I was happy with the decision I made. I can always mine more...well some (damn difficulty lol)
I just wanted to gauge what people did and why.
If you had BTC from October 2017 or earlier, maybe 1 maybe 100 and some with more I'm sure.
Did you sell in December? With the insane rise in price which was due for a correction how many people sold at or near peak and maybe set aside some for a correction to buy back in the Dip.
I ask because with the opportunity to cash out for FIAT which still makes the world go around it seems like selling at 20 000+ (CAD) makes sense. I hear a lot of people who say HOLD and hoard essentially, and to each their own; but I find myself wondering at what point do you sell if that is your philosophy.
Maybe you didn't sell; maybe you sold a few or dumped it all.
I myself didn't have much; I had amassed a small amount that I was portioning off to HOLD, but what I was holding was instantly sold at the peak or used to buy equipment mostly because I had a feeling that it was going to be worth about 50% in the near future. The price stayed higher for longer than I though but it also fell lower than I thought. I might have been completely wrong it may have continued to rise but in the end I was happy with the decision I made. I can always mine more...well some (damn difficulty lol)
If you had BTC from October 2017 or earlier, maybe 1 maybe 100 and some with more I'm sure.
Did you sell in December? With the insane rise in price which was due for a correction how many people sold at or near peak and maybe set aside some for a correction to buy back in the Dip.
I ask because with the opportunity to cash out for FIAT which still makes the world go around it seems like selling at 20 000+ (CAD) makes sense. I hear a lot of people who say HOLD and hoard essentially, and to each their own; but I find myself wondering at what point do you sell if that is your philosophy.
Maybe you didn't sell; maybe you sold a few or dumped it all.
I myself didn't have much; I had amassed a small amount that I was portioning off to HOLD, but what I was holding was instantly sold at the peak or used to buy equipment mostly because I had a feeling that it was going to be worth about 50% in the near future. The price stayed higher for longer than I though but it also fell lower than I thought. I might have been completely wrong it may have continued to rise but in the end I was happy with the decision I made. I can always mine more...well some (damn difficulty lol)
To be honest, if I'm in the same situation I will sell some of the coins I have. If I have 1 BTC, I will sell it last December because the price is in its peak. If you have 100 BTC, I don't think they will allow you to convert all of it at the same time so you have no choice but to HOLD it. In our country, converting BTC to money has its limit and there is a possibility that you will be questioned if you converted a huge amount of BTC. You are lucky you were able to convert 2 BTC without hassle.
My situation is the same as yours, my country can not convert a large amount of bitcoin into currency， this is a limitation. Converting large amounts of bitcoin, you may be investigated by the police when you put the legal tender into the bank , they will think you are money laundering, so some people can only be forced to hold bitcoin.
I just wanted to gauge what people did and why.
If you had BTC from October 2017 or earlier, maybe 1 maybe 100 and some with more I'm sure.
Did you sell in December? With the insane rise in price which was due for a correction how many people sold at or near peak and maybe set aside some for a correction to buy back in the Dip.
I ask because with the opportunity to cash out for FIAT which still makes the world go around it seems like selling at 20 000+ (CAD) makes sense. I hear a lot of people who say HOLD and hoard essentially, and to each their own; but I find myself wondering at what point do you sell if that is your philosophy.
Maybe you didn't sell; maybe you sold a few or dumped it all.
I myself didn't have much; I had amassed a small amount that I was portioning off to HOLD, but what I was holding was instantly sold at the peak or used to buy equipment mostly because I had a feeling that it was going to be worth about 50% in the near future. The price stayed higher for longer than I though but it also fell lower than I thought. I might have been completely wrong it may have continued to rise but in the end I was happy with the decision I made. I can always mine more...well some (damn difficulty lol)
If you had BTC from October 2017 or earlier, maybe 1 maybe 100 and some with more I'm sure.
Did you sell in December? With the insane rise in price which was due for a correction how many people sold at or near peak and maybe set aside some for a correction to buy back in the Dip.
I ask because with the opportunity to cash out for FIAT which still makes the world go around it seems like selling at 20 000+ (CAD) makes sense. I hear a lot of people who say HOLD and hoard essentially, and to each their own; but I find myself wondering at what point do you sell if that is your philosophy.
Maybe you didn't sell; maybe you sold a few or dumped it all.
I myself didn't have much; I had amassed a small amount that I was portioning off to HOLD, but what I was holding was instantly sold at the peak or used to buy equipment mostly because I had a feeling that it was going to be worth about 50% in the near future. The price stayed higher for longer than I though but it also fell lower than I thought. I might have been completely wrong it may have continued to rise but in the end I was happy with the decision I made. I can always mine more...well some (damn difficulty lol)
Taxes play a huge role in HOLDing mentality. You might as well ride this crypto roller coaster considering this very well may be the last massive opportunity in our lifetimes to make such huge gains in such small amount of time. Its easy to HODL under that assumption
If only every one would buy 1 bitcoin, we would have a much higher price than we have now.
I just wanted to gauge what people did and why.
If you had BTC from October 2017 or earlier, maybe 1 maybe 100 and some with more I'm sure.
Did you sell in December? With the insane rise in price which was due for a correction how many people sold at or near peak and maybe set aside some for a correction to buy back in the Dip.
I ask because with the opportunity to cash out for FIAT which still makes the world go around it seems like selling at 20 000+ (CAD) makes sense. I hear a lot of people who say HOLD and hoard essentially, and to each their own; but I find myself wondering at what point do you sell if that is your philosophy.
Maybe you didn't sell; maybe you sold a few or dumped it all.
I myself didn't have much; I had amassed a small amount that I was portioning off to HOLD, but what I was holding was instantly sold at the peak or used to buy equipment mostly because I had a feeling that it was going to be worth about 50% in the near future. The price stayed higher for longer than I though but it also fell lower than I thought. I might have been completely wrong it may have continued to rise but in the end I was happy with the decision I made. I can always mine more...well some (damn difficulty lol)
If you had BTC from October 2017 or earlier, maybe 1 maybe 100 and some with more I'm sure.
Did you sell in December? With the insane rise in price which was due for a correction how many people sold at or near peak and maybe set aside some for a correction to buy back in the Dip.
I ask because with the opportunity to cash out for FIAT which still makes the world go around it seems like selling at 20 000+ (CAD) makes sense. I hear a lot of people who say HOLD and hoard essentially, and to each their own; but I find myself wondering at what point do you sell if that is your philosophy.
Maybe you didn't sell; maybe you sold a few or dumped it all.
I myself didn't have much; I had amassed a small amount that I was portioning off to HOLD, but what I was holding was instantly sold at the peak or used to buy equipment mostly because I had a feeling that it was going to be worth about 50% in the near future. The price stayed higher for longer than I though but it also fell lower than I thought. I might have been completely wrong it may have continued to rise but in the end I was happy with the decision I made. I can always mine more...well some (damn difficulty lol)
Taxes play a huge role in HOLDing mentality. You might as well ride this crypto roller coaster considering this very well may be the last massive opportunity in our lifetimes to make such huge gains in such small amount of time. Its easy to HODL under that assumption
that's why no one knows the future. and no one knows if bitcoin will dump like this. and I had time to think that sometimes the hold is not the maximum way. and finally I think if we trade and gradually make a profit then it will be better than we hold.
and i'm grateful I have sold some in late December. and maybe I will buy back at this time.
and i'm grateful I have sold some in late December. and maybe I will buy back at this time.
I am sure I will insist because if this sale now, I will have a lot of losses, then it is better to wait for the bitcoin back, I believe bitcoin,
Lol.. Mostly HODL is better than trading if you are new to the crypto world. Most of people lost money due to lack of knowledge and analytical skills. I also done wrong at first place. HODL will save your ass and also return the best if you have the patient
Really? I honestly feel that HODLING would only work during crazy bull runs like the one we had in December 17. Back then, you could make 2x profits buying anything off the Crypto market..
Lol.. Mostly HODL is better than trading if you are new to the crypto world. Most of people lost money due to lack of knowledge and analytical skills. I also done wrong at first place. HODL will save your ass and also return the best if you have the patient
I also hold on to my bitcoin, but it's not entirely, and I also make trades and also make a flat deposit for my backup when bitcoin prices go down, and I calm down with what's going on with bitcoin.
I just wanted to gauge what people did and why.
If you had BTC from October 2017 or earlier, maybe 1 maybe 100 and some with more I'm sure.
Did you sell in December? With the insane rise in price which was due for a correction how many people sold at or near peak and maybe set aside some for a correction to buy back in the Dip.
I ask because with the opportunity to cash out for FIAT which still makes the world go around it seems like selling at 20 000+ (CAD) makes sense. I hear a lot of people who say HOLD and hoard essentially, and to each their own; but I find myself wondering at what point do you sell if that is your philosophy.
Maybe you didn't sell; maybe you sold a few or dumped it all.
I myself didn't have much; I had amassed a small amount that I was portioning off to HOLD, but what I was holding was instantly sold at the peak or used to buy equipment mostly because I had a feeling that it was going to be worth about 50% in the near future. The price stayed higher for longer than I though but it also fell lower than I thought. I might have been completely wrong it may have continued to rise but in the end I was happy with the decision I made. I can always mine more...well some (damn difficulty lol)
If you had BTC from October 2017 or earlier, maybe 1 maybe 100 and some with more I'm sure.
Did you sell in December? With the insane rise in price which was due for a correction how many people sold at or near peak and maybe set aside some for a correction to buy back in the Dip.
I ask because with the opportunity to cash out for FIAT which still makes the world go around it seems like selling at 20 000+ (CAD) makes sense. I hear a lot of people who say HOLD and hoard essentially, and to each their own; but I find myself wondering at what point do you sell if that is your philosophy.
Maybe you didn't sell; maybe you sold a few or dumped it all.
I myself didn't have much; I had amassed a small amount that I was portioning off to HOLD, but what I was holding was instantly sold at the peak or used to buy equipment mostly because I had a feeling that it was going to be worth about 50% in the near future. The price stayed higher for longer than I though but it also fell lower than I thought. I might have been completely wrong it may have continued to rise but in the end I was happy with the decision I made. I can always mine more...well some (damn difficulty lol)
That is why I think that the notion of "HODLing for as long as you can" is greatly flawed irl. I always find it quite funny when people are saying "Hold and believe in bitcoin" or "hodl hodl hodl!" because, for me, doing so is very unrealistic. The main point of investing is to get profit. And by profit, meaning you have to cash out your bitcoins to Fiat to have real value because if not they will just be codes. I don't suppose you want to hold your bitcoins for the rest of your life until you die right? You have to take chances because that's how it works in reality.
I just wanted to gauge what people did and why.
If you had BTC from October 2017 or earlier, maybe 1 maybe 100 and some with more I'm sure.
Did you sell in December? With the insane rise in price which was due for a correction how many people sold at or near peak and maybe set aside some for a correction to buy back in the Dip.
I ask because with the opportunity to cash out for FIAT which still makes the world go around it seems like selling at 20 000+ (CAD) makes sense. I hear a lot of people who say HOLD and hoard essentially, and to each their own; but I find myself wondering at what point do you sell if that is your philosophy.
Maybe you didn't sell; maybe you sold a few or dumped it all.
I myself didn't have much; I had amassed a small amount that I was portioning off to HOLD, but what I was holding was instantly sold at the peak or used to buy equipment mostly because I had a feeling that it was going to be worth about 50% in the near future. The price stayed higher for longer than I though but it also fell lower than I thought. I might have been completely wrong it may have continued to rise but in the end I was happy with the decision I made. I can always mine more...well some (damn difficulty lol)
If you had BTC from October 2017 or earlier, maybe 1 maybe 100 and some with more I'm sure.
Did you sell in December? With the insane rise in price which was due for a correction how many people sold at or near peak and maybe set aside some for a correction to buy back in the Dip.
I ask because with the opportunity to cash out for FIAT which still makes the world go around it seems like selling at 20 000+ (CAD) makes sense. I hear a lot of people who say HOLD and hoard essentially, and to each their own; but I find myself wondering at what point do you sell if that is your philosophy.
Maybe you didn't sell; maybe you sold a few or dumped it all.
I myself didn't have much; I had amassed a small amount that I was portioning off to HOLD, but what I was holding was instantly sold at the peak or used to buy equipment mostly because I had a feeling that it was going to be worth about 50% in the near future. The price stayed higher for longer than I though but it also fell lower than I thought. I might have been completely wrong it may have continued to rise but in the end I was happy with the decision I made. I can always mine more...well some (damn difficulty lol)
To be honest, if I'm in the same situation I will sell some of the coins I have. If I have 1 BTC, I will sell it last December because the price is in its peak. If you have 100 BTC, I don't think they will allow you to convert all of it at the same time so you have no choice but to HOLD it. In our country, converting BTC to money has its limit and there is a possibility that you will be questioned if you converted a huge amount of BTC. You are lucky you were able to convert 2 BTC without hassle.
I did but as a poster alluded to just now it was mainly a tax decision. If I had gotten out last year it would have been less than a year which means substantially more tax. Believe me I wanted to sell in between 15-19k it felt too high to be real and it was. I will practice this method this year though because the tax thing shouldn't be an issue at that point in time.
I just wanted to gauge what people did and why.
If you had BTC from October 2017 or earlier, maybe 1 maybe 100 and some with more I'm sure.
Did you sell in December? With the insane rise in price which was due for a correction how many people sold at or near peak and maybe set aside some for a correction to buy back in the Dip.
I ask because with the opportunity to cash out for FIAT which still makes the world go around it seems like selling at 20 000+ (CAD) makes sense. I hear a lot of people who say HOLD and hoard essentially, and to each their own; but I find myself wondering at what point do you sell if that is your philosophy.
Maybe you didn't sell; maybe you sold a few or dumped it all.
I myself didn't have much; I had amassed a small amount that I was portioning off to HOLD, but what I was holding was instantly sold at the peak or used to buy equipment mostly because I had a feeling that it was going to be worth about 50% in the near future. The price stayed higher for longer than I though but it also fell lower than I thought. I might have been completely wrong it may have continued to rise but in the end I was happy with the decision I made. I can always mine more...well some (damn difficulty lol)
If you had BTC from October 2017 or earlier, maybe 1 maybe 100 and some with more I'm sure.
Did you sell in December? With the insane rise in price which was due for a correction how many people sold at or near peak and maybe set aside some for a correction to buy back in the Dip.
I ask because with the opportunity to cash out for FIAT which still makes the world go around it seems like selling at 20 000+ (CAD) makes sense. I hear a lot of people who say HOLD and hoard essentially, and to each their own; but I find myself wondering at what point do you sell if that is your philosophy.
Maybe you didn't sell; maybe you sold a few or dumped it all.
I myself didn't have much; I had amassed a small amount that I was portioning off to HOLD, but what I was holding was instantly sold at the peak or used to buy equipment mostly because I had a feeling that it was going to be worth about 50% in the near future. The price stayed higher for longer than I though but it also fell lower than I thought. I might have been completely wrong it may have continued to rise but in the end I was happy with the decision I made. I can always mine more...well some (damn difficulty lol)
Taxes play a huge role in HOLDing mentality. You might as well ride this crypto roller coaster considering this very well may be the last massive opportunity in our lifetimes to make such huge gains in such small amount of time. Its easy to HODL under that assumption
I just wanted to gauge what people did and why.
If you had BTC from October 2017 or earlier, maybe 1 maybe 100 and some with more I'm sure.
Did you sell in December? With the insane rise in price which was due for a correction how many people sold at or near peak and maybe set aside some for a correction to buy back in the Dip.
I ask because with the opportunity to cash out for FIAT which still makes the world go around it seems like selling at 20 000+ (CAD) makes sense. I hear a lot of people who say HOLD and hoard essentially, and to each their own; but I find myself wondering at what point do you sell if that is your philosophy.
Maybe you didn't sell; maybe you sold a few or dumped it all.
I myself didn't have much; I had amassed a small amount that I was portioning off to HOLD, but what I was holding was instantly sold at the peak or used to buy equipment mostly because I had a feeling that it was going to be worth about 50% in the near future. The price stayed higher for longer than I though but it also fell lower than I thought. I might have been completely wrong it may have continued to rise but in the end I was happy with the decision I made. I can always mine more...well some (damn difficulty lol)
If you had BTC from October 2017 or earlier, maybe 1 maybe 100 and some with more I'm sure.
Did you sell in December? With the insane rise in price which was due for a correction how many people sold at or near peak and maybe set aside some for a correction to buy back in the Dip.
I ask because with the opportunity to cash out for FIAT which still makes the world go around it seems like selling at 20 000+ (CAD) makes sense. I hear a lot of people who say HOLD and hoard essentially, and to each their own; but I find myself wondering at what point do you sell if that is your philosophy.
Maybe you didn't sell; maybe you sold a few or dumped it all.
I myself didn't have much; I had amassed a small amount that I was portioning off to HOLD, but what I was holding was instantly sold at the peak or used to buy equipment mostly because I had a feeling that it was going to be worth about 50% in the near future. The price stayed higher for longer than I though but it also fell lower than I thought. I might have been completely wrong it may have continued to rise but in the end I was happy with the decision I made. I can always mine more...well some (damn difficulty lol)
Yes I decide to stick with it because day trading done me so wrong. If I HODL all those coins that I was trading I will have a nice capital.
I just wanted to gauge what people did and why.
If you had BTC from October 2017 or earlier, maybe 1 maybe 100 and some with more I'm sure.
Did you sell in December? With the insane rise in price which was due for a correction how many people sold at or near peak and maybe set aside some for a correction to buy back in the Dip.
I ask because with the opportunity to cash out for FIAT which still makes the world go around it seems like selling at 20 000+ (CAD) makes sense. I hear a lot of people who say HOLD and hoard essentially, and to each their own; but I find myself wondering at what point do you sell if that is your philosophy.
Maybe you didn't sell; maybe you sold a few or dumped it all.
I myself didn't have much; I had amassed a small amount that I was portioning off to HOLD, but what I was holding was instantly sold at the peak or used to buy equipment mostly because I had a feeling that it was going to be worth about 50% in the near future. The price stayed higher for longer than I though but it also fell lower than I thought. I might have been completely wrong it may have continued to rise but in the end I was happy with the decision I made. I can always mine more...well some (damn difficulty lol)
If you had BTC from October 2017 or earlier, maybe 1 maybe 100 and some with more I'm sure.
Did you sell in December? With the insane rise in price which was due for a correction how many people sold at or near peak and maybe set aside some for a correction to buy back in the Dip.
I ask because with the opportunity to cash out for FIAT which still makes the world go around it seems like selling at 20 000+ (CAD) makes sense. I hear a lot of people who say HOLD and hoard essentially, and to each their own; but I find myself wondering at what point do you sell if that is your philosophy.
Maybe you didn't sell; maybe you sold a few or dumped it all.
I myself didn't have much; I had amassed a small amount that I was portioning off to HOLD, but what I was holding was instantly sold at the peak or used to buy equipment mostly because I had a feeling that it was going to be worth about 50% in the near future. The price stayed higher for longer than I though but it also fell lower than I thought. I might have been completely wrong it may have continued to rise but in the end I was happy with the decision I made. I can always mine more...well some (damn difficulty lol)
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