Do you think that the HODL approach is good bitcoin? - page 8.

RadjorBlade

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Quote from: ganlianshifu1 on September 26, 2018, 05:40:11 AM

HODL plus currency is to maintain confidence, do not put your cryptocurrency in the exchange's wallet, extract to the local wallet!
Forget the current bear market, after a while to check the price of the market, continue HODL!

HODL is a long-term investment technique, it must withstand the temptation when prices go up and stay HODL until the price is exactly what you want. Not everyone is able to use this technique, because the temptation of the need and the fear of prices falling again, so many are pursuing short-term profits, a little profit is sold, then buy again when prices go down. So on.

Olayinka225

jr. member

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Hodling in cryptocurrency simply means hodling despite the market price of bitcoin. Yes I think hodling will a good approach to bitcoin in that it will definitely reduce the supply of bitcoin in the market and thereby increase the demand.

jpnl0008

jr. member

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Its a matter of personal decision if one feels its better to hold fine we all can into investing in bitcoin with different strategies and differnt perspectives so what ever approach is applied is the investors business

DisWhale

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The HODLing concept works best for Bitcoin, there is no doubts about that. Bitcoin is one of the few coins on the market which takes on new price records on a gradual basis. It does not follow the trend of pump and dump which can happen within some few hours to days. Bitcoin grows gradually and as such buying it at a low price now and holding for a long term will yield a good sum of profit as its bull market approaches.

Rostadom

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Honestly I wouldn't say that it is a good approach because you're better off doing other things with your money. The difference between the lazy people and the hardworking ones is that lazy people just wait for the profit. It's not like it's promised to us that bitcoin will indeed rise in price in the future. It's possible that it will, but it's also possible that it will not. Holding is just for people that have a lot of bitcoins but doesn't want to trade. Those that are only holding a small amount of bitcoin should do trading in order to make money. You have to actively try to make money if you want to make money with little capital.

Holding is good to those that are busy with other sources of income and doesn't really mind holding for a long time. Those who are waiting for the price of bitcoin to increase so they can finally put food on their table doesn't belong here. Plus, it's only the big players who truly make money from holding anyway.

JPSelzer

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I believe that bitcoin is a coin that can show itself only in the long term. When investing in bitcoin you should not expect big profits right away. It is slowly being adopted in many countries is actively introduced into our lives. These and many other reasons give reason to believe that its price will rise over time and it would be wise to keep it when such times come.

42K

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Holding approach to me is very important if the person holding want to HODL for the future. You can HODL for so many years and then sell when you are alright or ok with the current market price.

rommelo24

copper member

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Quote from: jonathan6655321 on September 05, 2018, 10:00:43 AM

Do you think that the HODL approach is good bitcoin?
Sometimes I think that because so many people HODL it makes is easier for some big players to manipulate the price.

I wonder what the community think about it.
I personally HODL for almost a year, I made some money and lost some money, But generally, I'm positive about the long run. I'm just curious about the fact that maybe we are the one who make it possible for big companies to influence the price in such an easy way

It really depends on the situation. Holding doesn't guarantee a higher profit. Sometimes it is discouraging because some of the coins have no more value. So better to be vigilant with the market fluctuations.

Cryptogid

jr. member

Activity: 252

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I know holdlong approach to bitcoin as an investment is one of the safest how to invest in Crypto and be relaxed,the holdlong should be in bitcoin,then profit is sure..

drm

legendary

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Quote from: Allenw on September 26, 2018, 05:08:56 AM

Hodl approach for a long time will become a great strategy to make profit without taking the risk. Not every time hodl approach will help you to make profit but most of the times it will help you to generate profit.

If we look at btc's history we can conclude it's a fact that holding bitcoin pays off, the exception at the moment is if you have bought btc around 20k (realistically at 7k or above now).
But who knows what the future will bring Wink

4rzun4

sr. member

Activity: 620

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Sometimes hold can also cause losses, because we never know that prices will continue to rise or will continue to decrease or continuous moves sometimes rise high and fall or even vice versa. For that reason, the principle that I have in investing in bitcoin, when there is a profit, I will sell, then when prices go down a little and allow a price increase again, I will buy. I do it continuously, so sometimes I buy, sometimes sell, and sometimes hold, according to the conditions and situations that occur in the market.

bitcrypt_09

newbie

Activity: 36

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This is my current strategy. I am buying as many AML BitCoins as I can and I am planning on keeping them for a very long time. This coin will be the best coin in the crypto market. Wait and see.

ethereumhunter

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For me, hold is one thing that I can do especially for holding bitcoin. I can hold bitcoin for a long time because I am sure that in the future, the bitcoin price can getting too expensive and makes me cannot buy a whole bitcoin indirectly. And because of that, this makes me hold as much bitcoin as I can so I can cash out my bitcoin to make big money in the future. Although it still a mystery for me about how much bitcoin price in the future, I still believe that the sky is the only limit for bitcoin price to reach.

ganlianshifu1

member

Activity: 392

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HODL plus currency is to maintain confidence, do not put your cryptocurrency in the exchange's wallet, extract to the local wallet!
Forget the current bear market, after a while to check the price of the market, continue HODL!

Yadstiker

full member

Activity: 373

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Quote from: Nayborksta on September 05, 2018, 10:21:37 AM

There is nothing you can do that will be bad for Bitcoin. Do whatever suits you best. You need to feel comfortable with your actions on the market.

That's the best thing to do whatever happens to the market if it's bad or good you should do whatever makes you feel comfortable and earn through your own ways.

Jackson7951

newbie

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We all have our own strategy of trading and booking profit that's for sure and executing

Allenw

newbie

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Hodl approach for a long time will become a great strategy to make profit without taking the risk. Not every time hodl approach will help you to make profit but most of the times it will help you to generate profit.

rudox

full member

Activity: 476

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Holding your position for profits is an act of investment which bitcoin is not meant for. Bitcoin is meant for P2P transaction for payments of goods and services but it is man made, that is holders of bitcoin that introduce this aspect of buying bitcoin and hold for the price change so that there will be profit. With the bearish market we have since this year those that buy at dip will certainly make some reasonable profit but my heart goes for those who are holding since last year when bitcoin was above $10K they will hold for longer period hoping that the market will moon.

serenagomz95

newbie

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HODL investors are often investors who have a strong belief in bitcoins, they aren't distracted by the rumors of bitcoin prices, they are consistent with their opinions and that is what they create. Give them huge profits.

Xxmodded

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SOL.BIOKRIPT.COM

Quote from: jonathan6655321 on September 05, 2018, 10:00:43 AM

Do you think that the HODL approach is good bitcoin?
Sometimes I think that because so many people HODL it makes is easier for some big players to manipulate the price.

I wonder what the community think about it.
I personally HODL for almost a year, I made some money and lost some money, But generally, I'm positive about the long run. I'm just curious about the fact that maybe we are the one who make it possible for big companies to influence the price in such an easy way

that's why you need experience and knowledge, especially about technical analysis, of course every situation will be different from speculation. not all must be held in the long run, especially in a downward trend. but there can be done with full calculation and involves experience.

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