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Topic: HODL bitcoin? why and why not? (Read 1846 times)

sr. member
Activity: 840
Merit: 254
December 25, 2017, 09:38:11 PM
HODL bitcoin? why and why not?
HODL bitcoin is very beneficial for long term. So why not for hodl bitcoin if it is profitable. You do not have to think long for hodl bitcoin, you can see a lot of news now people become millionaires because bitcoin. They are just hodl bitcoin from a few years ago. Hodl bitcoin proves to make you rich.
Holding bitcoin can make you a lot of money, but if you want to become rich you need to hold a significant amount of bitcoin and since bitcoin is so expensive then that means that you need to have a good amount of money already so becoming rich is not as easy right now.
hero member
Activity: 1610
Merit: 507
December 21, 2017, 12:41:25 AM
you can hold it if you want to make a big profit in the long run. but if you want to make money in the short term then you can try to trade bitcoin pair usdt and I am sure that you can make a good profit too. but if you decide to trade bitcoin pair usdt, you don't need to be panic when the price is down and you can buy back the bitcoin because that is the good time for you to increase the amount of bitcoin you have. but personally, I still hold the most bitcoin I have until the price can reach my goals and I still have another bitcoin to do trade in daily or weekly so I can try to increase the amount.
hero member
Activity: 1526
Merit: 596
December 21, 2017, 12:36:48 AM
HODL bitcoin? why and why not?

Depends. If you think that bitcoin is going to be mainstream in the future and is going to be used as a everyday currency then you probably should just hold until that happens. Don't worry about short term price movements or anythnig like that.

However if you're more a trader, then you probably want to take advantage of dips and peaks. Doing so can greatly increase your profit margin even though you may still believe in the long term success of bitcoin.

There's a case for both, personally i'm holding, but if the price is way too high then i'm going to dump.
full member
Activity: 658
Merit: 106
December 20, 2017, 11:28:17 PM
I hold bitcoin because i know it will increase. Technology and future money is already here. so i just buy and hold no need to think short term, i always think long term for bitcoin.. i'm not gonna sell anything till 2019

I agree with you, bitcoin will increase his value in the future. And that's the reason why i want to hold my bitcoin in long term ( like your strategy ) because i know when i do that i gain more profit becasue if you can see the value of bitcoin is continue to grow in this coming year 2018, and that's my opinion.
sr. member
Activity: 840
Merit: 254
December 20, 2017, 10:33:44 PM
Of course that seems to be the most convenient option in these times of great volatility, because even if the bitcoin suffered a sharp correction in coming days, the price increase has been so great that we would certainly close the year with big profits. However, given the great news that bitcoin is making a world mainstream, it seems to me that there is a greater possibility that the price will continue to climb towards the threshold of $ 20,000 before going back to $ 10,000, so holding seems the best decision.

However, it would not be a bad idea to cash out a bit of your bitcoins to have some liquidity these days of uncertainty.
Holding is not only easier, holding can give more profits than active trading, many people claim that you can make more money with trading and while that is true, how many people are able to make more money than those that hold, not many and this is why I like holding better than active trading.

Holding is for economically wellfare people. They have lots of money and they can risk their assets. But if you have limited capital, you  may not be able to wait that long to see your investment became big.
You do not necessarily need to wait for that long, if you only hold for five years that can make all the difference in the world, imagine if you bought bitcoin at 2012 and you held for 5 years you will be probably be rich by now and if you do that with an altcoin you could become rich.
sr. member
Activity: 560
Merit: 257
December 16, 2017, 05:21:59 PM
HODL bitcoin? why and why not?
HODL bitcoin is very beneficial for long term. So why not for hodl bitcoin if it is profitable. You do not have to think long for hodl bitcoin, you can see a lot of news now people become millionaires because bitcoin. They are just hodl bitcoin from a few years ago. Hodl bitcoin proves to make you rich.
full member
Activity: 124
Merit: 100
December 16, 2017, 03:12:45 PM
Of course that seems to be the most convenient option in these times of great volatility, because even if the bitcoin suffered a sharp correction in coming days, the price increase has been so great that we would certainly close the year with big profits. However, given the great news that bitcoin is making a world mainstream, it seems to me that there is a greater possibility that the price will continue to climb towards the threshold of $ 20,000 before going back to $ 10,000, so holding seems the best decision.

However, it would not be a bad idea to cash out a bit of your bitcoins to have some liquidity these days of uncertainty.
Holding is not only easier, holding can give more profits than active trading, many people claim that you can make more money with trading and while that is true, how many people are able to make more money than those that hold, not many and this is why I like holding better than active trading.

Holding is for economically wellfare people. They have lots of money and they can risk their assets. But if you have limited capital, you  may not be able to wait that long to see your investment became big.
4U
member
Activity: 195
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December 16, 2017, 03:05:05 PM
Hold if you are too busy to pay attention to possible peaks but its also quite feasible to sell on near highs and buy into dips and still be within a bullish trend.   The reason not to hold is the gains from trading are quite alot more then just blind holding and the market is such that volatility does not make rebuying a rare occurance.  Its more a case of will you have the guts to buy into the low price when everone is fearful

It makes more sense to rebuy but some find themselves better off just looking away and not paying attention they are less likely to become fearful and miss out on gains.  I guess that makes sense but only with money you dont need ie. literally forget

My rough estimate for a sell off now would be $11,441   but appraise that at the time and usually there is time to buy on the return to a positive gain.    Right now I would not sell above $15,000 as this is a point of strength generally but its all open to interpretation.   This market is very liquid at centralised exchanges but I dont like how fees are so high preventing normal transfers between individual wallet holders.  

   Strength will always be in the longterm diversified network, thats the backbone the rest is flabby fat no wonder we wobble so much  Tongue

I think it’s very important to keep on hold bitcoin because there are two things which are very important for bitcoin first one is time and second one is hold if you are investor so you have to be very careful about these two things because bitcoin don’t accept carelessness so when you buy bitcoin with low price then you have to keep it on hold for some time to get your profit if you will not keep it hold so it’s useless for you.
hero member
Activity: 2156
Merit: 891
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December 16, 2017, 02:42:08 AM
Of course that seems to be the most convenient option in these times of great volatility, because even if the bitcoin suffered a sharp correction in coming days, the price increase has been so great that we would certainly close the year with big profits. However, given the great news that bitcoin is making a world mainstream, it seems to me that there is a greater possibility that the price will continue to climb towards the threshold of $ 20,000 before going back to $ 10,000, so holding seems the best decision.

However, it would not be a bad idea to cash out a bit of your bitcoins to have some liquidity these days of uncertainty.
Holding is not only easier, holding can give more profits than active trading, many people claim that you can make more money with trading and while that is true, how many people are able to make more money than those that hold, not many and this is why I like holding better than active trading.

Yeah that's why holding is much more safe than anything especially if you don't wanna take any risk. I'm sure that many had proven that holding is profitable and it's for real and with its uptrend position no wonder many caught their attention and desperate to own some. Just buy bitcoin and get back to it after a year and see how it grows.
full member
Activity: 168
Merit: 100
December 16, 2017, 12:49:58 AM
Of course that seems to be the most convenient option in these times of great volatility, because even if the bitcoin suffered a sharp correction in coming days, the price increase has been so great that we would certainly close the year with big profits. However, given the great news that bitcoin is making a world mainstream, it seems to me that there is a greater possibility that the price will continue to climb towards the threshold of $ 20,000 before going back to $ 10,000, so holding seems the best decision.

However, it would not be a bad idea to cash out a bit of your bitcoins to have some liquidity these days of uncertainty.
Holding is not only easier, holding can give more profits than active trading, many people claim that you can make more money with trading and while that is true, how many people are able to make more money than those that hold, not many and this is why I like holding better than active trading.

Active trading are for those people who has a lot of time looking at the changes in the market and has a lot of knowledge, of course you dont have so many time to spend in trading the best option for you is to hold.
sr. member
Activity: 840
Merit: 254
December 16, 2017, 12:35:26 AM
#99
Of course that seems to be the most convenient option in these times of great volatility, because even if the bitcoin suffered a sharp correction in coming days, the price increase has been so great that we would certainly close the year with big profits. However, given the great news that bitcoin is making a world mainstream, it seems to me that there is a greater possibility that the price will continue to climb towards the threshold of $ 20,000 before going back to $ 10,000, so holding seems the best decision.

However, it would not be a bad idea to cash out a bit of your bitcoins to have some liquidity these days of uncertainty.
Holding is not only easier, holding can give more profits than active trading, many people claim that you can make more money with trading and while that is true, how many people are able to make more money than those that hold, not many and this is why I like holding better than active trading.
STT
legendary
Activity: 4004
Merit: 1428
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December 15, 2017, 04:16:46 PM
#98
Hold if you are too busy to pay attention to possible peaks but its also quite feasible to sell on near highs and buy into dips and still be within a bullish trend.   The reason not to hold is the gains from trading are quite alot more then just blind holding and the market is such that volatility does not make rebuying a rare occurance.  Its more a case of will you have the guts to buy into the low price when everone is fearful

It makes more sense to rebuy but some find themselves better off just looking away and not paying attention they are less likely to become fearful and miss out on gains.  I guess that makes sense but only with money you dont need ie. literally forget

My rough estimate for a sell off now would be $11,441   but appraise that at the time and usually there is time to buy on the return to a positive gain.    Right now I would not sell above $15,000 as this is a point of strength generally but its all open to interpretation.   This market is very liquid at centralised exchanges but I dont like how fees are so high preventing normal transfers between individual wallet holders.  

   Strength will always be in the longterm diversified network, thats the backbone the rest is flabby fat no wonder we wobble so much  Tongue
full member
Activity: 168
Merit: 100
reading.......
December 15, 2017, 03:19:12 PM
#97
HODL bitcoin? why and why not?
HODL it why? Cause you wont know unless you try. Bitcoin doesnt have much risk to begin with you just need to have the patience and endure all that intimidations youre dealing with. Be responsible for what have you done.
sr. member
Activity: 518
Merit: 251
December 15, 2017, 03:06:39 PM
#96
HODL bitcoin? why and why not?
yes hold bitcoin not to sell because the growth rate of bitcoin nowadays still increasing so fast. And as i see bitcoin successfully surge 16k perhaps it will continue to climb before year end . Those bitcoin holders who sell their bitcoin because of their doubts will now see the results. Lol and our profit still growing because we believe on bitcoin abilities. So i suggest Mate remove your doubts and don't eagerly sell relax and believe in bitcoin that you can achieve your goals or target price.
Yes now we are very close to touch the price of $18k which is likely to achieve in next couple of days so keep on holding your coins as there is now no doubt that it can even achieve the price of $20k by the end of the year so if you sell now then you will regret when you will see much higher price in future so to make higher profits you should hold it longer and not sell it right now.
sr. member
Activity: 1988
Merit: 283
December 15, 2017, 09:18:49 AM
#95
HODL bitcoin? why and why not?
yes hold bitcoin not to sell because the growth rate of bitcoin nowadays still increasing so fast. And as i see bitcoin successfully surge 16k perhaps it will continue to climb before year end . Those bitcoin holders who sell their bitcoin because of their doubts will now see the results. Lol and our profit still growing because we believe on bitcoin abilities. So i suggest Mate remove your doubts and don't eagerly sell relax and believe in bitcoin that you can achieve your goals or target price.
sr. member
Activity: 644
Merit: 252
December 15, 2017, 08:28:41 AM
#94
HODL bitcoin? why and why not?

I will hold my bitcoin because I want to earn more money. It is a very simple way but it is very effective. It is also an easy way yet risky because we are not sure up to when bitcoin price will pump. If it drops I just tell myself “it is not always drop, it will also pump”. Maybe it takes time but I don’t mind waiting.
The only reason I will not hold my bitcoin is because I need a money to spend. Like in this month it is Christmas and I want to give gifts to my family and of course for myself so I withdraw. But I did not withdraw it all. I just took some bitcoin in my wallet. I will continue holding the rest.
legendary
Activity: 1120
Merit: 1003
December 15, 2017, 08:17:21 AM
#93
Every day you work and you get a certain salary every month. But it does not happen one day. It rises differently every day and it falls in a different way. It means that you have two people working and you can bring the total of 2 months salary that they bring to you in one day. so it is not a big enough reason to hold in your hands to invest in something with such a big profit margin.
hero member
Activity: 3122
Merit: 672
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December 14, 2017, 03:33:28 AM
#92
to hold bitcoin is a very wise decision, why? because it can cause of price hike, many newbie people in crypto are getting panic when the price of this bitcoin decrease and they are simultaneously selling their bitcoin that can cause of price drops. so why not to hold your bitcoin for long period of time to see how many profits that you can get by holding your bitcoin.
It's hard to believe but holding bitcoin is one of the best way to earn a lot of profit. Since bitcoin value now is continues increasing I guess we have no other option. Savings and holding bitcoin was depending to the owners and I think more them are expecting that bitcoin price were growing up more, so they still holding it in the future.
There is even nothing hard to believe there. It is either you hold or you sell and whichever one, the price will end up increasing anyway. So in that case, it is just the best option to hold irrespective of what happens and for those who may see panicking as the best option to sell, I would rather use that as a best option to buy up more and make profit.

For me with this increasing graph of bitcoin's price, i think it is better to just hold and wait for the right time. It is a good idea to hold for a greater income of investments.
In fact, that is a good enough reason to make sure that one does not make the mistake of panicking. I am not sure what the market is going to be like now with the introduction of the CME futures, but the activity itself does not affect the growth of bitcoin and even if any of these guys want to manipulate the market, they will only end up getting what they ask for which is a whole new game entirely.
legendary
Activity: 1386
Merit: 1058
December 12, 2017, 02:41:27 PM
#91
HODL bitcoin? why and why not?
We should HOLD bitcoin rather than to sell even if the market value is already exoensive because as the demand is increasing, chances are high that same thing will happen with Bitcoin's market value so it is exoected to be more expensiv3 in the future and obviously, holding will be advantageous than to sell at this moment.
Holding has really proven to be more effective than selling.  For those who were even having a hard time saving when the traditional system was in place will even have a better reason to even save more now, knowing that we have arrived in a market where things are getting even better and you can save up the little that you have and see it increasing hugely in the future. How better can it be?
sr. member
Activity: 292
Merit: 250
December 12, 2017, 10:33:48 AM
#90
I don't find much flaws or negativity on holding bitcoin. When we go through the growth history we can understand the goodness of holding.

I agree. It really safe holding btc. The shifting of price is really amazing. The price of bitcoin at the start of 2017 is pretty low but the end only proves that bitcoin is really unstoppable. You will never regret your investment.
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