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Topic: HODL bitcoin? why and why not? - page 5. (Read 1846 times)

4U
member
Activity: 195
Merit: 10
December 05, 2017, 12:12:34 PM
#30
HODL bitcoin? why and why not?
Bitcoin is very good to stored our value rather than become the multifunctional crypto because the bitcoin less on its scalability. hold bitcoin because it deserve the real value of the crypto because anothyer crypto pegged on the bitcoin as the main pair to give the real value to another cryptocurrency. Another bad thing about the bitcoin scalability problem.
It’s very important to hold bitcoin because if you buy bitcoin with low price then you have to keep it on hold because price really matter here and you need to wait for a right time when the price go high then you need can sell bitcoin because if you will sell bitcoin straight on next day then I don’t think so you can take your profit so yes hold is very important of bitcoin and that’s the reason that people are going to hold bitcoin.
jr. member
Activity: 48
Merit: 10
December 05, 2017, 07:15:32 AM
#29
HODL bitcoin? why and why not?

Long hold is risky . for me i prefer to play in safe side.

short hold and  using altcoins.

 
full member
Activity: 168
Merit: 100
December 05, 2017, 05:21:44 AM
#28
Always and dont use or sell your bitcoin, in the next following years bitcoin will increase its value drastically and you will have more profit.
Im just keeping my bitcoin and not using them to any sort of transaction with this i can have a better future when i retire.
legendary
Activity: 1442
Merit: 1016
December 05, 2017, 04:56:27 AM
#27
It is predicted almost by all major traders that bitcoin appears to surpass $15,000-$20,000 in starting months of coming year.
If we watch current fluctuation in bitcoin market, it clearly insinuates about large increase in price
So, holding bitcoin for now can earn you a lot of profits for sure, holding crypto assets was always good strategy of investment

Always do your own analysis!!
Other traders or investors may tell you whatever you want to hear just to have the possibility to dump all their coins on you in the right moment for some huge profits before they buy back later all the bags from you for a much more cheaper price.
Trust nobody!!!
legendary
Activity: 1442
Merit: 1016
December 05, 2017, 04:53:42 AM
#26
HODL bitcoin? why and why not?

1.If you believe that Bitcoin is the big thing which will conquer the world an used by at least hundreds of millions of people and therefore will much more gain in value for many more years, then HODL!
2.If you think this is not not the case and just a temporary upwards move ending with a blow-off top which will bring us another bear market of several years where 95% of the just build ecosystem gets erased forever, then do not hodl and take your profits.
Your choice! Wink
hero member
Activity: 924
Merit: 511
December 05, 2017, 02:18:59 AM
#25
It is predicted almost by all major traders that bitcoin appears to surpass $15,000-$20,000 in starting months of coming year.
If we watch current fluctuation in bitcoin market, it clearly insinuates about large increase in price
So, holding bitcoin for now can earn you a lot of profits for sure, holding crypto assets was always good strategy of investment
hero member
Activity: 2310
Merit: 532
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December 04, 2017, 11:55:37 PM
#24
Holding bitcoin is all about trust. People who doesn't have the real understanding will not prefer to hold. As there is nothing certain about the future, people fear of investing or buying the bitcoin. This is the reason for why doesn't need to hold bitcoin and the reason for holding is purely on expectations of profit which is purely dependent on trust.
full member
Activity: 756
Merit: 102
December 04, 2017, 07:45:54 PM
#23
HODL bitcoin? why and why not?
The only reason against holding could be if bitcoin disappeared but that possibility is looking very remote at the moment so while the price can move very fast you can protect yourself from all of that by just holding, that is why holding is one of the most favorite strategies in the forum.

As this time, it will be smarter to hold as much as you can. The price of bitcoin will continue to rise and it will rise more especially now that establishments or some businesses are planning to implement bitcoin and accept it as payment. I am sure that after implementing it more people will recognized bitcoin, this way more people will be investing in bitcoin.

holding bitcoins or any cryptocurriencies is not really a smart move due to their unstable value. you cant predict whether it will still  rise or fall therfor i think that it is much better if we can secure their value immediately just by converting them into a fiat or a local currency whenever you see a signifant increase in the price. you can still save and hold that cash without taking the risk of volatility and unexpected price fluctutions. we can also protect and safeguard our earnings if something bad will happen to bitcoin because some news are stating that bitcoin is now  in a bubble phase and will never know if it will soon pop and dissapear instantly, so better safe than sorry.
sr. member
Activity: 448
Merit: 250
December 04, 2017, 07:06:31 PM
#22
HODL bitcoin? why and why not?
The only reason against holding could be if bitcoin disappeared but that possibility is looking very remote at the moment so while the price can move very fast you can protect yourself from all of that by just holding, that is why holding is one of the most favorite strategies in the forum.

As this time, it will be smarter to hold as much as you can. The price of bitcoin will continue to rise and it will rise more especially now that establishments or some businesses are planning to implement bitcoin and accept it as payment. I am sure that after implementing it more people will recognized bitcoin, this way more people will be investing in bitcoin.
sr. member
Activity: 644
Merit: 250
December 04, 2017, 07:00:32 PM
#21
HODL bitcoin? why and why not?
Bitcoin is very good to stored our value rather than become the multifunctional crypto because the bitcoin less on its scalability. hold bitcoin because it deserve the real value of the crypto because anothyer crypto pegged on the bitcoin as the main pair to give the real value to another cryptocurrency. Another bad thing about the bitcoin scalability problem.
sr. member
Activity: 840
Merit: 254
December 04, 2017, 06:43:22 PM
#20
HODL bitcoin? why and why not?
The only reason against holding could be if bitcoin disappeared but that possibility is looking very remote at the moment so while the price can move very fast you can protect yourself from all of that by just holding, that is why holding is one of the most favorite strategies in the forum.
legendary
Activity: 2940
Merit: 1083
December 04, 2017, 05:43:35 PM
#19
HODL bitcoin? why and why not?

HODL = expecting something big in returm in terms of long term holding. Bitcoin is expecting to give more price increase in the future so you can take this reason to do holding.

Why not HODL = if you used your bitcoins regularly then even you like to hold it, you have no choice but to used it on your own purposes.

Why not try to find it out for yourself if what is a reasonable thing to do, to HODL or not to HODL.
sr. member
Activity: 1624
Merit: 267
December 04, 2017, 05:42:23 PM
#18
The better you gonna do right now with your bitcoin is hold it, because for sure the price will increase more and if you will earn more prodit if that happen. But if you sell today is your choice because your money is safe incase the price will decrease but if the price will increase you lose some opportunity to earn more profit in the future. But if you undecided until now sell half hold half of your bitcoin.
hero member
Activity: 3080
Merit: 603
December 04, 2017, 05:33:33 PM
#17
HODL bitcoin? why and why not?
Yes HOLD Bitcoin, if you want to hold just hold! There's no definite reason that you must hold but if you are a person that is valuing your future, take time to study that when you hold today and the price surges up to $100,000 and you had enough during these times then congratulations.

You must not hold? Why? It's up to you, if you don't want to hold just sell with the current price it is still profit.
hero member
Activity: 1022
Merit: 564
Need some spare btc for a new PC
December 04, 2017, 05:31:58 PM
#16
Bitcoin is made to be a currency not an investment asset that you will buy for low and sell for high, so unleast use it occasionally as what it is meant to be. People are greedy and when X price goes up to Y, people will hold it until the Z price and so on, and so on...
member
Activity: 77
Merit: 10
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December 04, 2017, 05:29:39 PM
#15
The better option of these two is to hodl it. It may me mighty tempting to sell your bitcoins right now, but given current tendencies in the exchange rate for bitcoin to US dollars we might be seeing a really big jump in 2018, that's already less than a month away, remember.
legendary
Activity: 1666
Merit: 1285
Flying Hellfish is a Commie
December 04, 2017, 05:23:01 PM
#14
I mean it really matters on how you are as an investor and the amount of risk that you're ok with putting yourself out for. If you're fine with losing some (holding through it) and then MAYBE making some more money out of this entire deal, then so be it. As in a volatile market (as Bitcoin is) we could see huge shifts and you may panic sell, which will hurt you in the long run.

Plus the fact that we don't now if this is the ATH and we're just going to go down a slippery slope, who knows what's going to happen next -- as this is unchartered territory. Though most on here will say to HODL, I can't agree  I think we're in a bubble.
full member
Activity: 392
Merit: 100
December 04, 2017, 07:48:59 AM
#13
Yeah the holders of course are already optimistic about the profits that will be gained in predicting prices that will continue to increase over time and gain a high profit when to selling it.
And why not, if we have the enough balance to invest.. we doing investing for a certain term. It's been promising that the investment in bitcoin so far has paid off well because the price is likely continue leads to increase.
And I'm sure the chances of investing in bitcoin are still wide open nowadays to gain profit at a certain time for the next.
member
Activity: 171
Merit: 10
December 04, 2017, 07:38:58 AM
#12
For me its hold because bitcoin is everyday increase the price and as long as you have no good reason to sell your bitcoin just hold it until bitcoin price is not decrease.
hero member
Activity: 756
Merit: 502
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December 04, 2017, 07:06:00 AM
#11
HODL bitcoin? why and why not?

It's easy to think you can beat the market, but timing and correctly trading price corrections is easier said than done. Often times, you'll just be selling the consolidation before new highs. The same goes for crashes: many people sell when it's most painful, right near the bottom. It's important to resist the urge to sell during these "capitulations." Because there's a good chance you'll lose coins in the process.

Long term, it's becoming clear that Bitcoin is here to stay. It's becoming economically relevant. Seeing the 2013 and 2017 cycles play out have me convinced that we won't see prices below $5,000 or possibly even $7,500 again. We're getting to the point where most of the world is getting priced out of owning a single Bitcoin!
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