HODL HODL HODL...AND BUY MORE - page 2.

casperBGD

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Quote from: Viscore on April 10, 2020, 06:14:06 PM

so 30 years is too long, probably within 10 years we can already see some great improvement.

i do not think that it will take ten years for BTC to see its potential, if it is going to surge, it will be in next two years, it was a cycle up to this point, it will probably be cycle after, but with smaller ups and downs
you can invest in short or long term, and long term could be investment for your children, does not have to be in your life span to spend it, you invest for greater good of your family, so even 100 years is not too long, if you think that way, it is if you want to make some bucks that you can spend tomorrow...

Viscore

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Quote from: KTChampions on April 10, 2020, 05:19:15 PM

Quote from: snipie on April 10, 2020, 09:57:02 AM

Quote from: KTChampions on April 09, 2020, 04:33:53 PM

And what income do you think is adequate for a distance of 10 years (for example)? And if we talk about 20 years? Obviously, few people are interested in earning at a distance of 100 years Grin

Time = money. Hodl makes no guarantees and takes your liquidity right now and for years to come. You must agree that this strategy has flaws.

For someone buying 1 bitcoin in 2010 for few cents and selling it after 8 years for $18k per 1 BTC, this is incredibly good and worth to wait for. [1]
I personally prefer to keep my tiny treasure in the corner and whenever its value spikes for +$100k I will sold it even after 30 years! [2]

1.) This option is undoubtedly good, but what about those who bought bitcoin at 20k and still do not have the opportunity to even achieve breakeven?
2.) If you bought bitcoin at 7k and sold it after 30 years for 100k, then you should understand that the annual yield is about 4 percent. Not too high rate of return Wink

That's true, but if it will take 30%, then I don't think it's still worth investing on bitcoin, for me, that's too long to wait.
Bitcoin is known as a good investment, a high risk with high reward, so 30 years is too long, probably within 10 years we can already see some great improvement.

KTChampions

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Quote from: snipie on April 10, 2020, 09:57:02 AM

Quote from: KTChampions on April 09, 2020, 04:33:53 PM

And what income do you think is adequate for a distance of 10 years (for example)? And if we talk about 20 years? Obviously, few people are interested in earning at a distance of 100 years Grin

Time = money. Hodl makes no guarantees and takes your liquidity right now and for years to come. You must agree that this strategy has flaws.

For someone buying 1 bitcoin in 2010 for few cents and selling it after 8 years for $18k per 1 BTC, this is incredibly good and worth to wait for. [1]
I personally prefer to keep my tiny treasure in the corner and whenever its value spikes for +$100k I will sold it even after 30 years! [2]

1.) This option is undoubtedly good, but what about those who bought bitcoin at 20k and still do not have the opportunity to even achieve breakeven?
2.) If you bought bitcoin at 7k and sold it after 30 years for 100k, then you should understand that the annual yield is about 4 percent. Not too high rate of return Wink

snipie

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Quote from: KTChampions on April 09, 2020, 04:33:53 PM

Quote from: Questat on April 09, 2020, 07:54:03 AM

HODL usually means long term hold, what you are talking is a short term hold only that you can sell at a certain percentage.
What I know about HODL strategy is that we will hold until we see a big profit, like x10 or even x100 of return, this is possible as long as we hold longer.

And what income do you think is adequate for a distance of 10 years (for example)? And if we talk about 20 years? Obviously, few people are interested in earning at a distance of 100 years Grin

Time = money. Hodl makes no guarantees and takes your liquidity right now and for years to come. You must agree that this strategy has flaws.

For someone buying 1 bitcoin in 2010 for few cents and selling it after 8 years for $18k per 1 BTC, this is incredibly good and worth to wait for.
I personally prefer to keep my tiny treasure in the corner and whenever its value spikes for +$100k I will sold it even after 30 years!

adzino

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Quote from: Naida_BR on April 09, 2020, 09:41:04 AM

Due to coronavirus it seems that we are going to endure a global recession in the near future.
The value of fiat money is going to be inflated so it is a good chance of buying more crypto, HODLing them and then selling at a higher price when fiat is going to be dropped.

Lol, you need to learn and understand basic economics before you starting talking and make yourself look like a fool. When inflation will start, the price of bitcoin will be higher, that is you will be able to buy lower amount of coins with money compared to the amount of coins you could have bought with the same amount of money. Though the value of the coins have increased, the difference won't be much. You won't get richer. Since, with the increase of the price of bitcoin, the price of the goods and services will also increase drastically. The amount of things you could buy with bitcoin would actually be less due to this inflation.

KTChampions

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Quote from: Questat on April 09, 2020, 07:54:03 AM

HODL usually means long term hold, what you are talking is a short term hold only that you can sell at a certain percentage.
What I know about HODL strategy is that we will hold until we see a big profit, like x10 or even x100 of return, this is possible as long as we hold longer.

And what income do you think is adequate for a distance of 10 years (for example)? And if we talk about 20 years? Obviously, few people are interested in earning at a distance of 100 years Grin

Time = money. Hodl makes no guarantees and takes your liquidity right now and for years to come. You must agree that this strategy has flaws.

Naida_BR

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Due to coronavirus it seems that we are going to endure a global recession in the near future.
The value of fiat money is going to be inflated so it is a good chance of buying more crypto, HODLing them and then selling at a higher price when fiat is going to be dropped.

Questat

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Quote from: Smitty Werben Man Jensen on April 04, 2020, 02:09:33 AM

when the price of Bitcoin like this is better to buy it at the price of support, 20% of each price of support, I'm sure with that you can enjoy the results of your HODL, before Halving will be a lot of drama. We will see later

HODL usually means long term hold, what you are talking is a short term hold only that you can sell at a certain percentage.
What I know about HODL strategy is that we will hold until we see a big profit, like x10 or even x100 of return, this is possible as long as we hold longer.

KTChampions

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Quote from: Reid on April 04, 2020, 09:25:34 AM

~
Damn Covid-19 really messed up everything.
Now people don't have much money to get ready buying bitcoin for the upcoming event.
It should be like an unknown wave which is being fought by FUD and Hype. Grin

I can not say that I am a big optimist regarding the effect of halving on the price of bitcoin. But I can assume that after the situation with the virus resolves this will create a deferred demand effect and will probably have a positive effect on the price. Of course, it all depends on the timing. If quarantine lasts several months, then people will run out of money and we will not see this effect.

ethereumhunter

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Quote from: Btc_1856 on April 08, 2020, 07:29:16 AM

Quote from: amonymous on April 05, 2020, 04:40:32 AM

Nobody can said when come back green rock bottom but i get analysis about it more people buy bitcoin and hold long time. Actually this is the crypto market so don't want quickly profits for making rich life then you will never gain here.

Personally i enjoy more time when i analysis BTC give me some profits like at any % because my holding amount to low so i can't expect 100x profits lol. Kiss

In a short period of time, it is impossible to expect such a huge profit from the market based on the analysis, we should always wait for the Bitcoin to recover the price. Crypto market will give us a huge profit if you manage to hold a certain period of time, yes, people who are waiting patiently will get huge profit with the investment.

I prefer to keep trying to trade than to hold because by trying to trade, at least, we can try our chance to make a profit that will help us to have more coin. But that is only for people who have skills in trade, and they know how to pick the right coin in this situation. The hold will work properly too as long as you can hold the right coin, such as hold bitcoin. But unfortunately, we cannot expect a huge profit in a short time, and as what you say, we need to wait for the bitcoin to increase. Bitcoin price will recover and rise so high so that we can recover the loss.

mirakal

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Quote from: Btc_1856 on April 08, 2020, 07:29:16 AM

Quote from: amonymous on April 05, 2020, 04:40:32 AM

Nobody can said when come back green rock bottom but i get analysis about it more people buy bitcoin and hold long time. Actually this is the crypto market so don't want quickly profits for making rich life then you will never gain here.

Personally i enjoy more time when i analysis BTC give me some profits like at any % because my holding amount to low so i can't expect 100x profits lol. Kiss

In a short period of time, it is impossible to expect such a huge profit from the market based on the analysis, we should always wait for the Bitcoin to recover the price. Crypto market will give us a huge profit if you manage to hold a certain period of time, yes, people who are waiting patiently will get huge profit with the investment.

Speaking of huge profit, it will only be possible if there is a bull run, unless you are a day trader with a decent capital it's possible to make big profit if you are an expert in trading. However for investors who only hold and wait til their investment will grow significantly, this will take time and a special time so they can sell based on their target price.

Btc_1856

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Quote from: amonymous on April 05, 2020, 04:40:32 AM

Nobody can said when come back green rock bottom but i get analysis about it more people buy bitcoin and hold long time. Actually this is the crypto market so don't want quickly profits for making rich life then you will never gain here.

Personally i enjoy more time when i analysis BTC give me some profits like at any % because my holding amount to low so i can't expect 100x profits lol. Kiss

In a short period of time, it is impossible to expect such a huge profit from the market based on the analysis, we should always wait for the Bitcoin to recover the price. Crypto market will give us a huge profit if you manage to hold a certain period of time, yes, people who are waiting patiently will get huge profit with the investment.

carlisle1

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Quote from: Finestream on April 04, 2020, 08:37:31 AM

Quote from: Smitty Werben Man Jensen on April 04, 2020, 02:09:33 AM

when the price of Bitcoin like this is better to buy it at the price of support, 20% of each price of support, I'm sure with that you can enjoy the results of your HODL, before Halving will be a lot of drama. We will see later

There's only 39 days now going to halving, there is no drama yet, we are suppose to see some hype article now and the market will be in total hype, but this covid-19 is trying to ruin our party here, halving does not happen all the time, this is a special year for us.

actually there are lots of drama going on now but most are FUDs against Bitcoin and the recent Dump,telling that Halving will not be profitable like the past .

Quote from: Finestream on April 04, 2020, 08:37:31 AM

If by end of April, the world will declare they win the battle against covid-19, maybe we can still see some big uptrend, but it seems likely to happen as it will take time to reproduce the vaccine and until now there is no clear information yet of whether the vaccine is already discovered.

There are some statements about the Plasma coming from those Covid-19 survivor will Help curing those infected but lets see what happens soon.

KnightElite

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Quote from: barbara44 on April 04, 2020, 04:10:17 PM

This is probably true for all times more so right now. Think about it, bitcoin has always been an investment that eventually went back up, it always drops and we are in a drop right now and I get that people are scared right now, because of corona everyone is acting crazily and that is understandable, however that doesn't mean that it will never go up, do you really think that price will not go above 7k again? It definitely will.

It means 10%+ profit, where can you find 10%+ profit anywhere? Nowhere. That is why the best decision right now is to buy bitcoin and hold it, it is a great decision for 10 years ago, great for 5 years ago, great compared to last year and great now, its always a great idea to hodl as much as you can and buy as much as you can afford.

For those people who do not fully understand the market, they often suggesting to buy more and even hodl more, holding bitcoin while the bearish market is still occurring is the dumbest decision because in bearish market the price is continuing to decrease. The best time to hold is when the market is bullish but it is only my opinion and it suitable for me. Right now there is a crisis that is happening, the best opportunity to buy is when the price drops to $3800 per each. But for those who want to buy more bitcoins it is better if you will have good risk and management.

milewilda

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Quote from: Hypnosis00 on April 04, 2020, 06:10:11 PM

The pandemic pushing people to sell-off their Bitcoin/altcoins. The situation is so harsh that people may need money for their basic needs and devaluing the word hold. They have the reason either and that to expect that many of them will sacrifice even in their heart and mind they want to hold. In this time of difficulties, I shouldn't be a matter if I am losing, the most important is to survive from the crisis and start over again once it is over.

Nobody wants this thing to happen and here it comes, there is no reason to escape this but have to accept. If you can manage to hold your cryptos then that was great but if not, there is no wrong with that.

I cant really be considered to be a wrong move when we are already on the times of crisis.Its just normal for us to do such thing when it needed.
Money should be used and how the hell you would hold up as hard as you can even you do know that you do risk your own survival? For those who do have
lots of money or spare then this wont be a problem but for those who held and doesnt have any options left then its not a shameful thing to panic sell.
Even myself did sell off some of holdings to buy up my needs for the current lockdown.

South Park

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Quote from: Hypnosis00 on April 04, 2020, 06:10:11 PM

The pandemic pushing people to sell-off their Bitcoin/altcoins. The situation is so harsh that people may need money for their basic needs and devaluing the word hold. They have the reason either and that to expect that many of them will sacrifice even in their heart and mind they want to hold. In this time of difficulties, I shouldn't be a matter if I am losing, the most important is to survive from the crisis and start over again once it is over.

Nobody wants this thing to happen and here it comes, there is no reason to escape this but have to accept. If you can manage to hold your cryptos then that was great but if not, there is no wrong with that.

There are many reasons to hold assets and one of them is to sell them in the case you need it, I know this is not optimal if what you want to do is to hold your coins for the long term and obtain profits that way, however the times we are facing are really difficult and it does not seem like the situation is going to improve during the next months as the economic situation worsens, so if you have to sell your coins to stay afloat then you have to do it since you could always get that bitcoin back once everything goes back to normal.

amonymous

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Nobody can said when come back green rock bottom but i get analysis about it more people buy bitcoin and hold long time. Actually this is the crypto market so don't want quickly profits for making rich life then you will never gain here.

Personally i enjoy more time when i analysis BTC give me some profits like at any % because my holding amount to low so i can't expect 100x profits lol. Kiss

darewaller

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Unfortunately, there are too many people who do not realize that if you go in with high expectations of getting rich you are not going to get rich, you will panic sell. There was a kid I was talking the other day, he is a college student and very young, he didn't had too much money and he said what could happen if he put 100 dollars into bitcoin right now and then 50 bucks every month after that. I said you would either have 100% profit or 50% loss in the end but that is about it if you are planning on just investing and waiting.

Bitcoin could be 15k, or maybe 30k who knows, but that 100 dollars can maximum be 500 dollars at most, nothing more, 99% chance it won't even be that much, and the lowest it would be probably is 50 bucks. He was thinking he could be rich with 100 dollar investment if bitcoin became millions... if you invest into bitcoin thinking it will be millions of dollars per bitcoin one day, you will be disappointed.

Hypnosis00

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The pandemic pushing people to sell-off their Bitcoin/altcoins. The situation is so harsh that people may need money for their basic needs and devaluing the word hold. They have the reason either and that to expect that many of them will sacrifice even in their heart and mind they want to hold. In this time of difficulties, I shouldn't be a matter if I am losing, the most important is to survive from the crisis and start over again once it is over.

Nobody wants this thing to happen and here it comes, there is no reason to escape this but have to accept. If you can manage to hold your cryptos then that was great but if not, there is no wrong with that.

pixie85

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Quote from: Reid on April 04, 2020, 09:25:34 AM

Yeah, it was like a birthday party of someone born on February 29.
It takes years before the person can celebrate again. Grin

Damn Covid-19 really messed up everything.
Now people don't have much money to get ready buying bitcoin for the upcoming event.
It should be like an unknown wave which is being fought by FUD and Hype. Grin

The virus did not make people lose their money. They still have it but are reluctant to invest. This is a normal panic effect.

When you get hit by the unexpected you begin to value hard cash and things that you grew up believing to be valuable like gold, silver and real estate but you can't run to another country with your house Wink

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