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.
Topic: HODL HODL HODL...AND BUY MORE - page 3. (Read 1076 times)
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.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.
Yeah, it was like a birthday party of someone born on February 29.
It takes years before the person can celebrate again.
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.
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.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.
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
okey, I saw the price of bitcoin had penetrated the price of $ 7k on preev. however, when that happens, the price suddenly drops again, and now it approaches $ 6500. I thought the pump was just about to arrive. it turns out we need to wait a while longer to see prices rise again above the price of $ 7k. keep holding guys, and buy if you see the chance
Ain't no wonder why it looks like that and the trend isn't of constant surging high nor it goes constantly be going down. We know how volatile we are and this thing (sudden change) seems to be part of the crypto journey. You can't either be profitable if the market trend will just having an upward market motion but with the help of being volatile, it all becomes possible. We shouldn't have to worry if the market goes on and off. It happens always and you are right, it gives a chance and a reason to believe that the crypto market is still in a decentralized form not being managed by whales or even controlled by them.
If there’s a new chance to buy cheaper than $5k then I will buy more, but right now the price is pumping and yeah better to hold with bitcoins and buy some if you can still the price as a cheaper one. Don’t panic, don’t stress yourself on the market right now, if you feel uncomfortable then leave the market alone for now, and focus on real life, we have to survive first on the virus and go back see your holdings with bitcoin.
I keep asking myself the following:
what happen if everyone Hodl? how will the cryptocurrency market look if it doesn't have someone to sell? wouldn't it be better to focus on using bitcoin as a means of payment instead of just thinking about Hodl?
I also have something else that I can't stop thinking about every time I see the word Hodl:
today the price is at $6500, will say buy and hold, tomorrow the price will be at $10,000 will say buy and hold, in 5 years the price may be $30,000 will continue to say buy and hold. my question Is:
when will they sell?
That is a very important question and it depends entirely on your goals and what you want out of bitcoin, if you are only looking to obtain some small profits then you do not really need to hold your coins since bitcoin can move very abruptly, but if you have some dreams of obtaining significant profits then holding your coins for a long time is necessary, how long that would be? That will depend on the market and the profits you want, right now the price is close to 7k if you want to get 5x this means bitcoin will need to reach 35k and that is entirely possible during the next 5 years. what happen if everyone Hodl? how will the cryptocurrency market look if it doesn't have someone to sell? wouldn't it be better to focus on using bitcoin as a means of payment instead of just thinking about Hodl?
I also have something else that I can't stop thinking about every time I see the word Hodl:
today the price is at $6500, will say buy and hold, tomorrow the price will be at $10,000 will say buy and hold, in 5 years the price may be $30,000 will continue to say buy and hold. my question Is:
when will they sell?
Hold but learn to take profit at times. We still need to spend our bitcoins like to use for digital payments. Accumulate during dip and sell at peak price, its not hard if you have a plan to follow and has patience to not be tempted to sell in times the market is consistently declining like what happened recently. Those who can stand seeing the price turnng ups and down are likely the one to gain huge when the time comes the market turn to bull.
Probably the best advice for most people. In the small times that I did trade (yes, we all went there didn't we?) I at least had the sense to try and take my investment back when my alts went 2x. Except for the long term holds I held onto (LTC Monero BTC of course) I sort of wish I did but still no regrets.
So yeah I have a lot of bags. But 90% of them I got my investment back so Even Stevens they say.
Buying over time is a reasonable strategy so long as the base case for the asset is still reasonable and likely BTC is.
I dont see the price trend is especially compromised at present, more in a case of sideways action, revision and repeat of previous falls. It needs to build up volume and a base to rise from, its not certain but that is a normal process before a proper bull market can come into play.
I dont see the price trend is especially compromised at present, more in a case of sideways action, revision and repeat of previous falls. It needs to build up volume and a base to rise from, its not certain but that is a normal process before a proper bull market can come into play.
okey, I saw the price of bitcoin had penetrated the price of $ 7k on preev. however, when that happens, the price suddenly drops again, and now it approaches $ 6500. I thought the pump was just about to arrive. it turns out we need to wait a while longer to see prices rise again above the price of $ 7k. keep holding guys, and buy if you see the chance
First thing that needs to be done in setting a target is a target should be realistic, otherwise, this would be tantamount to holding forever as well.
That's for sure, seeing target makes you investing with a goal to follow, and if it would really take time before we see that target, then we should be ready with that possibility, and investing for long term, we need to consider all the necessary factors and its risk, if it will take 10 years or 20 years to hold before we see that goal, then maybe we should ensure that our funds is intended for real long term holding.
First thing that needs to be done in setting a target is a target should be realistic, otherwise, this would be tantamount to holding forever as well.
That's for sure, seeing target makes you investing with a goal to follow, and if it would really take time before we see that target, then we should be ready with that possibility, and investing for long term, we need to consider all the necessary factors and its risk, if it will take 10 years or 20 years to hold before we see that goal, then maybe we should ensure that our funds is intended for real long term holding.
When everyone holds, there are no sellers, only buyers left, how is that even possible. Sure we can have less people selling and more people buying and that is exactly what happens when market is going up but at the same time that is only one part of equation sometimes there are more sellers and less buyers so the price goes down. If more people learn to hold that would be investment approach and not what bitcoin is for.
The real going up will happen when people spend it and not hold it, when people start to spend it then we will have less sellers as well, they are not holding, they are giving it away, not for free of course they are buying something in exchange for bitcoin, but that stops selling, that is how we should be focusing on going up, that way we can say adoption goes up as well.
The real going up will happen when people spend it and not hold it, when people start to spend it then we will have less sellers as well, they are not holding, they are giving it away, not for free of course they are buying something in exchange for bitcoin, but that stops selling, that is how we should be focusing on going up, that way we can say adoption goes up as well.
Well, I don't like telling other people what to.do, everyone needs to make decision for himself.
Different people have different goals with Bitcoin, everyone of them made purchase in different time, maybe someone needs money or other plans.
For me the key is balance between holding and spending, I don't see much sense for Bitcoin just to sit idle in some wallet, endlessly. And of course, every situation when the price is favourable is the good opportunity to enlarge your portfolio.
Different people have different goals with Bitcoin, everyone of them made purchase in different time, maybe someone needs money or other plans.
For me the key is balance between holding and spending, I don't see much sense for Bitcoin just to sit idle in some wallet, endlessly. And of course, every situation when the price is favourable is the good opportunity to enlarge your portfolio.
You are right. People need to decide what they want to do in the crypto world. If he has more money, and he wants to buy any coin, he can directly buy it from the market, and after that, he can do anything he wants. We can only give suggestions to people, but the decision will be on them, and we cannot force them to follow what we did because that will be too risky for him, especially if he doesn't know what next that he needs to do.
But we can learn from other people in making a decision, so we can get a lesson from them that will be useful for us.
Hold but learn to take profit at times. We still need to spend our bitcoins like to use for digital payments. Accumulate during dip and sell at peak price, its not hard if you have a plan to follow and has patience to not be tempted to sell in times the market is consistently declining like what happened recently. Those who can stand seeing the price turnng ups and down are likely the one to gain huge when the time comes the market turn to bull.
I myself will always grab the bitcoins and other some altcoin whenever the price drops and selling them at higher prices. Holding long term is always the best option because it might give higher profits.
When we say long term, it's not forever, we have to set a specific period or a time range. putting specific period of time is for me a NO mate because the volatile market will not be friendly at all time,better Put specific target price so maybe thats the safest we can do.
Putting a target seems more doable, as you can really sell with a profit, but the question here is when will your target will be seen.
First thing that needs to be done in setting a target is a target should be realistic, otherwise, this would be tantamount to holding forever as well.
I myself will always grab the bitcoins and other some altcoin whenever the price drops and selling them at higher prices. Holding long term is always the best option because it might give higher profits.
When we say long term, it's not forever, we have to set a specific period or a time range. putting specific period of time is for me a NO mate because the volatile market will not be friendly at all time,better Put specific target price so maybe thats the safest we can do.
I keep asking myself the following:
what happen if everyone Hodl? how will the cryptocurrency market look if it doesn't have someone to sell? wouldn't it be better to focus on using bitcoin as a means of payment instead of just thinking about Hodl?
I also have something else that I can't stop thinking about every time I see the word Hodl:
today the price is at $6500, will say buy and hold, tomorrow the price will be at $10,000 will say buy and hold, in 5 years the price may be $30,000 will continue to say buy and hold. my question Is:
when will they sell?
what happen if everyone Hodl? how will the cryptocurrency market look if it doesn't have someone to sell? wouldn't it be better to focus on using bitcoin as a means of payment instead of just thinking about Hodl?
I also have something else that I can't stop thinking about every time I see the word Hodl:
today the price is at $6500, will say buy and hold, tomorrow the price will be at $10,000 will say buy and hold, in 5 years the price may be $30,000 will continue to say buy and hold. my question Is:
when will they sell?
You ask very right questions.
If we do not use bitcoin as it was intended, then it will lose its value. There are many empty speculative assets in the world that have no practical use, and if bitcoin becomes one of them, it will be very sad.
Holding will always help us to make a decent profit, buying more is the best option whenever the price of Bitcoin drops. I myself will always grab the bitcoins and other some altcoin whenever the price drops and selling them at higher prices. Holding long term is always the best option because it might give higher profits.
I disagree with this one.If we do try to compare the profits made between holding and active trading then i can say that they do really differ.
Much more active on dealing with the market is much more profitable if you do made it well but as expected risk would be more higher if it do
compare to hodling.
Its easy to say about buy cheap and sell in profits but with this speculative market, searching for bottom price is always been a question.
I'm also not super agree on this since situation is always depends on when to hold and when to do an active trades since we should come to think of it if we hold on bad times the huge money possibly lose unto us compare if we are doing a active trade where we can possibly earn more when we find the bottom and sell when the price is high.
although it's really hard to find the bottom but you can actually do a day trade where you can earn a certain percentage on flactuating market.
Well, I don't like telling other people what to.do, everyone needs to make decision for himself.
Different people have different goals with Bitcoin, everyone of them made purchase in different time, maybe someone needs money or other plans.
That's somehow true, but for me as an investor, I would advise everyone to hold bitcoin for long term, and other good altcoins. Different people have different goals with Bitcoin, everyone of them made purchase in different time, maybe someone needs money or other plans.
Also, for me, I believe that we should have investment for short term and long term, so we will not be bored and we can take profit at a short period of time also.
For me the key is balance between holding and spending, I don't see much sense for Bitcoin just to sit idle in some wallet, endlessly. And of course, every situation when the price is favourable is the good opportunity to enlarge your portfolio.
Spending means not investing to me, so I don't consider it as part of the strategy to invest or to trade. Those two should be separated so it will not affect each other.
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