Topic: HODL HODL HODL...AND BUY MORE - page 4. (Read 1076 times)

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.

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.

Well, this would depend on the coins we are holding, and the timing we buy the coin, if the timing is wrong, then we will not make easy profit.
For example, if we buy bitcoin during the FOMO and bought at $15K, until now we are still holding and waiting until we can sell at a profit.

When we say long term, it's not forever, we have to set a specific period or a time range.

As for the question about what will happen when everyone will hodl and nobody sells, the answer seems very simple, but not quite .. If nobody will sell and nobody will buy, then the price will simply be fixed in place However, if no one sells and many people want to buy, the price will be skyrocketing. This is the basic principle of economics, i.e. the relationship between demand and supply.
When it comes to when to sell, everyone has to set this limit individually. You just has to determine how much you want to earn, or how much you can lose. A lot depends on what price you will buy, but even more depends on how long you want to/can invest, i.e. freeze your funds. Each case is different, which is why cryptocurrency trading is so interesting for many people.

when you feel you need money, or you have reached the peak to hold your assets. however, that is the importance of having a goal. Well, we need to ask each of us, how long we hold back, and what is our target. however, if you continue to hold back, you won't benefit from it. however, many people take advantage of low prices and sell them when prices are already high, even when they make a profit of $ 1000 to $ 2000.

It depends on the mentality of the hodler, they hold because they have hope they will only sell their bitcoins if they now feel contented on the gains that they get. I'm not a hodler and I will not buy bitcoin today even though the halving is near, the selling pressyre is high because thentrend is still in downtrend where the prices are like elevator that is going down to fast. I'm a scalper who usually a intraday trader who finds small opportunities in the market.

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?

I understand what he meant but that is not call robbing, of course if you are a whale and you see the situation where you can make money without your action, for sure you'll keep doing that, and since that is not illegal, you should not be guilty of doing the same.

When they own a huge number of bitcoin, they took the risks and now that bitcoin is giving them the liberty to use their holding, no whales would not use that power as all of us here are trading or investing with the same purpose, which is profit.

When we say robbing the newbie, we feel like newbie has no chance and we are not up to their game or we are not aware of it.

Good topic and good discussion 
But maybe it’s worth it to be distracted sometimes from speculation and remember for the sake of what bitcoin was created - for payments on the Internet? And accordingly use it in this way.
In this case, you will not receive negative emotions from the fact that the price of bitcoin does not live up to your expectations.

I absolutely agree that the world and the awareness of people accustomed to living in security are not prepared for such a crisis. However, nobody said it is the end of panic. In my opinion, it is very likely that if in April it turns out that this is not the end of wave of infections, but the other is coming, then the situation with a large drop in prices on classic exchanges and on the cryptocurrency market may repeat. Certainly sooner or later this situation will calm down and prices will start to rise, but I would be cautious with buing all in now, as it may turn out that big price drops are yet to come.

This is something I see now more than ever, even if I am not on the best economic situation there are people that are having a very difficult time and compared to them I am in a good shape, I have no debts, I have some savings and I am holding some bitcoin so I can somehow endure the economic hit that is coming, but I have many friends that have a huge mortgage, they have no savings and they are on the verge of losing their jobs and this is just the beginning of the economic problems caused by the corona virus.

Right now people are doing exactly that, many people moved to fiat and tether for a while but they are buying more and more right now. Of course there was a scare, who wouldn't be afraid when corona virus first became very dangerous all around the world? I mean we all got scared, hell I am still stuck at home and doing absolutely nothing at all, thankfully I am a freelancer so I keep working from home but I can't go out for any reason at all, which is basically why I was scared, think about all the things we do outside, all of them stopped.

A financial world where everything stops is a lot different than anything else we have seen so far, which is why I think it is quite important for us to realize that world is not really prepared for something this big which is why people got panic and sold for a while at first.

They did this several times in the last two years, to such a extent its impossible to convince someone to buy.
Its a systemic issue with the crypto markets. Every crypto released start as a ponzi scheme, market-wise, and to tackle this it needs large-scale adoption. But you cant have adoption when a single whale can destroy an exchange book shorting 1k bitcoins on it.

The only way to solve this is through collusion on the down side, putting several mechanisms to stop massive shortings after a certain value. Some exchanges could be doing this already, but not all of them, and thats why it needs a new consensus on the algos. They are not doing this, though, because "muh freedom to kill the market" is more important than bitcoin adoption by the average Joe. If the bear market turns out to be permanent, there is no reason to hold, you can just sell at 10k and rebuy at 5k.

To be perfectly honest with you, right now is actually not a bad time for USDT, it is still in crypto world, it is not fiat, nothing that is major could change the price of it, dollar could have some sort of inflation and I can understand that but most probably it will not be record breaking levels, just a bad beat, and I think that way you can prepare yourself for whats about to come.

Plus, if you want to go back to crypto you can use USDT to buy whatever you want, if you want to go back to fiat you can do that using USDT, so basically you can go both direction without trouble with USDT as well, it gives you that flexibility very easily. Right now, I am considering making my savings all into USDT, that seems like a good idea for now, probably better than most other options.

If people here did follow you?then all of us are at losing now right mate?imagine buying at 8000$ value?just 3 days after you posted this the price slides more than half of that amount and until now there is no recovering that happens.

Yeah HODL is one best strategy to use in this market but only for those capable to even hold in market like this but not those using their investments here as bread and butter because they are the most affected in this miserable market.

well said mate . thats a one detailed explanation you provide there , i hope people that didnt knew it will read this and will develop a tactic to when to enter at a perfect time and when to exist before the whales eat them .

nowadays , i notice that the price of the coins are now slightly recovering again so i dont feel like buying but still im continue hodling  . halving isnt done yet so im also expecting  that it can bring something good , id be happy to see the price rise more   .

Don't make it a literal robbing .

What he means is that, whales will pump a coin and then newbie investors and those some investors there will see the coin and they are hoping that it will rise up more so they will jump on it - in short they got FOMO'ed. While the investors are busy buying the coin, the whales will then dump the coin causing it to go down that hard and some of the investors will be selling it at a loss since they bought it at a high price already .

As the OP, I'm still holding but I don't want to buy at this moment for some reasons.

Why people always go all-in in one way or another?
I'm not going all-in in fiat because fiat is as vulnerable as bitcoin. There is no safe haven right now.

My plan is to sell between 1.5% and 2% of my stash each month.
This will give time for bitcoin to rebounce after the halving and go back to ATH, or to hit sgbett's prediction. If the second case is true, I can rebuy what I sold at that level, although if the price breaches the 3k area, it will be open to the three-digits area, where I can scoop more coins. Its possible the price wont stop at sgbett's prediction and will fall even more.

In the previous two halvings, bitcoin was on a bull market right before the event. The bear market of 2013-2015 lasted for 18 months, if I can recall correctly. The current bear market is already 28 months long, the largest in bitcoin's history, which begs to question if bitcoin will have the same destiny of gold (ie, permanent bear market).

After the halving in 2016 bitcoin reached the ATH from 2013 pretty quickly. This could happen again, but we dont know for certain, as the bull market didnt start this year. There are people who even compared the recent crash to the 2015 crash, which would put bitcoin one year before the halving.

Personally I dont believe we will see a ATH anymore, due to bitcoin being "legitimized" by the legacy system, but it is always good to play safe and not going all-in in fiat. You can notice I'm applying a inverted DCA here.

It is called averaging down if we hold bitcoin and buy more of it, I do not do that because it is very risky strategy and for me it is not working. I'm not also a investor who can wait long period of time to sell it in a higher price. I'm just a day trader who want to have a profit in small period of time. Be careful if you will do averaging down because it requires high patience and good mental health.