Topic: HODL is it profitable or not? - page 2. (Read 2001 times)
what do you think about Goldman Sachs news?
HODL is it profitable or not?
Ofcourse HODLing is so much profitble but you have to book profit at right time.As crypto market is very much volatile so thats why you need to book your profit at right time, and if you thinking that which time will be the right book profit? Then it will totally depend on your buying value, your hodling period and how you expect after HODLing.
For an example from past:-
As we all know bitcoin was came down to $6K after touching its ATH $20K in last December, but if you go back to September 2017 that time bitcoin price was aroun $4K, imagine you were buy a piece of bitcoin in last Sept. 2017 and start HODLing and if you are HODLing it till now then you will get only $2K profit instead of $16k( if you sell bitcoin at the time of ATH).
So my point is HODLing in very much profitable but also you have to know when to book profit. And you can simply do that by researching and learning about crypto field.
hold will be profitable if properly and properly coin. market ups and downs you will panic sell panic when you will lose
You should put stoploss to not lose money
You should put stoploss to not lose money
Market fluctuations, all coins are low compared to 2017. But I still decided to hold and wait until the end of the year, hoping the market will light up.
Not all cryptocurrencies are suitable for HODL, I think the most worthy of HODL is only Bitcoin and ETH, EOS, other altcoins I only use for short-term trading!
Did you Google translate this or something? Your wording is weird.
Anyway, HODLing is profitable, but only for certain coins. Your mistake is choosing to HODL random altcoins when you could have gone with Bitcoin. It's also very much a long-term thing, so you can't be impatient like you were with your alts.
Yeah, when we HODL at shit coins then it wasn't profitable doesn't makes HODL are not profitable.Anyway, HODLing is profitable, but only for certain coins. Your mistake is choosing to HODL random altcoins when you could have gone with Bitcoin. It's also very much a long-term thing, so you can't be impatient like you were with your alts.
I guess OP got many shit coin got from his airdrop and HODL it, unfortunately after holding it for some time, those shit coins doesn't have value at all.
If you want to hold and invest long-term, you should buy BTC or ETH.
If you want to make short-term investments and make a profit, invest in altcoin.
If you want to make short-term investments and make a profit, invest in altcoin.
Each cryptoman is somehow familiar with the term HODL - investing in the crypt by the principle of "bought and hold". About a year ago, when I began to make my first timid steps in the cryptomir, I learned about this strategy, and began to use it.
The first my crypto assets, which I began to walk, are the tokens of the projects that I received for participating in the bounty of these projects. I am a maximalist in my life, so I participated persistently and efficiently in bounty campaigns, especially at the beginning of my crypt career. Bounty of social networks and bounty of blogs, plus different airdrops, allowed me to get hold of a lot of different kinds of tokens from different projects. The sums are of course penny, but in its mass it was going to something impressive.
So month after month I earned tokens and stayed with them, in the hope that these coins would give the cherished X-boxes. Greed, I was attacked by a real toad and a greed for profit. I began to buy different coins and keep them until the moment of the native.
Like many of us, cryptomaniacs, in my crypto-portfolio there appeared tokens favorites. In the next review, I'm not just telling you whether it's profitable or not, I'll bring real figures from life. These figures are very easy to double-check, so my review can be considered a true study.
The first my crypto assets, which I began to walk, are the tokens of the projects that I received for participating in the bounty of these projects. I am a maximalist in my life, so I participated persistently and efficiently in bounty campaigns, especially at the beginning of my crypt career. Bounty of social networks and bounty of blogs, plus different airdrops, allowed me to get hold of a lot of different kinds of tokens from different projects. The sums are of course penny, but in its mass it was going to something impressive.
So month after month I earned tokens and stayed with them, in the hope that these coins would give the cherished X-boxes. Greed, I was attacked by a real toad and a greed for profit. I began to buy different coins and keep them until the moment of the native.
Like many of us, cryptomaniacs, in my crypto-portfolio there appeared tokens favorites. In the next review, I'm not just telling you whether it's profitable or not, I'll bring real figures from life. These figures are very easy to double-check, so my review can be considered a true study.
Wow, I seldom see people using words like, cryptoman / crypt / cryptomir / cryptomaniacs in one post. I suppose it means:
cryptoman - A male invested in Crypto currencies?
crypt - Short for Crypto currencies? Or some Egyptian item.
cryptomir - Fck knows.
cryptomaniacs - Crypto currency enthusiasts.
I have been involved in the Crypto currency scene for several years and this is the first time that I hear almost all of these words.
In any way, hoarding is definitely profitable because I bought some bitcoins when the price was just above $400 and I sold some of those coins when the price reached $19000 last year.
it really depends on what you HODL. i rarely hold altcoins long term. however, there are a handful that i believe have long term viability (or at least long term staying power in the market) and i've invested accordingly.
but i think most altcoins and tokens are cash grabs that will fade over the long term, and in those cases, HODLing may crush your portfolio. i'm definitely a HODLer, but the vast majority of my portfolio is BTC. and even that i hedge with futures when the market goes full bear.
but i think most altcoins and tokens are cash grabs that will fade over the long term, and in those cases, HODLing may crush your portfolio. i'm definitely a HODLer, but the vast majority of my portfolio is BTC. and even that i hedge with futures when the market goes full bear.
I totally agree. WHen I first got into this I was thinking to HODL altcoins as well (I was learning) but nowadays I will rarely HODL an altcoin as well I think a few projects like ETH EOS and a few others may be here longterm.
But (for the OP) I think you should take most of your profits from hodling altcoins and move them into BTC FAST don't make the same mistake as me and holding onto the altcoin and seeing your portfolio crash so much more than if you were to just trade them for BTC and HODL btc.
Everyone has their own strategy in crypto trading. But almost everyone in crypto currency holds coins to get profit. Basic strategy, you buy coins at a low price and hold some time until the price is high. So I think everyone will agree if holding back is to get profit.
If you bought and HODL since dec 2017 then it has been a disaster. I think since btc moves so wildly in recent months that trading might be more profitable. Recent price swings seems to be on the range $6k-$8k.
If you're cherry picking small time periods like 9 months, you can obviously make it seem like a bad decision to HODL. That misses the point entirely. The term emerged from the idea of holding through a bear market even as losses mount, based on fundamentals and long term trend. The guy who coined the term spelled out why it makes sense to HODL: most people make bad traders who just lose money.
HODL is the activity that should be undertaken at least for 5 years. I wouldn't call the investment held for the 3 years as the long-term investment because even if the crypto industry is transforming daily, we can't expect it to give exponential returns overnight. 5 years is definitely a good timespan for the investor to test his strategies, however, it is a matter of analytical excellence to determine the investments and diversification of it.
If you bought and HODL since dec 2017 then it has been a disaster. I think since btc moves so wildly in recent months that trading might be more profitable. Recent price swings seems to be on the range $6k-$8k.
Yes, in my opinion HODLing is sometimes even more profitable than day trading and definately saves a lot of nerves. I'm a HODLer and I advise HODLing good project coins for at least a year.
it really depends on what you HODL. i rarely hold altcoins long term. however, there are a handful that i believe have long term viability (or at least long term staying power in the market) and i've invested accordingly.
but i think most altcoins and tokens are cash grabs that will fade over the long term, and in those cases, HODLing may crush your portfolio. i'm definitely a HODLer, but the vast majority of my portfolio is BTC. and even that i hedge with futures when the market goes full bear.
but i think most altcoins and tokens are cash grabs that will fade over the long term, and in those cases, HODLing may crush your portfolio. i'm definitely a HODLer, but the vast majority of my portfolio is BTC. and even that i hedge with futures when the market goes full bear.
Indeed this is the correct strategy to follow, the notion to hodl everytime is often misused, especially in the case of alts. If you would research the alt market there're very few coins which one can hodl onto, otherwise I prefer quick sell when it comes to alts. I advocate only holding one coin, and that coin is bitcoins, no other coins should you hodl. There're so many people who bought bitcoins cash, and are cursing themselves as that coin is just slipping down and down.
You should understand if you HODL something, which has a limited life cycle in the end you will get nothing.
One of my favourite writers - Nicholas Nassim Taleb in his books "Fooled by randomness" and "Black Swan" described the situation when people are keep buying stocks of companies which finally collapse. This is not a good investing for HODLing, right? And this is the stocks market.
We are in crypto-world and the stakes are even higher here. Volatility is crazy. So, yes, I think you can HODL, but you should understand that the risk you get nothing in the end is exist. If you are okay with this and it will not ruin your life - go on!
One of my favourite writers - Nicholas Nassim Taleb in his books "Fooled by randomness" and "Black Swan" described the situation when people are keep buying stocks of companies which finally collapse. This is not a good investing for HODLing, right? And this is the stocks market.
We are in crypto-world and the stakes are even higher here. Volatility is crazy. So, yes, I think you can HODL, but you should understand that the risk you get nothing in the end is exist. If you are okay with this and it will not ruin your life - go on!
I have seen too many questions about HODL. I think HODL depends on your understanding of coins. If you have confidence in coins, then HODL is your best choice!
I have no idea about HODL but I can tell you that HOLDing can make a difference
It depend on how long you will hold and when you will sell. You sell at higher price than buy price, it's profitable.
This discussion have filled a missing vacuum with mentor Velkro and Figmentofmyass point of view gives me good insight of Hodl.
Jump to: