Topic: HODL is it profitable or not? (Read 2002 times)

I am a supporter of the theory of obtaining cryptos and holding assets /get and hold/. It is believed that if the investor does not need to buy out his coins or tokens for the fiat currency /usually used money/ for investment purposes, it is advisable to leave these cryptos as they are readily available and there is a prerequisite for high valuation. This is also confirmed by the fact that Bitcoin and Ethereum, who have decided not to sell these currencies even at the time of the largest decline, confirm the high profits that investors have made in the long run. My theory is to get cryptos from bounties and hold on to long term.

This is not a new topic at all there are many debates before that hodling is more profitable when we say hodl its the way of storing your tokens in your own wallet for a long time like 3-5 years like if you bought xlm last 2015 and you hodl it until this year 2018 you can earn it to huge amount of money.

It was in almost all the years since bitcoin appeard, this year wasnt profitable yet but I hope that it will, lets wait to see what happens in the last mounths of the year. Sometimes its hard to trade and it takes a lot of time to learn and to do it every day.

Well said! your profit and losses totally depends on the coin you are holding.

So as you just said, holding is highly specific to the type of coin you hold. Not every coin will give you the same profits and so you should be very careful especially when you're buying. Also, if the coin you're holding has some use cases, you should try and utilize that instead of holding "forever."

The best strategy is to HODL the coins. The market is still establishing itself and is highly volatile and turbulent, so buying and selling is risky, Some people are still joining the race and buying coins, so the prices are not the lowest. So, I suggest hodling for long term and not panic selling in these market conditions.

In 2017, I did not hold, and that was the year that the holder made the most profit. But 2018 is not a good time to hold, the market goes down continuously

7 months? Does that mean you bought above 10k USD? You probably already know that it wasn't a safe move. I've been holding for a long time and I don't care if BTC goes to 5000 USD, since it would have to go below $700 for me to be at a loss, but I wouldn't recommend anyone who goes in at certain range to keep holding at 40 or 50% loss. THere are a few rules that people always repeat to new investors. Never try to catch a falling knife is one of them.

Xd guys i'm alone who just hodl and don't worry about it? I hodl for 7 months, and i think hype of crypto still not begin.Imho

in Crypto world, I think holding is the main key to get success, hold your coin and token until the end of this year if you want to get a good return.

As history tels us, look at pictures, old cars, BTC and other old things HODL is profitable, but longterm.
The question is, will you need this money, when the thing becomes precious

Gaining from the short term investments require a great chance. But hodling bring us great results of gains. So why should you hurry up ?This is not a necessity. Just hodl it and be happy.

You need to think about what HODL? Because this term will not be usefull in every cryptocurrency. This always work for our King BTC but not for ALTs. I found one thing coins with good product you can HODL like Binance Coin who even was better to HODL than BTC during this year from January maybe is more examples like this

Sometimes it's profitable and sometimes it's not it actually depends on the coin or tokens you are hodling, but i suggest if you choose to hold a particular coin check their roadmap and their marketing strategy because in the roadmap you can check what are they planning for the future and also if their marketing strategy is great its price would be high and your waiting is worth it. but there are some coins whose team left after they get some money and profits and leave their tokens as is.

Who can know potential coins and hold them, they will get more profits .But if we hold rubbish coins we do not have any thing.

One of the things you really need to consider is to make a target in real life that you want to achieve something from the profit. For example, a car or a guitar. Once you have set up a goal then you can aim to make a certain level of profit.

Secondly, you need to limit yourself to a few sets of coin/tokens or else you will lose everything. Always remember that you are responsible for your money, profit and loss so a minimum could be three coins and maximum could be 5-8, depending on how much you can manage and track.

Thirdly, it’s never a gamble because you need to educate yourself by researching and studying each coin you want to invest it. Analysis is a huge part in this because if you don’t study and just wait for the coin/token to get higher then greed will get the best of you. As I mentioned earlier, set yourself a target. For instance if you bought a thousand dollar worth of bitcoin today at the rate of 6300 dollars then set yourself a target of withdrawing the money. So let’s say you will cash it out when it reaches 12 thousand dollars. And from that dollar you will get enough money to go to a holiday.

I used to think Hodling of cryptocurrency is the best way to maximize profit, but I have learned otherwise in a very hard way. Right before my eyes, I watched with total disbelieve as most of the coins I Hodled fell like a pack of cards after rising to a very high profit level, greed you may say, but that is what happens to you once you decide to Hodl.

With the current situation on the cryptocurrency market, there is nothing left to do to store your coins for a long time.

HODL is profitable but not always. If you don't take care, the coin you HODL will turn out to be a shit coin. There are some coins too that when you hodl, you can get a lot of money.

Holding is a great way to invest in cryptos, the main challenge is if you bought at the lows, in a bear market preferably, that way you get to maximize the profit and can easily move out when the need be without having to wait for too long a time

what do you think about Goldman Sachs news?

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

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!

Yeah, when we HODL at shit coins then it wasn't profitable doesn't makes HODL are not profitable.
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.

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. 

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'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.

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!

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.

From what I have realized on the market nowadays, I can say that hodling all tokens without selling a percentage of it is not worth profitable to the hodler. I feel like weeping when i see my coins on the market.

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.

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.

Turns out hodling since start of bitcoin in 2009 was always good move till today which is almost 10 years now.
There is no reason to think that it will change soon, we will see

Is this a bot works or a newbie honest mistake? I can not tell.

If you really want to discuss about this matter, beside those 2 board that chenile had mention, this kind of thread/topic can be moved to altcoin discussion i guess. Obviously this topic is not suitable on Meta.

Hey thanks for your review, maybe move it to a section where it fits in better like:

Trading discussion: https://bitcointalk.org/index.php?board=8.0
or
Speculation (Altcoins): https://bitcointalk.org/index.php?board=224.0

And yeah, I also like HODL, it's my first choice because I'm not very good in trading...

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.