Topic: HODL is not advisable! - page 14. (Read 4473 times)
I agree with you! HODL is not practical. Before, I thought, it will bring more profit. But seeing the market downtrend nowadays for such a very long time, I don't believe in HODL theory anymore. Many of the coins which I hodl are now going nowhere. Instead of going to the moon, it went to hell; zero value at all. I should have dealt with my greed earlier and should have sold them even at a petty price (well, at least, it had price then, though petty, unlike now). I learned my lesson in crypto the hard way.
Well, I am not against speculation but honestly believe that we should give first preference to use Bitcoin or any other cryptocurrency as a payment system instead of looking at it as a speculation instrument in the first place. As of now, I am holding 50% of the funds and spending rest 50% funds as I believe that the movement is a growth. The early adopters spent their funds as a payment instrument and then only cryptocurrencies gained value. Now, it is our responsibility to do the same as our contribution to the growth of this innovation & industry.
If wishes were horses, beggars might right. As I'm inclined to think, many of us would be happy to use crypto as a means of payment (though probably not Bitcoin), but there is no real benefit in that, only expenses. For example, you can order a Bitcoin payment card, so you can kinda pay with crypto for your everyday needs. So far so good. But the fees you will have to pay as well exchange rates make this whole idea not very attractive overall. It would be nice if sellers and merchants accepted crypto directly, but they are few and far in between. Nowadays, you can pay directly with crypto only to people like us who are genuinely interested in cryptocurrencies. But one swallow does not make a summer.
HODLing does not mean that we have no knowledge about trading. I believe HODLers are not only holding their crypto, they also do some trades as well. Hodling is for long purpose and day trading for short term purpose, if we can do both then it will be better.
Of course we need to have good money management to split our money on which coins to hold and which coins for day trading. So I have to disagree that HODL is no good at all.
Unfortunately, most HODLers do not see any sense in trading as they simply dub it to be very risky. But how can they cope with a perpetual bear market as we're in without a good root in knowledge and trading. A common mistake is the belief that HODLing is one and same with trading.Of course we need to have good money management to split our money on which coins to hold and which coins for day trading. So I have to disagree that HODL is no good at all.
I understand these guys, who are afraid to risk and choose holding. If you trader now, in more than 60-70% of the cases, you will lose. Thus, people are simply cautious.
In my very own experienced there is no good outcome when you HODL too much.
First of all do you know what HODL means?
HODL is used when referring to hold the cryptocurrency rather than selling it.
Holding cryptocurrency is no good because it means you don’t have a knowledge about trading, for me, you can do scalping trading and increase your holding by it and gain profit.
I suggest that all in the Crypto community must learn the basic trading fundamentals. There are free tutorials anywhere. Don’t be lazy, think big.
First of all do you know what HODL means?
HODL is used when referring to hold the cryptocurrency rather than selling it.
Holding cryptocurrency is no good because it means you don’t have a knowledge about trading, for me, you can do scalping trading and increase your holding by it and gain profit.
I suggest that all in the Crypto community must learn the basic trading fundamentals. There are free tutorials anywhere. Don’t be lazy, think big.
Yes, that is true. HOLD is not the main choice in playing on cryptocurrency or even the stock market. We must dare to move and keep trying to increase our assets in the way you mentioned earlier, "scalping". Of course, this is indeed a heavy start, there are many media that we can use to learn and do not have to use large funds, because our goal is to increase assets by collecting little by little. Hold does give a big advantage but it takes a lot of time and energy.
I agree that you have to know when to hold and when to sell it when there's opportunity and wait for lower entry price to buyback later. You can make higher amount of money trading rather than just holding your coin for a long time, holding is find if your investment time frame is more than 2 year.
Yes, ones need to know that right time to buy dip which I believe that's pretty simple to know or ask on here and you said spending time trading can bring higher profit than just holding which I agree but how can someone who barely know the right time to buy dip, trade successful?
I agree that you have to know when to hold and when to sell it when there's opportunity and wait for lower entry price to buyback later. You can make higher amount of money trading rather than just holding your coin for a long time, holding is find if your investment time frame is more than 2 year.
Yes, ones need to know that right time to buy dip which I believe that's pretty simple to know or ask on here and you said spending time trading can bring higher profit than just holding which I agree but how can someone who barely know the right time to buy dip, trade successful?
Well, I am not against speculation but honestly believe that we should give first preference to use Bitcoin or any other cryptocurrency as a payment system instead of looking at it as a speculation instrument in the first place. As of now, I am holding 50% of the funds and spending rest 50% funds as I believe that the movement is a growth. The early adopters spent their funds as a payment instrument and then only cryptocurrencies gained value. Now, it is our responsibility to do the same as our contribution to the growth of this innovation & industry.
I agree that you have to know when to hold and when to sell it when there's opportunity and wait for lower entry price to buyback later. You can make higher amount of money trading rather than just holding your coin for a long time, holding is find if your investment time frame is more than 2 year.
What you said is true, but remember that Bitcoin was created not to be an investment, its proposal is to be sound money. If you relate it to dollar or any other fiat currency it is an investment, but if you relate it to a store of value, goods and services then it is real money.
I agree that you have to know when to hold and when to sell it when there's opportunity and wait for lower entry price to buyback later. You can make higher amount of money trading rather than just holding your coin for a long time, holding is find if your investment time frame is more than 2 year.
If money was invested in the long term, then why sell at the time of the fall? The rise in prices of crypto currency always exceeds its fall.
The feeling that the author is new to the crypto currency. And he certainly thinks that now his calls will collapse the market. But it looks so stupid. hero member
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for those who have little knowledge about crypto currency trading, of course with holding is their final choice, because they still believe in the principle of buying low prices and selling at high prices, and they are greedy to get big profits by continuing to hold their coins
Basically such method is not for only people with little knowledge in crypto currency trading or investment because experienced cryptonier does cause it the old ways of trading and investment so when things or market are not going fine , the best things is to do it in the old way. 
HODLing does not mean that we have no knowledge about trading. I believe HODLers are not only holding their crypto, they also do some trades as well. Hodling is for long purpose and day trading for short term purpose, if we can do both then it will be better.
Of course we need to have good money management to split our money on which coins to hold and which coins for day trading. So I have to disagree that HODL is no good at all.
Unfortunately, most HODLers do not see any sense in trading as they simply dub it to be very risky. But how can they cope with a perpetual bear market as we're in without a good root in knowledge and trading. A common mistake is the belief that HODLing is one and same with trading. Of course we need to have good money management to split our money on which coins to hold and which coins for day trading. So I have to disagree that HODL is no good at all.
for those who have little knowledge about crypto currency trading, of course with holding is their final choice, because they still believe in the principle of buying low prices and selling at high prices, and they are greedy to get big profits by continuing to hold their coins
The price movement is good and price is rising which will affect other crypto and in present time i think that i should buy more coins and hold for the next year because it is also a saving behavior and in the future i will sold my investment because i like to buy a house for my family.
I agree with your opinion. I think doing daily trading is a good strategy for making profits rather than just continuing to survive. in my opinion, people who hold a hold strategy are lazy people, who just keep waiting for prices to rise above. they will not get results when prices remain stable. but people who trade, maybe they still get income. by utilizing the rise and fall of market prices. all really need to learn about the basics of trading. and indeed many tutorials that can be read. the most important thing is we want to try to learn and not be lazy to read often.
Looking back on the long term I assume that hold is good. It is very suitable for those who do not have much knowledge of the transaction. It's also very safe, just be patient.
Being patient could help when you are holding your coins. But, take note holding is depends on a certain coin if it is good for long term investment. Some coins didn't maintain the value in the market so you have to analyze if it is really worth holding. In my very own experienced there is no good outcome when you HODL too much.
First of all do you know what HODL means?
HODL is used when referring to hold the cryptocurrency rather than selling it.
Holding cryptocurrency is no good because it means you don’t have a knowledge about trading, for me, you can do scalping trading and increase your holding by it and gain profit.
I suggest that all in the Crypto community must learn the basic trading fundamentals. There are free tutorials anywhere. Don’t be lazy, think big.
NO! I disagree with you because I think in certain situations the HODL is the sanest advice to do.First of all do you know what HODL means?
HODL is used when referring to hold the cryptocurrency rather than selling it.
Holding cryptocurrency is no good because it means you don’t have a knowledge about trading, for me, you can do scalping trading and increase your holding by it and gain profit.
I suggest that all in the Crypto community must learn the basic trading fundamentals. There are free tutorials anywhere. Don’t be lazy, think big.
It is important to have different strategies to deal with different market situations. And the HODL is one of them.
I also do not understand those people who do not recommend the other guys holding altcoins and Bitcoin. As the crypto is the currency of the future, it is evident: the digital money will grow with time.
hold is done only for long term investment, but if you don't want long term investment then i suggest you not to hold your coin because there are a times that the price can falling down and you when ypue get panic for sure you will lose your money ,so think first if you hold a coin or you will trade it.
Wonder why some people are bothering holders unnecessarily. Cryptocurrency is valuable because of holders just as dollar is valuable because of both American and foreign holders. Saving hasn't stop people from spending or trading dollars.
Imagine fiat currency without savings in banks - banks will operate in huge losses... very few will survive... they all depend on your savings. Cryptocurrency is no different. Holders are needed, Spenders are needed, Traders are also needed, all for the good of Crypto.
Imagine fiat currency without savings in banks - banks will operate in huge losses... very few will survive... they all depend on your savings. Cryptocurrency is no different. Holders are needed, Spenders are needed, Traders are also needed, all for the good of Crypto.
In my very own experienced there is no good outcome when you HODL too much.
First of all do you know what HODL means?
HODL is used when referring to hold the cryptocurrency rather than selling it.
Holding cryptocurrency is no good because it means you don’t have a knowledge about trading, for me, you can do scalping trading and increase your holding by it and gain profit.
I suggest that all in the Crypto community must learn the basic trading fundamentals. There are free tutorials anywhere. Don’t be lazy, think big.
NO! I disagree with you because I think in certain situations the HODL is the sanest advice to do.First of all do you know what HODL means?
HODL is used when referring to hold the cryptocurrency rather than selling it.
Holding cryptocurrency is no good because it means you don’t have a knowledge about trading, for me, you can do scalping trading and increase your holding by it and gain profit.
I suggest that all in the Crypto community must learn the basic trading fundamentals. There are free tutorials anywhere. Don’t be lazy, think big.
It is important to have different strategies to deal with different market situations. And the HODL is one of them.
I also do not understand those people who do not recommend the other guys holding altcoins and Bitcoin. As the crypto is the currency of the future, it is evident: the digital money will grow with time.
hold is done only for long term investment, but if you don't want long term investment then i suggest you not to hold your coin because there are a times that the price can falling down and you when ypue get panic for sure you will lose your money ,so think first if you hold a coin or you will trade it.
Looking back on the long term I assume that hold is good. It is very suitable for those who do not have much knowledge of the transaction. It's also very safe, just be patient.
For some reason, hodl is not that advisable unless it is bitcoin as it can really goes up too much at the right time, but when it comes to altcoins there is no assurance or guarantee that it will go up just like how much bitcoin goes up, that is why we need to be in touch with the market and news as well so that we will know how we are going to do. Jump to: