HODL is not advisable! - page 15. | Bitcointalksearch.org

p i e c e

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Quote from: escalante28 on August 22, 2018, 08:42:35 AM

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.
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.

amia1864

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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.

Knabu

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This is purely dependent on what timeframe are we speaking here and the experience of the individual.

For a newer individuals starting to trade i certainly would recommend hodling more than trying to scalp/daytrade. Fees + lost trades would eat your starting capital faster than piranhas.

For more experienced traders, i'd still recommend hodling BTC besides trading. Historically BTC and majors have been a great investment and judging by the fundamentals i dont see BTC slowing down. There's development happening as we speak.

shnmykl

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It depends on the Coin/Token you're holding mate. Not all Coins/Tokens are not advisable to hold, sometimes it is good if the Coin/Token you're holding is a very reproductive and active Crypto Community that worth holding for.

ncn1992vn

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That would be correct if you are not patient enough
But you accept spent more than 3 years, then I think this is a correct decision

beonline

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Quote from: littlestar92 on September 05, 2018, 08:36:13 AM

I think so. Buying and keeping only makes us lose money. There are times when I have accepted capital losses for selling and buying at lower prices.

That's the right money management strategy:)

littlestar92

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I think so. Buying and keeping only makes us lose money. There are times when I have accepted capital losses for selling and buying at lower prices.

beonline

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There are right times for hodling and right times for selling, I think.

ethereumhunter

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he has his own opinion about hold is not advisable but for me, the hold is another way to get more profit in altcoin and bitcoin although it needs time before we can sell at the highest price. and if I see that the price is going down and I cannot sell, it is better to hold for a while and maybe I will decide to buy more in an amount so I can have a chance to sell and make a bigger profit. in this day, I can sell my BCD at the higher price and I already add more in my wallet so my profit is bigger than before.

leonix007

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Quote from: BigTeeths on September 04, 2018, 08:20:37 PM

HODL is really dangerous for any trader or investors who bought altcoins that has inexperienced team or an unprofessional team. HODL is not also good when you are doing it for 4-5 years. If you people want to play safe then just do the HODL for 6 months and test if it rises on those months because if not then stop the HODL for the next 6 months so in short just sell it.

If you Hold BTC 4-5 years ago, it does good to you bud, imagine how rich you are

6 months is too early for decent and good coin to Hold

imagine you buy BTC last feb, and found it fell price at this date after 6 months, probably you would sell it at a loss

If you could at least wait up at least a year might be your waiting will be paid off

Andrey13101991

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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.

taliwang

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I think hold is a good suggestion and can be very good to suggest if you are stuck at a very expensive price so that you don't experience a lot of losses. don't let you be affected and eventually sell the assets you have at a very cheap price.

yndye

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Quote from: BigTeeths on September 04, 2018, 08:20:37 PM

HODL is really dangerous for any trader or investors who bought altcoins that has inexperienced team or an unprofessional team. HODL is not also good when you are doing it for 4-5 years. If you people want to play safe then just do the HODL for 6 months and test if it rises on those months because if not then stop the HODL for the next 6 months so in short just sell it.

I agree with this. I think one should learn how to trade instead of just holding especially here in cryptocurrency market because prices are so volatile and when the market is not doing good, you could lose 99% of the value of the coin you are holding. This is my experience and I did regret not selling when the price of the coin is high that's why I decide to just sell a coin whenever I can and just trade short term because it is more favorable for me.

BigTeeths

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HODL is really dangerous for any trader or investors who bought altcoins that has inexperienced team or an unprofessional team. HODL is not also good when you are doing it for 4-5 years. If you people want to play safe then just do the HODL for 6 months and test if it rises on those months because if not then stop the HODL for the next 6 months so in short just sell it.

Wish 107.5

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I don’t agree that hold is not advisable, as a matter of fact, it is better to do holding right now because the market is down. If you will stop holding and start to sell your coins, it will be your loss.

rambogoham1

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Quote from: escalante28 on August 22, 2018, 08:42:35 AM

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.

HODLing Bitcoin Id say would be advisable. All/majority of the other cryptos were bought with bitcoin that were created before 2017.

Babyrica0226

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Quote from: escalante28 on August 22, 2018, 08:42:35 AM

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.

I was wondering why did you said that Hold is not advisable? Maybe its not advisable for the people you said that are lack of knowledge which is I agreed, but telling it generally here is not good. Though, you didn't mention generally. And for me ti si still a good things method to be implement if the coins are really has potentials to increase but if your not sure never hold it just simple as that.

Samuel4

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You are making a nice point here. Some hodl crypto currencies out of fear of losing it to trade. But personally I come to realize that if you don't start trading someday, you will not know how to trade. Until you make up your mind to start you will hold forever

renz0

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In this current market situation, holding your coins is the best way to avoid losses. Though long terms holding can bring good profits in the future but still we need to learn basic techniques in trading to at least earn a profit on a daily basis.

Samuel Cofie

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In my opinion, HODLing is by far the best thing you can do when the market is really poor. With HODLing there is no lost now gain, unless you trade. So if you can, try to HODL for as long as you can watch the market recover.

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