Topic: HODL is not advisable! - page 24. (Read 4434 times)
Selling is not advisable! Keep hodling guys, our tothemoon is not so far, i guess it will be in next 5 month... i'll see.
I think we seem to have just made some big profits from trading, holding only when we buy coins at the bottom or dip and if we really support their project and trust the project team, we will really hold it because we support our project expect a good long-term position.
Hold is one way of investing, why would anyone keep others from holding, who are you to judge their investment strategy, are you a person that came from the future ? Have you seen what happens to world in 20 years ? If so can you please tell us if the world ends or not ? If you are not from the future please do not tell people what to do. You think "holding" is bad because you probably got in at $20k and now looking at a bad price. I remember when bitcoin was 150 dollars, should I have sold it back than ? Should I just kept buying and selling for 6+ years ? No of course not, holding is a legitimate strategy and anyone can do it.
Lazy? Really? Does HODL really meant like that to you?
Have you imagined what if no one HODL's bitcoin as an example?
Will you really see this kind of price and also will this altcoin be created if they did not see bitcoin grew like this.
You might want to rethink on what you are saying.
Give thanks to those who hodl for they are the courageous ones who believed in the technology and not just money which you are referring too.
It is not being lazy. You are just too greedy to want fast money in your pockets.
Have you imagined what if no one HODL's bitcoin as an example?
Will you really see this kind of price and also will this altcoin be created if they did not see bitcoin grew like this.
You might want to rethink on what you are saying.
Give thanks to those who hodl for they are the courageous ones who believed in the technology and not just money which you are referring too.
It is not being lazy. You are just too greedy to want fast money in your pockets.
In retrospect everyone's an expert. Hodl is only a good tactic if the market is healthy, instead we keep testing new lows and the sequence of negative events is not coming to an end either. Taking profits as often you can seems to become the new credo instead.
I don't agree to that. I know that if we have some coins then we should use it to trade regularly so that we can increase the capital. But it's not that hodling is bad . If you look at the example of early investors then you might know that they holded the coins for so long (even now) that they have gained an enormous amount of profit just for holding it. So holding is not that bad if the coin is potential and you know it will return you sure profit.
In the current situation there is no any doubt that hold is not good strategy. It is better to sell all cryptocurrencies during any pump, try to rebuy in dip and sell again. Also I often open short positions through margin trading and earn money from it. I think that this downtrend will continue about 1 year. Only in the middle of the next year you can try to invest in cryptocurrencies for long. And of course it will be better for you to hold them for long period of time only after this situation, when Bitcoin will reach its dip under 2K$.
Very few people can actually daytrade successfully , unless you have insider information its not even worth attempting. The Hodl meme is a joke at this point, but it is really solid advice to most investors.
It is difficult to get the inside information, And almost the information is fake. It only helps sharks escape quickly. So the holder is a simple way and does not require much learning for most of the people here 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.
Not necessarily it works the same way. HODL has got different strategy according to the way you see it. Many times people are just investing and HODLING it but they fail at applying the proper way of earning. We should be HOLDING and at the same time whenever there is right time you just go on selling the coins which would probably be at the highest peak and thus gain some profits. Now you just keep HODL of those coins which you initially invested. Remember that you already have the profits in your hand and still hodling it.
Very few people can actually daytrade successfully , unless you have insider information its not even worth attempting. The Hodl meme is a joke at this point, but it is really solid advice to most investors.
the correct term is "bag hold" not "hold" these two are different.
You know, one may find out too late that he became from HODLer, bagholder. And sometimes even altcoins worth HODLing. Of course, very few altcoins...
I think we seem to have just made some big profits from trading, holding only when we buy coins at the bottom or dip and if we really support their project and trust the project team, we will really hold it because we support our project expect a good long-term position.
Hold doesn't always be the wrong choice, sometimes holding is also needed to avoid losses from the market decline. For the future it is very difficult to guess but from some things that have happened, HOLD will be beneficial if we choose the right coin.
the correct term is "bag hold" not "hold" these two are different.
for example when you buy bitcoin and hold it, you are HODLing and it is beneficial because bitcoin will rise eventually. and even if price doesn't go up and stays here forever, you are still owning some of bitcoin which is the only decentralized currency in existence. that has to count for something!
but when you buy an altcoin and hold it, then you are "bag holding" which is the thing that is not advisable. because altcoins don't have a good future anyways so their long term prices will decline, specially those with huge supplies.
for example when you buy bitcoin and hold it, you are HODLing and it is beneficial because bitcoin will rise eventually. and even if price doesn't go up and stays here forever, you are still owning some of bitcoin which is the only decentralized currency in existence. that has to count for something!
but when you buy an altcoin and hold it, then you are "bag holding" which is the thing that is not advisable. because altcoins don't have a good future anyways so their long term prices will decline, specially those with huge supplies.
my view HODL only suitable for the particular coins which is those coins have large of community and high volume support because this is can ensure those coins will not be lack of interest and even possibly to increase in the future but indeed HODL not advisable to those want instant money
Good point, one of the factors of holding a coin is knowing that there's a good future ahead, if you hodl a project you should also study the fundamentals and all the important roles of this project from the society, if that particular coins will have a big participations and will be usable then holding it for a long term period will give you good chances to have a better value.
For those who is afraid of quitting their hodl caves - I think it is time to accept previous faults and start to rebuild that you invested using, as author mentioned, scalp trading. First work with smaller amounts, always set stop loss. Eventually, you'll start making some profit but still having you bags with you
my view HODL only suitable for the particular coins which is those coins have large of community and high volume support because this is can ensure those coins will not be lack of interest and even possibly to increase in the future but indeed HODL not advisable to those want instant money
I think hold is better because by holding the assets you have at a very expensive price you can be safer because you don't lose the assets you have at a very cheap price so you can keep holding back if you don't want to lose.
I do not think so. On the contrary, HODL - was invented for the strongest in crypto. Let's remember the etherium, once it was distributed by thousands for participating in the airdrop. And only a few who believed in him, now secured a "beautiful life." I believe in HODL!
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 do not agree with you that HODL is bad because that is the best way to make good money. Take for instance, people who invested in Ripple and sold them as soon as they see increase lost huge rewards compared to those who kept if for a long time. Another example is Verge... if you are a day trader, you can make some cash in a short time but if you can HODL, chances are there that you will become a millionaire someday. Verge and Ripple made so many millionaire in the crypto space than any other crypto and all of them were people who HODL and not day traders. 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.
Their are various strategies for different people. Not everyone would be convenient with trading as they have busy schedules. This strategies all boils down to the type of trader/investor you are and how much time you have at your disposal. Trading is good if you learn the art
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