Topic: Hodl is not the best option as it seems - page 3. (Read 1259 times)
These sort of threads appear whenever a correction occurs. Actually corrections are the biggest proof that long term hold is the best option for the investors. Those who sold their coins during the previous correction phases of 2014-15 and 2018-19 are regretting about their decision, because even now (right in the middle of another correction phase) the price of Bitcoin is manytimes higher than the price during the previous corrections. The current exchange rate is >$35,000. On the other hand, the price during the correction of 2014-15 was $200 per coin, and it was $3,000 per coin during the second major correction of 2018-19.
In the future, the Bitcoin market will once again have vitality. Now, everyone is panicking and even dumping their own bitcoins, but some people see the opportunity and are earning low prices. Therefore, in my opinion, it is best to hold your own bitcoins now, not to sell them at will, to have confidence in the bitcoin market, and to strengthen your beliefs.
For short-term, I do agree that hodling is not the best option but in for the long-term, it is a different story. So to summarize, hodling being the best option or not depends on how long you are going to invest.
You should know that if there is a downhill, there will be an upslope, and so will bitcoin. If there is a bear market, there will be a bull market. It may only be that there is uncertainty in the arrival time. As long as you seize the opportunity and use the platform like the special currency industry, you will also succeed.
Well its still our choice if we hodl it or not, yes we can't deny the fact that sometimes the more we hold it the more we lose it when the price is really dip pr low but there still a time that you will hit the target and its bulls eye you've got a huge profit.. the best timing is possible
HODL is still [the best choice if it is hit by a high price like the current situation. The most important thing is to have a reserve fund to buy at a deep price.
if you don't hold it you have to know how much you are going to lose. Don't waste your money cutting loss is not very good. after the bearish market, of course there will be a time for a bullish market.
if you don't hold it you have to know how much you are going to lose. Don't waste your money cutting loss is not very good. after the bearish market, of course there will be a time for a bullish market.
Currently bitcoin price is dumping and this is also affecting other altcoins must people bought there coin when the price was high and now they are already at lost from what am seeing the only thing I believe they can do currently is to hold there coin and not sell because if they are selling currently they are selling at lost so the best option is just to hold and wait for recovery or if you are having extral fund you can buy the dip and if you don't have extal cash just your coin.
We have nothing to lose before selling it, and holders will always win if they do it with patience and understand how the fundamentals of Bitcoin are. Bitcoin is gold 2.0 and if we compare the marketcap of Gold and Bitcoin, currently marketcap of Bitcoin about 1/30 from Gold. In the long run marketcap of Bitcoin possible to reach marketcap of Gold, time will show us.
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yes, we also have to be able to see our financial condition first. If indeed the economy we have is fulfilled, then holding back is the right step until we can get the profit target we want, but if our financial condition is bad then selling is also a wise decision rather than having to hold it by force while the economy is in shortages.
That is why I use blockfolio apps as it was easier for me to monitor all of my cryptos and I have also an idea when to sell or just to hold.
Well, it depends on personal choice to Hodl even if you bought at a high price. Some people might decide they want to Hodl even if the price starts to fall just after buy-in because their target might be for a longer-term and some might decide to dump and buyback if the price dips more but as we know in crypto, every choice comes with a risk and for those that dump and are willing to buy back if the market didn't go that way, they might end up selling low and buying back high so as long as you have the patience, Hodling usually pays off.
I don't think it's bad either, If you can hold back for the long term, I'm sure you can succeed in this bearish market, Crypto is always growing and advancing, There are always better surprises in the future.
My question is why is they no extra profit for early holders when the price falls and rises agian?
Because they bought coins when the price is at ita highest. We have seen continuous pump on the last month compare to month of May. Some may think that it will continue rising so at any point they bought bitcoin then hold which is not a good practice. That also happened to me last 2017. I bought at its highest. I have no other choice but to keep holding until 2021 came wherein crypto fully recovered. 
We already know that the market will keep changing. Holding is only an option, not all are doing this...Sometimes it works but sometimes also it won't, I do holding depending on the situation but as the market will dump, I definitely sell my Bitcoin even though people will think that I'm weak. I really don't think that matters for me, I'd come for a profit, not to hold forever.
Holding doesn't make sense at all especially when you are holding for shitcoins. We also have to analyze if that is really needed or not.
Holding doesn't make sense at all especially when you are holding for shitcoins. We also have to analyze if that is really needed or not.
yes, we also have to be able to see our financial condition first. If indeed the economy we have is fulfilled, then holding back is the right step until we can get the profit target we want, but if our financial condition is bad then selling is also a wise decision rather than having to hold it by force while the economy is in shortages.
It is a subjective thing actually. Some people think that the best option is HODLing. Some people prefer daily trading or short term investments. People should choose what to do wisely not to regret doing it later.
Will depend on our capabilities in life and how we busy we are. Some were not able to do trading due to their schedules while others can't do it due to lack of experience and fear of too much loss that's why the prefer holding,but for me it's better to try to trade and learn to avoid huge loss especially at time you'll need the money. Treading is a good option to earn money but Hodling is the ultimate solution to rescue from poverty. I prefer doing trading if you have to manage your daily necessity by the outcome of daily/monthly trading. But if you want to make a big amount of money to get out of poverty then I suggest hodling Bitcoin for the long term. personally, I divided my investment into two portions, one for holding Bitcoin for the long term and 2nd one for doing mid-term trading, and there is no doubt that I continuously increased my hodling amount on monthly/weekly basis.
but as you said, nowadays short trades, especially day trading, are very reliable, although of course with a high enough risk. but we know that with a high risk it also produces high profits and that is the consequence that occurs.
so indeed if you have a lot of funds of course what you say is the best solution. Minimize risks with long-term investments and seek profit in short-term trading at the same time. Both of these are carried out to complement each other, so that there is a synergy that occurs.
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It is a subjective thing actually. Some people think that the best option is HODLing. Some people prefer daily trading or short term investments. People should choose what to do wisely not to regret doing it later.
Will depend on our capabilities in life and how we busy we are. Some were not able to do trading due to their schedules while others can't do it due to lack of experience and fear of too much loss that's why the prefer holding,but for me it's better to try to trade and learn to avoid huge loss especially at time you'll need the money. Treading is a good option to earn money but Hodling is the ultimate solution to rescue from poverty. I prefer doing trading if you have to manage your daily necessity by the outcome of daily/monthly trading. But if you want to make a big amount of money to get out of poverty then I suggest hodling Bitcoin for the long term. personally, I divided my investment into two portions, one for holding Bitcoin for the long term and 2nd one for doing mid-term trading, and there is no doubt that I continuously increased my hodling amount on monthly/weekly basis.
Bitcoin just fell down to 39k plus per 1, and those that held/bought bitcoin while it was at 50k have no benefit of holding bitcoin at 50k per 1 instead they lost money. lets say those that will buy at 39k per 1 will have more benefits when its spikes again to 50k. So those that enjoyed holding bitcoin at 50k hoping that it will hit another ATH will have to wait for bitcoin to hit another 50k but still got no profit, while the 39k buyers will profit 11k dollars. My question is why is they no extra profit for early holders when the price falls and rises agian?
It depends on when did you buy your BTC and everyone has different goals in terms of what price they want to sell their BTC. It's not always good to depend on the current market scenario because sometimes we don't want the outcome of it like what we are experiencing nowadays. we need to change our strategy from time to time depends on what the current situation of the crypto market will suit us.
That's right, if you bought your btc at 20k+ level, you are still in good place right now.
But if it was over 50k, that's when you feel hodl is not the best choice at the moment.
But keep in mind, the crypto market is not ending yet, some of these projects just began their journey.
So don't feel that you failed because it is not the end yet. Who knows, couple of months from now, we are back again in the bullish trend?
Bitcoin just fell down to 39k plus per 1, and those that held/bought bitcoin while it was at 50k have no benefit of holding bitcoin at 50k per 1 instead they lost money. lets say those that will buy at 39k per 1 will have more benefits when its spikes again to 50k. So those that enjoyed holding bitcoin at 50k hoping that it will hit another ATH will have to wait for bitcoin to hit another 50k but still got no profit, while the 39k buyers will profit 11k dollars. My question is why is they no extra profit for early holders when the price falls and rises agian?
It depends on when did you buy your BTC and everyone has different goals in terms of what price they want to sell their BTC. It's not always good to depend on the current market scenario because sometimes we don't want the outcome of it like what we are experiencing nowadays. we need to change our strategy from time to time depends on what the current situation of the crypto market will suit us.
If you have bought Bitcoin or any cryptocurrency at its top price then all of a sudden it declined, it will be an initiative and totally obvious that holding might not be a good thing to do since the price value will be lowered in accordance with the declination. But still hodling it is still an option depending upon the user if he will just ignore it for awhile meaning not being bothered because he just trust the process until such time it bounces back to its top price once again. Hodling and dumping it will be depending upon individuals since it is their free will and option to decide what to do on situations like this.
It is a subjective thing actually. Some people think that the best option is HODLing. Some people prefer daily trading or short term investments. People should choose what to do wisely not to regret doing it later.
Will depend on our capabilities in life and how we busy we are. Some were not able to do trading due to their schedules while others can't do it due to lack of experience and fear of too much loss that's why the prefer holding,but for me it's better to try to trade and learn to avoid huge loss especially at time you'll need the money.
It is convenient to buy bitcoin at any time. There are those who hodl their bitcoin forever because they have a long-term purpose, others buy and sell on a daily basis like crypto traders. Everyone gives bitcoin the best use of it and the one that suits them best, activities in crypto never stop.
We should not be surprised but bitcoin is like that, you want it or you leave it.
The important thing is not to lose perspective if we want to maintain the freedom that we have achieved with decentralization thanks to bitcoin.
We should not be surprised but bitcoin is like that, you want it or you leave it.
The important thing is not to lose perspective if we want to maintain the freedom that we have achieved with decentralization thanks to bitcoin.
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