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Topic: Hodl is not the best option as it seems - page 5. (Read 1259 times)

sr. member
Activity: 2436
Merit: 455
People who bought Bitcoin at $50,000 for example doesn't lose anything when Bitcoin went down to $40,000, they still have 1 Bitcoin, so technically they just have to wait for the price to went up more than $50,000 to make profits, patient is the key. But, if you have extra fund, buying again in the dip wouldn't be a bad move, and will give you more profits in the long run.

People who bought at $40,000 in the recent dip means they have more patient or just accidentally entered cryptocurrency world at the dip and got lucky because they bought Bitcoin at a cheaper price, that's all to that.
hero member
Activity: 3164
Merit: 937
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?

When someone bought BTC at 50K and the price drops down,hodling is a better option than just selling all his Bitcoins at a lower price.At least,he will have hope that some day,the Bitcoin price will hit another ATH above 50K USD,and he will sell and take the profits.The Bitcoin price will hit another ATH for sure.The question is when it will happen.Maybe after several months,or maybe after a few years.
sr. member
Activity: 2338
Merit: 365
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Sometimes hodl is the best option, especially in the current situation.
the market is bearish at the moment, not to sell any sats you have it's very wise...

concerns in the market that occur because the fud that is practiced by Elon and China is still high. don't panic and hold your assets so you don't lose, the market will come back to bull again later.
member
Activity: 89
Merit: 30
Sometimes hodl is the best option, especially in the current situation.
hero member
Activity: 1344
Merit: 565
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?
Even if we can make that argument based on your explanation which is valid but to me, it depends on your intention for investing in the first place. Some people want to trade and some want to hodl for the long term and it wouldn't matter as at when they bought in and we all cannot have the same profits from investing in Bitcoin and HODLers always have their profits at the end of the day because that was their main purpose, to HODL. 
full member
Activity: 1610
Merit: 102
This is entirely up to your asset management. Bitcoin is a potential cryptocurrency and market analysis over the past few years has clearly shown that it will grow further in the future and make a profit from it. If you are a skilled market analyst and can accurately determine the volatility of the market, you can trade Bitcoin to save the amount of profit of Bitcoin. However, if you do not have much knowledge about it, it is better to hold it because you may not get the opportunity to buy Bitcoin again after selling it. Looking back to March 2020, we can see that those who sold Bitcoin through Panic Sale at that time are now very disappointed.
full member
Activity: 2520
Merit: 204
Bitcoin just fell down to 39k plus per 1,
Much lower and that is 30,000$ specifically.
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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.
Lost? they are still holding so how come that they have lost their Money? this will only take part once they sold the coins but that will not be a wiser idea.
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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.
Looks like you don't understand how investors strategy works, there are different type of people inside and you are only mentioning about those Buying and selling but not those who wanted to Hold.
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My question is why is they no extra profit for early holders when the price falls and rises agian?
because that is a choice , and you are the only one that has been bothered while people like me who had been there cares nothing about what you are saying here.
sr. member
Activity: 1120
Merit: 272
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You don't say. BTC is long term not a get rich quick scheme. It's for the diamond hands not the weak ones. I'm hodling since 2013 and seen all the dips you can imagine and I still haven't sold a satoshi. For me it's the best option and will get me to fulfill my financial dreams. HODL is the way to success. But only the strong ones will benefit. For the rest there are shitcoins.

It depends, there is some situations that HODL is necessary especially that if you don't expect the price to go down so fast.

Market is volatile and risky that's why it is your choice if you will hold or sell it and accept your losses.

I'm a man with a great patience that's why I will prefer to hold as long as I can because I know that bitcoin will never disappoint us in a matter of time.
member
Activity: 532
Merit: 11
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?
hello sir, so this is the calculation, sir. If you buy bitcoin when he is at 50K and Amazon is currently down at 30K, then obviously it is detrimental to you and you have to wait for the market to exceed the initial price you bought, you have to wait for the market at the least price 80 or more and you will get profit in it, and if you buy at the current price of 30k then you are just waiting for the market to return to the price of 50k
full member
Activity: 546
Merit: 100
hodl or trade are both ways to make money in this market. and whether these methods are best for whom or not is open to debate. It may not be the best for you, but for many people hodl is the best option. For some, short-term trading is the best way to make money. There are people in this market who have very good trading knowledge and experience, and for them, hodl is perhaps a method they never thought about. In other words, everyone's investment plan is different. The person decides himself to choose the best. and sometimes when you search for the coin you invested in, it can show itself whether it is suitable for hodl or short-term buy-sell. this is also a different situation.
sr. member
Activity: 1498
Merit: 443
Hodl is just one of the ways to take profits. Only people who plan their crypto assets for the long term use this method. They mostly hold their crypto assets for more than 1 year and not thinking to take profits in a short time. If you don't have the intention to hold your crypto assets for a long time, you don't need to use 'hold' method. Just take profits once you see the price of a crypto coin fits with your target.
member
Activity: 294
Merit: 11
I always see hodl as the best option. hodl is investing without risk. you will be comfortable. You are unlikely to experience psychological problems. you invest and are not interested for a long time. this is a healthy thing for the investor. The traders, on the other hand, become very tired both psychologically and in terms of thought, as they have to constantly monitor their investments. Those who do hodl do not care about the dips and rises. When they reach their goals, they realize profit. so hodl is the best method for me.
member
Activity: 1041
Merit: 25
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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?

That's why investing in bitcoin and other digital currencies needs a lot of patience and should hold tight in times likes this that market suddenly drop. Don't panic because it won't help you instead it will lead for a huge losses if ever you dump your assets because of fear and panic. Market ups and down are normal in this volatile market, and you should know that, as long as you hold a good coins.
full member
Activity: 1176
Merit: 100
The OGz Club
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?
Predict on Crypto currency is so much tough. You easily tell that who bought bitcoin at $39k, he/she will get $11k profit when bitcoin price will touch $50k. But price can get down more. Ok, Price will not get down but how much time need to hit $50k who can tell you surely?
Bitcoin Price is not get that position in a day. It tooks some years. Bitcoin is not for day trading or something like that. Bitcoin is for long time holding. You also tell that hold is not the best option, then who buy bitcoin at $39k and wait for $50k price. Is this not holding? Cheesy
legendary
Activity: 3122
Merit: 1140
its hard to get big value in short for bitcoin, doesnt mean no people cant get it. but, people will choose to hold for long time then buy it at high price, because its too risk, specially for new comer. bad news if bitcoin get dump or the buyer can control himself. so, holding is good option to gain massive value.
You should change that kind of mindset on where you do anticipate or hope too much that you would be making out money without considering on the time you had entered on the market
not directly talking on bitcoin investment but also with altcoins as well and you should be aware on the risk in terms of volatility so that it wont frustrate you out when you do see for this
market to move on.HODL is for those people who intent to hold for long term and doesnt really mind on what would be the price.It might easy as it sounds
but holding does require strong self control and discipline on not to sell no matter what.
legendary
Activity: 1610
Merit: 1003
its hard to get big value in short for bitcoin, doesnt mean no people cant get it. but, people will choose to hold for long time then buy it at high price, because its too risk, specially for new comer. bad news if bitcoin get dump or the buyer can control himself. so, holding is good option to gain massive value.
hero member
Activity: 3178
Merit: 661
Live with peace and enjoy life!
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.
Nobody lost anything. They have had the same amount of coins when the price was $50,000. They still had the same amount of the coin when the price dropped to $31,000. Only those who sold lost.
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?
Holding is the best option for those who are willing to hold it for long term (like for years) and have a goal. When they reach the goal, they take their profit. Holding is not best for those who wishes to make quick profit and take advantage of the rise and fall of the prices of the crypto currencies. Those who saw the price falling and sold as soon as they could, made some profit. And then probably invested more when the price reached the bottom. Its risky, but rewarding.
Holding is definitely good for long term investors but if you want to make profits within in a short span of time, day trading could also be worth doing although the risk is high.

But seeing how the market changes so fast, holding might be a good option if you happen to hold coins like bitcoin and knowing the huge potentials it had that will make it grow more in the future. And even if this current price dump or correction go to its dip, you will not be worrying much because we know for sure that bitcoin will still rise up and recover after a massive dump.
copper member
Activity: 2968
Merit: 575
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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.
Nobody lost anything. They have had the same amount of coins when the price was $50,000. They still had the same amount of the coin when the price dropped to $31,000. Only those who sold lost.
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?
Holding is the best option for those who are willing to hold it for long term (like for years) and have a goal. When they reach the goal, they take their profit. Holding is not best for those who wishes to make quick profit and take advantage of the rise and fall of the prices of the crypto currencies. Those who saw the price falling and sold as soon as they could, made some profit. And then probably invested more when the price reached the bottom. Its risky, but rewarding.
hero member
Activity: 1274
Merit: 622
My question is why is they no extra profit for early holders when the price falls and rises agian?
Why should there be any? The profit comes when the price rises higher than when the holder bought the coins, it's simple as that.
Also, it all depends on the time frames you set. For instance, for the ones that bought BTC a year ago at $9k we can say that they've still made a huge profit, and still making it, even when the price is dropping.
That's the whole point of it - you hold through all these dumps and wait for the price to increase. If you sell low - what was the point of buying?
So basically instead of panicking people should but now and someday (can't say it will be soon), they will benefit.
sr. member
Activity: 2226
Merit: 347
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?

This is why people need to understand that investing comes with risks, be it with bitcoin or any other traditional investment assets out there. There isn't any safety net that offers you protection from such harsh market movements, therefore you take all the responsibility when worse comes to worst. A lot of times, those who were only persuaded to invest because the market is looking good are the ones who are getting extremely burned in the end. They're either left with bags they cannot sell, or as you say it, hold until the price evens out with their entry price/they profit.
Majority or specially to those who had just recently entered the market are the ones who do experience such wreckage of this market when the price turns out to the opposite side.
We do have that wrong mindset on where we do believe that we can really make out money fast or too easy without minding about the risk involved which we should have
be aware since from the start on dealing up with this market. HODL isnt bad if you do know on what coins does have the potential or simply on what would be your
target because if you do aim for short term profit taking then you should be wise on when to enter the market.
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