Hodl is not the best option as it seems - page 6.

Intercoin-Greg

newbie

Activity: 6

Merit: 0

Quote from: Fundamentals Of on May 19, 2021, 09:37:45 AM

If Bitcoin falls from $50,000 to $30,000, then those who bought at $50,000 thinking of hodling is losing. But that price fall has happened in the first place because people did not hodl. So it is not the fault of hodling really. It is the fault of people not hodling. If only people hodled all the way, everybody should be happy because everybody is making profit. So hodling is really still the best option. It makes Bitcoin scarce in the face of a rising demand.

HODL is basically hoarding. If everyone hoarded something, then it would become super rare to obtain.
If Bitcoin is ever to become a money supply, a peer to peer cash system, how can people just hoard it? They would have to send it.
But why buy anything with it? That pizza bought in 2012 was a bad decision. Buying ANYTHING with Bitcoin is a bad decision if everyone HODL forever.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

Quote from: Accardo on May 19, 2021, 05:19:44 AM

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.

teosanru

hero member

Activity: 2114

Merit: 619

Quote from: Accardo on May 19, 2021, 05:19:44 AM

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?

HODL Actually means Holding for a very long term. 2-3 months isn't a very long term. I have seen people on this forum itself who brought at around 4-5k and then cried about buying at 4-5k when the price fell down to 3k. But today they are the happiest babies in the world if they haven't sold their positions. But yes one can argue that in this bull run when we are almost at the height of an all-time high. Investing in new money isn't a great idea even if you can gain a quick 20% on it. The best time to start holding is when the price falls considerably from the all-time high and you keep averaging around that area so that when the price goes 10x you are already prepared to dive in with huge capital.

Momoamzad

full member

Activity: 1022

Merit: 100

$CYBERCASH METAVERSE

I would say hodl is the key of profit in crypto market . Just keep patience. Just remember the previous years history 😃. What was the position and who ever holder only he is the gainer . So don't be hopeless for this down condition

Intercoin-Greg

newbie

Activity: 6

Merit: 0

Obviously HODL isn't the best policy if you know the coin's going to tank. Just sell it and buy back at a lower price, and you have more of it.

HODL is a cult-like meme, similar to GameStop "SQUEEZE the hedgies". It gives people a reason to stay in, and make the asset go up in price.

Other mechanisms besides a religion-meme can include:
* Tax on cashing out or daytrading (see SAFEMOON)
* Earn fees for everyone you invite (MLM scheme)
* Make synthetic versions of external coins so there's never a need to cash out (networks with strong security but better tech could for example make synthetic Bitcoins so you'd never have to go back to actual Bitcoins)

sapnu

sr. member

Activity: 1050

Merit: 286

It may seem that the early holders or those who held at at $50k dollars will not benefit even bitcoin recovers again but that is not how they are thinking. They keep on holding because they know that the new ATH after the market recovers once again will be much higher than the ATH we've experienced. Now you can't say that they didn't gain any profit from holding. Still, this requires a lot of patience and perseverance to achieve and those who have large amount of holdings after buying bitcoin was still high have no choice but to hold or else they will regret either way.

bitbunnny

legendary

Activity: 2912

Merit: 1068

WOLF.BET - Provably Fair Crypto Casino

Quote from: ?? on ??

When you have bought bitcoin at $50k then it goes down up to $39k then the best option to do is to hold it until it recovers, yeah those people who bought at $39k has the advantage because they will earn huge money once bitcoin goes $50k and those who bough before will wait again for another new ATH to have profit but they won't lose money if they wouldn't sell their bitcoin if the price goes down. If you are planning for investing for the long term then there would be no problem for you as bitcoin increases its value year by year.

Everything depends on the individual situation of each investor. Of course, if someone has bought Bitcoin at $50k then at the moment this isn't the most favourable situation for him but anyone with at least some experience in Bitcoin knows how situation changes. Bitcoin price is volatile, depends on various factors, like the current situation with China, however I strongly believe that holding Bitcoin on long term is profitable.

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

It actually depends on how determined you are on HODLing your coins.

If you would have bought bitcoin at $1000 in 2014 then you would have lost 80% of the value in the dump when bitcoin was dumped to $200.
But if you would have hold on to your coins then in the next 3.5 years bitcoin's price pumped upto $20,000

If you would have bought bitcoin for $20000 in 2017 then you would have lost almost 85% of your value since bitcoin dropped to $3000 approx
But if you would have hold it for 3 years then this year you would have made 3X

So it actually depends on how determined we are on HODLing. It's obvious that not everybody can get in at low prices.
But if we believe in it and HODL it for long term then it will surely give us the gains.

Freezingel

sr. member

Activity: 574

Merit: 251

It is just the matter of moment. Of course, the one who bought 50k won't get any profit since the price falls, and they need to wait for it to rise again so they can finally gain profit, or at least not experiencing loss. However, think of this as a chance to buy more coin, this way you can surely gain profit when the price increases again. If you sell now, then you will just experience loss, that's why hodl is the best option. Or maybe you prefer to be left with nothing and just selling everything once the price fall? not a good decision indeed.

pinggoki

sr. member

Activity: 1666

Merit: 426

If hodl is not the best option to avoid and cut the losses today then what would be the best option that may suit to us? The thing is that we are saying it without any prior decision. If we immediately sell our holdings and our whole assets in our portfolio then probably it may turns out that we loss so much but if we just hold until the market comeback or bounce back again then people will not experience heavy loss than panic selling.

AakZaki

legendary

Activity: 2338

Merit: 1084

zknodes.org

Quote from: ipanks on May 19, 2021, 09:35:48 AM

Bitcoin price already touches $28k in short minutes. But the price now is back to up to $35k but the trend still at a downtrend. So you need to be careful and it is better to hold your bitcoin for a while and you can buy it back again this time. But you need to analyze deeper to find if that is good to buy more bitcoin or just to watch the market without buying bitcoin.

good analysis will determine when we should enter Bitcoin and when we should exit the market. As of now, the price crashed and dropped to $ 30k. When buying at $ 50k and late to sell it is better to hold, because holding is still the best choice.

It is necessary to study technical analysis well so as not to always be trapped in too high a price.

Dread Pirate Roberts

sr. member

Activity: 1512

Merit: 326

Just close eyes for estimate values in USD and keep multiplying value in coin . buying lower if you think price will going more lower . holding only can be hurt and frustating than keep buying in market . its depend how people trading . short trading or just holding i would prefer short trading at this price.

supine

full member

Activity: 1036

Merit: 109

Yes it isn't if you could predict the ups and downs of the price you could earn more than just holding.
But for some of us we could not do it right and most of the time we lose instead of gaining from it.
So for those who couldn't predict it right and always loosing instead of gaining trading their Bitcoin from time to time then their best option is to HODL.

Kasabus

hero member

Activity: 2814

Merit: 576

Quote from: Chato1977 on May 20, 2021, 12:08:13 AM

Quote from: Accardo on May 19, 2021, 05:19:44 AM

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?

Depend on whos talking mate, because if you are into profiting for short term then HODL is not your thing but once you believe in the coins you are holding even how deep it can fall then you are a true HODLER.

Just do your thing and let others do theirs, we are happy seeing the fall because we can add more to our holdings.

Hodling has always been profitable ever since especially if you are into bitcoin but if you chose to hodl those worthless shitcoins, even if you keep it for years, you won't make huge profits.

But i believe hodling is not for everyone as only strong hands survive at the end of the day. Weak hands may only hodl for short term but when they see the market continues to dump, they end up panic selling while seeing their investments continue to fail.

Chato1977

member

Activity: 1162

Merit: 58

Quote from: Accardo on May 19, 2021, 05:19:44 AM

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?

Depend on whos talking mate, because if you are into profiting for short term then HODL is not your thing but once you believe in the coins you are holding even how deep it can fall then you are a true HODLER.

Just do your thing and let others do theirs, we are happy seeing the fall because we can add more to our holdings.

amishmanish

legendary

Activity: 1904

Merit: 1159

The last time people bought at ATH of 20K, it took almost 2 years to get back to that level. In the meantime it went down to sub 4K. There were those who kept Hodling AND accumulating. They are the ones who were winning in the recent bull-run. They are still comfy with 38K BTC. The thing is that there are two types of actions in the crypto world. Price-action and Product-action.

Now that the price-action is over, this is the time when you go into the products and try to get involved with something for the long run. All of this will eventually resolve itself. You need to decide if you have it in you to go through the winter.

HODLing is good of course but you need to re-invest in yourself as well as your crypto.

Xinarae*

sr. member

Activity: 1414

Merit: 326

Bitcoin is the best option to hold for investment but must be kept up to a certain time. Many times when you want to make more profit you have to risk falling down you have to sell it when the bull runs in the market the right time to invest if the price goes down but no one can predict exactly how high the bull run will go. I like to hold but if the price goes up from my own capital it sells this will not disappoint anyone and it will be easier to make a profit by holding.

bitzizzix

sr. member

Activity: 2366

Merit: 448

Enjoy 500% bonus + 70 FS

The easiest way to make profit in Bitcoin is to buy and HODL aka hold ownership, Nothing complicated and you don't even have to think about it.
Most people feel the same in the OP as me, buying bitcoin at the wrong time and everything will be a lesson and learn to analyze properly, find accurate information and so on before doing it.
I also remember when I bought bitcoin when the price of bitcoin kept going up and hoped it would continue to go up, and as time went on suddenly the price went down and continued to fall from the price before I bought it.
and there is no other choice but HODL which is the best choice because I could not possibly sell it below the price before I bought it, and in the end the next few months the price of bitcoin continued to increase and I continued to hold it even though I made a good profit, and in the end at end of peak, I sold it yesterday when the bitcoin price hit a new ATH and an all-time high.

Lorence.xD

sr. member

Activity: 1624

Merit: 315

Leading Crypto Sports Betting & Casino Platform

Quote from: Expecto on May 19, 2021, 06:05:44 PM

I think that HODLing is one of the best options absolutely. Yeah, maybe buying from the dip is much better than buying from a high level. But we never know what price Bitcoin will reach in a bull market.

It is because bitcoin has proven that it will go up in the long-term, the people who say that hodling is not the best option like OP are the same people that regret not hodling three to five years down the line because they are greedy.

shoreno

full member

Activity: 1750

Merit: 118

try to replace 50k with 37k because this is now the current value of bitcoin and ask the same question . do you think those that bought btc at 37k can benefit when there is no movement in the price or when the price fell evenly . we should not stick and compare with one price because this can prevent us from buying in any rates .

it does not matter which price you bought your coin but as long you are good at holding , you can earn a profit .

Topic: Hodl is not the best option as it seems - page 6. (Read 1259 times)