Topic: Hodl is not the best option as it seems - page 7. (Read 1259 times)
hodl is one of the best methods for me. and I think it's the most guaranteed investment method. because short-term trading is not something that everyone knows and can do. Therefore, with hodl, we have a chance to make a more secure and secure investment. Even someone who does not know how to trade has the chance to earn a profit by hodling. The important thing is to buy from the bottom and sell from high. but we do not know which is the lowest price and the highest price.
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.
everyone's hodl method is different. some say that they will hodl for years or months after investing, and they do not interfere with their investment in any way during that time. some also want to hodl by increasing the amount. It increases the amount of investment by realizing profit at every rise and taking it again from low. Also, as something continues to rise, nobody wants to think it will fall. That's why he is greedy and does not think to sell because he thinks it will constantly rise.
You clearly don't understand how long term investing works. As a reader exercise, look at someone who bought Bitcoin in 2010. Was it better for them to sell at the first small gain, or hold until 2021?
Yes technically they might have missed a 20% drop or two, from $10 to $8, but over the course of a decade they got a 400,000% gain.
Yes technically they might have missed a 20% drop or two, from $10 to $8, but over the course of a decade they got a 400,000% gain.
Hold is the best choice when buying at a price that is too high, especially when the price is not good. Hold will keep your assets intact even if their value decreases.
In the long run, Hold is a pretty good strategy rather than having to make cut losses and losses. having a reserve fund will be very important to buy again at the lowest price.
In the long run, Hold is a pretty good strategy rather than having to make cut losses and losses. having a reserve fund will be very important to buy again at the lowest price.
Why not? Hodl is the key of success in cryptocurrency market . As market is down I think this is the best time to grave and hodl tightly . Just imagine last year's in 2020 bitcoin was $ 3000 and Eth was $300 and after a year I can see the difference and regret if u didn't hold . Holders are always gainer
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Misinterpretation between trading and hodling I guess. Short-term goes for trading specifically day trading. Let's see who has the strongest hands to hodl this much. Pretty much a lot of people that were/are here since 2017, not just the forum, but also crypto would be just meh to the current price. It's nothing new or surprisng.
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+1 to the Bitcoin Obituaries again, I guess. 
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?
Do you forget about recovery? Yes they are on negative now but doesn't mean that they wouldn't able to break even if they do decide to hold but the question is that no one knows about recovery.For those who do just blindly jump into this market would be the main people who would get frustrated due to price decrease but for those people who are aware then this wont really be an issue.
Hodl is just for those who can really do this stuff until the very end and this is n another shake off.
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?
Am wondering how did you jump into crypto trading without the knowledge.Do you know I used this dip movement to double my positions.
The trader begs for the market to drop so he can cash out big.
Imagine you had 1btc at 60k. It starts to bearish. You sell out and wait for the dip to end and you buy back at 30k like today. How many do u have 2btc and in a week BTC moves to 80k. If it will move thereafter, a drop like this maximum correction and a smooth ride upwards without any much resistance.
You now have 80k X 2=160k.
BTC should drop again after we get to that top.
It is a good option in longer terms, you can't expect to get the maximum profits if you can't hold and if you cash out as soon as you see a new ATH. If you cash out you certainly made a profit, but this isn't the highest Bitcoin can go. I think now is the time to buy more or even wait so it drops more and then buy. If you use dumps smart you can make lots of money by holding. Just invest smart, don't panic.
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.
I love your answer that is if traced to the long run. But l asked my question mainly for the short runners or what just happened. The 50k buyer will not profit like the 39k buyer that's my question
Of course they wouldn't get profit since they bought it at a high price and that is why short term traders have what you call "Cut Loss" to avoid having their asset get lower and they could re-enter whenever they want.
HODL is the best option if you are in it for a long run but if you're easily scared or shaken it wouldn't be the best option for you.
You haven't lost money until you sell, so HODL is the only sensible option now, unless you are desperate for cash of course.
The big question is when to buy more Bitcoin.
The big question is when to buy more Bitcoin.
You better get used to these spikes and dips because bitcoin is controlled by billionaires with billions invested in it. At this point, like all investments, once the whales figure out they can make massive profits, the small investor is at their mercy. The best bet is still to buy low and sell high or just hold and pray. Selling out of fear and taking a loss should not be an option. Bitcoin is dragging down all crypto right now, including block chains, but it'll recover after the panic sellers are shook loose.
November 2018 talks were about "Oh, Bitcoin is now only $5k, it's dead."
January 2020 talks were about "Oh, Bitcoin is now only $7k, it's dead."
January 2021 talks were about "Oh, Bitcoin is now only $30k, it's dead."
I wouldn't be surprised if next year the talks are going to be about "Oh, Bitcoin is now only $90k, it's dead."
#HODL
#BTC
and other cryptocurrency.
January 2020 talks were about "Oh, Bitcoin is now only $7k, it's dead."
January 2021 talks were about "Oh, Bitcoin is now only $30k, it's dead."
I wouldn't be surprised if next year the talks are going to be about "Oh, Bitcoin is now only $90k, it's dead."
#HODL
#BTC
and other cryptocurrency.
Well you can't always expect to buy things at low price and able to sell them at a high price. Bitcoin is volatile, and it's normal if the price drops. That's why, when the price is low, it's another chance for you to increase your investment, not selling it. So that when the price increases, you can gain profit again, and won't experience loss from your previous investment. Even if you sell it now, you'll just experience loss right? So that's why it's better to hodl. Not having any profit is a lot better than losing many.
History repeats itself indefinitely apparently.
Since joining the crypto world and whenever the price rise, all you heard from some people is: sell it before it drops, do not buy in ATH, manipulation, bla bla. Whenever the price drops: it is the end, do not hold and sell with losses rather than losing all your money, bla bla bla...
During these years of HODLing, I don't recall there is any hodler that cried about losing a cent. People who bought bitcoin before 2013, recovered in 2013 ATH, those who bought in 2017/2018 ATH, recovered in 2020/21 ATH, and for sure people who bought and hodl during the previous weeks ATH, will get back their money and more as usual in the coming weeks, months or maybe years, JUST HODL!
Since joining the crypto world and whenever the price rise, all you heard from some people is: sell it before it drops, do not buy in ATH, manipulation, bla bla. Whenever the price drops: it is the end, do not hold and sell with losses rather than losing all your money, bla bla bla...
During these years of HODLing, I don't recall there is any hodler that cried about losing a cent. People who bought bitcoin before 2013, recovered in 2013 ATH, those who bought in 2017/2018 ATH, recovered in 2020/21 ATH, and for sure people who bought and hodl during the previous weeks ATH, will get back their money and more as usual in the coming weeks, months or maybe years, JUST HODL!
If it's too much now minus it would be better to hodl. I hodl some coins potentially no matter the current storm. The market will definitely recover soon. People must be waiting for this a lot.
This is a simple calculation obviously you won't gain when there is a deduction the price you even gave is lower than that as of now, if you begin to compare the rate at which you get your coin to others is just a waste of time, for the person that bought at $50k holding is the key. This will soon be over
If you can not make your good prediction but have strong mentality, why do you not hodl your Bitcoin?
If you want to take profit at a price you clearly plan, hodl and wait for that price. $100,000 ok if it won't be seen in this year, wait for 4 years later, you will see it.
If you are not sure how to trade, hodl is the best.
When you hodl, use non custodial wallets. Please don't store your Bitcoin on exchanges and consider you are hodling.
If you want to take profit at a price you clearly plan, hodl and wait for that price. $100,000 ok if it won't be seen in this year, wait for 4 years later, you will see it.
If you are not sure how to trade, hodl is the best.
When you hodl, use non custodial wallets. Please don't store your Bitcoin on exchanges and consider you are hodling.
it depends on how you define "hodl"! buying at some arbitrary price and then "hodling" for a week thinking you are going to get rich is obviously not the best option because that is ridiculous by principle.
otherwise if you look at the long term price and the future potential of bitcoin you can see that right now the best option is to "buy and hodl" in a very nice dip.
otherwise if you look at the long term price and the future potential of bitcoin you can see that right now the best option is to "buy and hodl" in a very nice dip.
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