As there are thousands of altcoins, not everyone can be able to foresee what the future holds for the altcoin the hodl in your portfolio. The crypto market is full of surprises that you can't be able to comprehend. To Hodl a coin never seems easy cos you will be hit by ideas to sell off your tokens when life challenges question your brokenness. Many have sold their tokens because of that.
The higher the price of a coin goes up, the more tempting it is for you to sell it off.
You have made a good fortune out of crypto.
Topic: HODL is the way (Read 645 times)
Holding was the name of the game when bitcoin was in the early days but i think short term holding is more profitable than holding for longer periods because you remove any missed opportunities of taking out your profits and also prevent keeping high expectations when markets are actually reaction in an opposite direction as was expected.
If you have decided to hold coins or tokens for long so that is best strategy because my personal experience if you have patience you take huge profit as long term. Because crypto is check your patience. . Other you have panic sell. You have check those coins which have included too much potential . And hodle for long term so definitely it will return as a big bonus
Holding the coins that are owned is indeed a good thing, especially if we hold coins that have a good prospects. Rushing into action is not good but we cannot continue to regret what has happened. I don't think all coins are good to hold, there are some trash coins that even go down if you hold them so be careful not to choose bad coins because it will only give you losses. I suggest if you want to get the profit then hold on to a coin that is trusted and the prospects are also good, but I realize that choosing it is a difficult thing.
And that is why we have to choose the best one. Doing research is the only way to make things right and will choose to hold those coins that we trusted, not those shitcoins and fake projects. But I think we don't just end up holding forever, NO, it is sometimes we need to improve our portfolio through having some trade. If we wanted to make it more profitable, we rather have to choose to take more risk than usual holding we do. I know it was hard but, if we are motivated to do it, that can't be hard anymore...it is all about how we dream more of ourselves.
Holding is the way for good coins that are reliable not for coins that does not have future. Purchasing a coin to hold there must be that assurance that the coin has a future . Holding is the way for people who can exhibit patience and those who are strong emotionally, this are the set of persons that can successfully hold a coin.
Holding the coins that are owned is indeed a good thing, especially if we hold coins that have a good prospects. Rushing into action is not good but we cannot continue to regret what has happened. I don't think all coins are good to hold, there are some trash coins that even go down if you hold them so be careful not to choose bad coins because it will only give you losses. I suggest if you want to get the profit then hold on to a coin that is trusted and the prospects are also good, but I realize that choosing it is a difficult thing.
Its very important that one should buy solid coins for long term HODLing. If you buy shit coins then there is no point in HODLing them since they came to limelight during pumping and rest of there future is dumping. BTC and to 20 ALTs from CMC are good choice for long term HODLing, just spare 5 to 10% of your capital for new projects.
HODL, HODL and HODL, as hard as this looks this is simply the way, all you need is lots of patience after DYOR on the coins or tokens, if you want to judge HODL just sit back and look at the past coins you sold, see? There will always the kings among them isn't it? Here is my painful experience and lessons
1. In 2016 I had 1million doge coin ( sold in 2019)
2. In 2017 I owned 12 ETH ( sold in 2019)
3. I bought YOUC aka YouEngine over 1million pieces which was 0.0003$ and today it's 0.65$
Same here I also got YOUC 145k from bounty and sold like $350 and AR (Arweave) worth 3500 sold at $0.5 todays price $60/AR if IM not mistaken. I should have not sold this tokens if not needed but no regrets as it really helps during financial problems. The strategy of holding is still effective if you bought it before bull market comes. 1. In 2016 I had 1million doge coin ( sold in 2019)
2. In 2017 I owned 12 ETH ( sold in 2019)
3. I bought YOUC aka YouEngine over 1million pieces which was 0.0003$ and today it's 0.65$
This is the worth of holding. Some people with high patients will get the worth of holding with high profits. But of course, that is also not only holding but holding potential coins. we know that holding also requires high risks when we are wrongly holding shit coins and they become dead coins someday. However, for those who are holding potential coins with high fundamentals, active and strong teams, and also good use cases, holding will mean very worthy.
And many people have proven this.
However, some people may not be ready or patient for long-term holding. Cheer up for whatever we do and decide. Both you are holding or trading, as long as it can ern profits, why not?
And many people have proven this.
However, some people may not be ready or patient for long-term holding. Cheer up for whatever we do and decide. Both you are holding or trading, as long as it can ern profits, why not?
Never trust a shit coin. Once you have a good ROI do sell and buy back with the initial capital so you don't lose out on everything. Once can only risk holding bitcoin because it has a purpose and also a good project plan. But for most altcoins holding for too long could be too risky its better to sell and buy back so if it crashes you wouldn't be losing anything
2021 was the year of shit coins, check the ROI generated by these coins in just a few months. I too agree that you can completely believe in them but if you are in for a short gain of a few months then invest in shit coins and also be prepared to lose what you have invested. Risk is pretty high in such coins therefore always DYOR.
Holding the coins that are owned is indeed a good thing, especially if we hold coins that have a good prospects. Rushing into action is not good but we cannot continue to regret what has happened. I don't think all coins are good to hold, there are some trash coins that even go down if you hold them so be careful not to choose bad coins because it will only give you losses. I suggest if you want to get the profit then hold on to a coin that is trusted and the prospects are also good, but I realize that choosing it is a difficult thing.
Hold yes but set up a profit and close off the trade when its met. Its not advised to just blindly hold coins on long term when its in profits. Have few best coins chosen in hands. Once move out of a coin, move into other coin which is at the low rate and sell that off when the price increases. Holding is really advised but yes do not just hold when blindly hold. Just watch out its growth in the market and act accordingly.
HODL, HODL and HODL, as hard as this looks this is simply the way, all you need is lots of patience after DYOR on the coins or tokens, if you want to judge HODL just sit back and look at the past coins you sold, see? There will always the kings among them isn't it? Here is my painful experience and lessons
1. In 2016 I had 1million doge coin ( sold in 2019)
2. In 2017 I owned 12 ETH ( sold in 2019)
3. I bought YOUC aka YouEngine over 1million pieces which was 0.0003$ and today it's 0.65$
There are other coins I sold too early for example PYR at 2$ and it's now 9$, though I need the money at the time and my mistakes is I sold all instead of leaving some parts behind
1. In 2016 I had 1million doge coin ( sold in 2019)
2. In 2017 I owned 12 ETH ( sold in 2019)
3. I bought YOUC aka YouEngine over 1million pieces which was 0.0003$ and today it's 0.65$
There are other coins I sold too early for example PYR at 2$ and it's now 9$, though I need the money at the time and my mistakes is I sold all instead of leaving some parts behind
And then you could've bought BCC at 460+ bucks, and HODL them until your grandchildren grow spider webs, and it wouldn't make much of a difference, would it?
In ANY case, if you choose to HODL, it pays to keep an eye on your money. There's a gazillion examples of people becoming rich while HODLing, and there's another gazillion example of people losing everything.
It depends what kind of trader or investor you are some of us of course there's regrets in life like what if we invest our asset when the price is low and what if we didn't pull out our asset dring the down trend of the market again its the world of cryptocurrency it depends on your knowledge, trust and emotional aspect to win the market profit. If you are a short term trading I guess you need to wait for the right trend to sell or buy but if you are a long term trader it's ideal to buy and sell those coins once you think profit % is enough.
Why is no one talking about tokens they sold early and the project never reached its all time high ever again? There are tons of projects like this in crypto space, only hold projects that will no doubt be useful for the masses for example smart contract projects like avalanche and Polkadot
Hodling is a nice investment expecially in bitcoim , hodling only work in hands with patience. Hodling is unique if you look back to previous years when bitcoin price was low those who invested in bitcoin, who hodl for sometime till when bitcoin price hits at $47,$48-$50 have already make reasonable amount
Hodling is a simple and effective money-making approach for people who are new to the market. However, it can also be risky if you fail to invest in the right coin. Being a volatile market, crypto rises and falls instantly, leaving everything at risk. Therefore, you need to be mentally and financially prepared for it.
No, it is not simple as that. If you do not have a strong hand to hold the coins or tokens, you will not be able to hold that instead will sell because of the trend. In the volatility of the market, you will see the price will go to any up and down price so that can make you worry and afraid and at that time, you will sell the coins or tokens because of that reason. So it needs many things before you can become a holder.
Holding is the key to become a future millionaire most people has keep panicing when market suddenly crash or down. if you have patience so nobody can stop you to become a millionaire. i realized when people panic so big whale at that they have filling our bages. just retailor sell their own crypto in looses . you have decided did you hold for long term and hold for short term? many smart investor are knew that we can successful for long term like 2 to 3 years after that they making good profit
Hodling is a simple and effective money-making approach for people who are new to the market. However, it can also be risky if you fail to invest in the right coin. Being a volatile market, crypto rises and falls instantly, leaving everything at risk. Therefore, you need to be mentally and financially prepared for it.
Few weeks ago I was just discussing with my brother which we started trading at the same time about coins which we sold before and the price which we sold them and there current price, actually I sold all of them at profit but I was just thinking if I didn't sell them then and am still having those coins in my wallet I believe I will have been very rich my now but seriously have learnt my lesson and any coin am buying now am not selling them am ready to hold them for years.
Trading requires special knowledge and takes a very long time, while holding coins does not take up your time. And if you don't have enough free time that you can spend at the terminal, then the best solution is still hold. As practice shows, adhering to such a strategy, you will not lose your deposit, unlike traders whose positions can be liquidated.
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