Topic: HODL is the way - page 4. (Read 645 times)
I'm guessing that's your first experience as a newbie and the fact is we all have to survive first before thinking about holding coins, to hold peacefully for a long term you have to make sure the money you use for investment isn't from your daily survival money, make sure you have a job secured that you can live on, lot having a source of incoming and holding is a bad idea
Market has change, unlike before when we used to have a bull run where everyone sell off and start over again but now things have changed, institutional have taken over and wouldn't want to tank price like it do happen in the past.
Now that we have all learn our lessons for selling for a penny, buy now and hold for more years, you will enjoy the benefits of Hodl.
Now that we have all learn our lessons for selling for a penny, buy now and hold for more years, you will enjoy the benefits of Hodl.
There are other coins I sold too early for example ... 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
Everyone needs money at some point, and if that’s why you have to sell something, then there’s no point in regretting it later. I consider Bitcoin primarily as a currency I use in my daily life, but that doesn’t stop me from still being a long-term holder because I believe Bitcoin is also a very good store of value and a great hedge against inflation.
During my first years in the crypto world, I collected various altcoins mostly through faucets, and some are worth quite a bit today, while others are worth almost nothing. I agree that with altcoins it is not a good strategy to hold for long-term, but somewhere in 2014 or 2015 the price of 1000 Dogecoins was only $0.14, today 1 D is worth more than $ 0.20, imagine that
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There are also people who bought thousands of Dogecoin at the peak @$0.74 and now they worth 30% of the investment. So, don't forget the other side of HODL shitcoins, any coin other than bitcoin. You will have the risk of losing your investment.
HODL, HODL and HODL, as hard as this looks this is simply the way, all you need is lots of patience after DYOR on the coins or tokens, if you want to judge HODL just sit back and look at the past coins you sold, see? There will always the kings among them isn't it? Here is my painful experience and lessons
1. In 2016 I had 1million doge coin ( sold in 2019)
2. In 2017 I owned 12 ETH ( sold in 2019)
3. I bought YOUC aka YouEngine over 1million pieces which was 0.0003$ 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$, though I need the money at the time and my mistakes is I sold all instead of leaving some parts behind
Then there is the fact that no one has patience to wait 5+ years for this. This will be especially hard when the price goes down, and there's always a change that the coin you are holding actually dies. That has happened to me several times so be prepared to lose everything with hodling.
HODL, HODL and HODL, as hard as this looks this is simply the way, all you need is lots of patience after DYOR on the coins or tokens, if you want to judge HODL just sit back and look at the past coins you sold, see? There will always the kings among them isn't it? Here is my painful experience and lessons
1. In 2016 I had 1million doge coin ( sold in 2019)
2. In 2017 I owned 12 ETH ( sold in 2019)
3. I bought YOUC aka YouEngine over 1million pieces which was 0.0003$ 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
It's easy to claim that you are indeed holding coins for long time and sold it in a good price without a proof wallet address that holding it to verify the transaction in Blockchain. Even I can claim I hold $DOGE since 2013 and sold it yesterday that gives me a million profit. I'm not a hater of this kind of inspirational post but atleast make it realistic by providing proof. We are all anonymous here and it will be very hard for ther person to believe on someone post here without any evidence supporting it especially when person is claiming something great things that he did.
There are tokens that you thought that it will bring profit when you sold it later on. I have own a tokens before and if I did sold it sooner then the ETH I would received would have been much higher compared to selling it now. The amount of eth I can get that time is higher compared to this day.
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 hodl bitcoin, you have only little remaining to do because it is not like shit coins, it is a coin of high marketcap already and the risk is not like altcoin. There are still very good other coins to hold, but it will needs more research, I can still say studying a coin with over $500000 marketcap is not bad at all, but holding bitcoin will make the work less for you and yet you will later have to make profit. 
I wanted both a Bitcoin maximalist and a Dogecoin-to-1$ enthusiast to read my post and agree with it.
Maybe I can agree with your example (dogecoin is a shitcoin bound by Elon hype) . Those two are really comparable to a rat and a lion in terms of use cases. Im not a bitcoin maxi but I intend to use it from time to time since it ia widely used globally. Anyway I am holding fractions of it and believed on holding it since Im sure its value will still be appreciate years from now but that goes to some altcoins I am rooting for. ( Probably not a dogecoin collection) 
While this is true, this only shows the one side of things, which means this doesn't necessarily bring us into a conclusion that indeed HODL is the best thing to do in the crypto market. In every 1 coin or token you mentioned to have reached quite a success, the entire crypto market could give you perhaps a hundred which have simply died without reaching a single milestone. Of course, your keyword is DYOR but then it still doesn't give any guarantee. How many coins in the top 100 in 2015, for example, are still at the top 100 right now?
Bitcoin is for hodling.
Shitcoins are to sell whenever you have the chance to get a good/excellent profit because we all know how they work.
So except bitcoin everything for you are all shitcoin? I think shitcoin refers to those projects that doesnt add up value or cant have use cases on outside real world that helps in the goal of cryptocurrency. Yes some maybe a second hand version of bitcoin, but there are some features that are worth taking a look. Im not saying you are wrong but your statement is also not correct for in others perspective. Shitcoins are to sell whenever you have the chance to get a good/excellent profit because we all know how they work.
Actually, I intended my post not to collide with other's perception on what a shitcoin is, that is the reason I did not mention any specific project besides BTC. I wanted both a Bitcoin maximalist and a Dogecoin-to-1$ enthusiast to read my post and agree with it.
Which means: I agree with your point of view and I need to improve my redaction/expression skills in English.
The key is always patience. If you have a cold head and are not afraid of the market conditions then you will win the race. Everyone here in the past has gone through the same situation like @OP has but only after such experience that you will understand the meaning of patience and HODL.
Bitcoin is for hodling.
Shitcoins are to sell whenever you have the chance to get a good/excellent profit because we all know how they work.
So except bitcoin everything for you are all shitcoin? I think shitcoin refers to those projects that doesnt add up value or cant have use cases on outside real world that helps in the goal of cryptocurrency. Yes some maybe a second hand version of bitcoin, but there are some features that are worth taking a look. Im not saying you are wrong but your statement is also not correct for in others perspective. Shitcoins are to sell whenever you have the chance to get a good/excellent profit because we all know how they work.
Definitely HODL those shitcoins... 
In 2012, I mined about 2500 FTC, then worth about $25, because it was lighter than litecoin and was going to dominate. Now after 8 years, its worth about $6.
In 2013, I bought about 10 AUR for around $300, because it was going to be airdropped in Iceland, Now it's worth about $0.30.
In 2014, I bought 100 XPY for about $1000 because the developer set a price floor. The developer went to prison and now it's worth about $1.
Many years ago I mined a dozen different altcoins on Multipool including NVC, TRC, MOON, WDC, ... None of them are worth anything now.
In 2012, I mined about 2500 FTC, then worth about $25, because it was lighter than litecoin and was going to dominate. Now after 8 years, its worth about $6.
In 2013, I bought about 10 AUR for around $300, because it was going to be airdropped in Iceland, Now it's worth about $0.30.
In 2014, I bought 100 XPY for about $1000 because the developer set a price floor. The developer went to prison and now it's worth about $1.
Many years ago I mined a dozen different altcoins on Multipool including NVC, TRC, MOON, WDC, ... None of them are worth anything now.
The key to trading is patience. If you have that amount of patience then everything will be possible in the crypt. The coins you have mentioned are really very profitable.
HODL is not for trading and with trading, you have to need determination to exit your position. You need patience to make entry in trading but patience for exit is not necessary. It is more necessary for investment, mid-term or long-term.With trading, you must exit at a take-profit price or cut-loss price you identify before making your entry.
What OP implied is investment, not trading.
Sometimes if you HODL a wrong coin you will miss the chance to sell it that's you just did your part for selling those coins because you don't feel like there's a chance for them in the future. And so the word nobody knows is right when we are talking about the future and this goes the same to any other coin/crypto.
Most of us made a wrong decision in the past just like what OP did since no one actually know what would be the future. And holding only applies to Bitcoin since it has a solid foundation ever since in the past 10 years. If you want to HODL choose the right coin(s) not every coins is worth it to hodl.
Most of us made a wrong decision in the past just like what OP did since no one actually know what would be the future. And holding only applies to Bitcoin since it has a solid foundation ever since in the past 10 years. If you want to HODL choose the right coin(s) not every coins is worth it to hodl.
Bitcoin is for hodling.
Shitcoins are to sell whenever you have the chance to get a good/excellent profit because we all know how they work.
Shitcoins are to sell whenever you have the chance to get a good/excellent profit because we all know how they work.
HODL only applies to Bitcoin, because Bitcoin is a solid technology with strong fundamentals. It has a good reason to be worth more in the future than it is today, because it actually has users and adoption is going on, and more people - from small retail investors to billionaires and top economists, start to acknowledge it as a store of value. But nothing like that happens to shitcoins, their value is based on the hype and bigger fool theory - they grow because the buyers believe they will sell it to someone for a much higher price, that's the only purpose of shitcoins like DOGE. Sooner or later they will reverse their direction and crash very hard and won't rise again, because this hype can't go on forever.
First of all, in my opinion it isn't every coin that is actually worth hodling, people make that mistake and run into losses, personally I for one do not really fancy majority of altcoins as long term projects that should be held for too long, many of them are pump and dump coins so it'll prolly be better you take your ROI when there is a pump, and if you decide not to, it could dump sooner than you think and prolly may not go as high as it did previously.
Having said that, people regret not hodling a coin cause it just reached it's atm, but they seem to forget that they may prolly have not held it for that long and nonetheless would have still sold it along the way as well. There is actually no need regretting that you sold some of your stash, presumably when you sell it's to handle something in real life, which is not bad at all, and if you have made it a habit of regretting when you sell and you're hodling a good coin, then you'll regret more often than not because you'll definitely see a higher price sometime along the line after you sell.
Having said that, people regret not hodling a coin cause it just reached it's atm, but they seem to forget that they may prolly have not held it for that long and nonetheless would have still sold it along the way as well. There is actually no need regretting that you sold some of your stash, presumably when you sell it's to handle something in real life, which is not bad at all, and if you have made it a habit of regretting when you sell and you're hodling a good coin, then you'll regret more often than not because you'll definitely see a higher price sometime along the line after you sell.
Aside from Ethereum and Dogecoin that you've said above might have an assurance that you can earn profit but the last one I don't know that coin.
Don't feel any regret because you have sold that coin in 2019 for sure there's a good purpose, isn't it? If you've profited during the day you've sold your coin, that is fine for me IMO. Because I usually do hold too but when I most needed and there's no other option to take, I better to sold my holding that I'm pretty sure that I'm also get profited.
The word HODL is indeed good if you can able to prolong it that a better one, but I don't know why Bitcoin didn't include you in your list which is this has a good potential too, and look at the market price, Bitcoin was also hit on price and ATH and for sure it will surge back again a short correction will be done.
Don't feel any regret because you have sold that coin in 2019 for sure there's a good purpose, isn't it? If you've profited during the day you've sold your coin, that is fine for me IMO. Because I usually do hold too but when I most needed and there's no other option to take, I better to sold my holding that I'm pretty sure that I'm also get profited.
The word HODL is indeed good if you can able to prolong it that a better one, but I don't know why Bitcoin didn't include you in your list which is this has a good potential too, and look at the market price, Bitcoin was also hit on price and ATH and for sure it will surge back again a short correction will be done.
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