Topic: HODL or SODL? (Read 609 times)
As much i wanted to invest in bitcoin, i also want to hodl my bitcoin especially during bitcoin's price falls down. Those who panic sell actually loses money because they sold their holdings at the very cheap price.
Despite the continuous decline we have experienced over the past few weeks, I think that the most effective and profitable strategy tp do doing these times is to hold rather than sell. Selling won't give justice to your investment since you would end up losing more rather than gaining. That mere fact shouldn't let you consider selling as an option. In investing in Bitcoin, you have a goal and I believe that you should hold on to your Bitcoin until you reach that goal. So I guess, holding is really what one should do to assure profit. Patience is just really needed when you choose to hold.
BODL !!
I mean, BUY !
And there we have another one. I guess OP should edit his post and add that to his list. Right now, what I am doing is HODL and BODL. I am in for long and I have been in for some years now and with all that I have seen so far, nothing is shaking this hand from mistakenly SODL-ing. Now, with the dip, it just brought a better chance to even load up more.I mean, BUY !
Anyone who is not even buying now is slacking. This is a good moment to start refueling and loading up for the next rally to the moon. This year to me is going to be an awesome one even more than last year, and this just gave chance to the true believers and investors in cryptocurrency to hold up because I believe we are totally leaving the adoption phase very soon. Before, now and forever, HODL will always pay.
What is your trading strategy right now?
I purchase the coins then I just hold them for quite a bit then sell the coins when the price is at a level that I want it to be.Is that similar to short selling/trading
My strategy is to accumulate as many coins as possible of the best projects and hold until 2020.
I think that only the best projects will survive in the long run, say 5% of everything we see today
I am convinced your strategy will work. The mini coins and the ICOs I think as well they will not make it. The world does not need tons of cryptocurrencies. They were all create only by the purpose to draw money out of the pockets of the small investors. That will either be closed by laws or by the sense of the people. I think that only the best projects will survive in the long run, say 5% of everything we see today
My strategy is to accumulate as many coins as possible of the best projects and hold until 2020.
I think that only the best projects will survive in the long run, say 5% of everything we see today
I think that only the best projects will survive in the long run, say 5% of everything we see today
I can only envy your patience, as for me it will be not easy to hold Bitcoins and altcoins for 2 years. The desire to sell alts and BTC might overweigh the practical approach to this business. I hope I can hold crypto until 2019 at least.V
my strategy especially now only hold
all my wallet lost about 20-30 percents((( that s why -HODL
Usually I buy and keep for 2-6 month. depends on coin
You can also buy now, because bitcoin now has drop and most of big investors afford to buy bitcoin now and wait for it to increase again so you can gain more bitcoin in the future, some of us still positive about bitcoin because they say that how many time that bitcoin price drop but still remain in the top! I think that is true. all my wallet lost about 20-30 percents((( that s why -HODL
Usually I buy and keep for 2-6 month. depends on coin
My strategy is to accumulate as many coins as possible of the best projects and hold until 2020.
I think that only the best projects will survive in the long run, say 5% of everything we see today
I think that only the best projects will survive in the long run, say 5% of everything we see today
I can only envy your patience, as for me it will be not easy to hold Bitcoins and altcoins for 2 years. The desire to sell alts and BTC might overweigh the practical approach to this business. I hope I can hold crypto until 2019 at least.V
sodl and send to another country..
BODL !!
I mean, BUY !
I mean, BUY !
HODL !
Buy if u can and the price are low
For people have a lot of cash for investments, this will be more applicable. But for a beginner that having a minimum resource, SODL will be a perfect strategy for it because rather than risking you investments that may not recover in terms of bouncing back. Buy if u can and the price are low
My strategy is i always for the time the coin/token return me enough profit normally 500% to 1000% but i never sold all coins i sell 80% and put the remaining 20% back in safe wallet for other boost in price but some time if i need for payments of bills then only sell equal to required bill payment amount.
What is your trading strategy right now?
My trading strategy sell and buy to hold back. When I feel bad, I'll cut my losses. Many cases are inaccurate, but overall okay.
I understand the need to SODL for expences.
The zoom out graph though shows how you can be badly disciplined for SODL, or rather trading over HODL and its to hard to predict when the next evaluation jump will be.
I would love to trade, but the risk is so high of making a fraction of hold. In a mature market sure trade, this is not that.
The zoom out graph though shows how you can be badly disciplined for SODL, or rather trading over HODL and its to hard to predict when the next evaluation jump will be.
I would love to trade, but the risk is so high of making a fraction of hold. In a mature market sure trade, this is not that.
Lets not forget this isn't the first time bitcoin has crashed significantly with high percentage losses, and as usual it always rebounds. Now as for the OP I would go for HODL and BODL (Buy) As I am still a firm believer that bitcoin will reach an all time high at the end of this year. As for the BODL though I would give it some time as it might drop even further before getting back on its feet.
It's too late to cut my losses so I'll go to HODL, there's no turning back. I'm just hoping that btc will rise soon because if not then bye bye to my Gadget Goals. 
I'm SODLING. The only thing I know for sure is that bitcoin is going to die, so I just keep my shorts. Predicting the little waves is too hard. So best to just keep short.
I respect your decision if you are going to sold your coins but no offense sir, I can't accept your prediction that Bitcoin is going to die. It doesn't mean that btc is going to end just because of its large drop. Well, I understand that you have your own freedom of expression and I know that I don't have the right to interfere it but at least next time try to become careful to your assumptions and lessen being too confident since you don't show a strong basis and the mere fact that you are opposing the majority
I hold my bitcoin but I have some that is for trading. There are still many opportunities out there even though the market is down. It is the best opportunity to buy because prices are down so it is like a sale and if you already bought some of your favorite coins then it would be the time to average down so that when price reverse, they would be in the green again and you will have bigger gains. If you entered early in the bitcoin scene then most likely you are still in profit but if you entered late last year then most likely you are at a loss now so just hold and then maybe buy more if you have funds to average down.
You are generalizing your whole idea. How about those companies that are still accepting bitcoin payments? Did they stopped using bitcoin?
The number of companies accepting bitcoin is actually dropping indeed: http://www.businessinsider.com/merchants-arent-accepting-bitcoin-2017-7
Before it failed but with the current situation fees are down again and speed of confirmation as increased so its good as a payment system again.
But that's just because people have stopped using it. The future of bitcoin just looks SO bad, I honestly really don't understand why some of you guys seem to be so positive?
You are entitled with your opinion though.
Must be SODL chose only those people who think "better to sell now to have at least something till the price didn't go even lower". Call me a believer, but I use to believe to those experts who say that it is just a moment of time and this year we can expect the price over than 40000$. This is going to be the perfect target for my holding and I do not plan to make a move before that happen.
Jump to: