Topic: HODL or SODL? - page 2. (Read 607 times)

HODL !

Buy if u can and the price are low 

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

But this is exactly what I mean. You don't counter my points with even 1 single argument. You only say that I'm bitter and that altcoins aren't better. Ok you do make 1 argument about moving coins to your own wallet, you can indeed increase security that way but still, your own pc can get hacked too, my point was that with banking money you have free insurance, with BTC you have none. When it's gone, it's really gone.

Anyway it's interesting that people can post NO argument against my points. And still, there are all these people here that are somehow convinced that HODL is a good strategy. I find that really interesting.

Given thaf its market value is falling, it will be obvious that selling would not be a good option. Holding will be a much better idea because dumps are just temporary. Its market value will eventually increase, the only problem is that we don't know when will it exactly to happen. But also, patience is a virtue so just hold.

We are on same page when it comes to the perspective that we are thinking about bitcoin right now, even though I need money but I'd rather support bitcoin than making it down more, I won't put it in danger, as much as I need bitcoin, it needs us more right now, at the end of the day we will all benefit in it.

I am not even thinking to sell it 'coz I don't have any plan even if its market value at this moment is falling. This is just temporary and it happened a lot. Volatility is normal and natural on most of the cryptos including Bitcoin. Its price will eventually rise which makes me want to invest on it at this moment. Well, I guess I am not the only one who would do so. Just hold and forget being worried.

Or you just fail to understand how GOOD the future looks, and that clearly shows when it comes to your lacking confidence in LN. Another thing is that altcoins aren't any better, and even worse in most cases. The sole reason the majority of the altcoins can still operate with lower fees, comes mainly from the lack of actual usage. If you can't fill up your blocks, there is simply said not enough demand for block space. BCash want to make things even worse by having their block space even further increased, and that while their blocks in current time and day are near empty. In order to have that block space scarcity, Roger is better off massively decreasing their current block space, otherwise they will never have full blocks.

Hacking and fraud a huge problem? Simple solution is that you avoid making use of centralized services, and start using one of the available hardware wallets to increase your security. Bitcoin gives people full control over their value, so you are supposed to properly take care of that in the best posible manner. If that's too much responsibility for you, then you have the option to use centralized services. Coinbase offers a bit of insurane, where in case they suffer a loss affecting their hot wallets, you are covered for the entire amount that has been lost. I am however not exactly sure if they will pay you back the digital assets that are lost, or just the value in fiat. If even that isn't enough, then you probably should just remain a slave of your bank.

Damn, what did crypto do to you? I feel there is a heavy load of bitterness that you try to cover by going all out against it.

HOLD mate. This is not the right time to sell, but maybe the best time for us to have more bitcoins in our digital wallets, because of its very low price that makes a huge profit for us in the future. And when the time comes that the bitcoin price start to pump into its highest value, then that is the right time for us to sell all we've got now, and make a huge profit from a very cheap capital.

But that's just because people have stopped using it. The number of transactions have gone big time recently (66% down since december: https://blockchain.info/nl/charts/n-transactions) , that is why it's become faster and cheaper again. But if volume would pick up, we're back to extremely high fees and slow transactions. Technically it's just not possible to have bitcoin do more than 7 transactions/second world wide on chain, THAT is the whole problem here. The decentralization also makes it impossible to have on-chain transactions process very quickly to make it suitable in physical shops (no customer wants to wait longer than even 15 seconds in a physical shop for his confirmation, let alone minutes or hours!). Of course the 'solution' that's being presented is Lightning Network but that's never going to work for reasons I've laid out before: https://bitcointalksearch.org/topic/reasons-why-lightning-network-will-fail-2792933

The tech is just not suitable as payment system. But even if it was: governments actually are cracking down hard on it because they see it as a possible threat to their own national coin (= power which they will NOT give up). And then there's the hacking and fraud which are HUGE problems. If your bank gets hacked and your money stolen, your government will have your back and reimburse you. If your BTC gets hacked, who are you going to call? And I'm not even talking about quantum computing. If this succeeds ALL blockchain currencies will instantly be worthless. And the big companies are very serious about it and making huge advances: https://www.cbronline.com/news/ibm-google-intel-quantum-computing

The future of bitcoin just looks SO bad, I honestly really don't understand why some of you guys seem to be so positive?

Its easy to understand. That guy is trusting bitcoin, its tech, its comeback, its price to increase again soon. Why is it its hard to understand simple words by saying I have trust in bitcoin?
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.

So much FUD.

He's trusting bitcoin, he's trusting his investment, very simple.

I never understand that. Where does that trust come from? Simply from the notion that in the past it ALWAYS recovered? Which somehow would thus has become a law of nature, a given FACT that it will happen again? That's really the dumbest thing I've ever heard. BTC failed as payment system, governments are cracking down on it, market places are getting hacked, possible tether fraud, influx of new money has dried up, now big banks in USA are even banning bitcoin buys with credit cards ... So much bad news, I really never understand post like the above. It's much more logical, to me, to have complete trust that bitcoin is going to 0 and thus short it and stay short (which is exactly what I'm doing and which the big guys are doing too). All the facts are pointing to the notion that bitcoin will NEVER become a success.

Not my strategy but my action is HODL. I have a complete trust on bitcoin maybe it take some good time to recover( I know bitcoin does not take too long to recover  ) or go a bit deeper but I am HODLing it tight.

My strategy now is to hodl my btc. I have learn my lessons not to sell it in a rush sale because of being afraid holding them when I saw the prices goes down rapidly. Even I am losing some of what I invest but I am still buying to stock it and hold it.

The strategy I use is to hold my coins through tough times like this. If I make profits in great times I usually takes out some of it and out into new coins.

perhaps HODL is good for now even though the price always fluctuate ,indeed its normal 'cause its always happened and perhaps if the price drop it will not continue to decrease and for sure it will go up then down after because of the volatility and also the price is not yest stable.  So much better to HODL now until the rocketed .

now the best way is to continue to buy bitcoins. the more the price falls we have to buy more and sell simultaneously at a high price. and I think that would be the best way right now. and may not be recommended if using short-term trading. otu just wastes time and takes a lot of money we have

i am stuck at holding so HODL it is

As of now,  I am waiting for some of my coins to recover its price that's why I'm holding it for now,  I won't sell it until I gain atleast 5% profit lol.  It would be a waste if you sell it right away without taking a good profit.

The best thing to do in these red days is to just move core funds into cold storage and hold them there until spring arrives. If you have some hot funds lying around you could try to catch some swings. This is quite risky because markets can crash very quickly.

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.