Topic: HODLing will get you nowhere - page 13. (Read 6228 times)
I think that HODL is the right tactic for someone who has chosen a coin of good prospective project . Even if someone thinks that this is not the case, but my opinion remains the same - the one who has long-term investments will be a winner compared to those who love daily trading.
Will its depend to the holder what kind of coin you are holding. Maybe you will getting nowhere upon holding if you loose your patience and getting panic which result to panic selling and becomes losses. I am a bounty hunter's too i used to earned from joining signature campaigned and i hold it now til market will recovered soon.
You won't really increase coin value by only trading, there has to be some value in the coin that makes it desirable, bitcoin allowed fast decentralised transaction, ethereum smart contracts - if people will be buying because of such reason price will go up, but if holders will trade only between themself then we'll have zero sum game, pumping and dumping... OK, maybe it's not that bad if there is some underlying value in the coin and thanks to that it can thrive later, I don't know myself.
If I would believe in particular coin then I would buy a bit more if price is really low.
If I would believe in particular coin then I would buy a bit more if price is really low.
The past week, as I've been looking to invest in recently finished ICOs since most of their prices are way below ICO price, I noticed the same thing mentioned over and over in their telegram channels.
People screaming: HODL!!! It will moon someday!!!!
Another one that is common: When BINANCE!?!?! If only we were on Binance!!!
This makes me laugh inside. Crypto is not a magical place where all coins will eventually rise in value if you just hold on to them.
Most ICOs did very poorly the last 3 months. The ones that did the worst were the ones that started in January
Now, a lot of these startups are underfunded and could only list in low volume exchanges and seeing their prices crash to ridiculously low prices.
And everyone is crying on their Telegram.
Listen very closely yo: The price will never rise if everyone HODls!
Prices are boosted through supply and demand and if a vast majority of people who own the coin are not trading it, than you are severely cutting in to that chain.
Instead of Hodling, you should be buying and making strategic trade choices.
Hodling helps a lot man. Why would you say that? There are coins like Paragon, Stellar and Cardano which are really great and can go unbelievably high once you wait. So hodl and relax. People screaming: HODL!!! It will moon someday!!!!
Another one that is common: When BINANCE!?!?! If only we were on Binance!!!
This makes me laugh inside. Crypto is not a magical place where all coins will eventually rise in value if you just hold on to them.
Most ICOs did very poorly the last 3 months. The ones that did the worst were the ones that started in January
Now, a lot of these startups are underfunded and could only list in low volume exchanges and seeing their prices crash to ridiculously low prices.
And everyone is crying on their Telegram.
Listen very closely yo: The price will never rise if everyone HODls!
Prices are boosted through supply and demand and if a vast majority of people who own the coin are not trading it, than you are severely cutting in to that chain.
Instead of Hodling, you should be buying and making strategic trade choices.
this is false. One of the most untrue words I have seen on these streets. Hodling is very much profitable, and will get you wherever you want to get. A lot of investors lack the skill to trade, and hodling is anpther good option that they have resorted to, and they have profited so much from just hodling their coins.
At present, there is a situation where investors have become disillusioned with long-term investments. This situation is absolutely clear. If only there is free spare financial resources, then the best time at low prices to purchase a few promising altcoins and save them for 3-5 years.
Long-term investment this is a great tactic , especially when you don't have sufficient knowledge to guide short-term trading . But making long-term investments need to take into account that not all coins will survive, especially now when the market is bearish . You need to take into account how long the coin is on the market , how strong her team is whether it has application in real life and the finished product.
We have constantly considered inside having and also this approach does work for me personally as opposed to being concerned each day and also questioning when industry increase nowadays. Having in fact given that you simply the far better potential for getting income and also for some reason offers you time and energy to think again about on your own method. Even though this kind of operates for me personally, it could not necessarily benefit other folks. However, my partner and I don’t notice anything at all completely wrong inside holding, it is, in reality, less hazardous as compared to investing.
Cannot be generally said that hodling will get you nowhere. Ask those who hodl btc for a few years if this hodling got them nowhere 
Smart trading decisions can earn you more, of course. But not everyone is a good trader, therefore hodling brings less risk and stress. Not to mention that trading is quite time consuming. And I would not be too much worried that everyone would just hodl and there would be no trading. There will always be some speculants and as the cryptomarket is still young, additional demand can be easily created by new money flowing to crypto.
Smart trading decisions can earn you more, of course. But not everyone is a good trader, therefore hodling brings less risk and stress. Not to mention that trading is quite time consuming. And I would not be too much worried that everyone would just hodl and there would be no trading. There will always be some speculants and as the cryptomarket is still young, additional demand can be easily created by new money flowing to crypto.
If the coin is good enough, why not save it. If there is no bad demand for a coin, then the price will rise, and it will be possible to sell it very profitably. It makes no sense to hold weak coins.
Holding is a way of holding Altcoin to overcome the difficulties of the market as it starts to worsen. When bad things happen, the Holder begins calling people not to sell their Altcoin to reduce their selling power and help the market stabilise and not worry when it falls too far.
you say ''The price will never rise if everyone HODls!'' and this is true absolutely. but you miss the point. if you hold some underdog coin for example if you hold nano in past times and others use it for trade and volume and price rise because of that; end of this action there is only be winner. guess who? of course you.
but if you say holding is only thing that gives you money, this is also wrong. you should do other things like nodes, leverage trading, ico's etc. crypto is still new area we are the lucky ones.
but if you say holding is only thing that gives you money, this is also wrong. you should do other things like nodes, leverage trading, ico's etc. crypto is still new area we are the lucky ones.
I don't think so. See what happens to those who hold Ripple, the value increases and they are celebrating their win because they are patient. Waiting is the worst experience you can have because of the low price. It can make you give up on your coin but if you have the right mind set, you will hodl it until the right moment.
I think hodliing is more effective than other strategies, if you can hold the right coin then surely you will benefit, but if you only hold a coin that has no potential in the future, your patience will not produce good results.
I fully support this view, You need to know what to hodl and what to let go. Some projects can appreciate similar to what eth did, others will just cease to exist.
I think hodliing is more effective than other strategies, if you can hold the right coin then surely you will benefit, but if you only hold a coin that has no potential in the future, your patience will not produce good results.
Holding is better than selling, but it depends on the potential of the coin that you trying to hold
Not all crypto coins that you decided to hold are worth it and profitable, there's some coins from ICO's are worthless or a scam.
Not all crypto coins that you decided to hold are worth it and profitable, there's some coins from ICO's are worthless or a scam.
Dont get me wrong but I dont think that hodling will get nowhere. To think that bitcoin or crypto king takes 8-9 years to reach its all time high. So does altcoins that has potential will reach their all time high like bitcoin by 5-8 years maybe. Hodling is the ability of the investors to just stay calm even the market in on panic because they believe in the potentials of they crypto or altcoins. They dont seek for short term profit because they looking forward for the change that their coins will bring. If you're a short term trader maybe hodling is not good for you. Hodling is for the risk takers.
Holding is a stratergy that we have seen to have worked in the cryptocurrency market! The value of bitcoin is greater that it's market value considering the decentralized nature of bitcoin and a very promising protocol that can actually change things! I will be holding my bitcoin for a long time!
Tell that to those that invested in bytecoin and dogecoin years back ,these two coins were called shitcoins too because its simply too cheap ,back to 2017/2018 see what is happening now? Every coins has its days ,holding coins will get you bigger profits.
Why? withholding is the best thing to avoid loss, if you are unable to speculate and are not prepared to face losses then most traders will hold their tokens
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