Topic: HODLing will get you nowhere - page 24. (Read 6255 times)
I agree with the author HODL is not always needed, if a coin with a small market capitalization and is a weak draft, then most likely you will lose your money if you continue to keep it. It is necessary to monitor the market and news how to change your portfolio. The HODL strategy is optimal for the strongest coins on the market.
if you listen to the words of others and always invest because of burning talk and following the decisions of other traders then you will not get results from your investment. maybe you will fall too deep.
Holding will profit you for whatever length of time that you know the system to which you can use and may twofold the measure of benefit it by detecting the correct planning when it going to exchange or not and grabbing the chance while the estimation of bitcoin is high with the goal that you will procure more instead of losing it.
Holding is the best way to make a profit, but it depends on the type of coin you hold. When you intend to hold, you have to choose a potential cryptocurrency, because that will give you better benefits.
In my personal opinion, the encryption market will be a powerful one because of the great features that it can bring to people. So when you already own the potential electronic currency in your wallet, when the market moves to make those e-currencies drop sharply, you calm down, keep them. In the near future, you will benefit greatly when these currencies rise.
Only if the price continues to drop down and wouldn't recover,
But if it does recover then it would definitely get you something big,
And only if you bought it at a high price then holding a coin wouldn't get you anything but stress specially now that the market is dropping low.
But if it does recover then it would definitely get you something big,
And only if you bought it at a high price then holding a coin wouldn't get you anything but stress specially now that the market is dropping low.
There are indeed some coins that are useless even though they hold for a long time, but that's not all. of course there are some coins whose prices go up high, and people who hold coins will get a big profit. only we have to be able to determine good and potential coins.
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.
all possibilities can occur because no one can know for sure what one strategy will be like waiting, holding back with patience for its main capital 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.
I disagree, trading short term will just lose you more money unless you know what you're doing which 95% of people don't
I guess what your trying, to say in this season of market crash is that holding will make more and more coin dump and not rise. As for me i dont think most coin holders will accept with you cause it not this same concept and ways we all are using in crypto cause some people believe in hold some believe in buying and holding so it just different cause no one will want to lose his or her money,time and investment.
Personally, I am convinced that holding coins is really an effective and profitable strategy for investors. And this statement is confirmed by many cases from practice. Provided that the market is correctly predicted and the correct choice of suitable coins, it is possible to achieve good long-term benefits.
Hold only good coins, don't hold shitcoins. If you don't sure that coin will go to the moon, don't hold it, sell it if price falling.
In january I bought 1ST for 1$ and sell it in february for 0.7$, now price is 0.38$. I loss money, but only 30%, not 60%.
In january I bought 1ST for 1$ and sell it in february for 0.7$, now price is 0.38$. I loss money, but only 30%, not 60%.
This is the best response I've read so far. What is most important is ensuring that you hodl good coins mostly. Hodling shitcoins will get you nowhere. I have a few shitcoins, and I can tell you they've almost become dust in my wallet, hardly can they become of any worth again.
I really agree with what you have written, basically if crypto ups and downs of a token price all depends on supply and demand. if many people are interested in buying it, the price of the token will slowly increase in accordance with the movement and vice versa.
it would be better if we just as a hodling and just waiting for the price to go up would be useless and wait a long time, for that if we also have other capital we should also buy back the token in the market when the price is under ico, it will also will be able to benefit ourselves.
it would be better if we just as a hodling and just waiting for the price to go up would be useless and wait a long time, for that if we also have other capital we should also buy back the token in the market when the price is under ico, it will also will be able to benefit ourselves.
Good advise, I never heard anyone saying this before. They all shout hodl hodl hodl. I have learned well from your write-up. Thank you very much.
It is very difficult to think otherwise that HODLing has some merits when you have been in a bear market for 8 months, much of the asset value would have been depleted,in anycase, hodling is long term and has some merits
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 can be desperate to a lot of people that want profits, especially with cryptos, one day you can have a 100 or even 200 percent profit just to loose it in a week or even less, I would opt for daily trading, even if I earn 1 percent of profit on a day it is good for me, and more reliable.. 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.
Hold can make profit, but only for very long term. If there are money and time can invest and xoлд. If you want it is necessary to earn only to trade in the nearest future.
Well, his own opinion versus the hodler's opinion. For one you cannot force people what to do with their investments much less meddle with their investment strategies. Many are hodling and that is how they do it. Don't shove your strategies to their throats hence you give them vital information like how to use their investments well. That can help and not just telling them not to hold.
holding gives you an opportunity to earn high profit, and the demand that you are talking about will come when the project itself has a latest updates or plan that will make the price increase due to its demand.
Perhaps I should agree with this, because now the Hold has led me to sell tokens and coins for very cheap prices, but I will not do it, for many reasons, you understand? It was supposed to bring me money, but it did not, but the crypto-currencies died, everything is ahead.
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