HODLing will get you nowhere - page 3.

shulc7

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Activity: 518

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Quote from: Black sweet on November 17, 2018, 02:31:08 PM

I am forced to absolutely disagree with this statement. After all, from my own experience, I can say that the main part of my income was due to the correct strategy of holding reliable coins with good potential. And now I do not regret choosing such a strategy.

I agree. If you choose reliable coins for a long holding you can get a very good profit. This way brings me the opportunity to earn well.

zerocashdev

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Activity: 392

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You are right that long-term investment will not lead anywhere because the cryptocurrency market is not a stock market in which every year the top companies grow and show profits, this is the case if you need to make quick decisions Roll Eyes

thenameisjay

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Quote from: dumplingsandsushi on May 04, 2018, 10:56:56 AM

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.

I agree. Holding isn't everything and it won't get you anywhere if you keep doing it without strategy. You should be able to sell at least some of your holdings to make money and then go buy some alt coins that seem to be increasing in price. Make the most of every penny you get from tokens.

otundebis

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Activity: 630

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Holding Bitcoin long term is the best strategy you should have in place regardless of market condition. Bitcoin do perform very on long term hold basis and this has been proven time and again.

martabaktelor

member

Activity: 574

Merit: 10

Holding coins does make some of them a good strategy to avoid losses. However, it is not always good to use a hold strategy because not all coins will grow. Daily trading will make you quickly make a profit. By doing transactions every day and this is done by many people, of course, the market will continue to move.

akirasendo17

sr. member

Activity: 1106

Merit: 310

Holding coins are for people who never drinks to much coffee, this are for cold blooded and has ice on their veins,
if you have a weak mental and can panic a lot, when seeing reds you are not one of them
this are people who are built to see red on the graphs, and can withstand anything even fifty percent lost they don't panic
or feel anything that's why they are the one who gets the last laugh

hell_slayer

full member

Activity: 728

Merit: 139

HODLing of shitcoins will get you nowhere , it's true . But what can you tell about bitcoin hodlers since 2009 , or ethereum since 2015 , or many others ? I think hodling must be smart in order to give you profits in the future . I mean it's really stupid to expect a fantastic growth from (for example) beercoin or kittencoin . Do not compare shitcoins with normal projects, it's a different things .

Orenonex

member

Activity: 154

Merit: 10

If you sell everything at the current price, then the author is right. And if you don't hurry and wait for the price increase, all assets can rise in price significantly.

Quas09

member

Activity: 208

Merit: 10

Quote from: dumplingsandsushi on May 04, 2018, 10:56:56 AM

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.

Hmmm, i will say that HODLing is the best way here in cryptocurrency, and have patience to your investment. That is the key is crypto world if you don't have any patience you will not get a huge profit and i assure to you that you will panic and you will sell your coin immediately. So my suggestion is to HODL.

blueteam09

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Activity: 664

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📱 CARTESI 📱 INFRASTRUCTURE FOR SCA

People always say that holding is the best option when the bear market appears. But I still think this is stupid advice, a bear market is going on, and it wants to continue this until the end of the year. I believe you remove holdings from your thoughts and try to minimise losses.

maxim000

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Activity: 304

Merit: 100

It is not always a case. If you are not so good with charts and technical analysis. You can pick some 2-3 high volume coins with a potential backing project and then hodl for 2-3 years. I believe you ll land up with a decent profit surely more than the traditional investment assets. All you need is a deep research to find some good volume potential coins that won't lose value in long term.

vike

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Activity: 411

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Powered by Artificial Intelligence & Human Experts

I agree that investing for a long time in such a market makes no sense because it uses only supply and demand, therefore very fast actions are needed in such a market, for example, trading Grin

futurefuturecoins

jr. member

Activity: 112

Merit: 1

I suppose that in the short term for a period from one month to six months, the tokens of many projects will not bring profit, perhaps they will lose in price. But if you invest for a long time, for example, 2-4 years, there is a very high probability that the value of your money will eventually be dozens or even hundreds of times more than today's price.

gowobonyok

jr. member

Activity: 490

Merit: 2

You are talking about the situation now, yes, for now there is still nothing. but in the future we also won't know crypto will rise or not. if it rises, then the current hodling will be valuable in the future.

xvids

sr. member

Activity: 1176

Merit: 301

Well it depends on the crypto that you would hold,
There are some who gains good profit because of holding and there are others who loss to much because of it.
It only depends on the crypto that you would hold.

PlusOne88

member

Activity: 420

Merit: 10

“Tackling Climate Change Using Blockchain”

I would agree on the authors comments. It is true that it won't get us nowhere if we will all be holding coins and doing nothing for it. If all of the investors holds it for the purpose of waiting for the right time to moon, certainly if this idea is absolutely true to all, then many will be murmuring loses since those who have been holding at the bottom will sell their coins and gain from those who have made the price of coins look good or higher. This is the reason why there is a lot of dumping when people understands that this is happening in the market right now due to less actual usage of the coin.

Jpt

jr. member

Activity: 374

Merit: 1

Holding will get you nowhere until you hold bad coins. But it will give you much benefit if you hold good and promising coins. But holding coins has two sides--good and bad. For example, take bitcoin, it reached around $20000 one year ago, and see its prices at approximately $ 6500 at present, and its price was around $100 some five years ago. If you held when its prices were $20000, you would lose. If you sold when its prices were around $100, you would lose again.

Huruharacorp

member

Activity: 392

Merit: 12

Quote from: shooleh on November 19, 2018, 03:50:42 AM

The hold is a very good method to avoid losses, but it doesn't take you anywhere. And I only trade every day, so I won't panic when prices start to fall. Before the price fell I decided to sell and buy coins when the price was very low.

of course with the way you do, will accelerate the profits obtained, provided that we do not let our guard down in the supervision of market monitoring. because it will make the assets we have down in price to the market moving down

matico

full member

Activity: 504

Merit: 100

The Standard Protocol - Solving Inflation

Holding is turning out to look like a less effective stratergy in cryptocurrency and the more I hold the more have been losing. However, I am not discourage or dismay as I know what happen in cryptocurrency market is temporary situation.

#Bentley

member

Activity: 490

Merit: 10

HODLing can lead to what all of you will lose or you will have a good profit. It is very difficult to tell as will be in the nearest future. So far I prefer to invest in successful projects, such as Etheera which works even at the falling market.

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