HODLing will get you nowhere - page 35.

afterdark

full member

Activity: 395

Merit: 100

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.

You do not understand one simple thing. There must be demand. If there is no demand, then no matter how you try, you will not sell at a good price. Demand appears if the project succeeds. HODL is a great strategy, as for me.

criptoman83

member

Activity: 336

Merit: 15

“Revolutionising Marketing and Loyalty”

Sometimes a strategy to hold can bring very steep dividends. But it should really be very well versed in the market and the prospects of startups. And not to buy everything, hoping for a miracle.

youngmobi

newbie

Activity: 112

Merit: 0

That's not true only if you just go on investing in fake ICO that's when it's just a waist invest for you there are a lot of shitcoins in crypto thats why before you invest you need to make a research well before taking your next step.

Bet9ja111

newbie

Activity: 154

Merit: 0

Holding will get someone nowhere I really did agree with that absolutely there are some coin in the crypto world that gets massively good with time also there some that get worse with time but surely holding is a good attitude but first you have to know what you are holding

HuyOcCho1999

newbie

Activity: 176

Merit: 0

That's the correct thing but I do not think so simple. Are the projects you refer to are Scam projects? Waiting for the market trend is going down, whether it keep stable the price or a little less not a good thing or not. I rarely participate in ico, but once I join, it must be a good foundation and a good idea. Now I am currently involved in EON protocol. If it's the right roadmap plus the good idea then it could be potentially in the future, of course the market is up or down but not pessimistic.

arthurgrand

jr. member

Activity: 182

Merit: 1

With the present market volatility it's really risky to hodl any token especially on the short or medium term basis. If you plan hodling on the short term then you have to hodl smartly.

last7minutes

full member

Activity: 518

Merit: 100

Quote from: abramovger on July 19, 2018, 04:23:05 AM

I do not agree to this completely. But there are some concerns like it has to be in circulation as a payment medium.

Sometimes, it is really better to hold the cryptocurrency. If the market is bleeding, there is no reason to trade - you will lose everything. Become a hodler during this period. Meanwhile, a trader must show his activity.

Joyeeta

jr. member

Activity: 146

Merit: 3

I think you are wrong, Holding you give you the best profit. Because if you do day trading, you might lose chunk of money but long term holder only benefit and make money as long as you put money on right coin.

Anzal RK

member

Activity: 420

Merit: 10

HODL get nowhere Huh

Are you sure guys, im not a gree with that.
HODL is good if we now the time of cryptocurrency market.
sometimes yess, is looking we just have but no action, but when price so down why we need to sell it or trade it.
HODL is a trick or strategi is same like trading, that's all a strategy marketing of crypto.

Angi

full member

Activity: 560

Merit: 100

damn! you're right some of this people believe on holding some tokens and continue to talking on their telegram channels instead of spreading the project name to everyone that they gain more investors to increase the value of their tokens.

CopMom

member

Activity: 336

Merit: 10

Holding depending on the cryptos you invest. If this time you hold altcoins or ICO Token then surely you will not be profitable. But if you invest and hold BTC, ETH for a long time, surely after the exchange rate decline, the market will recover, you will profit, probably high or low.

Asawakobana2017

member

Activity: 322

Merit: 20

Quote from: Trollinator on July 23, 2018, 06:54:35 PM

I actually believe the opposite is true, trading will get u nowhere. I know a few people who got into the Ethereum Pre-sale; all millionaires now. And I know as many traders, all still struggling now. Pretty simple logic.

Hodling cannot get us to nowhere in fact many people gain in crypto by that simple ways of earnings. We are really unstable if we look at the price and I believe tgat holding is the best of all strategy on crypto feild. But i believe it is all depend on the patience of every individual I also see that there are many people loss in crypto because they are lack of patience.

jacafbiz

hero member

Activity: 2114

Merit: 530

PredX - AI-Powered Prediction Market

I think some people feel like life is a straight road, Bitcoin went from $100 to $20k alot of people talk about this but what some people forget is that if has many rise and fall. Hold is good especially in a strong projects, you need to trade something off, the current gain or the future huge profit

Trollinator

member

Activity: 238

Merit: 15

I actually believe the opposite is true, trading will get u nowhere. I know a few people who got into the Ethereum Pre-sale; all millionaires now. And I know as many traders, all still struggling now. Pretty simple logic.

Bloerty

newbie

Activity: 42

Merit: 0

On a few coins it appears to be along these lines, in light of the fact that nobody is intrigued to get it. In any case, holding the coin is one approach to constrain supply to the market. Also, in the event that you comprehend the law of accord then everything bodes well.

ashao1015

sr. member

Activity: 529

Merit: 251

The Future Of Work

Holding good projects, unlike other strategies, have less risks. This is the main reason to use this trading strategy. Considering the crypto volatility, day-trading may be dangerous, and hodling will give much more chances to profit in a long term. It's not 100% of success but higher chances.

Rahees

member

Activity: 238

Merit: 10

Hodling could not get us nowhere totally in case of its description. Hodling is the most reliable way of earnin and I don't believe that it is a wrong way.

granchio

full member

Activity: 336

Merit: 100

If you always listen to the other people and always make investments by just following the decisions of the other traders, I strongly believe that you can get almost nothing in the end of an investmen.

Temibest2

newbie

Activity: 133

Merit: 0

Nice talk @op. I have hodl many tokens since the last three months now and instead they keep dipping beyond imagination. I regret hodling those tokens.

Specctrall

newbie

Activity: 224

Merit: 0

long-term investments can yield good returns. if you have invested at cheap prices.

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