Topic: HODLing will get you nowhere - page 38. (Read 6255 times)
I don't like to do day trading , I like hold most . for me this is the main income
It's hard for the price to rise, but it's easy to fall. If everyone is dumping , the price would be dump to near zero and no one will be brave enough to buy and pump the price up again. That's why people should at least take turns to dump and give the market time to recover.
I was also a HODLer and had many painful days/months. I got really frustrated and didn't know what to do. Now I am learning day trading and it has helped me in increasing my portfolio as well as venting out my frustration 
Of course I needed some help to learn day trading and learnt a lot from Voodoo Crypto community: https://discord.gg/yBmNzRm
Of course I needed some help to learn day trading and learnt a lot from Voodoo Crypto community: https://discord.gg/yBmNzRm 
Not really sometimes you don't have to do anything other than to wait because drastic actions may sometimes makes the matter worst than the current situation. For me dealing with cryptocurrency involves a good portion of luck and you may want to play it safe by just holding specially if you loss a portion of the value you invested into.
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.
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.
very well said. i adviced people to sell their coins/tokens, but do so by placing sell orders at good price and wait for someone to pickup your order. also, you can place buy orders at lower price just in case some people panic sold their coins.
What you have just insinuated is really a half truth to me. Everyone cannot hold and don't think everyone can sell as well. It is never possible for all to hold neither sell. It all depends on personal preferences. As for me, holding is the best option. Also note that a good coin always reach out for promotions and through that, they bring more buyers into the framework. That alone can lift prices as well.
Cryptocurrencies are not magic, but when people adopt it and start to use it more then now you will see how much will price rise. Investing in bitcoin in 2010 was like investing in cars back in 1910. Look how Bill Gates made his fortune, many great things had big impact on people in last centuries, but when something is becoming a global thing worth is rising.
Hodling will get you nowhere is stupid, so stupid that I cant explain. Take a look at anyone who bought in 2010, on how much that person bought, now take a look that person now and how much his investment worth now in this moment and tell me that hodling will get you nowhere.
I agree. The statement made by op is clearly one of the silliest statements that I have observed in recent times. HODLING has helped me earn steady profits from a long period of time which is why I always prefer it over short term trading although selling at the top is also equally important since this guarantees great profits. I usually tend to sell my coins and tokens at great prices and HODL when their values are low. Hodling will get you nowhere is stupid, so stupid that I cant explain. Take a look at anyone who bought in 2010, on how much that person bought, now take a look that person now and how much his investment worth now in this moment and tell me that hodling will get you nowhere.
There are a lot of examples of how people have become millionaires at the expense of hold ... so I don't think you're right.
people say correctly, hold in some situations is the best solution
Long-term holdings are still the most profitable way. Because all projects rely on long-term development to allow value to continue to grow, rather than short-term speculation. So you have to follow the project for long-term support.
I do not support your point of view, hold for many coins the only correct solution and this can make a lot of money
Holding is a good thing to do when it come to cryptocurrency matter because it is sure that there will be a day that the coin that hold will be needed and their will be nobody to sell so it therefore cause the increase in price of the particular and this can only be if the coin invested on has future.
The two most important things to hold are how to choose and hold for a long time. If the currency you choose is a quality project, then even if it is currently low, there is still a chance to take off again. But this holding process is a test of your confidence, many people will give up.
holding will not get you nowhere. 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.
Holding is always as an opportunity wherever you go because it helps the stability of the individual to get along in life situations. Yet in needs time to get profit but at least their are reason to survive for the next long days to come along.
Cryptocurrencies are not magic, but when people adopt it and start to use it more then now you will see how much will price rise. Investing in bitcoin in 2010 was like investing in cars back in 1910. Look how Bill Gates made his fortune, many great things had big impact on people in last centuries, but when something is becoming a global thing worth is rising.
Hodling will get you nowhere is stupid, so stupid that I cant explain. Take a look at anyone who bought in 2010, on how much that person bought, now take a look that person now and how much his investment worth now in this moment and tell me that hodling will get you nowhere.
Hodling will get you nowhere is stupid, so stupid that I cant explain. Take a look at anyone who bought in 2010, on how much that person bought, now take a look that person now and how much his investment worth now in this moment and tell me that hodling will get you nowhere.
Trading decisions are very difficult. I'm afraid that will transfer part of its assets to a new coin and it will depreciate. I no longer stick to options, either I sell all the coins, which I think is not viable, or hold all the good coins.
To some extent, you are right.I suppose I also start talking about hodling when the coins after the ICO are very small.I'm sorry to sell them.So I will leave them and wait for better times.
I know not all members in here really cares in the future, as they only think of what they might get for today that's why only few members can manage to hold. It is in the realization that, holder's and risk takers will be paid from their sacrifice and willingness to risk their money in crypto.
Holding will get you nowhere with only shitcoins! Investors how hodl bitcoin during its inception are all millionaires today, and I know there are coins that have better usecase than bitcoin. So hodling such coins will certainly yield good profit overtime. It may only take time.
Hodling is a good strategy when you bought at ATH and just do not wanna sell your coins with loss. But in others situations, yes, better and more profitable will be trading and increase your holdings step by step. But not everyone can trade properly and grow his portfolio.
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