Topic: How to HODL correct ? (Read 271 times)
Erc20 token,is worth it to #hodl because for me,erc20 will pump thier value soon,let's promote erc20 token like #moneytoken is the future cryptocurrency.lets example the ethereum and litecoin,3years ago the value of those coins are cents but now already acceptable in many exchanges and merchants...the erc20 will become valuable if we can #hodl:)or buy n sell..
It completely depends on the person. Some just simply hold pretty much forever, even though rises and crashes happen, and some just hold until a huge breakout comes, and then they sell and re-buy on a better position. Just try things out and stick to what works best for you.
Seems like holding is a matter of trust, am I right? 
Is there an unwritten rule of hodling ? Any increase % that you aim for ? 100-200% increace in price ? Or its just how you feel about it.
Literally most people hold not because to wait for percentage of the increase but depends on how the market will impact them especially when there's a price rally, so basically yes, emotions and feeling are part of it.
Most altcoins are pump and go then that cycle will not repeat again so hodling it for long term is sometimes not a good idea. So for this, even how high the percentage of increase, if people's emotions saying that it's time to let go , then released it no matter what.
For those who wants to do an altcoin hodling for long term, they need to have the guts to do it especially if their target is 100 to 200% or more increase plus the duration is really long period of time.
#why only altcoin? Because bitcoin is technically proven that fits for long term hodling.
When you buy coins, you must immediately decide how much interest you want to earn, and then sell them. The best way.
Is there an unwritten rule of hodling ? Any increase % that you aim for ? 100-200% increace in price ? Or its just how you feel about it.
Yes, there is. It's unwritten because it maintains some mystique about the concept. If the rule of hodling were written, they'd be written something like this...
(1) Buy some bloody bitcoin (not injured bitcoin, but in the English adverbial sense of entire, complete, pure, naked)
(2) Now...this is the tough part...let that bitcoin sit in your wallet
(3) It's OK to peek at the balnace, but whatever you do...don't SELL it....don't EXCHANGE it!
(4) The longer you let that bitcoin sit in its wallet, the greater you are enacting "the hodl" and trust me when I say that the journey is enlightening!
Step 1: Buy Coin or Token that you like and think has promise
Step 2: HODL
Step 3: ?
Step 4: Profit
Step 2: HODL
Step 3: ?
Step 4: Profit
As clearly stated above, there is no "one fits all" HODL-rule. If you’re up 100%, then maybe you should consider withdrawing a certain amount, to make that amount “safe from potential losses”. Sure, you might lose out on further gains on the withdrawn amount, but hedging your risks comes at a price. If you wait too long or try to get out at a higher point, you risk losing profit you already earned or even turning that profit into a loss. Get into the habit of taking profits and scouting for re-entry if you want to continue reaping potential profits.
P.S. We know that many of you will think the above is advice for a "chicken".
Please check out our exchange site here: https://www.cryptowisser.com/exchanges/
P.S. We know that many of you will think the above is advice for a "chicken".
Please check out our exchange site here: https://www.cryptowisser.com/exchanges/
What do you want? You have enough money and you can not use the money. Add money to the crypt-currency. And forget about 2-1 years. Then you see%. If you look at%, then say, sell profit. You will never be able to sell 50% profit 100%.
There is no rule in Holding. You just have to make up your mind that you are not going to sell your coins for a particular set time or until the coin gets to a particular price. And you try your best to take your mind of that coin.
Mind you, it's not every coin that's worth holding.
Mind you, it's not every coin that's worth holding.
To hold the most effective you can apply Value Averaging rules. Value Averaging is an alternative investment strategy that investors have been using in the stock market for years. It tends to work better for investments that are highly volatile in the short term, so it could be a good fit for cryptocurrencies. The idea behind VA is to:
- Buy more coins when they are cheap (at good value).
- Buy fewer coins when they are expensive (at worse value).
- Sell some coins when they are really expensive (at terrible value).
- Buy more coins when they are cheap (at good value).
- Buy fewer coins when they are expensive (at worse value).
- Sell some coins when they are really expensive (at terrible value).
Is there an unwritten rule of hodling ? Any increase % that you aim for ? 100-200% increace in price ? Or its just how you feel about it.
It is not set in stone, but first - regardless of your risk profile and/or appetite - you want to make sure that you hold your tokens in wallets of which you control the private keys. This means to keep your tokens off the exchanges and preferably use hardware wallets. In terms of price increases, it depends on your risk profile (appetite), but it is not a bad idea to always make sure that you get your initial purchase back soonest and to always make sure that you hold at least some tokens for potential medium to long-term growth. A lot depends on the project as well. You should make a list of the reasons why you got involved in a project. If those reasons changed for the negative, it should give you a pretty good idea of what percentage you should hodl and what you should sell. You might also want to have a look at technical analysis or subscribe to a service that tells you when to get in and when to sell. At the end of the day there is a lot to consider, but getting involved in quality projects and not beyond your financial means are normally the safest bets. It is then when one usually feels more comfortable hodling.
I set a goal for my self when I buy a coin, when I make this amount I will sell. And I try to stick to my goals. This makes me hold more easy through lows
For me it served as a rally cry and reminder not to let market volatility and price action pressure me into selling at a loss. If you buy at $8000 and tomorrow BTC drops to $6000..,you still have not lost anything, if you HODL and let the value come back.
HODL can be safely used until the moment when market capitalization does not approach $ 10 trillion. When the market crosses this mark, you need to think about and probably change the investment strategy or go to trade
Some people use the 50/20 rule. When the price increases 50% from what they bought it, they sell 20% of what they own.
If/when the price increases another 50% from the price when they sold some, sell a further 20%.
This means you never cash out too quickly but you at least take some profits (which you will be thankful of when an inevitable correction comes)
Personally I just hide under my bed and try not to check crypto prices every 5 minutes because I know in a years time prices will be so much higher than today
If/when the price increases another 50% from the price when they sold some, sell a further 20%.
This means you never cash out too quickly but you at least take some profits (which you will be thankful of when an inevitable correction comes)
Personally I just hide under my bed and try not to check crypto prices every 5 minutes because I know in a years time prices will be so much higher than today
I am holding for the long term and there is no expectation of percentage because I am a great fan of fundamental analysis and as per the analysis I am expecting exponential growth in the user based and indirectly in the price. So holding is not a bad decision from an investment point of view. However, we must understand that Bitcoin is a payment system in its Core and we should give first preference to using it as a payment system. Bitcoin is holding some value today just because the early adopters decided to spend their Bitcoins instead of folding and now it is our responsibility to do the same. Thus I try to spend 50% of the funds and hold and reinvest rest of the funds.
It's always depends on the movement of the price you must wait for huge drop before you buy and hold it for a long time if the price increase almost 50% to 100% you can sell it to save the profit but don't sell them all just half or 30% of your holdings that you should sell and hold the remaining because there are times that the price can continuously increase more.
And mostly the price of the coins increase around November and December.
And mostly the price of the coins increase around November and December.
This is for everyone different, but I have the following "rule": whenever the coin increases more than 50%, I cash in a part to have my investment back + a little extra. The rest I just hold and wait for another increase.
Are you hoDLing both accounts from the picture below?
The DTs will not be happy and you gonna get red tagged.
Just for info...
https://i.imgur.com/MLoRcTd.png
https://i.imgur.com/MLoRcTd.png
I am very impressed, how can you observe such small things? Like Copy Paste or Merit abuse and even multiple accounts. How is the trick? Maybe I can contribute to reporting people who violate the rules. The DTs will not be happy and you gonna get red tagged.
Just for info...
https://i.imgur.com/MLoRcTd.png
https://i.imgur.com/MLoRcTd.png
Are you hoDLing both accounts from the picture below?
The DTs will not be happy and you gonna get red tagged.
Just for info...
https://i.imgur.com/MLoRcTd.png
The DTs will not be happy and you gonna get red tagged.
Just for info...
https://i.imgur.com/MLoRcTd.png
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