That's their problem if they will let themselves shilled by someone into an altcoin that no one really trades.
@OP at least you can still buy honda.
Topic: I think Hodl is most overrated term used in crpyto - page 5. (Read 1821 times)
Hodl is okay as supporter, for example if you support microsoft you hodl their stocks, and same in crypto.
It is reasonable to think like that because I was caught in the same trap in my beginnings, when I was holding some crazy stuff thinking that it would gain the price and I was so convinced about that.
Hold and sell both are complicated words in cryptocurrency terminology because its quite confusing when we need to sell and when hold, many peoples hold coins when their price is up and then they not sell and other peoples start selling coins when market is down because they get panic for loss, from few months we are seeing everyone is using words hold coins but we need to understand when sell a coin and when hold because this is the matter of time.
this only becomes a problem when people start taking financial advice from random people online which they neither see nor know. and then most of the times people only read half the speculations and understand even less of it.
so they end up bag holding shitcoins thinking they have made a valuable investment and will become millionaires in a short time
so they end up bag holding shitcoins thinking they have made a valuable investment and will become millionaires in a short time
I just don't understand how this can be overrated. It's a good strategy when you think about it...
Yeah, you might say that it's better to sell when Bitcoin has reached a temporary peak, but it's because of hodlers that we didn't go back down again to sub $5000 levels.
I'd even go as far as saying the hodl is one of the most iconic terms in the crypto community.
It's history that has been made on this very forum!
Check out the original HODL thread:
https://bitcointalksearch.org/topic/i-am-hodling-375643
Yeah, you might say that it's better to sell when Bitcoin has reached a temporary peak, but it's because of hodlers that we didn't go back down again to sub $5000 levels.
I'd even go as far as saying the hodl is one of the most iconic terms in the crypto community.
It's history that has been made on this very forum!
Check out the original HODL thread:
https://bitcointalksearch.org/topic/i-am-hodling-375643
I can agree with that and I think that just holding isn't good for Bitcoin.
But many people feel the most secure with just holding because they don't want to take the additional risk by trading and investing although they might enlarge profit that way.
To get the best out of Bitcoin you should combine holding and trading or active use of Bitcoin in some other way.
But many people feel the most secure with just holding because they don't want to take the additional risk by trading and investing although they might enlarge profit that way.
To get the best out of Bitcoin you should combine holding and trading or active use of Bitcoin in some other way.
there must be how many factors why hodl, one of its own prospects why we hodl. mugkin less fortunate so out of hope. for some of our potentially hodl coins. it all depends on your mindset
There is no doubt that it is. What do you expect? It is what every user do and that is an essential within this industry. If no one holds then I think there is no such thing as a bit stable value for bitcoins or even a value reaching a thousand dollars.
I guess there is no other way of saying it and no one can avoid talking about it. It will always be a trend even the prices go up and especially very common when prices decreases.
I guess there is no other way of saying it and no one can avoid talking about it. It will always be a trend even the prices go up and especially very common when prices decreases.
You should never invest anything you can't afford to lose in crypto. It's a volatile market with high risk and high rewards.
But if you're taking out a second mortgage to ride the crypto train then crypto isn't for you. I have fully accepted that the money I invested in crypto could turn to $0 tomorrow but it's a risk I'm willing to take because I can afford to lose it. Because I only invest what I can and not what I want to. If crypto disappears tomorrow I won't be bankrupt. But I'm willing to bet that the people that are panicking are the ones that are relying on crypto to pay bills and rent.
But if you're taking out a second mortgage to ride the crypto train then crypto isn't for you. I have fully accepted that the money I invested in crypto could turn to $0 tomorrow but it's a risk I'm willing to take because I can afford to lose it. Because I only invest what I can and not what I want to. If crypto disappears tomorrow I won't be bankrupt. But I'm willing to bet that the people that are panicking are the ones that are relying on crypto to pay bills and rent.
It’s only a loss if you sell low. Crypto is like shrodingers cat. Only points that matter are what you buy and what you sell for anything in between is like checking to see if that cat is alive or dead. Until you sell it’s the only way to know if you’ve made profit. If you sell low and don’t hodl then that’s your choice.
It was not dangerous, this term is now dangerous because a lot of people choose to hold when the price touched $20000, and now they all are crying just like you. If you bought on $2000 and you are holding since then, would you be crying like now?
HODL is more than just a term,besides it is not a term,but a meme
anyways,HODL is a philosophy -you do not sell and stoically watch as the price plummet to the levels
where you are starting to have squeaky bum time,especially if you bought at 14.000-17.000$
but then you just repeat HODL,smile and life is beautiful again
untill you read the next portion of bad news and the price is breaking another low
anyways,HODL is a philosophy -you do not sell and stoically watch as the price plummet to the levels
where you are starting to have squeaky bum time,especially if you bought at 14.000-17.000$
but then you just repeat HODL,smile and life is beautiful again
untill you read the next portion of bad news and the price is breaking another low
That's why anyone participating in should DYOR first. Take the risks in accordance to your appetite. HODL has made many supporters rich or profits. Losses due to price decrease of coins are coming from many aspects as FUDS , weak hands, poor team performance, coins of no use already, lack of community trust etc.
"Hodl" is word used to much in crypto space but i think hodl can be dangerous for newbies mostly they will be shilled and hodl a shitcoin or hodl a solid coin for too long and wouldn't sell when time was right you will end up like me as there was time when i could buy tesla now i can only buy honda.
holding is not dangerous as long as you study well what coins you want to hold, and also look at hydro it drops at first and it have a long cap pointing downwards it means it increases it value right now. we should always remember that in every investment their is a risk so you should not put what you cant afford to loose.
"Hodl" is word used to much in crypto space but i think hodl can be dangerous for newbies mostly they will be shilled and hodl a shitcoin or hodl a solid coin for too long and wouldn't sell when time was right you will end up like me as there was time when i could buy tesla now i can only buy honda.
holding is not dangerous as long as you study well what coins you want to hold, and also look at hydro it drops at first and it have a long cap pointing downwards it means it increases it value right now. we should always remember that in every investment their is a risk so you should not put what you cant afford to loose. and hodl more accounts you farmed to spend more time on making these useless threads and replies in this board in order to be Jr Member after doing these useless things.
Bruh why so bitter ? i don't post stuff on bittalk , i am silent reader .This is first time i posted a thread . A Man can't speak his mind? HODL is very dangerous especially to those that bought at the top. Thus when the general market goes Red, they fall in loss then Hodl with a hope of the coin going up again but most won't times and if care is not taken, the coin goes down in value more and more.
i know this feeling bruh. i was noob and my biggest mistake was hodling a shitcoin on some shiller of twitter "Hodl" is word used to much in crypto space but i think hodl can be dangerous for newbies mostly they will be shilled and hodl a shitcoin or hodl a solid coin for too long and wouldn't sell when time was right you will end up like me as there was time when i could buy tesla now i can only buy honda.
Hodling depends on the type of coin you want to HODL and it is individual based. One can choose to HODL for a few weeks and others can also choose to hodl for a longer period and I think people are not misusing it as you said.
That's why you should do your research first before buying some coin,so that you don't get a shitcoin later.For bitcoin,hodl is not bad because we expect a long growth,so it's better to hodl instead panic sell,where you lose your money before the price up again.
oh my biggest mistake was i bought a shitcoin without any research and got rekt bad lately. hodl doesn't work for shitcoins and semi shitcoin only for bitcoin and few othe solid coins. Jump to: