Is Buy and Hold Really the Best Strategy in Crypto? - page 6.

panganib999

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Quote from: Harlot on August 26, 2020, 08:21:53 AM

When it comes to the crypto market I personally don't think there is a best strategy out there as it will always depend on the trader doing it and if he has the time to do this. Yeah buy and hold in your results might look like the worst thing to do and there will be no analysis involve but some people here don't have the time to have their own trading style that's why they are doing it due to lack of time and knowledge with TA. Hodlers still have a chance to maximize their profits by just waiting for the right time to buy rather than just buying right away (I'm referring to DCA).

I agree. There is no really best nor perfect strategy to be stated for the market behaviour is undeniably unpredictable so strategies of the trader differ depending upon the situation based on the analysis he would have upon looking the price chart and think of the best way possible on how he could turn things out on his side. Also, strategies are commonly being done by the trader himself so basically there are lots of strategies that are possible to make use so there is no proper declaration or claiming of which is the best strategy to begin with. All are dependent on the trader himself on how he would act upon the situation on doing strategy if he have so much time to deal with it. Buy and hold strategy is one of the most commonly used by traders who is quick by chance do not have that much time to think of another way to do his trades.

palle11

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Quote from: GreatArkansas on August 26, 2020, 08:24:49 AM

If you also planning to sell what you bought before, it's still trading but it's just really takes too much time, compared to day trading which for me there is much more risk compared to buying and holding it for a long time.

The difference is that cryptocurrency market can be difficult to know how it is handled or operate. The factors that operate the market is not very clear for everybody. This is why some can be scared to do daily trading with it to avoid what they think is the greater risk, losing in trade. But you can lose while hodling your coin

wxa7115

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Quote from: Fivestar4everMVP on September 16, 2020, 02:13:17 PM

For me, it's a buy and hold any time, any day.
I've been into crypto trading before and what I can tell you is that sometime, one still end up buying and holding in other to avert huge losses, there are crypto coins which I used to trade back then which I can't afford to trade anymore cus their prices have skyrocketed, if I had bought them and keep, I would be very rich now, I've learnt from my past mistakes

It is precisely because of what you are saying that it is important to define as quickly as possible what kind of strategy we are going to follow, if we are going to become traders then that is fine but then we need to learn as much as we can about it and then use those techniques to increase our capital day to day.

However if we have chosen to use the classic buy and hold strategy then we need to select good coins that are undervalued and then keep holding those coins no matter what, it is not easy especially if you happen to have the bad luck to invest and then we have a bear market but if you are completely sure in your coin selection it should not take you long for you to eventually recover your money.

Maroons

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Quote from: Reatim on September 17, 2020, 09:57:36 AM

Always depend on you capacity and also your plans.

This should really be the answer to the OP's question, buying and holding can be much easier but for someone who already know lots of things in trading can see day trading and buy and hold strategy as likely the same but just what you have said always depend on your capability and also the dedication and effort you are going to put in your trading.

Reatim

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Always depend on you capacity and also your plans.

Crypto investing has so many grounds to evaluate before finally putting your money.

- Holding - This is for those who has Budget that can be spent or can be risk,as the amount is a spare money or just an extra.

- Day Trading- This is for those who have knowledge and strong dedication to risk in short time the money inside crypto.

Fivestar4everMVP

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For me, it's a buy and hold any time, any day.
I've been into crypto trading before and what I can tell you is that sometime, one still end up buying and holding in other to avert huge losses, there are crypto coins which I used to trade back then which I can't afford to trade anymore cus their prices have skyrocketed, if I had bought them and keep, I would be very rich now, I've learnt from my past mistakes

Inkdatar

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This is what others thinking if buying and holding is the best strategy in crypto. When you invest in crypto of buying and hold it can reduce risks rather than day to day trading. We have our own strategy on how to earn when trading crypto. In my own opinion, the best strategy you can do is buying on a low price and selling on a pump stage. Though for holding long term it can reduce transactions cost which is also a good option.

wxa7115

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Quote from: pokeronlinestatus on September 12, 2020, 01:16:01 PM

It’s not like it’s the best strategy, but it is more recommendable to those who are still new to trading cryptocurrency, since day-trading is difficult for a starter to understand. So, for a starter? Hodl is definitely the best strategy for them to go with, they would just invest their money and they wouldn’t have stress about doing any other thing, all they will have to do is just have patience and that’s it.

If you’re going to tell people to go for day-trading when they have no clue as to how they are going to do technical analysis and all those works to predict what action to take, it’s not going to work out for them and they will keep on losing, and from my experience, those of them that tries trade without understanding are just gambling with choices.

Exactly, buy and hold can be good enough for two kind of people, those that are new to the market and have yet to get used to the volatility of this market and that are still in a process to learn how to deal with it, the other is the investor that has a significant amount of money to invest and does not have the time to look at the charts every single day, which is ironic because this strategy can be the best for the most inexperienced and the most experienced at the same time.

But once you learn more about this market and how it moves you have the chance to try to trade the markets and make money with them however this requires really advanced knowledge and it is not recommend for those that do not have control over their emotions or do not have money management skills.

AjithBtc

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For users who have good earning to meet their daily needs, and looking for a long term investment or a pension fund can prefer buying and holding. For common users who look for an earning out of cryptocurrencies to make living better should prioritise earning through it. It can be of trading, selling services and skills, and on different possible ways.

I suggest to go for regular trading at some time interval. Along with it try to spend specific amount regularly on buying different cryptocurrencies. This is far better than just buying and holding long.

pixie85

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There are different groups of people here and each will paint you a different image.

Successful traders will tell you that they did all of it because of their skill and if you think holding is better than trading you're just bad at trading. Tone Vays likes to say similar things.
Unsuccessful traders will tell you trading sucks and you cannot predict moves well enough to come on top. Market is manipulated so you can win or lose even if you are great at TA.
Successful holders will tell you to hold because they made so much money holding that trading is unnecessary risk.

It's your choice what you decide to do.

lixer

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I think HODL is position trading, you’re holding a position for a long time to make profit and then you sell your position. They are all trading, but in different types. When they say 95% of traders, they don’t only mean day traders, they are referring to every trader, even those who Hodl can lose money.

Take a look back at the 2017 bull run, there were people who got profit from HODL’ing their BTC or any other coin that increased in price, and there are also those who lost their money as the market started to plummet. That’s just how it is, they are all different types of trading and anyone can lose, while some are making profit.

pokeronlinestatus

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It’s not like it’s the best strategy, but it is more recommendable to those who are still new to trading cryptocurrency, since day-trading is difficult for a starter to understand. So, for a starter? Hodl is definitely the best strategy for them to go with, they would just invest their money and they wouldn’t have stress about doing any other thing, all they will have to do is just have patience and that’s it.

If you’re going to tell people to go for day-trading when they have no clue as to how they are going to do technical analysis and all those works to predict what action to take, it’s not going to work out for them and they will keep on losing, and from my experience, those of them that tries trade without understanding are just gambling with choices.

Rana590

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Quote from: Shimmiry on September 12, 2020, 06:58:42 AM

Different cryptocurrency that you had chosen to trade means you might have different strategy to use. It's good to hodl cryptocurrencies that has a great future ahead, an asset where you think lots of people will adopt. On the otherside, it's not good to buy and hodl coins that doesn't have any purpose.

Yes, here is the point about potential coin. There are a lot of coins in crypto market and all are not potential. Some coins will be dead and it is really foolish strategy to hold dead coin for future.

Shimmiry

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Different cryptocurrency that you had chosen to trade means you might have different strategy to use. It's good to hodl cryptocurrencies that has a great future ahead, an asset where you think lots of people will adopt. On the otherside, it's not good to buy and hodl coins that doesn't have any purpose.

Krabby

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In fact, hold and trade are two different schools and it depends on the personality of the person. like me, I tried trading for 8 months and only failed continuously and I burned about 5 accounts. After that I got discouraged and switched to being a holder and now I've got my money back that I was losing money, and I'm not under the pressure and do more. When trading, we will be very pressured and it seems our mind is only focused on trading all day, it does not suit me. In general, the holder or trader is good, but the player must understand who he is in order to come up with the best strategies.

Dorodha

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Only Buy and Hold is not main Strategy in Crypto i think involved a lot of think market analysis, fundamental analysis, technical analysis, fund management thinking and also need to be follow the current market situation and follow the current trend, crypto is easy for few moment but analysis is hard find out to accurate result.

coin-investor

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Not really the best strategy, but if you have a strong belief in the coin that you are holding and you do not have time to check the market it will work for you, but you are going to miss profits from the market volatility, there's always profit to make in a highly volatile market but it takes time, effort and patience to do that,

Bitlover10

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It's also depend on the project that what are you holding it and what price. For long term holding I can't trust shit coin. Top 10 or top 50 crypto could be hold for long term but before going for long term you have to have wait for dip. For me usually when market is in dump condition you can take entry and and sold at high. Sometimes holding one months give you a good return and turn your capital 2x. So in this condition you can booked your profit and find other opportunity.

Calvinpiva

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Yes, buy and hold is AMONG the best trading strategies because you'll exactly how much in % you are going to earn if bullish starts. I said buying and hold is among the best because it's still risky than other trading methods. There is peer to peer which has 10% compared to buy and hold when you chose the wrong coin to hold. Also, arbitrage has less risk if you will find the right exchange to trade.

Casdinyard

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Quote from: deandree on August 26, 2020, 06:58:50 AM

Some people say that Buy and Hold is the best strategy and can't be beaten. They hear phrases like “95% of traders lose money” and automatically assume that all trading is bad and markets can not be outperformed.

Lol Buy and Hold strategies are only used by Long-Term traders whom doesn't bother themselves in reading the candles and charts of a a certain stock/currency/crypto. Yes, daily traders loses their money because of a failed prediction and reading, but trust me, it is normal. Every trader knows that there are always risk of losing, even trading is just a mere gambling where you test your intellect and luck which most of the time is just losing. And it is a part, a risk management, and not a huge deal to traders.

Therefore, Buy and Hold often effective if and only if an investor trusts a starting or innovating project/company, which somehow is also a 50:50 chance whether such holdings would rise as expected or would be dumped.

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