Topic: Is HODL is a good policy? (Read 525 times)
Hodl is a great policy that comes with a caveat, Hodling points at those investors who are willing to hold on to their coins for the long haul and this policy cant work for day traders like in stock. Though Just know that the hodl policy, keeps Bitcoin from circulating throughout the society which in turn affects the value.
Considering that Panic sell has never qualified as a pro's strategy, then HODLing may be considered a worthwhile policy.
But then again, the word 'good' is relative. What's good today may not be good in 3 months' time and a terrible choice today may be a life-saver in a matter of weeks.
So, the strategy is always 'A little Panic-sell and then A little HODL'
.... It has always helped.
Cheers!
But then again, the word 'good' is relative. What's good today may not be good in 3 months' time and a terrible choice today may be a life-saver in a matter of weeks.
So, the strategy is always 'A little Panic-sell and then A little HODL'
.... It has always helped. Cheers!
Yeah I also think hodl is another strategy to play, though it might not suite
quite well all the time but it seems to work tremendously well with bitcoins.
I think it depends on the market and the different goals as well as strategies
people have with crypto. We must adjust and formulate new ways to have
better results. To hodl or not that is entirely debatable, a classic case of
personal choice and approach.
quite well all the time but it seems to work tremendously well with bitcoins.
I think it depends on the market and the different goals as well as strategies
people have with crypto. We must adjust and formulate new ways to have
better results. To hodl or not that is entirely debatable, a classic case of
personal choice and approach.
It depends to the project. if you think the project is real and not scam then hodl policy of there coin is good for me
Many people who use crypto as means of making money are all about holding at least certain coins anyways and this is not so healthy for the market because it reduces the capacity for market trading required to keep the dynamic state of a market.
HODL is all about bitcoin and has nothing to do with altcoins. This fact will be a painful lesson for most people.
DUPM can be good strategy for altcoins.
DUPM can be good strategy for altcoins.
Holding or selling decision has its own advantages and values. Each decision depends on the individual whether the individual want to double their investment with the risk or even they prefer to hold due to the secure reason. We can not say one of them is worth and one is worse because the decision made depends on the individual. It is the individual believe.
saying no to HODL like the topic suggest negate the concept of INVESTMENT, hodling coin is a long term investment, just like what we say bitcoin is, a coin wouldnt be an investment if we just acquire and sell them off at will without hodling it. Though in HODLING one may want to watch out for the progress of the coin in the coinmarketcap in order to know if its doing well or not.
i strongly opposed HODLing.
why hold when you can take some profit?
besides, someone has to sell something, if not there won't be circulation of the coin, right?
why hold when you can take some profit?
besides, someone has to sell something, if not there won't be circulation of the coin, right?
Sometimes holding is a useless decision because we know that the market is up and down. Why should we hold if the market is good for selling our coins. It depend on the market coins price, we can say whether holding is good or useless decision. And everyone might has different think and decision to this questions.
In some cases, I believe that Hold is sometimes the best solution. Many adhere to this policy and remain in the winning situation
I don't think so. Sometimes Holding is worse policy.
If you wondering the risk, you have better to hold rather than make other decision. And sometime holding is nothing because it all depends on market.
If you wondering the risk, you have better to hold rather than make other decision. And sometime holding is nothing because it all depends on market.
It's not an investment or a currency, it's freedom.
Never selling that.
Never selling that.
You left me speechless.
True. A man killed himself after he lost 60% when he buys Bitcoin at ATH (after he sold his house, cars, and other properties).
Who knows what will happen if he doesn't care about short-term price at that moment.
Who knows what will happen if he doesn't care about short-term price at that moment.
That man did not did the investment, that was plain greed .
holding is the best option ,if you don't want to break and you want to support the project so that you can earn a lot more profit,if the project become success in the future
Usually, yes but also no. No because it affect the total market capitalization and for a coin to thrive there must be large and constant market exchanges which would be problematic if everyone was to long term hold.
HODLing for me is kinda of dumb. Well, for people who have no idea how to day trade, it is smart. But I would prefer to make a profit, even a small one, from each spike. Its all in the math. Either you make 3% 10 times or you make 30% one time. For those who cann't math, the 3% 10 times adds up. First its 3% then its 3% (from original amount and 3% profit amount) and so on and so on.
34,4% > 30%
But then again, if you don't know how to read the indicators and strategies, you will miss out big time.
34,4% > 30%
But then again, if you don't know how to read the indicators and strategies, you will miss out big time.
Well total capitalizzation will continue to grow, so if you dont mind.. hold; if you trade over the pump is better!
HODL is probably a better idea/policy for stocks, for Bitcoin, I think you need to a little bit more discovery / risk assessment due to the greater amount of volatility.
BTW, depending on how you acquire bitcoin, it is ok to convert to fiat every once in a while. For many, Bitcoin is acquired not through conversion, but through services/pay. For example, web developers or designers. It's not always a good idea to HODL 100%. You can always sell a bit to diversify.
BTW, depending on how you acquire bitcoin, it is ok to convert to fiat every once in a while. For many, Bitcoin is acquired not through conversion, but through services/pay. For example, web developers or designers. It's not always a good idea to HODL 100%. You can always sell a bit to diversify.
I think HODLING is a good decision when you are undecided what to do on your crypto but to make it policy is a different thing. When you say policy, it is something you agreed to do and be mandated according to what is written on the said policy. Crypto investors has the right to decide what to do with their tokens, they are free to buy, hodl and sell whenever they want. HODLING cannot be a good policy, but a privilege of an investor,.... HODLING and waiting for the right moment to come if they want to let go of their cyrpto.
It's depends on the coin exactly. If you believe in their product, their roadmap, their prospect then it's worth for hodling that coin/token. cause we all know before we invest in some coin/token,
we already do our research, not just follow some friends or just see the rating good in the ico rating sites or other terms.
And if you want to hodl some coin, just buy them in some stage.
Example : if you have $1000,and wanna buy coin A 1$@each, dont buy them all. maybe you can put $200 for the first. then let us see the price, if it down you can analyze it again before put your money in that coin again. You must see if it normal or anything happened inside. if it's just a normal scheme, you can buy them again at $0.8
then when that coin down, you still not loss a lot. it's just a point of Hodling scheme.
But remember from the first point. You must have a reason why you choose that coin/token and do your own research.
G luck
we already do our research, not just follow some friends or just see the rating good in the ico rating sites or other terms.
And if you want to hodl some coin, just buy them in some stage.
Example : if you have $1000,and wanna buy coin A 1$@each, dont buy them all. maybe you can put $200 for the first. then let us see the price, if it down you can analyze it again before put your money in that coin again. You must see if it normal or anything happened inside. if it's just a normal scheme, you can buy them again at $0.8
then when that coin down, you still not loss a lot. it's just a point of Hodling scheme.
But remember from the first point. You must have a reason why you choose that coin/token and do your own research.
G luck
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