Topic: Is hodling good for Bitcoin, and how its affecting it? - page 2. (Read 479 times)

I think you are absolutely right and that fact is that we cannot all hold Bitcoin at a particular time without selling some. We all preach that people should hold and that is just to prevent people from selling cheap and when the number of sales is reduced, demand will increase and that will mean that Bitcoin price will increase as well

It is correct, bitcoin need to be spend, bitcoin need to be circulated so it can become stronger and more stable, most of us suggest to hold in a bad situation, in the bearish market, we always suggest to hold to prevent deeper lost,  we are expecting bitcoin to be currency, but in reality its more famous as an asset, and I don't mind it being used as an asset because there are not a lot of place that can used bitcoin for payment and we need the transaction volume, so bitcoin also depends on trading volume to survive

Some people may say yes, as it does make the volatility in the short term lower though I would have to say no. When you think about it, if everyone is HODL'ing then we're going to crash at some point, which is going to be the point that everyone is happy with the gains they've made and they're going to sell. That's the thing that's going to kill the crypto market.

And once the hodlers sell, it's all over.

It all depends on how everyone thinks about it, holds a bit[Suspicious link removed]d for investing, and if used for sale and purchase transactions is also good, but for me invest for the long term may be much better

By holding the bitcoin we receive is very good results, because we can get patience and also who do not really care about the price because, because they hold for long term.

For most of us bitcoin is an investment instrument at this point. So i prefer buying more bitcoin as much as i can and trying to hold them for long term. For me it’s easiest way.

There are some good opinions on this, including Bitcoin used for buying and selling, I think everyone can do this, and it's still very important if bitcoin is used for future investments, of course all your best choices are decisive.

Holding the bitcoin we have does have a great advantage for those who invest in the long term and with large capital and also good for those who are busy going to their Offline jobs.

Holding Bitcoin is only good for the one holding it, holding makes the circulating supply smaller and thus people will offer more money to buy it.
Bitcoin is ment to be used as other currencies and people should not hold it.
Holding will make it useless and it will lose its value.

I also think that holding is good for those who have big capital to invest and I hold some of my bitcoin for the long term and partly for my daily trading.

holding bitcoin is good as this helps the price go up. it just normal, when something is difficult to see, its value increases. so all should hold their bitcoin and watch price go up

This is truth I guess. Sadly, almost everyone buy bitcoin because they want to earn some extra money, its just like virendarnagpal said. Only small number of people believe in what bitcoin actually represent and support it by buying it. But I guess that everything in crypto world is based on money gain.

I guess that circulation of bitcoin is good like you said. If it was not, everything would be... lets say different. But I don't share your opinion that bitcoin is bubble, at least not in its core. It is bubble in this moment, because people are not using it as a currency, but as an asset or investment.

For now its like this, but when (or if) bitcoin gets accepted as legal currency things will change I guess. Also, as long as everything is working, there is nothing to fear right. I guess my concern was not totally baseless tho, but it was also clouded by constant seeing of "just keep holding" type of advice's.

How would a bubble occur from people holding their coins? It's  would only be a bubble if people stopped buying or it significantly decreased and if the opposite happens and demand outstrips supply then that's a good thing for the value.


So? People don't have to spend all their money all the time. Have you heard of a thing called savings? There's nothing wrong with saving cash or bitcoins but if you want to spend it then spend it but for others there's nothing wrong with 'hodling'.

Merely holding any crypto is probably the safest but also riskiest bet.
I have been hearing people to say "just hold", however, look at the numbers.
The price of Bitcoin is even lower than it was in January/February.
So the ROI of holding is negative in this case.
On the other hand, if you were trading Bitcoin and making an average of 0.5% ROI/day, in the past 90 days you would've had a total ROI of over 55%.

I prefer to hold, becouse I`m afraid, that bitcoin will loose its value again and we will loose our money, but better is to trade, it cames up with a profit anyway.

If you believe bitcoin is going up in the long term (and you don't need the cash in the short term) and you're right, HODL is the best thing you can do as a regular-joe retail investor.

If you don't, then put your money somewhere else.

That is true. but I don't think that every one is holding bitcoin is going to happen, because bitcoin is always being used, at least by ICOs. Constant flow will cause stable price which is unwanted by holders. moreover bitcoin holders will sell when the price is high.  I don't think they will hold bitcoin forever. People need money, not bitcoin.

Each one of us has different views when it comes to bitcoin, some believe it is a currency and some also believe it is an asset or investment.So when people believe it is a currenncy they are buying and selling their bitcoin depending on the flow of prices like buying on low price and selling on high price. and for those believe it is good for investment then they are holding it for.long term investment.

True! The flow of bitcoin is very necessary for it to flourish so it is better if we can see more numbers of users than holders. But you also must not forget that, holder are those who believe in bitcoin and believe in its potential. So we can't ignore them either.

We mainly have two different types of people in any market. One is trader and another type is investors. Traders are those who frequently execute trades to earn the difference in price and they are the one who likes to take risk. The other set of people are not risk takers and loves to hold any asset for longer time. On the other hand, investors are those who are not willing to take much risk and executes a trade only if there is a significant price difference. But both of these types are equally important for a healthy asset. We can't ignore one type for the betterment of the other.

Traders are mainly driven by the market opportunities. So if a trader sees a better opportunity is ripple today, he will switch his entire fund to Ripple from bitcoin to bank on that opportunity. If would not think twice if the opportunity is prominent. On the other hand, holders would not sell off his bitcoin assets if he spots a market opportunity. Instead he will infuse extra money into that opportunity and keep his bitcoin assets intact. Holders are the true believers. So  a balanced mix of holders and users will be good for the growth of bitcoin. But certainly we can't ignore them.

The best for bitcoin is buying, spending and exchanging. Holding might be good for some reasons for bitcoin. You can't avoid it fiat currency lose value but bitcoin has limited supply.