IS HOLDING TRULY THE SOLUTION TO DROP OF BTC PRICE? - page 7.

pixie85

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Quote from: hildacitra on October 21, 2018, 12:09:31 AM

I personally do not understand about the up and down of bitcoin price, I read some articles that mostly say the price of bitcoin is influence by the holders itself, it means that the holder of bitcoin has crucial role about the market price. However, it has been for about a year the price movement of bitcoin tends to stay on that price, there is no significant of change of its price. Does it mean all holders are keeping safe bitcoin on their wallet?
I can't imagine if all holder are holding their coins, it must be so high the price of bitcoin.

I don't agree. Where did you read that holders are influencing the market? If you're a holder you're out of the market. You're not selling at all and you're ready to wait a long time before the price is satisfying enough. It's the traders that influence the market. They are the people behind all the pumps and dumps, not the holders.

carlisle1

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Quote from: CCIORACLE on August 08, 2018, 07:09:05 PM

I mostly see a lot of post skirting about the issue of decrease in bitcoin market price by saying hodl, hodl of which i mostly do not get them. Assuming we all decide to hodl without any transaction that means with time btc will drain and what will be the essence of the coin. We should always be a family to embrace the state of price no matter what and ensure buying and selling in order to at least have a significant effect on market price. I hodl, you hodl and we all hodl and btc will drain just like that.

As if all people here that has bitcoin will do the same thing lol

Having bitcoin is a commodity that you have source of income aside from your regular work.so when time comes that were in need,theres other options to take money.not only in our bank accounts or personal savings

dmty.0809

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If we are not permitted for hodl, what is the best solution? If we are determined to sell, it will have a bad impact on ourselves.

yanesna3

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Quote from: Soots on October 21, 2018, 12:05:24 AM

Quote from: mitchr4 on October 20, 2018, 11:32:16 PM

Quote from: ?? on ??

Noo it think HOLD bitcoin cant make bitcoin price pump, a reasonable reason the price of bitcoin can go up is if so many request buy. Even if you HOLD it very long time but there was no request buy, still useless. So its is about the transaction not about hold

Indeed holding does not make the price of bitcoin pump, there is absolutely no connection. People who hold their bitcoin are just waiting for the right time until the price of bitcoin goes up and then sell it. I think holding is a good idea to make a small profit when btc prices are down.

I believe holding is one of the most effective strategies when market is not at its best. When price fluctuates it's best to hold and be patient until it will recover. In this way it can help reduce the level of risks and huge losses.

Always hold Bitcoin when the market is down. Even now, when the prices of the cryptocurrencies are rather stable, I prefer not to sell anything. Hodlers always win.

1993jochico

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Activity: 364

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I dont get what you mean by BTC will drain, if we all hold the price will go up because theres a demand and theres no one wants to sell their BTC in lower price so the buyers will bid higher and higher day by day, just think of the law of supply and demand and you will understand how it works.

market-beta

jr. member

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if in my opinion and what I doubt now. I prefer to sell it bro. for short-term investments. With short-term investments I can get a little at a time. to meet daily needs

hildacitra

member

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I personally do not understand about the up and down of bitcoin price, I read some articles that mostly say the price of bitcoin is influence by the holders itself, it means that the holder of bitcoin has crucial role about the market price. However, it has been for about a year the price movement of bitcoin tends to stay on that price, there is no significant of change of its price. Does it mean all holders are keeping safe bitcoin on their wallet?
I can't imagine if all holder are holding their coins, it must be so high the price of bitcoin.

Soots

sr. member

Activity: 1050

Merit: 251

Quote from: mitchr4 on October 20, 2018, 11:32:16 PM

Quote from: ?? on ??

Noo it think HOLD bitcoin cant make bitcoin price pump, a reasonable reason the price of bitcoin can go up is if so many request buy. Even if you HOLD it very long time but there was no request buy, still useless. So its is about the transaction not about hold

Indeed holding does not make the price of bitcoin pump, there is absolutely no connection. People who hold their bitcoin are just waiting for the right time until the price of bitcoin goes up and then sell it. I think holding is a good idea to make a small profit when btc prices are down.

I believe holding is one of the most effective strategies when market is not at its best. When price fluctuates it's best to hold and be patient until it will recover. In this way it can help reduce the level of risks and huge losses.

Bitcoin1216

member

Activity: 364

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Pawsome

I think so, when the market drops, the best thing to do is holding, and I have the principle that hold for profit is better and more profitable than cut loss. I'm sure with patience we will get a big profit.

mitchr4

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Quote from: ?? on ??

Noo it think HOLD bitcoin cant make bitcoin price pump, a reasonable reason the price of bitcoin can go up is if so many request buy. Even if you HOLD it very long time but there was no request buy, still useless. So its is about the transaction not about hold

Indeed holding does not make the price of bitcoin pump, there is absolutely no connection. People who hold their bitcoin are just waiting for the right time until the price of bitcoin goes up and then sell it. I think holding is a good idea to make a small profit when btc prices are down.

Btcjunpitz18

jr. member

Activity: 160

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I think so, as I understand holding bitcoin make its market value price become low. If we don't sale or buy bitcoin (as we call it cycle of digital money) the market price will goes down gradually. I don't think it is a bad idea to hold for a long time.

Gotottack

hero member

Activity: 882

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I agree- we can only HODL for so long. Even though others say we really do not lose anything as these are merely paper losses, we still lose somehow brought about by time and missed opportunities. Especially when you know you could have used the money you have invested here into something more income-generating.

I believe that to be really accepted in the market, cryptos should have the ability to stay as it is or boost even higher although the people who are into it may either be HODLING or selling, in which case, it is mimicking the strength of traditional currencies. This scenario will make it even more popular to those who have not encountered cryptocurrencies yet as of writing.

supermine

hero member

Activity: 826

Merit: 518

Yes,if you are about the bitcoin price then holding can be the best option to save ourselves from loss or you can just sell at the beginning of price drops then buy when the prices starts to recover which is the most profitable option that is why everyone is trying to do that but it is not easy as it looks like because we never know when the price drops or increase until it became happened.

yndye

sr. member

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Quote from: Royal Script on October 20, 2018, 09:06:16 PM

I think that makes sense regarding the price movement of bitcoin. Basically, its market value depends on the demand of the people and that is when they buy bitcoin or sell their bitcoin holdings. But when everyone will hold and no one will sell, the volume will only have the buying transaction which will cause the price to spike.

But if everyone is holding then eventually there would be someone that would sell and if he is a big holder then some would panic and sell as well which would cause a big red candle. I think the solution would be to make people be aware of bitcoin and then increase its demand. The key would be to make people use bitcoin as a currency so that transactions would continue to flow and volume would still be there. It would help in making the merchants consider in adopting it.

Royal Script

newbie

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I think that makes sense regarding the price movement of bitcoin. Basically, its market value depends on the demand of the people and that is when they buy bitcoin or sell their bitcoin holdings. But when everyone will hold and no one will sell, the volume will only have the buying transaction which will cause the price to spike.

reality18

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Holding is one of the best ways aside Tethering(USDT) to deal with bear markets when the weak hands begin to sell off their valuable coins for cheap prices. Crypto requires patience sometimes because the market does not have a smooth path of upward motion. There are periods the market goes red, however, it is certain that the market always recover.

flying_bit

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Quote from: CCIORACLE on August 08, 2018, 07:09:05 PM

I mostly see a lot of post skirting about the issue of decrease in bitcoin market price by saying hodl, hodl of which i mostly do not get them. Assuming we all decide to hodl without any transaction that means with time btc will drain and what will be the essence of the coin. We should always be a family to embrace the state of price no matter what and ensure buying and selling in order to at least have a significant effect on market price. I hodl, you hodl and we all hodl and btc will drain just like that.

No, don't just hodl. To increase the price of bitcoin (or any crypto) you have to use it and trade it. Nothing will happen if you just hodl. This will only get a low market volume thus making the value low because investor don't like to buy a low volume. If you look at the graph, price go up when there's high trading volume (pumping/FOMO can cause this) and there's a low price when people started to dump and no one is buying (FUD,dumping). So use and trade smartly your crypto don't just hodl it.

Bitfling

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Quote from: CCIORACLE on August 08, 2018, 07:09:05 PM

I mostly see a lot of post skirting about the issue of decrease in bitcoin market price by saying hodl, hodl of which i mostly do not get them. Assuming we all decide to hodl without any transaction that means with time btc will drain and what will be the essence of the coin. We should always be a family to embrace the state of price no matter what and ensure buying and selling in order to at least have a significant effect on market price. I hodl, you hodl and we all hodl and btc will drain just like that.

Hodling helping to reduce supply in market. Like others commodities, supply and demand determining price. I am believe if more people hodl their coin, bitcoin price increase, because bitcoin is good long term investment

tiktak89

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Transactions with bitcoins will always continue to be made, this happens even now, when the prices of the crypto currency have fallen and the moment for the sale is very unprofitable. So we can not worry.

bigbosma

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Nevertheless, now it is better to really refrain from selling bitcoin. It is still very unstable, and it is better to strengthen it with the help of your investment. But the time will come, and we will be able to actively use it as a currency, and then few people will just keep it as a long-term perspective.

Topic: IS HOLDING TRULY THE SOLUTION TO DROP OF BTC PRICE? - page 7. (Read 1935 times)