It's all about HODLing | Bitcointalksearch.org

tam31

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Quote from: bangjoe on May 20, 2022, 12:19:49 AM

That's not enough in the world of cryptocurrency because there are many things we have to learn and analyze first. If everyone just need to hold I think everyone can do it too, but in reality just holding me it won't mean anything And won't make any profit to us. We do that with coins that are already good, like bitcoin for example.

Of course this isn't enough because cryptos are complex but I think he already knows that, what he was only saying there is hodling is just a basic skill that everyone must have when they engage here. You can't go wrong with hodling, whether you are a trader or an investor as long as you know how to hodl, it can always save you from losing but of course that is if you also pick the right set of coins because if you pick a shitcoin and other junk coins, hodling can be useless with them.

You will only die hodling and the coins haven't still recovered. Hodling means nothing, that's true but we need to sell before we can say that we are in profits.

SirLancelot

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Quote from: MrDave on May 18, 2022, 01:37:20 AM

Truth be told, hodling crypto currency is more about holding than anything else.
Those who have mastered the art of hodling have made the most money trading or investing in crypto currencies. The most basic skill one should have is HODLing.

It is all about hodling if you are an investor specifically long term investor because that is the main objective of the game but if you cant follow a simple rule which is to hodl then you are out. That game is not for you. You better do trading instead because in trading anyone is free to sell in anytime they like.

The only rule is trading is to avoid hodling your coins. This is why there's a stop loss feature in trading for traders to keep on going. Also hodling cryptos is considered everything only if you put all your money in it or if you sell all what you got (house, cars, etc.) but if not then there is more important things out there not only cryptos.

Oceat

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Quote from: TimeTeller on May 19, 2022, 06:01:29 PM

Quote from: Oceat on May 19, 2022, 05:53:57 PM

In this very volatile market hodling is the most effective way to maximize your profit in the right time. The ones who mastered this art of hodling will get the best reward they could get in the right time because this is how the market works. Investing is not just enough in this market someone should have a strategy to maximize their profit in the future this applies to traders too.

The market is very risky if you don't know what you are doing so it's better to have some knowledge first like hodling is one of the strategy you could use if in risk.

Holding is only true for valuable coins like BTC.
But when it comes to new alts or tokens, it is best to get rid of them while they are still available in the trading market.
So when you decide to hold a specific coin, make sure you have done your own assessments.
Are they going to survive in this market? Is the team in continuous progress with their developments?
Just few questions to keep in mind while preciously holding your coins.

It depends on how strong their patience when it comes to crypto market and I've seen a lot of people who just lost big profit because of the panic. Well, it's their choice though but if they really need that money then it's just right if they sell it before it's too late since the market seems to going for more dip. Staying at $40k before I guess that was the lucky day for some if they did get some profit from that but since the market today seems to start declining a bit more although there's still a strong support that hold it to stop from declining too much.

Tanya_S

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I want to share links to the articles that helped me a lot to make some reasonable decisions.

Bitcoin Is Best Inflation Hedge, But Why? https://www.cryptocurrencyhub.net/topic/bitcoin-is-best-inflation-hedge-but-why
Dollar-Cost Averaging: Crypto Investment Strategy That'll Make You Rich https://www.cryptocurrencyhub.net/topic/dollar-cost-averaging-crypto-investment-strategy-that-ll-make-you-rich
The psychology of cryptocurrency investing: how the mind is essential in making money https://www.linkedin.com/pulse/psychology-cryptocurrency-investing-how-mind-essential-making-/
How To Invest During A Bear Market? https://www.linkedin.com/pulse/how-invest-during-bear-market-evbblock/
Bitcoin volatility: What should investors be doing to manage their risk? https://www.linkedin.com/pulse/bitcoin-volatility-what-should-investors-doing-manage-risk-evbblock/
Long-Term and Short-Term Crypto Investment: Which One To Choose? https://www.linkedin.com/pulse/long-term-short-term-crypto-investment-which-one-choose-evbblock/

Also, I hope these articles help somebody. Guys from EvBlock recommended using the HODL strategy at the beginning of the year.

Marvell1

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Quote from: yayayo on May 18, 2022, 01:45:44 AM

Actually for some people holding is good but for me there is many opportunities that you might missed when holding sometimes you can sell it and buy again to have more holdings, my goal in holding is to constantly increase the amount of the coin I am holding not the value of what I am holding.

ya.ya.yo!

It's like buying low and selling high and it's not easy, no one can tell if the market will go up or down tomorrow. If you are a holder and you have the ability to analyze charts then it will be easy for you but not for all.

To be honest, holding is very hard not as simple as we say and increasing the number of coins more difficult even will make us lose immediately. If you are already a long-term holder then it is best to stop looking at the daily chart as it can make you panic and lose your temper when holding.

mrongoz_imut

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Quote from: MrDave on May 18, 2022, 01:37:20 AM

Truth be told, hodling crypto currency is more about holding than anything else.
Those who have mastered the art of hodling have made the most money trading or investing in crypto currencies. The most basic skill one should have is HODLing.

What have to do except holding only as good option right now after coins holding price drop almost 40%. Bigger losing if try cut loss now and holding as the best thing still hope can reach higher price one day later or really back to the top price. Not fully true witj cryptocurreny as holding only but we don't have option except hold right now and waiting when holding option removing after bitcoin break out.

topman21

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Holdings can be made in cryptocurrency, but it is better not to hold on when you are making money from your holding.I have a lot of holdings and there is little profit in some coins and loss in more coins.Before that I bought Terra Luna and held it, now it has no value. In the first case, there was a good profit for some time.That's why I say if you make a profit after holding on to cryptocurrency, you will sell it immediately, don't think about what will happen next.

kalihunter

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I put 50 BUSD on LUNA few days ago Sad

now i am regret it.

kalihunter

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Quote from: tranthidung on May 18, 2022, 05:06:21 AM

Quote from: MrDave on May 18, 2022, 01:37:20 AM

Truth be told, hodling crypto currency is more about holding than anything else.

The saying is "If you can't HODL, you can't get rich" but life is not as easy as that.

First, HODLing itself is not easy
Second, HODLing does not mean profit

than what does it mean hodling if not profit?

jrrsparkles

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Any asset which you beleive that the value will appreciate over time supposed to be held, if you sell then someone will get that chance. Until now bitcoin gave profits but this isn't same to every cryptocurrencies because 99% of cryptocurrencies goes down to zero in the few years so make sure you're holding the right coin before thinking about HODL for long term.

bangjoe

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That's not enough in the world of cryptocurrency because there are many things we have to learn and analyze first. If everyone just need to hold I think everyone can do it too, but in reality just holding me it won't mean anything And won't make any profit to us. We do that with coins that are already good, like bitcoin for example.

kawetsriyanto

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If you use crypto for investment only, hodling is what you need. But if you use crypto for trading, holding isn't the most skill you need but how the strategy in trading is. Anyway, hodling isn't something easy, it is only easy to mention. If you have a weak belief and have a lack of knowledge about crypto market and its fluctuations, I'm sure holding to be a hard thing. There are always many FUDs to bother weak holders. It is a big obstacle, especially when you see the market turn to be red and the prices of crypto drop massively, while many negative issues spread out. Weak holders will do panicking sell, only holders who have a strong belief and know it is already predictable to happen, will continue to keep their crypto coins. So, holding is a complex thing, not as simple as we assume.

TimeTeller

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Quote from: Oceat on May 19, 2022, 05:53:57 PM

In this very volatile market hodling is the most effective way to maximize your profit in the right time. The ones who mastered this art of hodling will get the best reward they could get in the right time because this is how the market works. Investing is not just enough in this market someone should have a strategy to maximize their profit in the future this applies to traders too.

The market is very risky if you don't know what you are doing so it's better to have some knowledge first like hodling is one of the strategy you could use if in risk.

Holding is only true for valuable coins like BTC.
But when it comes to new alts or tokens, it is best to get rid of them while they are still available in the trading market.
So when you decide to hold a specific coin, make sure you have done your own assessments.
Are they going to survive in this market? Is the team in continuous progress with their developments?
Just few questions to keep in mind while preciously holding your coins.

Oceat

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In this very volatile market hodling is the most effective way to maximize your profit in the right time. The ones who mastered this art of hodling will get the best reward they could get in the right time because this is how the market works. Investing is not just enough in this market someone should have a strategy to maximize their profit in the future this applies to traders too.

The market is very risky if you don't know what you are doing so it's better to have some knowledge first like hodling is one of the strategy you could use if in risk.

kryptocanon

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You're absolutely right. Better days are always ahead. And I do agree with you as the key factor to learn before getting into crypto investment is learning to HODL. Without HODL, one can't become rich in it. Some do call it a crazy investment but I do see it a life changing investment.

arapgeceleri

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hodl is a very important point in investment. I think, like trading, hodl is a matter of skill, perseverance and intelligence. hodl is not buying and holding any coins. hodl is a business of research, trust, planning and strategy. Even calculating how much time it will take is an important detail.

Viscore

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Quote from: MrDave on May 18, 2022, 01:37:20 AM

Truth be told, hodling crypto currency is more about holding than anything else.
Those who have mastered the art of hodling have made the most money trading or investing in crypto currencies. The most basic skill one should have is HODLing.

I guess if you find it hard to succeed from investing and trading, then you should learn to master them as well as long term hodling. Because if you only come in the market for long term hodling, it seems that you didn't take full advantage on the good opportunities in the market. Yes, long term hodling may promise huge profits in the future, but it will be more profitable if we also do good in trading and investing so we can attain financial stability the easier and faster way.

carlfebz2

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Quote from: MrDave on May 18, 2022, 01:37:20 AM

Truth be told, hodling crypto currency is more about holding than anything else.
Those who have mastered the art of hodling have made the most money trading or investing in crypto currencies. The most basic skill one should have is HODLing.

Hodling is good but depends on what are your particular goals or target in mind whether you do love to see profits in a decade time or more and also not all people would really be having the same level of patience on

waiting up for something because even on my part i cant really afford on waiting for several years just to harvest out the profits of my waiting which you could eventually able to do that with active or day trading.

Well, its more risky but something cant really be ignored when you arent that fan on waiting game since not all would really be having the same mindset when it comes to this.

Furious 7

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Quote from: Vaculin on May 18, 2022, 05:04:19 PM

Quote from: MrDave on May 18, 2022, 01:37:20 AM

Truth be told, hodling crypto currency is more about holding than anything else.
Those who have mastered the art of hodling have made the most money trading or investing in crypto currencies. The most basic skill one should have is HODLing.

Though its easy to say, but hodling itself takes a lot of patience and may test you how long can you hold onto your coins because of the market's unpredictable conditions. The reason why only few sustain long term hodling. However, if you are a smart one, you should not just master hodling alone, investing and trading should also be mastered as they can also give a lot of profits if they can be well exercised.

This is why there is a term that only the hand of a god can hold it for a certain period of time. although this is indeed quite difficult but indeed there are some people who can resist even almost from the start they have not sold their portfolio.

Of course something like this will not be able to be done for everyone and only certain people can do something like this.

As for trading, this is also a good thing but again, not everyone can read the movement of the candle and sometimes only a few people are able to take advantage of the momentum properly.

Kasabus

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Quote from: noorman0 on May 18, 2022, 01:47:25 AM

HODlings only increase in value but they don't really have that much value until they realize the profit or spend it on items that are pegged to fiat value. Meaning they haven't earned anything in the process, 1BTC = 1BTC. Worst case scenario, if the HODler decides to cash out out of necessity when market conditions are not as expected. The slightest regret will still be there.

That's the most disadvantage of long term hodling, you still end up losing because you have to sell your coins at the wrong time not because you want to, but because the situation pushes it to happen. Whereas, if you also do buying and selling when there is good opportunity to do so, you will certainly earn from those, aside from the profits you expect from long term hodling. So i guess hodling is not enough, you have to do buying and selling in the market because its the best ways to grow your investment.

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