It's all about HODLing - page 3. | Bitcointalksearch.org

Mauser

hero member

Activity: 1974

Merit: 534

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.

Two things can help for a HODL investor, having a strong stomach or a very bad short term memory, either one of those will make sure to not sell early our coins. Buying bitcoins and just forgetting about them is one approach, but it might be better to have a strong stomach and thick skin. A short term drop in prices doesn't mean we lost money, that happens only when we sell the coins. Better to sit out the bear market and wait fot the next bull cycle. Then again this depends also where we bought our coins, investors who bought at 100 or 1,000 USD will not be alarmed right now. Its the investors who bought between 30,000 and 50,000 USD who are worrying the most. It could take some time to reach a new ATH.

cheezcarls

hero member

Activity: 2282

Merit: 659

Looking for gigs

Quote from: P2PECS on May 18, 2022, 01:41:24 AM

Yes sure, you just keep HODling "crypto currency" like Terra Luna and all the cryptocurrencies that have disappeared or are worth almost zero that you will do very well.

The only thing worthwhile HODLing is BTC.

Super agreed! I was tempted between LUNA and BTC where I see others are getting FOMO’d days ago after they’ve bought the dip. But I chose BTC because I want long-term results and not some altcoin like LUNA that would likely rug slowly and get dumped when LUNA holders going to mass sell the fork version of it.

I was surprised that my beautiful European friend who is much more experienced than me chose to buy LUNA because of enormous trading volume rather than considering the worst-case scenario after the fork.

Kelvinid

sr. member

Activity: 2828

Merit: 344

win lambo...

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.

People will hold as long as they can manage to hold, nobody had the urge to do it.
Investing, holding, and next is panic selling...Well, I hope that people will just know what holding means in crypto as not all the time holding will end well, sometimes it leads to losses especially if you are buying shitcoins.

Unfortunately, we can't master the art of holding, we'd rather master how to control our emotions instead as this is an influencing factor that could affect our decision and broke our plan.

btc_angela

hero member

Activity: 2660

Merit: 551

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.

Obviously, that is HODLing, others called it diamond hand because those who learn the art of it are going to make a lot of money specially those early birds.

However, right now, HODLing is good, but there's another factor. The mental strength to do and practice what we preach. Yeah, maybe in the first couple of months we can do it, but how about when the price is going down and seeing our portfolio losing value as well? So it's going to be very tough and for sure there will be nights that you wanted to sell, so you have to fight that emotions back.

Chato1977

member

Activity: 1162

Merit: 58

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.

The Keep Holding , is there anyone that hinders you? if not then follow your desire and beliefs while many of us are not completely relying in HODling instead many of us wanted their funds moving from here and there.
so basically HODLing nowadays is not that basic desire not like in the past.

lionheart78

legendary

Activity: 2954

Merit: 1153

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!

True that hodling without knowing market updates will make us miss lots of opportunities. Besides, you can't reap any profit if you keep hodling. We must sell in order to get profit or else we will be left with bag holding worthless coins or tokens if we missed the opportunity to sell. Hodling is great but only to some extent at the end of the day, we must stop hodling in order to gain profit.

un_rank

hero member

Activity: 644

Merit: 661

- Jay -

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

The most basic skill one should have is HODLing.

Before holding, one needs to invest, so that could also be said to be the most basic skill one should have and it makes hodling very much easier.

When you invest properly, in the right asset, and with the right amount of funds based on your savings or income, it makes it much easier to actually hold despite market actions or reactions.

tranthidung

legendary

Activity: 2310

Merit: 4085

Farewell o_e_l_e_o

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

Quote

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.

In order to get profit from HODLing, the best cryptocurrency is Bitcoin which has unique specifications that you can not find in others

Fixed and unchangeable total supply: 21M
Really decentralized network
Strongest network (in terms of either hashrate and decentralization in crypto

References

maartenhaha

sr. member

Activity: 1456

Merit: 251

now is the right time to choose a coin to hold such as ethereum coin and bnb coin at this time the price of these two coins is dropping again, the right time to buy coins and store them because these two coins will go up in the future.

Darker45

legendary

Activity: 2576

Merit: 1860

Truth be told, HODLing is not just about HODLing per se. It is not about HODLing cryptocurrency but HODLing Bitcoin. That matters. A lot. HODLing itself doesn’t make you money; HODLing Bitcoin does.

I think it needs emphasis, especially with the recent event involving Terra’s LUNA. That should make every so-called HODLer reconsider his/her portfolio and be reminded that however hyped an altcoin is, it is nothing but a castle built on sand.

btc78

full member

Activity: 2520

Merit: 214

Eloncoin.org - Mars, here we come!

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.

But the thing is do all investors here has the capacity to hold? as most of crypto investors are here to make money short time and only few are willing to keep the crypto on hold thats why the volatility of market keeps being the issue.
but like said ? it is always best to HODL if you can afford to wait than buying and selling in which very risky for me.

Wiwo

hero member

Activity: 1022

Merit: 667

Top Crypto Casino

Quote from: P2PECS on May 18, 2022, 01:54:10 AM

Quote from: MrDave on May 18, 2022, 01:47:09 AM

Maybe that's why I am into the Bitcoin discussion section Roll Eyes

But if you talk about cryptocurrencies you seem to be including the nearly 20,000 altcoins which are not worth HODLing.

You are absolutely correct, when you want to hodling one need to be specific and hodle the right coin that is less volatile and somewhat stable such as Bitcoin even though bitcoin is highly volatile Bitcoin remains the best coin for hodling unlike some altcoins that can go from $80 to $0.50 overnight their not good for hodling but speculations. Hoddle BTC with steel hands and you never get disappointed.

traderethereum

hero member

Activity: 2870

Merit: 574

Vave.com - Crypto Casino

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.

Maybe but most of them want to profit from crypto so they keep buying and selling every coin, including bitcoin.
It is not easy to hold coins, let alone hold bitcoins, for a long time because you will see a lot of price fluctuations in the market that can make you panic.
But if you really want to hold bitcoins for the long term, then once you buy bitcoins, you have to get out of the market and don't look at the volatile prices.
Otherwise, you will be affected by price movements in the market and will eventually make you panic.

FairUser

sr. member

Activity: 1344

Merit: 264

bit.ly/3QXp3oh | Ultimate Launchpad on TON

Sometimes I also feel that I am too complicated in this story of finding real values in life. The problem of things is tied to the present lives of many people, and it is almost impossible for us to get rid of it, HOLDing is also one of the reasons that makes me find it easy to become very difficult when life influences it. I admit that I am also in need of money to serve the ideals that I pursue in life, and indeed, the money invested in the markets is a success that transforms my life process and perception different from the life we're seeing. What I've seen has fundamentally changed the fortunes that I have, and it's helped me personally first. And now when I share these things with the people next to me, it's just my own experience, so sometimes that formula doesn't work for them either. What do we expect from these things? I still can't say for sure if material wealth but being blind to ourselves will prevent the truth about money from coming out. Maybe some of the issues are a bit abstract, but the simplification of knowledge as well as the choices in this life help me realize a meaningful life.

P2PECS

member

Activity: 173

Merit: 74

Quote from: MrDave on May 18, 2022, 01:47:09 AM

Maybe that's why I am into the Bitcoin discussion section Roll Eyes

But if you talk about cryptocurrencies you seem to be including the nearly 20,000 altcoins which are not worth HODLing.

noorman0

hero member

Activity: 1778

Merit: 709

[Nope]No hype delivers more than hope

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.

MrDave

jr. member

Activity: 114

Merit: 1

Quote from: P2PECS on May 18, 2022, 01:41:24 AM

Yes sure, you just keep HODling "crypto currency" like Terra Luna and all the cryptocurrencies that have disappeared or are worth almost zero that you will do very well.

The only thing worthwhile HODLing is BTC.

Maybe that's why I am into the Bitcoin discussion section Roll Eyes

yayayo

legendary

Activity: 1806

Merit: 1024

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!

P2PECS

member

Activity: 173

Merit: 74

Yes sure, you just keep HODling "crypto currency" like Terra Luna and all the cryptocurrencies that have disappeared or are worth almost zero that you will do very well.

The only thing worthwhile HODLing is BTC.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

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

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

I mean.. that's why it's called hodling in the first place.. Lips sealed

What's next? Swimming is about swimming?

Topic: It's all about HODLing - page 3. (Read 557 times)