Topic: Just HODL - page 3. (Read 1368 times)

The best way to avoid lose of money is just hodl. Doing this it is very certain that the market will increase whereby profit can be derived. The only thing one needs to do is just learn to have patience,  with patience it is easy to make better profit in hodling. We are in the season that the price of cryptocurrency is increasing, this the time for hodling to make better  profit.  The little dips this period should not be a reason to panic and sell, hodlong is the only way to achieve the goal of making profit.

All of us should be more motivated towards long-term bitcoin holdings. Trading should only be done by those who have superior trading skills. Trading without skill is more likely to lose. Those with no experience or knowledge of trading should always hold using the DCA method. And we should always invest that money, without which we can live our daily life and in any danger we can get out of danger without that money, i.e. we can solve our problems without breaking the invested money. Always research about trading and holding.

@ Op Investing in altcoins is full of risk over the long term, we've seen thousands of altcoins get wiped out of the market and empty portfolios. So I never like to invest in Altcoins and the risk is high and the benefits are low, investors get extra greedy and invest more and more in Altcoins for more income. And later they see a little profit, but wait for more profit later and end up facing heavy losses.

And the best if investing in bitcoins is that the risk is low and the benefit is likely to be high. Since the past time, thousands of very trusted investors have earned huge money from Bitcoin. Just invest patiently and accept risk wherever risk is applicable. At the moment the bitcoin market is down so the bitcoin market will improve due to bitcoin halving. So you must invest to take advantage of this opportunity because there is very less chance of loss when investing in Bitcoin.Bitcoin is best suited for long-term holding only.

Beginners should be discouraged from trading due to the risk involved, but they may still be persuaded to try by success stories they hear about others who have made money trading. Not that they can't succeed at it, but we know how beginners tend to disregard any guidance telling them to study before taking any action. I wouldn't mind if they could complete the learning process before beginning to trade, but I'm sure they would choose to forgo learning in favour of starting right away. This would never end well for them, it would be like their killing themselves with their own hands if they traded without knowledge.
 
Trading is not for beginners, and even experienced traders find it extremely difficult because it involves a lot more work and knowledge than simply investing and holding. It also takes a long time to learn because there are many features that must be fully understood, which can be difficult for beginners.  It is recommended that beginners stick to investing and hodling since it would be safer and easy for them.


Hodling is surely the safest route for beginners because understanding and having an in-depth knowledge about the cryptocurrency market and the behavioral pattern of coins is key to successful trading and it is usually difficult and takes a lot of time to achieve and also requires a strong mindset that can handle any kind of outcome which is unlike the beginners as they are only focused on making profits.


The bull run is around the corner but i have never heard of any predictions of having the bull run in January, most predictions i come across still predict it to be months away or even a year. The next bull run is expected to happen after the arrival of bitcoin halving and we are yet to witness bitcoin halving and January is just a few days away from its end so if your claims were to be right we should be witnessing bitcoin halving already.

Make rightful claims backed up with proof so before making any statement you are required to carry out proper research especially when talking about the arrival of bull run. For sure no one is certain about the exact date it will begin and all talks are merely speculations.

Read this post about when bull run is expected and here is an update made by @1miau as at January 21st, 2024 which shows that bitcoin halving is less than 100 days away (87 days and some hours away).

Before entering the cryptocurrency market it is very important to have a broad knowledge of cryptocurrency and the intricacies of the market. Crypto markets are highly volatile. Markets will fluctuate all the time. But if you think you will profit daily by going up and down then it will never happen. After few days of good profit suddenly you are stuck with whole wealth. So I would say just HODL. 👍👍

If you invest in altcoin for a short period of time expecting a small amount of profit, you will definitely not be able to make a profit. You must increase the power of patience if you want to profit, or you will never be able to make more money. First of all you need to know that both short term trading and investing are risky so you don't take such risks which can result in losing your money. However, if you invest for profit, you must increase your patience and avoid altcoin investment because it is risky, so if you want to invest risk-free, you must invest in bitcoin for a long time.

One big red flag to remember in leverage trading is that you could be adversely affected by pump and dump schemes, not to mention market manipulation. I mean, especially for those of us who trade certain meme coins and altcoins. We know that this token fertile ground for this kind of thing. I also bought some alcoins but only to take short profits, it's very rare for me to hold coins for a long time.

Seriously, I don’t discourage people that are interested in trading from trading. If you know you can face all the challenges of trading, then you are free to trade. I know trading is risky compared to when you are holding, and trading is difficult to learn, but I am sure if you dedicate your time to it and really want to learn it, then you will do that. If you don’t have enough money, it’s always difficult to hold. Some people do end up trading, so they will be making money from trading and sustaining themselves.

When I saw this part of your post, it sounded so funny to me, because I don’t know maybe you don’t really know what a bull run is, I don’t know how sure you are that the bull run will start at the end of January. I think you are the first person to hear that the bull run will start in January. Most people who are predicting the bitcoin bull run are all saying that after halving, we should be expecting the bull run, no one said the bull run will start before halving.

Did you see billions of volume that is been trended on futures daily? That is to tell you that people love trading leverages than spot trading because of the quick profits. Many of them have less amount of money but want to feel the vibe of holding bitcoin profits and because they don't have the means, they sort to do futures trading.
However, many of them are clouded by greed, if not for lack of contentment and greed, why will you even be doing 25x leverage? They want to drive Lamborghini with their $20  balance.


A trader that knows what he is doing is supposed to go above 10x max, even that is risky but that's the max I think a trader should go, anything above that level is not trading neither will I called it gambling, that's an act of losing money deliberately because with 10x leverage, a 10% decrease will liquidate a trader and that is possible on a daily bitcoin candle, it's stupid to even think of going for 10x leverage.


This has been discussed and will continue to be a topic of discussion, I just feel that people will do whatever they wish to do with their money irrespective of what people view them or think about them. Spot trading is one the simplest ways to make money not the easiest way because some people does lost money there as well and will called trading a scam. Even in future trading, we have people that makes money from there just that the number is small compared to people that loss to liquidation.

Just increasing is not enough. To make a profit on holding requires not only to hold but also to sale at the right moment. And when exactly this moment will come nobody knows, but everyone decides for himself. I am sure the price will rise up after halving. But I also make some predictions and plans when I will exit the position, based on the price analysis I make.

Holding Bitcoin should be the ultimate goal of everyone. From a historical perspective, it is always beneficial to hold Bitcoin for a longer period. BTC prices over the years have increased substantially. If a person can hold Bitcoin for a decade, he might become very rich.
Bitcoin halving is around the corner, and from past trends, it is easily predicted the price will increase after the halving. At the moment, the price is fluctuating, and these conditions are not good for trading, so it is better to hold.

I won't be so sure about that, to be honest. I am waiting for another noticeable correction. We always have observed such several months before each halving. And I have confidence that similar thing will happen this year as well. Only after such a correction we can say about the beginning of a bull cycle, which will be huge, in my opinion.

Since the bear run is still flowing in the market and it is a season to buy and hodl to watch for the price to increase to your satisfaction before you can sell to make profits and to get prepare for another bear to come before you can buy again and hodl.

As you can see now, hodling is the best choice in this season if you want to be smile in the future because many coins has started developing red light which is a sign that bear season is still on but the way the market price look like this morning, it show that bull run will surely take place before the end of this month of January for hodlers to make profits.

Almost all investors wish to hold their bags especially one filled with BTC. This is because most investors know the potential in BTC but most sell out when they are in need of money. Imagine you need a money urgently for a project and you have tried your best to get this money but it doesn't work. Sometimes you have no option than to look into your bag and sell some of your coin to make some cash to settle your bills.

Trading becomes more impressive since it offers fast earning profits as long as you know how to trade. But if you do trade just to avoid getting FOMO, then you are obviously in the wrong path. Trading demands higher risk, so it demands higher skills as well so you can manage and sustain its risks.

However, when you fail from trading, you can always go back to long term hodling. Although the profits are not achieved short term but definitely the upcoming profits are definitely worth the wait.

I don't understand, you advice people against trading but you recommend them to not sell their Bitcoin before the halving? What is it if not a swing trade? You can't predict the future dude, so don't say it's safe or less risky than trading to make such bet, because you don't know how the market will react in the coming months. And you shouldn't expect whales to sell their bags after everyone, they have to do it before if they want to find enough liquidity.

Hodling has always been the easiest way to make profit in bitcoin but this seems difficult for some people because what they want is quick profit. When it comes to investing,  one can target buying in the dip and decide to invest it for a longtime and this will definitely yield good profit.  Hodling is very easy to make profit if only one has the understanding of exercising patience.  In bitcoin investment one can always make decisions of waiting to get target .

Just holding is the best thing to do when it comes to investing in bitcoins because you will have all the authority to decide when you will sell them no matter how sooner or later unlike that kind of trading which has lots of risks involved and you don't have full control of it especially when it comes to selling your bitcoins whenever you like. Unlike those people who are keen and careful when it comes to their bitcoins, they even bought some hard wallets in order to keep them safe and have total control of their crypto assets. This is how it should be for everyone because that's when you can finally say that it is your bitcoins and not theirs. After all, you will have the full decision on whether or when and where to sell it.

Don't set high leverage on your trades especially if you don't know what you are doing since futures trading is really risky since it can liquidate you especially if you are not careful enough on your position and you are always not around watching your trades. That's why I always prefer spot since even if the market drop so bad still we have a choice to hodl our bought coins and we can't encounter any lose unless we sold our crypto out of panic.  People especially those new to industry should not trade on futures because the risk is so high and to many unimaginable things happen there so best resort for them is to practice on spot because we are still in control of our funds and just like OP said we can hodl it until we can.

So many beginners just feel trading is as easy like the way they think, and they think it is something they can do without making any effort to learn about it. Beginners just feel the most important thing in trading is to have capital to start up and it will surely bring fort good profit. Trading is not something that can be done just with a little idea, the necessary things that one is supposed to know in trading, it is expected for a beginner to have it. I have always say their is no shortcut to make profit in trading, people needs to understand it very well.

Investing is better for people who find it difficult to learn about trading.  in investing what one needs to understand is to have patience and understand the volatility of the market, that profit can't be predicted when to get it because of the market can't be predicted. If one is able to understand the market and hodl good profit can be made by investing bitcoin.