Topic: Just HODL - page 5. (Read 1386 times)

Just a heads up, Bitcoin's halving is coming, signaling a potential bull run. Enjoy the ride, but don't get too greedy. Good risk management is key; it's not about going all in recklessly. Be smart, find a solid strategy for this season. For those playing it safe, BTC is a reliable bet. Diversifying your investments is wise, but be cautious with meme coins; they come with risks. If you choose to invest, be aware of the risks and only invest what you're willing to lose. It's about being savvy and ready for potential shifts. Let's navigate this together with caution and wisdom.

I definitely agree with you and from point of experience, holding is the best option for any begginer trader and until they have gained more knowledge about how things work in the world of crypto, and then they will now graduate into trading. Some people can still profit from trading being a newbie trader if you play by the rules, but the problem is in that there is a high percentage chance that newbie traders in the market will surely be greedy at the start, and thus lose money.

Trading is not a good choice for beginners but sadly, many do this believing that they can make it right but the results are disappointing.
Just hope that the next generation will have the time to analyze their position and be able to see their capabilities because it is hard to assume that we can make a good profit if we lack of knowledge and surely it ends up losing.

In fact, many old traders quit trading and are now becoming investors and holders because they know and based on their experience it was the best option to take.

You are correct I don't hold anything about anyone who wants to trade but the problems that before any could finally fund their account they should be able to know their trading capacity, not just by joining today and tomorrow they claims to be expert and why they are not after sometimes they will come back here to start larmenting about their mistake or how much they have lost in trading.
To me if anyone approaches for trading i will say just follow your mind because trading isn't that easily but to me i will prefer you just invest and hodl to save your precious funds and reduces tension from you.

In a different thread - I said futures trading is fine if done with the right strategy. Problems will really arise when very greedy traders want to get rich overnight. They know the risks – but it would be a shame to say they are trying their luck. High leverage is suicidal - but if it's 2x or 3x, it's probably still safe.

I have tested the strategy especially when I have USDT in the account - but still, the risks also need to be considered. Avoid using high leverage in futures trading - it is a correct recommendation so that you do not lose all your money. To get a sense of security without much risk - become a holder and store your bitcoin in a wallet that gives you full custody.

There’s no wrong if you want to trade as long as you have what it takes to be a good trader, but if you are still a beginner who just wish to make quick profits, then let me tell you that trading is not suitable for you. Settle with hodling, the profits are still promising as long as you have the patience and persistency to hold, and the consistency to DCA every time you make a spare money from your source of income.

I agree more with saying bitcoin than crypto in general because when you say something in general there are far more misunderstandings. Basically, investing in Bitcoin will not cause anyone to suffer losses as long as they know how to invest correctly. Trading is much more difficult to do when one does not understand how and that is why it is better to invest rather than trade. But it comes back to each individual and if both can be done simultaneously it would be much better because it could open two directions to achieve profits.

Bitcoin has the strength to survive in the long term and the Hold concept is usually the best choice for people who hold it because if we are able to be patient until Bitcoin reaches the next ATH then the investment value we have from Bitcoin assets will increase.

Personally, I don't like what stresses me unnecessarily, I have traded in the past and made few profits normally, recently, I stumbled on a trading site which I knew quite alright that it is a scam based on their pattern of activities, I traded with mined coins and was lucky to withdraw like $20 profits, then engaging again, they crashed my trades and left me with no other option than to deposit, which I ignored wholeheartedly.

The thing is this, trading is hard and stressful, let no one deceive you. sleepless nights, fear, pressure and restlessness will always be your companion as long as you've started a trade. trading is also very much profitable for those who understand it very well and make a living from it. Myself is not cut out for those stress for now, I simply hodl, rest my case and focus on other things that give me extra funds to maintain my living. Its also very discouraging that these trading newbies just jump into it without proper trainings and waste precious funds. Halving is near, the proper thing that anyone would do now is very simple, HODL! HODL! HODL!

Many new traders who start trading with capital (without acquiring knowledge about trading) only aim to accumulate double the amount of capital. In the new state this greed starts trading with lust and without researching the market they lean towards profit. Eventually they manage to lose money. So I warn the newbies, never come to trade because of greed, there will be a high chance of loss. If you want to trade, you must have an idea about the market and the future of that coin, then if you trade on that coin, you will be able to gain benefits.

It pays to hold but never easy decision. We can decide to hold for long and not still get what we really want after holding for so long.
One of the ways we can hold is by staking our tokens so that as we are holding, we can. As well be earning something that would not just make us to have the same quantity of tokens that we used to have. Crypto had been built in a way that would help us earn more even as we are holding that token we intend to keep for a longer time.

A good strategy you have there and of course if you have got the patience enough, it will definitely pay off after the halving when the main bull run will be taking place, most persons may not be opportune to be part of this Bull run probably because they will be missing out after selling off their assets at this point where it seems like there's a current bull. Most hodlers do lack patience especially for those who has got their eyes on the market and are always looking at the chart, their assets when stored in wallets online where they can easily access they tend to sell off at will and probably miss out at times


If you want to HODL for a Long time such that you will be able to make very good profit from your assets especially when you have got a good amount of money invested in it, then you may have to use cold storage and make sure to keep your phrases safe then after the halving and Bull run check on your assets and you will surely see something good.

Aside from recognizing the benefits and drawbacks of cryptocurrency, one of the most important elements to comprehend before doing anything with it is the market. You can dive into any type of ocean. You do not simply leap into the ocean if you do not know how to swim. That is exactly how Bitcoin and the entire cryptocurrency works; if you dive in, be prepared to be lured in and lose money. When you have the advantage of knowing what to avoid, it will be easier to navigate.  There are measures that have to be taking into consideration in every involvement, one just have to be very careful in selection and in safety so many things.

People have different approaches to their involvement and already have a choice of what they want to do, which is one of the best ways to function in the crypto world. Having a choice of what you want to specify on is better that way. And the simplest is to purchase and sell if the price is low, and to buy if the price is high.

I'm also afraid of trading futures since I haven't tried it and don't think I will because I know that making money is risky, but I don't believe I'll take that sort of risk even if it is a place to set limits on how much you want to trade with. People might be greedy and wish to use a lot of leverage at times.But the issue is that when you profit from futures, you make a lot of money.

Even when there is no bear, traders still lose money, most especially future traders. When trading, always manage your risk. Don’t think that because the market is stable or because we are in a bull run you are going to use high leverage when trading futures. Even during a bull run, always maintain low leverage. Anything can happen at any particular time that the market will go against your trade. So when trading futures, always maintain low leverage, don’t enter a trade with all the amount you deposit, just enter a trade with some part and leave the remaining amount to extend your liquidation, and always do your analysis well before entering a trade.

I don’t discourage people when they come to meet me that they want to learn trading, but seriously, I do discourage people from trading futures. The risk is just kind of high, and lots of people are always interested in future trading, especially the newbies, because of the high reward in future trading, but most of them don’t think about the risk involved in it, and after losing, they will end up regretting why they started trading futures.

If you want to trade, then there is nothing bad about it, just avoid future trading, or use small leverage and use the little amount you can afford to lose when trading both spot trading and future trading. Altcoins are not to be trusted, even the so called strong altcoins are not supposed to be trusted, we saw the once that failed us recently, they are also strong altcoins. The best thing to do is to invest in bitcoin if you are planning to make an investment, and make sure your bitcoin is properly secured and your private key is stored properly.

Bitcoin should not be sold at this time as it is currently experiencing a bull market. Its price could reach an all-time high amid the upcoming Bitcoin halving. Selling now would mean missing out on potential future gains as the price of Bitcoin continues to rise. I believe Bitcoin has long-term growth potential and could become a mainstream asset, so don't want to lose future profits by selling Bitcoin now. I want to hold on to my bitcoin until it gives me the results I want.

Yes HODL is the best way to save our wealth in the future because it is easier for us to do than trading using leverage which obviously if you can't control it will be more risky, so I will avoid any trading and stick to HODL in the long run.

The events in 2024 will be more and more, although recently there was bad news that the SEC agency was hacked for tweeting about the approval of the bitcoin ETF, it had a slight negative impact, but I was never worried because this was not really what was waiting for but the halving was imminent after that wait 18 months as stated by experts.

I have said it so many times earlier, you just have to HODL and keep buying every red candle on Daily. Do not think more than that, that's the only trhing you need to do to win this market.
Also, Leverage is bad for mental and wealth. Do not spend your time in that.

I have been holding bitcoins since long before this news and have been regularly investing my bitcoins and holding those investments. In the long term I have invested and of course I have invested in Bitcoin. Now I have enough investment but I want to increase my investment more. When I have extra money I invest that extra money directly into Bitcoin. I invested when the Bitcoin market was relatively low and now the Bitcoin market is at a relatively high level, but I have not stopped my investment. Now maybe the price of bitcoin is the highest but after a few months we will see the price of bitcoin increase from that basically I am investing in bitcoin regularly and trying to hold it for a long time.

You are dam right bro, holding is the best when it comes to trading cryptocurrency. sometimes we are mostly tempted to trade futures market due to low capital which brings in low returns on spot market, but we actually don't know that we are hustling backwards by trading futures market which will get us liquidated and we will start all over again from scratch.
One thing I have understand in life and my crypto journey is that slow and consistent progress better is than rushing, which wouldn't give you a better result on the long run.

I have a mentor who once told me trading cryptocurrency is trash and isn't worth the effort but then people fail to understand probably because they have seen a few who traded cryptocurrency and made some good money from it hence it becomes a point for them to believe that trading is actually a way of milking the crypto market until they suffer huge losses as this then they will accept the fact that hodling is better.

Time factor is the only separating difference between a crypto trader and one who is hodling, these two persons ends up in good profit but this have relativity to the and their capital but Hodling is way safer and profitable so just HODL

Because currently the market condition is very good and right now people are able to earn a lot of money just by investing in Bitcoin. Bitcoin has the highest growth compared to all other coins, and it is the highest ATH this year, and we can expect Bitcoin to reach $50,000 soon. Bitcoin is the best investment as it is a currency that always brings a person to profit level. When you keep investing in Bitcoin, your dreams will gradually come true, especially financial problems will be solved. But hodl is the best and best investment which will make you financially stable enough for some time.