HODLing as we all know is a strategy of holding our Bitcoin against all its volatility and fluctuation in price and so until we are able to understand these we keep on losing our savings.
To start holding does not have a special time,the best time is now ,always and forever. A real Bitcoin holder will always hold on whatever he/she has no matter how little even when the market is extremely volatile or crashes.
When you hold Bitcoin for long-term of time,the price appreciate, because from history the price increase over time which makes it have an edge against inflation because it's limited in supply protect its value from eroding away over time.
The main reasons why you should be hodling andnot selling at any time is that Bitcoin can be the key to financial freedom since it has a unique characteristics of storing its values. The strategy helps investors avoid loss from short -term volatility and gain returns from long -term value. Remember holding brings abbout profit through value of assets kept in your wallet also income.
Topic: Just HODL - page 6. (Read 1386 times)
This happened 2days ago, over $600 million has already been loss few days to 2024. Trading is hard and risky while using leverage makes it more risky especially using high leverages. One reason to avoid trading with leverage is that, these traders suffers more in pump and dump Schemes and also market Manipulations especially those traders who trade meme coins and other altcoins which are prone to this.
I consider trading to be no better than the lottery or gambling due to the incomparably greater risks involved. After a couple of successful trades, each trader begins to consider himself smarter than everyone else, but in the end this zero-sum game leads to the fact that someone still ends up at a loss. It is impossible for all traders to be successful.The best bet now is to HODL even if you are investing in altcoin find some trusted ones and HODL while if you reduce risk entirely just stick with bitcoin since we have seen alot of altcoins which fail to meet expectations.
To date, HODL still demonstrates greater reliability than trading, but only if we talk about bitcoin. HODL altcoins almost always leads to losses and therefore, altcoins should be disposed of as soon as it has brought at least some profit.Even if you desire to trade just use spot trading or any other offering less risk while when using leverage use small leverages and don't be too greedy to use stop lost and take profit.
It is more profitable NOT to trade.Also you shouldn't be disappointed or give up in bitcoin or crypto investment if trading hasn't work for you just try to HODL bitcoin or at least do more proper research on the altcoin you choose to HODL while if you are still have desire to trade, reduce the amount you use in trading, try to avoid risk when necessary and continue to learn to improve your skills and knowledge about trading.
Investing and trading are two very different things. 
The best investment strategy in Bitcoin is hold and hold, the rest if you survive from trading that you don't understand the mechanics of well, in my opinion it is not recommended, but if it is for beginners who are still easily carried away by panic by the market situation, according to I think you have to be calmer and wiser in responding to market movements which are basically volatile, the aim of the halving, bitcoin ETF and the latest ATH must be stronger in holding bitcoin and don't be easily influenced by wild speculators.
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If you want to make a quick profit from crypto leverage trading on this highly volatile asset, one of the best ways to make those profits is to multiply your holdings in just a few minutes. If you also want to lose it all, crypto leverage trading is the best place for you, as you can also lose everything with the blink of an eye.
One can even call it gambling and most especially the virtual sports game where you lose all your money in a matter of seconds. Just like you stated, everyone has their different approach to controlling their asset not everyone can do the hold till eternity game because some many crypto or Bitcoin users tend to prefer to double their holding quickly and make go with the profits they have earn knowing fully well the high risk involved. If you want to make a quick profit from crypto leverage trading on this highly volatile asset, one of the best ways to make those profits is to multiply your holdings in just a few minutes. If you also want to lose it all, crypto leverage trading is the best place for you, as you can also lose everything with the blink of an eye.
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True but bitcoin has always been offering lesser risks but some still prefer to invest in altcoins and we know most of this liquidation definitely comes from altcoin and so just better to let them know even in the altcoins HODLing is still better though is just for them to do more research and hope they investing in the right one or just stick with bitcoin.
Also for me, HODLing altcoin as a shorter spam which can be 6 months to 2 years while Bitcoin for as long as you would like.
Also for me, HODLing altcoin as a shorter spam which can be 6 months to 2 years while Bitcoin for as long as you would like.
It didn't take upto 2 years for TerraUSD ($UST), Luna and some other altcoin that were big marketcap altcoins to crash to almost zero. Some altcoins get launched with so much hype and they got rug pulled before the week ended. Hodling alcoins are not better you're not guaranteed any profits with altcoins but you might be lucky with your picks. As said previously, altcoins are pure gamble, Instead of visiting the casinos something I play with some altcoins but I know what I'm doing is gambling and not investment.
When you're talking about proper research, I ask again what are you researching on? When looking at track records of the people involved in the project usually for those with so much potential before it comes to the limelight the price of the tokens are already too high and making profits for mostly the private Investors. Just HODLing should be said with only Bitcoin, you're guaranteed an increase (in some way) when you hodl Bitcoin, without any further development just because of the Halving effect you're set for life but altcoins doesn't have the same assurance.
As far as Bitcoin is concerned, I don't encourage trading, whether for beginners or professionals. If you have hit your maximum stash, then you can think of trading, but for the most part, it's just a hobby, so just hodl.
Even after hitting the maximum stash if there is anything like that, it can be lost within few weeks. Trading Bitcoin has made many people broke, the volatility is just so unbearable and the fastest of computer bots might be confused sometimes with the consequences causing unimaginable damage. I do not agree with your point that trading Bitcoin has made many people broke. Every adult should be able to distinguish between when to stop and when to keep going. So if anyone loses money out of trading, it's not because he or she traded Bitcoin but because they refuse to listen to advice.
The volatility of Bitcoin is one of the features that makes it special or an investment, so for someone trading Bitcoin, he or she should be responsible for his or her actions, not blame the volatility of Bitcoin. Whatever damage is incurred as a result of trading should be solely the concern of the trader.
We have different kinds of people in this crypto industry: those who are just there to buy and sell on a daily basis and go home with whatever profit they can grab, and those who just buy and hold for a long period until the accumulated amount turns out to be profitable to them. There are also those who are leverage traders, which is just the area they focus on and that's profitable to them, and they also run into losses sometimes.
If you want to make a quick profit from crypto leverage trading on this highly volatile asset, one of the best ways to make those profits is to multiply your holdings in just a few minutes. If you also want to lose it all, crypto leverage trading is the best place for you, as you can also lose everything with the blink of an eye.
If you want to make a quick profit from crypto leverage trading on this highly volatile asset, one of the best ways to make those profits is to multiply your holdings in just a few minutes. If you also want to lose it all, crypto leverage trading is the best place for you, as you can also lose everything with the blink of an eye.
In anything you're doing today concerning crypto, just learn to know the advantage and disadvantages that is involved in doing that, taking leverage is not as difficult and risky like making arbitrage trading, we must understand we'll the cons and pros of whatever thing we heard about before accepting to go for such opportunities, some may just be the very reason to wreck us down if care is not taken, we cannot just accept whatever thing we receive from other people online and apply them on ourselves without taking a safety risk measures to ensure they work out for us as intended, in cryptocurrency, I will tell you this first thing to learn how to do things by yourself and avoid centralized institutions.
Currently the best thing to do is HODL. Obviously there is no point dying with your coins unspent but for now it is time to HODL. We are entering a period in Bitcoin specifically where it would be silly to start selling now. We have lots of very bullish events very close. Next week could be specifically bullish due to potentially ground breaking regulatory approvals. Don’t sell any for at least 18 months, the price will be much higher then.
Fine, you illustrated how millions of dollars were liquidated but you also need to understand that people also made millions out of it, in as much as I am holding a good amount of Bitcoin, i still trade because in trading if you are good at it, you are good at price action trading, you will gain more than losing.
Another thing I really kick against is high leverage trading, it's the enemy most trader fail to realize till they have been liquidated.
Another thing I really kick against is high leverage trading, it's the enemy most trader fail to realize till they have been liquidated.
As far as Bitcoin is concerned, I don't encourage trading, whether for beginners or professionals. If you have hit your maximum stash, then you can think of trading, but for the most part, it's just a hobby, so just hodl.
Even after hitting the maximum stash if there is anything like that, it can be lost within few weeks. Trading Bitcoin has made many people broke, the volatility is just so unbearable and the fastest of computer bots might be confused sometimes with the consequences causing unimaginable damage. The title of this thread is simple and powerful and explains the way forward on Bitcoin. Holding is just the way to go and no two ways about it.
True but bitcoin has always been offering lesser risks but some still prefer to invest in altcoins and we know most of this liquidation definitely comes from altcoin and so just better to let them know even in the altcoins HODLing is still better though is just for them to do more research and hope they investing in the right one or just stick with bitcoin.
Also for me, HODLing altcoin as a shorter spam which can be 6 months to 2 years while Bitcoin for as long as you would like.
That makes sense with what you've said. While there are investors that always look forward with the altcoins, that's because how they see the altcoins market to be a good part of this market to take some quick money.Also for me, HODLing altcoin as a shorter spam which can be 6 months to 2 years while Bitcoin for as long as you would like.
As that span is likely how it should be for most of the altcoins that they want to hold. There is no doubt that Bitcoin isn't going to be beaten if it's about the longest term of holding it.
Many even considered it as a retirement fund whilst for some altcoins, maybe ETH is the contender but other than that if it's the reason for holding Bitcoin, it's hard to compare it with some altcoins there.
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Even if you desire to trade just use spot trading or any other offering less risk while when using leverage use small leverages and don't be too greedy to use stop lost and take profit.
I stopped trading about 2 years ago.
Even the Spot trading. What I do now if I start to be attracted by any crypto is just buy and hold it for the long term.It was a very big liquidation that happened two days ago. But it's not surprising in crypto. And it is something expected during the events like ETF. It is always better to HOLD only BTC and USDT(stable coin) during these events. Holding/Trading ALT coins is very risky if you are not HODL it for the Long term.
This is not the first time people are losing a lot of money to trading. Some of this traders gets so confident that they believe in the market 100% to go their own way as planned. Little did they know that the market can take a turn at the unexpected time and still revert back to its normal position after such corrections.
Traders should learn how to use stop loss no matter how professional they are, the market does not know the trade of a professional trader and a newbie trader, when it comes to liquidating a trade, it happens to everyone that has place a trade within that margin.
It is better to hodl if you don’t have enough money that you can afford to lose to trading. If you’re in loss while hodling don’t be compelled to sell because the quantity of your coin will never reduce and with patience it will bounce back again.
Traders should learn how to use stop loss no matter how professional they are, the market does not know the trade of a professional trader and a newbie trader, when it comes to liquidating a trade, it happens to everyone that has place a trade within that margin.
It is better to hodl if you don’t have enough money that you can afford to lose to trading. If you’re in loss while hodling don’t be compelled to sell because the quantity of your coin will never reduce and with patience it will bounce back again.
This kind of thing can be a lesson for those who are just learning to trade. There is a fact that those who experience losses are not only beginners but those with large capital and experience can also experience losses.
There is risk in trading, no matter how much is traded. it is the sum of the limits of our abilities. Don't go overboard, or even sell assets to trade.
we are all looking for profit. but how to profit from trading still requires understanding. holding or trading are choices we can make. The most important thing is to do it with your skills to make a profit.
There is risk in trading, no matter how much is traded. it is the sum of the limits of our abilities. Don't go overboard, or even sell assets to trade.
we are all looking for profit. but how to profit from trading still requires understanding. holding or trading are choices we can make. The most important thing is to do it with your skills to make a profit.
It is necessary we know that Bitcoin has stood the test of time as it's price is meant to fluctuate but that doesn't mean that it's gonna lose it's volatility. So all we need is to hodl our coins and be optimistic that it's future is gonna turn out to our favour. Just hodl as "patience is the stepping stone to Wisdom".
Everybody wants to become a crypto trader, even those with little knowledge. FOMO is one of the reasons for this huge loss because I believe it will happen to the majority of newbie traders who want to make it quick and claim a professional trader, which usually leads to huge losses in trading.Holding bitcoin or a reputable altcoin you believe in after doing your research about it is the best thing to do because if you decide to follow the market movement up just to make it quick, you will suffer and will surely lose some money because you cannot afford to see your wallet go down if you do not take your eyes off the market and hold your coin for long. HODL is the best strategy to employ.
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Also you shouldn't be disappointed or give up in bitcoin or crypto investment if trading hasn't work for you just try to HODL bitcoin or at least do more proper research on the altcoin you choose to HODL
While you're talking about hodling altcoins, I just want to put it out there that they're a gamble. Altcoins don't have the same fate as Bitcoin. You can hold Bitcoin and be guaranteed that you'll make profits when the market is bullish but the same thing can't be said about altcoin and how do you do your research to know which one will do well when the ones doing well recently aren't even the ones we would've called the good projects because I see just projects with good marketing teams doing well irrespective of the projects been trashed.
Also for me, HODLing altcoin as a shorter spam which can be 6 months to 2 years while Bitcoin for as long as you would like.
I haven't done futures trading for a long time because I know that when I do it with high leverage the risk is higher, however it is a big liquidation, people lose their money due to being too hot in doing futures trading, if you switch to spot trading then it is less challenging and rewarding. it won't be as big as futures, again there is a big risk behind that.
ONLY HODL is more appropriate and the best way to do it, let other people ignore our safe investments as long as we stay focused on this goal because after all this is easy investment advice and your assets are not subject to liquidation because they are not traded.
ONLY HODL is more appropriate and the best way to do it, let other people ignore our safe investments as long as we stay focused on this goal because after all this is easy investment advice and your assets are not subject to liquidation because they are not traded.
Inasmuch as I know that most altcoins are just pump and dumps, it is important we just invest and hodl Bitcoin for now because that's the only guaranteed asset with high level of volatility. The real reasons why most people trade their Bitcoin is just out of fear that the market might collapse due to one news or the other that they heard and it's even gonna get worst if spot Bitcoin ETF is not approved because lots of investors more especially newbies may rush to sell their coins with the believe that it's price will start dipping.
It is necessary we know that Bitcoin has stood the test of time as it's price is meant to fluctuate but that doesn't mean that it's gonna lose it's volatility. So all we need is to hodl our coins and be optimistic that it's future is gonna turn out to our favour. Just hodl as "patience is the stepping stone to Wisdom".
It is necessary we know that Bitcoin has stood the test of time as it's price is meant to fluctuate but that doesn't mean that it's gonna lose it's volatility. So all we need is to hodl our coins and be optimistic that it's future is gonna turn out to our favour. Just hodl as "patience is the stepping stone to Wisdom".
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This is one of the reasons why I don't want to trade anymore, especially on futures.
Just imagine, entering a few hours before the dump happens. Imagine those traders who entered a long position, just to see their position get liquidated a few hours later.
Feel sorry for those who lost millions of dollars because of trading, but that's how harsh it is. It doesn't care about your emotions, it doesn't care about yourself. They don't care about you whether you're a newbie or an average trader. As an investor who doesn't want to get stressed much especially when it comes to investing, I already stopped trading when I lost hundreds of dollars and chose to hold than trade. Getting profits might take longer, but that's safer.
Just HODL your assets, and set selling targets. Sell during the bull run, and don't buy.
Just imagine, entering a few hours before the dump happens. Imagine those traders who entered a long position, just to see their position get liquidated a few hours later.
Feel sorry for those who lost millions of dollars because of trading, but that's how harsh it is. It doesn't care about your emotions, it doesn't care about yourself. They don't care about you whether you're a newbie or an average trader. As an investor who doesn't want to get stressed much especially when it comes to investing, I already stopped trading when I lost hundreds of dollars and chose to hold than trade. Getting profits might take longer, but that's safer.
Just HODL your assets, and set selling targets. Sell during the bull run, and don't buy.
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