Topic: Know when to stop a HODL/HOLD - page 35. (Read 41101 times)
As for me, it is easy even if you have losses, because crypto is firm as steel and it has no chances to be cheap
In the world of cryptocurrency, buying and selling coins/tokens in the right time will give you huge profit once done correctly. We have to know our limit in terms of holding our coins, now if you see that your coin has a high potential growth probably holding your coins/tokens is your best choice.
I will never stop holding honestly, doesn't matter what the price is because I am both holding and cashing out at the same time.
I make money from bitcoin so I get paid in bitcoin and when I get paid I cash the most of it out and keep small number in there, which means when I get paid like 100 bucks I cash out like 90 bucks of it and keep the 10 bucks of it from that payment.
This means I still cash out at the highest prices and lowest prices but I also have money saved aside during the bear and bull as well. I keep that until I want to buy something and when I have enough money to actually buy what I want I cash it out and start saving again. So there is no stopping on holding for me.
I make money from bitcoin so I get paid in bitcoin and when I get paid I cash the most of it out and keep small number in there, which means when I get paid like 100 bucks I cash out like 90 bucks of it and keep the 10 bucks of it from that payment.
This means I still cash out at the highest prices and lowest prices but I also have money saved aside during the bear and bull as well. I keep that until I want to buy something and when I have enough money to actually buy what I want I cash it out and start saving again. So there is no stopping on holding for me.
Everything has its time , and even HOLD . Holding the coins you need to also monitor its movements. Because it can and will not grow forever , and you need to catch the highest wave of prices. Just watch from time to time
I agree with you in part. But if you are involved in cryptocurrency and are suffering loss, then what is there left for you except for holding? You may sell off your all holdings when you do not care about loss. So in that way, holding is most important in cryptocurrency. Patience is the key in it. So wait, wait and wait until coin prices go higher.
Every day it's tempting to spend any speculative transaction, expected traffic altcoins for any news, but just afraid to make things worse)
Yep, so many horror stories of people hodling absolute trash coins until they reach approximately $0 value. People need to understand that the hodl mentality really only works for the very strongest of coins such as Bitcoin, Ethereum and perhaps EOS, Cardano and a select few others. Not every trash coins is going to grow to insane height, so if something dumps beyond the point of recovery (e.g. 1/10th) value, then exit your position and cut your losses.
I do not have much experience in exchanging. So I choose holdings, this may be true or false. But I still prefer to hold more.
Holding is the safest way to make money but it needs to be careful in analyzing and checking trends of your cryptocurrencies. Not everyone here follows these rules.
Yeah you are saying true but for holding I can say that people advice newbie just because they are not aware by technical issues of the market so it's better for them to hold inspite of facing the loss beginners have to learn first then invest their income in crypto market it's good for them. And to hold it's better then loss.
Yes, time for stopping has to be 'in time' when prices will be good for selling and you will be calm about your holding money without loss and minuses with costs.
Newbies can easily be influenced from what they hear from speculations.. I've read several times people tend to advice to hold long term. because its easy for them to say JUST HOLD cause theyre not the one losing! For me its not all about holding, its being smart about your own invesment know when to stop and cut the losses.
What are your thoughts?
the invitation to HODL is only a word to influence people, because it is expected that people can decide what to do. I am sure everyone has their own strategies to survive on cryptocurrency including in terms of HODL or selling. What are your thoughts?
hodl is actually a very profitable method. The main problem here is to decide when to buy. If you buy at the wrong time, you can do great harm in a short time.
they should learn when to sell and hold the coin depending on the conditions and situations of the market not just by listening to someone telling them to hold
There is simple rule of the market. Sell when market is high and buy or hold when the market is low. People get panic when they have to hold and loose their investment. When the market rises , you can stop holding the coin and sell it.
I wonder why most of the time,people of try to put fear in newbies to sell all coins and try to finalise that there is no need to hodl.Its time newbies take bold decisions.
In my opinion holding Btc is not always wise. Every investor must know when to hold or not do do so. One has to know when to hold or not is according to the market condition.
I believe HODL word is not a just word for holding coins for few days or few months. And also HODL doesn't gives us profit very easily. It means we have to bear on this kind of situations also. we don't lose until we sell the coins. So if we are holding a coin which has good concept and team it will gives us lot earning in next market cycle.
I think it’s good to sell 50% and keep 50% for hold. This can help one from a lot of potential losses. Beside that one person should keep in mind that not all coins are suitable for long term.
Crypto market is always volatile. Newbie’s feel confused when to buy or sell. The best thing is hold for a long time, because after a certain period market will return to its stable condition.
Jump to: