Topic: Learn from others mistakes. Hodl (Read 3292 times)

Quote from: Victorycoin on March 11, 2017, 05:14:36 AM

Instead of holding it is better to short trade and then rebuy again at dumps. That way you profit without even risking to have not even a little bitcoin on your wallet. It will also ensure that you won't get tired of waiting since you profit from what you hold then you sell it and rebuy it at dumps. Also you can get better profit I think by doing this every time there was a price movement.

i can agree on knowing how there may be a dump, it's easy certain times, like the EFT dump, but how do you know the bottom to buy back, what if you screw it and buy at the double top or something? it's not always that easy, and it is easy tot alk after the thing happened, did you take profit from the last dump? for me it's better to just hold for betetr value and keep buying what you can

anonbit992

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Quote from: BitHodler on March 07, 2017, 09:21:59 AM

Quote from: BitHodler on March 07, 2017, 09:21:59 AM

Instead of holding it is better to short trade and then rebuy again at dumps. That way you profit without even risking to have not even a little bitcoin on your wallet. It will also ensure that you won't get tired of waiting since you profit from what you hold then you sell it and rebuy it at dumps. Also you can get better profit I think by doing this every time there was a price movement.

That's why people are trading and hodling at the same time. It will guarantee that a part of your coins are being put to work, while the other part is stored for the long term.

I just don't understand why people always force themselves to do one thing, while in fact they can do both hodling and trading at the same time. Just think and act smart. Never limit yourself.

I think you got a point there in hodling part of your coins and trading the rest. In the long run it stands to bring in more coins that would have ordinarily been possible with just hodling. One thing though is that some experience and skills would be necessary, otherwise panicking and untimely sell-off would be rubbing off the gains.

A good trader could have made some serious money out of the recent movements not just in bitcoin but also in DASH, ETH and Monero. All the three have appreciated quite well. But you do need to have some skills and experience or you could end up with a loss. It would be better to trade as well as stay invested in some amount of crypto. Perhaps, go for 50% trading and other 50% for investing.

Victorycoin

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Quote from: DarkIT on March 07, 2017, 12:02:04 PM

Instead of holding it is better to short trade and then rebuy again at dumps. That way you profit without even risking to have not even a little bitcoin on your wallet. It will also ensure that you won't get tired of waiting since you profit from what you hold then you sell it and rebuy it at dumps. Also you can get better profit I think by doing this every time there was a price movement.

That's why people are trading and hodling at the same time. It will guarantee that a part of your coins are being put to work, while the other part is stored for the long term.

I just don't understand why people always force themselves to do one thing, while in fact they can do both hodling and trading at the same time. Just think and act smart. Never limit yourself.

I think you got a point there in hodling part of your coins and trading the rest. In the long run it stands to bring in more coins that would have ordinarily been possible with just hodling. One thing though is that some experience and skills would be necessary, otherwise panicking and untimely sell-off would be rubbing off the gains.

Wilhelm

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experience has become something so valuable, especially in a business like this. but, do not hold it too long sometimes makes you so lucky, because chances are, there will be a decrease in price, and it can also be a chance to buy it. Well, it's the same as take advantage of increases and decreases in the price of bitcoin, such as trading.

Yup. Have a goal and get out with a profit. Don't keep on gambling.... GREED KILLS.
I'm in for the long run but have a specific date and price for which I will cash out.

DarkIT

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experience has become something so valuable, especially in a business like this. but, do not hold it too long sometimes makes you so lucky, because chances are, there will be a decrease in price, and it can also be a chance to buy it. Well, it's the same as take advantage of increases and decreases in the price of bitcoin, such as trading.

BitHodler

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Quote from: Teraboy on March 06, 2017, 03:12:42 AM

Instead of holding it is better to short trade and then rebuy again at dumps. That way you profit without even risking to have not even a little bitcoin on your wallet. It will also ensure that you won't get tired of waiting since you profit from what you hold then you sell it and rebuy it at dumps. Also you can get better profit I think by doing this every time there was a price movement.

That's why people are trading and hodling at the same time. It will guarantee that a part of your coins are being put to work, while the other part is stored for the long term.

I just don't understand why people always force themselves to do one thing, while in fact they can do both hodling and trading at the same time. Just think and act smart. Never limit yourself.

Seansky

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Instead of holding it is better to short trade and then rebuy again at dumps. That way you profit without even risking to have not even a little bitcoin on your wallet. It will also ensure that you won't get tired of waiting since you profit from what you hold then you sell it and rebuy it at dumps. Also you can get better profit I think by doing this every time there was a price movement.

Schuyler

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It is a good idea to hold some bitcoins, especially if you have been doing so since the price was at $200. But a part of it must also be used for buying stuff, so it does not defeat the purpose of it being a currency. The FUD over bitcoin is also a thing that keeps me minimally invested at this time.

Victorycoin

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Quote from: erik m. on March 03, 2017, 05:42:52 PM

I think in the long run all fiat currencies will be worth less in the future, because they are centralized and highly inflationary currencies. Considering these aspects, I also feel more secure holding Bitcoin.

It is not true because all of the people around the world is need the fiat currency and we can't erase it from the world. But i think you still need the fiat currency to keep your life too.

Yes the fiats will always be there because they serve the interests of the government, of which Bitcoin looks the other way. It follows that at no point in time would we see the governments fully backing Bitcoin, they understand too well what implication that holds for the fiats currencies. What every bitcoiner must hold paramount is that the survival of Bitcoin is our collective role to play, the government just won't, in fact, if the governments have had their way, Bitcoin would have been straggled by now.

Teraboy

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Quote from: erik m. on March 03, 2017, 05:42:52 PM

I think in the long run all fiat currencies will be worth less in the future, because they are centralized and highly inflationary currencies. Considering these aspects, I also feel more secure holding Bitcoin.

It is not true because all of the people around the world is need the fiat currency and we can't erase it from the world. But i think you still need the fiat currency to keep your life too.

HabBear

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Quote from: eternalgloom on March 02, 2017, 04:21:49 PM

I'll just sell some Bitcoin when the price goes down again and buy when it goes up.
There's no reason for me to just hold them without earning some extra Bitcoin with the capital.

I believe you mean sell while it's up and buy when it goes down again.

When the price pulls back...don't be sore, buy some more!

Dimelord

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In 1976 Ronald Wayne sold his 10% share in Apple computers for $800. If he had held his stake today it would be worth $60,000,000,000 (60 billion). This why i will never sell my Bitcoin for fiat, i'll keep it till i dont have to. Cool

Quote from: European Central Bank on March 02, 2017, 01:30:21 PM

Yes, Bitcoin is the digital gold.I would personally advice every one to hold their bitcoins as we are the early birds to this bitcoin world.Late comers would definitely regret for them being late to this digital gold.But who are running out of their expenses, they could not hold bitcoins.Hope bitcoin holders would be millionaires in the future.

Victorycoin

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Quote from: yellow1 on March 02, 2017, 01:10:28 PM

We cannot tell that to those who earn bitcoin like in signature campaigns here to pay their bills. I hope everyone hold as well because of the rise in price but its not true to others.

i've seen enough people writing about what they do with their sig campaign earnings. alot of them are squandering it immediately on buying games and stuff.

i fully support people who are participating a bitcoin economy, but damn that is a wasteful move that'll haunt them in the years to come.

Well in an economic sense, all those activities can equally be said to be a participation in the Bitcoin economy. There has to be buyers and sellers at every point in time in any market to provide the necessary volume and liquidity, without which a market could lose its appeal. All bitcoiners cannot simply hold tight to our coins till it gets to the moon because that's what stands in the way of sustainable growth.

Teraboy

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Quote from: erik m. on March 03, 2017, 05:42:52 PM

I think in the long run all fiat currencies will be worth less in the future, because they are centralized and highly inflationary currencies. Considering these aspects, I also feel more secure holding Bitcoin.

But it seems bitcoin will be semi-centralised in the future. I don't think if all of the cryptos are centralised. But what's your aspect to make a conclusion about the centralised of a crypto?

BitHodler

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Quote from: Red-Apple on March 04, 2017, 07:12:22 AM

In 1976 Ronald Wayne sold his 10% share in Apple computers for $800. If he had held his stake today it would be worth $60,000,000,000 (60 billion). This why i will never sell my Bitcoin for fiat, i'll keep it till i dont have to. Cool

this is a pretty interesting comparison between bitcoin and Apple shares. and it is actually a comparison that i used a couple of times before too.
although i don't like the idea of never selling. i am always buying bitcoin and earning more at the same time but i also sell some, for example if i win something in a dice game or when i am paid i withdraw some of it and convert to fiat to use and hold the majority of my coins.

It's impossible for people to never sell. They either trade or use their coins to purchase something. If you fully utilize the possibilities that the volatility is offering, then you can put your coins to work in form of trading.

Our main task is to increase the number of coins that we have, right? At least, mine is. In order to do that, you take advantage of the occasional pumps and dumps that the market is experiencing from time to time.

If I just focused purely on hodling without trading from time to time, my coin count would probably be 40-50% lower than what it is right now. That's why I never see dumps as something negative. It's an opportunity.

Red-Apple

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In 1976 Ronald Wayne sold his 10% share in Apple computers for $800. If he had held his stake today it would be worth $60,000,000,000 (60 billion). This why i will never sell my Bitcoin for fiat, i'll keep it till i dont have to. Cool

this is a pretty interesting comparison between bitcoin and Apple shares. and it is actually a comparison that i used a couple of times before too.
although i don't like the idea of never selling. i am always buying bitcoin and earning more at the same time but i also sell some, for example if i win something in a dice game or when i am paid i withdraw some of it and convert to fiat to use and hold the majority of my coins.

maydna

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it is always a good lesson for us if we can learn from others mistakes and i think it would give me some good information that if there are ane new thing that come to me, i would not getting to fast giving a judge and it will be good if i am thinking more deep about the information so i am not make any mistake like what Ronald Wayne do with his shares in apple. and if this is related with investment with some company, i think we deserve to thinking for a while before we made decision because its related with our future in that company too. thank you for good informations and i will listen and considering this as my lesson too.

CraigWrightBTC

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In 1976 Ronald Wayne sold his 10% share in Apple computers for $800. If he had held his stake today it would be worth $60,000,000,000 (60 billion). This why i will never sell my Bitcoin for fiat, i'll keep it till i dont have to. Cool