Topic: Long term hodl ! What a joke - page 14. (Read 1567 times)

I think a lot of people choose to hold on for a long time because they expect that the bullrun that happened in 2017 will be able to happen again, but when it will happen again we don't know it and it is true that you say that this is a world of cryptocurrency and who can survive in any condition is the winner, we don't need to focus on holding in the long run, when we have made a profit then sell it and don't be too greedy.

Not everyone is good at predicting the ups and downs of the market therefore the best they can do is to hold the coins they have invested in. Selling high with the hopes of buying when the price falls aren't usually the case immediately, most times the price will keep increasing which might result to your fomo into the market.

Personally, I do not think it's a joke but it's true the Altcoin have become very volatile especially with the dominance of the BTC

this entire f*cked up market needs long term holders. They encourage it. Why? Because if you know for a fact the there is a variation that you can calculate on how much coins are bought and sold and how many will not do anything just hold, you can calculate your error with good margins.

For example: I know for a FACT that there is a HUGE resistance in the 200$ range for ETH. And A BIGGER ONE in the 235$. Both two used to be supports, now are big resistances for bulls. This means that whenever ETH gets there, the most possible thing that will happen is that it will dump. So you can be pretty sure that selling in the 200$ means profit.

Now, imagine you've sold at 200$, and you want to buy the same amount and keep the profit right? Now, ETH is tricky here, because there is not a base-line. Bears are pushing and crashing down the market of ETH making it totally difficult to predict where it will stop. But you can be pretty sure bears will not let you go above 200$.

Make a guess. You can be fearly confident that prices of ETH will not dump in to the sub-100$. At least, there is not a single TA that i've seen that says that. But...on the contrary, i've seen TA for BTC going to 2,5K , or even lower.

Long term holding is not profitable anymore. Sharks, whales, aggressive traders and marginal traders are making money in the moving averages of the scale. almost everyweek they garantee themselves 10% profit if they are on the spot. 5% is a bad weekly result for them. So take a guess who is winning with this.

 

It's funny to read your message. Doesn’t it seem silly to you to write "why you cannot sell at the peak and buy back from the bottom"!? Let’s imagine that everyone would do it and it would work out for everyone. If this were so, then the manipulators would not be able to earn money and would leave the market, I think that then the price would roll to the floor of the market. After all, they create a price on the chart, and we just go with them with the flow, I think that only the lucky ones sell from the top, and buy at the very bottom.

If everyone was able to estimate the price easily, believe me it would be everyone's choice to sell from high then get from below. No matter how knowledgeable you are, you can not estimate. So, instead of playing with these changes, the majority chooses to hold for a long time. There is no effort or psychological fatigue here. All you have to do is buy and sell when the time comes.

You said it right. I also to lose money because of this mistake. But now I've really learned from it. Long-term holding may not always be relevant.

Hodling and cost-averaging should turn out fine over next few years provided you are hodling bitcoin and other top ranked coins. The prices will eventually go lot higher than the 2018 top.

To some extent You are right, but how to determine the peak?To sell at the peak and buy at the bottom, you need to have a huge intuition, which alas, many simply do not.

There should be an end for everything and must not hold forever, you must still need to watch the market. There’s no wrong about holding, that’s a good strategy but i agree that holding must still be depend on the market trend and if you know how to buy and sell you can earn more than holding. Now is the time to buy more and hold short term after this because for sure the market will rise again.

Hodling has always been the best Investment strategy especially when you hodl for long term. Among all the existing cryptocurrency, bitcoin is the only coin I can bodly advice a cryptocurrency enthusiast to hodl. It has proven time without numbers that it's an asset you can rely on yearly to produce results. If I'm not mistaking, out of the 10 years of its existence only ones has it produce a negative outcome from how the price was at the start of the year. Even in the bear market, bitcoin always finds a way to produce positive outcome supposedly you bought at the beginning of the year and sold at the end, that's a one year hodling period.

Altcoins on the other hand, their hodling positive results aren't gauranted that's why I engaged them via trading for profit. If you aren't skilled and equiped to outsmarting the market it's in your best interest to avoid trying to do what the OP has just suggested, it'll definitely end badly.

You're talking about long term holding and you make a statement like this? 

If you truly are a long term holder of bitcoin, you aren't concerned about times like these when its value drops $500 or however much it fell over the course of a few days.  You're focused on its price months or years from now, not short term movements.  That's the whole point of long term investing.

Since what I described more or less applies to myself, I am not panicking about the price.  It could fall even further and it would not faze me in the least and in fact if I had some disposable income I would even be buying as much as I could.

We have seen so many success stories of Holding long term, I don't know what you are basing your point on, the most important thing is to be convinced you are into the right project you can't just hold any obscure tokens and thing it would gained value overtime

How can you determinate that there is peak and that there is bottom. Yes you can determinate that now for past but at that time. Also the exact peak and exact bottom is a moment in time. Not to mention you need to have offers set on exchange so the one that bought at top buys from you and no one else. And that the one that sold on bottom sells exactly to you and no one else.   Why you believe you are not to be one of those sellers at bottom and buyers on top? There should be same chance to be so unlucky as are chances to be lucky to do as you plan to.

I think long term holding is a good strategy, but it has drawbacks. I think that you need to hold one part of the cryptocurrency and use the other part for trading.

It sounds wise what you're saying but after the battle, anyone can be a general as my local saying goes. Of course you're regretting now that you didn't sell at 13k or even 19k (talking about bitcoin, for altcoins insert different numbers). But the real question is, what to do now. Sell because you plan to buy back lower, or hodl because there was a bottom today and the only way is up? Tell me what you gonna do smart guy.
I'm hodling because I think there won't be much lower prices and it would be stressful to wait for the right moment to buy back.

But it may go up too, even skyrocket and reach new ATHs so, I don't think many people are willing to take the risk of dumping their bags now when there's a chance of seeing a recovery very soon (same odds of seeing yet another drop).

The fact that you're saying this makes me think that you've been in this market for less than a few months or weeks. If only it were that easy to spot the "peak" as well as the bottom...Maybe you can stop being a smart ass and start lending us your crystal ball so that we can know exactly when to buy and sell cryptos to make insane profits, huh?

What a great advice you're giving to the community: buy low, sell high. I bet no one has ever thoght about this strategy before.

This is what people mostly said in 2015-2016 while bitcoin fell from 1k to $200... Do you remember what happened in late 2017? It went to $20k. Something similar will happen again and if you don't want lose your biggest chance to get rich this time, I suggest you to buy & hodl. Remember only 6 months left to the halving.

It is true that many people's mistakes hodl long-term not in time, hodl Long-term  people at the time of bearish it is a big mistake if the market like this  trading using a scalp or mid-term strategy because at being bearish we should not be too long hodl coin

I think that it is a good moment to make your investment. The market runs in cycles and sooner or later, we would face another altseason and people that refused to buy ETH to 150 bucks will regret about their decision in the future.