Topic: Perspective about HODL. - page 13. (Read 3248 times)
Well there's nothing wrong with hodling because we know market will recover. but yes the thought of waiting for the market to recover is nonsense when we can exchange it with a coin that has potential to increase realtime or in a shorter period. Hodling is ideal only if you are a busy person and don't have time to check the market every now and then and you choose to let your coin sit for long.
Interesting never knew its short form of “Hold on for dear life” lol, how are you so sure about the post screenshot though? good information.
Actually Before I comment on HODL or no HODL, I need to say it depends how you purchased the coin and at what price.
Suppose I purchase something at $100, it means I am confident on my research that its price is $100, if now market start trading at 90$ and my research still says it is good at $100, then I will HOLD. If I now come to some new facts that make me believe that it actual price $80. then I will sell at $90 at once.
Suppose I purchase something at $100, it means I am confident on my research that its price is $100, if now market start trading at 90$ and my research still says it is good at $100, then I will HOLD. If I now come to some new facts that make me believe that it actual price $80. then I will sell at $90 at once.
What is HODL?
The very first time the term HODL appeared on the Bitcoin talk forum was in 2013 and came from a member named GameKyuubi under the thread “I AM HODLING”.
From the look of the post, he was drunk and wanted to convey the fact that he was holding his BTC despite the serious fall that had just happened.
Since then, this misspelled term became very popular in the Bitcoin and cryptocurrency world. Whenever a person says in a conversation that he/she is hodling or suggests to hodl, it means that they believe their coin will be profitable one day, if not today.
So basically, “HODL” was originally a typo which has now popularly earned the status of a humorous backronym:
“HODL” – “Hold on for dear life”
Kwatwani, S. (2018, February 2). What is "HODL" in the Cryptocurrency World? + Must Know Cryptocurrency Terms [Web log post].
Retrieved from https://coinsutra.com/hodl-popular-cryptocurrency-terms/
So let's cut now the history of the term. Well I want to share to you my perspective about the HODL strategy, We were all a newbie once in everything like the cryptocurrency, trading, mining, investing, etc. Most of us chooses the path of being a trader either a full time/part time, day trading/long term holding.
Most of us experienced the markets bears and bulls and as a newbie we're seeking for a right answer and most of the answer we've got from different peoples, articles and videos online is the term "HODL" and they said that it is the best way to do whenever there's a bear market, is it the right thing to do?
At first I believe in that saying because I don't have any knowledge about cryptos but after being having an experience in this forum, trading and investing to ICO's I just realized that it's not always the best way or the best strategy in cryptocurrency industry, in my case whenever there's a bear market I am analyzing the market and there's a time that we need to cut our loses and study different cryptos in the market wherein we can take advantage and earn more rather than waiting for a long time until the market recovers.
Well, the only disadvantages I've seen so far is that if your analyzation is wrong and you've invested to a wrong coin.
Just like what I've said not all the time HODL is the best, we should consider other strategies as well. This is all according to my own perspective and opinion, I would be glad if you will give yours
The very first time the term HODL appeared on the Bitcoin talk forum was in 2013 and came from a member named GameKyuubi under the thread “I AM HODLING”.
From the look of the post, he was drunk and wanted to convey the fact that he was holding his BTC despite the serious fall that had just happened.
Since then, this misspelled term became very popular in the Bitcoin and cryptocurrency world. Whenever a person says in a conversation that he/she is hodling or suggests to hodl, it means that they believe their coin will be profitable one day, if not today.
So basically, “HODL” was originally a typo which has now popularly earned the status of a humorous backronym:
“HODL” – “Hold on for dear life”
Kwatwani, S. (2018, February 2). What is "HODL" in the Cryptocurrency World? + Must Know Cryptocurrency Terms [Web log post].
Retrieved from https://coinsutra.com/hodl-popular-cryptocurrency-terms/
So let's cut now the history of the term. Well I want to share to you my perspective about the HODL strategy, We were all a newbie once in everything like the cryptocurrency, trading, mining, investing, etc. Most of us chooses the path of being a trader either a full time/part time, day trading/long term holding.
Most of us experienced the markets bears and bulls and as a newbie we're seeking for a right answer and most of the answer we've got from different peoples, articles and videos online is the term "HODL" and they said that it is the best way to do whenever there's a bear market, is it the right thing to do?
At first I believe in that saying because I don't have any knowledge about cryptos but after being having an experience in this forum, trading and investing to ICO's I just realized that it's not always the best way or the best strategy in cryptocurrency industry, in my case whenever there's a bear market I am analyzing the market and there's a time that we need to cut our loses and study different cryptos in the market wherein we can take advantage and earn more rather than waiting for a long time until the market recovers.
Well, the only disadvantages I've seen so far is that if your analyzation is wrong and you've invested to a wrong coin.
Just like what I've said not all the time HODL is the best, we should consider other strategies as well. This is all according to my own perspective and opinion, I would be glad if you will give yours
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