Topic: Perspective about HODL. - page 2. (Read 3248 times)
Holding without any good look into the market and it's possibility can end up to be a share waste of time. Holding the wrong coin is what any investor would want to avoid so before you decide to hold make sure you would have to your research
I like the earnings that bitcoin trading gives, but it's really a very risky business. I once tried to trade, but I'm not very good at it, so I adhere to the strategy of long-term investment. So much easier and more lucrative to make money with cryptocurrencies.
Lol. Thanks for this story dude. HODL is already a meme for the all crypto community. And it's very good to know the history of this meme.
So from one little typo was born what is used by thousands of people around the world. I do not want to talk now about the advantages and disadvantages of the holding strategy. This is only choice of everyone in this forum. But the story is cool, thank you.
So from one little typo was born what is used by thousands of people around the world. I do not want to talk now about the advantages and disadvantages of the holding strategy. This is only choice of everyone in this forum. But the story is cool, thank you.
Hodl strategy doesn't always work with every coin. We should only hold good coins that are worth holding like BTC, ETH. Holding shitcoins that are worthless will lead us to heavy losses.
I agree with your opinion, not all coins are qualified for long term holding and there are only few of them that will surely you good return after holding it. Many low quality coins will become zero value in the future abd they are probably candidates for delisting from crypto exchanges. Before investing, it is proper to make a research first on a coin you are planning to buy. Hodl is good for any coin that has the potential to go up or rise up beyond what is expected.
There must be many who are aware of the potential of the hodl because as you say the hodl will not always get great benefits but it can apply if we are Bitcoin holders in 2014-2016 maybe we can say the hodl will get big profits and have been proven at 2017 prices with highest achievement in Bitcoin. But for new players entering Crypto in 2017, of course that can't be applied especially if we look at the bear market during 2018 and come back again if we buy coins at the end of 2018 and maybe the word Hodl can be applied again.
Actually hold is something that is always done by everyone in investing, as far as I know they will still hold if possible will get a profit or at least see that price movements will experience some increase in the future. But if they see a situation that will cause losses and the opportunity to hold will be at risk, then of course they will not survive and will sell. So in principle holding is surviving and seeing the opportunity to make a profit.
Hodl strategy doesn't always work with every coin. We should only hold good coins that are worth holding like BTC, ETH. Holding shitcoins that are worthless will lead us to heavy losses.
Its true, different coin should be different strategy because have different fundamental. Hodling strategy only can implemented in good coin with big daily volume transaction and already have working product. Many altcoin in market are pump and dump coin and its not worth to hold for long term.
For me it is not a good move if we hold coin in the market, the reasons are first before you become a successful holder there are some projects to be released with the same purpose, second most of the alts in the market does not have chance to prove themselves because investors does not want to invest to a coin that the ICO has done already for a long period of time.
When I first saw the word "HODL" when I am just a beginner or newbie from this forum, I thought that you are all guys have wrong typo. I tried to doubt about it when I saw a lot of this word used from different cryptocurrency sites and that's when I tried to search about it. Then I finally found out that HODL is really the word itself. I can even distinguish crypto holders from social medias when they are saying they are hodlers and they hodl. The word really has a great impact to digital currency community.
However, the origin of the word has nothing to do with its meaning. All holders of the cryptocurrency to some extent, patient and emotionally moderate folks. Holding cryptocurrency and long-term investment is really a very tedious task that requires a lot of attention.
I am not a supporter of this strategy because it has destroyed so many market participants
What do you mean by that? you are supporting it because you have witnessed other investors to get destroyed? I think that's a wrong way to introduce your support to a thing if it is harming others. 
People just can't wait, as cryptocurrencies were completely speculative. It takes time to grow high with regards to the circulation happening through different forms. This at times gets affected when whales manipulate with large volume of funds. By those instance the price fluctuation will be high. This will be the time where people lose the patience and sell it. This will further cause drop in value. Users who withstand longterm are the profit makers from cryptocurrency.
As far as I understand that hold is staying patient, wait and don't panic with the current market situation, don't sell if you haven't gotten a profit. That is an understanding that I can give for what you express, because for me, investing requires intelligence and patience and a good understanding of what we invest, so we can avoid the risk of losing and always win even in small amounts.
That is basically the reason why people in this forum has come together and have been talking and sharing ideas. Long term is a good choice for the young investors who are strong willed and are able to hodl for the next 20-30 years at least. Be busy with your normal lives and keep stocking crypto in your pockets as life goes on. The end result will be very fruitful. 
Sometimes it seems to me that the whole cryptocurrency is based only on one faith of those who keep it. Inviolable storage is like a kind of rite 
After all, many understand that in such a long time (20-30 years) they will become millionaires. But still going through. Even now, in such a shitty market, there are situations when coins make their investors millionaires. Cryptocurrency potentially provides financial independence to those who believe in it. 
I am still confident that investing in the long term in the cryptocurrency market is a very good idea.
That is basically the reason why people in this forum has come together and have been talking and sharing ideas. Long term is a good choice for the young investors who are strong willed and are able to hodl for the next 20-30 years at least. Be busy with your normal lives and keep stocking crypto in your pockets as life goes on. The end result will be very fruitful. I agree. A lot of ideas has been released with just different names of the altcoin. Those coins are just doing the same and effective marketing is the only way to make their project survive and of course continuous progress.
Effective marketing does not come into the effect of HODL. I dont think thats relevant to this discussion. Properly marketing something does increase the demand and generate the growth but thats for those who are going to exit soon and not hodlers.
When I first saw the word "HODL" when I am just a beginner or newbie from this forum, I thought that you are all guys have wrong typo. I tried to doubt about it when I saw a lot of this word used from different cryptocurrency sites and that's when I tried to search about it. Then I finally found out that HODL is really the word itself. I can even distinguish crypto holders from social medias when they are saying they are hodlers and they hodl. The word really has a great impact to digital currency community.
When i first came here everytime i am reading that HOLD word specially when typed in all Caps lock i thought that there’s something meaning inside this,not until I figured out that this is only a typographical error at first before becoming a popular word.
Hodl strategy doesn't always work with every coin. We should only hold good coins that are worth holding like BTC, ETH. Holding shitcoins that are worthless will lead us to heavy losses.
Nothing in this world that everything i perfect so even if your holding you must have learn about the risk of losing in future Hodl strategy doesn't always work with every coin. We should only hold good coins that are worth holding like BTC, ETH. Holding shitcoins that are worthless will lead us to heavy losses.
Its true, different coin should be different strategy because have different fundamental. Hodling strategy only can implemented in good coin with big daily volume transaction and already have working product. Many altcoin in market are pump and dump coin and its not worth to hold for long term.
I couldn't agree more, there are many coins that are just not going to make it; you can tell from the onset and so holding them is not going to end well that is why one ought to invest in the right coins especially the ones with reputable developers and proper working product.
Hodl strategy doesn't always work with every coin. We should only hold good coins that are worth holding like BTC, ETH. Holding shitcoins that are worthless will lead us to heavy losses.
Its true, different coin should be different strategy because have different fundamental. Hodling strategy only can implemented in good coin with big daily volume transaction and already have working product. Many altcoin in market are pump and dump coin and its not worth to hold for long term.
For me it is not a good move if we hold coin in the market, the reasons are first before you become a successful holder there are some projects to be released with the same purpose, second most of the alts in the market does not have chance to prove themselves because investors does not want to invest to a coin that the ICO has done already for a long period of time.
I agree. A lot of ideas has been released with just different names of the altcoin. Those coins are just doing the same and effective marketing is the only way to make their project survive and of course continuous progress.
Hodl strategy doesn't always work with every coin. We should only hold good coins that are worth holding like BTC, ETH. Holding shitcoins that are worthless will lead us to heavy losses.
Its true, different coin should be different strategy because have different fundamental. Hodling strategy only can implemented in good coin with big daily volume transaction and already have working product. Many altcoin in market are pump and dump coin and its not worth to hold for long term.
For me it is not a good move if we hold coin in the market, the reasons are first before you become a successful holder there are some projects to be released with the same purpose, second most of the alts in the market does not have chance to prove themselves because investors does not want to invest to a coin that the ICO has done already for a long period of time.
Hodl strategy doesn't always work with every coin. We should only hold good coins that are worth holding like BTC, ETH. Holding shitcoins that are worthless will lead us to heavy losses.
Its true, different coin should be different strategy because have different fundamental. Hodling strategy only can implemented in good coin with big daily volume transaction and already have working product. Many altcoin in market are pump and dump coin and its not worth to hold for long term.
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.
patience is always a virtue and yes, due to the happenings of the market right now which most of us don't actually like the flow of the prices, that's why most of us also are getting scared and it ends into selling their coins, because they're afraid they will lose more if it keeps on falling. having a thought of waiting the market to recover is not actually a nonsense it matters on you if you're thinking for long term investment actually we all know the risk but the fact that we can earn bigger profit if we still holding these coins and wait till the time when it will rise up again it can doubled our money that we invested. Jump to: