Topic: Perspective about HODL. - page 3. (Read 3248 times)

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.

Maybe your opinion is right, investment in bitcoin is different from other investment places such as investment in land or real estate, I am sure both of these investment places will provide large profits for everyone who chooses long term investment. Unlike investing in bitcoin, everyone is still confused about the future of bitcoin, especially the regulatory issues and functions that can be used by the public when accepted by various countries. The number of cryptocurrency so far is very much not only 100 coins, so there are many opportunities for each country when he wants to adopt one of the coins legalized in their country.

Hooodl can take us two paths. one to glory and stars and the other to despair and empty pockets. The main problem is whales they need profit they can do anything just for there gains. Tomorrow they may say bch is real bitcoin. If BTC continues falling in 2019 like this it will be disaster for btc and altcoin holders. Atleast now BTC Bulls/bears/exchanges should understand this and must stop manipulating .

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/

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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 

I don't know if HODL is right or wrong, but now I have no choice, what else can I do besides HODL?

When the cryptocurrency in the hands suffered a big drop, selling them is meaningless to me. All I can only continue with HODL.

This is the situation for most of us now. We cannot change the weakness of the market, but we should maintain the necessary patience.

Hodling is just another term for long-term investing, and with long-term investing you should be 100% sure that you are making the right choice. If you don't do extensive and intelligent research (reading a few articles and discussions doesn't count), you are not investing, you are gambling, and the odds are really bad, because most altcoins are doomed in the long run, the world doesn't need thousands of coins, most users won't use more than 1-3 coins. Also most of those projects are some sort of a scam where no promises will ever be delivered. So, for newbies the simplest and most effective thing is to hodl Bitcoin, since it's 100% not a scam and it has the smallest chance to fail because it has the best developers in the world.

Its wise to HODL only coins and token you are sure will survive for years and mean business in what they do ,with good roadmap and serious team behind the project then nothing can go wrong so do some serious research before you decide to HODL.

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.