Proof - The long Hodl - page 3. | Bitcointalksearch.org

Innocant

sr. member

Activity: 1414

Merit: 260

Quote from: Inspiron14 on November 18, 2020, 04:29:12 AM

said HODL is useful if your coin is a coin that has strong fundamentals, such as Bitcoin, Ethereum or Ripple,
if you HOLD shitcoin, of course you will experience a long REKT, there are still many good altcoins and have not recovered,
unfortunately altcoins are still waiting for momentum for pump.

Ill think no one can hold a shitcoins for now but sometimes we only shitcoins from the airdrop holding until become a shitcoins.
The strong coins are one of you said like bitcoin, etherium and ripple and there are some coins also are have strong fundamentals and they are belong in a top list of the market and some of them are not listed yet.

rijaljun

sr. member

Activity: 1274

Merit: 267

Long HODL won't make an assurance that you will gain profit out of it and sometimes you may miss some good opportunities to earn. We have different experience about it but for me I find it not good.

Cnut237

legendary

Activity: 1904

Merit: 1277

Quote from: durilup on November 18, 2020, 05:00:08 AM

Even though bitcoin had a huge dump from $20k to $4-5k after 3 years we are almost back at the same price

This happens again and again. 2017 to now is just the latest cycle. Look at the historic price charts, but use a log rather than linear scale. Because we've had order-of-magnitude price changes over the years, previous cycles are not visible on a linear scale, they're smeared to a flat line. But on a log scale they become startlingly apparent. Each high is higher than the last, each low is higher than the last. Bitcoin is often described as volatile, but the more you zoom out to a longer-term view, the clearer the pattern becomes. Log scale is crucial for understanding historic behaviour.

kryptqnick

legendary

Activity: 3248

Merit: 1402

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Quote from: BADecker on November 17, 2020, 06:15:36 PM

But the bigger question is, if you hodled all this while, are you going to act like a scared bunny, and take your money out when it reaches $20,000 again in a week or two?

Cool

I wasn't able to hodl that long due to financial reasons, but I'm not planning to cash out everything when the price goes to $20k and I'm not cashing it out now. I try to cash out some BTC regardless on the price, but based on when I actually need this money for stuff. If I could use BTC directly to buy food or pay the rent, I would do that too. I don't look at Bitcoin as an investment; I want to look at it as money, but unfortunately there aren't ways for me to use it properly as money.
I don't know what to expect from the current bull run, so it's easier for me not to expect anything. If the price goes up to $20k, I'd be glad for Bitcoin, but if it goes back to $10k, I'd also be fine with that.

durilup

full member

Activity: 338

Merit: 101

Many new comers into crypto world that are starting to invest for their first time their minds are so easy to get manipulated by news . Even though bitcoin had a huge dump from $20k to $4-5k after 3 years we are almost back at the same price . For a very long term investment bitcoin would be a good investment . Remember that in 2017 market cap was $850.000.000.000 and now is $500.000.000.000

masterrex

full member

Activity: 1820

Merit: 107

Quote from: aoluain on November 17, 2020, 02:50:53 PM

Anyone who was into crypto this time 3 years ago
will remember the run up to the ATH of $19783.

It was a wild time in December of that year, there
were big gains made and alternatively a lot of losses
where some people FOMO'd in close to the ATH
and either sold at a loss or are still holding what they
had back then.

How many had the forsight to HODL what they had
for the next bull market, which is now?

I would say, not many!

Eventhough we (the positive) have been preaching
about the long haul and a look to the future.

These times are proof that when you buy high, not panic and HODL for the future is rewarding

How Ironic my friend, for me that was only an excuse, But today I believe things have changed, because many crypto investors are aware and already learned from the mistakes of the past. because if we compared the market statistics today, at this Bitcoin price level those top-ranking cryptocurrencies should be skyrocketed by now but as we see it today it didn't happen so what's the reason? let's find out.

Inspiron14

full member

Activity: 1064

Merit: 101

said HODL is useful if your coin is a coin that has strong fundamentals, such as Bitcoin, Ethereum or Ripple,
if you HOLD shitcoin, of course you will experience a long REKT, there are still many good altcoins and have not recovered,
unfortunately altcoins are still waiting for momentum for pump.

Cnut237

legendary

Activity: 1904

Merit: 1277

Selling at the peak and then re-buying at the lowest point obviously gives you the biggest gains, but is easier said than done. Just holding is certainly a reasonable strategy if you're - as most of us are - in it for the long-term, and hope to see bitcoin change the world.
My intention this time is to sell a proportion once I think it is about to peak, and then re-buy later... but I'm too risk-averse to sell it all.

meanwords

full member

Activity: 1624

Merit: 163

Quote from: aoluain on November 17, 2020, 02:50:53 PM

These times are proof that when you buy high, not panic and HODL for the future is rewarding

You really can't say that because 3 years is a lot of time and imagine the business opportunity you could have made if you didn't lose a lot of money during the 2018 dump. What if you want to buy some DeFi projects that you think will pump but your money is stucked in BTC? then you'll lost potential profit.

The Cryptovator

legendary

Activity: 2408

Merit: 2226

Signature space for rent

I have to admit I failed to HODL. Because during the last bull run in December 2017 I hadn't sold my portfolio. When it was a dump then I had tried to recover my funds by trading, I mean I was an attempt to increase my BTC portfolio. But I am regret, I bought a few obvious shit coin and lost everything. Even I lost hope that will recover ever since BTC in bull mode but seems all the shitcoin just dumping and dumping.

But yes, who had enough patience I think they are gainer today. They have recovered their funds almost. I don't think too much HODLer there who had waited for 3 years.

davis196

hero member

Activity: 3164

Merit: 937

The people,who are HODLing since the last ATH will finally have the chance to get some profits.
However,I think that most of the long term HODLers will start selling their BTC,when the price gets above 20K USD,so the selling pressure over the Bitcoin market will increase,thus there will be little to no support for a BTC price above 20K.I might be wrong.
Perhaps many traders,who bought BTC back in December 2017 and left the crypto markets with big losses will return and buy some Bitcoin(and altcoins) again.

maydna

hero member

Activity: 2912

Merit: 556

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Not many people can hold their bitcoin for a long time ago. Many of them stress to see the bitcoin price are down from time to time. But I am sure that many of them are still trying to survive because they believe that bitcoin will have a chance to increase. They believe their dream almost becomes a reality in which bitcoin price already touches $18,400, which is happening less than a year from this year. The bitcoin price will get the new ATH sooner or later, and we do not predict how high the bitcoin price can hit.

But besides hold, we can try to accumulate and earn every satoshi, so when the price can jump to the highest price, we can sell it and make a big profit. Fortunately, if you hold 1 bitcoin, it will still 1 bitcoin, but the money value will be change. So you can try to hold and calm down and enjoy the ride. But don't panic because you can't think clearly about what you need to decide.

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: aoluain on November 17, 2020, 02:50:53 PM

Anyone who was into crypto this time 3 years ago
will remember the run up to the ATH of $19783.
How many had the forsight to HODL what they had
for the next bull market, which is now?

i started more than 6 years ago and i remember the ATH that happened before i entered ($1200) and i held my bitcoins that i started buying at $500 even though the price continued dropping and went as low as $150. i held because i was never thinking about getting rich and was never aiming to reach some arbitrary ATH. my goal is to accumulate bitcoin until we reach mass adoption.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Quote from: concept2 on November 17, 2020, 06:36:55 PM

No one can ve patient to hold bitcoin when its price was reduced more than 80% . If you had had 1 million dollar, you would have lost more than $800000 during the hard time. Would you continue to hold your coin? You would have at least sell some of your coins to save the remaining capital. Even the most possitive bitcoin enthusiast could be depressed in this situation.

Holding is a good strategy. But not all holding is. Be smart with your money or you will become bankrupt.

Hello. Patient and positive bitcoin enthusiast here. I held my bitcoin through the rise and crash. Tongue

Just fyi, if a certain asset crashes, you don't really "lose" your money if you didn't sell. Because in bitcoin's case, obviously, it goes back up. And it is doing that just now as we're only like $2k from the all-time high.

$crypto$

legendary

Activity: 2394

Merit: 1049

Smart is not enough, there must be skills

We will feel again like in the past by reaching ATH this time maybe it will happen after such a fast movement from time to time, since the last 2 months I have started holding with full confidence at the end of this year bitcoin will reach the highest level, well we now seeing as proof this feels relieved by what I had planned before.

We have been waiting for a moment for something like this because winning 3 years is long enough we can see challenges that continue to hit, therefore bitcoin as many predictions at the end of this year and 2021 will be a bigger adoption, this reminds us that the pandemic atmosphere is able to skyrocket from economic hardship.

carlisle1

hero member

Activity: 2744

Merit: 541

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Quote from: aoluain on November 17, 2020, 02:50:53 PM

Anyone who was into crypto this time 3 years ago
will remember the run up to the ATH of $19783.

Depend in which Exchange you use because in some exchange Bitcoin crossed $20,000

Quote

It was a wild time in December of that year, there
were big gains made and alternatively a lot of losses
where some people FOMO'd in close to the ATH
and either sold at a loss or are still holding what they
had back then.

Big gainers are the believers in which They stand holding even how many Dip happens before then not like those victims of FOMO's in which at time did not believe the coming ATH.

Quote

How many had the forsight to HODL what they had
for the next bull market, which is now?

I would say, not many!

i would say MANY,but they are just the Many people you may read here advising to Buy and Hold but the truth is they don't even buying a single satoshi.

Quote

Eventhough we (the positive) have been preaching
about the long haul and a look to the future.

These times are proof that when you buy high, not panic and HODL for the future is rewarding

actually this happens each time after a year of halving in which expected to be the Bull market.
but still many don't want to trust the coin instead panicking once the market shakes down.

btcsmlcmnr

full member

Activity: 546

Merit: 159

The outflow and inflow of bitcoin out and in exchanges are good proof of more holders in latest weeks. It is the biggest outflow from exchanges since 2017, 3 years ago.

Quote

#Bitcoin liquidity is vanishing off of exchanges.

Transfer volume to private wallets hasn't been this high since early 2017.

Welcome to the sell side liquidity crisis.

LogitechMouse

legendary

Activity: 2576

Merit: 1043

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I still remember the time that Bitcoin was surging last 2017 but at that time, I was a newbie in the crypto space and I don't have any money too to spend on buying Bitcoin. If I'm one of the investors who bought at its peak at that time though then I will just cut loss.

Now that I know the basics of it and I know how to buy and hold it, I started to hold ever since and I'm quite happy that I got huge profits already by just holding and I know that there are some who are happy too.

If you aren't that knowledgeable enough in trading then holding would be the better option for you. Longer time frame but less risky. I'm not saying though that there is no risk in holding since crypto is volatile but history shows already that holding Bitcoin for a long time will give you profits no matter what.

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: Blackrain13 on November 17, 2020, 06:52:22 PM

Holding is very risky because you didn't know if the price of the coin you hold will return to it's ATH so, be smart and always take the risk. I think it's better if you hold the 50% and sell the another 50% to save even a little if your holding turn to lose.

And assuming it will return to its previous all-time-high and even more, base on 2017 and subsequent years, follows a long bearish trend. So it's really difficult, specially the question of when to sell. But I would agree that selling at 50% of your stash is good in the next bull run. And you have to consider the fact of the bearish cycle as well.

In any case though, nothing wrong with accumulation and the HODL. We all learn from the 2017 bull run so it's up to us on how to prepare for the imminent in 2021.

Blackrain13

jr. member

Activity: 328

Merit: 2

Holding is very risky because you didn't know if the price of the coin you hold will return to it's ATH so, be smart and always take the risk. I think it's better if you hold the 50% and sell the another 50% to save even a little if your holding turn to lose.

Topic: Proof - The long Hodl - page 3. (Read 817 times)