Topic: Smart hodling vs just hodling (Read 1472 times)
I think i can classify myself among the group of smart holders that hold bitcoin smartly. Smartly in the sense that i watch closely the price of bitcoin, read charts and indicators, follow news and rumours, so i sell anytime i noticed any fud against crypto either by government or by some cooperations then i watch closely to see when price starts going up again then i buy and hold till the next dump or correction. Repeatedly doing this makes me flow in profit at all time so i don't need to worry if bitcoin dont gets to $20k fast, because am already in profit from my smart
I think you have misunderstood the definition of speculation and investment. The investment is for investors who want to hold in the long term and do not want to sell to buy back at a low level.
As for speculation, that's how you're applying and it's completely different. Sometimes your strategy may not completely produce as much profit as an investment because you don't hold long enough like them. Everyone has their own strategy and nobody is smarter than anyone.
As for speculation, that's how you're applying and it's completely different. Sometimes your strategy may not completely produce as much profit as an investment because you don't hold long enough like them. Everyone has their own strategy and nobody is smarter than anyone.
You think there is no speculation in investing?
i think keeping bitcoin is the only right time for get profit . but selling and buying at the same time is risk because market can rise without stoping than if you wait buying cheap you will wait at the end prices can rise much and you not be able to recover the defference in prices
I think you have misunderstood the definition of speculation and investment. The investment is for investors who want to hold in the long term and do not want to sell to buy back at a low level.
As for speculation, that's how you're applying and it's completely different. Sometimes your strategy may not completely produce as much profit as an investment because you don't hold long enough like them. Everyone has their own strategy and nobody is smarter than anyone.
As for speculation, that's how you're applying and it's completely different. Sometimes your strategy may not completely produce as much profit as an investment because you don't hold long enough like them. Everyone has their own strategy and nobody is smarter than anyone.
You need to just hold some amount, and to have amount for smart holding, its just a name for trading strategy, buy low, sell high, and do it all over again when price movement allows you to do that. We can do 10 things at once, more or less, depends on your skills, and your bankroll. Crypto in general is full with possibilities, its on us how we will use them in our favor.
In some way you need to spread your activities, never relay on just one source of income, on just one investment. The more you can handle its better, in long term and short term.
In some way you need to spread your activities, never relay on just one source of income, on just one investment. The more you can handle its better, in long term and short term.
As the OP, I have to say that I'm doing well doing a bit of trading when bitcoin goes down. Another great 15.7% win in BTC with the Weak-hands Buster open-source strategy. Bitcoin has been going down for several weeks, but there is no need to suffer if you manage to sell bitcoin as it starts diving and take the profit at the bottom, buying more bitcoin with the same money. This strategy may be fully automated in the Superalgos Desktop App and can help you with the timing. This is the trade closed an hour ago:
Many of us here are hardcore bitcoin believers. If you are anything like me, you've put a good chunck of your savings in bitcoin.
However, how painful is it to watch bitcoin price plummet?
April 1st signaled the start of what seemed would be yet another bull run… however, the rally seems to have been cut short without getting close to the all-time high.
What do you think would be a smarter way of hodling bitcoin other than standing still, bag in hand, while watching the price go down in each correction, or maybe even back to the $3K range?
To me, the utmost goal of a hardcore hodler is to accumulate bitcoin, as much as possible, always managing your risk level.
With that in mind, the smarter way to hold bitcoin is to sell it when prices start going down, only to re-buy a larger quantity when prices stabilize at a lower range. Then, with the same capital, you increase your bitcoin holding every time prices drop.
That is what I'm doing at this point. I'm using a strategy a few friends and I built. The strategy seems to be very good at predicting big downward market moves, giving a sell signal early on, as the move starts developing. It also indicates when you should re-buy. Backtests show amazing performance in 2018 (549% ROI in BTC) and 2019 (106% ROI in BTC). Current live trading experience is quite short-lived, but we did catch the fall of September 24th, with a 26% ROI in BTC in a single trade.
The strategy is explained in this article recently published in Hackernoon: How to Increase your Bitcoin Holdings in a Bear Market - Part I
However, how painful is it to watch bitcoin price plummet?
April 1st signaled the start of what seemed would be yet another bull run… however, the rally seems to have been cut short without getting close to the all-time high.
What do you think would be a smarter way of hodling bitcoin other than standing still, bag in hand, while watching the price go down in each correction, or maybe even back to the $3K range?
To me, the utmost goal of a hardcore hodler is to accumulate bitcoin, as much as possible, always managing your risk level.
With that in mind, the smarter way to hold bitcoin is to sell it when prices start going down, only to re-buy a larger quantity when prices stabilize at a lower range. Then, with the same capital, you increase your bitcoin holding every time prices drop.
That is what I'm doing at this point. I'm using a strategy a few friends and I built. The strategy seems to be very good at predicting big downward market moves, giving a sell signal early on, as the move starts developing. It also indicates when you should re-buy. Backtests show amazing performance in 2018 (549% ROI in BTC) and 2019 (106% ROI in BTC). Current live trading experience is quite short-lived, but we did catch the fall of September 24th, with a 26% ROI in BTC in a single trade.
The strategy is explained in this article recently published in Hackernoon: How to Increase your Bitcoin Holdings in a Bear Market - Part I
Frankly I think your strategy is really good. Rather than just being a placid hodler, taking action and minimizing risk while continuing to accumulate is a much better idea than just standing around with all your proverbial eggs in one basket.
By the way, the strategy I pointed in the OP is again in the middle of a trade, shorting bitcoin... looking promising... The stop hasn't started trailing yet but will soon if the slide downwards continues... Current TP at 7.2k... Did I mention it's open-source? See http://superalgos.org if you are interested...
Even if you decided just to hold your coins and not trade them your business doesn't end up there. You always have to watch the market and the movements and react if necessary to save or to enlarge your portfolio. That is for me smart holding. And you need to have the plan, what is your final goal.
Yes even when you hodl it still, the price of the amount you are hodling is changing. If I were you OP I will do smart holding, I will trade a little bit so that my income will increase more than the amount it will be when I will just hodl it. But it is up to you if you want a long term or a short term investment. 
Ofcourse smart holders need a good altcoins to invest and to hold not even you hold a coin that has no potential to increase and can't wait to earn as you wait for too long.
Many of us here are hardcore bitcoin believers. If you are anything like me, you've put most of your savings in bitcoin.
I am one of those bitcoin believers, but I dont see myself putting all my money or savings in bitcoin because I know the risk. Once that there is money involve then risk is heading for sure, I don't want to take high risk so I don't want to put ALL MY SAVINGS in bitcoin.
Quote
However, how painful is it to watch bitcoin price plummet?
Of course it's hard to see that. Quote
What do you think would be a smarter way of hodling bitcoin other than standing still, bag in hand, while watching the price go back down to the $3K range?
I don't think there is a smarter way of holding bitcoin. You really shouldn't put all of your money/savings in bitcoin alone, yes bitcoin is profitable but just like what you've said its risky, having it invested on multiple coins is much better. Holding coins means you will not touch it or do anything about it because you are keeping it, you are holding so i think there is no such thing as smart holding because our one and only goal in holding coins is to wait for the right moment to sell it and have your profits, no one holds a coin just because he likes it.
Even if you decided just to hold your coins and not trade them your business doesn't end up there. You always have to watch the market and the movements and react if necessary to save or to enlarge your portfolio. That is for me smart holding. And you need to have the plan, what is your final goal.
For some exchanges they already have a features that can sell when the price is go down beyond our target that called stoploss and also a feature that we will sell our coin when the price is already above what we determined. So, watching the market is not mandatory when we already determined when we want to sell. And also people said investing in crypto is so risky so we just invest money that we can afford to lose. So, if we determined to hold, just buy and hold without worrying the market condition
Even if you decided just to hold your coins and not trade them your business doesn't end up there. You always have to watch the market and the movements and react if necessary to save or to enlarge your portfolio. That is for me smart holding. And you need to have the plan, what is your final goal.
To adhere to only a simple holding strategy, you need to have not only a very strong psyche to react less to a difficult situation in the cryptocurrency market, but also have excellent confidence in the prospects of the cryptocurrency and the entire cryptocurrency market in the future. But it seems to me that today, however, most cryptocurrency users use a smart holding, because they constantly monitor the cryptocurrency market.When you are holding, you are also looking for a great timing to sell, of course that's based on our target, and in addition, you need to be updated so you can jump from the ship out if there's something bad happened to the project, like if it will go dark and scam investors.
Even if you decided just to hold your coins and not trade them your business doesn't end up there. You always have to watch the market and the movements and react if necessary to save or to enlarge your portfolio. That is for me smart holding. And you need to have the plan, what is your final goal.
To adhere to only a simple holding strategy, you need to have not only a very strong psyche to react less to a difficult situation in the cryptocurrency market, but also have excellent confidence in the prospects of the cryptocurrency and the entire cryptocurrency market in the future. But it seems to me that today, however, most cryptocurrency users use a smart holding, because they constantly monitor the cryptocurrency market.When you are holding, you are also looking for a great timing to sell, of course that's based on our target, and in addition, you need to be updated so you can jump from the ship out if there's something bad happened to the project, like if it will go dark and scam investors.
Even if you decided just to hold your coins and not trade them your business doesn't end up there. You always have to watch the market and the movements and react if necessary to save or to enlarge your portfolio. That is for me smart holding. And you need to have the plan, what is your final goal.
To adhere to only a simple holding strategy, you need to have not only a very strong psyche to react less to a difficult situation in the cryptocurrency market, but also have excellent confidence in the prospects of the cryptocurrency and the entire cryptocurrency market in the future. But it seems to me that today, however, most cryptocurrency users use a smart holding, because they constantly monitor the cryptocurrency market. Even if you decided just to hold your coins and not trade them your business doesn't end up there. You always have to watch the market and the movements and react if necessary to save or to enlarge your portfolio. That is for me smart holding. And you need to have the plan, what is your final goal.
What logic would you use to "react if necessary"?
Even if you decided just to hold your coins and not trade them your business doesn't end up there. You always have to watch the market and the movements and react if necessary to save or to enlarge your portfolio. That is for me smart holding. And you need to have the plan, what is your final goal.
My advice to you, always expect a recession.
Even if you have to wait a long time (as practice shows no more than a year), however, before the growth, the price is always pressed down to buy as cheaply as possible and put as many people into the boiler as possible. This is a key factor that will allow you to maximize your profits. Take your time. Crypto market is in no hurry, feel its pace and move to the beat.
Just hodl it, recession is always there. Since bitcoin is created there were times that the market crashes each year bitcoin may at its lowest price than it could be last year and the next year will be bull run, market is uncertain. You may also invest in other altcoins so that when recession ends all of your coins will pump too, as they all depends on bitcoin status.Even if you have to wait a long time (as practice shows no more than a year), however, before the growth, the price is always pressed down to buy as cheaply as possible and put as many people into the boiler as possible. This is a key factor that will allow you to maximize your profits. Take your time. Crypto market is in no hurry, feel its pace and move to the beat.
My advice to you, always expect a recession.
Even if you have to wait a long time (as practice shows no more than a year), however, before the growth, the price is always pressed down to buy as cheaply as possible and put as many people into the boiler as possible. This is a key factor that will allow you to maximize your profits. Take your time. Crypto market is in no hurry, feel its pace and move to the beat.
Even if you have to wait a long time (as practice shows no more than a year), however, before the growth, the price is always pressed down to buy as cheaply as possible and put as many people into the boiler as possible. This is a key factor that will allow you to maximize your profits. Take your time. Crypto market is in no hurry, feel its pace and move to the beat.
I have the opposite opinion from you, i think cryptocurrency is the market of hurry, which is the movement of all coins changes really fast, if we can take an advantage from those movement i think we'll be really profitable. But if we just hold for a long time and not agile towards market conditions we could be in dangerous area since we have to up to date with the crypto updates and news. Even holding bitcoins for too long and not monitoring the crypto updates is also dangerous with our assets.
My advice to you, always expect a recession.
Even if you have to wait a long time (as practice shows no more than a year), however, before the growth, the price is always pressed down to buy as cheaply as possible and put as many people into the boiler as possible. This is a key factor that will allow you to maximize your profits. Take your time. Crypto market is in no hurry, feel its pace and move to the beat.
Just hodl it, recession is always there. Since bitcoin is created there were times that the market crashes each year bitcoin may at its lowest price than it could be last year and the next year will be bull run, market is uncertain. You may also invest in other altcoins so that when recession ends all of your coins will pump too, as they all depends on bitcoin status.Even if you have to wait a long time (as practice shows no more than a year), however, before the growth, the price is always pressed down to buy as cheaply as possible and put as many people into the boiler as possible. This is a key factor that will allow you to maximize your profits. Take your time. Crypto market is in no hurry, feel its pace and move to the beat.
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