Smart hodling vs just hodling - page 10.

AjithBtc

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Quote from: Superalgos on October 04, 2019, 07:44:04 AM

Many of us here are hardcore bitcoin believers. If you are anything like me, you've put most of your savings in bitcoin.

However, how painful is it to watch bitcoin price plummet? Cry

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 back down to the $3K range?

Nothing to wonder, we all know well about the price change of bitcoin. From April it took a strong forward move, and this at some price point is predicted to reach new ath. Suddenly it broke the $13000 barrier which gave everyone the hope of new ath. This didn't sustain for a long time causing drop below $10000 and now it is staying good above $8000 with better resistance for a forward push than downwards.

dark08

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Quote from: Superalgos on October 04, 2019, 07:44:04 AM

Many of us here are hardcore bitcoin believers. If you are anything like me, you've put most of your savings in bitcoin.

However, how painful is it to watch bitcoin price plummet? Cry

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 back down to the $3K range?

Patience is one of the best thing that need to learn of any investors or traders because we cannot know when the time price go up or down. I'm still waiting for the $7k range of bitcoin and I will buy more if the price go back to $3k then I will buy again for long term holding this is my strategy, holding is not painful aa long as you know to manage your fund in any cost.

Reid

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That is not just the painful part.

When we see the price going high we still dont sell. That is how a hardcore holder do it.
Just stay in my bag. Don't move. Grin

We see the price fall and also be on its ATH and yet we dont do anything about it.
I wont say I dont have the courage for I do trading with different coins. But there is something in me that always tell I should not sell my bitcoin but rather add more when profit comes from trading other currencies.

sweetbet

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If I was to go back in time to December 2017, I would've traded my BTC for USDT to maintain their value. Then I would've used my USDT balance to buy more BTC when the price plummeted to $3.5K. But there is always a risk associated with anything we do. What if BTC jumped to $50K while my money was in USDT?

A smarter option might be to keep a portion of the balance in BTC and a portion in USDT.

TravelMug

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I guess nothing, and just continue to HODL.

If you have been here long enough to see the ups and downs of bitcoin, then you shouldn't be affected even if the prices goes down to $3k levels again. Just ask yourself why are you still here in the first place?

Just don't panic simply as that, if you are here to make money in the future then seeing your portfolio going down is just a test.

Wysi

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Quote from: Superalgos on October 04, 2019, 07:44:04 AM

Many of us here are hardcore bitcoin believers. If you are anything like me, you've put most of your savings in bitcoin.

However, how painful is it to watch bitcoin price plummet? Cry

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 back down to the $3K range?

It purely depends on the kind of experience one has with bitcoin and the knowledge one carries about the whole crypto market. I have come across profiles who don't give a damn about the price dip as they have invested for long term like 10 years or so but they have already saved enough and utilized it unlike the recent contributors who have only seen the downfall of bitcoin as these users have invested money in bitcoin only post December 2017 when bitcoin became talk of the town for the unexpected pump.

I would prefer buying during the price dump and converting existing BTC to USDT rather than just observing the bloodbath.

palle11

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I consider OP's smart hodling to be those investors who are hodling their coin for the purpose of business. That is those that always check either cmc to see if they have made profit from their hodling and sell off to wait for another buy chance.
For just hodling or just hodlers, they are just keeping and waiting for when they say price has gone to another ATH, or somebody advising them to sell. This class of just hodlers are not business minded with their coin.

AicecreaME

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Quote from: Yatsan on October 04, 2019, 08:54:32 AM

I don't know if there is ''smart'' holding the way to think of it but what I guess is that holding with passive income? isn't that it?
Holding bitcoin is a smart way because it has the highest volatile coin in the market, knowing that it already reached a skyrocket price last year.
I don't see probability with your speculation seeing bitcoin on $3000 range with the market now and for longing the range at $8000.

What OP means by "smart holding" is we have to stay alert on checking the price of the altcoins we have for us not to miss the chance to sell it on the price that we want to earn profits and "just holding" means you have no idea what you are doing, you are just hodling because it is what the majority does, you are just waiting for the bull run even you could make profits while waiting for that one.

Quote from: Yatsan on October 04, 2019, 08:54:32 AM

Smart holding is holding bitcoin.

No matter what

Superalgos

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Several people mentioned that when the price goes down, it's a good time to buy more bitcoin.

Following that same logic, wouldn't a smarter way of holding bitcoin involve selling it when the price starts going down only to re-buy a larger quantity (for the same $) when price stabilizes?

Rufsilf

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If we are a smart and wiser holder, definitely there is no reason we lost our fate with. The price dump not because we want it but because it is the real story of Bitcoin. If we are in the positive, we have nothing to worry instead, we took this opportunity to buy more and patiently hold again.
This will be a normal life with crypto, we live into its volatility and all we've been profitable because of its price fluctuation.

Genemind

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As for me, smart holding only involves a lot of patience. We can't do anything about the current situation of the market but to deal with it. This kind of situation has been circulating for years so I don't think panicking or losing hope every time the prices turn red is still normal for experienced holders.
That's the risk of investing in crypto but if you want to get rid of worries while holding, just leave and forget your investment for a while and get your gain at the right time.

Kupid002

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Quote from: FetishKing on October 04, 2019, 10:37:42 AM

So Why did LTC dropped substantially after and near the halving period?

LTC halving is different story.
Ltc halving started when the market is in bear season. halving will not guaranteed that it will increase its price, that was only speculation that After halving the coin price might increase.

adroitful_one

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Quote from: Superalgos on October 04, 2019, 07:44:04 AM

Many of us here are hardcore bitcoin believers. If you are anything like me, you've put most of your savings in bitcoin.

However, how painful is it to watch bitcoin price plummet? Cry

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 back down to the $3K range?

Trading it or investing it into something. Even in downtrends, there are daily ups and downs you can take advantage of if you learn a little technical analysis. Or, you could simply trade it for some other alt that you think is going to rise during the downtime. Yet another option is to loan it out or invest it. Just make sure you do your research and don't end up getting scammed from these investments. I personally don't like to leave any of it just sitting. I'm always doing something with it.

harizen

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Quote from: Superalgos on October 04, 2019, 07:44:04 AM

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.

Setting too many expectations for bitcoin will really lead to disappointment. In the first place, why should bitcoin meet anyone's expectations at a given timeframe?

That reference on bitcoin should hit another ATH to this date is already too much to expect. Coming from a year-long bearish market and anyone wants to expect that a big bounce-back should happen in less than a year? That another ATH will surely established but give it time and instead, just trust the process.

Quote from: Superalgos on October 04, 2019, 07:44:04 AM

However, how painful is it to watch bitcoin price plummet? Cry

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?

A true hodler will ignore anything that will happen along the way even during a blood bath market.

They should be committed to face all the risks while hodling for their long-term goals.

AniviaBtc

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Quote from: Superalgos on October 04, 2019, 07:44:04 AM

Many of us here are hardcore bitcoin believers. If you are anything like me, you've put most of your savings in bitcoin.

However, how painful is it to watch bitcoin price plummet? Cry

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'm really a believer of bitcoin and seeing it falling is very unpleasant. While all you have to do is hold it on and wait for the right time for it to grow but it's going down. It feels like you're investing for something that is unsure.

But this time, since it plummet, you grab the opportunity to buy bitcoin in a much lower price. And just wait and be patient when it increases again in to a higher price, that's the way you'll gain more profit. But there's no specific season where it will become great again.

FetishKing

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[/quote]
There could be very less chances for prices to break $7k levels forever hereafter. Halving which will result in less than 10 BTC for every 10 minutes here after is down under. It is time for bitcoin to fly above $20. Expect the unexpected and not the same old stories.
[/quote]

So Why did LTC dropped substantially after and near the halving period?

stomachgrowls

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Quote from: Superalgos on October 04, 2019, 07:44:04 AM

Many of us here are hardcore bitcoin believers. If you are anything like me, you've put most of your savings in bitcoin.

However, how painful is it to watch bitcoin price plummet? Cry

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 back down to the $3K range?

There are no other meaning of holding but to simply keep those coins stationary or on still.There no such thing about smart holding because you cant
do anything into those funds if they are really plan not to be touched.If you do get those coins and trade it then you arent doing holding anymore.
Its always been part that you would see how the price plummet and a human being you would simply react and got worried specially if you do see that your
capital is slowly decreasing and as a holder you should resist panic sell and burst up of emotion.You had to endure if you do really believe in bitcoins potential
then you would just neglect those price volatility.

owengtam09

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Quote from: Superalgos on October 04, 2019, 07:44:04 AM

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? Cry

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.

el kaka22

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Quote from: Superalgos on October 04, 2019, 07:44:04 AM

how painful is it to watch bitcoin price plummet?

Honestly, do not have time to worry about prices when it falls and not bothering when it was testing $19.8k in 2017 and $13.4k recently. Long term holders are targeting big profits in millions hence never bother these small fluctuations. I believe only those holders who are all believing that bitcoin may test million dollar levels should be consider as hardcore bitcoin believers. There is no point of smart holding or firmly holding or simply holding. Holding for big targets hence type of holding is not a big issue Tongue

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Quote from: Superalgos on October 04, 2019, 07:44:04 AM

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?

There could be very less chances for prices to break $7k levels forever hereafter. Halving which will result in less than 10 BTC for every 10 minutes here after is down under. It is time for bitcoin to fly above $20. Expect the unexpected and not the same old stories.

BitHodler

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Quote from: flyer88 on October 04, 2019, 09:23:28 AM

No, believe me, Bitcoin won't go back to $3000, but it will increase in the next few months I think, I recommend to you just stay in your place by holding a bag In your hands, just shut up, don't do anything, then we will get immediate profits after Halving Bitcoin occurs later.

Why would anyone believe you? The people who said the same last year even 'guaranteed' fellow hodlers that the price couldn't drop below the $6k mark because that price was what miners needed to break-even.

People didn't take into consideration that Bitcoin has difficulty adjustments to make sure mining will always be brought back to levels it will be profitable again to mine. People paid more attention to fud from news outlets....

Markets can stay irrational for months or even years in some cases. Just because something has great underlying fundamentals it doesn't mean the speculative nature of the market has to respect it.

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