Smart hodling vs just hodling - page 11.

MetalGear

sr. member

Activity: 714

Merit: 250

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?

flyer88

hero member

Activity: 1177

Merit: 500

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.

electronicash

legendary

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plummet would be too much of a term to use, its price didn't take a nose dive in just a day to hit the bottom at $3k. it was gradual that everyone had the chance to sell upon seeing signals after all prices normally goes down every time it spikes. don't be too hardcore, use your btc to invest to some other projects, either for staking or MN.
you hold the coins tight when you buy them at the lowest possible price because you knew you only spend few bucks to it, this i guess still is holding. whichever it is.

ChrisPop

legendary

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Not your Keys, Not your Bitcoins

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?

A smarter way would be to learn a little bit of technical analysis. You don't need a lot to gain your edge over the market. Just learn one of the simplest but so powerful indicators - HORIZONTALS. Those will tell you when a major level is broken and that the price might head much down further down or up. It is certainly better than just buying and holding your Bitcoin. But if you don't want headaches and don't want to be responsible for your trades.. or maybe you don't have the time to do it and you are much comfortable just putting your money there and watching it grow Cheesy

Yatsan

legendary

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Leading Crypto Sports Betting & Casino Platform

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.

Smart holding is holding bitcoin.

Pearls Before Swine

sr. member

Activity: 1190

Merit: 306

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 would consider myself a true believer in bitcoin but I dont have most of my savings in it. The volatility is just too much to handle to do that, and I am not a kid in my twenties anymore.

As regards 'smart' hodling, whether you make a profit on bitcoin or not depends on what price you bought it at. Smart investors dont make mistakes like buying bitcoin when it was near its all time high, and there were no doubt many traders who did just that. My opinion is that now is an excellent time to buy and hold bitcoin, because its at less than half of that high and in time it will get back there. I couldn't say when but its going to happen and probably within a couple of years. That's smart hodling.

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

watching the price go back down to the $3K range?

That most likely wont happen again. If it does its an even better chance to buy in.

Superalgos

copper member

Activity: 87

Merit: 6

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? 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 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

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