This is best time to make more buying for bitcoin when we see it make major leap in value, I prefer to see a major rise in value than all these small jumps, with big jump, it would be easier to know that the next line of action would be for bitcoin to start rising another bull again, and marching forward to the price it dropped form ($13,800 in short term and $19,500 in long run) and this is what some people are actually using to make a living, they buy dip for a short term an then sell at high.
Imagine that as at the time bitcoin dropped to $7500, a trader had bought it then, and then there is a price recovery within 2 days to $8000, is that $500 not someone's salary per month, do you think that such person would not always be praying for such dip for him to always make such type of money, so in other words, some dip are just blessing in disguise to us.
Topic: Smart hodling vs just hodling - page 3. (Read 1427 times)
I don't know man .. I think the risk is our friend for those who doing this .. I personally experienced to make my $2,000 savings become $15,000 unexpectedly from 2016 to 2017 , I have a strong faith in bitcoin and some altcoins since 2014 .. decided to go allin and I think I did it in the right time and on the right coins 
.
On top of that ... I did it again for the second time in March this year when bitcoin hit its lowest price @3,700 USD and ethereum @100 USD , I sell my house put all the money on ethereum and guess what? A few weeks later it turned 260% profit! Coincidence? Luck? I don't think so
You need to aim for 300% , 500%, 10,000% profit or even more in cryptocurrency , you know why? Because it is the place! If you looking for steady non-volatile investment... then stocks or gold is your choice.
It's all fun and games until that trick doesn't work mate. It's gambling. It's not funny when someone puts their life savings or their house into Bitcoin and they lose 60% of their money, or hundreds of thousands or dollars. It's well documented and it's happened many times. For every person who does well there's a person who does badly. .On top of that ... I did it again for the second time in March this year when bitcoin hit its lowest price @3,700 USD and ethereum @100 USD , I sell my house put all the money on ethereum and guess what? A few weeks later it turned 260% profit! Coincidence? Luck? I don't think so
You need to aim for 300% , 500%, 10,000% profit or even more in cryptocurrency , you know why? Because it is the place! If you looking for steady non-volatile investment... then stocks or gold is your choice.
I'll re-iterate, it's gambling, and to encourage people to do it as a sound investment is dishonest.
And he tell us after he get profit. If not, maybe he wouldn't tell other people to do like him. But for @EdenHazard, if you already success in trading maybe you will be very good at it, and it will be good if others can learn strategy too and look for which one is fit and make profit by themself too. I don't know man .. I think the risk is our friend for those who doing this .. I personally experienced to make my $2,000 savings become $15,000 unexpectedly from 2016 to 2017 , I have a strong faith in bitcoin and some altcoins since 2014 .. decided to go allin and I think I did it in the right time and on the right coins .
On top of that ... I did it again for the second time in March this year when bitcoin hit its lowest price @3,700 USD and ethereum @100 USD , I sell my house put all the money on ethereum and guess what? A few weeks later it turned 260% profit! Coincidence? Luck? I don't think so
You need to aim for 300% , 500%, 10,000% profit or even more in cryptocurrency , you know why? Because it is the place! If you looking for steady non-volatile investment... then stocks or gold is your choice.
It's all fun and games until that trick doesn't work mate. It's gambling. It's not funny when someone puts their life savings or their house into Bitcoin and they lose 60% of their money, or hundreds of thousands or dollars. It's well documented and it's happened many times. For every person who does well there's a person who does badly. .On top of that ... I did it again for the second time in March this year when bitcoin hit its lowest price @3,700 USD and ethereum @100 USD , I sell my house put all the money on ethereum and guess what? A few weeks later it turned 260% profit! Coincidence? Luck? I don't think so
You need to aim for 300% , 500%, 10,000% profit or even more in cryptocurrency , you know why? Because it is the place! If you looking for steady non-volatile investment... then stocks or gold is your choice.
I'll re-iterate, it's gambling, and to encourage people to do it as a sound investment is dishonest.
Yes, but gambling is too risky compare when you are day trading, as in day trading, if you will lose in your trading, you can only loss let's say 10-20% unlike in gambling where in the fight is 100/0 win or lose, if you win, you are lucky, if you lose then better luck next time, so I won't risk my money in gambling rather choose trading.
I don't know man .. I think the risk is our friend for those who doing this .. I personally experienced to make my $2,000 savings become $15,000 unexpectedly from 2016 to 2017 , I have a strong faith in bitcoin and some altcoins since 2014 .. decided to go allin and I think I did it in the right time and on the right coins .
On top of that ... I did it again for the second time in March this year when bitcoin hit its lowest price @3,700 USD and ethereum @100 USD , I sell my house put all the money on ethereum and guess what? A few weeks later it turned 260% profit! Coincidence? Luck? I don't think so
You need to aim for 300% , 500%, 10,000% profit or even more in cryptocurrency , you know why? Because it is the place! If you looking for steady non-volatile investment... then stocks or gold is your choice.
It's all fun and games until that trick doesn't work mate. It's gambling. It's not funny when someone puts their life savings or their house into Bitcoin and they lose 60% of their money, or hundreds of thousands or dollars. It's well documented and it's happened many times. For every person who does well there's a person who does badly. .On top of that ... I did it again for the second time in March this year when bitcoin hit its lowest price @3,700 USD and ethereum @100 USD , I sell my house put all the money on ethereum and guess what? A few weeks later it turned 260% profit! Coincidence? Luck? I don't think so
You need to aim for 300% , 500%, 10,000% profit or even more in cryptocurrency , you know why? Because it is the place! If you looking for steady non-volatile investment... then stocks or gold is your choice.
I'll re-iterate, it's gambling, and to encourage people to do it as a sound investment is dishonest.
I don't know man .. I think the risk is our friend for those who doing this .. I personally experienced to make my $2,000 savings become $15,000 unexpectedly from 2016 to 2017 , I have a strong faith in bitcoin and some altcoins since 2014 .. decided to go allin and I think I did it in the right time and on the right coins .
On top of that ... I did it again for the second time in March this year when bitcoin hit its lowest price @3,700 USD and ethereum @100 USD , I sell my house put all the money on ethereum and guess what? A few weeks later it turned 260% profit! Coincidence? Luck? I don't think so
You need to aim for 300% , 500%, 10,000% profit or even more in cryptocurrency , you know why? Because it is the place! If you looking for steady non-volatile investment... then stocks or gold is your choice.
It's all fun and games until that trick doesn't work mate. It's gambling. It's not funny when someone puts their life savings or their house into Bitcoin and they lose 60% of their money, or hundreds of thousands or dollars. It's well documented and it's happened many times. For every person who does well there's a person who does badly. .On top of that ... I did it again for the second time in March this year when bitcoin hit its lowest price @3,700 USD and ethereum @100 USD , I sell my house put all the money on ethereum and guess what? A few weeks later it turned 260% profit! Coincidence? Luck? I don't think so
You need to aim for 300% , 500%, 10,000% profit or even more in cryptocurrency , you know why? Because it is the place! If you looking for steady non-volatile investment... then stocks or gold is your choice.
I'll re-iterate, it's gambling, and to encourage people to do it as a sound investment is dishonest.
Just making the decision that I do really know the risk behind, it's indeed shouldn't be considered as a financial advice nor I don't have any rights to encourage anybody to do so, just sharing my experience with my own point of view about what op called as a smart holding, the point is to find the dip and buy coins at the right time and the right lowest price... you need to be disciplined with your bankroll, common mistake is to buy it all at once and impatience!
I don't know man .. I think the risk is our friend for those who doing this .. I personally experienced to make my $2,000 savings become $15,000 unexpectedly from 2016 to 2017 , I have a strong faith in bitcoin and some altcoins since 2014 .. decided to go allin and I think I did it in the right time and on the right coins .
On top of that ... I did it again for the second time in March this year when bitcoin hit its lowest price @3,700 USD and ethereum @100 USD , I sell my house put all the money on ethereum and guess what? A few weeks later it turned 260% profit! Coincidence? Luck? I don't think so
You need to aim for 300% , 500%, 10,000% profit or even more in cryptocurrency , you know why? Because it is the place! If you looking for steady non-volatile investment... then stocks or gold is your choice.
It's all fun and games until that trick doesn't work mate. It's gambling. It's not funny when someone puts their life savings or their house into Bitcoin and they lose 60% of their money, or hundreds of thousands or dollars. It's well documented and it's happened many times. For every person who does well there's a person who does badly. .On top of that ... I did it again for the second time in March this year when bitcoin hit its lowest price @3,700 USD and ethereum @100 USD , I sell my house put all the money on ethereum and guess what? A few weeks later it turned 260% profit! Coincidence? Luck? I don't think so
You need to aim for 300% , 500%, 10,000% profit or even more in cryptocurrency , you know why? Because it is the place! If you looking for steady non-volatile investment... then stocks or gold is your choice.
I'll re-iterate, it's gambling, and to encourage people to do it as a sound investment is dishonest.
If you are anything like me, you've put a good chunck of your savings in bitcoin.
Please don't do this.If you are one of the people who genuinely believes that Bitcoin will rise to insane levels, you should not need to put a "good" chunk of your savings into Bitcoin. A small but noticeable amount should suffice. Putting in a large amount of money is just exposing yourself to silly levels of risk. Bitcoin could easily crash to low levels tomorrow - not necessarily dying, but it could spend years at a significantly lower level than it is right now, or even permanently remain there.
There's no point in sacrificing your financial security on a bet that Bitcoin will rise to insane levels in the future. Unfortunately the best time to get in was a long time past, and I don't believe in the mantra that "the second best time is now". Invest a small amount if you really believe it will shoot to insane levels - if you're right, your investment will still pay off a reasonable amount, if you're wrong, your financial situation won't be seriously damaged.
.On top of that ... I did it again for the second time in March this year when bitcoin hit its lowest price @3,700 USD and ethereum @100 USD , I sell my house put all the money on ethereum and guess what? A few weeks later it turned 260% profit! Coincidence? Luck? I don't think so
You need to aim for 300% , 500%, 10,000% profit or even more in cryptocurrency , you know why? Because it is the place! If you looking for steady non-volatile investment... then stocks or gold is your choice.
But here the thing ... i know it's like gambling but i assure you it is not! I did it with my own analysis, a deep one and long journey before I made the decision.
I really do not understand why people still think that bitcoin is not a potential coin or whatever happened in 2017 was the first and the last time bitcoin really got on the road. Only because the king of crypto currencies is taking some rest, everyone has started to think it has gotten old or worse, it is over. Do not you think we are still in the beginning of digital currencies and there is a lot to come?
I never said any of that. Please don't try to associate me saying that a guy should not invest a silly amount of money into Bitcoin with me saying that Bitcoin has no potential.Yes, we are in the beginning of digital currencies. Personally I believe Bitcoin will persist and do well for a long time, but I don't think we're going to be seeing a million a coin. Keep in mind there will be many other cryptocurrencies which rise and fall, and crypto as a whole right now is not just Bitcoin but also Ethereum, etc. I believe that in ten years time there will be around 3 main cryptos which have 'survived', of which Bitcoin will likely be the 'main', but I think the difference between the market caps of Bitcoin and whatever the 'main' altcoins are will be much lower than they are right now by that time.
Bitcoin is far too volatile and it will be far too long until it stabilizes for people to put life-changing amounts of money in it now.
What you call as smart holding is just called as trading in other terms. It's quite a known strategy to buy back BTC or any altcoin when the price drops and starts to increase again. I am better off at my place since I know how risky it is to use this strategy especially when you know how volatile BTC is.
The current pump in price is a good example of it. You might be earning good ROI but you never know when the market goes against you and all your profits gets dumped in the market. That's what has happened with me.
The current pump in price is a good example of it. You might be earning good ROI but you never know when the market goes against you and all your profits gets dumped in the market. That's what has happened with me.
We are talking about Bitcoin currency here therefore smart and just holding are both applicable for Bitcoin investment. Choosing Bitcoin is a smart choice because it is proven the most potential and the promising investment to make your money grow therefore it is worth holding for short and long term investments.
Yes, investing in Bitcoin and holding it for long term should be our goal for now, doing short term is fine too for as long as we do have fund applicable for long term too, so that we can have profit for short term and long term. We don't know what will happen in the future, so better to have both as long term investment in Bitcoin can bring us more profit, but keep in mind there is no guarantee about it too.
But I think a person should know both the methods and use it according to the condition of market as sometimes the market stands still so in that case holding is good.
I think you have done both of these is a very smart choice because by holding the assets that you have then you can benefit when prices go up but when you do smart holding means you rotate the capital that you hold as much as possible to still always benefit while this is terrible step because it will have the risk of being stuck at high prices.
This is very normal for currencies in the world of crypto market to increase and decrease in values over short period of time and so is the nature of bitcoin. There is nothing to get worried when you see the graph of bitcoin prices going down. That is the time which shall be used as an opportunity for collecting bitcoin at cheap rates.
Most of your savings might be a bit too much. Should diversify your holdings.
That won't help.People like these ways : hold them all, or trade them all.
If someone loves to trade Ethereum, he will eventually trade Ethereum and also Bitcoin.
If someone wants to be a freaking Bitcoin believer, he will be only holding Bitcoin and doesn't do any trade.
The second one is actually bad. I remember someone said that no point in making money if we can't really enjoy the profit.
People should not just hold and forget it but they need to take some profit to enjoy. That's the meaning of investment.
If you are anything like me, you've put a good chunck of your savings in bitcoin.
Please don't do this.If you are one of the people who genuinely believes that Bitcoin will rise to insane levels, you should not need to put a "good" chunk of your savings into Bitcoin. A small but noticeable amount should suffice. Putting in a large amount of money is just exposing yourself to silly levels of risk. Bitcoin could easily crash to low levels tomorrow - not necessarily dying, but it could spend years at a significantly lower level than it is right now, or even permanently remain there.
There's no point in sacrificing your financial security on a bet that Bitcoin will rise to insane levels in the future. Unfortunately the best time to get in was a long time past, and I don't believe in the mantra that "the second best time is now". Invest a small amount if you really believe it will shoot to insane levels - if you're right, your investment will still pay off a reasonable amount, if you're wrong, your financial situation won't be seriously damaged.
in my opinion the strategy that you do is doing daily trading. indeed for now the price of bitcoin has decreased, and I myself am very hesitant if saving for a long time. I think daily trading is a solution to minimize losses in the current situation. by selling when prices are above, and buying back when market prices are declining. I think that's a good strategy for now.
Trading must adjust to yourself where if indeed we have a rush there is no need to force yourself to trade daily. I myself don't do tradig daily if I don't have time. because we have to monitor price movements every day and indeed it requires time taken up so indeed we ourselves have to adjust to busyness. no need to impose big profits
Most of your savings might be a bit too much. Should diversify your holdings.
in my opinion the strategy that you do is doing daily trading. indeed for now the price of bitcoin has decreased, and I myself am very hesitant if saving for a long time. I think daily trading is a solution to minimize losses in the current situation. by selling when prices are above, and buying back when market prices are declining. I think that's a good strategy for now.
Daily is different. I think that it is based on when there is dumping so you can sell but as long as it is going up then you have to wait for the price to become in a bearish trend before you sell. because a daily trade is you need to close your trade within that day also. The idea was still the same buy low sell high. We are talking about Bitcoin currency here therefore smart and just holding are both applicable for Bitcoin investment. Choosing Bitcoin is a smart choice because it is proven the most potential and the promising investment to make your money grow therefore it is worth holding for short and long term investments.
Yes, investing in Bitcoin and holding it for long term should be our goal for now, doing short term is fine too for as long as we do have fund applicable for long term too, so that we can have profit for short term and long term. We don't know what will happen in the future, so better to have both as long term investment in Bitcoin can bring us more profit, but keep in mind there is no guarantee about it too.
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
a smart trader will not stand still and wait or watch prices fall, or do long holds. they will stay in when there is a buying opportunity. although the trend is down. Scalping trading is one of the best methods to keep pace with fluctuating price movements. but carefulness and not forcing big profits are the priority in scalping. so that even though the trend is down, they still make a profit. 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
in my opinion the strategy that you do is doing daily trading. indeed for now the price of bitcoin has decreased, and I myself am very hesitant if saving for a long time. I think daily trading is a solution to minimize losses in the current situation. by selling when prices are above, and buying back when market prices are declining. I think that's a good strategy for now.
Maybe you can do both hodl some BTC and do daily trade. I think margin trading is one way to make more btc which will profit you if the market goes down or up. Thing is it is very dangerous way of trading as you can lose all your btc. Smart hodling is taking profit either small or big earnings. Just hodl is like hoping you get rich someday. So i say do both as you will profit doing so.
We are talking about Bitcoin currency here therefore smart and just holding are both applicable for Bitcoin investment. Choosing Bitcoin is a smart choice because it is proven the most potential and the promising investment to make your money grow therefore it is worth holding for short and long term investments.
Yes, investing in Bitcoin and holding it for long term should be our goal for now, doing short term is fine too for as long as we do have fund applicable for long term too, so that we can have profit for short term and long term. We don't know what will happen in the future, so better to have both as long term investment in Bitcoin can bring us more profit, but keep in mind there is no guarantee about it too.
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