Smart hodling vs just hodling - page 7.

EdenHazard

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Quote from: yangongear on October 07, 2019, 11:02:43 AM

Quote from: Superalgos on October 04, 2019, 08:44:04 AM

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.

The problem is, not all of us here have ability to do that, I mean who can make a decision about when prices have decreased to sell, and when prices have stabilized and can be bought. I used to experience that feeling when I bought BTC at $ 2k8 in 2017 when it went up to $ 4k I sold when it was profitable, but it continued raising to $ 19k in December 2017.

Then you should make a buyback at some point between those spiking periods $4k to $19k instead shocking and watching it continue skyrocketing, that's your problem Wink

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I personally always positioned myself in two sides ... one to hoodling foreeevah and the other to buy more in case it's crashed just like the recent situation.

So you'll always be in good situation no matter it's falling down ... cause you can load up your bags with more coins , or skyrocketing to the moon as you have quite a lot coin savings !
Sounds fair? That's what I'm doing.

yangongear

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Quote from: BitHodler on October 07, 2019, 01:26:20 PM

Quote from: yangongear on October 07, 2019, 11:02:43 AM

I used to experience that feeling when I bought BTC at $ 2k8 in 2017 when it went up to $ 4k I sold when it was profitable, but it continued raising to $ 19k in December 2017.

I remember that very well. People were calling the top at every round price level ($3k, $4k, $5k and so on), but they ended up seeing the price go up much further for the rest of the year. It must have felt bad after having sold so low.

The funny thing is that people did the same on the way down, where each round price level was said to be the bottom.... reality was that we didn't bottom out until we nearly hit the $3k mark, where people then expected even lower levels.

That perfectly shows how irrational the crypto market really is. It goes up and down well beyond what people consider over/undervalued. Never underestimate the risk of investing in crypto.

Yes, same for me. When BTC falled down to $ 3k, almost newspapers wrote the article about the $ 1k, or event few hundred dollars of BTC price, and we was wait for that possible price level, but it was not happen. We need confidence, and lucky to become a "smart holder".

buwaytress

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Quote from: error08 on October 08, 2019, 06:33:06 AM

Indeed, just holding while watching bitcoin price spike

but then plummet is pretty poor strategies that really push my patience without getting a piece of cake in the event.
Most people aren't good traders to navigate in this volatile cryptocurrency market, so smart holding compliments between just holding and active trading to increase my bitcoin holdings and prevent panic selling in bear market. Recently, sold at $8,400 and buyback at $7,800 makes me feel good.

Most traders aren't good traders. They won't even tell you that because that's their rice bowl. I've validated this myself plenty of times. Whale channels. Minnow channels. Shark groups. Paid and free. Public, private, exclusive. I've had more than my share to satisfy my curiosity and they're all really, in objectiveness. Not very good.

Says a lot when even the most famous funds shrank in the bear. Results would have been very similar to just buying bitcoin at dollar cost average over time.

error08

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Indeed, just holding while watching bitcoin price spike

but then plummet is pretty poor strategies that really push my patience without getting a piece of cake in the event.
Most people aren't good traders to navigate in this volatile cryptocurrency market, so smart holding compliments between just holding and active trading to increase my bitcoin holdings and prevent panic selling in bear market. Recently, sold at $8,400 and buyback at $7,800 makes me feel good.

sana54210

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I invested in bitcoin the second time before the value surged in April, and as a believer of bitcoin, my ultimate goal is to be among people that will withdraw their investment when bitcoin reaches another new ATH, and I know completely well that prior to that, there is going to be lots of corrections.

This bitcoin investment is not a Ponzi market where there are no external influences controlling it like Ponzi that is strictly being controlled internally, and having known this, I expect that we will always have volatility before the price shoots up to its peak, this is one of the days that I have prepared for, and it really does not pain me when I see this because I know and believe that the value is still coming to that expectation of mine as a long term investor of bitcoin.

Murat

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I have a strong belief that Bitcoin is one of the best platforms which could bring to you a lot of potentials for further progress, within this platform, I observed a lot of positive and negative sides for a couple of years, for me, Holding is the best and safest trick in order to make more Bitcoin through this process, Smart holding is not very different from this one, I don't like any hassle and any difficulties regarding this issue, so holding is as always seemed to be the best one. But I don't agree with your another point that Bitcoin is going to touch again 3k, If this thing happens then it would be a massive loss in terms of credibility towards people who wants to join in this platform but they are observing it yet, So I wish your opinion will go wrong and Bitcoin will gain its price within a couple of weeks.

DeathProxy

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Buying and just holding bitcoin till it pumped its not a smart strtegy from investors, as a smart investor you need to trade in between your hold peroid. And that is why you need to have propwr knowledge of technical analysis, learn about bitcoin charts, indicators. This gives you an heads up when a major support is been broken and the need to sell and rebuy at another good entry point. With this strategy tou get to increase your number of bitcoin coin you holding

KnightElite

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Quote from: Superalgos on October 04, 2019, 08:44:04 AM

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

Holding is only profitable if you will buy coins that have potential. Most of the holders lose their money because they hold bag of shitcoins. Before we hold a coin, we should be smart on picking wise coin in order to ensure that we will not experience losses.

Sadlife

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Quote from: Superalgos on October 04, 2019, 08:44:04 AM

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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.

believe me this is what most people wanna do.to sell high and buy low but the problem is the volatility that cannot be predicted,just like when the price goes low 2% people tend to say 'its ok it will grow again later'and then continues to fall then people says 'its ok it will grow tomorrow'and when they woke up they are at large losses then will they say'its Ok we will Hold until the price grows back again'

Quote

Then, with the same capital, you increase your bitcoin holding every time prices drop. [/b]

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how i wish that is easier to do but its not mate.so its better to HODL

iamsange

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Quote from: Meowth05 on October 07, 2019, 10:06:48 AM

Quote from: ?? on ??

Quote from: iamsange on October 07, 2019, 04:05:06 AM

Maybe people who do buy and hold and back up is kind of smart holder. Because from what i see, while i only hold my bitcoin without do anything, some of my friend do it. He said that if he buy in cheaper price, it is like martingale strategy in trading.

Yeah, I do that too, I just hold my Bitcoin without doing anything. Because I am a person who works from morning till night so I do not have time to monitor charts in the market, I'm just waiting for the moment the Pump arrives, I believe what I do is the best for my mind and health. I don't need to do anything, just hold.

Same as you pal, I prefer to hold my bitcoin and doing nothing since I don't have time to check the market since I got a lot of things to do. Besides, I don't want to spend my bitcoins because the market is bleeding, it is better if I'd just stay put my holdings rather than to purchase some coins that without guarantee of getting a high return.

In other side, if we see market everyday, maybe more often than everyday like every hour we can be bored to wait because price not moving. Or maybe when we see market and it still not in a good price, can scared us and make us panic. For holding it is better to leave it like what and maybe 3 times in a week to check is good to do.

buwaytress

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Quote from: LogitechMouse on October 07, 2019, 02:09:11 AM

Quote from: Superalgos on October 04, 2019, 08:44:04 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'm one of them and I know that it is a very risky move for me but I trust Bitcoin that is why I'm risking it. I'm ready into any situation that can happen to Bitcoin even it goes up or down Wink

.

I don't think I can ever equate hardcore believers (let's use that phrase loosely!) with going almost all in on Bitcoin.

I would certainly say that those guys who went all in like Didi Taihutti (sp.) at least has only to convince his wife and kids of his decision, plus he gets all kinds of gigs all over the world and then has enough to rent, and still sells of BTC to live, fine.

But most regular people can't afford to do that -- not simply financially but because other people depend on them. Literally.

If I were an island, you bet I'd be all in.

And that still wouldn't make me more hardcore than say, those cypherpunks spreading the word in Rojava, or Antonoupoulos spreading the word in classes -- neither of them buying Bitcoin to hold.

BitHodler

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Quote from: yangongear on October 07, 2019, 11:02:43 AM

I used to experience that feeling when I bought BTC at $ 2k8 in 2017 when it went up to $ 4k I sold when it was profitable, but it continued raising to $ 19k in December 2017.

I remember that very well. People were calling the top at every round price level ($3k, $4k, $5k and so on), but they ended up seeing the price go up much further for the rest of the year. It must have felt bad after having sold so low.

The funny thing is that people did the same on the way down, where each round price level was said to be the bottom.... reality was that we didn't bottom out until we nearly hit the $3k mark, where people then expected even lower levels.

That perfectly shows how irrational the crypto market really is. It goes up and down well beyond what people consider over/undervalued. Never underestimate the risk of investing in crypto.

Superalgos

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Quote from: yangongear on October 07, 2019, 11:02:43 AM

Quote from: Superalgos on October 04, 2019, 08:44:04 AM

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.

The problem is, not all of us here have ability to do that, I mean who can make a decision about when prices have decreased to sell, and when prices have stabilized and can be bought. I used to experience that feeling when I bought BTC at $ 2k8 in 2017 when it went up to $ 4k I sold when it was profitable, but it continued raising to $ 19k in December 2017.

You are certainly right. Unless you make a living out of trading, few people have the time to be on top of all their investments. That is why we are working on automating our trading. It takes time to get a strategy properly described in mathematical terms so that it can be automated, but once it's done, it is mostly autonomous and can do all the trading on its own, just like i would do myself, following the same rules and logic I follow.

yangongear

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Quote from: Superalgos on October 04, 2019, 08:44:04 AM

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.

The problem is, not all of us here have ability to do that, I mean who can make a decision about when prices have decreased to sell, and when prices have stabilized and can be bought. I used to experience that feeling when I bought BTC at $ 2k8 in 2017 when it went up to $ 4k I sold when it was profitable, but it continued raising to $ 19k in December 2017.

pinggoki

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Quote from: ice098 on October 07, 2019, 04:01:06 AM

Quote from: Superalgos on October 04, 2019, 08:44:04 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?

If I were you, I will never put most of my savings on bitcoin, because I have no savings yet, do not put large amount of money if you are afraid to lose it. We can't predict market, it is very hard to understand, sometimes bitcoin goes down sometimes it pumps, I think what am I doing is called smart or wise holding. You need to look for each circumstances that are gonna happen.

That is why we only should risk the money we can afford to lose. I like your courage of placing all of your savings in bitcoin, it is a high risk and that what makes it good because the more risk you take the higher return you will get. Investing in bitcoin is not that too risky because it has a high potential. Bitcoin is a very promising coin that will give a profit but it will take a long time. Bitcoins do goes down and there's nothing we can do about it but take it as an opportunity to purchase more and wait for the uptrend then sell. It is a matter of patience I'd say.

posi

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Quote from: AicecreaME on October 07, 2019, 09:21:46 AM

Quote from: Rebisco on October 06, 2019, 06:45:35 PM

Quote from: Superalgos on October 04, 2019, 08:44:04 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?

If you are a investor then your goal is to earn profit in a long period of time. I am a trader and perception of trader and investor are different. I only buy bitcoins if my technical analysis me a signal to buy. I keep making profit in a short period of time.

A real trader trades his coins whatever the market status is, thus he will gain profits everyday. Traders know how to take advantage of any situation that the market will give to them.

Point of correction, a real traders don't need to trade in very market conditions cause there's always a time for everything and not every market condition are good for day trading. Mind you, crypto trading is a learn basis you learn more everyday when you make lost or a success trade and taking advantage of the market have to do with time and patiently study of the market.

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Quote from: iamsange on October 07, 2019, 04:05:06 AM

Maybe people who do buy and hold and back up is kind of smart holder. Because from what i see, while i only hold my bitcoin without do anything, some of my friend do it. He said that if he buy in cheaper price, it is like martingale strategy in trading.

Yeah, I do that too, I just hold my Bitcoin without doing anything. Because I am a person who works from morning till night so I do not have time to monitor charts in the market, I'm just waiting for the moment the Pump arrives, I believe what I do is the best for my mind and health. I don't need to do anything, just hold.

Same as you pal, I prefer to hold my bitcoin and doing nothing since I don't have time to check the market since I got a lot of things to do. Besides, I don't want to spend my bitcoins because the market is bleeding, it is better if I'd just stay put my holdings rather than to purchase some coins that without guarantee of getting a high return.

AicecreaME

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Quote from: Rebisco on October 06, 2019, 06:45:35 PM

Quote from: Superalgos on October 04, 2019, 08:44:04 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?

If you are a investor then your goal is to earn profit in a long period of time. I am a trader and perception of trader and investor are different. I only buy bitcoins if my technical analysis me a signal to buy. I keep making profit in a short period of time.

Investors and Traders are the same, I mean you can't be a trader if you will not be willing to invest some money on cryptocurrency, and not all of the investors needs a long period of time for them to earn profits. Based on OP's subject, my opinion would be, you cannot self-proclaimed that you are a Trader if you are just hodling your coins in your account in an exchange.

A real trader trades his coins whatever the market status is, thus he will gain profits everyday. Traders know how to take advantage of any situation that the market will give to them.

SummerBliss

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Quote from: Superalgos on October 04, 2019, 08:44:04 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.

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?

The problem with hodlers are that they blindly trust Bitcoin. You can't just put X money on any random day and expect your investment to go to 2X after a while. Investing in Bitcoin requires deep-laid strategy else you may lose money due to dynamism of Bitcoin's price.
So to become smart investor, it is required that you keep changing your position after a while. With USDT coming to play, changing situation have become easier than ever. Rather than keeping your money in solely in BTC, try chasing rallies and sell at higher prices, then again return to your position during correction by buying at cheaper price.

Oasisman

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Quote from: Superalgos on October 04, 2019, 08:44:04 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?

Holding is somehow being smart isnt? As long as youre not selling when everyone else are panicking.
I dont think there's this someone who you labeled as "just holding", for sure these people arent just holding, they have set a target when to sell.
I guess regret on selling your Bitcoin in a much cheaper price isnt smart as well right?

Topic: Smart hodling vs just hodling - page 7. (Read 1427 times)