To me, the utmost goal of a hardcore hodler is to accumulate bitcoin, as much as possible, always managing your risk level.
For that reason, the smart 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.
The strategy is explained in this article recently published in Hackernoon: How to Increase your Bitcoin Holdings in a Bear Market - Part I
Topic: Smart hodling vs just hodling - page 8. (Read 1472 times)
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.
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?
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. 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 back down to the $3K range?
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?
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?
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 back down to the $3K range?
Smart holding for me is holding the coin only until it presents itself to be viable.
Always check the news, rumors, and even gossip for anything related to the coin. Make sure that you get ahead of the common trader and buy or sell before the news strikes mainstream media or else by then, you'd be left in the dust of traders who will make the most of ever opportunity and exaggerate the shiat out of everything.
Although I consider myself as a believer, I wouldn't have the courage to put all my savings in BTC... volatility is too high and things just change too fast...
It will depend on the level in which you bought in, but I would hold, bag in hand, waiting for the best opportunity... remember, pacience is one of the most important things in crypto...
I would bet the bull run is still comming and that this downfall is just normal movement after the rise since April....
It will depend on the level in which you bought in, but I would hold, bag in hand, waiting for the best opportunity... remember, pacience is one of the most important things in crypto...
I would bet the bull run is still comming and that this downfall is just normal movement after the rise since April....
so far I also believe in hardcore bitcoin. however, I can only believe in the potential increase in the price of bitcoin. although currently there is a bear market, now I only see it as an opportunity to have a large amount of bitcoin.
however, we will not know the potential of bitcoin before halving happens in 2020. the opportunity is huge, even every halving happens, there will definitely be a bull run there. so far I have only held bitcoin for that reason. for now, I'm just reading and waiting for the latest information
however, we will not know the potential of bitcoin before halving happens in 2020. the opportunity is huge, even every halving happens, there will definitely be a bull run there. so far I have only held bitcoin for that reason. for now, I'm just reading and waiting for the latest information
legendary
Activity: 2576
Merit: 1043
Little_Mouse Campaign Management | OrangeFren.com
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 
.However, how painful is it to watch bitcoin price plummet?
When I first experienced the bull market last 2017, I didn't felt anything since I'm a newbie at that time. When I experienced the year of hell last 2018, I didn't felt anything too. Maybe I'm just rock-hearted when it comes to investments 
. I saw Bitcoin go up so much and go down so much already and I felt nothing 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.
Many believed it too but there is a quote saying "What goes up will go down" and that happened to Bitcoin. A little bit expected but I don't see Bitcoin going back to its previous lows of ~$3000.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?
One is to analyze the market and learn when is the perfect time to buy and sell.Another one is to just accumulate more Bitcoin and hold for the long run.
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?
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. 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 back down to the $3K range?
storing aseet cryptocurrency must be as thorough as possible and looking for potential coins so that you can benefit when you save for the long term, for me because I am too busy with work in the real world I prefer to only hold bitcoin for as long as I can.
So, a question for hardcore hodlers... would you sell your bitcoin if you KNEW the price is going down, only to re-buy later at a cheaper price?
Of course i did. I mean if there is any chance for me to grow my btc then why not i take that chance.!! But i think it's difficult to know when price going to down i guess. So that's why those people who don't know a lot about trade they just buy btc and hold for a specific time and they sold it.
So, a question for hardcore hodlers... would you sell your bitcoin if you KNEW the price is going down, only to re-buy later at a cheaper price?
I will rebuy bitcoin again at a lower price, and I don't want to sell bitcoin if the price is going down. That will make me lose some money, although I can buy more bitcoin at a lower price. It is better to still hold the bitcoin than to selling bitcoin at a lower price, and we have time to wait for the price to be back to the higher rate. I think that is what other people do with their bitcoin because they have the same reason as me to hold the bitcoin. It's no need to be a hardcore holder to hold bitcoin still because every people can hold it for a while if they don't want to get lost the money by selling their bitcoin at that time.
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?
I will be lying if i say that i will not worry when the price of bitcoin plummet, not only with bitcoin but with any form of investment and if the market goes down you will be worried on when the recovery will be. I have put my savings in bitcoin alone, earlier i used to diversify in alt coins too but now i only focus on bitcoin and the free coins i got because of the forks we had in bitcoin and i am here for the long term, so these small corrections will not hurt me as i have a clear idea on what to do with my investment. However, how painful is it to watch bitcoin price plummet?
So, a question for hardcore hodlers... would you sell your bitcoin if you KNEW the price is going down, only to re-buy later at a cheaper price?
I would sell half of the bitcoins I'm holding if I know the price of bitcoin will going down (how I wish I could for real), then buy again at a cheaper price and hodl it. I know you are going to ask why only half, well it is because a reassurance, I don't if it worth it so I'll put my half of it as a bet, and if things go either way, then I would still have something remaining that I will sell if the bitcoins price go even more higher.
It is all about strategies, you can't make profits if you are too afraid, and you can't also make profits if you are too bold.
Just hodling would be something like holding a small amount for like one year and it's stupid because even if the price double is not worth waiting all that time when you can make x6 if you do daily trading. another stupid thing is buying bitcoin at very high price and hold it even when the price starts to crash without any action to minimize your loss.
Smart holding is when you buy large amount of bitcoin at very cheap price, let say around $3000, and hold until the end of uptrend, at that point you must sell it otherwise the holding strategy will start to work against you.
Smart holding is when you buy large amount of bitcoin at very cheap price, let say around $3000, and hold until the end of uptrend, at that point you must sell it otherwise the holding strategy will start to work against you.
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.
For me I think that prices will bounce back again, as many people expect, 2020 will be a good year for bitcoin. Even though this year's rally has been cut off at around $14k, who knows that next year will be much better?
So, a question for hardcore hodlers... would you sell your bitcoin if you KNEW the price is going down, only to re-buy later at a cheaper price?
I will definitely sell my bitcoin but won't sell it all since the crypto market is full of surprises. Therefore, I will sell a 60% portion of my bitcoin in other to later at cheaper price and the opportunity to buy at cheap price didn't happen the remain 40% is enough to be a partaker of the market profit.These are the strategy most people ought to use rather than vaporize all their holding.
hero member
Activity: 2786
Merit: 657
Want top-notch marketing for your project, Hire me
I prefer not to hold btc. I am more trader rather than holder. Perhaps if I grow by bag, then I will turn into smart holder. But now I don't think I have enough funds for long term holding.
It is more wise for me to trade with margin and grow capital
With the crypto market full of possibilities and huge profit occasion can occur anytime neither using only the smart holding nor just holding strategy are the wiser decision because the diversification strategy is the best way not miss every opportunity the market pose and it also the profitable way to flourish in any business system. It is more wise for me to trade with margin and grow capital
I prefer not to hold btc. I am more trader rather than holder. Perhaps if I grow by bag, then I will turn into smart holder. But now I don't think I have enough funds for long term holding.
It is more wise for me to trade with margin and grow capital
It is more wise for me to trade with margin and grow capital
Crypto is such unpredictable space that only hodling for long term like other investment asset isn't really a good investment strategy. Keeping stop losses, regular market watch and changing the position is needed in regular interval because price change is pretty significant once the trends starts and this you can't afford to overlook. If you didn't exit BTC during highs of 2017-18, that wasn't a smart decision whether you were in for short or long term. There was enough hype to make you cautious of the rising prices.
One needs to understand regular check is important even if you are long in cryptos because there is no monitoring authority and high volatility which can ruin your investment if not taken care.
One needs to understand regular check is important even if you are long in cryptos because there is no monitoring authority and high volatility which can ruin your investment if not taken care.
So, a question for hardcore hodlers... would you sell your bitcoin if you KNEW the price is going down, only to re-buy later at a cheaper price?
Jump to: