Smart hodling vs just hodling - page 9.

princerepon

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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

I think in this forum everyone is hardcore bitcoin believers including me. But i didn't put my most of my savings in bitcoin. Cause in my country bitcoin is not easy to use like dollar. And yes, it's really painful to watch plummet bitcoin price. Specially whom guys hold it from very long time.

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.

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 was really great bull run in December 2017-January 2018. And i believe that kinda bull run you can not see every year. But i can say recent bull run give some relief for holders at least. And sorry to say you it's really difficult dream if you want to see bitcoin price at $3k again.

ufaiz50

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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?

I might also be a bitcoin believer, but my brain prefers to think realistically, so I tend to be on the side where they gives me benefits. Seeing bitcoin falling is very painful especially for holders, in my opinion rather than watching prices go down while holding a bag, then it would be better to be on the side of the coin that gives you an advantage, that is what I think when thinking about smart holders.

samcrypto

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Quote from: cryptoknightt on October 04, 2019, 06:50:05 PM

I think saving in a smart way will make you able to get more profit than just holding an asset by leaving it alone, there are many ways to be able to get a lot of profit when holding a coin, you should be able to learn the pattern well.

Holding alone is not that good if its a shitcoin but if its bitcoin then its fine but if you want to earn then you can hold and sell when the price goes up and buy again if the price dumps again. Smart holding is the key to become more profitable, also whales are doing this because they know its worth it.

1Referee

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Quote from: MonsterV on October 05, 2019, 02:34:36 AM

When I hold bitcoin then I will not be affected by price going up and down, I will sell it in next few years, that's what it's called holding. @OP talks about holding and in my perspective smart holding is a trade like what you say while just holding is holding and not being affected by market fluctuations.

I think it somewhat does affect even the most hardcore holders, especially if the price hovers above a certain level for a longer period of time. At some point you get used to your stack being worth x $$, which makes you feel good, but when the price does a 50% correction, it's impossible to not feel somewhat bad about it.

It makes you think about how you could have done things differently, etc. It's perfectly normal since we're humans at the end of the day. A lot of people here have most of their net worth sitting in Bitcoin, either through price appreciation or just because they put in their hard earned money. Rationally speaking, perhaps it would be healthier to reduce one's exposure to reduce the level of stress that comes with it.

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Quote from: Superalgos on October 04, 2019, 01:12:10 PM

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?

Thats consider a smarter way to hold more bitcoin ether and thats realy the trading job do. Buy low and sell high and buy more in low again and again but it depends on a trader also there are some trader who that and there are some that loves to jus hold and hold for long term.

Not that smart if you think about it. I used to do it but it was so hard to find a good entry point and the exchange fees weren't helping.

The smarter way of hodling is when you buy in a bear market and keep buying until you're out of fiat. Then you sell some profit in the bull market and keep the rest. This way you have enough to live by while your main investment keeps growing.

ardentvolcanoes

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Quote from: Superalgos on October 04, 2019, 01:12:10 PM

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?

Thats consider a smarter way to hold more bitcoin ether and thats realy the trading job do. Buy low and sell high and buy more in low again and again but it depends on a trader also there are some trader who do that and there are some that loves to just hold and hold for long term.

If you can manage to follow the trend and you are willing to risk your chances, there's lot of traders who are working with this kind of trading strategy, it's tough and risky but if you do succeed you then increasing your assets. By keep repeating the process you'll be learning much deeper ways of investing your money, trading is the place where opportunities are open to those who are willing to work and succeed.

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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?

Smart hodling vs just hodling? Firsf of all let's differentiate smart hodling and smart hodling. Smart hodling or holding is where you put your savings and buying coin and holding it until the very big pump up that may come, so that they can earn a lot of profit. While just holding means your just holding your coins and nothing will happens because you will go out once you need a money for emergency purposes.

smart holding is considering the fundamental factors of the coin and the roadmap itself

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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.

Mate I'm not like you because I'm too scared to fully trust btc. I know the posaible profits but at the same time I'm aware of the risk which I face that's why I'm only taking few portions of my money and invest on it.

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?

Hmm, what we are doing is already called smart hodling. We buy on a lower price, wait for the time btc's price increase and then sell. That's all you can do if you are a pure long term hodler. Our success mostly depends on fortune and time. If btc is stabilizing on the $10k mark then so be it, if the price finally rise then thank God. You know what I'm saying?

GreatArkansas

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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?

Here you go, there are lot of people like you. It's normal.
The best thing to don't want to worry, simple, just invest what you afford to lose. I know that advice is really popular and generic but that's work.
And the example is you, you are worried especially when Bitcoin is only doing some price correction.
You are worried because you are afraid to lose your hard earned money putting in Bitcoin.
Just think some whales out there who are believer on Bitcoin since the beginning and hodling Bitcoin no matter how the huge the volatility on Bitcoin's price.

MonsterV

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Do both, Smart holding by trading part of what you hold on a few coins, analyze some coins that will go up and take advantage of every bounce while waiting for bitcoin to rise again.

Quote from: dimonstration on October 04, 2019, 11:45:17 PM

Since the market isn't going well yet, then holding should not be an option of the traders who can manage to trade well. Holding smart maybe is holding only coins that have plans to update in the future or those top altcoins now, holding should be smart trading since we can still able to earn if we learn how to read graphs and indicators rather than holding it and just wait for outcomes we don't know when will happen.

When I hold bitcoin then I will not be affected by price going up and down, I will sell it in next few years, that's what it's called holding. @OP talks about holding and in my perspective smart holding is a trade like what you say while just holding is holding and not being affected by market fluctuations.

maydna

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I don't feel it's painful because I believe every time bitcoin price drops, the price will rise back, no matter if it increases in a long time. But I only feel oh wow, I need to convert more bitcoin to get some cash, hahaha.

But we can be smart people if we can sell bitcoin at the very highest price and hold that money for buying bitcoin at the very lowest price. We will see bitcoin price will reach more than $100k, but we also have a chance to see the bitcoin price will reach the lowest price.

So whenever we see bitcoin can hit the highest price, we should sell bitcoin right away so we can take the money. It's not good if you don't have a target price to sell bitcoin because that will makes you wait for a long time without knowing what the best price for you to sell is.

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Quote from: shoreno on October 04, 2019, 11:55:38 PM

Quote from: AicecreaME on October 04, 2019, 01:50:32 PM

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.

makes no sense if you hodl and dont know anything on why you entered that business. the one you said about making profits while hodling/waiting, i think that is not what you call an investment but that is already a trading . hodling takes time to earn unlike to trading that you need to scout for the possible opurtunities to earn.

smart holding is still better than hodling alone due to the smart root word . it means that your working smarter

But in the crypto market, I really don't appreciate holding. because the market is highly volatile and coins can drop over 80% in just a few weeks and never grow again.
and holding is just a waste of time and isn't appreciated. No matter how smart we are, holding becomes worthless.

shoreno

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Quote from: AicecreaME on October 04, 2019, 01:50:32 PM

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.

makes no sense if you hodl and dont know anything on why you entered that business. the one you said about making profits while hodling/waiting, i think that is not what you call an investment but that is already a trading . hodling takes time to earn unlike to trading that you need to scout for the possible opurtunities to earn.

smart holding is still better than hodling alone due to the smart root word . it means that your working smarter

dimonstration

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Quote from: cryptoknightt on October 04, 2019, 06:50:05 PM

I think saving in a smart way will make you able to get more profit than just holding an asset by leaving it alone, there are many ways to be able to get a lot of profit when holding a coin, you should be able to learn the pattern well.

Since the market isn't going well yet, then holding should not be an option of the traders who can manage to trade well. Holding smart maybe is holding only coins that have plans to update in the future or those top altcoins now, holding should be smart trading since we can still able to earn if we learn how to read graphs and indicators rather than holding it and just wait for outcomes we don't know when will happen.

nydiacaskey01

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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?

I use to buy Bitcoin and just hold it for a long time but since I already witnessed Bitcoin spiked up and dropped like a ball, I don’t hold on to it for a long period of time. Nowadays when I place a Buy order, I always have a Sell price in mind. If you don’t plan your exit ahead of everything, you will end up witnessing your money going down the drain.

When you buy at $8,100 today at what price do you plan to let it go? I said price because if we look at days weeks or months, lets say you committed yourself to Sell after 60 days and yet the price on that day is below your Buy price, are you going to proceed and Sell?

I am not an expert trader, but when I trade, I see to it that I can earn at least 2% -3% then move on.

Shasha80

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Many people are confused about what smart holdling is like, let's talk a little. Smart holdling means storing coins that can
bring profit in the future. In my opinion, most crypto players are smart holdling without them knowing. But which
so the problem is only a few who have confidence in the coin that has been chosen for holding it. Well at this stage
many switch to just holdling. because coins have been sold before touching the highest price. Because it's true smart holdling
will wait until the point where the coin has brought a large profit, then released or sold the coin.
Oh dear there's nothing really wrong with just holdling, the important thing is that we both get profits. What distinguishes
the magnitude profit earned only. So it is up to each person to want to be smart holdling or just holdling.

glendall

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I never bothered with the market price, whether it fell to 1000 usd, I still believe BTC will go up because the market is showing bullish, and the chart shows an uptrend, the chart never lies,
that's why I prefer being a smart holder without doing anything, because it's fun.

cryptoknightt

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I think saving in a smart way will make you able to get more profit than just holding an asset by leaving it alone, there are many ways to be able to get a lot of profit when holding a coin, you should be able to learn the pattern well.

1Referee

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Quote from: sweetbet on October 04, 2019, 04:50:21 PM

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.

I like that thinking. A lot of people act like a bunch of self-proclaimed experts where we are today, while there was no way to know what the market would do before it peaked out around $20,000. I honestly wouldn't have been surprised if it would increase well past the $20,000 level with how irrational the market was. Nothing made sense anymore at that point.

It's important to take into consideration that people technically didn't even care what price they bought at. All they cared about was to obtain x amount worth of Bitcoin or Ethereum to buy into an ICO. $10,000 worth of Bitcoin at a price of $20,000 is the same as $10,000 worth of Bitcoin at $50,000. People bought Bitcoin to directly transfer it to the ICO they wanted to invest in. It wasn't meant to be a long term hold.

vintages

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In as much as I always look up to the price to stay up to date, I don't get hooked in it.
I try as much as possible to don't get influenced by FUD cause it always comes whenever there are price dump. There are some investors who just create panic during these dump periods, just try not to get emotional about it. To me, getting hold of your emotions is just the smart way to go about on crypto hodling.

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