Topic: Stack sats / HODL philosophy (noob question) (Read 206 times)

When you’re a HODL'er it means that you’re saving up a particular amount for a long time. It can be for as long as you want and you can as well be buying more coins and adding to the ones you have already.

I do hold my coins and there are times that the market will fall and I will still buy more coins at that cheaper rate and add to what I have, after buying the coins I will still continue to hold till the time that I have planned to sell the coins. You just have to do whatever you feel is right for you, some people just hold because they are not good with day trading.

Stay with that kind of belief and somehow let us meet in the Finals.
Maybe we could toast a beer and have a party.

Point of being a holder is to just keep it until a time comes where you could spend it.
That is my opinion.
But some just does it long term. Yes, a long term investment which means they are still waiting for a big pump and they will probably sell it all or half of it.
Also means, it is still cash which they prefer.
We have our own choices though so let us just respect that.

The stack sats principle is quite compatible with the "invest what you can afford to lose" recommendation... So it is a fairly safe way to invest/hold, in my opinion. I would invest maybe 1-5% of what I earn on daily basis if there is a safe way to do so. By safe I mean through methods that are Blockchain-friendly.
In regards to trading, I prefer it because you invest once in a while from fiat to crypto rather than regularly stacking from fiat to crypto.

Possibly. While we don't really know for sure, if ever they still have a good chunk of BTC to dump in the markets, yes it definitely would affect bitcoin's price, but just in the short-mid term. In the end, they will simply just get bought by various people hence effectively distributing out the coins. What matters most is the long-term valuation.

I think most people here just own a little Bitcoin they collected from bounties/campaigns/small personal investments, so they didn't stack sats. "Stack sats" is a fairly new trend, I don't remember it being around a year or two ago. The idea isn't new of course. The members who were longer on this forum just sit on the coins the bought a long time ago when the price was in 2 or 3 digits area. Maybe they are still buying a bit, but majority of their share comes from earlier days.

HODL just means not trading frequently and never panic selling. It doesn't matter how you acquire your coins, it's all about not selling too early.

they probably don't have much BTC left. in december chainalysis had definitively identified 45k BTC belonging to the plustoken scammers, 25k of which had already been cashed out. according to this march update, they've cashed out another 23k BTC since that time.

they are sitting on ~800k ETH that's been mostly untouched since the exit scam. they could certainly do some damage with that.

As far as I know, nobody knows for sure. Finding the right time to trade is always going to be difficult, which is why there is a stop-limit order in place.

Still, watching how the market move while holding your current savings is not a bad thing either.

Are the fees really a big factor? I'd buy at Coinbase which has a 0.5% taker/maker fee (cheeky as it used to be 0.3% taker, 0% maker). I thought that these fees would be insignificant compared to the % gains btc is widely expected to make over the next couple of years proceeding the upcoming the halving...

Thanks very much everyone for your replies, I understand the difference now.

It certainly seems to make sense to be part HODL'er part swing trader in blatant bull/bear markets.

My only concern with trading in the near future is the PlusToken scammers. Don't they still have loads of btc/alts that they're randomly going to keep dumping, thus significantly messing with price action?

Right at the beginning of knowing about bitcoin, a little over 2 years back I was keen on trading alts and increasing my bitcoin holdings. A known guy invested too much in alts (0.4 BTC) during the bull run and has lost almost 10x during the 2018 dump. At the current trading prices, his total holdings is worth just over 0.04 BTC. Right after this incident, I totally moved away from trading pump and dump alts and have been accumulating only bitcoin and popular alts as much as I can.

During the 2018 December dump, I invested some amount in Bitcoin and have kept aside those for relatively long term in my cold storage. Later on, just bought some little amounts during the dips and even now trade them with Ethereum, Monero and some popular alts. I have traded and cashed out the little amounts and all I risk now are the profits which were received from trading in various top 10 alts. The remaining btc of mine are held as physical crypto collectibles as if at one point of time bitcoin dumps strongly,  my collectibles would help me in accumulating even more bitcoins.   I would never touch the cold storage even how low the bitcoin goes or how higher the bitcoin goes over time. Rather I accumulate some top alts along with my beautiful collectibles.

I was quite late to investing in bitcoin but I have ventured into most of the popular fields of bitcoin investment like HODLING a significant btc for longer term, trading alts and stacking some percentage of alts, investing in physical crypto collectibles and so on.

The whole hodl philosophy is to keep crypto and not sell in any way. Even if you think you need to do it right now, be patient.

If you just want to increase your bitcoin holdings then holding is not the best option.
Trading is the way to increase your holding buy at low price then sell at high price always do this not only buying you also need to sold your holding if you see a signal that the price go lower in that case you can rebuy back at lower and increase the sats you are holding.

+1. people who bitch and moan about hodlers for hoarding, or speculators for causing volatility, are super annoying. bitcoin was created to stop other people from controlling our money and what we do with it.

i'm part holder, part spender, part trader, part gambler......

How can you chill when are you just 'stackin sats'? If that is your strategy that that is a constant buying, there's no chill part on it.

As oppose to long term HOLDer's those who bought when the price is still cheap and then continue to buy in dips.

OP, I have my own philosopy, but it doesn't matter. If you want to HODL, you HODL, if you want to SPENDL, you SPENDL. You want to TRADL? Then you TRADL.

Store of value, medium of exchange, trade it, save it, spend it. Go!

It's safe to assume that most here are hodlers.

Hodlers could either be DCA investors, or lump sum investors(big amounts at a time).

To sum it up:

• Hodler: a person who holds bitcoin regardless of price
• stack sats and chill: hodler + continuing to buy bitcoin(or sats, specifically)

I'm sure that there aren't any 100% fanatic HODLers and any 100% day traders,who don't HODL even a sat.
The HODLers usually HODL a part of their Bitcoins and trade coins with another part.The day traders can be HODLers at the same time.Nobody is a HODLer forever.There's a certain price,where the HODLers will sell their BTC.It might be at the new ATH,it might be below the ATH,or it might be slightly above 10K USD.
I don't use the "stack sats and chill" tactic(buying small amounts of BTC here and there and hoarding)
because buying BTC is expensive and in the end,you are going to pay more fees for buying those small chunks of Bitcoins.

Let me compare these approaches to the real world examples.

Stack sats and chill - It's known as SIP in real world. A certain amount of money goes into buying bitcoin at a certain interval. You don't need to worry at the price level because with this approach, you will average out your buying price. Real world example - Mutual fund.

HODL - literally means Holding as you have said. Buy lump-sum whenever possible and hold it for a long time so that you can maximize the profit. Very similar to the time deposits of banks. Just the return is not guaranteed.

Hope this makes sense!

it depends on what amount you have in mind when you say "stack sats". in many cases among newcomers the "satoshi" amount is too low and sometimes even the faucet level amounts such as 10 satoshi! in which case it is a total waste of time.
but if it is more meaningful amounts that you put aside, like setting aside some small amount of money and buying bitcoin with that, then it makes sense and can be considered a good investment strategy.

There's a difference in your philosophy and those that invest in the long term. That's basically it, and well, different traders have different approaches so as to what to do with their money, so nothing we can do about that. I'm more to the Trader side, though I don't do any complicated stuff. Buy low, sell high, basically my entire trading life.

HODL just means not to sell, whether the market price is very high or very low. Takes a lot tbh, but if you've experienced the 2017 times till today, you'd be pretty much experienced about it. You've pretty much seen every wave there is if you've been trading since then after all.