Stack sats / HODL philosophy (noob question) - page 2.

joniboini

legendary

Activity: 2170

Merit: 1789

Quote from: Darker45 on March 22, 2020, 09:14:28 PM

Sometimes the "stack sats" remain but the "chill" is gone. But that I guess is very normal especially if the value is plummeting. The important point is that the HODL continues.

Isn't it the other way around? I kinda get the feeling that the 'chill' part is about keeping/holding your bitcoin on your wallet regardless of the short-term price movement.

Hodler doesn't necessarily mean they don't or do DCA or stacking satoshi, it's the 'chill' part of OP philosophy if I understand it correctly.

Darker45

legendary

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Merit: 1860

Quote from: jdn_ldn on March 22, 2020, 08:24:23 PM

Do many of you follow this approach or are you mostly traders?

I have a specific amount that is specially set aside for long term HODLing no matter what happens. And I am always trying to add sats to it little by little. I have another amount that is traded mostly during large swings. And a more limited amount for spending and converting into cash.

Quote

Another question- When people preach HODL philosophy (obviously I know it means hold) is this the same "stack sats and chill"... or are the HODL'ers just those that invested big at some point in the past and are long-term holding a single position?

HODL does not refer to a specific amount or range of amount; it refers to the act of keeping your BTC intact in your wallet, however small or big it may be, despite the rough ride, not necessarily in an unflinching way but definitely with more resolve than the weaker hands. Sometimes the "stack sats" remain but the "chill" is gone. But that I guess is very normal especially if the value is plummeting. The important point is that the HODL continues.

jdn_ldn

newbie

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Merit: 7

I'm fairly new to this space and I'm quite keen on the "stack sats and chill" DCA approach as opposed to trading as I believe in btc long term. I mean I just want to add to my btc holdings whenever I can at whatever price and don't care much for short term price movement, no matter how drastic. Do many of you follow this approach or are you mostly traders?

Another question- When people preach HODL philosophy (obviously I know it means hold) is this the same "stack sats and chill"... or are the HODL'ers just those that invested big at some point in the past and are long-term holding a single position?

Topic: Stack sats / HODL philosophy (noob question) - page 2. (Read 206 times)