Topic: the Hodl and why. - page 2. (Read 5175 times)

If you must then a good motive would be to pay down mining operation expenses/loans.

I never,ever read a very sound  and lucid reason for being a bear

If you don't explain things in a lucid fashion then people without experience would get swayed by the mad FUD and eccentric and biased TA that abounds in here! 

so,go on and tell us some real good reasons for being a bear !

What is this, a bulls only support group? Who are you trying to convince?

I agree wholeheartedly that weaning yourself off thinking always in fiat would be great - but for many people coming into the game and for most in the game (me included) it starts with thinking in fiat terms! So addressing the issues in this way is going to strike a chord with most! 

You can make big profit with trading but you must stay on the screen all day all night. Then most of your profit is used on drugs to balance stress or stay focused.

So fuck the trading. I am hodling.

The OP is self-justification and an insight in the uncertanty of TS.

True: If you can't trade HODL. It is a good strategy I do it too and most people should.

If you think you can make "more" money hodling then you're still thinking in terms of fiat.
If you think in terms of being able to buy more with crypto you are truely free of thinking fiat.

Cars will still devaluate if you buy them with bitcoin. The only thing that will change is how much you can buy with an amount of fiat/coin.

Thank you for this sensible message!

A word to new people thinking of trying their hand at trading: with hindsight everything looks easy.

I have lost track of how many short-term predictions from experts and traders have been wrong - I would say certainly the majority I have seen here. Many people have lost a lot of money trying to double their money quickly, rather than simply investing in the fundamentals and waiting for extraordinarily good profits a year or two down the line.

Unless you have money to burn or a sixth sense, do not day-trade with Bitcoin. Investing for the long-term has proven to be far more profitable for most.

Given the many large *crashes*, read, I only have 500% rather than 2500% since I purchased, and the risk of trading , being in fiat, and then seeing an order of magnitude jump in BTC, but missing out, or put another way selling because BTC has peaked, and only to buy in later less coins...and this has happened so many time now, eg, every one who bought at $250, and just held would still be 300% ahead now, for these reason the Hodl I believe has arisen. Hodl has just encapsulated a latent understanding of the BTC operation, and it didn't have an adequate descriptor before.

Hodl has several advantages.
Less stress.
You wait for the BTC services to come to you.
Every day more  goods and services can be purchased directly for BTC, so its more efficient to wait.  
You stand a better chance of doing a 10x by Hodl, but 10x in trading is not easy
What are you going to do with your Fiat anyway? So you have FIAT now....what are you going to buy with it. Apart from say a good house, not much else is life changing, just a car that will devalue, or some plastic crap, or tech gadget that will be obsolete in 3 years. Essentially for whatever reason you went into crypto in the first place, it going to be difficult to find a better thing to do with the FIAT than be in crypto.

I'm not against say spending a portion of Hodl (making me a small h Hodl) so you can get something, or perhaps your initial Fiat back, so you can Hodl better.

I'm just trying to articulate the inchoate thinking behind hodl and why it resonates.

I'm not against trading, just remember for every winner in a trade there is a looser, and you can loose twice in an evaluation event.