The idea of hold coin (hold to die) is killing you - TIPS TIPS TIPS

Lucius

legendary

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Quote from: squatz1 on April 23, 2018, 07:43:41 AM

The big flaw in everything you're saying is the fact that you think that everyone and anyone can predict the moves of the market. It isn't going to happen, and it is the core reason in which people do HODL. They don't want the risk of trying to do day trading, in crypto it is something which is killer, the same thing is present in the regular stock market.

Day trading hasn't worked for a long time, it's proven to make you lose even during bull runs. Holding is the only thing which has been able to win out, why NOT follow it?

OP is just looking at things from the perspective of the trader,it makes no sense for him to just hold coins if you can profit with them.But in reality there is a very small percentage of those who can make profit on a daily or monthly basis.A good part of those who trade mostly rely on luck,one week you have good profit,other week you loose all you earn and even more.

For most people holding is safest way,you just need to store your coins in best secure way-trading can be a very lucrative job for those who know what they are doing.Also in trading there are additional risks,keeping coins in exchange(hack of exchange,phishing),sending to exchange/back to wallet(the possibility of sending to the wrong address).

pawanjain

hero member

Activity: 2702

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Nothing lasts forever

Quote from: anhchangdeptrai13 on April 08, 2018, 04:12:57 AM

if you are a holder, it is a bad thing to hold to die. Hold coin ( hold to die ) blindly express :

1. You are a person who does not know anything about the market. You do not know the market analysis. You do not know when to uptrend and downtrend to sell to maximize profits or avoid losses. It is the lack of knowledge of a holder.
2. As an investor you have to know about the market and the most important thing is to make a profit.It's not speculation, it's the knowledge of an investor. You have to understand a growth cycle. It usually has uptrend and downtrend. If you are a holder. you must determine this cycle to maximize profit, but do not hold to die.

You should :

-Understand the long-term trend of BTC
-Know the bottom of a coin
-Determine when stoploss if you lose less than 10% on the purchase price.
-Sell when you are profitable
-Patience in buying, selling fast and buying slowly.
-Hold coin is not always good,, you should have the knowledge about chart to maximize profits

I would agree to few of your points and disagree the rest. I agree that "Just Holding" the coins won't be sufficient as we might be losing good opportunities to make more money. We have to keep the trading active but then not everybody was born intelligent. The first thing that matters is the speculation. Nobody can accurately predict the prices of crypto. One can still take the risks but the people who don't want to take the risks are the ones who just keep on holding for a long term. Apart from that we cannot assure that every attempt we make to maximize profit would result in a success. So let us just leave to the people whether they want to hold or speculate.

Gurjinder

newbie

Activity: 23

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Dont Stuck with any Crypto, when it'll in top gainers takeout your investment back. this is the only thing i learned in past years. HODL if you want to do, do with only first 10 currencies.

squatz1

legendary

Activity: 1666

Merit: 1285

Flying Hellfish is a Commie

The big flaw in everything you're saying is the fact that you think that everyone and anyone can predict the moves of the market. It isn't going to happen, and it is the core reason in which people do HODL. They don't want the risk of trying to do day trading, in crypto it is something which is killer, the same thing is present in the regular stock market.

Day trading hasn't worked for a long time, it's proven to make you lose even during bull runs. Holding is the only thing which has been able to win out, why NOT follow it?

ufaiz50

hero member

Activity: 1666

Merit: 502

Quote from: anhchangdeptrai13 on April 08, 2018, 04:12:57 AM

if you are a holder, it is a bad thing to hold to die. Hold coin ( hold to die ) blindly express :

1. You are a person who does not know anything about the market. You do not know the market analysis. You do not know when to uptrend and downtrend to sell to maximize profits or avoid losses. It is the lack of knowledge of a holder.
2. As an investor you have to know about the market and the most important thing is to make a profit.It's not speculation, it's the knowledge of an investor. You have to understand a growth cycle. It usually has uptrend and downtrend. If you are a holder. you must determine this cycle to maximize profit, but do not hold to die.

You should :

-Understand the long-term trend of BTC
-Know the bottom of a coin
-Determine when stoploss if you lose less than 10% on the purchase price.
-Sell when you are profitable
-Patience in buying, selling fast and buying slowly.
-Hold coin is not always good,, you should have the knowledge about chart to maximize profits

I appreciate your tips, but the lack is you do not tell how:
-how to Understand the long-term trend of BTC
-how to Know the bottom of a coin
At least what you say is true that as investors we have to pay attention to it, HODL to die I'm not sure those guys actually hold until he dies :v, because from what I see when there is an increase they will sell the crypto they hold.

freesia_pnp888

newbie

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"hold coin is not always good" well at least it is, in my case.

siddartha1492

sr. member

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In love with Bitcoin!! 💓💕

Well, some of us are not great riskers. My hands are steady holding, but shake during trading. That's because as you said demonstrates lack of knowledge about market, downtrends and uptrends, weak analysis etc. Sometimes, I think about trading and getting rich quickly. Buy low, sell high. But then I realize I don't have enough funds to absorb the losses. I am slowly learning to trade. For example, I have stopped buying and selling at market price. I place buy and sell bids now. It's still a blind shot as I don't analyze graphs and all, but till now all my bids have fulfilled. Guess, the holders patience help here!!

Fenixsfeather

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Quote from: muncuss on April 22, 2018, 05:16:29 PM

Blindly hold for years is no problem as long as you put your money in good coin. We all know what happen to bitcoin holders who hodl for years

I agree with your opinion. Guys, who usually said that hold is a bad trading strategy, sold their bitcoins, when it's cost $500-1000. So do you really think that holding killing someone? Competent choice of coin can bring some x for holders. As I think fast trading is more risky.

muncuss

full member

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Blindly hold for years is no problem as long as you put your money in good coin. We all know what happen to bitcoin holders who hodl for years

jmlona

member

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Merit: 16

To MAXIMIZE profit is it fundamental to be able to read and interpret the market in the way you have mentioned but you kind of contradicted yourself in saying that you should know the long term trend. If you consider that to be an upward trend (I'd assume holders do) then holding is a perfectly viable strategy. The strategy that makes you the most money is not always the best one. Some people may not have the time to do more than just hold or they may not feel it is worth the emotional stress to be more active.

shams

sr. member

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No one says that buy any coins and hold it for the long term always try to buy a good coin and hold it holding any coins with not technology and concept is not worth it.

Arwinkim

member

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It doesn't really matter to hold any asset until we die as long as we believe its growth will be positive along the years. I know Bitcoin is extremely volatile but seeing its growth when it was created, undoubtedly this is gonna be a good investment for retirement like myself.

squatz1

legendary

Activity: 1666

Merit: 1285

Flying Hellfish is a Commie

Well yes, everyone wishes that they knew the 'bottom' of the coin, but that's something that NO ONE KNOWS AT ALL. People aren't going to be able to time the market in crypto just like they cant time anything else relating to investments, it's impossible and will lead you to either EARN LESS, or LOSE MORE.

Long term holding, in most market, leads to the most gains over time -- it is like this in traditional markets, and as of RIGHT NOW it is that way in crypto.

MinerHQ

legendary

Activity: 1456

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Quote from: anhchangdeptrai13 on April 08, 2018, 04:12:57 AM

1. You are a person who does not know anything about the market. You do not know the market analysis. You do not know when to uptrend and downtrend to sell to maximize profits or avoid losses. It is the lack of knowledge of a holder.
2. As an investor you have to know about the market and the most important thing is to make a profit.It's not speculation, it's the knowledge of an investor. You have to understand a growth cycle. It usually has uptrend and downtrend. If you are a holder. you must determine this cycle to maximize profit, but do not hold to die.

Even experts can't predict market conditions correctly always.

Can you tell us when is the next uptrend accurately?

Quote from: anhchangdeptrai13 on April 08, 2018, 04:12:57 AM

-Know the bottom of a coin

Do you know the bottom of the coin? Telling is very easy but predicting thing accurately is a most difficult thing. Anyone knows this accurately will be a millionaire.

Quote from: anhchangdeptrai13 on April 08, 2018, 04:12:57 AM

-Hold coin is not always good,, you should have the knowledge about chart to maximize profits

If you have invested in a good coin means which has a growth in the future then nothing wrong in holding the coin or even averaging down your buy prices if prices go down. You shouldn't invest money in some shit coin and hold them for long.

Markets not always move as per the chart calculation but many unexpected things can change your chart calculations.

moshk555

member

Activity: 224

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No one says that buy any coins and hold it for the long term always try to buy a good coin and hold it holding any coins with not technology and concept is not worth it.

anhchangdeptrai13

jr. member

Activity: 84

Merit: 5

if you are a holder, it is a bad thing to hold to die. Hold coin ( hold to die ) blindly express :

1. You are a person who does not know anything about the market. You do not know the market analysis. You do not know when to uptrend and downtrend to sell to maximize profits or avoid losses. It is the lack of knowledge of a holder.
2. As an investor you have to know about the market and the most important thing is to make a profit.It's not speculation, it's the knowledge of an investor. You have to understand a growth cycle. It usually has uptrend and downtrend. If you are a holder. you must determine this cycle to maximize profit, but do not hold to die.

You should :

-Understand the long-term trend of BTC
-Know the bottom of a coin
-Determine when stoploss if you lose less than 10% on the purchase price.
-Sell when you are profitable
-Patience in buying, selling fast and buying slowly.
-Hold coin is not always good,, you should have the knowledge about chart to maximize profits

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