Topic: Thoughts on Straight HODL vs Trading - page 11. (Read 1212 times)
For newbies HOLD is the best suited for your money and to leesen the risks in your money pick or search the best coin other than ETH or BTC. Those two are currently unstable now. Maybe pick one of this LTC,BCH,XRP
In my opinion you will make more money by trading if you do it correctly.
If you look at how many times BTC travels $1000 up and down imagine being able to trade those up and down.
You can make exponentially more profit however there is risk of losing money.
I agree but unfortunately there are no many people who can makes constant profit from trading, it needs knowledge of analysis technical to prediction of the price, management of money to reduce risk losing of money in trading activity. Personallity i choose short time investment in trading and long time investment in some the potential of digital coins in the future. If you look at how many times BTC travels $1000 up and down imagine being able to trade those up and down.
You can make exponentially more profit however there is risk of losing money.
Either way, it's still risky. Let me put it this way, okay? I made a huge mistake when I am trying to hold lots of them until I can make my first millions. Right now, I have lost more than 70% of the value because of holding it for the entire month of January. If I had sold some, I would have made some nice money in my pocket and reinvest some of those coins that are in the top 100. But if there will be a huge bull run this year, those coins are worth holding.
As for trading, it is risky as well. If you are not skilled enough to trade, there's a higher chance that you will be losing money. Even if you are a skilled trader, it is still risky and you can lose a lot of money if you're making a wrong move.
As for trading, it is risky as well. If you are not skilled enough to trade, there's a higher chance that you will be losing money. Even if you are a skilled trader, it is still risky and you can lose a lot of money if you're making a wrong move.
I have tried both strategy with my altcoin and found out that I was missing the chance to multiply my total holding for really long time. Trading is best thing to do specially during the stagnant price like now, where price keep swinging few hundreds dollar everyday or multiple times a day.
I am doing day trading and already doubled my one of the altcoin.
Day trading will only work for those who have many alts or those who have a great value of that coin, I have tried day trading and when the price drops of Ripple before then next day arise, I sell it. It is a sure profit if we have time to watch the market every time.. I am doing day trading and already doubled my one of the altcoin.
I have tried both strategy with my altcoin and found out that I was missing the chance to multiply my total holding for really long time. Trading is best thing to do specially during the stagnant price like now, where price keep swinging few hundreds dollar everyday or multiple times a day.
I am doing day trading and already doubled my one of the altcoin.
I am doing day trading and already doubled my one of the altcoin.
I DO HOLDING AND SELL IT TO MY TARGET PRICE IS EASY TO THOSE WHO HOLD BUT BE SURE TO MONITOR YOUR TOKEN BEFORE IT GOES DIP!!!
That is one thing that really hinders us to earn a huge amount. Our emotional capability and instincts thinking that "this may be the best time to sell this", or "this may be the best time to buy this coin while its price is down in the gutter". Then after some time, the worst case happens, either the coin that we thought that it will be the best time to sell it, turns out that its price increased folds than when we sold it or the coin that we bought thinking that the price is very reasonable also turned out that the price decrease lower.
In my opinion you will make more money by trading if you do it correctly.
If you look at how many times BTC travels $1000 up and down imagine being able to trade those up and down.
You can make exponentially more profit however there is risk of losing money.
If you look at how many times BTC travels $1000 up and down imagine being able to trade those up and down.
You can make exponentially more profit however there is risk of losing money.
What I mean by straight HODL is that your hold through the crashes and the rises until you inevitably cash our and by trading I mean that you hold for a few months and then sell into fiat and wait for the expected dip/recession.
What i've noticed over the past years is that if I was less greedy and just cashed out after a reasonable profit and then held until the inevitable crashed, I would have made much more money than if i just held or bought another coin.
An example of this is when I bought eth at 475 and sold at 1380. Right after I sold I bought ltc at 230 thinking that it was gonna skyrocket after some of the money from the eth will flow back into the other coins. The problem with that was that the entire market crashed and so if I were to just hold my fiat i would have been able to easily double my money.
Let me know what your guys's thoughts are on this.
I'll make my explanations simpler. Inevitable crash is normal but in today's crash i cannot say its like that. The coin you buy and have a profit then transferred into other altcoins then a sudden crash happened. Straight hold is better if the case stays wherein you bought at very deep or cheap price example icx if you bought when it first available in exchange at low price $1 and get a peak more than $4-$5. At this point of crashing going back in $2 you are still in profit than selling at the peak and buying an un pumped coins then crash was a loss. What i've noticed over the past years is that if I was less greedy and just cashed out after a reasonable profit and then held until the inevitable crashed, I would have made much more money than if i just held or bought another coin.
An example of this is when I bought eth at 475 and sold at 1380. Right after I sold I bought ltc at 230 thinking that it was gonna skyrocket after some of the money from the eth will flow back into the other coins. The problem with that was that the entire market crashed and so if I were to just hold my fiat i would have been able to easily double my money.
Let me know what your guys's thoughts are on this.
You are right but it's not that always the price is going to crash imagine you sold and the price rose even higher you will then buy it back at a higher price thinking that this is a uptrend and price will keep on rising but finally completely opposite happens of what you expected
There isn't any ways of predicting a crash if you are lucky you will make profit else you will panic and finally make a huge loss
There isn't any ways of predicting a crash if you are lucky you will make profit else you will panic and finally make a huge loss
this strategy is only working if you think what you are HODLing is worth it. for example if you really believe that there is some reason for it to be adopted more so its demand rises and with it the price of it in the long run.
for bitcoin, i do believe this and i think because of its limited and small supply and the increasing demand, bitcoin price will rise in the long run so that is exactly what i am doing with bitcoin, i keep buying and earning more and hold for long term.
but for altcoins i do not see this and i believe that there is a bigger chance for them to drop and never come back up again because there is no real demand for them and also they have ridiculously high supplies and some of them don't even have limited supply (no cap). so i only trade altcoins in short term.
for bitcoin, i do believe this and i think because of its limited and small supply and the increasing demand, bitcoin price will rise in the long run so that is exactly what i am doing with bitcoin, i keep buying and earning more and hold for long term.
but for altcoins i do not see this and i believe that there is a bigger chance for them to drop and never come back up again because there is no real demand for them and also they have ridiculously high supplies and some of them don't even have limited supply (no cap). so i only trade altcoins in short term.
That's the exact reason why a good number of people just hold or "HODL". You simply just can't predict how the markets are going to move. Sure, people do technical analysis for a reason, but it only works to a certain extent in my opinion. If you like spending a good number of hours a day analyzing charts, then sure go for trading. But if you'd rather do something else throughout your day, then just hold.
Your definitely right but what im talking about is doing longer term trading not daily trading. Market are more predictable over a longer period of time because after a period of large growth you can definitely expect a correction or a downturn period. The risky variable in all this is trying to predict how long each of these periods will last and how much change in price will occur.
Ah. sure. Definitely a lot less risky doing long term trades. But still though, my point still stands. You really don't know for sure how the market is going to move. But it's really good to take profits is my opinion. Probably just don't dump your coins in one go; probably just a good percentage of your holdings just so you won't completely regret it if the prices skyrocket more after you sold.
That's the exact reason why a good number of people just hold or "HODL". You simply just can't predict how the markets are going to move. Sure, people do technical analysis for a reason, but it only works to a certain extent in my opinion. If you like spending a good number of hours a day analyzing charts, then sure go for trading. But if you'd rather do something else throughout your day, then just hold.
Your definitely right but what im talking about is doing longer term trading not daily trading. Market are more predictable over a longer period of time because after a period of large growth you can definitely expect a correction or a downturn period. The risky variable in all this is trying to predict how long each of these periods will last and how much change in price will occur.
That's the exact reason why a good number of people just hold or "HODL". You simply just can't predict how the markets are going to move. Sure, people do technical analysis for a reason, but it only works to a certain extent in my opinion. If you like spending a good number of hours a day analyzing charts, then sure go for trading. But if you'd rather do something else throughout your day, then just hold.
What I mean by straight HODL is that your hold through the crashes and the rises until you inevitably cash our and by trading I mean that you hold for a few months and then sell into fiat and wait for the expected dip/recession.
What i've noticed over the past years is that if I was less greedy and just cashed out after a reasonable profit and then held until the inevitable crashed, I would have made much more money than if i just held or bought another coin.
An example of this is when I bought eth at 475 and sold at 1380. Right after I sold I bought ltc at 230 thinking that it was gonna skyrocket after some of the money from the eth will flow back into the other coins. The problem with that was that the entire market crashed and so if I were to just hold my fiat i would have been able to easily double my money.
Let me know what your guys's thoughts are on this.
What i've noticed over the past years is that if I was less greedy and just cashed out after a reasonable profit and then held until the inevitable crashed, I would have made much more money than if i just held or bought another coin.
An example of this is when I bought eth at 475 and sold at 1380. Right after I sold I bought ltc at 230 thinking that it was gonna skyrocket after some of the money from the eth will flow back into the other coins. The problem with that was that the entire market crashed and so if I were to just hold my fiat i would have been able to easily double my money.
Let me know what your guys's thoughts are on this.
I do both, I have coins that is stored in my wallet and I will never use it , I will only sell it when it reach the target price I set and I have coins for trading.
I do not know how many people are doing a month trading but even with holding it on a months time there are still risks involve just like what happened in your example but what if the market did not crash the bull run continues and you could have tripled your money.
The strategy of holding for a really long term is less riskier as through thick and thin you will still hold the coin.
There is more POTENTIAL money that can be made in trading. It will just depend on your luck, strategy and emotions.
What I mean by straight HODL is that your hold through the crashes and the rises until you inevitably cash our and by trading I mean that you hold for a few months and then sell into fiat and wait for the expected dip/recession.
What i've noticed over the past years is that if I was less greedy and just cashed out after a reasonable profit and then held until the inevitable crashed, I would have made much more money than if i just held or bought another coin.
An example of this is when I bought eth at 475 and sold at 1380. Right after I sold I bought ltc at 230 thinking that it was gonna skyrocket after some of the money from the eth will flow back into the other coins. The problem with that was that the entire market crashed and so if I were to just hold my fiat i would have been able to easily double my money.
Let me know what your guys's thoughts are on this.
What i've noticed over the past years is that if I was less greedy and just cashed out after a reasonable profit and then held until the inevitable crashed, I would have made much more money than if i just held or bought another coin.
An example of this is when I bought eth at 475 and sold at 1380. Right after I sold I bought ltc at 230 thinking that it was gonna skyrocket after some of the money from the eth will flow back into the other coins. The problem with that was that the entire market crashed and so if I were to just hold my fiat i would have been able to easily double my money.
Let me know what your guys's thoughts are on this.
That is the risks involve. We don't know when the market will pump or dump. For now, I suggest that you hold your coins that you currently have and if you have more capital, take this opportunity to buy more coins. The crypto market is not green right now but I truly believe that this is just a trial in which when the market overcomes, will give us a stronger and more profitable industry.
Im definitely not selling right now but what I was getting at was that its very hard for bitcoin to or any other crypto rise 500% in price over the course of a year or so without experiencing bearish market periods that last for several months.
What I mean by straight HODL is that your hold through the crashes and the rises until you inevitably cash our and by trading I mean that you hold for a few months and then sell into fiat and wait for the expected dip/recession.
What i've noticed over the past years is that if I was less greedy and just cashed out after a reasonable profit and then held until the inevitable crashed, I would have made much more money than if i just held or bought another coin.
An example of this is when I bought eth at 475 and sold at 1380. Right after I sold I bought ltc at 230 thinking that it was gonna skyrocket after some of the money from the eth will flow back into the other coins. The problem with that was that the entire market crashed and so if I were to just hold my fiat i would have been able to easily double my money.
Let me know what your guys's thoughts are on this.
What i've noticed over the past years is that if I was less greedy and just cashed out after a reasonable profit and then held until the inevitable crashed, I would have made much more money than if i just held or bought another coin.
An example of this is when I bought eth at 475 and sold at 1380. Right after I sold I bought ltc at 230 thinking that it was gonna skyrocket after some of the money from the eth will flow back into the other coins. The problem with that was that the entire market crashed and so if I were to just hold my fiat i would have been able to easily double my money.
Let me know what your guys's thoughts are on this.
That is the risks involve. We don't know when the market will pump or dump. For now, I suggest that you hold your coins that you currently have and if you have more capital, take this opportunity to buy more coins. The crypto market is not green right now but I truly believe that this is just a trial in which when the market overcomes, will give us a stronger and more profitable industry.
What I mean by straight HODL is that your hold through the crashes and the rises until you inevitably cash our and by trading I mean that you hold for a few months and then sell into fiat and wait for the expected dip/recession.
What i've noticed over the past years is that if I was less greedy and just cashed out after a reasonable profit and then held until the inevitable crashed, I would have made much more money than if i just held or bought another coin.
An example of this is when I bought eth at 475 and sold at 1380. Right after I sold I bought ltc at 230 thinking that it was gonna skyrocket after some of the money from the eth will flow back into the other coins. The problem with that was that the entire market crashed and so if I were to just hold my fiat i would have been able to easily double my money.
Let me know what your guys's thoughts are on this.
What i've noticed over the past years is that if I was less greedy and just cashed out after a reasonable profit and then held until the inevitable crashed, I would have made much more money than if i just held or bought another coin.
An example of this is when I bought eth at 475 and sold at 1380. Right after I sold I bought ltc at 230 thinking that it was gonna skyrocket after some of the money from the eth will flow back into the other coins. The problem with that was that the entire market crashed and so if I were to just hold my fiat i would have been able to easily double my money.
Let me know what your guys's thoughts are on this.
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