You have to observe the price index, portfolio of risk, possible return and you want to be an investor for a long time. If you want quick gain then you can trade in a short time. Both of them have their gains or losses. You have to make sure that in which platform you want to play. It is an uncertain platform but you have to ensure certainty of possible gains.
Topic: Thoughts on Straight HODL vs Trading - page 2. (Read 1212 times)
The two things you have explained are still HODL. It all depends on you, how long you will be able to have patience and what your target is, and of course that’s if you do have any target; some people whenever they want to trade or invest, they always set their target which is something that they are okay with.
Hence, if you have target and you HODL your coins or token for some months and then reach target, you can sell instead of waiting, or you can also decide to wait some more if the market is still showing more signs of an increase.
Hence, if you have target and you HODL your coins or token for some months and then reach target, you can sell instead of waiting, or you can also decide to wait some more if the market is still showing more signs of an increase.
It is better to keep it for a long time but sell it if the price goes up. If you expect more profit, the price of the currency often goes down. Now that the price of the currency is rising a lot, it is better to hold than to trade. If we invest and hold on in the long run, it is possible to get double profit if the price goes up. Before that, the market volatility must be maintained by checking the value of the currency. Bitcoin and Ethereum are good currencies to hold.
Holding for a month is still the same thing as HODL, but it wouldn’t make any sense to just hold for a month when the price is going nowhere or even falling. It is usually best to hold your coins for a long time and wait till the price goes up and you will make better profit. And it will be good if you are aware of the right time to buy your coins, when you want to Hodl , times like this that the market is calm and stable is always right to start your investment so that by the time you hold it for long you will probably make profit.
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Another reason I don't actively trade is that I think technical analysis is a bunch of voodoo witchcraft nonsense. [The only time it makes any sense to follow charts is when there's a very obvious bull run,] and in that case you just follow the momentum.
Well, I agree and the bolded part above. I have been seen many prediction and a lot of technical analysis but non of them give accurate result, it seems they are specualting and guessing the market movements. We know that there is an obvious bull run, --first, because of having that had months passed and I think few months after halving happened there's an effect on the market and we were waiting and expecting this bull run will happen. Second is, the adoption of crypto especially bitcoin has been increase and also the usage on it, it is also a chances to have bull run.Another reason I don't actively trade is that I think technical analysis is a bunch of voodoo witchcraft nonsense. [The only time it makes any sense to follow charts is when there's a very obvious bull run,] and in that case you just follow the momentum.
I am prefer on straight holding and waiting for bull run. Trading is good, but for the non full time in crypto, trading forex or in crypto is very risky, you need to give up your permanent job and choose one, --which is I dont want.
I’m usually more on straight HODLing, especially Ethereum. Been holding my Ethereum since it was between $200-$210 because I’m so hyped with Ethereum 2.0 and DeFi.
When is ETH supposed to go PoS? I thought it already had for some reason. And as far as any PoS coin goes, holding long-term is probably your best bet anyway, as the real advantage in any of them is the income they generate.I've never been into active trading, not in stocks and definitely not in crypto, which is far more risky IMO. I get that traders can make enormous profits because of the volatility of altcoins (especially the crappier ones), but I don't have the balls or the stomach for it. I'm all for holding bitcoin for the long-term, as I think we're going to see a new ATH within the next couple of years. I thought bitcoin might even get there in 2020, but the whole COVID-19 thing kind of derailed its momentum.
Another reason I don't actively trade is that I think technical analysis is a bunch of voodoo witchcraft nonsense. The only time it makes any sense to follow charts is when there's a very obvious bull run, and in that case you just follow the momentum.
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 am not agree to hold maximum token for long time. Obviously i will sell if i got 1/3 price that i targeted first then i will try to trade but not for all coins. I must research that coins roadmap, team sprit, market volume..etc everything. Yes at present time BTC and eth can be hold for long time as their market volume, trust is good but if i go for maximum tokens its my bad decision. Finally i will say fiat money is everything always as we don't know when market will pump or dump. So if i got lam sum money form any coin i must sell it.
thanks.
To be honest, straight hodl is not my favorite strategy for making profit, because patience is needed. Straight hodl can work well
if done long-term, then coins with strong fundamentals that fit this strategy. Like Bitcoin, Ethereum, Litecoin and Ripple. The advantage
of straight hodl does not require much time to monitor the market, we only need to monitor the market twice a week.
if done long-term, then coins with strong fundamentals that fit this strategy. Like Bitcoin, Ethereum, Litecoin and Ripple. The advantage
of straight hodl does not require much time to monitor the market, we only need to monitor the market twice a week.
I think I would go with trading.
Still, this depends on how you wanted it. You can't just do trading if you doesn't prefer it, right? Another thing is that trading is more risky than holding but the thing is that trading has a higher chance of giving a profit. With a lot of altcoins with potential in the market, there are still those that is scam and won't survive the market.
I’m usually more on straight HODLing, especially Ethereum. Been holding my Ethereum since it was between $200-$210 because I’m so hyped with Ethereum 2.0 and DeFi. It even reached $408 before crumbled down to almost $300 and went up back again to $380+.
Same thing for the other tokens I am holding for the past 2 years like TRX, Steem, Hive, etc. As for trading though, it would be good if you’re a skilled trader. Not just by means of buying low and selling high, but analyzing the chart, patterns, candlesticks, etc.
If you want to HODL it straight, make sure that you think long-term of that coin or token you bought.
Same thing for the other tokens I am holding for the past 2 years like TRX, Steem, Hive, etc. As for trading though, it would be good if you’re a skilled trader. Not just by means of buying low and selling high, but analyzing the chart, patterns, candlesticks, etc.
If you want to HODL it straight, make sure that you think long-term of that coin or token you bought.
In some cases holding long term seem to be the better option, currently as I make this post eth is trading at $396 which is a decent amount of profit from your entry point, but we have to realize that not all coin/token are worth the long term hodl, some are better off short - midterm hodl because of the nature of project development and team dedication,
If you continue to hodl, I believe it will yield more profit for your investment, eth is top project and be can be rely on.
Straight hold is the better option for those who have little or no experience in trading, it is very easy to loss money in trading if you don't know how, but straight hold on the other hand has less risk, just hold and wait for the right moment to sell, I do more of straight hold, I have my personal job to attend to so I can't commit myself to trading.
Personal opinion is that you will invest half of the money you have and you can save half which can be used for your future. If you are willing to take the risk you can invest half of your money and use the other half which you can use if you lose later. In other words, a good decision depends on what time you are making a decision but if you say how much bitcoin you have bitcoin is better to wait and see right now.
Why not do both? Even HODLers will sell a small amount at some point, which technically makes them traders as well. I like cypto that has actual use cases so I guess it depends on what you purpose is in the first place for having crypto. You can always HODL an amount on a cold wallet and trade and then you can put profit back into the vault. That way you dont risk your savings.
Holders will still sell at any point. There is no point of holding it if you will not profit from it.The reason why we hold because we're waiting for a better price to get rid of it and take the profit with us. I do both. I hold and I also sell if I see a good point of price to sell.
Why not do both? Even HODLers will sell a small amount at some point, which technically makes them traders as well. I like cypto that has actual use cases so I guess it depends on what you purpose is in the first place for having crypto. You can always HODL an amount on a cold wallet and trade and then you can put profit back into the vault. That way you dont risk your savings.
Every holder is a trader at some point because they might sold their cryptos when they needed it and bought it later for cheaper price so literally they are nothing but the long term holders.We need to store the cryptos in a wallet as you said but I will maintain separate wallet for storing the profits from trading so it will be easier to track the profits made from crypto trading.
Why not do both? Even HODLers will sell a small amount at some point, which technically makes them traders as well. I like cypto that has actual use cases so I guess it depends on what you purpose is in the first place for having crypto. You can always HODL an amount on a cold wallet and trade and then you can put profit back into the vault. That way you dont risk your savings.
To be honest, straight hodl is not my favorite strategy for making profit, because patience is needed. Straight hodl can work well
if done long-term, then coins with strong fundamentals that fit this strategy. Like Bitcoin, Ethereum, Litecoin and Ripple. The advantage
of straight hodl does not require much time to monitor the market, we only need to monitor the market twice a week.
HODL has become the normal for crypto supporters of certain projects. They even started a different name for themselves. I think it was codl. if done long-term, then coins with strong fundamentals that fit this strategy. Like Bitcoin, Ethereum, Litecoin and Ripple. The advantage
of straight hodl does not require much time to monitor the market, we only need to monitor the market twice a week.
The advantage
of straight hodl does not require much time to monitor the market, we only need to monitor the market twice a week.
Indeed and this is the reason why I chose to be a long term hodler.of straight hodl does not require much time to monitor the market, we only need to monitor the market twice a week.
I dont have time to monitor the market few times a day because of my daily job thus I chose to buy a good coin and ideal to hold for long period then sell the price reach my target price.
So far im not disappointed that I use this strategy because I already gain profit holding for long period.
To be honest, straight hodl is not my favorite strategy for making profit, because patience is needed. Straight hodl can work well
if done long-term, then coins with strong fundamentals that fit this strategy. Like Bitcoin, Ethereum, Litecoin and Ripple. The advantage
of straight hodl does not require much time to monitor the market, we only need to monitor the market twice a week.
if done long-term, then coins with strong fundamentals that fit this strategy. Like Bitcoin, Ethereum, Litecoin and Ripple. The advantage
of straight hodl does not require much time to monitor the market, we only need to monitor the market twice a week.
I’m usually more on straight HODLing, especially Ethereum. Been holding my Ethereum since it was between $200-$210 because I’m so hyped with Ethereum 2.0 and DeFi. It even reached $408 before crumbled down to almost $300 and went up back again to $380+.
Same thing for the other tokens I am holding for the past 2 years like TRX, Steem, Hive, etc. As for trading though, it would be good if you’re a skilled trader. Not just by means of buying low and selling high, but analyzing the chart, patterns, candlesticks, etc.
If you want to HODL it straight, make sure that you think long-term of that coin or token you bought.
Same thing for the other tokens I am holding for the past 2 years like TRX, Steem, Hive, etc. As for trading though, it would be good if you’re a skilled trader. Not just by means of buying low and selling high, but analyzing the chart, patterns, candlesticks, etc.
If you want to HODL it straight, make sure that you think long-term of that coin or token you bought.
???depends what kinda person you are in many cases holding is better
I thought straight holding is okay and good to do always but I’m wrong because of the conflicts of the business that they encounter while day trading is a daily basis of income there’s assurance.
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