Thoughts on Straight HODL vs Trading - page 7.

BlockchainTalksInfo

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Quote from: Sinecoin on March 15, 2018, 09:45:12 PM

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.

When you trade, always trade for something less volatile, and this is fiat. Your marchandise is crypto, and your objective is to increase your stock
Hodling is not the best strategy, but wise trading is. Analyze the market and play by the established rules, not by your feelings or assumptions

ipanks

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Quote from: Borisb52 on March 26, 2018, 05:46:35 AM

Quote from: Sinecoin on March 15, 2018, 09:45:12 PM

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.

The essence of the investment is to sell the bought coin exactly when it reaches the point of sale. You determine the point of sale for yourself. . So you sell a coin only when the coin can give you the profit that you have planned.

this is the plan of the investment but if we apply this in the cryptocurrency then it will not work like that because the price could go into any place and if someone is not strong enough to see the change of the price, he will be stress and he cannot think about his investment. the investment in cryptocurrency itself means that we don't use the coin for some periods and if the price is not too good then we have only had two option which is still held or sell before the things become worst.

Markperop

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Quote from: marseille on March 28, 2018, 02:25:59 PM

Simply holding is really a boring process and will never allow you to grow your bitcoins so I will prefer to go for trading and investing in different altcoins with good potential either to rise in short term or in long term and it can give me huge profits in quick time which is never possible with holding coins and that is the reason I will put my vote on trading different coins daily instead of holding it too long.

In this moment, I completely agree with you, since it also allows you to control the whole process and be at least more or less confident that your profit will be real. But this can not be said about investments for the long term.

mrproblem

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HODL without any aim is a nonsense acting.
HODL till which price ? There should be a target to HODL if not you are loosing your time and also your money.

naidray

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Quote from: Sinecoin on March 15, 2018, 09:45:12 PM

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.

You have concluded rightly already anyway and it seems a lot of us have been in the picture already trying to hold even in this so called huge correction. You have raised a valid point, but obviously not all of us can just sell at once and the market at some point will always get greedy which is why I always prefer a steady growth than a speculative greedy growth but for someone who can trade this change of trend, then it is always the best.

Quote from: bearexin on March 28, 2018, 01:22:57 PM

I feel we always miss the truth and let people go astray by thinking they can just sell anywhere and buy anywhere, without any knowledge on analysis or how to make use of indicators and that has made a lot of people to lose out a lot at the end.

When you are lacking in knowledge on where to buy or sell then straight holding is the only way you can manage making profits from trading. You must remember one fact : holding is also a kind of trading but takes more time still produces equivalent profits.

KEPLER99

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Quote from: bearexin on March 28, 2018, 01:22:57 PM

Quote from: supercanada1 on March 20, 2018, 02:12:29 PM

Quote from: creeps on March 19, 2018, 07:45:06 AM

Quote from: cryptodv on March 16, 2018, 03:42:04 PM

I've never been good at trading, I HODL all my coins, plus I don't have time to sit around and execute or place sell/buy orders. I've made excellent money just holding good projects, ie.. $NANO, $NEO, $ETC, $ARK

Holding is the best strategies for all of us who are busy in somethings and can’t find way to monitor the market 24/7. Personally, I just buy good coins at a lower price, and sell if its already hit my target price. Either you trade or just hold, sure profit will come to you if you have your goal.

There is no doubt that the holding process is full of the profits and guaranteed profits but it must also be kept in mind that the amount of profit after the holding is very less than the one with we can get after the trading. The important thing here is how much time do you have for this market because if you are committed in the other things than it will be difficult for you to do the trading so go for the holding else you can trade for better profit.

Obviously, and we also have to understand that if you do not know how to trade effectively, the amount you are holding can go lower if you trade and you would have been better off holding anyway.

I feel we always miss the truth and let people go astray by thinking they can just sell anywhere and buy anywhere, without any knowledge on analysis or how to make use of indicators and that has made a lot of people to lose out a lot at the end.

That is the reason why I always mention that trading is a proper profession. It is not a fun or a game that you can play just to make money by few random clicks. Here in trading you have to define your future by making those moves which are logical and are designed after deep market analysis. It is not like gambling where you are just relying on your fate to increase or decrease your wealth. In trading you are responsible for your moves.

tbterryboy

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Quote from: Sinecoin on March 15, 2018, 09:45:12 PM

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.

No matter how you do this, whether trade or HODL, there are risks involved. There will always be times when the market will pass through a bearish period which might take a long time like we are experiencing now. It always happens, but the good thing is that after experiencing all that, it will skyrocket and go above the last highest price. I will just say that both ways are good, if the other doesn’t favor you, the other one would. So the both are good.

Sinecoin

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Quote from: marseille on March 28, 2018, 02:25:59 PM

Simply holding is really a boring process and will never allow you to grow your bitcoins so I will prefer to go for trading and investing in different altcoins with good potential either to rise in short term or in long term and it can give me huge profits in quick time which is never possible with holding coins and that is the reason I will put my vote on trading different coins daily instead of holding it too long.

I dont think bordom is what most people think about when trying to make a money. A disciplined investor will wait patiently if he/she has to to keep their money safe or grow it. Second of all, growing your bitcoin or altcoin stack is one way of looking at investing but most people really only care about growing their fiat stack a.k.a making money. Growing your crypto stack is not a bad thing but it does come with the risk of trading and for u.s traders it comes with extra tax issues because each trade is considered a taxable event.

marseille

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Simply holding is really a boring process and will never allow you to grow your bitcoins so I will prefer to go for trading and investing in different altcoins with good potential either to rise in short term or in long term and it can give me huge profits in quick time which is never possible with holding coins and that is the reason I will put my vote on trading different coins daily instead of holding it too long.

Gix

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Only 10% (in the better days) of BTC is actually trading. That's why the markets are heavily manipulated.

Hodling is an internet meme (started here) that people mistook for a financial advisor.

A lot of peeps forgot that bitcoin is supposed to be p2p electronic cash. And not an asset.

usekevin

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DGbet.fun - Crypto Sportsbook

Now due to lot of FUD in a market, price of all the coins in red map.So this is time to hold your coins, it may be Ethereum, litecoin, Bitcoin or even Monero.If the price of certain coins is we can sell them and inverse in rest.But now,the price of all cryptocurrency is low and just hold your coins.

bearexin

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Quote from: supercanada1 on March 20, 2018, 02:12:29 PM

Quote from: creeps on March 19, 2018, 07:45:06 AM

Quote from: cryptodv on March 16, 2018, 03:42:04 PM

I've never been good at trading, I HODL all my coins, plus I don't have time to sit around and execute or place sell/buy orders. I've made excellent money just holding good projects, ie.. $NANO, $NEO, $ETC, $ARK

Holding is the best strategies for all of us who are busy in somethings and can’t find way to monitor the market 24/7. Personally, I just buy good coins at a lower price, and sell if its already hit my target price. Either you trade or just hold, sure profit will come to you if you have your goal.

There is no doubt that the holding process is full of the profits and guaranteed profits but it must also be kept in mind that the amount of profit after the holding is very less than the one with we can get after the trading. The important thing here is how much time do you have for this market because if you are committed in the other things than it will be difficult for you to do the trading so go for the holding else you can trade for better profit.

Obviously, and we also have to understand that if you do not know how to trade effectively, the amount you are holding can go lower if you trade and you would have been better off holding anyway.

I feel we always miss the truth and let people go astray by thinking they can just sell anywhere and buy anywhere, without any knowledge on analysis or how to make use of indicators and that has made a lot of people to lose out a lot at the end.

Sinecoin

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Quote from: Silberman on March 27, 2018, 05:56:08 PM

Quote from: Daimon88 on March 20, 2018, 01:45:26 AM

Quote from: forexdrew on March 16, 2018, 06:32:18 AM

worth taking into account the emotional/time cost of trading regularly vs HODL.
Time is money of course

Holding is something which you can only do once you dint have need of having money on urgent basis and that you are comfortable with keeping your coins in your wallet for sufficiently greater time. however, trading is really a tough job to do and for that, you need to do all of efforts and hard work. It all depends on your personal capabilities as well as your daily routine and interest which can help you in deciding the things.

This is something that is sometimes overlooked, holding becomes way easier if you really do not have any kind of need for that money if that is not the case then holding your bitcoins is going to become almost an impossible task because you are always going to wonder what are you going to do to pay your bills or to pay your rent and you will always think of your bitcoin as a way to overcome your problems, so first you need to solve all your economic problems and then you can hold bitcoin.

I completely agree with this and this is why I always tell people never invest more than they can lose when they ask me for trading/investing advice. Having extra money that is not tied to any bills or expenses is the only money that you should be investing because if that money is tied to a time constraint such as rent or the electricity bill then you could be forced to sell in a downtrend when you just want to hold. The same thing applies to people who buy crypto using their credit cards, if you dont have the money in the bank to already pay it off dont do it.

Silberman

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Quote from: Daimon88 on March 20, 2018, 01:45:26 AM

Quote from: forexdrew on March 16, 2018, 06:32:18 AM

worth taking into account the emotional/time cost of trading regularly vs HODL.
Time is money of course

Holding is something which you can only do once you dint have need of having money on urgent basis and that you are comfortable with keeping your coins in your wallet for sufficiently greater time. however, trading is really a tough job to do and for that, you need to do all of efforts and hard work. It all depends on your personal capabilities as well as your daily routine and interest which can help you in deciding the things.

This is something that is sometimes overlooked, holding becomes way easier if you really do not have any kind of need for that money if that is not the case then holding your bitcoins is going to become almost an impossible task because you are always going to wonder what are you going to do to pay your bills or to pay your rent and you will always think of your bitcoin as a way to overcome your problems, so first you need to solve all your economic problems and then you can hold bitcoin.

lordmick

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Personally I just HODL all my assets. Sell them now is not smart decision. Because according to TA (and I believe it) in the second half of this year we will see hard rise of whole market and it will update historical maximum.

upsidedown75

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Quote from: Duzter on March 16, 2018, 03:39:28 PM

Straight holdings gives an earning where the price increases high, and it is the risk free method of making an earning. Same time trading requires a continuous buying and selling making use of the price fluctuations. Here the risk is big and to the same the earning we make compared to that of straight holding is big.

Everything comes with a risk, just that the risks are totally different. Investment too comes with its own risk, so you still have to understand your area of investment before investing so as to at least hold something potential and understand everything so as not to make wrong decisions.

Although with trading, you require a lot of skills and knowledge to be able to trade, so in that case, you have to know what you are doing even as risky as it is, but you can make a lot in the process than just holding.

Borisb52

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Quote from: Sinecoin on March 15, 2018, 09:45:12 PM

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.

The essence of the investment is to sell the bought coin exactly when it reaches the point of sale. You determine the point of sale for yourself. . So you sell a coin only when the coin can give you the profit that you have planned.

yndye

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Quote from: Sinecoin on March 15, 2018, 09:45:12 PM

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.

If you understand and know how to do trading then you are likely to profit more in it than just holding it because you can get more coins as long as you constantly take profit with some losses from time to time. However, there are others who choose to hold the coins and do not waver when it comes to crashes because they believe that it will be much more valuable in the future but then after getting impatient, they sold the coins at a loss. There are others who choose to hold their coins because they are being emotional when they trade resulting most likely to a loss. It happened to me wherein I doubled my profit but I didn't take it and then afterwards, the price crash and I decided to sold it because I need some funds. I decided to do short term trading and take profits and losses according to my trading plan.

Theb

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I would only resort to HODLING purely when I have bought something during as its lowest point, typically this coins I bought are during ICO launch where you can buy them at its lowest. This is a privilege/advantage for people who have believe and trusted the project since the announcement of their token, I wouldn't have to worry about the dips or crashes as this is also an opportunity for me to buy more. Also I can sell whenever I want because even at a Dip is a profit for me. Buying at a good project has this kinds of benefits.

sana54210

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Quote from: el kaka22 on March 22, 2018, 06:58:26 AM

Quote from: Kambal2000 on March 20, 2018, 01:30:48 PM

Quote from: danherbias07 on March 20, 2018, 11:53:58 AM

Expectations. One of the problem that many of us here are dealing with.
Even with bitcoin, if only I had sold it at 20k dollars then I made a lot of profit now.
But as a holder you are expecting more specially when you have loads of it. You can feel every increase even if it is just for a dollar or a cent.

They say it is just because they are hoping for more. Well, I call that greed. Grin

It is hard to learn to be satisfied, mostly traders have this kind of attitude, you always want more.

Exactly! That is why we don't need to rush things, we can still do better, price can still go up, if people did not withdraw their coins when the price hit $20k and we are still holding that time then maybe the normal price right now is $20k + but we cannot blame people, it is their choice.

Well, one thing I have come to know with the cryptocurrency space in general is that what you have as a huge value today may actually end up being a bottom tomorrow and a lot of people one day may wish that the market would even crash to $20,000 so they can buy lower after they have missed a good opportunity of buying now.

It is always what it is, and even if some people think it is all about selling and buying lower, you may end up making the wrong decision if you have no trading knowledge.

This is the biggest dilemma of this market rather it would be nice if we label it as the charm of this unique market. This produces thrill for the investors because they are never 100% sure about the future of their coins and the consistency of their particular prices.

Trading is basically a full time job and there are proper job specifications and descriptions for the trader for making profits and earning bonuses.

Topic: Thoughts on Straight HODL vs Trading - page 7. (Read 1263 times)