To HODL or not, this is the question

seoincorporation

legendary

Activity: 3346

Merit: 3125

Quote from: K.Mac on August 14, 2018, 06:02:47 AM

We see alot of people holding on the the coins they invest in, either they are afraid to loose out on future gains, or waiting for a rainy day when they can cash out, does this not effect the market with so many coins not being traded, causing the fluctuated trade movements, with people mass selling when the market starts to fluctuate?

Nop, the holders coins doesn't affect the market, until they decide to sell... remember there is only a % of the coin on the exchanger, and that % is what gives the price, but if you want to buy all the btc then you will have tu bump the price to the moon with that small % of coins from the exchangers, in that moment holders will feel secure to sell because the price will be ridiculous .

dlaniger31

newbie

Activity: 27

Merit: 0

If you are a trader then hodling is not a choice for you, but if you're busy and dont have time in trading, hodl is good for you as long as you see that the coins you are hodling has a good potential to boost. For me, some of my coins are for hodling and some are for trading.

Mycrypto1222

jr. member

Activity: 275

Merit: 7

Maybe in next 3 years Bitcoin will reach new ath's so HODL and stay strong Cheesy

WuGong

newbie

Activity: 158

Merit: 0

I think most people with HODL coins are those who know the cryptocurrency, and those who sell coins because of panic are destroying the market!

Avengers360

newbie

Activity: 28

Merit: 0

Quote from: K.Mac on August 14, 2018, 06:02:47 AM

We see alot of people holding on the the coins they invest in, either they are afraid to loose out on future gains, or waiting for a rainy day when they can cash out, does this not effect the market with so many coins not being traded, causing the fluctuated trade movements, with people mass selling when the market starts to fluctuate?

Different traders have different strategies. And the market is very dynamic with many factors determining it's direction.
Just be a flexible trader, that can Adapt to the market flow.

Gaselemeg

jr. member

Activity: 140

Merit: 1

I hope that right now there is a correction after which we will go up again. For this reason I hold and expect a good price which in my opinion will be in September-October.

Alforendo

newbie

Activity: 10

Merit: 0

Nowadays there is only one way- hodl because of situation on the market only this will save you.

Zodiaclo

newbie

Activity: 16

Merit: 0

Quote from: konomi on August 22, 2018, 07:01:02 AM

I think that for HODL or not, depending on your understanding of the cryptocurrency, if you only rely on the recommendation of a friend to buy a coin, then HODL is meaningless to you!

Probably, konomi is right: if you ask a question like that, it might mean you should probably sell...
Think about it...

konomi

jr. member

Activity: 112

Merit: 4

I think that for HODL or not, depending on your understanding of the cryptocurrency, if you only rely on the recommendation of a friend to buy a coin, then HODL is meaningless to you!

Sabertoothboth

newbie

Activity: 14

Merit: 0

Quote from: Troubleshoot on August 22, 2018, 04:39:24 AM

The question isn't to HODL or not; the question is what to HODL, and what not. If we are talking about BTC or ETH, the answer is obvious: yes, HODL and as looooong as it takes to win. Speaking of alts, I don't know... It's a matter of taste. I, for one wouldn't hodl'em under the market like this.

I totally agree. The only option under the circumstances is hodling and only either Bitcoin or Ethereum.

www.crypago.com

jr. member

Activity: 51

Merit: 1

Quote from: K.Mac on August 14, 2018, 06:02:47 AM

We see a lot of people holding on the the coins they invest in, either they are afraid to loose out on future gains, or waiting for a rainy day when they can cash out, does this not effect the market with so many coins not being traded, causing the fluctuated trade movements, with people mass selling when the market starts to fluctuate?

i can't give advice but as an experienced trader, my plan is to hold them for the next bull run which looks like we are on the cusp of if you look at the macro view. If I had more to invest, I'd effeminately go in heavy now with the plan to wait until a good price point and just expect a month or so. That's my current plan. I'm happy with it and plan to see that decent turnover soon.

Troubleshoot

newbie

Activity: 20

Merit: 0

The question isn't to HODL or not; the question is what to HODL, and what not. If we are talking about BTC or ETH, the answer is obvious: yes, HODL and as looooong as it takes to win. Speaking of alts, I don't know... It's a matter of taste. I, for one wouldn't hodl'em under the market like this.

r15lover1994

newbie

Activity: 36

Merit: 0

HODL or sell depends on the coin which you are talking about. I dont see any point in holding alts which don't have any utility.

sumit.mathur101

newbie

Activity: 101

Merit: 0

At this point of time, considering the market, I will definitely HODL for atleast next year.

Korkorjkk

member

Activity: 546

Merit: 11

Holding of coins definitely affects the price of the coins. People hold because the more there are holders, the more the coin price goes high. So holding is beneficial to all of us.

Sabertoothboth

newbie

Activity: 14

Merit: 0

The question is 'What coin do you have?'
If it's Bitcoin, then HODL. Period.
Should you have other coins, I'd recommend checking how their related projects are doing and then make a decision.
Happy HODLing! Cool

ci1990

member

Activity: 252

Merit: 11

🔰FERRUM NETWORK🔰

It depends on what you HODL. If you choose the so-called "shitcoins" then it's quite risky to HODL. Yes it may pump some day but it may also go to absolute zero

I'd suggest to research some coins, read their whitepaper, check out their community support, their roadmap, their targets and the team. After you do your research you will feel much safer and decide which coins to HODL.

Tornadocrazy

newbie

Activity: 15

Merit: 0

Quote from: madnessteat on August 14, 2018, 11:42:38 AM

I think that it was necessary to sell bitcoin for 15000-17000$, and now you need to buy! If you already have, then only HODL.

This is the only sensible decision to make under the current market. I can't agree more. HODL. Period.

FeverMore23

newbie

Activity: 224

Merit: 0

There are a lot of strategy that you can use in crypto. If you think that you are still a beginner then I would suggest you to use the strategy of hodling a coin instead of trading because is trading is only good for those people who already have the best experience in crypto. Hodling is the best for anyone especially for those who are beginner because the only thing you need to do is to hodl until you get some profit.

Sandus_Cryptolover

jr. member

Activity: 482

Merit: 3

HODL, over time I've come to learn always lead to one's disadvantage. In the sake of HODL, now I have series of bags been carried around. HODL o believe is mostly encouraged by whales, while they dump on you and if not careful, would be forced to sell off at relatively very low price and the same set of whales still buy back from you again. Terrible sitaigion I must say. Best to to sell off as soon as you make some profits.

Topic: To HODL or not, this is the question (Read 573 times)