Topic: To HODL or not, this is the question - page 3. (Read 573 times)
If we talk about the basic coins, then hold. At the expense of others, if growth is caught, then it is necessary to fix the loss and profit, but I leave the part for a long time. And I'm not afraid to lose, because I returned the investment and got a small profit.
Hold your coin, and be patient...
This is the main key to get success in cryptocurrency world. so buy more and hold atlest end of this year.
This is the main key to get success in cryptocurrency world. so buy more and hold atlest end of this year.
We see alot of people holding on the the coins they invest in,
I'm afraid they've committed the same mistake I did, and are now helpless to remain in the markets.
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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?
People are already selling under the chaotic panic being created by those who are taking their BTC out of alts and we might see a super crash as alts are following Ethereum's free-fall where least retracement gets noticed and the fall continues. That's the history that ETH, whenever gets down, makes alts follow the trend and even if BTC recovers, there will be least amount of projects to survive. It would be better to invest more in BTC (buy more currently) and get into those alts which possess some extremely great innovations that actually need blockchain and can put it in action.
In this market situation I will prefer to hold my coins because market is very volatile this time no one knows what happend next so it's better to hold.
You should hold now, don't sell to cut your loss if it is above 20%. The market will be back in green soon so wait for better market, at least equal to price when you buy in.
During this time you should hold. If you can, buy more, it's good time to get good coins with cheap price.
I think the current market trend is likely to be caused by whales/sharks, but when they start to sell a lot of coins, retail investors will have panic selling!
Currently you should be holding the coins rather than selling it as it will make more sense when the market gets uplifted and will begin to rise back. This will help you to make more money as your portfolio will rise with increase in price. Selling now means you will not be a part of profit making process.
For me, I am continue holding my coins. Because I got all my coins at a pretty high price, if I sell now, I will lose a lot of money. But you won't actually lose money if you do not sell, so I am keep holding my coins, waiting for the day that the price rise up and I gain profit.
yeah, that is one of the reasons for the "big" dumps but not the dump itself. the dump would have happened because these different coins you see were already pumped and needed to come down eventually. that meant these dumps that you are seeing these days. but the "big" dumps that happen suddenly is because of the bag holders. they keep on holding knowing the altcoin or the token they are holding is worthless but they keep on doing it because they still have a faint glimmer of hope. but as the dumps continue they eventually lose that hope and dump themselves crashing the market like what you saw yesterday in coins like ETH, XRP,...
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?
I don't see the reason why holding would have any negative effect on the market price for one, when people hold, its a way to control the market because for a popular coin, it means the demand would be more than the supply which would force the price to increase, the percentage that is being held is not always enough compared to the percentage in circulation to have distort the market.
However, it comes at it's own risk too because the coin you are holding with the mindset of increasing might end up being permanently worthless.
The market is so diluted at this time that anyone is free to pursue any interest he feels its most beneficial to him without stopping others from pursuing theirs. So, if holding is achieving your interest, its all good if otherwise, pursue something else.
Holding coins is not always giving you an opportunity to make a profit there are times that you can lose instead of making a profit. So, if the market price increase more than 10% start selling it to make a profit and wait for the price drop again to buy again.
If you are referring to bitcoin then buying right now is the right decision and hold it then wait for next month for the bull market because the $6k value has strong support and resistance since last month.
If you are referring to bitcoin then buying right now is the right decision and hold it then wait for next month for the bull market because the $6k value has strong support and resistance since last month.
Holding doesn't really affect the market, if you hold a small amount of coins why it would affect the market?
Not everyone is holding .
Not everyone is holding .
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?
I will reply to you in same way like as I replied to my wife to this question few days ago (but this is just me, you need to decide for yourself): I am not missing money I invested into crypto, as it was not huge/bank breaking amount so why not hold until next bull run even if it means to hold for months/years to come? And then sell for profit 👍
Very good question, HODL is made by whales and not by regular users. If you have less than 100 you can sell and buy at any time
hodl is the key . people hodling their coin does not affect the market negatively but it makes the coin more scarce to buy hence the demand increases and the price of the coins will increase in return .
If you join the crypto world in December like me and still hodling your bag, there is not much option left other then hodling.
You can HODL and you may not. That depends on your decision but as for me I would HODL this time and may sell some portion of my holdings before the right time to earn profit from your HODL that you think it's profitable enough for you because some may see it profitable and others may not.
Bitcoin is a good investment. So , I am planning on holding for a long time.I would be fine with that.But holding is not good for all coins.
Every person will differ.There are multiple permutations from one person to the next.
It depends on the persons financial situation and whether they can afford to take the hit. It depends on what coins they hold and whether they were worthy of investing in the first place, or if its something like Dentacoin, BoatsandBitchescoin or WANKcoin then i don't really think you need me to elaborate on that!
I have my long term holds and if i'm honest i'm still in disbelief some of them have went as low as they have. My fault for not selling i guess. As for selling now? I don't see the point, the main damage has already been done.
It depends on the persons financial situation and whether they can afford to take the hit. It depends on what coins they hold and whether they were worthy of investing in the first place, or if its something like Dentacoin, BoatsandBitchescoin or WANKcoin then i don't really think you need me to elaborate on that!
I have my long term holds and if i'm honest i'm still in disbelief some of them have went as low as they have. My fault for not selling i guess. As for selling now? I don't see the point, the main damage has already been done.
Unless you are planning on watching exchanges and news feeds like a hawk it would likely be more profitable and safer for you to HODL long term. Find and research projects/crypto's you believe in and dig in for the long haul. Day trading can potentially offer bigger returns but contributes to the destabilization of the markets we see on a daily basis.
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