To HODL or not, this is the question

seoincorporation

legendary

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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

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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

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

WuGong

newbie

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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

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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

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

Zodiaclo

newbie

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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

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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

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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

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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

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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

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

Korkorjkk

member

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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

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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

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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

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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.

dn3

jr. member

Activity: 168

Merit: 1

To hodl for sure yes, but you need to select the best crypto for this, because many altcoins just fell down and remain down even if the market is green.

kopamo

newbie

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In my opinion now this is hold time because all cryptocurrency now down so if you buy coin and hold it longtime you make huge profit

TTshingeki

jr. member

Activity: 252

Merit: 6

If you have coin with low price, you should hold when it high because cryptocurrency is future.

arafat222

jr. member

Activity: 157

Merit: 1

I think hold is better option because when all market price down then you hold this long time it is good option for investor then market up you sell your all coin

darkangel11

legendary

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Don't let others control your BTC -> self custody

Quote from: chulos on August 17, 2018, 12:50:21 PM

I think that the market fluctuation is caused not by small investors, who, when the market is so stable, buy it. But big investors, who want to buy even cheaper, can influence the market and thus cause market fluctuations. Right now we're pretty low. It's time to buy something into HODL tactics. Virtually all coins this year have fallen significantly and are still looking for the bottom. Bitcoin is still holding, and if it's over $ 6,000, it could eventually end the downtrend. I'm holding coins and not selling in fear that the price will go down. The answer to the question is difficult if you did not sell at the beginning of the year, now i would not sell.

Without the small guys chipping in the waves would be much smaller. Sure, the drops may be initiated by those big investors, but it's full force shows when those small guys start to panic. There's really not that many big investors out there and many of them don't even trade. Most of the wealthiest Bitcoiners are holders.

Is holding a good idea? If you did not sell and the market is down by 70%, like it is now, think about what you can gain and lose and what are your chances.
After a 70% fall and 8 months of bear market the chances of a bounce back are much greater, and even if it were to go down, how much would it be? Another 5%? While going up 10% would still mean that it's trading with 60% discount. I like the odds.

chulos

jr. member

Activity: 268

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I think that the market fluctuation is caused not by small investors, who, when the market is so stable, buy it. But big investors, who want to buy even cheaper, can influence the market and thus cause market fluctuations. Right now we're pretty low. It's time to buy something into HODL tactics. Virtually all coins this year have fallen significantly and are still looking for the bottom. Bitcoin is still holding, and if it's over $ 6,000, it could eventually end the downtrend. I'm holding coins and not selling in fear that the price will go down. The answer to the question is difficult if you did not sell at the beginning of the year, now i would not sell.

ToniJu

member

Activity: 173

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The large fluctuations in the market are caused by these large-scale sell-offs. When the market falls rapidly, many investors of HODL coins will panic!

Zulfiyan

member

Activity: 360

Merit: 10

Better hold to future, but price always down and down, Price now make me frustrated. It is your choice, Take any action to save your Currency.

btcprospecter

sr. member

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It all depends on how deep you invested. Can you afford to hodl? Do you have the time and motivation to day trade?
No one can say for certain how bitcoin and crypto currency will be valued in years to come. You could sell now and regret it or be glad you did sell when you did.

aminurrahaman

jr. member

Activity: 87

Merit: 2

Yes hodling is the easiest way to getting rich but not only hold you have know when and where to exit to make your profit. In this market all retail traders has not same expectation some are happy with little gain and some are expect more, so thats why everyone's exit point also different. But in our unregulated crypto market there are lots of whales mainly who are manipulating price, and media also. Thats why retail traders are sell there coins or tokens in panic. But as per my opinion just HODL till bull run, and when it happen sell as per your expectation.

Leonardo1987

newbie

Activity: 27

Merit: 0

I choose to keep Bitcoin and ETH, store it for a long time then wait for the price to rise. I made a lot of money.

Courtneyha

newbie

Activity: 28

Merit: 0

Taking Bitcoin and keeping Ethereum is a wise choice and can help you become rich in the future. But for Ethereum you should not focus too much on embracing it.

Miguelgreen

newbie

Activity: 95

Merit: 0

In this time and if you buy not recently you only can hold
if not, you Will loose. Market Will recover, when nobody knows. I am doing the same and currently Also Invest
On some projects that the price are low.

Crafty919

newbie

Activity: 23

Merit: 1

Long term holding is what I’m interested in

Juggy777

hero member

Activity: 2646

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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?

There is nothing wrong with hodl strategy, it's in fact one strategy that all agree upon, and it is the most common advice given by newbies and pros. Bitcoins is and has always been for the long term, short selling bitcoins is equivalent to firing a gun at yourself, hoping not to injure yourself.

The crash in bitcoins prices is not effected by the fact, that few 1000 people sold their coins this downfall in prices is called dump strategy, wherein group of people dump bitcoins to break their prices, it's pertinent to note that this dump is done in huge numbers and not a few hundred bitcoins. So my advice would be to hodl.

Heidim

jr. member

Activity: 266

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Quote from: nthere on August 14, 2018, 01:14:48 PM

If you join the crypto world in December like me and still hodling your bag, there is not much option left other then hodling.

Luckily I got out before the bloodbath. But I did buy again recently, these I will be keeping until the next ATH.

Risoruni

jr. member

Activity: 168

Merit: 2

I bought a little at not the best time so all I have to do right now is hold them. The only thing that makes me happy is they weren't my last money and I try to treat the current situation philosophically.

Kakmakr

legendary

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Leading Crypto Sports Betting & Casino Platform

This strategy to Hodl a commodity is actually quite common in other commodities too, so this is not unique to Bitcoin. I know some maize farmers are doing this with the maize price too, because they can store the maize until the demand for the maize increase and the price increase.

Once the price is high enough, they will sell some of their maize to the market to increase their profit. People hoarding bitcoins is doing that for the same reason. Wink

Ri Polok

jr. member

Activity: 364

Merit: 4

Hold is the main key to success in Crypto world. so hold your coin if you want to get a good profit.

Gytza

member

Activity: 131

Merit: 12

Well, I’m hodling because at first I fell for that meme, but then I realized I suck at trading and need to learn more.
But really, I personally believe that after someone learns some trading basics he should forget about hodl. Even if that person is just an investor. It’s way better to sell at -25/30% loss and then rebuy at -70% or even -90%.
Also, I’d never again hodl microcaps, just a really crazy small bag of some coins.

PrestonTrader

full member

Activity: 350

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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.

cpk02

jr. member

Activity: 233

Merit: 1

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.

Stedsm

legendary

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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,

I'm afraid they've committed the same mistake I did, and are now helpless to remain in the markets.

Quote

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.

TheCryptoTrader

newbie

Activity: 26

Merit: 0

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.

NUnuasod

newbie

Activity: 170

Merit: 0

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.

Ria Sakurai

jr. member

Activity: 251

Merit: 6

During this time you should hold. If you can, buy more, it's good time to get good coins with cheap price.

bitcoinisbest

hero member

Activity: 1218

Merit: 557

Quote from: chejibadan on August 14, 2018, 06:05:26 AM

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.

coly20032003

full member

Activity: 322

Merit: 113

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.

pooya87

legendary

Activity: 3472

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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,...

audaciousbeing

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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?

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.

socks435

legendary

Activity: 2058

Merit: 1030

I'm looking for free spin.

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.

boyptc

hero member

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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 .

biggNY

jr. member

Activity: 126

Merit: 2

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?

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 👍

annum

newbie

Activity: 16

Merit: 0

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

wizardcrypto

copper member

Activity: 210

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www.daxico.com

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 .

nthere

member

Activity: 229

Merit: 11

If you join the crypto world in December like me and still hodling your bag, there is not much option left other then hodling.

petyang12

member

Activity: 352

Merit: 10

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.

haohuynh

newbie

Activity: 56

Merit: 0

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.

Retty

member

Activity: 154

Merit: 47

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! Grin

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.

Midcrypto

newbie

Activity: 85

Merit: 0

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.

madnessteat

legendary

Activity: 2310

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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.

justin86

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I think holding is not done well by most people so there is not such issue. I also think holding is not good for all coins.

r1s2g3

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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?

The answer depend upon your outlook. If you think Bitcoin is an investment , then you can hold it, If you thin Bitcoin is a currency then should can spend it.

Iannn

jr. member

Activity: 52

Merit: 1

I sold all my ETH at $1330 a coin a while back to cover the cost of my mining rigs. I am happy I did not hold it then.....But going forward who knows. I have racked up a little stack of xvg and linda coins and I am holding them. They could all go to zero and I would be fine with that.

chejibadan

newbie

Activity: 85

Merit: 0

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!

K.Mac

newbie

Activity: 9

Merit: 0

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?

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