What is your opinion on HODL the Bitcoin?

syberwolfen

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Quote from: AlisA330 on February 08, 2018, 11:56:00 PM

The news background indicates that stabilization and growth are beginning to appear on the crypto-currency market.

Indeed it's a beginning of one more bull market just wait and watch how the value of most of the crypto goes sky high again and I believe this time it could be more clear and less volatile.

maxamus

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Quote from: AlisA330 on February 08, 2018, 11:56:00 PM

The news background indicates that stabilization and growth are beginning to appear on the crypto-currency market.

Yes it seems like good days are finally sighted which will bring a sense of relief for all those investors who bought bitcoin at high price and also to those who believes in crypto and holding on to it.

AlisA330

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The news background indicates that stabilization and growth are beginning to appear on the crypto-currency market.

Anait

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While getting into the network I have been suggested by the senior people that price will continue to fluctuate and it is not same as that the stabilized market. Keep yourself a target and move accordingly, else just keep hold of the assets without thinking about the market. Growth is promised. I too have been following it and experiencing the truth as heard.

Rozita

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Bitcoin price change is not something new. The price is changing from bitcoin creation and it will last forever. This is same any other asset such as gold or stock market. I personally think it is better to hold bitcoins as the price can rise much more. Bitcoin is still unknown for many people. So the demand will rise and rise.

Slow death

legendary

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Quote from: sandarajasmine on February 08, 2018, 09:40:53 AM

Since we know that currently, Bitcoin is having an unstable condition whereby the price goes ups and down. So in your opinion should they sell or HODL the Bitcoin?

good question and the answer to this question is very complex, let's start by asking another question:

Do you know if the price of bitcoin will rise and when the price of bitcoin will rise? No one knows the answer to this question. So the answer to your question depends on the goals of each person.

If you bought bitcoin when the price was $15000 with the intention of selling when the price was $25000, then obviously that person should now hold until one day the price of bitcoin reaches $25000.

You can hear a lot of people saying: Hold, hold, hold... But you should know where you're willing to hold

aardvark15

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Quote from: sandarajasmine on February 08, 2018, 09:40:53 AM

Since we know that currently, Bitcoin is having an unstable condition whereby the price goes ups and down. So in your opinion should they sell or HODL the Bitcoin?

HODL. It is still very possible that the price could drop more, but I am almost positive that eventually the price will reach new highs at some point in the future. I don’t want to sell and then be left with nothing when the price increases again. If you didn’t sell above $10,000, then there’s no reason to sell now unless you just are ready to cash in profits or you think you can buy back lower to reposition yourself.

Agamemnus

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HODLING will make you money in many years.

renes

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Sell bitcoin and buy more at lower price if you can for sure but most people cannot do this, because it is risky and price fluctuations are unpredictable. Hodling is therefore good habit.

Bonsaiav

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HODL is an ancient trick but very effective, this trick is long and often done by the traders in general. This classic way is very appropriate to be done in the face of the situation price reduction as it happens today.
For those who don't want to lose some money, surely they will do HODL and they don't care how long to do it.

Vladv26

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Why would anyone sell their bitcoins when the price goes down? Thats stupid because you end up losing money. Of course the best thing to do is HOLD until the price is going to recover and imcrease until you are in profit. If you check, every time bitcoin goes down it takes only a few weeks until the price increases back. The price always increase back and never goes down and stay there because we wouldn't make any profit with that.

juli50

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Of course bitcoin and all the other coins will recover during february, I dont have any doubt of that. You just have to be patience and wait for it. Its impossible to stay green forever in any business, corrections are needed and they happened every year. So you should hold your coins and you will see how the price goes up again. If you sell now you will lose a lot of money.

zeze18

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Quote from: okae on February 08, 2018, 11:16:19 AM

Well ofc that there is lot of reasons to think that HOLD btc is a good idea, but i have my favorite, is very simply, simply maths, if there is always more and more people who want it and there is a limit number of bitcoins, what will happend? Tongue

Perhaps with the limited supply of bitcoin, of course, if every investor doing HODL will be difficult for bitcoin to increase drastically because of the lack of activity support from the sale and purchase of bitcoin.
but it seems that it will not happen because every user has different knowledge and skills in doing bitcoin business such as with trade and investment, so that trading activity allows if bitcoin price will keep changing either up or down because so far the high of Bitcoin price in affect the level of demand and supply of bitcoin in the crypto market

okae

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northern exposure

Well ofc that there is lot of reasons to think that HOLD btc is a good idea, but i have my favorite, is very simply, simply maths, if there is always more and more people who want it and there is a limit number of bitcoins, what will happend? Tongue

Quote from: Wilhelm on February 08, 2018, 10:38:16 AM

...The only reason not to HODL or Trade is when you have made more money than you need to live....

yes, even if you need money "fast" is a good idea to HOLD instead of trade or sell, since all of us know that it will raise... soon Wink

jossiel

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Quote from: sandarajasmine on February 08, 2018, 09:40:53 AM

Since we know that currently, Bitcoin is having an unstable condition whereby the price goes ups and down.

Since then bitcoin does have an unstable condition and is volatile. It didn't happened only these past months but all over the days of bitcoin it has been through an unstable pricing.

Quote from: sandarajasmine on February 08, 2018, 09:40:53 AM

So in your opinion should they sell or HODL the Bitcoin?

I'll keep on holding bitcoin if there's no need to sell. Don't push yourself and don't be pressured just because the price of bitcoin is falling down.

severaldetails

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With hodling you avoid to make wrong trading decisions. And making a wrong move with trading happens often. Sure, you depend completely on the developement of the one currency you hold. But bitcoin is the most dominant coin, so it will develope about as good as the market. When somebody goes into cryptocurrencies then he expects the market to grow. So the decision to hold your bitcoins is the safest bet to make profit here in my eyes.

Wilhelm

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Look at Bitcoin

- Has always increased insanely in value
- Still booming in the media
- Still attracting new investors
- Tech is secure and working as built
- Tech has survived many doomsday scenario's
- Forking has been done and proven possible
- Banning has not been done. Adaptation from the economical world has taken place.

The only reason not to HODL or Trade is when you have made more money than you need to live.

fiulpro

hero member

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You should hold for sure because selling your Bitcoins might put you at a loss , since in the near future the price of Bitcoins is going to increase for sure one should not be swayed by the current low that's been seen ..
Keep holding the Bitcoins and it will pay off very well...
Also it's the fluctuations only that makes a cryptocurrency worth it thus don't be that tensed and give it a go.

brightLIFE

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Quote from: sandarajasmine on February 08, 2018, 09:40:53 AM

Since we know that currently, Bitcoin is having an unstable condition whereby the price goes ups and down. So in your opinion should they sell or HODL the Bitcoin?

If you sell you will lose, because the price is not stable maybe if you sell it today you will soon regret but when you hold you will not lose anything, you only spend time to wait patiently amd you know that's it's worth it if we hold. Hold will never make us lose but you will going to wait you must be willing to tale the risk and face every downs amd also every troubles of the market.

bit-freedom

sr. member

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I am positive about Bitcoin price in the next few years. So my strategy is holding. But i will also support BTC adoption by buying a cup of coffee or so if the transaction fees is not so expensive.

Topic: What is your opinion on HODL the Bitcoin? (Read 230 times)