Actually no where is 100% safe.
To hodl had made many financial fortunes. But before you will hold on for your dear life, you have to be sure if what you are holding is worth it.
Does it have enough air in his cylinder to sustain the long journey. For the case of altcoins, I can't actually tell.
But for King Bitcoin, it is almost certain that it is the safest to hodl. No matter the crash, it will rise again.
You only loose when you are tired and quit the market, but for bitcoin, he will be with us for very long time and will continue to hit new ATH.
Topic: Whats the point hodling, if you can't risk it all? - page 2. (Read 497 times)
Well, some people think that holding makes them profitable in the end. Just like to say that we hold for 5 years and after that we sold them. We can be in huge profit if that day the market is in bullish but if turns to bearish, just a waste of time.
I admit that I hold some but it was just during the bearish season, I'm not in long-term holding as I sell them once we recover and see a profit on my end. Maybe I call myself impatient but I guess it was not as we just look for every opportunity comes and we don't waste much time waiting for nothing.
I admit that I hold some but it was just during the bearish season, I'm not in long-term holding as I sell them once we recover and see a profit on my end. Maybe I call myself impatient but I guess it was not as we just look for every opportunity comes and we don't waste much time waiting for nothing.
Maybe it more on a savings if the person who is hodling is hodling a coin that is pegged on fiat like USDT or something like that where if there is a price change it won't affect much. If that person is hodling bitcoin then it is still a risky decision to make like holding long term. Most of the situation if your hodling is always a risky since you know that crypto is risky so either hodling or trading both are risky if ever the price fluctuate. The decision will be based on the crypto you are holding if it's for long term or short term.
Holding crypto coin is directly proportional to risk taking, once someone can be able to take risk, meaning he/she will be able to hold crypto token until a desire setpoint or desire price is attained.
Even if hodling is obviously a good and long term profitable strategy, mind you that not all coins are meant to be held for the long period, there are short term coins, and that can be said of most/if not all altcoins, thus when you buy such coins you're not expected or meant to hold them for the long term, you should always take profits when you get them and that's because such coins are pump and dump projects and more often than not, if you miss your ROI, you'll prolly not get it again.Having said that, if you're taking the risk of hodling Bitcoin for the long term, then you're taking a worthy and a wise risk as it's a project that's sustainable for the long term, it's gradually edging towards mass adoption, and if you take a close look at its price history, you'll understand that it doesn't really matter how many correction periods there are in the network, it'll always rise back up again and continue to grow.
Whats the point hodling, if you can't risk it all?
The point is to have more profits and less risk than with your mentality of playing roulette.
In my case I focus only on Bitcoin, which I am sure is going to be more profitable than 99% of shitcoins in the next few years if not 100%. But mainly I focus on Bitcoin because it is decentralized, limited in nature, decreasing in supply, censorship resistant, etc.
So, I'm not thinking about selling, I'm thinking about accumulating. Why on earth would I want to sell the best financial asset in the world? (Or the best currency that is also a financial asset, if you prefer).
Since the creation of Bitcoin, my mentality has proven to be much safer and more profitable than the roulette-playing mentality you have.
There's a reason why bitcoin still is the most recommended cryptocurrency to 'hodl', simply because it has one of the best risk/reward assets today. 99% of cryptocurrencies are simply not for long-term 'hodling' for obvious reasons.
Also, 'hodl' never meant that if you're 'hodling' you end up with totally zero risk. 'Hodling' is simply just a better strategy for the large majority, compared to buying in and out of price swings and end up with a lot less coins that they've started with.
Also, 'hodl' never meant that if you're 'hodling' you end up with totally zero risk. 'Hodling' is simply just a better strategy for the large majority, compared to buying in and out of price swings and end up with a lot less coins that they've started with.
HODLing for indefinite period is not a good strategy. There are people who are still HODLing bitcoin to reach 100k hallmark, despite the fact they have bought bitcoin at 20k and 30k. Crypto day trading is not as easy as it look like, there are very few crypto traders in profit that buy in and out of price swings. Majority of such traders are in loss.
In my opinion, holding is also risky. Everything we do in the crypto world and also daily life will always require and involve any risks and we cannot avoid this. What we can do is by minimizing getting the risks.
As one of the ways of holding coins. I think that the idea of holding must be related to what coins to hold, whether the coins are pribably still promising for the future or not. If we are holding shitcoins, it means that the possibilities of losing the assets are very high. It is different if we are holding Bitcoin or ETH or BNB that may give more chances to survive in the future.
And once more, holding for me is around certain period, and I will take profits when my target is reached and them buying again in certain rate to hold in certain period again.
As one of the ways of holding coins. I think that the idea of holding must be related to what coins to hold, whether the coins are pribably still promising for the future or not. If we are holding shitcoins, it means that the possibilities of losing the assets are very high. It is different if we are holding Bitcoin or ETH or BNB that may give more chances to survive in the future.
And once more, holding for me is around certain period, and I will take profits when my target is reached and them buying again in certain rate to hold in certain period again.
If investing in cryptocurrencies is for you an alternative to placing your funds in a real bank, then hodl in this case is the right decision. But in any case, it is necessary to choose the right coins for a long-term hold, since the ultimate goal of any hodl is to get a profit.
Holding crypto coin is directly proportional to risk taking, once someone can be able to take risk, meaning he/she will be able to hold crypto token until a desire setpoint or desire price is attained.
I am really impressed because today I learn the meaning of HODL, I always refer to holding unknownly but I now know the exact meaning. This forum is indeed a great institution to learn and share ideas.
I am really impressed because today I learn the meaning of HODL, I always refer to holding unknownly but I now know the exact meaning. This forum is indeed a great institution to learn and share ideas.
It depends on the trader how they will risk their assets. Theres a lot of factors, one of these is because they are confident that this particular coin will rise up and get a good profit and some of them cannot make a pull out due to having too many losses and they are hoping that their money has a chance to come back again and lastly is they want to hold because they don't need that money its all about the risk investment if you got hold great if the price goes up, once you bought and deposit a coin you are already willing to risk.
Also, 'hodl' never meant that if you're 'hodling' you end up with totally zero risk. 'Hodling' is simply just a better strategy for the large majority, compared to buying in and out of price swings and end up with a lot less coins that they've started with.
From my perception, it's quite understood that without hodling any coin for long time frame and without taking risk measure in cryptocurrency they will be no chance of adventuring into huge profit in cryptocurrency industry, in actual sense it seems that anyone who is hodling coin have already into the risk measure.But as you said risky crypto market there is difference in that which i will explain.Suppose you are holding bitcoin then you have risk that whether it will go up or down but if you consider long term then it's relived or risk is reduced as the amount will grow substantially but if you are holding some useless fake tokens or shitcoins then there is stupidity along with the risk which can be avoided but majority goes with the market flow which is sometimes a trap and you later on feel this part but your funds are lost forever as the coin dumps and lies dead inside your wallets as we have seen many times.
So if you want to take risk avoid taking them over any crypto that will give you no return and will not be able to grow further but will dump.So this should be taken into final call before investing.
Hodling is no simple task, you out to be ready and know that it's a test of patience and it plays with your mind.
Absolutely correct. That's why hodling isn't for anyone who is in the habit of always checking charts and monitoring prices. Otherwise, it will mess one's plans up. Hodling is a patience-driven adventure. Without patience, no one can succeed at it.I think its best to cut bad losses before they get worse.
That's right, but the issue of knowing when to exit and end the loss isn't a simple one. Every investor tends to consider the, "What if" situation. "What if the token takes a turn into profit immediately I sell?" And this is why you always get to see investors deep in loss before they call it quit. It's never an easy decision. 
Hodling could be just as risky as any other technique to crypto trading or investment strategy.
Yes exactly, there is no zero riskHolding will have higher risks when we don't really know about the future of the assets that we are holding when we pick the wrong cryptos, when the cryptos are only based on hype projects and they promise us about very high price when holding. This will be very risky because we don't really know whether their promise of potential future will be exactly realized or not.
A long term hold for me is just for some certain coins, and Bitcoin is the most recommended asset to hold, followed by ETH and BNB only.
But, we must also consider in what period or era we buy the Bitcoin to HODL for a long term period. I personally will prefer to buy Bitcoin when in the bearish era to hold to the next bullish era at last even it is for 5 years.
But if this is still during in the bullish season, I will personally take it as a short holding, or short term investment.
But before all these things we have to only invest what we beleive that it has potential to show progress in the future so we trust it and take the risk, either it may goes to 100 or zero when it comes to HODL altcoins. Well, I might follow a strategy if the price fell 50% I will not take the risk anymore better I will go with the proven coin which js Bitcoin and make a bet on it for long term.
Yeah and that's why, you could be able to risk it all at times if you haven't prepared a get put plan. I tell you, using Ethereum as an alt, there were others who did have it and quickly sold it off too because, theye weren't just sure of it, had no get put plan and was completely obsessed with bitcoin. Well, an obsession for bitcoin would often yield profit for one who has developed patience for a virtue on hodling but when it comes to alts, it's more of a different story.I would hate to be one of those that would tell a sad story over some coin I supposedly bought and sold it off. If there wasn't an initial back put plan, I go all the way!
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OP while your mancho strategy may work for you. I think its best to cut bad losses before they get worse. One of the mistakes investors make is comparing bitcoins to altcoins. Altcoins are less reliable than bitcoins. Some projects are dead projects with no use cases, no utility. These coins are no good to hodl for the long term if you do you will be shooting yourself in the leg.
Honestly, I also don't see anything bad in cutting losses or taking profit due to the high manipulating scheme that always happens in the altcoin market but it, not all the altcoin that are dead projects because of no use case or utility. I have seen projects that are dead because of no system upgrade. There's a reason why bitcoin still is the most recommended cryptocurrency to 'hodl', simply because it has one of the best risk/reward assets today. 99% of cryptocurrencies are simply not for long-term 'hodling' for obvious reasons.
Also, 'hodl' never meant that if you're 'hodling' you end up with totally zero risk. 'Hodling' is simply just a better strategy for the large majority, compared to buying in and out of price swings and end up with a lot less coins that they've started with.
Also, 'hodl' never meant that if you're 'hodling' you end up with totally zero risk. 'Hodling' is simply just a better strategy for the large majority, compared to buying in and out of price swings and end up with a lot less coins that they've started with.
You are definitely correct. HODLing is by far the most convenient way of investing your BTCs for long-term investment. By basing one's decision purely on the price history of bitcoin, one can have this reassurance and hope that its price would skyrocket 3-4 years from now or from the next fork.
Personally, if I could have saved majority of my BTCs that I earned last 2017, I would have re-invested it and probably purchase more on the process. That is why, I adopt HODLing as my primary source of investment method rather than risking it through gambling, trading, etc.
IMO hodling is a strategy that doesn't mean holding the coin forever in your wallet. Of course it mean buying and then waiting for the pump. How much pump you want is entirely upto you. There are people who bought bitcoin at 10k and waiting for 100k they are still hodling. ROI is upon you.
Yeah, of course holding is just a temporary method to be able to buy the dip and wait for the pump but who would want to hold Bitcoin forever and reject all of the opportunity to make some profit? Investment need some strategy if you want to maximize your profit and holding is one of the best strategy when it comes to investment in Bitcoin since it has proven already that the price would eventually pump.Buy at your own risk and invest what you can afford to lose. If you know some of the golden rules in crypto, you will have no problem with your investment.
Holding entire your life isn't a wise idea especially for Bitcoin, you'll loss a lot if you buy on peak. I prefer to cut loss and buy every dip, so it will recover more faster than just holding until the price increase like the beginning you bought.
I tend to disagree with this idea, it should be anytime you can buy Bitcoin either if it's at a peak price. Because you will never know when the peak price will stop, the only thing that we can determine is that we've reached the previous ATH. But yes., it could be better if you will buy at the dipped price but another problem is there's no exact time frame when it will happen. So I suggest, anytime you can buy and hold it for a long period of time. Holding at least for about 10 years is I rest assured that there will be your profit. First thing first, if you believe in Bitcoin and invest in it, you should believe it too that Bitcoin will grow after for how many years. (it's already proven)
So now, OP was right, what is the point of holding if you can't risk and if you don't believe in Bitcoin.
The key thing is to never invest the money we need, or worse, to borrow money to invest in cryptocurrencies.
That's the golden rule. If most people invested only what they could afford to lose, the price wouldn't be so volatile as hodling would be less risky. But we all know that this ideal and not a reality in many cases.
Hodling is risky, specially with most altcoins, but if you can set some limits and control your greediness it can be the best investment strategy for most of us (not financial advise).
With many not knowing when to sell or actually quite on a declining project, hodling pose a different kind of threat towards investors. A threat that pushes you to either have the mind of a fortune teller on that project or be ready to bear the risk of a complete liquidation of that asset.
Let's immediately dispel all the myths and say that any investment in cryptocurrencies is risky, but that so far investing in Bitcoin has proven to be quite safe, although the future is always in question. Yet investing in some altcoins has also proven to be very profitable over the long term, but these are rare exceptions that do not set any rules.
Hodling is no simple task, you out to be ready and know that it's a test of patience and it plays with your mind. Though, its of great importance that you invest on projects you've researched and satisfied to be good for you. Build your comfort about that point and be ready for whatever it throws at you!
The key thing is to never invest the money we need, or worse, to borrow money to invest in cryptocurrencies. If someone is not under pressure to have to sell, then it is much easier to survive any major correction or long crypto winter. Another big problem is the purposefulness and legitimacy of projects in which someone invests, and only a few can separate the grain from impurities, which means that investing in all new crypto projects is extremely risky and in the long run mostly leads to loss of investment.
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