Why almost everybody suggest to hold? - page 26.

Hamphser

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Vave.com - Crypto Casino

Quote from: gentlemand on February 11, 2018, 08:51:09 AM

If I look back on the times that I can recall for sure that I was planning on making an epic trading move but didn't, and then what subsequently panned out had I done that, I would be much, much worse off than I am now.

I'm still mystified at the number of people here who think day trading is a valid option for them. Almost everyone fails eventually. Almost no one has the psychological equipment to make a success of it.

Holders let the traders destroy themselves while they fuel the market holders eventually benefit from. Obviously holding only applies to a coin you actually believe in. If you do then the chances are high that letting it ride will pay off better in the end.

This is what most people do think of that they can able to do day trading so easily but most of them do end up on failing this is why they do end up on deciding to go on holding because they do fail to do so. Benefits of holding is usually can be found on potential coins but the hard thing is that we don't know which one do have potential. Everyone is suggesting to hold but seeing on current dipping prices of the market and as an investor it wont really be an easy thing.

gamerfan

hero member

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BUY BITCOIN WITH PAYPAL AND CREDIT CARDS

Because holding is very easy and relaxing to do. You just need to store your coins in your own wallet and wait until the turbulence will be gone. Less risks and less stress than selling or trading with another coin.

carter937

newbie

Activity: 60

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Quote from: the_observer on February 06, 2018, 07:47:40 AM

Hi all,
I have a really simple question or so seems to me cause i am a crypto noob.
I really do not understand why almost everybody suggest to hold when there is a dip or correction.

With my simple noob logic i think that when there is a dip someone could sell at the start of the dip or do something else (e.g. buy tether y i know the rumors or something similar anyway) and then buy again later when the correction has stop or decrease.

Obviously no one knows when there is a many days dip and when it will end in order to buy but even so one can save much money just for sell and buy in between even without predict the absolute start and end of a dip.

I hold as everyone suggests but i now realise that if i had sell even a couple days before even yesterday-and not right after the start of the dip and buy lets say now i would have save a bunch of money relatively with what i am doing now which is hold.

I really must be missing something since i am crypto noob orelse i cannot explain why everyone suggest hold while i fear that real pros are doing the oppossite.

I would like to ask only experienced people who know what they are talking about to give their opinions cause i am fed up reading pseudo crypto pros everywhere around. I bet many of you understand what i mean. Everybody has become a crypto pro . Well i am a crypto noob and i need your heads up.

Thank you for your time reading this and excuse my lame English.

Regards.

I think that at the present time we can see the market fluctuate extremely complex and difficult to guess, bitcoin prices continue to rise, market confusion because bad news constantly appear. So I think we should keep our bitcoin at the moment, wait for the market to stabilize then trade again.

dzhan

sr. member

Activity: 743

Merit: 250

People tried holding many times in the past, with multiple coins and tokens, and they got high profits from this method, that's why they , because it is working perfectly for them. It involve some risks, especially if you can't be a little be patient, because it is working with time and patience.

LynielZbl

full member

Activity: 336

Merit: 107

Most of the people here really suggest that everybody needs to hold their bitcoin because holding is the best way to help the price recover if we all collaborate to hodl then the price will not decrease and eventhough it will decrease but not too much. And if we do panic selling while the price is decreasing it will be a contribution for the dump.so instead of selling we need to hodl to maintain its value and increase again.

kolega

member

Activity: 294

Merit: 11

To successfully invest and make a profit, not a loss, you need to understand the following.
You should be able to conduct fundamental and technical analysis. You will not be able to buy or sell in time, listening to the opinions of different people.

RenBct

member

Activity: 233

Merit: 10

I think the reason is because BTC is going down and newbies especially will be scared and can sell but if your a trader you can still earn money even if the market is down.

intoy_victor

member

Activity: 266

Merit: 16

It's better to hold and wait to raise it up. When it is rising holding is the best way that could ever suggest for you. Then when it is starting to crack down try to sell it so that you will buy if it in the lowest price for you.

Ryanpogi

member

Activity: 294

Merit: 10

it's better to handle it first. when it's time to grow that. Life is so happy. That's the reason they hold first they can buy a lot when their money grows.

gentlemand

legendary

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Welt Am Draht

If I look back on the times that I can recall for sure that I was planning on making an epic trading move but didn't, and then what subsequently panned out had I done that, I would be much, much worse off than I am now.

I'm still mystified at the number of people here who think day trading is a valid option for them. Almost everyone fails eventually. Almost no one has the psychological equipment to make a success of it.

Holders let the traders destroy themselves while they fuel the market holders eventually benefit from. Obviously holding only applies to a coin you actually believe in. If you do then the chances are high that letting it ride will pay off better in the end.

slashz9

full member

Activity: 1554

Merit: 101

I think it's a natural thing that when the price goes down of course the assets or the value of a person's money decreases, I know there is also a minimum loss by selling as quickly as possible when he knows the price will go down, and buy other types that have come down first, and hope to profit when the price goes back up.
essentially the attitude or reaction of each person is different I guess those who panic will sell it directly, those who survive who be the winner Cheesy

01asd

full member

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Quote from: Washball on February 11, 2018, 06:06:34 AM

In the bitcoin community there's one specific philosophy and that is: hodl. Holding will prevent or slow down the price from dropping. But in an investor's point of view, you Sell high and buy low. If traders and investors sell when the price is high, the price will drop and then they could buy again.

First of all, investment do not need a lot of effort. You do not need to predict, analize, and do some various research to some currency. Second of all, you will get more possibilities for profit rather than short-term trading. In the world of investing, you just have to hand over some money and wait till you get a profit. If you do not get a profit or not get profit, you have to wait longer until you get a profit. That's all you need to do, ie wait. If you ask about this situation that we all facing right now, you just need to hold because we already knew that the price of Bitcoin will go up sooner or later. Especially for some people who already know Bitcoin for years, they usually have nothing to worry about.

alisaadat60

jr. member

Activity: 87

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Let take a look on coins
btc is more than 100 times since two years ago
eth was 7$ last year and where it is now?
last year waves was only 12 cents and this year it was more than 17$
NEM DGB SC and others have a similar story
only hodl and don't sell cheap

Washball

full member

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First crypto index traded as a token!

In the bitcoin community there's one specific philosophy and that is: hodl. Holding will prevent or slow down the price from dropping. But in an investor's point of view, you Sell high and buy low. If traders and investors sell when the price is high, the price will drop and then they could buy again.

proTECH77

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Bisq Market Day - March 20th 2023

The people that suggest holding, are simply those that believe that the currency has a good prospect and the ability to rise again in the near future. Most of them are optimistic and therefore, do not see the recent crash as a thing of worries.

AlienSeeker

full member

Activity: 360

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It is already commln sense why do we need to hold because altcoins or even bitcoin is in low value and it is in blood path. We suggest to hold because if you sell your bitcoin or altcoins, you can lose your money and even your investment. It is not helping in to marketing of cryptocurrency to become a panic seller. For me, I suggest you to buy more because this is the chance to have agreat value of altcoins and bitcoin too. In the future, they will rise again and I think now they are beggining to increase again hopefully.

Seeker#9

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Hodl is always considered as the best strategy for long term profit. It is used also by some well-known and successful businessmen/traders in the stock markets. It is also proven useful in cryptocurrency trading and many bitcoin users who use to buy the coin at lower price and hold it till the price go high. When coin prices are going down, try not to overcome by panic selling, hodl and remain calm. Hodling can also risky and be sure to buy only coin that have the potential to grow in the future.

iv4n

legendary

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Quote from: Malamok101 on February 11, 2018, 04:56:00 AM

it's important to hold altcoins, tokens or bitcoins. When the bitcoin price goes down you really need to hold one of them because you need to wait to increase their price.

No, its because the safest way to make profit is holding. Basically you don't need to do anything except buying and storing, profit will come in time.
When you day trading your risks are big, you need to follow so many news, every price movement can be bad for you if you didn't predicted it right. With bitcoin market you know it will grow over the time and just with holding you can make a lot of profit. Can you think about people who bought on 1$, how many ups and downs they had, but over the time they are in great profit now, aren't they? Now think about price on 5 years, 100000 dollars? Until that price we will have many ups and downs, who trade can lose money, who just keep bitcoins will have more then x 10 from now.

mai_mirai

member

Activity: 120

Merit: 10

Because bitcoin value really drop so much percent now, I think many people buy bitcoin in high price. So if they will sell now this can make they will lose their money, so I think hold is best way to minimize their risk and just patient wait until bitcoin price will rise up and reccover again to sell it.

Malamok101

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Proof-of-Stake Blockchain Network

it's important to hold altcoins, tokens or bitcoins. When the bitcoin price goes down you really need to hold one of them because you need to wait to increase their price.

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