Why almost everybody suggest to hold? - page 34.

Bitcoincole

full member

Activity: 504

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Quote from: ?? on ??

History speaks to hold, As I remember this fall is not so big that we have seen in past years , and what happened after all these? Huge rise that we have never imagined. Simply see last 5 year chart and you will get to know what I mean to say.

Yes, i agree people do hold for them to gain profit and other thing is to save the best for them not to sacrifices the loses that it begun investing, this could be the result if they are listen to the negative forum feedback and unbalance of strategic decision makes it do panic.

chalkboard17

sr. member

Activity: 484

Merit: 251

Because they are noobs. They do not know how to trade or they do not even have a mind of a professional investor. Holding only cause to dead during the crashing day. ONly hold a coin which you know for sure that they have the potential to grow. Do not hold some shit coin or MLM coin like bitconnect

Hannahanto

full member

Activity: 826

Merit: 111

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.

You have answers with you and you are moving on the correct direction. When there is a correction, the values dip and that's the moment to buy coins cheaper. This is obvious to everyone and from beginner to experienced would do the same thing as one will gain more profits when the correction is completed and the value goes to the moon. None would advise to sell the coins one holds at the time of correction or when the value dips. This is understandable why it's done.

JuniAiko

member

Activity: 126

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DOGE:DDvXm3ZkXSFeZF9YVaTWGNyBZzfwVf8nnh

Don't expect quick gains from cryptos, unless your are a whale (who's already rich) and experienced with speculative trading in general.
Small traders will find it hard to beat the big traders in the speculative gambling game.

Just like with those who made it big before us, the way to realise a significant gain is to enter when the price is low (i.e. the market crashes due to panic induced over-selling). Then HODL for the long term regardless of the volatility and look at it in 2 or 3 years time.

I prefer to INVEST in cryptos, and not here to trade/gamble on it base on day-to-day or week-to-week price volatility. I believe in the selected cryptos that I am now HODLing.

I previously entered with a bit of my dispensable savings of 5kAuD when the price was at 5kUSD; and I recovered that 5kAuD when the price was at 16kUSD and only play with the profits (which means that if BTC crashes, I would have lost nothing). And now, I have re-injected 8kAuD when the price was at 6.1kUSD earlier.

maeusi

sr. member

Activity: 462

Merit: 254

... because cryptocurrencies are based on a new financial technology, that will replace the current financial system, so that we can assume, that the drop is temporary. Also at beginning of a year there were always drops that rebounded at March/April.

cryptoblue77

member

Activity: 472

Merit: 10

Because most of the people associated with cryptocurrency know that the price of bitcoin would bounce back in near future, so there is no need to sell now.

ovcijisir

sr. member

Activity: 1491

Merit: 320

🐪

Quote from: anitaraymonds on February 06, 2018, 12:09:13 PM

If you fail to hold and sell off in panic then you will lose. People are holding because they are already down and if they sell off then they will lose. It is only when you hold that if the price appreciate then your profit will come.

You are right, holding is best long term strategy for cryptocurrencies. With holding you are less prone to panic selling and buying when hype happens.
Holding makes you less vulnerable to market manipulations (pumps and dumps), and it takes less effort then active trading.
To all newbies I would recommend holding as a best strategy in cryptocurrency area.

Janation

hero member

Activity: 1722

Merit: 528

Quote from: anitaraymonds on February 06, 2018, 12:09:13 PM

If you fail to hold and sell off in panic then you will lose. People are holding because they are already down and if they sell off then they will lose. It is only when you hold that if the price appreciate then your profit will come.

That is a common strategy for a bitcoin or other digital currency holder. If the price dips, we hold and if the price pumps, let's wait for it to dump a little bit before selling it since most of the investors tend to have fun in the pump times rather than taking that advantage of selling off their holdings for a better profit, better sell it before it dumps right.

btcformula

full member

Activity: 378

Merit: 101

you can't understand until you do that. Every year price of major Crypto Currency increasing rapidly. New investor coming so it's very easy to understand it if you hold you will get decent profit. But choice is yours.

Ayaancool

full member

Activity: 308

Merit: 100

Because selling bitcoins for the current situation give you only a huge loss but if you hold it and wait for a recovery of bitcoin. If you are interested to invest more in bitcoin then it's the best time to invest in bitcoin.

Mister1k

hero member

Activity: 896

Merit: 520

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.

We people here to guide and help each other only. That is the reason forum always suggest everyone to hold. Reason is bitcoin volatile nature makes people to think that break at anytime but really as demand and theory says bitcoin will be always at the top and grow everytime we face the dump in the marketplace.

As a suggestion for friend. Please do not take your funds from bitcoin or other alts. You will see those coins rate double the amount than the peak value so far in the price chart.

iqlimasyadiqa

legendary

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Quote from: anitaraymonds on February 06, 2018, 12:09:13 PM

If you fail to hold and sell off in panic then you will lose. People are holding because they are already down and if they sell off then they will lose. It is only when you hold that if the price appreciate then your profit will come.

Doing a hold will not necessarily make us gain a profit. in terms of this strategy can be regarded as a way to get a profit opportunity. But for me to do trade and also hold a balanced action can make us get more opportunities. For me activeness is to be our determinant to be able to get profit or not. I've seen a lot of events about someone who has only one strategy, whereas in the trading world we need a lot of important decisions.

setifien19

full member

Activity: 472

Merit: 101

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

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.

Supposing you've sold at the beginning of the dip, let me ask you : at what price did you buy ur bitcoins ? You are a noob, right ? Then I guess you arrived to this field (at least ) when bitcoin was up 10k $ ,right?
Then how to sell at lower price than the buying price ?

anitaraymonds

full member

Activity: 490

Merit: 100

If you fail to hold and sell off in panic then you will lose. People are holding because they are already down and if they sell off then they will lose. It is only when you hold that if the price appreciate then your profit will come.

tambok

sr. member

Activity: 812

Merit: 260

Since a lot of here are so pissed of to their work so they have embraced this kind of opportunity where in we have proven that could lead us to success for as long as we will just do it with our heart if we will just devote our time here, and I know that almost all of us don't just want to rely on what they are earning from their job as it will not lead to them to success and they could not buy anything that they want.

carlisle1

hero member

Activity: 2744

Merit: 541

Campaign Management?"Hhampuz" is the Man

Quote from: mk4 on February 06, 2018, 08:10:49 AM

Simple. People tell you to hold so bitcoin's price won't go down any further. What happens when more bitcoins are being sold than being bought?

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

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.

That's why you don't listen to people's opinions on what to do with your money. But sure, you could have sold a couple of days ago it would be better for you. But did you know that a price drop would happen and what day would it occur? Probably not right?

But I get why people are always suggesting to hold, as it's because people in the crypto space gets easily panicked when price drops occur.

thats the main reason why op is questioning the suggestion regarding hodling,if only we all knows when would be the dip or growth maybe all of us are rich by now..but its not no one has the knowledge to find the right answer for what would happen every movement coins has.so better hold when talking about bitcoin because we surely know it will recover in future.

Theb

hero member

Activity: 1680

Merit: 655

We suggest to people to rather hodl their cryptocurrency position than selling it at a loss. People who are tempted to sell when it is too late to jump is of course a bad idea when they do so. Also yes you are right we can do other things when Bitcoin is correcting but the problem here is people who are currently holding here like what I said earlier can't jump ship right now as by doing so they will only be incurring a loss. The only way a person can participate in the dip is when he has sold his coins before the dip or by injecting additional cash for buying cryptocurrencies.

bitcoinmasterlord

legendary

Activity: 1148

Merit: 1006

Quote from: mk4 on February 06, 2018, 08:10:49 AM

Simple. People tell you to hold so bitcoin's price won't go down any further. What happens when more bitcoins are being sold than being bought?

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

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 held.

That's why you don't listen to people's opinions on what to do with your money. But sure, you could have sold a couple of days ago it would be better for you. But did you know that a price drop would happen and what day would it occur? Probably not right?

But I get why people are always suggesting to hold, as it's because people in the crypto space gets easily panicked when price drops occur.

You are right when the price drops people will get panic and sell their coins. And this market is unpredictable today the price will decrease, and tomorrow it will increase. I think you knew how the price fluctuated last December. In just 2 to 3 days it raised $5 to $6k. That's why experts predicted this year the price would cross $40k and suggested people hold Bitcoins. But now suddenly because of some governament restrictions against Bitcoin use, the price is falling.

I don't know about other altcoins, But I firmly believe Bitcoins, and I will suggest people to hold bitcoins.

buwaytress

legendary

Activity: 2968

Merit: 3684

Join the world-leading crypto sportsbook NOW!

It's a little strange to me also, actually. Holding isn't aomething that occurs to me as a suggestion for trading. It's more of a stance you take as a long-term viewer.

To me, if you're a serious and regular trader, then you have clear entry and exit points. A stop loss is the basic risk management tool every trade should specify. Don't remove it except to trail gains, definitely not to change according to hold suggestions!

bitchubitchu

newbie

Activity: 175

Merit: 0

Almost everybody is suggesting to hold maybe because they know that the price will rise up in the coming days,instead of quiting and lost what you have why not wait.

Topic: Why almost everybody suggest to hold? - page 34. (Read 2686 times)