Topic: Why is everyone just HODLing? - page 6. (Read 1343 times)
Most of the people have been holding bitcoin in the hope that the market would recover soon. Every body has seen what has happened to bitcoin last year, when the price of bitcoin rose under 1k to 20k, which has caused many people to become rich quickly. So, people are expecting bitcoin would repeat the same.
I agree with OP. Not everything in the mind of a bitcoiner should be limited to the idea of "Hodling" as the only way to handle our bitcoins. I personally have not had too many problems in using my bitcoins to cover my daily expenses, because the most frequent use I have given to bitcoin is as a means of payment.
However I am aware that bitcoin has become an interesting investment tool for many due to its great potential in the medium term, that is why these moments in which the market has remained quite bearish, I have stopped spending my bitcoins waiting a rebound in the medium term to increase the purchasing power of my btc.
However I am aware that bitcoin has become an interesting investment tool for many due to its great potential in the medium term, that is why these moments in which the market has remained quite bearish, I have stopped spending my bitcoins waiting a rebound in the medium term to increase the purchasing power of my btc.
Holding your bitcoin becouse it's price drop. It is a simple policy that when the coin has been drop, hold your coin. I think After few week, the price will increase again . So everyone thinking at the moment for hold.
Actually I am not holding all of my btc. I am trying to sell some of them and wanna make some asset for my next generation. After my death they canbenjoy with it. I also tell my children's about it. So they can earn after my death. And I want to make something for my future genaration
Some people knows the potential of a coin, and bitcoin nowadays is not yet totally being implemented as a currency in real life, as there is still little merchant who accept bitcoin. The scarcity of bitcoin and its fix supply made it more precious to hold, cause we all know in the long run the price rise til the last block is mined. But not everybody hodl, as there are more swing traders in here.
Probably you might have bought when the price is steep and dumping today will make you lose more money instead of gaining profit. Second reason is that as investment, you look at bitcoin for long term hold to maximized your profits. And we have reading a lot of stories that they just hold on it and waited like 2-3 years and are just selling with bitcoin at top price.
Your point is right but i want to clear the point that holding does not add more value to your existing amount but most of the people cash out their profits by selling their coins. And some do panic selling out of fear. But most of hodlers hold it because they know that when more people and agencies will accept it the prices will surge giving them profits what exactly they want.
You might be eight. But people are thinking market will be raise again. So they are holding. They want to make profit as well. No one want to loose .so they are holding
I think what you say is true and I agree with you. But I think those who wait are natural. Everyone in business no one wants to lose, surely they want a profit. And they think, waiting is the right decision for now. Although the wait is very boring, but they will be patient to live it.
Most people bought it when it was historically high, and now selling it does not make any sence as they would have big losses. Therefore, now, most people HODL hoping the crypto market will be back to normal. But, nobody really knows whether the market will be back to normal any time soon...By normal I meant the price of BTC before February 2018 slumping.
Because only HODLing can guarantee stable profit in long-term period in cryptocurrencies market. Also HODL can help you to correct your mistakes with your investments.
HODLING is like fake hype nowadays! I don't like HODL anymore. yes, You may earn profits by hodling your coins. But if you go for Live trading and if even try to learn Trade then don't hodl! I am now in huge loss by hearing HODL is GOLD fake hype! 
Good Luck Mate.
Good Luck Mate.
Most of the people know the information for the coin list. Coin price is not stable. So this information help to gather more information from market place. It good time to invest. It connect the people. So people share the information. This information reach the all country people it time to sell the coin. All coin is reach the all country people. Market place is help to reach the all country. Time is important to complete the process.
HODLing is not the fake hype. But it is not strategy for traders. Trader speed sell and buy.
HODLING is like fake hype nowadays! I don't like HODL anymore. yes, You may earn profits by hodling your coins. But if you go for Live trading and if even try to learn Trade then don't hodl! I am now in huge loss by hearing HODL is GOLD fake hype!
Good Luck Mate.
HODLING is like fake hype nowadays! I don't like HODL anymore. yes, You may earn profits by hodling your coins. But if you go for Live trading and if even try to learn Trade then don't hodl! I am now in huge loss by hearing HODL is GOLD fake hype!
Good Luck Mate.
I agreed with OP. However many of us feel that Bitcoin price will rise and prefer to hold instead of spending now. If I have the chance, I don’t mind spending some bitcoin to support the Blockchain.
A lot of people from bitcointalk are holding their bitcoins because it seems that they understand the value of Bitcoin and believe that it might be worth multiple times more than it is today. It has both advantages and disadvantages. More and more people want to buy BTC but who is going to sell it to them? For now miners do it but it might change once Bitcoin adoption grows and block reward becomes really small. Try to spend some of your bitcoin earnings or at least give some to your friends.
Because all know bitcoin can be more than now, maybe a lot of slanted news that says bitcoin will fall and not worth it, but it's just their conspiracy to be able to buy bitcoin at a cheap price. I suggest you HODL your bitcoin.
The speed of bitcoin transactions is artificially constrained as digital gold is made of it. You don't count on gold in the store, do you?)))
HODLING is like fake hype nowadays! I don't like HODL anymore. yes, You may earn profits by hodling your coins. But if you go for Live trading and if even try to learn Trade then don't hodl! I am now in huge loss by hearing HODL is GOLD fake hype!
Good Luck Mate.
Good Luck Mate.
It's simply because they wanted to earn high through hodling and sell only their bitcoin or altcoins at a higher price. Hodling for me is patience and trust, it is patience because we have to wait at the right time inorder achieve good profits by waiting the rise of cryptocurrency at the market. Also it is trust for me because we will not hodle and not to sell at a lower price if we don't trust our investment crypto coins.
Because bitcoin is just like a stock market that will benefit more in the future, so they are just keep holding it, you will not see the importance of it now since you can still afford to buy it but if you don't hold for sure that would be our biggest regret in our life.
It's simply because they wanted to earn high through hodling and sell only their bitcoin or altcoins at a higher price. Hodling for me is patience and trust, it is patience because we have to wait at the right time inorder achieve good profits by waiting the rise of cryptocurrency at the market. Also it is trust for me because we will not hodle and not to sell at a lower price if we don't trust our investment crypto coins.
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