Topic: Why it is so important to HODL in crypto!? (Read 317 times)
That is true on so many levels. Considering that bitcoin itself is not stable as we might think it is, if you aren't a good investor to which I mean you are not calculating your decisions and you are compulsively selling your cryptocurrencies when the price was dropping then you really would miss some serious price increases in this industry, so for those people that aren't able to buy the dip it is advisable for you to not sell you bitcoin investments and instead HODL them and wait for something good to happen.
You have likely heard the term HODL thrown around quite a bit, but there really is some serious math to back that up in regards to cryptocurrency investing.
To start with, HODL originated as a misspelling of the word "hold" and it has stuck on pretty well ever since.
It most literally means to:
Hold
On
(for)
Dear
Life
HODL!
In regards to BTC, especially the way it has traded lately, I am sure many out there are wondering if they should just sell the coin and then buy back in when it is near the bottom.
It's a nice thought I know.
However, if you need any more convincing that you probably won't be able to time it correctly, take a look at this chart:
What does this mean exactly?
Basically that chart is saying that each year, on average, if you miss the 9 best days out of the year, you miss all of the gains.
Which means that if you are out of bitcoin waiting to get in, you may miss the 9 best days and miss the majority of the big moves up for the entire year.
Tom Lee, the creator of this model says exactly that:
“The reason ‘buy and hold’, or HODL, makes sense for Bitcoin is that a handful of days each year account for the bulk of gains for Bitcoin."
(Source: https://bitcoinist.com/market-strategist-tom-lee-hodl-bitcoin/)
There you have it, if you are scared right now, just HODL and hope everything turns out alright.
Source: https://bitcoinist.com/market-strategist-tom-lee-hodl-bitcoin/
To start with, HODL originated as a misspelling of the word "hold" and it has stuck on pretty well ever since.
It most literally means to:
Hold
On
(for)
Dear
Life
HODL!
In regards to BTC, especially the way it has traded lately, I am sure many out there are wondering if they should just sell the coin and then buy back in when it is near the bottom.
It's a nice thought I know.
However, if you need any more convincing that you probably won't be able to time it correctly, take a look at this chart:
What does this mean exactly?
Basically that chart is saying that each year, on average, if you miss the 9 best days out of the year, you miss all of the gains.
Which means that if you are out of bitcoin waiting to get in, you may miss the 9 best days and miss the majority of the big moves up for the entire year.
Tom Lee, the creator of this model says exactly that:
“The reason ‘buy and hold’, or HODL, makes sense for Bitcoin is that a handful of days each year account for the bulk of gains for Bitcoin."
(Source: https://bitcoinist.com/market-strategist-tom-lee-hodl-bitcoin/)
There you have it, if you are scared right now, just HODL and hope everything turns out alright.
Source: https://bitcoinist.com/market-strategist-tom-lee-hodl-bitcoin/
something that is treated like crap is considered worth like crap, thats why.
You never know how long it will stay on market and how much it can rise up
but you always have an opportunity having cryptocurrency to "earn" money
but you always have an opportunity having cryptocurrency to "earn" money
It is important to hodl crypto because in time more and more people will get into the crypto world so it is better to make your savings now, when things are still at the beginning
Thanks for the informative article. Keep up the good work. Tom Lee, who used to be the former Chief Equities analyst for JP Morgan is one of Wall Street's top Bitcoin bulls. He is advocating for investors to HODL. His Bitcoin Misery Index currently stands at 28 which is at the 'misery' level. Whenever this has happened before Bitcoin has rebounded and gone on to another bull market phase.
because crypto is high risk and high volatility.. if you do day trading you may gain big profit but also you may loss big.. but if you hodl from the start it will give you a profit and less risk than day trading..
Since I am not an active day trader, I agreed that holding is best way to see our bitcoin price appreciate against USD. From the historical prices over the past few years, the profit from holding is really huge.
It's the game of patience and to be honest, it is extremely difficult to sustain in such situation when you see your capital decline by around 1 to 5% daily but if someone is having proper research behind his investment decision then he should really have faith and confidence on this research. This is a wild market and thus it is extremely important to do research and rational thinking before making any investment decision irrespective of the profits that other people are making out of it.
Look at a graph of bitcoin’s price during it’s entire lifetime, that’s all you have to do if you need a good reason to HODL. Sure there are epic pumps followed by tragic dumps but there is one thing constant over the time since the 1st block was mined.
Time = Price Rising
Look out for 2020 after the next halving, HODL & expect big profits via a very high bitcoin price.
Time = Price Rising
Look out for 2020 after the next halving, HODL & expect big profits via a very high bitcoin price.
Yeah it’s true. If you are aiming temporary and instant profit, you may miss your best day. It’s pretty risky compared to holding coins. Pretty much agree with your post. Thanks for sharing.
Actaully for me why i hold bitcoin because i like the profit of bitcoin when it is rise again and the profit that i get is double of what i have. So that im waiting i right time when i sell my coin thats why im hold it.
You have likely heard the term HODL thrown around quite a bit, but there really is some serious math to back that up in regards to cryptocurrency investing.
To start with, HODL originated as a misspelling of the word "hold" and it has stuck on pretty well ever since.
It most literally means to:
Hold
On
(for)
Dear
Life
HODL!
In regards to BTC, especially the way it has traded lately, I am sure many out there are wondering if they should just sell the coin and then buy back in when it is near the bottom.
It's a nice thought I know.
However, if you need any more convincing that you probably won't be able to time it correctly, take a look at this chart:
https://steemit-production-imageproxy-thumbnail.s3.amazonaws.com/U5du7rmnCU8zPVCw18t6VhtfGStTaTY_1680x8400
What does this mean exactly?
Basically that chart is saying that each year, on average, if you miss the 9 best days out of the year, you miss all of the gains.
Which means that if you are out of bitcoin waiting to get in, you may miss the 9 best days and miss the majority of the big moves up for the entire year.
Tom Lee, the creator of this model says exactly that:
“The reason ‘buy and hold’, or HODL, makes sense for Bitcoin is that a handful of days each year account for the bulk of gains for Bitcoin."
(Source: https://bitcoinist.com/market-strategist-tom-lee-hodl-bitcoin/)
There you have it, if you are scared right now, just HODL and hope everything turns out alright.
Source: https://bitcoinist.com/market-strategist-tom-lee-hodl-bitcoin/
Why holding crypto is important because it is our only weapon as we engaging battle to the volatility of its value, but selling and buying again of a cheaper coin might be another option for trading purposes to recover the loses and when the drop comes again thinking it is the best time to buy, then be it, it just a matter of analytical procedure. To start with, HODL originated as a misspelling of the word "hold" and it has stuck on pretty well ever since.
It most literally means to:
Hold
On
(for)
Dear
Life
HODL!
In regards to BTC, especially the way it has traded lately, I am sure many out there are wondering if they should just sell the coin and then buy back in when it is near the bottom.
It's a nice thought I know.
However, if you need any more convincing that you probably won't be able to time it correctly, take a look at this chart:
https://steemit-production-imageproxy-thumbnail.s3.amazonaws.com/U5du7rmnCU8zPVCw18t6VhtfGStTaTY_1680x8400
What does this mean exactly?
Basically that chart is saying that each year, on average, if you miss the 9 best days out of the year, you miss all of the gains.
Which means that if you are out of bitcoin waiting to get in, you may miss the 9 best days and miss the majority of the big moves up for the entire year.
Tom Lee, the creator of this model says exactly that:
“The reason ‘buy and hold’, or HODL, makes sense for Bitcoin is that a handful of days each year account for the bulk of gains for Bitcoin."
(Source: https://bitcoinist.com/market-strategist-tom-lee-hodl-bitcoin/)
There you have it, if you are scared right now, just HODL and hope everything turns out alright.
Source: https://bitcoinist.com/market-strategist-tom-lee-hodl-bitcoin/
Because you can't predict the cap market price. Any coin can sky rocket at any time. Coins are future investment
yes one may at a glance look the daily price graphical representation of bitcoin and etherum price in coin market caps... he decided to hold. Well, HODLers Keep the HODL in the dips and BUY. Bitcoin has reached the threshold. There might come a time that creation of Bitcoin will cease because Bitcoin mining companies might stop mining. Bitcoin owners might immediately have the value of their Bitcoins.
bitcoin and etherum price now very much low than before when i buy my bitcoin and etherum. so i decided to hold bitcoin and others cryptocurrenc.. Hodl is a good action but people need to avoid themself OVERHODL like me because i hodl too much my money was 15x or more and i did not take profit and it is 4x now and i stuck as a hodler waiting for new bull season. If you made good return you need to take some profit. Do not OVERHODL =)
People will forget his target once the rally continues to up and it's late to determine that the market trends had switch to other side and his investments had slowly evaporates with the bear run. This bearish market had teached us more about volatility market.
I think that advising people to HODL in all circumstances is not a good idea. Any more than advising them to buy or sell in all circumstances is a good idea. Say for example somebody bought now and the price went up next week to 12k then I'd advise them to sell some Bitcoin. But buy now and then it crashes to 3k next week then they shouldn't sell. But perhaps buy a bit more if they can afford it. I wouldn't buy today at around 7.3. It's a bit high compared to a few days ago.
It is important to HODL because of the big opportunity in cryptocurrency to earned money. The chance of price to grow in the market. We all know that coins are volatile so when we buy at lower price the opportunity is existing.
Because you can't predict the cap market price. Any coin can sky rocket at any time. Coins are future investment
Very nice analysis. I was looking the same thine few days back. And I also think like you that this is the time for HODL. Better to see the trend and wait for the raise of bitcoin price.
Nice chart. However there are some saying that past performance does not guarantee future results. Lets just see what will happen when 2018 ends. If bitcoin will reach new ATH or not.
Im hoping that bitcoin will reach the 15,000 price once again.
Im hoping that bitcoin will reach the 15,000 price once again.
If you wish to make the most profits and make a lot of money with bitcoin then buying and holding and waiting for higher prices is your best best.
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