Why you don't need to HODL or trade Bitcoin - page 2.

livingfree

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Quote from: Alexmagn84 on May 30, 2021, 10:03:42 AM

Bitcoin then we do regard that yet doesn't imply that those expressions of yours would truly be commonly ready to persuade out individuals who had been supporting and having positive perspectives about bitcoin potential in longer angle. That is the reason it is smarter to hold anyway the sum that we can bear to lose. Also, I am certain that Bitcoin will get another opportunity to better constantly cost again later on.

During the days of correction.

Owning bitcoin is the smartest choice. If it came from the lowest price then that means that you have bought the dip and it's very important that you had bought it because it balances your portfolio.

And don't listen to any negativity that you can hear in the community and Internet, hold bitcoin no matter other says.

irsykes

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Well, holding and trading, it is each person's style and as long they can get profit with it, i don't think it it bad thing to do. I mean maybe OP only warned us about bitcoin's risk, and change to ETH but like what people's said, bitcoin has plus and minus value, altcoins has plus and minus value, any kind of strategy in trading also have plus and minus value. So if it can give us profit and we really good at it, just choose anything that we want.

Alexmagn84

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Bitcoin then we do regard that yet doesn't imply that those expressions of yours would truly be commonly ready to persuade out individuals who had been supporting and having positive perspectives about bitcoin potential in longer angle. That is the reason it is smarter to hold anyway the sum that we can bear to lose. Also, I am certain that Bitcoin will get another opportunity to better constantly cost again later on.

zanezane

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Well, that's pretty stupid calling bitcoin a relic of the past even though the price says so otherwise and to everyone who sees this, do not be deceived with the title, you can still hodl bitcoin and it will be much better because the prices that it can go up is really high compared to altcoins that you might be risking your investment and ending up with nothing.

Kopetunto

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Quote from: Alert31 on May 19, 2021, 07:59:41 PM

Holding to earn, trading to earn. Both holding and trading has one purpose "to Earn". If you have bitcoin or Ethereum better to hold for long term investment to earn huge profit because that two digital currency will grow more in the future. But in trading, I choose to trade altcoins for short term. It is good to trade good altcoins because it also give you a huge profit in a short period of time.

yes you are right, because in altcoin we can indeed choose many tokens or coins that are still cheap.
or the price is smaller than bitcoin, but if you say that the fluctuation is lower it is wrong, because all crypto currencies have high volatility

TheGreatPython

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Quote from: Obito on May 13, 2021, 07:33:17 AM

Hodling is risk free though, OP probably has a little patience that a long-term investment isn't good for OP, did you expect that when you get in the cryptocurrency market, you are going to make it big really fast? Are you frustrated that you sold at a loss and now you want other people to withdraw their hodlings so they can join you and bathe in misery?

Exactly what I was also wondering because the growth in BTC over the last few years has been enough for anyone to hold their coins for a year and sell them. I don't think you can earn profits anywhere close to that in any venture you invest. The expectation of people when they invest in bitcoins, I think, is to multiply their investment 10x within a week. This is also why futures trading is so popular now because people want to become rich overnight and have lost their patience.

I have a friend recently who lost around 18k USDT during the crash because he was trading in futures and held BNB and the market crashed just so bad that he lost all he had earned over the years. When I asked him why he even was doing futures when he had a mammoth capital of 18k himself, he told me because he can easily earn 1k in futures within a few days and sometimes hours.

lixer

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Quote from: Alert31 on May 19, 2021, 07:59:41 PM

Holding to earn, trading to earn. Both holding and trading has one purpose "to Earn". If you have bitcoin or Ethereum better to hold for long term investment to earn huge profit because that two digital currency will grow more in the future. But in trading, I choose to trade altcoins for short term. It is good to trade good altcoins because it also give you a huge profit in a short period of time.

I have tried this and I will tell you the problem I have faced with holding coins.

1- All the time I was looking at the prices of my coins I hold.
2- I was feeling irritated because I had nothing to do and even if I try and focus on something else, I would have my mobile with me to check the prices all the time ultimately I cannot focus on anything.
3- Within a few months I start feeling mad and I used to get sad when coins were dropping which also led me to take some days off from my office.

I think all this happened because I just invested too much and hence I was worried all the time. People who hold must have a lot of money or they are made of rock that they don't budge even when prices are dropping.

elisabetheva

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Quote from: Alert31 on May 19, 2021, 07:59:41 PM

Holding to earn, trading to earn. Both holding and trading has one purpose "to Earn". If you have bitcoin or Ethereum better to hold for long term investment to earn huge profit because that two digital currency will grow more in the future. But in trading, I choose to trade altcoins for short term. It is good to trade good altcoins because it also give you a huge profit in a short period of time.

The two coins that you said are still the best to date and I agree that you really intend to invest and hold them for a long time because the two coins are very good and reliable until now. all admit it and cannot escape it.

but actually a few days ago bitcoin was also very good for day trading, because from time to time there was always a difference in the movement between up and down, so that it was able to generate a decent profit. the problem is that it takes a lot of funds to be able to do daily trading for bitcoin. besides if we trade with altcoins the possibility of absorbing funds is not too much, so keep that in mind but there are also many good altcoins that are used as day trading.

I agree with you that whatever we do whether it is trading or storing it is just as good, the most important thing is what coin placement we will make to do that.

Alert31

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Holding to earn, trading to earn. Both holding and trading has one purpose "to Earn". If you have bitcoin or Ethereum better to hold for long term investment to earn huge profit because that two digital currency will grow more in the future. But in trading, I choose to trade altcoins for short term. It is good to trade good altcoins because it also give you a huge profit in a short period of time.

anti-dot

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The Standard Protocol - Solving Inflation

Quote from: yohananaomi on May 15, 2021, 10:07:16 AM

Quote from: Kittygalore on May 15, 2021, 02:00:19 AM

Quote from: Kong Hey Pakboy on April 29, 2021, 12:08:57 AM

The reason that hodling is good is because bitcoin price is proven to go up in the long-term and not hodling will only result in regret and FOMO because you didn't trust bitcoin to go up in the long-term and then you will make a thread in this forum about how you regret not hodling bitcoin when it was still cheap and then others will reply trying to tell you that it is okay but deep inside they think that you deserve it.

T
OP doesn't think that way, he/she is pretty stupid to think that hodling isn't a viable strategy. I don't get the point of OP's post that it is not a necessity to hodl bitcoin or trade it which is essentially the only thing that you can do for now, either OP has a weak hands that hodling isn't viable for OP or OP wants other people to do what he/she did so OP isn't alone in the pits of having no bitcoin.

all may have different opinions and have views from their side that are impossible for others to know, so what people think obviously will not be the same as what we might experience and that is a natural thing.

many argue that hold is the best thing that can be done, maybe because he does not want to achieve to trade with which may experience risks that are not what he wanted. but there are those who prefer trading rather than holding for a long time.

We must admit that at this time, if you look at the movement of each coin, it is very clear that it is very good to trade. because the difference is very attractive, but there are those who are afraid of doing it wrong, so everyone can do as he wishes.

As we can see right now holding can be so stressful. You should have some rules in place for yourself in order to manage your holdings in a way that are to too much stress. Don't hold onto everything, sell some, hold some, and that is a healthy middle way.

yohananaomi

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Quote from: Kittygalore on May 15, 2021, 02:00:19 AM

Quote from: Kong Hey Pakboy on April 29, 2021, 12:08:57 AM

The reason that hodling is good is because bitcoin price is proven to go up in the long-term and not hodling will only result in regret and FOMO because you didn't trust bitcoin to go up in the long-term and then you will make a thread in this forum about how you regret not hodling bitcoin when it was still cheap and then others will reply trying to tell you that it is okay but deep inside they think that you deserve it.

T
OP doesn't think that way, he/she is pretty stupid to think that hodling isn't a viable strategy. I don't get the point of OP's post that it is not a necessity to hodl bitcoin or trade it which is essentially the only thing that you can do for now, either OP has a weak hands that hodling isn't viable for OP or OP wants other people to do what he/she did so OP isn't alone in the pits of having no bitcoin.

all may have different opinions and have views from their side that are impossible for others to know, so what people think obviously will not be the same as what we might experience and that is a natural thing.

many argue that hold is the best thing that can be done, maybe because he does not want to achieve to trade with which may experience risks that are not what he wanted. but there are those who prefer trading rather than holding for a long time.

We must admit that at this time, if you look at the movement of each coin, it is very clear that it is very good to trade. because the difference is very attractive, but there are those who are afraid of doing it wrong, so everyone can do as he wishes.

Kittygalore

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Quote from: Kong Hey Pakboy on April 29, 2021, 12:08:57 AM

The reason that hodling is good is because bitcoin price is proven to go up in the long-term and not hodling will only result in regret and FOMO because you didn't trust bitcoin to go up in the long-term and then you will make a thread in this forum about how you regret not hodling bitcoin when it was still cheap and then others will reply trying to tell you that it is okay but deep inside they think that you deserve it.

T
OP doesn't think that way, he/she is pretty stupid to think that hodling isn't a viable strategy. I don't get the point of OP's post that it is not a necessity to hodl bitcoin or trade it which is essentially the only thing that you can do for now, either OP has a weak hands that hodling isn't viable for OP or OP wants other people to do what he/she did so OP isn't alone in the pits of having no bitcoin.

anti-dot

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The Standard Protocol - Solving Inflation

Quote from: Hamphser on March 24, 2021, 05:30:38 PM

Quote from: Anrix2036 on March 24, 2021, 04:38:37 PM

Bitcoin is important step to revolution of the whole financial system, but not the last. It exists now, because not many people understand that Bitcoin is relic of the past. Ethereum is much more promising than Bitcoin with it's smart-contracts. HODL Ethereum not Bitcoin, when the disaster comes, Bitcoin won't survive.

Seeing Bitcoin to be like this? Then why you are here on a Bitcoin forum in the first place?

If you do believe that ETH is much better than Bitcoin then we do respect that but doesnt mean that those words of yours would really be typically able to convince out people who had been
supporting and having positive views about bitcoin potential in longer aspect.

Imagine on how people had made out money specially to those early adopters? Consider on how far we've able to reach when it comes to price?
Imagine on how far we've able to reach out when it comes to real life adoption?

There is someone who put his opinion out there obviously for discussion. No reason to go about it like you did. I don't share the opinion of OP either, but I can see where he is coming from.

As for Ethereum, more functionalities doesn't always mean better. It is the same for almost everything in life. Any set of tools (or rather most) have their own strengths and weaknesses. Bitcoin, besides technical facts, also has some mystical advantages going for it that stem from its first mover advantage and the fact that it was the ever first solution to global digital money based on a consensus driven open ledger.
Imagine you can purchase the very first Picasso even though it was not his best, do you think it'd be cheap? Wink

rhodelmabanal

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Quote from: wahyu wida on May 13, 2021, 09:17:40 AM

Quote from: Obito on May 13, 2021, 07:33:17 AM

Hodling is risk free though, OP probably has a little patience that a long-term investment isn't good for OP, did you expect that when you get in the cryptocurrency market, you are going to make it big really fast? Are you frustrated that you sold at a loss and now you want other people to withdraw their hodlings so they can join you and bathe in misery?

the most important thing to hold is our psychology, where are we not shaky with today's profits, and want to continue to hold on, and whether to stay strong in the event of a dump like in 2018, so that it can rise like this year. Psychology like that can only be managed by people who are professionals, because it is difficult to carry out

We don't need to hold or trade btc because there are so many coin or token to buy and hold, there are altcoins that is profitable so i think holding bitcoin is just an option only, but we can still holding both altcoin and bitcoin, every crypto trader has its own strategy and buying good coin is one of the most amazing strategy but it will not work if we dont have patience i also read elon musk tweet today it says as always don't panic.

wahyu wida

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Quote from: Obito on May 13, 2021, 07:33:17 AM

Hodling is risk free though, OP probably has a little patience that a long-term investment isn't good for OP, did you expect that when you get in the cryptocurrency market, you are going to make it big really fast? Are you frustrated that you sold at a loss and now you want other people to withdraw their hodlings so they can join you and bathe in misery?

the most important thing to hold is our psychology, where are we not shaky with today's profits, and want to continue to hold on, and whether to stay strong in the event of a dump like in 2018, so that it can rise like this year. Psychology like that can only be managed by people who are professionals, because it is difficult to carry out

Obito

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Hodling is risk free though, OP probably has a little patience that a long-term investment isn't good for OP, did you expect that when you get in the cryptocurrency market, you are going to make it big really fast? Are you frustrated that you sold at a loss and now you want other people to withdraw their hodlings so they can join you and bathe in misery?

Kelvinid

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when lambo...

It was just OP misunderstood what is HOLDING and TRADING, and I think this is not the right place for him.

Quote from: ?? on ??

Quote from: Renampun on March 30, 2021, 02:01:07 PM

do not really understand your purpose in making this topic...
I am a Bitcoin holder and trader and there are many reasons I do both. So far I have never lost in doing both so your advice is not suitable for me 'lol'.

But looking at the answers in this thread, one gets an unambiguous impression about the benefits of the Hold and Bitcoin trading, of course the Hold is in the lead.
I have a lot of experience with the Hold because of my impatience I have suffered losses. However, it is absolutely obvious to me that hold is the most profitable strategy at the moment.
Such tips can be useful for those who have bad experience in holding or trading Bitcoin.

Holding is not an easy job. Not all can do that, honestly.

However, it was then to say that trading is somewhat difficult to do if you are not good at this, especially when you don't have enough knowledge and skills. While choosing to hold need strong determination in order to work it great. Both of them are profitable but we should have to analyze and think where we should become comfortable, not because someone says it was good.

andriarto

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Quote from: Hypnosis00 on April 29, 2021, 06:11:27 PM

Quote from: Issa56 on April 29, 2021, 09:24:27 AM

From the little experience am having I really believe in holding bitcoin more than trading it. bitcoin have pumped massively for the past few months now and lots of people have been regretting why they didn't buy and hold bitcoin and some people have being saying bitcoin price is too high and they are expecting a dump which I believe is a true bitcoin. Is not going to dump

Holding is the best option if you wanted to keep your funds safely and of course, it is less risky than trading. However, holding will matter also depending on the market status. Like buying at $10k and hold it until now, you even get a multifold gain but it never happens all the time, and why? Because not all holders are willing to wait, most holders will sell their Bitcoin when they saw that they are already profiting.

I think psychological factors are very influential in this. Maybe at first you had the intention to invest, but when you see that the price has gone up and the profits are visible, it seems as if you don't have the power to sell and take the cut profit

Hypnosis00

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Quote from: Issa56 on April 29, 2021, 09:24:27 AM

From the little experience am having I really believe in holding bitcoin more than trading it. bitcoin have pumped massively for the past few months now and lots of people have been regretting why they didn't buy and hold bitcoin and some people have being saying bitcoin price is too high and they are expecting a dump which I believe is a true bitcoin. Is not going to dump

Holding is the best option if you wanted to keep your funds safely and of course, it is less risky than trading. However, holding will matter also depending on the market status. Like buying at $10k and hold it until now, you even get a multifold gain but it never happens all the time, and why? Because not all holders are willing to wait, most holders will sell their Bitcoin when they saw that they are already profiting.

doomloop

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Quote from: Kong Hey Pakboy on April 29, 2021, 12:08:57 AM

The reason that hodling is good is because bitcoin price is proven to go up in the long-term and not hodling will only result in regret and FOMO because you didn't trust bitcoin to go up in the long-term and then you will make a thread in this forum about how you regret not hodling bitcoin when it was still cheap and then others will reply trying to tell you that it is okay but deep inside they think that you deserve it.

Yes, holding is the only effective and riskless way of making profits with bitcoin and all other methods are having significant risk levels. I'm seeing lots of people are directly entering into trading but after facing continuous losses by unable to predict market directions due to high volatility nature of bitcoin markets then they slowly coming back to holding options of bitcoin markets.

So, the people who are directly opting for holding bitcoin definitely will make big profits compared to those people who are trying trading at first hand.

Topic: Why you don't need to HODL or trade Bitcoin - page 2. (Read 1146 times)