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
I believe bitcoin price is still very low and will soon pump massively I will definitely advice everyone to buy and hold bitcoin now before the bull run start because very soon you won't see bitcoin in the range and you might endup regreting in the future why you did not buy and hold bitcoin now.
Topic: Why you don't need to HODL or trade Bitcoin - page 3. (Read 1176 times)
Bitcoin is not the only one here that is risky, almost all altcoins are too risky to invest in.
But it always remain top in the market is Bitcoin and Ethereum. These two are really good in the long
term, If I only have a big amount of money I will buy a huge of these two for sure. Because these two
coins will really give me a good savings in the future.
But it always remain top in the market is Bitcoin and Ethereum. These two are really good in the long
term, If I only have a big amount of money I will buy a huge of these two for sure. Because these two
coins will really give me a good savings in the future.
Makes sense but if an event of collapse happens, these two currencies will be the first to lose their value
it's never good to put all money only in selected two currencies, it increases the risk of losing all by many folds and you should consider investing some amount on established money like gold, stocks of some great companies to make your folio less risky 
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.
I want to share some thoughts about the reasons why HODLing Bitcoin is risky, and why you don't need to build any TA strategies for trading Bitcoin.
As you know, holding, investing, or trading all cryptocurrecnies (not only BTC) is RISKY. This is a real fact that crypto always requires risks. Higher risks will give higher profits. However, Why I am still believing to hold and trade Bitcoin? Because I am sure that BTC is more than everything in the crypto, BTC is much better than altcoins. I also love altcoins, some of them also have very promising results from trading or investing.
So, I don't think to hold BTC.
Just do your own research, do investment and trades based on your responsibility, and also keep yourself wise, calm, and also smart investment or trading.
All investment are risky may it be on stock or real estate they have their own risk like in cryptocurrency, it will be a matter of timing where to buy and when to sell. Ethereum plays a different role in each trader whie bitcoin been too popular as a good investment that increase in value as time pass by, the influence of crypto is way too high now that can’t compare to eth who were only noticed once btc known.
Yes, we should not compare each of these coins. Moreover, claiming not needed for holding nor trading bitcoin is not making any sense because people are making good profits by doing those things for years. When we are comfortable with something, I'm not sure how OP kind of people are suggesting about not doing exact same things.I agree that every investment is coming with its own level of risk but with bitcoin investments we can easily have risk-free situation when we go for long-term holding; this way we do not need to trade bitcoins to make profits still holding is very important here.
All investment are risky may it be on stock or real estate they have their own risk like in cryptocurrency, it will be a matter of timing where to buy and when to sell. Ethereum plays a different role in each trader whie bitcoin been too popular as a good investment that increase in value as time pass by, the influence of crypto is way too high now that can’t compare to eth who were only noticed once btc known.
Yes, we should not compare each of these coins. Moreover, claiming not needed for holding nor trading bitcoin is not making any sense because people are making good profits by doing those things for years. When we are comfortable with something, I'm not sure how OP kind of people are suggesting about not doing exact same things.I agree that every investment is coming with its own level of risk but with bitcoin investments we can easily have risk-free situation when we go for long-term holding; this way we do not need to trade bitcoins to make profits still holding is very important here.
Quote from: kramchers link=topic=5326198.msg56822841#msg56822841 to eth date=1618871353
Bitcoin is not the only one here that is risky, almost all altcoins are too risky to invest in.
But it always remain top in the market is Bitcoin and Ethereum. These two are really good in the long
term, If I only have a big amount of money I will buy a huge of these two for sure. Because these two
coins will really give me a good savings in the future.
All investment are risky may it be on stock or real estate they have their own risk like in cryptocurrency, it will be a matter of timing where to buy and when to sell. Ethereum plays a different role in each trader whie bitcoin been too popular as a good investment that increase in value as time pass by, the influence of crypto is way too high now that can’t compare to eth who were only noticed once btc known. But it always remain top in the market is Bitcoin and Ethereum. These two are really good in the long
term, If I only have a big amount of money I will buy a huge of these two for sure. Because these two
coins will really give me a good savings in the future.
Bitcoin and Ethereum are both good assets and if you keep on saying that ethereum is better than bitcoin then why would ethereum cant take over the value of bitcoin, Bitcoin is more decentralized than ethereum so what you are talking about? You also said that it is better to hold ethereum than holding bitcoin, I don't know why you keep trusting Ethereum over bitcoin, bitcoin already prove itself to a lot of people, bitcoin is now used as a means of payment in many companies.
From how the price seems like, I don't think there are points to still try too hard to make people invest and hodl Bitcoin from what you said in the OP.
Who urge you to invest and hold one full bitcoin? It is just like a myth. You can invest whatever amount you are having right now with the plans of holding for long period. It can be $100 or $500 or anything. Moreover, the very important factor for gaining unbelievable profits from bitcoin investment is, how long you will be holding rather than how much you're going to invest.Just look into the people who are holding for more than one decade and still continue their holding because they are believing into million-dollar levels for one bitcoin. I am also believing that will be possible in coming years.
And sometimes we ask ourselves why I don't have such doings? We keep blaming ourselves but because of our differences, it always becomes like this.
So just like you have said, nobody had urged us to HOLD nor urged us to SELL as that will be an individual decision.
Just look into the people who are holding for more than one decade and still continue their holding because they are believing into million-dollar levels for one bitcoin. I am also believing that will be possible in coming years.
Yes, like many other people have already notified OP must be a bitcoin hater and there will be no point of listening what he is saying here. It is always good to have bitcoin with the long-term plans and it will be definitely profitable even for my case.I am also holding bitcoins with long term plans and probably I may not spend my bitcoin but my grand people will be making use of them and most probably I might use only very low percentage of my bitcoins.
From how the price seems like, I don't think there are points to still try too hard to make people invest and hodl Bitcoin from what you said in the OP.
Who urge you to invest and hold one full bitcoin? It is just like a myth. You can invest whatever amount you are having right now with the plans of holding for long period. It can be $100 or $500 or anything. Moreover, the very important factor for gaining unbelievable profits from bitcoin investment is, how long you will be holding rather than how much you're going to invest.Just look into the people who are holding for more than one decade and still continue their holding because they are believing into million-dollar levels for one bitcoin. I am also believing that will be possible in coming years.
From how the price seems like, I don't think there are points to still try too hard to make people invest and hodl Bitcoin from what you said in the OP. Regardless of the drawbacks that Bitcoin currently have, even though we already have Lightning Network as solution to the drawbacks you mentioned, I would still hodl.
As for trading, it is just up to one's time sometimes. I quit my day trading back then, because it isn't really working in my part.
As for trading, it is just up to one's time sometimes. I quit my day trading back then, because it isn't really working in my part.
Bitcoin is not the only one here that is risky, almost all altcoins are too risky to invest in.
But it always remain top in the market is Bitcoin and Ethereum. These two are really good in the long
term, If I only have a big amount of money I will buy a huge of these two for sure. Because these two
coins will really give me a good savings in the future.
But it always remain top in the market is Bitcoin and Ethereum. These two are really good in the long
term, If I only have a big amount of money I will buy a huge of these two for sure. Because these two
coins will really give me a good savings in the future.
In my opinion, if you say it is not risky it is true. However, that is if we use it for investment in the long term. Because every year the Bitcoin price continues to increase. Yes, Bitcoin is a promising asset for the future. However, there are traders who trade Bitcoin on a daily or weekly basis to get more profit, besides being quick to earn, but this will be very risky too, if we choose the wrong action to sell it, especially if we are in a position to bet large amounts, it will very detrimental to you when you loss.
It's better to use Bitcoin for the long term, there is nothing wrong with you wanting to trade Bitcoin on a daily or weekly basis. But consider in advance the risks that will await you. All methods have their respective risks, the long term also has risks. However, if we talk about Bitcoin, I think it is suitable as a long-term investment. Don't be too thirsty for big profits, it can also be a weapon that threatens you. Since patience is required in this case, do not panic and be reckless in making decisions. Think carefully when you are trading.
Bitcoin is not the only one here that is risky, almost all altcoins are too risky to invest in.
But it always remain top in the market is Bitcoin and Ethereum. These two are really good in the long
term, If I only have a big amount of money I will buy a huge of these two for sure. Because these two
coins will really give me a good savings in the future.
But it always remain top in the market is Bitcoin and Ethereum. These two are really good in the long
term, If I only have a big amount of money I will buy a huge of these two for sure. Because these two
coins will really give me a good savings in the future.
Having read through the thread, the only valid point I saw OP make was that Ethereum has more features compared to Bitcoin thanks to its smart contracts. Aside from that, there's nothing more about why we should invest or trade Ethereum instead of Bitcoin especially since ETH transaction fees and throughput is similar to that of bitcoin - slow and expensive.
I do not see any valid point; I understand OP is a bitcoin hater and there will be no point of keeping this topic here probably it needs to be moved into altcoin boards as it is for altcoin lovers. Bitcoin got 1 MB block and 10 minute confirmation for reasons but same thing in ethereum shows the lag while designing (1 MB block and 10 minute confirmation are fine for an asset as bitcoin was designed by having gold in mind).I don't even see why Ethereum should take the front row when it comes to investment or trading in this space.
Yeah, only bitcoin haters will keep emphasizing that. That is why I believe that OP kind of people should be barred to create topics outside altcoin boards, just my opinion. 
Having read through the thread, the only valid point I saw OP make was that Ethereum has more features compared to Bitcoin thanks to its smart contracts. Aside from that, there's nothing more about why we should invest or trade Ethereum instead of Bitcoin especially since ETH transaction fees and throughput is similar to that of bitcoin - slow and expensive. Another thing I'd love to point out is that, those technical tools OP mention still works. You just need to learn how to make them work for you. I don't even see why Ethereum should take the front row when it comes to investment or trading in this space.
For me holding bitcoin is quite risky even if bitcoin very popular nowadays. We know that bitcoin price now is very high and i think it is not worth it to hold bitcoin anymore, the only thing you should do is to trade alternative coins so that you gain profit by simply trading btc pair or usdt
Holding bitcoin will be a safe way for people who do not know much about trading and do not have to worry or afraid of the price up to and down. Maybe they can feel worried, but if they do not have to watch the price often, their minds will not always think about fluctuating the price and doing other things to do. But if they have skills to trade, it is better to make a profit and increase the bitcoin amount they have but that will not as easy to say because they need to learn more every day. 
Ao you don't want to HODL or trade your bitcoins then better sell it off and find something which is worth to invest from your opinion. But here you are going to see the reasons why you should Hold or why you should trade Bitcoins.
Every investment and trading have their own risk. We should know that but I guess if I have one thing that I trusted the most of all currency in crypto world then I will always used BTC. BTC is the foundation of all cryptocurrency. I don't think it will collapse or empty zero just like other think but I do believe the technology behind the blockchain. It's the next generation where we're very luck to have it. ETH is superior to all crypto because of its market cap but BTC is way too different. It's truly decentralized. 
why we will believe you when some of you said are not true and clearly you want eth and top altcoins for people to invest and not in bitcoin but even if we will explain here the advantage of btc and the disadvantage of eth and altcoins you wont still believe us but no worries because people here are nice .
we do have eth and top altcoins in our portfolio because this makes us earn earn aside from btc . hope this makes you happy
we do have eth and top altcoins in our portfolio because this makes us earn earn aside from btc . hope this makes you happy
Yeah let's just leave him there we all have different preferences upon choosing where to invest. Some folks find it more profitable in Bitcoin, some find it more profitable in altcoins, and some are both preferred to invest in both of them. We don't need to insist our idea onto someone because they have their own. Each and every coins whether it is Bitcoin or Ethereum they have their own advantages, disadvantage, therefore, they couldn't be compared as they also have a different use case. Personally, I find it more profitable and safe if I will hold not only a single token, specifically Bitcoin and ETH.
I want to share some thoughts about the reasons why HODLing Bitcoin is risky, and why you don't need to build any TA strategies for trading Bitcoin.
First: why not to HODL Bitcoin?
HODLing require from you to hold long position for years. You assume that the price will go up long-term. But why it should go up? General reason for that assumption is that many and many people, enthusiasts, developers, investors, organizations of the whole world get to recognize Bitcoin more. This results to encreasing money flow and price. But in essence, what Bitcoin exactly can give? Of course, decentralizaton, self emission, a bit privacy. But Bitcoin lack some features, that other cryptocurrencies have. Bitcoin can't give people enough transaction speed and convinience. Bitcoin can't give developers convinient methods to build applications. Bitcoin can't help organizations and investors get rid of the fear that this is all just a bubble.
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.
Second: why not to trade Bitcoin?
How are you predict price of Bitcoin? TA indicators?
Ranges? Support/Resistance? Price action? Candle patterns?
We all know about bad statistic of these tools. Almost anyone can't say why they using RSI, MACD, MA, CCI, Bollinger bands and other indicators. Why tringle pattern should end in desired direction? How these tools can help you predict, statistically unpredictible price? Price doesn't owe you something.
Price drives by big speculators, sharks, whales, market makers and other monsters of crypto ocean. They are trying to eat each other. Doesn't you noticed that Bitcoin pumps when new antminer ASICs are sold? You think that Elon Musk that smart to buy Bitcoin? He's smarter! Hype of Bitcoin is rising, why not to sell Tesla cars for Bitcoin?
But just a quick and realistic glance at the Bitcoin price chart of last several months gives clear vision of situation:PUMP!. And what happens after pump? Have someone an answer? Sit down, take A+, of course a DUMP!
You need to have insider info. With that, you'll get more chances. Or be the shark, while this almost impossible.
You can keep trading TA of course, scalping works in every market. But how many succeded traders do you know? Those youtubers? They get money from traffic, adverticement and affiliate programs, not from your success.
If you don't beleave in the future of cryptocurrencies, just want to earn some paper money, then HODL Ethereum or speculate with top altcoins with high liquidity and volatility.
Tell me your opinion.
Edit;
For better understanding of topic, you need to read all replies, cause there are some clarifications regarding this topic.
First: why not to HODL Bitcoin?
HODLing require from you to hold long position for years. You assume that the price will go up long-term. But why it should go up? General reason for that assumption is that many and many people, enthusiasts, developers, investors, organizations of the whole world get to recognize Bitcoin more. This results to encreasing money flow and price. But in essence, what Bitcoin exactly can give? Of course, decentralizaton, self emission, a bit privacy. But Bitcoin lack some features, that other cryptocurrencies have. Bitcoin can't give people enough transaction speed and convinience. Bitcoin can't give developers convinient methods to build applications. Bitcoin can't help organizations and investors get rid of the fear that this is all just a bubble.
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.
Second: why not to trade Bitcoin?
How are you predict price of Bitcoin? TA indicators?
Ranges? Support/Resistance? Price action? Candle patterns?
We all know about bad statistic of these tools. Almost anyone can't say why they using RSI, MACD, MA, CCI, Bollinger bands and other indicators. Why tringle pattern should end in desired direction? How these tools can help you predict, statistically unpredictible price? Price doesn't owe you something.
Price drives by big speculators, sharks, whales, market makers and other monsters of crypto ocean. They are trying to eat each other. Doesn't you noticed that Bitcoin pumps when new antminer ASICs are sold? You think that Elon Musk that smart to buy Bitcoin? He's smarter! Hype of Bitcoin is rising, why not to sell Tesla cars for Bitcoin?
But just a quick and realistic glance at the Bitcoin price chart of last several months gives clear vision of situation:PUMP!. And what happens after pump? Have someone an answer? Sit down, take A+, of course a DUMP!
You need to have insider info. With that, you'll get more chances. Or be the shark, while this almost impossible.
You can keep trading TA of course, scalping works in every market. But how many succeded traders do you know? Those youtubers? They get money from traffic, adverticement and affiliate programs, not from your success.
If you don't beleave in the future of cryptocurrencies, just want to earn some paper money, then HODL Ethereum or speculate with top altcoins with high liquidity and volatility.
Tell me your opinion.
Edit;
For better understanding of topic, you need to read all replies, cause there are some clarifications regarding this topic.
For me holding bitcoin is quite risky even if bitcoin very popular nowadays. We know that bitcoin price now is very high and i think it is not worth it to hold bitcoin anymore, the only thing you should do is to trade alternative coins so that you gain profit by simply trading btc pair or usdt
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