He just cleared it out that ETH had felt him better than the known Bitcoin. Can't argue with him right? It is his choice and we have ours also, and no matter how we would like to tell him that Bitcoin is the leading coin in the market, his trust towards ETH can't be twisted.
But anyways, ETH is still good for long-term investment and OP isn't the wrong choice also for it. What went wrong is that he is trying to say that Bitcoin is useless and there is no reason why we hold Bitcoin. Well, too disappointed to hear that because we know already, and since the start Bitcoin is still there and keeps growing.
Topic: Why you don't need to HODL or trade Bitcoin - page 5. (Read 1176 times)
I do respect your opinions about hodling, but I still prefer to hodl bitcoin than ethereum. If you are saying that eth is better than btc, then it is a disrespect for the king of all cryptocurrencies. Why I will hodl my bitcoin? It is simply because I believe with it's potential to be valued much in the future and there are so many bigtime people or organizations who bought bitcoin, and as of now they are hodling their assets.
It was an option for him to choose ETH over bitcoin because they think it is the most peddling thing compared to bitcoin.We know that all coins are focused on bitcoin because it is one of the most sought after coins to date and even compares bitcoin to other stocks, and of course I will have more confidence in bitcoin from start to finish, even as a future investment.
Still the highest asset will be bitcoin in its entirety and other coins will only be complementary, but I also have no doubt that ETH currently knows the glory of ETH at its current peak and increases along with the development of bitcoin above it.
You have very nicely explained the subject of holding first and then of trading. I agree with your argument. Holding is based on trust and risk. We make a profit through the ups and downs of trading. However, it is not the case that there is no risk.
I have done similar things in my life before. I have invested and held a lot of coins at one point, and I took out my capital and with the rest I just traded and did what I can, and I have also lost a lot of money and earned a lot of money, some traded and some just hodl and all around I can tell you that when you have nothing to lose, it is easier to trade.I mean when it is your money on the line you are a bit more scared on what to do, but when you take some of it out and you are doing better, it is something to really not care and not bothered with because you took your initial capital out so only thing you can have with that trade is break even, even if everything goes to zero.
I recently invested into a defi and I put 150 bucks in it, it reached to 700 dollar levels, I took my 150 dollar out and then rest of the coins I had dropped to 4 dollars, that is right 4 dollars, because it turns out it was a rug pull and that is why it dropped so significantly. I am fine with it, because I could have made a bigger loss.
Is it just me who find this post not making any meaningful sense,
'Why not to hodl, Why not to sell' what the fuck does that mean, do you plan to eat it raw perhaps if you find it confusing to do both! just curious
don't give yourself unnecessary headache trying to analyze the best approach to 'not to hodl, not to sell' btc and just do both or do one, it is either black or white, no in-between, either you decide to sell or hodl, you will still end up doing one among the two. That simple
'Why not to hodl, Why not to sell' what the fuck does that mean, do you plan to eat it raw perhaps if you find it confusing to do both! just curious
don't give yourself unnecessary headache trying to analyze the best approach to 'not to hodl, not to sell' btc and just do both or do one, it is either black or white, no in-between, either you decide to sell or hodl, you will still end up doing one among the two. That simple
This is your perspective we have different the market will not become volatile if you are going to hold much supply of the bitcoin this is the reason why we have an active market. Mostly the reason people want to hold this coin because of their trust and confidence in being active in holding this coin to make it profitable even they hold it for more than a month or year. Like the other sources, Bitcoin has a huge potential.
There is no to reason not to trust in Bitcoin. Bitcoin is the king of Crypto market and day by day people are showing their trust in Bitcoin. Also bitcoin is giving good profit to the holders. As bitcoin is the number 1 crypto currency in the crypto world, we can trust bitcoin easily.Have you heard of the saying “to each his own”? I mean if you prefer Ethereum over Bitcoin then why make a fuss out of it? Bitcoin was here first and maybe that’s one of the reasons mainly why people hodl Bitcoin because of the length of time it has been here and for that length of time, it had grew its value to more than anyone had expected. But yeah Ethereum is fine too, but you can’t control people on which they would prefer to hodl. Respect begets respect. 😊
I think it is enough to express how you feel protecting Bitcoin is the best coin over the others. It is OP to have his opinion and that he likes more on ETH than Bitcoin. I don't think there is a problem with that and I think we don't need to force people to like most BTC since they have their preferred coin to invest in. And if we read what he replies to the above post, it was clear enough to say that he never wants to hold Bitcoin and put an end to that.
Well, Bitcoin and Ethereum are promising cryptos. And if we can get profits and trust both, why not?
Holding is about trust. I am personally one of them. Buying the Bitcoin when the market is already down to bearish market someday and then hold it for several years. Why do I do this? because I believe in Bitcoin. and I am ready for the risks, whatever it is. That is why it is better to hold however the amount that we can afford to lose. And I am sure that Bitcoin will have another chance to better and better price again in the future.
And why we are trading Bitcoin? because there is sometimes significant down and rise price in the market and we can take the chance to get profits from this.
Wow, that's amazing. You have very nicely explained the subject of holding first and then of trading. I agree with your argument. Holding is based on trust and risk. We make a profit through the ups and downs of trading. However, it is not the case that there is no risk. Holding is about trust. I am personally one of them. Buying the Bitcoin when the market is already down to bearish market someday and then hold it for several years. Why do I do this? because I believe in Bitcoin. and I am ready for the risks, whatever it is. That is why it is better to hold however the amount that we can afford to lose. And I am sure that Bitcoin will have another chance to better and better price again in the future.
And why we are trading Bitcoin? because there is sometimes significant down and rise price in the market and we can take the chance to get profits from this.
Have you heard of the saying “to each his own”? I mean if you prefer Ethereum over Bitcoin then why make a fuss out of it? Bitcoin was here first and maybe that’s one of the reasons mainly why people hodl Bitcoin because of the length of time it has been here and for that length of time, it had grew its value to more than anyone had expected. But yeah Ethereum is fine too, but you can’t control people on which they would prefer to hodl. Respect begets respect. 😊
People have their own preferences and own sighting with regards on how they can grow their Bitcoins that they have on hand. Holding is one of the way people are seeing to make it possible because of the volatile price of Bitcoin that makes it possible for a single cent or part of it to cost a big amount in a long run. When it comes to trading, people cannot directly predict the flow or into which direction the price can get into that is why it is risky but we are all into taking risk for we all know at the first place the consequence we will be facing right through it. Now with regards to which is better than Bitcoin and Ethereum, both are good so nothing to compare because why bother to just focus and choose one when you can have both at the same time. Trading and holding have become a part of each and everyone in here so there is no doubt many are against the argument but it is your own sightings so it will be just fine for we know what exactly applies better for us.
And people should remember about the simple rule in investments, don't put all your eggs in one basket. It is always best to diversify your portfolio. Whether you go for btc and eth or btc, eth, bnb, and others. However, it is really up to the person how he can optimize his profits, whether in trading or holding. And sometimes, it depends on your necessity. There are times that you need to cash out for some urgent matters. That's very understandable as it is your money and you can do anything what you need to do. So bottomline, you are the only one that can decide what to do with your portfolio, because that's your money at stake.
People have their own preferences and own sighting with regards on how they can grow their Bitcoins that they have on hand. Holding is one of the way people are seeing to make it possible because of the volatile price of Bitcoin that makes it possible for a single cent or part of it to cost a big amount in a long run. When it comes to trading, people cannot directly predict the flow or into which direction the price can get into that is why it is risky but we are all into taking risk for we all know at the first place the consequence we will be facing right through it. Now with regards to which is better than Bitcoin and Ethereum, both are good so nothing to compare because why bother to just focus and choose one when you can have both at the same time. Trading and holding have become a part of each and everyone in here so there is no doubt many are against the argument but it is your own sightings so it will be just fine for we know what exactly applies better for us.
This is your perspective we have different the market will not become volatile if you are going to hold much supply of the bitcoin this is the reason why we have an active market. Mostly the reason people want to hold this coin because of their trust and confidence in being active in holding this coin to make it profitable even they hold it for more than a month or year. Like the other sources, Bitcoin has a huge potential.
There is no to reason not to trust in Bitcoin. Bitcoin is the king of Crypto market and day by day people are showing their trust in Bitcoin. Also bitcoin is giving good profit to the holders. As bitcoin is the number 1 crypto currency in the crypto world, we can trust bitcoin easily.
This is your perspective we have different the market will not become volatile if you are going to hold much supply of the bitcoin this is the reason why we have an active market. Mostly the reason people want to hold this coin because of their trust and confidence in being active in holding this coin to make it profitable even they hold it for more than a month or year. Like the other sources, Bitcoin has a huge potential.
I do respect your opinions about hodling, but I still prefer to hodl bitcoin than ethereum. If you are saying that eth is better than btc, then it is a disrespect for the king of all cryptocurrencies. Why I will hodl my bitcoin? It is simply because I believe with it's potential to be valued much in the future and there are so many bigtime people or organizations who bought bitcoin, and as of now they are hodling their assets.
I do freelance work, I do affiliate network, I trade, I invest, and all of that helped me get richer than I could by working at an office job. By all means I am not a rich person, but I am making more money than I could from a regular office job that I used to work for and that is why I think it is quite obvious that we should not be caring about people who write stuff like these, they are totally wrong because holding and trading is great for bitcoin, even today when it is so high.
Nice job!
I just hodl really, it's all I can do, and earning small amounts from some forum presence here, I've been doing it for years. It's not much but I put effort in it, and am very happy that I can save most of it so over the years, it grows. $40 just a year ago is worth more than $400 now. That is what I look forward to also earning $30 now and in ten years seeing it grow.
I get that some people like to diminish all the things bitcoin has achieved, but that doesn't mean that they will be cared. If you are a good trader you should trade bitcoin, if you are not a great trader that means you should invest into bitcoin. I have been trading and investing for 8 years and I have made good enough money that I have been staying at home for the past 5 years working full time on crypto.
I do freelance work, I do affiliate network, I trade, I invest, and all of that helped me get richer than I could by working at an office job. By all means I am not a rich person, but I am making more money than I could from a regular office job that I used to work for and that is why I think it is quite obvious that we should not be caring about people who write stuff like these, they are totally wrong because holding and trading is great for bitcoin, even today when it is so high.
I do freelance work, I do affiliate network, I trade, I invest, and all of that helped me get richer than I could by working at an office job. By all means I am not a rich person, but I am making more money than I could from a regular office job that I used to work for and that is why I think it is quite obvious that we should not be caring about people who write stuff like these, they are totally wrong because holding and trading is great for bitcoin, even today when it is so high.
Trading is always a very difficult thing to do, it doesn’t matter what you’re trading whether it is Bitcoin or stocks on forex and options, the thing is that there are more possibilities of you losing your money than making profit, that’s why you’re being told that over ninety percent of the people who are traders are losing their money every day. But that doesn’t mean people will stop trading, there are those who will continue the trading no matter what.
By the way I don’t see anything wrong with Holding Bitcoin at this time, it still has a long way to go, although I don’t know what waits for it in the future. Well for now we can only use it the way it is, but I believe there will be a solution when the time is right.
By the way I don’t see anything wrong with Holding Bitcoin at this time, it still has a long way to go, although I don’t know what waits for it in the future. Well for now we can only use it the way it is, but I believe there will be a solution when the time is right.
You want people to shift to Ethereum after a long time passion into keeping Bitcoin.
That's okay.
But the same goes for Bitcoin fans.
If only we all shifted to Bitcoin then the value of it will be better. Not just that, the focus of completing the new way of transactions could have been done years ago with the help of great minds who created the altcoins. But they didn't, instead they created their own kind of crypto currency and try to tell investors this will be better than Bitcoin.
Competition is healthy in business but you could not please everyone. They have their own opinions and understanding of how the world works.
I'd very much like to just keep them both for the future.
That's okay.
But the same goes for Bitcoin fans.
If only we all shifted to Bitcoin then the value of it will be better. Not just that, the focus of completing the new way of transactions could have been done years ago with the help of great minds who created the altcoins. But they didn't, instead they created their own kind of crypto currency and try to tell investors this will be better than Bitcoin.
Competition is healthy in business but you could not please everyone. They have their own opinions and understanding of how the world works.
I'd very much like to just keep them both for the future.
If you ask about what Bitcoin exactly can give? I will say that bitcoin provides us with a chance to make money from the internet because we live to need money, and while people busy making money from their offline, we have another way to make money.
Of course Bitcoin can give money as any other crypto. But by "what Bitcoin exactly can give?" I mean it's intrinsic value. If Bitcoin have clear disadvantages, like centralization, that will break it in next several years, i suggest to not hold it for too long. The last decision is on you of course.Bitcoin gives an investment value that can increase in the future because if the demand is bigger than the supply, that can impact the price. Even if the price fluctuates, that will not be a problem because it will be back to the higher price. Bitcoin gives privacy to us to manage our own money, which nobody knows how much actually our money. We can convert it into an altcoin, convert it again into bitcoin, and then send it to the other wallet if we don't want other people to know about our bitcoin amount.
As i can see, not many people are read the whole topic. I suggest everyone to read all replies before posting your reply.
Bitcoin became more centralized due to ASIC mining. China is the leader in the Bitcoin mining industry, the most of Bitcoin's hashing power are centered in China, cause they can produce ASICs cheaply, and electricity is relatively cheap there. By statistics in the Internet, China may have hashing power over 51% of the whole Bitcoin network. That means China can perform 51% attack on Bitcoin network, but currently they don't do that. But how can we trust Chinese government that they will not suddenly consider Bitcoin as the threat of Chinese currency? This is not conspiracy, if China have power to attack Bitcoin, this will be disaster for it. Cryptocurrency needs to be decentralized, for long-term investment.
I think this issue is the most dangerous.
ETH is almost as expensive as bitcoin to operate. People who say Bitcoin is very expensive also not using ETH anymore. They use other currencies and they are either very centralized or nobody is using it so there is more room. Litecoin, Bitcoin Cash or Monero will also have the same problems as Bitcoin once more people start using them. (btw BCH is more centralized than the others because of its block size)
Decentralized, fast, cheap.
Pick 2.
You can't have all.
I haven't told that LTC, BCH or XMR are better than BTC, I've mentioned them because, many developers are see deep problems of Bitcoin, and are trying to solve them.
The main disadvantage of Bitcoin, is that it cannot be changed. Any major changes of source code leads to new cryptocurrency. Ethereum just more flexible, and have gone the difficult way to prove it's value.
There is really something on your head which is not right at all mate. You are thinking completely wrong about the bitcoin. With the advancement of more enthusiasts bitcoin actually has captured more and more investor based attention. On one hand people do think that bitcoin can give rise to decentralised banks and on the other hand it has futuristic use in the share market to inter-country transfers. In this case, sky is not the limit! You never know what amazing usage might just come out if someone really push it hard. The big game!
I really like your enthusiasm, really. But read the whole topic. Decentralized banks are not possible with Bitcoin, cause it's centralized. If there is cryptocurrency that faster than Bitcoin, more secure, durable and convenient, that crypto may become more important in the near future. And this is not necessary to be Ethereum, I just don't see better, long-term alternative, in case if Bitcoin will totally fall.
Don't be overwhelmed by Bitcoin dominance, in crypto market, changes can happen in the matter of days, you're all know this better than ever.
And one more thing, I'm not saying that Bitcoin will crack right now, I'm saying that it happen in next several years.
I'm not forcing anyone to beleave me or do like i suggest, we need to talk about anything regarding Bitcoin, to make cryptocurrencies better instrument for investing, trading, and use.
You're just trolling, right? Your posting does not make any sense whatsoever otherwise.
If you don't agree, then make your words more argumented. I'm tired of people that just saying "nonsense" to anyone they don't agree. Look how my posting is structured and argumented. If you think that my arguments are "nonsense", then prove it, aswell as I'm trying to prove my beliefs.So, do you have some sort of personal vendetta against bitcoin or something?
I've already told that i have not any personal hate against Bitcoin. I am repeat: read the whole topic.What what is this "disaster" you are talking about? What makes you think that Ethereum would be able to survive, but not Bitcoin?
I've already told about issues that Bitcoin have, and Ethereum have not, but let me clarify.Bitcoin became more centralized due to ASIC mining. China is the leader in the Bitcoin mining industry, the most of Bitcoin's hashing power are centered in China, cause they can produce ASICs cheaply, and electricity is relatively cheap there. By statistics in the Internet, China may have hashing power over 51% of the whole Bitcoin network. That means China can perform 51% attack on Bitcoin network, but currently they don't do that. But how can we trust Chinese government that they will not suddenly consider Bitcoin as the threat of Chinese currency? This is not conspiracy, if China have power to attack Bitcoin, this will be disaster for it. Cryptocurrency needs to be decentralized, for long-term investment.
I think this issue is the most dangerous.
Well, I think OP is not really a fan of Bitcoin. All your suggestions and protection towards Bitcoin haven't good for him.
We don't need to argue why we hold Bitcoin or not. OP has already decided what could be the best coin for him and he should keep and trust it. It is not this time we have to see the result and to knows who wins either the Bitcoin holder or ETH holder (OP).
We all are here for a reason and most of us are here for investment. And we are free to choose which one seems to be best and profitable. Because for me, I hold and traded them both.
I've already told: do what you want, this is your money. My purpose is to share my thoughts with crypto community.We don't need to argue why we hold Bitcoin or not. OP has already decided what could be the best coin for him and he should keep and trust it. It is not this time we have to see the result and to knows who wins either the Bitcoin holder or ETH holder (OP).
We all are here for a reason and most of us are here for investment. And we are free to choose which one seems to be best and profitable. Because for me, I hold and traded them both.
If you ask about what Bitcoin exactly can give? I will say that bitcoin provides us with a chance to make money from the internet because we live to need money, and while people busy making money from their offline, we have another way to make money.
Of course Bitcoin can give money as any other crypto. But by "what Bitcoin exactly can give?" I mean it's intrinsic value. If Bitcoin have clear disadvantages, like centralization, that will break it in next several years, i suggest to not hold it for too long. The last decision is on you of course.ETH shares the exact same on-chain problems as Bitcoin. If you think Bitcoin is outdated, then ETH also is. The thing is though, the only solution to their problems is reducing their decentralization levels. If you want them to be super fast and super cheap, then they need to be super centralized as well. You just cannot have all three.
Strange statement, Ethereum not shares all problems with Bitcoin. Just think a bit, why are there so many cryptocurrencies developed at different times? You really think that they were developed, just so developers can profit from it? You right! But not all crypto were developed for that purpose. Litecoin, Bitcoin cash, Ethereum, Monero, and many others were developed to mitigate drawbacks of Bitcoin, but have their own issues aswell. I think it's not impossible for some cryptocurrency to be decentralized, fast, cheap, and convenient, if developers are trying to improve base ideas of Bitcoin.ETH is almost as expensive as bitcoin to operate. People who say Bitcoin is very expensive also not using ETH anymore. They use other currencies and they are either very centralized or nobody is using it so there is more room. Litecoin, Bitcoin Cash or Monero will also have the same problems as Bitcoin once more people start using them. (btw BCH is more centralized than the others because of its block size)
Decentralized, fast, cheap.
Pick 2.
You can't have all.
The main disadvantage of Bitcoin, is that it cannot be changed. Any major changes of source code leads to new cryptocurrency. Ethereum just more flexible, and have gone the difficult way to prove it's value.
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.
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.
There is really something on your head which is not right at all mate. You are thinking completely wrong about the bitcoin. With the advancement of more enthusiasts bitcoin actually has captured more and more investor based attention. On one hand people do think that bitcoin can give rise to decentralised banks and on the other hand it has futuristic use in the share market to inter-country transfers. In this case, sky is not the limit! You never know what amazing usage might just come out if someone really push it hard. The big game!
Don't be overwhelmed by Bitcoin dominance, in crypto market, changes can happen in the matter of days, you're all know this better than ever.
I don't know how you came about this conclusion but what I can say is that it's totally absurd. If you'll compare Ethereum to Bitcoin, then you'll need to compare their price movement over the years. Look at what bitcoin achieved in its first five years and compare it to that of Ethereum.
Compare the price movement of bitcoin in the last five years to that of Ethereum and determine which has more potential. I don't know why you'd think Ethereum has more potential than bitcoin when Ethereum is still under $2000 and bitcoin has break $50k.
If you however think Ethereum is better than bitcoin, then good for you.
I'm not saying that Ethereum is more profitable than Bitcoin, I'm trying to say that Bitcoin have problems that will lead it to fall, and Ethereum have enough technical concrete to withstand, and maybe become next dominant.Compare the price movement of bitcoin in the last five years to that of Ethereum and determine which has more potential. I don't know why you'd think Ethereum has more potential than bitcoin when Ethereum is still under $2000 and bitcoin has break $50k.
If you however think Ethereum is better than bitcoin, then good for you.
And one more thing, I'm not saying that Bitcoin will crack right now, I'm saying that it happen in next several years.
I'm not forcing anyone to beleave me or do like i suggest, we need to talk about anything regarding Bitcoin, to make cryptocurrencies better instrument for investing, trading, and use.
I understand what you mean to say that Bitcoin is imperfect and has weaknesses that might harm us if we HODL or trade. But indeed all coins
are not perfect, including Ethereum is also imperfect and has weaknesses. Therefore, proper research and analysis is needed before investing
in cryptocurrency. It is not wise to forbid people to HODL and trade Bitcoin because Bitcoin is imperfect and has weaknesses. Because if you do
your research properly, there are a lot of people who get rich because of HODL and Bitcoin trading. I myself also feel huge profits with HODL Bitcoin,
I don't know the reason you actually think negatively about Bitcoin. But I will still choose Bitcoin as the best coins for HODL or trade.
are not perfect, including Ethereum is also imperfect and has weaknesses. Therefore, proper research and analysis is needed before investing
in cryptocurrency. It is not wise to forbid people to HODL and trade Bitcoin because Bitcoin is imperfect and has weaknesses. Because if you do
your research properly, there are a lot of people who get rich because of HODL and Bitcoin trading. I myself also feel huge profits with HODL Bitcoin,
I don't know the reason you actually think negatively about Bitcoin. But I will still choose Bitcoin as the best coins for HODL or trade.
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