Topic: You don't have to HODL - page 4. (Read 1050 times)
You don’t have to hold as every user has it’s own decisions on how we can earn money from crypto. For some selling at lose and for some holding until such time price is profitable. If we aims to earn at this point of down price holding is also good.
The hold strategy, in my opinion, is not bad because many people have proven it. And I think people who hold Hold don't always just hold coins. But they also invest again in coins that they say are promising. So they also help the market to rise again.
It is necessary to understand that everything has its time and place, and in 2017, those people who followed the HOLD strategy won, and they won a lot. Therefore, to say that the strategy does not work because you entered the market all the way just at the time when the trend changed, it is not reasonable.
To be honest, I am done encouraging people to hodl because I know that they are suffering because of the low price. I have given up on some coins as well because I don't think they will ever recover and its much better to get something out of their value than nothing. If you are happy or satisfied with the price, you can sell anytime and don't let other people stop you from making a decision. Don't stress yourself.
Example of real advice: I wouldn't sell right now, but there doesn't seem to be much hope for Bitcoin in the near future, keep that in mind.
This is advice for me seems to be very negative and it might lead to a person selling his crypto. It would be pessimistic to say that there doesn't seem to be much hope for bitcoin and the impact of this to seeking advice is not good. We have a different strategy on how to deal with our crypto and as long as you earn profit from it then it is good for you.
Of course Hodling is for those who see crypto as a long term investment and are patient enough to wait. For the day traders who prefer liquid funds to help them with their day to day trading, Hodling isn't suitable to them and as such they don't see the need. This is also good for those who can actually trade the markets. If you are a beginner who is still learning how to trade, then hodling isn't such a bad thing, you can hodl your tokens or assets while learning how to become a professional trader. Everyone has their reasons as to why they hodl.
HODL is a strategy for long term, at least 2 years my friend
for me, better do a trading activity in the market, so, we can make a daily profit or weekly profit
but, people should learn first about how to trade,, and how to manage thei risk, so we can reduce the risk on our trading activity
Well, everyone has their own tendencies. Some like long-term investments and some like short-term investments. The most important thing is that we understand where our ability and willingness to invest. Day trading is indeed quite profitable with all the risks, the important thing is we have a good strategy and analytical skills. for me, better do a trading activity in the market, so, we can make a daily profit or weekly profit
but, people should learn first about how to trade,, and how to manage thei risk, so we can reduce the risk on our trading activity
HODL is the most misunderstood strategy in the history of mankind and probably the dinosaurs. HODLing doesn't mean HOLD UNCONDITIONALLY, it means hold until you thing it's profitable, until you think "'I've lost enough", until you need the money, until you decide to buy a different cryptocurrency, etc...
People are asking online for help and the only advice they get is "HODL", preaching it like it's the holy bible.. Stop with the non-sense and start giving people real advice.
Example of real advice: I wouldn't sell right now, but there doesn't seem to be much hope for Bitcoin in the near future, keep that in mind.
If you say that, instead of mindlessly shouting "HODL" at the top of your lungs, the person who asked will take it into consideration much more and you will actually encourage them to do more research on what the asked, because intelligence inspires intelligence. Shouting HODL inspires stupidity and ignorance.
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People are asking online for help and the only advice they get is "HODL", preaching it like it's the holy bible.. Stop with the non-sense and start giving people real advice.
Example of real advice: I wouldn't sell right now, but there doesn't seem to be much hope for Bitcoin in the near future, keep that in mind.
If you say that, instead of mindlessly shouting "HODL" at the top of your lungs, the person who asked will take it into consideration much more and you will actually encourage them to do more research on what the asked, because intelligence inspires intelligence. Shouting HODL inspires stupidity and ignorance.
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Web Development and Web Hosting for Cryptocurrency. PM me or click the link.
My account was hacked, look here.
HODL is a strategy for long term, at least 2 years my friend
for me, better do a trading activity in the market, so, we can make a daily profit or weekly profit
but, people should learn first about how to trade,, and how to manage thei risk, so we can reduce the risk on our trading activity
Not all tokens are really worth it for making hold. You gotta choose the best coin to hold in long term. Because most of the coin doesn't give you profit when you hold in long term.
Last year, all tokens in the growing market brought revenue. So the only thing you need is that the market would grow.
Not all tokens are really worth it for making hold. You gotta choose the best coin to hold in long term. Because most of the coin doesn't give you profit when you hold in long term.
I know some people clamur for HODL not knowin what they are getting into and some don't even have another means of livelihood because we most people quit their jobs in the bull run and think the run will last forever, but if you have something else you can live on through the bear run and you believe you are holding good projects there is no need to panic and sell because history has shown us that the coming bull run will surpass the previous ones
Exactly, most people thing crypto is easy money, I know, because I was one of them. I held through all of the bull run up to when BTC was around 6k and then I started needing money for real life, didn't really have a stable job at that time.
Another thing people preach is "You haven't lost until you sell".. Oh yeah? Am I gonna buy my morning coffee with Bitcoin? No? Then losing in USD value means I am losing money. And even if I buy my morning coffee with BTC, the price is still calculated through USD. There's no way around that and Bitcoin cannot become a currency unless it is stable.
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My account was hacked, look here.
I think "Hodl" is a general direction, the idea, that at the moment it is not advisable to sell, and then you decide when to sell. It's silly to blindly believe the advice from the Internet.
Rightly said and nicely explained. Most of the newbies misunderstand the HODL terminology and therefore do not take out their profits at the right time and then they end up their losing their earned profits and investment amount.
No doubt you have explained nicely but from my point of view when the price is not in favor, the investor needs to hold for skipping huge losses at selling cheap rate. At the same time, they can trade instead of only holding people should trade if they can apply their best strategy on trading.
Nobody forces anyone to keep their coins. If there is a need, you can sell it without any problems.
It may be difficult to say, holding can be profitable in bull market, all those that bought certain coins at earlier 2017 and sold late December were those that hugely benefited. There are some element of luck with every investment. Particularly it is better adviced to exit once a bear market is imminent or trade carefully
HODLing is adviceable this time market is at the lowest no one sell his coin now and make enough profit as plan but i will advice mate to hodl.
I still hold it until now, I bought crypto assets when the price was still high, in October 2018, and I think this is not the time to sell it
There was a day that it's good to hold some coin for long-term but in facing bear market it's not safe to hold for a long day and now we are facing the unstoppable dropping price of crypto coins.
And it starts to seem to me that the market has begun to change and the market today definitely can seriously add to the price, I very much hope that we will close this month at $ 6000 and this will be the beginning of what is called a turning point. But let's see what will happen this week, because there can be anything 
Just hold is putting yourself against market when it's in downtrend - without stop loss you can lose all your money.
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