You don't have to HODL - page 8. | Bitcointalksearch.org

ityandsyn

member

Activity: 490

Merit: 11

Quote from: trapatalce on December 16, 2018, 10:56:23 PM

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.

Everyone have the right to say as we have different strategy for holding whether short-term or a long-term holding and some of them are already rich for that simple strategy and even the full-time traders are doing that strategy but anyway that's your opinion and we have to respect .

labilaab

member

Activity: 616

Merit: 11

TRADE WITH NEGATIVE FEES

Nicely explained there.Its really a great help and aid for the newbies in crypto to be not misleaded by the word HODL. Before, when Im still new to crypto, I used to be mileaded by this advice also but I am somehow matured and not ignorant for holding specific project.

Igor.J

full member

Activity: 350

Merit: 100

MenaPay - Crypto made easier than cash

Quote from: trapatalce on December 16, 2018, 10:56:23 PM

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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The holding is often compatible with greed, many understand that there is already a profit, but continue to hold, thinking that growth will continue. But the smarter ones take the bulk off, leaving little to reduce the risk of loss.

Snaic

full member

Activity: 658

Merit: 102

Of course, only the retention of cryptocurrency for a long time does not always bring long-awaited results. This year, many should have been convinced of this. If possible, you should use the price fluctuation of the cryptocurrency market. It is very suitable for this, given the high price volatility of cryptocurrency. If someone does not have time to keep track of the constant market fluctuations, it is advisable to do this even with large and significant rises and falls of our specific coins and tokens. This will be much more effective than regular long-term retention.

Irvinn

full member

Activity: 966

Merit: 104

In general, this is true. It will be wrong to hope that our coins and tokens will constantly grow in value, and therefore you only need to keep them and then we will be happy. It can be said that a cryptocurrency also has its own period of formation, development and growth, stabilization, followed by a possible fall if it does not maintain its competitiveness. It is always necessary to take into account and make on time and the right decisions in the market. Here you can not give general advice on how to act in one way or another. We have different life circumstances and it is they who dictate how to act in this or that case.

Mt. Dempo

jr. member

Activity: 294

Merit: 1

if we experience a loss and the asset value continues to decline, do we have to sell at a loss? I don't think so and I personally don't want to lose twice. indeed there are many people who misinterpret it, but that doesn't mean the hodl is a bad choice.

sh4dtechnr

copper member

Activity: 434

Merit: 4

Hold strategy always works, but it should be done reasonably. I know many did not sell their crypto assets on the obvious pump (end 2017), and continued to "hodl" around. That is very stupid, and for sure they very much regret it.
And, vice versa, I know many early Bitcoin investors and miners sold most of their assets for $ 1,000-1,500, thinking that this is the peak, but the price reached $ 20,000.
It is very difficult even for advanced players to determine the best time for purchases / sales.
With the current market situation, I think it's too late to sell, and now you need to buy and hold.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

We do have different advising techniques and this depends on the person that will be asked on what they should do.

When the all time high is at hand, people are very happy and glad that they've been holding. Now, every single act that people do is about stupidity and ignorance, hold, selling at loss, day trading, do on where you are good with and comfortable.

Zero1One0

full member

Activity: 625

Merit: 125

I sort of agree. Glad I pulled the trigger and sold at a loss within Q1 to Q2.
Small losses turns to bigger losses if they are not managed.

Now I can buy back more of what I sold Grin

trapatalce

newbie

Activity: 83

Merit: 0

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.

---------------------------------------
Web Development and Web Hosting for Cryptocurrency. PM me or click the link.
My account was hacked, look here.

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