You don't need to hodl a particular coin all your life - page 13.

savetheFORUM

full member

Activity: 1134

Merit: 140

Quote from: Gozie51 on December 24, 2021, 06:41:49 AM

Some people don't understand the hodling technique, they are hodling a particular coin and never sell to rebuy again or to sell and buy another coin. You can sell this coin and buy that other coin that is how to turn over your money.

I didn't tell you to sell your bitcoin and not to buy again. I only say you sell the bull and buy the bear Grin

Maybe some of them are holding their coins because they are not in need of money. Although I do have the same thoughts a lot of times on why a lot of people would be holding their coins and not even selling at all.

I even see people who said that they have plans to hold their coins for a lifetime, and some say that they are waiting for Bitcoin to reach one million dollars before they would sell. That’s not how it works for me, I always have my own targets whenever I am investing in cryptocurrency,and when the market pumps, I am going to sell and take my profit and wait for another good time to start investing in the market again.

andriarto

sr. member

Activity: 1344

Merit: 253

many people misunderstand about holding, where many think they will not sell coins, I think as a good investor, the highest profit is sought, so we must be able to hold on until the target is reached, and wait for purchases when it has entered the area. therefore for me holding is target-oriented, and it can happen sooner or later

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: VanityWallets2015 on December 30, 2021, 11:05:33 PM

Of course you shouldn't hold the coin in all your life that's why you hold it is to have a profit and don't be too greedy to hold it for a long time since I really can tell that it is not worth it and you probably miss your chance to take profit for that particular coin. But holding is not that bad as long as the price keeps going upwards but still you should make sure to take profit from time to time.

Making profit from time to time means that you have to cycle to money into sell-buy-sell cycles otherwise the total capital on your networth remains constant.

Being stubborn about selling is a wrong approach. You need to be flexible about your approach to making profit. When the market price is dropping, get fiat ready and use it to buy the coin and similarly when it crosses your target price, sell some, you will be looking forward to buy back on the next bear cycle.

If you remain stubborn and dont sell - you miss two opportunities
1. The possibility of selling at a high
2. The possibility of buying at the next low.

This stagnancy in your personal ledger is one of the reasons of anxiety and depression among traders. Try to avoid that from happening.

lixer

hero member

Activity: 2688

Merit: 588

Quote from: Webetcoins on December 30, 2021, 12:28:10 AM

Quote from: martina14 on December 29, 2021, 08:25:09 PM

You can hold it but don't do it for a long time of waiting, but it is still depend on your belief in the coins you choose of course.

Yeah, when we have belief about upcoming rising then holding more may not be a wrong one. People do prefer to hold as much as time that they are able to make sure that they will be covering the maximum chances that market might give them to profit; I guess they are doing already right hence NOT hold for life may not be applicable for bitcoin holding.

Everyone knows what works best for them, I suggest that they may be waiting for their coin to increase more before they will sell it. The fact that we have seen Bitcoin increase a lot more over the years, has made a lot of people think that if they continue to hold their coins for a long time that it is going to increase more in value, and would be worth more than what they bought it at first. Some of them even do this when they are investing in altcoins, but that’s the last thing I ever do, when I invest in a project and it is doing pretty fine and making me enough profit, I am going to sell part of it and maybe leave the rest.

AnonBitCoiner

sr. member

Activity: 1456

Merit: 326

Eloncoin.org - Mars, here we come!

Quote from: Gozie51 on December 24, 2021, 06:41:49 AM

How long have you been hodling a particular coin while the coin has been making progress for your profit taking and yet dropping in your eyes ?

Some people don't understand the hodling technique, they are hodling a particular coin and never sell to rebuy again or to sell and buy another coin. You can sell this coin and buy that other coin that is how to turn over your money.

I didn't tell you to sell your bitcoin and not to buy again. I only say you sell the bull and buy the bear Grin

Yes you are right. I have split my portfolio. 50% for trading amd 30% for long term hold and 20% reserved if matket crash so i can buy my favorite coins in low price. I exoecting 5x from long term coins.once it hit, i will sell and no care if it again 2x from here because i already booked profit from here

globalpain

full member

Activity: 1260

Merit: 103

The OGz Club

Quote from: martina14 on January 01, 2022, 03:39:19 AM

Quote from: Gozie51 on December 24, 2021, 06:41:49 AM

How long have you been hodling a particular coin while the coin has been making progress for your profit taking and yet dropping in your eyes ?

Some people don't understand the hodling technique, they are hodling a particular coin and never sell to rebuy again or to sell and buy another coin. You can sell this coin and buy that other coin that is how to turn over your money.

I didn't tell you to sell your bitcoin and not to buy again. I only say you sell the bull and buy the bear Grin

Well, HOLD is not wrong, only if you hold the wrong coins that absolutely wrong of course. Now the question is, how are we going to find if the coins is wrong or not? this is the big problem actually where a lot of the community here made a mistakes for this matter in several times for a couple of years I've seen it here to some of the members in the crypto space.

Holding we can do either in the long term or short term depending on what coins we have,
holding is also not something that is easy to do requires patience,
for the top altcoins I think it's better to hold in the long term because they have strong fundamentals

martina14

full member

Activity: 1190

Merit: 111

Quote from: Gozie51 on December 24, 2021, 06:41:49 AM

How long have you been hodling a particular coin while the coin has been making progress for your profit taking and yet dropping in your eyes ?

Some people don't understand the hodling technique, they are hodling a particular coin and never sell to rebuy again or to sell and buy another coin. You can sell this coin and buy that other coin that is how to turn over your money.

I didn't tell you to sell your bitcoin and not to buy again. I only say you sell the bull and buy the bear Grin

Well, HOLD is not wrong, only if you hold the wrong coins that absolutely wrong of course. Now the question is, how are we going to find if the coins is wrong or not? this is the big problem actually where a lot of the community here made a mistakes for this matter in several times for a couple of years I've seen it here to some of the members in the crypto space.

iv4n

legendary

Activity: 3332

Merit: 1191

You hold it as long as the price is rising and you can afford to wait... even if the price reached some top you hold it as something valuable and you don't spend it unless you need it! Holding/saving is something we can do when we have extra cash... just look at the rich people, they hold "old valuable coins collections", we can say many different valuable collections, paints... it's a long list of valuable things that people are holding and enjoying having! And when you don't enjoy in having it or you need some extra money for something you sell it!

Lanatsa

hero member

Activity: 2968

Merit: 687

Quote from: VanityWallets2015 on December 30, 2021, 11:05:33 PM

Of course you shouldn't hold the coin in all your life that's why you hold it is to have a profit and don't be too greedy to hold it for a long time since I really can tell that it is not worth it and you probably miss your chance to take profit for that particular coin. But holding is not that bad as long as the price keeps going upwards but still you should make sure to take profit from time to time.

When you are investing into something which doesn't make you pressured or worried that much even if it do losses its value then better hold it for long term but if you do really mind about
selling actively or in profits even how small it is then its up on someones choice.

We do have our own principles and preference with our investments whether we do like to held it up or we do like to actively trade with it depending on your financial
capacity and wants.

Patience is needed when you do hold but this isn't something that you should really tolerate when you do see opportunities to take profit.

VanityWallets2015

hero member

Activity: 1498

Merit: 506

Of course you shouldn't hold the coin in all your life that's why you hold it is to have a profit and don't be too greedy to hold it for a long time since I really can tell that it is not worth it and you probably miss your chance to take profit for that particular coin. But holding is not that bad as long as the price keeps going upwards but still you should make sure to take profit from time to time.

Orange89

jr. member

Activity: 1078

Merit: 2

I WANTED EVERYONE TO BE HAPPY IN LIFE

Well it depend upon the project i only hold the project if i see good roadmap and some unique idea behind the project but it is really tempting as well to see the growing price of the token that you hold remeber when btc is at 50$ at that time many investor are selling and now it is price is humongous if they hold they will have good amount so if you find good project and you have patience then no one can stop you but big factor also depend upon which project you still choose

Webetcoins

hero member

Activity: 2100

Merit: 546

Leading Crypto Sports Betting & Casino Platform

Quote from: martina14 on December 29, 2021, 08:25:09 PM

You can hold it but don't do it for a long time of waiting, but it is still depend on your belief in the coins you choose of course.

Yeah, when we have belief about upcoming rising then holding more may not be a wrong one. People do prefer to hold as much as time that they are able to make sure that they will be covering the maximum chances that market might give them to profit; I guess they are doing already right hence NOT hold for life may not be applicable for bitcoin holding.

Quote from: TelolettOm on December 29, 2021, 05:40:18 PM

I personally will prefer to do my profit taking when I think it is enough, not for a long term hodl always.

But, you should not go booking profits based on your personal feel. If you are a long term holder and then you may book profits to buy a house for your family but not for the reason of you gained 20% profits.

martina14

full member

Activity: 1190

Merit: 111

Quote from: Gozie51 on December 24, 2021, 06:41:49 AM

How long have you been hodling a particular coin while the coin has been making progress for your profit taking and yet dropping in your eyes ?

Some people don't understand the hodling technique, they are hodling a particular coin and never sell to rebuy again or to sell and buy another coin. You can sell this coin and buy that other coin that is how to turn over your money.

I didn't tell you to sell your bitcoin and not to buy again. I only say you sell the bull and buy the bear Grin

Well, that is your opinion were I don't see any wrong with it, but for me as long as I see there is already profit that I get that's a big thing for me. You can hold it but don't do it for a long time of waiting, but it is still depend on your belief in the coins you choose of course. But holding it in shot period of time is much safer I think in my own assessment.

TelolettOm

hero member

Activity: 2086

Merit: 553

Leading Crypto Sports Betting & Casino Platform

It is our own way to hold for several term period or even for shot term or for trading. Investment is about also the way our readiness. It is also about the way we must utilize every chance: to buy, sell, and take profits it will depend on what kind of our own fund and risk management in this case. So I personally will prefer to do my profit taking when I think it is enough, not for a long term hodl always.

AakZaki

legendary

Activity: 2338

Merit: 1084

zknodes.org

Quote from: ?? on ??

You are right you don't need to hodl a particular coin for all of your life the only reason for holding is to have a profit in the future but some people are too much greedy that they don't sell it even if they have a profit and even if they hold it for a long time. There's only some coins that I think is worth hodling for a while and that is Bitcoin and Ethereum.

Bitcoin and Ethereum are safe choices for long-term investments, because we know these 2 coins are the top coins that have good potential in the future. But other than that, the top 10 coins list can be taken into consideration too. You don't need to hold it all your life, if it's profitable you can release it, it's very simple.

Fatunad

sr. member

Activity: 2226

Merit: 347

Quote from: ultrloa on December 29, 2021, 09:43:35 AM

Quote from: judaspriest on December 29, 2021, 03:25:15 AM

Quote from: dataispower on December 28, 2021, 10:29:45 PM

As investor you need to hodl your for any length you want to hodl your coin but the problem is that no coin can last for the hand of good investor for two years and mostly the altcoins because altcoins have the chances of giving off in between the time of hodling and when it falls before it rose may be another two years, the coins i know that can be hodl for long time and when year is running it still have values is Bitcoin and ethereum, you can hodl them for long time and when ever you want to sell you also sell it and make profit

Before making a decision to hold in the long term of course we have to determine a good coin for it,
as you said Bitcoin and Ethereum are suitable for that but I think there are other coins,
it depends on any research we do ourselves and in holding on to it for the long term patience is the key

Bitcoin is the most suitable to hold for long-term investment and you can add Ethereum on that plus BNB of course since I found it making some progress when bitcoin is in the bull run. Other than that is not good to hold for long-term but there are some altcoins that I like to invest and planning to hold for short-term only since they aren't that volatile unlike bitcoin and the other. Therefore, know or do your own research if what coins do you really want to invest for long-term except for bitcoin since it's recommendable to hold for long-term.

All matters with research and its up to yours whether which coin would be intended for holding in long term and which one would be good for short term basis and it all matters to you as an investor.
Holding isnt something simple as it sounds as this one requires extreme patience and controlling yourself on making out action whether you do sell early or sell on loss or something like that.
Its up to someones preference whether they do hold or actively trading basing up on their own discretion so its a choice and stick on what makes you comfortable with.

BitcoinAccepted

legendary

Activity: 2660

Merit: 1009

Personally, I am holding coins for a period of time that I have set beforehand, or based on my intentions and necessities. For instance, I hold some altcoins for short-term only, and bitcoin for long-term, these could take months or even years depending on the coin’s potential, my capital and my goal for making that investment. As per those people mentioned by OP, those do not get the holding technique, I think that is yet to come to there awareness then. Maybe, after some time, they will also get its core concept and begin to really grasp how such technique is beneficial to accumulate profit.

Distinctin

hero member

Activity: 2926

Merit: 657

No dream is too big and no dreamer is too small

Quote from: dataispower on December 28, 2021, 10:29:45 PM

As investor you need to hodl your for any length you want to hodl your coin but the problem is that no coin can last for the hand of good investor for two years and mostly the altcoins because altcoins have the chances of giving off in between the time of hodling and when it falls before it rose may be another two years, the coins i know that can be hodl for long time and when year is running it still have values is Bitcoin and ethereum, you can hodl them for long time and when ever you want to sell you also sell it and make profit

That is entirely depends on how you trust the coin your are holding, for example, if you hold BNB and ETH when they are still below $1, you'll be very rich by now, but of course, as investors sees the coin rises its value, it's also tempting to sell and take profit, so most of us do sold and enjoy the profit, but like I'm saying it's always possible to hold it longer.

ultrloa

legendary

Activity: 2758

Merit: 1228

Quote from: judaspriest on December 29, 2021, 03:25:15 AM

Quote from: dataispower on December 28, 2021, 10:29:45 PM

As investor you need to hodl your for any length you want to hodl your coin but the problem is that no coin can last for the hand of good investor for two years and mostly the altcoins because altcoins have the chances of giving off in between the time of hodling and when it falls before it rose may be another two years, the coins i know that can be hodl for long time and when year is running it still have values is Bitcoin and ethereum, you can hodl them for long time and when ever you want to sell you also sell it and make profit

Before making a decision to hold in the long term of course we have to determine a good coin for it,
as you said Bitcoin and Ethereum are suitable for that but I think there are other coins,
it depends on any research we do ourselves and in holding on to it for the long term patience is the key

Bitcoin is the most suitable to hold for long-term investment and you can add Ethereum on that plus BNB of course since I found it making some progress when bitcoin is in the bull run. Other than that is not good to hold for long-term but there are some altcoins that I like to invest and planning to hold for short-term only since they aren't that volatile unlike bitcoin and the other. Therefore, know or do your own research if what coins do you really want to invest for long-term except for bitcoin since it's recommendable to hold for long-term.

judaspriest

full member

Activity: 1330

Merit: 100

C O M B O

Quote from: dataispower on December 28, 2021, 10:29:45 PM

As investor you need to hodl your for any length you want to hodl your coin but the problem is that no coin can last for the hand of good investor for two years and mostly the altcoins because altcoins have the chances of giving off in between the time of hodling and when it falls before it rose may be another two years, the coins i know that can be hodl for long time and when year is running it still have values is Bitcoin and ethereum, you can hodl them for long time and when ever you want to sell you also sell it and make profit

Before making a decision to hold in the long term of course we have to determine a good coin for it,
as you said Bitcoin and Ethereum are suitable for that but I think there are other coins,
it depends on any research we do ourselves and in holding on to it for the long term patience is the key

Topic: You don't need to hodl a particular coin all your life - page 13. (Read 2570 times)