You don't need to hodl a particular coin all your life - page 14.

Emitdama

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Quote from: Gozie51 on December 24, 2021, 07:41:49 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

LOL, people who do such thing, I don’t know what’s actually their plan in this life. Maybe they don’t want to sell because they feel that the market will go up when they sell and they will miss their only chance of becoming millionaires?

Well, everyone and their own ways, it can also be that they have plans to invest in and hold the coin for a long term, there are people who might plan to hold their coin for like five years or so, because the money they are investing is a money that they won’t really be needing, so instead of keeping it in the bank, they might decide to just invest it and keep holding. It’s never bad though.

dataispower

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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

carlfebz2

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Quote from: Silberman on December 28, 2021, 07:09:32 PM

Quote from: isaac_clarke22 on December 28, 2021, 11:45:17 AM

Quote from: Gozie51 on December 24, 2021, 07:41:49 AM

~

This is what bothers me sometimes especially to those who had the misconception of the the word "hodling". They thought that "hodling" was all about just keeping the coin til their last breath.
I gotta be honest that it was my first thought into it, but it just doesn't make that sense to keep holding if your primary goal was to earn , right?
I sold some of my ETH to buy BTC when it was a bear market last year, but then I still started taking profits from it weekly. I know I am a long-term investor, but sometimes you need the money and those greens not because one celebrity in Twitter tells you to.

At the end of the day holding your assets for a long time expecting for the market to grow is not a new strategy at all, people have been doing this for a long time, however as you say holding is a means to an end and it should not be thought as an end on itself, holding forever and doing nothing with your bitcoin is simply not correct, holding your bitcoin and then selling some when you need it once the price has gone up in a significant fashion is OK and no one should regret it, even if the price ends up going higher after you sell.

Not a new strategy but rather the most common strategy that we do have today on where people do hold particular assets but to think off that it would be only just good for those significant and worthy coins that we do

have on this market and you cant just pick randomly or without any basis thats why you should really be wise on picking which one should gonna be hold and which one should be traded actively.
It all matters on how you do deal up with things.

it might not be simple but it could really be done imho.

Silberman

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Quote from: isaac_clarke22 on December 28, 2021, 11:45:17 AM

Quote from: Gozie51 on December 24, 2021, 07:41:49 AM

~

This is what bothers me sometimes especially to those who had the misconception of the the word "hodling". They thought that "hodling" was all about just keeping the coin til their last breath.
I gotta be honest that it was my first thought into it, but it just doesn't make that sense to keep holding if your primary goal was to earn , right?
I sold some of my ETH to buy BTC when it was a bear market last year, but then I still started taking profits from it weekly. I know I am a long-term investor, but sometimes you need the money and those greens not because one celebrity in Twitter tells you to.

At the end of the day holding your assets for a long time expecting for the market to grow is not a new strategy at all, people have been doing this for a long time, however as you say holding is a means to an end and it should not be thought as an end on itself, holding forever and doing nothing with your bitcoin is simply not correct, holding your bitcoin and then selling some when you need it once the price has gone up in a significant fashion is OK and no one should regret it, even if the price ends up going higher after you sell.

Fatunad

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Quote from: AakZaki on December 28, 2021, 02:56:40 PM

Quote from: AicecreaME on December 27, 2021, 10:20:07 AM

It depends on what coin they are hodling.

There are some coins that are good be to hodl in long term and there are coins that are not. I've hold my ATL token since 2017 and decided to sell it way back 2020 because I already accepted that their project was already a trash. Yes, that's a very wrong move to hold something like that, but since I didn't use any money on that, I still made money out of it.

The right step when you have to sell the altcoins you hold at a high enough price. because some altcoins do not have a clear future and are eventually abandoned. Unlike the altcoins that are at the top of the CMC. It is very important to do research before deciding to hold a coin long term, because it will determine the profits and losses. Don't let altcoins that are held long-term end in losses and cannot be sold.

Always set goals because this is on where you do really base up on your actions whether you do sell or would tend to hold further and this is very situational or does depend with someones mindset or goal in mind.
We do know that not all coins would be pumping out on a specific time because everything is really random and when price spikes do happen then its not really avoidable that you would really be having that
boggle in mind whether you do release and sell or would hold up even more for more profits but actually having this kind of act does signify of being greedy.
Its not bad on being optimistic but once profits is there then you do only need to realized it.

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Quote from: AicecreaME on December 27, 2021, 10:20:07 AM

It depends on what coin they are hodling.

There are some coins that are good be to hodl in long term and there are coins that are not. I've hold my ATL token since 2017 and decided to sell it way back 2020 because I already accepted that their project was already a trash. Yes, that's a very wrong move to hold something like that, but since I didn't use any money on that, I still made money out of it.

The right step when you have to sell the altcoins you hold at a high enough price. because some altcoins do not have a clear future and are eventually abandoned. Unlike the altcoins that are at the top of the CMC. It is very important to do research before deciding to hold a coin long term, because it will determine the profits and losses. Don't let altcoins that are held long-term end in losses and cannot be sold.

isaac_clarke22

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Quote from: Gozie51 on December 24, 2021, 07:41:49 AM

~

This is what bothers me sometimes especially to those who had the misconception of the the word "hodling". They thought that "hodling" was all about just keeping the coin til their last breath.
I gotta be honest that it was my first thought into it, but it just doesn't make that sense to keep holding if your primary goal was to earn , right?
I sold some of my ETH to buy BTC when it was a bear market last year, but then I still started taking profits from it weekly. I know I am a long-term investor, but sometimes you need the money and those greens not because one celebrity in Twitter tells you to.

Woodie

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Quote from: Gozie51 on December 24, 2021, 07:41:49 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 ?

This happens on numerous occasions, and some coins have turned out to be shitcoins in the process but am okay with it because we win some and we lose some.

Quote from: Gozie51 on December 24, 2021, 07:41:49 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.

But holding comes in a variety of ways, some hold and take profits out when they feel its time and others have the strategy of buy and sell which is more profitable if you ask me.

Quote from: Gozie51 on December 24, 2021, 07:41:49 AM

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

Best strategy ever, if applied correctly!

Vaculin

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Quote from: worle1bm on December 28, 2021, 01:43:01 AM

At one point we need to cash out the profits which is by selling them so holding for entire life is not a concept i have heard before.Like the time period of holding could vary from people to people as 5-6 years or decade or more than that according to our needs but nobody is holding for our full life.We also needs to enjoy the profits at some stage of our life and by selling the funds we can do the same.

If we only intend to hold the coins for a very long time, we might be a millionaire in the long run, if you are holding bitcoin or ethereum. But if we are in the wrong coins, then holding for long will only bring a huge loss.

However, the reason why we are here is mainly to double or triple our capital and we can't do it if we never sell our coins. It will be very useless i guess. Hodling coins will only be very useful and profitable if we have a target price to sell and once we achieve it, we should always push through it. That should always be our goal.

worle1bm

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At one point we need to cash out the profits which is by selling them so holding for entire life is not a concept i have heard before.Like the time period of holding could vary from people to people as 5-6 years or decade or more than that according to our needs but nobody is holding for our full life.We also needs to enjoy the profits at some stage of our life and by selling the funds we can do the same.

milewilda

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Quote from: taufik123 on December 27, 2021, 06:46:52 PM

Holding a certain altcoin must have a target price that must be achieved, if the altcoin to be held has a good future, it will take much longer.
But for Bitcoin, holding it for the rest of your life will not be a problem, but the target price is still important to be used as the main benchmark. Sell at ATH and buy at crash price, that's what to do. profits to increase.

Easy to say but would really be hard to be done because identifying bottoms and tops would always be a challenge for us investors or traders here on this market.
Also when it comes to profits then nothing beats out into those people who had been doing active trades which is very common action to take for those who are skilled enough and this one
isnt for everybody thats why majority do end up on holding for too long and it is somewhat mixed with luck when you do hold a particular coin because determining
potential is really hard.

24Kt

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Quote from: taufik123 on December 27, 2021, 06:46:52 PM

Holding a certain altcoin must have a target price that must be achieved, if the altcoin to be held has a good future, it will take much longer.
But for Bitcoin, holding it for the rest of your life will not be a problem, but the target price is still important to be used as the main benchmark. Sell at ATH and buy at crash price, that's what to do. profits to increase.

Don't be too confident about holding btc for the rest of your life. We can't be certain about its future also. It may live longer than most alts but don't forget that technology is getting advanced everyday. But for the moment, one can take advantage of the opportunity that this crypto market is offering. As long as you are doing your job of studying the alts that you are getting involved with and keeping track their progress, you will lessen your chance of losing. And if you feel that the project is about to exit this market, sell off even at a small loss, because if you will wait much longer, you may not even get any amount from it because it will soon be worthless coins.

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It depends on the people because some of them want to hold their coins and use them in different ways like giving them to their child, reinvesting and waiting for the right time it's not all the time that the season is coming for the crypto there's a time you will sell your asset for different reasons like financial needs. Also good for buying when the market is dip but again not all the dip is the support already sometimes it has another dip might causes to losses your assets.

taufik123

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Holding a certain altcoin must have a target price that must be achieved, if the altcoin to be held has a good future, it will take much longer.
But for Bitcoin, holding it for the rest of your life will not be a problem, but the target price is still important to be used as the main benchmark. Sell at ATH and buy at crash price, that's what to do. profits to increase.

Botnake

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Quote from: ReiMomo on December 27, 2021, 02:21:10 PM

Quote from: Gozie51 on December 24, 2021, 07:41:49 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

I think yes that should be a cycle in trading it might be either a short term or a long term trade. Just set up a profit to a percentage and when its seen that is being crossed, then yes its advised to sell them off and buy back another best coin which is at low price. Yes do not just stick with just one best coins. Choose 5 best coins just shift from one coin to other coins according to the market. This is the healthy trade I would say.

If we want to be profitable, then always grab good opportunities to sell so we can make profits. As no one gets to make profits if we only intend to hold the coins for so long. What OP means is simply, sell at the bulls and buy back again in time of bears as most of the potentials coins are cheaper in value. And to maximize profits, always diversify our portfolio with promising coins so we can sell them at a high value and make huge profits. And eventually fill in the portfolio again with trusted coins but always keep a bigger number of bitcoin as its always the most profitable crypto for now.

Gozie51

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Quote from: cheezcarls on December 24, 2021, 11:56:43 AM

I’ve been holding some certain coins for more than a year and counting, but some are just short and mid-term in which I didn’t hold them for long. Our own guts and instinct tells us if we hold for long or sell it now.

Well my instinct would tell me that hodling a coin for long and beyond necessary time could be that it has become an abandon project. In such case doing a research to know if the team still has plans for it is needful before a decision but there are coins that are daily volatile and active. Although some projects that are less active can be woken up one day but it all depends and luck.

ReiMomo

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Quote from: Gozie51 on December 24, 2021, 07:41:49 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

I think yes that should be a cycle in trading it might be either a short term or a long term trade. Just set up a profit to a percentage and when its seen that is being crossed, then yes its advised to sell them off and buy back another best coin which is at low price. Yes do not just stick with just one best coins. Choose 5 best coins just shift from one coin to other coins according to the market. This is the healthy trade I would say.

og kush420

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Quote from: SquallLeonhart on December 27, 2021, 01:05:19 PM

Obviously different coins must need different approaches and this way holding shitcoins for lifelong may not make any sense; at the same time planning for holding bitcoin for life time definitely will get better benefit compared to any other method of holding of bitcoin that we could plan up.

Well majority buy shitcoins with intentions that they are cheap and will give good return that will make him rich. In case of bitcoin you dont need to hodl for lifetime just buy it at dip and within a year you will get good return. See BITCOIN dip week ago when it went down to 45k and today its at 51k all this happen in bracket of a week.

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Quote from: pinggoki on December 27, 2021, 10:37:32 AM

if the coin is a good one then you might want to continue hodling especially if it's bitcoin. Just check the long-term plans for that crypto and you would have the ability to decide what you're going to do next.

Obviously different coins must need different approaches and this way holding shitcoins for lifelong may not make any sense; at the same time planning for holding bitcoin for life time definitely will get better benefit compared to any other method of holding of bitcoin that we could plan up.

Quote from: dbc23 on December 27, 2021, 10:38:55 AM

if it's Bitcoin most times the best option is to hold and forget about it for a longer period ignoring what ever the market does

I have seen many people are suggesting about invest in bitcoin and forget about it but not sure how much practically it is possible. It might be possible only when you are having a regular income stream and having throw-out funds for bitcoin investments.

dbc23

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It all depends on the coin in question if it's altcoins then at every profit interval selling and buying more is when the price falls is the best strategy but if it's Bitcoin most times the best option is to hold and forget about it for a longer period ignoring what ever the market does except there is enough discipline to hold your fiat if you made profit and sold at some point but the market still remains bullish

Topic: You don't need to hodl a particular coin all your life - page 14. (Read 2403 times)