You don't need to hodl a particular coin all your life - page 16.

dunfida

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Quote from: noorman0 on December 24, 2021, 08:46:46 AM

Of course, just holding without spending any part is a big mistake especially if the market conditions are good to sell it.

HODL is just a word of encouragement during bad moments. It's even clear that GameKyuubi made this word during a bitcoin crash, where it chose to fight the urge to sell no matter how long the correction took.

Maybe those hodlers are just don’t care about the current situation and really don’t want to take profit yet, imagine also those whales are not just holding and not selling yet because they believe on something big. I personally don’t want to hold forever, but I’m not satisfied with my profit yet so I will not sell for now. Hold is very important for the market, we can’t afford if all whales sold their holdings.

Actually depending on self preference because not all would really be on the same mindset on which you do really get contented on what you do have now as profits on your current portfolio but once you do see it
to be considerable then you would definitely sell on that price level. Let those people do make their own decisions in life since its their money after all and neither they would be holding for years
or would be having that fix time for them to harvest out on what they have been holding for too long but for me it would nice if you do able to see profits in short term basis.

FanEagle

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Quote from: jrrsparkles on December 25, 2021, 08:28:26 AM

Imagine you have been holding bitcoin for 10 more years with high expectations surely you won't regret it so it depends on everyone situations and expectations but keeping it low and realistic will give consistent returns while holding long may suprise you with hige return or upset you with no returns but before making investment be ready to lose the capital.

This is the problem with most people, they do not want to see that much further ahead in crypto. Most people who buy a stock of a company they trust, end up holding it for decades, and that's how they build up their wealth, hell some people (rich enough I suppose) could literally take out a loan against their stock holdings, like a collateral.

So, I would suppose that there is a good chance we could see people holding crypto for decades one day, but right now people want to make a quick buck. If people keep focusing on what they could profit this month, or this year, then they are going to not really make that much profit. I made an investment during 2020 saying that I will hold at least until 2030, if I am financially doing fine then I will hold even longer, hopefully until I retire and old. That is how you build wealth, not by finding gems that make you rich by luck.

Mauser

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

Isn't that the opposite off a HODL strategy when we try and actively time the bear and bull markets? When it comes to bitcoins I am a huge fan of HODL but when it comes to alt coins I prefer a more active approach. Don't get me wrong, taking profits is important in any trading strategy, it is just that the long term profit from a HODL strategy is beating a lot of the active strategies. Buying before the rally and selling before the drop sounds very cool, but how do we actually know when the trends are switching? Finding the right points to buy and sell is very hard and requires a lot of time and research, following the HODL approach is just so much easier.

lixer

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Quote from: jrrsparkles on December 25, 2021, 08:28:26 AM

Imagine you have been holding bitcoin for 10 more years with high expectations surely you won't regret it so it depends on everyone situations and expectations but keeping it low and realistic will give consistent returns while holding long may suprise you with hige return or upset you with no returns but before making investment be ready to lose the capital.

So far bitcoin has proved that in real time. The longer we are holding bitcoins, the higher the return we could enjoy. From all these, I am really hesitating to agree with OP because there will be no point of not holding bitcoin for rest of our life.

There should be some exception for every conceptual thing and this way bitcoin investment must be one of the the exceptional investment opportunity which could be worth to be holding for entire life. I guess there could be bitcoin like few altcoins also might be available hence we cannot have any general opinion on holding period of any cryptocurrency.

jrrsparkles

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Quote from: ethereumhunter on December 25, 2021, 05:53:17 AM

Quote from: coinism on December 25, 2021, 04:50:50 AM

Quote from: jrrsparkles on December 25, 2021, 04:39:57 AM

Not everyone is having the same expectations, some satisfied with decent money while some wants to become a millionaire from their 1000 dollars investment that is why they have been holding this all years even though the price is dropping which isn't really bad for Bitcoin but most of the time we won't make anything with shitcoins.

I sold my btc holdings at the start of this bull run half at 30k while remaining at 35k. After I sell off bitcoin touched 60k but I am satisfied that I have got decent profit on my holdings. I have friends who have bought bitcoin before this dip and waiting for 100k. Its your own choice what profit you want, some are satisfied with 30 to 50% while others want bigger piece of cake.

At least, you already make a big profit. I am sure you can buy back for more in the other time. If you already bought bitcoin a few weeks ago, you are really making a lot of money right now because bitcoin has already increased to $50,000.

If you are just holding bitcoin without knowing when you should sell, you will not make any profit and you only become a watcher while the others are trying to race to buy low and sell high and trying to make a profit.

Imagine you have been holding bitcoin for 10 more years with high expectations surely you won't regret it so it depends on everyone situations and expectations but keeping it low and realistic will give consistent returns while holding long may suprise you with hige return or upset you with no returns but before making investment be ready to lose the capital.

teosanru

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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

The problem with this is what is bullish and what is bearish? The current price level of Bitcoin, what do you call it bearish or bullish? It's Bearish as far as I feel, but there is still a very big chance that markets will continue falling from here, So even if you enter, you can still lose your capital from here and regret that you could have waited for a better entry point, these are the reasons why holding a coin not for life but for a big chunk of time makes sense, you have no regrets because you made no actions, with selling and rebuying you are just inching closer everyday towards trading.

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Quote from: coinism on December 25, 2021, 04:50:50 AM

Quote from: jrrsparkles on December 25, 2021, 04:39:57 AM

Not everyone is having the same expectations, some satisfied with decent money while some wants to become a millionaire from their 1000 dollars investment that is why they have been holding this all years even though the price is dropping which isn't really bad for Bitcoin but most of the time we won't make anything with shitcoins.

I sold my btc holdings at the start of this bull run half at 30k while remaining at 35k. After I sell off bitcoin touched 60k but I am satisfied that I have got decent profit on my holdings. I have friends who have bought bitcoin before this dip and waiting for 100k. Its your own choice what profit you want, some are satisfied with 30 to 50% while others want bigger piece of cake.

At least, you already make a big profit. I am sure you can buy back for more in the other time. If you already bought bitcoin a few weeks ago, you are really making a lot of money right now because bitcoin has already increased to $50,000.

If you are just holding bitcoin without knowing when you should sell, you will not make any profit and you only become a watcher while the others are trying to race to buy low and sell high and trying to make a profit.

Smitty Werben Man Jensen

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Quote from: Johnyz on December 24, 2021, 04:32:22 PM

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

Holding without any plan is really a bad thing since we cannot hold forever and we should always have the target price so we can at least enjoy some profit. If you do have that target price it will allows you to have profit and a good backup plan to buy more of the price becomes cheaper, I’d rather sell to take profit and then buy again later on even if its Bitcoin.

That's right that's why we must have a plan before deciding to hold,
selling and buying gradually is also important and again everyone has their own strategy

coinism

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Quote from: jrrsparkles on December 25, 2021, 04:39:57 AM

Not everyone is having the same expectations, some satisfied with decent money while some wants to become a millionaire from their 1000 dollars investment that is why they have been holding this all years even though the price is dropping which isn't really bad for Bitcoin but most of the time we won't make anything with shitcoins.

I sold my btc holdings at the start of this bull run half at 30k while remaining at 35k. After I sell off bitcoin touched 60k but I am satisfied that I have got decent profit on my holdings. I have friends who have bought bitcoin before this dip and waiting for 100k. Its your own choice what profit you want, some are satisfied with 30 to 50% while others want bigger piece of cake.

jrrsparkles

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Not everyone is having the same expectations, some satisfied with decent money while some wants to become a millionaire from their 1000 dollars investment that is why they have been holding this all years even though the price is dropping which isn't really bad for Bitcoin but most of the time we won't make anything with shitcoins.

palle11

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Quote from: Dragonfund on December 24, 2021, 03:36:59 PM

Any coin that I enter with my money, I always have an exit for them regardless of when i hold it or how long it will take me to sell them.

I think this is the profitable way to do the business for profit rather than getting confuse we should have a plan for selling. If you keep waiting for a particular ATH, it may not reach there before it starts dropping so having a profit level and exiting as soon it gets there is wise enough. This is like setting a take profit and whether you are there or not, it will take profit for you when the price gets to that level.

carcassone

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hodler have patience and most of the time this is the key for the success also in real life.

the best ratio is own some coin but spend a portion for daily expense. holding forever is something crazy like have all money of the world but you can use.

buying yatch / waste money is too easy and is not a key for the success. Cool

probably if you're rich enough you can waste your money, but who knows the future? Grin

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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

True. You don't have to keep on holding forever. If you feel like selling and taking the profit, then sell. If you have decided to hold for a year, then hold for a year and then sell. If you invested in a coin that you are seeing isn't doing well, or probably is a shitcoin, then just sell it and invest in a better coin. If you see another coin that has better potential to go up, then sell the current coin you are holding and buy the one that you think will outperform the one you were holding. Don't miss opportunities when you find one. Just don't sell good coins for some shitcoins that you think "might" go x100 overnight.

so98nn

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I’m pretty sure hodling is an art of big investor because not everyone is blessed with the power of smooth hodling. Yes what you have advised is also golden rule for those who don’t wanna risk the money. I mean buy low and sell high. However, hodling always give you higher returns because you surely buy low but sell at highest possible rate in the future so that gives you biggest returns in the process. But as I opened up my conversation with one important point here and that’s the art of hodling, it takes patience, proper coin selection, and clear mind when to sell. Those who understood the method will always win the market.

Anguwa

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You s, to sell and rebuy or even to buy another coin gives some trading experience, at least one can learn more about market speculation in the process of selling and buying coins. Is not advisable to keep holding one particular coin for life time, at least sell the coin, take your profit and buy again or buy another coin.

Fatunad

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Quote from: Hypnosis00 on December 24, 2021, 05:47:26 PM

Quote from: ?? on ??

There’s is nothing wrong in holding and we cannot blame them for having a diamond hands to hold, they just really want to do this because they believe on the future on their holdings. Even if they are not taking profit yet I believe once they are satisfied with the profit they will sell eventually. I’m still holding with my BTC and I’m not taking profit yet, I will hold even in the next 10 years since I know its real value.

Perhaps, that was their choice, and that is your choice as well, and we can do everything that we want. I have no diamond hand to hold long, that is what I see on myself but have never been in panic selling and week hand to sell once seeing the market is down.

If we hold 10 years, 20 years, that is probably for some reason and I think we can do it if we are committed to doing it. But I have the reason also for not doing it long as I just took for the opportunity to make a profit in every bullish to come. Coz I think that holding long doesn't give me security and might possible to miss many opportunities.

Missing out lots of opportunities is something the main reason on why i dont really tend to hold for too long and to mind that nothing is assured when it comes to future talks
or the future itself of a particular coins you've been holding on which you wouldnt know if that peak or pump price would be its last and the next one would take out for
another years in counting which do really sucks if you do really wait up for that long period of time which do have a profit which is lesser compared when you do make
short trades but somehow dealing with volatility in short term is more risky rather or compared with holding.

Hypnosis00

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There’s is nothing wrong in holding and we cannot blame them for having a diamond hands to hold, they just really want to do this because they believe on the future on their holdings. Even if they are not taking profit yet I believe once they are satisfied with the profit they will sell eventually. I’m still holding with my BTC and I’m not taking profit yet, I will hold even in the next 10 years since I know its real value.

Perhaps, that was their choice, and that is your choice as well, and we can do everything that we want. I have no diamond hand to hold long, that is what I see on myself but have never been in panic selling and week hand to sell once seeing the market is down.

If we hold 10 years, 20 years, that is probably for some reason and I think we can do it if we are committed to doing it. But I have the reason also for not doing it long as I just took for the opportunity to make a profit in every bullish to come. Coz I think that holding long doesn't give me security and might possible to miss many opportunities.

Silberman

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Quote from: Sihab76 on December 24, 2021, 04:28:14 PM

Holding on to some coins for a long time I have faced a huge loss which I will never be able to recover. However, the wise thing to do is not to store certain coins for long periods of time. If the market is up, it should be sold wisely.

What many people do not understand is that if you want to hold an asset of any kind then that asset needs to be solid and have great fundamentals, if this is not the case then it is not worth holding such an asset, this is why in this market the only coin worth holding for the long term is bitcoin, you can trade altcoins if you want as good profits can be obtained with them but holding them is not a good idea, now there are a few exceptions like ethereum, but that is all what they are, and as such you must avoid holding altcoins for any significant amount of time or you will eventually get burned.

Finestream

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Quote from: carlfebz2 on December 24, 2021, 04:43:29 PM

Quote from: kawetsriyanto on December 24, 2021, 04:38:25 PM

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

You are right. Selling our Bitcoin or altcoins during bullrun is probably the right way to earn more money, then we can buy more Bitcoin with that money in the next bearish. I also did this way and it works for me. I never try to hold my BTC/altcoins forever, I prefer to sell once it achieves my target and rebuys when I know it is good momentum. Well, this can suit me probably because I am not a typical long-term investor who can hold more than 5 years. While for those long traders who target to hold 5-10 years or more, they may not care of taking advantage from bullrun and bearish.

A must thing but people do end up on holding despite of those good or perfect conditions on selling out which it is more preferrable rather than on waiting

for too long on just having small profits because you cant make out 2x in bitcoins price which is only possible for altcoins specially low caps.If you are really

trying to look for profits in short term duration then selling it on basing with the trend is much better but somehow it isnt something that easy to be done
than say but its not impossible.

But trading in short term is quite risky than long term holding. But hodling a certain coin for a very long time is not good anymore as you are not thinking to make profits anymore but more on afraid to make a loss. And this is definitely a very bad mindset. You are here to make profits so never miss chances to sell your coins and earn profits and also, always think of good opportunities to buy again when the price is right.

carlfebz2

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Quote from: kawetsriyanto on December 24, 2021, 04:38:25 PM

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

You are right. Selling our Bitcoin or altcoins during bullrun is probably the right way to earn more money, then we can buy more Bitcoin with that money in the next bearish. I also did this way and it works for me. I never try to hold my BTC/altcoins forever, I prefer to sell once it achieves my target and rebuys when I know it is good momentum. Well, this can suit me probably because I am not a typical long-term investor who can hold more than 5 years. While for those long traders who target to hold 5-10 years or more, they may not care of taking advantage from bullrun and bearish.

A must thing but people do end up on holding despite of those good or perfect conditions on selling out which it is more preferrable rather than on waiting

for too long on just having small profits because you cant make out 2x in bitcoins price which is only possible for altcoins specially low caps.If you are really

trying to look for profits in short term duration then selling it on basing with the trend is much better but somehow it isnt something that easy to be done
than say but its not impossible.

Topic: You don't need to hodl a particular coin all your life - page 16. (Read 2570 times)