You don't need to hodl a particular coin all your life - page 4.

gunhell16

sr. member

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Well Holding a coin for 1- years I think is enough to do it. But holding it all your life is not a good idea, since the market here in the cryptocurrency is unpredictable and the price was too very volatile as well. Anyway its your choice to do it and none of us here can't stop
in your choice and decision.

Quote from: sklopan on June 06, 2022, 01:02:22 PM

It should be understood that many people think differently. For many, buying such a currency is already an investment for a long period of time.

That is why before you enter to this business industry you must know Himself/Herself in which trading He/She belong
is it Day traders or Long term Trader something like that.

azhot

newbie

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Not all your life, of course, but what you can never do is sell in a panic. I think that moments like the current one are a lesson, to make some profit when it goes up

sklopan

jr. member

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Although this seems correct at first glance, this is not the first time I have seen such people who have been holding bitcoin for several years. And frankly, I do not see any wrong actions in this.

sulendra12

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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 ?

For some coins, hodling until thorough your entire whole life is not even worth it and it could lead you to a potential losses, but for some particular coins it would be better to just hodl it, especially Bitcoin. Sure the price is crashing right now, but remember this event is pretty much we have experienced in other days and Bitcoin sure can recover from all of this and surge until another resistance point.

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

If you want to do that then sure, no one will stop you because this time is really a great opportunity to get some quick profit. But if you are not experienced on this thing then the risk might not worth it for you.

AakZaki

legendary

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zknodes.org

Good strategy, you've done financial management as you want. 50% of your funds are used to reserve to buy bitcoin at a lower price. Your first order must have been reached, the price of bitcoin is now down to $17,700. You just have to wait for the next drop if another drop occurs.
Hold and wait on the new ATH, of course you will get a lot of benefits. Don't panic, hold on and forget, a good strategy is long term.

sklopan

jr. member

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The market is a dynamic, and this must be clearly understood. And just from this, the trader's strategy should change very noticeably. This is just as important to be clear.

LUCKMCFLY

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Quote from: sklopan on May 29, 2022, 07:11:45 AM

By the way, many people focus their attention on one coin and find it difficult to switch to other coins. It is important to understand that now the situation is changing often and you need to be prepared for this.

Well, I know friends who have become very fond of some coins and the truth is that they did not do very well, especially in the last distribution that was of BTC, when I told them that the market was going to fall they bought, and they bought some altcoins with the hope that at that moment the price of BTC reached $50k and they could expect a movement of at least x10 of their altcoins, and the opposite happened, it is incredible but I have 2 friends who made almost 500 thousand dollars and lost everything due to their bad investment decision, between them 2 made $1M, it was really something sad, but they didn't want to listen to me.

sklopan

jr. member

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The main thing is to buy profitably and understand what you bought. I think that this is the key task now.

Smartprofit

legendary

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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

There are many old threads on the Bitcointalk forum from 2011.

In one such thread, I read how one trader wrote: “Bitcoin hit $10. My advice to you is sell bitcoins! The price will not rise! Personally, I sold all the coins I had."

I also read a story about how one trader sold 5,000 BTC at $4 and was glad that he made a profit as a result of this transaction.

All these stories prove that it is profitable to hold cryptocurrency. Those who tried to trade in 2011 made a profit. However, this profit is negligible compared to the increase in the price of the asset over the next 10 years.

But it makes sense to hold only such fundamental cryptocurrencies as Bitcoin, Ethereum and Monero. Over time, their price will grow.

libert19

hero member

Activity: 2520

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I have expensive lessons on this one, plenty money came out of thin air and disappeared as well. However, pulling out one coin and putting into another doesn't sound good idea either. Better to cash out in fiat, BTC and put some percent back into investment.

Vaskiy

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People doesn't want to risk, which is the reason that stops them from not making a sell and re-buy when the market turns bearish. The holding just stays idle, making a sell and buying again when the price has gone down will bring in some profit as well as help with increase the volume of holding. Same as that some used to hold unwanted coins that are no more valuable, selling those coins and buying other potential ones will bring profit. However everything has got its risks, so it is one's personal to do trading.

milewilda

legendary

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Quote from: sklopan on June 06, 2022, 01:02:22 PM

It should be understood that many people think differently. For many, buying such a currency is already an investment for a long period of time.

But people should really be minding off about the risk involved to it because not every investment that you are diving in would really be ending up on positive since future isnt guaranteed but the thing we've been holding on is on the potential that we've seeing and the support of the community which is a highly indicative thing which does shows that it does really have chance on going into that path.
Selling decisions will really vary into each people due to several factors which would really be affecting their actions thats why even you do advise out on something then you cant be sure
whether they would be following it or not.

sklopan

jr. member

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It should be understood that many people think differently. For many, buying such a currency is already an investment for a long period of time.

Newlifebtc

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Quote from: sklopan on May 29, 2022, 07:11:45 AM

By the way, many people focus their attention on one coin and find it difficult to switch to other coins. It is important to understand that now the situation is changing often and you need to be prepared for this.

focusing for one coin is like valuing a specific coin and it is not good for investment for we to focus for a particular like enough the coins is doing well and it's given a good volume don't depends on one coin, before i was valuing Bitcoin than any other coins but since i notice that what Bitcoin can give me for investment and another coin will give me such and i began to spread my investment to other coins

Mauser

hero member

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Sell the bull and buy the bear sounds like the best investment advice, unfortunately it's hard to identify where the bull market ends and the bear market starts. Is the bitcoin price of 30,000 USD right now the end of the bear market or is the bill market still far away? The timing issue is what makes HODL investing so interesting and profitable. I also like to trade actively the market but do this in much smaller sizes. What is wrong with holding my majority of Bitcoins long term? It's not all about short term profit. For our grand parents it's normal to save money in a bank account and that money will eventually go to us. So why not do the same with bitcoins? We can leave behind crypto currencies instead of fiat money for our children and grand children. If we think for the next 100 years than holding long term becomes a new concept.

LUCKMCFLY

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Regardless of everything they can advise, it is remarkable to say that the only safe currency is and will always be BTC, for my BTC it can be kept as long as necessary and I am sure it will not disappoint, in fact I think that in the distant future the btc will have a great price, for me I am a faithful believer in the S2F model that only applies to BTC and not to any altcoin, I fully respect altcoin investors and those who want to support projects, in fact there are many projects that can help many things, but the LUNA thing can happen to them at any time, and although the BTC market is not exempt from this scenario, I see something like this far away for the simple fact that in BTC there is a lot of money involved, and nobody wants to kill a big business so infallible and such superior technology economically.

stomachgrowls

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Quote from: sklopan on June 02, 2022, 01:05:12 PM

Actually, I invested a certain amount in bitcoin a few years ago. Now I'm just waiting, and I think this option is quite appropriate.

Its appropriate and its up to your own call whether you do secure out your profits and then buyback when the price had made out corrections.If you are a long time holder then
it would really be not a bad idea on selling out some of those coins or totally sell it all for getting the profits that you had been long time holding.FOr the current price its not
bad but of course it depends on how much you had able to buy those coins wayback.,

If you do go short term then getting gains as minimal as possible is something that do ample for you then go ahead but its not for everybody.
You dont need to hold in particular coin in all of your life if you can actually utilize movements in active manner.

sklopan

jr. member

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Actually, I invested a certain amount in bitcoin a few years ago. Now I'm just waiting, and I think this option is quite appropriate.

Altryist

legendary

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Quote from: AicecreaME on June 02, 2022, 10:48:13 AM

I assume that the majority that holds only one coin are those people that choose stock trading for long term. For example, a certain guy bought bitcoin at $13,000 and decided to hodl that for his own perspective on which price he is going to sell all that. Maybe, other reason why they only hodl one coin, let's say Bitcoin, is that they trust it so much and don't really have that much trading knowledge, only buy low sell high.

Is it bad to only hodl Bitcoin? For me it's a NO.

If we are talking about bitcoin, then it is definitely a good investment, but if we are talking about some kind of altcoin, then this is a big risk. The recent example of the LUNA shows us how bad things can get if a person believes in one coin. Diversifying your portfolio is an added security that should not be neglected. I stick to the strategy where the main part of the crypto portfolio consists of bitcoin, and a small percentage consists of altcoins.

Pandu Geddon

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Quote from: AicecreaME on June 02, 2022, 10:48:13 AM

Quote from: sklopan on May 29, 2022, 07:11:45 AM

By the way, many people focus their attention on one coin and find it difficult to switch to other coins. It is important to understand that now the situation is changing often and you need to be prepared for this.

I assume that the majority that holds only one coin are those people that choose stock trading for long term. For example, a certain guy bought bitcoin at $13,000 and decided to hodl that for his own perspective on which price he is going to sell all that. Maybe, other reason why they only hodl one coin, let's say Bitcoin, is that they trust it so much and don't really have that much trading knowledge, only buy low sell high.

Is it bad to only hodl Bitcoin? For me it's a NO.

I'm sure those holding long-term holdings understand the market outlook. they have benefited. and investing in only one coin is not wrong. they have a strong belief in the assets they own.

It will be different from some people who are more likely to spread their capital over several assets. seems to minimize risk when one of the assets does suffer a loss. but on the other hand, I think the risk will be even greater when we hold more assets than focus on managing investments only in one asset.

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