Bitcoin Forum
June 27, 2024, 09:34:04 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Stack sats / HODL philosophy (noob question)  (Read 206 times)
Ucy
Sr. Member
****
Offline Offline

Activity: 2576
Merit: 402


View Profile
March 24, 2020, 01:53:09 PM
 #21

The stack sats principle is quite compatible with the "invest what you can afford to lose" recommendation... So it is a fairly safe way to invest/hold, in my opinion. I would invest maybe 1-5% of what I earn on daily basis if there is a safe way to do so. By safe I mean through methods that are Blockchain-friendly.
In regards to trading, I prefer it because you invest once in a while from fiat to crypto rather than regularly stacking from fiat to crypto.
Reid
Hero Member
*****
Offline Offline

Activity: 2940
Merit: 647


View Profile
March 24, 2020, 02:26:51 PM
 #22

I'm fairly new to this space and I'm quite keen on the "stack sats and chill" DCA approach as opposed to trading as I believe in btc long term. I mean I just want to add to my btc holdings whenever I can at whatever price and don't care much for short term price movement, no matter how drastic. Do many of you follow this approach or are you mostly traders?
Stay with that kind of belief and somehow let us meet in the Finals.
Maybe we could toast a beer and have a party.

Another question- When people preach HODL philosophy (obviously I know it means hold) is this the same "stack sats and chill"... or are the HODL'ers just those that invested big at some point in the past and are long-term holding a single position?
Point of being a holder is to just keep it until a time comes where you could spend it.
That is my opinion.
But some just does it long term. Yes, a long term investment which means they are still waiting for a big pump and they will probably sell it all or half of it.
Also means, it is still cash which they prefer.
We have our own choices though so let us just respect that.
bearexin
Full Member
***
Offline Offline

Activity: 1162
Merit: 168


View Profile
March 27, 2020, 06:44:50 PM
 #23

When you’re a HODL'er it means that you’re saving up a particular amount for a long time. It can be for as long as you want and you can as well be buying more coins and adding to the ones you have already.

I do hold my coins and there are times that the market will fall and I will still buy more coins at that cheaper rate and add to what I have, after buying the coins I will still continue to hold till the time that I have planned to sell the coins. You just have to do whatever you feel is right for you, some people just hold because they are not good with day trading.
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!