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Author Topic: why is it important to HODL?  (Read 3986 times)
Millzp0
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November 10, 2017, 08:41:26 PM
 #1

correction is due, panic mode is on, and every thread seems to explain in different context of weather it is important to hold on to BTC when dropping yet others are saying to sell, vice versa. how can this be

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November 10, 2017, 08:49:04 PM
 #2

different opinions, different analytics, different interpretation.

no one is able to predict the exact outcome. there is a lot of information available. everyone has to do their own research and has to act depending on their strategy and risk-affinity.

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November 10, 2017, 08:52:13 PM
 #3

It is really important to hold because you need  to see first   or maybe update the price and see also the movement of the market i believe slowly but surely moves  is mor profitable than investing or maybe trading earlier without knowing anything. I believe that every moves matter with the experience and it can maybe creat a panic selling if you can controlled your emotion.i think also that holding is the best way to prepare for the next move to gain.

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November 10, 2017, 09:04:44 PM
 #4

The reason that it's most important to HODL, in my case, is because I'm a bad trader and I KNOW I'M A BAD TRADER.

Yeah you good traders can spot the highs and the lows pit pat piffy wing wong wang just like that and make a millino bucks sure no problem bro.  Likewise the weak hands are like OH NO IT'S GOING DOWN I'M GONNA SELL he he he and then they're like OH GOD MY ASSHOLE when the SMART traders who KNOW WHAT THE FUCK THEY'RE DOING buy back in but you know what?  I'm not part of that group.

On a serious note, buying and selling and selling on a regular basis, especially when you're a very inexperienced trader like most of the newbies getting involved in BTC, is a terrible idea.  You end up acting based on emotion and then you lose money based on FOMO buying and panic selling.

If you just buy and then you keep your coins for a long time, at least if it goes down you don't lose on every fluctuation - just a long-term downtrend.

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November 10, 2017, 09:17:10 PM
 #5

correction is due, panic mode is on, and every thread seems to explain in different context of weather it is important to hold on to BTC when dropping yet others are saying to sell, vice versa. how can this be
We still have different opinions such that some will say that we should hold during the dumps and also, sone will say that you should sell to cut down the loss. But in thr end, it will still depend on that person. In my point of view, it is better to hold and invest when its market value is falling becauae as what is always happening, it will eventually increase after few days so I think, it is nonsense to sell especially when its value is low. We should be patient .

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November 10, 2017, 09:20:26 PM
 #6

The philosophy of HODL is two-fold:

1. If everyone buys bitcoins and never sells, then the price can only go up. So don't sell.
2. The price is assumed to go up in the long run, so selling (and especially panic selling) will only result in tears and regret. So don't sell.

In short, don't sell.

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November 10, 2017, 09:30:20 PM
 #7

no emotion, no panic, hodl and gain!
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November 10, 2017, 09:45:00 PM
 #8

It is important to hold because we have seen the bitcoin price in this year 2017 to increase more than 5 times during a year. It can increase up to 10 next year or up to 50 in the next few years. Imagine if you hold the bitcoin until these times, the joy you will feel will be great. Now imagine if you sold , the tears and regret would be really big and you risk even to go in depression because of such move. I agree, don't sell.
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November 10, 2017, 10:08:01 PM
 #9

correction is due, panic mode is on, and every thread seems to explain in different context of weather it is important to hold on to BTC when dropping yet others are saying to sell, vice versa. how can this be

Personally, I'm not going to sell. It's not a big dump and i think it will recover tomorrow. Not much profit for me if i sell now.

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November 11, 2017, 12:18:42 AM
 #10

Don’t panic, not the first nor last time BTC adjust level. Don’t give your BTC for cheap.. HODL
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November 11, 2017, 12:29:38 AM
 #11

To HODL bitcoin is no question. To long term invest is the most fashionalbe and valued thing (As I think). As we look back the BTC value on charts we can see why... therefore no question to HODL. :-)

Never give up! ;-)
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November 11, 2017, 12:59:20 AM
 #12

Correction happens, but no need to worry. If you would sell Bitcoins now, it would be stupid decision and you will regret later, when it will rise again to new ATH. If you have some savings, it's great time increase your Bitcoin assets by buying it at lower rate. It's like a Black Friday with big discounts. And we don't know how much Bitcoin will rise again after correction. Really, I don't see reasons why to sell Bitcoins now. If you see, Bitcoin world is not for you.

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November 11, 2017, 01:10:28 AM
 #13

correction is due, panic mode is on, and every thread seems to explain in different context of weather it is important to hold on to BTC when dropping yet others are saying to sell, vice versa. how can this be

HODLing is important when you believe that a certain digital coin's market value will eventually rise in the future. Good thing about HODLing is that you can sell your digital currency at a higher price if its market value will rise.
On the hanrd, HODLing is also like gambling because you might be HOLDing a crypto that will never rise again.

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November 11, 2017, 01:14:41 AM
 #14

Correction happens, but no need to worry. If you would sell Bitcoins now, it would be stupid decision and you will regret later, when it will rise again to new ATH. If you have some savings, it's great time increase your Bitcoin assets by buying it at lower rate. It's like a Black Friday with big discounts. And we don't know how much Bitcoin will rise again after correction. Really, I don't see reasons why to sell Bitcoins now. If you see, Bitcoin world is not for you.

I agree with you dude don't sell your bitcoin if the price are falling still keeping your bitcoin until the price are pump again everyone in the bitcoin community know the situation of bitcoin now don't be afraid because holding is the most important thing you can do why? because if everyone hold their bitcoin then the price will boost again.

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November 11, 2017, 01:22:53 AM
 #15

correction is due, panic mode is on, and every thread seems to explain in different context of weather it is important to hold on to BTC when dropping yet others are saying to sell, vice versa. how can this be

correction of bitcoin price is expected by many to happen and now bitcoin value is facing it. It is important and recommended to HODL our bitcoin to avoid some major lose for yourself. If you are a true believer of bitcoin , this will be just a normal situation for you. In the next few weeks it will going to pump again and make new history!

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November 11, 2017, 01:52:14 AM
 #16

Just another day in Bitcoinland.

Bitcoin is still young, and has almost no market penetration for payments.

SegWit and the Lightning Network will help change that, but it's going to take time.

Waiting out the bears is easy if you're liquid enough. We'll see another bull run soon enough.




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ardhigalau
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November 11, 2017, 02:13:30 AM
 #17

Everyone has their own opinions, some suggest selling, some suggest holding. But depending on your belief, if you believe bitcoin will continue to rise, you better hold for as long as possible.

rosepetals
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November 11, 2017, 03:04:52 AM
 #18

correction is due, panic mode is on, and every thread seems to explain in different context of weather it is important to hold on to BTC when dropping yet others are saying to sell, vice versa. how can this be
It is important to HODL bitcoin because of its great potential  that its value will strike higher than what we expected,dont go for panic selling  if its value dumps,we are risk takers and once we invest we must have more patience to wait till the next pump to gain more profit.. bitcoin seems to be more stable than any other cryptoccurency we must believe that bitcoin has its potential to make us financially free in the near future.

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Unilevear
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November 11, 2017, 03:30:32 AM
 #19

We have different perspective in holding Bitcoin. We hold because we believe that even though the price of bitcoin is starting to decline, we know that its price will go back up again after sometime, so we want to wait for that moment before selling at a lower price. Just stay calm and don't panic sell.
ramsdaj28
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November 11, 2017, 03:30:36 AM
 #20

correction is due, panic mode is on, and every thread seems to explain in different context of weather it is important to hold on to BTC when dropping yet others are saying to sell, vice versa. how can this be
Holding is important and beneficial because of one thing: it will allow the price of bitcoin to rise up or remain steady in the course of time. The reason why crypto prices are moving is that the demand and supply available for trade are trying to meet at one point such that the number of buyers who want to buy a certain crypto will be matched by the number of sellers. When there is a low supply and high demand, that's the time that the price of a crypto will rise up. The buyers will try to offer a higher price to convince the holders to sell their cryptos.

Putting that into perspective, the longer the owners hold their cryptos, the higher the chance that the price will rise up. That's why they have this what we call PUMP and DUMP, where people who newly acquired a crypto will immediately sell their coins when the price goes up, and after all coins are sold, the coins will be dumped and consequently, the price of these coins will fall.

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