HODL bitcoin? why and why not?

[angaper]

Of course that seems to be the most convenient option in these times of great volatility, because even if the bitcoin suffered a sharp correction in coming days, the price increase has been so great that we would certainly close the year with big profits. However, given the great news that bitcoin is making a world mainstream, it seems to me that there is a greater possibility that the price will continue to climb towards the threshold of $ 20,000 before going back to $ 10,000, so holding seems the best decision.

However, it would not be a bad idea to cash out a bit of your bitcoins to have some liquidity these days of uncertainty.

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[minus_one_crypto]

I've been holding bitcoins for several months and I understand that this is the right strategy. If I continue to hold, then my income will increase several times. This is the main incentive for not selling coins now

[Mind Control]

HODL bitcoin? why and why not?

Hold because this is a contributor in the increase of Bitcoin's price. It contributes in the scarcity of Bitcoin in the market that plays a major role in its current price. Holding Bitcoin is the most convenient way to earn in the long run. This is very advisable to those who does not know how to trade effectively. By holding, a person could earn just by waiting until the price increases and not taking risks of continuous selling and buying a.k.a trading.

[adzino]

HODL bitcoin? why and why not?

Holding would be a better option. The market price and charts speaks for itself. Why wouldn't you want to hold your bitcoin and make passive income with the rise of the price of bitcoin?
Selling bitcoin or cashing it out for fiat means your loss of opportunity.

[senne]

HODL means Hold On for Dear Life but the current market position puts the holders in dilemma to wait for price to rise more or sell before the bubble bursts. Bitcoin has reached beyond everyone exception, Seriously who would have though that Bitcoin could shoot up to $16,000 in really 2-3 months. Bitcoin faced many challenges and threats on its journey and now it stands with such a growth that everyone is worried about its bursting. According to me the choice is your as no one can give you the proper estimation of price. Bitcoin may touch $30,000 or may explode nothing is assured.

[chickenado]

HODL bitcoin? why and why not?

Long time bitcoin holders have their strategies to hold their btc for a long period of time because they believe in bitcoin to change their life through times.Its price now has truly fluctuated to almost $19000,for long time holders that buy bitcoin in  the most cheaper price already seen the perfect time for exchange in fiat..but i think that doesnt come up with those holders to sell their btc because bitcoins price continue to rise without any corrections for the past few days.. its price has surpass everyones speculations this year and still continue to rise.

[DaMut]

Hold or not it's all depend on the trader themself.
for me it would be better for you to hold it as much as you can until it get listed on CME group's future in the next few days later,
and sell it a day or two before the listing because whenever we're reaching the news mass dump will happen just like before.
but it does not matter if you keep holding it if you only want to hold it for a long time (approx for more than 5 years no less than that).
because everything can be happen with it,we may be can see the dump or we may be not.
lately we heard a lot of positive feedback from people around the world,
like regulated exchanges in japanese,listing on CME group's and many more in the next few months.

do not hold Bitcoin if you do not have a financial back up,
because with it you can lose all of your money and of course it will affect your real life so bad.

[andrei56]

Do so, because trading in the short term is random and everyone makes less money trading than holding in the long run. Technical Analysis of charts does not affect future outcomes, because game theory makes you indifferent from buying or selling in the short term. If you invest do so in the long term. You can do short term buying and selling if you believe the underlying is worth a certain price and the actual price is above or below that number. I guess that is considered trading too, but what most people do with trading is going to cost them money because they overcomplicate things.

If you are bearish on Bitcoin then obviously you shouldn't invest in it. Bitcoin faces many threats. Government intervention and Bitcoin developers not delivering scalability solutions.

People on here often say that the government can't stop Bitcoin, but they don't really understand how the world works.

The government cannot stop bitcoin but they can slow adoption, they could ban it, regulate it to death, try to block traffic to sites like this one, that will kill the desire of any wall street wolf to get some bitcoin but it seems most governments are not going that route and think they can get something out of bitcoin.

[Nicol3]

Yes HODL bitcoin of course, who wouldn't hold bitcoin when its price is almost constantly increasing. If you want more profits though then this'd be the best coin to invest in.

[sharted]

Yes HODL bitcoin of course, who wouldn't hold bitcoin when its price is almost constantly increasing. If you want more profits though then this'd be the best coin to invest in.

Holding always give you more profit.A week ago the of bitcoin is struggle to reach 12000$,now it crossed 16,000$.All the holders will double the profit and this is the power of holding.In holding you get more dollar for same holding bitcoin.

[Inkdatar]

Yes HODL bitcoin of course, who wouldn't hold bitcoin when its price is almost constantly increasing. If you want more profits though then this'd be the best coin to invest in.

No doubt bitcoin must hold with the price that sure to increase so most users holding bitcoin. Yes the best to invest is bitcoin as this already been noticed by many nationwide because of the value of bitcoin. Why not to hold? If profit will earn even holding as long term.

[BitHodler]

The government cannot stop bitcoin but they can slow adoption, they could ban it, regulate it to death, try to block traffic to sites like this one, that will kill the desire of any wall street wolf to get some bitcoin but it seems most governments are not going that route and think they can get something out of bitcoin.

Governments look for control and to collect tax from their beloved citizens. Control and making people pay tax are things they can somewhat gain by regulating this market in their advantage (not the extreme route).

Coinbase has been a perfect example of how a government can demand all kinds of user data from whatever service. If you have paid your tax, no worries, but if not, you'll be up for severe penalties.

And of course there will always be governments looking to use the banhammer for everything they see as a potential threat to their corrupt system. People however will always be able to buy and use Bitcoin, nothing can stop them.

[jtipt]

HODL bitcoin? why and why not?

If you have nothing to lose then why not just HODL and see where it leads. If you have already got even with what you had invested, given the current price anyone who had invested in last year or before would had easily got even so far. So why not hold and see if you become millionaire or just profit $1000 at the end of the day.

[mongkie]

hodl bitcoin. as of the momment the price of bitcoin is going straight up and if you converted your bitcoin last month to fiat money then you are regreting like me. the btc value is much greater than the fiat value when i converted.

[knightmairesaint]

HODL bitcoin? why and why not?

If you have nothing to lose then why not just HODL and see where it leads. If you have already got even with what you had invested, given the current price anyone who had invested in last year or before would had easily got even so far. So why not hold and see if you become millionaire or just profit $1000 at the end of the day.

Well some people are afraid to continue holding their bitcoin. As we know, the price of bitcoin might crash any minute or any time and of course no one knows when it really is. Holding bitcoin is really risky because bitcoin might disappear someday and also the fact that many people are trying to steal from others because bitcoin is really a good asset. I know some people who have been holding and have not been selling that much since the day they have started earning and for sure she have already made a fortune. Despite these risks many people still choose to hold because bitcoin have really made a huge growth and it looks that it will still grow.

I think that holding bitcoin depends on the financial needs of a person. If a person don't have that much or have someone to depend to for his financial support then if course, his earnings will mostly be saved but if he is the kind of person who has financial responsibilities, holding can't be fully done because there will always be a need for selling.

[hisuka]

hodl bitcoin. as of the momment the price of bitcoin is going straight up and if you converted your bitcoin last month to fiat money then you are regreting like me. the btc value is much greater than the fiat value when i converted.

Holding bitcoin is really taking risks and we should think of a greater profit that we can earned. I've experience this also converting my btc to fiat and just late realized that I should hold bitcoin the price right now is so high. However, holding bitcoin may lead us for a better future in cryptoworld.

[nidacoinlove]

Hold or not it's all depend on the trader themself.
for me it would be better for you to hold it as much as you can until it get listed on CME group's future in the next few days later,
and sell it a day or two before the listing because whenever we're reaching the news mass dump will happen just like before.
but it does not matter if you keep holding it if you only want to hold it for a long time (approx for more than 5 years no less than that).
because everything can be happen with it,we may be can see the dump or we may be not.
lately we heard a lot of positive feedback from people around the world,
like regulated exchanges in japanese,listing on CME group's and many more in the next few months.

do not hold Bitcoin if you do not have a financial back up,
because with it you can lose all of your money and of course it will affect your real life so bad.

In many cases you have to decide things by your own. For some people holding till the time of CME group listing will be beneficial while for some after it and may be before it.
There is something that we miss when we get into the bitcoin BTC price value discussion and it is out objective and targets from the BTC. If the time has reached that my target has achieved in a manner that holding BTC is not a priority any more, I will definitely go for a sale. We are actually prioritising things sometimes money matters while sometimes it don't.   

[boyptc]

HODL bitcoin? why and why not?

Don't question if we are going to hold bitcoin, just keep on holding if you want to have a better and bright future. Everyone has been holding their bitcoins though there are some that are still kicking and giving themselves a break for selling it into cash and treating. Hold bitcoin because there will be more of it and you just have to be patient.

[aizen10]

to hold bitcoin is a very wise decision, why? because it can cause of price hike, many newbie people in crypto are getting panic when the price of this bitcoin decrease and they are simultaneously selling their bitcoin that can cause of price drops. so why not to hold your bitcoin for long period of time to see how many profits that you can get by holding your bitcoin.

[crazycatwoman03]

to hold bitcoin is a very wise decision, why? because it can cause of price hike, many newbie people in crypto are getting panic when the price of this bitcoin decrease and they are simultaneously selling their bitcoin that can cause of price drops. so why not to hold your bitcoin for long period of time to see how many profits that you can get by holding your bitcoin.

Holding bitcoin had been very beneficial and profitable for us who have been saving since we started earning here. I started when bitcoin was less than $1 000 and look at the price now. I had sold so many bitcoin before because of financial needs and I do regret selling because if I have hold it, I could have earn more. Good thing, I still have bitcoin left in my wallet to hold. Holding may be risky but this is how it works here and between crypto currencies. Anyways, it looks like that bitcoin will continue to rise so it is a good opportunity to hold now, hold as long as you can because the higher the price of bitcoin will be, the more people will be interested in it.

About the panic selling, as a newbie trader once, it is really alarming when you are just starting and is really hoping to earn and then bitcoin suddenly goes down. SO before the price really goes down, they will sell hoping that they will still be able to earn a profit.