HODL bitcoin? why and why not?

[maxj57634]

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.

Holding is not only easier, holding can give more profits than active trading, many people claim that you can make more money with trading and while that is true, how many people are able to make more money than those that hold, not many and this is why I like holding better than active trading.

Active trading are for those people who has a lot of time looking at the changes in the market and has a lot of knowledge, of course you dont have so many time to spend in trading the best option for you is to hold.

[Casdinyard]

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.

Holding is not only easier, holding can give more profits than active trading, many people claim that you can make more money with trading and while that is true, how many people are able to make more money than those that hold, not many and this is why I like holding better than active trading.

Yeah that's why holding is much more safe than anything especially if you don't wanna take any risk. I'm sure that many had proven that holding is profitable and it's for real and with its uptrend position no wonder many caught their attention and desperate to own some. Just buy bitcoin and get back to it after a year and see how it grows.

[4U]

Hold if you are too busy to pay attention to possible peaks but its also quite feasible to sell on near highs and buy into dips and still be within a bullish trend.   The reason not to hold is the gains from trading are quite alot more then just blind holding and the market is such that volatility does not make rebuying a rare occurance.  Its more a case of will you have the guts to buy into the low price when everone is fearful

It makes more sense to rebuy but some find themselves better off just looking away and not paying attention they are less likely to become fearful and miss out on gains.  I guess that makes sense but only with money you dont need ie. literally forget

My rough estimate for a sell off now would be $11,441   but appraise that at the time and usually there is time to buy on the return to a positive gain.    Right now I would not sell above $15,000 as this is a point of strength generally but its all open to interpretation.   This market is very liquid at centralised exchanges but I dont like how fees are so high preventing normal transfers between individual wallet holders.  

   Strength will always be in the longterm diversified network, thats the backbone the rest is flabby fat no wonder we wobble so much 

I think it’s very important to keep on hold bitcoin because there are two things which are very important for bitcoin first one is time and second one is hold if you are investor so you have to be very careful about these two things because bitcoin don’t accept carelessness so when you buy bitcoin with low price then you have to keep it on hold for some time to get your profit if you will not keep it hold so it’s useless for you.

[laxinternational]

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.

Holding is not only easier, holding can give more profits than active trading, many people claim that you can make more money with trading and while that is true, how many people are able to make more money than those that hold, not many and this is why I like holding better than active trading.

Holding is for economically wellfare people. They have lots of money and they can risk their assets. But if you have limited capital, you  may not be able to wait that long to see your investment became big.

[BCTBF]

HODL bitcoin? why and why not?

HODL bitcoin is very beneficial for long term. So why not for hodl bitcoin if it is profitable. You do not have to think long for hodl bitcoin, you can see a lot of news now people become millionaires because bitcoin. They are just hodl bitcoin from a few years ago. Hodl bitcoin proves to make you rich.

[andrei56]

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.

Holding is not only easier, holding can give more profits than active trading, many people claim that you can make more money with trading and while that is true, how many people are able to make more money than those that hold, not many and this is why I like holding better than active trading.

Holding is for economically wellfare people. They have lots of money and they can risk their assets. But if you have limited capital, you  may not be able to wait that long to see your investment became big.

You do not necessarily need to wait for that long, if you only hold for five years that can make all the difference in the world, imagine if you bought bitcoin at 2012 and you held for 5 years you will be probably be rich by now and if you do that with an altcoin you could become rich.

[Choii]

I hold bitcoin because i know it will increase. Technology and future money is already here. so i just buy and hold no need to think short term, i always think long term for bitcoin.. i'm not gonna sell anything till 2019

I agree with you, bitcoin will increase his value in the future. And that's the reason why i want to hold my bitcoin in long term ( like your strategy ) because i know when i do that i gain more profit becasue if you can see the value of bitcoin is continue to grow in this coming year 2018, and that's my opinion.

[timerland]

HODL bitcoin? why and why not?

Depends. If you think that bitcoin is going to be mainstream in the future and is going to be used as a everyday currency then you probably should just hold until that happens. Don't worry about short term price movements or anythnig like that.

However if you're more a trader, then you probably want to take advantage of dips and peaks. Doing so can greatly increase your profit margin even though you may still believe in the long term success of bitcoin.

There's a case for both, personally i'm holding, but if the price is way too high then i'm going to dump.

[ipanks]

you can hold it if you want to make a big profit in the long run. but if you want to make money in the short term then you can try to trade bitcoin pair usdt and I am sure that you can make a good profit too. but if you decide to trade bitcoin pair usdt, you don't need to be panic when the price is down and you can buy back the bitcoin because that is the good time for you to increase the amount of bitcoin you have. but personally, I still hold the most bitcoin I have until the price can reach my goals and I still have another bitcoin to do trade in daily or weekly so I can try to increase the amount.

[andrei56]

HODL bitcoin? why and why not?

HODL bitcoin is very beneficial for long term. So why not for hodl bitcoin if it is profitable. You do not have to think long for hodl bitcoin, you can see a lot of news now people become millionaires because bitcoin. They are just hodl bitcoin from a few years ago. Hodl bitcoin proves to make you rich.

Holding bitcoin can make you a lot of money, but if you want to become rich you need to hold a significant amount of bitcoin and since bitcoin is so expensive then that means that you need to have a good amount of money already so becoming rich is not as easy right now.