Is HODLINg still valid to make profits

[Abeleez]

This recipee could be a thing of the past. Nowdays it may be better to look for opportunities as lots of talent is going into the market. Do you still think of becoming a millionaire by hodling?

We are currently undergoing the bearish phase of the crypto market and believe you me this is the right time to buy as much as you can and then hold. So, yes holding is still a recipe for becoming a millionaire. From all indications, the market will soon be on the rise and then you can release it for sale.

[xenomorphe1]

If you bought at the top price and if you are doing hodl, you are surely a lot more poor now.

[portotoi]

I think holding is rightfully one of the most profitable strategies and you can earn very well on it. trading is also good, but holding will save your nerves

When you hold a lot of coins, there is a big chance of earning more profit. As what you had said, that holding is the most profitable strategies in order to earn. This will happen only when you learn how to control your nerves in selling your coins in times of crisis.

[TXCEO]

My only goal in investing in the cryptocurrency market is to become a millionaire! Although I may not be able to make so much money, my every investment is moving toward this goal!

[badykvik]

Yes, I still believe holding potential coin for long term is valid to make reasonable profits because their prices will rise higher than the price you bought it and might even multiple and you can sell at higher price but the coin has to be a potential one. If you have very good knowledge of trading, you can buy less potential coin and trade them to increase your profit because you need to have good experience and knowledge of trading before you can so you will not make big loss.

[zerrtty]

Yes, if you choose the right coin for investment. For example, if you buy a potentially interesting coin at a low price and the project that is behind the coin will be in demand, then in addition to rising prices in a growing market, the price of a coin can grow several times and more. The coins with low capitalization have the highest potential.

[1DC]

This recipee could be a thing of the past. Nowdays it may be better to look for opportunities as lots of talent is going into the market. Do you still think of becoming a millionaire by hodling?

In my opinion holding is still the best way to earn a lot of profits in cryptocurrency industry but you really need a lot of patience in order to succeed in that strategy but if you really want some excitement I think day trading suit's you.

[active706]

Holding it`s a nice strategy to make the profit for long-term, if you in a bad situation, then the better choice for you will be holding. But day trading and short-term trading are more profitable and riskier. Also, you need to be good in trading.

[Ferris419]

It is a long and simple strategy for you to make a profit from this market. Of course it is always true when you set goals for 1-2 years. This market always goes up every year before. You can look at charts and hold some coins for yourself

[Clearstream]

I think it is possible. It depends on which coin u invest in. How long do you plan to invest in it? I think there are some treasures in the newly listed coins. You'd better study them carefully. I recently held some cardstack . i have high hopes for it.

[Bitcoin_trader2016]

Yes holding is still realy have a good profit for anyone of us thats what i am bellieving until now. This long term trading can help us if we dont have enough time for day trading because of our personal job.

[big_bankir]

You just underestimate how profitable it is to hold some coins for a long time. It is also necessary to look for new investment solutions, but the HODL strategy should not be forgotten either.

[AK47-]

This recipee could be a thing of the past. Nowdays it may be better to look for opportunities as lots of talent is going into the market. Do you still think of becoming a millionaire by hodling?

No, it isn't like that.

Go check the long term BTC chart or any altcoin which is in existence for more than  years. Check the historical data and you will notice that the price is bullish in long term with small correction here and there. This shows that cryptos are good investment in long term. People are calculating the inefficiency of long term HODL on the basis of this half year performance which makes any significance in mid term only. If you are here for long term that is 2-5 years, don't get bothered with these small term price fluctuation. But if you want quick profit in short term, trade according to TA.

[shinchan123]

This recipee could be a thing of the past. Nowdays it may be better to look for opportunities as lots of talent is going into the market. Do you still think of becoming a millionaire by hodling?

You can gain if you will look for better opportunities, but it all depends on the market. Holding can save you from losing your money if the market is in bearish trend. If you will hold for a long term purpose, crypto price might increase multiple times. It depends on your strategy and circumstances whether if you will hold or not.

[cergikom]

When I first started in crypto,I thought HODLING was the way forward, to make a good profit, so I held out. Only to face reality when I lost thousands and should have sold. Of course, this depends the coin. I think it might be a good idea to HODL for 6 months, and if a profit can be made - sell.

[CowboyX]

I think this is one of the most calm and profitable strategies! Of course, trading is much more profitable, but it's very energy-consuming!

[iram1011]

When you are deciding about certain period to be profitable or not, look for the charts.

Charts can give you perspective of whether the hold in particular can be profitable or not. If you see weekly or monthly charts that is mid term, you will see a bearish market. But if you look for yearly charts, you would see a parabolic charts with green candles. This means that Bitcoin is bullish in long term.

So, whether long term hodl is profitable or not?
Yes, it pretty much is.

[kllondd]

I think that the long-term hold of coins is not now the optimal strategy, because the market is quite unpredictable. I think that short-term and medium-term strategies are more reliable.

[martabaktelor]

This recipee could be a thing of the past. Nowdays it may be better to look for opportunities as lots of talent is going into the market. Do you still think of becoming a millionaire by hodling?

Yes of course still very profitable. But for my own day trading because of profit, every day was very pleasant. My first every day also cost money to live. And if I only do long-term investment certainly would be hard and I don't have enough money for living expenses.

[royalcrypt]

Holding only may not do much good in this market, you need to keep making some good trades too. Overall it's definitely quality of a trade over quantity that matters most in growing your portfolio This is because we cut losses quickly so the gains that do happen need to be good.