Is HODLINg still valid to make profits

[bitlyra]

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, you surely will. More coin holders here have become rich because of holding their coins. From a cheap and dumb value coins to high valued coins. This holding coins is still effective and valid in making profits.

[Mr.Junker]

if I have to look at case by case, if it's a bitcoin or ethereum it would be nice if we hold bitcoin or ethereum for a long time, many even suggest to keep bitcoin or ethereum and open again after the next few years to avoid panic due to dump and pump. But if what we are talking about is another altcoin case other than the two above may be different, nowadays many altcoins are just doing popularity to get high scores, this is probably what you need to watch out for and need to be careful to continue the investment. Two crypto currencies that I consider to hold for a long time are bitcoin and ethereum. maybe some more like litcoin, bitcoin cash, zcash, ripple or xlm but according to my belief maybe only 2 above that can hold in a long time. actually I hold also xlm and bts because I believe the two coins above can be better in the future.

[btcoininja]

Holding makes sense if you are convinced about and project viability. You to have track project closely.

Any bad news can cause wild swing.

[rkrams]

If you are a person with no trading experience its best to Hodl for long-term after you have thoroughly researched the project and only invest the amount you can afford to loose.

Another strategy could be to keep selling 10% of the coin with every 100 % rise till you reach 50-25% and then HODL this way you wont have much of FOMO as well as ATH feel.

plus you can reinvest part of the 10% you sell in other promising projects and grow your portfolio.

Patience and thorough research is the key.

[imsotiredofmoviereboots]

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?

Thing of the past? Actually, short term trading or day trading has  a much more possibility of losing than doing long-term. I've got some cheap coins bought in the first months of 2017 and now I'm getting an astonishing result.

[miningguru]

Holding is the best opportunity for people to make some decent amount of money, in the beginning, might be some dumps after listing in the exchanges. So it is always good to hold as long as possible to make 2x on the investment you made.

[cryptoekn]

it is and risk free.. however, if u are a risk taker and wanted to easy a daily profit instead of waiting, rather go for trading

[ramzhies]

longer holding period though.. and patience is a must

[unsquidly]

Yes of course, i have friends that are doing this up until now and some of their alts have pump way too high but of course there are some drop its value below the price they paid for. I believe in the upcoming year hodling is still essential for traders.

[mybtcasset]

If the company has potential and growth in terms of development then it is possible for holding the coin long term because there is a huge chance the price of the coin will increase along with their developments.

[Filthy1]

my advice Hodl a few keepers day trade others simples

[vKedax]

I keep coins. I will deal with trade if I learn. Storage, in my opinion, is safer at the moment.

[sehoon]

Bitcoins and altcoins values fluctuate really fast. They go down in a short-term but goes up for a long period of time. So I think it is still valid to make profits just by hodling coins.

[zmijomanija]

Hi,
I appreciate if you can explain quoted strategy in more details...

Another strategy could be to keep selling 10% of the coin with every 100 % rise till you reach 50-25% and then HODL this way you wont have much of FOMO as well as ATH feel.

Thx

[Kgdktac]

Hodl is a valid if a coin is undervalued, is with a lot of potential. Coins like Eth, neo, btc will ultimately grow more as long as their uses endures and so does all the other alts who's lucky to have a real world purpose.

[CryptoBuds]

Sometimes holding is the best strategy for making a profit. Just open the graph of popular coins for the year and you'll see if it's suitable for you)) If you are not a very experienced trader it's the best strategy.

[Ethirald]

Hi,
I appreciate if you can explain quoted strategy in more details...

Another strategy could be to keep selling 10% of the coin with every 100 % rise till you reach 50-25% and then HODL this way you wont have much of FOMO as well as ATH feel.

Thx

I think he means to sell a portion of your altcoin once in a while, for example when you reach 2x value, you could sell an half of your holding, so you have your investment free as a result of this operation.

Now you could take profit and take that money, or you could use that sum to reinvest and diversiy you portfolio.

I hope it is more clear now

[altcocollector]

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?

I have answered this time and again. It completely depends on what coins you are vesting in Long term Hold coins or Flip coins. Long term hold coins are solid projects with an actual use case and a detailed roadmap. everything else is pump and dump aka Flip coins. Decide yourself!

[kendra1107]

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?

Holding for three to four month is about suffficient to see how a coin would prosper in the market. This is usually the holding period for most coins to show their potential. This is also usually the best time for a trader to make some profit.

[orkoso]

For a long time I have learned that in a market as volatile and unstable as this, it does not make much sense to stick to the long term holding. I was fortunate to sell a good part of my coins at $17,000 and $18,500, which is why this fall has not affected me significantly. I can not be happy about this disastrous scenario, but I have learned that love is given to people, not to coins.

I could not say it better, you need to know if a market is overheated, if it is growing more than it naturally should and be brave enough to make the tough decisions before you have to pay for not doing so.