Is HODLINg still valid to make profits

[anti76]

Who has the opportunity to save their coins for a long time is the best option for getting more profit in the future. Those who believe in crypto-currency are simply obliged to do it.

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[Kartika1]

sure it is, especially in the current market state. in the bear market these days cutloss is the worst thing you can do. so just hold and see untill the market recover

[aggress0r]

It's quite unknown. It is a new market. Hodling for promising projects is a decent step and worth investing. But it will work only when crypto bloom will start again (bullrun, new money and investments) and nobody can predict when it would start even in what year. Beside that if it does really start - it doesn't mean that every coin would rise. Some - never. Sad but true.

[QueenW]

In most cases, this strategy is quite effective. If you have picked up a good project that will develop, then its price should only increase over time.

[danice15]

For me this is the best option.Holding is still a profitable option specially in this kind of situation were all coins falls down.Buy and then do a long term until it will be double or triple or more. But it will still depends in your instinct, if you believe that its the time to sell it.Grab the oportunity.Just make the perfect timing.

[Vladique]

HODL is not always the best option, many coins after the entry to the stock exchange very much fall in price and it may never return to the price of ICO, HODL only needs promising projects, everything else needs to be sold

[cryptolord5]

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?

It is all depends on the potential coin which you are holding... If the coin is valuable and has some potential and qualities and warrant holding then you hold to see how it goes. But moreover I think holding can make you millionaire but is by luck.

[btcrich2020]

It completely depends on your strategy and holdings because we don't when the price is going to fall and when the prices are going to increase. So we have to control ourselves when the price is falling because we shouldn't sell them for low prices. Holding will always give us good profit in long run.

[SalmanMJ9]

Trading or HODLing are investment strategies. Obviously, both are valid if you know enough on how to use them and your entry price. If we take last month for example, who HODL GoChain from the first day it got to exchanges would've made over 300% by now. On the other hand, if you HODL ICX which is a very good project for the same period of time you would've lost 30%.

My advcie here, pick a strategy that suits you and spend time to learn more about it and what factors to take into account to pick your coin. Good luck

[loveblack]

of course . it depends on what coins you invest in . in a pile of coins , you need to find the pearls , then hold them for a long time . you need patience . if your choice is right , you can also become a millionaire .

[Muzika]

It will depend on the coin you will hold there are lots of coins out there that the value is stable so you will not be able to earn from holdings, i think if you hold a coin like eth and btc that has really a future in holdings.

[Marcus yoyo]

My suggestion just hold the potential coin to make profit. Like bitcoin,  Ethereum, waves,  XLM, aeternity, etc. If you are wrong holds coin you will never get profit. But you can get loss if you choose wrong coin.

[Asherith00]

Yes it can you a millionaire if your holding is worth to hold in future... I suggest to hold Bitcoins and other altcoins you can be a millionaire of that in a years of holding.

[starblocks]

As long as you're buying when there is significant dips you're likely to be able to return a small profit in the short term

If you're investing for the long term just wait till the market indicates its close to being at its most sold and buy then and HODL

Adopting this kind of strategy can minimize the risks volatility can pose

[putrii]

yes of course with a holding coin you can still make a profit by means of short term trading is valid if you have bitcoin and stuck in bitcoin so you can buy atlcoin after that try to grow the assets although little important can grow your assets.

[nysefloortrader]

trading lost me money and hODLing eth and btc made huge profits.....and LTC i bought at 13 dollars and never sold, so even the market down, this is great...huge profits.

[blozzz]

Yes it can you a millionaire if your holding is worth to hold in future... I suggest to hold Bitcoins and other altcoins you can be a millionaire of that in a years of holding.

This is all certainly in theory, but in practice this also happens. I think now it's best to act on this scenario. Not the fact that this will lead to growth, but the potential in this is greater than in any other actions...

[Ucupers]

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?

Of course, hold the coin is a very good strategy. With a large capital and we invest our profits certainly can also be very large. And all that's proven a lot of people now who are rich by investing in crypto.

[CowboyX]

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

[astridplomp]

i still think holding is not a god way to earn profit, it just another way to increase profit for long term, any investors who work for living by holding then holding wont be a good choice when the amount of profit we can get a month is too small for our bare living, so if you want to have money everymonth, then holding is good choice, but want to have huge profit, then trading is the better choice.