The Virtues of the Great HODL

[coinbureau]

Yes, markets are crashing. Yes, it feels pretty depressing to see digital wealth collapsing in the front of your eyes.

Yet, this goes against the notion of the HODL entirely. If one were to look at the entire history of Bitcoin and crypto, there have been similar corrections. These always usually happen around January. The market shakes out the newbies and those that panic tend to get flushed out.

https://www.coinbureau.com/analysis/virtues-hodl-market-crash/

There are also suspisions that these could be large whales that are trying to spook the market and profit on large short futures that are currently on.

Either way, the Hodler does not let fear and short term market movements drive his / her investing decisions. I know Warren Buffet does not like crypto a lot but he said "if you cant lose 50% of your investment in a stock and still be confident in it, then you shouldn't be in that stock"

Are there any fellow hodlers here?

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[yomarve]

Portfolio down abt 88% but can't sell now. It doesn't make sense. It's better to hold on the down trend isn't new but this magnitude is something new. Volatility is been explained in a new form.

Hold on

[Captain_Planet]

My portfolio is down to earth as well but I am not selling anything, I might buy in this dip but currently I am waiting for an altcoin dip.

[1NV3ST0NM3]

Yes, markets are crashing. Yes, it feels pretty depressing to see digital wealth collapsing in the front of your eyes.

Yet, this goes against the notion of the HODL entirely. If one were to look at the entire history of Bitcoin and crypto, there have been similar corrections. These always usually happen around January. The market shakes out the newbies and those that panic tend to get flushed out.

https://www.coinbureau.com/analysis/virtues-hodl-market-crash/

There are also suspisions that these could be large whales that are trying to spook the market and profit on large short futures that are currently on.

Either way, the Hodler does not let fear and short term market movements drive his / her investing decisions. I know Warren Buffet does not like crypto a lot but he said "if you cant lose 50% of your investment in a stock and still be confident in it, then you shouldn't be in that stock"

Are there any fellow hodlers here?

Only in crypto market you will see your fund in BTC going down from $4k in the morning to $3k in post dinner and still you can do nothing about it. Reason? Optimism. We all believe in BTC and crypto market at a whole and think that they will prosper in long terms. A very big example of a virtue of a great HODL is the Btc itself. People who earned hundreds of BTC don't really despair with such corrections because they are still rich.

[Yaunfitda]

Portfolio down abt 88% but can't sell now. It doesn't make sense. It's better to hold on the down trend isn't new but this magnitude is something new. Volatility is been explained in a new form.

Hold on

Correct, my portfolio is also down, funny this is, before the slump, I have thought of moving some funds and cash it out. Unfortunately, the crash happens, damping my chance of doing it, so I have no choice but to Hodl tight right now.


I believed that most of us here are really for the long haul, specially in bitcoin. This is just another test and I'm sure that it will be pass with flying colors again. We have so much optimism that we can recover from all of this. And for long time holders, this is not new to them. I'm sure that they are not shaken, only those who are really weak and afraid of the situation will really do the opposite and sell while the price is going down.

[Idrisu]

Yes, markets are crashing. Yes, it feels pretty depressing to see digital wealth collapsing in the front of your eyes.

Yet, this goes against the notion of the HODL entirely. If one were to look at the entire history of Bitcoin and crypto, there have been similar corrections. These always usually happen around January. The market shakes out the newbies and those that panic tend to get flushed out.

https://www.coinbureau.com/analysis/virtues-hodl-market-crash/

There are also suspisions that these could be large whales that are trying to spook the market and profit on large short futures that are currently on.

Either way, the Hodler does not let fear and short term market movements drive his / her investing decisions. I know Warren Buffet does not like crypto a lot but he said "if you cant lose 50% of your investment in a stock and still be confident in it, then you shouldn't be in that stock"

Are there any fellow hodlers here?

I am still holding my Bitcoin and even if the market dropped to $1,000 I will still be holding because I believe in bitcoin and I always said to my friends that the future of bitcoin is bigger than whatever is happening now. If the whales are manipulating the market because they what to dump the market so they can buying cheap I will not still sell because of that. I will encourages us to keep holding and by June or July we would not regret were the Bitcoin prices will be.

[Hannahanto]

Portfolio down abt 88% but can't sell now. It doesn't make sense. It's better to hold on the down trend isn't new but this magnitude is something new. Volatility is been explained in a new form.

Hold on

Correct, my portfolio is also down, funny this is, before the slump, I have thought of moving some funds and cash it out. Unfortunately, the crash happens, damping my chance of doing it, so I have no choice but to Hodl tight right now.


I believed that most of us here are really for the long haul, specially in bitcoin. This is just another test and I'm sure that it will be pass with flying colors again. We have so much optimism that we can recover from all of this. And for long time holders, this is not new to them. I'm sure that they are not shaken, only those who are really weak and afraid of the situation will really do the opposite and sell while the price is going down.

Me too have to hold back the coins I have. I was supposed to exchange it last week, but held back due to the high transaction fees but now even the value crashed down. Completely erased the thought of trading instead planned to buy few more coins and hold back trusting on their growth in short while. Hope to gain a decent profit.

[campbell.box]

It's not a wise choice to sell when you're down!

[surfinonmyownwavebaby]

Fellow hodler here of course, my first reaction to the markets like this is hmm who is trying to shake me out of my bags. And my second reaction is good effing luck I ain't going nowhere homie . Yall can keep trying to get me out but I am hodling for that long term game don't need that liquidity yet .

[Fundamentals Of]

Count me in. The great HODL has already proven its value countless of times for the past several years. There is no point doubting the wisdom and experience of this strategy. The ride with the great HODL is really bumpy but the returns are more than worth the ride. There will be so many corrections along the way, dumps and dips, but in the end we will be looking back down the road with a smiling face and a bulging wallet.

[MinerHQ]

Portfolio down abt 88% but can't sell now. It doesn't make sense. It's better to hold on the down trend isn't new but this magnitude is something new. Volatility is been explained in a new form.

Hold on

It looks like you might have a lot of altcoins so you lost 88% of your money. If you hold some good altcoins like ETH, NEO, LTC and etc you wouldn't have lost so much money. But nothing to worry because all these are good experience and crypto still need to go very long and you will surely get a chance to improve your skills to make more profits. If possible you can try to buy some at these dips so that you can recover back your losses faster once market starts moving up.

[NeverSop]

Portfolio down abt 88% but can't sell now. It doesn't make sense. It's better to hold on the down trend isn't new but this magnitude is something new. Volatility is been explained in a new form.

Hold on

You will not lose if you have not sold out to get back too little money. Please keep the coin you have, do not sell now you will regret later. The market is rebounding and everything will be stable in the next few days so the calm in the market volatility is a very necessary element for a trader. I believe hold is the best investment in this time.

[TeamUp]

I was waiting for this price down since my friend told me, almost every January BTC price will be drop down and it would be the best chance to profit, then 2 days ago market price start to turn red, good coins start to drop down by 15%, and thought to myself this is the moment, use all my reserve funds to buy coins, then yesterday market price drop down drastically! F^*&CK!!! If only I knew that 2 days ago price drop down is only tip of an iceberg!!

So to my fellow HODLer! A little bit more and the market is recovering

[alyssa85]

I am still holding my Bitcoin and even if the market dropped to $1,000 I will still be holding because I believe in bitcoin and I always said to my friends that the future of bitcoin is bigger than whatever is happening now. If the whales are manipulating the market because they what to dump the market so they can buying cheap I will not still sell because of that. I will encourages us to keep holding and by June or July we would not regret were the Bitcoin prices will be.
[/quote]

Even if you believe in bitcoin, it never hurts to take profits when you see an extraordinary move upwards. Those who sold at around $16,000 -$19,000 are now able to buy back much more. Food for thought for next time it pumps...

[Davinus]

Portfolio down abt 88% but can't sell now. It doesn't make sense. It's better to hold on the down trend isn't new but this magnitude is something new. Volatility is been explained in a new form.

Yeah well, yesterday i was in a huge lose of more than 70%, and i am fine at all, i am not thinking about selling everything because it makes no sense, it is just like giving your entire portfolio to anyone just for charity, i do not understand why a lot of people are always selling everything when they are down by more than -50 or -70 percent.

[nc50lc]

Even if you believe in bitcoin, it never hurts to take profits when you see an extraordinary move upwards. Those who sold at around $16,000 -$19,000 are now able to buy back much more. Food for thought for next time it pumps...

That's why it is always good to "Swim with the Whales"
The Virtue of Hodling only applies in a Whale-free market, not in our markets.
Even P&D groups are infesting those exchanges.

At least in the long-term, if digital currencies become successful, your perseverance will pay off.
So if you're into Hodling, better stay away from these market crap™ news.

[qiwoman2]

I am hodling as well. I also wanted to cash a little bit out to do some things I needed to do for the family but now unfortunately I am just resting on my bags lol.  I am currently 60% down on last week's ATH and it really sucks but I got no choice now but to be one of the 300 SPARTAN HODLERS of hardcore crypto enthusiasts. Oh well, can only wait patiently for the next bull run which unfortunately I don't see it coming any time soon.

[henriquelb]

Holding is the real way to make money in here, if you are in here to make a few pennies a day only just for "trading" then let me tell you that you are seriously wasting your time in here.

Just go out, and buy some cryptos, keep them for a while and you will see how much money have you earned.

[inskraer]

I hold portfolio and not selling even when the market drops and I do not panic when he went out to minus by 50%

[Bezobraznike]

   I hold too! I watch prices daily, but I do not get upset by the
downtrends, I plan to hold for years!
   I am buying more. This times are awesome for buying more,
nothing big, how much I can.
   January is behind us, and after a month looks like price is slowly
recovering. New things happen, I think some Bitcoin meet ups this
year will bring some good news, they are announcing big contracts,
and great new ideas.
   I am holding and I enjoy watching how Bitcoin spread influence.
I believe that we are at the beginning, things will get much hotter in
the future for people who hold crypto-currencies!