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Author Topic: The Virtues of the Great HODL  (Read 1664 times)
Nick Abimanyu
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April 16, 2018, 04:59:01 PM
 #61

The only way, to avoid the loss is we must dare to take risks that are with "the great HODL" for a long time.
It doesn't matter how long it takes or how difficult it. In essence, we should be able to come out as the winners eventually.
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April 17, 2018, 03:47:53 AM
 #62

No matter how down is market now, there is no point of doing selling of tokens/bitcoin/altcoins right now. If we want to have bigger profit, we need to keep HOLDLING no matter what. We don't know until when will this market be like this, there is no exact time but we should learn how to be patient, that is the only key to earn bigger profit that will lead us to success.
I remember sometimes last year when the market got beaten down seriously and I bought doge at 30sats and it got drained up to 14sats, I held and when the market recovered, doge hit above 100sats and anyone can do the calculation. That is always the value of hodling and buying more during the dips, at least it would be more like buying marginally. As long as people keep that in mind as long as they have been holding during the dip, they would be fine.
I remember that was before the fork in August that really caused the first leg of bull run for bitcoin with a lot of traders dumping alts for bitcoin to get part of the fork and also ba a part of the profit in bitcoin. However, the bull run continued until sometime late last year, and the good thing was that I bought some of those altcoins at the bottom, and I was really surprised to see how much I made from those alts later that year.

This is in the perspective of being a trader, but the thing here is that, for those who cannot trade, holding always work better than anyone can ever imagine.
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April 17, 2018, 05:53:10 AM
 #63

No matter how down is market now, there is no point of doing selling of tokens/bitcoin/altcoins right now. If we want to have bigger profit, we need to keep HOLDLING no matter what. We don't know until when will this market be like this, there is no exact time but we should learn how to be patient, that is the only key to earn bigger profit that will lead us to success.
I remember sometimes last year when the market got beaten down seriously and I bought doge at 30sats and it got drained up to 14sats, I held and when the market recovered, doge hit above 100sats and anyone can do the calculation. That is always the value of hodling and buying more during the dips, at least it would be more like buying marginally. As long as people keep that in mind as long as they have been holding during the dip, they would be fine.

Holding always pays you off. And especially if you are holding the coins that have much bigger values. They will never come to give you big profits if you don’t have confidence in them. Like bitcoins, if someone is enough confident on these and hold his coin for longer times, definitely he will be getting much bigger profits at the end of day. You can’t just waste up the whole amount but doing day trading.

Well the thing is, nit everyone has the luxury of time and holding for a long time can't be a part of their plans. Sometimes you have to still react to how the market moves if you can't afford to hodl like others.
These are the cases, we must be able to handle such exceptions and only case, we would be able to make a good impact on the world. Because by then, we will be solving problems and catering the issues of every person. So yeah this is a dilemma especially associated with people who don’t have any other source of money other than this bitcoins. So they can’t hold much more.
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April 17, 2018, 05:54:30 PM
 #64

even my coin lost $$ more than 90%
u know what i'm thinking now?
forget it, i'm not going to touch my coin maybe for 1 or 2 years
when i keep seeing that coin i feeling frustated , then the way i should do now is forget that coin and HODL
That was actually meant to be the idea which a lot of investors would be following rather than letting the whales get them emotional until they panic and rush out of the market even with the loss and that is when they actually end up losing out.

The way to never get emotional with the market is to hold for the long term, buy more if you have the chance of buying the huge dips, and then looking forward to even a better future. However, it is something some people may not see until they get to that position and realize how much mistake they have made.

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April 19, 2018, 11:25:45 AM
 #65

We all agree with the virtues of the great HODL. This being said, if you manage to sell at the ATH peaks and to buy back at around the bottoms you may end up multiplying your money, which is much better Smiley

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April 19, 2018, 11:58:55 AM
 #66

I just realize that bitcoin always show uptrend after I open yearly graph , well that's make me feel regret if only I keep hold bitcoin from 4 years ago, I can manage massive profit about 20 times !

From now on,I just believe and keep HOLD as long as possible

Off course old days are always best one to know how the HODL strategy works the best!! We know all the stories of pizza boy, a waitress and her sister and much more who became millionaires later on when they had the bitcoins in their wallets, doing nothing but just hodling. If that was possible without any future of the bitcoin and no developments at all then I am sure in todays world when the developments are being taken place at alarming rates and there is some future of the bitcoin then HODL is very very important this time and it can bring good stuff.
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April 22, 2018, 03:18:57 PM
 #67

They called it patience is vertue and i second agree with that if you have a good strategy and not greedy in trading im sure your gonna success in the future the best part is for long term trading.
If you cannot even have any patience in any market, it is always very easy to shiver and drop out before you even started.
A lot of people today are so greedy and so eager to just want to make quick money, thinking with cryptocurrency, they can just easily get rich overnight.

If you are not working too hard for it, the only thing is to have some patience until you see the growth and if you want to work hard to reap the benefit of the fluctuation, rather than complain, people should go learn how to trade, but I must say it is not as easy as it looks.

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April 22, 2018, 05:38:46 PM
 #68

In my eyes there comes a certain point where you have to HODL, when your portfolio is down so much that there is no chance that you're going to cut your losses now and lose out on a potentially high amount of profits if you are to stay in the game. The big thing a lot of people miss in crypto is that we have always bounced back (based on our past performance) So there is data to show that we have recovered from these sorts of losses and are going to do it again.

I'm going to HODL, who knows what the others do.




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April 22, 2018, 06:22:36 PM
 #69

In my eyes there comes a certain point where you have to HODL, when your portfolio is down so much that there is no chance that you're going to cut your losses now and lose out on a potentially high amount of profits if you are to stay in the game. The big thing a lot of people miss in crypto is that we have always bounced back (based on our past performance) So there is data to show that we have recovered from these sorts of losses and are going to do it again.

I'm going to HODL, who knows what the others do.
If patience is a virtue, same thing goes with HODLing. It's never easy, but it's the ticket for brighter future. In a digital era where BTC and other cryptocurrencies has evolved rapidly and the price volume drastically changed from time to time causing it to plunge and at the same time very unpredictable, I believe right attitude can have a big impact to face this kind of challenge to gain quality and excellent outcome.
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April 22, 2018, 06:32:38 PM
 #70

In my eyes there comes a certain point where you have to HODL, when your portfolio is down so much that there is no chance that you're going to cut your losses now and lose out on a potentially high amount of profits if you are to stay in the game. The big thing a lot of people miss in crypto is that we have always bounced back (based on our past performance) So there is data to show that we have recovered from these sorts of losses and are going to do it again.

I'm going to HODL, who knows what the others do.
If patience is a virtue, same thing goes with HODLing. It's never easy, but it's the ticket for brighter future. In a digital era where BTC and other cryptocurrencies has evolved rapidly and the price volume drastically changed from time to time causing it to plunge and at the same time very unpredictable, I believe right attitude can have a big impact to face this kind of challenge to gain quality and excellent outcome.
I do somehow believe that it is accompanied with a little luck together with your patience yet there are really scenario which a coin would really be worth to hold on for future but there are always instances on which you should really able to get out or exit on the right time for you to secure out profits yet those coins would able to hit their last ATH. If you do still let your patience/hope and beliefs control you then you would really miss out those chances.

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April 22, 2018, 06:55:29 PM
 #71

I do somehow believe that it is accompanied with a little luck together with your patience yet there are really scenario which a coin would really be worth to hold on for future but there are always instances on which you should really able to get out or exit on the right time for you to secure out profits yet those coins would able to hit their last ATH. If you do still let your patience/hope and beliefs control you then you would really miss out those chances.
The only coin it trust to hold for a longer period is bitcoin and nothing else, if you are able to enter the market at the right time then you will end up profiting, i had made some decent profit in some of the alt coins but once i exit the coin at a profit i never had the nerve to enter once again (i have made some exception in the past with ETH) even when the market is on a correction phase but i will enter bitcoin without a second thought if i get the chance when ever the market goes down, the entry point is always important.
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April 24, 2018, 08:58:48 AM
 #72

We all agree with the virtues of the great HODL. This being said, if you manage to sell at the ATH peaks and to buy back at around the bottoms you may end up multiplying your money, which is much better Smiley
The reason so many people have problem with HODLing is because they are never patient. In this present life that we are, every young man and kids even want to make a lot of money without at least working for it and that easily sets in greed and once anyone is in that world, it is always easy to get emotional and panic easily. For those who understand they are investing for their future and also understand the risks involved, holding is just one thing that comes easy.

The HODL principle is still the best option and determined people will smile in no distant time
To hold for longer duration, yes we must need big determination and patience. We should not get panic and greed as well. Only for the highly determined people, it will be possible to hold for longer duration. All others will get failed when markets falls or pumps down.
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April 24, 2018, 09:23:38 AM
 #73

In my eyes there comes a certain point where you have to HODL, when your portfolio is down so much that there is no chance that you're going to cut your losses now and lose out on a potentially high amount of profits if you are to stay in the game. The big thing a lot of people miss in crypto is that we have always bounced back (based on our past performance) So there is data to show that we have recovered from these sorts of losses and are going to do it again.

I'm going to HODL, who knows what the others do.
Hold till we feel that coin didn't reach its peak, we can certainly analyze it if that coin has a possibility to goes at that price, maybe instincts or just a matter on how the devs will make some more innovation that will make our holding worth doing.
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June 13, 2018, 06:04:11 AM
 #74

rather than being a burden of thought and destroying your psychology you better Stop-Lose it and buy at the lowest price.

then grab a glass of coffee, a walk on the beach, and breathe the awning. then say "Bitcoin to the Moon!"

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June 22, 2018, 06:02:58 PM
 #75

HODL is a process of holding a coin for a longer period of time, I think the best virtue of this is become more patient in all times because waiting is require a long patience to obtain income.
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July 31, 2018, 07:43:20 AM
 #76

It's just like me too, my Bitcoin estimate is reduced by about 45% and it's dangerous if I stop now.
I'd better keep my Bitcoin not to sell.

I always have patience from the first first to know Bitcoin and I'm not too extravagant to spend money on unnecessary things.
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July 31, 2018, 04:26:24 PM
 #77

The downtrend has been a real terrible one as my portfolio  has been down for almost -70% down. Am not really bothered much as I invested what I can afford to lose and I made my research before I chose the coins I invested in. Am holding the coins that I bought for the long term. Its normal for the market to go down as market does not go up continuously and does not come down continuously
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August 02, 2018, 10:31:27 AM
 #78

I just realize that bitcoin always show uptrend after I open yearly graph , well that's make me feel regret if only I keep hold bitcoin from 4 years ago, I can manage massive profit about 20 times !

From now on,I just believe and keep HOLD as long as possible
Long term investment is no doubt a very good strategy,  but it is depending on your investment. If you have a good money to investment in bitcoin for long term then it is no doubt profitable, but investing a small amount of money for a long time is just wasting the time and nothing else.
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August 02, 2018, 10:43:11 AM
 #79

In my eyes there comes a certain point where you have to HODL, when your portfolio is down so much that there is no chance that you're going to cut your losses now and lose out on a potentially high amount of profits if you are to stay in the game. The big thing a lot of people miss in crypto is that we have always bounced back (based on our past performance) So there is data to show that we have recovered from these sorts of losses and are going to do it again.

I'm going to HODL, who knows what the others do.

I agree. This comes down to a personal level, and even so irrespective of that, we all want the same thing and the best strategy to reach that goal is for times like this to continue being optimists and not sell because that will only make the market bear even more. HODLing is very important.

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loof99
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September 21, 2018, 05:42:48 PM
 #80

A virtue of a Great Hodl'er or what it was called is a virtue of a great trader. Practically speaking the one who got the skills and the strategy here is the one who will profit and gain so much of currency. People loss because of not being patience on what they have. Hodl, wait, study and research, choose, sell and but more potential coins or tokens. This is what I got.
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