HODL or SODL?

[Kurokonobasuke]

What is your trading strategy right now?

Given thaf its market value is falling, it will be obvious that selling would not be a good option. Holding will be a much better idea because dumps are just temporary. Its market value will eventually increase, the only problem is that we don't know when will it exactly to happen. But also, patience is a virtue so just hold.

[sjefdeklerk]

The future of bitcoin just looks SO bad, I honestly really don't understand why some of you guys seem to be so positive?

Or you just fail to understand how GOOD the future looks, and that clearly shows when it comes to your lacking confidence in LN. Another thing is that altcoins aren't any better, and even worse in most cases. The sole reason the majority of the altcoins can still operate with lower fees, comes mainly from the lack of actual usage. If you can't fill up your blocks, there is simply said not enough demand for block space. BCash want to make things even worse by having their block space even further increased, and that while their blocks in current time and day are near empty. In order to have that block space scarcity, Roger is better off massively decreasing their current block space, otherwise they will never have full blocks.

And then there's the hacking and fraud which are HUGE problems. If your bank gets hacked and your money stolen, your government will have your back and reimburse you. If your BTC gets hacked, who are you going to call? And I'm not even talking about quantum computing.

Hacking and fraud a huge problem? Simple solution is that you avoid making use of centralized services, and start using one of the available hardware wallets to increase your security. Bitcoin gives people full control over their value, so you are supposed to properly take care of that in the best posible manner. If that's too much responsibility for you, then you have the option to use centralized services. Coinbase offers a bit of insurane, where in case they suffer a loss affecting their hot wallets, you are covered for the entire amount that has been lost. I am however not exactly sure if they will pay you back the digital assets that are lost, or just the value in fiat. If even that isn't enough, then you probably should just remain a slave of your bank.

And I'm not even talking about quantum computing. If this succeeds ALL blockchain currencies will instantly be worthless.

Damn, what did crypto do to you? I feel there is a heavy load of bitterness that you try to cover by going all out against it.

But this is exactly what I mean. You don't counter my points with even 1 single argument. You only say that I'm bitter and that altcoins aren't better. Ok you do make 1 argument about moving coins to your own wallet, you can indeed increase security that way but still, your own pc can get hacked too, my point was that with banking money you have free insurance, with BTC you have none. When it's gone, it's really gone.

Anyway it's interesting that people can post NO argument against my points. And still, there are all these people here that are somehow convinced that HODL is a good strategy. I find that really interesting.

[Alanpigi80]

My strategy is to accumulate as many coins as possible of the best projects and hold until 2020.
I think that only the best projects will survive in the long run, say 5% of everything we see today

[bnok]

HODL !

Buy if u can and the price are low 

[Taki]

Must be SODL chose only those people who think "better to sell now to have at least something till the price didn't go even lower". Call me a believer, but I use to believe to those experts who say that it is just a moment of time and this year we can expect the price over than 40000$. This is going to be the perfect target for my holding and I do not plan to make a move before that happen.

[batang_bitcoin]

Before it failed but with the current situation fees are down again and speed of confirmation as increased so its good as a payment system again.

But that's just because people have stopped using it.

You are generalizing your whole idea. How about those companies that are still accepting bitcoin payments? Did they stopped using bitcoin? I don't know why you have that much hate with bitcoin. No one is even forcing to hold or sell your bitcoins or if you don't want bitcoin just get rid of it.

The future of bitcoin just looks SO bad, I honestly really don't understand why some of you guys seem to be so positive?

You are entitled with your opinion though.

[sjefdeklerk]

You are generalizing your whole idea. How about those companies that are still accepting bitcoin payments? Did they stopped using bitcoin?

The number of companies accepting bitcoin is actually dropping indeed: http://www.businessinsider.com/merchants-arent-accepting-bitcoin-2017-7

[entrepmind23]

I hold my bitcoin but I have some that is for trading. There are still many opportunities out there even though the market is down. It is the best opportunity to buy because prices are down so it is like a sale and if you already bought some of your favorite coins then it would be the time to average down so that when price reverse, they would be in the green again and you will have bigger gains. If you entered early in the bitcoin scene then most likely you are still in profit but if you entered late last year then most likely you are at a loss now so just hold and then maybe buy more if you have funds to average down.

[NavI_027]

It's too late to cut my losses so I'll go to HODL, there's no turning back. I'm just hoping that btc will rise soon because if not then bye bye to my Gadget Goals.

I'm SODLING. The only thing I know for sure is that bitcoin is going to die, so I just keep my shorts. Predicting the little waves is too hard. So best to just keep short.

I respect your decision if you are going to sold your coins but no offense sir, I can't accept your prediction that Bitcoin is going to die. It doesn't mean that btc is going to end just because of its large drop. Well, I understand that you have your own freedom of expression and I know that I don't have the right to interfere it but at least next time try to become careful to your assumptions and lessen being too confident since you don't show a strong basis and the mere fact that you are opposing the majority

[fireblond]

Lets not forget this isn't the first time bitcoin has crashed significantly with high percentage losses, and as usual it always rebounds. Now as for the OP I would go for HODL and BODL (Buy) As I am still a firm believer that bitcoin will reach an all time high at the end of this year. As for the BODL though I would give it some time as it might drop even further before getting back on its feet.

[jubalix]

I understand the need to SODL for expences.

The zoom out graph though shows how you  can be badly disciplined for SODL, or rather trading over HODL and its to hard to predict when the next evaluation jump will be.

I would love to trade, but the risk is so high of making a fraction of hold. In a mature market sure trade, this is not that.

[truongdhnh]

What is your trading strategy right now?

My trading strategy sell and buy to hold back. When I feel bad, I'll cut my losses. Many cases are inaccurate, but overall okay.

[shaheer001]

My strategy is i always for the time the coin/token return me enough profit normally 500% to 1000% but i never sold all coins i sell 80% and put the remaining 20% back in safe wallet for other boost in price but some time if i need for payments of bills then only sell equal to required bill payment amount.

[criz2fer]

HODL !

Buy if u can and the price are low 

For people have a lot of cash for  investments, this will be more applicable. But for a beginner that having a minimum resource, SODL will be a perfect strategy for it because rather than risking you investments that may not recover in terms of bouncing back.

[Nosk]

BODL !!

I mean, BUY !

[Clairee Aimee]

sodl and send to another country..

[trickyriky]

My strategy is to accumulate as many coins as possible of the best projects and hold until 2020.
I think that only the best projects will survive in the long run, say 5% of everything we see today

I can only envy your patience, as for me it will be not easy to hold Bitcoins and altcoins for 2 years. The desire to sell alts and BTC might overweigh the practical approach to this business. I hope I can hold crypto until 2019 at least.V

[eann014]

my strategy especially now  only hold
all my wallet lost about 20-30 percents((( that s why -HODL

Usually  I buy and keep for 2-6 month. depends on coin

You can also buy now, because bitcoin now has drop and most of big investors afford to buy bitcoin now and wait for it to increase again so you can gain more bitcoin in the future, some of us still positive about bitcoin because they say that how many time that bitcoin price drop but still remain in the top! I think that is true. 

[el kaka22]

My strategy is to accumulate as many coins as possible of the best projects and hold until 2020.
I think that only the best projects will survive in the long run, say 5% of everything we see today

I can only envy your patience, as for me it will be not easy to hold Bitcoins and altcoins for 2 years. The desire to sell alts and BTC might overweigh the practical approach to this business. I hope I can hold crypto until 2019 at least.V

He is very right. At the end of it all, that pays a lot, because it will take only a weak investment to be in the same position for a long time without even increasing a whole lot in value. It is always better to buy most of these coins like we have them now at dips and then look forward to those sweet and best moments. There is really nothing as sweet and cool as seeing your investments grow over time and even if they experience corrections, they can never get bad.

[severaldetails]

My strategy is to accumulate as many coins as possible of the best projects and hold until 2020.
I think that only the best projects will survive in the long run, say 5% of everything we see today

I am convinced your strategy will work. The mini coins and the ICOs I think as well they will not make it. The world does not need tons of cryptocurrencies. They were all create only by the purpose to draw money out of the pockets of the small investors. That will either be closed by laws or by the sense of the people.