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pinoyden
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February 09, 2018, 08:21:40 AM |
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Every one is suggesting the holding because they have know the the crypto behavior if you have purchased bitcoin in the past a higher price than now then the holding is better than the selling of bitcoin it is highly good and profitable when the price rise there is a chance of selling at a high price if you are not welling to sell then you can use this for another purpose as well. The market movements and the people are now coming to the bitcoin for making the profits.
just because everyone is saying hodl does it mean they are right and should be followed? Hell no, not all the times their predictions is correct because they are also humans and they cannot posibly see or predict on what will happen on the crypto market. You should still the one who decides on what to do because that is your money at the first place. just always remeber that there is always a risk on everything therfor you better know the consequences before you venture the unknown road. |
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"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
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serjent05
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Activity: 2842
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Cashback 15%
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February 09, 2018, 08:34:22 AM |
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Every one is suggesting the holding because they have know the the crypto behavior if you have purchased bitcoin in the past a higher price than now then the holding is better than the selling of bitcoin it is highly good and profitable when the price rise there is a chance of selling at a high price if you are not welling to sell then you can use this for another purpose as well. The market movements and the people are now coming to the bitcoin for making the profits.
just because everyone is saying hodl does it mean they are right and should be followed? Hell no, not all the times their predictions is correct because they are also humans and they cannot posibly see or predict on what will happen on the crypto market. You should still the one who decides on what to do because that is your money at the first place. just always remeber that there is always a risk on everything therfor you better know the consequences before you venture the unknown road. Well prediction maybe wrong today, but it maybe correct tomorrow. That is why people suggest holding because the Bitcoin market is still very promising and the moment you let go of your coins today and the next week it soar high (the price), you have lost your profit. Aside from that, it is not always wise to sell your coin after sometime when Bitcoin started to dip, best time is sell before the price goes down and buy back at the bottom. Selling Bitcoin at the bottom of its price is never been a wise decision unless you really need the money. |
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darewaller
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February 09, 2018, 08:46:44 AM |
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Hi all,
I have a really simple question or so seems to me cause i am a crypto noob.
I really do not understand why almost everybody suggest to hold when there is a dip or correction.
With my simple noob logic i think that when there is a dip someone could sell at the start of the dip or do something else (e.g. buy tether y i know the rumors or something similar anyway) and then buy again later when the correction has stop or decrease.
Obviously no one knows when there is a many days dip and when it will end in order to buy but even so one can save much money just for sell and buy in between even without predict the absolute start and end of a dip.
I hold as everyone suggests but i now realise that if i had sell even a couple days before even yesterday-and not right after the start of the dip and buy lets say now i would have save a bunch of money relatively with what i am doing now which is hold.
I really must be missing something since i am crypto noob orelse i cannot explain why everyone suggest hold while i fear that real pros are doing the oppossite.
I would like to ask only experienced people who know what they are talking about to give their opinions cause i am fed up reading pseudo crypto pros everywhere around. I bet many of you understand what i mean. Everybody has become a crypto pro . Well i am a crypto noob and i need your heads up.
Thank you for your time reading this and excuse my lame English.
Regards.
The reason people will tell you to hold is because there is still hope and very soon, Bitcoin will rise back up. This is a normal thing, and also we are still in the early time of the year, so we shouldn’t be talking about price rising yet. Bitcoin has made a heavy run in 2017, and took a break at the end… so we should just have patience and see what happens. You might withdraw and miss the next opportunity. |
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South Park
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February 10, 2018, 10:05:15 PM |
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Almost all of the people suggesting to HODL have been involved long enough in the Bitcoin market to witness it grow from a three figures to a five figure value in the past year and it comes as no surprise that they would suggest everyone to HODL in this bearish trend. The eventual rebound is bound to happen sooner or later and those who would've held on patiently will be the ultimate winners.
In any market, including the cryptocurrency market, every investment or venture is often done for the sake of profit, thus, if you would sell or get rid of your assets when the market is down would actually defeat the purpose of why you're investing at all. I doubt that a person would invest just to see it burn to ashes and amount to a loss, which means that, why would you sell when you can get zero profit from it, or worse, a negativeven profit. Holding is the best move to do and just wait out the fall down. It is incredible how fast people forget the reason they got into crypto in the first place, any investment no matter how big or how small is done to make money out of it and selling when the price has dropped is a fast way to lose money and never get it back, if you bought at a high price then we mus hold, after all is not like bitcoin is going to disappear, bitcoin is still as strong as it was a few months ago so the price will recover with time. |
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gastonebertier
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February 10, 2018, 10:21:14 PM |
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Because almost everybody knows that the crypto world is in a continuous expansion, and so the crypto are meant to be used and their value arise. obviously the important thing is to know wher to invest
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zemb
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February 10, 2018, 10:56:09 PM |
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Because holding is the safest way than short trading. I would be that simple if you knew, that it will fall even more tomorrow or next week. So I guess it's safer just to hold.
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Sir Cross
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February 10, 2018, 11:50:26 PM
Last edit: February 11, 2018, 04:40:46 AM by Sir Cross |
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I think they suggest to hold because they are expecting that it will grow higher and they get some or they can make there investment doubled.
This is also a test of patience but of course there is corresponding consequence. You must be ready for it.
Their confidence in bitcoin makes them believe that they will have high profits in the future. If they believe there to be potential in the coin, then holding it would yield to huge profits in the future. This encourages them to hold btc or even other coins for a long period of time. Also, holding has less risk as compared to short or day trading. If you have the time and patience not to spend or use a coin, then it's best to hold since there is the chance of gaining more profits in the future. There may be chance of losing but in the long run, holding would be worth it just like how it did for the early adopters of BTC. |
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s.mahmood
Newbie
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February 11, 2018, 06:40:06 AM |
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Every body has effected by penic when the market is going to low.Many investor try to sell their coin as a result all are seller but no buyer.I think it is wise advise that hold your coin because penic sell dose not bring advantage except disadvantage. so I hold your coin and observe some days.
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Owl129
Member
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Activity: 203
Merit: 10
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February 11, 2018, 07:39:20 AM |
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Commonly when the price is low we will assume to sell our coins before we totally lose it, but its the other way around yes as of today the price of most coins are down but we all know the price of those coins are volatile, and there is a hugh probability that it will increase it price so we are just holding what we have so that when the price increase we will earn a lot of profit. Though it is risky i believe in the coins i invest in so its just a matter of taking risk.
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susuberuang
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February 11, 2018, 08:20:14 AM |
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Hi all,
I hold as everyone suggests but i now realise that if i had sell even a couple days before even yesterday-and not right after the start of the dip and buy lets say now i would have save a bunch of money relatively with what i am doing now which is hold.
Regards.
yes the statement you have is true because if they sell and panic then they just get a loss, a trader must have a very high level of patience to not easily affected with others and not easily panic. |
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MiF
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February 11, 2018, 08:42:18 AM |
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Hi all,
I hold as everyone suggests but i now realise that if i had sell even a couple days before even yesterday-and not right after the start of the dip and buy lets say now i would have save a bunch of money relatively with what i am doing now which is hold.
Regards.
yes the statement you have is true because if they sell and panic then they just get a loss, a trader must have a very high level of patience to not easily affected with others and not easily panic. Well everyone really think that holding is the best thing to do right now because it is really profitable to hold than to sell in a panic way.I believe that holding is really great specially when the price dump many of us here maybe has an experience of gaining a huge amount because they really wait for the right time to sell during the price rise. |
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Malamok101
Full Member
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Proof-of-Stake Blockchain Network
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February 11, 2018, 09:56:00 AM |
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it's important to hold altcoins, tokens or bitcoins. When the bitcoin price goes down you really need to hold one of them because you need to wait to increase their price.
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mai_mirai
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February 11, 2018, 10:14:55 AM |
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Because bitcoin value really drop so much percent now, I think many people buy bitcoin in high price. So if they will sell now this can make they will lose their money, so I think hold is best way to minimize their risk and just patient wait until bitcoin price will rise up and reccover again to sell it.
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iv4n
Legendary
 Online
Activity: 3136
Merit: 1172
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February 11, 2018, 10:21:47 AM |
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it's important to hold altcoins, tokens or bitcoins. When the bitcoin price goes down you really need to hold one of them because you need to wait to increase their price.
No, its because the safest way to make profit is holding. Basically you don't need to do anything except buying and storing, profit will come in time. When you day trading your risks are big, you need to follow so many news, every price movement can be bad for you if you didn't predicted it right. With bitcoin market you know it will grow over the time and just with holding you can make a lot of profit. Can you think about people who bought on 1$, how many ups and downs they had, but over the time they are in great profit now, aren't they? Now think about price on 5 years, 100000 dollars? Until that price we will have many ups and downs, who trade can lose money, who just keep bitcoins will have more then x 10 from now. |
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Seeker#9
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February 11, 2018, 10:32:41 AM |
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Hodl is always considered as the best strategy for long term profit. It is used also by some well-known and successful businessmen/traders in the stock markets. It is also proven useful in cryptocurrency trading and many bitcoin users who use to buy the coin at lower price and hold it till the price go high. When coin prices are going down, try not to overcome by panic selling, hodl and remain calm. Hodling can also risky and be sure to buy only coin that have the potential to grow in the future.
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AlienSeeker
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February 11, 2018, 10:38:59 AM |
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It is already commln sense why do we need to hold because altcoins or even bitcoin is in low value and it is in blood path. We suggest to hold because if you sell your bitcoin or altcoins, you can lose your money and even your investment. It is not helping in to marketing of cryptocurrency to become a panic seller. For me, I suggest you to buy more because this is the chance to have agreat value of altcoins and bitcoin too. In the future, they will rise again and I think now they are beggining to increase again hopefully.
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proTECH77
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Bisq Market Day - March 20th 2023
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February 11, 2018, 10:57:15 AM |
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The people that suggest holding, are simply those that believe that the currency has a good prospect and the ability to rise again in the near future. Most of them are optimistic and therefore, do not see the recent crash as a thing of worries.
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Washball
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First crypto index traded as a token!
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February 11, 2018, 11:06:34 AM |
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In the bitcoin community there's one specific philosophy and that is: hodl. Holding will prevent or slow down the price from dropping. But in an investor's point of view, you Sell high and buy low. If traders and investors sell when the price is high, the price will drop and then they could buy again.
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alisaadat60
Jr. Member
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Activity: 87
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Let take a look on coins
btc is more than 100 times since two years ago
eth was 7$ last year and where it is now?
last year waves was only 12 cents and this year it was more than 17$
NEM DGB SC and others have a similar story
only hodl and don't sell cheap
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01asd
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February 11, 2018, 11:34:53 AM |
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In the bitcoin community there's one specific philosophy and that is: hodl. Holding will prevent or slow down the price from dropping. But in an investor's point of view, you Sell high and buy low. If traders and investors sell when the price is high, the price will drop and then they could buy again.
First of all, investment do not need a lot of effort. You do not need to predict, analize, and do some various research to some currency. Second of all, you will get more possibilities for profit rather than short-term trading. In the world of investing, you just have to hand over some money and wait till you get a profit. If you do not get a profit or not get profit, you have to wait longer until you get a profit. That's all you need to do, ie wait. If you ask about this situation that we all facing right now, you just need to hold because we already knew that the price of Bitcoin will go up sooner or later. Especially for some people who already know Bitcoin for years, they usually have nothing to worry about. |
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