HODLing will get you nowhere

[mammoniter]

Not really sometimes you don't have to do anything other than to wait because drastic actions may sometimes makes the matter worst than the current situation. For me dealing with cryptocurrency involves a good portion of luck and you may want to play it safe by just holding specially if you loss a portion of the value you invested into.

[Dimple444]

I was also a HODLer and had many painful days/months. I got really frustrated and didn't know what to do. Now I am learning day trading and it has helped me in increasing my portfolio as well as venting out my frustration Of course I needed some help to learn day trading and learnt a lot from Voodoo Crypto community: https://discord.gg/yBmNzRm

[tng811]

It's hard for the price to rise, but it's easy to fall. If everyone is dumping , the price would be dump to near zero and no one will be brave enough to buy and pump the price up again. That's why people should at least take turns to dump and give the market time to recover.

[Politkiw]

I don't like to do day trading , I like hold most . for me this is the main income

[domnablo]

Not right completely. If you are holding coins like BTC and ETH, you will get somewhere (may be millions or billions based on how much you hold ).

[aldrin6697]

If you are holding coins that are new to the market holding can be very risky but if you hold coins that are in top of the market then maybe you can earn better.

[kelamiyoui]

I don't think so and I can not agree with it. Holding is the only one way to be confident in your decision and it is the most reliable and stable way to get income.

[Shinpako09]

Not right completely. If you are holding coins like BTC and ETH, you will get somewhere (may be millions or billions based on how much you hold ).

Yeah but op is talking about ICO and not those coins that is worth holding. It's not a good idea to hold coin/token from ICO because we all know what is ICO and most of them are just shit. So if you find an opening that you think you can make a profit. Don't hesitate, just grab it.

[JaoBadjap]

The past week, as I've been looking to invest in recently finished ICOs since most of their prices are way below ICO price, I noticed the same thing mentioned over and over in their telegram channels.

People screaming: HODL!!!  It will moon someday!!!!

Another one that is common: When BINANCE!?!?! If only we were on Binance!!!


This makes me laugh inside.  Crypto is not a magical place where all coins will eventually rise in value if you just hold on to them.

Most ICOs did very poorly the last 3 months.  The ones that did the worst were the ones that started in January
Now, a lot of these startups are underfunded and could only list in low volume exchanges and seeing their prices crash to ridiculously low prices.
And everyone is crying on their Telegram.

Listen very closely yo: The price will never rise if everyone HODls!

Prices are boosted through supply and demand and if a vast majority of people who own the coin are not trading it, than you are severely cutting in to that chain.

Instead of Hodling, you should be buying and making strategic trade choices.

Hodling for a year or two. would be a good choice, but not as sure as any choices you would do.
some crypto fall after months or year. depends on the factors you need to consider.
and before anything and engaging on trading we need to ofcourse learn.
with crypto, knowledge is power.

[mariomerula]

I think it depends of coin you are holding.. if the project is valid and has a concrete advantage against its competitors probably price will rise fast when market will rise again... ini these cases I think it's better to hold...

[cryptodrumz]

Sometimes holding some potential altcoins is very lucrative and when it finally moon well, one will be happy with one self for making the decision to hold. My trading style has always been to hold some part and sell the rest which pays me alot that way. It's cool.

[fiorilia]

Maybe you only see from the perspective of others. the hold is a good decision can be done, but certainly not only hold the course can be done. certainly, investors still have another allocation to join the ICO and also for trade. so all it can promise and do not consider holding it does not produce. This will be felt when the time in the long run later.

[opobo4real]

After reading this post am now confused I don't even know what to do do now
Wether to  hold my tokens or to dump them immediately I receive them.

[Rooster101]

It will depends on the cryptocurrencies that you are going to hold. Many investors in the past has benefited on holding their coins for long term. There are some coins that are suitable to hold and try to do a research first to find the right coin for your long term investment. HODL is also like trading, you also need patience while waiting for your coins to go up and hit your target price.

[samcrypto]

Not really sometimes you don't have to do anything other than to wait because drastic actions may sometimes makes the matter worst than the current situation. For me dealing with cryptocurrency involves a good portion of luck and you may want to play it safe by just holding specially if you loss a portion of the value you invested into.

Letting your money grow over time is still profitable, especially to those investors who didn’t pay attention much on the price movements of the market. Holding will give you a sure profit especially if you hold bitcoin for at least a year, better to analye the strategy that you will use in this market.

[Podiezdd]

Hold has always been and will continue to make good profits . I never doubted it.

[Cristopherus]

That's only partially true, HODLing can be good when you actually believe in the technology and want in for the later profits. For example i can't be bothered to constantly speculate everywhere.

[abramovger]

I do not agree to this completely. But there are some concerns like it has to be in circulation as a payment medium.

[Catch-22]

HODLing made me a lot of profit for the longest time. It still does and wil continue to do so. That’s the good thing about investing only what one can afford to lose. 

[Dolapoemmanuel]

holding your coins can make you somethings, if you can hold for a long time and if you can be patience for long period of time and then you sell your coins when your coins are at high price and at that time when the market booms