HODLing will get you nowhere

[jagdeepjd]

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.

Very much agree with you especially last 2 points simply holding a coin won't help in its growth and people need to trade it and ups and down will make it more likely to grow in future. But yeah sometimes if you can't trade then holding it for the long term may be fruitful for you in the long run.
obviously, in the current scenario, no one will agree to this but if you look long term say 2020 then this phase of 2018 will be a minor downtrend in the long chart and the people holding/surviving through this will see an impeccable gain(obviously not on all the coins).

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[5stringer]

I accept you're wrong on what you have said to "The cost will never rise if everyone HODls" Instantly this was a particularly powerful to help progressively the fight since it will assemble the free market movement of ICO in light of a lot of money related pros will attract to place assets into an undertaking. In case that ICO are not in comparable cases I figure it could be a shitcoin also.

[belcini]

I am forced to absolutely disagree with this statement. After all, from my own experience, I can say that the main part of my income was due to the correct strategy of holding reliable coins with good potential. And now I do not regret choosing such a strategy.

[smoker36]

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.

I believe that holding coins can be a very profitable and promising strategy, but under two conditions. First of all, you need to correctly choose promising coins with a good development potential. And the second condition - you need to guess with the right time period, when the price increase is expected.

[MR_Klip]

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.

From my personal experience I can say that holding coins can be a very good choice. Of course, everyone chooses a suitable strategy depending on their knowledge and preferences. But for me personally, hold was the best strategy of work, if you choose good coins for investment.

[allanr]

yes I really agree with the point where "just hold it", because there is nothing if only just hold it. instead it will make prices fall and worse.

It takes the role of a trader in a coin ecosystem to keep the value of the coin stable and even rise.
all depends on the role of the trader. there must be a supply and demand. vice versa

[hetecon]

Not all coins are worth buying in the long term. I think that most of them are only suitable for day trading, because there are a lot of coins, which are too unstable.

[funkenschuster]

I truly believe this isn't right. In the event that anything, hodling is one thing that can influence you to gain as much as you need to in this industry. All that is required is your understanding and your opportunity. Your coins have more opportunity to show their potential and give you extraordinary incentive for your cash. I truly do thing that hodling your coins is extraordinary compared to other choices you could make in the market.

[glowing10]

I think it depends on what coins are we holding, i am not gonna hold those coins which i think dont have a future. I am a hodler , i am scared in trading and i hope someday i can gain more profit and make my life easier 😉

It depend upon that only as if you hold the good coin then holding will only matter and nothing else. I f you think good coins will not rise and it will be dumped then just imagine those who in start of the btc if still holding aren't they millionaire and billionaires already.

[SFMiner]

I truly believe this isn't right. In the event that anything, hodling is one thing that can influence you to gain as much as you need to in this industry. All that is required is your understanding and your chance. Your coins have more opportunity to show their potential and give you incredible incentive for your cash. I truly do thing that hodling your coins is extraordinary compared to other choices you could make in the market.

[Prolifik]

It is lottle bit diffrent to Hold some ICO tolen or Bitcoin. When you Hold ICO token, then it is very important for this token to be listed on some big exchange to gain big profit.

[mabell943]

Actually  holding in this industry is good thing to do because  sometimes the value of the coins or investments in the market can’t make you earn a good amount of income or profit in this business.

[okaypool]

I want to say differently. Hold on will lead you either nowhere, or make you very rich. I think in the future many of the coins will simply disappear, and those that remain will grow in price to the skies.

[CoinCowgirl]

That is your opinion, because off my experiences in the past, i learned it is the opposite. Pacience can make you rich. But offcourse selling on the right moment will also do.

[diamondroyal]

Lol, is all about choice.

[Derler1599]

Demand should come when people are interested in the project. I don't see anything wrong with hold. Why sell coins at a loss?

[DabsPoorVersion]

hodling is the only options for traders and also investors if their holding altcoins is dump. its not actually getting you nowhere if you hold an altcoin, its just having an opportunity to sell at a higher value.

[Kratos456]

You should be able to select tokens for HOLD. And if you keep all the tokens without busting, then there will be no big profits. But I agree with the author that you need to be an active market participant.

[dmgrinko1@gmail.com]

Crypto currency is an interesting asset. You need to invest in good projects and just wait. Long-term investments are still the most profitable. You just have to choose projects in which you are sure. Now is a good time to buy good tokens. Investing in good projects is very profitable. Invest in good projects

[delton22]

Right before now, the TERM HODL was really a very important one in cryptocurrency but lately, the crypto market is making us believe that HODL is a total waste of time rather smart traders are making it.