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HilbillyFred
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June 06, 2016, 09:03:25 AM |
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I am also holding for the future in the hope that the price is going to be higher then we have ever seen. I am then going to sell all my coins at once and then I am just going to stop with Bitcoin forever.
It's your choice of course if you want to quit Bitcoin at some point in the future when the price reached a very high price point but you can always use Bitcoin as currency or simply as store of wealth if you don't want to invest anymore. And I'm quite sure that by that time you will think completely different about selling all your coins at once and stopping with Bitcoin completely. Not many people have managed to quit as they nearly always come back. Once you start using bitcoin its really difficult to get rid of it, and I am sure no one can quit it so easily, and pretty sure that no one will sell all their coins at once, will save some hoping for best price in future. i personally know 2 friends who have said to never use bitcoin again. they got mad because they bought at the top back in 2013 and kept seeing the value of their investment go down and down. both have bought back in 2015 and are using bitcoin as currency now. and that while they promised to never ever come back.  I think bitcoin is something like addiction that you can't live without once you start using it, I think if bitcoin dies, I will also die  the thing is that there is no point in leaving bitcoin for ever. you can use it for trading purposes or as store of wealth, or just as currency. bitcoin gives you the freedom to be the full owner of your money. people have been sick and tired of banks using their money to gamble with it on the financial market. embrace bitcoin and you'll give the right signal! Holding bitcoin for a long term can always be profitable, as you never know what higher value it will hold in future, so saving for long time can give best rewards. There are now a lot of people that is holding their Bitcoin if they have that and that is nice to see that they have all patience for it so that is nice. But it will be really hard to know what will happen later in the future with the value of the Bitcoin and that is risky. |
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mightyghz
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June 06, 2016, 09:06:09 AM |
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I agree with the whole hodling philosophy. Will we reach a point when it's no longer a good idea to hodl? Will we know when we reach that point?
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JeanMcCoy
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June 06, 2016, 09:18:41 AM |
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Yes off course why would you spent any of your coins. if you think the price will rise after you just holding your coins like everyone i dont think he would i think he will only fall faster and faster.
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Denker
Legendary
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Activity: 1442
Merit: 1014
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June 06, 2016, 10:36:17 AM |
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I agree with the whole hodling philosophy. Will we reach a point when it's no longer a good idea to hodl? Will we know when we reach that point?
If hodling makes sense or always depends on your strategy and for how long you're planning to invest in this space. If you are more short term focussed you will definitely try to catch each peak of a rally and then cash out.After the correction you might get back in and everything starts again. As a believer in the long term you often just buy and hold because you believe in this technology and convinced that Bitcoin will be the one who reaches mass adoption and therefore will rise in it's value much much more as it is today. Of course you can also trade in the short term as a long term believer. One thing does not rule out the other here! |
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romero121
Legendary
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Activity: 3164
Merit: 1213
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June 06, 2016, 11:16:34 AM |
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From this year's start itself most users have started holding upon the expectation of halving. Now once again on seeing the present increasing scenario everyone has been holding with the hope of touching $600 before the days of halving.
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bitpop
Legendary
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Activity: 2912
Merit: 1060
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June 06, 2016, 12:38:58 PM |
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Hodling is a permanent decision, you take it to your grave
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Zigsss
Member
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Activity: 72
Merit: 10
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June 06, 2016, 01:18:17 PM |
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HODL!
I would also hold because there is a chance that the future price will be nice and high so we can make a nice profit. I would hold for a couple of years and see what is happening and look if the price really can be high. |
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randy8777
Legendary
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Activity: 896
Merit: 1000
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June 06, 2016, 02:18:51 PM |
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I am also holding for the future in the hope that the price is going to be higher then we have ever seen. I am then going to sell all my coins at once and then I am just going to stop with Bitcoin forever.
It's your choice of course if you want to quit Bitcoin at some point in the future when the price reached a very high price point but you can always use Bitcoin as currency or simply as store of wealth if you don't want to invest anymore. And I'm quite sure that by that time you will think completely different about selling all your coins at once and stopping with Bitcoin completely. Not many people have managed to quit as they nearly always come back. Once you start using bitcoin its really difficult to get rid of it, and I am sure no one can quit it so easily, and pretty sure that no one will sell all their coins at once, will save some hoping for best price in future. i personally know 2 friends who have said to never use bitcoin again. they got mad because they bought at the top back in 2013 and kept seeing the value of their investment go down and down. both have bought back in 2015 and are using bitcoin as currency now. and that while they promised to never ever come back. I think bitcoin is something like addiction that you can't live without once you start using it, I think if bitcoin dies, I will also die the thing is that there is no point in leaving bitcoin for ever. you can use it for trading purposes or as store of wealth, or just as currency. bitcoin gives you the freedom to be the full owner of your money. people have been sick and tired of banks using their money to gamble with it on the financial market. embrace bitcoin and you'll give the right signal! Holding bitcoin for a long term can always be profitable, as you never know what higher value it will hold in future, so saving for long time can give best rewards. There are now a lot of people that is holding their Bitcoin if they have that and that is nice to see that they have all patience for it so that is nice. But it will be really hard to know what will happen later in the future with the value of the Bitcoin and that is risky. risk is something you can not avoid. even not with the safest possible investments. if you want to profit to the most, then the best thing is to cash out some profits every now and then while the price is going up. it allows you to buy back at lower prices with the money that you got from cashing out some coins, and when the price continues to go up it allows you to benefit because you can sell at higher levels. it's a win win. |
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crossabdd
Legendary
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Activity: 1316
Merit: 1145
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June 06, 2016, 02:32:54 PM |
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HODL!
I would also hold because there is a chance that the future price will be nice and high so we can make a nice profit. I would hold for a couple of years and see what is happening and look if the price really can be high. I'm sure after halving bitcoin prices will continue to rise, and the effect of halving will be felt in the next year. if you believe and are sure, keep on hold. |
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italianobitcoin
Sr. Member
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Activity: 370
Merit: 250
Forza Italia
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June 06, 2016, 02:54:10 PM |
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i dont think this is the best way to earn allot o fprofit. If everybody does this what would happen to the coin do you think. In my opionion he will only fall lower and lower if everybody is just holding.
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podyx
Legendary
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Activity: 2338
Merit: 1035
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June 06, 2016, 03:02:01 PM |
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i dont think this is the best way to earn allot o fprofit. If everybody does this what would happen to the coin do you think. In my opionion he will only fall lower and lower if everybody is just holding.
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HammaSan
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June 06, 2016, 03:14:22 PM |
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There are many people who are hodling, but there are many people who are more dynamic than are investing in business and making transactions with bitcoins. In the future the great majority of companies will accept biticoins.
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Skaven
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June 06, 2016, 03:17:07 PM |
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Just think twice if you want to hold them dont be so stupid as every other person. Why do you think the price of a bitcoin wont rise allot because everybody is holding their coins of coourse.
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AsaroUk
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June 07, 2016, 07:43:17 AM |
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I am also going hold for the future because there is a chance that there is a good price waiting for us in the future and I am willing to take that chance. I also sell coins in the mean time to make money.
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RenegadeMind
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June 07, 2016, 07:58:35 AM |
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I am also going hold for the future because there is a chance that there is a good price waiting for us in the future and I am willing to take that chance. I also sell coins in the mean time to make money.
You need to drink more so that you can HODL properly. |
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Galiatram
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June 07, 2016, 08:16:20 AM |
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there are always people who just holding their coins but if you just holding all of your coins i dont think that would be very good for the price of the bitcoin you know. If we are all holding it wont rise allot believe me.
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1Referee
Legendary
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Activity: 2170
Merit: 1427
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June 07, 2016, 08:30:05 AM |
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there are always people who just holding their coins but if you just holding all of your coins i dont think that would be very good for the price of the bitcoin you know. If we are all holding it wont rise allot believe me.
Surely not everyone is holding. Beside that, the majority of the people that are indeed holding their coins for the long term, they also have a seperate balance of coins for trading purposes. It's not that they are solely holding their coins offline and looking from the side lines to what's happening with the price. People stay active as they like to make profit whilst trading. |
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Doomer
Sr. Member
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Activity: 336
Merit: 251
Rider of comets, and brother to the nebulae
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June 07, 2016, 08:34:17 AM |
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there are always people who just holding their coins but if you just holding all of your coins i dont think that would be very good for the price of the bitcoin you know. If we are all holding it wont rise allot believe me.
You are correct. If, supposedly, everyone was only hodling, then the coin would become totally useless (used nowhere); then demand would drop; seeing this, the first one would sell, and then everyone, and then doom. In any case, market finds the balance. Bitcoin's great power is, first of all, that it is used; as currency. Let's say it other way: we hodl; price rises; then I can buy a new house and a Lamborghini! so I sell; balance. The market always finds the balance. PS. This historic thread, which created the term "hodl", should be pinned! |
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blumenkr4ft
Newbie
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Activity: 24
Merit: 0
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June 07, 2016, 02:20:35 PM |
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I need to be part of this thread so...
PS: Of course i'm hodling!
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Tacalt
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June 08, 2016, 08:32:26 AM |
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I need to be part of this thread so...
PS: Of course i'm hodling!
I hold the bitcoin and also use some. Holding can reduce the selling pressure of the coin. Usage can help the circulation. |
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