Know when to stop a HODL/HOLD

[ArIMy11]

Newbies can easily be influenced from what they hear from speculations.. I've read several times people tend to advice to hold long term. because its easy for them to say JUST HOLD cause theyre not the one losing! For me its not all about holding, its being smart about your own invesment know when to stop and cut the losses.  


What are your thoughts?

When I was a newbie, yes I easily get influenced by the different post that I have read. For sure, I am not the only one. Yes at first I think it is that easy to hold, to trade, to guess but no. We should really know what we are entering. Yes that is right. We must know when to stop because we will not hold it forever. For me, I stopped holding it when its price rise (but not just simple price increase). I also do sell my coins when I noticed that it keeps going down because it will be cery difficult for the coin to recover because not every coin is like bitcoin.

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[Fbi_babs]

Newbies can easily be influenced from what they hear from speculations.. I've read several times people tend to advice to hold long term. because its easy for them to say JUST HOLD cause theyre not the one losing! For me its not all about holding, its being smart about your own invesment know when to stop and cut the losses.  


What are your thoughts?

Like you said, its not about how long you are holding for but about how smart you are. My own philosophy is invest when the market is falling, hold on the way up then sell when you feel its the right time.

[badiako88]

Stop Holding when there is no reason to hold in to the token for any longer. If you think that the coins is not making any progress even if the market is at its best, you should have to let it go and move on. Look for another prospect coins with so much potentials, watch to see it grows and be rewarded by having it.

[runor]

So this is still looking at which coin, because not every coin will be kept until it grows, some, for example, most likely never grow!

[huanglui]

You extremely right about this. If you do not sell your altcoins in right moment, you can easily lose all of your accumulations

[louie69]

Every investor should know when to hold and not to hold their coins but before doing so, every investor should have to know the basic technical analysis of market trends. Make use of the price history for your personal analysis so that you may know if that particular coin you are holding still has the chance to make a recovery or not and then decide what you think is best with your investment since not all the holdings will make you profitable.

[boyjack]

My plan is holding the coin for a couple of years more, I don't expect this year price will reverse but I strongly believe great future for bitcoin and crypto currency, next year I expect some huge change in crypto from this current market, price will rise. I think patience only way you can invest in crypto currency,Crypto is very violating markets in the world, you can good money in less time same way you can lose money also, so be care full invest in crypto, invest money if you are extra money in your pocket.It was not even up to a month ago when I bought bitcoin so I will not benefit when I trade it at the moment. For that matter I am going to hold bitcoin and all my altcoins for a long time and I'm very confident things will turn around.

[noma45]

there are two(2) essential strategies things to manage in crypto

1. PATIENCE: do not be in a haste to sell so as not to sell at loss.

2. GREED: Know when you have made your target profit and sell.

if these aforementioned key strategies are not met, a crypto trader might find him/herself in a discombobulated situation. please know when to stop holding or rather sell some parts.

[Adeforever]

Some times when a coin get listed on exchange and you decided to hold for sometimes, later on the coin turn to shit. Meanwhile you may decided to sell coin and the coin may later moon. I do tell my friends, always follow your mind thought when it comes to issue of hold.

[fathur01]

I think that the only thing that beginners should do is to participate in bounty companies and preferably in the signature, because this is where they can start earning and without losing their money and gaining useful information about cryptocurrencies and the rules of the game.

[DarkBullet]

That is absolutely correct. HODL actually is a way to cut losses but we have to use it skillfully. How? Always get an update throughout social media groups of that specific altcoins you invested with. Being updated with the news, to its websites and possible airdrops are also some important things to remember. That way, you will be able to know when to stop the HODL.

[crenfrosck]

Many people are in favor of "HODL" tactic and I am not against it as well, but inexperience with assets is going to destroy many portfolios full of ICOs, especially during the phase full of developing and brainstorming. Almost half of them is going to die in a few months, several won't make it through the first two years and even if your project has gone so far, no one can guarantee that you will not be in loss. I am personally a terrible day trader, but it is smarter to take out profit/ your initial investment while you have an opportunity, because another might never come. On the other hand, you can short it and actually gain greater influence over the network, which only strengthens your position and profit if the price is going up.

[Docnaster]

Many people are in favor of "HODL" tactic and I am not against it as well, but inexperience with assets is going to destroy many portfolios full of ICOs, especially during the phase full of developing and brainstorming. Almost half of them is going to die in a few months, several won't make it through the first two years and even if your project has gone so far, no one can guarantee that you will not be in loss. I am personally a terrible day trader, but it is smarter to take out profit/ your initial investment while you have an opportunity, because another might never come. On the other hand, you can short it and actually gain greater influence over the network, which only strengthens your position and profit if the price is going up.

Truth. However, most of these people are so deeply invested into these projects that they can't do anything BUT hodl now. Otherwise, they'll be exiting on a significant loss. It's always best to cut your losses early, but this huge negative trend wasn't predictable at all, and everyone has been hoping we'll climb out next month, next month, next month! Next month passes and it's always next month! Play safe now, take risks when the market is strong.

[cryptobae10]

I believe there is no fault in hodling bitcoin as it is a very good prosperous project with a brighter future
But altcoins need extra care and if you can’t withstand the dip of altcoins
You can’t just hodl at all

Figure out what works for you

[Torps1]

Knowing when to hodl or sell requires good knowledge about market condition. Making gain in crypto is pretty easy as well as making losses. What matters is having the right knowledge and information at the right time.

[Ridwan.P]

you are right, all need knowledge. it's useless if you hold it in the long run but you don't know when to sell it. not good to holding coins in the long term. because crypto prices cannot be predicted.

[pugi2]

Newbies can easily be influenced from what they hear from speculations.. I've read several times people tend to advice to hold long term. because its easy for them to say JUST HOLD cause theyre not the one losing! For me its not all about holding, its being smart about your own invesment know when to stop and cut the losses.  


What are your thoughts?

It is necessary to stop holding when it becomes meaningless and nothing will result as a result. Let's assume the current situation is borderline in the market and you can already consider the exit. But for beginners now to go to the market is also suicide, so it remains to be expected when a full reboot will occur.

I dont think the newbie now if they come to cryptocurrency just for suicide. This market sometime good for our improvement  to make everything not so easy. When the market need us to work ever harder, we will know how difficult it is and make us more be careful.

[chokomenia]

Newbies can easily be influenced from what they hear from speculations.. I've read several times people tend to advice to hold long term. because its easy for them to say JUST HOLD cause theyre not the one losing! For me its not all about holding, its being smart about your own invesment know when to stop and cut the losses.  


What are your thoughts?

You just made a point, it is good to know when to cut loss, for me i called it smart holding, I hold when the market is going up and in a bull run, but I will sell off when the market is bear then I will buy back at dip with much cheaper price.

[Taiayam]

My opinion is that beginners are easily affected quickly, most of them only think of profits without knowing the risks they have to accept

[popkiko]

I think newbies didnt failed to hodl rather they failed to invest, they buy shit coin that we all know that not worth to hodl.