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Author Topic: HODL is not advisable!  (Read 3109 times)
bitChipper
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August 22, 2018, 04:39:00 PM
 #21

In crypto some of the best trading bots created have a tough time yielding a higher ROI than people who have just held. This is why hodling is such a popular strategy.

Secondly scalping is not the best trading strategy in these markets, I have heard this time and time again from advanced traders who also say they won't trade any chart shorter than the 4hr.

So just because you have made a couple gains scalping the 5 min chart based on a couple indicators doesn't mean you should jump on bctalk and advise other people to do the same.

I see so many newbs these days crying about how hodling is stupid just because they are holding bags and are impatient.

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giletto
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August 22, 2018, 05:08:36 PM
 #22

In my very own experienced there is no good outcome when you HODL too much.
First of all do you know what HODL means?
HODL is used when referring to hold the cryptocurrency rather than selling it.
Holding cryptocurrency is no good because it means you don’t have a knowledge about trading, for me, you can do scalping trading and increase your holding by it and gain profit.
I suggest that all in the Crypto community must learn the basic trading fundamentals. There are free tutorials anywhere. Don’t be lazy, think big.
Everyone becomes a holder because they have no knowledge of when to sell and when to buy. Holder is a final solution to the hope that it can be profitable in the future. If everyone can know how to trade, this market will not grow
Slow death
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August 22, 2018, 06:33:29 PM
 #23

In my very own experienced there is no good outcome when you HODL too much.

 Shocked

Holding cryptocurrency is no good because it means you don’t have a knowledge about trading

or because the person does not have time to do day trade

for me, you can do scalping trading and increase your holding by it and gain profit.

and take big risks of losing a lot of money? see people who bought bitcoin when the price was $ 900, these people still have profits and will hold for more years and will get more profits

I suggest that all in the Crypto community must learn the basic trading fundamentals.

this does not help much, I have not yet seen someone who is successful in predicting price movements

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August 22, 2018, 06:38:29 PM
 #24

Hodl is not advisable?) Trading is not advisable if you are not proffessional trader... Even professiional traders often loose more than earn...
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August 22, 2018, 06:42:52 PM
 #25

In my very own experienced there is no good outcome when you HODL too much.
First of all do you know what HODL means?
HODL is used when referring to hold the cryptocurrency rather than selling it.
Holding cryptocurrency is no good because it means you don’t have a knowledge about trading, for me, you can do scalping trading and increase your holding by it and gain profit.
I suggest that all in the Crypto community must learn the basic trading fundamentals. There are free tutorials anywhere. Don’t be lazy, think big.
HOLD= HODL is just typically the same and most of us do really know what it means and I would to clarify something that not all hodlers doesn't have knowledge about trading. There are professionals doing such decision because they do saw the potential of the coin which means not all holding coins are totally no idea on how this market moves. You can only say such thing because you do miss out the chance on making profit when the coin you do hold up do pumped.


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rose8963
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August 22, 2018, 11:27:24 PM
 #26

In my very own experienced there is no good outcome when you HODL too much.
First of all do you know what HODL means?
HODL is used when referring to hold the cryptocurrency rather than selling it.
Holding cryptocurrency is no good because it means you don’t have a knowledge about trading, for me, you can do scalping trading and increase your holding by it and gain profit.
I suggest that all in the Crypto community must learn the basic trading fundamentals. There are free tutorials anywhere. Don’t be lazy, think big.
I think you can only make a profit when the market is bearish in the long run, you can see that bitcoin prices are fluctuating continuously and can be reduced at any time. Therefore, I believe that at this time you should not hold, you should only invest in short and day trading, hold can only bring profits as the market is rising.
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August 22, 2018, 11:35:09 PM
 #27

In my very own experienced there is no good outcome when you HODL too much.
First of all do you know what HODL means?
HODL is used when referring to hold the cryptocurrency rather than selling it.
Holding cryptocurrency is no good because it means you don’t have a knowledge about trading, for me, you can do scalping trading and increase your holding by it and gain profit.
I suggest that all in the Crypto community must learn the basic trading fundamentals. There are free tutorials anywhere. Don’t be lazy, think big.
Sometimes in order to recover from their losses some traders tend to hold they tokens for a very long period of time and some of them even hold it for more than a year because they just missed the right time, so that they went to hold it for a very long time and waiting for the next pump hopefully.

I think it's just a matter of patience of how a trader could exert during losses.
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August 22, 2018, 11:36:53 PM
 #28

In my very own experienced there is no good outcome when you HODL too much.
First of all do you know what HODL means?
HODL is used when referring to hold the cryptocurrency rather than selling it.
Holding cryptocurrency is no good because it means you don’t have a knowledge about trading, for me, you can do scalping trading and increase your holding by it and gain profit.
I suggest that all in the Crypto community must learn the basic trading fundamentals. There are free tutorials anywhere. Don’t be lazy, think big.

Trading is buy and sell strategy buy low sell high but traders sometime have to decide their coins to hold for ling term because didn't accept for theirselve the loses, that's i seen some traders hodl their coins for long term because they hope later on they cut off the loses if the price bounce again.

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August 23, 2018, 12:42:37 AM
 #29

In my very own experienced there is no good outcome when you HODL too much.
First of all do you know what HODL means?
HODL is used when referring to hold the cryptocurrency rather than selling it.
Holding cryptocurrency is no good because it means you don’t have a knowledge about trading, for me, you can do scalping trading and increase your holding by it and gain profit.
I suggest that all in the Crypto community must learn the basic trading fundamentals. There are free tutorials anywhere. Don’t be lazy, think big.

Don't underestimate crypto trading mate, because it's not like the usual trading. We all know how unpredictable is cryptocurrency, because of the high volatility of its market value that could be so difficult to anyone to predict of its price. And even those crypto enthusiast can't predict when it starts to rise and fall, how much more those newbies in this field?
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August 23, 2018, 01:26:54 AM
 #30

HODL only when you bought that coin at the very bottom or dip and if you really support their project and trust the team of the project, you will really hold it because you support their project, you are expecting for long term position. That is the only good in HOLDING.

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August 23, 2018, 02:05:03 AM
 #31

I think otherwise, the hold is pretty good. It is important to know when to start and when to sell. This may be the time to start buying and holding long term
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August 23, 2018, 02:17:00 AM
 #32

I will choose to HODL over trading any day ,trading is risky as well as holding too,but long HODL is always profitable hands down
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August 23, 2018, 02:50:34 AM
 #33

HODL is not advisable if you are that type of investors or a trader that has a short patience. 'coz it's a common/basic knowledge that here in Cryptocurrency world that the price of every coin is up side down in every minute every second and not stable and really is unpredictable. And if you are in need of money then you should not hodl.
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August 23, 2018, 04:34:46 AM
 #34

the problem is not with HODL, DUMP, ... these are just empty words without meaning when used by most people because they have no idea what they are talking about. there is an underlying strategy for each of them and if that strategy is not executed properly then you are just fooling yourself by branding your actions with things like HODL.

for example HODL is just a long term investment when you buy an asset that has a long term potential for a good profit. for instance you buy bitcoin at $6000 because you speculate it will be worth $50k in 2 years or less. but when you do that then you shouldn't concern yourself with short term fluctuations.
also when you HODL you must do it with an asset that actually has a potential not anything that you can get your hands on like altcoins and tokens!

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August 23, 2018, 04:46:03 AM
 #35

HODL at the present time is not good. The market will be eliminated poor-quality products, you should hope that I was not among them.
Conversely, if you have the patience for HODL the next 5-10 years, in my personal opinion, it makes the risk worth having.
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August 23, 2018, 05:11:34 AM
 #36

HODL at the present time is not good. The market will be eliminated poor-quality products, you should hope that I was not among them.
Conversely, if you have the patience for HODL the next 5-10 years, in my personal opinion, it makes the risk worth having.

At this moment buying is advisable as market is lower so you should be buying and holding for the bull run to begin so that you do not regret later when the market reaches 15k or so and then say you miss the opportunity to make money.

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August 23, 2018, 05:13:29 AM
 #37


Holding cryptocurrency is no good because it means you don’t have a knowledge about trading,

Telling everybody that dont do trading a no good is also a no good Cheesy

Looks like, you just entered lately in a crypto world bud

if you HODL a 10$ eth Jan 2017, say this again.. Cheesy

Quote
for me, you can do scalping trading and increase your holding by it and gain profit.

easy to say huh..

forgetting something, that you could also lose your money and couldn't gain any for trading than HODL



Exactly.

Trading is to HODLing, as Fire is to Fiat.

HODL

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August 23, 2018, 06:01:37 AM
 #38

HODLing does not mean that we have no knowledge about trading. I believe HODLers are not only holding their crypto, they also do some trades as well. Hodling is for long purpose and day trading for short term purpose, if we can do both then it will be better.
Of course we need to have good money management to split our money on which coins to hold and which coins for day trading. So I have to disagree that HODL is no good at all.
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August 23, 2018, 07:08:58 AM
 #39

HODL is used when referring to hold the cryptocurrency rather than selling it.
Holding cryptocurrency is no good because it means you don’t have a knowledge about trading, for me, you can do scalping trading and increase your holding by it and gain profit.
Holding is not a big science nor skill and your explanation on what is holding is not anything different from what people from this community is already doing for months to year. Scalping may be profitable but definitely cannot get you big returns as much as what holding may get you in next two years. Holding may sound too hard in this down market but when bitcoin market turns into positive market then you can expect more bigger returns for you capital.

I suggest that all in the Crypto community must learn the basic trading fundamentals. There are free tutorials anywhere. Don’t be lazy, think big.
Trading is good and developing skill for trading and then entering for trading is always good but timely decision making and following trend of market and finding right entry and exit points are the thing which is not possible for all the people as these tasks may consume lots of your time. Hence simply holding bitcoin is highly easier way to make big profits.

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millensharon8
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August 23, 2018, 07:28:40 AM
 #40

Unfortunately, not everyone can trade or will have the time to trade which is the reason why rather than gambling with what you have, you just hold for the long term as long as you are investing what you can afford to see go down more in the short term and you are investing in quality projects.

A lot of people have lost money trying to trade than if they actually held. Trading is not just ABC as there is more to it and you really want to learn a lot before embarking on such journey.  Nevertheless, it will always be an added advantage and a great knowledge to have for any good trader.

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