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Author Topic: HODL is not advisable!  (Read 4383 times)
tanzaholzmann
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September 04, 2018, 01:41:30 AM
 #221

Why? not all coins are become badcoins,some coins are
needed to  wait a year,like bitcoin. So,much better to hodl some, let's say 70/30 u can sell 70% of your coins and hodl the 30% we don't know the coming year and the team of the project are hardly working on thier project:)
hey, I also like your strategy, maybe with this strategy you can trade a lot of assets in the market, because capital from this result can still buy assets again.
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cabrakaned
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September 04, 2018, 02:39:07 AM
 #222

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.
You are not correct my friend.
If you had some loss due to HODLING some coins then it is your mistake that you didn't choose the correct coin to HODL upon. Profits can really be multiplied in huge amounts if we HODL the coin for long intervals but the coin should be potential and should have a good volume. If you are pretending to Hodl a low volume coin than probably it would loose its value as per time intervals and short term trading can be preferred in these kind of low volumr coins.
Coins like ETH, BTC, etc have the potential to multiply our profits if we pretend to hold them for long terms.
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September 04, 2018, 03:18:32 AM
 #223

I don't agree with your all points. Some people don't research, they only follow what people say. HODL is not for everyone and it is not for forever. I am a trader too but still, I am hodling some coins. Because every coin is not good to trade! If you don't have enough time to trade or if you don't know how to trade well then yes holding is the good solution for you. Think about a Bitcoin holder, MTC holder and even recent Pundix and Arbitrafe (ARB) holder! They made the massive profit only by holding. So, It is necessary too. If you hold good coins like The bitcoin, Ethereum, ADA or NEO or other proved altcoins, then you will get profit one day. But Each loses in the trade won't recover! So, both are important in the crypto life. This is my personal opinion btw.
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September 04, 2018, 03:58:20 AM
 #224

Well it's not advisable to hold a shit coin you will lost your money for sure, for me hodl is a one of strategy to earn profit so it depends to the coin that you hold if that is potential or not.

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September 04, 2018, 04:20:28 AM
 #225

LoL both are beneficial and profitable, it comes always with the matter of coin/token types. if you don't have too much time to watch market then proceed to Hodling, if you can take your risk in trading that is also good. i used to trade in weekly airdrop coins because their market is more volatile than ICO, in short Scalp trading is good if you have more time in front of your screen.
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September 04, 2018, 04:31:25 AM
 #226

You may have a point but I do not agree when you say that HODL is not advisable. HODL is proven effective by so many experienced crypto fanatics, even expert traders. So I guess HODL is advisable to a certain extent. To demonstrate it to you the importance of HODL, you may just take a look at the previous year. Take a look at Bitcoin, Ethereum, LiteCoin, and other solid coins.

If you are not very confident with day trading, just HODL.   

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reda
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September 04, 2018, 06:28:43 PM
Last edit: September 05, 2018, 02:55:36 PM by reda
 #227

The hold is important for your future growth and purposes. If you hold the coin you know the price information day by day. Then easy to manage the coin. So if the price will be increasing then sell. Next time it will go down. You know what time to buy and sell the coin. Time to acct and complete the work on time. You always have a plan every time. People hold the coin if price down. So people time to sell and time to buy it. The hold is important of your future saving and growth.
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September 04, 2018, 09:01:15 PM
 #228

In my very own experienced there is no good outcome when you HODL too much.
First of all do you know what HODL means?

At some point I would agree with you, but that depends on what you HOLD and how you take your HODLING. I prefer holding prominent altcoins with good future potential, backed with real life use case.

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 have been trading for a decade, and from what I have learnt, I would suggest to drop the idea of scalp trading, cause it might ruin your wealth.

Samuel Cofie
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September 04, 2018, 09:03:32 PM
 #229

In my opinion, HODLing is by far the best thing you can do when the market is really poor. With HODLing there is no lost now gain, unless you trade. So if you can, try to HODL for as long as you can watch the market recover.
renz0
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September 04, 2018, 09:17:29 PM
 #230

In this current market situation, holding your coins is the best way to avoid losses. Though long terms holding can bring good profits in the future but still we need to learn basic techniques in trading to at least earn a profit on a daily basis.
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September 04, 2018, 09:28:17 PM
 #231

You are making a nice point here. Some hodl crypto currencies out of fear of losing it to trade. But  personally I come to realize that if you don't start trading someday, you will not know how to trade. Until you make up your mind to start you will hold forever
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September 04, 2018, 10:42:42 PM
 #232

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 was wondering why did you said that Hold is not advisable? Maybe its not advisable for the people you said that are lack of knowledge which is I agreed, but telling it generally here is not good. Though, you didn't mention generally. And for me ti si still a good things method to be implement if the coins are really has potentials to increase but if your not sure never hold it just simple as that. 
rambogoham1
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September 04, 2018, 10:57:11 PM
 #233

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.

HODLing Bitcoin Id say would be advisable. All/majority of the other cryptos were bought with bitcoin that were created before 2017.

Wish 107.5
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September 04, 2018, 11:07:49 PM
 #234

I don’t agree that hold is not advisable, as a matter of fact, it is better to do holding right now because the market is down. If you will stop holding and start to sell your coins, it will be your loss.
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September 05, 2018, 01:20:37 AM
 #235

HODL is really dangerous for any trader or investors who bought altcoins that has inexperienced team or an unprofessional team. HODL is not also good when you are doing it for 4-5 years. If you people want to play safe then just do the HODL for 6 months and test if it rises on those months because if not then stop the HODL for the next 6 months so in short just sell it.
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September 05, 2018, 01:25:28 AM
 #236

HODL is really dangerous for any trader or investors who bought altcoins that has inexperienced team or an unprofessional team. HODL is not also good when you are doing it for 4-5 years. If you people want to play safe then just do the HODL for 6 months and test if it rises on those months because if not then stop the HODL for the next 6 months so in short just sell it.

I agree with this. I think one should learn how to trade instead of just holding especially here in cryptocurrency market because prices are so volatile and when the market is not doing good, you could lose 99% of the value of the coin you are holding. This is my experience and I did regret not selling when the price of the coin is high that's why I decide to just sell a coin whenever I can and just trade short term because it is more favorable for me.

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taliwang
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September 05, 2018, 06:29:03 AM
 #237

I think hold is a good suggestion and can be very good to suggest if you are stuck at a very expensive price so that you don't experience a lot of losses. don't let you be affected and eventually sell the assets you have at a very cheap price.
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September 05, 2018, 08:25:24 AM
 #238

If money was invested in the long term, then why sell at the time of the fall? The rise in prices of crypto currency always exceeds its fall.
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September 05, 2018, 09:27:24 AM
 #239

HODL is really dangerous for any trader or investors who bought altcoins that has inexperienced team or an unprofessional team. HODL is not also good when you are doing it for 4-5 years. If you people want to play safe then just do the HODL for 6 months and test if it rises on those months because if not then stop the HODL for the next 6 months so in short just sell it.

If you Hold BTC 4-5 years ago, it does good to you bud, imagine how rich you are

6 months is too early for decent and good coin to Hold

imagine you buy BTC last feb, and found it fell price at this date after 6 months, probably you would sell it at a loss

If you could at least wait up at least a year might be your waiting will be paid off

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September 05, 2018, 01:15:21 PM
 #240

he has his own opinion about hold is not advisable but for me, the hold is another way to get more profit in altcoin and bitcoin although it needs time before we can sell at the highest price. and if I see that the price is going down and I cannot sell, it is better to hold for a while and maybe I will decide to buy more in an amount so I can have a chance to sell and make a bigger profit. in this day, I can sell my BCD at the higher price and I already add more in my wallet so my profit is bigger than before.

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