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Author Topic: HODL is not advisable!  (Read 3151 times)
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August 23, 2018, 07:42:30 AM
 #41

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 know what you mean but what you say is how the HODL is that you will not get a trading experience that is wrong in my opinion, if you really do HODL I am sure you will often see the market and will understand how the market moves, you can also evaluate decision made, is this not experience?
Ok, we can maximize our funds or profits by scalping trading but you forget the risks, new users also prioritize low risk while learning crypto.

          
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August 23, 2018, 07:44:43 AM
 #42

Hodling is for long-term goals and day trading for short-term purposes, if we can do both then it will be better.
Of course we need to have good money management to divide our money to which coins and which coins to trade day.
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August 23, 2018, 07:47:23 AM
 #43

Yes that right , hodl is bad idea to make money in crypto because all price of altcoin in high fluctuacion and actually we can make more profit from it by learn about trading strategy. Hodl just make missing out to make big money, because many altcoin going back to the bottom after all the times high.

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August 23, 2018, 08:30:20 AM
 #44

you know holding is depends on the coins example is the coin that is not known in the market will you still hold it for a long period of time? Unlike the coin that has already prove itself in the market that is the coin that is worth hodling.

When it terms to trading it is better to trade a coin that is also well known in the market and hold your profit.

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August 23, 2018, 08:31:29 AM
 #45

In this year, HODL did not bring us considerable profits. Because the market continues to be sluggish, some investors who believe in HODL have suffered a lot of losses!
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August 23, 2018, 08:37:42 AM
 #46

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

It always depends on the projects related to the coins you are holding.

In my experience I had coins I did hold and have fallen to dust, I had coins that I did hold and rose to the sky then fallen to dust, I had coins that I've sold too early and could have earned more for keeping them and I still have coins on which I am on profit.

So.. yeah.. everything can happen, so the best advice for everybody is to dig (inform) and think for himself.

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August 23, 2018, 08:54:02 AM
 #47

When decide to hold any crypto we should be have plan for how long to hold it and how much target profit, when that target reached and then sell all that crypto and lock the profit in to fiat. To decide hold crypto we should be also understanding the fundamental of the coin and make sure buy at the cheap price. By this way hold will be worth and promising alot of profit.

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August 23, 2018, 08:58:25 AM
 #48

Depending on each person, we are one of the individuals who hold and wait for the opportunity, we do not have much capital to sell early, if selling early we can not have high income.

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August 23, 2018, 09:07:39 AM
 #49

Their are various strategies for different people. Not everyone would be convenient with trading as they have busy schedules. This strategies all boils down to the type of trader/investor you are and how much time you have at your disposal. Trading is good if you learn the art
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August 23, 2018, 09:08:54 AM
 #50

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 do not agree with you that HODL is bad because that is the best way to make good money. Take for instance, people who invested in Ripple and sold them as soon as they see increase lost huge rewards compared to those who kept if for a long time. Another example is Verge... if you are a day trader, you can make some cash in a short time but if you can HODL, chances are there that you will become a millionaire someday. Verge and Ripple made so many millionaire in the crypto space than any other crypto and all of them were people who HODL and not day traders.
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August 23, 2018, 10:46:34 AM
 #51

I do not think so. On the contrary, HODL - was invented for the strongest in crypto. Let's remember the etherium, once it was distributed by thousands for participating in the airdrop. And only a few who believed in him, now secured a "beautiful life." I believe in HODL!

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August 23, 2018, 11:01:37 AM
 #52

I think hold is better because by holding the assets you have at a very expensive price you can be safer because you don't lose the assets you have at a very cheap price so you can keep holding back if you don't want to lose.

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August 23, 2018, 11:28:13 AM
 #53

On some coins yes but the majority doesnt. Holding is the best strategy to execute for this kind of market. If you bought on a high price before then why do you dont hold until the price comes back. The money invested are made to be in long term because short term is much risky.
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August 23, 2018, 11:33:04 AM
 #54

my view HODL only suitable for the particular coins which is those coins have large of community and high volume support because this is can ensure those coins will not be lack of interest and even possibly to increase in the future but indeed HODL not advisable to those want instant money


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August 23, 2018, 11:33:37 AM
 #55

For those who is afraid of quitting their hodl caves - I think it is time to accept previous faults and start to rebuild that you invested using, as author mentioned, scalp trading. First work with smaller amounts, always set stop loss. Eventually, you'll start making some profit but still having you bags with you
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August 23, 2018, 11:40:44 AM
 #56

my view HODL only suitable for the particular coins which is those coins have large of community and high volume support because this is can ensure those coins will not be lack of interest and even possibly to increase in the future but indeed HODL not advisable to those want instant money
Good point, one of the factors of holding a coin is knowing that there's a good future ahead, if you hodl a project you should also study the fundamentals and all the important roles of this project from the society, if that particular coins will have a big participations and will be usable then holding it for a long term period will give you good chances to have a better value.

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Pursuer
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August 23, 2018, 12:01:31 PM
 #57

the correct term is "bag hold" not "hold" these two are different.

for example when you buy bitcoin and hold it, you are HODLing and it is beneficial because bitcoin will rise eventually. and even if price doesn't go up and stays here forever, you are still owning some of bitcoin which is the only decentralized currency in existence. that has to count for something!
but when you buy an altcoin and hold it, then you are "bag holding" which is the thing that is not advisable. because altcoins don't have a good future anyways so their long term prices will decline, specially those with huge supplies.

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August 23, 2018, 12:13:17 PM
 #58

Hold doesn't always be the wrong choice, sometimes holding is also needed to avoid losses from the market decline. For the future it is very difficult to guess but from some things that have happened, HOLD will be beneficial if we choose the right coin.



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August 23, 2018, 02:10:27 PM
 #59

I think we seem to have just made some big profits from trading, holding only when we buy coins at the bottom or dip and if we really support their project and trust the project team, we will really hold it because we support our project expect a good long-term position.
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August 23, 2018, 02:37:44 PM
 #60

the correct term is "bag hold" not "hold" these two are different.

You know, one may find out too late that he became from HODLer, bagholder. And sometimes even altcoins worth HODLing. Of course, very few altcoins...

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