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Author Topic: HODL is not advisable!  (Read 4373 times)
trecore4
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August 23, 2018, 02:58:57 PM
 #61

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.

Not necessarily it works the same way. HODL has got different strategy according to the way you see it. Many times people are just investing and HODLING it but they fail at applying the proper way of earning. We should be HOLDING and at the same time whenever there is right time you just go on selling the coins which would probably be at the highest peak and thus gain some profits. Now you just keep HODL of those coins which you initially invested. Remember that you already have the profits in your hand and still hodling it.

 
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August 23, 2018, 03:04:08 PM
 #62

Very few people can actually daytrade successfully , unless you have insider information its not even worth attempting. The Hodl meme is a joke at this point, but it is really solid advice to most investors.
It is difficult to get the inside information, And almost the information is fake. It only helps sharks escape quickly. So the holder is a simple way and does not require much learning for most of the people here


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August 23, 2018, 03:08:45 PM
 #63

In the current situation there is no any doubt that hold is not good strategy. It is better to sell all cryptocurrencies during any pump, try to rebuy in dip and sell again. Also I often open short positions through margin trading and earn money from it. I think that this downtrend will continue about 1 year. Only in the middle of the next year you can try to invest in cryptocurrencies for long. And of course it will be better for you to hold them for long period of time only after this situation, when Bitcoin will reach its dip under 2K$.
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August 23, 2018, 03:14:36 PM
 #64

I don't agree to that. I know that if we have some coins then we should use it to trade regularly so that we can increase the capital. But it's not that hodling is bad . If you look at the example of early investors then you might know that they holded the coins for so long (even now) that they have gained an enormous amount of profit just for holding it. So holding is not that bad if the coin is potential and you know it will return you sure profit.

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August 23, 2018, 03:28:20 PM
 #65

In retrospect everyone's an expert.  Hodl is only a good tactic if the market is healthy, instead we keep testing new lows and the sequence of negative events is not coming to an end either. Taking profits as often you can seems to become the new credo instead.

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August 23, 2018, 04:15:45 PM
 #66

Lazy? Really? Does HODL really meant like that to you?
Have you imagined what if no one HODL's bitcoin as an example?

Will you really see this kind of price and also will this altcoin be created if they did not see bitcoin grew like this.
You might want to rethink on what you are saying.
Give thanks to those who hodl for they are the courageous ones who believed in the technology and not just money which you are referring too.

It is not being lazy. You are just too greedy to want fast money in your pockets.
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August 23, 2018, 04:23:23 PM
 #67

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.
Hold is one way of investing, why would anyone keep others from holding, who are you to judge their investment strategy, are you a person that came from the future ? Have you seen what happens to world in 20 years ? If so can you please tell us if the world ends or not ? If you are not from the future please do not tell people what to do. You think "holding" is bad because you probably got in at $20k and now looking at a bad price. I remember when bitcoin was 150 dollars, should I have sold it back than ? Should I just kept buying and selling for 6+ years ? No of  course not, holding is a legitimate strategy and anyone can do it.

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August 23, 2018, 04:36:03 PM
 #68

Selling is not advisable! Keep hodling guys, our tothemoon is not so far, i guess it will be in next 5 month... i'll see.
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August 23, 2018, 05:10:30 PM
 #69

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.
Not everyone has and needs to be a trader so your conclusion is a bit nonsense in my opinion. The only thing that is wrong in my opinion is selling at losses and entering any investment on FOMO.
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August 23, 2018, 05:26:48 PM
 #70

Lazy? Really? Does HODL really meant like that to you?
Have you imagined what if no one HODL's bitcoin as an example?

Will you really see this kind of price and also will this altcoin be created if they did not see bitcoin grew like this.
You might want to rethink on what you are saying.
Give thanks to those who hodl for they are the courageous ones who believed in the technology and not just money which you are referring too.

It is not being lazy. You are just too greedy to want fast money in your pockets.
I agree, that was a strong statement though, holding is still advisable though, because you have no choice but to hold, because you'll really suffer a big loss once you sell, I agree that it was thanks to people who's still holding and giving faith to Bitcoin, I'm surprised that the price where Bitcoin is stable is really high, and most of the people are complaining with that. If you're endorsing some post like this, then you're making the market suffer more, this post might influence some people to sell, and that will lead to a loss again to the market that's just recovering.

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August 23, 2018, 05:33:48 PM
 #71

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.
If you are a trader you are not going to make money by holding,the HODL means holding your cryptos with patience.Holding the coin can be good if it is very long term like in years imagine the price of bitcoin was under $1000 in the beginning of 2017 but now it is around $6500 so you can make 650% profits by holding which is not enough for you?

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August 23, 2018, 05:56:48 PM
 #72

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.
If you are a trader you are not going to make money by holding,the HODL means holding your cryptos with patience.Holding the coin can be good if it is very long term like in years imagine the price of bitcoin was under $1000 in the beginning of 2017 but now it is around $6500 so you can make 650% profits by holding which is not enough for you?

Why don't hold?  If that is the only way to avoid losing money, hold is not only for making profit, it is also for the people who buy at the high price and now facing losing money, if you continue holding your coin in this situation then you will be safe for the lost of your money .

 
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August 23, 2018, 06:13:54 PM
 #73

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 this hodling is very good if you know that the crypto that you are hodling have the potential on gaining high value in the long run. If you know what ETH or BTC is, they had very low value back then, the price of bitcoin in 2009 was less than 1 dollar or we can say that the price of bitcoin in early months of 2017 was only ranging 800-1300 dollars, also ETH`s value was only 8-200 dollars. So how can you say that hodling has no good outcome? Those who hodl potential coins back then are now rich.
Umkar
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August 23, 2018, 06:24:55 PM
 #74

Crypto currency is intended not only for retention for profit or trade purposes. The main purpose of crypto currency is an alternative payment system to the currently existing currency. Therefore, it is not necessary that all holders of the crypto currency learn to trade it on the exchange. Not everyone is given it and not everyone needs it. In addition, not everyone will have enough time to trade. In general - to trade or not, this is a private matter for everyone.
blindminer
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August 23, 2018, 09:23:50 PM
 #75

Lazy? Really? Does HODL really meant like that to you?
Have you imagined what if no one HODL's bitcoin as an example?

Will you really see this kind of price and also will this altcoin be created if they did not see bitcoin grew like this.
You might want to rethink on what you are saying.
Give thanks to those who hodl for they are the courageous ones who believed in the technology and not just money which you are referring too.

It is not being lazy. You are just too greedy to want fast money in your pockets.
I agree, that was a strong statement though, holding is still advisable though, because you have no choice but to hold, because you'll really suffer a big loss once you sell, I agree that it was thanks to people who's still holding and giving faith to Bitcoin, I'm surprised that the price where Bitcoin is stable is really high, and most of the people are complaining with that. If you're endorsing some post like this, then you're making the market suffer more, this post might influence some people to sell, and that will lead to a loss again to the market that's just recovering.

There are many opportunities in crypto, whether it is long time investing, trading, education (ie coding) and you can do this in many different shape and forms...so it's pretty pointless tovtalk other people into your style, everyone needs to develop their own one.

beryziq
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August 23, 2018, 09:34:02 PM
 #76

HODL is not advisable !? Are you serious?  Roll Eyes

When the market situation gets worse, when cryptocurrency prices are lower than when you buy, I think the HODL is the sanest of action than selling and losing your money.  Cheesy Cheesy
DanTalksCrypto
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August 23, 2018, 10:03:15 PM
 #77

Have you thought about trying depth chart analysis? I discovered it recently and it allows you to view short-term sentiment and momentum, and then trade off it. I am now making 1-2% consistently on the majority of my trades, getting in and out quickly. Losses are contained when the market moves against you.

The discord community I learned this from are great. Check it out: Join Voodoo Crypto Discord

Any questions, let me know!
triciaa478
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August 23, 2018, 10:17:25 PM
 #78

In this bearish market HODL is not advisable as a trading strategy. It is only  those that don't know any strategy to profit from the market that advocate HODL. It is better to trade your than hold while the market keep going down.
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August 23, 2018, 10:19:41 PM
 #79

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.
That basics that you want to tell us is to buy low and sell high, so of course you have to hold it if the market is in bear trend. A traders can do different strategy of trading even if the market is on bear trend but it requires them to invest in more altcoins rather than a single or two tokens. This is to diversify their investments if the market is declining most of their prices.

weeks65
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August 23, 2018, 10:50:30 PM
 #80

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 can see that the market is in a bear market in the long run, bitcoin prices are constantly fluctuating and adjusting very strongly, so to be able to trade successfully is very difficult, if you hold the risk will be very high if bitcoin prices continue to fall sharply and can not recover. You can only hold when the market is rising.
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