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Author Topic: HODL is not advisable!  (Read 2108 times)
yndye
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September 05, 2018, 01:25:28 AM
 #241

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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September 05, 2018, 06:29:03 AM
 #242

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
 #243

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
 #244

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
 #245

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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September 05, 2018, 01:32:36 PM
 #246

There are right times for hodling and right times for selling, I think.
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September 05, 2018, 01:36:13 PM
 #247

I think so. Buying and keeping only makes us lose money. There are times when I have accepted capital losses for selling and buying at lower prices.
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September 05, 2018, 01:38:14 PM
 #248

I think so. Buying and keeping only makes us lose money. There are times when I have accepted capital losses for selling and buying at lower prices.

That's the right money management strategy:)
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September 05, 2018, 01:47:16 PM
 #249

That would be correct if you are not patient enough
But you accept spent more than 3 years, then I think this is a correct decision
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September 05, 2018, 02:44:00 PM
 #250

It depends on the Coin/Token you're holding mate. Not all Coins/Tokens are not advisable to hold, sometimes it is good if the Coin/Token you're holding is a very reproductive and active Crypto Community that worth holding for.
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September 05, 2018, 02:57:30 PM
 #251

This is purely dependent on what timeframe are we speaking here and the experience of the individual.

For a newer individuals starting to trade i certainly would recommend hodling more than trying to scalp/daytrade. Fees + lost trades would eat your starting capital faster than piranhas.

For more experienced traders, i'd still recommend hodling BTC besides trading. Historically BTC and majors have been a great investment and judging by the fundamentals i dont see BTC slowing down. There's development happening as we speak.
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September 05, 2018, 03:53:46 PM
 #252

Looking back on the long term I assume that hold is good. It is very suitable for those who do not have much knowledge of the transaction. It's also very safe, just be patient.
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September 05, 2018, 05:11:14 PM
 #253

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.
NO! I disagree with you because I think in certain situations the HODL is the sanest advice to do.
It is important to have different strategies to deal with different market situations. And the HODL is one of them.

I also do not understand those people who do not recommend the other guys holding altcoins and Bitcoin. As the crypto is the currency of the future, it is evident: the digital money will grow with time.

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September 05, 2018, 05:19:34 PM
 #254

Looking back on the long term I assume that hold is good. It is very suitable for those who do not have much knowledge of the transaction. It's also very safe, just be patient.
For some reason, hodl is not that advisable unless it is bitcoin as it can really goes up too much at the right time, but when it comes to altcoins there is no assurance or guarantee that it will go up just like how much bitcoin goes up, that is why we need to be in touch with the market and news as well so that we will know how we are going to do.

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September 05, 2018, 05:35:59 PM
 #255

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.
NO! I disagree with you because I think in certain situations the HODL is the sanest advice to do.
It is important to have different strategies to deal with different market situations. And the HODL is one of them.

I also do not understand those people who do not recommend the other guys holding altcoins and Bitcoin. As the crypto is the currency of the future, it is evident: the digital money will grow with time.

hold is done only for long term investment, but if you don't want long term investment then i suggest you not to hold your coin because there are a times that the price can falling down and you when ypue get panic for sure you will lose your money ,so think first if you hold a coin or you will trade it.

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September 05, 2018, 07:34:49 PM
 #256

Wonder why some people  are  bothering holders unnecessarily. Cryptocurrency is valuable because of holders just as dollar is valuable because of both American and foreign holders. Saving hasn't  stop people from spending or trading dollars.
Imagine fiat currency without  savings in banks - banks will operate in huge losses... very few will survive... they all depend on your savings. Cryptocurrency is no different. Holders are needed, Spenders are needed, Traders are also needed, all for the good of Crypto.


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September 05, 2018, 09:39:09 PM
 #257

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.
NO! I disagree with you because I think in certain situations the HODL is the sanest advice to do.
It is important to have different strategies to deal with different market situations. And the HODL is one of them.

I also do not understand those people who do not recommend the other guys holding altcoins and Bitcoin. As the crypto is the currency of the future, it is evident: the digital money will grow with time.

hold is done only for long term investment, but if you don't want long term investment then i suggest you not to hold your coin because there are a times that the price can falling down and you when ypue get panic for sure you will lose your money ,so think first if you hold a coin or you will trade it.
In 2017, when the cryptocurrency market becomes a global financial market, holding is a simple but extremely effective way to help investors make a big profit. But from the beginning of 2018 until now the market downturn and continuous decline so hold is no longer a poor investment way in this period.

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September 05, 2018, 10:21:43 PM
 #258

Looking back on the long term I assume that hold is good. It is very suitable for those who do not have much knowledge of the transaction. It's also very safe, just be patient.
Being patient could help when you are holding your coins. But, take note holding is depends on a certain coin if it is good for long term investment. Some coins didn't maintain the value in the market so you have to analyze if it is really worth holding.


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September 05, 2018, 10:35:07 PM
 #259

I agree with your opinion. I think doing daily trading is a good strategy for making profits rather than just continuing to survive. in my opinion, people who hold a hold strategy are lazy people, who just keep waiting for prices to rise above. they will not get results when prices remain stable. but people who trade, maybe they still get income. by utilizing the rise and fall of market prices. all really need to learn about the basics of trading. and indeed many tutorials that can be read. the most important thing is we want to try to learn and not be lazy to read often.

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September 06, 2018, 02:44:30 AM
 #260

The price movement is good and price is rising which will affect other crypto and in present time i think that i should buy more coins and hold for the next year because it is also a saving behavior and in the future i will sold my investment because i like to buy a house for my family.
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