HODL is not advisable!

[cleberw3b]

I agree that you have to know when to hold and when to sell it when there's opportunity and wait for lower entry price to buyback later. You can make higher amount of money trading rather than just holding your coin for a long time, holding is find if your investment time frame is more than 2 year.

What you said is true, but remember that Bitcoin was created not to be an investment, its proposal is to be sound money. If you relate it to dollar or any other fiat currency it is an investment, but if you relate it to a store of value, goods and services then it is real money.

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[Dudeperfect]

Well, I am not against speculation but honestly believe that we should give first preference to use Bitcoin or any other cryptocurrency as a payment system instead of looking at it as a speculation instrument in the first place. As of now, I am holding 50% of the funds and spending rest 50% funds as I believe that the movement is a growth. The early adopters spent their funds as a payment instrument and then only cryptocurrencies gained value. Now, it is our responsibility to do the same as our contribution to the growth of this innovation & industry.

[posi]

I agree that you have to know when to hold and when to sell it when there's opportunity and wait for lower entry price to buyback later. You can make higher amount of money trading rather than just holding your coin for a long time, holding is find if your investment time frame is more than 2 year.

Yes, ones need to know that right time to buy dip which I believe that's pretty simple to know or ask on here and you said spending time trading can bring higher profit than just holding which I agree but how can someone who barely know the right time to buy dip, trade successful?

[weeks65]

I agree that you have to know when to hold and when to sell it when there's opportunity and wait for lower entry price to buyback later. You can make higher amount of money trading rather than just holding your coin for a long time, holding is find if your investment time frame is more than 2 year.

Yes, ones need to know that right time to buy dip which I believe that's pretty simple to know or ask on here and you said spending time trading can bring higher profit than just holding which I agree but how can someone who barely know the right time to buy dip, trade successful?

I think that if you continue to buy and hold coin at this time you will continue to lose heavily, the market is bearish in the long term and I believe the bitcoin price will be able to continue fluctuations. and more aggressive and may drop to $ 5000 in the near future. So if you buy bitcoin at this moment I believe you will definitely damage very heavily. The market will continue to fall sharply in the coming time.

[Wakhid Mukti]

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.

Yes, that is true. HOLD is not the main choice in playing on cryptocurrency or even the stock market. We must dare to move and keep trying to increase our assets in the way you mentioned earlier, "scalping". Of course, this is indeed a heavy start, there are many media that we can use to learn and do not have to use large funds, because our goal is to increase assets by collecting little by little. Hold does give a big advantage but it takes a lot of time and energy.

[shulc7]

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.

Unfortunately, most HODLers do not see any sense in trading as they simply dub it to be very risky. But how can they cope with a perpetual bear market as we're in without a good root in knowledge and trading. A common mistake is the belief that HODLing is one and same with trading.

I understand these guys, who are afraid to risk and choose holding. If you trader now, in more than 60-70% of the cases, you will lose. Thus, people are simply cautious.

[Hell-raiser]

Well, I am not against speculation but honestly believe that we should give first preference to use Bitcoin or any other cryptocurrency as a payment system instead of looking at it as a speculation instrument in the first place. As of now, I am holding 50% of the funds and spending rest 50% funds as I believe that the movement is a growth. The early adopters spent their funds as a payment instrument and then only cryptocurrencies gained value. Now, it is our responsibility to do the same as our contribution to the growth of this innovation & industry.

If wishes were horses, beggars might right. As I'm inclined to think, many of us would be happy to use crypto as a means of payment (though probably not Bitcoin), but there is no real benefit in that, only expenses. For example, you can order a Bitcoin payment card, so you can kinda pay with crypto for your everyday needs. So far so good. But the fees you will have to pay as well exchange rates make this whole idea not very attractive overall. It would be nice if sellers and merchants accepted crypto directly, but they are few and far in between. Nowadays, you can pay directly with crypto only to people like us who are genuinely interested in cryptocurrencies. But one swallow does not make a summer.

[ellehcar]

I agree with you! HODL is not practical. Before, I thought, it will bring more profit. But seeing the market downtrend nowadays for such a very long time, I don't believe in HODL theory anymore. Many of the coins which I hodl are now going nowhere. Instead of going to the moon, it went to hell; zero value at all. I should have dealt with my greed earlier and should have sold them even at a petty price (well, at least, it had price then, though petty, unlike now). I learned my lesson in crypto the hard way.

[developer101dev]

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.

Holding is a must at the moment because the market price is currently dumping and that is the reason why you should invest a huge amount today.

[cryptorelax]

One of the leading cryptocurrency exchanges Bittrex in the USA has entered into a partnership agreement with a FINTECH company to launch a digital asset trading platform in Latin America and the Caribbean.

[OMGyasuo]

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.

With the current situation we do not know when the btc's price will increase, so the holding may be very little profit and the money spent to be able to use one or several btc is not small. With this money you can participate in trading, if not too much luckless .I'm sure the profit will be much better.

[Theaticands]

oftentimes keeping is a better option than you promoting in a loss making deal because of volatility we realize it will fall or crash however then it will also rise. It does require some time to upward push and if you may preserve for that duration nothing find it irresistible because bull run can be without a doubt brief and assist us to make money.

[blindminer]

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.   

I agree with this statement, in trading you can loose a lot of money very quickly. If you hodl you only have paper losses, unless you get to the stage of panic and selling low because of the (often irrational) fear to loose everything.

[Marcel666]

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 the time to trade actively. And also not everyone has the skill, the beauty of cryptocurrency is that it provides an option for everyone to learn, participate and earn.
It's not being lazy, is just choosing what us convinient and setting your priorities.

[Gabb]

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.

My friend, perhaps you should know that although trading may be one of the most profitable businesses that exist, not everyone has the skills, knowledge or personality characteristics appropriate to engage in trading. The historical statistics are strong in this regard, showing more than 90% failures among those who decided to try their luck in trading.

On the other hand, we can not disqualify the "hodl" as a bad strategy or a lack of intrinsic capacity. We must be aware that the crypto market is just in an initial phase of expansion and the possibilities are immense, it is only a matter of time for good cryptocurrencies like bitcoin to reach levels that will surprise you in a couple of years.

[ASHLIUSZ]

Right now users who are in need of money there is no more holding. It is always advised to exchange to the requirement, as the price keeps falling. This time each and every expertise predictions were outlawed, leading to a massive blow of the market. Who has the ability to hold longer time period HODL is good.

[Hell-raiser]

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.

My friend, perhaps you should know that although trading may be one of the most profitable businesses that exist, not everyone has the skills, knowledge or personality characteristics appropriate to engage in trading. The historical statistics are strong in this regard, showing more than 90% failures among those who decided to try their luck in trading.

On the other hand, we can not disqualify the "hodl" as a bad strategy or a lack of intrinsic capacity. We must be aware that the crypto market is just in an initial phase of expansion and the possibilities are immense, it is only a matter of time for good cryptocurrencies like bitcoin to reach levels that will surprise you in a couple of years.

As much as I want your words to be true or come true in the nearest future, that tale about "crypto market being just in an initial phase of expansion and the possibilities are immense" I heard many years ago. And somehow I think that when this market is about to bite the dust (I sincerely hope this day will never come, though), some or even a lot of people will continue to repeat this mantra. The truth is we don't know if the market is actually in the initial phase or it is already past its prime.

Regarding your other point, if trading is one of the most profitable businesses out there, how come that the absolute majority of traders are still losing in the end as you yourself point out? Yes, it may be highly profitable to the ones who can milk the market in one way or another, but they are few and far in between. The rest is just cannon fodder for them that they feed on.

[pandanaran]

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.

In my personal opinion, why is HODL now is not advisable, it refers to the current market conditions, namely where the trend is down and the market is bleeding. Regarding not having trading experience, laziness or so is because on the person not because of HODL. For example, I often do HODL, but I also often monitor the market looking for information and so on, because my principle is that I don't want to leave any information and want to continue to know the market situation as a step to making a portfolio.

[bitcoinisbest]

Right now users who are in need of money there is no more holding. It is always advised to exchange to the requirement, as the price keeps falling. This time each and every expertise predictions were outlawed, leading to a massive blow of the market. Who has the ability to hold longer time period HODL is good.

At present buying is more favorable as market has slump so you can easily buy 1 btc in 6200$ where till last couple of days back it was at 7.2k and above. So you are getting a discount of 1000$ straight way on just 1 btc. So start buying at this fall.

[Dudeperfect]

Well, I am not against speculation but honestly believe that we should give first preference to use Bitcoin or any other cryptocurrency as a payment system instead of looking at it as a speculation instrument in the first place. As of now, I am holding 50% of the funds and spending rest 50% funds as I believe that the movement is a growth. The early adopters spent their funds as a payment instrument and then only cryptocurrencies gained value. Now, it is our responsibility to do the same as our contribution to the growth of this innovation & industry.

If wishes were horses, beggars might right. As I'm inclined to think, many of us would be happy to use crypto as a means of payment (though probably not Bitcoin), but there is no real benefit in that, only expenses. For example, you can order a Bitcoin payment card, so you can kinda pay with crypto for your everyday needs. So far so good. But the fees you will have to pay as well exchange rates make this whole idea not very attractive overall. It would be nice if sellers and merchants accepted crypto directly, but they are few and far in between. Nowadays, you can pay directly with crypto only to people like us who are genuinely interested in cryptocurrencies. But one swallow does not make a summer.

Exactly! We don't have the crypto friendly market environment as of now in most of the cities around the world. However, the situation is gradually changing and I believe that we will see a better picture within next 5 to 10 years where we will be able to use Bitcoin and other cryptocurrencies without converting into any other currency. Technically, it doesn't make any sense even if I am using crypto enabled debit card because, at the end of the day, nothing extraordinary is going to happen other than just the conversion of crypto to fiat.