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Author Topic: HODL is not advisable!  (Read 2108 times)
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September 08, 2018, 10:56:00 PM
 #281

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.

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September 09, 2018, 06:03:33 AM
 #282

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.
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September 09, 2018, 06:35:52 AM
 #283

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
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September 09, 2018, 06:39:34 AM
 #284

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.


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September 09, 2018, 08:37:50 AM
 #285

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.

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September 09, 2018, 09:14:30 AM
 #286

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.

And we won't have such an environment unless and until the prices exchange rates become stable, and not stable as we understand it given the insane volatility of the crypto market but rather as the rest of the world sees it. In practice, it means that Bitcoin, Litecoin, whatever, should be more stable that the majority of fiat currencies which are now circulating inside the world economy. And they should be so stable long enough for merchants to start trusting them as a valid means of payment. I don't think it is ever possible, at least not until most coins have flown into the real economy.

This is an apparent chicken-and-egg problem in itself. Merchants won't accept crypto due to its high volatility but this volatility won't go away until merchants start to accept crypto. And it doesn't look like this paradox is going to be resolved soon.
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September 09, 2018, 09:31:46 AM
 #287

Yea, totally. You can lose a lot of opportunities by holding a bag that can went 2-3-5x and go back in price. If you share some vids that helped you that would be nice btw

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September 09, 2018, 10:18:27 AM
 #288

Here, many have a situation that they are forced to HODL - coins were bought at a high price and now the price has fallen very much. There is nothing to wait for the return of the price, otherwise there will be a big loss. Many people are waiting for the return of prices to the previous level - at least bitcoin up to $ 10,000. Perhaps this will happen soon - maybe not this year, it's hard to say. In occasion of reception HODL-a true decision in some cases-but is more correct when means in a turn.

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September 09, 2018, 10:43:21 AM
 #289

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.



Or you don't need to buy 1 full BTC if you don't have the needed funds at the moment. What you can do is buy in small portions and that's it. You wouldn't even noticed that you have already save 1 BTC and then hold. I wouldn't say that HODL is not advisable because people with no trading experience will agree that this is the best method, no risk, just mentally strong to hodl during panic crash of the market.

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September 09, 2018, 01:08:22 PM
 #290

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.


It depends on the situation of the market. We should know when to buy and when to sell depending on the market flow. If the market situation is in dip or red, holding is advisable. When the market is in green and all the prices are good, it is better to sell and buy when the prices are low.

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September 09, 2018, 01:16:48 PM
 #291

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 dont know how to enter and exit on a market, just follow the simpliest rule. buy low and sell high this includes hodling and waiting for your coin to go up. hodling is like patience its a virtue.

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September 09, 2018, 01:43:18 PM
 #292

everyone has their own beliefs and choices, so we can't sense situations and choices because whatever, if they play to sell at a low price then that is their decision, and I see many people who can't hold patiently and that is wrong decision

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September 09, 2018, 03:44:15 PM
 #293

It all depends on the context of what you mean. Holding is good only when you know when to sell and when to hold. Holding without knowing when to sell isn't so cool as well. You must know when to sell and when to hold
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September 09, 2018, 04:46:30 PM
 #294

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.


Yes it would be the most logical thing to do, but now people who planned to buy when bitcoin is low fear it might go even lower and they loose more. Buy low sell high is as simple as it gets but the human mind is full of traps that make you blind for the obvious.

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September 09, 2018, 05:06:57 PM
 #295

everyone has their own beliefs and choices, so we can't sense situations and choices because whatever, if they play to sell at a low price then that is their decision, and I see many people who can't hold patiently and that is wrong decision
If it's like you say that each person has their own beliefs  and choices  , then creating this forum is not  helpful and the topic is getting  redundant.The advice given to the newbie is very necessary and I think we should encourage it.


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Bagaji
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September 09, 2018, 05:36:46 PM
 #296

One cannot complete say holding crypto currency is not good because a lot of people has made huge sum of money from holding their coins over a period of time while others must have lost while holding at a wrong time. For me, the time to buy and hold for a period of time is now.

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cleberw3b
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September 10, 2018, 03:27:52 PM
 #297

One cannot complete say holding crypto currency is not good because a lot of people has made huge sum of money from holding their coins over a period of time while others must have lost while holding at a wrong time. For me, the time to buy and hold for a period of time is now.

Today's price is undervalued as we come close for the previous ATH from late summer.
Omega Weapon
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September 10, 2018, 03:43:18 PM
 #298

for those who have little knowledge about crypto currency trading, of course with holding is their final choice, because they still believe in the principle of buying low prices and selling at high prices, and they are greedy to get big profits by continuing to hold their coins
It is the opposite, those that choose to hold their coins are doing it because they understand very clearly that trading your coins can be profitable but the chances of being one of those people that make profits out of this market are very low, so instead of taking the incredibly risky path of trading they choose the safer and more secure path of holding and making profits that way.
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September 10, 2018, 03:53:24 PM
 #299

for those who have little knowledge about crypto currency trading, of course with holding is their final choice, because they still believe in the principle of buying low prices and selling at high prices, and they are greedy to get big profits by continuing to hold their coins

well, I guess holding is depend I think in the coins we hold. But most of the time Holding coins in a long terms was always good methods for those who have a bit doubt in the coins they hold. Though most coins/altcoins now are undervalued or declined situation. But it still good hold just be patience and time will come for sure we can achieve what we are waiting for isn't right.


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September 10, 2018, 07:27:03 PM
 #300

One cannot complete say holding crypto currency is not good because a lot of people has made huge sum of money from holding their coins over a period of time while others must have lost while holding at a wrong time. For me, the time to buy and hold for a period of time is now.

Today's price is undervalued as we come close for the previous ATH from late summer.
The fact is that the technology block chain is even very much in demand even today, so the Crypto currency also has good potential in the future. Proceeding from this, it is possible to say with certainty that the crypto-currency market is stabilizing unambiguously.

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