Do you think that the HODL approach is good bitcoin?

[jonathan6655321]

Do you think that the HODL approach is good bitcoin?
Sometimes I think that because so many people HODL it makes is easier for some big players to manipulate the price.

I wonder what the community think about it.
I personally HODL for almost a year, I made some money and lost some money, But generally, I'm positive about the long run. I'm just curious about the fact that maybe we are the one who make it possible for big companies to influence the price in such an easy way

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[chidrawarster]

I have seen many people winning in the long run rather than short term as short term they are in only for some few points. But in the long run fortunes are made if they are held for sometime. Big players also manipulate the market but sometimes wise choices are always in our hands when to pull the trigger and when to exit. We all have our own strategy of trading and booking profits.

[jonathan6655321]

I have seen many people winning in the long run rather than short term as short term they are in only for some few points. But in the long run fortunes are made if they are held for sometime. Big players also manipulate the market but sometimes wise choices are always in our hands when to pull the trigger and when to exit. We all have our own strategy of trading and booking profits.

We all have our own strategy of trading and booking profit that's for sure. My question is: Do you think that the HODL approach that most of the crypto community glory is good for the small players?
I start to think that it actually hurt us all.

[megasynk]

In my opinion HODLing makes you not emotionally vulnerable for the day to day price actions and let's you fully profit from Bitcoins potential.

[Nayborksta]

There is nothing you can do that will be bad for Bitcoin. Do whatever suits you best. You need to feel comfortable with your actions on the market.

[jonathan6655321]

In my opinion, HODLing makes you not emotionally vulnerable for the day to day price actions and let's you fully profit from Bitcoins potential.

I think you're wrong. HODL means that you sell no matter what but it also means that you keep it no matter what because you believe in this market. Believing in something automatically put emotions into the game.

[jonathan6655321]

There is nothing you can do that will be bad for Bitcoin. Do whatever suits you best. You need to feel comfortable with your actions on the market.

Sound like you compare bitcoin to god & religion.

There is a market here, What we do directly effect bitcoin price.

[boyknightvn]

If we HODL a big amount Bitcoins so that the supply is low, then investor who want to own Bitcoin will buy it with high price - the price HODL accept to sell it. So on theory, if we HODL the price of asset will rise.
If you HODLING, I think you should keep HODLING, don't care about manipulators, they just manipulate in a short time

[bitfocus]

why not? especially when people are using Bitcoin as Investment...

[BitcoinNewbie15]

Do you think that the HODL approach is good bitcoin?
Sometimes I think that because so many people HODL it makes is easier for some big players to manipulate the price.

I wonder what the community think about it.
I personally HODL for almost a year, I made some money and lost some money, But generally, I'm positive about the long run. I'm just curious about the fact that maybe we are the one who make it possible for big companies to influence the price in such an easy way

Depends on how you view Bitcoin. If you view it as a store of value, then yes HODL is a good approach for Bitcoin. Hodling takes coins of the market which creates more scarcity, so that = higher price. Although you are correct, it does increase the chances of manipulation as there wouldn't be too much liquidity in the orderbooks. However, that has been the case for Bitcoin this whole time, and that is why it's so volatile. Not everyone will take their coins of the orderbooks and hodl, a lot of people try to day trade. As the market increases in size, then volatility will decrease and BTC will be much harder to manipulate. There will always be traders in the Bitcoin market that don't hodl, and there will always be more that join them.

If you view Bitcoin as a currency, then HODL is not a good approach IMO. Money needs to change hands frequently for a currency, as this is how the economy works. HODLing is basically hoarding, and if no one wants to spend their Bitcoin, then it will not work as a currency. Once the price stabilizes I think people will only hodl to store value (like they do with gold) and at that point with LN and a stable price, usage as a currency will be no problem.

[audaciousbeing]

Do you think that the HODL approach is good bitcoin?
Sometimes I think that because so many people HODL it makes is easier for some big players to manipulate the price.

I wonder what the community think about it.
I personally HODL for almost a year, I made some money and lost some money, But generally, I'm positive about the long run. I'm just curious about the fact that maybe we are the one who make it possible for big companies to influence the price in such an easy way

Its a simple mathematics. When you have it and sell, you no longer have it again until you buy. Its that simple. Everyone should be allowed to pursue their objective in the market.

In the fiat world, despite all the amount of dollars we see in movies that drug lords keep that didn't go back into circulation, it does not makes the dollar scarce or increase its value. The assumption that holding is making the manipulation of market easy to me is not mathematically possible because by withdrawing supply with increasing demand, the price increases not the other way round like what we are having now that have led to the drop in price. The sharp drop in the price of bitcoin by almost $300 within hours is huge but there are answers to that surely not those who hold.

Also, if everyone is trading, it means bitcoin has failed to be a 'store of value'.

[anushkasachith888]

I think buying at the dip and selling at the pump is the good option to choose. HODL can be good if you are an investor who has plenty of money to invest and you have plenty of income ways. but if you don't have enough money to invest and wait longer time periods HOLD can't be painful for you. that's what thas happened to me right now.l

[MainIbem]

Do you think that the HODL approach is good bitcoin?

I personally HODL for almost a year, I made some money

You have a very good experience to tell because you held on to bitcoin for a year. What then are you jittery now?

[raven.tiu17]

Every people has their own perspective, If you are on the winning side then you should think long term. Slice a whole cake not a slice of cake. Please be involve on blockchain industry especially the underlying of bitcoin and cryptocurrencies.

[liuqi]

Obviously, It is good approach in Bitcoin because Holding is a future investment so many peoples are interested to invest this platform. But too many issues are created in crypto market so currently many peoples are avoid these things. Again Bitcoin is going to moon that day everyone believe this platform and long term investment is a right choice for this coin.

[supermine]

HODL can be good or bad depends on the run we are in like bull or bear run,yes the manipulation can be done if lot of people holding the bitcoin without the appropriate knowledge about it because most of the time the whales just initiate the price drop and the people will start to panic resulted in huge loss so buy the bitcoin if you know the risk behind it.

[burkay]

Making investment tools hodl is a way to gain long term, but you must have a patience like steel. I'm not in favor of hodl personally

[Anish02]

Yes, absolutely hodl is the best thing to make a good amount of profit without taking much risk. So basically if you are holding your bitcoin until its price increases, then you will never suffer from the loss.

[Slow death]

Do you think that the HODL approach is good bitcoin?

I do not want to look meanly here, but I realized that Hold brings greater benefits to the rich because the rich can invest a lot of money
and they can Hold for many years. Let's give an example:

Last year bitcoin reached more than $17,000. A rich could take $5 million and buy bitcoin at the price of $17000 and hold for many years. Even if now the price has dropped to $7000, for the rich this is not a big problem, because the day the price recovers he will have huge profits. But imagine someone who invests only $1000. Profit will be very low... And that's why a lot of people rush to invest in altcoins that have the potential to have huge price increases over the long term.

Sometimes I think that because so many people HODL it makes is easier for some big players to manipulate the price.

I did not see anyone show proof of who is manipulating the price, I see some groups of pump and dump when it comes to altcoins.

[BALIK]

For bitcoin and most good altcoins I think it's a good approach, but you definitely need have strong willpower to be able to do so, to ride out the inevative bear periods that will come between. In the end, Bitcoin should be able to reach a value of $100,000 but it will just take up to a decade to get there. So long as you can hold off unti then, there's plenty of potential for the long term.