Dangers of a HODL’er:

[otundebis]

Distraction is the main issue to holding long term!  Holding is easier said than done.  There are many factors that militate against holding up long term which must be tackled and plan for well in advance!

[Mahanton]

I have done that, when I invested coins, when the coin fell, then I bought it, after a few days the coin dropped and as a result I got 80% loss, this made me shock!

It seems that you don't get the latest info about tokens that you hold, your strategy is good, you can buy below your selling price, but unfortunately luck has not come to you.

 There are some coins that I have held for almost 8 months, and there hasn't been any development until now, I am just patient and believe that the tokens I hold will reach the price I want in the future.

I do really believe that crypto investment is somehow needs to be tied up with some luck because we wont know on which one would really able to have an active development ahead.
They might be good on initial phase but on long term process they completely stop and failed which would cause for the dump and leave you into the situation of waiting forever.

Distraction is the main issue to holding long term!  Holding is easier said than done.  There are many factors that militate against holding up long term which must be tackled and plan for well in advance!

Psychological and Emotional problems will really be faced up along the way.

[usekevin]

1. Lethargy during a sideways market
2. Disregarding your strategy
3. Chasing somebody else’s dream
4. Believing somebody else’s FUD
5. Using money that you shouldn’t be
6. Failing to properly do a self risk analysis before investing



If you can cope with these dangers then this type of investment will do well for you. This is a hands-off, long term method of investing. DYOR, find good coins with bright futures, buy and hold. Don’t worry about the daily percentages

Not only holding after purchase is negative things. Everything in this world had some positive and negative in it .You said , holding is like believing in others FUD. Somewhat true.But you will get profit from your holding and not them.The people who use to predict the price of bitcoin and Ethereum is the people who use to inverse their money in those currency. So surely they will have some knowledge in that.

[GregH37]

I was hold some good coin since september last year untill now but the result is very bad, i loss more than 80% . And from this case i will never to be hodler again, i think will be more profitable to do swing trading or day trading. Holder can be make profit in more than 3 years and i can not wait for that long.

You have to make sure before holding, that the coins you save are really potential and have a high price in the future, don't let you buy and hold altcoin that is not trusted and has no potential. then if you intend to hold, don't get eaten by gossip and fud, because that will only hurt you..

That is just the thing, and you should also know where you really want to be buying from, but in most cases, holders usually do not care, since what they are after is the long term growth anyway. The OP simply did not put into place the idea that if you are not a trader or one that is experience to go the long term trend fluctuation opportunity and could spot it easily, it would be hard to even know what to do.

I have seen people because of statement like his that holding is bad, then ending up making some decisions out of ignorance and regretting it in the end. If you know you do not have any plan than to just hold on for the future, which is actually a plan as well, irrespective of all the short term noises, then, you are still game as far as I am concerned.

[karungbitcoin]

There are some different way to make money in crypto like day trading, swing trading and holding and all of these way need skill to make profit. We should be know when should be start to do it, for how long and what percentace of take profit and stop loss. Because all of that way has risk, so we should be have risk management. Never thinking crypto will bullish forever because the bullish and bearish anytimes will be changed.

[Ains_sama]

1. Lethargy during a sideways market
2. Disregarding your strategy
3. Chasing somebody else’s dream
4. Believing somebody else’s FUD
5. Using money that you shouldn’t be
6. Failing to properly do a self risk analysis before investing



If you can cope with these dangers then this type of investment will do well for you. This is a hands-off, long term method of investing. DYOR, find good coins with bright futures, buy and hold. Don’t worry about the daily percentages

Thank you for your advice. I also hold several coins, for long-term investments. to summarize all of that, I only made one reason. that is, keep believing in yourself. and get out of the market when you hold it. then come back when you feel it's time.

[Iykecollinz]

Getting emotional with the market is the summary of it all, it makes to look beyond real market controls and analysis and concentrate on hope and believe. This was the greatest undoing of majority of crypto holders this year, not knowing when to take the exit either in profit or loss was the reason why so many are still bagholding to a huge loss

[upsidedown75]

I think all holder now loss alot of money since january because all altcoin dumped to 1/10 to 1/20, and that coin should be going up to 10 -20 times more to recover loss. So from this historycal price of crypto, to be hodler is very risky and we should be not do it and change idea for to do day or swing trading with better risk management.

It depends on you as an individual or a holder, losing money is just dependent on what you are looking at but it does not necessarily mean there is danger in doing so.

We have had a lot of investors holding for a very long time now since the beginning when this space came into being, and do we want to call the fact that they are still holding dangerous. Holding for the long term is also a strategy as long as you know you have a target in terms of the development of the space overall, which is what matters anyway and unless you want to be taking advantage of the market trend as a knowledgeable trader, I do not see how holding is a big issue.

[damar09]

1. Lethargy during a sideways market
2. Disregarding your strategy
3. Chasing somebody else’s dream
4. Believing somebody else’s FUD
5. Using money that you shouldn’t be
6. Failing to properly do a self risk analysis before investing



If you can cope with these dangers then this type of investment will do well for you. This is a hands-off, long term method of investing. DYOR, find good coins with bright futures, buy and hold. Don’t worry about the daily percentages

I held the coin two years ago and after a few days yesterday I opened the price is very disappointing and I encountered a dead end will I sell or hold even though I thought it was an investment in that coin hummpzzz

[iamzill]

sometimes point 3 trusts someone else's dream can make danger for the holder, because we do not know someone's financial condition so it is better we can overcome that point to make the holder become a profit and not endanger

[Slow death]

Hold has its risks, for example:

Ethereum reached more than $1200, and today is $200

People who bought have a lot of losses

NEO reached more than $150, and today is $15

many people are at a loss

Stratis reached more than $18, and today is $1, yes this is a Big loss, I can not even imagine how the people who bought it when the price was $18 are feeling

[Joand_or]

1. Lethargy during a sideways market
2. Disregarding your strategy
3. Chasing somebody else’s dream
4. Believing somebody else’s FUD
5. Using money that you shouldn’t be
6. Failing to properly do a self risk analysis before investing



If you can cope with these dangers then this type of investment will do well for you. This is a hands-off, long term method of investing. DYOR, find good coins with bright futures, buy and hold. Don’t worry about the daily percentages

It’s not everyone that knows how to analysis, but it’s important that anyone that is buying and selling Bitcoin learn it. Why not? It’s your business. And secondly, I can’t invest money that is not my own and try to HODL with it, neither will invest a money I can’t afford to lose. Next is that I can’t buy Bitcoin or any coin and be less concerned about it if I had no intention of holding it for long cause you may never know what follows next.

[Gibreil]

1. Lethargy during a sideways market
2. Disregarding your strategy
3. Chasing somebody else’s dream
4. Believing somebody else’s FUD
5. Using money that you shouldn’t be
6. Failing to properly do a self risk analysis before investing



If you can cope with these dangers then this type of investment will do well for you. This is a hands-off, long term method of investing. DYOR, find good coins with bright futures, buy and hold. Don’t worry about the daily percentages

If there is no hodler of coin, probably prices moves down until it becomes 0 value. I believe that there are dangers in holding coin per individual person but it helps a lot for the community to be strong even there are storm. If we always hold coin and does not sell it at low price then we will make dollars of money.

[thunderbitz2717]

1. Lethargy during a sideways market
2. Disregarding your strategy
3. Chasing somebody else’s dream
4. Believing somebody else’s FUD
5. Using money that you shouldn’t be
6. Failing to properly do a self risk analysis before investing



If you can cope with these dangers then this type of investment will do well for you. This is a hands-off, long term method of investing. DYOR, find good coins with bright futures, buy and hold. Don’t worry about the daily percentages

This is a good tips and help to anyone here also. Most of the traders hold their coins without any reason actually. But they never know if it is potential or whatever, and some are just relying on their feelings in luck which is not right in my opinion. So, when declining price value happen many became panic on it due to lack of knowledge about it.

[The Sceptical Chymist]

5. Using money that you shouldn’t be

This is a problem I think a lot of bitcoin/altcoin investors (at least the ones around here) run into, because for whatever reason they think crypto is a get-rich-quick scheme, and it's not--especially if HODLing is your strategy.  Thus they end up buying crypto with money that should have been put away for rent/utilities/daily living expenses/whatever.  That's when what OP describes as "lethargy" sets in, which I interpret to mean impatience that the price of the crypto you bought isn't increasing in value fast enough.

Anybody who's new to trading would do well to follow OP's points, because they're valid--and it doesn't matter if you plan on holding for the long term or are just short term trading.  Be careful about acting on what you read on websites (including this one) and those idiotic trollboxes they have on some exchanges. 

I don't quite understand the "chasing someone else's dream" thing.  I think everyone's dream here is to make a profit.  The problem is that there are too many very slick-looking scams out there that really look like they have great ideas and an organized business structure....and then the forum scam-busters expose them as frauds.  I wouldn't hold any ICO token for the long-term.  Hell, I wouldn't hold any of those shit tokens for a nanosecond.

[Lan75]

3. Chasing somebody else’s dream

This could be the reason why some of the newbies are here. The dream of becoming rich quickly which they thought might happen in this world of crypto. There are people who are quite lucky enough to have hit the jackpot and become millionaire here quick but the percentage is very slim. We have to work hard to achieve those dreams and engaging in crypto holding is risky though but with the proper DYOR, maybe it will happen.

[perfect999]

1. Lethargy during a sideways market
2. Disregarding your strategy
3. Chasing somebody else’s dream
4. Believing somebody else’s FUD
5. Using money that you shouldn’t be
6. Failing to properly do a self risk analysis before investing



If you can cope with these dangers then this type of investment will do well for you. This is a hands-off, long term method of investing. DYOR, find good coins with bright futures, buy and hold. Don’t worry about the daily percentages

If there is no hodler of coin, probably prices moves down until it becomes 0 value. I believe that there are dangers in holding coin per individual person but it helps a lot for the community to be strong even there are storm. If we always hold coin and does not sell it at low price then we will make dollars of money.

Sometimes it is holders who are saving bitcoin from destruction and sometimes investors are the pillars who work day and night to engage so big audience by manipulating the prices to keep market alive. Just think how it would be when market is down, and no movement is being observed by anyone. It seizes to death. So awakening market is compulsory.

[iMark]

1. Lethargy during a sideways market
2. Disregarding your strategy
3. Chasing somebody else’s dream
4. Believing somebody else’s FUD
5. Using money that you shouldn’t be
6. Failing to properly do a self risk analysis before investing



If you can cope with these dangers then this type of investment will do well for you. This is a hands-off, long term method of investing. DYOR, find good coins with bright futures, buy and hold. Don’t worry about the daily percentages

If there is no hodler of coin, probably prices moves down until it becomes 0 value. I believe that there are dangers in holding coin per individual person but it helps a lot for the community to be strong even there are storm. If we always hold coin and does not sell it at low price then we will make dollars of money.

Sometimes it is holders who are saving bitcoin from destruction and sometimes investors are the pillars who work day and night to engage so big audience by manipulating the prices to keep market alive. Just think how it would be when market is down, and no movement is being observed by anyone. It seizes to death. So awakening market is compulsory.

Traders and holders have their own role for the bitcoin market, there are tens of millions of users in the bitcoin, whether it's a holder or trader but both are equally helpful. you don't need to worry if there are too many holders, when prices are without movement, the holder makes bitcoin stay alive, there will always be investors or trader, and price movements will definitely happen always, dont worry.

[glowing10]

Hold has its risks, for example:

Ethereum reached more than $1200, and today is $200

People who bought have a lot of losses

NEO reached more than $150, and today is $15

many people are at a loss

Stratis reached more than $18, and today is $1, yes this is a Big loss, I can not even imagine how the people who bought it when the price was $18 are feeling

That is the reason to have short and long term strategy where in dips you continue buying and sell on high . When people buy on high or in rising market they should have short term goals and sell it. Also it is this time where market has not risen else it hasn’t always recovered well and people holding have made money .

[damar09]

I dont know what happen on cryptocurrency
Seeing the current price is astounding for me in 2018 is a year full of surprises for cryptocurrency holders