slaman29
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November 16, 2018, 07:43:18 AM |
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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.
Of all the replies above, this is the one that so many traders ignore. Luck! So many people tell you about strategies that work, how they made 90% or 99% successful trades last year, how every price change was something they called all the time ago. But they weirdly just don't stop for a moment to think that maybe they just got lucky. Not saying it's all pure luck, but people should recognize that sometimes, things go your way but not for the reasons you think. And it's 50/50 some days whether price goes up or down. |
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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dentolas
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November 16, 2018, 08:02:17 AM |
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Well, I agree with your points, nevertheless there are several details that need to be addressed...
If someone needs to copy another person strategy for holding, it won't be capable of developing their own strategy for trading...
holding and trading are 2 different things by definition, nevertheless there is a grey area where both cross... for example, holding ETH would be a good strategy at the end of 2016, where you would have bought at 10$ or something like that, but in 2017, as part of a good holding strategy, you should have sold a good part of it above 1000USD and conserve the remainings (that would be very profitable even today)... crypto market is always on the rise for long term views
Of course that people that have arrived at the end of last year, and bought at the high point are all feeling bad about it and are now against holding... but we need to see things on relativistic aspects...
Same as trading, day trading and not holding can make you loose a lot of opportunities... as well as holding without trading, that can make you miss your chance to sell at a good profit
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manggis97
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November 16, 2018, 08:16:20 AM |
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Yes become holder is dangerous if we don't use risk management, although we want to hold that coin for a few years is better use risk management, like use stop loss. Because all crypto was dumped 75% to 95% from the top price. By use stop loss we can reduce the risk of holding. By use stop loss we can make better profit by buy in the bottomed and just wait for next bull market.
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faceoff97
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November 17, 2018, 10:49:01 PM |
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Can I add one more thing, it is the danger of choosing a wrong storage of funds or coins. Most holders are putting their investment in a closed source wallet or exchange. They buy great volume of coin not knowing that they don't have full control of their funds. Holding should be in an open source wallet (like Holder wallet) so you could see any potential vulnerabilities and get it easily fixed. I always discouraged people to store on exchanges because the fund can be stole anytime tge third party wanted.
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okala
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November 18, 2018, 05:15:42 AM |
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That is truth if we can just invest and holds for a very long time there is no way we would not make profits. Trading is a game and you have to play it well in other to be able to make profits. I decided to focus on ethereum and ripple this days because there are too cheap and if one can buy them now hold for the next three years there is no way you will not make profits.
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MahalQu2612
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November 18, 2018, 01:43:02 PM |
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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.
As I can see with, the danger of being Holder is if the coin you keep it in a long term is not a potential altcoins, though for you it was a good coin. Then, you hold it for a months until years come but in the end it is just a piece of shit useless coins instead of increasing it decrease its value. Don't just get easily believe in the rumors of the crypto news in this field of industry. |
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Vinz1978
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November 18, 2018, 01:51:08 PM |
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That is truth if we can just invest and holds for a very long time there is no way we would not make profits. Trading is a game and you have to play it well in other to be able to make profits. I decided to focus on ethereum and ripple this days because there are too cheap and if one can buy them now hold for the next three years there is no way you will not make profits.
Yes, I think it's time to buy ETH and XRP these days while these coins are really in sale. The future of these coins are bright and full of potential. These two altcoins are battling for the second and third places. Holding maybe for at least 3 years would be good. Imagine you're just like investing in an insurance company. Aside from these altcoins, you can distribute your capital in buying BTC also. However, the danger of holding comes when you're holding not so significant coins. Though this offers higher profit for sure, but a much higher risk. |
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Xising
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November 18, 2018, 02:55:18 PM |
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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.
Basically, what went down with what you did mate is the length of time. Although Hodling in this market really entail a period of time, it still variesa and trying to think that the longer you hold a coin would make its value increase is not so applicable now since the market has always been in a bad spot, and more than increases, many token lose their value or even die out. Therefore, short term investments are better these days. |
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Kevin77
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November 18, 2018, 03:41:52 PM |
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Can I add one more thing, it is the danger of choosing a wrong storage of funds or coins. Most holders are putting their investment in a closed source wallet or exchange. They buy great volume of coin not knowing that they don't have full control of their funds. Holding should be in an open source wallet (like Holder wallet) so you could see any potential vulnerabilities and get it easily fixed. I always discouraged people to store on exchanges because the fund can be stole anytime tge third party wanted.
Holding is not dangerous; it just basically depends on your state of mind in most situations. As long as you know what you are doing, you won't have a problem in any situation either you are holding or trading. At least, before deciding to become a holder, it is simply because you have no trading knowledge, and by understanding the market, the short term volatility as well as the long term potential, then you will know what you are investing into is the future and not now, and you will even take opportunity of anything that happens to the downside. Always think smart, as that is the best way you can at least get great benefits in anything you do. |
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ausbit
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November 19, 2018, 10:22:22 AM |
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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.
Of all the replies above, this is the one that so many traders ignore. Luck! So many people tell you about strategies that work, how they made 90% or 99% successful trades last year, how every price change was something they called all the time ago. But they weirdly just don't stop for a moment to think that maybe they just got lucky. Not saying it's all pure luck, but people should recognize that sometimes, things go your way but not for the reasons you think. And it's 50/50 some days whether price goes up or down. Well, that is the thing with this space right? You cannot just stop being surprised and I believe there is just a whole lot of it to come both to the downside and to the upside. What is important in the whole thing is just to try on your own part to make sure that in every way, you are taking advantage of whatever the space is dishing out to you. I see people complaining a lot when it comes to what the market is dishing to them and that is basically because they really do not have any understanding on how to approach the market, and that is one aspect where they will just keep getting things wrong. |
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fasdorcas
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November 19, 2018, 10:44:54 AM |
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Just because it has been going further down this year doesn't mean holding coins is a bad idea. I had money during the lows of 2017 and kept my money in there and sold most of it during the 2017 sky times as well as selling it during these late week troubles as well, I have to cash out every time I get paid.
The trouble of generalization like this is that you are telling people there is a risk of your money going down from 20 thousand dollar levels to 5 thousand dollar levels but you are missing out the fact that there was people who had money when it went from hundreds of dollars to 20 thousand dollars. Bitcoin literally triple itself in just a month last year. So yeah, there are risks of holding bitcoin and other crypto currencies but there is also a huge potential you can never see anywhere else.
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anume123
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November 21, 2018, 01:10:15 AM |
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Holders already expect that bitcoin's price will go down big possibilities and same to Ethereum so many of holders already sell early for their altcoins so they dont loss big enough.
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Cryptonym0us
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November 21, 2018, 05:42:01 AM |
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I would say that it all depends on your aproach - if it's an investment (long term) then hodling and adding up at lower prices is ok. If you trade though, it just makes absolutely no sense to hodl when you could be shorting for example and increasing the amount of coins you'll have by the end of the day.
Thing is trading is tough
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Keyboard PC
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November 21, 2018, 06:02:31 AM |
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it has become a risk of all traders holding assets they have and the market conditions are also falling, I'm sure that will make traders panic and want to sell their assets but you have to know that when you do that you will lose because of selling at low prices.
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hawkins
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November 21, 2018, 06:22:40 AM |
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it has become a risk of all traders holding assets they have and the market conditions are also falling, I'm sure that will make traders panic and want to sell their assets but you have to know that when you do that you will lose because of selling at low prices.
I was one of the people who panicked when the price of bitcoin declined, and of course I became a loss at this time. well, I sold the price of bitcoin at its lowest point in panic, and that was my fault. well, that's all the risk of holding a coin. |
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Aivaryamal
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November 21, 2018, 06:24:49 AM |
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Do not be afraid of this situation in the market, all the prerequisites for a bullish trend are available, while planting hamsters and investors who are afraid
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StarofBTC
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November 22, 2018, 09:19:34 AM |
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I would say that it all depends on your aproach - if it's an investment (long term) then hodling and adding up at lower prices is ok. If you trade though, it just makes absolutely no sense to hodl when you could be shorting for example and increasing the amount of coins you'll have by the end of the day.
Thing is trading is tough
That is it! Your approach to things matter when it comes to anything or investment. A lot of people came with the approach of the long term and the potential they stand to gain knowing that this market is still new and there is a huge chance for it to grow with mass adoption. Nonetheless, at the same time, a lot of people came into this space with some promises of getting rich overnight and they are now stuck in between the deep blue sea (their mind) and the red sea (the market), with confusion and fear all over them. That is what happens when you hit a market without a plan and with a wrong mentality. |
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adaseb
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November 22, 2018, 09:28:04 AM |
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You need to realize that HODL is no different than holding a stock like Apple or Amazon. Since their IPO you would of been better off holding those stocks instead of selling anytime in the past decade. However there will come a time when a stock will reach its ATH and descent from there. There are many companies that are profitable in the past and then they start losing money.
So the HODL will work but it won't work forever.
My advice is don't sell into weakness only sell into strength. Basically selling at $4000 is not smart, wait for a bounce to $5000 or $6000 and sell then.
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Arthurian60
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November 23, 2018, 07:17:43 AM |
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Everything has advantages and disadvantages. When you hold at a particular time, it tend to favour you because at a time you don't expect, the assets begin to Moon of increase in value. But sometimes, Holding can he risky. You hold and your entire money goes into the wind.
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yugyug
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November 23, 2018, 10:45:27 AM |
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I don't know what danger of HODL'er means to you, let's say like me holding a BTC for almost 3 years from a price start of less than 1k USD then sold some of it @ nearly 20k ATH from January , then price drop to almost 5k then buy and hold it again for another 2 to 3 years plus the holding the remaining BTC bought 3 years ago. So does it really mean it would put me in danger with that kind of simple and boring holding strategy ? Since i gain more than 15x from my initial capital of less than 1k, 850 USD approx.
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