Dangers of a HODL’er:

[coinplus]

The trouble with these type of people is that they have been in bitcoin for short amount of time and only saw the direction that it took for 2018 and decide that holding is a bad investment to bitcoin.

However, they are wrong because of two things, first of all if you have been holding for the past 3 years you probably made more money thanks to bitcoin than anything else in your entire life since it was incredibly cheap three years ago. That's the first thing they are wrong, only the people who have been holding for 1 year has "lost" money (not lost if you don't sell) but all others made profits.

Secondly if you ask anyone and I mean ANYONE if they believe bitcoin will be higher in 10 years they will say yes, even the people who hate bitcoin will have to agree bitcoin will be a lot more in 10 years and will bring more profits to you compared to any other investment.

[bravehearth0319]

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.

May I know what coin is that mate that you are holding it since last year as you said in your statement?
Because for me one of the risk of being a holder is that if you choose the coin which is totally wrong and don't have any
 capacity to increase in the near future.

[chenille]

HODL is a very good strategy if you don't want to waste your time with trading. But it's very important to get the right entry. If you enter in a hype, when price is enormously overvalued HODL is a very bad strategy. But if you enter in a market situation when the price is very low again (maybe like now, we are down from ATH around 80%) is perfect to enter for long term.

You can just buy some coins, deposit them on a safe wallet and look for a sell in maybe a few years. Every month you can check the value to get an impression if you can sell already. But most profits will occure in the long-term.

[jagdeepjd]

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 all of them but I have followed a few of the principles for some of my coins which I am looking to hold for long term. The current market condition does give a tough time when the holding coins go deep down which I never thought. But hopefully, it will be worth it.

[Coin-1]

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.

These are golden words backed by big financial losses. The HODL strategy was profitable in early times when not many people knew about crypto currencies. Coins were very cheap. Often investors who want to sell coins say to others: "Hold your coins". This is beneficial for sellers, because they can comfortably cash their crypto currencies at a high support level.

Honestly, I did not advice to recklessly do HODL coins. Trading is more reasonable decision to gain a profit on such volatile crypto exchange markets. Therefore these "dangers" look like attempts to set some holders against the current global negative trading trend.

[Pikachu12]

right. I was once a genuine HOLDER and I suffered a loss of over $ 2000 for a token. I had nearly $ 3000 TKY at the beginning of 2018. And now my TKY is only $ 600. That is a bad thing but I think we should still put our faith in it.

[LuvCyanide]

I am willing to hold some coins for up to 5 years. For me this is the norm. I know that I will benefit in the future. I carefully approach the choice of coins for investment.

[jhonjhon]

I am willing to hold some coins for up to 5 years. For me this is the norm. I know that I will benefit in the future. I carefully approach the choice of coins for investment.

You aren't be profitable if you'll keep on holding.  I'll do myself finding strategies to work even in the bear season and it seems to be effective but it really need time and focus. It gonna be more productive if bull run occurs. Hope you'll find ways also and leave the way of just holding.

[GrayFullbuster]

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

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

These are the main dangers of the hodlers. It is really risky to hold a coin especially if you do not have enough information about what it is. We should also have technical analysis skill for us to know if it is worth it to hold the coins that we have.

[Bosx1ne]

The risk that holders are currently facing is the volatility of the cryptocurrency market. Like right now, they keep losing their money because the market is unstable. It is better if we will do research first before we hold a specific cryptocurrency.

[BlueStackz]

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

All of them are dangers that anyone can face in Hodl’ing cryptocurrency but I believe that the number 2,5 & 6 are the main problems here. One should never disregard their own strategy, whatever strategy you have decided to use at the beginning and you believed it was going to work for you, then you should stick to that and disregard it because of what others are saying.

And never use any money that you’re not meant to use in trading cryptocurrency cause you might lose it, just use what you can afford to risk. Lastly, doing self analysis is what anyone shouldn’t fail to do, cause most of the times it’s not good to rely on other people’s analysis, majority of them are always wrong.

[legenduim]

I think people who are holding the coin in the long-term, will make a huge amount of money instead of people who are trading daily. So instead of bothering panic about the market, it is very good to keep holding your portfolio because in the coming days you might see the growth of coin price hugely.

They can make much money only when the market is pretty stable, and the cryptocurrencies are growing steadily. If a hodler misses the opportunity to sell his crypto when it is extremely expensive, he can lose finally.

[astridwi]

crypto is a good profit investment but has a high risk, if you know crypto well on everything, it will not be difficult to analyze the increase and decrease in crypto prices for the future. there is enough to buy some potential coins that fill the long-term investment portfolio

[asyakashi]

I am willing to hold some coins for up to 5 years. For me this is the norm. I know that I will benefit in the future. I carefully approach the choice of coins for investment.

I'm not sure you did it, the market rose and fell freely. I doubt you are strong with this situation.
there are decisions that must be made to make a big profit. if you have a big profit don't miss to sell it.

[Kotone]

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 say it really depends, if you have a fundamentals as your bias why not, they just keep on buying on the effin dip. Then averaging down on the losses and when it really gets pump they will be the last ones to laugh l

[virasog]

hold is very harmless even this will save us from danger. hold is the most suitable choice when the market is unstable and the price of the coin falls. indeed, waiting is boring, but after we get the results, the boredom will pay off.

Harmless? Nope! Hodling may be safer than active trading but it does not guarantee profit. That's because we don't know what the future of the coin we're holding could be. The danger is missing out on a coin's peak or close to it, and then the coin crashes. That's why it's important to have a target point of exit when you hodl.

Well Holding and active trading both have benefits and disadvantages  too. On one side Holding is a safe option as there is almost zero percent chance of risk but at same time a trader can get more profit by actively trade from his portfolio.

[Zadicar]

hold is very harmless even this will save us from danger. hold is the most suitable choice when the market is unstable and the price of the coin falls. indeed, waiting is boring, but after we get the results, the boredom will pay off.

Harmless? Nope! Hodling may be safer than active trading but it does not guarantee profit. That's because we don't know what the future of the coin we're holding could be. The danger is missing out on a coin's peak or close to it, and then the coin crashes. That's why it's important to have a target point of exit when you hodl.

Well Holding and active trading both have benefits and disadvantages  too. On one side Holding is a safe option as there is almost zero percent chance of risk but at same time a trader can get more profit by actively trade from his portfolio.

Don't know where you do get that zero percent chance of risk on just simply by holding. Even we do talk about on holding bitcoin for long term it wont still give out that 100%
safe of your investment.We might able to see the potential for long term but doesn't mean it we are totally safe with it. Holder or Active trader both do have corresponding risk
so its up to a person on how he do handle up or organized his investment by its own ways,

[leowonderful]

Yup, HODLing has some risk but it's generally less than trying to trade if you're inexperienced at trading, though this varies from person to person. Bitcoin could completely die off and never recover to whenever you bought in, and you'd never make any profit (however unlikely this is). At the end of the day, most trading strategies work out if they're executed correctly and there's a planned exit and entry point for each trade you make. Don't be greedy and try to do things as you previously planned as much as possible (though there are exceptions, of course), and you'll be just fine, whatever you're doing.

[Biscutard]

We should know the risk upon holding some tokens or else we end up losing our investments that's why it is better to have a target price before we sell some of our tokens. The risk is always there and it is up to us to handle the risk to that's why plan everything for the sake of profit, may long-term or short-term investment.

[hermankoles]

the crypto phenomenon has created a lot of good and negative news that can be created by itself or created for a profit-seeking strategy. as a user we are expected to always be observant and careful to observe this because this is what shapes market trends. patience, discard all greed and plan investment based on in-depth analysis will give you the best decisions in future investments