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Author Topic: Dangers of a HODL’er:  (Read 1837 times)
freedomgo
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May 18, 2019, 04:51:32 AM
 #221

The danger for the holders is that it makes up its cryptocurrency portfolio, because it is important to carefully study the prospects of each project, it is also necessary to put the exact time frame, that is, periodically cash out the funds!
There's no holder that will only hold forever without taking profit, I think that's a stupid idea, unless you are living without financial problem and you want to see how much the price would go. Most of us wants a short term return, and we hold that the price will skyrocket so we can cash out, but the market is not moving that way, and it's not guaranteed that's why our market is called unpredictable.

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May 18, 2019, 05:34:30 AM
 #222

There's no holder that will only hold forever without taking profit, I think that's a stupid idea, unless you are living without financial problem and you want to see how much the price would go.
Or probably an early adopter who is greedy and dreaming for the highest possible price a coin could reach lol.
Most of us wants a short term return, and we hold that the price will skyrocket so we can cash out, but the market is not moving that way, and it's not guaranteed that's why our market is called unpredictable.
Wishing for the rocket to launch up hight into the skies is not always a good idea. There's nothing wrong od being optimistic but you should be aware that too much of it will kill you. Sometimes you should learn to be contented on the small price increases.
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May 20, 2019, 05:51:33 AM
 #223

For me, as for the holder, the biggest fear is to make a mistake and sell a promising coin at the beginning of its growth, unfortunately the cryptocurrency market pushes us to the like.

There is no external force which may compel us to sell or make any decision in hurry. You are free to decide and act anyway you want that is great in the crypto trading. HODL is most likely loved by the professionals who want to stick and stay with the crypto industry long life and that is the reason they get massive profit of their investments. But those who sell in hurry for little profit just waste their time.
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May 20, 2019, 06:32:05 AM
 #224

For me, as for the holder, the biggest fear is to make a mistake and sell a promising coin at the beginning of its growth, unfortunately the cryptocurrency market pushes us to the like.

There is no external force which may compel us to sell or make any decision in hurry. You are free to decide and act anyway you want that is great in the crypto trading. HODL is most likely loved by the professionals who want to stick and stay with the crypto industry long life and that is the reason they get massive profit of their investments. But those who sell in hurry for little profit just waste their time.

I can't call myself as a professional but I am comfortable of holding.

In fact, because I HODL, I miss the train last bull run, so I want to ask do we have the train coming this year?
If not, then I must still hold, but in case that train comes again, I know I am ready to ride with it.

There is a danger, but I love that danger as riding is like a roller coaster ride, not advisable for the weak hands.

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