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Author Topic: What the future HODL?  (Read 1247 times)
kissme09
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April 21, 2019, 10:05:42 AM
 #21

We cannot determine Hodler's future because any Altcoin has risks. But Hodl is the safest option in the Cryptocurrency market when price adjustments often occur. So many people choose to keep Altcoin that they love for a long time to minimize risks and only sell them when they reach the price they set.

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April 21, 2019, 10:06:18 AM
 #22

hi  Grin
for my own opinion im against hodl and against long term investments because bitcoin can pump and dump in any second
and the value of bitcoin isn't stable anymore so holding coins is very risky now
i don't think that BNB exploding is something weard its something expected for a coin of best exchange in the world "Binance"
and i think this is just the beginning im sure that BNB can be the next ethereum or even next bitcoin
and about the BCH fork im also against this shit fork im against BCH this shit coin coused a big mess in the market (bitcoin drop)
Binance did a great favor with delisting BCHSV shit i hope that ABC also will be delisted

Some people think and believe that HODL can give more returns but, as per my perspective, every movement of the market make some volumetric changes in the whole cryptomarket as most of all altcoins get evaluated in BTC. Trading and mining are very important things we have to consider HOLD for a specific coin.

While considering HODL, Also have to keep watch on wether that particular cryptocurrency is PoW or PoS along with total and current supply available.

Holding altcoins can bring more possibilities due to the higher volatility of price against BTC. And due to higher price volatility against BTC its also make an impact on fiat price of the specific altcoin.

 
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April 21, 2019, 10:15:51 AM
 #23

There remain questions over whether other cryptocurrencies can do what bitcoin does, but better. Ethereum, for example, is faster than bitcoin. Transactions are completed in seconds rather than minutes. Its supporters suggest that its uses are more widespread than bitcoin, potentially acting as a platform for distributed computing. There are still concerns about the amounting of computing power it takes to support bitcoin, and whether it may limit its long-term growth. Here, other newer cryptocurrencies may be able to provide more efficient options.

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April 21, 2019, 10:26:12 AM
 #24

The problem with today's crypto is that almost everyone who is involved in it is just in it for the money and profit, ever since the prices started going up back in 2017 and it got popular for a while people have been investing and pumping money without even caring about the concept and the reason why the coin was made whether it was bitcoin or any ICO, and that is why at any sign of price drooping these people just ditch out, obviously this is going to be the case whenever prices go up, but when it comes to actually support and believe in the development and in crypto making an actually impact in our lives, only the people that support it when its down.

 
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April 21, 2019, 01:21:19 PM
 #25

It is sad that not many people believe this or even support it. #deletecoinbase is now replaced by guys like Blockchain.info and Coinbase Pro. People giving up their privacy for 25 dollars of XLM. People giving up their identity to get charged high fees by these guys, people buying up BNB like you said because it is the next BTC, and BNB CEO saying things that people listen to (can you imagine a CEO saying FOMO is back?). People trust XRP and BNB,,, and they know nothing about the claims made by their people. It is a very strange world indeed.

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April 21, 2019, 01:50:45 PM
 #26

hi
for my own opinion im against hodl and against long term investments because bitcoin can pump and dump in any second
and the value of bitcoin isn't stable anymore so holding coins is very risky now
Holding bitcoins for a long term won't do any harm to you because it is known that any long term investment yields a profit which includes bitcoin.
It's true that bitcoin may pump and dump at any time but it doesn't happen so frequently and besides that one who believes in bitcoin won't care even if the price dumps.
Because he knows that the price will recover sooner or later. So buying it while the price is affordable would be the best deal to make.



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April 21, 2019, 04:20:12 PM
 #27

The truth is no one really knows that the future holds.  We have people like Warren Buffet calling bitcoin rat poison and we have people like Mcafee saying bitcoin will hit 1 million dollars.  Just make your own decisions and don't blindly follow someone else.
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April 21, 2019, 04:53:02 PM
 #28

The truth is no one really knows that the future holds.  We have people like Warren Buffet calling bitcoin rat poison and we have people like Mcafee saying bitcoin will hit 1 million dollars.  Just make your own decisions and don't blindly follow someone else.

Every intelligent person has their own views, no matter whatever these are. But while thinking for HODL always have to go for deep study. Now, most of you will think about what it deep study? It's not a big deal, grab that much knowledge where you can believe and make a conclusion and decision.

Bitcoin or any other altcoins are specifically designed with protocol and algorithm which is based on high-end quantum physics. Considering upcoming technology trends it will surely give a good benefit. But Cryptocurrencies are most volatile digital assets which have more than 30% price volatility.

Bitcoin is basically a great platform to enter into the future digital economy. In coming future understanding Bitcoin platform will give more mobility and freedom to its user to access it.

So according to demand and supply law, and due to limited supply price of Bitcoin will skyrocket for sure.

 
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April 21, 2019, 05:02:10 PM
 #29

In a way we said goodbye to our freedom when we started using exchanges and even wallets at all. Bitcoin in the vision of its creator was supposed to be exchanged by people directly with no intermediaries.
Another treason is of course treating Bitcoin only as investment and caring about it as long as it's profitable. The op is right, we shouldn't be trading our freedom. But some tendencies are irreversible already.

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April 21, 2019, 05:28:06 PM
 #30

In a way we said goodbye to our freedom when we started using exchanges and even wallets at all. Bitcoin in the vision of its creator was supposed to be exchanged by people directly with no intermediaries.
Another treason is of course treating Bitcoin only as investment and caring about it as long as it's profitable. The op is right, we shouldn't be trading our freedom. But some tendencies are irreversible already.


I think it's not that simple. So we can not say that this market has no future because we use only exchange. Cryptocurrencies can be more effective than DEXs for the future, yet in the maturation period.

Don't take so serious this CEX and leave people trade whenever they want.

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April 21, 2019, 06:23:12 PM
 #31

Some times freedom in it self is not free because some time we have to sacrifice our freedom for the general good of the society, but in all hodling for the future still remains the best in this industry.

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April 21, 2019, 06:24:40 PM
 #32

Exchanges that are printing their own money (like Binance) are probably breaking some laws. The whole "altcoin" thing is just a big clusterfuck. I wish I NEVER touched any altcoins. It just makes your taxes basically IMPOSSIBLE to fill after you get involved. The damn coins die so you cannot access your wallet.dat anymore as the blockchains don't sync, the exchanges die and you lose trading history (in case that you didn't save it which is most likely the case). It's just a big fuck up. Im getting rid of any alts I still have, or maybe not even that, I will just let them rot, they have only given me headaches. If you try to convert any BTC to fiat, you are going to see a nightmare of impossible-to-fill taxes.

As far as people selling, you cannot stop them. What matters is, fiat tends towards infinite supply, Bitcoin is strictly limited in amount, so do the simple math.
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April 21, 2019, 06:30:57 PM
 #33

Exchanges that are printing their own money (like Binance) are probably breaking some laws. The whole "altcoin" thing is just a big clusterfuck. I wish I NEVER touched any altcoins. It just makes your taxes basically IMPOSSIBLE to fill after you get involved. The damn coins die so you cannot access your wallet.dat anymore as the blockchains don't sync, the exchanges die and you lose trading history (in case that you didn't save it which is most likely the case). It's just a big fuck up. Im getting rid of any alts I still have, or maybe not even that, I will just let them rot, they have only given me headaches. If you try to convert any BTC to fiat, you are going to see a nightmare of impossible-to-fill taxes.

As far as people selling, you cannot stop them. What matters is, fiat tends towards infinite supply, Bitcoin is strictly limited in amount, so do the simple math.

In your opinion, is it that simple? If it were, exchanges would only print money. It's because you think about the binance example. However, Binance offers the most important projects all over the world and it is not possible that its money is not valuable in this conditions.

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April 21, 2019, 07:36:09 PM
 #34

This is the reason why I hate talking about my own personal assets in Bitcoin. The people who hear about it are expecting that I will earn a lot of money because of the cryptocurrencies easily without even looking at my struggles, dedications, and passion towards Cryptocurrency.
Cryptocurrency is not different from all the industry the people would choose to invest their life and choose as their passion with.

If you really care and enthusiastic about cryptocurrency, then you can make yourself stay in the industry. But if you just wanted your money to have easily become a profitable one, then bitcoin is not a good choice for you.




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April 21, 2019, 10:54:28 PM
 #35

This is the reason why I hate talking about my own personal assets in Bitcoin. The people who hear about it are expecting that I will earn a lot of money because of the cryptocurrencies easily without even looking at my struggles, dedications, and passion towards Cryptocurrency.
Cryptocurrency is not different from all the industry the people would choose to invest their life and choose as their passion with.

If you really care and enthusiastic about cryptocurrency, then you can make yourself stay in the industry. But if you just wanted your money to have easily become a profitable one, then bitcoin is not a good choice for you.

Yes bitcoin is not a get rich soon scheme or any Ponzi, only those who had been in this domain knows the difficulty of what it takes to survive in this industry. I wish newbies who enter this domain assuming anyone can become richer just by entering this crypto world with thoughts of 2017 December bullrun needs to look at the other side as well.

 
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April 22, 2019, 03:51:50 AM
 #36

Be careful: DO NOT TRADE Your FREEDOM.
Luckily or unluckily everybody has his own personal opinion, I agree with what you're saying but at the same time we have to respect other people's decisions. Hopefully they're gonna regret ut soon.
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April 22, 2019, 06:28:25 AM
 #37

Be careful: DO NOT TRADE Your FREEDOM.
Luckily or unluckily everybody has his own personal opinion, I agree with what you're saying but at the same time we have to respect other people's decisions. Hopefully they're gonna regret ut soon.
This is actually our own choice and we risk it not just for money but to contribute good things towards the community. We have that freedom and we have to used it in a nice way and not by being fraud or doing illegal activities in order to make money.

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April 22, 2019, 10:18:22 AM
 #38

Be careful: DO NOT TRADE Your FREEDOM.
Luckily or unluckily everybody has his own personal opinion, I agree with what you're saying but at the same time we have to respect other people's decisions. Hopefully they're gonna regret ut soon.
This is actually our own choice and we risk it not just for money but to contribute good things towards the community. We have that freedom and we have to used it in a nice way and not by being fraud or doing illegal activities in order to make money.
Free trading is not a good choice for beginners. Trading has a lot of risks. Altcoin always dances and makes the trader intoxicated and thinking about fixed profits every day. Please stop because if you don't want the money, you have reduced every day, thank you for his advice. Free trading is your choice, but HODL helps you earn safe profits.

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April 22, 2019, 10:24:08 AM
 #39

The whole "altcoin" thing is just a big clusterfuck. I wish I NEVER touched any altcoins. It just makes your taxes basically IMPOSSIBLE to fill after you get involved. The damn coins die so you cannot access your wallet.dat anymore as the blockchains don't sync, the exchanges die and you lose trading history (in case that you didn't save it which is most likely the case). It's just a big fuck up. Im getting rid of any alts I still have, or maybe not even that, I will just let them rot, they have only given me headaches. If you try to convert any BTC to fiat, you are going to see a nightmare of impossible-to-fill taxes.

Or just don't report any taxes in this specific case. Seriously, if you try to do the good thing but don't have any documents, screenshots, spreadsheets, etc, you're basically fucked.

The government doesn't care about how much of a brave citizen you try to be by reporting your taxes in all honesty, they are out to extort you till they have what they (very wrongly) think you owe them. My motto is; what the government doesn't know can't hurt you, financially or physically. We are a bunch of criminals and tax evaders from their perspective, so we can only do wrong.  Undecided

As for the altcoins you still have, wait for the next bull run and convert them to BTC, that's the smartest thing to do. I do that too with the wide variety of shit forks that I still haven't claimed. Even the worst possible shit coins pump hard against their BTC pair, so there isn't much to lose here.

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April 22, 2019, 10:54:46 AM
 #40

i don't see any of these centralized, corporate owned, bank owned, government created,... coins to be a threat to bitcoin! they aren't even capable of putting a dent in bitcoin's popularity that was gained already and will continue to be gained.
the only thing these things do is what they have always been doing, they offer a centralized solution that is no different that what we have seen before in paypal, banks, visa,...
in the end when people want decentralization, censorship resistance and all the other things that bitcoin offers, they always come back to bitcoin because that is their only option that truly offers these things.

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