What the future HODL?

[Ridwan Fauzi]

If you want to earn more profits then hold is the best option in addition to trading and other activities. I mostly hold.my coins in my portfolio just for the prices to rise before selling. I believe hold is the safest strategy in cryptocurrency investment.

Have you felt the result? Actually I'm not a holder cryptocurrency and I have an intend to start being a holder but I still wondering the result of it. Since when the bull run come in 2017 ago and the price of cryptocurrencies reach a peak price at that time but that was a short time because the price of them met a decreased price a lot.

What should be done by some holder when bitcoin (for an instance) price touch new ATH? Will you sell it or you will hold it until the price up again more than that? This question always haunt me when I tried to be a holder. So far I only choose short term investment and set the profit I want and I will sell it when it was achived.

[Fredomago]

I have always emphasize on the HODL because it worked for me backed in the year 2017, when I joined the cryptocurrency community, I started with Bounties and hold them till 2017 and they all pay off. Impatience can make a potential investor or investors run at lost, so, ensure you HODL.

HODL may definitely work but it also requires some luck and strategy along the way. There are some people that I personally know that bought bitcoin back when its price reached $20,000 and they contend that it may reach sky-limit without doing any research. Unfortunately, they have suffered substantial amount of losses due to negligence and irresponsibility.

I personally view most of my cryptocurrencies as short-term investments so I could maximize their high volatility and sell them once I see a profit margin based from my initial investments.

Learning from each events of scenarios inside the market will teach traders on what particular strategy to use while working with their assets, it can still be done if your timing is correct, if you bought bitcoin early this year then what you hold definitely gives you a good benefits by now, you can choose to keep holding for much higher benefits or you can sell it out and enjoy your profits.

[bryant.coleman]

If you want to earn more profits then hold is the best option in addition to trading and other activities. I mostly hold.my coins in my portfolio just for the prices to rise before selling. I believe hold is the safest strategy in cryptocurrency investment.

At some point of time, you need to sell your coins so that you can cash out. Cryptocurrency is a digital asset, and in all probability it has a limited life span. In due course of time, it will be replaced with a better technology. This can happen within the next 10 years, 20 years or 100 years. In order to play safe, you need to sell small amount of coins at regular intervals. By doing that, you won't face complete losses if your coin becomes worthless all of a sudden, and you will be left with enough coins in your wallet if the coin undergoes a bull rally some time in the future.

Bitcoin, and a few of the altcoins such as ETH and BCH can be considered for medium-term and long-term investments. But I will never recommend such a strategy for the smaller altcoins. Their life span in most cases may be a few years at the most. In such cases, you need to identify the pump and dump cycles and do the profit booking close to the peak prices.

[bryant.coleman]

Cryptocurrency is a digital asset, and in all probability it has a limited life span. In due course of time, it will be replaced with a better technology.

Crypto is a new technology and its not easily to be replaced . until now i have never any new technology aside from cryptos  . inside the crypto world there are many coins and devs create new coins from time to time and there is a posibility that other weaker coins can be replaced so you need to act fast and sell your coins if ever you hold any , before its too late .

I wasn't saying that Bitcoin will be "easily" replaced. Any technology that is capable of replacing Bitcoin will be a technological marvel and till now we haven't seen any signs of such an asset getting created. And it will be fundamentally different from Bitcoin, unlike the altcoins which are similar to Bitcoin in 99% of their characteristics.

The last time I checked coinmarketcap, over 2,400 coins were being listed there. A couple of months back, this number was around 2,000. So many new coins are being created every day, without any unique purpose or usage. Even then, these coins are able to mop up market capitalization in excess of $100 million. I don't understand the logic in holding such coins for long-term, like two or three years.

[fiulpro]

I think it depends upon how much you are investing and how much you can risk.
Generally a person who actually invests more they don't do trading and go for the long run , I have seen people will small investments doing trading and encashing out aggressively to actually increase their money , those with the low investments one's but cannot actually drop the market value down.
There are some who actually just climb the bull when it up and then suddenly encashe when they are done.
They are a real threat for the market actually but anyways it's their choice .

[Janation]

What is the future of crypto currency? As a newbie,  I really do not know if I should  adopt "hodl"

Hold for the moment.

As a newbie I can say that you do not know how market moves and the best thing now is to wait for the right time to sell. I do not know what HODL can give you in the future all I know is that you just either get a profit or not, that is just that two. The movement is getting better again so for now, better wait for the price to go down even a little bit before you invest.

[TheUltraElite]

Generally a person who actually invests more they don't do trading and go for the long run ,

Not necessarily. There are big whales who trade and big whales who just hodl. It varies and is not absolute that the higher investor is likely to hold.

I have seen people will small investments doing trading and encashing out aggressively to actually increase their money , those with the low investments one's but cannot actually drop the market value down.

Its a statement that is too biased. A person who is having a lower value investment is going to try to multiply it more rathe than trying to drop the market down.They know they would not be able to do that so they would rather sell at profit and buy back at dip.

There are some who actually just climb the bull when it up and then suddenly encashe when they are done.
They are a real threat for the market actually but anyways it's their choice .

I dont think that that is a threat. It is what the market's normal correction pattern reads. Some people will sell at the top and cash out because they are ready to exit or buyback. Its a method to make money after all.

[killat]

Holding tight your Btc now could bring you much more within the next years.

Some sceptical people call Btc a scam, which is totally wrong. Something worth over 10k but worthless is always a strange concept lol.

I guess we will see many large players moving in to BTC and how this effects adoption and pricing in the mid term. All i will say though is BTC IS 10 years old now and calling it a scam is nothing new, yet here we are and still going.

[Hypnosis00]

For me, the future of holding bitcoin and another cryptocurrency is not that bright or brighter than ever no one can tell the future of bitcoin,  because bitcoin price is fluctuating and you can't know if it will become expensive in the next day, weeks, month or year so holder is taking a vast risk if bitcoin price will drop and vice versa if bitcoin become much expensive. 

Even that, but my trust will still remain. Bitcoin has a bright future more than enough of what it shows today. It starts at the very low but if we look at where it goes by now...we can certainly saying that Bitcoin will surely play in the market.
The importance of this coin is bringing into its peak and become valuable like no other crypto coins.

[Periodik]

The problem is that the big part of cryptoadopters are some kind of "investors", "traders", profit-hunters. It has nothing to do with BITCOIN.

You are particularly wrong on this. The general way of looking at cryptocurrency is that it is synonymous with Bitcoin. And if you throw your support to cryptocurrency, you are in effect throwing your support to Bitcoin more than anything else. If you have been doing some rounds here reading threads, you will feel that that the overall emotion is that they are building up their portfolio with Bitcoin having more than 50% dominance.

With this, the future of HODL is not only bright; it is getting stronger and stronger. The demand of Bitcoin is getting high and hard. Scarcity is growing every minute of the day.

[darewaller]

Holding tight your Btc now could bring you much more within the next years.

Some sceptical people call Btc a scam, which is totally wrong. Something worth over 10k but worthless is always a strange concept lol.

I guess we will see many large players moving in to BTC and how this effects adoption and pricing in the mid term. All i will say though is BTC IS 10 years old now and calling it a scam is nothing new, yet here we are and still going.

I don’t think we still have anyone that would still think that BTC is a scam, anyone that still thinks Bitcoin is a scam, just lacks the full understanding of it and may need to really be sat down and explain the whole concept of it all over again, although when we have newbies, they might first think towards this direction first, but with time, they will come to realize that bitcoin system is one that has even come to liberate a lot of people from the burden of slow payment, high fee as a result of third party involvement and very other features of bitcoin.

The only people that can ever claim they have issue with bitcoin are those who has been a victim of hackers, or who has made wrong choice of investment, and that should only be the fault of the investor or coin holder.

[TheUltraElite]

For me, the future of holding bitcoin and another cryptocurrency is not that bright or may be brighter than ever no one can tell the future of bitcoin,  because bitcoin price is fluctuating and you can't know if it will become expensive in the next day, weeks, month or year so holder is taking a vast risk if bitcoin price will drop and vice versa if bitcoin become much expensive.  

Is that not true for any other speculative market? I mean to say that any other altcoin would also be the same. But with bitcoin you know that the majority of market share is in. Moreover the support for bitcoin is there since long before altcoins came in existence. So you could have a decent investment in bitcoin and still see good returns if you give it enough time than what you would see in altcoins.

Heck altcoins mostly creted anew are either running out of funds or unable to list anywhere to be trade-able. That would never happen with bitcoin. In other words, its the less risky investment than altcoins

[freedomgo]

Bitcoin is the best to HODL now and in the future as well with rising price ratio. BTC has the ability to make you millionaire sooner or later.

Bitcoin prices fluctuate. I have seen many top ten coins fall by satoshi. Think of Ripple, it came from 0.00003500 to 0.00002580. This has reduced the value of the dollar also. Holding other coins with Bitcoin is likely to generate profit. Absolutely no coins to hold like as Bitcoin.

Every coin fluctuates in value, not only bitcoin, the only altcoins that does not fluctuate are those coins which are called stable coins.
Maybe it's the nature of coins with fix supply to fluctuate since there's always a changes of demand and supply and people loves to trade it, so it's not expected price will be stable.

If you hold for your future, you don't focus on the fluctuation as it does not matter, it's not a big factor, the big factor to consider is its potential in the future.

[Burogh]

The future of Hodling bitcoin in my opinion is good even though many large companies will publish their own cryptocurrency. Each company makes its own crystals for the benefit of its own customers, this is different from bitcoin that can be used by anyone. For example, Libra coins can only be used on the Facebook platform or JP Morgan coins only for their own customers

[TheUltraElite]

Bitcoin prices fluctuate. I have seen many top ten coins fall by satoshi. Think of Ripple, it came from 0.00003500 to 0.00002580. This has reduced the value of the dollar also. Holding other coins with Bitcoin is likely to generate profit. Absolutely no coins to hold like as Bitcoin.

The value of dollar did not reduce. The value of the cryptocurrencies reduced because people sold them against the dollar and because dollar has a fixed value. Ripple feel because of a lot of factors which is not worth discussing here. But honestly whatever be the reason seeing from a broader perspective only bitcoin has been doing good till date even when it went down to 5k at once time after 20k USD. This makes sense not to hold on to altcoins that talk about becoming the next banking system but keep the trust in bitcoin all throughout.

Newbies should take note of this and understand the real market of altcoins being very low compared to bitcoin.

[CBANX2]

There are very few people are there who believes in the power of HODL because trading is the best way to earn profit and keep yourself updated with crypto trends. But at the time of the bearish move, HODL is the way to play safe until it will not take off the bearish shrug.

[Mpamaegbu]

Unfortunately, there is a very small portion of the community that belongs to 'Do Not Trade Your Freedom' group. The majority doesn't care. Imagine this, Jack hears about bitcoins from his neighbor next door and keeps hearing things like bitcoin make people rich. Jack googles 'buy bitcoins' and he is convinced to buy it from coinbase or other 100 other shitty exchanges. All jack cares about is doubling his money.

But really, isn't this what people generally do in business? I mean, you put in money to make more money at the expense of whatever passion that may be in the business. I read a lot of people here say they aren't into Bitcoin for money/profit and I don't believe this to be absolute truth. Passion without finance won't see the light of the day.

[btc78]

HODL will always be depending on how and what is the capacity of holders and how they trust the coin they are holding

Actually I don’t care about what is today’s value or even the day after because what I care is the value 3 years from now and I believe that this must be the attitude of a holder

Not those type that claiming to be holders but always check the price in market capitalization .things that opposite to the real holder 👍😂

[Finestream]

Holding is good in crypto but we should understand the importance of coin development only those coins we can expect growth 

Holding in crypto is good but still risky, you should invest on it if you have enough money to buy food.

You are here, you already know that there's a risk when you enter, regardless of your strategy on how you invested your money.

Holding for me has risk but it's the lesser risk as your strategy is very simple, you just buy at the right timing then hold at the right timing as well, therefore, if the market will recover or rise, that would give you an opportunity to sell, but there this depends on the amount of profit of your target, and as long as you are always ready to pull the trigger, you sure have a chance to profit from holding.

[Finestream]

Holding is good in crypto but we should understand the importance of coin development only those coins we can expect growth 

Holding in crypto is good but still risky, you should invest on it if you have enough money to buy food.

You are here, you already know that there's a risk when you enter, regardless of your strategy on how you invested your money.

Holding for me has risk but it's the lesser risk as your strategy is very simple, you just buy at the right timing then hold at the right timing as well, therefore, if the market will recover or rise, that would give you an opportunity to sell, but there this depends on the amount of profit of your target, and as long as you are always ready to pull the trigger, you sure have a chance to profit from holding.

You are right, but the most problem is to buy in right time and to sell in right time.

That's not a problem if you know that the market is unpredictable, it's the nature of crypto when you are investing, there's no guarantee at all that you will be profitable in the end, all of us here are just playing the big guessing game, and we have no choice but to guess the right outcome so we will be successful. The success I am talking here is not an instant success, of course, you will also loss sometimes but what's important is you learn and improve until you become consistent on what you are doing.