Crypto hodling as a form of gambling!

[bitsurfer2014]

Ever since I've got into cryptocurrency, I've had several experiences on the  prices on some of my holdings achieved ATH's in a matter of months alone especially on the 2017 bull market and was thankful I didn't sold out early when I got them. Having had a positive feeling about it, I became reluctant to sell some of these cryptos even at the height of its price thinking that I may gain more from them in the future and also believing that this projects have very good fundamentals and does have a room for growth!

Then at the beginning on the 1st quarter of 2018 (which started the period for bearish market), crypto prices nosedived sharply and in a matter of weeks my portfolio begun to shrunk and was reduced significantly but then again I was overpowered by my belief that crypto will have an eventual rebound in which I was wrong! Over a period of short time, I was forced to sell those cryptocurrencies at a significantly lower price and accepted my loss which led me to believe that hodling is indeed a form of gambling and thus has a risk / reward factors associated with it.

Until now, I don't have any regrets but only have lessons learned from this experiences and will remain having a positive outlook on cryptosphere because I know gambling will let us "win some and also lose some". 

I know some of you had already been on the same kind of experience just like me.

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[Shutup]

Ever since I've got into cryptocurrency, I've had several experiences on the  prices on some of my holdings achieved ATH's in a matter of months alone especially on the 2017 bull market and was thankful I didn't sold out early when I got them. Having had a positive feeling about it, I became reluctant to sell some of these cryptos even at the height of its price thinking that I may gain more from them in the future and also believing that this projects have very good fundamentals and does have a room for growth!

Then at the beginning on the 1st quarter of 2018 (which started the period for bearish market), crypto prices nosedived sharply and in a matter of weeks my portfolio begun to shrunk and was reduced significantly but then again I was overpowered by my belief that crypto will have an eventual rebound in which I was wrong! Over a period of short time, I was forced to sell those cryptocurrencies at a significantly lower price and accepted my loss which led me to believe that hodling is indeed a form of gambling and thus has a risk / reward factors associated with it.

Until now, I don't have any regrets but only have lessons learned from this experiences and will remain having a positive outlook on cryptosphere because I know gambling will let us "win some and also lose some". 

I know some of you had already been on the same kind of experience just like me.

Yes crypto holding is like a gambling because you wait for the price increase of your token, which you just hoping in the future for a price increase. Its really hard to wait, you bet for the coming price increase or not coming.So it's really difficult but if your money wins wow it will multiply according to the value of token you have.

[avikz]

Ever since I've got into cryptocurrency, I've had several experiences on the  prices on some of my holdings achieved ATH's in a matter of months alone especially on the 2017 bull market and was thankful I didn't sold out early when I got them. Having had a positive feeling about it, I became reluctant to sell some of these cryptos even at the height of its price thinking that I may gain more from them in the future and also believing that this projects have very good fundamentals and does have a room for growth!

Then at the beginning on the 1st quarter of 2018 (which started the period for bearish market), crypto prices nosedived sharply and in a matter of weeks my portfolio begun to shrunk and was reduced significantly but then again I was overpowered by my belief that crypto will have an eventual rebound in which I was wrong! Over a period of short time, I was forced to sell those cryptocurrencies at a significantly lower price and accepted my loss which led me to believe that hodling is indeed a form of gambling and thus has a risk / reward factors associated with it.

Until now, I don't have any regrets but only have lessons learned from this experiences and will remain having a positive outlook on cryptosphere because I know gambling will let us "win some and also lose some". 

I know some of you had already been on the same kind of experience just like me.

I won't consider crypto as a gambling in any form or shape! If I have to go by your saying, then I will have to consider every market-linked investment as gambling as well! Crypto is essentially a currency system but due to less adoption and confusing legal status in many countries, people consider it as an investment! Yes, it is true that the crypto investment is more riskier than many other conventional investment, but it is not gambling in any sense! You are not entirely betting against your luck! Considering crypto as gambling is a very wrong way of looking at it! 

[stomachgrowls]

I know some of you had already been on the same kind of experience just like me.

Some sort of gambling yet we cant be sure on what would be the future of crypto that we had invested in specially if we throw up money into some alts which doesnt have a clear future even this one also applied on Bitcoin itself.We cant be sure on whats ahead yet nothing do last forever but somehow those presumptions we had made in means of investing can really give out significant benefits if we do able to hit it right.

[Tytanowy Janusz]

[...]

Holding crypto is indeed a gambling. The worst type of gambling - similar to roulette but without even knowing the odds. There is no indicator that you can relay on to increase your chances (every indicator can be faked - see below). You are condemned to the grace of the whales and their vision of price changes.

Hodler strategy risk:

Hodler is buying coins by fundamental (whitepaper, team, code, hype, being unique in specific segment) analysis for very long period. Hodling is a strategy very often suggested for newbies in cryptos (when you are newbie than buy good coins and sell on profit after years - I heard it thousands time). What can go wrong?

1- whitepaper is just a document with words. It can be copied and change a little. Faked. I can create my own whitepaper in which ill write that tomorrow ill be on mt everest.
2-team can be faked with fake twitter account with bought followers
3- code - who of us can check if code is OK? How many of currencies have working code now? Most of them are just concept without working product jet.
4- hype can be bought.
5- being unique didn't give you certainty of being unique forever. 1 month after your investment there can be new ICO with better team, bought hype and with working product delivered faster.
6- you are newbie and you did fundamental analyst wrong or didn't do at all just jump after hype or because someone said that its great investment
7- there are 1600 coins. More than 1400 won't survive next few years because they are not necessary. Your decision must be precised and full of luck

What if any of above will happened? Your investment will continuously goes to 0. And if you are hodler you will never sell until there will be nothing to sell. When you are buying with hodler strategy you are risking 100% of your investment. I don't think there is more risky way.

Trading is more like poker. Its gambling too but you can use your skill to take advantage over others.

https://bitcointalk.org/index.php?topic=5122226.msg50225995#msg50225995

[YuginKadoya]

We can surely say that Hodling Cryptocurrency has risk but it will surely depend on your understanding of things and the project of the given coin you had invested on, But my perspective in Hodling is not the same as yours because I don't consider this as gambling because I haven't settled a large amount in gaining my hodl coins, But with existing project in the forum on the recent years when Airdrops are still profitable and bounty campaigns had a promising deal in supporting their projects, Well in these sense I am not considering it as gambling in my opinion, but surely it is your experience and your opinion regarding the matter.

[shoreno]

yes it is because when you hodl a crypto there is always a chance that you can loose but there is a chance that you can earn a profit  but not unlike to a real crypto gambling , hodling a crypto do only have a minimal risk because the price can recover and you will regain your losses as long as you dont sell  yet .  its a good idea if you will keep your self updated here on the forum or on outside this forum to look for crypto related news so that you will know if the price well fell or not  .

[btc78]

Undeniable truth mate.because like gambling we don’t really have any assurance if the currency were holding will get profit or growth in span of our dedicated time.of will go another way around

We have been holding for months.years or  more than until now but still the promise of profiteering in not involved so basically ,this is a form of gambling that takes longer time than normal gambling to happen

[vintages]

On a normal sense, cryptocurrency holding shouldn't be regarded as gambling.
But when one start selling impulsively or selling emotionally, because of FUD or price speculation, then it's more like gambling.
Moreover, you are not alone in this, as many hodlers have experienced this before which has lead to many quitting.

[jhongzjhong]

I may not consider that holding my portfolio is gambling, because when you say gambling and bet in gambling platform that is 50/50 of having the chance that you will win or might be a loss. But in holding your bitcoin, as long as you did not follow your emotion and sell it earlier, there's nothing had a loss. You can hold your bitcoin for the long term and the amount was still the same nothig had lost. Only strong hands will survive in holding not just like gambling that is totally risk. So, I won't consider crypto holding is a form of gambling, the fact it will depend on you.

[TheCoinGrabber]

I only hold BTC so I don't consider it much of a gamble. If the price is too low then I just don't touch it, nothing lost, I still have the same amount of BTC.

I do feel holding anything else a gamble. There's no way to if the prices of a cheap crypto will ever go up or if a dumped crypto will ever recover.

[leowonderful]

Holding's obviously got some level of risk involved and even more so if you're holding altcoins as many of them fail and have failed in recent months. Alt ratios have continued to sink farther and farther in the last few months, but you're generally going to get better returns holding coins (especially Bitcoin) than trading (as most people just aren't successful trading at all). If you're using a good method of managing risk and you're not using money you can't afford to lose like with anything where money's at risk, holding's really not that bad at all.

[eternalgloom]

My experience has been the exact opposite, once we've reached the all time high, I've sold just about everything, minus some Bitcoins I was holding since 2013.
Then I just started buying again when the price hit around 4k - 5k.

Mind you, I've also started buying altcoins, despite the fact that we've not seen them rise significantly at all.

I think I'll just keep following the "strategy", whenever I see the word "all time high" pop up, I'll just get ready to sell them.

[Oceat]

I don't think you can call it like gambling when you are just hodling, where in fact you are not doing anything yet.

Maybe if you do trade your crypto i might call it as gambling since someone must have to win and someone must have to lose.

[suzanne5223]

Ever since I've got into cryptocurrency, I've had several experiences on the  prices on some of my holdings achieved ATH's in a matter of months alone especially on the 2017 bull market and was thankful I didn't sold out early when I got them. Having had a positive feeling about it, I became reluctant to sell some of these cryptos even at the height of its price thinking that I may gain more from them in the future and also believing that this projects have very good fundamentals and does have a room for growth!

Then at the beginning on the 1st quarter of 2018 (which started the period for bearish market), crypto prices nosedived sharply and in a matter of weeks my portfolio begun to shrunk and was reduced significantly but then again I was overpowered by my belief that crypto will have an eventual rebound in which I was wrong! Over a period of short time, I was forced to sell those cryptocurrencies at a significantly lower price and accepted my loss which led me to believe that hodling is indeed a form of gambling and thus has a risk / reward factors associated with it.

Until now, I don't have any regrets but only have lessons learned from this experiences and will remain having a positive outlook on cryptosphere because I know gambling will let us "win some and also lose some".  

I know some of you had already been on the same kind of experience just like me.

Hodling is a form of gambling but it secures profitable gambling if you invest in the right utilized coin and I want you to understand that your heart doesn't lies when it makes you to strongly believe that the crypto market will rebound back to it the bullish state. But, that doesn't mean it will happen you a couple of months or a year and the part of you selling your hodling lower price was what makes you lost cause you can actually make a huge profit when it bitcoin halving next year.

[kaya11]

I agree into this in some other point, but it doesn't totally fall on that criteria were it is fully considered as a gambling, like sort of it doesn't have a sort of killing time, a leisure, a moment of your life being drag into something that you enjoy. On the other hand in holding All you have to do is wait or somehow trade and it requires some skills. Unlike in a gambling game, it only wants you to choose between numbers and the moment you hit the button win or lose, you can see it instantly.

[harizen]

Over a period of short time, I was forced to sell those cryptocurrencies at a significantly lower price and accepted my loss which led me to believe that hodling is

Bottom line:

You consider hodling as a form of gambling since you are playing with the risks of holding BTC or any altcoins on a chance that someday that effort will be paid off or not. But for me, don't take hodling as that since even we are risking money holding our crypto, we don't literally play gambling here.

Unlike in gambling where you are bound to rely on luck (house edge gambling games) and strategy+luck (on a strategy-based games) then wait for the final result, hodling and selling is pure of strategy on how to deal with volatility and that depends on how "YOU" managed it along the way. You are the one who will make the result here. Of course to take your hodling into worth thing to risk, then only hodl those coins who are proven to have a strong foundation which is BTC is the best example.

[sunsilk]

It is true that there is risk associated in trading and because of that many are looking to that factor as an opportunity to invest and make money from it. The volatility of bitcoin/cryptocurrencies has been one of its best character and at the same time others cursing it.

Because with the same experience that you had. I think that this has been tackled few times before and has been compared many times.

[Bagaji]

Good to know you later sell some of your holdings as at the time the market has gone to the current level it is now. I have had same experience and up till now am still yet to recover from the lost. I have been holding ethereum since the year 2017 till now with the hope that market its Market will return to where it was but to avail up till this moment, but my decision now is that I rather lose all my ethereum than to sell at this ridiculous value at the moment.

[jake zyrus]

Hodling and gambling may be similar at some point like; wagering of money, involves risk, uncertainty of gaining or losing, primarily aim to gain money. But I don't consider hodling as a form of gambling since you don't play in order to win. And hodling is for long term while in gambling, playing a specific game only lasts for minutes. For me, hodling crypto is just like investing in a company, waiting for it to multiply depending on the performance of the entity in the ecomomic.