Smart hodling vs just hodling

[pixie85]

Several people mentioned that when the price goes down, it's a good time to buy more bitcoin.

Following that same logic, wouldn't a smarter way of holding bitcoin involve selling it when the price starts going down only to re-buy a larger quantity (for the same $) when price stabilizes?

Thats consider a smarter way to hold more bitcoin ether and thats realy the trading job do. Buy low and sell high and buy more in low again and again but it depends on a trader also there are some trader who that and there are some that loves to jus hold and hold for long term.

Not that smart if you think about it. I used to do it but it was so hard to find a good entry point and the exchange fees weren't helping.

The smarter way of hodling is when you buy in a bear market and keep buying until you're out of fiat. Then you sell some profit in the bull market and keep the rest. This way you have enough to live by while your main investment keeps growing.

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[1Referee]

When I hold bitcoin then I will not be affected by price going up and down, I will sell it in next few years, that's what it's called holding. @OP talks about holding and in my perspective smart holding is a trade like what you say while just holding is holding and not being affected by market fluctuations.

I think it somewhat does affect even the most hardcore holders, especially if the price hovers above a certain level for a longer period of time. At some point you get used to your stack being worth x $$, which makes you feel good, but when the price does a 50% correction, it's impossible to not feel somewhat bad about it.

It makes you think about how you could have done things differently, etc. It's perfectly normal since we're humans at the end of the day. A lot of people here have most of their net worth sitting in Bitcoin, either through price appreciation or just because they put in their hard earned money. Rationally speaking, perhaps it would be healthier to reduce one's exposure to reduce the level of stress that comes with it.

[samcrypto]

I think saving in a smart way will make you able to get more profit than just holding an asset by leaving it alone, there are many ways to be able to get a lot of profit when holding a coin, you should be able to learn the pattern well.

Holding alone is not that good if its a shitcoin but if its bitcoin then its fine but if you want to earn then you can hold and sell when the price goes up and buy again if the price dumps again. Smart holding is the key to become more profitable, also whales are doing this because they know its worth it.

[ufaiz50]

Many of us here are hardcore bitcoin believers. If you are anything like me, you've put most of your savings in bitcoin.

However, how painful is it to watch bitcoin price plummet?            

April 1st signaled the start of what seemed would be yet another bull run… however, the rally seems to have been cut short without getting close to the all-time high.

What do you think would be a smarter way of hodling bitcoin other than standing still, bag in hand, while watching the price go back down to the $3K range?

I might also be a bitcoin believer, but my brain prefers to think realistically, so I tend to be on the side where they gives me benefits. Seeing bitcoin falling is very painful especially for holders, in my opinion rather than watching prices go down while holding a bag, then it would be better to be on the side of the coin that gives you an advantage, that is what I think when thinking about smart holders.

[princerepon]

Many of us here are hardcore bitcoin believers. If you are anything like me, you've put most of your savings in bitcoin.

However, how painful is it to watch bitcoin price plummet?            

I think in this forum everyone is hardcore bitcoin believers including me. But i didn't put my most of my savings in bitcoin. Cause in my country bitcoin is not easy to use like dollar. And yes, it's really painful to watch plummet bitcoin price. Specially whom guys hold it from very long time.

April 1st signaled the start of what seemed would be yet another bull run… however, the rally seems to have been cut short without getting close to the all-time high.

What do you think would be a smarter way of hodling bitcoin other than standing still, bag in hand, while watching the price go back down to the $3K range?

It was really great bull run in December 2017-January 2018. And i believe that kinda bull run you can not see every year. But i can say recent bull run give some relief for holders at least. And sorry to say you it's really difficult dream if you want to see bitcoin price at $3k again.

[Superalgos]

So, a question for hardcore hodlers... would you sell your bitcoin if you KNEW the price is going down, only to re-buy later at a cheaper price?

[Sahyadri]

       Crypto is such unpredictable space that only hodling for long term like other investment asset isn't really a good investment strategy. Keeping stop losses, regular market watch and changing the position is needed in regular interval because price change is pretty significant once the trends starts and this you can't afford to overlook. If you didn't exit BTC during highs of 2017-18, that wasn't a smart decision whether you were in for short or long term. There was enough hype to make you cautious of the rising prices.
       One needs to understand regular check is important even if you are long in cryptos because there is no monitoring authority and high volatility which can ruin your investment if not taken care.

[Golstrim]

I prefer not to hold btc. I am more trader rather than holder. Perhaps if I grow by bag, then I will turn into smart holder. But now I don't think I have enough funds for long term holding.
It is more wise for me to trade with margin and grow capital

[suzanne5223]

I prefer not to hold btc. I am more trader rather than holder. Perhaps if I grow by bag, then I will turn into smart holder. But now I don't think I have enough funds for long term holding.
It is more wise for me to trade with margin and grow capital

With the crypto market full of possibilities and huge profit occasion can occur anytime neither using only the smart holding nor just holding strategy are the wiser decision because the diversification strategy is the best way not miss every opportunity the market pose and it also the profitable way to flourish in any business system.

[posi]

So, a question for hardcore hodlers... would you sell your bitcoin if you KNEW the price is going down, only to re-buy later at a cheaper price?

I will definitely sell my bitcoin but won't sell it all since the crypto market is full of surprises. Therefore, I will sell a 60% portion of my bitcoin in other to later at cheaper price and the opportunity to buy at cheap price didn't happen the remain 40% is enough to be a partaker of the market profit.
These are the strategy most people ought to use rather than vaporize all their holding.

[iMark]

No, believe me, Bitcoin won't go back to $3000, but it will increase in the next few months I think, I recommend to you just stay in your place by holding a bag In your hands, just shut up, don't do anything, then we will get immediate profits after Halving Bitcoin occurs later.

Why would anyone believe you? The people who said the same last year even 'guaranteed' fellow hodlers that the price couldn't drop below the $6k mark because that price was what miners needed to break-even.

People didn't take into consideration that Bitcoin has difficulty adjustments to make sure mining will always be brought back to levels it will be profitable again to mine. People paid more attention to fud from news outlets....

Markets can stay irrational for months or even years in some cases. Just because something has great underlying fundamentals it doesn't mean the speculative nature of the market has to respect it.

But go down to $3k is a huge price reduction, it takes a lot of bad news until the price can go back to that price again. in 1 year the price has never reached that level. Although anything can happen, but to fall as deep as that is a difficult thing to happen.

For me I think that prices will bounce back again, as many people expect, 2020 will be a good year for bitcoin. Even though this year's rally has been cut off at around $14k, who knows that next year will be much better?

[negancoin]

Just hodling would be something like holding a small amount for like one year and it's stupid because even if the price double is not worth waiting all that time when you can make x6 if you do daily trading. another stupid thing is buying bitcoin at very high price and hold it even when the price starts to crash without any action to minimize your loss.
Smart holding is when you buy large amount of bitcoin at very cheap price, let say around $3000, and hold until the end of uptrend, at that point you must sell it otherwise the holding strategy will start to work against you.

[AicecreaME]

So, a question for hardcore hodlers... would you sell your bitcoin if you KNEW the price is going down, only to re-buy later at a cheaper price?

I would sell half of the bitcoins I'm holding if I know the price of bitcoin will going down (how I wish I could for real), then buy again at a cheaper price and hodl it. I know you are going to ask why only half, well it is because a reassurance, I don't if it worth it so I'll put my half of it as a bet, and if things go either way, then I would still have something remaining that I will sell if the bitcoins price go even more higher.

It is all about strategies, you can't make profits if you are too afraid, and you can't also make profits if you are too bold.

[SaShiRaJaVu]

Many of us here are hardcore bitcoin believers. If you are anything like me, you've put most of your savings in bitcoin.
However, how painful is it to watch bitcoin price plummet?

I will be lying if i say that i will not worry when the price of bitcoin plummet, not only with bitcoin but with any form of investment and if the market goes down you will be worried on when the recovery will be. I have put my savings in bitcoin alone, earlier i used to diversify in alt coins too but now i only focus on bitcoin and the free coins i got because of the forks we had in bitcoin and i am here for the long term, so these small corrections will not hurt me as i have a clear idea on what to do with my investment.

[maydna]

So, a question for hardcore hodlers... would you sell your bitcoin if you KNEW the price is going down, only to re-buy later at a cheaper price?

I will rebuy bitcoin again at a lower price, and I don't want to sell bitcoin if the price is going down. That will make me lose some money, although I can buy more bitcoin at a lower price. It is better to still hold the bitcoin than to selling bitcoin at a lower price, and we have time to wait for the price to be back to the higher rate. I think that is what other people do with their bitcoin because they have the same reason as me to hold the bitcoin. It's no need to be a hardcore holder to hold bitcoin still because every people can hold it for a while if they don't want to get lost the money by selling their bitcoin at that time.

[princerepon]

So, a question for hardcore hodlers... would you sell your bitcoin if you KNEW the price is going down, only to re-buy later at a cheaper price?

Of course i did. I mean if there is any chance for me to grow my btc then why not i take that chance.!! But i think it's difficult to know when price going to down i guess. So that's why those people who don't know a lot about trade they just buy btc and hold for a specific time and they sold it.

[Google+]

storing aseet cryptocurrency must be as thorough as possible and looking for potential coins so that you can benefit when you save for the long term, for me because I am too busy with work in the real world I prefer to only hold bitcoin for as long as I can.

[Rebisco]

Many of us here are hardcore bitcoin believers. If you are anything like me, you've put most of your savings in bitcoin.

However, how painful is it to watch bitcoin price plummet?            

April 1st signaled the start of what seemed would be yet another bull run… however, the rally seems to have been cut short without getting close to the all-time high.

What do you think would be a smarter way of hodling bitcoin other than standing still, bag in hand, while watching the price go back down to the $3K range?

If you are a investor then your goal is to earn profit in a long period of time. I am a trader and perception of trader and investor are different. I only buy bitcoins if my technical analysis me a signal to buy. I keep making profit in a short period of time.

[LogitechMouse]

Many of us here are hardcore bitcoin believers. If you are anything like me, you've put most of your savings in bitcoin.

I'm one of them and I know that it is a very risky move for me but I trust Bitcoin that is why I'm risking it. I'm ready into any situation that can happen to Bitcoin even it goes up or down .

However, how painful is it to watch bitcoin price plummet?            

When I first experienced the bull market last 2017, I didn't felt anything since I'm a newbie at that time. When I experienced the year of hell last 2018, I didn't felt anything too. Maybe I'm just rock-hearted when it comes to investments . I saw Bitcoin go up so much and go down so much already and I felt nothing

April 1st signaled the start of what seemed would be yet another bull run… however, the rally seems to have been cut short without getting close to the all-time high.

Many believed it too but there is a quote saying "What goes up will go down" and that happened to Bitcoin. A little bit expected but I don't see Bitcoin going back to its previous lows of ~$3000.

What do you think would be a smarter way of hodling bitcoin other than standing still, bag in hand, while watching the price go back down to the $3K range?

One is to analyze the market and learn when is the perfect time to buy and sell.
Another one is to just accumulate more Bitcoin and hold for the long run.

[ancafe]

so far I also believe in hardcore bitcoin. however, I can only believe in the potential increase in the price of bitcoin. although currently there is a bear market, now I only see it as an opportunity to have a large amount of bitcoin.

however, we will not know the potential of bitcoin before halving happens in 2020. the opportunity is huge, even every halving happens, there will definitely be a bull run there. so far I have only held bitcoin for that reason. for now, I'm just reading and waiting for the latest information