Smart hodling vs just hodling

[Asmonist]

Sometimes I just hold and when price drop I will buy another. I just hold the previous and wait for its higher price. Its quite a long period to do so and needs more funds to buy when in its lowest. Smart holding is quite interesting also. I may try it next time. To sell when price gets low and buy the lowest price again. So most probably you loss on the first sell. And you still need to bet the price the first time you bought it. Its good when you just have to roll your funds and need not to have new fund to buy again.

[Aying]

Sometimes I just hold and when price drop I will buy another. I just hold the previous and wait for its higher price. Its quite a long period to do so and needs more funds to buy when in its lowest. Smart holding is quite interesting also. I may try it next time. To sell when price gets low and buy the lowest price again. So most probably you loss on the first sell. And you still need to bet the price the first time you bought it. Its good when you just have to roll your funds and need not to have new fund to buy again.

I lose my appetite on trading when I do that strategy. I wouldn't suggest this kind of way for trading. but you have your own way to maximize your funds but this took too long for me. I really choose those potential one's on short term trading congruent with long term. need to organize my funds and cycle it I don't want to waste any amount to new one. its a waste of time and budget, we know how exactly market circulation and we can learn it. just make sure you should not lost your focus.

[DarkDays]

What an absolutely obvious statement.

Sell high and buy low is pretty much the gist of what you're saying. However, this is easier said than done particularly when the bulk of cryptocurrency traders have no idea why the market moves and how to predict it.

For these people, I think simply investing their BTC/USDT etc in low risk, low-medium reward investment opportunities is a safer bet. Sure you might not make as much as riding the peaks and troughs, but you also won't get rekt like the vast majority of holders.

There are plenty of options out there, e.g. bankroll investment, lending products, equity deals etc, just look around guys.

[doomistake]

For someone with a little understanding of digital market, holding is best.

I disagree.

Holding requires also a lot of skills, to be honest, holding without any idea what tokens you are holding, how much potential of those tokens you are holding could give you in the long run, and so many more, there are so many things that we should consider regarding about holding, it is not a child's play. Holding alone will make your profits disappear, you might wake up one day and your portfolio doesn't have any value (burning of tokens) or being delisted on exchanges.

I think you're not talking about the holding , holding is just holding. Buy and wait till months or years before we sell it.
You talked about how to choose a good coins to hold and how to control our emotion for not panic when our token / coins experienced a big drop.
Holding only top crypto currency is recommended for beginner, coins such as ETH, XRP, XLM are the coins with a great future and it might won't disappoint the holders

So you mean you don't want to hold good coins, and randomly buy cheap coins you see on exchanger, hold it and wait for months or years before you sell it? doesn't sound like a good plan to me.

But let's go with your point, maybe holding is just holding, the way you hold your coins is like running a cup full of hot water without a lid or cover, and it will spill all over you, you'll get hurt (losing your profits) and the way I hold my coins is with a lid, of course, we are both running (holding) but unlike you, I am very careful not to spill hot water on me, at least I am aware.

[k@suy]

My advice to you, always expect a recession.
Even if you have to wait a long time (as practice shows no more than a year), however, before the growth, the price is always pressed down to buy as cheaply as possible and put as many people into the boiler as possible. This is a key factor that will allow you to maximize your profits. Take your time. Crypto market is in no hurry, feel its pace and move to the beat.

Just hodl it, recession is always there. Since bitcoin is created there were times that the market crashes each year bitcoin may at its lowest price than it could be last year and the next year will be bull run, market is uncertain. You may also invest in other altcoins so that when recession ends all of your coins will pump too, as they all depends on bitcoin status.

[supercanada1]

My advice to you, always expect a recession.
Even if you have to wait a long time (as practice shows no more than a year), however, before the growth, the price is always pressed down to buy as cheaply as possible and put as many people into the boiler as possible. This is a key factor that will allow you to maximize your profits. Take your time. Crypto market is in no hurry, feel its pace and move to the beat.

Just hodl it, recession is always there. Since bitcoin is created there were times that the market crashes each year bitcoin may at its lowest price than it could be last year and the next year will be bull run, market is uncertain. You may also invest in other altcoins so that when recession ends all of your coins will pump too, as they all depends on bitcoin status.

Holding is the right thing to do. The only way to make money out of bitcoin or any altcoin, it is a must to not sell out coins during the downfall season and hold them for a long duration of time. The time actually depends on the personal preference of the owner. As far as he is not selling during dips, all sorts of holding will return huge benefits. If someone is holding bitcoin, he does not need to think about altcoins.

[zeze18]

My advice to you, always expect a recession.
Even if you have to wait a long time (as practice shows no more than a year), however, before the growth, the price is always pressed down to buy as cheaply as possible and put as many people into the boiler as possible. This is a key factor that will allow you to maximize your profits. Take your time. Crypto market is in no hurry, feel its pace and move to the beat.

I have the opposite opinion from you, i think cryptocurrency is the market of hurry, which is the movement of all coins changes really fast, if we can take an advantage from those movement i think we'll be really profitable. But if we just hold for a long time and not agile towards market conditions we could be in dangerous area since we have to up to date with the crypto updates and news. Even holding bitcoins for too long and not monitoring the crypto updates is also dangerous with our assets.

[logicgate]

My advice to you, always expect a recession.
Even if you have to wait a long time (as practice shows no more than a year), however, before the growth, the price is always pressed down to buy as cheaply as possible and put as many people into the boiler as possible. This is a key factor that will allow you to maximize your profits. Take your time. Crypto market is in no hurry, feel its pace and move to the beat.

Just hodl it, recession is always there. Since bitcoin is created there were times that the market crashes each year bitcoin may at its lowest price than it could be last year and the next year will be bull run, market is uncertain. You may also invest in other altcoins so that when recession ends all of your coins will pump too, as they all depends on bitcoin status.

   This is normal for bitcoin and rest of all famous altcoins to increase and decrease in values spontaneously and magnificently. The recession of bitcoin is almost over and we are on way to great recovery. At the moment and in next few months, there would be news circulating abut defamation of bitcoin by haters but all we need to do is simply keep holding onto bitcoin strongly in order to help it recover easily.

[bitbunnny]

Even if you decided just to hold your coins and not trade them your business doesn't end up there. You always have to watch the market and the movements and react if necessary to save or to enlarge your portfolio. That is for me smart holding. And you need to have the plan, what is your final goal.

[Superalgos]

Even if you decided just to hold your coins and not trade them your business doesn't end up there. You always have to watch the market and the movements and react if necessary to save or to enlarge your portfolio. That is for me smart holding. And you need to have the plan, what is your final goal.

What logic would you use to "react if necessary"?

[Arkann]

Even if you decided just to hold your coins and not trade them your business doesn't end up there. You always have to watch the market and the movements and react if necessary to save or to enlarge your portfolio. That is for me smart holding. And you need to have the plan, what is your final goal.

To adhere to only a simple holding strategy, you need to have not only a very strong psyche to react less to a difficult situation in the cryptocurrency market, but also have excellent confidence in the prospects of the cryptocurrency and the entire cryptocurrency market in the future.  But it seems to me that today, however, most cryptocurrency users use a smart holding, because they constantly monitor the cryptocurrency market.

[Botnake]

Even if you decided just to hold your coins and not trade them your business doesn't end up there. You always have to watch the market and the movements and react if necessary to save or to enlarge your portfolio. That is for me smart holding. And you need to have the plan, what is your final goal.

To adhere to only a simple holding strategy, you need to have not only a very strong psyche to react less to a difficult situation in the cryptocurrency market, but also have excellent confidence in the prospects of the cryptocurrency and the entire cryptocurrency market in the future.  But it seems to me that today, however, most cryptocurrency users use a smart holding, because they constantly monitor the cryptocurrency market.

That's necessary because you can't just hold until the end and just come what may.
When you are holding, you are also looking for a great timing to sell, of course that's based on our target, and in addition, you need to be updated so you can jump from the ship out if there's something bad happened to the project, like if it will go dark and scam investors.

[lienfaye]

Even if you decided just to hold your coins and not trade them your business doesn't end up there. You always have to watch the market and the movements and react if necessary to save or to enlarge your portfolio. That is for me smart holding. And you need to have the plan, what is your final goal.

To adhere to only a simple holding strategy, you need to have not only a very strong psyche to react less to a difficult situation in the cryptocurrency market, but also have excellent confidence in the prospects of the cryptocurrency and the entire cryptocurrency market in the future.  But it seems to me that today, however, most cryptocurrency users use a smart holding, because they constantly monitor the cryptocurrency market.

That's necessary because you can't just hold until the end and just come what may.
When you are holding, you are also looking for a great timing to sell, of course that's based on our target, and in addition, you need to be updated so you can jump from the ship out if there's something bad happened to the project, like if it will go dark and scam investors.

Indeed, we have to be alert because the market is changing and the project as well. Some of them are turning to scam so before it happens we need to have an exit plan and be prepared. Smart holding is like you know what to do in every situation and knows how to take advantage the market regardless if its bearish or not.

[zeze18]

Even if you decided just to hold your coins and not trade them your business doesn't end up there. You always have to watch the market and the movements and react if necessary to save or to enlarge your portfolio. That is for me smart holding. And you need to have the plan, what is your final goal.

For some exchanges they already have a features that can sell when the price is go down beyond our target that called stoploss and also a feature that we will sell our coin when the price is already above what we determined. So, watching the market is not mandatory when we already determined when we want to sell. And also people said investing in crypto is so risky so we just invest money that we can afford to lose. So, if we determined to hold, just buy and hold without worrying the market condition

[Magkirap]

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

I am one of those bitcoin believers, but I dont see myself putting all my money or savings in bitcoin because I know the risk. Once that there is money involve then risk is heading for sure, I don't want to take high risk so I don't want to put ALL MY SAVINGS in bitcoin.

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

Of course it's hard to see that.

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 don't think there is a smarter way of holding bitcoin.

You really shouldn't put all of your money/savings in bitcoin alone, yes bitcoin is profitable but just like what you've said its risky, having it invested on multiple coins is much better. Holding coins means you will not touch it or do anything about it because you are keeping it, you are holding so i think there is no such thing as smart holding because our one and only goal in holding coins is to wait for the right moment to sell it and have your profits, no one holds a coin just because he likes it.

[anume123]

Ofcourse smart holders need a good altcoins to invest and to hold not even you hold a coin that has no potential to increase and can't wait to earn as you wait for too long.

[ice098]

Even if you decided just to hold your coins and not trade them your business doesn't end up there. You always have to watch the market and the movements and react if necessary to save or to enlarge your portfolio. That is for me smart holding. And you need to have the plan, what is your final goal.

Yes even when you hodl it still, the price of the amount you are hodling is changing. If I were you OP I will do smart holding, I will trade a little bit so that my income will increase more than the amount it will be when I will just hodl it. But it is up to you if you want a long term or a short term investment.

[Superalgos]

By the way, the strategy I pointed in the OP is again in the middle of a trade, shorting bitcoin... looking promising... The stop hasn't started trailing yet but will soon if the slide downwards continues... Current TP at 7.2k... Did I mention it's open-source? See http://superalgos.org if you are interested...

[Vertex_ICO]

Many of us here are hardcore bitcoin believers. If you are anything like me, you've put a good chunck 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 down in each correction, or maybe even back to the $3K range?

To me, the utmost goal of a hardcore hodler is to accumulate bitcoin, as much as possible, always managing your risk level.

With that in mind, the smarter way to hold bitcoin is to sell it when prices start going down, only to re-buy a larger quantity when prices stabilize at a lower range. Then, with the same capital, you increase your bitcoin holding every time prices drop.

That is what I'm doing at this point. I'm using a strategy a few friends and I built. The strategy seems to be very good at predicting big downward market moves, giving a sell signal early on, as the move starts developing. It also indicates when you should re-buy. Backtests show amazing performance in 2018 (549% ROI in BTC) and 2019 (106% ROI in BTC). Current live trading experience is quite short-lived, but we did catch the fall of September 24th, with a 26% ROI in BTC in a single trade.

The strategy is explained in this article recently published in Hackernoon: How to Increase your Bitcoin Holdings in a Bear Market - Part I

Frankly I think your strategy is really good. Rather than just being a placid hodler, taking action and minimizing risk while continuing to accumulate is a much better idea than just standing around with all your proverbial eggs in one basket.

[Superalgos]

As the OP, I have to say that I'm doing well doing a bit of trading when bitcoin goes down. Another great 15.7% win in BTC with the Weak-hands Buster open-source strategy. Bitcoin has been going down for several weeks, but there is no need to suffer if you manage to sell bitcoin as it starts diving and take the profit at the bottom, buying more bitcoin with the same money. This strategy may be fully automated in the Superalgos Desktop App and can help you with the timing. This is the trade closed an hour ago: