Are you holding Bitcoin?

[wizardofoz113]

In one year, most of Bitcoin's rally usually occurred within a few days. Therefore, the "Hold Bitcoin" strategy is still considered the best, according to Binance Research.

In fact, in one year, the pump for Bitcoin only happened in a few short days, and most of the rest was sideway. Therefore, it is easy for investors to miss the pump if they are not regularly watching the market.

According to the recently published data, since 2013, the annual growth performance of Bitcoin only occurred in about 10 days, which means that each year we will have 10 days that Bitcoin actually increases aka "pump". After this 10 days, Bitcoin will go sideway and the growth performance may decrease by 25%.

Therefore, the actual pump of Bitcoin is very short, it is only a blink of an eye compared to the rest (sideway or decline).

However, there are also many ideas that "not every Hold is the best". If a person held bitcoin before December 2017 until now, they would still lose more than 50%.

If you are an investor who does not have much time to observe the market, nor know the analysis of charts, then the Hold option is the best for you.

And for investors who like to "trade", certainly Hold is not their choice, because the short-term waves are the time when they make the best profit.

How about you? Are you holding Bitcoin

[noormcs5]

How about you? Are you holding Bitcoin

Holding Bitcoin is still the best deal if you are looking to make long term profits. Many of my friends are in loss because they invested in altcoins but few who held bitcoins are still in profit. I will prefer to keep my portfolio in bitcoin for long term and buy altcoins only for short term duration.

[jazmuzika217]

I am holding bitcoin since last quarter of 2018 and when a huge increase was came last April 2019 I was still not contented and greed so I still hold my coin until now. Sometimes we need to accept even not a very good income to avoid this kind of literal long term holding or investment. It is better to make an continues income even you earn small percent of your capital.

[Fappanu]

The price of bitcoin went up nearly 20,000 $ and then it gradually dropped, Unfortunately I was one of those who did not sell in those days because I thought it would continue to rise. So now it is better to hold bitcoin and set a target price to sell or let us keep pace with the waves that whales are making so we can profit and also have the advantage of buying at a cheap price.

[Ucy]

Both hold and trade are better in my opinion.

It's probably best to have three address categories for Bitcoin/Cryptocurrencies: 1. a separate address/addresses for long-term hold, second address/addresses for regular trading and the third one for storing some fund in stablecoin. This is another form of decentralization...not wise to put all your eggs in one basket.

[Mahanton]

If you are an investor who does not have much time to observe the market, nor know the analysis of charts, then the Hold option is the best for you.

And for investors who like to "trade", certainly Hold is not their choice, because the short-term waves are the time when they make the best profit.

How about you? Are you holding Bitcoin

If you do go for long term then Hodling would be the best strategy for you but there were people who do really not want to wait for long time but rather they do
actively trading up coins to accumulate profit on a short span of time which is a considerable way on making your stash more bigger but as we all know that it would
always have the corresponding risk in exchange but  if you do able to handle on to be profitable short time then i would say that this would be the best option.
Ofcourse, people would always consider on accumulating btc since we know into its possible profitability.

[jets567]

Yes I'm still holding Bitcoin and keep buying when there's a decline because I beliee that Bitcoin is still profitable in the long run though I knew that some traders is continously earning from Bitcoin in short-term trading but it needs a wide knowledge in the market which I'm not good at so I prefer to hold it and hoping that Bitcoin's price will grow in the next coming years.

[Aikidoka]

Yes I'm still holding bitcoin, because i know it's gonna gain a high value later in the future, so i still have faith on it and i believe that's the market will be pushed sooner or later.

[exstasie]

In one year, most of Bitcoin's rally usually occurred within a few days. Therefore, the "Hold Bitcoin" strategy is still considered the best, according to Binance Research.

In fact, in one year, the pump for Bitcoin only happened in a few short days, and most of the rest was sideway. Therefore, it is easy for investors to miss the pump if they are not regularly watching the market.

Tom Lee and others have correctly pointed this out before. The gains in BTC often happen so quickly (and are followed by so much consolidation) that long term hodling is the most viable investment strategy.

However, there are also many ideas that "not every Hold is the best". If a person held bitcoin before December 2017 until now, they would still lose more than 50%.

That's the most extreme example, yes. Remember though, the same used to be true of June 2011, April 2013, November 2013. People who bought at $32 or $250 or $1,160 are sitting on huge profits now.

[NeuroticFish]

And for investors who like to "trade", certainly Hold is not their choice, because the short-term waves are the time when they make the best profit.

I think that even traders may be holding some coins. I see it not a contradiction, instead a "diversification" of the ways to gain some more and maybe lowering the risks too.
I did a bit of trading in the past, I do hold a little too, but I had to spend too.. more than I wanted to. So I can't say I am a true HODLer...

[Pearls Before Swine]

My answer is 'yes'.  And the reason why I'm holding btc is because when it was oscillating around $10,000 I thought that any time it dipped under that price would be a great time to buy and I did.  Did I expect btc to fall to where it is now?  Not really, but it didn't shock me at all and I've continued to buy more.

The best time to buy anything that's worth buying is when it's on sale, which bitcoin is right now.  That isn't to say I can predict its price with any accuracy but I don't doubt for a single second that it's going to blast past $10,000 and go well above that.  It could be next year, the year after, who knows but it's going to happen.  And I'll be holding onto my coins that I'll look back at and think I got really cheap.

[tenakha]

However, there are also many ideas that "not every Hold is the best". If a person held bitcoin before December 2017 until now, they would still lose more than 50%.

Those who bought BTC cheaper than the current price before December 2017 did not lose, on the contrary, they made a profit. Measure your earnings with the amount you invest, not your regrets.

If you are an investor who does not have much time to observe the market, nor know the analysis of charts, then the Hold option is the best for you.

And for investors who like to "trade", certainly Hold is not their choice, because the short-term waves are the time when they make the best profit.

How about you? Are you holding Bitcoin

I continue with both options. While holding an amount in the wallet, I evaluate other opportunities with the remaining portion. I guess I do not miss an opportunity with this way.

[Yamifoud]

Long term holding will only be good if you have patience. It is only a few of us doing that for sure as more of us here are more preferable in short-term holding knowing the fact of its volatility. In fact, I consider myself as one of those short-term holders, I have patience but I'd rather enjoy the moment when Bitcoin price jump high and then sell off my BTC. We know it turns down back again, consider this a time to buy back and hold again.

For the best thing to do if we have Bitcoin in our wallet better learn to trade just what I did with my holdings. It eventually helps us to kept track of our Bitcoin and even gains more profit as well.

[TravelMug]

Of course majority here hold their bitcoin because we all known that sooner or later it will reach a new all time high so in turn will give us a huge windfall. The only problem with the HODL mentality is that you really need to fight the urge to sell if you see the price is falling way below the price you buy.

But I'm sure there are also bitcoin speculator/traders around, who love to short bitcoin. Nothing wrong with that, they know the risk and is willing to take it. So that's two school of thoughts here, HOLDer's who doesn't want to take the risk and prefer to stay low key, and then those risk takers who are willing to short bitcoin.

[btc_angela]

Just imagine this for holders, if you bought bitcoin with the price is $3200 last year, you're definitely in the plus side for this year. And the amount of profit you got? no other investment platform can gave you that. So I also hold bitcoin because I know year-to-year you can get huge ROI but literally doing nothing. Buy the dip, hold relax, have patience and then wait for the block halving next year.

[ethereumhunter]

I am holding bitcoin from the last year, and I buy more bitcoin at $3200. Yes, I make a profit because I some portion of bitcoin, but I still hold the other amount of bitcoin because I believe that bitcoin price will be rise. In 2017, I sold my bitcoin, and that makes me get a big profit, and I miss that time. I am sure that we will see another best time for bitcoin soon. Maybe it will happen in the next year or before or after the halving happen. Trade bitcoin will be the best way to increase your bitcoin amount right now, so don't miss that chance.

[leowonderful]

Yes, and I'm still holding a large amount of the coins I accumulated around 2016 and early 2017, which makes my average price of entry much lower than the price we're currently at. I also trade a certain percentage of my holdings regularly, though I typically risk a very small amount of that money per trade. I've made many times more holding Bitcoin than I likely ever will trading it, and I'm fine with that.

The majority of people are also not profitable at all whilst trading. That's statistically the reality of trading, and that makes holding an extremely easy and still profitable thing to do if you can afford it. The golden rule is always to never invest more than you can afford to lose, no matter what the circumstances may be. Nobody knows where Bitcoin's going, though we can make guesses based on certain factors.

[Cherylstar86]

How about you? Are you holding Bitcoin

Holding Bitcoin is still the best deal if you are looking to make long term profits. Many of my friends are in loss because they invested in altcoins but few who held bitcoins are still in profit. I will prefer to keep my portfolio in bitcoin for long term and buy altcoins only for short term duration.

Having a bitcoin nowadays is the great way and definitely a nice way to invest due to the fact that bitcoin is not as huge price as before. If we can imagine bitcoin will be increase as much as $15,000 to $18,000 you can earn as much as 2 times as the recent price. Also, we can't assure everything that the most challenging part is our patience on how long it will take and the worst case is when the time you really need that amount in the most unexpected situation.

[bitzizzix]

Yes, I always hold bitcoin and always take the opportunity to make purchases gradually when there is a decrease and sell it a little when there is an increase and that too if I really need it, and if I don't need it I will not sell.
and bitcoin will be more profitable if I make long-term investments and I will continue to hold it before bitcoin reaches the highest price to get a satisfying profit.

[maxreish]

However, there are also many ideas that "not every Hold is the best".

Sometimes, our last resort is to hold even if it takes time. But there is always a better way than holding our btc. Think about it, since you are a risk taker, selling it in a deficit price and then buy it in much lower will also compensate your lose. However, since most of us here are afraid to do that and we only want to see our btc to profit, what we can do is seat back, hodl and watch the market grow until we make some profits even if it takes months.