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Author Topic: Are we all fools on believing the word "HOLD"?  (Read 5735 times)
uneng
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November 20, 2019, 05:17:06 PM
 #61

From my point of view, if your profit is negative already there is no reason to sell... The loss you already has, selling it or not, then why not continue hodling, at least there are chances you can recover these losses in the future.
But once you have a profit chance, during a bull run, I suggest you to sell your coins and recover your investment with profit, then you start investing again later. Because to hodl forever doesn't make sense, sooner or later you need to enjoy this money, otherwise you will get older, weaker, so you couldn't use it nicely.

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Winscosinally
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November 20, 2019, 05:20:05 PM
 #62

I like to share my story being a crypto enthusiast, a trader and an investor at the same time.

I started in this forum in year 2015 when altcoins are still a good investment and Binance is still not the most popular exchange in the market.
I trade with Poloniex most of the time, sometimes I trade with Bittrex but then I realize that I am not so profitable with trading since I cannot focus on it due to the reason that i have a day job to prioritize.

Therefore, I started to invest for long term and I was entice by how the market moves and I was so optimistic that long term could really change my life.
So to make the story short, I invested with different altcoins and have help it until now.

Now, when the bull run comes, I still couldn't sell right away as I was getting greedy thinking I could earn more when I still hold.
of course, who would not HODL when all your friends in the group chat are also doing the same, even if the price rise high already, they are still saying HODL, and I really do it, and just sell a small portion of my investment to reward myself temporarily was I was into a big goal with my remaining investment.

And then, the correction comes started in year 2018, and I still didn't panic, continue to hold and even accumulate a bit when I see price has really dump a lot, just imagine ETH drop 10 times, so its really cheap and really tempting for any investors. So here I am now, I am still holding at a big loss but at the same time I am still hopeful one day my dreams will come into reality.

So top 10 of my portfolio consist of the following based on my blockfolio.

1) Atlant
2) Edgeless
3) Centra
4) Humaniq
5) Matchpool
6) Lunyr
7) KIN
8.) FUEL
9) SONM
10)NPXS

Please tell me if I should still expect I will be profitable or just give up now already.
The word 'HODL' works for many and did make many into millionaires, it depend on how less greedy and smart you are, i think the fool here is you, pardon me but its true, when coin brings 2x or more you have to take profit out because its certain that price will fall sooner or later
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November 20, 2019, 05:20:09 PM
 #63

I like to share my story being a crypto enthusiast, a trader and an investor at the same time.

I started in this forum in year 2015 when altcoins are still a good investment and Binance is still not the most popular exchange in the market.
I trade with Poloniex most of the time, sometimes I trade with Bittrex but then I realize that I am not so profitable with trading since I cannot focus on it due to the reason that i have a day job to prioritize.

Therefore, I started to invest for long term and I was entice by how the market moves and I was so optimistic that long term could really change my life.
So to make the story short, I invested with different altcoins and have help it until now.

Now, when the bull run comes, I still couldn't sell right away as I was getting greedy thinking I could earn more when I still hold.
of course, who would not HODL when all your friends in the group chat are also doing the same, even if the price rise high already, they are still saying HODL, and I really do it, and just sell a small portion of my investment to reward myself temporarily was I was into a big goal with my remaining investment.

And then, the correction comes started in year 2018, and I still didn't panic, continue to hold and even accumulate a bit when I see price has really dump a lot, just imagine ETH drop 10 times, so its really cheap and really tempting for any investors. So here I am now, I am still holding at a big loss but at the same time I am still hopeful one day my dreams will come into reality.

So top 10 of my portfolio consist of the following based on my blockfolio.

1) Atlant
2) Edgeless
3) Centra
4) Humaniq
5) Matchpool
6) Lunyr
7) KIN
8.) FUEL
9) SONM
10)NPXS

Please tell me if I should still expect I will be profitable or just give up now already.
All these coins are good altcoins, right now i am sure you would have learn your lesson, coins will never keep surging without reevaluating, the fault is all yours, hopefully the future will be better

How can you say all the coins are still good? by seeing their trading volume? many coins from this has been died, like Centra,Sonm, Matchpool, Edgeless and some others. Most of the projects have no catchy update, how can these coins give him enough profits? No way.
Better I would suggest to OP, sell your altcoins and buy the reputed, updated one or buy the Bitcoin, as the Bitcoin halving is coming.

Bitcoin is gonna hit 100K usd
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November 20, 2019, 05:25:46 PM
 #64

I personally wouldn't hold altcoins long-term, save for few top altcoins and probably few new solid projects
In my opinion, most of your funds should be in Bitcoin, top altcoins could be allocated with 40% of the total fund while the remaining goes to Bitcoin(50%) and 10% for the new solid projects.
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November 20, 2019, 05:28:46 PM
 #65

I like to share my story being a crypto enthusiast, a trader and an investor at the same time.

I started in this forum in year 2015 when altcoins are still a good investment and Binance is still not the most popular exchange in the market.
I trade with Poloniex most of the time, sometimes I trade with Bittrex but then I realize that I am not so profitable with trading since I cannot focus on it due to the reason that i have a day job to prioritize.

Therefore, I started to invest for long term and I was entice by how the market moves and I was so optimistic that long term could really change my life.
So to make the story short, I invested with different altcoins and have help it until now.

Now, when the bull run comes, I still couldn't sell right away as I was getting greedy thinking I could earn more when I still hold.
of course, who would not HODL when all your friends in the group chat are also doing the same, even if the price rise high already, they are still saying HODL, and I really do it, and just sell a small portion of my investment to reward myself temporarily was I was into a big goal with my remaining investment.

And then, the correction comes started in year 2018, and I still didn't panic, continue to hold and even accumulate a bit when I see price has really dump a lot, just imagine ETH drop 10 times, so its really cheap and really tempting for any investors. So here I am now, I am still holding at a big loss but at the same time I am still hopeful one day my dreams will come into reality.

So top 10 of my portfolio consist of the following based on my blockfolio.

1) Atlant
2) Edgeless
3) Centra
4) Humaniq
5) Matchpool
6) Lunyr
7) KIN
8.) FUEL
9) SONM
10)NPXS

Please tell me if I should still expect I will be profitable or just give up now already.
You had your chances dear, the moment you start noticing price drops you still hesitate, you put yourself in this shape the fault is all yours, next time learn to get rid of your greed

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November 20, 2019, 05:31:27 PM
 #66

I like to share my story being a crypto enthusiast, a trader and an investor at the same time.

I started in this forum in year 2015 when altcoins are still a good investment and Binance is still not the most popular exchange in the market.
I trade with Poloniex most of the time, sometimes I trade with Bittrex but then I realize that I am not so profitable with trading since I cannot focus on it due to the reason that i have a day job to prioritize.

Therefore, I started to invest for long term and I was entice by how the market moves and I was so optimistic that long term could really change my life.
So to make the story short, I invested with different altcoins and have help it until now.

Now, when the bull run comes, I still couldn't sell right away as I was getting greedy thinking I could earn more when I still hold.
of course, who would not HODL when all your friends in the group chat are also doing the same, even if the price rise high already, they are still saying HODL, and I really do it, and just sell a small portion of my investment to reward myself temporarily was I was into a big goal with my remaining investment.

And then, the correction comes started in year 2018, and I still didn't panic, continue to hold and even accumulate a bit when I see price has really dump a lot, just imagine ETH drop 10 times, so its really cheap and really tempting for any investors. So here I am now, I am still holding at a big loss but at the same time I am still hopeful one day my dreams will come into reality.

So top 10 of my portfolio consist of the following based on my blockfolio.

1) Atlant
2) Edgeless
3) Centra
4) Humaniq
5) Matchpool
6) Lunyr
7) KIN
8.) FUEL
9) SONM
10)NPXS

Please tell me if I should still expect I will be profitable or just give up now already.
Try analyzing the market value always and track the movement of it so that you can come up with a better decision as you see what's really going to happen with your holdings. The cases among cryptocoins and tokens vary, there are some of it that grows very high all of a sudden after a long time and there are also instances where your holding appears to be a deadcoin already meaning you should already give up on it. Be smart and wise always, make sure you track the movement of the market value so that you may know if you are already a fool to hold for so long or not.
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November 20, 2019, 05:47:24 PM
 #67

I had similar errors.  Now for myself, I indicate the price at which I will sell, and let the price after the sale increase, I will be in the black.  I consider this option less risky than waiting for a higher price.  And I will not sell coins that I did not manage to sell because of my inexperience or greed at a low price.  hold
cryptoangel
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November 20, 2019, 06:05:28 PM
 #68

I personally wouldn't hold altcoins long-term, save for few top altcoins and probably few new solid projects
In my opinion, most of your funds should be in Bitcoin, top altcoins could be allocated with 40% of the total fund while the remaining goes to Bitcoin(50%) and 10% for the new solid projects.
It is depends on each one prediction and believing the altcoins or Bitcoin. Normally most are concentrate Bitcoin and Ethereum so these are lead the crypto market and number of altcoins are available in the market so we can invest top altcoins or Bitcoin and mainly invest top coins. In my personal opinion those are invested in holding for long term surely it will make wonderful profit so those are not like HODL we can skip these kind of others personal opinion.

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Wysi
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November 20, 2019, 06:06:29 PM
 #69

I had similar errors.  Now for myself, I indicate the price at which I will sell, and let the price after the sale increase, I will be in the black.  I consider this option less risky than waiting for a higher price.  And I will not sell coins that I did not manage to sell because of my inexperience or greed at a low price.  hold

Yes we have to set margin trading in order to stay away from losing but most of us are greedy and end up losing. I know some of long time HODLers who are least bothered about these fluctuations as they have done risk investment and sure that bitcoin will triumph. As you mentioned the worst thing anyone can do is panic selling at lesser price and then blaming on market situations.

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November 20, 2019, 06:14:42 PM
 #70

It really depends on what coins you hold. Also its very difficult to make that list of coins for HODLing. One good list could be top 10 coins in the coinmarketcap. I believe it wont disappoint us.

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November 20, 2019, 06:23:13 PM
 #71

if I think of holding altcoin or bitcoin for a long time, for me it is good and profitable to wait for price developments in the market to increase, because crypto prices also
more increasing.
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November 20, 2019, 06:25:31 PM
 #72

Now, when the bull run comes, I still couldn't sell right away as I was getting greedy thinking I could earn more when I still hold.

I feel you because being greedy is also the reason that causes me to minimize my earnings during the bull run but I take this bad experience as a lesson and move on because I still believe that there is a bright future in crypto.

So top 10 of my portfolio consist of the following based on my blockfolio.

1) Atlant
2) Edgeless
3) Centra
4) Humaniq
5) Matchpool
6) Lunyr
7) KIN
8.) FUEL
9) SONM
10)NPXS

Please tell me if I should still expect I will be profitable or just give up now already.

I'm not familiar on some of your list but Centra turns out to be a scam/dead coin now so there is no point on holding that coin. For your reference (CENTRA CTR SCAM - Founders Arrested)

 
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November 20, 2019, 06:31:06 PM
 #73

I like to share my story being a crypto enthusiast, a trader and an investor at the same time.

I started in this forum in year 2015 when altcoins are still a good investment and Binance is still not the most popular exchange in the market.
I trade with Poloniex most of the time, sometimes I trade with Bittrex but then I realize that I am not so profitable with trading since I cannot focus on it due to the reason that i have a day job to prioritize.

Therefore, I started to invest for long term and I was entice by how the market moves and I was so optimistic that long term could really change my life.
So to make the story short, I invested with different altcoins and have help it until now.

Now, when the bull run comes, I still couldn't sell right away as I was getting greedy thinking I could earn more when I still hold.
of course, who would not HODL when all your friends in the group chat are also doing the same, even if the price rise high already, they are still saying HODL, and I really do it, and just sell a small portion of my investment to reward myself temporarily was I was into a big goal with my remaining investment.

And then, the correction comes started in year 2018, and I still didn't panic, continue to hold and even accumulate a bit when I see price has really dump a lot, just imagine ETH drop 10 times, so its really cheap and really tempting for any investors. So here I am now, I am still holding at a big loss but at the same time I am still hopeful one day my dreams will come into reality.

So top 10 of my portfolio consist of the following based on my blockfolio.

1) Atlant
2) Edgeless
3) Centra
4) Humaniq
5) Matchpool
6) Lunyr
7) KIN
8.) FUEL
9) SONM
10)NPXS

Please tell me if I should still expect I will be profitable or just give up now already.

In my practice, there was a case when I received a crypto asset, which already cost quite well, but they knew to me that there would be even more growth and more money could be earned, as a result, the price of a crypto asset fell below the print, and I left with a nose. It seems to me that if you see a profit, then it is better to take profit now than to stay in the red.
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November 20, 2019, 07:12:08 PM
 #74

I think its a matter of what coin you hold because if you are holding a coin that is about to become a shitcoin then you're a fool, what I'm saying is that we must be very careful on choosing a coin to hold. Bitcoin is one of the examples that holding is still profitable since many people earn a huge amount of money just by holding and selling it at the right time.

 
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zhengqi
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November 20, 2019, 07:26:43 PM
 #75

Hold is a long-standing and working strategy, but it is not always relevant. I believe that we should always be in search of something new. Because the same strategy can't work for everyone the same way. There are many areas of earnings and fixate on one of them is unreasonable.

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November 20, 2019, 07:40:20 PM
 #76

It seems to me that your whole portfolio is this pile of garbage, the only way to make money on it is to buy this list now, because if you bought it earlier, for example in the summer, I think that you are in a strong minus, and your whole portfolio consists of old ones altcoins and we all see how they quietly leave the exchanges and only the new ones come to replace them. And if an old coin that already costs nothing disappears from the exchange, its price drops to a very strong bottom.

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xOdiumNostrumx
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November 20, 2019, 07:53:22 PM
 #77

Your portfolio is extremely risky as you are holding mostly "older" alts, most of them have already been forgotten by the major part of crypto community and may never return on the paths of their old glory. But I understand that its extremely difficult to re-balance your portfolio right now as this would mean selling those alts almost at the rock bottom. But who knows, maybe we will again witness the hyper alt season and your "forgotten" alts will flourish again, fingers crossed. 
Darktongue
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November 20, 2019, 08:00:55 PM
 #78

I like to share my story being a crypto enthusiast, a trader and an investor at the same time.

I started in this forum in year 2015 when altcoins are still a good investment and Binance is still not the most popular exchange in the market.
I trade with Poloniex most of the time, sometimes I trade with Bittrex but then I realize that I am not so profitable with trading since I cannot focus on it due to the reason that i have a day job to prioritize.

Therefore, I started to invest for long term and I was entice by how the market moves and I was so optimistic that long term could really change my life.
So to make the story short, I invested with different altcoins and have help it until now.

Now, when the bull run comes, I still couldn't sell right away as I was getting greedy thinking I could earn more when I still hold.
of course, who would not HODL when all your friends in the group chat are also doing the same, even if the price rise high already, they are still saying HODL, and I really do it, and just sell a small portion of my investment to reward myself temporarily was I was into a big goal with my remaining investment.

And then, the correction comes started in year 2018, and I still didn't panic, continue to hold and even accumulate a bit when I see price has really dump a lot, just imagine ETH drop 10 times, so its really cheap and really tempting for any investors. So here I am now, I am still holding at a big loss but at the same time I am still hopeful one day my dreams will come into reality.

So top 10 of my portfolio consist of the following based on my blockfolio.

1) Atlant
2) Edgeless
3) Centra
4) Humaniq
5) Matchpool
6) Lunyr
7) KIN
8.) FUEL
9) SONM
10)NPXS

Please tell me if I should still expect I will be profitable or just give up now already.
You were so greedy but you did apply your best experience and failed. This is not possible to new coin before the time was come to release coin. You also started to invest in new coin, you are believing in new coin because of crypto benefits.
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November 20, 2019, 08:36:35 PM
 #79

I use hold, it's a really good strategy. But in the current market situation, you need to use several strategies. If you just hold your coins, so it is possible to starve to death.
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November 20, 2019, 08:37:58 PM
 #80

Holding to the end is just as silly as crazy daytrading strategy Smiley
The more extreme and foolish earning style is using margin trading with 1x10 leverage, lol Smiley
Holding should be smart, without felling in love with any coin. Buy, hold, sell. No mercy Smiley

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