Stack sats / HODL philosophy (noob question)

[jdn_ldn]

I'm fairly new to this space and I'm quite keen on the "stack sats and chill" DCA approach as opposed to trading as I believe in btc long term. I mean I just want to add to my btc holdings whenever I can at whatever price and don't care much for short term price movement, no matter how drastic. Do many of you follow this approach or are you mostly traders?

Another question- When people preach HODL philosophy (obviously I know it means hold) is this the same "stack sats and chill"... or are the HODL'ers just those that invested big at some point in the past and are long-term holding a single position?

[Darker45]

Do many of you follow this approach or are you mostly traders?

I have a specific amount that is specially set aside for long term HODLing no matter what happens. And I am always trying to add sats to it little by little. I have another amount that is traded mostly during large swings. And a more limited amount for spending and converting into cash.

Another question- When people preach HODL philosophy (obviously I know it means hold) is this the same "stack sats and chill"... or are the HODL'ers just those that invested big at some point in the past and are long-term holding a single position?

HODL does not refer to a specific amount or range of amount; it refers to the act of keeping your BTC intact in your wallet, however small or big it may be, despite the rough ride, not necessarily in an unflinching way but definitely with more resolve than the weaker hands. Sometimes the "stack sats" remain but the "chill" is gone. But that I guess is very normal especially if the value is plummeting. The important point is that the HODL continues.

[joniboini]

Sometimes the "stack sats" remain but the "chill" is gone. But that I guess is very normal especially if the value is plummeting. The important point is that the HODL continues.

Isn't it the other way around? I kinda get the feeling that the 'chill' part is about keeping/holding your bitcoin on your wallet regardless of the short-term price movement.

Hodler doesn't necessarily mean they don't or do DCA or stacking satoshi, it's the 'chill' part of OP philosophy if I understand it correctly.

[Wexnident]

There's a difference in your philosophy and those that invest in the long term. That's basically it, and well, different traders have different approaches so as to what to do with their money, so nothing we can do about that. I'm more to the Trader side, though I don't do any complicated stuff. Buy low, sell high, basically my entire trading life.

HODL just means not to sell, whether the market price is very high or very low. Takes a lot tbh, but if you've experienced the 2017 times till today, you'd be pretty much experienced about it. You've pretty much seen every wave there is if you've been trading since then after all.

[pooya87]

it depends on what amount you have in mind when you say "stack sats". in many cases among newcomers the "satoshi" amount is too low and sometimes even the faucet level amounts such as 10 satoshi! in which case it is a total waste of time.
but if it is more meaningful amounts that you put aside, like setting aside some small amount of money and buying bitcoin with that, then it makes sense and can be considered a good investment strategy.

[avikz]

I'm fairly new to this space and I'm quite keen on the "stack sats and chill" DCA approach as opposed to trading as I believe in btc long term. I mean I just want to add to my btc holdings whenever I can at whatever price and don't care much for short term price movement, no matter how drastic. Do many of you follow this approach or are you mostly traders?

Another question- When people preach HODL philosophy (obviously I know it means hold) is this the same "stack sats and chill"... or are the HODL'ers just those that invested big at some point in the past and are long-term holding a single position?

Let me compare these approaches to the real world examples.

Stack sats and chill - It's known as SIP in real world. A certain amount of money goes into buying bitcoin at a certain interval. You don't need to worry at the price level because with this approach, you will average out your buying price. Real world example - Mutual fund.

HODL - literally means Holding as you have said. Buy lump-sum whenever possible and hold it for a long time so that you can maximize the profit. Very similar to the time deposits of banks. Just the return is not guaranteed.

Hope this makes sense!

[davis196]

I'm sure that there aren't any 100% fanatic HODLers and any 100% day traders,who don't HODL even a sat.
The HODLers usually HODL a part of their Bitcoins and trade coins with another part.The day traders can be HODLers at the same time.Nobody is a HODLer forever.There's a certain price,where the HODLers will sell their BTC.It might be at the new ATH,it might be below the ATH,or it might be slightly above 10K USD.
I don't use the "stack sats and chill" tactic(buying small amounts of BTC here and there and hoarding)
because buying BTC is expensive and in the end,you are going to pay more fees for buying those small chunks of Bitcoins.

[mk4]

Do many of you follow this approach or are you mostly traders?

It's safe to assume that most here are hodlers.

Another question- When people preach HODL philosophy (obviously I know it means hold) is this the same "stack sats and chill"... or are the HODL'ers just those that invested big at some point in the past and are long-term holding a single position?

Hodlers could either be DCA investors, or lump sum investors(big amounts at a time).

To sum it up:

• Hodler: a person who holds bitcoin regardless of price
• stack sats and chill: hodler + continuing to buy bitcoin(or sats, specifically)

[Wind_FURY]

OP, I have my own philosopy, but it doesn't matter. If you want to HODL, you HODL, if you want to SPENDL, you SPENDL. You want to TRADL? Then you TRADL.

Store of value, medium of exchange, trade it, save it, spend it. Go!

[Yaunfitda]

How can you chill when are you just 'stackin sats'? If that is your strategy that that is a constant buying, there's no chill part on it.

As oppose to long term HOLDer's those who bought when the price is still cheap and then continue to buy in dips.

[figmentofmyass]

OP, I have my own philosopy, but it doesn't matter. If you want to HODL, you HODL, if you want to SPENDL, you SPENDL. You want to TRADL? Then you TRADL.

Store of value, medium of exchange, trade it, save it, spend it. Go!

+1. people who bitch and moan about hodlers for hoarding, or speculators for causing volatility, are super annoying. bitcoin was created to stop other people from controlling our money and what we do with it.

i'm part holder, part spender, part trader, part gambler......

[Kupid002]

If you just want to increase your bitcoin holdings then holding is not the best option.
Trading is the way to increase your holding buy at low price then sell at high price always do this not only buying you also need to sold your holding if you see a signal that the price go lower in that case you can rebuy back at lower and increase the sats you are holding.

[capn]

The whole hodl philosophy is to keep crypto and not sell in any way. Even if you think you need to do it right now, be patient.

[Heisenberg_Hunter]

Right at the beginning of knowing about bitcoin, a little over 2 years back I was keen on trading alts and increasing my bitcoin holdings. A known guy invested too much in alts (0.4 BTC) during the bull run and has lost almost 10x during the 2018 dump. At the current trading prices, his total holdings is worth just over 0.04 BTC. Right after this incident, I totally moved away from trading pump and dump alts and have been accumulating only bitcoin and popular alts as much as I can.

During the 2018 December dump, I invested some amount in Bitcoin and have kept aside those for relatively long term in my cold storage. Later on, just bought some little amounts during the dips and even now trade them with Ethereum, Monero and some popular alts. I have traded and cashed out the little amounts and all I risk now are the profits which were received from trading in various top 10 alts. The remaining btc of mine are held as physical crypto collectibles as if at one point of time bitcoin dumps strongly,  my collectibles would help me in accumulating even more bitcoins.   I would never touch the cold storage even how low the bitcoin goes or how higher the bitcoin goes over time. Rather I accumulate some top alts along with my beautiful collectibles.

Another question- When people preach HODL philosophy (obviously I know it means hold) is this the same "stack sats and chill"... or are the HODL'ers just those that invested big at some point in the past and are long-term holding a single position?

I was quite late to investing in bitcoin but I have ventured into most of the popular fields of bitcoin investment like HODLING a significant btc for longer term, trading alts and stacking some percentage of alts, investing in physical crypto collectibles and so on.

[jdn_ldn]

Thanks very much everyone for your replies, I understand the difference now.

It certainly seems to make sense to be part HODL'er part swing trader in blatant bull/bear markets.

My only concern with trading in the near future is the PlusToken scammers. Don't they still have loads of btc/alts that they're randomly going to keep dumping, thus significantly messing with price action?

[jdn_ldn]

I don't use the "stack sats and chill" tactic(buying small amounts of BTC here and there and hoarding)
because buying BTC is expensive and in the end,you are going to pay more fees for buying those small chunks of Bitcoins.

Are the fees really a big factor? I'd buy at Coinbase which has a 0.5% taker/maker fee (cheeky as it used to be 0.3% taker, 0% maker). I thought that these fees would be insignificant compared to the % gains btc is widely expected to make over the next couple of years proceeding the upcoming the halving...

[joniboini]

My only concern with trading in the near future is the PlusToken scammers. Don't they still have loads of btc/alts that they're randomly going to keep dumping, thus significantly messing with price action?

As far as I know, nobody knows for sure. Finding the right time to trade is always going to be difficult, which is why there is a stop-limit order in place.

Still, watching how the market move while holding your current savings is not a bad thing either.

[figmentofmyass]

My only concern with trading in the near future is the PlusToken scammers. Don't they still have loads of btc/alts that they're randomly going to keep dumping, thus significantly messing with price action?

they probably don't have much BTC left. in december chainalysis had definitively identified 45k BTC belonging to the plustoken scammers, 25k of which had already been cashed out. according to this march update, they've cashed out another 23k BTC since that time.

they are sitting on ~800k ETH that's been mostly untouched since the exit scam. they could certainly do some damage with that.

[hatshepsut93]

I think most people here just own a little Bitcoin they collected from bounties/campaigns/small personal investments, so they didn't stack sats. "Stack sats" is a fairly new trend, I don't remember it being around a year or two ago. The idea isn't new of course. The members who were longer on this forum just sit on the coins the bought a long time ago when the price was in 2 or 3 digits area. Maybe they are still buying a bit, but majority of their share comes from earlier days.

HODL just means not trading frequently and never panic selling. It doesn't matter how you acquire your coins, it's all about not selling too early.

[mk4]

My only concern with trading in the near future is the PlusToken scammers. Don't they still have loads of btc/alts that they're randomly going to keep dumping, thus significantly messing with price action?

Possibly. While we don't really know for sure, if ever they still have a good chunk of BTC to dump in the markets, yes it definitely would affect bitcoin's price, but just in the short-mid term. In the end, they will simply just get bought by various people hence effectively distributing out the coins. What matters most is the long-term valuation.