We are having the difficult time, are you still a Bitcoin HODL？

[PANK21]

Even though we are in the very difficult times because of the corona virus outbreak, bitcoin hodl is never gonna end. Some are just waiting for the price of bitcoin to pump up and some are buying bitcoin cause of the bitcoin price drop. It's the same  for me because im also holding altcoins not only bitcoin. This crisis will end and all will be back to normal.

[Vishnu.Reang]

I have always favored the HODL line... but not anymore. I first got my coins in 2017 January and ever since that I have marked more than 80% of my coins for long-term storage. However, my patience is getting really thin now. I can't hold on to the coins indefinitely. I have also my own needs and future plans. I am planning to sell 10-20% of my stash during the next few months.

[Meowth05]

I definitely would hold because this is just a temporary problem and the price will surely go up as soon as it goes down, it is unlikely that bitcoin will just plummet forever.

[adeandro]

I'm still HODL bitcoin, hoping for something.

[Connor LC]

  HODL FOREVER

[SoryuMaiden]

Just like the title said, we are about to witness the greatest debt expansion in the Global Recession.
How to deal with this problem?  

If you are new to blockchain, will you consider buying bitcoin these days?  
If you are an experienced expert, will you keep the bitcoins in your pocket?  

Just wonder and curious.  
Since I have heard so many news and opinions from critics, I began losing.
I read a special article in Medium today. I am sure it is a promotion for a new project, but the points that back up bitcoin sound reliable and I am touching.
https://link.medium.com/4tOqjBlcc5

So what about your idea?


2020/3/31 Update
"Because the bitcoin has the recognized highest computing power, the highest attack cost, and the best security, the host system of the general POP algorithm adopts the bitcoin network. Poporo chose Bitcoin as the host system. By changing the consensus algorithm from POW to POP, it can completely get rid of the problem of the ASIC mining center and mining pool, and the security will exceed the original Monero.
The true meaning of decentralization is the freedom of competition, which is a competitive process, not an outcome.

Bitcoin is currently the most decentralized blockchain, which is also one of its sources of value. Bitcoin just like the hydrogen in the periodic table, the first element, and it is also very stable. Other innovations are to fill other spaces in the periodic table, not replace Bitcoin. What Poporo wants to be is oxygen- a decentralized project for blockchain future that cares about user privacy. It cleverly expands the use of Bitcoin without burdening the network and wasting electric power. On the one hand, it promotes the demand for bitcoin, helping it become more secure, and also maximizing the energy consumption ratio of bitcoin."

quoted from the website http://poporo.io，poporo is an ambitious look.

I've worked in cryptocurrency community in the past years, and I'm sad to say that MOST new projects don't succeed. I've been a campaign manager before and fortunate enough to promote one project that actually succeed. But based on my observation, it's not really ideal to create a new crypto projects these days.

The crypto-market has been clogged with "useless" alternative coins/tokens and that actually affected the prices of the primary cryptocurrencies. Gone are the days when Litecoins and Ethereum are valued by holders. Now, it's like all about bitcoin already. I'm not even sure if someone is still interested at investing on these primary altcoins (e.g. ltc, eth) because almost every week, a new crypto project (with a so-called "decentralized" tokens) is founded.

[boyptc]

I'm not an expert but with such questions, I'll definitely keep my bitcoin.

Why should I sell it at the wrong time? I don't have reason to sell and I'm still in the right thinking that will never sell during this crisis.

I'm on the same boat, I have some bitcoins saved from a couple months before the crash, and though the price is already catching up to my buy price, I'm confident I can hold for longer without an issue.

It is definitely catching up. It's a good skill if you can hold for long.

I held for so long and I can take it longer than I endured the bear market.

[carlisle1]

i am lucky that i did invested for my family before this pandemic comes so my Crypto assets only lessen a little amount because of withdrawal.
now i am sure that until the lockdown ends more than 20 days from now is my family will not get starve for the rest of the time.
and also i will stand by them all of the time while watching my holdings grow as the market is now developing strength to Make the Prices grow and grow.so HODL still for all of the investors there.

[Hypnosis00]

I have always favored the HODL line... but not anymore. I first got my coins in 2017 January and ever since that I have marked more than 80% of my coins for long-term storage. However, my patience is getting really thin now. I can't hold on to the coins indefinitely. I have also my own needs and future plans. I am planning to sell 10-20% of my stash during the next few months.

That is common this time and even me, I really don't think that long-term holding will help you to become profitable but it is possible to suffer losses.
And you did it right. We need to be smart and have to look at every opportunity that makes us gain. I'm certainly not a long-term holder and every time the market price moves high, I sell by coins and wait for the market to drop again, then buy again. That is I look a good strategy and it seems to be effective.

[Kong Hey Pakboy]

Never stop holding your bitcoin until the price of bitcoin reaches to $20,000 again.

[TheAndy500]

Its not a recession nor a crisis, we still don't know what this is and when it will end. I was fortunate enough to buy BTC in latest crash at around $4500, I still believe that current price is still safe to buy bitcoin as there is not much risk involved in current price. My target is still the same, I will sell my holdings when BTC will cross 15k$ till then I am a HODLer.

[tanishqjain]

Its true, i am enjoying this thread also i love this site

[Barcode_]

In my opinion, looking at the current state of stocks trading markets in every countries, I think investing in bitcoin or gold bar is still a better option for investors at the moment, bitcoin does have a limited supply and it undergoes halving once approximately every 4 years, this will make bitcoin goes up in values as time goes by and I believe it is a good option to hold bitcoin for long term investment.

[Oilacris]

In my opinion, looking at the current state of stocks trading markets in every countries, I think investing in bitcoin or gold bar is still a better option for investors at the moment, bitcoin does have a limited supply and it undergoes halving once approximately every 4 years, this will make bitcoin goes up in values as time goes by and I believe it is a good option to hold bitcoin for long term investment.

Yeah it has limited supply but the real thing on which the price can sore up will always vary on the demand.
We cant dictate nor tell precisely when it comes to future prices even we do have that halving event we cant really
remove the possibility that the market would react or not on a specific event.

Btc or gold is now a good option to take but i doubt that even traditional market investors would really still have
second thoughts to consider it.

[coolcoinz]

Just like the title said, we are about to witness the greatest debt expansion in the Global Recession.
How to deal with this problem?  

There's no ideal way because we don't know what will happen. I can already see that due to the restrictions and worldwide panic many companies went bankrupt. In short it looks like this:
Unemployment rieses, people don't have money, so they cannot pay their debts and start selling valuables. They don't buy cars and sell those they don't need, they also sell their investment real eastate that they used to rent. This means the supply of luxury goods, new cars, houses, and so on will increase dramatically and prices will go down.
If you have a lot of money saved up, don't sell anything and try to acquire more. An opportunity like that comes once in a lifetime. This goies for all luxury goods and investments, also stocks, but you have to be careful with those.

If you are new to blockchain, will you consider buying bitcoin these days?  
If you are an experienced expert, will you keep the bitcoins in your pocket?  

I will keep holding. Why? Because there's nothing more interesting that I'd like to put my money into. I technically could buy another house, but I'm afraid the government will want to fill its pockets by taxing me and other people they consider rich (those who have a lot of land or a few houses that they could do without). They can't take my bitcoins, so that's a pretty safe investment.

[mlmdaily]

Yes, im still hodl it and i hope that this is helping the industry. At least a bit

[Genemind]

I am still holding into my bitcoin since I was able to keep my job that is operational despite the lockdown. Honestly, I am not an expert when it comes to economics and I have not experienced this massive economic crash so I have no idea if ever after the pandemic the economic downfall will even get worse or will it start recovering and what would it's a direct effect on the crypto market as a whole. It can either push crypto to evolve or will it let crypto go down the drain.

[Vishnu.Reang]

I used to favor the HODL ideology, but no more. We can't hold our coins for an infinite period of time. At some point, we need to sell them so that we can profit out of our investments. And IMO, the future outlook is not looking very rosy. We are just a few weeks away from the block reward halving, and there is no spike related to that event. If the markets are bearish, then we can expect a major drop after the event.

[Becky666]

Never stop holding your bitcoin until the price of bitcoin reaches to $20,000 again.

Yes, it is good to hold your Bitcoin stash but must be mindful of the volume you hold because you might just be running down the hill without your consent. Am on the opinion that, if you are holding higher volume of Bitcoin and the market starts dwindling down the hill, you should ensure to manage your portfolios by conversion when possible. Though, for small amount of the Bitcoin holding is beat option for a profitable means towards the end.

[hahay]

I used to favor the HODL ideology, but no more. We can't hold our coins for an infinite period of time. At some point, we need to sell them so that we can profit out of our investments. And IMO, the future outlook is not looking very rosy. We are just a few weeks away from the block reward halving, and there is no spike related to that event. If the markets are bearish, then we can expect a major drop after the event.

So you think halving bitcoin is a way for prices to surge quickly? That is wrong thinking and one more thing, the future of bitcoin and other crypto is very bright and you don't need to be afraid of prices that are difficult to go up because after all, the current situation is very unlikely for the market to get a bullish trend immediately so stay patient and I a sense of HODL strategy will still be very good at this opportunity, but it all depends on themselves which of course they will have their own ways that may be more profitable.