Too much HODLing stealing opportunities?

[militiariko]

I think one of the core problems with hodling is that most investors and traders basically hodl based on faith and hopes rather than based on pure and raw facts. Related to stealing opportunites i want to disagree. Hodling doesnot steal opportunities off traders or investors, if you hodl for a year, i can categorically state that you would have 2 - 5 opportunities to take profits but most hodlers neglect this opportunities.

For you to hodl successfully, you must be a strategic crypto currency hodler.

[1714999774]

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[Bttzed03]

I gotta admit that I was a noob back then for holding on too long on most of my tokens. I was so pumped that they would go even higher even after they already hit $1 per token and they're just airdrops. So yes, too much holding could steal opportunities from earning more.

I think one of the core problems with hodling is that most investors and traders basically hodl based on faith and hopes rather than based on pure and raw facts.

I agree with hodling based on blind faith and hope. It happened to me during 2017 and early 2018. These "pure and raw facts" are relative though. The market keeps changing and there are many instances of false breakouts.

[ScamViruS]

For noobs, HODLing is a term used for "holding" your assets (here: Bitcoins) for a very long time. But, isn't it true that those who bought it at $500 once should have sold it at $20k peak, and if not, why didn't they sell at $15k? BTC didn't crash all at once and they had the opportunity to sell and wait for another opportunity. A $15k per BTC against a $500 BTC - means a 30x return itself. And BTC crashed to $3k, if not $3k, then these hodlers would have bought back at $6k which is even less than half of $15k as they would also have added a lot more liquidity to the markets with too much money on the table. Isn't it true that too long a hodl can stop you from taking great opportunities while sitting dumb and waiting for a specific target?

Those who hold Bitcoin for longterm do not see the market price in this way. Because their Bitcoin is not for sale, they will sell their Bitcoin after they go to their fixed price. And for those who want to increase their holdings by trading, it is possible to make a profit if they are prepared to sell at a specific target. But it's not as easy as it sounds, in reality it's not so easy, the main reason is that we don't know which way the next move of the market will be. If you are ready to sell at $15k but the market dumps at $8k what will you actually do? In that case you have to think of another way.

[rexxarofmoknathal]

Isn't it true that too long a hodl can stop you from taking great opportunities while sitting dumb and waiting for a specific target?

Yeah this is true and the problem here is most newbies in the market who have these kinds of situation where they can profit from it are almost always don't know what to do with it. I don't know if they are striving for a more bigger price or they just waiting for something but generally they are just relax while the price is climbing as they think it won't stop going up. But all of this would change once they see that big long red candle and everyone is starting to panic. That's how majority of  the new traders act, they lack the ability to push that sell button and just continue to hodl it.

I think this is something that each and every individual needs to decide for themselves irrespective of whether they're a new or not to trading. And a way to do exactly this and avoid not selling when you're in good profit is to predetermine a x% profit. Only then you can avoid not beating yourself up after your potential profit is long gone. Like I mentioned, this is a lesson for both new and old

[tbterryboy]

I guess if you think you can pick up on those opportunities obviously it is making you miss chances, you could buy and sell on every top and bottom and make 100x more than holding, but the people who hold like me do not hold because they do not want to take advantage of those situations, they do hodl because they believe they will not be able to capitalize on the highs and lows and instead of making more money, they will end up losing money.

I have seen too many people even during this very recent fall that bought bitcoin and sold it when it went down with fear, those people are the ones we are trying to avoid being. By holding, you are not in a trouble, you do not have to lose money as long as you keep holding until you profit and get out, even if it falls, you just wait around until it goes back up.

[goldade]

For noobs, HODLing is a term used for "holding" your assets (here: Bitcoins) for a very long time. But, isn't it true that those who bought it at $500 once should have sold it at $20k peak, and if not, why didn't they sell at $15k? BTC didn't crash all at once and they had the opportunity to sell and wait for another opportunity. A $15k per BTC against a $500 BTC - means a 30x return itself. And BTC crashed to $3k, if not $3k, then these hodlers would have bought back at $6k which is even less than half of $15k as they would also have added a lot more liquidity to the markets with too much money on the table. Isn't it true that too long a hodl can stop you from taking great opportunities while sitting dumb and waiting for a specific target?

I believe it's true that too much hodling makes one lose those chances to even make more.
I also believe that the major reason for that is because of the mentality of 'why sell when the price is still increasing'. This mentality, as harmless as it seems, actually hints at greed.
It is only because of greed that would make one who bought at $500  still keep hodling at $15000 even after making 30x the cost price.
I'd say the best thing to do is set a target price that isn't so far away for the cost price, once you've achieved your target, sell and make your profit and then reinvest

[Stedsm]

@Everyone,
Please don't get offended by my question here as it's not for the so-called ^crypto enthusiasts^ but those who missed an opportunity - traders like us. We all give advice to just "hodl, hodl and hodl", and yes, many of you say that I'm not "them" and so can't decide what they have in their minds. It's true in some sense, but even if I'd be them, either way I'd sell and wait for the right opportunity to buy back and please don't give me silly arguments like they never knew that 15k was peak and 3k could be bottom. Don't tell me that any of them isn't aware of the volatility of BTC and that they couldn't have taken any advantages. We were badly trying hard to break $10k when it was being said that BTC couldn't be worth it, but we still broke it and it was not just 10k then but a bang towards 20k. I can understand that they've had a lot of things in mind, but don't forget that this is the only BTC that was worth $30 and crashed down again to $5 before spiking up and reaching here. I'm just talking about those low-value hodlers who could have multiplied their BTC if they'd have shown some guts.

[Kasabus]

For noobs, HODLing is a term used for "holding" your assets (here: Bitcoins) for a very long time. But, isn't it true that those who bought it at $500 once should have sold it at $20k peak, and if not, why didn't they sell at $15k? BTC didn't crash all at once and they had the opportunity to sell and wait for another opportunity. A $15k per BTC against a $500 BTC - means a 30x return itself. And BTC crashed to $3k, if not $3k, then these hodlers would have bought back at $6k which is even less than half of $15k as they would also have added a lot more liquidity to the markets with too much money on the table. Isn't it true that too long a hodl can stop you from taking great opportunities while sitting dumb and waiting for a specific target?

I believe it's true that too much hodling makes one lose those chances to even make more.
I also believe that the major reason for that is because of the mentality of 'why sell when the price is still increasing'. This mentality, as harmless as it seems, actually hints at greed.
It is only because of greed that would make one who bought at $500  still keep hodling at $15000 even after making 30x the cost price.
I'd say the best thing to do is set a target price that isn't so far away for the cost price, once you've achieved your target, sell and make your profit and then reinvest

Yes. Hodling is good but too much hodling won't make you profitable at all. We are here in this crypto world to gain profits so we should also learn to set a target selling price for our cryptos once it reached its high price. Hodling may not require high risks unlike trading but if you chose to keep on hodling all of your potential cryptos maybe because because of greed or whatsoever, you will not grow totally and will still remain a hodler for a long time.

[CryptopreneurBrainboss]

Isn't it true that too long a hodl can stop you from taking great opportunities while sitting dumb and waiting for a specific target?

To be frank, it's true but you should also know that there's another possible outcome of you wanting to take profit and rebuying when the market crashes down. You can be left behind temporary which might cause a lot of panic leading you into rebuying and probably putting yourself at disadvantage because you'll be buying at the peak this time around as that sudden price upward movement you though was a breakout was just a false alarm but before you realize that, it might be too late already.

Since not everyone can be coordinated when the market seems to be leaving them behind it's most advisable you don't put yourself in that situation. Instead just hold unto your coins at the end of the day you'll still be in profits depending on how long you'll be willing to hold.

[Stedsm]

Isn't it true that too long a hodl can stop you from taking great opportunities while sitting dumb and waiting for a specific target?

To be frank, it's true but you should also know that there's another possible outcome of you wanting to take profit and rebuying when the market crashes down. You can be left behind temporary which might cause a lot of panic leading you into rebuying and probably putting yourself at disadvantage because you'll be buying at the peak this time around as that sudden price upward movement you though was a breakout was just a false alarm but before you realize that, it might be too late already.

Might there be a false alarm, but it is better to try than to regret. Not every trader can be a pro trader and there's actually nothing like a pro trader at all.

Since not everyone can be coordinated when the market seems to be leaving them behind it's most advisable you don't put yourself in that situation. Instead just hold unto your coins at the end of the day you'll still be in profits depending on how long you'll be willing to hold.

You're on this forum for over 3 years now and I bet you might have been watching BTC even before that, Brainboss.  
Please tell me, isn't it a fact that BTC had been doing waves and it just comes down every time it makes a high daily or whenever it does?
We screamed too many times that BTC is dead (please check WO thread for stuff like that), did it die? Never. Crashed? So many times. If you're a hodler, you'd better be watching charts with longer timeframes like 1M (monthly) or 1Y (yearly) rather than hourly and weekly charts. Even after that, if you believe that a hodler (again, not a crypto enthusiast, but a trading hodler) can't find an opportunity in those charts, then I can't really say anything but sigh they didn't want to use that opportunity in their favor.
Leave the charts, if you've bought at $300 and you're getting a chance to sell at $15k which were two scenarios one after another, what would you do?

[milewilda]

@Everyone,
Please don't get offended by my question here as it's not for the so-called ^crypto enthusiasts^ but those who missed an opportunity - traders like us. We all give advice to just "hodl, hodl and hodl", and yes, many of you say that I'm not "them" and so can't decide what they have in their minds. It's true in some sense, but even if I'd be them, either way I'd sell and wait for the right opportunity to buy back and please don't give me silly arguments like they never knew that 15k was peak and 3k could be bottom. Don't tell me that any of them isn't aware of the volatility of BTC and that they couldn't have taken any advantages. We were badly trying hard to break $10k when it was being said that BTC couldn't be worth it, but we still broke it and it was not just 10k then but a bang towards 20k. I can understand that they've had a lot of things in mind, but don't forget that this is the only BTC that was worth $30 and crashed down again to $5 before spiking up and reaching here. I'm just talking about those low-value hodlers who could have multiplied their BTC if they'd have shown some guts.

This is indeed really applicable for those small time trader but since they do able to read up every now and then into this forum about hodling then thats one of the factors that might able affect their decisions towards into that selling opportunity. Too much hodling can really result into missed opportunities but for those people who do held for longer years do really have that kind of target in mind that no matter what would be the price
they wont sell off their stash.Its up to them on what point then would plan to sell for profits even there are already lots of chances that had passed in the past but they are still optimistic that good things will happen in the end of the line.I cant say nor even argue on what you have said yet its part of the reality where chances on making profits had really missed by those who do really tend to hold no matter what.

[nelson4lov]

As an investor who holds / hodl for a long time, Its important to know when to take some profits and not just hold blindly. Taking profits is something you have to do at some point so you don't leave money on the table. This applies to traders as well. Whether you're hodling or trading, the goal is to make gains. I learnt something a couple of days ago which I'd like to share with the community ~ Do you want to make money or you want to be right? If your answer is the latter, then you might be leaving money on the table a lot of times because you feel you're right. Everybody makes up the market not just you. When you start considering everyone and not just yourself or your opinions, you should be fine. I had a friend who owned some tokens back in 2017. When the tokens he got with $2K peaked at $170K, he got greedy and felt it will get to $200K worth if he kept hodling. He was trying to make the market work hard to reach his expected target. What happened? ICO bubble burst and market tanked. What was worth over $170K dropped to about $12K and has been on a steady decline since 2018.  
Moral of the story, if you're hodling to make gains, don't forget to take profits, there would always be an opportunity to buyback at an even lower price. Greed is one of the biggest problem of investors and traders. Decide when you want to get out.

[Shasha80]

I think a lot of people misunderstand about HODL strategy, based on my experience trading crypto. HODL coins must see the situation
market too, so if our target has not been reached and it turns out that the coins we HODL are already profitable. No need to wait for
the sell target reached, just sell the coins. But the fact is that many people lose the opportunity to get profit, because they wait
sell target is reached. They do it out of greed, wanting to get big profits. Even though they had thrown away the opportunity to
make a profit.

[pooya87]

it all comes down to why you are buying bitcoin and depending on that the plan that people use is different.

some people buy bitcoin to make (fiat) profit. and that's all they care about. for this group it makes sense to sell bitcoin whenever there is a rise specially a significant one like in 2017 that price reached $20k. some of these people are also day trading to make that profit which again they keep buying and selling bitcoin to keep increasing their "fiat" wealth.

but that is not all, there are still a lot of people who buy bitcoin to reach financial sovereignty. and that is something that a decentralized currency like bitcoin can provide.
these people may or may not sell when price goes up. you may call these "HODLERS" if you like but usually these people "spend" their bitcoin instead of dumping it for fiat. for example when we are in a bull market there is always a huge increase in number of customers for all merchants that accept bitcoin as payment.

there may also be another group who are those who bought bitcoin and see the opportunity to sell but they don't trust exchanges to even use them for a second to sell their coins so they avoid it most of the times.

[Harlot]

Isn't it true that too long a hodl can stop you from taking great opportunities while sitting dumb and waiting for a specific target?

Yeah this is true and the problem here is most newbies in the market who have these kinds of situation where they can profit from it are almost always don't know what to do with it. I don't know if they are striving for a more bigger price or they just waiting for something but generally they are just relax while the price is climbing as they think it won't stop going up. But all of this would change once they see that big long red candle and everyone is starting to panic. That's how majority of  the new traders act, they lack the ability to push that sell button and just continue to hodl it.

I think this is something that each and every individual needs to decide for themselves irrespective of whether they're a new or not to trading. And a way to do exactly this and avoid not selling when you're in good profit is to predetermine a x% profit. Only then you can avoid not beating yourself up after your potential profit is long gone. Like I mentioned, this is a lesson for both new and old

Yeah people can take profit as long as they want to do so as it is there position, but what I'm pointing out are the people who don't even realize the opportunity and don't do any action for it. They hodly it long enough that when the prices goes down they will be hodling their position at a loss. After that they'll flood the forum creating topics with negativity in it saying "Bitcoin is Dead" or a "Bubble" they will always blame it on Bitcoin but they don't realize in any kind of asset market the only ones to blame with their loss are themselves not unless what they are saying to that asset is true.

[Peanutswar]

It depends on you if you want to hold or not.

More often if I made already a profit I already pulled out my funds because I already earn on it but if you think the profit is not enough to hold again. Sometimes holding gives me a lot of benefits too when the market price of the coin increase and there is something changes in the market movement ( I'm no a professional on market reading movement but still I know what are the next trend ).

Follow your guts sometimes fear is good too. When you have the additional sense that you think the market is falling down soon so pull it out if you think to get profit go ahead hold for it.

[suzanne5223]

Too long hodl is not a good impression which is the reason why people are advised not to for in love with their investment/portfolio because there is vacant of missing good opportunity posed by the market, at the same time long term hodl is still good if the hodler have sufficient knowledge of quick profit making.

[ethereumhunter]

But, isn't it true that those who bought it at $500 once should have sold it at $20k peak, and if not, why didn't they sell at $15k?

Because they want to produce more profit, so they don't sell it when the price reach $15k. People hope that the price can increase more after reach $15k, but the price will not always have a chance to increase higher, but the price will adjust to many price. The chance for the price to increase will be there, but we don't know the time for the price to increase. So if you think that the price touch the highest price before your target price, you can sell it to make a profit, and you can buy back again later because the price will goes down.

Isn't it true that too long a hodl can stop you from taking great opportunities while sitting dumb and waiting for a specific target?

If the price can not moves to the highest price, then hold will be the good decision, but if the price can at least touch the higher price, it will better if you sell your coin, but don't sell it at once, but sell it for 50% from your total amount. So if the price can increase so high, you will still have another amount to sell at another high price.

[Salauddin1994]

It is much easier to be wary of scammers if you have a good knowledge of the market even if there is a chance of holding theft. If you hold on for a long time you will know a lot of information and you will get more profit in long term investment. Newcomers are at greater risk later in case they do not know anything about the market then after being caught by scammers. before holding you need to check and hold any currency for investment negative puts everything at a loss.

[imstillthebest]

not stealing but wasting according to your post  .  it can still be stealing to some when they have manage to reach thier specific target and sell with a great profits  . like they say , too much is not healthy or not appropriate anymore    . that applies to hodling because if we over hold we might miss the oppurtunity but if we were lucky , that oppurtunity can go back as long as we still have our coin or  worst thing can also happen and the oppurtunity can be gone forever   .  what we need is just a right amount of hodl , not too much or not to short  .