TIDOVEE
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September 16, 2020, 04:59:22 AM |
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It's like there is something's cloudy about that inability to still sell even when the coin starts going down, because one will later feel but I should have sold it 3 days later it would have still been better, but that mind that makes you keep believing it will rise back again till it becomes a NO, that is what affects almost everybody.we will never want to see a value lesser than the highest that we have seen.almost the same thing happened in the last pump we had few weeks ago but now our main target is the bull.
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Zemomtum
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September 16, 2020, 05:52:13 AM |
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You are quite right, holding an asset for long means you have more than enough on your table to cater for other things financially.
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Kelvinid
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win lambo...
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September 16, 2020, 08:43:55 AM |
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It's like there is something's cloudy about that inability to still sell even when the coin starts going down, because one will later feel but I should have sold it 3 days later it would have still been better, but that mind that makes you keep believing it will rise back again till it becomes a NO, that is what affects almost everybody.we will never want to see a value lesser than the highest that we have seen.almost the same thing happened in the last pump we had few weeks ago but now our main target is the bull.
I was then making my self always positive despite of many challenges that we have experience. Seeing the dumps it truly disappointing and even think to sell our coins but it was also to think what if it bounces back high? Actually, there is no assurance but it was a big regret if we driven by our negative thoughts and easily weaken. That is a reason why I'd never make deal with the news (FUD) because it could be a way also that might trigger such a thing.
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TheUltraElite
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So anyway, I applied as a merit source :)
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September 16, 2020, 11:36:48 AM |
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You are quite right, holding an asset for long means you have more than enough on your table to cater for other things financially.
I dont think so. If you miss out on a pump it does not mean that it is the end of the world or something. You might want to keep holding that for different reasons in the first place as well. If it is bitcoin then it is pretty valid to hold it for longer than normal periods - maybe for 5-6 years or more. I am sure if someone has been holding bitcoin for years now they have a good profit at this five-digit price range. But yes many people think that losing the pump means a long shot loss, thus they wrongly sell at the low and try to get out - this is either fueled by the false-faithful mindset of the trader to bitcoin or because they never had any faith at all in its price rise.
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RealMalatesta
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September 16, 2020, 07:12:20 PM |
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There is a big difference between holding bitcoin (and maybe eth) and holding other coins, people should know the difference obviously. I mean if you are doing trading you could trade anything you want, anything could go up and down time to time and there is really no way to know which one will go up and which one will go down, that is how the system works and that is how it will always be.
However when we are talking about bitcoin we know that even if it falls it will eventually go up, it will never die down like other coins, any coin could go down and never recover but bitcoin will ALWAYS recover.
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lixer
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September 18, 2020, 07:02:04 PM |
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Lol I don’t think there is anybody on earth that bought Bitcoin at the rate of $500 that is still holding that same Bitcoin they bought them till now unless it’s Satoshi Nakamoto and some big cryptocurrency companies that we are talking about here.
If not those, then any other regular investor that really bought at the rate you have said ($500) and watch the price move up to $20,000 must have sold their coins and made profit. Anyone you’re seeing now that’s saying they are going to hold till the price gets to $100,000 or so, are just people that bought recently.
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BitcoinHunt3r
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September 18, 2020, 09:36:41 PM |
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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?
Maybe what i will say about that is just give respect to other's style of trading, maybe they have their own reason why just buy and hold their coins until their target reached, like me who keep panic when do trading as usual, maybe style that i picked is hold for longer time and just wait than everyday get stressed because think of my coin's price.
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Quidat
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September 18, 2020, 09:54:32 PM |
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There is a big difference between holding bitcoin (and maybe eth) and holding other coins, people should know the difference obviously. I mean if you are doing trading you could trade anything you want, anything could go up and down time to time and there is really no way to know which one will go up and which one will go down, that is how the system works and that is how it will always be.
However when we are talking about bitcoin we know that even if it falls it will eventually go up, it will never die down like other coins, any coin could go down and never recover but bitcoin will ALWAYS recover.
It do always recover but the question is that not all people would really have that kind of patience for them to wait for long for that recovery.If they had entered into those bull run days where price do hits up 20k or even lower but not lower that 12k then pretty sure that they been still holding at the moment.Result? they might already panic sold those coins already or some might have done some average downs or buyback on lower price point on trying to recover on what they had lost via active trades. Its normal that we do really much have that kind of confidence when we do deal with Bitcoin and other top alts in the market and its a must thing rather than considering those shitcoins below. Lol I don’t think there is anybody on earth that bought Bitcoin at the rate of $500 that is still holding that same Bitcoin they bought them till now unless it’s Satoshi Nakamoto and some big cryptocurrency companies that we are talking about here.
If not those, then any other regular investor that really bought at the rate you have said ($500) and watch the price move up to $20,000 must have sold their coins and made profit. Anyone you’re seeing now that’s saying they are going to hold till the price gets to $100,000 or so, are just people that bought recently.
You cant say since you wouldnt know if there are those people who do still keep holding their coins in spite of the price and on when they had bought such coin but to think up sensibly then we can really say that they might have consider on selling it out when those peak prices had reached.Come to think that even on hudreds of dollars, those people who have stashed for a long time specially when they bought it on cent price or few dollars would really do such move.
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sulendra12
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September 19, 2020, 07:15:28 AM |
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You are quite right, holding an asset for long means you have more than enough on your table to cater for other things financially.
Correct, or rather it is their only hope to get big money from only a single source. You can hold this one "potential" coin and you might something great from it, who knows this coin has better future later. Or let's say if you are "HODL"-ing Bitcoin for long time and keep investing it, you will make something really awesome like this guy: https://twitter.com/JamesTodaroMD/status/1223670320541900800
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Darkelf11
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September 19, 2020, 11:43:11 AM |
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I think it depends on what they believed in. They could also missed the opportunity if bitcoin happened to achieve new all time high over and over, and never went back to 20,000 USD. That should probably the thing that is running on their mind, it's okay to not get those early profits than to not get the next bigger profits which will be achieved on new ATHs of bitcoin that is why hodlers choose to hodl than to take the profit.
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wxa7115
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September 19, 2020, 04:53:22 PM |
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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?
If you look at it in that way the answer is yes, however those that have decided to hold their coins for the long term either do not have the capabilities to trade the markets, which is what you are describing, or they do not have the time to do it and that is why they prefer to keep holding their coins, and while to you this may seem like a wasted opportunity at the end it depends on your current economy status. If you are already wealthy thanks to your bitcoin for you it does not really make a lot of difference if the price of bitcoin goes down as not all your money is invested in it so you can endure the crashes and only sell if bitcoin happens to reach your target price, and to all of this we must add there are holders that have no desire at all to sell regardless of the price as they believe bitcoin will become the dominant form of currency in the future.
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ecnalubma
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September 20, 2020, 08:51:20 AM |
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I also regret not selling all my valuable tokens last bull run and some become useless now due to my greed of maybe it would increase more. Lesson learned really happened in the end when its already too late.
Its a matter of decision, new coins are dangerous. I sold most of my earnings in 2017 and 2018 I have no regrets some left in my wallets are now useless among all those coins only few make it up to this day. We really should pick good coins to keep for long term that are more stable with good liquidity in that way we could potentially minimize the risk.
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lixer
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September 21, 2020, 04:17:03 PM Last edit: September 22, 2020, 03:10:19 PM by lixer |
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Lol I don’t think there is anybody on earth that bought Bitcoin at the rate of $500 that is still holding that same Bitcoin they bought them till now unless it’s Satoshi Nakamoto and some big cryptocurrency companies that we are talking about here.
If not those, then any other regular investor that really bought at the rate you have said ($500) and watch the price move up to $20,000 must have sold their coins and made profit. Anyone you’re seeing now that’s saying they are going to hold till the price gets to $100,000 or so, are just people that bought recently.
You cant say since you wouldnt know if there are those people who do still keep holding their coins in spite of the price and on when they had bought such coin but to think up sensibly then we can really say that they might have consider on selling it out when those peak prices had reached.Come to think that even on hudreds of dollars, those people who have stashed for a long time specially when they bought it on cent price or few dollars would really do such move. People think that bitcoin and all of crypto is a way of making "money" but they are forgetting that crypto is money itself and this is why they end up trying to make more fiat with crypto, if you get in with 1000 dollars and buy 0.1 bitcoin and you get out with 1200 dollars selling those coins, you are in fact in loss, not in fiat obviously because you made 200 dollars but now you do not have any crypto at all, if the price of crypto goes even higher you are going not be able to buy 0.1 bitcoin with the same 1200 dollars. Many of us are here because we believe bitcoin is a way to get out of regular economics in the world and find our own power, I trade because I want to have more bitcoins and not more fiat, which means holding is not that bad, as long as you keep accumulating more bitcoin. It’s not everyone that’s going to get profit, there are people who will keep on losing, and it happens to everyone at times, you just have to know what you’re doing. Anyone that’s investing and HODLing should already know that price can go down at anytime, it’s not something you can easily predict, and there are people who are always thinking that price will continue to go up, it’s quite a ridiculous thinking , crypto is volatile and you should know that the price will not be going up all the time.
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okala
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September 22, 2020, 07:23:15 AM |
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If you are not a good trader then there is no need of holding if you have the knowledge and understanding on how the market works and you can takes advantage of the up and down and buy and sell at the right time then you should better to hold.
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pokeronlinestatus
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September 22, 2020, 05:34:09 PM |
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This is not a mathematical question, there is no right answer for this that one person can answer, there is no proof of which one is better neither, it is totally changing depending on the person we are talking about. Obviously there are people who are great traders and they get the coins at very low and sell at the top and do this back to back in order to make as much profit as they can, but there are also people who fail to do this and they buy high and sell low because they are scared or whatever, panic sellers are a thing so we can't just forget about them.
So, we are talking about answer changing from person to person. I would say if you do not trade well, go with long term, if you trade well go with short term because that is the only thing that make sense.
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MWesterweele
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September 23, 2020, 03:58:31 PM |
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If you are not a good trader then there is no need of holding if you have the knowledge and understanding on how the market works and you can takes advantage of the up and down and buy and sell at the right time then you should better to hold.
I agree with it that the difficult thing about hodling to much crypto is just you missed out opportunities like getting a high trade price whilst the token you've going to trade on is on peak value. But of course trading is not an easy thing also you should have the knowledge that required for you to be able to trade your coin wisely. And also you should be always updated by the current value of your token.
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abel1337
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September 23, 2020, 05:48:08 PM |
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If you are not a good trader then there is no need of holding if you have the knowledge and understanding on how the market works and you can takes advantage of the up and down and buy and sell at the right time then you should better to hold.
I agree with it that the difficult thing about hodling to much crypto is just you missed out opportunities like getting a high trade price whilst the token you've going to trade on is on peak value. But of course trading is not an easy thing also you should have the knowledge that required for you to be able to trade your coin wisely. And also you should be always updated by the current value of your token. The question in the OP is quite subjective and mostly will depend on the user, For example, there is some crypto user who wants to take a break from trading and most of the time their choice will be hodling some crypto especially bitcoin and mainstream cryptocurrencies so that they can get some profits even though they aren't making their usual moves as a trader. There are also newbies who want to earn but don't have enough knowledge and it's an easy choice for them just to hodl. But as a trader, we know that we can't miss some opportunity going on that's why a casual trader like me splits up some assets that is allocated for daily trading, long term trading and hodling.
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MWesterweele
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September 24, 2020, 12:34:41 PM |
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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?
Maybe what i will say about that is just give respect to other's style of trading, maybe they have their own reason why just buy and hold their coins until their target reached, like me who keep panic when do trading as usual, maybe style that i picked is hold for longer time and just wait than everyday get stressed because think of my coin's price. Honestly speaking we can't blame one person's decision when it comes to his/her token or coin. If she/he would prefer to hodl her crypto for a long time its their choice. Its right that we should respect one's decision. Though yes we know that it may steal the opportunities from them to grow not only their coins but to grow them as a trader but as i've said its their choice. Hoping that they would never get tired of educate themselves about trading so that they may grow their coins.
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Krabby
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September 24, 2020, 04:45:14 PM |
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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?
Everything needs planning and strategy. Sloths who just want to hold and have big profits will be like the case you mentioned. For me, I'm a holder, but always outlined plans to adapt to the market. If I buy BTC at 500 $, I will sell 25% when it goes to 1500, I will keep selling 25% if it goes to 2500 $, and so on. that is how we stay profitable and not afraid of loss when the price of BTC drops below the $ 500 mark. so don't pool all of the holders and then judge them. Experience and knowledge will be the decisive factor for an investor.
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beerlover
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September 24, 2020, 05:21:09 PM |
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This is not a mathematical question, there is no right answer for this that one person can answer, there is no proof of which one is better neither, it is totally changing depending on the person we are talking about. Obviously there are people who are great traders and they get the coins at very low and sell at the top and do this back to back in order to make as much profit as they can, but there are also people who fail to do this and they buy high and sell low because they are scared or whatever, panic sellers are a thing so we can't just forget about them.
So, we are talking about answer changing from person to person. I would say if you do not trade well, go with long term, if you trade well go with short term because that is the only thing that make sense.
Yeah, there is also the fact that people who bought at 500 dollars could also buy at $20k, but also at $15k and $10k and lower as well, you do not have to sell, the reason people sell is to make more fiat and you think we want more fiat? I want more bitcoin, and that is why I really want to make sure that I get a lot more bitcoins in the end, that is the end goal for me. So, to sell at $20k would not really achieve what I want from crypto, it would simply just make me more richer in fiat but fiat world would get devalued so that "profit" I made in fiat will not be worth that much at all. I feel like the best way to continue right now would be to have a lot more crypto and that happens to mean you have to hold money if you really want to make a profit. Obviously that is what I will continue to do.
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