Proof - The long Hodl

[Inspiron14]

said HODL is useful if your coin is a coin that has strong fundamentals, such as Bitcoin, Ethereum or Ripple,
if you HOLD shitcoin, of course you will experience a long REKT, there are still many good altcoins and have not recovered,
unfortunately altcoins are still waiting for momentum for pump.

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[masterrex]

Anyone who was into crypto this time 3 years ago
will remember the run up to the ATH of $19783.

It was a wild time in December of that year, there
were big gains made and alternatively a lot of losses
where some people FOMO'd in close to the ATH
and either sold at a loss or are still holding what they
had back then.

How many had the forsight to HODL what they had
for the next bull market, which is now?

I would say, not many!

Eventhough we (the positive) have been preaching
about the long haul and a look to the future.

These times are proof that when you buy high, not panic and HODL for the future is rewarding

How Ironic my friend, for me that was only an excuse, But today I believe things have changed, because many crypto investors are aware and already learned from the mistakes of the past.  because if we compared the market statistics today, at this Bitcoin price level those top-ranking cryptocurrencies should be skyrocketed by now but as we see it today it didn't happen so what's the reason? let's find out.

[durilup]

Many new comers into crypto world that are starting to invest for their first time their minds are so easy to get manipulated by news . Even though bitcoin had a huge dump from $20k to $4-5k after 3 years we are almost back at the same price . For a very long term investment bitcoin would be a good investment . Remember that in 2017 market cap was $850.000.000.000 and now is $500.000.000.000

[kryptqnick]

But the bigger question is, if you hodled all this while, are you going to act like a scared bunny, and take your money out when it reaches $20,000 again in a week or two?

I wasn't able to hodl that long due to financial reasons, but I'm not planning to cash out everything when the price goes to $20k and I'm not cashing it out now. I try to cash out some BTC regardless on the price, but based on when I actually need this money for stuff. If I could use BTC directly to buy food or pay the rent, I would do that too. I don't look at Bitcoin as an investment; I want to look at it as money, but unfortunately there aren't ways for me to use it properly as money.
I don't know what to expect from the current bull run, so it's easier for me not to expect anything. If the price goes up to $20k, I'd be glad for Bitcoin, but if it goes back to $10k, I'd also be fine with that.

[Cnut237]

Even though bitcoin had a huge dump from $20k to $4-5k after 3 years we are almost back at the same price

This happens again and again. 2017 to now is just the latest cycle. Look at the historic price charts, but use a log rather than linear scale. Because we've had order-of-magnitude price changes over the years, previous cycles are not visible on a linear scale, they're smeared to a flat line. But on a log scale they become startlingly apparent. Each high is higher than the last, each low is higher than the last. Bitcoin is often described as volatile, but the more you zoom out to a longer-term view, the clearer the pattern becomes. Log scale is crucial for understanding historic behaviour.

[rijaljun]

Long HODL won't make an assurance that you will gain profit out of it and sometimes you may miss some good opportunities to earn. We have different experience about it but for me I find it not good.

[Innocant]

said HODL is useful if your coin is a coin that has strong fundamentals, such as Bitcoin, Ethereum or Ripple,
if you HOLD shitcoin, of course you will experience a long REKT, there are still many good altcoins and have not recovered,
unfortunately altcoins are still waiting for momentum for pump.

Ill think no one can hold a shitcoins for now but sometimes we only shitcoins from the airdrop holding until become a shitcoins.
The strong coins are one of you said like bitcoin, etherium and ripple and there are some coins also are have strong fundamentals and they are belong in a top list of the market and some of them are not listed yet.

[palle11]

Long HODL won't make an assurance that you will gain profit out of it and sometimes you may miss some good opportunities to earn. We have different experience about it but for me I find it not good.

Longtime hodl is making many lose money that they would have gained if they were trading it. Some coins are just flash, they bull but dump hard with time, it goes out entirely. Trading is for those who understand it and hodling doesn't take any strategy, just to keep and hodl then wait for luck.

[CyberKuro]

Long HODL won't make an assurance that you will gain profit out of it and sometimes you may miss some good opportunities to earn. We have different experience about it but for me I find it not good.

What do you mean? Hold bitcoin for the long term is obviously profits, even for those who bought at the last ATH could be profitable if they are patiently waiting for 3 years from 2017 to 2021. Moreover for those who bought bitcoin at $3-$4k when it plummets to the lower level after hit the ATH.
The only problem for a long-term holder is fiat currency to cover all the expenses, if someone has no other choice but to sell bitcoin, so be it.

[Lucius]

~snip~

Weak hands will always sell, they have neither the knowledge nor the experience to profit in any way - because their loss is always someone's gain. Those who invested at the very top in late 2017 had plenty of time to sell with minimal loss in January 2018, the price of BTC did not fall overnight to $3000.

When we talk about some losses, I believe that many more investors will lose everything they have by becoming victims of scams. Fake wallets, phishing sites that mimic the most famous crypto exchanges, and schemes "send me x BTC and I will return double to you" are dangerous for those that are activated only at a time when there are such pronounced price changes.

[ololajulo]

But the bigger question is, if you hodled all this while, are you going to act like a scared bunny, and take your money out when it reaches $20,000 again in a week or two?

I like to believe most people that bought at the parabolic did with their hard earn money not their excess savings, so their are likely to have sold at loss in the bear market. We are likely have exceptions but a few and might have learnt the hard way. I didnt know as much on the parabolic in 2016 until the bear market and was so surprised I didnt read it, maybe I neglect or didnt believe but I know better now. It is also an advantage for any one to know earlier and prepare for it

[Anonylz]

~
How many had the forsight to HODL what they had
for the next bull market, which is now?

I would say, not many!

Eventhough we (the positive) have been preaching
about the long haul and a look to the future.

These times are proof that when you buy high, not panic and HODL for the future is rewarding

Certainly not many, lets be honest, anyone in the situation of those who bought at the top of 2017 will definitely have some mixed feelings about what to do, some have sold around 18k, 17k, 16k,..... because it is not easy to watch your investment keep sinking and not knowing when it will recover or if it will ever will, the word 'HODL' is much easier said than done but when you have the courage to do so you will end up smiling at the end (but it is not in every cases)

Sometimes it is not just because you are not positive, it is mostly the fear of the unknown and what people say when the market is crashing that will make one to start having second thoughts, so just as the saying goes, always invest what you can afford to loss.

[fauzan123]

Long HODL won't make an assurance that you will gain profit out of it and sometimes you may miss some good opportunities to earn. We have different experience about it but for me I find it not good.

Reference is needed if we want to go long HODL, because the movement is still fluctuating. PUMP and DUMP will always be there and I think a lot of things are needed to really make the decision to want to long HODL.

[NelfiNovita]

Anyone who was into crypto this time 3 years ago
will remember the run up to the ATH of $19783.

It was a wild time in December of that year, there
were big gains made and alternatively a lot of losses
where some people FOMO'd in close to the ATH
and either sold at a loss or are still holding what they
had back then.

How many had the forsight to HODL what they had
for the next bull market, which is now?

I would say, not many!

Eventhough we (the positive) have been preaching
about the long haul and a look to the future.

These times are proof that when you buy high, not panic and HODL for the future is rewarding

yes, we recommend HODL if we buy bitcoin when the price of bitcoin is very expensive because we will lose if we sell it when the price drops. I think there are very few people who have benefited from HODL in the long term in 2018. I saw the crypto market price really crashed in 2018 many people sold their bitcoins because the price went down. In 2018 there was a lot of bad news about bitcoin, so a lot of people who sold all their bitcoins at a very low price, they thought it was better to sell cheap than to get nothing.

[baundul]

Holding all coins/ tokens aren't good idea specially shitcoins but if you purchase Bitcoin or top few coins and face price reduction after purchase, you can hold for longer time. One day it will recover. Today Bitcoin price hit $18000. Those who purchased in December 2017 and hold till today, now recovered their portfolio balance in Bitcoin holding. I also believe that panic sale is very bad for the growth of crypto market.

Bitcoin is a suitable investment field for a very long time. Undoubtedly it is a profitable investment. The tokens at the top always behave like that. If you look at shitcoins/token, you will see that they help us to do a lot of profitable business. Although they are the ones who have the potential to lose. It is foolish not to think of profit without loss. In a short time it can cause us to lose from profit while it can float in the sea of profit.

[AakZaki]

Long Hodl is not just about holding back for a long time, but there must be a strategy and targets that must be achieved. The eight entry and exit strategy will be indispensable. So as not to get stuck at a high enough price. The target must be determined in advance, how long or at what price it should be sold. Don't hodl indefinitely. The goal of long hodl remains to seek profit, not just waiting.

[hridoyb]

No one can ve patient to hold bitcoin when its price was reduced more than 80% . If you had had 1 million dollar, you would have lost more than $800000 during the hard time. Would you continue to hold your coin? You would have at least sell some of your coins to save the remaining capital. Even the most possitive bitcoin enthusiast could be depressed in this situation.

Holding is a good strategy. But not all holding is. Be smart with your money or you will become bankrupt.

You are right. Holding is a good strategy but most of them sell their coin when its panic time. But when it up and cross the limit this time these people don't sell their coin so its prove going to greedy day by day and do not want to lose their asset but they lost. We do not use our assets or money properly because we are not satisfied.

[imstillthebest]

These times are proof that when you buy high, not panic and HODL for the future is rewarding

let say that if you buy as high as the 2017 bull run and you hodl it till now because you miss the train because your expecting for more , the price is now is equal or lower than the price last 3 years ago .

 there is no real rewards that are dealt but you only waited for 3 years to recover your losses , that was not bad at all atleast you show that you have strong patience and you didnt loose yet but this time was different that last time and everyone is expecting that btc can be better than before . holding for extra long time can be beneficial now

[serjent05]

I think this is all about how someone believes in BTC.  The time they keep on holding shows that they have the insight of seeing BTC price skyrocket in the future.

there is no real rewards that are dealt but you only waited for 3 years to recover your losses , that was not bad at all atleast you show that you have strong patience and you didnt loose yet but this time was different that last time and everyone is expecting that btc can be better than before . holding for extra long time can be beneficial now

Indeed! For those who bought at ATH still waiting for the recovery of those losses but for those who bought at deep  after that is for sure at a very huge profit right now.  I agree, but we should set our sell price so that the experience that happens 3 years ago (those who failed to sell at peak or at profit) won't happen to us.

[target]

But the bigger question is, if you hodled all this while, are you going to act like a scared bunny, and take your money out when it reaches $20,000 again in a week or two?

That would be a weak decision. If you hold that long to wait for the next bullrun, you would rather be waiting for longer years again to wait until you wanna retire surrounded by a pile of money. You are not going ot be scared now than what had happened last 2018 where the price plunged.

If you dumped now, you just wasted the long wait you have invested. You got to make it worth the stressful time you felt during the bear market and wait til it doubles like $40K.