Why you don't need to HODL or trade Bitcoin

[Anrix2036]

I want to share some thoughts about the reasons why HODLing Bitcoin is risky, and why you don't need to build any TA strategies for trading Bitcoin.

First: why not to HODL Bitcoin?
HODLing require from you to hold long position for years. You assume that the price will go up long-term. But why it should go up? General reason for that assumption is that many and many people, enthusiasts, developers, investors, organizations of the whole world get to recognize Bitcoin more. This results to encreasing money flow and price. But in essence, what Bitcoin exactly can give? Of course, decentralizaton, self emission, a bit privacy. But Bitcoin lack some features, that other cryptocurrencies have. Bitcoin can't give people enough transaction speed and convinience. Bitcoin can't give developers convinient methods to build applications. Bitcoin can't help organizations and investors get rid of the fear that this is all just a bubble.
Bitcoin is important step to revolution of the whole financial system, but not the last. It exists now, because not many people understand that Bitcoin is relic of the past. Ethereum is much more promising than Bitcoin with it's smart-contracts. HODL Ethereum not Bitcoin, when the disaster comes, Bitcoin won't survive.

Second: why not to trade Bitcoin?
How are you predict price of Bitcoin? TA indicators?
Ranges? Support/Resistance? Price action? Candle patterns?
We all know about bad statistic of these tools. Almost anyone can't say why they using RSI, MACD, MA, CCI, Bollinger bands and other indicators. Why tringle pattern should end in desired direction? How these tools can help you predict, statistically unpredictible price? Price doesn't owe you something.
Price drives by big speculators, sharks, whales, market makers and other monsters of crypto ocean. They are trying to eat each other. Doesn't you noticed that Bitcoin pumps when new antminer ASICs are sold? You think that Elon Musk that smart to buy Bitcoin? He's smarter! Hype of Bitcoin is rising, why not to sell Tesla cars for Bitcoin?
But just a quick and realistic glance at the Bitcoin price chart of last several months gives clear vision of situation:PUMP!. And what happens after pump? Have someone an answer? Sit down, take A+, of course a DUMP!
You need to have insider info. With that, you'll get more chances. Or be the shark, while this almost impossible.
You can keep trading TA of course, scalping works in every market. But how many succeded traders do you know? Those youtubers? They get money from traffic, adverticement and affiliate programs, not from your success.
If you don't beleave in the future of cryptocurrencies, just want to earn some paper money, then HODL Ethereum or speculate with top altcoins with high liquidity and volatility.

Tell me your opinion.

Edit;
For better understanding of topic, you need to read all replies, cause there are some clarifications regarding this topic.

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[Hamphser]

Bitcoin is important step to revolution of the whole financial system, but not the last. It exists now, because not many people understand that Bitcoin is relic of the past. Ethereum is much more promising than Bitcoin with it's smart-contracts. HODL Ethereum not Bitcoin, when the disaster comes, Bitcoin won't survive.

Seeing Bitcoin to be like this? Then why you are here on a Bitcoin forum in the first place?

If you do believe that ETH is much better than Bitcoin then we do respect that but doesnt mean that those words of yours would really be typically able to convince out people who had been
supporting and having positive views about bitcoin potential in longer aspect.

Imagine on how people had made out money specially to those early adopters? Consider on how far we've able to reach when it comes to price?
Imagine on how far we've able to reach out when it comes to real life adoption?

[Ryker1]

Well, your opinion is totally ^[BS].
Both of them have potential when we talk about holding assets but when we talk about decentralization, I believe bitcoin has a fully decentralized than Ethereum. Tell me --in which aspect ethereum surpass bitcoin? Give me at least 5 reasons then you will convince me not to hold bitcoin if not, this is a nonsense statement. In fact, the ethereum price swing towards the bitcoin price movement.

[Anrix2036]

Well, your opinion is totally [BS].

How kind of you.

Both of them have potential when we talk about holding assets but when we talk about decentralization, I believe bitcoin has a fully decentralized than Ethereum.

As i can see you don't know what decentralization it is. Bitcoin network became more centralized than before cause of ASIC miners. And you know where ASICs can be produced cheaply? This is China my friend. Ethereum is ASIC-resistant for decentralization. So, Bitcoin is more decentralized than Ethereum, is total nonsense.

Give me at least 5 reasons then you will convince me not to hold bitcoin if not, this is a nonsense statement.

Here you are:
1. Ethereum is faster:
Transaction verifications are prossesed in 10 seconds, as opposed to 10 minutes in Bitcoin.
2. Switch to proof of stake over proof of work carries many technical advantages.
3. Smart contracts are more productive than transactions in Bitcoin.
4. Ethereum's dApps open a new possibility of edge computing.
5. Ethereum is more decentralized.

Bonus:
Ethereum network allows developers to build complex applications, many inovative projects are running on Ethereum network. You always can google it.

[boyptc]

this is all just a bubble.

I've heard of it many times and it even came from popular people of the world. Telling that bitcoin is just a bubble seems to be an understatement and no one would believe in it anymore unless it comes from an "expert" in economics that really don't like bitcoin.

So if bitcoin is just a bubble.

What's with alts?

[lalabotax]

Well, Bitcoin and Ethereum are promising cryptos. And if we can get profits and trust both, why not?
Holding is about trust. I am personally one of them. Buying the Bitcoin when the market is already down to bearish market someday and then hold it for several years. Why do I do this? because I believe in Bitcoin. and I am ready for the risks, whatever it is. That is why it is better to hold however the amount that we can afford to lose. And I am sure that Bitcoin will have another chance to better and better price again in the future.
And why we are trading Bitcoin? because there is sometimes significant down and rise price in the market and we can take the chance to get profits from this.

[Anrix2036]

this is all just a bubble.

I've heard of it many times and it even came from popular people of the world. Telling that bitcoin is just a bubble seems to be an understatement and no one would believe in it anymore unless it comes from an "expert" in economics that really don't like bitcoin.

So if bitcoin is just a bubble.

What's with alts?

I'm not talking that Bitcoin is a bubble, i also dislike when people talking that crypto is a bubble, i'm trying to say that Bitcoin is not perfect. Satoshi can't see the future, he pushed us further to the future of cryptocurrencies. Bitcoin is just not ideal, Ethereum is natural continue of crypto world, Ethereum not ideal too, but it have more promising future. I love altcoins when we talk about speculation, there are interesting projects aswell.

[Anrix2036]

I think a big mistake that people do, when looking on Bitcoin, is only profit. There is nothing bad about it, we all need money. But Satoshi Nakamoto doesn't made money machine so everyone can get rich, Bitcoin is money itself. I just want people to understand why he bringed this technology. Bitcoin is very successive experiment, it showed us that we can put our trust to cryptography, decentralized public ledger that we call blockchain. Amazing innovation that early adopters bringed to the masses. But cryptocurrencies need to evolve further, while we looking only on price, developers and programmers from around the world giving new technologies based on Satoshi's ideas. Do your own research, look at the Bitcoin deeper, at Ethereum, at any other cryptocurrency, if you want to be on the wave of crypto technologies, you need to be more inovative, always reconsider your opinion, as Satoshi do, back in the 2008.

[GreatArkansas]

Another question on my mind is, "Why these big companies recently, not bought Ethereum? Why they bought only BItcoin and added to their balance sheet, and most of them gonna HODL for the long term".

I am not hater of Ethereum, but what is on my mind is Bitcoin already proven to hold and manage to transaction huge amount of money, it can transfer millions of USD with a very cheap transaction fee in just short period of time.

[Anrix2036]

Another question on my mind is, "Why these big companies recently, not bought Ethereum? Why they bought only BItcoin and added to their balance sheet, and most of them gonna HODL for the long term".

I am not hater of Ethereum, but what is on my mind is Bitcoin already proven to hold and manage to transaction huge amount of money, it can transfer millions of USD with a very cheap transaction fee in just short period of time.

Why big companies not bought Ethereum you ask... Hmm... Because they already bought it. Ethereum encreased in price aswell as Bitcoin, they just diversify their money, but put more in Bitcoin because it's the mainstream.
Bitcoin can't handle many transactions, the volume doesn't matter, send you 1$ or 1$ million. The number of users of Bitcoin network is encreasing, the quantity of transactions are also encreasing, that is the matter.
Big players on Bitcoin market initiate any big move. You really thinking that Bitcoin suddenly encreased in price because it's so valuable out of nothing? And then, when something happens with Bitcoin price, that is reflecting on price of other top cryptocurrencies. Bitcoin is the face of crypto market now, and cause of that other crypto tends to Bitcoin, like childs tends to their parents. But when they grew up, they are starting to live independenly, and in many aspects be better than their parents. Society is progressing like that, everything is progressing like that, new replace old. This is called evolution.
If you want to succeed, you need to be one step ahead of everyone, otherwise everyone will go far away, and left you out.

[mk4]

The classic "you can't do anything with Bitcoin" argument(besides sending/receiving). Sure, but you know why? Because the base layer of Bitcoin is totally focused on security and decentralization, which are totally essential characteristics for a good form of money, as you definitely wouldn't want Bitcoin to be having a lot of unnecessary experimental features.

On the other hand, "smart contract" platforms such as Ethereum and others pretty much follow a "move fast and break things" approach. Which is not necessarily bad, but ya know, just roll back the chain whenever something bad happens LOL.

Why big companies not bought Ethereum you ask... Hmm... Because they already bought it.

sure lol.

[crwth]

So technically, you are also suggesting a different coin to HODL. Not Bitcoin but Ethereum? Don't you think that volatility is way better with BTC instead of other altcoins? The opportunity to profit would be significantly higher with altcoins instead of BTC but you are safer and have less risk compared to BTC because it's the main crypto and it could affect every coin out there.

Anyway, the best thing to consider is to know when there could be the top and possibly sell you HODL there and buy when it's low again. It's going to be like that continuously in this volatile market.

[boyptc]

this is all just a bubble.

I've heard of it many times and it even came from popular people of the world. Telling that bitcoin is just a bubble seems to be an understatement and no one would believe in it anymore unless it comes from an "expert" in economics that really don't like bitcoin.

So if bitcoin is just a bubble.

What's with alts?

I'm not talking that Bitcoin is a bubble, i also dislike when people talking that crypto is a bubble, i'm trying to say that Bitcoin is not perfect. Satoshi can't see the future, he pushed us further to the future of cryptocurrencies. Bitcoin is just not ideal, Ethereum is natural continue of crypto world, Ethereum not ideal too, but it have more promising future. I love altcoins when we talk about speculation, there are interesting projects aswell.

Yes, there are interesting projects.

But that's it, bitcoin is the firstborn and it's the most adopted and accepted crypto in the world. It wouldn't change the fact of what you're saying but that's it.

And another fact that all of the new coins including the older ones only took the idea of bitcoin.

[cryptomaniac_xxx]

this is all just a bubble.

I've heard of it many times and it even came from popular people of the world. Telling that bitcoin is just a bubble seems to be an understatement and no one would believe in it anymore unless it comes from an "expert" in economics that really don't like bitcoin.

So if bitcoin is just a bubble.

What's with alts?

I'm not talking that Bitcoin is a bubble, i also dislike when people talking that crypto is a bubble, i'm trying to say that Bitcoin is not perfect. Satoshi can't see the future, he pushed us further to the future of cryptocurrencies. Bitcoin is just not ideal, Ethereum is natural continue of crypto world, Ethereum not ideal too, but it have more promising future. I love altcoins when we talk about speculation, there are interesting projects aswell.

How about the rising fees of Ethereum though? It's the same as bitcoin is experiencing in the last 4 years and yet the price seems to be going strong? And there are a lot of Ethereum competition right now, ADA, DOT and BNB trying to get a piece of the piece specially dapps. So you can say that it has promising future, but bitcoin will remain dominant.

[maxreish]

Both eth and bitcoin are worth to hold for long term. You buy them now, keep them and you will gain in time. Both are also risky, and there is nothing wrong if we rely on technical analysis, since we know we are in a crypto world where zigzag movements or volatile market do exists.

Come to think of it,  no bitcoin=no altcoins=no ethereum. So, its unreasonable to just advice to not invest in btc but into eth. We have different perspective of views when it comes to which one we should invest.

[Anrix2036]

So technically, you are also suggesting a different coin to HODL. Not Bitcoin but Ethereum? Don't you think that volatility is way better with BTC instead of other altcoins?

For HODL, you don't think about volatility. It's long-term investment, your trust in the future of the asset.

But that's it, bitcoin is the firstborn and it's the most adopted and accepted crypto in the world. It wouldn't change the fact of what you're saying but that's it.

And another fact that all of the new coins including the older ones only took the idea of bitcoin.

Seashells were the firstborn, adopted, and accepted currency in history, aswell as, rice, silver, and gold. But this is not reject the fact that they have weaknesses, that in long-term, made them not valuable or practical. Paper money replaced gold cause of convinience. Cryptocurrencies is intended to replace fiat, but Bitcoin have long-term issues, that i described earlier.
There is nothing wrong to modificate ideas of Bitcoin to make better crypto.

So you can say that it has promising future, but bitcoin will remain dominant.

That everyone are just hyping now, doesn't mean it will remain dominant. Bitcoin is accumulating deep problems, that will break it in next 5 years or a bit more.

Come to think of it,  no bitcoin=no altcoins=no etherum.

What? Bitcoin can crash by itself due to issues i mentioned above. And price of Bitcoin doesn't reflect that. Price of any asset represents psychology of all participants in the market. Price is "strong" because everyone see it like this, and cause of that you can't predict the price. Can you predict people behaviour? And price cannot predict anything, just cause it looks "strong". But psychology can change, and you better be ready that dominance of Bitcoin will last not too long.

[Harlot]

If you go to the original post of HODL (where the word was coined) GameKyuubi never really mentioned any strategy when it comes to hodling but he just mentioned that he is a "bad trader" which only implies that he talking about Bitcoin as an investment he didn't even say how long he will hold Bitcoin so we really don't know if he is holding it for years. Secondly why do you think all you have said on Bitcoin doesn't apply on Ethereum both in trading and investing? ETH might be something that will be looked at by some old traders who already know what they are doing but obviously still all of the attention is on Bitcoin just think about what big names are focusing on through Bitcoin ETFs and now companies like Tesla and Microstrategy buying Bitcoin and nothing else, Bitcoin isn't really an "old relic" as it hasn't even reached its potential yet.

[Insanerman]

~
Tell me your opinion.

Another weakhand spotted LOL. I cannot blame you for having a negative impression towards Bitcoin yet I assure you that your points are wayy old and were already wrong in the current market situation. All crypto-fan always say to others that investing in crypto in general is risky, so do trading it. Yet you cannot just point out your ideas as it would all fall down to the fact that a user choses to invest/hold, regardless of the risk he/she already knew about. Yes, you can lose everything in investing on crypto, yet aren't you warned at the first place?

[Ridwan Fauzi]

Actually it depends on someone's strategy and knowledge, you can blame for someone who hold bitcoin for long term investment because he has understood how to manage bitcoin for long term investment. Also, the stragegy that will be used seem like will be different, most of long term hold will focus on fundamental analyst not TA. Maybe they will use technical analyst but they will use high time frame.

Also, You cannot justify someone who has a strategy for short term investments or day/swing trades. Sometimes this way can make you get a huge lose, remember low time frame can be manipulated easily by some whales. They will sell their bitcoin so as will make many people take a panic selling as a solution to safe their money but it is just for a while and the whales buy back at the lowe price. This is why there is no safe 100% when you choose long term and short term strategey.

[mindrust]

ETH shares the exact same on-chain problems as Bitcoin. If you think Bitcoin is outdated, then ETH also is. The thing is though, the only solution to their problems is reducing their decentralization levels. If you want them to be super fast and super cheap, then they need to be super centralized as well. You just cannot have all three.

[taufik123]

I think a big mistake that people do, when looking on Bitcoin, is only profit. There is nothing bad about it, we all need money. But Satoshi Nakamoto doesn't made money machine so everyone can get rich, Bitcoin is money itself. I just want people to understand why he bringed this technology. Bitcoin is very successive experiment, it showed us that we can put our trust to cryptography, decentralized public ledger that we call blockchain. Amazing innovation that early adopters bringed to the masses. But cryptocurrencies need to evolve further, while we looking only on price, developers and programmers from around the world giving new technologies based on Satoshi's ideas. Do your own research, look at the Bitcoin deeper, at Ethereum, at any other cryptocurrency, if you want to be on the wave of crypto technologies, you need to be more inovative, always reconsider your opinion, as Satoshi do, back in the 2008.

I believe you are a true Ethereum fan and cannot be denied. Not everyone sees bitcoin based solely on the benefits it will get. Those who only see the benefits are ordinary people who are new to bitcoin and not the technology. Remember that Ethereum is still dependent on bitcoin and other altcoins are dependent on bitcoin. Currently cryptocurrency is very far developed and new innovations continue to emerge. Remember that vitalik buterin was also inspired by Satoshi Nakamoto with his bitcoins. There's nothing to argue about anymore. Bitcoin, etehreum or any other altcoin have their own advantages and disadvantages.

[cryptoaddictchie]

I dont have any issues holding either of the two cause I think their price movement isn't far from each other. When bitcoin pump, eth also follows and same goes for eth when it is moving. People or institutional players tend to favor bitcoin since they know that its more popular than any other crypto and hype surge as its progress in long term. Not all are knowledgeable in terms of which is more chance of gaining but some traders knew that altcoins are more chance of winning than bitcoin. But that's on others point. Some prefer long term goal and they can be assured of it through bitcoin.

[Anrix2036]

I think that there's misunderstanding of my position about Bitcoin, Ethereum and alts.

I cannot blame you for having a negative impression towards Bitcoin yet I assure you that your points are wayy old and were already wrong in the current market situation.

I have no negative impression about Bitcoin. This forum exists for discussion, not the praise of Bitcoin, aswell as other crypto. I just looked at the code of Bitcoin and whitepaper a bit, looked at the history, looked at the other cryptocurrencies. I don't blame anyone that love Bitcoin, cause i love it myself. But i wanted to express more critic view, that catched my mind.

Yet you cannot just point out your ideas as it would all fall down to the fact that a user choses to invest/hold, regardless of the risk he/she already knew about. Yes, you can lose everything in investing on crypto, yet aren't you warned at the first place?

Because of that, i told:

~
Tell me your opinion.

I'm not ordering anyone to buy Ethereum, I'm just expressing critic and not so ordinary point of view. The last decision of what to do is on you of course, and i know about investment/trading risks, obviously, we're not kids here.

Actually it depends on someone's strategy and knowledge, you can blame for someone who hold bitcoin for long term investment because he has understood how to manage bitcoin for long term investment. Also, the stragegy that will be used seem like will be different, most of long term hold will focus on fundamental analyst not TA. Maybe they will use technical analyst but they will use high time frame.

Also, You cannot justify someone who has a strategy for short term investments or day/swing trades. Sometimes this way can make you get a huge lose, remember low time frame can be manipulated easily by some whales. They will sell their bitcoin so as will make many people take a panic selling as a solution to safe their money but it is just for a while and the whales buy back at the lowe price. This is why there is no safe 100% when you choose long term and short term strategey.

I'm not fully against the TA, if you spotted some pretty predictable property of price using the set of indicators, developed and tested trading strategy and have good money management, then of course go ahead and trade.
Just my personal opinion: long-term: Ethereum, short-term and active trading: other alts.

ETH shares the exact same on-chain problems as Bitcoin. If you think Bitcoin is outdated, then ETH also is. The thing is though, the only solution to their problems is reducing their decentralization levels. If you want them to be super fast and super cheap, then they need to be super centralized as well. You just cannot have all three.

Strange statement, Ethereum not shares all problems with Bitcoin. Just think a bit, why are there so many cryptocurrencies developed at different times? You really think that they were developed, just so developers can profit from it? You right! But not all crypto were developed for that purpose. Litecoin, Bitcoin cash, Ethereum, Monero, and many others were developed to mitigate drawbacks of Bitcoin, but have their own issues aswell. I think it's not impossible for some cryptocurrency to be decentralized, fast, cheap, and convenient, if developers are trying to improve base ideas of Bitcoin.

I believe you are a true Ethereum fan and cannot be denied. Not everyone sees bitcoin based solely on the benefits it will get. Those who only see the benefits are ordinary people who are new to bitcoin and not the technology. Remember that Ethereum is still dependent on bitcoin and other altcoins are dependent on bitcoin. Currently cryptocurrency is very far developed and new innovations continue to emerge. Remember that vitalik buterin was also inspired by Satoshi Nakamoto with his bitcoins. There's nothing to argue about anymore. Bitcoin, etehreum or any other altcoin have their own advantages and disadvantages.

I'm not Ethereum "fan", I'm not even the "fan" of crypto. I'm researching and learning cryptocurrencies aswell as you all do. I just take it seriously, not as someone that too "excited" or making "fun" of it. This is not bad to be excited or making fun of it, this is just my personal, cold-blooded "inspiration".
Other cryptocurrencies are not so depended to Bitcoin as you may see. Price doesn't tell that much. If Bitcoin get cracked, hacked, breaked or whatever can happen, the price of other crypto will drop, definitely, but that doesn't mean that Ethereum or other cryptos just disappear.
I can't get why all of you telling me that some other crypto is using Bitcoin "ideas", that Vitalik inspired by Satoshi, we're all already know that. This sounds like this is something bad to be "inspired" by someone, and use something as reference in project. If to think that way then, Satoshi is a bad guy too, because he used ideas of Nick Szabo, and Bitcoin is a bad project because it used ideas of Bit Gold as reference. You really think it's so bad? I just can't get, why are pointing me that?

I don't want to hurt someone, we are just discussing.

[so98nn]

Bitcoin can't help organizations and investors get rid of the fear that this is all just a bubble.
Bitcoin is important step to revolution of the whole financial system, but not the last. It exists now, because not many people understand that Bitcoin is relic of the past. Ethereum is much more promising than Bitcoin with it's smart-contracts. HODL Ethereum not Bitcoin, when the disaster comes, Bitcoin won't survive.

There is really something on your head which is not right at all mate. You are thinking completely wrong about the bitcoin. With the advancement of more enthusiasts bitcoin actually has captured more and more investor based attention. On one hand people do think that bitcoin can give rise to decentralised banks and on the other hand it has futuristic use in the share market to inter-country transfers. In this case, sky is not the limit! You never know what amazing usage might just come out if someone really push it hard. The big game!

Second: why not to trade Bitcoin?
How are you predict price of Bitcoin? TA indicators?
Ranges? Support/Resistance? Price action? Candle patterns?
[...]

HODL and trade that's what got most of the people to use bitcoin. They gotten more than enough by holding it, trading it with intra day to long term positions. In fact with my own experience I can suggest that one must try bitcoin trading and see how useful it would be to gain good position over the time.

[Johnyz]

Holding Bitcoin for years now, it makes me more profitable without exerting any effort so I don't have any problem with holding bitcoin, and since I make more money than my capital, I can say that its not that risky.

We all have strategies in this market, and you can't say that TA will not work because it has been used by many traders over the decades now and its already proven and tested. If you don't like bitcoin and only support altcoins, then so be it but you cannot force everyone here to follow you.

[mindrust]

ETH shares the exact same on-chain problems as Bitcoin. If you think Bitcoin is outdated, then ETH also is. The thing is though, the only solution to their problems is reducing their decentralization levels. If you want them to be super fast and super cheap, then they need to be super centralized as well. You just cannot have all three.

Strange statement, Ethereum not shares all problems with Bitcoin. Just think a bit, why are there so many cryptocurrencies developed at different times? You really think that they were developed, just so developers can profit from it? You right! But not all crypto were developed for that purpose. Litecoin, Bitcoin cash, Ethereum, Monero, and many others were developed to mitigate drawbacks of Bitcoin, but have their own issues aswell. I think it's not impossible for some cryptocurrency to be decentralized, fast, cheap, and convenient, if developers are trying to improve base ideas of Bitcoin.

ETH is almost as expensive as bitcoin to operate. People who say Bitcoin is very expensive also not using ETH anymore. They use other currencies and they are either very centralized or nobody is using it so there is more room. Litecoin, Bitcoin Cash or Monero will also have the same problems as Bitcoin once more people start using them. (btw BCH is more centralized than the others because of its block size)

Decentralized, fast, cheap.

Pick 2.

You can't have all.

[maydna]

I believe we all have our own choice for our bitcoin, whether we want to hold or trade. We know what we should do with bitcoin, and besides of hold bitcoin, I am sure many of us also hold the other coins that can increase. I hold bitcoin for years, but I also trade bitcoin to earn more bitcoin and hold it for more. I did too with the altcoin because I am using crypto for short, medium, and long-term investment. Whenever I see the price can surge to high price, I sell for some amount and take my profit, while I will wait for the other time to buy back the coin at a low price.

If you ask about what Bitcoin exactly can give? I will say that bitcoin provides us with a chance to make money from the internet because we live to need money, and while people busy making money from their offline, we have another way to make money.

[tvplus006]

A year ago, I did not believe that bitcoin would be able to reach its ATH of 20 thousand dollars. Today, I have no doubt that the price of BTC will reach 100 thousand dollars and which is not the maximum for bitcoin. Given this potential for BTC growth, both traders and investors will be able to make a profit. Which of them will eventually earn more is a topic of a separate conversation.

[Mauser]

First: why not to HODL Bitcoin?
HODLing require from you to hold long position for years. You assume that the price will go up long-term. But why it should go up? General reason for that assumption is that many and many people, enthusiasts, developers, investors, organizations of the whole world get to recognize Bitcoin more. This results to encreasing money flow and price. But in essence, what Bitcoin exactly can give? Of course, decentralizaton, self emission, a bit privacy. But Bitcoin lack some features, that other cryptocurrencies have. Bitcoin can't give people enough transaction speed and convinience. Bitcoin can't give developers convinient methods to build applications. Bitcoin can't help organizations and investors get rid of the fear that this is all just a bubble.
Bitcoin is important step to revolution of the whole financial system, but not the last. It exists now, because not many people understand that Bitcoin is relic of the past. Ethereum is much more promising than Bitcoin with it's smart-contracts. HODL Ethereum not Bitcoin, when the disaster comes, Bitcoin won't survive.

I understand your motivation for holding Ethereum instead of Bitcoins, but why not just hold both? You say that other crypto currencies are better than Bitcoins, but you are forgetting that for many people Bitcoins are the Crypto Currency. There is just no way around it. The last few months should have been the best example of why holding Bitcoins is a good idea. Personally, I will keep holding both ETH and BTC. Also, I prefer holding coins long term and not to trade too much.

[crzy]

A year ago, I did not believe that bitcoin would be able to reach its ATH of 20 thousand dollars. Today, I have no doubt that the price of BTC will reach 100 thousand dollars and which is not the maximum for bitcoin. Given this potential for BTC growth, both traders and investors will be able to make a profit. Which of them will eventually earn more is a topic of a separate conversation.

This is also my realization and this situation pushes me to hold more Bitcoin because the bull trend with Bitcoin is inevitable and its too painful to watch the price trend if you don't have Bitcoin on your portfolio.

There's no wrong in holding, and study says holding are more profitable compare to trading in the long term, and with Bitcoin that's proven and tested. I know there's a lot of good altcoins, that's why there's a strategy that suggest you to diversify, this can also work for you.

[Maslate]

Well, I think OP is not really a fan of Bitcoin. All your suggestions and protection towards Bitcoin haven't good for him.

We don't need to argue why we hold Bitcoin or not. OP has already decided what could be the best coin for him and he should keep and trust it. It is not this time we have to see the result and to knows who wins either the Bitcoin holder or ETH holder (OP).

We all are here for a reason and most of us are here for investment. And we are free to choose which one seems to be best and profitable. Because for me, I hold and traded them both.

[boyptc]

But that's it, bitcoin is the firstborn and it's the most adopted and accepted crypto in the world. It wouldn't change the fact of what you're saying but that's it.

And another fact that all of the new coins including the older ones only took the idea of bitcoin.

Seashells were the firstborn, adopted, and accepted currency in history, aswell as, rice, silver, and gold. But this is not reject the fact that they have weaknesses, that in long-term, made them not valuable or practical. Paper money replaced gold cause of convinience. Cryptocurrencies is intended to replace fiat, but Bitcoin have long-term issues, that i described earlier.
There is nothing wrong to modificate ideas of Bitcoin to make better crypto.

There has been debates about that and changes.

I think I'm seeing the improvements of it and that made bitcoin better this time. There will be an unending modification based from the thought of everyone but it cannot replace those facts that I've also mentioned.

[adzino]

So, do you have some sort of personal vendetta against bitcoin or something? You are clearly telling people not to hold bitcoin, but to hold other altcoins. That makes zero sense at all. In fact, it has been seen that bitcoin is actually a better store of value than any other altcoins. I was expecting you to shill for some altcoins, but looks like you are an Ethereum fanboy. At least you aren't promoting some shitty altcoins.
What what is this "disaster" you are talking about? What makes you think that Ethereum would be able to survive, but not Bitcoin?

[trigger1975]

You're just trolling, right?  Your posting does not make any sense whatsoever otherwise.

[goldade]

I don't know how you came about this conclusion but  what I can say is that it's totally absurd. If you'll compare Ethereum to Bitcoin, then you'll need to compare their price movement over the years. Look at what bitcoin achieved in its first five years and compare it to that of Ethereum.
Compare the price movement of bitcoin in the last five years to that of Ethereum and determine which has more potential. I don't know why you'd think Ethereum has more potential than bitcoin when Ethereum is still under $2000 and bitcoin has break $50k. 
If you however think Ethereum is better than bitcoin, then good for you.

[MCobian]

I understand what you mean to say that Bitcoin is imperfect and has weaknesses that might harm us if we HODL or trade. But indeed all coins
are not perfect, including Ethereum is also imperfect and has weaknesses.  Therefore, proper research and analysis is needed before investing
in cryptocurrency. It is not wise to forbid people to HODL and trade Bitcoin because Bitcoin is imperfect and has weaknesses. Because if you do
your research properly, there are a lot of people who get rich because of HODL and Bitcoin trading. I myself also feel huge profits with HODL Bitcoin,
I don't know the reason you actually think negatively about Bitcoin. But I will still choose Bitcoin as the best coins for HODL or trade.

[Anrix2036]

As i can see, not many people are read the whole topic. I suggest everyone to read all replies before posting your reply.

You're just trolling, right?  Your posting does not make any sense whatsoever otherwise.

If you don't agree, then make your words more argumented. I'm tired of people that just saying "nonsense" to anyone they don't agree. Look how my posting is structured and argumented. If you think that my arguments are "nonsense", then prove it, aswell as I'm trying to prove my beliefs.

So, do you have some sort of personal vendetta against bitcoin or something?

I've already told that i have not any personal hate against Bitcoin. I am repeat: read the whole topic.

What what is this "disaster" you are talking about? What makes you think that Ethereum would be able to survive, but not Bitcoin?

I've already told about issues that Bitcoin have, and Ethereum have not, but let me clarify.
Bitcoin became more centralized due to ASIC mining. China is the leader in the Bitcoin mining industry, the most of Bitcoin's hashing power are centered in China, cause they can produce ASICs cheaply, and electricity is relatively cheap there. By statistics in the Internet, China may have hashing power over 51% of the whole Bitcoin network. That means China can perform 51% attack on Bitcoin network, but currently they don't do that. But how can we trust Chinese government that they will not suddenly consider Bitcoin as the threat of Chinese currency? This is not conspiracy, if China have power to attack Bitcoin, this will be disaster for it. Cryptocurrency needs to be decentralized, for long-term investment.
I think this issue is the most dangerous.

Well, I think OP is not really a fan of Bitcoin. All your suggestions and protection towards Bitcoin haven't good for him.

We don't need to argue why we hold Bitcoin or not. OP has already decided what could be the best coin for him and he should keep and trust it. It is not this time we have to see the result and to knows who wins either the Bitcoin holder or ETH holder (OP).

We all are here for a reason and most of us are here for investment. And we are free to choose which one seems to be best and profitable. Because for me, I hold and traded them both.

I've already told: do what you want, this is your money. My purpose is to share my thoughts with crypto community.

If you ask about what Bitcoin exactly can give? I will say that bitcoin provides us with a chance to make money from the internet because we live to need money, and while people busy making money from their offline, we have another way to make money.

Of course Bitcoin can give money as any other crypto. But by "what Bitcoin exactly can give?" I mean it's intrinsic value. If Bitcoin have clear disadvantages, like centralization, that will break it in next several years, i suggest to not hold it for too long. The last decision is on you of course.

ETH shares the exact same on-chain problems as Bitcoin. If you think Bitcoin is outdated, then ETH also is. The thing is though, the only solution to their problems is reducing their decentralization levels. If you want them to be super fast and super cheap, then they need to be super centralized as well. You just cannot have all three.

Strange statement, Ethereum not shares all problems with Bitcoin. Just think a bit, why are there so many cryptocurrencies developed at different times? You really think that they were developed, just so developers can profit from it? You right! But not all crypto were developed for that purpose. Litecoin, Bitcoin cash, Ethereum, Monero, and many others were developed to mitigate drawbacks of Bitcoin, but have their own issues aswell. I think it's not impossible for some cryptocurrency to be decentralized, fast, cheap, and convenient, if developers are trying to improve base ideas of Bitcoin.

ETH is almost as expensive as bitcoin to operate. People who say Bitcoin is very expensive also not using ETH anymore. They use other currencies and they are either very centralized or nobody is using it so there is more room. Litecoin, Bitcoin Cash or Monero will also have the same problems as Bitcoin once more people start using them. (btw BCH is more centralized than the others because of its block size)

Decentralized, fast, cheap.

Pick 2.

You can't have all.

I haven't told that LTC, BCH or XMR are better than BTC, I've mentioned them because, many developers are see deep problems of Bitcoin, and are trying to solve them.
The main disadvantage of Bitcoin, is that it cannot be changed. Any major changes of source code leads to new cryptocurrency. Ethereum just more flexible, and have gone the difficult way to prove it's value.

Bitcoin can't help organizations and investors get rid of the fear that this is all just a bubble.
Bitcoin is important step to revolution of the whole financial system, but not the last. It exists now, because not many people understand that Bitcoin is relic of the past. Ethereum is much more promising than Bitcoin with it's smart-contracts. HODL Ethereum not Bitcoin, when the disaster comes, Bitcoin won't survive.

There is really something on your head which is not right at all mate. You are thinking completely wrong about the bitcoin. With the advancement of more enthusiasts bitcoin actually has captured more and more investor based attention. On one hand people do think that bitcoin can give rise to decentralised banks and on the other hand it has futuristic use in the share market to inter-country transfers. In this case, sky is not the limit! You never know what amazing usage might just come out if someone really push it hard. The big game!

I really like your enthusiasm, really. But read the whole topic. Decentralized banks are not possible with Bitcoin, cause it's centralized. If there is cryptocurrency that faster than Bitcoin, more secure, durable and convenient, that crypto may become more important in the near future. And this is not necessary to be Ethereum, I just don't see better, long-term alternative, in case if Bitcoin will totally fall.
Don't be overwhelmed by Bitcoin dominance, in crypto market, changes can happen in the matter of days, you're all know this better than ever.

I don't know how you came about this conclusion but  what I can say is that it's totally absurd. If you'll compare Ethereum to Bitcoin, then you'll need to compare their price movement over the years. Look at what bitcoin achieved in its first five years and compare it to that of Ethereum.
Compare the price movement of bitcoin in the last five years to that of Ethereum and determine which has more potential. I don't know why you'd think Ethereum has more potential than bitcoin when Ethereum is still under $2000 and bitcoin has break $50k. 
If you however think Ethereum is better than bitcoin, then good for you.

I'm not saying that Ethereum is more profitable than Bitcoin, I'm trying to say that Bitcoin have problems that will lead it to fall, and Ethereum have enough technical concrete to withstand, and maybe become next dominant.

And one more thing, I'm not saying that Bitcoin will crack right now, I'm saying that it happen in next several years.
I'm not forcing anyone to beleave me or do like i suggest, we need to talk about anything regarding Bitcoin, to make cryptocurrencies better instrument for investing, trading, and use.

[maydna]

If you ask about what Bitcoin exactly can give? I will say that bitcoin provides us with a chance to make money from the internet because we live to need money, and while people busy making money from their offline, we have another way to make money.

Of course Bitcoin can give money as any other crypto. But by "what Bitcoin exactly can give?" I mean it's intrinsic value. If Bitcoin have clear disadvantages, like centralization, that will break it in next several years, i suggest to not hold it for too long. The last decision is on you of course.

Bitcoin gives an investment value that can increase in the future because if the demand is bigger than the supply, that can impact the price. Even if the price fluctuates, that will not be a problem because it will be back to the higher price. Bitcoin gives privacy to us to manage our own money, which nobody knows how much actually our money. We can convert it into an altcoin, convert it again into bitcoin, and then send it to the other wallet if we don't want other people to know about our bitcoin amount.

[danherbias07]

You want people to shift to Ethereum after a long time passion into keeping Bitcoin.
That's okay.
But the same goes for Bitcoin fans.
If only we all shifted to Bitcoin then the value of it will be better. Not just that, the focus of completing the new way of transactions could have been done years ago with the help of great minds who created the altcoins. But they didn't, instead they created their own kind of crypto currency and try to tell investors this will be better than Bitcoin.
 
Competition is healthy in business but you could not please everyone. They have their own opinions and understanding of how the world works.
I'd very much like to just keep them both for the future.

[Emitdama]

Trading is always a very difficult thing to do, it doesn’t matter what you’re trading whether it is Bitcoin or stocks on forex and options, the thing is that there are more possibilities of you losing your money than making profit, that’s why you’re being told that over ninety percent of the people who are traders are losing their money every day. But that doesn’t mean people will stop trading, there are those who will continue the trading no matter what.

By the way I don’t see anything wrong with Holding Bitcoin at this time, it still has a long way to go, although I don’t know what waits for it in the future. Well for now we can only use it the way it is, but I believe there will be a solution when the time is right.

[SquallLeonhart]

I get that some people like to diminish all the things bitcoin has achieved, but that doesn't mean that they will be cared. If you are a good trader you should trade bitcoin, if you are not a great trader that means you should invest into bitcoin. I have been trading and investing for 8 years and I have made good enough money that I have been staying at home for the past 5 years working full time on crypto.

I do freelance work, I do affiliate network, I trade, I invest, and all of that helped me get richer than I could by working at an office job. By all means I am not a rich person, but I am making more money than I could from a regular office job that I used to work for and that is why I think it is quite obvious that we should not be caring about people who write stuff like these, they are totally wrong because holding and trading is great for bitcoin, even today when it is so high.

[slaman29]

I do freelance work, I do affiliate network, I trade, I invest, and all of that helped me get richer than I could by working at an office job. By all means I am not a rich person, but I am making more money than I could from a regular office job that I used to work for and that is why I think it is quite obvious that we should not be caring about people who write stuff like these, they are totally wrong because holding and trading is great for bitcoin, even today when it is so high.

Nice job!

I just hodl really, it's all I can do, and earning small amounts from some forum presence here, I've been doing it for years. It's not much but I put effort in it, and am very happy that I can save most of it so over the years, it grows. $40 just a year ago is worth more than $400 now. That is what I look forward to also earning $30 now and in ten years seeing it grow.

[sniveel]

I do respect your opinions about hodling, but I still prefer to hodl bitcoin than ethereum. If you are saying that eth is better than btc, then it is a disrespect for the king of all cryptocurrencies. Why I will hodl my bitcoin? It is simply because I believe with it's potential to be valued much in the future and there are so many bigtime people or organizations who bought bitcoin, and as of now they are hodling their assets.

[Darkelf11]

This is your perspective we have different the market will not become volatile if you are going to hold much supply of the bitcoin this is the reason why we have an active market. Mostly the reason people want to hold this coin because of their trust and confidence in being active in holding this coin to make it profitable even they hold it for more than a month or year. Like the other sources, Bitcoin has a huge potential.

[Rana590]

This is your perspective we have different the market will not become volatile if you are going to hold much supply of the bitcoin this is the reason why we have an active market. Mostly the reason people want to hold this coin because of their trust and confidence in being active in holding this coin to make it profitable even they hold it for more than a month or year. Like the other sources, Bitcoin has a huge potential.

There is no to reason not to trust in Bitcoin. Bitcoin is the king of Crypto market and day by day people are showing their trust in Bitcoin. Also bitcoin is giving good profit to the holders. As bitcoin is the number 1 crypto currency in the crypto world, we can trust bitcoin easily.

[Yatsan]

People have their own preferences and own sighting with regards on how they can grow their Bitcoins that they have on hand. Holding is one of the way people are seeing to make it possible because of the volatile price of Bitcoin that makes it possible for a single cent or part of it to cost a big amount in a long run. When it comes to trading, people cannot directly predict the flow or into which direction the price can get into that is why it is risky but we are all into taking risk for we all know at the first place the consequence we will be facing right through it. Now with regards to which is better than Bitcoin and Ethereum, both are good so nothing to compare because why bother to just focus and choose one when you can have both at the same time. Trading and holding have become a part of each and everyone in here so there is no doubt many are against the argument but it is your own sightings so it will be just fine for we know what exactly applies better for us.

[CaVO32]

People have their own preferences and own sighting with regards on how they can grow their Bitcoins that they have on hand. Holding is one of the way people are seeing to make it possible because of the volatile price of Bitcoin that makes it possible for a single cent or part of it to cost a big amount in a long run. When it comes to trading, people cannot directly predict the flow or into which direction the price can get into that is why it is risky but we are all into taking risk for we all know at the first place the consequence we will be facing right through it. Now with regards to which is better than Bitcoin and Ethereum, both are good so nothing to compare because why bother to just focus and choose one when you can have both at the same time. Trading and holding have become a part of each and everyone in here so there is no doubt many are against the argument but it is your own sightings so it will be just fine for we know what exactly applies better for us.

And people should remember about the simple rule in investments, don't put all your eggs in one basket. It is always best to diversify your portfolio. Whether you go for btc and eth or btc, eth, bnb, and others. However, it is really up to the person how he can optimize his profits, whether in trading or holding. And sometimes, it depends on your necessity. There are times that you need to cash out for some urgent matters. That's very understandable as it is your money and you can do anything what you need to do. So bottomline, you are the only one that can decide what to do with your portfolio, because that's your money at stake.

[Ewox]

Have you heard of the saying “to each his own”? I mean if you prefer Ethereum over Bitcoin then why make a fuss out of it? Bitcoin was here first and maybe that’s one of the reasons mainly why people hodl Bitcoin because of the length of time it has been here and for that length of time, it had grew its value to more than anyone had expected. But yeah Ethereum is fine too, but you can’t control people on which they would prefer to hodl. Respect begets respect. 😊

[pankowri]

Well, Bitcoin and Ethereum are promising cryptos. And if we can get profits and trust both, why not?
Holding is about trust. I am personally one of them. Buying the Bitcoin when the market is already down to bearish market someday and then hold it for several years. Why do I do this? because I believe in Bitcoin. and I am ready for the risks, whatever it is. That is why it is better to hold however the amount that we can afford to lose. And I am sure that Bitcoin will have another chance to better and better price again in the future.
And why we are trading Bitcoin? because there is sometimes significant down and rise price in the market and we can take the chance to get profits from this.

Wow, that's amazing. You have very nicely explained the subject of holding first and then of trading. I agree with your argument. Holding is based on trust ‌ and risk. We make a profit through the ups and downs of trading. However, it is not the case that there is no risk.

[Ziskinberg]

Have you heard of the saying “to each his own”? I mean if you prefer Ethereum over Bitcoin then why make a fuss out of it? Bitcoin was here first and maybe that’s one of the reasons mainly why people hodl Bitcoin because of the length of time it has been here and for that length of time, it had grew its value to more than anyone had expected. But yeah Ethereum is fine too, but you can’t control people on which they would prefer to hodl. Respect begets respect. 😊

I think it is enough to express how you feel protecting Bitcoin is the best coin over the others. It is OP to have his opinion and that he likes more on ETH than Bitcoin. I don't think there is a problem with that and I think we don't need to force people to like most BTC since they have their preferred coin to invest in.
And if we read what he replies to the above post, it was clear enough to say that he never wants to hold Bitcoin and put an end to that.

[michellee]

This is your perspective we have different the market will not become volatile if you are going to hold much supply of the bitcoin this is the reason why we have an active market. Mostly the reason people want to hold this coin because of their trust and confidence in being active in holding this coin to make it profitable even they hold it for more than a month or year. Like the other sources, Bitcoin has a huge potential.

There is no to reason not to trust in Bitcoin. Bitcoin is the king of Crypto market and day by day people are showing their trust in Bitcoin. Also bitcoin is giving good profit to the holders. As bitcoin is the number 1 crypto currency in the crypto world, we can trust bitcoin easily.

If we are involved in cryptocurrency, we trust bitcoin as the best coin in the crypto world. But for people who do not know crypto and even bitcoin will not think like that. Some people involved in bitcoin are not fully trusted to bitcoin, and they still worry if their bitcoin is getting down from time to time. Maybe that is because they have trauma losing their money before, but they are still curious about making money from bitcoin, so they still use bitcoin and try to make money. If you want to hold or trade bitcoin, you need to know bitcoin so you know how to use bitcoin for your benefit.

[Anonylz]

Is it just me who find this post not making any meaningful sense,
 'Why not to hodl, Why not to sell' what the fuck does that mean, do you plan to eat it raw perhaps if you find it confusing to do both! just curious

don't give yourself unnecessary headache trying to analyze the best approach to 'not to hodl, not to sell' btc and just do both or do one, it is either black or white, no in-between, either you decide to sell or hodl, you will still end up doing one among the two. That simple  

[bitgolden]

You have very nicely explained the subject of holding first and then of trading. I agree with your argument. Holding is based on trust ‌ and risk. We make a profit through the ups and downs of trading. However, it is not the case that there is no risk.

I have done similar things in my life before. I have invested and held a lot of coins at one point, and I took out my capital and with the rest I just traded and did what I can, and I have also lost a lot of money and earned a lot of money, some traded and some just hodl and all around I can tell you that when you have nothing to lose, it is easier to trade.

I mean when it is your money on the line you are a bit more scared on what to do, but when you take some of it out and you are doing better, it is something to really not care and not bothered with because you took your initial capital out so only thing you can have with that trade is break even, even if everything goes to zero.

I recently invested into a defi and I put 150 bucks in it, it reached to 700 dollar levels, I took my 150 dollar out and then rest of the coins I had dropped to 4 dollars, that is right 4 dollars, because it turns out it was a rug pull and that is why it dropped so significantly. I am fine with it, because I could have made a bigger loss.

[$crypto$]

I do respect your opinions about hodling, but I still prefer to hodl bitcoin than ethereum. If you are saying that eth is better than btc, then it is a disrespect for the king of all cryptocurrencies. Why I will hodl my bitcoin? It is simply because I believe with it's potential to be valued much in the future and there are so many bigtime people or organizations who bought bitcoin, and as of now they are hodling their assets.

It was an option for him to choose ETH over bitcoin because they think it is the most peddling thing compared to bitcoin.
We know that all coins are focused on bitcoin because it is one of the most sought after coins to date and even compares bitcoin to other stocks, and of course I will have more confidence in bitcoin from start to finish, even as a future investment.

Still the highest asset will be bitcoin in its entirety and other coins will only be complementary, but I also have no doubt that ETH currently knows the glory of ETH at its current peak and increases along with the development of bitcoin above it.

[Kasabus]

He just cleared it out that ETH had felt him better than the known Bitcoin. Can't argue with him right? It is his choice and we have ours also, and no matter how we would like to tell him that Bitcoin is the leading coin in the market, his trust towards ETH can't be twisted.

But anyways, ETH is still good for long-term investment and OP isn't the wrong choice also for it. What went wrong is that he is trying to say that Bitcoin is useless and there is no reason why we hold Bitcoin. Well, too disappointed to hear that because we know already, and since the start Bitcoin is still there and keeps growing.

[BuNga_cute]

Everyone has their own opinion regarding Bitcoin, there is nothing wrong if you prefer Ethereum over Bitcoin. Because the crypto world is not only
Bitcoin, so we don't have to be fixated on HODL or Bitcoin trade. Ethereum is indeed the best alternative to Bitcoin, because Ethereum has also
performed outstandingly this year. But my advice is why not HODL or trade both, because I think Bitcoin and Ethereum are just as good.
Even if Bitcoin and Ethereum can be pumped, you can make a big profit from the two coins.

[dimonstration]

He just cleared it out that ETH had felt him better than the known Bitcoin. Can't argue with him right? It is his choice and we have ours also, and no matter how we would like to tell him that Bitcoin is the leading coin in the market, his trust towards ETH can't be twisted.

Once we believed into something it will not be easily dissolved, what worse nowadays is people want us also to believe things they believe with when in fact we all have our own understanding and needs in life. What we thought we need may not be suitable for him ,let’s just keep it this way and just find way to take advantage with any crypto we have for our benefit to earn.

[2double0]

I await the day when Eth rolls out its 2.0 version. I know about the smart contracts that Eth holds, but even after all that, it could not give one significant thing to its users - cheap fees. Even btc is not affordable to be transacted and spent, still we can wait and get our transaction confirmed but in Eth, if gas fee is kept too low then the transaction will be failed. Holding btc had been very much profitable to early adopters and it will be highly profitable to them who believe in the value of btc.

[kawetsriyanto]

Everyone has their own opinion regarding Bitcoin, there is nothing wrong if you prefer Ethereum over Bitcoin.

Sure. In my view, it isn't really necessary to know which one is better because it depends on how you manage it and your target. For example, someday, I prefer to choose to buy Ethereum because it is an altcoin season and the Bitcoin price is a bit hard to move significantly. But on another day, I prefer to buy Bitcoin since there is good news related to Bitcoin currently and it potentially triggers an increase in Bitcoin price.

From the example above, both are good. Regarding which one to buy, it depends on the situation.

[BuNga_cute]

Everyone has their own opinion regarding Bitcoin, there is nothing wrong if you prefer Ethereum over Bitcoin.

Sure. In my view, it isn't really necessary to know which one is better because it depends on how you manage it and your target. For example, someday, I prefer to choose to buy Ethereum because it is an altcoin season and the Bitcoin price is a bit hard to move significantly. But on another day, I prefer to buy Bitcoin since there is good news related to Bitcoin currently and it potentially triggers an increase in Bitcoin price.

From the example above, both are good. Regarding which one to buy, it depends on the situation.

This is what I mean, we do buy coins depending on the coins situation, which is more profitable for us to buy the coins. Because sometimes
the profit made by Ethereum can be greater than the profit made by Bitcoin. Therefore it is necessary to do technical analysis before buying
Bitcoin or Ethereum. If it turns out that Ethereum falls deeper than Bitcoin, I prefer buying Ethereum because when it goes up the profit generated
can be greater. So don't focus too much on one coins, we have to see the latest situation of the coins we are going to buy. So buying coins
must be flexible.

[Renampun]

do not really understand your purpose in making this topic...
I am a Bitcoin holder and trader and there are many reasons I do both. So far I have never lost in doing both so your advice is not suitable for me 'lol'.

[jrrsparkles]

Ao you don't want to HODL or trade your bitcoins then better sell it off and find something which is worth to invest from your opinion. But here you are going to see the reasons why you should Hold or why you should trade Bitcoins.

[justdimin]

do not really understand your purpose in making this topic...
I am a Bitcoin holder and trader and there are many reasons I do both. So far I have never lost in doing both so your advice is not suitable for me 'lol'.

As a holder of Bitcoins, I hardly believe anyone would be at a loss unless they panicked at some point and got carried away by the fake news of Bitcoins being a bubble. Anyone who had faith and kept Bitcoins for the value it creates, will always enjoy profits. But the same cannot be said for trading because trading requires skills and since you said you are in profit doing both, you must have some really good skills. Can you share what kind of trading are you involved in? Altcoins trading or Price Trading or Pump and Dump or whatever, would like to know more.

Ao you don't want to HODL or trade your bitcoins then better sell it off and find something which is worth to invest from your opinion. But here you are going to see the reasons why you should Hold or why you should trade Bitcoins.

I don't get what you are exactly trying to say.

If someone asks me what is the best option to invest or trade? My answer would be simple, if you have infinite patience and good capital then invest but if you have low capital and cannot take risks or don't have patience, try trading rather.

[Om.monata]

Well, Bitcoin and Ethereum are promising cryptos. And if we can get profits and trust both, why not?
Holding is about trust. I am personally one of them. Buying the Bitcoin when the market is already down to bearish market someday and then hold it for several years. Why do I do this? because I believe in Bitcoin. and I am ready for the risks, whatever it is. That is why it is better to hold however the amount that we can afford to lose. And I am sure that Bitcoin will have another chance to better and better price again in the future.
And why we are trading Bitcoin? because there is sometimes significant down and rise price in the market and we can take the chance to get profits from this.

sometimes we can play 2 steps to bitcoin and altcoin is more profitable than just choosing one but talking about another token. I think now choosing to walk in both places that I do, and I think with you if making a purchase at a low price and selling at a high price is an optimal and good move.

[wiss19]

Ethereum is much more promising than Bitcoin with it's smart-contracts. HODL Ethereum not Bitcoin, when the disaster comes, Bitcoin won't survive.

I am surprised to see you say this at times when the ETH is facing so many problems. I don't understand how during a disaster Bitcoin would not survive but Ethereum will survive.

If you don't beleave in the future of cryptocurrencies, just want to earn some paper money, then HODL Ethereum or speculate with top altcoins with high liquidity and volatility.

I don't know but I feel like you are shilling hard for altcoins which is not wrong given the popularity but actually if you see the market cap of all the altcoins, combine them together they will not get close to the market cap alone that bitcoins carries.

You might want to visit here once to know what I am saying: https://coinmarketcap.com/

If there are signs of a coin being dead, it is certainly not bitcoin, it might be any other coin even Ethereum facing so many problems might become dead but I don't see why bitcoin would ever die.

[Fatunad]

do not really understand your purpose in making this topic...
I am a Bitcoin holder and trader and there are many reasons I do both. So far I have never lost in doing both so your advice is not suitable for me 'lol'.

All things that you can read up on a forum or public place wouldnt be always applicable nor precise for everybody so you could really expect that it wont really be working for you
but working on his so its just a matter of choice if you do follow or not.If this doesnt really make any sense then so be it and better ignore but there are actually people who
do welcome out those kind of ideas which isnt really a bad thing since we do have freedom on expressing our own ways even though it isnt really that appealing to others.
If HODL doesnt work or not that much interesting to you then you can trade but if not then i dont know any options left. Lol

[iv4n]

do not really understand your purpose in making this topic...
I am a Bitcoin holder and trader and there are many reasons I do both. So far I have never lost in doing both so your advice is not suitable for me 'lol'.

I will agree with you on this! There's no real purpose for this topic! First of all, say this to people who hold Bitcoin since 2010... I guess from zero to +$55k is a good reason for holding... it's not like all others who bought 2 years ago can complain!

What to say about traders... some traders are earning big money in crypto! It's not like some secret or something like that... people earn for leaving! So trading is risky, but some people handle that good and they take advantage...

Turns out to be that people who know about trading and holding, have benefited from that in the last 5 years (even earlier, but let's use this for example), and not some benefits, it's like becoming a billionaire in just a few years! So what this headline is telling us is totally opposite from reality!

[boyptc]

sometimes we can play 2 steps to bitcoin and altcoin is more profitable than just choosing one but talking about another token. I think now choosing to walk in both places that I do, and I think with you if making a purchase at a low price and selling at a high price is an optimal and good move.

What you are basically saying is the famous buy low and sell high strategy.

Yes, that's what traders and investors should look upon if they want to make profit as an obvious strategy. Sometimes alts are more profitable if you're holding good alts and luckily, they're the ones that are pumping.

[DarkDays]

do not really understand your purpose in making this topic...
I am a Bitcoin holder and trader and there are many reasons I do both. So far I have never lost in doing both so your advice is not suitable for me 'lol'.

As a holder of Bitcoins, I hardly believe anyone would be at a loss unless they panicked at some point and got carried away by the fake news of Bitcoins being a bubble. Anyone who had faith and kept Bitcoins for the value it creates, will always enjoy profits. But the same cannot be said for trading because trading requires skills and since you said you are in profit doing both, you must have some really good skills. Can you share what kind of trading are you involved in? Altcoins trading or Price Trading or Pump and Dump or whatever, would like to know more.

Ao you don't want to HODL or trade your bitcoins then better sell it off and find something which is worth to invest from your opinion. But here you are going to see the reasons why you should Hold or why you should trade Bitcoins.

I don't get what you are exactly trying to say.

If someone asks me what is the best option to invest or trade? My answer would be simple, if you have infinite patience and good capital then invest but if you have low capital and cannot take risks or don't have patience, try trading rather.

Totally on point here. Trading or HODLing isn't a one-for-all solution. It depends on the circumstances of the individual and as pointed above if your pocket is full you can start investing but if you're trying to get an understanding of the crypto world and start with little money then trading can be a good start.

The bottom line is that you can't dismiss one option over the other, you just can't as it depends on many factors...

[imstillthebest]

why we will believe you when some of you said are not true and clearly you want eth and top altcoins for people to invest and not in bitcoin but even if  we will explain here the advantage of btc and the disadvantage of eth and altcoins  you wont still believe us but no worries because people here are nice .
we do have eth and top altcoins in our portfolio because this makes us earn earn aside from btc . hope this makes you happy

[Denial11]

If you are HODLing Bitcoin for the long term, then I am sure you are going to make profits. HODL Bitcoin meaning has nothing to do with keeping it for a month and sell it. Many people get driven by FUD and tend to sell at the wrong time. This should not happen if you want to make profits. Now a group of people consider other cryptos and not Bitcoin because they have better features. For example, they are generally faster than Bitcoin. Also, Bitcoin is expensive. The only thing you can do to buy Bitcoin in a few dollars is to buy in pieces. If you are not interested in Bitcoin, you can choose other cryptos. They are also booming in the market. 


Sources>>  https://www.cryptoknowmics.com/news/meaning-of-hodl/

[darewaller]

why we will believe you when some of you said are not true and clearly you want eth and top altcoins for people to invest and not in bitcoin but even if  we will explain here the advantage of btc and the disadvantage of eth and altcoins  you wont still believe us but no worries because people here are nice .
we do have eth and top altcoins in our portfolio because this makes us earn earn aside from btc . hope this makes you happy

Yes, these are shills of altcoins and we never need to listen to such people.

Moreover, I am just wondering how they are believing to convince people here by simply starting one topic; they must be out of practical knowledge because only people who are believing into magical things might be doing like this.

I am simply seeing OP like another bag holder of altcoins and just want to benefit out of their holding, they look for late investors on the same coin they have invested.

[molsewid]

All things that you can read up on a forum or public place wouldnt be always applicable nor precise for everybody so you could really expect that it wont really be working for you
but working on his so its just a matter of choice if you do follow or not.If this doesnt really make any sense then so be it and better ignore but there are actually people who
do welcome out those kind of ideas which isnt really a bad thing since we do have freedom on expressing our own ways even though it isnt really that appealing to others.
If HODL doesnt work or not that much interesting to you then you can trade but if not then i dont know any options left. Lol

Precisely, it doesn't mean that a certain techniques or certain strategy that was been shared here in forum work to other traders will definitely work on you too. I guess trading is a constant study where unless you didn't get the correct formula to trade on your own it's always a constant trial and error however we should be very careful in trading bitcoin especially. Actually for me bitcoin was made to Hodl and trade at the same time but of course it should be treated wisely and strategically.

[Distinctin]

All things that you can read up on a forum or public place wouldnt be always applicable nor precise for everybody so you could really expect that it wont really be working for you
but working on his so its just a matter of choice if you do follow or not.If this doesnt really make any sense then so be it and better ignore but there are actually people who
do welcome out those kind of ideas which isnt really a bad thing since we do have freedom on expressing our own ways even though it isnt really that appealing to others.
If HODL doesnt work or not that much interesting to you then you can trade but if not then i dont know any options left. Lol

Precisely, it doesn't mean that a certain techniques or certain strategy that was been shared here in forum work to other traders will definitely work on you too. I guess trading is a constant study where unless you didn't get the correct formula to trade on your own it's always a constant trial and error however we should be very careful in trading bitcoin especially. Actually for me bitcoin was made to Hodl and trade at the same time but of course it should be treated wisely and strategically.

And certainly need constant practice to make it good or at least. It can't be perfect as we know that and not all strategies also will work as it depends on the coins we choose and also our decision making. Many had gone far with their gameplan as they are affected by their emotions. Isn't an unusual thing to happen but that we need to minimize such feeling as this could be a hindrance to our success. It is a challenge and winning this could lead us to a better future in trading.

[blckhawk]

why we will believe you when some of you said are not true and clearly you want eth and top altcoins for people to invest and not in bitcoin but even if  we will explain here the advantage of btc and the disadvantage of eth and altcoins  you wont still believe us but no worries because people here are nice .
we do have eth and top altcoins in our portfolio because this makes us earn earn aside from btc . hope this makes you happy

Yeah let's just leave him there we all have different preferences upon choosing where to invest. Some folks find it more profitable in Bitcoin, some find it more profitable in altcoins, and some are both preferred to invest in both of them. We don't need to insist our idea onto someone because they have their own. Each and every coins whether it is Bitcoin or Ethereum they have their own advantages, disadvantage, therefore, they couldn't be compared as they also have a different use case. Personally, I find it more profitable and safe if I will hold not only a single token, specifically Bitcoin and ETH.

[cyriljundos]

I want to share some thoughts about the reasons why HODLing Bitcoin is risky, and why you don't need to build any TA strategies for trading Bitcoin.

First: why not to HODL Bitcoin?
HODLing require from you to hold long position for years. You assume that the price will go up long-term. But why it should go up? General reason for that assumption is that many and many people, enthusiasts, developers, investors, organizations of the whole world get to recognize Bitcoin more. This results to encreasing money flow and price. But in essence, what Bitcoin exactly can give? Of course, decentralizaton, self emission, a bit privacy. But Bitcoin lack some features, that other cryptocurrencies have. Bitcoin can't give people enough transaction speed and convinience. Bitcoin can't give developers convinient methods to build applications. Bitcoin can't help organizations and investors get rid of the fear that this is all just a bubble.
Bitcoin is important step to revolution of the whole financial system, but not the last. It exists now, because not many people understand that Bitcoin is relic of the past. Ethereum is much more promising than Bitcoin with it's smart-contracts. HODL Ethereum not Bitcoin, when the disaster comes, Bitcoin won't survive.

Second: why not to trade Bitcoin?
How are you predict price of Bitcoin? TA indicators?
Ranges? Support/Resistance? Price action? Candle patterns?
We all know about bad statistic of these tools. Almost anyone can't say why they using RSI, MACD, MA, CCI, Bollinger bands and other indicators. Why tringle pattern should end in desired direction? How these tools can help you predict, statistically unpredictible price? Price doesn't owe you something.
Price drives by big speculators, sharks, whales, market makers and other monsters of crypto ocean. They are trying to eat each other. Doesn't you noticed that Bitcoin pumps when new antminer ASICs are sold? You think that Elon Musk that smart to buy Bitcoin? He's smarter! Hype of Bitcoin is rising, why not to sell Tesla cars for Bitcoin?
But just a quick and realistic glance at the Bitcoin price chart of last several months gives clear vision of situation:PUMP!. And what happens after pump? Have someone an answer? Sit down, take A+, of course a DUMP!
You need to have insider info. With that, you'll get more chances. Or be the shark, while this almost impossible.
You can keep trading TA of course, scalping works in every market. But how many succeded traders do you know? Those youtubers? They get money from traffic, adverticement and affiliate programs, not from your success.
If you don't beleave in the future of cryptocurrencies, just want to earn some paper money, then HODL Ethereum or speculate with top altcoins with high liquidity and volatility.

Tell me your opinion.

Edit;
For better understanding of topic, you need to read all replies, cause there are some clarifications regarding this topic.

For me holding bitcoin is quite risky even if bitcoin very popular nowadays. We know that bitcoin price now is very high and i think it is not worth it to hold bitcoin anymore, the only thing you should do is to trade alternative coins so that you gain profit by simply trading btc pair or usdt

[awik p]

why we will believe you when some of you said are not true and clearly you want eth and top altcoins for people to invest and not in bitcoin but even if  we will explain here the advantage of btc and the disadvantage of eth and altcoins  you wont still believe us but no worries because people here are nice .
we do have eth and top altcoins in our portfolio because this makes us earn earn aside from btc . hope this makes you happy

Yeah let's just leave him there we all have different preferences upon choosing where to invest. Some folks find it more profitable in Bitcoin, some find it more profitable in altcoins, and some are both preferred to invest in both of them. We don't need to insist our idea onto someone because they have their own. Each and every coins whether it is Bitcoin or Ethereum they have their own advantages, disadvantage, therefore, they couldn't be compared as they also have a different use case. Personally, I find it more profitable and safe if I will hold not only a single token, specifically Bitcoin and ETH.

everyone does have a different trading style, and we cannot blame it, the most important thing is our goal is the same, which is to make a profit. On the other hand, the objects for investing are also different, some like BTC, ETH or others, of course they have their own experiences about the characteristics of these coins

[SacriFries11]

Ao you don't want to HODL or trade your bitcoins then better sell it off and find something which is worth to invest from your opinion. But here you are going to see the reasons why you should Hold or why you should trade Bitcoins.

Every investment and trading have their own risk. We should know that but I guess if I have one thing that I trusted the most of all currency in crypto world then I will always used BTC. BTC is the foundation of all cryptocurrency. I don't think it will collapse or empty zero just like other think but I do believe the technology behind the blockchain. It's the next generation where we're very luck to have it. ETH is superior to all crypto because of its market cap but BTC is way too different. It's truly decentralized.

[michellee]

For me holding bitcoin is quite risky even if bitcoin very popular nowadays. We know that bitcoin price now is very high and i think it is not worth it to hold bitcoin anymore, the only thing you should do is to trade alternative coins so that you gain profit by simply trading btc pair or usdt

Holding bitcoin will be a safe way for people who do not know much about trading and do not have to worry or afraid of the price up to and down. Maybe they can feel worried, but if they do not have to watch the price often, their minds will not always think about fluctuating the price and doing other things to do. But if they have skills to trade, it is better to make a profit and increase the bitcoin amount they have but that will not as easy to say because they need to learn more every day.

[nelson4lov]

Having read through the thread, the only valid point I saw OP make was that Ethereum has more features compared to Bitcoin thanks to its smart contracts. Aside from that, there's nothing more about why we should invest or trade Ethereum instead of Bitcoin especially since ETH transaction fees and throughput is similar to that of bitcoin  - slow and expensive. Another thing I'd love to point out is that, those technical tools OP mention still works. You just need to learn how to make them work for you. I don't even see why Ethereum should take the front row when it comes to investment or trading in this space.

[TheGreatPython]

Having read through the thread, the only valid point I saw OP make was that Ethereum has more features compared to Bitcoin thanks to its smart contracts. Aside from that, there's nothing more about why we should invest or trade Ethereum instead of Bitcoin especially since ETH transaction fees and throughput is similar to that of bitcoin  - slow and expensive.

I do not see any valid point; I understand OP is a bitcoin hater and there will be no point of keeping this topic here probably it needs to be moved into altcoin boards as it is for altcoin lovers. Bitcoin got 1 MB block and 10 minute confirmation for reasons but same thing in ethereum shows the lag while designing (1 MB block and 10 minute confirmation are fine for an asset as bitcoin was designed by having gold in mind).

I don't even see why Ethereum should take the front row when it comes to investment or trading in this space.

Yeah, only bitcoin haters will keep emphasizing that. That is why I believe that OP kind of people should be barred to create topics outside altcoin boards, just my opinion.

[kramchers]

Bitcoin is not the only one here that is risky, almost all altcoins are too risky to invest in.
But it always remain top in the market is Bitcoin and Ethereum. These two are really good in the long
term, If I only have a big amount of money I will buy a huge of these two for sure. Because these two
coins will really give me a good savings in the future.

[Sinjokubhi]

Bitcoin is not the only one here that is risky, almost all altcoins are too risky to invest in.
But it always remain top in the market is Bitcoin and Ethereum. These two are really good in the long
term, If I only have a big amount of money I will buy a huge of these two for sure. Because these two
coins will really give me a good savings in the future.

In my opinion, if you say it is not risky it is true. However, that is if we use it for investment in the long term. Because every year the Bitcoin price continues to increase. Yes, Bitcoin is a promising asset for the future. However, there are traders who trade Bitcoin on a daily or weekly basis to get more profit, besides being quick to earn, but this will be very risky too, if we choose the wrong action to sell it, especially if we are in a position to bet large amounts, it will very detrimental to you when you loss.

It's better to use Bitcoin for the long term, there is nothing wrong with you wanting to trade Bitcoin on a daily or weekly basis. But consider in advance the risks that will await you. All methods have their respective risks, the long term also has risks. However, if we talk about Bitcoin, I think it is suitable as a long-term investment. Don't be too thirsty for big profits, it can also be a weapon that threatens you. Since patience is required in this case, do not panic and be reckless in making decisions. Think carefully when you are trading.

[isaac_clarke22]

From how the price seems like, I don't think there are points to still try too hard to make people invest and hodl Bitcoin from what you said in the OP. Regardless of the drawbacks that Bitcoin currently have, even though we already have Lightning Network as solution to the drawbacks you mentioned, I would still hodl.
As for trading, it is just up to one's time sometimes. I quit my day trading back then, because it isn't really working in my part.

[tygeade]

From how the price seems like, I don't think there are points to still try too hard to make people invest and hodl Bitcoin from what you said in the OP.

Who urge you to invest and hold one full bitcoin? It is just like a myth. You can invest whatever amount you are having right now with the plans of holding for long period. It can be $100 or $500 or anything. Moreover, the very important factor for gaining unbelievable profits from bitcoin investment is, how long you will be holding rather than how much you're going to invest.

Just look into the people who are holding for more than one decade and still continue their holding because they are believing into million-dollar levels for one bitcoin. I am also believing that will be possible in coming years.

[tbterryboy]

Just look into the people who are holding for more than one decade and still continue their holding because they are believing into million-dollar levels for one bitcoin. I am also believing that will be possible in coming years.

Yes, like many other people have already notified OP must be a bitcoin hater and there will be no point of listening what he is saying here. It is always good to have bitcoin with the long-term plans and it will be definitely profitable even for my case.

I am also holding bitcoins with long term plans and probably I may not spend my bitcoin but my grand people will be making use of them and most probably I might use only very low percentage of my bitcoins.

[Sled]

From how the price seems like, I don't think there are points to still try too hard to make people invest and hodl Bitcoin from what you said in the OP.

Who urge you to invest and hold one full bitcoin? It is just like a myth. You can invest whatever amount you are having right now with the plans of holding for long period. It can be $100 or $500 or anything. Moreover, the very important factor for gaining unbelievable profits from bitcoin investment is, how long you will be holding rather than how much you're going to invest.

Just look into the people who are holding for more than one decade and still continue their holding because they are believing into million-dollar levels for one bitcoin. I am also believing that will be possible in coming years.

Not only just they foresaw such value or believing that will happen, but it also because they committed to do that as their individual goal. A lot of fo people doing this but many of them also we're not able to reach their goal for some reason and sell their Bitcoin prematurely.
And sometimes we ask ourselves why I don't have such doings? We keep blaming ourselves but because of our differences, it always becomes like this.

So just like you have said, nobody had urged us to HOLD nor urged us to SELL as that will be an individual decision.

[Alucard1]

Bitcoin and Ethereum are both good assets and if you keep on saying that ethereum is better than bitcoin then why would ethereum cant take over the value of bitcoin, Bitcoin is more decentralized than ethereum so what you are talking about? You also said that it is better to hold ethereum than holding bitcoin, I don't know why you keep trusting Ethereum over bitcoin, bitcoin already prove itself to a lot of people, bitcoin is now used as a means of payment in many companies.

[dimonstration]

Bitcoin is not the only one here that is risky, almost all altcoins are too risky to invest in.
But it always remain top in the market is Bitcoin and Ethereum. These two are really good in the long
term, If I only have a big amount of money I will buy a huge of these two for sure. Because these two
coins will really give me a good savings in the future.

All investment are risky may it be on stock or real estate they have their own risk like in cryptocurrency, it will be a matter of timing where to buy and when to sell. Ethereum plays a different role in each trader whie bitcoin been too popular as a good investment that increase in value as time pass by, the influence of crypto is way too high now that can’t compare to eth who were only noticed once btc known.

[FanEagle]

All investment are risky may it be on stock or real estate they have their own risk like in cryptocurrency, it will be a matter of timing where to buy and when to sell. Ethereum plays a different role in each trader whie bitcoin been too popular as a good investment that increase in value as time pass by, the influence of crypto is way too high now that can’t compare to eth who were only noticed once btc known.

Yes, we should not compare each of these coins. Moreover, claiming not needed for holding nor trading bitcoin is not making any sense because people are making good profits by doing those things for years. When we are comfortable with something, I'm not sure how OP kind of people are suggesting about not doing exact same things.

I agree that every investment is coming with its own level of risk but with bitcoin investments we can easily have risk-free situation when we go for long-term holding; this way we do not need to trade bitcoins to make profits still holding is very important here.

[Vaculin]

All investment are risky may it be on stock or real estate they have their own risk like in cryptocurrency, it will be a matter of timing where to buy and when to sell. Ethereum plays a different role in each trader whie bitcoin been too popular as a good investment that increase in value as time pass by, the influence of crypto is way too high now that can’t compare to eth who were only noticed once btc known.

Yes, we should not compare each of these coins. Moreover, claiming not needed for holding nor trading bitcoin is not making any sense because people are making good profits by doing those things for years. When we are comfortable with something, I'm not sure how OP kind of people are suggesting about not doing exact same things.

I agree that every investment is coming with its own level of risk but with bitcoin investments we can easily have risk-free situation when we go for long-term holding; this way we do not need to trade bitcoins to make profits still holding is very important here.

It will matter to us what kind of market approach we do. It doesn't important either holding or trading as long as you are fine and comfortable with what you did. It all had risk, we come to that willingly and that simply it means anything will happen in the future is not a thing we have to regrets but to accept it. That is a matter of choice, I do both holding and trading, and I did this several years but to find out that it is less risky when you are just holding than trading.

[Nanda Dewi277]

I want to share some thoughts about the reasons why HODLing Bitcoin is risky, and why you don't need to build any TA strategies for trading Bitcoin.

As you know, holding, investing, or trading all cryptocurrecnies (not only BTC) is RISKY. This is a real fact that crypto always requires risks. Higher risks will give higher profits.
However, Why I am still believing to hold and trade Bitcoin? Because I am sure that BTC is more than everything in the crypto, BTC is much better than altcoins. I also love altcoins, some of them also have very promising results from trading or investing.
So, I don't think to hold BTC.
Just do your own research, do investment and trades based on your responsibility, and also keep yourself wise, calm, and also smart investment or trading.

[Kong Hey Pakboy]

The reason that hodling is good is because bitcoin price is proven to go up in the long-term and not hodling will only result in regret and FOMO because you didn't trust bitcoin to go up in the long-term and then you will make a thread in this forum about how you regret not hodling bitcoin when it was still cheap and then others will reply trying to tell you that it is okay but deep inside they think that you deserve it.

[iamsheikhadil]

Bitcoin is not the only one here that is risky, almost all altcoins are too risky to invest in.
But it always remain top in the market is Bitcoin and Ethereum. These two are really good in the long
term, If I only have a big amount of money I will buy a huge of these two for sure. Because these two
coins will really give me a good savings in the future.

Makes sense but if an event of collapse happens, these two currencies will be the first to lose their value it's never good to put all money only in selected two currencies, it increases the risk of losing all by many folds and you should consider investing some amount on established money like gold, stocks of some great companies to make your folio less risky

[Issa56]

From the little experience am having I really believe in holding bitcoin more than trading it. bitcoin have pumped massively for the past few months now and lots of people have been regretting why they didn't buy and hold bitcoin and some people have being saying bitcoin price is too high and they are expecting a dump which I believe is a true bitcoin. Is not going to dump
I believe bitcoin price is still very low and will soon pump massively I will definitely advice everyone to buy and hold bitcoin now before the bull run start because very soon you won't see bitcoin in the range and you might endup regreting in the future why you did not buy and hold bitcoin now.

[doomloop]

The reason that hodling is good is because bitcoin price is proven to go up in the long-term and not hodling will only result in regret and FOMO because you didn't trust bitcoin to go up in the long-term and then you will make a thread in this forum about how you regret not hodling bitcoin when it was still cheap and then others will reply trying to tell you that it is okay but deep inside they think that you deserve it.

Yes, holding is the only effective and riskless way of making profits with bitcoin and all other methods are having significant risk levels. I'm seeing lots of people are directly entering into trading but after facing continuous losses by unable to predict market directions due to high volatility nature of bitcoin markets then they slowly coming back to holding options of bitcoin markets.

So, the people who are directly opting for holding bitcoin definitely will make big profits compared to those people who are trying trading at first hand.

[Hypnosis00]

From the little experience am having I really believe in holding bitcoin more than trading it. bitcoin have pumped massively for the past few months now and lots of people have been regretting why they didn't buy and hold bitcoin and some people have being saying bitcoin price is too high and they are expecting a dump which I believe is a true bitcoin. Is not going to dump

Holding is the best option if you wanted to keep your funds safely and of course, it is less risky than trading. However, holding will matter also depending on the market status. Like buying at $10k and hold it until now, you even get a multifold gain but it never happens all the time, and why? Because not all holders are willing to wait, most holders will sell their Bitcoin when they saw that they are already profiting.

[andriarto]

From the little experience am having I really believe in holding bitcoin more than trading it. bitcoin have pumped massively for the past few months now and lots of people have been regretting why they didn't buy and hold bitcoin and some people have being saying bitcoin price is too high and they are expecting a dump which I believe is a true bitcoin. Is not going to dump

Holding is the best option if you wanted to keep your funds safely and of course, it is less risky than trading. However, holding will matter also depending on the market status. Like buying at $10k and hold it until now, you even get a multifold gain but it never happens all the time, and why? Because not all holders are willing to wait, most holders will sell their Bitcoin when they saw that they are already profiting.

I think psychological factors are very influential in this. Maybe at first you had the intention to invest, but when you see that the price has gone up and the profits are visible, it seems as if you don't have the power to sell and take the cut profit

[Kelvinid]

It was just OP misunderstood what is HOLDING  and TRADING, and I think this is not the right place for him.

do not really understand your purpose in making this topic...
I am a Bitcoin holder and trader and there are many reasons I do both. So far I have never lost in doing both so your advice is not suitable for me 'lol'.

But looking at the answers in this thread, one gets an unambiguous impression about the benefits of the Hold and Bitcoin trading, of course the Hold is in the lead.
I have a lot of experience with the Hold because of my impatience I have suffered losses. However, it is absolutely obvious to me that hold is the most profitable strategy at the moment.
Such tips can be useful for those who have bad experience in holding or trading Bitcoin.

Holding is not an easy job. Not all can do that, honestly.

However, it was then to say that trading is somewhat difficult to do if you are not good at this, especially when you don't have enough knowledge and skills. While choosing to hold need strong determination in order to work it great. Both of them are profitable but we should have to analyze and think where we should become comfortable, not because someone says it was good.

[Obito]

Hodling is risk free though, OP probably has a little patience that a long-term investment isn't good for OP, did you expect that when you get in the cryptocurrency market, you are going to make it big really fast? Are you frustrated that you sold at a loss and now you want other people to withdraw their hodlings so they can join you and bathe in misery?

[wahyu wida]

Hodling is risk free though, OP probably has a little patience that a long-term investment isn't good for OP, did you expect that when you get in the cryptocurrency market, you are going to make it big really fast? Are you frustrated that you sold at a loss and now you want other people to withdraw their hodlings so they can join you and bathe in misery?

the most important thing to hold is our psychology, where are we not shaky with today's profits, and want to continue to hold on, and whether to stay strong in the event of a dump like in 2018, so that it can rise like this year. Psychology like that can only be managed by people who are professionals, because it is difficult to carry out

[rhodelmabanal]

Hodling is risk free though, OP probably has a little patience that a long-term investment isn't good for OP, did you expect that when you get in the cryptocurrency market, you are going to make it big really fast? Are you frustrated that you sold at a loss and now you want other people to withdraw their hodlings so they can join you and bathe in misery?

the most important thing to hold is our psychology, where are we not shaky with today's profits, and want to continue to hold on, and whether to stay strong in the event of a dump like in 2018, so that it can rise like this year. Psychology like that can only be managed by people who are professionals, because it is difficult to carry out

We don't need to hold or trade btc because there are so many coin or token to buy and hold, there are altcoins that is profitable so i think holding bitcoin is just an option only, but we can still holding both altcoin and bitcoin, every crypto trader has its own strategy and buying good coin is one of the most amazing strategy but it will not work if we dont have patience i also read elon musk tweet today it says as always don't panic.

[anti-dot]

Bitcoin is important step to revolution of the whole financial system, but not the last. It exists now, because not many people understand that Bitcoin is relic of the past. Ethereum is much more promising than Bitcoin with it's smart-contracts. HODL Ethereum not Bitcoin, when the disaster comes, Bitcoin won't survive.

Seeing Bitcoin to be like this? Then why you are here on a Bitcoin forum in the first place?

If you do believe that ETH is much better than Bitcoin then we do respect that but doesnt mean that those words of yours would really be typically able to convince out people who had been
supporting and having positive views about bitcoin potential in longer aspect.

Imagine on how people had made out money specially to those early adopters? Consider on how far we've able to reach when it comes to price?
Imagine on how far we've able to reach out when it comes to real life adoption?

There is someone who put his opinion out there obviously for discussion. No reason to go about it like you did. I don't share the opinion of OP either, but I can see where he is coming from.

As for Ethereum, more functionalities doesn't always mean better. It is the same for almost everything in life. Any set of tools (or rather most) have their own strengths and weaknesses. Bitcoin, besides technical facts, also has some mystical advantages going for it that stem from its first mover advantage and the fact that it was the ever first solution to global digital money based on a consensus driven open ledger.
Imagine you can purchase the very first Picasso even though it was not his best, do you think it'd be cheap?

[Kittygalore]

The reason that hodling is good is because bitcoin price is proven to go up in the long-term and not hodling will only result in regret and FOMO because you didn't trust bitcoin to go up in the long-term and then you will make a thread in this forum about how you regret not hodling bitcoin when it was still cheap and then others will reply trying to tell you that it is okay but deep inside they think that you deserve it.

T
OP doesn't think that way, he/she is pretty stupid to think that hodling isn't a viable strategy. I don't get the point of OP's post that it is not a necessity to hodl bitcoin or trade it which is essentially the only thing that you can do for now, either OP has a weak hands that hodling isn't viable for OP or OP wants other people to do what he/she did so OP isn't alone in the pits of having no bitcoin.

[yohananaomi]

The reason that hodling is good is because bitcoin price is proven to go up in the long-term and not hodling will only result in regret and FOMO because you didn't trust bitcoin to go up in the long-term and then you will make a thread in this forum about how you regret not hodling bitcoin when it was still cheap and then others will reply trying to tell you that it is okay but deep inside they think that you deserve it.

T
OP doesn't think that way, he/she is pretty stupid to think that hodling isn't a viable strategy. I don't get the point of OP's post that it is not a necessity to hodl bitcoin or trade it which is essentially the only thing that you can do for now, either OP has a weak hands that hodling isn't viable for OP or OP wants other people to do what he/she did so OP isn't alone in the pits of having no bitcoin.

all may have different opinions and have views from their side that are impossible for others to know, so what people think obviously will not be the same as what we might experience and that is a natural thing.

many argue that hold is the best thing that can be done, maybe because he does not want to achieve to trade with which may experience risks that are not what he wanted. but there are those who prefer trading rather than holding for a long time.

We must admit that at this time, if you look at the movement of each coin, it is very clear that it is very good to trade. because the difference is very attractive, but there are those who are afraid of doing it wrong, so everyone can do as he wishes.

[anti-dot]

The reason that hodling is good is because bitcoin price is proven to go up in the long-term and not hodling will only result in regret and FOMO because you didn't trust bitcoin to go up in the long-term and then you will make a thread in this forum about how you regret not hodling bitcoin when it was still cheap and then others will reply trying to tell you that it is okay but deep inside they think that you deserve it.

T
OP doesn't think that way, he/she is pretty stupid to think that hodling isn't a viable strategy. I don't get the point of OP's post that it is not a necessity to hodl bitcoin or trade it which is essentially the only thing that you can do for now, either OP has a weak hands that hodling isn't viable for OP or OP wants other people to do what he/she did so OP isn't alone in the pits of having no bitcoin.

all may have different opinions and have views from their side that are impossible for others to know, so what people think obviously will not be the same as what we might experience and that is a natural thing.

many argue that hold is the best thing that can be done, maybe because he does not want to achieve to trade with which may experience risks that are not what he wanted. but there are those who prefer trading rather than holding for a long time.

We must admit that at this time, if you look at the movement of each coin, it is very clear that it is very good to trade. because the difference is very attractive, but there are those who are afraid of doing it wrong, so everyone can do as he wishes.

As we can see right now holding can be so stressful. You should have some rules in place for yourself in order to manage your holdings in a way that are to too much stress. Don't hold onto everything, sell some, hold some, and that is a healthy middle way.

[Alert31]

Holding to earn, trading to earn. Both holding and trading has one purpose "to Earn". If you have bitcoin or Ethereum better to hold for long term investment to earn huge profit because that two digital currency will grow more in the future. But in trading, I choose to trade altcoins for short term. It is good to trade good altcoins because it also give you a huge profit in a short period of time.

[elisabetheva]

Holding to earn, trading to earn. Both holding and trading has one purpose "to Earn". If you have bitcoin or Ethereum better to hold for long term investment to earn huge profit because that two digital currency will grow more in the future. But in trading, I choose to trade altcoins for short term. It is good to trade good altcoins because it also give you a huge profit in a short period of time.

The two coins that you said are still the best to date and I agree that you really intend to invest and hold them for a long time because the two coins are very good and reliable until now. all admit it and cannot escape it.

but actually a few days ago bitcoin was also very good for day trading, because from time to time there was always a difference in the movement between up and down, so that it was able to generate a decent profit. the problem is that it takes a lot of funds to be able to do daily trading for bitcoin. besides if we trade with altcoins the possibility of absorbing funds is not too much, so keep that in mind but there are also many good altcoins that are used as day trading.

I agree with you that whatever we do whether it is trading or storing it is just as good, the most important thing is what coin placement we will make to do that.

[lixer]

Holding to earn, trading to earn. Both holding and trading has one purpose "to Earn". If you have bitcoin or Ethereum better to hold for long term investment to earn huge profit because that two digital currency will grow more in the future. But in trading, I choose to trade altcoins for short term. It is good to trade good altcoins because it also give you a huge profit in a short period of time.

I have tried this and I will tell you the problem I have faced with holding coins.

1- All the time I was looking at the prices of my coins I hold.
2- I was feeling irritated because I had nothing to do and even if I try and focus on something else, I would have my mobile with me to check the prices all the time ultimately I cannot focus on anything.
3- Within a few months I start feeling mad and I used to get sad when coins were dropping which also led me to take some days off from my office.

I think all this happened because I just invested too much and hence I was worried all the time. People who hold must have a lot of money or they are made of rock that they don't budge even when prices are dropping.

[TheGreatPython]

Hodling is risk free though, OP probably has a little patience that a long-term investment isn't good for OP, did you expect that when you get in the cryptocurrency market, you are going to make it big really fast? Are you frustrated that you sold at a loss and now you want other people to withdraw their hodlings so they can join you and bathe in misery?

Exactly what I was also wondering because the growth in BTC over the last few years has been enough for anyone to hold their coins for a year and sell them. I don't think you can earn profits anywhere close to that in any venture you invest. The expectation of people when they invest in bitcoins, I think, is to multiply their investment 10x within a week. This is also why futures trading is so popular now because people want to become rich overnight and have lost their patience.

I have a friend recently who lost around 18k USDT during the crash because he was trading in futures and held BNB and the market crashed just so bad that he lost all he had earned over the years. When I asked him why he even was doing futures when he had a mammoth capital of 18k himself, he told me because he can easily earn 1k in futures within a few days and sometimes hours.

[Kopetunto]

Holding to earn, trading to earn. Both holding and trading has one purpose "to Earn". If you have bitcoin or Ethereum better to hold for long term investment to earn huge profit because that two digital currency will grow more in the future. But in trading, I choose to trade altcoins for short term. It is good to trade good altcoins because it also give you a huge profit in a short period of time.

yes you are right, because in altcoin we can indeed choose many tokens or coins that are still cheap.
or the price is smaller than bitcoin, but if you say that the fluctuation is lower it is wrong, because all crypto currencies have high volatility

[zanezane]

Well, that's pretty stupid calling bitcoin a relic of the past even though the price says so otherwise and to everyone who sees this, do not be deceived with the title, you can still hodl bitcoin and it will be much better because the prices that it can go up is really high compared to altcoins that you might be risking your investment and ending up with nothing.

[Alexmagn84]

Bitcoin then we do regard that yet doesn't imply that those expressions of yours would truly be commonly ready to persuade out individuals who had been supporting and having positive perspectives about bitcoin potential in longer angle. That is the reason it is smarter to hold anyway the sum that we can bear to lose. Also, I am certain that Bitcoin will get another opportunity to better constantly cost again later on.

[irsykes]

Well, holding and trading, it is each person's style and as long they can get profit with it, i don't think it it bad thing to do. I mean maybe OP only warned us about bitcoin's risk, and change to ETH but like what people's said, bitcoin has plus and minus value, altcoins has plus and minus value, any kind of strategy in trading also have plus and minus value. So if it can give us profit and we really good at it, just choose anything that we want.

[livingfree]

Bitcoin then we do regard that yet doesn't imply that those expressions of yours would truly be commonly ready to persuade out individuals who had been supporting and having positive perspectives about bitcoin potential in longer angle. That is the reason it is smarter to hold anyway the sum that we can bear to lose. Also, I am certain that Bitcoin will get another opportunity to better constantly cost again later on.

During the days of correction.

Owning bitcoin is the smartest choice. If it came from the lowest price then that means that you have bought the dip and it's very important that you had bought it because it balances your portfolio.

And don't listen to any negativity that you can hear in the community and Internet, hold bitcoin no matter other says.

[cheezcarls]

I want to share some thoughts about the reasons why HODLing Bitcoin is risky, and why you don't need to build any TA strategies for trading Bitcoin.

First: why not to HODL Bitcoin?
HODLing require from you to hold long position for years. You assume that the price will go up long-term. But why it should go up? General reason for that assumption is that many and many people, enthusiasts, developers, investors, organizations of the whole world get to recognize Bitcoin more. This results to encreasing money flow and price. But in essence, what Bitcoin exactly can give? Of course, decentralizaton, self emission, a bit privacy. But Bitcoin lack some features, that other cryptocurrencies have. Bitcoin can't give people enough transaction speed and convinience. Bitcoin can't give developers convinient methods to build applications. Bitcoin can't help organizations and investors get rid of the fear that this is all just a bubble.
Bitcoin is important step to revolution of the whole financial system, but not the last. It exists now, because not many people understand that Bitcoin is relic of the past. Ethereum is much more promising than Bitcoin with it's smart-contracts. HODL Ethereum not Bitcoin, when the disaster comes, Bitcoin won't survive.

Second: why not to trade Bitcoin?
How are you predict price of Bitcoin? TA indicators?
Ranges? Support/Resistance? Price action? Candle patterns?
We all know about bad statistic of these tools. Almost anyone can't say why they using RSI, MACD, MA, CCI, Bollinger bands and other indicators. Why tringle pattern should end in desired direction? How these tools can help you predict, statistically unpredictible price? Price doesn't owe you something.
Price drives by big speculators, sharks, whales, market makers and other monsters of crypto ocean. They are trying to eat each other. Doesn't you noticed that Bitcoin pumps when new antminer ASICs are sold? You think that Elon Musk that smart to buy Bitcoin? He's smarter! Hype of Bitcoin is rising, why not to sell Tesla cars for Bitcoin?
But just a quick and realistic glance at the Bitcoin price chart of last several months gives clear vision of situation:PUMP!. And what happens after pump? Have someone an answer? Sit down, take A+, of course a DUMP!
You need to have insider info. With that, you'll get more chances. Or be the shark, while this almost impossible.
You can keep trading TA of course, scalping works in every market. But how many succeded traders do you know? Those youtubers? They get money from traffic, adverticement and affiliate programs, not from your success.
If you don't beleave in the future of cryptocurrencies, just want to earn some paper money, then HODL Ethereum or speculate with top altcoins with high liquidity and volatility.

Tell me your opinion.

Edit;
For better understanding of topic, you need to read all replies, cause there are some clarifications regarding this topic.

And what is your best suggestion rather than holding and trading? To quit Bitcoin and this entire crypto industry? Although everyone has their own opinion and we respect that, but I disagree about your statement on why we should not hold or trade BTC. Our goal is simple, to make money. So either holding or trading, we make money but no astronomical guaranteed returns.

Yes I hold Ethereum since last year and I’m glad that you are trying to encourage the community here. But you can’t disrespect the almighty Bitcoin. Do you think Ethereum would ever exist without Satoshi Nakamoto creating Bitcoin? You should be thankful instead.

[Yamifoud]

Well, that's pretty stupid calling bitcoin a relic of the past even though the price says so otherwise and to everyone who sees this, do not be deceived with the title, you can still hodl bitcoin and it will be much better because the prices that it can go up is really high compared to altcoins that you might be risking your investment and ending up with nothing.

I'm going to believe that OP is just playing us, trying to catch people who are weak and those who could still stand even during the crisis.
People who believe and entrusted Bitcoin for the future, don't mind it for sure but for those who still don't understand the volatility of this coin will surely get pranks.
As we know that trading and holding are the way to make money from here and that that will be the reason also why crypto exists. Because if this is only nonsense, nobody will take this.

[Xinarae*]

Bitcoin and Ethereum are both good assets and if you keep on saying that ethereum is better than bitcoin then why would ethereum cant take over the value of bitcoin, Bitcoin is more decentralized than ethereum so what you are talking about? You also said that it is better to hold ethereum than holding bitcoin, I don't know why you keep trusting Ethereum over bitcoin, bitcoin already prove itself to a lot of people, bitcoin is now used as a means of payment in many companies.

Yes bitcoin is the best currency to hold depending on the price of bitcoin the price of ethereum and other altcoins increases. Ethereum is the best of all cryptocurrencies but bitcoin tops all currencies in the crypto market. Bitcoin is more profitable for long term investments why not trade in that currency and move forward with faith.

[anti-dot]

Bitcoin and Ethereum are both good assets and if you keep on saying that ethereum is better than bitcoin then why would ethereum cant take over the value of bitcoin, Bitcoin is more decentralized than ethereum so what you are talking about? You also said that it is better to hold ethereum than holding bitcoin, I don't know why you keep trusting Ethereum over bitcoin, bitcoin already prove itself to a lot of people, bitcoin is now used as a means of payment in many companies.

Yes bitcoin is the best currency to hold depending on the price of bitcoin the price of ethereum and other altcoins increases. Ethereum is the best of all cryptocurrencies but bitcoin tops all currencies in the crypto market. Bitcoin is more profitable for long term investments why not trade in that currency and move forward with faith.

I am not sure I get what you are saying? Bitcoin tops all currencies in the market, but in what sense? It is more profitable? Those times are long over. Congratulations to DOGE holders right?

[Hypnosis00]

Bitcoin and Ethereum are both good assets and if you keep on saying that ethereum is better than bitcoin then why would ethereum cant take over the value of bitcoin, Bitcoin is more decentralized than ethereum so what you are talking about? You also said that it is better to hold ethereum than holding bitcoin, I don't know why you keep trusting Ethereum over bitcoin, bitcoin already prove itself to a lot of people, bitcoin is now used as a means of payment in many companies.

Yes bitcoin is the best currency to hold depending on the price of bitcoin the price of ethereum and other altcoins increases. Ethereum is the best of all cryptocurrencies but bitcoin tops all currencies in the crypto market. Bitcoin is more profitable for long term investments why not trade in that currency and move forward with faith.

I am not sure I get what you are saying? Bitcoin tops all currencies in the market, but in what sense? It is more profitable? Those times are long over. Congratulations to DOGE holders right?

Maybe we can say that Bitcoin is not profitable compared to some altcoins at this time, Bitcoin doesn't pump by x100, unlike altcoins but to know which one is more sustaining, no altcoins can do it.

Thanks for pointing out Dogecoin...are these people are profiting? It looks like you got fooled by Elon Musk and keep following him. I suggest to you that you better sold your Doge if you still have, never waits that it become dead just like before. Doge could be in great now but wondering if it will able to sustain for a couple of months.

[coiner-88]

Bitcoin then we do regard that however doesn't imply that those expressions of yours would truly be regularly ready to persuade out individuals who had been supporting and having positive perspectives about bitcoin potential in longer angle. That is the reason it is smarter to hold anyway the sum that we can stand to lose. What's more, I am certain that Bitcoin will get another opportunity to better constantly cost again later on.

[Twinscoin2017]

Bitcoin then we do regard that however doesn't imply that those expressions of yours would truly be regularly ready to persuade out individuals who had been supporting and having positive perspectives about bitcoin potential in longer angle. That is the reason it is smarter to hold anyway the sum that we can stand to lose. What's more, I am certain that Bitcoin will get another opportunity to better constantly cost again later on.

I agree on that it is really smart to hold than nothing. We can really gain in holding, if we are going to look at the bitcoin price we can see that bitcoin is really a good coin to hold based on its price from 2018 till present , big profit comes when we have patience and hold, the only reason why some people get loss is the lack of patience and trust, however we cannot really blame them for crypto is not stable.

[Desscount]

for those who work and are busy, I think there is no need to trade, only hold crypto currencies that you really like,
with a saving system you can also do it, yes when you pay, set aside 10% or 50% to buy crypto currency,
and buy it enough Just waiting for the price to dump, don't be greedy, take this opportunity or opportunity as a foothold for your investment

[newdevices]

Bitcoin then we do regard that however doesn't imply that those expressions of yours would truly be regularly ready to persuade out individuals who had been supporting and having positive perspectives about bitcoin potential in longer angle. That is the reason it is smarter to hold anyway the sum that we can stand to lose. What's more, I am certain that Bitcoin will get another opportunity to better constantly cost again later on.

I agree on that it is really smart to hold than nothing. We can really gain in holding, if we are going to look at the bitcoin price we can see that bitcoin is really a good coin to hold based on its price from 2018 till present , big profit comes when we have patience and hold, the only reason why some people get loss is the lack of patience and trust, however we cannot really blame them for crypto is not stable.

Holding is one of the good decisions and if we have the right strategy of course it will make a profit,
bitcoin is unquestionably the future and as you said we can see the price till now bitcoin is the king of crypto,
what is clear in holding bitcoin we have to be patient

[DoublerHunter]

Bitcoin then we do regard that however doesn't imply that those expressions of yours would truly be regularly ready to persuade out individuals who had been supporting and having positive perspectives about bitcoin potential in longer angle. That is the reason it is smarter to hold anyway the sum that we can stand to lose. What's more, I am certain that Bitcoin will get another opportunity to better constantly cost again later on.

I agree on that it is really smart to hold than nothing. We can really gain in holding, if we are going to look at the bitcoin price we can see that bitcoin is really a good coin to hold based on its price from 2018 till present , big profit comes when we have patience and hold, the only reason why some people get loss is the lack of patience and trust, however we cannot really blame them for crypto is not stable.

Holding is one of the good decisions and if we have the right strategy of course it will make a profit,
bitcoin is unquestionably the future and as you said we can see the price till now bitcoin is the king of crypto,
what is clear in holding bitcoin we have to be patient

^ Because holding is the safest way than trading, there is nothing to lose until you will be decided to sell your coin, if that is under the price from which you purchased your BTC, that is a loss, but if that is higher from which your purchase, it would have a potential to gain profit of course. So for now, it is your call if when you sell your coin, at the right time or during the dip, and accept your loss. Nevertheless, on the other side, if you are good at technical analysis or even fundamental analysis, trading is good for you. All of these are depending on your skills.

[Dadan]

for those who work and are busy, I think there is no need to trade, only hold crypto currencies that you really like,
with a saving system you can also do it, yes when you pay, set aside 10% or 50% to buy crypto currency,
and buy it enough Just waiting for the price to dump, don't be greedy, take this opportunity or opportunity as a foothold for your investment

Even with work you can still trading like normally just set a scheduled time for it, I have a regular job in the morning and when it's an evening I always check my assets if I gain profit or loss.
There is some website/app that offers a service for those who want to check their asset with some data included about the coins you invested. It's something like a portfolio. I've one on my phone too, it's easy for me to see my all assets.

[anti-dot]

Bitcoin and Ethereum are both good assets and if you keep on saying that ethereum is better than bitcoin then why would ethereum cant take over the value of bitcoin, Bitcoin is more decentralized than ethereum so what you are talking about? You also said that it is better to hold ethereum than holding bitcoin, I don't know why you keep trusting Ethereum over bitcoin, bitcoin already prove itself to a lot of people, bitcoin is now used as a means of payment in many companies.

Yes bitcoin is the best currency to hold depending on the price of bitcoin the price of ethereum and other altcoins increases. Ethereum is the best of all cryptocurrencies but bitcoin tops all currencies in the crypto market. Bitcoin is more profitable for long term investments why not trade in that currency and move forward with faith.

I am not sure I get what you are saying? Bitcoin tops all currencies in the market, but in what sense? It is more profitable? Those times are long over. Congratulations to DOGE holders right?

Maybe we can say that Bitcoin is not profitable compared to some altcoins at this time, Bitcoin doesn't pump by x100, unlike altcoins but to know which one is more sustaining, no altcoins can do it.

Thanks for pointing out Dogecoin...are these people are profiting? It looks like you got fooled by Elon Musk and keep following him. I suggest to you that you better sold your Doge if you still have, never waits that it become dead just like before. Doge could be in great now but wondering if it will able to sustain for a couple of months.

No, not at all, I don't own Dogecoin yet I am observing it because it is surely a phenomenon. We can say that with certainty. But saying Bitcoin tops it all and is the most profitable is just not true at this point anymore. It has nothing to do with Bitcoin's status and its qualities, it is just an assertion of how the situation right now is.

[Lanatsa]

Bitcoin and Ethereum are both good assets and if you keep on saying that ethereum is better than bitcoin then why would ethereum cant take over the value of bitcoin, Bitcoin is more decentralized than ethereum so what you are talking about? You also said that it is better to hold ethereum than holding bitcoin, I don't know why you keep trusting Ethereum over bitcoin, bitcoin already prove itself to a lot of people, bitcoin is now used as a means of payment in many companies.

Yes bitcoin is the best currency to hold depending on the price of bitcoin the price of ethereum and other altcoins increases. Ethereum is the best of all cryptocurrencies but bitcoin tops all currencies in the crypto market. Bitcoin is more profitable for long term investments why not trade in that currency and move forward with faith.

I am not sure I get what you are saying? Bitcoin tops all currencies in the market, but in what sense? It is more profitable? Those times are long over. Congratulations to DOGE holders right?

Maybe we can say that Bitcoin is not profitable compared to some altcoins at this time, Bitcoin doesn't pump by x100, unlike altcoins but to know which one is more sustaining, no altcoins can do it.

Thanks for pointing out Dogecoin...are these people are profiting? It looks like you got fooled by Elon Musk and keep following him. I suggest to you that you better sold your Doge if you still have, never waits that it become dead just like before. Doge could be in great now but wondering if it will able to sustain for a couple of months.

No, not at all, I don't own Dogecoin yet I am observing it because it is surely a phenomenon. We can say that with certainty. But saying Bitcoin tops it all and is the most profitable is just not true at this point anymore. It has nothing to do with Bitcoin's status and its qualities, it is just an assertion of how the situation right now is.

People are really that badly blinded with that Dogecoin hype which it did result into those kind of decisions and even myself was observing for the price situation when the hype is over.There are really differences in between Bitcoin and other altcoins when it comes to potential.

Altcoins as surely serve as an alternative but we should really be careful on dealing with it because not all coins would really be having that potential.

Bitcoin is primary choice but it seems people are really doing lots or sorts of things for them to exchange it back again on BTC form.Therefore,
main demand or interest will surely stick into this one no matter what.

[Hypnosis00]

No, not at all, I don't own Dogecoin yet I am observing it because it is surely a phenomenon. We can say that with certainty. But saying Bitcoin tops it all and is the most profitable is just not true at this point anymore. It has nothing to do with Bitcoin's status and its qualities, it is just an assertion of how the situation right now is.

A good thing to you then, Dogecoin will surely dump sooner or later.

Anyway, we can't deny that Bitcoin could remain profitable but for some cases, actually, for the Bullish season, people had to choose altcoins (some) for a reason that they can make huge money than Bitcoin. Many had taken this advantage, I know they are doing right but could be just for a while. As a trader, we need to be wise and practical, we need to take the best chance before we miss it, that is how we survive and succeed.

[martina14]

If I just only have a lot of money I will surely buy Bitcoin then hold in the long terms 100%. But that's not my real status I am not belong to the rich people. Because being rich or have a lot of money is an advantage to hold Bitcoin. But Altcoins is there for us to earn still in Bitcoin, In fact, it will be faster to earn Bitcoin if we go through with the altcoins and this most of the time did by the community traders here in the forum.

[iamsheikhadil]

So basically you just said why ethereum is better than Bitcoin in some respects and sectors, well, there's nothing wrong in it, but the accusations or flaws you mentioned about Bitcoin like market manipulation, they don't happen to alt coins? Just like what happened with Doge, it can happen with any coin and yeah, the top richest people do have great influence over it. But we can't do nothing, except wait for the price to go up and not sell in panic, at the least. I do get what you are saying but that's not enough to convince someone not to hold or trade it completely

[Alisha-k]

Trading cryto is worth the attempt. No investment guarantees you 100% profit so is cryto trading but once you understand your personal strategy and develop on it you keep your profit on a constant flow. Metals and indices also have high volatility and people still trade them how much more cryto. Between holding and trading I feel it's the choice of every individual and what such thinks about crypto generally.

[yohananaomi]

Trading cryto is worth the attempt. No investment guarantees you 100% profit so is cryto trading but once you understand your personal strategy and develop on it you keep your profit on a constant flow. Metals and indices also have high volatility and people still trade them how much more cryto. Between holding and trading I feel it's the choice of every individual and what such thinks about crypto generally.

I think it is true what you say that every individual certainly has a different mindset in responding to what will be done, because based on their experience they can also determine what will be done. so whatever is desired, of course, cannot be equated with one another.

crypto is clearly very profitable compared to other investments, but does he want to do day trading or does he just want to hold on when the price increases and then sell. all clearly have actions that they think are good because they are often done. For those who are familiar with trading, obviously they prefer to do it even with no small risk, but they want to do it because they feel that what they are doing is what they know and not necessarily that they are happy just to hold it, and vice versa, those who like to hold back will do the same thing.

[Benefactor]

Bitcoin then we do regard that however doesn't imply that those expressions of yours would truly be ordinarily ready to persuade out individuals who had been supporting and having positive perspectives about bitcoin potential in longer viewpoint. Telling that bitcoin is only an air pocket is by all accounts a misrepresentation of the truth and nobody would have faith in it any longer except if it comes from a specialist in financial matters that truly don't care for bitcoin.

[MusaMohamed]

I can not understand the title. "Don't need to HOLD or trade Bitcoin" so what to do if you do neither hold nor trade?

Bitcoin then we do regard that however doesn't imply that those expressions of yours would truly be ordinarily ready to persuade out individuals who had been supporting and having positive perspectives about bitcoin potential in longer viewpoint. Telling that bitcoin is only an air pocket is by all accounts a misrepresentation of the truth and nobody would have faith in it any longer except if it comes from a specialist in financial matters that truly don't care for bitcoin.

Bitcoin is the perfect cryptocurrency to hold if you buy it from your money. And if you don't have plan to use that capital in next 4 to 10 years. Then you are free to invest and free from pressure of daily expense or ugent need calls.

Hold your bitcoin and enjoy halvings, fomo every four years. I believe if you can be disciplined and do it, your capital will increase many folds very easily.

When you hold bitcoin, store it in non custodial wallet as Electrum. Back up mnemonic seed of your wallet.