Why you don't need to HODL or trade Bitcoin

[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'.

[1715022418]

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[1715022418]

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[1715022418]

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[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.