Why you don't need to HODL or trade Bitcoin

[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.

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[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?