Why you don't need to HODL or trade Bitcoin

[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

[1714122372]

1714122372

[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.