The power of Bitcoin HODLing

[maydna]

~snip~

So, we should learn to HODL. HODL terms suite for those who don't know how to trade for profit. Being a true HODLers you should completely devote yourself into investment and not sell. If you hold, it will be like winning the lottery in slow motion. Holding might take long but it's worth it.

Hold can give people a chance to profit in the future, especially if they can't learn more about trading or don't have much time to learn to trade. But that can make them feel bored to see the price is not moving anywhere, and they can sell the bitcoin because of bored.

~snip~

Having a billion dollars in crypto is a huge deal for Tesla, if you think that they are not worried about it you are crazy, it is a lot of money, can you imagine how much more business they could do with that? Instead they are keeping it on bitcoin and yes they did make some profit from it but they may have failed as well, so they are very lucky with this situation.

It is the same as anyone that has very little amount of money but invests anyway, because at the end of the day if you are not sure about what you are doing, you will feel panic but if you know what you are doing and trust your investment that means you have nothing to worry about. Obviously speaking we are not in anywhere near those 1+ billion dollar levels but we do not need to be there to actually understand what those people are feeling because everyone has their own investment worth to them.

If they already decide to invest in bitcoin, they will research and make sure they can accept the risk of fluctuating the price. I am sure they invested in bitcoin a long time ago, but they don't tell people about that. They make a crowd this year because they want to get more attention from people, and we see that big company follow their step to invest in bitcoin.

The important thing that we must have when we invest in bitcoin constantly is we don't always check the price moves, and we should not think about the current situations with bitcoin to minimize the panic feeling. We can buy in weekly and hold it and do that continuously until we reach the timeframe that we made. And when we reach the timeframe and the price suddenly increases so high, we can sell it at once or separately to profit.

[janggernaut]

HODL isn't an easy thing to do. Most of people don't even HODL actually. The real HODLer is never sell any of your coin, despite how bad the news on market, dump on market, or anything else. You simply don't care about those news and just keep HODL your coin.
If your coin already made your 10x or 20x profit for you, you must be gotta sell it ASAP. Just simply buy and HODL your coin for 1-5 years isn't even HODL, that just investing.

[Reatim]

Trading has a risk and it is otherwise with investing. I bet there is no one who still hold their bitcoin since 2010 ago, they will sell their bitcoin when its price touched $1000, $10.000 or $20.000 because the profit that will get will certainty high.

Lol there are some Post that shows their Wallet that still Holds from 2010 and Yes there are still a Legit HODLER as what we called.

You can't imagine when you buy bitcoin 2010 ago when its price just $1, by $100 you will have 100 bitcoin it means when bitcoin price touched $1000 you fund will be $100.000, so I don't believe you will still hold it.

Those who can afford to Hold for that long time and has a Good living capability , then what's the reason why they Need to sell when they already saw the Greatness of This currency.

As for trading, indeed it is quite risk especially now when many features coming up. Especially using leverage I guess for those who just guessing the market movement will lose their money for a second. So, it is depend on your knowledge to bitcoin, you will get money either from trading or investing if you can manage it.

But if you can still Hold for another years then profit will surely comes our way.

[isaac_clarke22]

I had attempted to trade back then with BTC with various altcoins and it did not go well for me.
As long as I saw those losses, I pulled back my funds and did stop loss.
Never did it again, although I could be learning a lot more from that experience, it isn't just worth my time.

[Wilhelm]

True HODL is done on a safely stored cold wallet.
This makes the act of selling a laborious task preventing panic selling...

[Sithara007]

HODL isn't an easy thing to do. Most of people don't even HODL actually. The real HODLer is never sell any of your coin, despite how bad the news on market, dump on market, or anything else. You simply don't care about those news and just keep HODL your coin.
If your coin already made your 10x or 20x profit for you, you must be gotta sell it ASAP. Just simply buy and HODL your coin for 1-5 years isn't even HODL, that just investing.

Normally we don't plan our investment like that. If I had purchased Bitcoins in 2018 for $3,500 per coin, then I would be having a specific target price (such as 10x - $35,000 or 20x - $70,000). I will be selling all or part of my coins once this target is achieved. On the other hand, very few of the investors would take time period as a target. No one invests in cryptocurrency and makes a target to hold for a specific period, such as 5 years or 10 years. It simply doesn't make any sense.

[blckhawk]

HODL isn't an easy thing to do. Most of people don't even HODL actually. The real HODLer is never sell any of your coin, despite how bad the news on market, dump on market, or anything else. You simply don't care about those news and just keep HODL your coin.
If your coin already made your 10x or 20x profit for you, you must be gotta sell it ASAP. Just simply buy and HODL your coin for 1-5 years isn't even HODL, that just investing.

I partly agreed with your statement that holding is sure difficult to pull off especially if you cannot control your emotions. Upon holding you must not be swayed by bad news and small pumps, the reason why we hold is that we want to achieve something big not just a small profit but if you got swayed by little changes that won't be called a HODL anymore, perhaps it is more like a trade or something. However, regarding your last statement, I don't think HODL doesn't work that way where you set a specific time for you to call it a HODL because I believed that HODL is about setting a huge goal or target maybe like a 10x profit or more regardless of how much time you hold it.

[Golftech]

I had attempted to trade back then with BTC with various altcoins and it did not go well for me.
As long as I saw those losses, I pulled back my funds and did stop loss.
Never did it again, although I could be learning a lot more from that experience, it isn't just worth my time.

Mostly happened to everyone, trying to work with your trade but don't have the patience to

hold and wait after seeing some losses. You have to realize that the market is very volatile

without sincere patience you'll lose eventually. If you choose to move forward better to learn

from those past mistake.

[AliMan]

Hodling currencies in the long term is safer than trading currencies and losing some trades. when trading, you face many penalties and risk your money and you may make profits or may lose them, Hodling is good for those who don't have enough trading experiences.

That's a good strategy than taking some luck with day trading, because the assurance of long term holding is bigger. On my previous activities I don't really have a good profit due to wrong decisions made, I failed on the value which I think profitable to sell. That had put me into panic buying, and then depreciated my holdings quantity. I should've done wrong placement of orders to avoid frustrations.

[Dave1]

Hodling currencies in the long term is safer than trading currencies and losing some trades. when trading, you face many penalties and risk your money and you may make profits or may lose them, Hodling is good for those who don't have enough trading experiences.

Yes, holding is safer, specially if you don't have the experience yet to trade. But for some, this is boring, and for others, they want to trade but the risk is too high. So it's everyone choose, to either hold or trade.

I'm sure that those who trade really knows the risks, but at least we can try, and if it doesn't fit, then we can switch back to the old and traditional way of investment, - hold as long as you can.

[ipanks]

The power of bitcoin holding will give you the biggest reward in the future. If you already buy bitcoin for a long time, especially bought bitcoin at $1 in a huge bitcoin amount, you will become the richest and be one of the world's richest people. But holding bitcoin is not just easy because if you follow the journey of bitcoin, I am sure you will face a panic moment, happiness moment, and many feelings you will get. But if you can hold bitcoin and keep it in your wallet without thinking much about the price, you will not have to face that feeling because you only want to sell bitcoin if you see your target price comes to you.

[tygeade]

The power of bitcoin holding will give you the biggest reward in the future. If you already buy bitcoin for a long time, especially bought bitcoin at $1 in a huge bitcoin amount, you will become the richest and be one of the world's richest people. But holding bitcoin is not just easy because if you follow the journey of bitcoin, I am sure you will face a panic moment, happiness moment, and many feelings you will get. But if you can hold bitcoin and keep it in your wallet without thinking much about the price, you will not have to face that feeling because you only want to sell bitcoin if you see your target price comes to you.

If you have bought bitcoin at that low level, you will probably not be holding right now, there are only a limited number of people who bought bitcoin at 1 dollar or lower and that means we are not going to see much of them hold any longer right now, there wasn't much people involved with bitcoin when it was 10k bitcoin for 2 pizza deal, it was very little amount of people here and almost all of us knew each other and who we were.

In other news if you still keep buying bitcoin for the past 3 years you would still be quite richer today as well, you do not really need a lot of money to make it work, you could just put a bit of money, like 5% of your salary every month into this and you would still be paid very well, that is why I think it is quite obvious that buying bitcoin at any given date is a great choice, doesn't matter if it is today or tomorrow or yesterday, everyone should buy bitcoin and hold.

[acener]

Not hodling means you don't trust Bitcoin even If it has been constantly increasing every year.

Well for other's maybe but there are some who couldn't hold it because they need money and they are forced to convert their BTC into Fiat.
We all have our own reason why we couldn't hold it up till now.

[ipanks]

The power of bitcoin holding will give you the biggest reward in the future. If you already buy bitcoin for a long time, especially bought bitcoin at $1 in a huge bitcoin amount, you will become the richest and be one of the world's richest people. But holding bitcoin is not just easy because if you follow the journey of bitcoin, I am sure you will face a panic moment, happiness moment, and many feelings you will get. But if you can hold bitcoin and keep it in your wallet without thinking much about the price, you will not have to face that feeling because you only want to sell bitcoin if you see your target price comes to you.

If you have bought bitcoin at that low level, you will probably not be holding right now, there are only a limited number of people who bought bitcoin at 1 dollar or lower and that means we are not going to see much of them hold any longer right now, there wasn't much people involved with bitcoin when it was 10k bitcoin for 2 pizza deal, it was very little amount of people here and almost all of us knew each other and who we were.

In other news if you still keep buying bitcoin for the past 3 years you would still be quite richer today as well, you do not really need a lot of money to make it work, you could just put a bit of money, like 5% of your salary every month into this and you would still be paid very well, that is why I think it is quite obvious that buying bitcoin at any given date is a great choice, doesn't matter if it is today or tomorrow or yesterday, everyone should buy bitcoin and hold.

Yes, I remember that story about buying 2 pizzas with 10k bitcoin, and I never thought that was really happening. If that man knows what will happen in the future, he will not use 10k bitcoin to buy bitcoin instead of holding on tight to his bitcoin. But I think he still has some bitcoin or already sold bitcoin at a high price. We never knew who the people who already bought bitcoin at $1 or lower price because they will not tell the public because it is hard to believe that people were.

You know what, I already bought bitcoin from 3 years ago at a low price
And I still held it until now, and I use it for trading to earn more bitcoin. I need money, but it does not mean I should withdraw all of bitcoin at a price now because I believe bitcoin will increase so high. So I still hold it and wait for the next high price.

[Taskford]

Not hodling means you don't trust Bitcoin even If it has been constantly increasing every year.

Well for other's maybe but there are some who couldn't hold it because they need money and they are forced to convert their BTC into Fiat.
We all have our own reason why we couldn't hold it up till now.

We are still on pandemic so expect that not everyone can able to buy since we are in lockdown and people need money for essentials. But eventhough we are in bad shape due to the happenings good thing bitcoin still able to hold its strength so provably we can see more and those hodlers can earn big if they decide to hold.

[wxa7115]

Become a holder is not easy, especially for smallholders, because they need to calm down and not panic, especially if the price is up and down many times. But if they can hold their emotion and wait for more or leave the market after they bought, they can prevent panic.

So if you decide to become a holder, you need to stay calm and don't think much about the bitcoin price fluctuation because that always happens to the bitcoin price. If you have more skills, you can try to increase your bitcoin amount from trading because that is the way that you can do to earn more satoshi.

This is something that is many times ignored and it is true, without a doubt holding your coins is the best strategy over the long term, and while there are some people that can hold their coins without any problem things are never that simple, holding is hard especially if you happen to buy at the wrong time.

There are may people that bought at the end of 2017 and thought the price will keep going up only to endure a huge crash, after that the price did not move much for two years, anyone that still held their coins during that time is probably finding it incredibly easy to hold their coins now but I will not be surprised if only 5% or less were able to do it as the losses those people were forced to suffer were nothing to laugh at.

[Lanatsa]

Become a holder is not easy, especially for smallholders, because they need to calm down and not panic, especially if the price is up and down many times. But if they can hold their emotion and wait for more or leave the market after they bought, they can prevent panic.

So if you decide to become a holder, you need to stay calm and don't think much about the bitcoin price fluctuation because that always happens to the bitcoin price. If you have more skills, you can try to increase your bitcoin amount from trading because that is the way that you can do to earn more satoshi.

This is something that is many times ignored and it is true, without a doubt holding your coins is the best strategy over the long term, and while there are some people that can hold their coins without any problem things are never that simple, holding is hard especially if you happen to buy at the wrong time.

There are may people that bought at the end of 2017 and thought the price will keep going up only to endure a huge crash, after that the price did not move much for two years, anyone that still held their coins during that time is probably finding it incredibly easy to hold their coins now but I will not be surprised if only 5% or less were able to do it as the losses those people were forced to suffer were nothing to laugh at.

Something that do talk about psychological aspect because you would always know that you are holding something behind which means that if you do actively watch the market
on that manner then you would always have the tendency on making out decisions.

Human beings are emotional and once you do saw that your portfolio is on reds then its really hard to resist on not to make any reactions.

[LUCKMCFLY]

Being Hodler has its great advantages, at the moment many are waiting for it to break its historical maximum, when reviewing an article by Cointelegraph they indicate the following:

As long as the price of Bitcoin stays above $58,387 and keeps attempting to break out above $61,188, it would likely see a new record high in the foreseeable future.

and:


Source: https://cointelegraph.com/news/watch-these-key-technical-levels-as-bitcoin-price-nears-61-800-all-time-high

Most market speculation about Bitcon claims that there may be a short-term bullish movement, the important thing is that in two months the price consolidated at $ 58k, this could have created a consolidated wall to resist any bearish attack, Investors will undoubtedly defend the price that is generated from now on, in addition, institutional investment has been very significant, the fact that NFTs are fashionable shows that Bitcoin is the safe investment. Every weekend at the market has become very exciting.

[maydna]

Become a holder is not easy, especially for smallholders, because they need to calm down and not panic, especially if the price is up and down many times. But if they can hold their emotion and wait for more or leave the market after they bought, they can prevent panic.

So if you decide to become a holder, you need to stay calm and don't think much about the bitcoin price fluctuation because that always happens to the bitcoin price. If you have more skills, you can try to increase your bitcoin amount from trading because that is the way that you can do to earn more satoshi.

This is something that is many times ignored and it is true, without a doubt holding your coins is the best strategy over the long term, and while there are some people that can hold their coins without any problem things are never that simple, holding is hard especially if you happen to buy at the wrong time.

There are may people that bought at the end of 2017 and thought the price will keep going up only to endure a huge crash, after that the price did not move much for two years, anyone that still held their coins during that time is probably finding it incredibly easy to hold their coins now but I will not be surprised if only 5% or less were able to do it as the losses those people were forced to suffer were nothing to laugh at.

People who bought bitcoin in 2017-2018 will be happy to see these conditions because they are making a lot of money. Bitcoin price jump to the price now, and they bought bitcoin at $19k-$20k, that is 3 times profit from the first they bought. But if they are weak hand and sell when bitcoin price is below $10k, then that will be the worst decision because they can't make a profit now. I admitted that holding bitcoin from $20k until now is not easy and we can be panic to see the price is up and down, and moreover the price reached $3k as the lowest price a few months ago.

[wxa7115]

This is something that is many times ignored and it is true, without a doubt holding your coins is the best strategy over the long term, and while there are some people that can hold their coins without any problem things are never that simple, holding is hard especially if you happen to buy at the wrong time.

There are may people that bought at the end of 2017 and thought the price will keep going up only to endure a huge crash, after that the price did not move much for two years, anyone that still held their coins during that time is probably finding it incredibly easy to hold their coins now but I will not be surprised if only 5% or less were able to do it as the losses those people were forced to suffer were nothing to laugh at.

Something that do talk about psychological aspect because you would always know that you are holding something behind which means that if you do actively watch the market
on that manner then you would always have the tendency on making out decisions.

Human beings are emotional and once you do saw that your portfolio is on reds then its really hard to resist on not to make any reactions.

This is an interesting point and you are right, when people see that there is something wrong most of the time they try to change things up, this tendency is what causes political and technological revolutions as people get tired of how things are and they decide to change things up, and what better example of this tendency than bitcoin itself.

However there are many instances in which doing something is wrong and the best thing that you can do is to do absolutely nothing and holding is the kind of strategy that requires you to sit down and do nothing, but psychologically speaking this is very difficult because we have a tendency to be problem solvers and once we see that our portfolio is on the red people want to do something about it and holding tells them that they are wrong.