HODL is the way

[Trojane]

If crypto investing is not paying your bills, then holding on and not selling is the way to go. I mean, why not see where things will go. I understand that some people don't have that luxury and have to withdraw their investments every now end then, but if you don't just hold on to it, this is just the begining. 

Is these what you say?? ..that if crypto doesn't pay your bills for the time being then they aren't useful? No!
That shouldn't be the mindset Op
Remember crypto wasn't created with these huge market price and quality, it took a gradual process to get there and it's from every single sense of patience and rehabilitation that took it there, so at the point it was still in its embryo stage it means if you had a chance to have 12,000 btc's, you would have sold them out at a PEANUT rate , bustling!!

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[tvplus006]

....There are other coins I sold too early for example PYR at 2$ and it's now 9$, though I need the money at the time and my mistakes is I sold all instead of leaving some parts behind

Just holding the coins until the end of their days does not make sense. We need to live for today, having fun, and money will be a good helper for us in this.Therefore, FoMO will be a bad companion for us, preventing us from living fully, reminding us again and again of the lost profit.

[Etranger]

Market has change, unlike before when we used to have a bull run where everyone sell off and start over again but now things have changed, institutional have taken over and wouldn't want to tank price like it do happen in the past.
Now that we have all learn our lessons for selling for a penny, buy now and hold for more years, you will enjoy the benefits of Hodl.

As for me, if you just buy and hold you will surely face a question of time in which you should not sell. This strategy is flawed because it does not foresee the ultimate goal. Thus, you can always think that the price will go up again and again, and this may even be so, but such an investment will not bring any qualitative changes to your life, since you will always postpone the opportunity to use income, considering that it is still few. Therefore, investments must be determined by your own strategy, which is aimed at some price or time, otherwise their results will remain ephemeral and imperceptible.

[Luffygroove]

Well, for some cases HODL is indeed a good way, however, we never know what the futures hold. I have a bad experience withholding my assets back in 2019. I didn't sell my assets at ATH and was greedy wishing for a higher price. I did research carefully about the project until I decided to invest my money there. I saw the team members are doxxed and solid. But I was making mistake thou', I don't know at that time if it was a red flag or not but they changed their direction, and I was too blind to see, I was too confident that they'll take care of our investment or even I was still hoping they could bring us to the previous ATH and they claimed in bankruptcy at the end. My assets were valued at zero in a night.

Well, from this I think I can tell that at least for me, the keyword is not holding but managing the risk. Just like what you said, your mistake is "I sold all instead of leaving some parts behind" while, I held all of them instead of selling some parts at ATH.

[carolynpatterson]

Hodling is a very basic and useful strategy for traders to make money. It can be fruitful in the longer term. However, it can also be risky if you don’t invest in the right crypto coins. Analysis and research is critical.

[worle1bm]

Hodling is a very basic and useful strategy for traders to make money. It can be fruitful in the longer term. However, it can also be risky if you don’t invest in the right crypto coins. Analysis and research is critical.

Exactly holding is the best way only if you are in right coin like btc but it won't help if you are still holding onto the meme coins that have no growth perspective will end up you in zero balance state so holding them is waste of time which should be avoided.

[traderethereum]

Hodling is a very basic and useful strategy for traders to make money. It can be fruitful in the longer term. However, it can also be risky if you don’t invest in the right crypto coins. Analysis and research is critical.

It can be done if they do not intend to make money from trading every day and use it as their additional way.
We know that some people use trading as their main job, which makes them unable to hold longer than the other people.
Maybe they can hold some coins for a long time, but they will sell their coins at any price if they need money.
The risk will always follow, including in the investment that we made before so we need to manage the risk.

[Cryptions]

Can't agree more, just hodl... I once had 101 Bitcoins, which I mined, but sold years ago... Also mined Doge and sold years ago...

[Daniel91]

Hodling is a very basic and useful strategy for traders to make money. It can be fruitful in the longer term. However, it can also be risky if you don’t invest in the right crypto coins. Analysis and research is critical.

It can be done if they do not intend to make money from trading every day and use it as their additional way.
We know that some people use trading as their main job, which makes them unable to hold longer than the other people.
Maybe they can hold some coins for a long time, but they will sell their coins at any price if they need money.
The risk will always follow, including in the investment that we made before so we need to manage the risk.

A friend of mine, who deals with crypto trading, said recently that hodling has become a more profitable and secure way to acquire crypto than trading.
In fact, it is very difficult to be successful all the time in any trading, especially crypto trading.
On the other hand, some long-term growth trends of btc, eth and other major cryptocurrencies can be seen, so it seems easier to hodl the major cryptocurrencies than to trade.

[ReiMomo]

For those who have enough money to mange home's basic expenses, kindly hold for a long term. But to those who really depend on trading profit for their monthly income, then yes try to go for small profit and place orders accordingly. And I would say to those who expect profit monthly, kindly do not borrow and invest in Bitcoin or on any other crypto currencies. Every month may not be the same month for crypto as its volatile.

[passwordnow]

Can't agree more, just hodl... I once had 101 Bitcoins, which I mined, but sold years ago... Also mined Doge and sold years ago...

Lessons are learned the hard way. There's a regretful feeling that those early folks who have held a bunch of bitcoin and altcoins that have good value today.
Well, that's unexpected and if you've made profit on it, there's nothing you can do with that anymore but just to look for another project that looks promising and believe on it and hold.

[NastyGambler]

HODL, HODL and HODL, as hard as this looks this is simply the way, all you need is lots of patience after DYOR on the coins or tokens, if you want to judge HODL just sit back and look at the past coins you sold, see? There will always the kings among them isn't it? Here is my painful experience and lessons

1. In 2016 I had 1million doge coin ( sold in 2019)
2. In 2017 I owned 12 ETH ( sold in 2019)
3. I bought YOUC aka YouEngine over 1million pieces which was 0.0003$ and today it's 0.65$

There are other coins I sold too early for example PYR at 2$ and it's now 9$, though I need the money at the time and my mistakes is I sold all instead of leaving some parts behind

I know your feeling, ive make this stupid mistake when i buy a car this year at april with one eth, and i will never forgive my mistake with this move!

[Etranger]

I know your feeling, ive make this stupid mistake when i buy a car this year at april with one eth, and i will never forgive my mistake with this move!

But you have a car, mate. You shouldn`t underestimate what cryptocurrencies have already given you. You didn’t lose your coins, you exchanged them for what you needed at that moment. Your feelings of regret are based on today's realities, which have changed since you made your decision. But at that time, your decision was justified and took into account the current circumstances. When you regret lost opportunities, it's easy to miss new ones. Therefore, while driving your car with pleasure, you can think about new investments.

[Falconer]

I know your feeling, ive make this stupid mistake when i buy a car this year at april with one eth, and i will never forgive my mistake with this move!

We all agree that guilt always comes late and is undeniable. I can only say that if at that time you were not willing to hold your asset in the long term regardless of whether you needed the money or not then today you have nothing to regret. Take heed that long term holders are the real winners in this investment, but only for cryptocurrencies with potential like bitcoin and some of the best altcoin.

I'm just kidding, if the bitcoin price dump again to $5K (didn't hope that to happen) and most altcoin also experience it in 2022 or 2023, would you be willing to buy a lot and make a long term hold?

[izumikoushiro]

HODL, HODL and HODL, as hard as this looks this is simply the way, all you need is lots of patience after DYOR on the coins or tokens, if you want to judge HODL just sit back and look at the past coins you sold, see? There will always the kings among them isn't it? Here is my painful experience and lessons

1. In 2016 I had 1million doge coin ( sold in 2019)
2. In 2017 I owned 12 ETH ( sold in 2019)
3. I bought YOUC aka YouEngine over 1million pieces which was 0.0003$ and today it's 0.65$

There are other coins I sold too early for example PYR at 2$ and it's now 9$, though I need the money at the time and my mistakes is I sold all instead of leaving some parts behind

Based on my personal experience, because I don't know the price of the coin will go up or down and my limitations can't analyze due to my lack of knowledge about cryptocurrencies. I always look at analyses from youtube and buy coins that will go up in the future. although in reality, expectations do not match reality. The point is patience within ourselves, don't get carried away easily by lust. Because I believe hold is the best way.

[Oshosondy]

Just holding the coins until the end of their days does not make sense. We need to live for today, having fun, and money will be a good helper for us

I will say that is true, it is true because we have some things we need money to do, we buy, make profit, sell some and hold the rest. But this does not still change that truth that holding is the way to make profit, holding can be for more than a year or two. People that hold never lose. Yes it is good to have fun but any dormant money we are having can just be used to hold.

[ReiMomo]

Just holding the coins until the end of their days does not make sense. We need to live for today, having fun, and money will be a good helper for us

I will say that is true, it is true because we have some things we need money to do, we buy, make profit, sell some and hold the rest. But this does not still change that truth that holding is the way to make profit, holding can be for more than a year or two. People that hold never lose. Yes it is good to have fun but any dormant money we are having can just be used to hold.

Its always appreciated to hold for certain years and target a profit. When the target is reached, its really awesome to take them off. Everyone has the aim of certain things. Since many depend on their investment return, we tend to close the trade at minimum profits and use them for the committed expenses. But its not the same with those who have enough to manage their monthly expenses. So holding duration depend on each.

[Kelvinid]

For those who have enough money to mange home's basic expenses, kindly hold for a long term. But to those who really depend on trading profit for their monthly income, then yes try to go for small profit and place orders accordingly. And I would say to those who expect profit monthly, kindly do not borrow and invest in Bitcoin or on any other crypto currencies. Every month may not be the same month for crypto as its volatile.

For the reason that we don't know what will happen in the future and most likely we are not sure that it pumps 2, 3, or 5 years from now, selling at high is still not a bad decision, that was absolutely right. And in fact, we are still in a profit and that was good enough, unless if we sell them at loose ends.

We should never have to underestimate the volatility of the market. We often get wrong because of over speculated price and we mostly got bothered by our emotions that brought us to make bad decisions.

Hold, just hold if we can manage to do it. We also sell if that is needed and we know that we are in profit already. And lastly, we don't need to become greedy.

[Luzin]

Exactly hold is the way, if we rwally pick the right coin. but if we pick the wrong coins based on pump and dump, it is very risky and may not b able to turn our capital.
That is why if we mean to Hold coins, whatever it is, we must analyze surely that the coin will really have big potential and survival in the future, moroever crossing the bearish time and heading to bullish era.
Just watch out, be more careful and wiser whatever we are doing here, for holding or even trading.

Yes, holding coins is difficult. It's hard to choose the right coin. It's hard to keep coins. Analysis is one of the best ways to choose, although sometimes our analysis can also be wrong. But at least it will minimize losses. My experience with holding old coins was due to the price drop, although there were some already profitable but it was my free money. So I'm more confident and don't think too much if one day my coin choice is wrong. 

[AakZaki]

We all agree that guilt always comes late and is undeniable. I can only say that if at that time you were not willing to hold your asset in the long term regardless of whether you needed the money or not then today you have nothing to regret. Take heed that long term holders are the real winners in this investment, but only for cryptocurrencies with potential like bitcoin and some of the best altcoin.

I'm just kidding, if the bitcoin price dump again to $5K (didn't hope that to happen) and most altcoin also experience it in 2022 or 2023, would you be willing to buy a lot and make a long term hold?

Anything can happen but I hope it won't be up to $5K. Of course there will be considerations to buying some Altcoins. My experience buying some altcoins after ATH in 2018 they couldn't grow, dev seemed to go and not take care of their coins. What survives today is one old coin, ETH. Others are even missing and delisting from the market. So how long you hold the coin you have to know when you're finishing. You should pay attention to the long-term prospects of the coin you choose.