Lanatsa
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May 10, 2022, 08:49:45 PM |
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Hodl when you buy when the price is low and hold it until the price rises to your liking or target to resell it for a satisfactory profit, and also no matter how long you wait. And as long as you haven't made a big profit, you will continue to Hodl. Hodl is the best way to get a satisfying profit, but it must require strong patience and if you choose bitcoin for Hodl and for the long term nothing is impossible you will definitely get a good profit and most importantly be patient.
HODLING is something on someones preference but we know that there are indeed people who do really keep an eye into the price on where on the time that they had made out some profits in a short time then they will really be having that kind of decision on selling for profits and repeat on the same thing on where the price drops then doing the same basic buying decision and repeat.So its a matter of choice whether you do make yourself a long term hodler or a short time ones but if we do speak on the real thing then having short time decisions earn more than to those people who do hold up for long term.
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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_BlackStar
Legendary
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Activity: 1078
Merit: 1228
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May 11, 2022, 06:31:59 PM |
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I hope you are not a person who looks at the market every few minutes, because everyone holds it differently from traders, Holders and traders are two different things and I don't think they should be the same during a market correction. Holders tend to ignore price volatility but traders will be very active in monitoring the market during corrections. In this case I seem to agree with you. I don't know the reason why holders would sell their assets during a correction, but traders will most likely do it just to secure their capital so they don't lose too much. It all depends on the respective strategy, so even though profit is the goal of both, their targets and behavior in the market will be very different.
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Altryist
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Merit: 1302
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May 11, 2022, 08:07:09 PM |
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Holders and traders are two different things and I don't think they should be the same during a market correction. Holders tend to ignore price volatility but traders will be very active in monitoring the market during corrections. In this case I seem to agree with you.
I don't know the reason why holders would sell their assets during a correction, but traders will most likely do it just to secure their capital so they don't lose too much. It all depends on the respective strategy, so even though profit is the goal of both, their targets and behavior in the market will be very different.
Traders can sell their assets in order to buy them later at a better price and get profit from these transactions. The holder will never do this, because such manipulations are always accompanied by risks, and holders do not need these risks. They are confident in their assets and are waiting for their goals no matter what happens in the market. I don’t worry at all about the bitcoin that I hold, but there are definitely concerns about altcoins.
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milewilda
Legendary
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Activity: 3108
Merit: 1127
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May 11, 2022, 08:28:47 PM |
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When you are a holder then seeing or checking the market very often would might really be affecting your long term goals or perspective specially if you do see that the market is declining then it cant really be avoided not for you to worry since we are just human beings and doesnt really want nor like to see our portfolio is going down then having reactions would be normal but of course when you are experienced enough then you would see these scenario to be the sweet spot for you to get in and this is where decisions really vary on each one of us.
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ninis45
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May 11, 2022, 10:28:41 PM |
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snip...
When you are a holder then seeing or checking the market very often would might really be affecting your long term goals or perspective specially if you do see that the market is declining then it cant really be avoided not for you to worry since we are just human beings and doesnt really want nor like to see our portfolio is going down then having reactions would be normal but of course when you are experienced enough then you would see these scenario to be the sweet spot for you to get in and this is where decisions really vary on each one of us. every decision of the holders is different because this is what makes the difference between them but most of them do that when selling and the decision to buy is something that must be done carefully so that most of the holders make purchases in installments in order to get the lowest price. .. This is where fear and greed are at stake
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Rigon
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May 11, 2022, 11:47:57 PM |
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So I keep hearing HODL, HODL, keep holding and all that. My simple question to everyone is "when is actually the right time to sell Bitcoin or we don't ever sell it"?
How then do we say we have made money from it if we don't sell?
When you make a profit after buying something, you will sell it. And if you have a lot of losses after the purchase, you will hold on.You hold on until your profit is coming.I don't think there should be a long-term hold. I bought a lot of things and held on for a long time. The market grew enough and I made a lot of profit but I didn't sell.Now the market has drawn a lot and I have lost a lot from my original profit. That's why I say if you have a little bit of prophet in something, you will give it up, never hold it for a long time.
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Dumbsize
Newbie
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Activity: 17
Merit: 0
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May 17, 2022, 04:25:47 AM |
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You can trade it at any point, just keep a set goal in mind about how much you want to earn, and it should be fine. Remember, you can only sell once.
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