Whats the point hodling, if you can't risk it all?

[suzanne5223]

OP while your mancho strategy may work for you. I think its best to cut bad losses before they get worse. One of the mistakes investors make is comparing bitcoins to altcoins. Altcoins are less reliable than bitcoins. Some projects are dead projects with no use cases, no utility. These coins are no good to hodl for the long term if you do you will be shooting yourself in the leg.

Honestly, I also don't see anything bad in cutting losses or taking profit due to the high manipulating scheme that always happens in the altcoin market but it, not all the altcoin that are dead projects because of no use case or utility. I have seen projects that are dead because of no system upgrade.

[Smartvirus]

But before all these things we have to only invest what we beleive that it has potential to show progress in the future so we trust it and take the risk, either it may goes to 100 or zero when it comes to HODL altcoins. Well, I might follow a strategy if the price fell 50% I will not take the risk anymore better I will go with the proven coin which js Bitcoin and make a bet on it for long term.

Yeah and that's why, you could be able to risk it all at times if you haven't prepared a get put plan. I tell you, using Ethereum as an alt, there were others who did have it and quickly sold it off too because, theye weren't just sure of it, had no get put plan and was completely obsessed with bitcoin. Well, an obsession for bitcoin would often yield profit for one who has developed patience for a virtue on hodling but when it comes to alts, it's more of a different story.
I would hate to be one of those that would tell a sad story over some coin I supposedly bought and sold it off. If there wasn't an initial back put plan, I go all the way!

[Rengga Jati]

Hodling could be just as risky as any other technique to crypto trading or investment strategy.

Yes exactly, there is no zero risk
Holding will have higher risks when we don't really know about the future of the assets that we are holding when we pick the wrong cryptos, when the cryptos are only based on hype projects and they promise us about very high price when holding. This will be very risky because we don't really know whether their promise of potential future will be exactly realized or not.
A long term hold for me is just for some certain coins, and Bitcoin is the most recommended asset to hold, followed by ETH and BNB only.
But, we must also consider in  what period or  era we buy the Bitcoin to HODL for a long term period. I personally will prefer to buy Bitcoin when in the bearish era to hold to the next bullish era at last even it is for 5 years.
But if this is still during in the bullish season, I will personally take it as a short holding, or short term investment.

[Mpamaegbu]

Hodling is no simple task, you out to be ready and know that it's a test of patience and it plays with your mind.

Absolutely correct. That's why hodling isn't for anyone who is in the habit of always checking charts and monitoring prices. Otherwise, it will mess one's plans up. Hodling is a patience-driven adventure. Without patience, no one can succeed at it.

I think its best to cut bad losses before they get worse.

That's right, but the issue of knowing when to exit and end the loss isn't a simple one. Every investor tends to consider the, "What if" situation. "What if the token takes a turn into profit immediately I sell?" And this is why you always get to see investors deep in loss before they call it quit. It's never an easy decision.

[aysg76]

Also, 'hodl' never meant that if you're 'hodling' you end up with totally zero risk. 'Hodling' is simply just a better strategy for the large majority, compared to buying in and out of price swings and end up with a lot less coins that they've started with.

From my perception, it's quite understood that without hodling any coin for long time frame and without taking risk measure in cryptocurrency they will be no chance of adventuring into huge profit in cryptocurrency industry, in actual sense it seems that anyone who is hodling coin have already into the risk measure.

If we are into crypto market and have portfolio of different coins we already have the risk taking capabilities because of its volatile nature and i would say all the investment have some degree of risk associated with them until you have invested in some capital guaranteed plan which is more or less given to people who doesn't want any risk at all.So why should we afraid of it in the end?

But as you said risky crypto market there is difference in that which i will explain.Suppose you are holding bitcoin then you have risk that whether it will go up or down but if you consider long term then it's relived or risk is reduced as the amount will grow substantially but if you are holding some useless fake tokens or shitcoins then there is stupidity along with the risk which can be avoided but majority goes with the market flow which is sometimes a trap and you later on feel this part but your funds are lost forever as the coin dumps and lies dead inside your wallets as we have seen many times.

So if you want to take risk avoid taking them over any crypto that will give you no return and will not be able to grow further but will dump.So this should be taken into final call before investing.

[Peanutswar]

It depends on the trader how they will risk their assets. Theres a lot of factors, one of these is because they are confident that this particular coin will rise up and get a good profit and some of them cannot make a pull out due to having too many losses and they are hoping that their money has a chance to come back again and lastly is they want to hold because they don't need that money its all about the risk investment if you got hold great if the price goes up, once you bought and deposit a coin you are already willing to risk.

[Anguwa]

Holding crypto coin is directly proportional to risk taking, once someone can be able to take risk, meaning he/she will be able to hold crypto token until a desire setpoint or desire price is attained.
I am really impressed because today I learn the meaning of HODL, I always refer to holding unknownly but I now know the exact meaning. This forum is indeed a great institution to learn and share ideas.

[tvplus006]

If investing in cryptocurrencies is for you an alternative to placing your funds in a real bank, then hodl in this case is the right decision. But in any case, it is necessary to choose the right coins for a long-term hold, since the ultimate goal of any hodl is to get a profit.

[TelolettOm]

In my opinion, holding is also risky. Everything we do in the crypto world and also daily life will always require and involve any risks and we cannot avoid this. What we can do is by minimizing getting the risks.
As one of the ways of holding coins. I think that the idea of holding must be related to what coins to hold, whether the coins are pribably still promising for the future or not. If we are holding shitcoins, it means that the possibilities of losing the assets are very high. It is different if we are holding Bitcoin or ETH or BNB that may give more chances to survive in the future.
And once more, holding for me is around certain period, and I will take profits when my target is reached and them buying again in certain rate to hold in certain period again.

[coinism]

There's a reason why bitcoin still is the most recommended cryptocurrency to 'hodl', simply because it has one of the best risk/reward assets today. 99% of cryptocurrencies are simply not for long-term 'hodling' for obvious reasons.

Also, 'hodl' never meant that if you're 'hodling' you end up with totally zero risk. 'Hodling' is simply just a better strategy for the large majority, compared to buying in and out of price swings and end up with a lot less coins that they've started with.

HODLing for indefinite period is not a good strategy. There are people who are still HODLing bitcoin to reach 100k hallmark, despite the fact they have bought bitcoin at 20k and 30k. Crypto day trading is not as easy as it look like, there are very few crypto traders in profit that buy in and out of price swings. Majority of such traders are in loss.

[Poker Player]

Whats the point hodling, if you can't risk it all?

The point is to have more profits and less risk than with your mentality of playing roulette.

In my case I focus only on Bitcoin, which I am sure is going to be more profitable than 99% of shitcoins in the next few years if not 100%. But mainly I focus on Bitcoin because it is decentralized, limited in nature, decreasing in supply, censorship resistant, etc.

So, I'm not thinking about selling, I'm thinking about accumulating. Why on earth would I want to sell the best financial asset in the world? (Or the best currency that is also a financial asset, if you prefer).

Since the creation of Bitcoin, my mentality has proven to be much safer and more profitable than the roulette-playing mentality you have.

[Coyster]

Holding crypto coin is directly proportional to risk taking, once someone can be able to take risk, meaning he/she will be able to hold crypto token until a desire setpoint or desire price is attained.

Even if hodling is obviously a good and long term profitable strategy, mind you that not all coins are meant to be held for the long period, there are short term coins, and that can be said of most/if not all altcoins, thus when you buy such coins you're not expected or meant to hold them for the long term, you should always take profits when you get them and that's because such coins are pump and dump projects and more often than not, if you miss your ROI, you'll prolly not get it again.

Having said that, if you're taking the risk of hodling Bitcoin for the long term, then you're taking a worthy and a wise risk as it's a project that's sustainable for the long term, it's gradually edging towards mass adoption, and if you take a close look at its price history, you'll understand that it doesn't really matter how many correction periods there are in the network, it'll always rise back up again and continue to grow.

[nakamura12]

Maybe it more on a savings if the person who is hodling is hodling a coin that is pegged on fiat like USDT or something like that where if there is a price change it won't affect much. If that person is hodling bitcoin then it is still a risky decision to make like holding long term. Most of the situation if your hodling is always a risky since you know that crypto is risky so either hodling or trading both are risky if ever the price fluctuate. The decision will be based on the crypto you are holding if it's for long term or short term.

[Kelvinid]

Well, some people think that holding makes them profitable in the end. Just like to say that we hold for 5 years and after that we sold them. We can be in huge profit if that day the market is in bullish but if turns to bearish, just a waste of time.

I admit that I hold some but it was just during the bearish season, I'm not in long-term holding as I sell them once we recover and see a profit on my end. Maybe I call myself impatient but I guess it was not as we just look for every opportunity comes and we don't waste much time waiting for nothing.

[KingsDen]

Actually no where is 100% safe.
To hodl had made many financial fortunes. But before you will hold on for your dear life, you have to be sure if what you are holding is worth it.
Does it have enough air in his cylinder to sustain the long journey. For the case of altcoins, I can't actually tell.
But for King Bitcoin, it is almost certain that it is the safest to hodl. No matter the crash, it will rise again.
You only loose when you are tired and quit the market, but for bitcoin, he will be with us for very long time and will continue to hit new ATH.

[qwertyup23]

Holding crypto coin is directly proportional to risk taking, once someone can be able to take risk, meaning he/she will be able to hold crypto token until a desire setpoint or desire price is attained.
I am really impressed because today I learn the meaning of HODL, I always refer to holding unknownly but I now know the exact meaning. This forum is indeed a great institution to learn and share ideas.

This is definitely well-putted. Like what I previously mentioned, every investor has their certain goal on their investments once it reaches a certain threshold of amount that they are willing to risk. The essence is, as long as the investor cashes out his/her investments that is above their initial deposit, then they have the freedom to cash them out depending on their liking or needs.

There is this misconception in HODLing that people should never cash out their investments until an ATH. While this advice may be practiced by most of the people, the truth still remains that a person can freely utilize their investments if they needed the money for something more essential than saving.

[TheNineClub]

Investing is risky, what strategy you choose is not the factor, just a matter of circumstances. No option is better than the other as it's personal preference and the goals you have in mind. Maybe on the surface, long term holding seems to be the more safer option, but, there is still risk in it.

[Woodie]

I believe history as shown us that we can not put all our eggs in one basket because doing so means should this fail then all of our investment goes down the drain and so as a counter measure we have to spread the risk by not going all in into one asset as a risk management mechanism!

Investing is risky, what strategy you choose is not the factor, just a matter of circumstances. No option is better than the other as it's personal preference and the goals you have in mind. Maybe on the surface, long term holding seems to be the more safer option, but, there is still risk in it.

As a matter of fact, as much as we want to go all in into BTC we didn't really anticipate that bitcoin would grow to where it is today.

[nurilham]

How if making Bitcoin a long-term holding and we are going to take profits in some price rates?
I know that most people will be a desire to take profits moreover when they have reached so high profits. Turning into USDT or stable coins and get another time again to buy in a certain period.
Everybody may have different strategies. Not all holders will always be holding, sometimes, the whales and holders will also take profits at certain rates.

But it may be different for the people who are saving money in Bitcoin as an investment maybe for more than 10 or more years later. Or willing to give the assets for heritages for their children several years later

[Smartvirus]

Whats the point hodling, if you can't risk it all?

The point is to have more profits and less risk than with your mentality of playing roulette.

In my case I focus only on Bitcoin, which I am sure is going to be more profitable than 99% of shitcoins in the next few years if not 100%. But mainly I focus on Bitcoin because it is decentralized, limited in nature, decreasing in supply, censorship resistant, etc.

Of course, bitcoin is pioneer cryptocurrency and the most reliable in all cryptosphere. I can't help but hodl a considerable amount of it and still keep adding to my portfolio with every spare income or investment money I earn. Infact, the nature of bitcoin is a wonder of the world for a currency to be in itself an investment. Its something marvelous but again, given the fact that there are shitcoins out there and mixed with those shitcoins are some highly profitable coins too. You can't help but try and acquire a few,  isn't it?

So, I'm not thinking about selling, I'm thinking about accumulating. Why on earth would I want to sell the best financial asset in the world? (Or the best currency that is also a financial asset, if you prefer).

But you just might have sold a sat or even gifted it out. Mark my words and it says, just might and if yes, you just might have sold all that you've have described in the quote right there. Mind you, the purpose of an investment is to make profit and you take profit when you can or is in agreement with yourself and purpose to have made profit. A lot of investors in Bitcoin have done this over the years and still are today. What makes a real difference is the fact that, you never sell all your portfolio. You take as necessary and then, you live it be.

Since the creation of Bitcoin, my mentality has proven to be much safer and more profitable than the roulette-playing mentality you have.

I wouldn't have really put it that way but, I'll go with you on that, that the roulette-playing mentality could be the investment mentality too. Let's look at it this way, in a game of roulette, you either hit an empty cartridge or you get the lead. That states the risk of an investment which is, profit or lose. They are inevitable and with the fact that, bitcoin isn't the only cryptocurrency out there, some investors might want to try there hands on a few. Would you really subscribe to the idea of a sole cryptocurrency in bitcoin, really? A mean, it would be such a thing but, would you really want that, perhaps only paired with fiat's on exchanges and a couple of stable coins...
Not all atcoins are shitcoins and the altcoins market have still got some real value about them!