It's all about HODLing

[Mauser]

Truth be told, hodling crypto currency is more about holding than anything else.
Those who have mastered the art of hodling have made the most money trading or investing in crypto currencies. The most basic skill one should have is HODLing.

Two things can help for a HODL investor, having a strong stomach or a very bad short term memory, either one of those will make sure to not sell early our coins. Buying bitcoins and just forgetting about them is one approach, but it might be better to have a strong stomach and thick skin. A short term drop in prices doesn't mean we lost money, that happens only when we sell the coins. Better to sit out the bear market and wait fot the next bull cycle. Then again this depends also where we bought our coins, investors who bought at 100 or 1,000 USD will not be alarmed right now. Its the investors who bought between 30,000 and 50,000 USD who are worrying the most. It could take some time to reach a new ATH.

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[Luzin]

• First, HODLing itself is not easy
• Second, HODLing does not mean profit

A lot of people say hold, but doing that is really hard. There are many temptations like beautiful women when we already have profits. But sometimes a holder can also keep it for a long time but they don't know when to take it off. Because I think there's a time we have to take it off and have it again. This moment is what we sometimes go through because we can't choose all the right time for that moment. In addition, Hold is very related to patience, practicing patience is difficult. I have known trade for almost 5 years but I also still have not fully mastered the technique of patience.

[Furious 7]

that is true, but there is another context when we look at market movements. we certainly want to benefit from what we plant, don't we and when we are already profitable then it doesn't hurt to sell some of the profits we have and buy bitcoins back when there is a correction like what is happening now in the hope that this will definitely give more profits because apart from the assets that we have, it is also useful when the increase and decrease are repeated

[kryptqnick]

Truth be told, hodling crypto currency is more about holding than anything else.
Those who have mastered the art of hodling have made the most money trading or investing in crypto currencies. The most basic skill one should have is HODLing.

I don't think it's so simple. For one, not all cryptos are equal, and many fall and never recover. So with a coin like this, it's better to sell at some loss than wait for it to devalue completely and lose much more if not everything. If it's Bitcoin, life situations can differ and sometimes a person might need to sell some BTC even at a bad price point due to some unexpected change in financial situation. Also, cryptos are not only about hodling, as some people use it for trading that requires regular buy-sell orders, and some use Bitcoin as money, so they spend it instead of hodling or at lest try to do that.

[Zilon]

Hodling is for the long term guys. Crypto is not just centered around holding you can makes turns of massive returns trading, farming ,staking even mining. But on the elementary level hodling and trading can do just fine for start ups and small scale investors, but to make it while hodling then it must be on a long term goal

[GreatArkansas]

(...)
Those who have mastered the art of hodling have made the most money trading or investing in crypto currencies. The most basic skill one should have is HODLing.

You have a point here, there are some hodlers are already for sure made a lot of money from their investment, some are taking profits for sure from their entry before were already given some good profits.
But on the other hand, holding may lead you to bankruptcy too, risk is still there, and we are not sure about the future at the moment.

[TheUltraElite]

Truth be told, hodling crypto currency is more about holding than anything else.

I think we all can agree on that but there is a small catch.

Those who have mastered the art of hodling have made the most money trading or investing in crypto currencies. The most basic skill one should have is HODLing.

Yeah, you do need to sell from every high to cash out some into fiat or stablecoin and then use that to buy back at lower price. If you dont do that, your total stash of bitcoin will never multiply, only the projected fiat value will show as big on your bitcoin wallet.

This cycling of bitcoin<>USDT/FIAT should be done with a fraction of the total bitcoin that you own. For beginners, this is a difficult thing to manage - but to make it simple, like in this current scenario, bitcoin is bearish, hence buy bitcoin to sell at a higher price. In the middle of the change, hold.

[justdimin]

Truth be told, hodling crypto currency is more about holding than anything else.
Those who have mastered the art of hodling have made the most money trading or investing in crypto currencies. The most basic skill one should have is HODLing.

Maybe but most of them want to profit from crypto so they keep buying and selling every coin, including bitcoin.
It is not easy to hold coins, let alone hold bitcoins, for a long time because you will see a lot of price fluctuations in the market that can make you panic.
But if you really want to hold bitcoins for the long term, then once you buy bitcoins, you have to get out of the market and don't look at the volatile prices.
Otherwise, you will be affected by price movements in the market and will eventually make you panic.

It is quite easy to hold bitcoin. All you do is... well nothing. You literally do nothing to hold it. So, why would it be any hard? I get that some people get worried about price fluctuations but if you know what you are doing then you are going to be fine. All we see is volatility, and we end up seeing it all the time and there is nothing that could change that, volatility will happen.

We just need to end up doing something a bit more legit, which is why I believe that the longer you are in the crypto world, the more you are going to end up holding long term. Like I was holding during this crash, and it didn't bother me a single bit, all I did was nothing and it bounced back.

[Finestream]

Actually for some people holding is good but for me there is many opportunities that you might missed when holding sometimes you can sell it and buy again to have more holdings, my goal in holding is to constantly increase the amount of the coin I am holding not the value of what I am holding.

ya.ya.yo!

Most of the people tend to misinterpret this because they always believe that hodling can make them rich in the long run, but in my own point of view you will eventually get rich but that will take a lot of years. Unlike if you always take advantage of the opportunity, selling and buying, that will make you an owner of a lot of coins. And when you own a lot of coins, particularly with bitcoin, that only means that you will gain huge profits when you start selling them at a reasonable price. Another thing is that those people who are afraid to take risks, they prefer hodling all the time, and missed a lot of opportunities.

[Vaculin]

Truth be told, hodling crypto currency is more about holding than anything else.
Those who have mastered the art of hodling have made the most money trading or investing in crypto currencies. The most basic skill one should have is HODLing.

Though its easy to say, but hodling itself takes a lot of patience and may test you how long can you hold onto your coins because of the market's unpredictable conditions. The reason why only few sustain long term hodling. However, if you are a smart one, you should not just master hodling alone, investing and trading should also be mastered as they can also give a lot of profits if they can be well exercised.

[livingfree]

True.

Every holder have experienced the upturns and downturns of the market. Engaging with the market will teach you on how to be wise within the next few years of encountering it again.

And that has led most of us into being a holder because there's no rush, pressure and effortless. You just need to have that #diamondhands as they say.

Holding is all about being patient and waiting for the right time and turn.

[Issa56]

If you are in Cryptocurrency, I believe the best way which you can make good money is by holding, I both Bitcoin few years ago and have been holding it since then, now am in good profit and am not going to sell now, I will continue to hold my bitcoin because I believe the price is still low. Actually I believe holding a coin is one of the most difficult thing to do but if you care dedicated then definitely you are going to do it, the more you hold bitcoin the more profit you get.

[Dr.Osh]

well, it's a skill in doing research and being patient. when these two things can be done correctly, then the chances of us getting a profit are also greater. that's why so many statements like "if you sell, you lose" and others. it looks simple, but the mental pressure when you hold a coin will really be felt when you hold in large quantities and are in a bear market. maybe, some people make status, or write on their wall about the profit they get from it, but believe me, that is a hard thing to do. however, when you do it right, you can be one of the successful ones.

[traderethereum]

Truth be told, hodling crypto currency is more about holding than anything else.
Those who have mastered the art of hodling have made the most money trading or investing in crypto currencies. The most basic skill one should have is HODLing.

Maybe but most of them want to profit from crypto so they keep buying and selling every coin, including bitcoin.
It is not easy to hold coins, let alone hold bitcoins, for a long time because you will see a lot of price fluctuations in the market that can make you panic.
But if you really want to hold bitcoins for the long term, then once you buy bitcoins, you have to get out of the market and don't look at the volatile prices.
Otherwise, you will be affected by price movements in the market and will eventually make you panic.

It is quite easy to hold bitcoin. All you do is... well nothing. You literally do nothing to hold it. So, why would it be any hard? I get that some people get worried about price fluctuations but if you know what you are doing then you are going to be fine. All we see is volatility, and we end up seeing it all the time and there is nothing that could change that, volatility will happen.

We just need to end up doing something a bit more legit, which is why I believe that the longer you are in the crypto world, the more you are going to end up holding long term. Like I was holding during this crash, and it didn't bother me a single bit, all I did was nothing and it bounced back.

Yes, it's like doing nothing but not for them because they will feel their heart beat faster if they see the price in the market experience a sharp decline.
For those who have seen sharp declines often it will not be a problem because they are used to it but not for people who have not had much experience with price drops.
Investing in crypto is all about how we can hold it long term and take your profits when you see them.
As long as we can control our emotions in the downtrend, there is no affect to us.

[Dunamisx]

Actually for some people holding is good but for me there is many opportunities that you might missed when holding sometimes you can sell it and buy again to have more holdings, my goal in holding is to constantly increase the amount of the coin I am holding not the value of what I am holding.

ya.ya.yo!

True that hodling without knowing market updates will make us miss lots of opportunities.  Besides, you can't reap any profit if you keep hodling.  We must sell in order to get profit or else we will be left with bag holding worthless coins or tokens if we missed the opportunity to sell.  Hodling is great but only to some extent at the end of the day, we must stop hodling in order to gain profit.

It good to hodl but it is very important to know the ground for such holding as some holding can just turn to a surprise of magnitude of loss, that's why while holding one must be very care dealing with price speculation, i understand its all about prediction or things might not necessarily work out as expected but holding must have a range limit which is the focus target of every investors, because at the end its not about holding but the profit realised while making the hodl, and if you must to hodl then it is advisable to be bitcoin and not other cryptocurrencies.

[raidarksword]

HODLING is not an easy task because many temptations will past at your lifetime in the industry and taking profit will be the biggest enemy in this industry. Taking profit is not bad but sometimes holding makes everyone a millionaire in crypto world. Holding is suited for long term investors and believers to crypto.

[sunsilk]

HODLING is not an easy task because many temptations will past at your lifetime in the industry and taking profit will be the biggest enemy in this industry. Taking profit is not bad but sometimes holding makes everyone a millionaire in crypto world. Holding is suited for long term investors and believers to crypto.

Not just temptations but real-life situations that you have to overcome and choose.

I've promised myself when I'm a newbie until I've realized and learned the market that I'll hold as many as I can. But it's a difficult thing because I have to sell not because I want to but because I needed to.

It's a situation that for sure many have dealt with and that's okay as long as you were able to sell at profit and not in losses.

[AakZaki]

Not just temptations but real-life situations that you have to overcome and choose.

I've promised myself when I'm a newbie until I've realized and learned the market that I'll hold as many as I can. But it's a difficult thing because I have to sell not because I want to but because I needed to.

~snip~

Sometimes it's a problem like this that we can't avoid. Maybe you need to allocate your funds in several places. For example, basic needs, sudden needs, and crypto. So if one day you need suddenly then you have another reserve fund. So you don't have to take your crypto deposits. But indeed everyone has a different technique, if it is forced then I will also take my crypto deposits. So actually trading and holding it will be quieter if you use free funds instead of household needs.

[19Nov16]

The market that continues to red and for more than 6 months certainly makes a lot of investor anxious, but we do not panic face the situation like now, if we don't really need money then I suggest for hold, I'm sure Bitcoin Will Rising Again.

[lombok]

For some, holding may be a lucrative activity and some may not. Those who are accustomed to holding should know or master the analysis and methods of buying. But for some people who are new, buying coins and getting carried away by coin hype, of course the results will be different. I agree with the OP's opinion that holding is an effective way to make a profit, but the most important thing here to maximize coin holding is the analysis and buying method. May be useful.