Are you a trader or a hodler?

[emmy.princet]

Are you a trader or a hodler?

Every crypto investor falls into the category of a trader or a hodler.
 A trader : Someone who loves the daily thrills of buying and selling cryptocurrency, regardless of the market situation.
 A hodler : Someone who believes in keeping a particular cryptocurrency for long term.

Whichever the case may be, you need to understand how the market works before making vital decisions. You also need to be emotionally intelligent to avoid making sentimental choices that could make you lose money.

 SELL OR HODL
Let’s explore when to sell your coins during a dip
 Remember that this is not financial advice

 
When to sell:
1. If you notice that there’s no progress regarding long-term development for the token you hodl.
2. When there’s no structured community support for the cryptocurrency.
3. When your coin stops appearing on popular exchanges like Binance, Coinbase, FTX and Kucoin.
4. When a government creates negative policies against the cryptocurrency in your region.

 When to hodl:
1. When the coin has a history of rebounding from dips e.g Bitcoin.
2. When the asset has the backing of the community and continues to develop new products e.g Solana.
3. When the token is adopted by institutions and companies globally e.g Ethereum.

 Benefits of selling during a dip
1. It saves you from significant losses. It is usually best to sell when the coins are quickly dropping in value so you do not lose all your assets at once.
2. It allows you to redistribute capital into buying other coins at extremely low prices.

 Benefits of hodling during a dip
1. It helps you avoid panic selling and losses from short-term market volatility.

 *NOTE* : With that being said the decision to sell and hold depends on your conviction about how the asset is performing. Always remember to tailor advice to your specific situation and use it as a guide for your crypto journey.

Source:
https://breachclub.medium.com/what-to-do-in-a-dip-hodl-or-sell-63066998136

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[P2PECS]

It is quite dishonest of you to copy that text by changing some things without citing the source:

https://breachclub.medium.com/what-to-do-in-a-dip-hodl-or-sell-63066998136

[emmy.princet]

It is quite dishonest of you to copy that text by changing some things without citing the source:

https://breachclub.medium.com/what-to-do-in-a-dip-hodl-or-sell-63066998136

Oh...,I forgot to do that. I stumbled on this on my mail as a subscriber of the breach community and I see it being useful for all newbies, that why I made some editing for posting. Move over, I'm new here and always ready to learn. Thanks for the observation and correction, such won't be omitted again in such related posts.

[lovesmayfamilis]

It is quite dishonest of you to copy that text by changing some things without citing the source:

https://breachclub.medium.com/what-to-do-in-a-dip-hodl-or-sell-63066998136

Oh...,I forgot to do that. I stumbled on this and I see it being useful for all newbies, that why I made some editing for posting. Move over, I'm new here and always ready to learn. Thanks for the observation and correction, such won't be omitted again in such related posts.

If this is your first mistake, and you understand that this is not the way to do it, just add the link that was pointed to you in your post. Otherwise, you will be blocked.
Do not try to pretend to be more literate than you really are.
Start with the rules if you want to stay on this forum.

https://bitcointalk.org/index.php?topic=703657.0#post_rules

[ShowOff]

When to hodl:
3. When the token is adopted by institutions and companies globally e.g Ethereum.

Are you sure Ethereum is adopted globally by many national scale companies today compared to bitcoin? That won't prove anything especially since Ethereum's price volatility is heavily dependent on bitcoin. I can assure you that bitcoin is still at the forefront of best adoption cases in many countries compared to Ethereum, so don't ignore this message if you want to become a holder.

Bitcoin has been shown to provide a commensurate return to its holders over the long term compared to altcoin. I honestly don't necessarily overlook potential altcoin like Ethereum, but for real world use cases, bitcoin is still the best. You can believe that the price of Ethereum will be high if the price of bitcoin is high and vice versa, but in one or two cases the two are very different.

[uchegod-21]

It is quite dishonest of you to copy that text by changing some things without citing the source:

https://breachclub.medium.com/what-to-do-in-a-dip-hodl-or-sell-63066998136

Oh...,I forgot to do that. I stumbled on this on my mail as a subscriber of the breach community and I see it being useful for all newbies, that why I made some editing for posting. Move over, I'm new here and always ready to learn. Thanks for the observation and correction, such won't be omitted again in such related posts.

I really do not understand the part of the world were people will copy a whole bunch of text or article and pass it on as theirs without references and yet feel that it is normal to do so or they aren't aware that it is a rule.
Without being chastised by another, you should try to develop that consciousness that it is bad and wrong to lift someone's intellectual property without paying credence to the original creator.
Op, if you wish to last in this forum, avoid plagiarism (copying someone's work without reference). It is a crime both outside and inside the forum. Thanks

[boyptc]

It is important to think of what you're going to hold. It's not just all about HODLING but also your choice as a holder.

You may come up with the idea of holding and then you're holding nonsense altcoins and these cryptocurrencies are like your baghold for which you're thinking that you'll be rich someday.

Not going to pop the balloon but that's becoming the common mindset of many investors and holders, I'd say that it's a bad idea but still need to apply research and understanding towards the market and the project/token you'll hold.

[Questat]

Are you a trader or a hodler?

Every crypto investor falls into the category of a trader or a hodler.
 A trader : Someone who loves the daily thrills of buying and selling cryptocurrency, regardless of the market situation.
 A hodler : Someone who believes in keeping a particular cryptocurrency for long term.

Well, I can be both...I do trading for quite sometimes but I can be a holder, especially during the bear season. But what I think is that I be a better holder rather than being a good trader. Yeah, I often lose not because I have no knowledge and skill ins trading but because I don't have much time to focus on trading due to some reasons.

But what I've noticed is that I was able to make more money from just holding than do trading.

[mk4]

3. When the token is adopted by institutions and companies globally e.g Ethereum.

Compared to bitcoin, ethereum is far more adopted by retail than institutions. Presumably due to bitcoin having a stable and predictable supply issuance, compared to ethereum's which is mostly dependent on usage. Being heavily adopted by retail being better vs being adopted by institutions is totally objective, but keep your facts straight.

[Altryist]

Well, I can be both...I do trading for quite sometimes but I can be a holder, especially during the bear season. But what I think is that I be a better holder rather than being a good trader. Yeah, I often lose not because I have no knowledge and skill ins trading but because I don't have much time to focus on trading due to some reasons.

But what I've noticed is that I was able to make more money from just holding than do trading.

For most people, simply holding their coins is a more profitable strategy. You may think that if you spent more time trading, your results would be better, but this is easy to verify. Give yourself some time, take a few days and just try trading. Most people will find that this will not make much of a difference to their trading results. Time devoted to any business is a very important point, but in addition to free time, knowledge and practice are needed.

[Falconer]

For most people, simply holding their coins is a more profitable strategy. You may think that if you spent more time trading, your results would be better, but this is easy to verify. Give yourself some time, take a few days and just try trading. Most people will find that this will not make much of a difference to their trading results. Time devoted to any business is a very important point, but in addition to free time, knowledge and practice are needed.

I don't think holding will be forever good in certain cases especially when the holders don't have any other income that they can make each month. Trades are judged better in this case if the holder has no other source of income, but it may be better if they hold as well as trade.

So far my choice hold, hopefully it will be useful in the future. I'm not trying to be actively trading and would really like to be a long term holder. There's definitely a target I want to hit although I don't completely ignore trading.

[Altryist]

I don't think holding will be forever good in certain cases especially when the holders don't have any other income that they can make each month. Trades are judged better in this case if the holder has no other source of income, but it may be better if they hold as well as trade.

So far my choice hold, hopefully it will be useful in the future. I'm not trying to be actively trading and would really like to be a long term holder. There's definitely a target I want to hit although I don't completely ignore trading.

It is logical that a person will not invest the last money for a long-term holding if he does not have any means of subsistence. To do this, first need to accumulate a certain amount, or set aside some amount every month. This is already a kind of investment with the expectation that in the future your investment will bring you a good profit.

[maydna]

I am a trader and also a holder. But I'm not a day trader because I realize I still need to learn more to analyze well. Becoming a trader or holder is not easy because they must have skills in analyzing market conditions. Meanwhile, if they decide to become a holder, they also need to learn about controlling their emotions because the price of coins in crypto will change every minute. Many people fail to become traders and holders because they didn't learn about it or manage their emotions.

[cryptoaddictchie]

Benefits of selling during a dip
1. It saves you from significant losses. It is usually best to sell when the coins are quickly dropping in value so you do not lose all your assets at once.
2. It allows you to redistribute capital into buying other coins at extremely low prices.

Actually this is good also however its your emotional that you need to conquer here. Point number 2 is a risky play as well cause the risk you derisk when you bought the top could also be a bad decision if it turns out failed. But if you trust the project then there is a chance that it could overtake the losses you lose by buying the dip you thought it was.

Cutting loss is the last resort I have if I entered on a very mid to high entry price. Well depends on the market.

[examplens]

When to hodl:
1. When the coin has a history of rebounding from dips e.g Bitcoin.
2. When the asset has the backing of the community and continues to develop new products e.g Solana.
3. When the token is adopted by institutions and companies globally e.g Ethereum.

I would say the reality is a bit more brutal.
When you buy coins, so because of greed you don't sell them on time, you must hold them if you don't want to sell them at loss. I believe most holders of other ^{I don't want to say shit coin} coins have become so due to poor judgment and high expectations.

[Hypnosis00]

In fact, we can decide which one is profitable and must know where we are comfortable of doing our job as these all are very challenging in real life.

 - trading is not for everyone and not all become profitable
 - Holding is not also for everyone as this is only suitable for those who have patience

We simply don't make a decision that will compromise the future of our funds. It should be planned well. And I'm going to say that I was a holder and at the same time a trader.

[Crypt0S0ul]

In fact, we can decide which one is profitable and must know where we are comfortable of doing our job as these all are very challenging in real life.

 - trading is not for everyone and not all become profitable
 - Holding is not also for everyone as this is only suitable for those who have patience

We simply don't make a decision that will compromise the future of our funds. It should be planned well. And I'm going to say that I was a holder and at the same time a trader.

You are right,

I am going to answer the Title question only.

I had no plan to Hodl any crypto or Bitcoin. I wasn't aware much about the fundamental of Bitcoin. Many local YouTubers make videos about how you can profit by doing spot trading. So I bought some BTC and some altcoins too at the peak rate. BTC was $59K when I bought it. So, I waited for profit, and it kept falling. It was just hit ATH a few days ago, so I thought $59K was a Dip. The situation is like, I bought the dip, and it keeps dipping. LOL. Now, I am a holder because that's all I can do to recover from my loss.

[Mpamaegbu]

Remember that this is not financial advice

But of course, you should know that people aren't free taking financial advice from newbie accounts. So, don't overthink this.

When to hodl:
1. When the coin has a history of rebounding from dips e.g Bitcoin.

For now, Bitcoin is the only trusted crypto to do that – rebound from severe dump. Others can rely on stroke of luck.

With that being said the decision to sell and hold depends on your conviction about how the asset is performing.

This is word on marble

[mk4]

Many local YouTubers make videos about how you can profit by doing spot trading.

Before you get enticed again by such statements, think about it — saying you can profit by doing spot trading is like saying you can win the lottery if you participate. Keyword: can. You technically can, but it doesn't necessarily mean you will.

Also, 95% of crypto-related YouTubers are slimeballs. Don't waste your precious time watching them.

[taufik123]

-snip-

technically anyone can do it. Everyone can gain, everyone can experience loss. But not everyone can master it.

I became a trader and also concurrently a holder in certain situations.
and of course don't just believe what youtubers say, because there are a lot of gimmicks and advertisements that only benefit the youtuber himself.