Just HODL

[Amphenomenon]

It's January 5 and those traders who focus on using leverage are already hitting huge losses when it's not even bear market.
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This happened 2days ago, over $600 million has already been loss few days to 2024. Trading is hard and risky while using leverage makes it more risky especially using high leverages. One reason to avoid trading with leverage is that, these traders suffers more in pump and dump Schemes and also market Manipulations especially those traders who trade meme coins and other altcoins which are prone to this.
The best bet now is to HODL even if you are investing in altcoin find some trusted ones and HODL while if you reduce risk entirely just stick with bitcoin since we have seen alot of altcoins which fail to meet expectations.

Even if you desire to trade just use spot trading or any other offering less risk while when using leverage use small leverages and don't be too greedy to use stop lost and take profit.

Also you shouldn't be disappointed or give up in bitcoin or crypto investment if trading hasn't work for you just try to HODL bitcoin or at least do more proper research on the altcoin you choose to HODL while if you are still have desire to trade, reduce the amount you use in trading, try to avoid risk when necessary and continue to learn to improve your skills and knowledge about trading.

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[Churchillvv]

As far as Bitcoin is concerned, I don't encourage trading, whether for beginners or professionals. If you have hit your maximum stash, then you can think of trading, but for the most part, it's just a hobby, so just hodl.

All these losses are because some people just panic at every little shift in expectations, whereas they know too well that they are gambling yet leverage with what they might not afford to lose.

Since we are still anticipating halving, the advice is to just hodl, which the supposed majority of us here already know or are doing already.

[EL MOHA]

This liquidation actually happen on the 3rd January when the bitcoin price had a heavy fall from $45k to $40k within few hours due to the rumor that bitcoin ETF will be rejected. The largest single liquidation order was actually reported to have happen on houbi BTC-USDT which was valued at $14.26M. The major thing that I think affected most of this traders that got liquidated was as that they had too much confidence on the market pumping with many going for long trade and forget to set a stop loss.

This cases are mostly common with newbies although even experienced traders got affected to. As for the newbies, one of the most secure thing is to just invest in to bitcoin and then hold for a long time, this is less risky than jumping into trading without proper knowledge

[Adbitco]

The thing is everyone wants to become trader without knowing the key note and important aspect concerning trading, that is why most people easily lose their money at cause of wanting to make huge profits or to double their money will result them to entire lost. Sticking to bitcoin is more advisable maybe they can gradually engage themselves with DCA, with DCA they can be to accumulate whatever amount of bitcoin they wish to than involving in trading and I still encourage holding.

[CryptopreneurBrainboss]

The best bet now is to HODL even if you are investing in altcoin find some trusted ones and HODL while if you reduce risk entirely just stick with bitcoin since we have seen alot of altcoins which fail to meet expectations.

It isn't just the best bet now, it has always been the best bet right for time but people choose to ignore hodling but encourage trading and the exchanges are among those pushing this agenda to encourage trading as they make more money from those trading using their exchanges. People have been brainwashed into thinking there's more profits in trading than hodling, they consider hodling to be boring and I have seen people saying trading is a way of making passive income from Bitcoin and people believe them without understanding what passive interest income is.

You're stressing yourself when you trade while you could have just bought and hodl your Bitcoin and make the same profits. The highest earners in the history of Bitcoin, isn't the traders but the hodler and they do so with minimum efforts. All you need to hold is just to get a good self constodial wallet to use so your coins don't get exposed to hackers.

Also you shouldn't be disappointed or give up in bitcoin or crypto investment if trading hasn't work for you just try to HODL bitcoin or at least do more proper research on the altcoin you choose to HODL

While you're talking about hodling altcoins, I just want to put it out there that they're a gamble. Altcoins don't have the same fate as Bitcoin. You can hold Bitcoin and be guaranteed that you'll make profits when the market is bullish but the same thing can't be said about altcoin and how do you do your research to know which one will do well when the ones doing well recently aren't even the ones we would've called the good projects because I see just projects with good marketing teams doing well irrespective of the projects been trashed.

[BlackBoss_]

This happened 2days ago, over $600 million has already been loss few days to 2024. Trading is hard and risky while using leverage makes it more risky especially using high leverages.

Forced liquidations are more serious when the market is very bullish or very bearish, when people are very fearful or very greed. You can watch the Fear and greed index and if you see it is very fear or very greed, it is time for you to step down and watch the market. Because sooner or later, the market will have either Long squeeze or Short squeeze, with massive value of forced liquidations.

The best bet now is to HODL even if you are investing in altcoin find some trusted ones and HODL while if you reduce risk entirely just stick with bitcoin since we have seen alot of altcoins which fail to meet expectations

HODL is good and it is very good if you HODL good cryptocurrency like Bitcoin, Ethereum.

HODL is good only if you hodl your cryptocurrency in your self-custodial wallets. If you store them on centralized exchanges, it's a risky practice.

[Darker45]

These past few days are very risky for leverage traders. The volatility has been really high. Huge liquidations must be taking place everywhere. The year came in with Bitcoin's price around $42,500. It shot to almost $46,000 just a day later only to quickly fall down even lower than $42,000 the following day. And then it started to recover well before it once again fell down. And then it went up again above $44,000.

As always, with Bitcoin's volatility, leverage trading is riskier. Hodling is smoother and safer.

[boyptc]

It can't be helped and stopped when many of them think that they'll win with trading. I don't encourage even my friends to trade when they don't even know how they'll make that much on it and how to read the market itself.

Even someone who's experienced will just simply tell to buy and hold and they're good to go with the upcoming bull run.

That's all they need to think of and if they wanna trade whether it's on the spot or futures, it's their money to play with.

[LogitechMouse]

This is one of the reasons why I don't want to trade anymore, especially on futures.
Just imagine, entering a few hours before the dump happens. Imagine those traders who entered a long position, just to see their position get liquidated a few hours later.

Feel sorry for those who lost millions of dollars because of trading, but that's how harsh it is. It doesn't care about your emotions, it doesn't care about yourself. They don't care about you whether you're a newbie or an average trader. As an investor who doesn't want to get stressed much especially when it comes to investing, I already stopped trading when I lost hundreds of dollars and chose to hold than trade. Getting profits might take longer, but that's safer.

Just HODL your assets, and set selling targets. Sell during the bull run, and don't buy.

[Richbased]

Inasmuch as I know that most altcoins are just pump and dumps, it is important we just invest and hodl Bitcoin for now because that's the only guaranteed asset with high level of volatility. The real reasons why most people trade their Bitcoin is just out of fear that the market might collapse due to one news or the other that they heard and it's even gonna get worst if spot Bitcoin ETF is not approved because lots of investors more especially newbies may rush to sell their coins with the believe that it's price will start dipping.

It is necessary we know that Bitcoin has stood the test of time as it's price is meant to fluctuate but that doesn't mean that it's gonna lose it's volatility. So all we need is to hodl our coins and be optimistic that it's future is gonna turn out to our favour. Just hodl as "patience is the stepping stone to Wisdom".

[$crypto$]

I haven't done futures trading for a long time because I know that when I do it with high leverage the risk is higher, however it is a big liquidation, people lose their money due to being too hot in doing futures trading, if you switch to spot trading then it is less challenging and rewarding. it won't be as big as futures, again there is a big risk behind that.

ONLY HODL is more appropriate and the best way to do it, let other people ignore our safe investments as long as we stay focused on this goal because after all this is easy investment advice and your assets are not subject to liquidation because they are not traded.

[Amphenomenon]

Also you shouldn't be disappointed or give up in bitcoin or crypto investment if trading hasn't work for you just try to HODL bitcoin or at least do more proper research on the altcoin you choose to HODL

While you're talking about hodling altcoins, I just want to put it out there that they're a gamble. Altcoins don't have the same fate as Bitcoin. You can hold Bitcoin and be guaranteed that you'll make profits when the market is bullish but the same thing can't be said about altcoin and how do you do your research to know which one will do well when the ones doing well recently aren't even the ones we would've called the good projects because I see just projects with good marketing teams doing well irrespective of the projects been trashed.

True but bitcoin has always been offering lesser risks but some still prefer to invest in altcoins and we know most of this liquidation definitely comes from altcoin and so just better to let them know even in the altcoins HODLing is still better though is just for them to do more research and hope they investing in the right one or just stick with bitcoin.
Also for me, HODLing altcoin as a shorter spam which can be 6 months to 2 years while Bitcoin for as long as you would like.

[Hyphen(-)]

It is necessary we know that Bitcoin has stood the test of time as it's price is meant to fluctuate but that doesn't mean that it's gonna lose it's volatility. So all we need is to hodl our coins and be optimistic that it's future is gonna turn out to our favour. Just hodl as "patience is the stepping stone to Wisdom".

Everybody wants to become a crypto trader, even those with little knowledge. FOMO is one of the reasons for this huge loss because I believe it will happen to the majority of newbie traders who want to make it quick and claim a professional trader, which usually leads to huge losses in trading.
 
Holding bitcoin or a reputable altcoin you believe in after doing your research about it is the best thing to do because if you decide to follow the market movement up just to make it quick, you will suffer and will surely lose some money because you cannot afford to see your wallet go down if you do not take your eyes off the market and hold your coin for long. HODL is the best strategy to employ.

[Awaklara]

This kind of thing can be a lesson for those who are just learning to trade. There is a fact that those who experience losses are not only beginners but those with large capital and experience can also experience losses.
There is risk in trading, no matter how much is traded. it is the sum of the limits of our abilities. Don't go overboard, or even sell assets to trade.
we are all looking for profit. but how to profit from trading still requires understanding. holding or trading are choices we can make. The most important thing is to do it with your skills to make a profit.

[Jegileman]

This is not the first time people are losing a lot of money to trading. Some of this traders gets so confident that they believe in the market 100% to go their own way as planned. Little did they know that the market can take a turn at the unexpected time and still revert back to its normal position after such corrections.

Traders should learn how to use stop loss no matter how professional they are, the market does not know the trade of a professional trader and a newbie trader, when it comes to liquidating a trade, it happens to everyone that has place a trade within that margin.

It is better to hodl if you don’t have enough money that you can afford to lose to trading. If you’re in loss while hodling don’t be compelled to sell because the quantity of your coin will never reduce and with patience it will bounce back again.

[sujonali1819]

Even if you desire to trade just use spot trading or any other offering less risk while when using leverage use small leverages and don't be too greedy to use stop lost and take profit.

I stopped trading about 2 years ago. Even the Spot trading. What I do now if I start to be attracted by any crypto is just buy and hold it for the long term.

It was a very big liquidation that happened two days ago. But it's not surprising in crypto. And it is something expected during the events like ETF. It is always better to HOLD only BTC and USDT(stable coin) during these events. Holding/Trading ALT coins is very risky if you are not HODL it for the Long term.

[sunsilk]

True but bitcoin has always been offering lesser risks but some still prefer to invest in altcoins and we know most of this liquidation definitely comes from altcoin and so just better to let them know even in the altcoins HODLing is still better though is just for them to do more research and hope they investing in the right one or just stick with bitcoin.
Also for me, HODLing altcoin as a shorter spam which can be 6 months to 2 years while Bitcoin for as long as you would like.

That makes sense with what you've said. While there are investors that always look forward with the altcoins, that's because how they see the altcoins market to be a good part of this market to take some quick money.

As that span is likely how it should be for most of the altcoins that they want to hold. There is no doubt that Bitcoin isn't going to be beaten if it's about the longest term of holding it.

Many even considered it as a retirement fund whilst for some altcoins, maybe ETH is the contender but other than that if it's the reason for holding Bitcoin, it's hard to compare it with some altcoins there.

[adultcrypto]

As far as Bitcoin is concerned, I don't encourage trading, whether for beginners or professionals. If you have hit your maximum stash, then you can think of trading, but for the most part, it's just a hobby, so just hodl.

Even after hitting the maximum stash if there is anything like that, it can be lost within few weeks. Trading Bitcoin has made many people broke, the volatility is just so unbearable and the fastest of computer bots might be confused sometimes with the consequences causing unimaginable damage.

The title of this thread is simple and powerful and explains the way forward on Bitcoin. Holding is just the way to go and no two ways about it.

[Barikui1]

Fine, you illustrated how millions of dollars were liquidated but you also need to understand that people also made millions out of it, in as much as I am holding a good amount of Bitcoin, i still trade because in trading if you are good at it, you are good at price action trading, you will gain more than losing.
Another thing I really kick against is high leverage trading, it's the enemy most trader fail to realize till they have been liquidated.

[DeathAngel]

Currently the best thing to do is HODL. Obviously there is no point dying with your coins unspent but for now it is time to HODL. We are entering a period in Bitcoin specifically where it would be silly to start selling now. We have lots of very bullish events very close. Next week could be specifically bullish due to potentially ground breaking regulatory approvals. Don’t sell any for at least 18 months, the price will be much higher then.