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Author Topic: Just HODL  (Read 1378 times)
alankasman
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February 07, 2024, 10:12:17 PM
 #101

Trading Bitcoin will not be as profitable as imagined. You can ask traders who have experience in using Bitcoin as a traded coin.
Profits from trading Bitcoin are obtained, but they are only a small part of the profits obtained by Bitcoin holders who set return targets.
Spot trading is less hassle and less risky than leveraged trading. I agree. However, in this type of spot trading, I also think that if you choose Bitcoin as the coin being traded, you will not get a profit according to the target, smaller than long-term holding.
Well, altcoin trading pairs are more profitable than Bitcoin, based on my experience but the risk is too high knowing that highly volatile coins may dump drastically and sometimes never recover which certainly makes you lose if it happens. Unlike Bitcoin, where if you just hold after the dump, we can still see it coming back. But if we are an impatient trader, whether it is Bitcoin or altcoins we still need to learn how to hold because trading is not all about buying and selling, holding is also a part of it. In fact, sometimes it happens that I hold for a few days waiting for the recovery and it works, I'd never lose any but instead, I make a profit.
Bitcoin is not good for trading in my opinion. The placement of Bitcoin as an investment asset is more targeted.
Do you mean that BTC/ETH trading orders are more profitable? It's true that it could be more profitable, but I'm not interested in BTC/ETH or other BTC/altcoin trading pairs.
If I think about it, the hold concept is not complicated to put into practice with a lot of patience, but the altcoin chosen to hold is not an altcoin that follows trends.

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February 08, 2024, 01:33:00 PM
 #102

Before entering the cryptocurrency market it is very important to have a broad knowledge of cryptocurrency and the intricacies of the market. Crypto markets are highly volatile. Markets will fluctuate all the time. But if you think you will profit daily by going up and down then it will never happen. After few days of good profit suddenly you are stuck with whole wealth. So I would say just HODL. 👍👍
It is always a big risk to start up cryptocurrency with no understanding,  it is just an easy way to lose because cryptocurrency is very volatile and when their is no knowledge about it, it will definitely end badly.  It is very important before any plans of investing cryptocurrency it is better to seek for knowledge because without it, it is impossible to gain profit from any investment.

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February 08, 2024, 01:47:40 PM
 #103

Quote from: encryptogon
Holding Bitcoin should be the ultimate goal of everyone. From a historical perspective, it is always beneficial to hold Bitcoin for a longer period. BTC prices over the years have increased substantially. If a person can hold Bitcoin for a decade, he might become very rich.
Bitcoin halving is around the corner, and from past trends, it is easily predicted the price will increase after the halving. At the moment, the price is fluctuating, and these conditions are not good for trading, so it is better to hold.
Yes, when you hodl your BTC in the solid wallet like electrum wallet which is the best wallet to hodl BTC for long period of time for the bull run to occur before you can sell to earn at the moment and, it has some seeds phrase you need to save well not to allow people to discover them because the moment someone have access to them, your BTC will be unsafe in your wallet.

You can see that there was some little improvement in the crypto market yesterday, that made the price of BTC to hit $44k and it look like it will reach $50k before the end of this month but if you want to achieve good profits just ensure you continue hodling your BTC for the bull run to occur.

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February 09, 2024, 02:33:04 PM
 #104

When we say HOLD it doesn't mean it will be forever, sometimes we did this because it was needed. And this actually necessary when investing Bitcoin as we hold during price correction and sell them when we get the satisfying price. Holding is not difficult but for some people, this could be a big challenge for them and why? As we can see, not all investors become successful in crypto and that is because not are willing to wait. Impatient people doesn't like doing this, they'd rather prefer to lose some $ than just waiting. Imagine, if we all knows how to hold and patient, we all become rich already but the opposite things happen as only a few people manage to do it while others are giving up when crisis comes.
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February 09, 2024, 03:52:03 PM
 #105

When we say HOLD it doesn't mean it will be forever, sometimes we did this because it was needed. And this actually necessary when investing Bitcoin as we hold during price correction and sell them when we get the satisfying price. Holding is not difficult but for some people, this could be a big challenge for them and why? As we can see, not all investors become successful in crypto and that is because not are willing to wait. Impatient people doesn't like doing this, they'd rather prefer to lose some $ than just waiting. Imagine, if we all knows how to hold and patient, we all become rich already but the opposite things happen as only a few people manage to do it while others are giving up when crisis comes.

Hodl/hold is not necessary but we need this to make a good profit in the future and we are all know that bitcoin will give us a good profit if we will hold it for long time,  but there's a time that when we hold the temptation will want to distract us comes up to our mind that we will withdraw or sell but we will need to follow our aim which is to get more profit. Cause if not then one thing for sure we will end losses.
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February 09, 2024, 04:03:52 PM
 #106

When we say HOLD it doesn't mean it will be forever, sometimes we did this because it was needed. And this actually necessary when investing Bitcoin as we hold during price correction and sell them when we get the satisfying price. Holding is not difficult but for some people, this could be a big challenge for them and why? As we can see, not all investors become successful in crypto and that is because not are willing to wait. Impatient people doesn't like doing this, they'd rather prefer to lose some $ than just waiting. Imagine, if we all knows how to hold and patient, we all become rich already but the opposite things happen as only a few people manage to do it while others are giving up when crisis comes.
Might not be forever but it will be for a long time, if you want to make a profit and like this period the price is taking correction will benefit a lot of people bitcoin is already 47k today, and am sure it will get a new price very soon. and those who have waited patiently will make their profit people will still wait and still not sell because halving is still coming and that event will still have its effect on the price, I don't think anyone will be satisfied to sell now, they are still another price to be accomplished before selling it, not everyone will make it the same business, especially does that did not wait, and if you invest and you can not wait then what is now the point of investing in the first place because when you even talk of safety holding is the best.

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April 25, 2024, 10:21:29 PM
 #107

Undoubtedly trading is one of the best way to grow your capital within short time. But you should know that, there are some time when Market is so complex and dengerous. That time anyhow shouldn't enter in the market even if you are a good trader. Cause sometimes you actually can't predict anything about market. And with taking a large liquidity, could be drain your balance so was happened with those traders, that's sad. Yeah holding is also best way if you are holding good altcoins

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April 25, 2024, 11:09:08 PM
 #108

That's shocking but sad reality of trading. Before future trading or others trading , you must keep in mind that you could loss your money badly in trading rather than any single profit. And with this mentality, you need to join trading. Cause situation can change anything. Spot trading is fine in my opinion. It works, kind of holding way. You can't loss until you sell your altcoins. And i give priority to holding instead of trading

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April 25, 2024, 11:11:46 PM
 #109

We will continue to see those stories about getting liquidated because they've set their leverage quite high. 2x is what they've said to be a safe haven but there goes the higher leverage for higher profit. Well, you'll learn the lesson there when you can't take the heat. And having that said, if you can't handle it anymore, get out of the kitchen. There's even a better strategy that everyone can do and it's causing no hassle and it's the easiest and that's what the title says, HODL. Those frustrated traders, you can shift and come join us to become good ole' HODLERS.  Wink

 
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April 25, 2024, 11:28:11 PM
 #110

We will continue to see those stories about getting liquidated because they've set their leverage quite high. 2x is what they've said to be a safe haven but there goes the higher leverage for higher profit. Well, you'll learn the lesson there when you can't take the heat. And having that said, if you can't handle it anymore, get out of the kitchen. There's even a better strategy that everyone can do and it's causing no hassle and it's the easiest and that's what the title says, HODL. Those frustrated traders, you can shift and come join us to become good ole' HODLERS.  Wink
Using leverage isn’t that bad if you think you’re capable to make it work. But if you are still in doubt and has no better experiences on trading leverage, I suggest just settle with the less hassle and less risky method, HOLD. That way, you won’t lose your funds in such a risky situation, knowing you’ll end up liquidated if you have set your leverage too high. Although it’s good to practice leverage at some point, but do it with high caution.

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April 25, 2024, 11:37:46 PM
 #111

Using leverage isn’t that bad if you think you’re capable to make it work. ,
It's for brave heart and risky peeps who knows what they are doing, it's the most risky way of trading IMO. You can be liquidated in no time but can be way more profitable as well in short time. Experience and knowledge is the key, but it's not all about that.

For those who incapable of doing such things, better to do spots or just HOLD, and keep stacking just like everyone is doing.

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April 26, 2024, 07:42:46 AM
 #112

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.

Yes basically for the beginners with less knowledge on trading even to those who have been in the system but still find some difficulty in trading, DCA is always a good way out,  to accumulate and make good profit at the end of holding period. The benefits of hold is more than one selling off to get quick profit at short time period inform fo trading, most important as it All even low income earners to engage as much as one is able to keep the holding and at first put in some emergency fund to avoid quick withdrawal if the invested fund it give greater profit at the end than selling,  also allow beginner to grow it knowledge on investment and holding  as the risk if loss is minimize since us long term holding.

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April 26, 2024, 08:45:28 AM
 #113

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.
Investing in altcoin is not the best thing to do; there is a 99% chance that you will lose your investment money in altcoin. To save yourself emotional damage, it is best to stick with a bitcoin investment with the money you can afford to lose. Before you invest in bitcoin, you have to understand that bitcoin is a long-term investment, and you need to keep emergency funds that will help you solve your unforeseen problems. After you have achieved that, you can now start to accumulate bitcoin with the DCA strategy, either weekly or monthly, depending on which is more convenient for you. The DCA strategy will allow you to accumulate bitcoin even when the price is increasing and decreasing, and you will not be concerned about buying the bitcoin dip.


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tabas
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April 26, 2024, 08:30:12 PM
 #114

We will continue to see those stories about getting liquidated because they've set their leverage quite high. 2x is what they've said to be a safe haven but there goes the higher leverage for higher profit. Well, you'll learn the lesson there when you can't take the heat. And having that said, if you can't handle it anymore, get out of the kitchen. There's even a better strategy that everyone can do and it's causing no hassle and it's the easiest and that's what the title says, HODL. Those frustrated traders, you can shift and come join us to become good ole' HODLERS.  Wink
Using leverage isn’t that bad if you think you’re capable to make it work. But if you are still in doubt and has no better experiences on trading leverage, I suggest just settle with the less hassle and less risky method, HOLD. That way, you won’t lose your funds in such a risky situation, knowing you’ll end up liquidated if you have set your leverage too high. Although it’s good to practice leverage at some point, but do it with high caution.
It's best to settle with the strategy of just holding. Many have traded before, be it on spot or with the futures but it's best to have no headache at all and holding is the best option. There's still risk on it by having paper loss but it's not as heavy as you're going to lose your entire fund with leverage that many think is a nice way to gain. For those that knows how to play the game in futures, it is a good way to gain more money but those that can't, it is certainly best to stick with holding and buy whenever you have some money to spare with.

 
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April 26, 2024, 09:28:49 PM
 #115

Before entering the cryptocurrency market it is very important to have a broad knowledge of cryptocurrency and the intricacies of the market. Crypto markets are highly volatile. Markets will fluctuate all the time. But if you think you will profit daily by going up and down then it will never happen. After few days of good profit suddenly you are stuck with whole wealth. So I would say just HODL. 👍👍
It is always a big risk to start up cryptocurrency with no understanding,  it is just an easy way to lose because cryptocurrency is very volatile and when their is no knowledge about it, it will definitely end badly.  It is very important before any plans of investing cryptocurrency it is better to seek for knowledge because without it, it is impossible to gain profit from any investment.
The foundation of every investment is knowledge and experience. You are not expected to engage in any kind of business or investment without accumulating knowledge first, which later on becomes your experiences. Same with trading, you are not supposed to trade without prior research and no gained experience in trading, otherwise you will only waste all your capital.

However, if one finds it hard to make successful trade, then hodling is the key. That’s way less risky and stressful, and if you are just patient enough, you will reap massive profits in the end.

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April 28, 2024, 06:48:09 AM
 #116

Before entering the cryptocurrency market it is very important to have a broad knowledge of cryptocurrency and the intricacies of the market. Crypto markets are highly volatile. Markets will fluctuate all the time. But if you think you will profit daily by going up and down then it will never happen. After few days of good profit suddenly you are stuck with whole wealth. So I would say just HODL. 👍👍
It is always a big risk to start up cryptocurrency with no understanding,  it is just an easy way to lose because cryptocurrency is very volatile and when their is no knowledge about it, it will definitely end badly.  It is very important before any plans of investing cryptocurrency it is better to seek for knowledge because without it, it is impossible to gain profit from any investment.
The foundation of every investment is knowledge and experience. You are not expected to engage in any kind of business or investment without accumulating knowledge first, which later on becomes your experiences. Same with trading, you are not supposed to trade without prior research and no gained experience in trading, otherwise you will only waste all your capital.

However, if one finds it hard to make successful trade, then hodling is the key. That’s way less risky and stressful, and if you are just patient enough, you will reap massive profits in the end.
Experiential knowledge corresponds to reality. Agree with your idea because especially in bitcoin investment. Those who are new to this field can seek the advice of the experienced and even get an idea of the past prices. But market behavior (price movement) is dependent on demand. A long-term holding strategy should be adopted to utilize your capital efficiently.
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May 05, 2024, 09:14:16 AM
 #117

If you went to be successful in Bitcoin investment you must be able hodl for a longer period of time 4-10 years.
I see people investing in short term as traders those that are unable to hodl for a longer time.
So it is always advisable when investing in Bitcoin one should think of long term that's why is good to have other source of income so one won't be able to temper with his/her hodling incase of there is any emergency you could early settle with your other income and not selling out your hodling. If you also don't have enough money to accumulate more Bitcoin you could use to DCA strategy which help you to buy small small either weekly or monthly.
In summary just HODL.

.
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May 05, 2024, 11:29:48 AM
 #118

Before entering the cryptocurrency market it is very important to have a broad knowledge of cryptocurrency and the intricacies of the market. Crypto markets are highly volatile. Markets will fluctuate all the time. But if you think you will profit daily by going up and down then it will never happen. After few days of good profit suddenly you are stuck with whole wealth. So I would say just HODL. 👍👍
It is always a big risk to start up cryptocurrency with no understanding,  it is just an easy way to lose because cryptocurrency is very volatile and when their is no knowledge about it, it will definitely end badly.  It is very important before any plans of investing cryptocurrency it is better to seek for knowledge because without it, it is impossible to gain profit from any investment.
The foundation of every investment is knowledge and experience. You are not expected to engage in any kind of business or investment without accumulating knowledge first, which later on becomes your experiences. Same with trading, you are not supposed to trade without prior research and no gained experience in trading, otherwise you will only waste all your capital.

However, if one finds it hard to make successful trade, then hodling is the key. That’s way less risky and stressful, and if you are just patient enough, you will reap massive profits in the end.
Experiential knowledge corresponds to reality. Agree with your idea because especially in bitcoin investment. Those who are new to this field can seek the advice of the experienced and even get an idea of the past prices. But market behavior (price movement) is dependent on demand. A long-term holding strategy should be adopted to utilize your capital efficiently.

An ideal investor must have a long-term hold, only long-term holding applies to Bitcoin. If you observe you will surely understand here that every investor has reaped huge benefits from their long term holding. Of course, long-term investment is most important if only to gain more benefits.
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May 05, 2024, 12:02:17 PM
 #119


An ideal investor must have a long-term hold, only long-term holding applies to Bitcoin. If you observe you will surely understand here that every investor has reaped huge benefits from their long term holding. Of course, long-term investment is most important if only to gain more benefits.


Bitcoin sure can be called an asset for a long term, however, it is also good for short-period trading. Fluctuations in its price will not be as significant as in most altcoins, but Bitcoin is considered a more reliable asset, in which it is not so scary to get stuck. In this case, you always have the safety net that in case of unsuccessful trades, your asset will automatically turn into a hold one.

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May 05, 2024, 09:30:17 PM
 #120

Before entering the cryptocurrency market it is very important to have a broad knowledge of cryptocurrency and the intricacies of the market. Crypto markets are highly volatile. Markets will fluctuate all the time. But if you think you will profit daily by going up and down then it will never happen. After few days of good profit suddenly you are stuck with whole wealth. So I would say just HODL. 👍👍
It is always a big risk to start up cryptocurrency with no understanding,  it is just an easy way to lose because cryptocurrency is very volatile and when their is no knowledge about it, it will definitely end badly.  It is very important before any plans of investing cryptocurrency it is better to seek for knowledge because without it, it is impossible to gain profit from any investment.
Holding is one of the ways we can benefit from the market to get a bigger rewards. The Crypto market is big enough to make us millionaires and that is if we are ready to benefit from holding to see the price of Bitcoin hit 100k. Sometimes when I see some persons talking about holding, I just choose to laugh because it is never easy to hold even when you are seeing price falling you still have no option than to hold. I think it is only the rich that can hold comfortably no matter how long it's going to take. The average man or poor people can not withstand some draw down because the panicking would be too much.

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