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Author Topic: A few crypto questions.  (Read 292 times)
Mpamaegbu
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April 07, 2024, 06:42:09 AM
 #41

So, we all say that hodling is better than trading, yeah?
Nope, I ain't one of those who believe hodling is better than trading. For me, nothing compares to trading but you've to be good at it to profit from it. Why let your coin lie there when you can afford to trade it and increase its quantity if you know how to trade? Those who scream hodling is better know they can't trade and that's why they choose to play safe by hodling. From whatever angle you look at it – as a project or as an investor, trading increases the value of a project because it subjects it to the market where forces of demand and supply play on it. Hodling doesn't have that ability. Bitcoin was able to attain its value from the 10,000 BTC exchange for two pizzas, remember that famous exchange?

Quote
And for the altcoins, after buying altcoins, what happens if no one wants to buy them from you? You know a lot of altcoins aren't all that popular so how do people even sell off their altcoins? Can you even hodl altcoins?
Whether popular or not, you can resell whatever alts you buy provided there's no rugpull on it and liquidity is still there. Again, whenever you're buying alts, especially on Dexs, don't add them using monikers/names. Get their CAs (Contract Addresses) to add them. That way you're extremely sure of what alts you're dealing with.

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April 07, 2024, 08:47:38 AM
 #42

I get why people wanna hodl coins instead of cashing out right away.  You're hoping the price keeps climbing so your stash grows fatter by the day.  But it's a total gamble.  Those graphs could just as easy go down instead of up, right? Like playing the slots in Vegas.   

Sure, you need actual money to buy stuff in the real world.  Eventually youd sell some crypto to get that, I guess. And altcoins?  High risk, high reward.  A few might blast off to the moon.  But for every one that makes people rich, a hundred turn out more useless than the junk crammed in my garage.   

So hey I ain't saying hodling can't work out.  People have definitely made bank doing it.  Just don't expect it to be some magical road to being a millionaire.  Youre spinning a wheel, you know? It takes some luck.

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April 07, 2024, 10:55:52 AM
 #43

Hey guys. Just to clear up a little misunderstanding I've got. There's something I don't quite understand and it is what happens after people hodl coins and altcoins.

So, we all say that hodling is better than trading, yeah? And I think the only way to earn from cryptocurrency is by exchanging it for fiat currency, right? Meaning, the hodling is just for the value to increase over a while and then you still trade it right?
And for the altcoins, after buying altcoins, what happens if no one wants to buy them from you? You know a lot of altcoins aren't all that popular so how do people even sell off their altcoins? Can you even hodl altcoins?

I know those are a lot of questions, but I keep on getting it wrong in my head. So thanks in advance for the answers.

Look it all depends on you and your mindset.Trading is also a good option but with low profits. If you trade altcoins it will probably give you 1x or 2x on your investment but if you hold the right coin at the right time it can give you up to 30x-100x.

Now let's do some maths if you trade daily and for instance let's assume you're profitable on a daily basis. It'll take 20 days to get that profit and you'll stress as well. But are all trades profitable? No. Do all trades give 2x? No. So people who have spare money like to get some sort of chance of multiplying them on altcoins.

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April 08, 2024, 11:48:51 AM
 #44

Hey guys. Just to clear up a little misunderstanding I've got. There's something I don't quite understand and it is what happens after people hodl coins and altcoins.

What happens after holding is simple, The aim of holding is to gain profit afterwards in any such case that you don’t succeed, it simply means your altcoin has now become a shitcoin.

And for the altcoins, after buying altcoins, what happens if no one wants to buy them from you? You know a lot of altcoins aren't all that popular so how do people even sell off their altcoins?

You have to be very careful buying altcoins, you must do a proper research to clear any doubts before going into any altcoin because you might be looking at a shitcoin with the eye of an altcoin unknowingly, which can lead to a total loss of investment.

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April 08, 2024, 12:09:32 PM
 #45

So, we all say that hodling is better than trading, yeah?
When did we all agree on this?
A successful trader should be better than an amateur hodler. There's no easy way to success in cryptocurrency, it all depends on how much you and how well to apply what you know.

And for the altcoins, after buying altcoins, what happens if no one wants to buy them from you? You know a lot of altcoins aren't all that popular so how do people even sell off their altcoins? Can you even hodl altcoins?
It is nice you buy altcoins with value and not shitcoins that are not listed in any popular exchange. Do not fall victim of shitcoins listed and sellable on only one exchange.

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April 08, 2024, 12:55:46 PM
 #46

AltCoins or any crypto currency can be traded for another coin of your choice as this case maybe.
If you're also being in doubt that may just end up holding and stocking invaluable coin then you can earlier on be concious and only Invest on populous coin that trading and exchanging for fiats wouldn't be a dump asset to you. Prevention is usually better than to cure.

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April 08, 2024, 02:21:08 PM
 #47

Hey guys. Just to clear up a little misunderstanding I've got. There's something I don't quite understand and it is what happens after people hodl coins and altcoins.

So, we all say that hodling is better than trading, yeah? And I think the only way to earn from cryptocurrency is by exchanging it for fiat currency, right? Meaning, the hodling is just for the value to increase over a while and then you still trade it right?
And for the altcoins, after buying altcoins, what happens if no one wants to buy them from you? You know a lot of altcoins aren't all that popular so how do people even sell off their altcoins? Can you even hodl altcoins?

I know those are a lot of questions, but I keep on getting it wrong in my head. So thanks in advance for the answers.

Hodling signifies the ever increasing price of coins. No one is telling you not to trade or sell at profit but its a good idea to have some coins on your portfolio as the coins are hitting their all time high every cycle and you might miss out when there's a large bull.
Traders might earn more than hodlers, there's no significant price change in bitcoin in last 3 months but good traders have doubled their money even on the sideways market. But while trading, the exit point should be placed at a larger range so you don't miss out on x2 or x4 or x10, specially for newer altcoins.


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April 08, 2024, 04:42:05 PM
 #48

Hey guys. Just to clear up a little misunderstanding I've got. There's something I don't quite understand and it is what happens after people hodl coins and altcoins.

So, we all say that hodling is better than trading, yeah? And I think the only way to earn from cryptocurrency is by exchanging it for fiat currency, right? Meaning, the hodling is just for the value to increase over a while and then you still trade it right?
And for the altcoins, after buying altcoins, what happens if no one wants to buy them from you? You know a lot of altcoins aren't all that popular so how do people even sell off their altcoins? Can you even hodl altcoins?

I know those are a lot of questions, but I keep on getting it wrong in my head. So thanks in advance for the answers.

Misconception of what trading is and I guess it was comprehended literally. You might be referring to dy trading which is characterized by buying low and selling high. It is holding for a period of time until you're satisfied with profit which is the time you'd be exchanging it to fiat to buy something or make use of it. However perhaps you are about to buy a car and the company accepts crypto, then there's no need to swap it to fiat. All cryptos will be bought in the market as long as there is a volume. Indeed there are those which value have been sleeping and not having a volume that could give you trouble on selling it, but why would you engage on those coins in the first plaace wherein there are established ones already to free you from this worry. Altcoins can be held some are consistently increasing in the long run and one big example is Ethereum. It is normal to misunderstood some concepts and it is the right thing that you've asked. We just tend to generalize things if we know nothing much of it but that's not to close the doors from learning.

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April 08, 2024, 09:41:58 PM
 #49

First of all, if you buy some altcoins, it's up to you whether you hold it for long or just wait for the price to increase a little bit and then sell it just like what others are doing right now but most of them are willing to sacrifice a few hundred dollars just to invest on some new altcoins in order to experience massive increase in price so that they can earn huge amount of income from it. It's just like a gamble but with a higher chance because you don't just invest blindly rather you make some good research first before investing so that you won't waste your money investing in shitcoins since there are lots of them right now in the crypto market.

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April 08, 2024, 09:46:17 PM
 #50

So, we all say that hodling is better than trading, yeah? And I think the only way to earn from cryptocurrency is by exchanging it for fiat currency, right? Meaning, the hodling is just for the value to increase over a while and then you still trade it right?
This is also the value of holding. Holding doesn't mean only to hold without taking profits. Of course,  the main reason of holding is to gain higher profits. And holding is to reach certain target of the price. Even it is small or high, this will depend on how long you are holding and the rate that you can achieve.
In this situation, we always need certain rates to take profits, depending on the coins.

after buying altcoins, what happens if no one wants to buy them from you? You know a lot of altcoins aren't all that popular so how do people even sell off their altcoins? Can you even hodl altcoins?
That is why we have to be really careful when choosing a clinic for holding. So don't just buy coins, especially hype coins for holding. Because not all altcoins are able to survive and develop in the market. so many of them end up becoming shit coins. Therefore, make sure we choose a top coin that really has good potential, fundamentals and use cases, as well as an active and professional team.

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April 08, 2024, 09:57:49 PM
 #51


And for the altcoins, after buying altcoins, what happens if no one wants to buy them from you? You know a lot of altcoins aren't all that popular so how do people even sell off their altcoins? Can you even hodl altcoins?

Investing in bitcoin is a storing value, your money will
Be safe and you will get value of what you invested since inflation will hardly affect your savings because the future we see in bitcoin.

On altcoins, if you buy altcoins with low liquidity, you may not be able to sell them, but if altcoin is listed in any were be it an exchange or on a smart chain like BSC, ETh or any other one, you can easily sell them the way you buy them. The only difference with bitcoin is that, altcoins have teams control the project which can be broken through one or two misunderstandings, while bitcoin is decentralized and no one can temper with it.

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April 08, 2024, 11:02:55 PM
 #52

To hodl (hold) isn’t just about Bitcoin. It includes any currency at all. So altcoins can be hodl-ed. However, you can’t hodl a shit token hoping that someday it’ll have some value. This is why you need to do proper reach before you invest in anything (especially cryptocurrencies). Some coins never get even the slightest of value. But then, if you’re buying some popular altcoins, it can’t be possible that no one wants to buy them from you.
Altcoins are everywhere in the market. Who's complaining about selling and buying coin? That's not even a problem or challenge to consider, rather there are more tangible techniques to follow and that's one of major reasons we have exchanges were we can single-handedly buy coins and also trigger sell. It's possible to always have our best chances before us because the slightest mistakes might just see us actually having detachable losses. Holding on the promising project will definitely hits harder for gigantic profits.

I think you missed it. The point is that not all altcoins end up getting listed. Just today I was speaking to someone about it. He was blissfully talking about how many whatever coins he had and I told him that the number isn’t what matters but the value. So, if you get into a shit coin, hodling won’t give it value. No matter what happens, if it’s worthless, you can never exchange it for money. You would not see any exchange list it as well.



 

 

 

 

 

 


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April 08, 2024, 11:35:23 PM
 #53


And for the altcoins, after buying altcoins, what happens if no one wants to buy them from you? You know a lot of altcoins aren't all that popular so how do people even sell off their altcoins? Can you even hodl altcoins?

Investing in bitcoin is a storing value, your money will
Be safe and you will get value of what you invested since inflation will hardly affect your savings because the future we see in bitcoin.

On altcoins, if you buy altcoins with low liquidity, you may not be able to sell them, but if altcoin is listed in any were be it an exchange or on a smart chain like BSC, ETh or any other one, you can easily sell them the way you buy them. The only difference with bitcoin is that, altcoins have teams control the project which can be broken through one or two misunderstandings, while bitcoin is decentralized and no one can temper with it.

Nobody can predict the future and you never know what can happen. Crypto is very volatile and while we are in a bull market right now, it can quickly change. I am cashing out a part of my crypto when certain numbers are hit but already made sure that I got my investment back.



BIG WINNER!
[15.00000000 BTC]


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April 09, 2024, 02:51:58 AM
 #54


And for the altcoins, after buying altcoins, what happens if no one wants to buy them from you? You know a lot of altcoins aren't all that popular so how do people even sell off their altcoins? Can you even hodl altcoins?

Investing in bitcoin is a storing value, your money will
Be safe and you will get value of what you invested since inflation will hardly affect your savings because the future we see in bitcoin.

On altcoins, if you buy altcoins with low liquidity, you may not be able to sell them, but if altcoin is listed in any were be it an exchange or on a smart chain like BSC, ETh or any other one, you can easily sell them the way you buy them. The only difference with bitcoin is that, altcoins have teams control the project which can be broken through one or two misunderstandings, while bitcoin is decentralized and no one can temper with it.

Nobody can predict the future and you never know what can happen. Crypto is very volatile and while we are in a bull market right now, it can quickly change. I am cashing out a part of my crypto when certain numbers are hit but already made sure that I got my investment back.
The simplest answer is it's more likely you are trading here, where you buy low, and sell it high so you can make profits.
This is easy to say but difficult to execute, a lot of investors or traders already lost a lot of money. So it is still not guaranteed, bull market or bear market, it's still risky.

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April 09, 2024, 06:38:38 AM
 #55


Most platforms supports buying and selling through Bitcoin, and most places don't support it, so it depends on where you are,  if your country doesn't support it then you change it to a Fiat before use, but Yes BTC is a long term investment so as such you Hodl.

Most altcoins are risky to invest in, that why I tell anyone that wants to invest in an altcoin to carry out a comprehensive research and bear in mind it is a 50-50 chance for a DIP or a rise in price and values,  some years ago (Early years of BTC) investors didn't really know what was coming, but after the ups and downs of BTC look at where we are today, so the same goes for other altcoins, don't expect a shirt term profit, make a long term investment on this altcoins and Hodl it,  they might not surge in price as Bitcoin, but they will make a significant rise in price, but if the altcoins start experiencing a DIP then take it to be a 50-50 , either a profit or a loss,
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April 09, 2024, 08:13:43 PM
 #56

I think you missed it. The point is that not all altcoins end up getting listed. Just today I was speaking to someone about it. He was blissfully talking about how many whatever coins he had and I told him that the number isn’t what matters but the value. So, if you get into a shit coin, hodling won’t give it value. No matter what happens, if it’s worthless, you can never exchange it for money. You would not see any exchange list it as well.

I don't like to hold new altcoins that haven't listed on an exchange due to this, alot of altcoins are going unlisted as the Investors can't do anything when they don't get listed. I was going to the bounty board as I was looking for any altcoins from that board that I can invest into for the bull market but I noticed that many altcoin aren't listed after they're done with their bounty and for those that are listed for trading, they're not listed on good exchanges with high training volumes.

For the bounty hunters that were holding their tokens for future profit instead of selling for the little profits that they can get when the tokens got listed, they'll be regretting and this is why holding new altcoins isn't always a good thing to do. If I invested into an altcoin and I see an opportunity to take profits, I'll do that first before anything else as alot of altcoins don't make it far after they're launched.

R


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April 10, 2024, 07:55:12 AM
 #57

The simplest answer is it's more likely you are trading here, where you buy low, and sell it high so you can make profits.
This is easy to say but difficult to execute, a lot of investors or traders already lost a lot of money. So it is still not guaranteed, bull market or bear market, it's still risky.

That's true people often think that it is as easy as words describes but in reality it is something more complicated because buying and selling cannot only provide you profit but a better and worthy coin will identify about your profit.

I think traders faces more difficulties and more losses than investors and the main cause of investor's loss is that they sometimes hold useless coin which ends by giving them nothing in return. Market always remains risky but expert people utilize their knowledge in order to reduce their losses otherwise market is quickly changing in a matter of seconds.



 

 

 

 

 

 


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April 10, 2024, 09:03:27 AM
 #58

Bro, you should cool down, you are the one talking it farther than necessary with too many philosophical relations to simple things. However, let me try my best to answer your questions.

So, we all say that hodling is better than trading, yeah? And I think the only way to earn from cryptocurrency is by exchanging it for fiat currency, right?
Of course, HODLing is better than trading. It's not in earning but the risk involved. You will gain more in trading if you know it, but the HODLing is safer, which makes people term it better. But you are wrong in the second part, you can only exchange your fiat for cryptocurrency and own it before you can profit from it. Not the other way round. The moment you exchange your cryptocurrency for fiat, you are divesting it.

Quote
Meaning, the hodling is just for the value to increase over a while and then you still trade it right?
I think the terms trading and investment are causing confusion here, but note, the two could be used interchangeably. At times, before you invest, trading must first occur. The moment you exchanged your fiat for cryptocurrency, you just traded. But keeping it without trading it further on the futures/margin market means that you're actually investing it.

Quote
And for the altcoins, after buying altcoins, what happens if no one wants to buy them from you? You know a lot of altcoins aren't all that popular so how do people even sell off their altcoins?
This is why you should not go for shitcoins. I will not dare to buy the altcoin I won't easily be able to exchange through popular exchanges. And I sell off those they enlisted initially and later delisted. The good part is that they announce it before making such a move.

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Can you even hodl altcoins?
Of course! Anything you can do with Bitcoin can also be done with altcoins. Imagine buying Solana in 2022, you would have made at least 20 times your investment provided you keep it till now. Is that not HODLing? HODLing is buying your asset and keeping it for a long duration of time.

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April 10, 2024, 11:24:05 AM
Merited by The Sceptical Chymist (3)
 #59

So, we all say that hodling is better than trading, yeah? And I think the only way to earn from cryptocurrency is by exchanging it for fiat currency, right? Meaning, the hodling is just for the value to increase over a while and then you still trade it right?
It's long term vs short term, long term is a lot more comfortable (at least to me) since you don't need to mind the market all the time, short term is basically you needing to pay attention to the market always, find good coins, buy low sell high, trader stuff. So basically yes, you still trade it.

And for the altcoins, after buying altcoins, what happens if no one wants to buy them from you? You know a lot of altcoins aren't all that popular so how do people even sell off their altcoins? Can you even hodl altcoins?
You can hodl them, I believe top coins would prove that if you hodl them in the past you would've still profited. And as for altcoins that don't sell, well, the sell order is just there. Meaning the coins are stuck with you unless you sell it to a guaranteed buy order price. That's the problem with hodling just any other coin, it's not a guarantee that it's going to sell, that's why people plan out what they buy.

R


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moneystery
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April 10, 2024, 11:39:37 AM
 #60


And for the altcoins, after buying altcoins, what happens if no one wants to buy them from you? You know a lot of altcoins aren't all that popular so how do people even sell off their altcoins? Can you even hodl altcoins?


if there are no more offers from the market, then that means you are holding a shittoken, since there are no more takers for it. if it is a good token, then there is still interest in the token and you can sell it easily on the exchange/swap platform, it's very simple. so if you want to hodl a token then make sure that the token is a token that has good potential and can be easily exchanged on a swap platform or exchange.

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