Do not hodl hot things

[Obulis]

Do you mean sell sell sell your Bitcoin? Well if that is the advice then it's inconclusive, a bad idea for most especially newbies who haven't accumulated much talk more of getting close to their accumulation target. This advice is not even good for an investor who have achieved their Bitcoin accumulation target talk less of a beginner investor. For DCA strategists, this is totally a bullshit idea because hotness of Bitcoin should have nothing to do with their accumulation target.

[Hypnosis00]

In the crypto world, greediness never makes us succeed. Instead, it makes us fall and miss a valuable opportunity.

Ever since, I have followed the basic investment strategy:

- Buy low, sell high
- Hold
- Avoid FOMO
- Control emotions

I believe this is a very simple way of investing. But what most of us did was go against it. We let our emotions control us and let greed dictate our decisions.

That is why we don't have to force ourselves to believe that there is more, because losing the opportunity will make us wait many days to appear again. Earning $1,000 is better than losing it.

[ruykeri]

Do you mean sell sell sell your Bitcoin? Well if that is the advice then it's inconclusive, a bad idea for most especially newbies who haven't accumulated much talk more of getting close to their accumulation target. This advice is not even good for an investor who have achieved their Bitcoin accumulation target talk less of a beginner investor. For DCA strategists, this is totally a bullshit idea because hotness of Bitcoin should have nothing to do with their accumulation target.

You are right. Just as a new investor should not invest in bitcoin with all the money they have saved at once and they should not also sell all their saved bitcoins at any time. And you are also right that even if a person has met his bitcoin holding target he should still use that bitcoin in a planned and sustainable way. That is just as a person has held bitcoin for a long time and has continued to invest regularly, he should plan to enjoy the benefits of that bitcoin holding for a long time. So that he does not have to worry about making new income and can spend the rest of his life selling bitcoin. If you can keep your mentality fixed like this from the beginning then it may be possible to ensure financial security in the future by investing in bitcoin. And by following the DCA strategy to continue investing regularly in bitcoin for a long time, it can remain stress free and the investment process also becomes a little easier if the cash flow is strong enough.

[Big Dirams]

Do you mean sell sell sell your Bitcoin? Well if that is the advice then it's inconclusive, a bad idea for most especially newbies who haven't accumulated much talk more of getting close to their accumulation target. This advice is not even good for an investor who have achieved their Bitcoin accumulation target talk less of a beginner investor. For DCA strategists, this is totally a bullshit idea because hotness of Bitcoin should have nothing to do with their accumulation target.

Well the OP hasn't had much experience with the forum so maybe that probably why he/she is insisting on selling and selling of our assets, then what the essence of buying if we are willing to sell anytime soon?
For instance if we are to make example with bitcoin investment so basically the OP wants us to sell maybe as soon as we make profits which that of course is bad for investment most especially for us using DCA and also that could limit our profits, aiming for long term and more solid profits in the future with bitcoin is the goal here. HOLD!!! HOLD!!! HOLD!!! that what we emphasize on much here and not way of selling after profits but that shouldn't sound to you like we can't take profits if we wish too.

[Ishicryptic]

The truism "don't hold hot things" is perfectly intuitive for our bodies, yet in the world of investing, it is all too easily forgotten.
When an asset is already the center of attention and heavily hyped, it is the right time to act—not to buy or hold, but to sell.

You are right that in real life you cannot physically hold something that is very hot with your barehands, if you do you will get burnt and the level of injury will depend on the hotness of the object.

In the crypto market we cannot say that Bitcoin is red-hot because it is not a get rich quick scheme, Bitcoin investment takes time to increase and reach ATH those who lacks patience doesn't have what it takes to buy and hold for a couple of years and be waiting for it to enter bull run. But many altcoins like memecoins are hot projects when they are new, you will see a lot of hypes around them promising to skyrocket to the moon and give you like,100 and more times multiplied profit within a very short time. Most times they live up to expectations and increases unimaginable times, when that happens the project is about to die. Those who don't know when to exit and the greedy who are pumping more money into it will watch the token die, the hotness will turn cold within a very short period.

[Antotena]

The truism "don't hold hot things" is perfectly intuitive for our bodies, yet in the world of investing, it is all too easily forgotten.
When an asset is already the center of attention and heavily hyped, it is the right time to act—not to buy or hold, but to sell.

True, not just any piece of junk makes for a great investment. If that were the case, the investment game would be quite boring—certainly not one of the most exciting human games, as it is today.

But every excellent investment looks like junk.
(Bitcoin has once again taught us this ancient lesson)

You may be wrong on this one though. Nvidia was hype back on 2022 and 2023 and was buying back their share from the revenue they generated. It became one of the performing stock since last year until the Democrat played politics with it last week and it makes a correction. I see such move like manipulation because if not for those public messages they spread about investigation, the market will be bullish till now. You can see that the market can continue to move regardless the hype.

If I'm a trader, I will take advantage of any trend because you make money with trend. Perhaps holders should be concerned about not buying hype if they are holding for long term. As a trader, you can't make it in trading if you don't follow the trend. If the market is moving in the uptrend direction, long it and if it's going down, short it, that's how you win money from trading.

[sotelorene]

Do you mean sell sell sell your Bitcoin? Well if that is the advice then it's inconclusive, a bad idea for most especially newbies who haven't accumulated much talk more of getting close to their accumulation target. This advice is not even good for an investor who have achieved their Bitcoin accumulation target talk less of a beginner investor. For DCA strategists, this is totally a bullshit idea because hotness of Bitcoin should have nothing to do with their accumulation target.

If someone has the intention to own or have a Bitcoin in the long run I don't think the idea of selling it now would make any sense because if someone sell now that the price is kinda cheap, then tomorrow or in the future the price may be x the amount now which some people may not likely be privileged or opportune to get it. So, it is better to keep on holding it if one has a little of it but if it is that plenty then selling a little of it won't really change or have much impact but we should prioritize accumulating.

[tbterryboy]

In the crypto world, greediness never makes us succeed. Instead, it makes us fall and miss a valuable opportunity.

Ever since, I have followed the basic investment strategy:

- Buy low, sell high
- Hold
- Avoid FOMO
- Control emotions

I believe this is a very simple way of investing. But what most of us did was go against it. We let our emotions control us and let greed dictate our decisions.

That is why we don't have to force ourselves to believe that there is more, because losing the opportunity will make us wait many days to appear again. Earning $1,000 is better than losing it.

Almost each of us have read about it some or the other place but still it is not all that follow. Yes, we might be aware but deep inside our conscious, we still want to make quick and easy money so we will do just the opposite. It takes some practice to master this strategy and it only comes after practice. Every trader has to start someone and make mistakes.

Those mistakes will make us excel if we stay consistent and keep learning instead of repeating those mistakes again. If one is able to control their emotions, they will certainly be better holders. To hold hot things, one really needs to have control on their emotions.

[YellowSwap]

The truism "don't hold hot things" is perfectly intuitive for our bodies, yet in the world of investing, it is all too easily forgotten.
When an asset is already the center of attention and heavily hyped, it is the right time to act—not to buy or hold, but to sell.

True, not just any piece of junk makes for a great investment. If that were the case, the investment game would be quite boring—certainly not one of the most exciting human games, as it is today.

But every excellent investment looks like junk.
(Bitcoin has once again taught us this ancient lesson)

I think this advice is best suited for alternative coins, as for Bitcoin it's something different entirely, I would advice to keep holding Bitcoin regardless of what's happening in the market because Bitcoin is true store of value.

I will only spend some Bitcoin if there is no other options or there is an emergency that requires me selling the Bitcoin, I don't want to sound like a diehard Bitcoiner but brother, Bitcoin is life.

There is no reason to FOMO or panic, just keep using extra money to buy and see how the balanced magic will keep working out on the long run, Bitcoin is completely different from every other digital currencies.

[Y3shot]

Do you mean sell sell sell your Bitcoin? Well if that is the advice then it's inconclusive, a bad idea for most especially newbies who haven't accumulated much talk more of getting close to their accumulation target. This advice is not even good for an investor who have achieved their Bitcoin accumulation target talk less of a beginner investor. For DCA strategists, this is totally a bullshit idea because hotness of Bitcoin should have nothing to do with their accumulation target.

Op forgot that assets like Bitcoin can have much value and still be hyped. A coin being hyped does not mean the coin is a shitcoin, and you can't know shitcoins just because they are hyped.

You need to do your research and understand the facts about why a coin is not the type that should be invested in. Bitcoin is hyped by many people, and the quality and value Bitcoin has deserve the hype from people. Definitely, there are both good and bad coins that will be hyped by people, but the most important thing is that people shouldn't be moved by hype; instead, they should do their research.

[Alpha Marine]

Bitcoin is different. You can hold it when it's hot. You don't necessarily need to sell it when there is hype around it, and the price is pumping. You can still hold because there is almost certainty that the price will go up more than it already is if you hold on for long.
But when it comes to other coins, especially memecoins and other smaller altcoins, it is not advisable to hold for long. You should sell when the price is pumping and take your profit because you may never see it at that price again. And if you haven't already bought the coin, there is no point in buying when the price is already pumping.

[henmark]

Do you mean sell sell sell your Bitcoin? Well if that is the advice then it's inconclusive, a bad idea for most especially newbies who haven't accumulated much talk more of getting close to their accumulation target. This advice is not even good for an investor who have achieved their Bitcoin accumulation target talk less of a beginner investor. For DCA strategists, this is totally a bullshit idea because hotness of Bitcoin should have nothing to do with their accumulation target.

I wouldn't follow that definition because even though bitcoin is hot, it is one of the most favourite asset for me to hold and I will continue to do so not matter how many time the market falls. I would consider hot things to new launched projects or riskier investments. I know there is a chance of loss there so I would not consider holding those assets but when it comes to bitcoins, I am much confident that the market will keep rising which will keep me in profits even after hitting dip a few times.

The main purpose of DCA is to keep accumulating and hold so this statement will not be appropriate at least with bitcoins. We have to hold no matter what the circumstances are because only that is going to make us earn some profits.

[Oshio-man]

You can be worry about other coins when the market price is changing but if you are holding bitcoin you will not have any intention to sell your bitcoin on time because you know that if you miss this bullish season you will not going to miss next season bullish, I know there are some traders who don't like small income when they are ready to trade than to wait for the price to increase higher before they will be convince to trade to achieve their expectation from the market, but some trader don't know that bitcoin is more reliable when you have the opportunity to purchase and hold for future purpose.

[savetheFORUM]

Actually, when people think about investment, they think about different aspects and then decide to invest. And in that case, people very quickly believe in the most discussed topics. And many people also lose a lot by investing in them. And when a business is launched with a new concept, some people invest there and they can successfully make big profits, but most of the investors are confused about that investment, due to which they do not invest, but they invest when it becomes a hot topic.

In the case of investment, instead of making a right decision by analyzing it, most investors make decisions through their emotions and focus more on hot topics and that is why their profit rate is low. also, they blame their luck for losing. So if you don't want to turn any type of investment into junk, you must analyze it well yourself and then invest.

Investing once the project is hot will not make us earn profits at least not for short to mid term. We need to have our analysis ready before the project becomes hot. It is not that easy to find exciting projects these days and it takes days of digging but if you can spend that time, you can certainly find a few projects which are worth investing. Even investing a few dollars there can make us gain good profits once that project becomes hot. Usually the ones with strong utility and a good marketing team can become one of those hot projects.

Investing has never been a piece of pie. It always takes number of hours of research. We can't simply follow the hype and invest in a fraction of time. No matter how trusted it sounds, it is our responsibility to take some time out and analyse the project before entering.

[Japinat]

Do you mean sell sell sell your Bitcoin? Well if that is the advice then it's inconclusive, a bad idea for most especially newbies who haven't accumulated much talk more of getting close to their accumulation target. This advice is not even good for an investor who have achieved their Bitcoin accumulation target talk less of a beginner investor. For DCA strategists, this is totally a bullshit idea because hotness of Bitcoin should have nothing to do with their accumulation target.

This is not just an advice, but this is the most profitable thing to do when bitcoin has already reached our goal price. We don't just enter bitcoin investment just by simply buying and holding all throughout, but the main objective here is still to sell it when its no longer convenient to hold.

Do not hodl hot things is not just applicable in bitcoin but to everything that has its own value. They say strike while the iron is hot, because once it cools, then its no longer advantageous for us.

[Jostern]

I think in the case of bitcoin it’s quite different maybe you’re talking about shitcoins, however there is no time you can’t buy and hold bitcoin, even in bearish or bull season you can always buy and hold bitcoin as long as you have the money to keep buying and holding, perhaps in the side of altcoins you can apply this sense of approach, you buy and sell immediately when you’ve made a profit because that would be more profitable for a trader who is only interested in buying and selling, but in the aspect of bitcoin you can always buy at your discretion and keep holding, there are people who bought bitcoin when it was $100k plus, and was still holding even when it dipped again to what we currently have right now, I personally would keep buying bitcoin.

[Hamza2424]

The truism "don't hold hot things" is perfectly intuitive for our bodies, yet in the world of investing, it is all too easily forgotten.
When an asset is already the center of attention and heavily hyped, it is the right time to act—not to buy or hold, but to sell.

True, not just any piece of junk makes for a great investment. If that were the case, the investment game would be quite boring—certainly not one of the most exciting human games, as it is today.

But every excellent investment looks like junk.
(Bitcoin has once again taught us this ancient lesson)

Yep, excellent investments look like junk at the start, and that's the selling point of new alts these days. They say we avoided BTC in the start because of that junk look, and regret it now. Don't repeat that mistake haha. Seriously, maybe you have not heard this shit, but I have.

Don't hold hot things, bro. You seriously know how to put a big concept into a few words, and these four words have a lot of meaning. It not only tells us about all those fake hypes but also about hype in real projects like BTC.

A lot of us started buying BTC when it started its rally from $62k and crossed $70k. No one seems to be buying now, but when it crosses $85k, everyone will buy again in FOMO.

[JunaidAzizi]

It means going opposite to the other users. When they start buying, you start selling, and when they are afraid, then you start buying. That looks like a very good strategy and is much safer for you. You can easily be safe from market manipulation, but I have a little doubt. When a coin, for example, is going up and everyone starts buying, and its price starts from $1 and you sell at $3, and then the market goes up to $10, what would you call a safe exit or a stupid decision?