Just HODL

[Fivestar4everMVP]

If only Greg Schoen was brave enough to wait and build a golden hand to hodl a little long he would have been the one of the richest Bitcoin Hodler on earth.

It took more than 5 years for the early adopter to make profit so if you're considering HODLing I advise anyone to hodl it for at least 5 years long.

We're 2nd generation Bitcoin adopters, so we're still early. Hodl some Bitcoin like your life depends on it. 

Happy 10th anniversary


https://talkimg.com/images/2023/12/19/EWhoN.jpeg

You are talking about Greg, how about Lazlo who became a celebrity for selling 10,000 bitcoins for 2 of papa Jones pizza , you can't compare 1,700 to 10,000 bitcoins, but still, I won't really blame of any this people, because even we that are here, have made same mistakes over and over again in some way that is not too similar to this ones, but exactly same pattern if we check it properly.

Non or not very many of this people knew that bitcoin would be where it is today, same way some of us did not also know that bitcoin will be this big when we joined crypto earlier, if not, some of us would have even borrowed money from banks and other sources to invest in bitcoin, by now, we did be super rich.

Such is life, and a good reason why I believe that success is not by luck or chance.

[silkytakyaan86]

In the crypto market, we cannot comment definitively on the future of any currency. Only by looking at the market of the coin we can predict its future. Based on that I think. HODL can be beneficial in future.

[Aanuoluwatofunmi]

When ever I listen this word HODL. My mind always set itself to one word that is Bitcoin.

Well said because Bitcoin is the only digital currency that you can make confidence in holding and never be disappointed for any reason, all you need to do is to know how to hodl and when to do so, the most of the challenging problems that people have is in the lack of understanding of the necessary things expected of them to know or do, you cannot make an investment on altcoins and assume holding on them like that without without having fear of what may happen the next day.

[ajiz138]

"just hodl" is not bad advice in principle, but there is always the risk of overdoing it. It is also important to understand the reliability of what you decide to keep with you. Often expectations are not met. You should always look for a moment when you can sell something and buy something more interesting

The principle of “Just HODL” is also stronger for someone to hold in the long term and the word has become popular among bitcoin investors.

Is excessive risk also good if you just HODL? The most important thing is that we can balance investment and needs, so finances must be managed in terms of cash flow, monthly income, otherwise it will disrupt the investment you build because there are some things that are not met, for example urgent needs during an emergency. .

It is important to have an emergency fund so that your investment in bitcoin will be safe and will not be sold midway because of necessity.

[Litzki1990]

Investing and holding can be linked together but trading and holding cannot be linked together. Trading means business we have to buy some coins at low price and sell those coins at high price. Some traders have a limited profit target and some traders have a big profit target but all of them sell their coins within a limited period of time. There are no traders who wait five to ten years after taking up a trade rather they trade new coins every day and only think about the next trade when they gain some amount of money. You can suggest investing in a coin that is good for ten years because investors usually invest in long term plans but it is different for traders.

[Unbunplease]

The ones who over-do it will die without selling anything and end up living the average life they were living throughout all those years. I'm very sure that there are many people who have bought Bitcoin when its price was below $500 but they aren't selling their holding because they believe in the theory of HODL and that's the reason for them to hold their investment.

Those people are aiming to sell their Bitcoin when it reaches $1M per Bitcoin and a few of them are already 60+ years old. Let's say if Bitcoin reaches $1M in next ten years then they will be in their 70's and what would they do with that money at that age? Probably their heirs will be enjoying the HODLINGS of their parents.

I believe one should HOLD some amount while sell some amount when price of a coin moves 10x or more in value. Because we also have needs in our current time and we have to fulfill our duties regarding our families as well. Why not to enjoy by selling 1/4th of your profits and let the remaining to grow in value. I believe that's a proper way to be rich and at the same time to enjoy the present moments of our lives.

A number of projects, whose coins I bought back in 2017, moved into the active phase only at the end of 2023, and brought me very good profits. So a long hodl also bears fruit in due time. It's all about believing or not believing

[LUCKMCFLY]

The ones who over-do it will die without selling anything and end up living the average life they were living throughout all those years. I'm very sure that there are many people who have bought Bitcoin when its price was below $500 but they aren't selling their holding because they believe in the theory of HODL and that's the reason for them to hold their investment.

Those people are aiming to sell their Bitcoin when it reaches $1M per Bitcoin and a few of them are already 60+ years old. Let's say if Bitcoin reaches $1M in next ten years then they will be in their 70's and what would they do with that money at that age? Probably their heirs will be enjoying the HODLINGS of their parents.

I believe one should HOLD some amount while sell some amount when price of a coin moves 10x or more in value. Because we also have needs in our current time and we have to fulfill our duties regarding our families as well. Why not to enjoy by selling 1/4th of your profits and let the remaining to grow in value. I believe that's a proper way to be rich and at the same time to enjoy the present moments of our lives.

A number of projects, whose coins I bought back in 2017, moved into the active phase only at the end of 2023, and brought me very good profits. So a long hodl also bears fruit in due time. It's all about believing or not believing

Well, every time we are looking for a way to generate more income, because what is most recommended is that you can save as much as you can, those who bought in 2017 and held on until recently, because they will have many benefits, I In particular, I have always said something, when they are altcoins it is risky, and when a person decides to do it, things are quite emphatic if someone has a lot of faith in it, then the respective hodl is made, I am sincere , I do not trust much in the altcoins, nothing more than what happened with "Luna" is something that gives a lot to think about, so with the altcoins all I do is hold them and when I see that they have a 30% profit then I leave them with a sell order, because it is the way to have profits, that is what we should do, at least I have always done it, I never got attached to coins, it's just that it doesn't suit me, previously I did it, but it's a matter of seeing that things are different now, they think more about what should be earned.

[SamReomo]

A number of projects, whose coins I bought back in 2017, moved into the active phase only at the end of 2023, and brought me very good profits. So a long hodl also bears fruit in due time. It's all about believing or not believing

That's the way I guess, hold for sometime and when you see profits sell the coins and secure the profit. You can always have chance to buy more in bear markets in the altcoins world but surely the case with Bitcoin is different. A long hodl should be done only when you're sure that a project will definitely earn you profits in long term.

Most of the altcoins will go to value of zero in next 10 years or maybe sooner than the next 10 years and in that case the ones who sold their holdings and made some profits would be more happy than the ones who decided to hold their coins for 10 years or more.

[Gurujebs]

10 years since the soundest strategy in crypto was announced !!
Just HODL

As easy as this sound, the mental challenge is drawning and not as easy as many of us think it's. It's not easy to watch your investment get dragged by the crash of the market and not react to it, if you are even a beginner it's more difficult to to hold because you will having a contemplation of selling or keeping it and when you have small profits, you begin to think of selling it at early stage but if you manage to hold, it's worth it.

Today, if you do statistics of holding and trading you will found out that 60% of people in crypto actually hold their coin and sell later for profits because it's the best strategy so far to win against crypto investment.

[tvplus006]

A number of projects, whose coins I bought back in 2017, moved into the active phase only at the end of 2023, and brought me very good profits. So a long hodl also bears fruit in due time. It's all about believing or not believing

I don't see any similar coins in my portfolio that I bought in 2017-2018. Most of the coins purchased during that period can be safely called dead, as the team completely abandoned the further development of the project. I would be interested to know which coins you invested in then, which are already profitable now?

[Bitcoin_people]

Bitcoin where 10 years ago people were just saying to hodl on to the desire to make a lot of money. When I first saw the price of Bitcoin it was around $8000 but that's how high it is now. Back in 2021 when Bitcoin peaked at $69k ATH was a sky high and people held huge amounts of Bitcoin only hoping it would increase further in the future. But now that the price of Bitcoin is on a bull run aiming to set a new record, we can say for sure that its price will cross $100,000 in the near future. So don't just think negative thoughts about bitcoin but think positive only invest and Hodl that will be the reason for your success.

[hair]

Each person has a unique risk/return appetite, so they often make different Hold and Sell decisions. Similar to potential stocks of Amazon, Apple or Meta, Bitcoin has increased in price a lot in the past 10 years and made many investors regret it. The same thing may happen again in 10 years when we will think about the present moment.

If we could go back in time, many people would want to buy BTC when it didn't have value,
not only BTC, ETH, and BNB have also experienced an increase in the last 10 years.
Early investors get more profits from hodling

let's see another potential coin in the future

holder is the winner

[JoyMarsha]

I think the word ''just hodl" means that we should hodl more of bitcoin for the long term and not for us to hodl it for the short term.

Not all crypto coins are good for hodling for long-term purposes because they may end up being a lost investment for their investors. It is preferable to hodl bitcoin for longer than altcoins whose future in the crypto space is uncertain for years to come

[KingsDen]

A number of projects, whose coins I bought back in 2017, moved into the active phase only at the end of 2023, and brought me very good profits. So a long hodl also bears fruit in due time. It's all about believing or not believing

I don't see any similar coins in my portfolio that I bought in 2017-2018. Most of the coins purchased during that period can be safely called dead, as the team completely abandoned the further development of the project. I would be interested to know which coins you invested in then, which are already profitable now?

This is a very nice question that you have asked. I am surprised that he said that coins that he bought in 2017 we are the ones that has given him some good profits years after. I so much understand that during the period under review so many altcoins died away and only a few of those coins that we are in 2017 are still now. Is only bitcoin that has the ability to remain year in year art without being extincted. I am also curious to know those coins that he bought in 2017 that has given him good profit by now. I do not doubt his testimony but I only just needed some kind of validity.

[alltalk]

In the crypto market, we cannot comment definitively on the future of any currency. Only by looking at the market of the coin we can predict its future. Based on that I think. HODL can be beneficial in future.

Sure, we only can guess the future of crypto coins, we have no ability to ensure their future. However, we guess the future with realistic ways, we use the price history and the fundamental aspects to make the prediction. When we decide to HODL because we guess it will be worth, it should be according our deep analysis. We don't HODL because of random reasons!!