Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Quantum X on December 13, 2020, 03:23:22 PM
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The word "hodl" in crypto space is what we always heard and read from folks and I believe bunch of individuals are saying this even they don't understand and those with the same feathers were coming to join this blinded community. I'm saying this because I'd been there men, and guess what, my $1,5k had join the bearish and did not recover. I let my money burned to nothing.
Here is my advice, don't listen to those who are saying "hodl" if you don't understand and don't let your ignorance produces greediness which will become your greatest regret in the end.
Here is the thing, if you don't understand the market sell your crypto if you just get it from airdrop or bounty. Never mind the bushers, a project can survive if it is promising and if not at least you didn't let your luck ended up to nothing and besides participants in bounties and airdrops are not always to blame. If you are new in crypto investment don't expect to much rather, trade your crypto if profit is already there. Don't believe your instinct because that is not the right way in the market but your knowledge and understanding of market condition. Your instinct might reward your first attempt but but that is just a blind luck so stop using your instinct in a wrong place.
If you are new and truly serious to hodl some cryptos for long term. I advice to risk your money when the market is in the crisis condition. Yet you have to be wise in choosing and make the top ten cryptos in the coinmarketcap (https://coinmarketcap.com/) your choices. Bitcoin and ethereum should be your priority.
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In the cryptocurrency market, only experienced and professional traders and investors receive permanent profits. I completely agree with you that if a person does not have enough experience and at least does not understand what is happening at this period, but now he sees that his investments have already brought a certain income, then in this case there is really no need to be greedy and you need to take something. that there is an opportunity to take.
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The riskiest thing when you hold a coin is that the coin is suddenly heading to be a dead coin, with no volume and market cap. That is why before holding, it is very important to choose the right coin with high trading volume and market cap.
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That's right, we do anything in this cryptocurrency that requires knowledge and experience, including doing a hold. Because if we hold the wrong coin of our choice, then we will not get the profit but our money will disappear because the coin we hold loses its price.
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There are many currencies, long-term holdings are likely to die. As a result, many people do not hold the coins for long. Because the market is constantly changing. The changes in the market are noticeable. Any currency other than high-end currencies in the market is likely to be damaged in the long run and has a high level of risk.
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Holding on to a digital asset can be risky if the token or coin will never be improving and will instead be diving to almost valueless at the end. I think this is the destiny of many "me-too" projects that put up just for the sake of money...and we know that there had been, there are now and there will be many of projects like this. Certainly, in my own experience, exchanging these assets into top cryptos can the better idea than thinking that they can be worth of gold later. At the end of the day, holding digital assets or cryptocurrencies that belong to the top 10 in CMC can be more rewarding. Of course, there can be some exemptions from time to time the problem is that nobody can be sure which of the many in the market. We are always flooded with so many choices, it is getting hard to pick the best.
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Basically Holding itself is not a good thing.without experience,knowledge,understanding Holding is likely to be total loss.Only professionals who knows the previous history of that particular coin ,its support and resistance can make a profit from it.otherwise unknown person can not do so.
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The hold is good only for those coin in the market that has real potential. But of course, make sure you research or review that coin first before buying em to hold in the long run. Because if you are not sure about the coin and you feel even a single doubt don't buy just very simple as that.
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That is why before holding, it is very important to choose the right coin with high trading volume and market cap.
Having a high volume in the market does not guarantee to newbies that is why it is better to refer to the top 10 if newbies are serious.
The hold is good only for those coin in the market that has real potential. But of course, make sure you research or review that coin first before buying em to hold in the long run.
Hodling for the long run does not guarantee for newbies even after doing their careful research the project. Even the project looks promising there are so many possibilities that can fail the project. If research is done short term hodling is mostly advisable than long term.
We are always flooded with so many choices, it is getting hard to pick the best.
That's right! That is why top to ten currencies at CMC are best to consider if newbies want to hold. Bitcoin and ethereum are the safest for long term hodling.
There are many currencies, long-term holdings are likely to die. As a result, many people do not hold the coins for long. Because the market is constantly changing. The changes in the market are noticeable. Any currency other than high-end currencies in the market is likely to be damaged in the long run and has a high level of risk.
Indeed. There were so many Zero potential altcoins when it comes long term hodling were dead yet everyday such kind are keep coming in the market which is the reason of high risk in the market. Newbies who don't understand the market condition and the high risk of crypto are the vulnerable of loses specially newbies with full of greed.
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I think newbie in cryptocurrency should also be able to hodl coins and token if such one properly lectured and understand the project is holding is some how risk to hodl for long term because no one knows what will become of the such project after one year but it's always good followup the roadmap in order to understand how the project is moving to know the periods of time you can actually hold a token.
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Personally, I don't listen to the opinions of others. Because I'm used to solving everything myself. I also held coins before and they only brought me losses. Therefore, keeping coins in my portfolio is not for me now.
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Holding is not a good idea always. Many people hold their ALTs without judging their future potential and developments plan. A project with no development plan or real use case ends up being dead. We are talking about investment here so we should be careful to judge any project's future growths over time.
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In the cryptocurrency field, you always need to be very careful about everything, and if you invest in any cryptocurrency, then it is best to invest in proven top cryptocurrencies and then you will can always get a good profit and, of course, you also need to be able to properly hold your cryptocurrencies.
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It is important to have good experience about the cryptocurrency market. The market is constantly changing. The changes bring success to the cryptocurrency market. So I think instead of holding on to any currency, you should hold on to some currencies that will contribute to improvement.
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Yes, I totally agree with you. Nothing should be hold in this cryptocurrency. I have been working on this bitcoin and altcointalk forum since 2015. I have learned so far that cryptocurrency should never be hold. Whenever I went to hold, I fell into a lot of big losses. So when you get that token, if there is a price in the market, you will sell it immediately. And leave a small amount so that you can get some profit if the price goes up later.
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to be safest. should choose the coin top to hold
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The word "hodl" in crypto space is what we always heard and read from folks and I believe bunch of individuals are saying this even they don't understand and those with the same feathers were coming to join this blinded community. I'm saying this because I'd been there men, and guess what, my $1,5k had join the bearish and did not recover. I let my money burned to nothing.
Here is my advice, don't listen to those who are saying "hodl" if you don't understand and don't let your ignorance produces greediness which will become your greatest regret in the end.
Here is the thing, if you don't understand the market sell your crypto if you just get it from airdrop or bounty. Never mind the bushers, a project can survive if it is promising and if not at least you didn't let your luck ended up to nothing and besides participants in bounties and airdrops are not always to blame. If you are new in crypto investment don't expect to much rather, trade your crypto if profit is already there. Don't believe your instinct because that is not the right way in the market but your knowledge and understanding of market condition. Your instinct might reward your first attempt but but that is just a blind luck so stop using your instinct in a wrong place.
If you are new and truly serious to hodl some cryptos for long term. I advice to risk your money when the market is in the crisis condition. Yet you have to be wise in choosing and make the top ten cryptos in the coinmarketcap (https://coinmarketcap.com/) your choices. Bitcoin and ethereum should be your priority.
FOMO.... Before holding a particular cryptos, long term or for short term we must decide on what really matter or important. Your advice:
Don't listen to those who are saying "hodl" if you don't understand and don't let your ignorance produces greediness which will become your greatest regret in the end is a good thing. Let not our ignorance produce greediness which is very dangerous. Don't "HODL" if you are not sure enough.
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You have given a very good advice. It is very important to understand these things for new users or beginners. Everyone need to understand the market before any investment.
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I agree with the Thread Title, "DON'T HODL IF YOU DON'T UNDERSTAND" HODLING has required basic knowledge about what they are doing. And If you have no knowledge you should learn first the basics. if you want to hold a particular cryptocurrency" Because the crypto industry behaves differently than what we already experience in the real world thats why the risk of losing our investment is high if we have no basic knowledge about of what we do. and it's true because I was experiencing it personally way back 2018 and most of the crypto that I was holding is already worthless that wiping out my invest in almost 90 percent.
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Actually, this hold can be a safe and misleading way. When you do not understand correctly the coins you are holding, you may take the wrong step. It's best to hold coins that have potential and are clearly good. For example Ethereum or Bitcoin.
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Personally, I don't listen to the opinions of others. Because I'm used to solving everything myself. I also held coins before and they only brought me losses. Therefore, keeping coins in my portfolio is not for me now.
Good decision brother. I don't follow others instructions. I am a short time trader. When I get a little bit profits than my investment . Then I sell my holdings Token.
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We recommend that before you decide to hold, you must understand and learn about the coins you are holding. Don't let the ash coins you hold turn out, then you will lose a lot. Therefore, I recommend that you only hold old coins with certain potential. As for new types of coins, you should just play day trading.
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Cryptocurrency market cap is risky market where treaders invest in concern .The investors invest in some coins and wait when the coin's price rise if the value gain before that price then they sell and get profit but if the price is less then the before price when they first invest then treaders hold the coin and wait to recover the worth . It is very difficult and risky process . The problem is more difficult when the newby invest here to get some profit but eventually newby loss their asset . So it is very clear if anyone don't understand they never hold .
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Without any Experience Crypto Holding, Crypto trading maybe very big Loss for any new Member. As my opinion, if Someone want to hold any Crypto currency for Long and Short time then must need Experience about project. It is very important for Crypto investment or Trading.
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If you don't understand, invest or hold any token or coin there is a possibility of loss. So I don't think you should trade or hold without any previous experience.
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I agree and therefore newbies should have to understand that entering into crypto market is putting half of your pocket in the grave and this risk will grow in an instant if you will putting your fund in a project without understanding.
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I have always suggested this to friends especially those are just starting that if you invested in a project but later you get confused about it and do not have hundred percent trust then you can sell and move on as HODL does not apply to all projects and coins.
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I fully agree with this,although many today are confident in the further growth of the market,I think bitcoin will go to correction and hamsters will again record losses! You need to be able to fix and believe less in fairy tales, look for new ideas after some of your investments have grown and change the cryptoportfel!
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I have always suggested this to friends especially those are just starting that if you invested in a project but later you get confused about it and do not have hundred percent trust then you can sell and move on as HODL does not apply to all projects and coins.
When you invest, you shouldn't be confused because you have done previous research, so you already know where the project will develop.
but if you are confused when investing, then you are likely investing without doing research, and this will not be good because you will always be confused and worried when making decisions.
My advice is that you can sell it and look for other projects that you really understand about the development of the project.
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It is important to keep a close eye on the cryptocurrency market. There is a lot of change in the market. There are many successes in the cryptocurrency market. Instead of trying to curb any currency, you need to curb certain currencies that contribute to your well-being.
You can make a lot of money using cryptocurrencies.
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Total agree,the people don't need to buy and hold a coin just because somebody tell them this actions will bring a great profit,always make your own research and decide by yourself if its worth to buy and hold a coin.
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Hold without proper understanding what it is all about is dangerous because once you hold the wrong tokens it is a problem. Once you bought the shit coins it will shut your money down and gain nothing. To hold needs enough knowledge about the tokens and whitepaper to understand the possible future and goal of one project.
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If you don't understand, invest or hold any token or coin there is a possibility of loss. So I don't think you should trade or hold without any previous experience.
Exactly! But there is so much more in man's greed and can even make him easily foolish for something that he can gain disregarding some important things which lead him to a disparate situation.
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Every aspiring newbies should have someone that guiding them in crypto space if no one then Atleast newbies must learn first. Buying crypto is very risky and so it is not good idea if someone enters without knowing the risk. Even you just have the token or coin from bounty still profit is profit and it would painful to look at your crypto losing the value.
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It is necessary to keep coins in the long term if there is a high probability that the coin will eventually not go to the very bottom, and only a small part of the most liquid coins satisfy this criterion. Everything else can be used at your own peril and risk.
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The hold is not only about keeping crypto as we like until the price is up as what we target. HODL means that we have known enough what kind of crypto in which they are really good for holding because having good future, they are providing good project use case, and also good project enough
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we can hold the cryptocurrency if we really know the future of the crypto itself and we believe it., We can hold the crypto as long as we have researched and analyzed the crypto. It includes the market cap, volume, total supply, circulating supply, real use case, product, project development, and also the team. Additionaly, we must also see the exchanges that they list
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There is nothing wrong with "hodl". It is the way to gain profits, investors must do it. However, you cannot hold any crypto coins/tokens. Not all crypto coins/tokens are good to keep or hold in our wallets. Especially, those coins/tokens which we suspect just for pump-dump coins/tokens. We must avoid holding them, weak coins/tokens are better to sell. While for top coins/tokens, it is no problem to hold as long as we know the potential of the coins/tokens.
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As I know, bounty hunters will always monitor market movements and new projects.
I will hold on to altcoins for a long time if the project has good prospects. There are many doubts when we hold, whether the price will go up or down is always a tough choice when we sell the coins we have.
BTC always surprises in the crypto market, I will wait for the bearishness to happen and buy altcoins, but that looks like it will be difficult because we are in the bulkist trend and need to buy alcoins to make a profit.
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As I know, bounty hunters will always monitor market movements and new projects.
I will hold on to altcoins for a long time if the project has good prospects. There are many doubts when we hold, whether the price will go up or down is always a tough choice when we sell the coins we have.
BTC always surprises in the crypto market, I will wait for the bearishness to happen and buy altcoins, but that looks like it will be difficult because we are in the bulkist trend and need to buy alcoins to make a profit.
Very often, the Bounty Hunters are accused of poor development of new projects. But as far as I know, a large percentage of Bounty Hunters are also investors in these projects, in which they are actively involved. At the same time, any member of the Bounty company studies information about new projects more accurately than, for example, a trader.
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Now days market is pumping to much its time to hold your coin this will give you good profit in future good time it will not come back again its time to hold it.
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This is a wise advice, never invest your money into any project you do not understand, just look at these rebase tokens in the space now, if you do not understand them you will end up losing all your money holding them. It is good that new ideas are popping up in the space now but most of them are just experiment and you don't want to be the white rat used for the experiment
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I don't think it is advisable for any one to just sell what they hold because they don't understand the market, holding a coin or token has both positive and negative impact, sometimes you hold and end up being happy because the coin did great and price went up alot while other times it is the opposite,
If you are holding a good project, don't hurry to sell because price is down that will be a wrong idea.
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Holding isn't only about keeping the tokens, but the holders need to know when they will sell the tokens. The holders need to set the target and predict when the right time for selling. Even, the holders also need to analyze the possibility of the tokens to increase before buying and holding them. If the tokens don't have potential increases, then don't buy the tokens.
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Without knowledge and experience no one should buy or hold any coin. Some times inexperienced trader hold their coin to get more then the acceptable price. So i think experience and knowledge are the key facts of trading.
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If you don't have any knowledge then how can you hold. Though holding is less risky then trade but knowledge is much needed. You can not do anything in crypto market with having knowledge or experience.
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Clutching a computerized resource can be dangerous if the token or coin will never be improving and will rather be plunging to practically worthless toward the end. I think this is the fate of many "me-as well" extends that set up only for money...and we realize that there had been, there are presently and there will be a large number of ventures this way. Surely, as far as I can tell, trading these resources into top cryptos can the preferred thought over reasoning that they can be worth of gold later. By the day's end, holding advanced resources or cryptographic forms of money that have a place with the best 10 in CMC can be all the more fulfilling. Obviously, there can be a few exceptions now and again the issue is that no one can be certain which of the numerous on the lookout. We are constantly overwhelmed with countless decisions, it is getting hard to pick the best.
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Correctly noted, if you are a beginner, then you need to try yourself in trading and not keep coins until better times, this is how experience is gained on the exchanges, unfortunately by trial and error.
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Correctly noted, if you are a beginner, then you need to try yourself in trading and not keep coins until better times, this is how experience is gained on the exchanges, unfortunately by trial and error.
Personally, I have made many mistakes in trading, but this did not add to my experience. I just stopped trading because it’s not mine. And I also stopped holding altcoins, because it didn’t bring any profit to me.
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Hodl strategy in the crypto market is very effective compared to trading, buy and hold in the long term, you still win and get your profit
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If you don't have any knowledge then how can you hold. Though holding is less risky then trade but knowledge is much needed. You can not do anything in crypto market with having knowledge or experience.
Absolutely right. But there are some who try to hodl without understanding. They just doing it because that what they read in a telegram group or someone told them to do so.
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If you have enough knowledge about Cryptocurrencies market, trading strategies, daily trading volumes, total supplies, circulation supplies, you cannot get enough benefits from Cryptocurrencies trading. Remember that holding all time never carry good somethings for you.
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Before investing in any business, you need to know and understand that business first; Otherwise you will not be able to benefit. Similarly, before investing in cryptocurrency, you need to know about cryptocurrency; Otherwise you are likely to lose capital. It is important to know all the details of investing in a cryptocurrency, including the volume of the currency, the total supply, the transport supply, the actual use case, the product, the project development, the team and the future plan. By observing these things, you will benefit and you will be able to hold on to your investment in the long run.
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To hold any coin one must have a good knowledge of the market. Then I think it is possible to make a profit by holding any coin. There are a lot of currencies in the market and to make a profit from the currencies you have to make a habit of holding the coins. So I think it is much better to hold any coin.
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Hodl is gold. This is I believe in terms of potential tokens I received. I will not hodl if the tokens doesn't have a bright future. Hold is gold because if you hold the right tokens your earnings will increase. Of course I must not hold the tokens if I dont know the purpose and without the continues team efforts.
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If you have enough knowledge about Cryptocurrencies market, trading strategies, daily trading volumes, total supplies, circulation supplies, you cannot get enough benefits from Cryptocurrencies trading. Remember that holding all time never carry good somethings for you.
For a beginner to invest, it is not necessary to immediately study information about the entire cryptocurrency. At the initial stage, it will be sufficient to have information about bitcoin or about Ethereum. He should gradually replenish his knowledge so as not to get confused in all this information.
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To hold any coin one must have a good knowledge of the market. Then I think it is possible to make a profit by holding any coin. There are a lot of currencies in the market and to make a profit from the currencies you have to make a habit of holding the coins. So I think it is much better to hold any coin.
It is not just about knowing or having the knowledge of the market condition but rather knowing the coin that you have specially if you just received it from free or by your work hard. Holding from such resources is too dangerous to all newbies who are not yet fully grown in digital currencies.
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Without knowing details of any coins we should not hold that. Actually very beginning of my crypto life i hold some coins for long-term. But After a long time i see that the project is dead there is no trisection of that particular coin. There are several coins are in wallet which are already dead. So you need to be very careful to hold any coin.
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If you want to hold coins, you have to store coins that have a lot of potential because if you apply long-term trading or long-term investments you can buy bitcoin which I think is very good in the future.
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As a rule, those crypto enthusiasts who take part in bounty campaigns are not exactly beginners. Their knowledge of cryptocurrencies is clearly above 0. So if the bounty hunter decided to keep the tokens/coins and not sell them immediately after receiving them, then he is aware of the possible risks ;)
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I completely agree with you, beginners are always lucky to understand, this is not for the crypto world. Only experienced users and professionals who are well versed in cryptocurrency will make their profit here.
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I think this topic best suits the recent rebase projects we have in the market, and my experience with Base Protocol was very bad partly because I didn't understand the project properly before getting involved, and from the number of complaining daily on official Telegram am not the only one, many people get into the project without any full knowledge, they have to watch helplessly how their wallet shrunk to nothing on a daily bases as a result of many negative rebase and occasional few positive rebase, so yeah, if you don't understand don't get involved at all.
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HODL is for those who understand the risk and invest what they can afford to lose because on holding coin there are risks involved in it, these people have picked the right coins or tokens to invest and put all their trust on their portfolio that the day will come it will yield huge profit for them.
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Hodl strategy in the crypto market is very effective compared to trading, buy and hold in the long term, you still win and get your profit
It is very difficult to agree with such a statement. This is true if you are holding the top coins that you bought at the bottom. Otherwise, you may lose or wait a very long time. And trade is profitable if you have the basic knowledge. And if you have in your hand's altcoins received from the bounty, then holding them is generally very risky.
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You are correct mate which is the only thing to secure your fund. Newbies is important to learn the acceptance which is far better than to expect which is as newbies understanding is not enough yet when it comes to reading the market condition.
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^ HODL is a keyword, if you are not good at using it then you will not be able to open your lucky door. if you really need it then sell it immediately.
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Currently it is most profitable to hold any currency. Holding Bitcoin can be the most profitable. Bitcoin currently has the best potential among cryptocurrencies. So before holding any coin in the market, you must know about coins. So I think hold should become a habit of investors.
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I think it's much better to hold on to the current market. It is possible to make a profit by holding any coin. Currently cryptocurrency has been able to gain much more prominence. So many investors in the market have developed the habit of holding.
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It is better to hold cryptocurrencies if those who have no idea about the hold hold on to investing in currencies like bitcoin there will be no risk of making a profit if the price goes up. For beginners it is a very good move and many traders like to hold on to crypto.
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Of course, all of them require research and experience before holding coins for long periods of time.
Update information and the market situation will affect the coin price on the exchange. I will hold coins like Bitcoin and tokens that have a good idea for transactions. The decision to hold the coins requires fire to make a profit
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I predict a blow-off top between $25k - $30
prob somewhere in the middle like $30kgive or take
I gave a gut feeling the FOMO will get pretty crazy in January
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It depends on the situation of a trader if you are a day trader then "hodl" is not your word since you are trading everyday and you are making profit by buying at low and sell at high but if you are not a day trader and busy on other things and no time for day trading but you want to invest on cryptocurrency you should believe in hodl buy and hodl for like 1 to 2 years.
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all of them require research and experience before holding coins for long periods of time.
Not only for long term, even holding a coin for a short term is required understanding about the coin in detail. You shouldn't buy a coin if you only follow the hype without understanding the coin. Crypto coin will be a bubble if you don't know how to choose the proper one. You need a little research to know the potential or the bad side of the coin.
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Part of investing in cryptocurrency is learning what works for you. Be the one to mitigate the risks, and that means you will have to determine when it’s the right time for you to sell. No one can tell you, with certainty, when to HODL or when to sell.
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Hodl is for the wise. In some cases we hodl because we hope. We don't hold because we doesn't hope the project to succeed in the long run. There are things must be consider before holding the coins. Apart from potential, the formation of team is additional factor to trust the project and hold the token.
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At present no coin should be hold except some coins. For example, if you want to hold, Bitcoin Etherium will hold this coin. Also do not hold any other coins. I have seen that it is not possible to make a profit by holding. However, those who bought and hold Bitcoin and Etherium a long time ago have benefited a lot today. So if you want to hold, you have to hold a lot of thought and understanding.
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In Crypto currency business there are two ways by which you can earn one is trading another is holding. Crypto currency is volatile so some times it is very difficult to make profit by trading that time only holding will be the solution. But it is also difficult because you need to understand which coin should be hold. In this regard understand it the key to success in that particular concern.
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That's right, we do anything in this cryptocurrency that requires knowledge and experience, including doing a hold. Because if we hold the wrong coin of our choice, then we will not get the profit but our money will disappear because the coin we hold loses its price.
Yes it is Very important Think for all who trying to HODL some coins like shit. Lots of coins have in crypto market which is not much potential. If we HODL this kind of coin then we can loss our Money.
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We really have to learn it, even though we often hear the word HODL. In Crypto trading or investing, when we have a coin whose price suddenly falls, most people suggest to HODL it. Actually, the purpose of HODL is to get profit from the trading / investment that we do, therefore we must choose the most potential coin to get a high price if we want to HODL the coin.
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Both holding and trading have their own risks that must have because they are not certain for the future market. However, as long as we choose the right coins with a promising future, why not? what is why we must learn and analyze what coins that we invest or trade. Know the coins and put your decision to invest or not
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Don't hold blindly! If you don't understand your coins, how can you hold them? You must be smart to choose good coins to hold. Because only good coins can give you good profits. While investing in the wrong coins, just waste your time. That's why you must understand what coins you are better to hold.
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Don't hold blindly! If you don't understand your coins, how can you hold them? You must be smart to choose good coins to hold. Because only good coins can give you good profits. While investing in the wrong coins, just waste your time. That's why you must understand what coins you are better to hold.
That's right, We must be smart to choose good coins to hold. Because only good coins can give you good profits. Don't hold if you don't understand about this coin. Because Investment is risky, we must learn and really understand .
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I do not have the experience, knowledge, understanding. Holding will likely lose a lot if it will invest. and I am not a professional who knows the previous history of that particular coin. sometimes I am lazy to follow the development of a project after the distribution of tokens from one bounty, I usually auto sell and close the story with the project
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If you really want to play safe by holding a coin, you should really understand exactly how the coin is. because this hold is long term, you should choose coins that are clearly able to last for a long period of time.
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You can choose a strategy for monthly purchases of bitcoin for a pre-planned amount of money and hold it, and then study the market and understand it
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you are right, HODL is not only about keeping coins. It is about the understanding about which coins to hold for long term investment. If it is not the appropriate coin, it may end to be shitcoin. So, be careful in choosing the right coin for hodl, never only follow other hype
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If you really want to play safe by holding a coin, you should really understand exactly how the coin is. because this hold is long term, you should choose coins that are clearly able to last for a long period of time.
There is no such thing as play safe when you want to be a Hodler, because understanding every coin you want to hold actually includes doing the right investment management, because if you don't research first, you will likely lose, not profit.
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Totally agree, before deciding to hold specific coins, you should know about it, because holding without knowledge is a bad idea. Of if you are lazy to learn the project but want to become holders. Bitcoin and other altcoins top is the solution.
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The OP is very right to explain this matter because no matter how big our funds are, if we don't understand how cryptocurrency works, don't Hodl it.
If we have large funds to buy gold and the gold trade is not known how it works then we are not good at buying gold.
All these tricks also don't let us take the wrong step in cryptocurrency because if it's wrong, it's rare then we will lose.
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If you also want to HOLD then only do it on the top 10 coinmarketcap, don't do this on new altcoins because if you do this it's like wasting money. New altcoins are only eligible for medium investment / up to a profit
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If you also want to HOLD then only do it on the top 10 coinmarketcap, don't do this on new altcoins because if you do this it's like wasting money. New altcoins are only eligible for medium investment / up to a profit
You are right that it is better to keep the top 10 coins from the coinmarketcap in your portfolio in order not to suffer losses. And investing in unknown altcoins is a really big risk.
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I am not sure if holding the top coins without making a trade will make a profit.
Holding a coin requires a good understanding in order to avoid large losses, if we hold the coin and always watch the market move and then trade, then we will make a profit even if only a little profit.
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There are many currencies, long-term holdings are likely to die. As a result, many people do not hold the coins for long. Because the market is constantly changing. The changes in the market are noticeable. Any currency other than high-end currencies in the market is likely to be damaged in the long run and has a high level of risk.
If a token serves a certain type of business that has a real product and is developing, then this token may begin to grow in value in a few years. Therefore, holding the cryptocurrency for a long time or selling it depends on the prospects of a particular project. However, in order to understand the cryptocurrency market and make a profit, of course, you need to study it well.
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If you also want to HOLD then only do it on the top 10 coinmarketcap, don't do this on new altcoins because if you do this it's like wasting money. New altcoins are only eligible for medium investment / up to a profit
You are right that it is better to keep the top 10 coins from the coinmarketcap in your portfolio in order not to suffer losses. And investing in unknown altcoins is a really big risk.
Top 10 cryptos investment is safer than new coins. Old coins are strong to face the market instability and can recover again in a matter of time when the market pump again. Old coin investment is also popular and potential to increase when there are huge demands.
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Don't hold blindly! If you don't understand your coins, how can you hold them? You must be smart to choose good coins to hold. Because only good coins can give you good profits. While investing in the wrong coins, just waste your time. That's why you must understand what coins you are better to hold.
Here I agree with you. To invest, you only need to buy old and reliable coins. New coins can fall in price even lower and instead of profit there will be losses. But, if there is a desire to invest in new coins, then, first of all, they need to be well studied in order to choose a profitable coin. But in this case, too, you are at great risk.
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i think you will have to lose so many time and lot of money in crypto before knowing what the word hodl means , because when you start as a newbie in the market you will lose lot of money and in the your first journey you will panic easily , sell in lost but with time you will understand that you only lose when you sell your altcoins in lose ..
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I think you have to understand that before investing in any field; Success will not come if you invest without understanding. Investing in crypto is more risky, so it is important to know about any cryptocurrency before investing in it. Especially Bitcoin, Ethereum and other top currencies are more likely to make a profit by investing and holding. If you can't invest in the right currency then there is no profit in holding.
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i think you will have to lose so many time and lot of money in crypto before knowing what the word hodl means , because when you start as a newbie in the market you will lose lot of money and in the your first journey you will panic easily , sell in lost but with time you will understand that you only lose when you sell your altcoins in lose ..
I think this is where we can see the psychology in trading which is the emotion should be under control because in doesn't matter whether the market is up or down when it is not controlled it could be the trader's downfall.
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What we need to know when going to hodl is knowing how much potential the coin we hold to get a high price. If we understand or don't even know about it at all then it will be very dangerous, because we can lose money. All activities in Cryptocurrency have a high risk, therefore we must learn it first.
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What we need to know when going to hodl is knowing how much potential the coin we hold to get a high price. If we understand or don't even know about it at all then it will be very dangerous, because we can lose money. All activities in Cryptocurrency have a high risk, therefore we must learn it first.
that's true and also look the progress about the coins or token will hold every moment and how to impact a news information update to the value of the coins that also must to do understanding, if we are great overall in all that sure we get a large more profit but also look the risk every time also.
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Holding Ethereum and Bitcoin is the right choice.
Both of these coins have a lot of trading volume on each crypto exchange, as you can see right now, Ethereum price is close to $1k and Bitcoin will hit price $35k.
There is nothing to worry about when holding this coin, but when we want a lot of profit, we will choose a coin with a low price and finally we need to hold it until the price goes up, but that is difficult if the coin you are holding has low trading volume.
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The riskiest thing when you hold a coin is that the coin is suddenly heading to be a dead coin, with no volume and market cap. That is why before holding, it is very important to choose the right coin with high trading volume and market cap.
Many coins with low trading volume and market cap, have increased significantly in price in the market lately. We cannot conclude that a coin with high trading volume and market cap is safe, even a popular cryptocurrency like Ripple has fallen in price and indicated to be shitcoin.
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Crypto currency is normally depend on the source of knowledge. If you are a trader then you need to have world news because it is one another work of crypto trading. You need enough knowledge before you hold any crypto. Without knowledge you will not get expected position in crypto currency.
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I do not agree with TS, if a beginner asks for advice (on a forum or in a telegram), then he is advised to invest in bitcoin, and in parallel study crypto. On our forum, especially for new users, there are separate sections with necessary and important information. When I started studying crypto, this was not yet the case.
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If you are new and truly serious to hodl some cryptos for long term. I advice to risk your money when the market is in the crisis condition. Yet you have to be wise in choosing and make the top ten cryptos in the coinmarketcap (https://coinmarketcap.com/) your choices. Bitcoin and ethereum should be your priority.
I wouldn't advise newbies to risk their money at all. We come to the crypto world in order to make money but not lose it. Therefore, if a beginner is not yet familiar with cryptocoins, then it is preferable for him to invest his money in top coins such as Bitcoin or Ethereum. And only after a while, when he learns the world of cryptocurrency, he will be able to choose which coins to invest in.
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its important to learn before holding especially for the long term its necessary to do a good analysis on the journey of the project or coin so that we can understand which direction the proggress of the coin is and avoid risk.
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its important to learn before holding especially for the long term its necessary to do a good analysis on the journey of the project or coin so that we can understand which direction the proggress of the coin is and avoid risk.
Not only important, but it must be done.
As an investor, it is imperative to do research before investing, because research will determine your investment goals.
In fact, not only research, an investor must also follow the development of the project every week if necessary, this is to make sure that the project is still responsible with the coins they make.
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its important to learn before holding especially for the long term its necessary to do a good analysis on the journey of the project or coin so that we can understand which direction the proggress of the coin is and avoid risk.
Not only important, but it must be done.
As an investor, it is imperative to do research before investing, because research will determine your investment goals.
In fact, not only research, an investor must also follow the development of the project every week if necessary, this is to make sure that the project is still responsible with the coins they make.
Yeah right. Investor should watch the project where he investing just to be updated all the time. Some projects are not capable to continue the momentum or making the project real and this is the point the investor have to pull out the fund.
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No one is immune from trading failures, of course, it is more important to keep bitcoin and ETH in your wallet for the long term, but now the price of these two coins is at its peak, there are other rather promising coins, for example, I would look at DEFI.
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Want to HOLD coins to get big profits in the future, then choosing good coins is a must to do to avoid the risk of losing. Choosing Bitcoin and Ethereum is a very good choice, because these two coins are the best coins and also have a potential high price in the future.
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from the first time I invested in cryptocurrency in 2014, I always invested in two coins that I must hold, namely bitcoin and ethereum.
because both coins have good potential in the long term and are unlikely to betray investors. Look at 2018 when the price of bitcoin dropped to $ 4000 and ethereum to $ 200 I kept it and this year ethereum and bitcoin gave me a great surprise.
the reason I stick with these two coins is that bitcoin and ethereum have high interest and have a large community. so that I am never afraid to lose
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from the first time I invested in cryptocurrency in 2014, I always invested in two coins that I must hold, namely bitcoin and ethereum.
because both coins have good potential in the long term and are unlikely to betray investors. Look at 2018 when the price of bitcoin dropped to $ 4000 and ethereum to $ 200 I kept it and this year ethereum and bitcoin gave me a great surprise.
the reason I stick with these two coins is that bitcoin and ethereum have high interest and have a large community. so that I am never afraid to lose
You did very well indeed. The big problem with many cryptocurrency users who have invested in Bitcoin and Ethereum is that they gave away funds that were very important to their budget. In addition, the constant income from cryptocurrency was very important for their daily life. If you have already made a decision for investment, then you need to invest for a long time and not look into your wallet every day.
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If anyone has no enough knowledge and experience about trading, holdings and investing, I think he shouldn't take any risks to hodl. I think he should sell half of assets if Market pump. And another portion should keep for further development.
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That's absolutely true, in this cryptocurrency we need good knowledge and experience in every activity, especially holding coins. If you want to hold coins, you have to review and research whether the coin has the potential or not, so that you don't suffer losses.
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I agree with the point: if you don't really understand the project, sell its token when it feels necessary.
Aside from the regret of not entering the crypto market earlier, not selling crypto assets also makes many people miserable. Holders over the period of 2017-2018 will understand this very clearly when the token price falled to 1%, holders can only watch the assets evaporate, bullrun appears but not for tokens they hold.
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I totally agree with you, good advice for beginners. It is especially misleading for newbies to invest a lot of money in unknown coins or which, only after listing, almost always disappear after listing.
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Hodling is ultimately the winning idea in crypto, especially when one has done their due diligence and understand that an asset is worth hodling. Sometimes people ended up becoming hodlers due to inexperience in the space and the fact that they allow their emotions to take over their decisive judgement. Some invested money that they cannot afford to loose, hence a small dump will forced them into hodling and not shorting at lost.
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It's better if you decide to hold, you really have to understand what coins you are holding, you have to understand. This is important so that you don't get lost.
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It's better if you decide to hold, you really have to understand what coins you are holding, you have to understand. This is important so that you don't get lost.
It's totally correct. But for the new bounty hunters holding is not advisable if you don't care about the condition and the future of the coins and you only care about the price. In this case hodling is unnecessary because they might hodling it for the lose.
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I think it's true that HodL is only used if we fully understand what we have for all cryptocurrencies.
I see this is something we have to do because if we are not familiar with the basics of various cryptocurrencies then it is the same as gambling.
Maybe the coins that we HODL can increase or even the coins we HODL can become worthless trash.
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If you have no idea about the cryptocurrency market, then holding any coin is likely to be a loss. Like I bought Celo a few days ago. It sold at a loss of $50. Because I needed local money, I was forced to sell. But now the price has gone up a bit.
Even investing wisely can lead to losses. So I think those who have extra dollars. Other currencies should be bought and traded without holding usdt. You must choose the right time to trade. By joining different paid signal groups, you can take signals for trading.
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In my opinion, Hold must know in great detail what coins we hold. Because this hold must have basic knowledge which is very important.
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much better to hold if you are not yet experience trader or just a newbie. if something goes wrong you always have the token in your wallet to wait for another wave of increase. rather than risking for something you are not familiar with.
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much better to hold if you are not yet experience trader or just a newbie. if something goes wrong you always have the token in your wallet to wait for another wave of increase. rather than risking for something you are not familiar with.
You had said it already. Risking for something you don't really familiar with is a big no and this is too dangerous for newbies. That is why holding than selling is totally high risk and so I agree with the OP but this is a personal decision if you can manage to let go the your lose when the tokens you are holding turned to trash.
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much better to hold if you are not yet experience trader or just a newbie. if something goes wrong you always have the token in your wallet to wait for another wave of increase. rather than risking for something you are not familiar with.
You had said it already. Risking for something you don't really familiar with is a big no and this is too dangerous for newbies. That is why holding than selling is totally high risk and so I agree with the OP but this is a personal decision if you can manage to let go the your lose when the tokens you are holding turned to trash.
And so that tokens do not turn into garbage and money disappears along with them, beginners should choose old and reliable coins: Bitcoin and Ethereum. And only with the advent of experience, they can choose coins from new ones.
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Trading is better for expert. Losing money for newbie traders is common.
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I suggest storing only the best coins for a long time, including 50 percent Bitcoin, 30 percent Ethereum, and the remaining 20 percent of the coins you consider to be promising. In such a distribution of your capital, you will definitely be in profit!
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Trading for beginners is very dangerous, because you can lose your whole deposit, it's better to buy some promising tokens and wait for their growth
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this is not true. there is a reason for Holding tokens. in the word of my teacher who taught me on how to invest in cryptocurrencies. he said that what ever decision you made is always right. do not regret selling or buying any token. unless you gambled with a shit coin. as long as you bought a token with a future and great road map, hold it. you will rip the benefit of you reward.
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hodl needs to be done to get the income / price in accordance with what we expect. because sometimes hodl will make us feel the true price. but if the coins we hodl have no future prospects it's better to just sell them
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Before holding a coin there are lot's of things you have to understand you can't just see a coin now and u will develop interest for it and you will buy it. Before buying a coin always make sure you do your research first know the kind of coin you are trying to buy and hold, if you don't do proper research you might endup buying a shit coin or a dead coin which will lead to total lost of fund.
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Before we are going to hold we need to understand first specially the coin or token that we are holding, we need to search everything and make a proper decision if we are going to invest or not, beause if we invest without any proper understanding we are just like wasting of time and asset, because there are a lot of scammer on crypto and we need to be always careful on it.
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Actually hold is a great method in crypto to get what we want. However, before we hold, we must first know the characteristics of the coins we are holding well. Do not let us choose the wrong.
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This is a million dollar question.without understanding Hold is so risky.when anyone do not know about support,Resistance ,target of that special coin, Holding is not good.Just take profit and exit if you do not know.
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Actually hold is a great method in crypto to get what we want. However, before we hold, we must first know the characteristics of the coins we are holding well. Do not let us choose the wrong.
As several people said Patience is a virtue.I think Hold is good method to profit while the market is red.But we should learn the market progress and the coin. I agree don't hold if you don't understand. We must have good analysis
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It is good to hold a coins very much necessary but before then you need to understand where the crypto currency project you holding is actually going probably by studying the roadmap, it will really help so that you don't just get worried weather the price will dump or go up study the project don't just hold so that you won't end up holding shitcoins.
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I suggest storing only the best coins for a long time, including 50 percent Bitcoin, 30 percent Ethereum, and the remaining 20 percent of the coins you consider to be promising. In such a distribution of your capital, you will definitely be in profit!
For those who are very greedy, Bitcoin's profits are not attractive to him now. They will choose those very niche altcoins. If they succeed, they will be very profitable. Of course, they have risks and many have failed. In the end, they all lost their original money.
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I agree to your opinion. Because without not much knowledge you can't survive. But if someone suggest to hold & it will be going to be good then you can hold. Better to learn some knowledge about crypto, otherwise difficult to hold money.
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If you have already made a decision for investment, then you need to invest for a long time and not look into your wallet every day.
looking at the wallet every day it is necessary. because we must always see whether the coins we hold in our wallet are okay or lost to hacker.
but more importantly, always watch the market movement every day. do not miss when the price goes up high we do not sell it and we have to wait a long time to sell at a higher price
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I would say if someone says HODL, he means we should not rush for quick profits. Because we all know trading is huge risk, it is like betting in a casino. In opposite is HODL, where we use good limited coins (like BTC at 21 Million coins) and profits from it because it's scarce and used as a store of value.
Bitcoin is a good coin to HODL but not all Alt Coins are good to HODL.
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Study the coins we will hold first, that is the right way to profit from what we hold. Holding coins without understanding the token will be dangerous, even at the risk of losing it. In this Cryptocurrency every step will determine your fate, so be careful and always be vigilant.
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Learning every step of the coin must be from the beginning and must be studied as carefully as possible because it is very dangerous if we just hold a number of coins without knowing the fundamentals because it will turn around for us to lose.
Now we can see that Ethereum has flown over and that's the effect of us not knowing Hodl Ethereum at the low price.
Maybe in the past we didn't know what Ethereum was created for, so we missed the Hodl Ethereum moment at a low price.
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For those who are very greedy, Bitcoin's profits are not attractive to him now. They will choose those very niche altcoins. If they succeed, they will be very profitable. Of course, they have risks and many have failed. In the end, they all lost their original money.
Everyone who invest in cryptocurrency understand the risks. And investors investing in bitcoin or altcoin have thought it right.
Because investors already have their own analysis to run their money.
So, that when they invest in crypto, they don't really think about risk and already have a stop loss analysis.
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Everyone who invest in cryptocurrency understand the risks. And investors investing in bitcoin or altcoin have thought it right.
Because investors already have their own analysis to run their money.
So, that when they invest in crypto, they don't really think about risk and already have a stop loss analysis.
what my friend said is something that really happens to every investor if they place their funds wherever they are, it is definitely analyzed properly and they know the risks that will occur. because clearly the risk of loss is clearly their priority because in crypto the risk is very high so it is certain that it has been well thought out. But as an investor the losses on the one hand will be covered by the gains elsewhere and it is usually true and embedded in their minds.
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Well, It hurts more if you invest cash and don't get the desired profits. This is why it's very important to do your own research before holding any coins. As there is a lot of hype about bitcoin, so a lot of investors invested out of greed, so they can earn a lot of profits in a quick time. If you are lucky, then it may work. It's also very risky if you don't understand the market well. You wouldn't mind holding if you got coins by participating in bounties and airdrops. Because it takes time to fully realize the full potential of a project.
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Without understanding any business, and even more so without understanding the basics of cryptocurrency trading, achieving a positive result in this business will not only be difficult, but simply unrealistic. Without knowledge, unfortunately, there will be complete failure and disappointment.
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Yes, you're right every one who invest in crypto currency understand the risk. Because crypto currency is unpredictable and really risky. I have seen several coin, we should learn about which coin doyou hold.
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Well, It hurts more if you invest cash and don't get the desired profits. This is why it's very important to do your own research before holding any coins. As there is a lot of hype about bitcoin, so a lot of investors invested out of greed,
The problem with investors now is that they don't understand the current market conditions, and that's what the OP wants to say. Another big problem when they invest because they follow FOMO ))
Although airdrop hunters and bounty hunters are investors, they don't belong to this category, because they get it for free (don't buy it with money), so knowing the market or project conditions is not really important.
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Well, It hurts more if you invest cash and don't get the desired profits. This is why it's very important to do your own research before holding any coins. As there is a lot of hype about bitcoin, so a lot of investors invested out of greed,
The problem with investors now is that they don't understand the current market conditions, and that's what the OP wants to say. Another big problem when they invest because they follow FOMO ))
Although airdrop hunters and bounty hunters are investors, they don't belong to this category, because they get it for free (don't buy it with money), so knowing the market or project conditions is not really important.
Mishandling emotion is what drives those guys to enter in investment without proper understanding through research and checking the authenticity of a project.
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Investing in cryptocurrency is one of many options for investing your money. In fact, it’s pretty hard to avoid hearing about the crypto market and its opportunities. All this buzz doesn't mean it’s the safest way to invest.
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Yes, we heard every now and then hodl but it does not suit everyone because impatient holders or traders don't understand how actually can help hodl. One more thing I would like to clear here Hodl only helpful when you hold the good potential coins if you hold shit coins there will be no benefit of holding you can end up in a loss. Even in planning to hold, you must set your target of exit otherwise you can be a victim of greed in the end.
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I think all new people in cryptocurrency will eventually understand how best to invest, how to trade and how to hold. It all comes with experience.
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I am usually a born hodler. My instinct is usually to hkeep my bags, because as a bounty hunter, I usually have many of them. Some projects you think you understand that have a future sometimes flip belly up and die gradually, and you end up holding the bag. So its not a hard and fast rule
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I am usually a born hodler. My instinct is usually to hkeep my bags, because as a bounty hunter, I usually have many of them. Some projects you think you understand that have a future sometimes flip belly up and die gradually, and you end up holding the bag. So its not a hard and fast rule
Same here but in my own experience dont ever hold if its in bear market or you will get rekt Im a victim of this hodl I have few tokens last 2017 and hodl until mid 2018 and when the time I need money I have no choice but to sell at low price hold only if the market is going to bull season.
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I think this is an apt statement. what do you hold for if you don't understand. because it will be a waste of time and you could actually miss the opportunity.
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Yes, we heard every now and then hodl but it does not suit everyone because impatient holders or traders don't understand how actually can help hodl. One more thing I would like to clear here Hodl only helpful when you hold the good potential coins if you hold shit coins there will be no benefit of holding you can end up in a loss. Even in planning to hold, you must set your target of exit otherwise you can be a victim of greed in the end.
It is really useless to hold junk tokens and see them lose value. So it is essential to regularly update information about tokens & projects to decide whether to sell or keep crypto assets. Some decide to sell 50% of tokens when seeing a good price, it is not bad strategy :)
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Clever investors buy and hold at the bear market and sell at the bull market. Otherwise, the loss is inevitable for u guys.
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Doge coin just came to my mind and I wonder why some Redditors love that coin as if there life depends on it but only few understand what that coin is all about.
Elon keep shilling and they keep buying, that's pure madness with zero cautious of investing. I don't hold if in don't understand and at the same time, I don't promote when it wouldn't benefit the people.
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HODLING is now the most optimal solution. Since a lot of people are already coming to cryptocurrency - and they will buy everything that is. Almost everything. Patience is the key to wealth
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Bitcoin and ethereum should be your priority.
Disagree, yes Bitcoin and Ethereum are the king, but remember the king can be replaced. We see the real fact that Bitcoin and Ethereum fail to call Alternative payment, and so many coins prove better than Both.
Maybe was I think Bitcoin and Ethereum is the priority but now BNB is my priority
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i am of the opinion thT IF YOU don't understand the crypto space, just buy BTC, ethereum and xrp and hold for as long as you can. you will definitely not regret it. as huge as this market is, i seriously doubt if the price will go down again. the signs are clear the crypto market is undiluted and more funds are pouring inside.
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Holding isn't always good idea specially for shitty tokens but for good coins and tokens that have bright future, good team team performance, possibility to list reputed exchanges will be better to hold but it is also dependent on the market situation. Proper understanding for selecting any token or coin for hold is a must.
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Being a holder means having endurance, patience and composure. As long-term investment has great risks, especially for new projects, and you cannot know if the project will last long enough to recoup your investment and make a profit, and not go into failure. carefully weigh the pros and cons and a decision is made.
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Yes, one should understand what are the benefits and losses of "hodl". I would say it's not like that every time you hold you will earn profit. It purely depends on your holdings we can not expect shit coins will give us good profit in the long-term. Always research about the coin you are holding because you are the only one who can decide what is good for you and do not rely on others' opinions. Only trust your analysis. On the other hand, when the market is bad we should remain patient and should not make haste to sell.
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In other words "don't buy if you don't understand." None sense to buy or even hold the tokens if the person don't understand what he is doing. Hodl is not about impatience rather enough patience is necessary to bear the market condition thinking about the future gem is in at hands. Hodl for moon or hodl for doom. ;)
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In other words "don't buy if you don't understand." None sense to buy or even hold the tokens if the person don't understand what he is doing. Hodl is not about impatience rather enough patience is necessary to bear the market condition thinking about the future gem is in at hands. Hodl for moon or hodl for doom. ;)
For those people who do not have enough knowledge and experience, it is best to try investing in higher-rated cryptocurrencies and thereby reducing the risks of losing their funds. This will make you more confident in your actions. I believe that everyone started with something and had no experience at all.
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Before buying a particular cryptocurrency, you need to carefully study the project. Long-term project requires patience and patience. If you have confidence in the project, then you should not worry about frequent price changes.
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Before buying a particular cryptocurrency, you need to carefully study the project. Long-term project requires patience and patience. If you have confidence in the project, then you should not worry about frequent price changes.
Of course, confidential will be needed when you want to hold. Because there are several scam project. We should learn the project and the team . Then when we are confident we can buy and hold it.
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Holding is a thing that you can never do if you don't understand. You must understand that if you buy a coin at any time it will be profitable to hold it. If you don't understand well about holding then you will never make a profit by holding it. There are some coins that hold You can never make a profit by doing so. So I would say that when you hold it, you must know the future of that coin and what is the status of that coin in the country, then call.
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That's right, people always said hold about coin that they believe based on instinct. They ignore other things like the current market condition and don't have full knowledge of the coins they hold. Stay away from greed and sell when you're in profit, it's better to buy back again in the dip than holding until you lose your money.
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That's right, people always said hold about coin that they believe based on instinct. They ignore other things like the current market condition and don't have full knowledge of the coins they hold. Stay away from greed and sell when you're in profit, it's better to buy back again in the dip than holding until you lose your money.
Holding is good but holding without doing research for the coins can be considered improper action and a bounty hunter is just holding a blind hope. And you are right to say sell when already has profit. But I think this time most of the bounty hunters couldn't afford the gas so holding is the only thing they can do.
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At the moment, there is no point in storing coins for a long time. The market is unstable. Even Bitcoin and Etherium need to be sold and redeemed on time.
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Of course, just hold the coins that have the best potential to increase more. But for the coins that possibly drop their prices in the future, it is better to sell them soon. What for keeping the coins that have a bigger chance to have lower prices or even can be dead coins in the future. It is better to sell them as fast as possible when they still have good prices.
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The word "hodl" in crypto space is what we always heard and read from folks and I believe bunch of individuals are saying this even they don't understand and those with the same feathers were coming to join this blinded community. I'm saying this because I'd been there men, and guess what, my $1,5k had join the bearish and did not recover. I let my money burned to nothing.
Here is my advice, don't listen to those who are saying "hodl" if you don't understand and don't let your ignorance produces greediness which will become your greatest regret in the end.
Here is the thing, if you don't understand the market sell your crypto if you just get it from airdrop or bounty. Never mind the bushers, a project can survive if it is promising and if not at least you didn't let your luck ended up to nothing and besides participants in bounties and airdrops are not always to blame. If you are new in crypto investment don't expect to much rather, trade your crypto if profit is already there. Don't believe your instinct because that is not the right way in the market but your knowledge and understanding of market condition. Your instinct might reward your first attempt but but that is just a blind luck so stop using your instinct in a wrong place.
If you are new and truly serious to hodl some cryptos for long term. I advice to risk your money when the market is in the crisis condition. Yet you have to be wise in choosing and make the top ten cryptos in the coinmarketcap (https://coinmarketcap.com/) your choices. Bitcoin and ethereum should be your priority.
I believe that is the key suggestion there. It si not about HODLing but what cryptocurrency are you HODLing? if after you bought and the price started going down and you understands that the crypto you invested on has been crypto market tested Like BTC, ETH and some other coins, then you shouldn't be scare of losing your investments rather it should be a matter of how long it will take for the market to reverse.
You posted this in Dec 2020 and if you have invested in any of the top 100 coins and held it till now I don't believe you would have posted this thread so you see, once you know what you invested in and have the will to follow through, you are good.
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A lot of newbies hodlers always believed that hodling of coins will probably make them rich quickly without considering the consequences of the market becoming bearish thus sell off their coins at a loss, to hodl any particular coin for a long term perceptive the hodler is expected to do a thorough research about the project potential in the future check out the team behind the project and pay attention to their whitepaper, BTC, ETH, BNB are some of the popular cryptos that don't really need research for hodling apart from those mentioned others requires research.
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Long-term storage of coins - HODL is a very profitable investment, just remember that you always need to know about it. Read the news and get interested in the roadmap so you don't miss important updates.
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Long-term investing does have a high risk.
But for investors who dare to hold coins for the long term, usually they have analyzed in detail before hodl. So that investors are not afraid of all the risks that will occur
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In other words "don't buy if you don't understand." None sense to buy or even hold the tokens if the person don't understand what he is doing. Hodl is not about impatience rather enough patience is necessary to bear the market condition thinking about the future gem is in at hands. Hodl for moon or hodl for doom. ;)
For those people who do not have enough knowledge and experience, it is best to try investing in higher-rated cryptocurrencies and thereby reducing the risks of losing their funds. This will make you more confident in your actions. I believe that everyone started with something and had no experience at all.
True, and I believe apart from Investing in Higher rated cryptos I believe the key word is Patience. Investors need to have a bit or more patience once you have confirmed you invested in a good project and that it will only take a bit of time for that profit to show. So for me it is Patience.
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In other words "don't buy if you don't understand." None sense to buy or even hold the tokens if the person don't understand what he is doing. Hodl is not about impatience rather enough patience is necessary to bear the market condition thinking about the future gem is in at hands. Hodl for moon or hodl for doom. ;)
For those people who do not have enough knowledge and experience, it is best to try investing in higher-rated cryptocurrencies and thereby reducing the risks of losing their funds. This will make you more confident in your actions. I believe that everyone started with something and had no experience at all.
True, and I believe apart from Investing in Higher rated cryptos I believe the key word is Patience. Investors need to have a bit or more patience once you have confirmed you invested in a good project and that it will only take a bit of time for that profit to show. So for me it is Patience.
I totally agree with you on that. The problem is people thinking once you get into a crypto trade from that point it should all be upward and never down wards and yes we all want to earn but you have to realize that markets go up and down and if you not only have the knowledge to invest in good and established projects but also understands how the market works, then having the patience in HODLing you assets wont be a problem.
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In other words "don't buy if you don't understand." None sense to buy or even hold the tokens if the person don't understand what he is doing. Hodl is not about impatience rather enough patience is necessary to bear the market condition thinking about the future gem is in at hands. Hodl for moon or hodl for doom. ;)
For those people who do not have enough knowledge and experience, it is best to try investing in higher-rated cryptocurrencies and thereby reducing the risks of losing their funds. This will make you more confident in your actions. I believe that everyone started with something and had no experience at all.
True, and I believe apart from Investing in Higher rated cryptos I believe the key word is Patience. Investors need to have a bit or more patience once you have confirmed you invested in a good project and that it will only take a bit of time for that profit to show. So for me it is Patience.
Top rank altcoins still hold the high risk. You can only have safety of your investment when you entered during the bearish market. Buying during the bull season is too risky for newbies because aside from the sudden change of trend greediness could lead the newbies to be not satisfied the profit and expect more and lost the fund.
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That's right, people always said hold about coin that they believe based on instinct. They ignore other things like the current market condition and don't have full knowledge of the coins they hold. Stay away from greed and sell when you're in profit, it's better to buy back again in the dip than holding until you lose your money.
No matter how we study the cryptocurrency market, we will still make mistakes. It's unavoidable. However, it is, of course, necessary to try to minimize your losses. Investing first of all
into already well-known coins with a high level of capitalization, if it is difficult for us to understand the prospects of new projects and their tokens.
Regarding the long-term retention of the received tokens during participation in bounty campaigns, the old tokens of 2017-2019 are now rarely valuable. The practice of holding them for a long time did not bring much profit. However, the situation in the cryptocurrency market is constantly changing. What was unprofitable yesterday may become profitable tomorrow.
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In cryptocurrency, if you don't understand hold, then never go for hold. Just as hold can change people's life overnight, it can also bring people down the road in a moment. So if you want to do anything in cryptocurrency, you must understand. If you do not do something consciously, then you will see that at one time you are in big danger.
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In cryptocurrency, if you don't understand hold, then never go for hold. Just as hold can change people's life overnight, it can also bring people down the road in a moment. So if you want to do anything in cryptocurrency, you must understand. If you do not do something consciously, then you will see that at one time you are in big danger.
To me, the concept of HODL is dependent on the project I am investing on. I am not just going to buy some random coin/token and decides to hodl for a long time if not to flip for the immediate gains. If you know why you are investing in a project and understands that the price is super volatile and if that should happen, you don't have a problem Hodling that Token/Coin for a long time, then you understand what you are doing but if not, then you don't have any business hodling some coin you do not understand its potential.
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I agree with you. But now there is such a moment in the market that buying is a big risk, because now is such a time that the market is not clear how it will behave and is likely to go down.
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I also believe that even an experienced trader can make a mistake, so if a coin is growing, then it is better to sell it right away and buy it when it falls and observe how it behaves in the market.
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So far, holding coins should be better to choose the coins that really have good fundamentals, real case products and also clear concept of the utility of the coins or tokens itself. But for lower risks, just hold the top coins in order to minimize the risks.
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I also believe that even an experienced trader can make a mistake, so if a coin is growing, then it is better to sell it right away and buy it when it falls and observe how it behaves in the market.
Yes that is the right way, but even that strategy is not that easy to execute because you see the market has its own way of moving and you really have to have the confidence and understand the coin/token you invested on will make it else you will find yourself selling when you should be hodling and Hodling when you should be selling.
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I guess the origin of the word "hodl" is a type of typo from someone to call "hold" but lately it is very popular to use "hodl" as it looks cool.
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You are very right mate, most people don't understand what hodl actually means, I wanna say that I kind of count myself lucky cus I've participated in several bounty campaigns and whenever reward is sent out to participants, I was always able to tell whether the project will last or fail along the way, and being able to tell this helps me make a decision of whether to sell my reward or hold it, and surprisenly, I've always been right, 99.9 percent of bounties I sold my reward immediately I got them are already failed, some turned scam along the way, and others were abandoned along the line, this is to say that personally, I always research a coin very well before making the decision of whether to hold for the long term or sell immediately I get some profit.
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You always need to be very careful about everything.In the cryptocurrency field , and if you invest in any cryptocurrency, then it is best to invest in proven top cryptocurrencies and then you will can always get a good profit and, of course, you also need to be able to properly hold your cryptocurrencies.
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I got your point, if someone is new in crypto he shouldn't just invest without knowing much about the crypto market and also shouldn't take advices on which coin to buy ignorantly it's better to do your own research, if a projects launchs a token or its been listed recently it isn't advisable to just jump into buying rather make a good research to be sure the coin got strong potentials to survive long in the market, and also if you must invest in any coin be sure to buy when prices are down, no matter what never buy at the top.
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Personally, I don't listen to the opinions of others. Because I'm used to solving everything myself. I also held coins before and they only brought me losses. Therefore, keeping coins in my portfolio is not for me now.
I think listening to what have to say is not the problem, doing your own research is, cause if you have done a good research you would understand and see things from a different angle, holding is by far the fastest way to become a millionaire, not advising you should hang on to any coins that isn't a solid project, hold coins from solid projects and trust me you will have a different reason to hodl rather than sell off cheaply.
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So hard to predict when to buy, sell, or HODL your cryptocurrency at any point. If you ever decide to HODL any cryptocurrency, keep a watch out for any news or events that impact the price of your invested cryptocurrency. Of course there must be some knowledge.
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So far, holding coins should be better to choose the coins that really have good fundamentals, real case products and also clear concept of the utility of the coins or tokens itself. But for lower risks, just hold the top coins in order to minimize the risks.
I agree mate, I think hold top coin is better and more safety than hold below. I personally prefer hood bitcoin, Ethereum, cardano and litecoin. But If you have good knowledge and analyzing about new coin, you can do it.
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The riskiest thing when you hold a coin is that the coin is suddenly heading to be a dead coin, with no volume and market cap. That is why before holding, it is very important to choose the right coin with high trading volume and market cap.
I think this is the point alot of people miss out on, do not hodl a coin which the future is uncertain and not bright, don't hodl a shit coin hoping for a miracle to happen and its never going to happen, always make sure whatever coin you hold unto has a bright future or else you are going to be doomed or get Rekt.
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Hodl requires patience and time to make a good fortune but at same time there is a risk involved if the asset being hodl isn't strong enough to last in the market, there are some shits coin once there is a crash in the market there drop drastically so its better to go for coins with much trading volumes to avoid great lose.
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We know that cryptocurrency market is one of the most sensetive space for holding crypto. Because when we holding coin it can be safe coin in market cap.If we know how to hold bitcoin,ethereum etc we can successful in cryptocurrency market. otherwise we fall down to the cryptocurrency market.So if we hold coin we must understand the high time or situation for cryptocurrency market position.
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Hodl requires patience and time to make a good fortune but at same time there is a risk involved if the asset being hodl isn't strong enough to last in the market, there are some shits coin once there is a crash in the market there drop drastically so its better to go for coins with much trading volumes to avoid great lose.
Of course, we must be patience when doing to hold. Don't be panic when bearish come. We should know alot about the coin which we hold. Learn the chart, team , project and character. I agree with OP, don't hold if you don't understand.thats true.
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If we choose a strange token and just follow FOMO then we will be caught in a price loss and it really hurts.
I am sure that with all these things we understand very well what we have to do with Coinmarketcap's top 10 coins.
Better hodl Coinmarketcap top 10 coins and it will guide us to the top of the profit.
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Long-term investment-only inexperienced crypto enthusiasts can consider that the process is very simple, you buy and hodl. But in reality, everything is much more complicated, they see only the tip of the iceberg, when a successful investor tells how he bought coins and a few years later he became rich. But few people wonder how many projects he studied before, how much time he spent on the analysis (and the project that brought profit and all the others).
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If we choose a strange token and just follow FOMO then we will be caught in a price loss and it really hurts.
I am sure that with all these things we understand very well what we have to do with Coinmarketcap's top 10 coins.
Better hodl Coinmarketcap top 10 coins and it will guide us to the top of the profit.
That's true, don't follow FOMO, you will.lost alot. I have lost alot when follow Como, and for now, I personally never believe about FOMO. I think It just whales game. Don't buy the coin, You should wait and see. Many investors have lost because don't understand about coin that they hold.
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Currently there exist many expert groups that often provide signals to crypto community, during this bull-run their signals are quite accurate such as BNB will reach a minimum of 480 USD, ETH will reach 2000 USD, and community members can trust, buy and hold tokens until November 2021. Sometimes there are some exceptions, holders of tokens because of their absolute trust in some crypto experts.
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I understand that the crypto industry is still at the very beginning of its development. And if I buy my coins for a long-term hold not with my eyes closed, but only after a comprehensive and thorough analysis, then it is very likely that my efforts and my patience will be rewarded.
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Hold is one way to get big profits in getting money in this Cryptocurrency, but it will come true if we hold the correct Crypto coins and have good potential. And if we choose the wrong coins then we will lose, and this is why we need to understand and know about the Coins we hold.
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Crypto currency investment profit comes from different ways holding is one of them. But its need to learn by which currency is needed to hold. You hold such currency which has not increasing in the future from that currency you will not get any benefit in the future so it will be loss project for you. For that reason selection of coin is more important for holding any coin.
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Don't be greedy. Take small profits. this is a best technique i think. But if you are holding coins for long term then must sets your price targets. And when price hits your target then left the market.
But if you are a newbie then don't believe in anyone. Make your own technical analysis. When you are confident about your trade then take a trade.
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Hold is one way to get big profits in getting money in this Cryptocurrency, but it will come true if we hold the correct Crypto coins and have good potential. And if we choose the wrong coins then we will lose, and this is why we need to understand and know about the Coins we hold.
I totally agree with you. I used to store bad projects and keeping them did not give me money only one loss but now that the market is bullish I managed to get out of them and I am very happy about it.
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Hold is one way to get big profits in getting money in this Cryptocurrency, but it will come true if we hold the correct Crypto coins and have good potential. And if we choose the wrong coins then we will lose, and this is why we need to understand and know about the Coins we hold.
Yes, I think Hold is one way to get big profit ,if you know which coin do you hold, or you really understand about your coin.
We must be careful don't wrong to choose the coin ..You will get lose , If you choose wrong coin..I think .