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Author Topic: Don't HODL if you don't understand  (Read 13470 times)

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Re: Don't HODL if you don't understand
« Reply #75 on: December 28, 2020, 04:40:31 PM »
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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Re: Don't HODL if you don't understand
« Reply #75 on: December 28, 2020, 04:40:31 PM »

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Re: Don't HODL if you don't understand
« Reply #76 on: December 28, 2020, 05:20:16 PM »
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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Re: Don't HODL if you don't understand
« Reply #77 on: December 28, 2020, 05:26:31 PM »
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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Re: Don't HODL if you don't understand
« Reply #78 on: December 28, 2020, 06:25:38 PM »
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.
« Last Edit: December 28, 2020, 10:50:05 PM by Seerge »

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Re: Don't HODL if you don't understand
« Reply #79 on: December 28, 2020, 11:27:24 PM »
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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Re: Don't HODL if you don't understand
« Reply #80 on: December 28, 2020, 11:33:44 PM »
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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Re: Don't HODL if you don't understand
« Reply #81 on: December 29, 2020, 12:28:15 AM »
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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Re: Don't HODL if you don't understand
« Reply #81 on: December 29, 2020, 12:28:15 AM »


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Re: Don't HODL if you don't understand
« Reply #82 on: December 29, 2020, 02:10:15 PM »
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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Re: Don't HODL if you don't understand
« Reply #83 on: December 29, 2020, 02:22:13 PM »
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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Re: Don't HODL if you don't understand
« Reply #84 on: December 29, 2020, 03:51:03 PM »
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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Re: Don't HODL if you don't understand
« Reply #85 on: December 29, 2020, 11:01:38 PM »
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

Offline ayatoslaw

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Re: Don't HODL if you don't understand
« Reply #86 on: December 30, 2020, 12:45:27 AM »
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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Re: Don't HODL if you don't understand
« Reply #87 on: December 30, 2020, 04:13:43 AM »
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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Re: Don't HODL if you don't understand
« Reply #88 on: December 31, 2020, 05:35:24 AM »
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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Re: Don't HODL if you don't understand
« Reply #89 on: December 31, 2020, 06:36:39 AM »
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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