Don't HODL if you don't understand

[Andruha1993]

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.

[zilzylian]

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.

[Noverteno]

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.

[Jaguar]

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.

[svetlana]

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.

[iloveyobit]

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 ..

[Rafiq]

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.

[Quantum X]

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.

[Duckenth]

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.

[sidik7]

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.

[pelana vreo]

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.

[Thymoty]

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.

[Blue_sea]

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.

[GREENch85]

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.

[svetlana]

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 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.