Is it a good idea to HODL?

[owlest]

Holding is actually the best way to get more profit than day trading, but we must be careful to choose which projects have potential in the future. you can easily get x10 or even x50 from current prices, patience is the knowledge.

I wouldn't be so sure. It is worth looking at what amounts you are trading with. Sometimes the profit from one trade in the market can exceed the profit of more than several years of storage. Holding funds is good, but if you know how to trade, why not pool them together?

[Anonylz]

Holding is actually the best way to get more profit than day trading, but we must be careful to choose which projects have potential in the future. you can easily get x10 or even x50 from current prices, patience is the knowledge.

I wouldn't be so sure. It is worth looking at what amounts you are trading with. Sometimes the profit from one trade in the market can exceed the profit of more than several years of storage. Holding funds is good, but if you know how to trade, why not pool them together?

I too agree that trading is good and there is a potential opportunity of making more from that than just hodling and I have tried to do it a couple of times, I have made more losses than gains  but the thing is, I am learning every day and I have the will to know how to cos Like you said, you can make more from a single trade than what you hodl for a year in some cases plus the chance of constant profit accumulation over that hodl period.

[rizqillah]

Holding is actually the best way to get more profit than day trading, but we must be careful to choose which projects have potential in the future. you can easily get x10 or even x50 from current prices, patience is the knowledge.

I wouldn't be so sure. It is worth looking at what amounts you are trading with. Sometimes the profit from one trade in the market can exceed the profit of more than several years of storage. Holding funds is good, but if you know how to trade, why not pool them together?

Yes, I think We can do daily trading hold together. Because Hold is  good for long term investment, holder always be winner if you choose good coin..Trading is also.profitable and will give us profit daily.

[Millionaire]

if hold coin for the long term it is better to hold top coin like ethereum and bitcoin. if the hold of coin from the new project is very high risk as coin are not managed by the maker and delist from the market.
but if you want to hold top coin, it's better to wait for lowest price or wait for the bearish to come.
and when the bullish come like this time it is better not to hold back for the long term but trade for bigger profits

[Fivestar4everMVP]

Well, HODL goes in hand with the principle of patience and that is one of the smartest principles in crypto used by most experts to earn huge amount of money. Holding a coin for a long time unleashes the true quality or value of the coin as it takes time for most investors to see the potentials on some coins. Almost all my hodlings pay off.

If truly almost all your holdings paid off, then I must say you are a very lucky person, but I believe thats the hand work of proper research before investing in a good, I myself have researched and invested in some coins which I thought would do well but along the line, one or two things would happen which some times makes me end up even selling off the said coin at a loss, like foe example, there was a time I invested heavily on DGTX, my plan was to hold it for a very long time because the project looked promising, after about two or three months, they came up with the news of minting new coins, billions of it, I had to dump it cause every was angry and dumping, the price went down sharply and I had to sell at a huge loss.

[pacar_tiri]

if hold coin for the long term it is better to hold top coin like ethereum and bitcoin. if the hold of coin from the new project is very high risk as coin are not managed by the maker and delist from the market.
but if you want to hold top coin, it's better to wait for lowest price or wait for the bearish to come.
and when the bullish come like this time it is better not to hold back for the long term but trade for bigger profits

There are several new projects that have good progress, We must learn the coin and the team. But If you don't like the risk, I think You can choose top coin like bitcoin and ethereum. It depends on what coin do you want to invest.

[therozaq]

Well, HODL goes in hand with the principle of patience and that is one of the smartest principles in crypto used by most experts to earn huge amount of money. Holding a coin for a long time unleashes the true quality or value of the coin as it takes time for most investors to see the potentials on some coins. Almost all my hodlings pay off.

Yes,  I see many investors have successfully by hold. I think hold is the best way to get profit if you have free money to invest.  it If you have to fulfill your need, I think You can do daily trading and hold for short term.

[xanxus.kun]

Though this thread has been posted a long time ago, I believe it is still a good idea to hold while being mindful on the market trends. The current status of the market right now shows no sign of correction so I guess holding for a bit more is a good idea.

[gabbie2010]

The idea of hodl has made many investors rich even some bounty hunters who patienctly hodl their tokens are not left out in making huge profits last year  in early stage of Covid-19 the price  BTC pullbacked to ,$3800+ some investors mustered courage and bought some BTC to hodl while the price pumped to $57K+ this year which amount to massive reward that is the power of hodling

[Millionaire]

There are several new projects that have good progress, We must learn the coin and the team. But If you don't like the risk, I think You can choose top coin like bitcoin and ethereum. It depends on what coin do you want to invest.

so it all come back to these investors wanting to hold the top coin or on a new project. because all the risks are at their own expense.
if i invest in a new project like STC or student coin, i prefer to hold. because the student coin project is very good and has golden opportunities in the future.
and currently ICO student coin have reached $ 17m from the total hard cap of $ 21. so that the project can develop its objectives to completion and the STC coin will have a high value in the future

[Spaffin]

perhaps all the best coins, projects of which have great prospects in the future, should only be kept in the wallets of investors, if, of course, the owner expects to get a fairly good profit. A cryptocurrency is an asset that will rise in price due to demand, in contrast to any product on a store shelf, which always has a prime cost figure and, accordingly, a margin, which to a greater extent gives a fixed price.

[tsakf]

Though this thread has been posted a long time ago, I believe it is still a good idea to hold while being mindful on the market trends. The current status of the market right now shows no sign of correction so I guess holding for a bit more is a good idea.

I'm not good at trading, so holding suits me better. Holding until mass adoption, will be profitable, if you don't get involved with bad projects.

[GREENch85]

HODL, if you do not need to make a profit here and now, and the goal is to make a profit in the long term, is great for both new and experienced crypto enthusiasts. However, do not rely on the case, you need to monitor the information to understand the movement of the market and understand its prospects for the future.

[Vladok]

Hodl is good, but not for all coins, because many people think that if they bought a coin and it suddenly fell, it will recover in time anyway and they throw it into a long Hodl, and it falls to 0 and people just lose their money

[Anonylz]

Hodl is good, but not for all coins, because many people think that if they bought a coin and it suddenly fell, it will recover in time anyway and they throw it into a long Hodl, and it falls to 0 and people just lose their money

I agree with you. I too don't think HODLing is just any coin especially the newly launched projects. I would rather hodl on projects that I already know how they performed in the past market circles because as you said, some of this projects can just go to 0 and your investments can be lost.