Quote from: Digital_Lord on May 03, 2018, 03:41:11 PM

Quote from: Sinecoin on March 16, 2018, 02:45:12 AM

What I mean by straight HODL is that your hold through the crashes and the rises until you inevitably cash our and by trading I mean that you hold for a few months and then sell into fiat and wait for the expected dip/recession.
What i've noticed over the past years is that if I was less greedy and just cashed out after a reasonable profit and then held until the inevitable crashed, I would have made much more money than if i just held or bought another coin.

An example of this is when I bought eth at 475 and sold at 1380. Right after I sold I bought ltc at 230 thinking that it was gonna skyrocket after some of the money from the eth will flow back into the other coins. The problem with that was that the entire market crashed and so if I were to just hold my fiat i would have been able to easily double my money.

Let me know what your guys's thoughts are on this.

Whether straight HODL or trading, its all good and none of them is bad. I know a lot of my friends that are making a lot of money from trading and also using HODL as a form savings and growing their wealth. So if youre good in trading cause thats the main biz, you can do it and store the rest of your coins and HODL them to grow a bigger amount of money. But if youre not a good trader then HODL is your best bet, you can still trade a little bit to be trying your luck as you learn it.

I've came to more of a realization that what your saying is actually very true. I definitely have not had any success daily trading but for those who have, i bet theyr making a killing. I think the only thing stopping me and many others from succeeding at daily trading is knowledge barrier (like you said) which will only come from trial and error which costs a lot of money.