Post
Topic
Board Trading Discussion
Re: Thoughts on Straight HODL vs Trading
by
ipbitrung01
on 01/08/2018, 04:14:25 UTC
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.
I believe that at this time hold will definitely not let you profit from trading that the risk is much larger, you can see that the price of bitcoin in the past few days is fluctuating strongly and now has fallen to the $ 7500 mark. The price of bitcoin drags down the price of altcoin, the market is bearish in the long run so I believe that at this time you should trade the day to be able to minimize the risk.