Post
Topic
Board Gambling discussion
Re: Crypto hodling as a form of gambling!
by
Tytanowy Janusz
on 04/09/2019, 16:34:18 UTC
[...]

Holding crypto is indeed a gambling. The worst type of gambling - similar to roulette but without even knowing the odds. There is no indicator that you can relay on to increase your chances (every indicator can be faked - see below). You are condemned to the grace of the whales and their vision of price changes.

Hodler strategy risk:

Hodler is buying coins by fundamental (whitepaper, team, code, hype, being unique in specific segment) analysis for very long period. Hodling is a strategy very often suggested for newbies in cryptos (when you are newbie than buy good coins and sell on profit after years - I heard it thousands time). What can go wrong?

1- whitepaper is just a document with words. It can be copied and change a little. Faked. I can create my own whitepaper in which ill write that tomorrow ill be on mt everest.
2-team can be faked with fake twitter account with bought followers
3- code - who of us can check if code is OK? How many of currencies have working code now? Most of them are just concept without working product jet.
4- hype can be bought.
5- being unique didn't give you certainty of being unique forever. 1 month after your investment there can be new ICO with better team, bought hype and with working product delivered faster.
6- you are newbie and you did fundamental analyst wrong or didn't do at all just jump after hype or because someone said that its great investment
7- there are 1600 coins. More than 1400 won't survive next few years because they are not necessary. Your decision must be precised and full of luck

What if any of above will happened? Your investment will continuously goes to 0. And if you are hodler you will never sell until there will be nothing to sell. When you are buying with hodler strategy you are risking 100% of your investment. I don't think there is more risky way.


Trading is more like poker. Its gambling too but you can use your skill to take advantage over others.

https://bitcointalk.org/index.php?topic=5122226.msg50225995#msg50225995