Quote from: owengtam09 on October 04, 2019, 03:27:34 PM

Quote from: Superalgos on October 04, 2019, 12:44:04 PM

Many of us here are hardcore bitcoin believers. If you are anything like me, you've put most of your savings in bitcoin.

I am one of those bitcoin believers, but I dont see myself putting all my money or savings in bitcoin because I know the risk. Once that there is money involve then risk is heading for sure, I don't want to take high risk so I don't want to put ALL MY SAVINGS in bitcoin.

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However, how painful is it to watch bitcoin price plummet? Cry

Of course it's hard to see that.

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What do you think would be a smarter way of hodling bitcoin other than standing still, bag in hand, while watching the price go back down to the $3K range?

I don't think there is a smarter way of holding bitcoin.

You really shouldn't put all of your money/savings in bitcoin alone, yes bitcoin is profitable but just like what you've said its risky, having it invested on multiple coins is much better. Holding coins means you will not touch it or do anything about it because you are keeping it, you are holding so i think there is no such thing as smart holding because our one and only goal in holding coins is to wait for the right moment to sell it and have your profits, no one holds a coin just because he likes it.