Re: Smart hodling vs just hodling

Quote from: yangongear on October 07, 2019, 03:02:43 PM

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

With that in mind, the smarter way to hold bitcoin is to sell it when prices start going down, only to re-buy a larger quantity when prices stabilize at a lower range. Then, with the same capital, you increase your bitcoin holding every time prices drop.

The problem is, not all of us here have ability to do that, I mean who can make a decision about when prices have decreased to sell, and when prices have stabilized and can be bought. I used to experience that feeling when I bought BTC at $ 2k8 in 2017 when it went up to $ 4k I sold when it was profitable, but it continued raising to $ 19k in December 2017.

Then you should make a buyback at some point between those spiking periods $4k to $19k instead shocking and watching it continue skyrocketing, that's your problem Wink

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I personally always positioned myself in two sides ... one to hoodling foreeevah and the other to buy more in case it's crashed just like the recent situation.

So you'll always be in good situation no matter it's falling down ... cause you can load up your bags with more coins , or skyrocketing to the moon as you have quite a lot coin savings !
Sounds fair? That's what I'm doing.