Post
Topic
Board Trading Discussion
Re: Too much HODLing stealing opportunities?
by
chip1994
on 05/12/2020, 12:06:01 UTC
For noobs, HODLing is a term used for "holding" your assets (here: Bitcoins) for a very long time. But, isn't it true that those who bought it at $500 once should have sold it at $20k peak, and if not, why didn't they sell at $15k? BTC didn't crash all at once and they had the opportunity to sell and wait for another opportunity. A $15k per BTC against a $500 BTC - means a 30x return itself. And BTC crashed to $3k, if not $3k, then these hodlers would have bought back at $6k which is even less than half of $15k as they would also have added a lot more liquidity to the markets with too much money on the table. Isn't it true that too long a hodl can stop you from taking great opportunities while sitting dumb and waiting for a specific target?
Your views are not clear about the general situation of the current holders, there are plan holders and blind holders. For me and my colleagues often hold plans and they have pre-determined prices at future selling prices. Therefore, it is very rare that there are cases of losses or no profits after a long period of investment.
Of course there will be other people with us, they hold blindly and without a plan but they are not always wrong. Think of a holder who has held Bitcoin from $ 5 and they have accepted to hold over 7 years until now. Do you think they failed? They are even more profitable than we are Smiley