Quote from: Sinjokubhi on April 04, 2021, 02:29:26 PM

Quote from: erickkyut on March 16, 2018, 03:27:28 AM

Quote from: Sinecoin on March 16, 2018, 02:45:12 AM

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.

That is the risks involve. We don't know when the market will pump or dump. For now, I suggest that you hold your coins that you currently have and if you have more capital, take this opportunity to buy more coins. The crypto market is not green right now but I truly believe that this is just a trial in which when the market overcomes, will give us a stronger and more profitable industry.

Yeah, we won't really know what the future of the market will be. We can only predict what the future market will be, and that will not always be true. This is the risk, it is true what he said. I want to add a little advice, as we are faced with the choice of hold or trade. Which one should we choose? You can choose one, or you can run both. If you want to choose to keep trading, then don't fully use your traded coins, use about 25% to look for small profits. Because if we incur a loss, it wouldn't be that big, compared to what we are trading all of our coins at now. For 75% of your coins hold first, because I think the current situation will be profitable. If you feel, selling it now will not be profitable for you, I think it's enough for you to hold it until the price starts to stabilize again. Because a promising coin, if the price decreases, the price will go up in the future or return to its normal point.

And one more thing, don't spend all your funds to buy the currency (coins). Because it will be very necessary, if we want to reverse capital when the market is stable.

From my experience holding is better than trading. If you do a good research and find a good project you can get x10 easy in some long term. And beside that trading is not easy and takes a lot of time and knowledge.