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Never Hodl. Its a meme
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ThisIs Offline
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Post: #1
Never Hodl. Its a meme
I've been into the cryptospace since around 2012, and It keeps me amazing how people lose money by holding.
It makes no sense, the goal is to buy low, sell high, everything goes down at one point.

Stop thinking about technology , none of current shitcoins will be adopted, your goal is to make money, and dump into the noobs (good time to be buying alts btw, now that no one talks about them)

Examples of why you shouldnt hold....
Why would you hodl vechain if its going to dump like crazy?
[Image: iYGT4dq.png]

EVerything ends up crashing, I dont care if they are shitcoins or "good fundamental coins" , never hodl
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08-09-2018 03:20 PM
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Post: #2
RE: Never Hodl. Its a meme
True. The big question is just to realise when it's actually going down and when it's only a small correction.
This is always easy to say in hindsight or in advance, but to pull it off in the moment is actually quite difficult.

In my opinion, crypto traders are far to loyal to their coins as if we almost talk about religion. I'm myself am victim to this.
Just focus on the cash part and don't get emotionally attached to your investment.
08-09-2018 03:59 PM
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Post: #3
RE: Never Hodl. Its a meme
What you meant to say with that awful elongated diatribe is to always set stoplosses
08-09-2018 09:47 PM
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Windom Earle Offline
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Post: #4
RE: Never Hodl. Its a meme
Depends on your investment strategy, sophistication as an investor and how much time/energy you’re willing to put into it.

If you are a long term investor (say 3 years or more) and just want to “set and forget” then all the pumps, dumps/corrections along the way are not as concerning - as long as you’re in front at the end.

Having the opposite of a “hold” mindset can be equally problematic - selling at a significant loss, when being patient and holding until the value improves is the more sensible strategy, but again, clear to see in hindsight and not always in the heat of the moment.

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08-09-2018 10:32 PM
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Suits Offline
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Post: #5
RE: Never Hodl. Its a meme
Is "hodl" a new bitcoin I haven't heard of yet?

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08-09-2018 10:57 PM
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JackinMelbourne Offline
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Post: #6
RE: Never Hodl. Its a meme
(08-09-2018 10:32 PM)Windom Earle Wrote:  Depends on your investment strategy, sophistication as an investor and how much time/energy you’re willing to put into it.

If you are a long term investor (say 3 years or more) and just want to “set and forget” then all the pumps, dumps/corrections along the way are not as concerning - as long as you’re in front at the end.

Do you think he was referring to shitcoins that won't even last 3 years?

There are peeps who treat shitcoins as Bitcoin when it was cheap... but the reality is they'll loose everything by holding...
08-10-2018 01:55 AM
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randomA Offline
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Post: #7
RE: Never Hodl. Its a meme
Yeah, you've got no business buying shitcoins if youre not planning to be uptodate with them and dump them as soon as the relevant moon mission is over. Theyre not meant for long term.
08-10-2018 02:53 AM
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Post: #8
RE: Never Hodl. Its a meme
Shit coins might dump now but they’ll go up when We have a bull mrket again. Not to mention, every trade is a taxable event.

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08-10-2018 04:21 PM
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Matt3B Offline
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Post: #9
RE: Never Hodl. Its a meme
Holding isn't a good idea, I've grown to learn. I have an average position in Vechain for example at about 44k sats. This is fine for me as I was happy to hold it for a couple of years. I wish I hadn't made that decision.

I'm a trader and should've been flipping when the signs were there but I wanted this as my sort of easy investment where I didn't need to manage it. Vechain looks good for the future, so I'm happy to hold onto it until the next bull cycle, in which event I'll most likely sell out of it at a new ATH, should we get there.

My mistake when getting into crypto during the previous bull cycle was having no profit taking strategy. I've learned a hell of a lot over the past 8 months or so though and am pretty confident I'll milk the next cycle.

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(This post was last modified: 08-10-2018 05:12 PM by Matt3B.)
08-10-2018 05:11 PM
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Post: #10
RE: Never Hodl. Its a meme
(08-10-2018 05:11 PM)Matt3B Wrote:  Holding isn't a good idea, I've grown to learn. I have an average position in Vechain for example at about 44k sats. This is fine for me as I was happy to hold it for a couple of years. I wish I hadn't made that decision.

I'm a trader and should've been flipping when the signs were there but I wanted this as my sort of easy investment where I didn't need to manage it. Vechain looks good for the future, so I'm happy to hold onto it until the next bull cycle, in which event I'll most likely sell out of it at a new ATH, should we get there.

My mistake when getting into crypto during the previous bull cycle was having no profit taking strategy. I've learned a hell of a lot over the past 8 months or so though and am pretty confident I'll milk the next cycle.


I did the same with IOTA. Although, I obviously believe the project will fly in the future, there is no guarantee it will. This is a mistake. Once you see a clear trend you have to sell.

Actually, I believe now, that the current bear market will prolong and eventually wipe out a good amount of shitcoins. Not necessarily Vechain or IOTA, but very likely projects outside top 100.
08-10-2018 11:44 PM
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Post: #11
RE: Never Hodl. Its a meme
(08-10-2018 05:11 PM)Matt3B Wrote:  Holding isn't a good idea, I've grown to learn. I have an average position in Vechain for example at about 44k sats. This is fine for me as I was happy to hold it for a couple of years. I wish I hadn't made that decision.

I'm a trader and should've been flipping when the signs were there but I wanted this as my sort of easy investment where I didn't need to manage it. Vechain looks good for the future, so I'm happy to hold onto it until the next bull cycle, in which event I'll most likely sell out of it at a new ATH, should we get there.

My mistake when getting into crypto during the previous bull cycle was having no profit taking strategy. I've learned a hell of a lot over the past 8 months or so though and am pretty confident I'll milk the next cycle.

And what is your plan if it doesn't ever reach a new ATH?
08-10-2018 11:45 PM
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Giacomo Casanova Offline
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Post: #12
RE: Never Hodl. Its a meme
@ThisIs: I hodl Vechain since I am producing Thor. You are here since 2012 so you should know that holding has been so far the best strategy in the crypto market.
08-11-2018 04:24 AM
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ThisIs Offline
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RE: Never Hodl. Its a meme
(08-11-2018 04:24 AM)Giacomo Casanova Wrote:  @ThisIs: I hodl Vechain since I am producing Thor. You are here since 2012 so you should know that holding has been so far the best strategy in the crypto market.

No. Buy low, sell high. Never hodl, thats the main lesson. My strategy is somehow different, i love buying shitcopia coins, like tons of them, the biggest whale shitcoins i can find, fujicoin/raincoin/audiocoin.... and sell them in the pump (ma30 crosses), meanwhile I simply trade the big caps since they have more volume to do it. But once a tendency confirms that its going down, no point on hodling, even if its a proof of stake/masternode coin.

But the point is that you have to take profits at a point.

F.E : Buying cheap dogecoin is x5 your investment every single cycle, its easy, you just have to be patient and check volumens to know when to buy.
(This post was last modified: 08-11-2018 12:28 PM by ThisIs.)
08-11-2018 12:27 PM
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Maciano Offline
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Post: #14
RE: Never Hodl. Its a meme
(08-10-2018 04:21 PM)Cattle Rustler Wrote:  Shit coins might dump now but they’ll go up when We have a bull mrket again. Not to mention, every trade is a taxable event.

No they won't.
08-11-2018 02:29 PM
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Post: #15
RE: Never Hodl. Its a meme
Why not a hybrid approach?

Buy low sell high but keep 10-20% of your stack in case it blows up like BTC/NEO/ETH/XRP etc
08-12-2018 03:17 AM
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Post: #16
RE: Never Hodl. Its a meme
We tend to hodl because of this false perception that its going to go higher so don't wish to miss out further down the line. But this market is just like others, it goes in cycles. Take your profits wherever you see fit (20%, 30% 50% etc) and wait for the next dip. Easily said of course, but hodling can get you in the shits as many are seeing now.
08-12-2018 04:06 AM
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CleanSlate Offline
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RE: Never Hodl. Its a meme
Another reason we (US citizens) hodl has to do with how short vs long term capital gains are taxed. After 1 year of holding an asset, it is taxed at a much lower rate if you sell at a profit. Less than one year, capital gains are taxed at ordinary income tax rates.
08-12-2018 06:24 AM
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RE: Never Hodl. Its a meme
(08-12-2018 06:24 AM)CleanSlate Wrote:  Another reason we (US citizens) hodl has to do with how short vs long term capital gains are taxed. After 1 year of holding an asset, it is taxed at a much lower rate if you sell at a profit. Less than one year, capital gains are taxed at ordinary income tax rates.


True. In Germany, for example, we pay with our personal tax rate (up to 47%). After 1 year of holding, capital gain taxes are exempted.
08-12-2018 02:09 PM
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randomA Offline
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Post: #19
RE: Never Hodl. Its a meme
just move to a jurisdiction with no capital gains.
or trade/use bank account located there
08-12-2018 08:48 PM
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CleanSlate Offline
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RE: Never Hodl. Its a meme
(08-12-2018 08:48 PM)randomA Wrote:  just move to a jurisdiction with no capital gains.
or trade/use bank account located there

Easier said than done.
08-12-2018 09:06 PM
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Post: #21
RE: Never Hodl. Its a meme
(08-12-2018 08:48 PM)randomA Wrote:  just move to a jurisdiction with no capital gains.
or trade/use bank account located there

US of A taxes you on worldwide income.

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08-16-2018 05:34 PM
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RE: Never Hodl. Its a meme
(08-16-2018 05:34 PM)Cattle Rustler Wrote:  
(08-12-2018 08:48 PM)randomA Wrote:  just move to a jurisdiction with no capital gains.
or trade/use bank account located there

US of A taxes you on worldwide income.

that's true, i did not consider that.
does the USA have any non-double taxation agreement with any country at all?
08-16-2018 10:09 PM
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Post: #23
RE: Never Hodl. Its a meme
personally I just buy in dips and resell bounces, I only trade in USDT pairs so I wont lose against fiat, I use tight stop loses and most important always know what is current trend up or down trend ..
08-17-2018 06:13 AM
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