What are your thoughts on this? As we reach 3 trillion dollar market cap, I am more inclined to think that hodling the good coins that you researched well is the key to making the big money. If someone hodl-ed bitcoin when it was at the bottom of the bear market till now they would have 20x their money. Ethereum would have 40x and some altcoins had insane gains of 100x or even more. You can backtest and say "Oh but no, if I apply this, this and that strategy I would have made more than just hodling". But keep in mind the backtested results are retrofitted and are based on hindsight. If you were to time travel back then and use the same strategy it may not work as intended or emotions and doubt comes into play. Therefore, I very highly doubt that a trader would make more money then say if someone simply hodled Bitcoin or Ethereum from the very beginning. Jesse Livermore himself said the money is made by sitting not trading. To me trading is a defensive strategy, it just makes your portfolio more consistent but your profits won't be as much as simply holding the good coins as long as possible. But on the defensive side, if you were trading something that does not pan out you minimize your losses versus if you held some altcoins that dump 90% and never come back.
I'm mainly hodling, but I can't resist day and swing trading the btc and eth futures. Crazy times....
I traded quite abit before but not I am looking to build up my long term hodl portfolio too. (Maybe after next crash)
I wonder how many tulips a bit coin would have bought at the top of the market. Always control your risk.
I'm not asking to buy now obviously. But the ones that make the most are the ones that load it up in a bear market and then hold.
If you bought in cheap you can hold indefinitely. It depends on your buy in point. Of course you also can sell parts on the way up but I won't feel comfortable unloading all if say I bought Eth at $100 before this run.
I want to do both, I trade a stack but if there are coins that I bought very cheap I will plan to hold as long as possible.
OK my question is if you are actively trading why would you hold during a downturn? When the trend turns why not exit and buy back lower? Why hold a position if you were not willing to buy at that price? The worst thing that can happen is the price starts to rise right after you sell. The best thing is the price continues to drop and you are able to buy back much cheaper. What fear are you facing by going flat? Holding as long as possible is sort of a vague answer. What would make it impossible to hold.?