Question about HODL
- Thread starter Zakch93
- Start date
- Sep 22, 2008
- 869
- 499
you have 20$
suppose you bought 1 eth with 20$
and next day eth price goest down to 2$
so in usd, you lost 18$ if you withdrawal... if not, then you still have 1 eth which you purchase,
so just HODL and when price goes back to 40$ you can withdrawal and gain 20$ profit from it
suppose you bought 1 eth with 20$
and next day eth price goest down to 2$
so in usd, you lost 18$ if you withdrawal... if not, then you still have 1 eth which you purchase,
so just HODL and when price goes back to 40$ you can withdrawal and gain 20$ profit from it
Zakch93
Elite Member
- Mar 7, 2020
- 2,307
- 855
you have 20$
suppose you bought 1 eth with 20$
and next day eth price goest down to 2$
so in usd, you lost 18$ if you withdrawal... if not, then you still have 1 eth which you purchase,
so just HODL and when price goes back to 40$ you can withdrawal and gain 20$ profit from it
Thanks this clears it up. I was thinking of just buying like $20 in each major altcoin and just hodl and sell when the price goes up. Do you guys think this is a good strategy? Are the fees low enough to allow me to make some decent profit like this? Do you have better suggestions?
- Sep 22, 2008
- 869
- 499
If you budget is low then better to do trade...
just choose any coin which fluctuate 5-10% per day, then buy in dip and sale after 5-6% profit.
and in case of if that coin goes more dip then purchase value, then just hodl, some day that will come back on profit value....
just choose any coin which fluctuate 5-10% per day, then buy in dip and sale after 5-6% profit.
and in case of if that coin goes more dip then purchase value, then just hodl, some day that will come back on profit value....
- Nov 16, 2011
- 19,802
- 11,280
Same amount of eth but value will alter based on current price.
- Nov 22, 2019
- 6,959
- 1,681
The amount you will be holding will always be the same that you got at the time of purchase.