2 ms·

HODL equals to BUY. Would you? I bought^ some of these recent days dips and sold on bounce, but now it’s just too scary. If you look at NASDAQ, it is much more

by wruza 5y ago

HODL equals to BUY. Would you? I bought^ some of these recent days dips and sold on bounce, but now it’s just too scary. If you look at NASDAQ, it is much more appealing. ^ No, I’m not a desperate idiot, I’m just testing my feelings in trading in general on $1k, to stay calm and not act crazy in a real investment situation

Demiurge 5y ago
No, it doesn't. HODL equals "hold". "Buy" means make an active decision to buy, hold means make a passive not to make a decision.
- UncleMeat 5y ago
  Money is fungible. There is no rational difference between "continue to hold X BTC that I already own" and "buy X BTC today when I currently own 0 BTC."
  - Demiurge 5y ago
    There is a logical difference between making a decision that some time is a right time to make a decision and making a decision that you don't have enough confidence in either decision.
    - smaryjerry 5y ago
      Holding is not lack of confidence in a decision. Holding is exactly the same confidence as a buy. It’s always interest to see analysts recommendations go between sell, hold, and buy to me because like the one who initially posted, I believe a hold is the same as a buy. The effect on your return between a hold and a buy is the exact same for those dollars. It would be illogical to say you would hold a stock at a price but would not buy a stock at the same price. Every time you are not selling it should be based on the same factors as if you were buying. Indecision just results in an uninformed decision, it doesn’t make your past decision right.
      - wruza 5y ago
        Technically two other commenters here have a point, I think. It depends on your bankroll and investment strategies. But it's so personal that no one (especially random analysts who don't even know you exist) could really advise to HODL and make sense. That's a nitpick, though insightful one, to be fair. But in in-vacuum analysis it's either BUY or SELL. No one knows your portfolio to tell more, so everyone assumes that your money from a corresponding risk category just sits idle.
  - immibis 5y ago
    Incorrect. You should not put all of your money into a single investment, according to Kelly. BUY means "the amount of this you should have according to Kelly's criterion has increased", HODL means it is unchanged.

by wruza 5y ago

Demiurge 5y ago

No, it doesn't. HODL equals "hold". "Buy" means make an active decision to buy, hold means make a passive not to make a decision.

UncleMeat 5y ago
Money is fungible. There is no rational difference between "continue to hold X BTC that I already own" and "buy X BTC today when I currently own 0 BTC."
- Demiurge 5y ago
  There is a logical difference between making a decision that some time is a right time to make a decision and making a decision that you don't have enough confidence in either decision.
  - smaryjerry 5y ago
    Holding is not lack of confidence in a decision. Holding is exactly the same confidence as a buy. It’s always interest to see analysts recommendations go between sell, hold, and buy to me because like the one who initially posted, I believe a hold is the same as a buy. The effect on your return between a hold and a buy is the exact same for those dollars. It would be illogical to say you would hold a stock at a price but would not buy a stock at the same price. Every time you are not selling it should be based on the same factors as if you were buying. Indecision just results in an uninformed decision, it doesn’t make your past decision right.
    - wruza 5y ago
      Technically two other commenters here have a point, I think. It depends on your bankroll and investment strategies. But it's so personal that no one (especially random analysts who don't even know you exist) could really advise to HODL and make sense. That's a nitpick, though insightful one, to be fair. But in in-vacuum analysis it's either BUY or SELL. No one knows your portfolio to tell more, so everyone assumes that your money from a corresponding risk category just sits idle.
- immibis 5y ago
  Incorrect. You should not put all of your money into a single investment, according to Kelly. BUY means "the amount of this you should have according to Kelly's criterion has increased", HODL means it is unchanged.