Digital asset is for holding - page 6.

iv4n

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Quote from: Skinny48 on December 29, 2021, 06:21:16 AM

Digital assets is indeed for holding but not everyone are in a fit position to hold even if they want to, I've been in this space for years now and I can say that you need to be prepared financially to hold coins and tokens successfully for a long period of time, you have to have job secured first, I mean enough to carry you on, then you will hold with ease

That's the point ... not everyone is in a position to save anything! Before putting aside anything of value, we must be financially able to do so! Only financially secured people, with income from more sides can invest further in digital or any other assets and hold them for a long period of time! I guess longer we can hold more benefits we can get, but there's no holding if we are short with money every month!

Skinny48

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Digital assets is indeed for holding but not everyone are in a fit position to hold even if they want to, I've been in this space for years now and I can say that you need to be prepared financially to hold coins and tokens successfully for a long period of time, you have to have job secured first, I mean enough to carry you on, then you will hold with ease

lovesmayfamilis

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The word "must" in the OP's post is clearly redundant. Nobody owes anything to anyone. And for each person, digital assets are only a personal matter. I spend bitcoins when I need this or that thing. I have a hobby that I can spend money on regardless of whether my investment grows or not. I like the moment to be "now".
Therefore, telling someone that digital assets need to be stored and held is too self-confident. Everyone has their own views on what wealth is.

sunsilk

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Considering crypto as the asset that everyone wants to hold. It's not just through holding one can profit. There are traders which are also the same as the other markets like stocks, flipping websites, and real estate properties.

It's just that holding and being patient is easy for those who have tried to invest in the markets that are for the patient people. Also, those investors that are holding, know what they're doing and have done their research before putting their money on it. As for us, we've experienced several upsets in the crypto market thus, it taught us to be patient.

Darker45

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It depends on your goal really. There are those who are investing with short term to medium term time frames. Others are investing with long term time frame in mind. Although it also depends on which particular kind of business you are investing in. There is also the factor of patience or tolerance and other emotional aspects on the part of the investors. But the best way, of course, is to diversify investment not just in terms of types or kinds but also in terms of time frame or maturity.

Even in crypto, it is not advisable to just stick to long term investment. If it is Bitcoin, it is all right. But what if we're talking about altcoins? Obviously, some of them are good for long term, some medium, and some very short term like those very short-lived hyped coins.

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Quote from: dbc23 on December 28, 2021, 09:28:25 AM

Before thinking of investing in any sector what one considers is how long you are willing to hold. Let's take the history down to how investment all began. Moving from the era of Real estate to stocks to metals to oil blocks and now digital assets we would agree those who made it big in all this investment options were those who had the patience to hold.

This kept me wondering why one would even think of investing if they don't have the patient to hold. If you can't develop the hold attitude then the best option is to do a physical business where you can monitor your profit and see them come in regularly. If it must be crypto then you must be willing to hold and wait

It is unlikely that we should all adhere to this point of view. Cryptocurrency is not intended to be a store of value, but that is, in essence, a repository of digital financial assets. It is primarily a means of payment. If you think of cryptocurrency only as a storage, then it will cease to develop and ultimately cease to be profitable. Cryptocurrency should be developed in many ways, but above all as an alternative means of payment to the current payment system.

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Quote from: omone1 on December 28, 2021, 08:37:52 PM

Holders are majorly the most rewarded investors in this space. Imagine the people that bought shiba earlier this year without selling till ATH, well they could as well be on retirement. I saw massive profit forgetting some coins in my private wallet, knowing when to take profit maters too.

If they can sell the coin at the right time, they will make a lot of money and retire from crypto while enjoying their profit.
But if they still hold without having a target when they should sell their coin, that will not be good because they only hold without knowing what next thing to do.
If that coin has a good future, you can buy and forget the coin while you do not watch the price move.
It happens to those people who have bitcoin on their computer and they are shocked seeing bitcoin price now is at the high price that they do not imagine.

Wexnident

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It's because hodling is not the only type of trading/investment strategy one can do. There are probably various factors involved when choosing what strategy to use when trading such as time, capital, etc, and those should influence what you're able to do imo. Ofc, holding is still an important part even when it comes to shorting and other types of trading, but as I said, they'd probably found some other ways to actually profit even without holding for that long like others, or that they're just better at it than holding (better at making profits that is).

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Quote from: Gozie51 on December 28, 2021, 12:50:38 PM

The real challenge of hodling is not to know when to sell and this cause investors to sell too early. Hodling on the long run is profitable but it requires a lot of patience and believe to see it through . Really it is painful to wait for a level for selling while the price keeps dropping like it is happening currently Grin

Thats why its important to prepare ourselves for the possible consequences before investing our money. We cant expect to gain for a short period since there's no specific timeframe on we can see the result of our investment.

Holding requires patience in order to avoid selling at the wrong time or be influence by those panic sellers. Be firm on your goal and stick to it dont let yourselves become affected of the temporary price decrease.

omone1

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Holders are majorly the most rewarded investors in this space. Imagine the people that bought shiba earlier this year without selling till ATH, well they could as well be on retirement. I saw massive profit forgetting some coins in my private wallet, knowing when to take profit maters too.

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Quote from: Gozie51 on December 28, 2021, 12:50:38 PM

The real challenge of hodling is not to know when to sell and this cause investors to sell too early. Hodling on the long run is profitable but it requires a lot of patience and believe to see it through . Really it is painful to wait for a level for selling while the price keeps dropping like it is happening currently Grin

Holding does not mean doing nothing but we also keep abreast of market movements and developments to determine when it is the right time to sell,
indeed in terms of holding patience has an important role and of course it is not easy

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Quote from: Vaculin on December 28, 2021, 04:51:56 PM

so at least have a concrete plan when to sell them at your most desired profitable price.

Fear is not the only reason that people sell what they hodl but at times financial challenges come calling and when you don't have any option, you sell to safe yourself and by then you have changed your plan of hodling for long. When you have your coin in your wallet, it is not easy not to sell in front of financial challenges because it is not like if you have made a fixed savings for a particular time with the bank as fixed deposit that won't be collected until the duration for collection.

Vaculin

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Quote from: Gozie51 on December 28, 2021, 12:50:38 PM

The real challenge of hodling is not to know when to sell and this cause investors to sell too early. Hodling on the long run is profitable but it requires a lot of patience and believe to see it through . Really it is painful to wait for a level for selling while the price keeps dropping like it is happening currently Grin

If your aim is to hold your coins, then you should prepare yourself not to be easily affected by those temporary price dumps, otherwise you'll see yourself in panic selling that will result into huge losses. I believe the only key to hold your coins successfully is to have a positive mindset and definitely a long stretch of patience. And of course, you will never be hodling your coins if you never have plans to sell them in the future, so at least have a concrete plan when to sell them at your most desired profitable price.

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Every asset has a use case which makes it valuable and attracts investors to it. Hodling is useful in benefiting from the speculative value of an asset, but no asset would grow if it is not used and if everyone who holds bitcoin simply hodls it, it would not have any utility.

This is one of the reasons businesses go public; The founders could simply hold all the shares and build the project, but going public and distributing the shares helps it raise funds and increase awareness about the product.
Every transaction is useful in building the bitcoin network.

Gozie51

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The real challenge of hodling is not to know when to sell and this cause investors to sell too early. Hodling on the long run is profitable but it requires a lot of patience and believe to see it through . Really it is painful to wait for a level for selling while the price keeps dropping like it is happening currently Grin

Oceat

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Probably one of the reason why they tend to sell early is because they are not planning to invest and wait long. They like to make a quick profit just like what we always tell them Bitcoin investment is not for get-rich-quick or an easy way to earn money. If that's how simple life would be, we aren't struggling everyday to go to work in order to live and eat a delicious meal.

Most people would think that because Bitcoin is too volatile we have to make a quick profit before it goes down. They have less knowledge of the market if that's what they think when investing in Bitcoin. Hodl is one of the good strategy when investing to maximize the profit in long-term investment.

pieppiep

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They want to make money in the short term but don't ready if they hold for the long term. They become desperate in the waiting time when they don't see the coin price is not rise from their target so they slowly become panic and in the end, they sell the coins at any low price. But if they have the knowledge and understand that investing in crypto needs time, they will try to hold it, no matter if that is hard but they know that they only use the money they can afford. They never try to invest in a big-money if they think they can not face the risk.

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Quote from: dbc23 on December 28, 2021, 09:28:25 AM

Before thinking of investing in any sector what one considers is how long you are willing to hold. Let's take the history down to how investment all began. Moving from the era of Real estate to stocks to metals to oil blocks and now digital assets we would agree those who made it big in all this investment options were those who had the patience to hold.

This kept me wondering why one would even think of investing if they don't have the patient to hold. If you can't develop the hold attitude then the best option is to do a physical business where you can monitor your profit and see them come in regularly. If it must be crypto then you must be willing to hold and wait

The answer to that is simple, people overestimate their own capabilities, they think they have what it is necessary to become a good investors and as such they come to this market thinking they will be able to hold their coins without any problem, and in fact it is not entirely their fault as it is very easy to hold your coins when the bull market is strong, however when the bear market comes that is when you can tell apart the good investors from the bad, unfortunately all of those people that did not had what it is necessary will lose their capital, but that is just a natural outcome in any market.

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One will be tempted to sell even when they have the money. It'd be an opportunity for someone who holds a bag to sell while the price is at ATH so the reason why we can't hold particularly to those who don't buy back and it's more of a loss in the end.

Cryptocurrencies are the new assets of the future one should just deeply think of it that prices will go high and they could transfer the assets to thier kin in the future and it's still going to be good.

pinggoki

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Probably because some people don't aim for the long-term or doesn't have a long-term plan and they see that the volatile nature of the market can probably be exploited in a short-term basis so they pull out once in a while to get some profits then get back in the market when the opportunity arises. In short, some people just wants to live dangerously.

Topic: Digital asset is for holding - page 6. (Read 743 times)