So easy to say but very hard to follow Especially for long term investors. It's never a pleasant thing to invest in a coin and then watch your investment go low. I have come to realize that in any situation of the market, patience is much needed and also your choice of coins for investment and time of investment also matters. A simple way out is to plan your funds, dont fomo, buy at more dip, take profit at intervals.
for long-term investment it is indeed more difficult, in addition to requiring strong analysis it is also necessary to select the right coin. because the asset stakes are very large in the long term. in addition, investors must be strong in carrying out long-term holding. it is like being patient when there is a storm and having to be strong under any circumstances until the point in time is found. 
Topic: Don't buy what you can't hodl. - page 2. (Read 1722 times)
So easy to say but very hard to follow Especially for long term investors. It's never a pleasant thing to invest in a coin and then watch your investment go low. I have come to realize that in any situation of the market, patience is much needed and also your choice of coins for investment and time of investment also matters. A simple way out is to plan your funds, dont fomo, buy at more dip, take profit at intervals.
indeed in practice we will do as you say. but you need to analyze well and need patience in taking action if you want to invest in any coin. because when we come down, if we are impatient and panic, we also can't solve the problem. I agree that everything must be well planned.
Coin selection is a major factor for long-term investment or trading. for me if we are not smart to choose, we will only be trapped in the type of coin that eventually becomes trash. This is not very good and it will only make our profits decrease, so don't waste your assets on investing in coins that have no potential
actually the main point in investing is to refrain from being patient and not panicking quickly. if we can invest it, then we choose what potential coins to invest or trade. we can see the profile of each coin in the many predictions available, to help analysis before we execute what we are going to do.
Please remember that not all of our actions will always be successful, otherwise we will trigger boredom because of hopelessness in our actions.
So easy to say but very hard to follow Especially for long term investors. It's never a pleasant thing to invest in a coin and then watch your investment go low. I have come to realize that in any situation of the market, patience is much needed and also your choice of coins for investment and time of investment also matters. A simple way out is to plan your funds, dont fomo, buy at more dip, take profit at intervals.
Coin selection is a major factor for long-term investment or trading. for me if we are not smart to choose, we will only be trapped in the type of coin that eventually becomes trash. This is not very good and it will only make our profits decrease, so don't waste your assets on investing in coins that have no potentialusually fundamentally an altcoin can be bullish, but fundamentals alone are not enough for altcoins,
TA and community strength must also be in line with their fundamental, in this altcoin season I think altcoin projects that have a strong community will start pumping, like Doge, next me think will be on XRP and Tron.
"Don't buy what you can't hodl" is the headline! Warren Buffett said "If you don't feel comfortable owning a stock for 10 years, you shouldn't own it for 10 minutes."
And I agree with that, it's why when you trade with bitcoin or some coin you believe in the long run, you don't cut losses, you just wait for the price to rise again and set up new ATH!
And like I always say, you can't trade if you don't have some holdings! When you choose your pair you need to have a nice bankroll of each of them if you wish to be successful in the long run, with all the changes around!
But I think it is somehow not relevant to crypto I mean crypto market is very volatile, sometimes it will only take you 10minutes to become a millionaire and sometimes it will take you 10mins to be bankrupt too, I think the right term is Do not invest what you cannot afford to lose, in crypto you may hold it for a little span of time only and sometimes or for a long period of time.And I agree with that, it's why when you trade with bitcoin or some coin you believe in the long run, you don't cut losses, you just wait for the price to rise again and set up new ATH!
And like I always say, you can't trade if you don't have some holdings! When you choose your pair you need to have a nice bankroll of each of them if you wish to be successful in the long run, with all the changes around!
OK, tell me (by example:which coin, when, where) is making people millionaires in 10 minutes?
And now tell me that you think how Bitcoin did everything to be where it is in 10 Minutes? What are you talking about?
Take a look at really reputable coins, take a look at their prices 5 years ago and look at them now and tell me how holding is not paying off!? Are you able to do that? And when you are so smart tell me what you expect from reputable coins in the next 5 to 10 years?
So easy to say but very hard to follow Especially for long term investors. It's never a pleasant thing to invest in a coin and then watch your investment go low. I have come to realize that in any situation of the market, patience is much needed and also your choice of coins for investment and time of investment also matters. A simple way out is to plan your funds, dont fomo, buy at more dip, take profit at intervals.
Coin selection is a major factor for long-term investment or trading. for me if we are not smart to choose, we will only be trapped in the type of coin that eventually becomes trash. This is not very good and it will only make our profits decrease, so don't waste your assets on investing in coins that have no potentialYou can only say things if you really focused and invest your time understanding the potential of any
particular assets that you are aiming to invest your money, without in-hand experienced everything
will fall into speculation, most of the time trash project will trapped you and just bring frustrations
better to sort before picking the project to invest both long and short term position.
So easy to say but very hard to follow Especially for long term investors. It's never a pleasant thing to invest in a coin and then watch your investment go low. I have come to realize that in any situation of the market, patience is much needed and also your choice of coins for investment and time of investment also matters. A simple way out is to plan your funds, dont fomo, buy at more dip, take profit at intervals.
Coin selection is a major factor for long-term investment or trading. for me if we are not smart to choose, we will only be trapped in the type of coin that eventually becomes trash. This is not very good and it will only make our profits decrease, so don't waste your assets on investing in coins that have no potential "Don't buy what you can't hodl" is the headline! Warren Buffett said "If you don't feel comfortable owning a stock for 10 years, you shouldn't own it for 10 minutes."
And I agree with that, it's why when you trade with bitcoin or some coin you believe in the long run, you don't cut losses, you just wait for the price to rise again and set up new ATH!
And like I always say, you can't trade if you don't have some holdings! When you choose your pair you need to have a nice bankroll of each of them if you wish to be successful in the long run, with all the changes around!
But I think it is somehow not relevant to crypto I mean crypto market is very volatile, sometimes it will only take you 10minutes to become a millionaire and sometimes it will take you 10mins to be bankrupt too, I think the right term is Do not invest what you cannot afford to lose, in crypto you may hold it for a little span of time only and sometimes or for a long period of time. And I agree with that, it's why when you trade with bitcoin or some coin you believe in the long run, you don't cut losses, you just wait for the price to rise again and set up new ATH!
And like I always say, you can't trade if you don't have some holdings! When you choose your pair you need to have a nice bankroll of each of them if you wish to be successful in the long run, with all the changes around!
This things are not really the way we are looking at it. One has to be financially stable before you can make such a decision. When I saw this, DON'T BUY WHAT YOU CAN'T HODL. It strike a chord, the purpose of buying is not really to hold for very long time depending on the kind of entities you purchased. But when you BUY today and the trade goes against your prediction, you don't have any other options than to wait for it to come back either go up or come down back to your prediction. And in the process of doing this, no one knows when it will takes. Sometimes, it can take weeks, months, even years. So if you want to buy make sure you are not buying with the last money you have with you, so you won't have to sell it while you have not make any profit.
Precisely, i guess there are no traders that are wanted to hodl a coin which they think are not worth to hodl for a quite long time. Thus, it is also true that the essence of trading was not about after you buy that crypto you hodl it for a long term, these was not called as trading but an investment. However, a hodl term in trading doesn't mean you are hodling such crypto that would define that what you have been purchased wasn't worth it. Of course you are trading because your goal was to earn a profit, then if you can't wait to hodl for a quite short time before the crypto market value become good for you to get a profit then you're not trading to earn, you didn't even make your capital get back.
I think Minimum holding should be 5 year. If any one cannot hold specific coin for 6 year he should not buy that coin. There are very high fluctuation in Cryptocurrency specially in these days.
"Don't buy what you can't hodl" is the headline! Warren Buffett said "If you don't feel comfortable owning a stock for 10 years, you shouldn't own it for 10 minutes."
And I agree with that, it's why when you trade with bitcoin or some coin you believe in the long run, you don't cut losses, you just wait for the price to rise again and set up new ATH!
And like I always say, you can't trade if you don't have some holdings! When you choose your pair you need to have a nice bankroll of each of them if you wish to be successful in the long run, with all the changes around!
And I agree with that, it's why when you trade with bitcoin or some coin you believe in the long run, you don't cut losses, you just wait for the price to rise again and set up new ATH!
And like I always say, you can't trade if you don't have some holdings! When you choose your pair you need to have a nice bankroll of each of them if you wish to be successful in the long run, with all the changes around!
IMHO, you can never go wrong with bitcoin. (For long term atleast) given that it has proven, time and time again that it increases in value on a yearly basis. Every year its annual low is higher than the previous one.
To be honest, few people can really resist greed. Therefore, I fully support people who say that it is better not to buy what you cannot keep. I think that 70% of people have already sold everything that they have been saving for 8 years.
Without the character of having a patience, I think We cannot able to earn here for sure. Once you buy of the coins in any of the exchange platform We as an individual traders must supposed to patience at all time and have a self-discipline and know how to control or manage our emotions anyway.
Confidence, patience and not panicking quickly and always guided by a good analysis, of course, are things that must be a priority, what we will do to have dicrypto. The key is that, whatever work we will do in crypto, because without it, everything can not be what we want.what you say is something that is true and indeed it must be done, after you buy coins to trade independently, it is clear what I said above is what we need to have first then we start doing the work so that when we are wrong we are ready and make learning in the future.
because to do what we will do then whether it is holding or buying or even selling we are ready and able to do it.
As they say, “patience is a virtue” and with that being emotional is not also good in this industry.
You should have a strong mind, heart and determination in order to fulfil the investment that you have started.
There are always risk in every financial decision we make, thus we should aim for the direction that profit will be gained.
We are always keep on telling these qoute "patience is a virtue" which also are beneficial but not all the time. The essence of industry of trading isn't the thought of buying and hodl for a long term investment. Though we have our own perceptions and preferences of what we will going to do to a crypto that we purchased, but yo train yourself fearfully trading and to learn also by doing such risks then trading should be done by how does it done.
I agree with you that it is not fun to happen when the investment we have actually decreased not ccording to what we expected, but in crypto we actually have to instill from an early , that it is very possible and is not a strange thing.
In theory, it is true that buying when prices fall and selling when we consider it worth selling, but in practice it is not easy.
it could be wrong to anticipate because the most basic things are greed and panic.
I believe you could get better and better with time when you are hodling. For example, if you invest all of your savings (still money you can hold) into bitcoin and the moment you invested it started to go down, you bought at 40k and it never returned? That scares people, and scares a lot as well, that is really not something you would be fine with and you may end up selling as well cutting the loss and getting out, I would understand those people, they are not used to the market and they got scared, I would advise them not to but I also understand it.In theory, it is true that buying when prices fall and selling when we consider it worth selling, but in practice it is not easy.
it could be wrong to anticipate because the most basic things are greed and panic.
However another thing about this is the fact that we live in a situation where people who bought at 20k, saw that their price went down so much that it became almost nothing but then became 2x profit later on when they didn't sell, so people who have been here for a while know that holding for long time definitely helps.
As they say, “patience is a virtue” and with that being emotional is not also good in this industry.
You should have a strong mind, heart and determination in order to fulfil the investment that you have started.
There are always risk in every financial decision we make, thus we should aim for the direction that profit will be gained.
We are always keep on telling these qoute "patience is a virtue" which also are beneficial but not all the time. The essence of industry of trading isn't the thought of buying and hodl for a long term investment. Though we have our own perceptions and preferences of what we will going to do to a crypto that we purchased, but yo train yourself fearfully trading and to learn also by doing such risks then trading should be done by how does it done.
So easy to say but very hard to follow Especially for long term investors. It's never a pleasant thing to invest in a coin and then watch your investment go low. I have come to realize that in any situation of the market, patience is much needed and also your choice of coins for investment and time of investment also matters. A simple way out is to plan your funds, dont fomo, buy at more dip, take profit at intervals.
its very hard to do it when your investment is small. if you buy coin at low price and your investment is low i cannot hold a longer time instead trade it with much effective technique just like short trading. yes it is effective when you hodl your coin and sell it at intervals but it is situational, if you have higher capital in trading the hodl matter will be effective.
Yes, we should always manage our investment otherwise it is impossible to control our emotions at one stage, instead of focusing on short term better we need to grab most development coins and it will surely help us to make a decent profit. The low investment will help us to hold the coins.
So easy to say but very hard to follow Especially for long term investors. It's never a pleasant thing to invest in a coin and then watch your investment go low. I have come to realize that in any situation of the market, patience is much needed and also your choice of coins for investment and time of investment also matters. A simple way out is to plan your funds, dont fomo, buy at more dip, take profit at intervals.
Without the character of having a patience, I think We cannot able to earn here for sure. Once you buy of the coins in any of the exchange platform We as an individual traders must supposed to patience at all time and have a self-discipline and know how to control or manage our emotions anyway.
Emotions would be one of the biggest factor that would heavily affect your decision making skills this is why decisions does really need some sort of luck for you to benefit the
possible maximum that you can make. Holding is just an another option but wont really be that necessary because here on the market we can either both hold or
actively trading it if we do like to see profits in short time basis.
So easy to say but very hard to follow Especially for long term investors. It's never a pleasant thing to invest in a coin and then watch your investment go low. I have come to realize that in any situation of the market, patience is much needed and also your choice of coins for investment and time of investment also matters. A simple way out is to plan your funds, dont fomo, buy at more dip, take profit at intervals.
Without the character of having a patience, I think We cannot able to earn here for sure. Once you buy of the coins in any of the exchange platform We as an individual traders must supposed to patience at all time and have a self-discipline and know how to control or manage our emotions anyway.
So easy to say but very hard to follow Especially for long term investors. It's never a pleasant thing to invest in a coin and then watch your investment go low. I have come to realize that in any situation of the market, patience is much needed and also your choice of coins for investment and time of investment also matters. A simple way out is to plan your funds, dont fomo, buy at more dip, take profit at intervals.
indeed, to do so there are always obstacles that will occur, not all with the analysis that we through the theory that we have in practice will be the same and can even happen to be the opposite. I agree with you that it is not fun to happen when the investment we have actually decreased not ccording to what we expected, but in crypto we actually have to instill from an early , that it is very possible and is not a strange thing.
In theory, it is true that buying when prices fall and selling when we consider it worth selling, but in practice it is not easy.
it could be wrong to anticipate because the most basic things are greed and panic.
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