Don't buy what you can't hodl. - page 3.

cyriljundos

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Quote from: jahepahit on December 28, 2020, 07:12:27 AM

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.

bitgolden

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Quote from: VanityWallets2015 on January 27, 2021, 01:55:28 PM

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.

The idea of "diamond hands" was risen lately, diamond hands means the opposite of weak hands, if you are someone who sees a small drop and get scared and sell the price that means you have weak hands and you will end up losing money in trading.

However if you have "diamond hands" that means you can hold even if it drops 70%+ because you do not care about the short term quick falls, you want to sell at a certain price, you have a goal and you will not be selling until the price reaches there, doesn't matter if it goes down huge amounts until it reaches there, it could literally fall very very low but at the end of the day you can wait for a very long time if you have diamond hands so that fall doesn't bother you. In trading world being capable of removing emotions and having goals that you set and following that, you will be capable of profiting without a trouble.

lepbagong

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Quote from: VanityWallets2015 on January 27, 2021, 01:55:28 PM

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.

All behavior related to crypto will obviously always be full of risks and that must be instilled from an early age, because everything we will do in crypto, be it trading, buying or selling, must be based on good analysis. but I totally agree with our colleague that emotional or panic should not happen because it will obviously interfere with what we are going to do next.

agree, every financial decision that we will make is certainly full of risks, therefore we must take actions that minimize any mistakes that may occur, although that will not guarantee that it can be easily done.

konflikkastil

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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.

VanityWallets2015

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Quote from: Renampun on January 27, 2021, 01:02:14 PM

Quote from: jahepahit on December 28, 2020, 07:12:27 AM

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.

in fact, it is very difficult when things don't work out according to reality...
every trader or Hodler must feel very heavy pressure when they see the assets they invest in decline in value. be patient and continue to believe is something that must be instilled in your head. Don't do stupid things like cut losses when the value of your assets drops a little.

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.

yohananaomi

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Quote from: k@suy on January 27, 2021, 10:11:57 AM

I think the right words are, don't buy coins if you don't afford to lose money, in trading there's no assurance that you will not be rekt nor you will be having a little loss, yes don't buy because of fomo, the best thing to do is to research everything first before investing, read what is the purpose of the coin or its use case, what are the plans in the future and so on, and for those coins who are already in the market better to see some news update in the web so you will know what is their status.

in detail you have explained what to do from the start so that you don't experience things that might be detrimental. but we know that all what is written is sometimes not in accordance with the practice that occurs and please remember that many copy and paste for the whitepaper that will be done and are not pure, because the goal is to commit fraud. few people who are meticulous to detail do as you say.

they are only based on who is Dev and the team behind him and sometimes only based on who the BM is, because he believes that certain BMs always produce good projects.
but I strongly agree that what you say about the losses that will be received by buyers is something true, because crypto is both loss and profit, just how to analyze properly. so you must be ready to accept the reality in order to minimize the losses that might occur.

Renampun

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Quote from: jahepahit on December 28, 2020, 07:12:27 AM

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.

in fact, it is very difficult when things don't work out according to reality...
every trader or Hodler must feel very heavy pressure when they see the assets they invest in decline in value. be patient and continue to believe is something that must be instilled in your head. Don't do stupid things like cut losses when the value of your assets drops a little.

monatana

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Many new investors panic when experiencing a decline and many are exposed to Fomo when they want to buy, it's better to buy when dip and sell when bull or hold

Quidat

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Quote from: k@suy on January 27, 2021, 10:11:57 AM

Quote from: jahepahit on December 28, 2020, 07:12:27 AM

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.

I think the right words are, don't buy coins if you don't afford to lose money, in trading there's no assurance that you will not be rekt nor you will be having a little loss, yes don't buy because of fomo, the best thing to do is to research everything first before investing, read what is the purpose of the coin or its use case, what are the plans in the future and so on, and for those coins who are already in the market better to see some news update in the web so you will know what is their status.

There's no indeed an assurance this is why with due experience we would definitely somehow increase our chances on making profits into this market.
Its up to someone if they do decide to hold nor actively trading with the market because profits can neither be seen in short time or in long time
depending on someones preference. Its not that you shouldnt buy just because you cant hold because its also one of the ways to make out money
when you do make active day trades.So profitability will really vary on someones capability on making trades and other factors as well.

Nhor1011

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Patience is always the key to success or even in investing in cryptocurrency. If you want to invest and earn a good return, you should have a lot of patience like what happen in bitcoin, if you buy during 2018 lower value and hold it patiently, I'm sure you gain a lot this time that bitcoin increased too much in value. However if you are going to invest now, just invest the amount that you can afford to lost in a certain coin which you think will have a great value in the future and you are going to hold no matter what happen in the market until it reach your target value. Although it's difficult but a true investors are also a risk taker person.

k@suy

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Quote from: jahepahit on December 28, 2020, 07:12:27 AM

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.

I think the right words are, don't buy coins if you don't afford to lose money, in trading there's no assurance that you will not be rekt nor you will be having a little loss, yes don't buy because of fomo, the best thing to do is to research everything first before investing, read what is the purpose of the coin or its use case, what are the plans in the future and so on, and for those coins who are already in the market better to see some news update in the web so you will know what is their status.

natefielding

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Quote from: jahepahit on December 28, 2020, 07:12:27 AM

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.

Thats why there is also a saying that dont put it all in just one basket.. Anything good or bad can happen in the cryptocurrency market in just a snap which can make you lose or earn from it..
I actually do invest on different major cryptocurrencies and even the altcoins the difference between the two investment is that you really need a very long long long patience when you invest in major cryptocurrencies like BTC and ETH as we all know that its price can just pump after years and years of waiting but when it reach its new peak or new All Time High it satisfy you in the most amazing ways, not to mention its adoptions as well and the buying of the big corporations and people but ofcourse I also do hodl altcoins like $ADA ..

In terms of altcoins I do hodl and swing trades most of it as we know, alts price can really go pump and dump most of the time compared to $BTC so it will give you instant profit for shorting it but there are also lot of shitcoins so we still need to be careful on investing too, Technical Analysis is a big help for you to know the right timing when to trade it.

elisabetheva

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Quote from: sayaya17 on January 26, 2021, 06:53:03 PM

It is very difficult to implement "Don't buy what you can't hodl". in reality many of us are impatient with a long time, where this long time is a condition
to invest and a condition for profit. So it is not maximal in gaining profit. I think there's been a lot of investors understand about this. But sometimes
there are those who panic to sell when the price goes down. Maybe it's happening for beginner investors.
Don't expect to profit or wealth from crypto if panicked.

I see what you say and emphasize the problem "Panic" is a thing that looks easy to overcome but if you have experienced it it will look not easy.

In any situation, especially those related to crypto, analysis and patience are really needed in uncovering what we will do next. whether we're going to buy or sell maybe even to hold back. then it is needed that it also does not reduce the high sense of panic, which will actually make things messy in taking further actions. but all can be overcome if you continue to learn and try to do and do not need to be afraid.

sayaya17

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It is very difficult to implement "Don't buy what you can't hodl". in reality many of us are impatient with a long time, where this long time is a condition
to invest and a condition for profit. So it is not maximal in gaining profit. I think there's been a lot of investors understand about this. But sometimes
there are those who panic to sell when the price goes down. Maybe it's happening for beginner investors.
Don't expect to profit or wealth from crypto if panicked.

goldade

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I believe you've just outlined in simple words one of the greatest advice any crypto investor can get. It's just as simple as it is. Don't buy if you don't have the patience to hodl. Otherwise, you'd be running at a loss.
Many people buy coins out of FOMO and when such coin is experiencing a correction, they become apprehensive and want to sell to avoid more loss because they are already running at a loss. What I say to these people is 'chill out'. It's just a correction, it's gonna bounce back.
However, even with this, some will still lose money because they invested in the wrong coins which brings us to another advice, buy coins with potential.

2double0

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Op, I watched many buyers who bought at $36k or above and are now crying and asking whether they should hold btc or sell it. Your title is interesting but you should have added some more content to it to make it interesting for the reader to understand what did you try to say here. For others, please take this advice and note it that if you don't have enough time to hold, don't invest in btc because crypto is a high-risk market and anything can happen with btc also going to 0 (but that is never going to happen), so if you can hold till your targets are reached, then crypto will be your best investment.

seramania

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Quote from: asyakashi on January 24, 2021, 12:31:43 PM

for altcoin inventory I have never kept it for too long, of course this will have a big risk, and the right choice of company, of course, must be understood and we really know the company's goals, most who trade ALTCOIN only know when the token is in force nor the coin without thinking to recognize the project

Altcoins are more sensitive to hold because what we know is that if we hold long-term the risk will also come. So when buying altcoins and want to hold or trade, my advice is to do it quickly and don't hold too long because it's a risk

lienfaye

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Quote from: jahepahit on December 28, 2020, 07:12:27 AM

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.

Seeing the price go low is the weakness of some investors. They cant bear that situation, thinking of negative thoughts that led to selling at loss. Thats why its important to have plan and goal, what do you want to achieve? Are you willing to take risk? These questions keep on popping in my mind everytime I am thinking of investing on another coin. Patience is a must and the capital to use should not be meant for daily needs thus you can sit back and wait even it takes months or years before you can see the outcome of your investment.

Wipeout2097

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Before getting in crypto necessary to learn and research properly about coins and correct coin to contribute in. On the off chance that you purchase bitcoin, indeed in case the cost is down, it'll go back to the tall price, so your speculation will not fair a squander of time. But in the event that you invest in altcoin, you would like to think approximately after you ought to the coin since numerous of us still hold it and don't offer when the cost increment. Keep in mind that doesn’t invest all at one con must diversify the investment.

matchi2011

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Quote from: Issa56 on January 25, 2021, 12:46:19 PM

From the little experience am having I think you should not invest in a coin you cant hold for a long term, you might endup buying a coin now the coin will start to dip, if you sell you will sell at lost and I think that's a bad idea, you just have to hold the coin till it bounce back and you are even in profit self that's why you don't have to borrow money to invest in Cryptocurrency and you don't have to use all your funds to invest.

Holding coins and treat it as investment needs to take time, never to buy and rush things up once you see dumping is happening,
it's part of this market better to ready yourself.

If you able to hold and patiently wait the chance is high to generate big profits. DYOR before buying and investing to any project that
you are looking inside.

Topic: Don't buy what you can't hodl. - page 3. (Read 1711 times)