Topic: Don't buy what you can't hodl. - page 5. (Read 1711 times)
I preferred only top 10 coin for holding. And hope for real income price up generally.
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. It is sometimes hard to control yourself or have the patience trying not to panic sell in all of your holdings when you see the price is getting low. It is why you need to make a plan first before buying or investing in a cryptocurrency for you not to overthink about your holdings when you see its price is making a dip.
You can buy and sell, and setup this chain making more value for yourself.
More like don't buy if you can't afford to lose. You can invest as much as you want, and sell whenever you want as long as it won't hurt you if you make a loss. Another thing, if you do plan on holding, keep a fixed goal of profit. Once you reach that goal, take your profit and then make a new goal.
And yeah, patience is very important in this case. If you don't have patience and "overthink" a lot, crypto currency investment isn't for you!
And yeah, patience is very important in this case. If you don't have patience and "overthink" a lot, crypto currency investment isn't for you!
You should never buy more that you can handle. It is good to invest in bitcoin but before you invest you do have to take your time and do an analysis. You need to find out just how much you're willing to invest and whether or not you will be able to deal with the outcome. Risk is part of everything and you can't just invest with a view of gaining only. You need it now just how losign will affect you. If you will not be able to handle the loss then you should put in less money and not end up regretting it later. Making an investment is always a good option but only if you take some measures to keep it that way.
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.
It is very easy to draw conclusions when you look at things that have already happened.
Obviously, seeing Bitcoin at $ 34,000, anyone will say that you had to wait and not sell at $ 25,000 levels when everyone else did.
Or, on the contrary, seeing bitcoin at $ 3000, it is easy to say that you could wait and not buy it at $ 5000.
Well, it depends on how you look at it. Right now BTC seems to be on another roll so perhaps buying at 35K wasn't that much of a reckless action.
It is all about how you look at things....
Everything is correct. It all depends on our points of view.
If someone bought a bitcoin for $ 41k, then did he make a mistake if the next day the price dropped to 30k but a year later rose to 100k?
Therefore, it is important to set your goals in advance and follow the plan.
Most of people aren't looking for long term by hodl their coins. They are just want to trade coins in very short time to earn some profit, or even picked pump and dump coins. Just few of them who keep buying and hodl until few years before sell it on market.
That is very true because there are people who think that all they have to do is invest as much money as they can and then they will be able to make a lot of profit. What they do not understand is that just making an investment does not guarantee that you will be able to make a lot of profit. There are times when your investment goes to the low value and you had put int a lot to it anything you regret it so much later. Never bite more that you can swallow is also another good way of saying it. This is a busienss and in this business you end to work with a plan to avoid making big mistakes. That is just how things work at times.
Once a investors are want to choose a longterm it is really needed to hold it for few months upto more few years and it's better to not watch the movement always because it will gives you an idea to sell it once you will see value drops make sure you set your goal amount where you sell so once it reached it is automatically convert to the fiat or other coin that you set.
Right way of investing is doing a lot of research buy what you think is the best and when that is done walk from it for some time. With all research done you should know which is the time when you should pay close attention to it.
Once a investors are want to choose a longterm it is really needed to hold it for few months upto more few years and it's better to not watch the movement always because it will gives you an idea to sell it once you will see value drops make sure you set your goal amount where you sell so once it reached it is automatically convert to the fiat or other coin that you set.
If you do not have the discipline to hodl what you are buying then the best that you can do is to buy the amount, put it in cold storage and put it in a case with all the necessary details to access it then lock it somewhere that you will forget to look at.
Cold storage is the way if you don't intend to use your crypto often, thus a long term hodl would be ideal for cold storage. With this bull run you never know... Though, I would recommend being on top of things as the markets can change drasticallyLet's assume you found one for 100 dollars, but you have 300 dollars in bitcoin, what are you going to do buy one and have 200 dollars in bitcoin? Or keep the 300 dollars bitcoin and pay fiat? I would rather have 400 dollars worth bitcoin instead. Basically all I am saying is, if we do not have a huge sum that makes it sensible to buy a cold storage, there is no reason to worry about having your money in binance.
Not true if you are going to buy it is not necessary that you will need hold it some of us prefer trading daily it's called day trading.
This, definitely, is true. A lot of people transact in Bitcoin without hodling it. If you ask them why they buy Bitcoin they would simply tell you it's to trade it and make profit without any long term hodl. I do share in your sentiment as quoted and I don't think a lot of people know the details and roadmap or the white paper of the tokens they buy. Knowing all that will be time wasting and necessarily not even fruitful. Simply put, knowing all that isn't a guarantee that anyone may profit on trades. 
This is the primary things that are required for you to support all the allurements or change of psyche en route on the off chance that you are actually a holder, at that point you wont actually effortlessly let go of those coins you do had however when you do really seeing new statures then without a doubt you would truly be having considerations on selling.
The important thing is not to buy if it's only done the fomo way, because when you buy just to follow the trend it won't give you the confidence to be patient. Unlike those who at least have a basic understanding, at least it is good enough for you to buy accompanied by good confidence too. It is important for investors to understand in advance the project of the existing coin, because even though the coin looks good in the market but when the project has no future potential, it will also be a mistake if you choose to invest in a long term.
Not true if you are going to buy it is not necessary that you will need hold it some of us prefer trading daily it's called day trading. Well if you are going for a long term investment I really think you should not really buy it if you can't hold it.
No one can stop you for you to buy bitcoin, neither you do engage with short term or long term then its none of their business.Its up to someone on how he gonna do with his investments because he's the only one will be suffering neither on a loss or on profit making situation.
Just do on thing which you do seem to be profitable for you.Even if someone do tell that dont buy if you cant hold then this is varying on someone's preference.
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I'm personally stacking tokens with really long term... I'm waiting for real profit not in this bull run but in the next one in couple of years. That's my 5years plan. Stacking some of top10 coin is safer bet even if that is risky... Never know what can happen in next year even more in next 5years. Well, this is some solid long term investment plan, but what if this years bullrun were just starting up and like suddenly boosting majority of your coins up to 100%-200% from its current price? The kind of scenario will become your ultimate test of patience lol. I know 5 years might give you more than what your coins will offer to you in this current bullrun, but when this surge continues, It'll surely gives you a decision challenge. Hodling ain't easy as everybody thinks.
It will be easy if you will just like ignore or forget what you have invested in that way you will not suffer to any decrease of your investment. Holding is pretty difficult task especially if you will face many problems like continuous decrease of it's price and etc.
So it will be best if you will buy a crypto currency that you think you have a trust to it as in this way, holding will not be a problem for you as you have a full trust to the currency that you have bought. And lastly, invest only what you can afford to loss so it will not hurt so much if in case you will fail to your investment as there is no guarantee that you will profit to your investment as risk is always there.
So it will be best if you will buy a crypto currency that you think you have a trust to it as in this way, holding will not be a problem for you as you have a full trust to the currency that you have bought. And lastly, invest only what you can afford to loss so it will not hurt so much if in case you will fail to your investment as there is no guarantee that you will profit to your investment as risk is always there.
Not true if you are going to buy it is not necessary that you will need hold it some of us prefer trading daily it's called day trading. Well if you are going for a long term investment I really think you should not really buy it if you can't hold it.
If you do not have the discipline to hodl what you are buying then the best that you can do is to buy the amount, put it in cold storage and put it in a case with all the necessary details to access it then lock it somewhere that you will forget to look at.
Cold storage is the way if you don't intend to use your crypto often, thus a long term hodl would be ideal for cold storage. With this bull run you never know... Though, I would recommend being on top of things as the markets can change drastically
Instinctively as a trader; you are supposed to know few details (enough knowledge) about the token you are investing upon before you even contemplate buying it. So instead of worrying about buying a token you cannot hodl, while not instead do your own research; and ensure that you invest a capital you would not be needing urgently.
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