Not now if you are doing and thinking about investing, 2019 is a good year if you know and do it all.
If you made a long-term investment at that time, maybe you are already enjoying the results you are doing, for example Bitcoin, remember when the price was at the level of $6000 at that time, Try to imagine, if you are currently in the class of people investing in 2019.
Actually it is not difficult to do if you start when the price of the coin has fallen in the past 2019.
Now what can i say the market is unstable, what else to think long term investment.
Topic: Don't buy what you can't hodl. - page 9. (Read 1711 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.
From your words, i can feel that you have seen the hard time in trading.
Yes whatever you said it’s appropriate but still somehow for a particular section of people they will deny it for you.
What if people need instant profit in small amount of time, they will surely ignore this thing.
Yes i know to get instant profit you need to take heavy risk. But if you’re not so sufficient to take risks then OP’s advise is the best.
Hope this clears some confusion here.
Well, however, if you put your money in a wrong project, it is not worth at all to wait. Many projects can resurrect after a period of time of developing, but some others will remain the same. Therefore, before you try to invest your money in anything, you have to analyze it first. It will be wiser if it is a top 50 coins on the lists.
The other ways to save yourself from this absurd situation is to split your money into smaller parts. Each part is for a specific project. Investing is not just a simple game. It is a real job which can help you to generate money passively. But when you treat it wrong, it can turn into your biggest nightmare and steal all of your money. Being patient is necessary, especially when you invest in bitcoin (or gold). And remember: the higher the risk, the higher the reward. But will you accept the risk before having your own reward?
The other ways to save yourself from this absurd situation is to split your money into smaller parts. Each part is for a specific project. Investing is not just a simple game. It is a real job which can help you to generate money passively. But when you treat it wrong, it can turn into your biggest nightmare and steal all of your money. Being patient is necessary, especially when you invest in bitcoin (or gold). And remember: the higher the risk, the higher the reward. But will you accept the risk before having your own reward?
Maybe this is a basic key in starting trading. It's better if you really want to hold, then playing with coins that are safe and certainly good. Don't buy coins whose price changes so quickly. Maybe even an unknown coin. this would be very risky. So for me as a beginner trader, I prefer to buy coins at the top ranks whose quality is clear.
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 would agree with that if only it's followed by dollar cost averaging, without that it's not going to be a pleasant experience even if it's just a short-term downtrend.
But over all I agree that it's better than buying something that you don't have a clue about, there are tons of people that their trading strategy is to just jump over different coins because they heard from some random person online that it's a good trading opportunity and some of them still don't know why trading doesn't work out for them, knowing what you're buying is always better than just picking up random coins by counting on luck and hoping for the best.
Well, IT IS called hodl for a reason. Not particularly sure how the term was described by whoever made it prominent, but from what it was spread, hodl was used as a term to actually describe a long period of time, as in VERY long. It's at that point where you don't bother thinking about the price, you almost let it rot there for who knows how long and come back to it a few years later. Well, rot may be a bad term to describe it, maybe a better comparison would be how wine has a better taste the longer it ferments or something similar? Afaik that's how wine works anw.
Well each person has their own style of trading, and some have their own definition of hodl. I say let them have their own fun tbh.
Well each person has their own style of trading, and some have their own definition of hodl. I say let them have their own fun tbh.
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.
Don't buy coins that you'll just hold, it should be like that, because what you're saying is not that easy. Buying in the dip? how'll you able to know the dip without any chart analysation by technical analysis? trust me, instinct will not suffice to make profits just because you think the dip is at its max range. It's more profitable if you do have knowledge in Trafing before you buy coins and take advantage in its dip and pump.
If you
Especially now, lot of altcoins that are only good at the beginning but for the long term, it is slowly getting weaker.
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.
(...)
If this is the problem, I believe the good solution here is put a stop loss for every trade, since even you are long term investor, I believe you are also doing trading. It is also a good move to protect your capital if incase something bad will happen.(...)
Especially now, lot of altcoins that are only good at the beginning but for the long term, it is slowly getting weaker.
Most likely now that most of altcoins I am holding were in bearish mode. Patience has been tested but this makes me realized that it wasn't the first time I've encountered such event in which I am too greedy and not sell off when they're at peak , now am suffering from deficit fund instead of having profits.
For example, ripple. Either I accumulate more coins by buying now when it is low or just wait for another pump and sell off even at least 3 to 5 % profits. Instead of panic emotions, think of a way where we can still gain or benefit from holding those coins.
For example, ripple. Either I accumulate more coins by buying now when it is low or just wait for another pump and sell off even at least 3 to 5 % profits. Instead of panic emotions, think of a way where we can still gain or benefit from holding those coins.
Before someone can hodl and keep believing in the negativities that occurs as time passes, it takes up a lot of courage. Patience will always be a virtue and you will be brought to greater heights by perseverance. If you have not met these standards and have greatly regretted the current bitcoin situation, let it be a lesson learned and start reflecting on the things you should do next whenever you are given a chance again. Not everyone has the same kind of hodling patience, so if you're one of those lucky enough to experience this massive bull run, be grateful and careful with your choices so that until it lasts you can make the most of it.
Any kind of Investment is a risk. The only way to overcome that risk is to have patience but investing your money into a crap project will always result in failure even if you have patience. Therefore always do a proper research before doing any type of Investment.
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If you have a plan for your investment, you do not have to confuse to close the investment because even if you make a long time investment, there will be a time to close the investment and take a profit. If you forget about that, you will not make any profit, but you will get losses, no matter how long your investment time will be. You must use only the money you can afford to lose, so you do not have to lose all of your money.
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 do believe when people are seeing their crypto goes down and they will be sending their portfolios to the market and they will start to feel panic. These days there are lots of people shorting the market and even some of my friends were playing with XRP and they got trapped at 40 cents. So many times the long term investment is only suitable for people who has the harsh hand. These people will never sell their coin even when their coin worth nothing.
You can buy FOMO when it was getting started but never try to buy when it reaches the peak.
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 have always been telling my crypto friend circle to buy crypto currencies with your left over money from salary! Almost all of them are salaried and it's always good idea to buy crypto after you payout your real world debts, EMI's, put some money into savings and some money for your family. After all this when there some money that is left over, one can always put it into the bitcoin for instance and forget about them for long terms.
This way one would not have to worry about the money that is been invested. If you loose then you loosing unwanted money. How do you feel about this strategy?
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.
Because you did not add the Most used word in Crypto "Invest What you can Afford to lose " in this ,we are being challenge about our Funds that in any case may lose or gone forever ,so being ready and capacitated is the best attitude and material if dealing in market like crypto.
many people here keep on saying those words but can't even stand a little time when their currencies starts to lose momentum.
If you are Not having these characteristics ,Then you should not dare investing here ,because i'll tell you ,only Burden is what you will bring and cater here.
A simple way out is to plan your funds, dont fomo, buy at more dip, take profit at intervals.
Mostly, yes. But also definitely be familiar with what you're buying. Perfect example being the fidget spinner coin that' just recently being dumpstered due to all those news. 🤣 (hope it does soon)
It is why you need to always search for the right coin to invest in. If you buy bitcoin, even if the price is down, it will go back to the high price, so your investment will not just a waste of time. But if you invest in altcoin, you need to think about when you should the coin because many of us still hold it and do not sell when the price increase. What we need to do with the altcoin is when the price can increase more than 2x from the price you buy, you should sell it right away before the price is down.
In my opinion, a problem of this generation of young people is the inability to build a position in the long term.
In Italy we have a word to define a person who buys paper securities and then redeems them at later time.
This term is “CASSETTISTA”.
I am proud to be a cassettista
In Italy we have a word to define a person who buys paper securities and then redeems them at later time.
This term is “CASSETTISTA”.
I am proud to be a cassettista
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.
This! This is the most important when you are planning to invest in crypto and choose the safest to invest, and that is Bitcoin. When you decided to sell your coin at a low price, you might also know that you are at a losing point which means that you already accept that you have been losing already. Much better if you will wait for a perfect time to sell your coin and when you see that your profit was there.
I tend to agree with what you have said, that buy if you cant hold. It means that invest in what you can't afford, not use your monthly allowance, your monthly bill, or any emergency fund that needed anytime you need. Invest like you are saving an amount that you can afford and patiently willing to wait for a perfect time for taking a profit. That's how it is.
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.
Very very long patience and a very very strict on following your plans. This is the main things that are needed for you to sustain all the temptations or change of mind along the way
if you are really a holder then you wont really easily let go of those coins you do had but when you do actually seeing new heights then for sure you would really be having thoughts on selling everything you had? lol
Buy low and sell high is for short ones but for hodlers then this principle doesnt really count. Also, each one of us do have the full control of our funs if we do saw that this one will benefit out
or for the sake of securing profits then those plan of ours would really be meant to be broken as long you do gain then that what matter most.
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