Have you ever be afraid of holding? - page 2.

isaac_clarke22

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Quote from: JamesBorn on April 20, 2023, 04:47:34 PM

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Actually it is easy as long as the money you had invested are just the one that you can afford to lose. I can still recall though my experience before where I kept on refreshing the browser for the price of Bitcoin in the span of 5 minutes. It kinda gave me the bad habit of looking into the price endlessly, but then I overcame that bad habit though.

I never had the fear of holding now these days. It's like I even forgot that I even bought Bitcoin then only to found out that one day my investment just went kaboom! No profits within a year? Meh, it's fine. Hundreds of profits next year? Holy crap, I did not see that coming.

BIT-BENDER

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Well this doesn’t happen to me as I am more of bitcoin enthusiast and I have never heard issues holding the Bitcoin. And it’s even preferably to me than cash.

Most people that would be scared of long term holding should be the ones that are holding Altcoins, there are risk holding those altcoins especially the more affordable new ones.

ancafe

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The long term has always been the best choice in bitcoin, the characteristics of bitcoin are actually strong in maintaining value, so many investors prefer to hold in the long term.

Quote from: JamesBorn on April 20, 2023, 04:47:34 PM

But as humans have you ever have this fear of holding? Like what if something happens to my investment? Did the negative news sometimes threatens your feelings? Like a case of politician in my community who bought 10 units of bitcoin after his political appointment six month later was caught by government ban policies trying to withdrew remaining units of 5 and some fractions after the long time of bearings season, he was sore afraid to loss more than that. He was caught by bank regulatory policies of no transactions with Cryptos related business and local banks and his account was seized.

Of course panic and worry has been experienced by anyone in the crypto space, especially for those who are new to investing. Negative news, exchange crashes and cases of a political nature affecting bitcoin will have a psychological impact on long-term holders, because it relates to the money we invest and moreover the amount is large and not limited to one's ability to undertake the investment.

But over time, experience will teach the ability to control the risks involved in investing. Experience will also teach us to read market movement situations and understand bitcoin travel conditions from time to time and price fluctuations cannot be separated along the way. So it is very natural for people to feel worried and experience fear when starting or who have been involved in investing before.

ajiz138

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Quote from: nakamura12 on April 22, 2023, 10:18:45 AM

I am also afraid when I am holding crypto. Who wouldn't be afraid of holding crypto?. There are reasons why people are afraid of holding but I think there are some people who are not afraid since they are more willing to take risk and have lots of money. People like us that doesn't have lots of money are much more afraid to do so. There are some people who are new and doesn't have lots of experience are the ones that are much more afraid.

Cryptos? I think crypto is altcoin and bitcoin is still bitcoin not crypto.

If you hold crypto, obviously, you will definitely have excessive fear because if you hold the token, the risk will be very high. I don't even dare to do it in crypto, except holding BTC, even though the fear is there, but it will still be opposed because I think BTC will better in the future if I can endure it longer.

BTC always has a good cycle and it always reaches ATH. This can be seen from history, how we saw it, so the only holding now is BTC, not altcoins.

It is natural to have anxiety and fear, it is human but you have to stick with BTC if you want to be profitable.

crwth

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You can classify people into two categories

Paper Hands
Diamond Hands

Paper hands are where you would know if someone dislikes or is uncomfortably HODLing their coins.
Diamond hands are holding it no matter what happens.

I think we have all been through those phases and I hope everyone would have made right decisions.

Eureka_07

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Quote from: JamesBorn on April 20, 2023, 04:47:34 PM

Yep, mostly when I was just starting with Bitcoin. Whenever I receive bitcoin as payment or after withdrawing it to casinos, I always find myself selling it as soon as possible because of the possibility that the price might go down, meaning, I couls lose some of my asset's value. But that's not the case anymore for me today.
With altcoins on the other hand, I hodl a lot, which I later realize to be a wrong decision.

nakamura12

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I am also afraid when I am holding crypto. Who wouldn't be afraid of holding crypto?. There are reasons why people are afraid of holding but I think there are some people who are not afraid since they are more willing to take risk and have lots of money. People like us that doesn't have lots of money are much more afraid to do so. There are some people who are new and doesn't have lots of experience are the ones that are much more afraid.

Lantind

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Quote from: JamesBorn on April 20, 2023, 04:47:34 PM

Have you also have that fears before? Is holding for too long OK?

When sticking to Investments in Bitcoin so far we are still consistent, yes maybe in fear someone will come to where bad times are happening in the market and they start to think, but for old investors we think this has become something normal for them, considering the journey of Bitcoin from year to year, of course, things often happen that every investor doesn't want, but what is certain is that the fear still exists even though it doesn't really have an impact.

smyslov

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Quote from: JamesBorn on April 20, 2023, 04:47:34 PM

Long term investors are the real investors, is not easy to hold watch your money going down by the day, people who buy occasionally during deeps and store don't usually calculate current price action because they are after the future. Characters of holding includes not checking or bordering about daily price, not minding the reductions or increase in price, they're after accumulating more of bitcoins in units or fractions, not regular negative news listeners, and they barely tells if they've loss a lot from the system, finally they're very patients enough to wait for recovery and overflows in price.

Have you also have that fears before? Is holding for too long OK?

Those who can do this have invested what they can afford to lose, let's admit it the market is highly volatile its hard to invest your savings here because of uncertainty, the market sometimes suffers from FUDS so if you're not really decided to HODL you will be tempted to sell at a loss, and most of the times the long wait is unbearable.
I also admire those who invested here and HODL whatever the condition of the market honestly I fear whenever the market is dropping because that means I have to wait long before the market gets better and during that time I might need money for my daily or emergency needs.
How I wish I have a good-paying job or a good business so I can also accumulate without thinking of selling when I badly need funds.

Daniel91

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OP, you definitely asked a very good question.
If someone is a young and inexperienced investor, without much knowledge and with little funds, and has invested everything in bitcoin, then it is definitely not easy for him to follow the daily news about the movement of the price of bitcoin and other cryptocurrencies.
I think each of us should be aware that investing in crypto is very risky and that money can be lost. Therefore, we should invest funds that we are ready to lose, and that we do not need for everyday life.
After that, one should focus on other things in life and forget about this investment. You need to analyze the market well, make a concrete investment plan and have a clear exit strategy.
It is always a good idea to diversify your investments.
I am not afraid because I have invested money in bitcoin that I can live without and I am patient and willing to wait until btc reaches a certain price. In addition, I have other investments and I do not depend only on bitcoin.

Ojima-ojo

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Everyone here has hard same feelings once in a while and before we build knowledge of the market movement and volatilities, take for example when I first bought my first Bitcoin, the price dropped significantly the following week and that market action got me panicking and I result into constant checking the price of Bitcoin even though I have long term investment model but I was still concerned about the current market then.

But now that I have good knowledge of the behaviour of bitcoin and how unstable the price can be I mam now relaxed and can not take whatever condition bitcoin present at whatever time be it bear or bull I now understand that there is no stable one-sided bitcoin price condition at whatever time.

Dunamisx

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Quote from: JamesBorn on April 20, 2023, 04:47:34 PM

Have you also have that fears before? Is holding for too long OK?

If you're a newbie then definitely you will get scared of missing out because you aren't used to the whole process, but then you must understand that you're taking risk because in other for us to make money, we beed to take risk, bitcoin should be hodl on your own personal wallet at first, this will help you maintain being safe from hack or lost of your asset, you can hodl bitcoin over a long period as an investment because it is also a very profitable decision to take, you can as well go on a short term holding base on your target while speculating.

Mpamaegbu

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Quote from: JamesBorn on April 20, 2023, 04:47:34 PM

Long term investors are the real investors, is not easy to hold watch your money going down by the day, people who buy occasionally during deeps and store don't usually calculate current price action because they are after the future.

Yeah, the real investors are those who buy during the bear market and hodl into the next bull season before selling off; thereby allowing the circle to complete and repeat itself. Those who buy and hold without selling off at any point aren't helping advance and complete the Bitcoin circle. Hodling without selling off won't create the necessary dips that allow for the redistribution of wealth. If everyone is hodling and not selling at all, price won't rise.

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But as humans have you ever have this fear of holding? Like what if something happens to my investment?

To be sincere I don't like the idea of hodling when it's a bear season. Why hodl when you know the market is dipping? I experienced it in 2018 but never allowed it to repay itself in 2022. It's the same way I won't be hodling in 2026. So, before holding check what the market situation is like.

lovesmayfamilis

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That is why it is always said that it is better to invest an amount that you are not afraid to lose.
Whatever happens, you need to understand that the entire responsibility for conservation, as well as for the amount of investment, will lie with the owner. No one can help restore the lost in case something goes wrong.
Therefore, each person will complain, panic, and regret in his way. Understanding all the risks, we take on the whole future, regardless of whether it will be good or not.

Mr.suevie

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I won't lie on this because they will definitely be some sense of fear holding especially if you are a newbie in the investment world, like the op said its not an easy thing to seat back and watch your coins or should I say money go up and down knowing fully well that the market can go sideways within an twinkle of an eye. For me I used a simple strategy which is; any money I have used for an investment I just count it off my mind and just tell myself that its all for a greater good and the forum also acts as part of courage during an investment because many forum are always advising to hold your coins for long as its more preferable and profitable.

traderethereum

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There must be a sense of fear when we hold bitcoin because we see the price increase daily.
But if we can overcome that fear by controlling our emotions, we certainly won't feel that fear because we already have the knowledge and experience that are holding bitcoins has risks.
And as long as we can deal with that risk so it doesn't get big, we won't be afraid to keep holding bitcoins and even if the price goes down, we can buy more bitcoins.
What's important is that if we know the risks and how to deal with the risks, we won't worry about anything.

wahyuagung26

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Quote from: JamesBorn on April 20, 2023, 04:47:34 PM

But as humans have you ever have this fear of holding? Like what if something happens to my investment?

So far I as a Bitcoin Investor in the long term are still very consistent with my target, which is where I have kept holding assets all this time and waiting for the next few years, maybe human feelings still exist in humans but here I am not too influential on the mind because as long as Right now I'm focusing on looking for opportunities to continue to do DCA on Bitcoin which is to add little by little.

Quote from: JamesBorn on April 20, 2023, 04:47:34 PM

Is holding for too long OK?

If the choice is Bitcoin to remain in a safe position in my opinion, and it's a different story if we hold Altcoins and we think Altcoin Investors don't hold Altcoins for a long enough period considering that the price increase factor is not too significant maybe they buy hold temporarily and sell in price folds that goes up a little. But in general Bitcoin is of course held for a long time.

AakZaki

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Holding long-term is something that I have always done until now. a number of Bitcoins started to be held for a long time until now and I still maintain it. Is there a feeling of fear when holding? There must be, because the value of Bitcoin continues to fluctuate making me once worried that Bitcoin will be worthless again. But when I already believed and Bitcoin became the best for the long term, I continued to hold it and even bought some when Bitcoin was crashing.

There is no doubt about holding long term with Bitcoin. But when you hold long-term with Altcoin it will be very risky to lose more value.

Zanab247

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Quote from: JamesBorn

But as humans have you ever have this fear of holding?

Yes, when I newly started buying BTC and other cryptocurrencies from the market, I always had that fear in mind if the coins am holding disappear or continue reducing more than 3 years because, I was used to 6 months or 1 year holding then until I came to learn more from this platform that made me to hold more than 2 years to gain More opportunity to earn well in the future. I know you experience such challenge in your crypto trading that made you to brought this topic, but don't give up on holding because many successful investors today went through what you are going through today. But you need to kill that spirit of fear whenever you are planning to hold like 3 years before you can sell like other potential holders in the community.

SOKO-DEKE

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Quote from: JamesBorn on April 20, 2023, 04:47:34 PM

Have you also have that fears before? Is holding for too long OK?

Yes, the fears are always there when coins are losing value especially when someone is new in crypto market.holding for long term is the best strategy but the hardest part because it is not everybody that have that strong mind to bear the bear period.but I will say that experience and understanding of Cryptocurrency industry are always play a good part in long-term investment. When you have good knowledge about what you invested in, it will be hard to create that fear in your heart.so the main people that always afraid in the way of holding Bitcoin or coins with good potential for long term are newbies and people that invested what they cannot afford to lose.

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