Have you ever be afraid of holding? - page 3.

martyns

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Quote from: m2017 on April 21, 2023, 01:53:32 AM

In matters relating to finance, it is unacceptable to allow emotions (fear is one of them) to influence the chosen behavior strategy. Have drawn up an action plan for your investments - so stick to this plan. Despite any news and events. No need to let the information noise affect the achievement of goals.

You don't need to hold on too long. You need to hold exactly as much as you expected.

All these questions about fears and worries make me puzzled: if you can't control yourself, then maybe you have nothing to do in the world of investments? Weak hands won't last long here.

You are right,let's use the word weak hearts won't last long in the Crypto trading,one really needs to be brave in trading because the market goes up and down,and one needs to be very smart in taking advantage of the period that the coin is good and okay to purchase.It is detrimental to anyone who holds and keeps his or her mind on the trade he has made.

There is every possibility that fear can grip you after trading,and the most important thing to do when you are undergoing this process is just to hold your emotions,I know holding can really be scary sometimes considering the long period of wait involved,it is only adviceable to be patient and not panic despite how long you keep your coin,but it is also good for one not to hold for too long.

Natalim

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Quote from: JamesBorn on April 20, 2023, 03:47:34 PM

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

I definitely say YES. Full of fear when the price drops after buying, everyone can really feel that when you are new in the crypto market but along it, while having some pump and dump experience, you can be immune to such normal events. Buying and holding Bitcoin and some potential altcoins could really give us peace of mind because we believe that it won't go down too easily or collapse, unlike these shitcoins and meme coins where there is always pressure on you.

Frankolala

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I have no fear to hold for long, this is because I have understood that long term investment gives good profit than short term. I don't get discourage of bitcoin price pump and dump,all I know is that there must be a halving and after bitcoin halving the next year becomes bullish. This is what I am calculating while investing, this orientation gives me more confidence to hold for long.

I hardly check bitcoin price,only when am reading news on cryptocurrency that the price shows up,apart from that I also come to know about the price in the forum when I login. We all have our focus and target price before selling off,but get panic and sell if you are not making any profit just be patient with the market,because for sure it will pump at the right time which is unpredictable by man.

cryptomaniac_xxx

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Definitely, you have the feeling that maybe someday, all your investments will go down to drain or some unfortunate things happen to you that you were not able to transfer it to your love ones.

So I guess you should understand how long you gonna HODL or when the time to share your investments to your families in case of something bad. Perhaps you can search the forum about it, for sure there are a lot of threads about bitcoin's inheritance, in case you wanted to know everything about it.

Dzwaafu11

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Yes, holding cryptocurrencies for a very long time is the best course of action. However, if you lack the necessary patience, time, and other resources, you shouldn't invest in cryptocurrencies like bitcoin because doing so will require you to rely on other sources of income as well.

Quote from: JamesBorn
link=topic=5449620.msg62123753#msg62123753 date=1682023654

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

It's strange, though, because when I hear bad news and haven't checked my phone in a while, I generally rush to do so, fearing that my money has vanished. On the other hand, when I read good news, my mind will settle down.

m2017

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In matters relating to finance, it is unacceptable to allow emotions (fear is one of them) to influence the chosen behavior strategy. Have drawn up an action plan for your investments - so stick to this plan. Despite any news and events. No need to let the information noise affect the achievement of goals.

You don't need to hold on too long. You need to hold exactly as much as you expected.

All these questions about fears and worries make me puzzled: if you can't control yourself, then maybe you have nothing to do in the world of investments? Weak hands won't last long here.

Kara3

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My advice to most people is that if you are not the patience type of person, don't venture into crypto, because it is not a get rich quick scheme and a good an a successful trade must learn how to always take profit.
Holding alt for far too long can be very risky because a negative news about a particular coin can reduce the value of that asset that it will be so difficult for it to recover unlike bitcoin that always bounce back.

Crypt0Gore

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Quote from: Luffygroove on April 20, 2023, 11:06:07 PM

Oh absolutely. I even experienced losing everything after waiting for too long. So, it's in 2018 when I hold a new altcoin token called REBL, where they kick off really well at the beginning. All the team members are doxxed, and they really look professional. They had a big airdrop back then, and everyone hyped it. Everything looked cool, and finally they reached their ATH at that time. Then, as naive as I am as a beginner, I thought with this kind of project, we could reach a higher ATH at that time. I decided to not sell it. At the time, I was unfamiliar with the pattern. I was so naive. Then, I hold it so long because they promise us great development and partnerships are coming. Just to be disappointed because they changed their project direction into an exchange project, which then failed because of a lack of funds in the middle of the journey. That exchange never occurred, and they cancelled the project, causing the price to plummet to zero. What a nightmare!

It's a big mistake holding through a bull market, that must have been a painful experience, let me tell you that, no matter how good a project is, always take your profit in every bull market and put aside some fund to buy the project back in a bear market it you truly have a big interest in the project, so even if they later fail you already make a lot of money by selling at the ATH, we all have one or two painful lessons we learn in crypto space, I bet this is one of yours, accept your mistake and learn from it.

It's good to be fearful but when we are talking about investment and you have fear, it means you lack the knowledge about what you are investing your money on, if you understand what you are investing money on there will be no reason to fear, knowledge is power, knowledge kills doubt and fear.

mk4

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I'm pretty sure almost everyone had thought of capitulating their entire holdings(and probably quit the bitcoin/cryptocurrency space altogether) the first time they experienced a good price crash. Probably even the biggest bitcoin holders experienced something similar. Though definitely not everyone actually ended up acting upon their fear.

Luffygroove

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Oh absolutely. I even experienced losing everything after waiting for too long. So, it's in 2018 when I hold a new altcoin token called REBL, where they kick off really well at the beginning. All the team members are doxxed, and they really look professional. They had a big airdrop back then, and everyone hyped it. Everything looked cool, and finally they reached their ATH at that time. Then, as naive as I am as a beginner, I thought with this kind of project, we could reach a higher ATH at that time. I decided to not sell it. At the time, I was unfamiliar with the pattern. I was so naive. Then, I hold it so long because they promise us great development and partnerships are coming. Just to be disappointed because they changed their project direction into an exchange project, which then failed because of a lack of funds in the middle of the journey. That exchange never occurred, and they cancelled the project, causing the price to plummet to zero. What a nightmare!

BitDane

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Quote from: JamesBorn on April 20, 2023, 03:47:34 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.

These holders that are able to resist panic selling when the Bitcoin market crash or temptation to sell when the Bitcoin price surge know the fact that Bitcoin is more essential and profit is way more bigger if they hold Bitcoin for more than one cycle. They don't get frustrated when the price is crashing because they know that Bitcoin is always 1 Bitcoin and will only incur losses if they sold when the price of Bitcoin dive too deep. As long as they hold BTC they are only losing the paper value and will recover when the market transitioned to bullish trend.

Quote from: JamesBorn on April 20, 2023, 03:47:34 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.

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

Fear can be overcome by knowledge. Knowledge gives confidence that is why I believe those who are still holding their BTC tights are not only smart but has wisdom about the Bitcoin economy. I admit that before when I lack the knowledge about Bitcoin trend, I also get shaken but as I learned about Bitcoin and its cyclic path, the fear just fade away.

livingfree

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I do have that personal worry but it's just a result of being paranoid. I guess this is normal and part of human behavior that we do worry even if we do nothing badly.

And that's based on the feedback that we get from the community and those sad stories about how they've gone wrong with their funds. Either, misused, lost, hacked and other unfortunate situations.

But eventually, I'm also reminding myself that there's nothing to worry about. It's a mix feelings that we're able to combine all of our real life problems and our investment problems and that adds to the worry that we're having. Well, they're all pretty normal if someone have this on his mind.

qwertyup23

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Quote from: Oshosondy on April 20, 2023, 04:05:37 PM

Quote from: JamesBorn on April 20, 2023, 03:47:34 PM

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

There is nothing perfect than waiting for bear market to come. After it comes, hold for like 2 years or more and enjoy the bull market.

There are some people that make the mistake of buying at high price, followed by bear market. Some people would have sold in losses, but those that also hold for long later will become happy.

Holding for long is also healthy, it makes you healthy than the panic of checking the market price all the time.

I do think that HODLING requires the responsibility of the investor to determine whether he aims for short or long-term investment.

Given that the price of BTC is volatile, its price may either increase/decrease without any given notice. This calls for the person to decide whether to sell their BTCs for a short-term gain or a long-term gain/loss depending on the amount of his initial investment.

Personally, I would HODL 50% of my BTCs for long-term and sell the remaining 50% as a short-term investment and re-invest my profit in order to maximize my holdings for the future.

Dr.Bitcoin_Strange

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Quote from: JamesBorn on April 20, 2023, 03:47:34 PM

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.

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.

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

Only a few may not be concerned with the daily price movement, but keeping up with some news and updates will always make you check the price. After all, we are all humans. There is fear, and there is determination. I can say that someone who is really aware of Bitcoin has already killed the fear in them before they decided to put their money into it. When you fear price manipulation, that means you may not have the zeal to invest again, but before they invest, they are already aware of how volatile the asset can be. It may not be certain, but I invested in Bitcoin because I know I will make money from it and that it will not crash overnight and that it cannot just crash so easily.

The greatest fall of Bitcoin was in 2011, when it fell by -99%, but after that, it struck its ATH in 2021. I have killed my fear, and I will be holding and also selling fraction by fraction when I see a tempting price that is favorable to selling. Fear I had in Bitcoin was just in my early days into Bitcoin.

michellee

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When I first learned to be an investor, I often experienced fear when I saw the price increase every day. And it made me learn to overcome my fears and worries to be able to hold bitcoin well. And it has worked so far that I am no longer afraid or worried about holding bitcoins.

It takes courage to hold on to bitcoin when the price is dropping, let alone dropping drastically because most people are not ready to see it. The crypto market will always be up and down, so we must prepare to hold on firmly.

If you are a bitcoin investor, don't be afraid to hold onto your bitcoins when the price is corrected. But precisely, those are the best times to buy bitcoins because you can have more bitcoins.

Gallar

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Quote from: JamesBorn on April 20, 2023, 03:47:34 PM

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

Holding crypto/bitcoin assets for a very long time is not an easy matter. Many people are tempted by a small increase, then sell it. After selling it they regret it, because it turns out the market continues to increase. So it's true, investing in the long term, you have to be really unanimous, your determination must be strong, your calculations must be mature, you must be mentally strong and don't forget that investing in crypto/bitcoin for the long term, you must have a steady job, with monthly salaries. Because if you only rely on investing in crypto/bitcoin, you are afraid that before the target price has not arrived, all the assets have been sold, it is still better if you sell when the market is rising and you will have a profit, but what if the reason you are selling these assets is because there is an urgent need, something like that is very inconvenient. So when you are going to invest, the point is that you have to have a steady job, that's for provision, while waiting for assets to experience a high increase, so you can be more calm in investing.

Rockstarguy

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Quote from: JamesBorn on April 20, 2023, 03:47:34 PM

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

I think this feeling is common during the first experience of hodling, the fear to lost. But as one keeps having more experience in hodling and gets familiar with the market the fear to lose won't be any longer. As an experience investor If one keeps having fear of hodling it is either the person is not into the right investment(shit coin) or investing with the amount he can't afford to lose. It is only when you are not hodling bitcoin the fear to lose will always be in the mind because when it is not bitcoin it is always assumed things can go wrong at anytime.

Awaklara

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Quote from: JamesBorn on April 20, 2023, 03:47:34 PM

Is holding for too long OK?

in the past I have had bad experiences with holding altcoins. it started when i buy altcoin on exchange, i withdraw it in wallet. but i forgot about it. I accidentally held on too long. it has even gone through several pumps and finally a very sharp decline occurred. sizable loss.
from that experience, I see, if you want to hold for the long term it is better to choose Bitcoin. any altcoin is too risky for our investment. unless you are a person who always goes to the market every day.

Z-tight

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Quote from: JamesBorn on April 20, 2023, 03:47:34 PM

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

If you are holding BTC, and it is in your hardware wallet or in an air-gapped computer, and you practice great opsec, then nothing can happen to your investment, you only have to hold it for the long term.

Quote from: JamesBorn on April 20, 2023, 03:47:34 PM

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.

I don't understand what you mean here bruh, your BTC can only be confiscated if it is in a centralized exchange, that's why it should only be stored in your self custody wallet like Electrum or BlueWallet.

CryptSafe

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It is natural you panicking to selling your assets when you noticed a sudden decline or drop as a result of fud and other factors too more especially when you are holding for a short time.

No investor would be comfortable watching while their assets value decline without taking profit from it or better still taking back their capital while they can to avoid loss.

This is the experience of every newbie.

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