Have you ever be afraid of holding? - page 4.

acroman08

legendary

Activity: 2520

Merit: 1113

wrong board, this thread should be moved to Beginners & Help.

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

Have you also have that fears before?

Of course, a lot of times, who wouldn't get worried or afraid when the money you invested is decreasing? even if you believe so much that in the end, you'll gain profit from investing in Bitcoin, those feelings will probably come from time to time probably during a bear market.

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

Is holding for too long OK?

yeah, I mean it is ok as long as you know what you are doing and the risk you are taking, but then again, holding for too long could also make you miss on potential profit because of hodling.

Oshosondy

legendary

Activity: 1624

Merit: 1200

Gamble responsibly

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.

JamesBorn

member

Activity: 84

Merit: 18

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.

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?

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