Topic: HODL is purely a mental challenge - page 4. (Read 1442 times)

I mean you have a good point, but I guess it wasn't really that bad to go for early profit as long as it is still a profit even though it wasn't a big amount of profit, profit still profits so it is still good enough, also it wouldn't really matter since you're going to have the opportunity to reinvest your money again in case the market price drop again if the market price starts to skyrocket again arent you going to sell your Bitcoin, I believed that there were just some investors that doesnt really have the plan to sell there Bitcoin which I think is a good move but isn't a waste since your investing in cryptocurrency or Bitcoin in order to make a profit right? probably some are going to save not only for profit, but let's be honest we all invest just to make a good amount of profit, so if we did make a good profit aren't you going to sell your holdings?

personally, I would sell a part of my investment if I think its already a good price to sell and I already make a good amount of profit, but I wouldn't really sell all of my Bitcoin or cryptocurrency since there is always a chance that its going to surpass its past price, where you could lose your opportunity if that happened, also if what happened is the opposite the market price continue to dump, I already make a good profit giving me the opportunity to reinvest that money or maybe use it to invest to a safer investment.

I understand what you feel and most people fail to practice HODL, to be honest this is very difficult to do because the mental stress of Bitcoin price fluctuations can disrupt this strategy in an instant when you feel panic from a bleeding market or a freefall forming a new bottom , Most people lose, most people give up and most people stop and even lose because they can't practice HODL.

Please know, friends, to reach heaven is not easy, you have to fail and fail, but it is not impossible, you have to keep trying and keep trying so that you are able to do it and prove that you can HODL your bitcoin until the specified time.


From what every Bitcoin adoption shows, most people use Bitcoin as a means of investing and maintaining the value of their money from inflation. Yes, maybe you are right that we will never be far from the future with blockchain and Bitcoin is the pioneer and also the king of all innovation. which is in the ranks of blockchains that have been developed to date. Deciding to hold bitcoin is a tough decision but the people who do it are very intelligent and have a strong mentality.

It is undeniable, indeed a big challenge, especially for beginners. Having mixed emotions and a lack of knowledge, you'll really become uncertain of your doings, and even holding becomes questionable. I could say this because this is what I felt before until I realized that holding is a must. We can't never beat that market volatility which sometimes we are urged to hold our coins and become patient. If we can't hold it means that we never see success as well. That is why impatient people suffer losses while those who can wait are able to reach their goals.

I believe...
In the future, technology will not be able to escape from what is called blockchain.
So bitcoin investment is a promising investment in the future.
The value continues to increase and the technology can definitely be utilized by humanity.

As long as technology still exists and develops, bitcoin will continue to exist, and holding bitcoin is a wise choice. Even though Hold is a mental challenge, I agree with that, but if we can get through it our future will be even brighter.

Indeed, holding has many temptations, so what we need to change our mindset and invest confidence in bitcoin assets. Indeed, holding looks easy and simple, but this strategy cannot be implemented haphazardly. So we have to go through various processes of analysis, mental and belief.

In any case, I have been holding for some time. Quite a bit of time. Around 85% of everything I earn is in my holding account. The rest I am somehow using to survive. I need to sell, because I need money, I need to buy things, but I'm holding myself back. Wait just some days. I know it may sound absurd. But I think if I can somehow pass this moment, I can hit a big. That's why I have been buying whenever I can. As we all know, we are at the peak of bitcoin. The halving will occur pretty soon, in April 2024. So until then, I will keep buying.

Never selling everything, almost holding everything.

Some people tend to break every rule made in this world. Sometimes I cannot hold myself from saying something straightforward. My forum journey began with a question in mind, it was "Can I lock my Bitcoin in a wallet? I found a solution at the end. But the problem was, I was making money online and spending them online as well. I was thinking of saving my Bitcoin for the future. But most of the time I end up gambling my bitcoin in online casinos. So I was looking for a solution. Coinb.in was the solution. I already know that saying Hodl is not hard, but most of us cannot hold it. We fail because it's a mental challenge and sometimes we fail to ourselves.

Reason for holding is such a great challenge.
If I am holding to build a house after the bull run and in the process of holding, there is a financial problem that is needed to solve, if I have no emergency fund, it means that I could cut my hodl short and take care of the most needful.
The best hodler is one who holds with spare money, or money that is actually not budget for anything. This is the only way to keep going even in the middle of a dip bear

I agree that hodling is a mental challenge, especially if the hodler is always a checker of the portfolio and a tracker of the bitcoin price.

If you are a holder, you can also determine within yourself how long you want to hold for. Your reasons for holding has to be well articulated. There are even more people holding now than before. They have started to understand it's importance. One of such is the low volatility.

You're correct.
You seee, it actually looks very insensible to allow your coins to read down bellow, believing that it'll definitely go up...that's where hope plays a vital part..
Sometime in the past, I use to ask questions like; what if it doesn't go up anymore? What if this is just manipulated to suck up the world's investment and die in a twinkle of an eye?.. at the end, I decided to dig deep, investing my time in personal tutorings ECT...

---

I've grown to discover how wrong I was.

Sandra 🧑‍🦰

I am a hodler too, but honestly, it's a hard task. I need a lot of patience for that, and it is hard to control emotions. We know emotional decisions aren't the perfect move in crypto. However, I am still a holder, though I am not sure how long. My habit is to take advantage of the volatility and buyback again. So I have some extra funds that help me in my daily life. That's the reason I store my funds in hardware devices and keep them far from me. So easily, I can't sell emotionally. I need to have more patience, to be honest. So I am still practicing this. I hope I will be a great handler rather than just a holder.

Yeah, maybe we say it easily right now "let's HODL for a very long time" but it's really a different situation, once our stash of Bitcoin has hit 1 million US Dollars or even more. It will be very tempting to sell because after selling it, we would be insanely rich.
So, we can see, it's not easy at all to be a good HODLer. 

In any case, I would always try to keep at least a fraction of Bitcoin.
Never sell everything. 

Most of the holders don't have that mental strength to keep on holding. And when they see the price dropping, they sell in panic. It's not their fault either. They don't have enough funds to hold for 4 years. In my opinion, mental strength is not the only thing that requires for holding. Knowledge and experience are also important. Good holders don't panic or expect small profits; rather, they wait long-term for huge profits. 4 years!! Yeah, it's a long period of time. But those who kept up holding for these years hit the bullseye.

Yes that is actually correct. Having a good mental and emotionally stable health is a must needed in this kind of market. If you are old or trading long time in crypto your patience is already been stretch and you are get used to it. The bear and bull market is too hard to understand at first especially if there is a FUD coming from some people , new people in the market tend to believe in this and at the end of the day they will panic sell.

We don't know why many of the wallets which haven't been motionless are in that condition. Losing access to coins isn't hard to believe because we know incidents like these occur. If they're under pressure they'll make mistakes so some hold on for longer than expected or sell early because they can't handle it.

People have mind or maybe they have much more than they really invest in bitcoin, I'm really puzzle how they developed that kind of mind because thinking bitcoin will reach 1 million before selling is going to be a forever waiting, like it might not happen and even if does, the moment people detect the bitcoin held for many years start moving, the market will react to it and it will be so quick to crash again. Where does that now lead?

There's fear when you're spending to buy crypto. Investing your savings isn't an easy step so it's a real mental challenge that's when the journey starts. We don't know the future so we can't plan each decision's going to be the best. Every bitcoin's selling for $27k so HODL would've been superb for early investors because they'd be best off in financial terms.

This is where I thumb up for Satoshi Nakamoto. Whoever they're or whatever entity that's. I give it up to him/them, staying unshaken despite all through the various ATHs; even the one in 2021 and the wallets alleged to be his/theirs still didn't move. It takes a special kind of mind control not to trade that wallet, honestly.

The dude was active till June 2022. It's not as if he left that year he made that "whiskey" enhanced post which turned out legendary 😏

Holdling is totally depends on your mindset or planning, it could only you if constantly watching the price movement which could lure to start panic and sell off your investment but like I said it depends on mindset because for me I plan on buying and holdling for long time and never allow anything to distract me.

If hodlers don't wait for the 4 year cycle then he can never be a long term hodler. A hodler always maintains positive thoughts and he relies on them for a certain period of time. A hodl is simply a waiting period when a person hodls their money for a long period of time until the bitcoin halving, basically we call them a hodler. Timing is of the essence for every holder as the longer he can hodl the greater the risk of profit. And holders who hold for a long time must pass their time in psychological challenges. I think investing and holding whenever a person does it for a long period of time has to go through a lot of epidemics. So it is not so easy to hodl, it must be for a long period of time, which is not possible for everyone and those who wait for a long time are the real Hodlers.

I'm not sure at all here, that each hodler has already determined the price when they will sell.
I'm not even sure if that's more than a tiny percentage, who start to HODL and have a determined price, where they are going to sell.
And yes, "Moon" or "Lambo" is not a determined price. 

Also for me, I have not determined a price, where I'm going to sell my valuable Bitcoin. 
Of course, also some have lost access, probably.