Topic: #HODLing is not a smooth journey - page 10. (Read 1793 times)

It depends on what you are holding for the long term. This is true for assets like bitcoin and ETH mostly. If you are planning to hold any other altcoin then you should keep in mind that most of the altcoins that have already performed very well in the previous bull season can usually not repeat the same in the next one. We have very few consistent performers in the altcoin market and most of them failed to outperform their previous seasons performances. So for long term holding we do not have too many options out their but if you are planning to do it until the upcoming bull season then pick a new project that has strong backing and narratives in the market.

What makes holding comes in like a disappointment is that some never expect holding up to that extent, what they thought about is whenever they Invested in bitcoin, they always wish to see their own target time come to pass within a short period of time without having to wait any longer before they sell out, some also get carried away with the bear market thinking there won't be any other opportunity to experience bull again during bear market.

Holder knows that - obviously the journey will never be as smooth as people imagine, but the goal will be achieved when they are able to manage their psychology well. Let's look at the graph and the trend in the last year and imagine how happy the holders who still held their bitcoin were in the last year. I am one of them - I should also feel happy about what has been achieved now.

If there is any digital currency that is stubborn and rigid, I will say it's bitcoin because I could remember vividly just last year or 1 year ago and some days when bitcoin when to below $16k, everyone were sad and panicking that bitcoin is going to repeat 2020 blood bath and it will go to $5k but look at it now, it's been stubborn to go below $35k since last month because some fundamental news are pushing it to break $40k and when that is successfully broken, next target is going to be $50k.

What are the lesson to learn from holding bitcoin? You need to be extremely patient about it, the journey is bumpy and at the same time painful but there is joy you get in the end and that's the profit you make at the end of the day when you decide to sell. It can be draining and challenging especially when the market is red everywhere but you see the green candles that were printed in October and November were worth the effort.

The amount invested is actually going to depict what you are going to make at the end of the day. Don't invest $100 and expect to get $20k in the next 5 years. That's like 5X and if bitcoin should do that from the current price, we will be discussing bitcoin to be at $100k plus which is possible and likely not possible. It's better you consider amount to invest.

I'm not sure who deserve the credit but I know I first read something like this by a thread created by 1miau about Trade vs. HODL - avoid traps which expasiate between why you should hold and not trade because of the risk involved but your subject isn't bad as well.

Trading is for those who have the mind and are ready to be prepared for what comes after. Personally, I don't have the time to draw lines and follow everything literally news about bitcoin, so to avoid been embarrasse and missing update and not been able to trade the news, I will hold onto bitcoin and get every volatility that comes next, because even from your picture, bitcoin growth has never been liner and had never been in an incline trend, it goes up and down but when you view it at large time frame, you will see that it does have increased in price and hence the reason to hold for long term.

Indeed, HOLDLing onto your crypto assets for long term is like driving on a bumpy road to success. The path is far from smooth and filled with twists and turns, that challenge the patience and resolve of investors consistently. The key lies in your unwavering belief in crypto currencies, trusting that they have the future and hold potential to transform lives of those who steadily retain their digital assets throughout this challenging journey.

Of course holding is not an easy thing to practice, in theory it is easier to understand. because when holding there are definitely challenges that must be faced, especially mental and specological when looking at prices on the market, especially when the market is going down, of course this is something that is difficult to overcome. I think everyone has something like this except those who are so experienced that they keep buying and don't consider it again until their target is achieved.

Even though holding something is difficult, believe me, this strategy is the most profitable in the future for traders. If you are on a holding strategy then stick with it.

Well, to hodl is not easy, it is just like the op said, easier said than done, I also have missed a lot of opportunities, I can remember many a times I panic sold a coin or token I was holding, due to a minor market dip, and before I know what I was doing, I came back to discover that the price of that coin or token have skyrocketed even far above the price I sold earlier, and I end up waiting for the price to come down, but unfortunately, it just keeps going up and up, and at the end of the day, I end up missing out.

This has been my experience a lot of times, but then, I've learnt, cz made it clear to us on X that if we can't hold, we can't be rich.

So holding is something we all must learn, no matter how difficult it seems it is to practice.

Hodling would not be a smooth sailing if you didn't prepare for it or if you put all your money on it and you don't have any source of income, since what you thought was you can earn everyday once you invested in Bitcoin.
To maximize your profits once you invested in Bitcoin, a long term hodling is a must, that's why you need another source of extra income therefore you would not be force to sell your bitcoin hodlings as much as possible.

I feel it's easier for people who earn a lot of money. For some who don't earn much, trying to HODL Bitcoin is very hard. There's no way to sugar coat, but what I believe is that you'll get better with time. When you first start holding, you'll always look at your wallet to inspect your coin to see by how many percent it has grown, you may end up being disappointed.
There may be times when you might need money and might be tempted to sell. Seeing the price dipping might tempt you sell, especially if you'll make a profit if you sell compared to the price you bought it.
We've got to understand that whatever is worth it won't be easy.
Is hodling easy? NO
Is it worth is? YES.

Bro it is easy for you to say today because you have probably gained experience of the bull and bear market over the years.  I doubt you will be this confidence back in 2018/119 when there were many china fud and many other negative news that usually affect the market to dip and watch people panic sell. The truth is, it is more easy for people to hodl now than before when the market was still very fragile. Now most of us have gain that experience to know that btc price will always recover no matter the fud.
This in my option is why hodling is some what easy despite the journey is not smooth and still requires a lot of patience to pull off.

Aside from a bearish market, the emotions of a hodler are also put to the test during a bullish market. Holding for a 5 year target might get interrupted just because the market moves up by a small percentage, be it 15% or 20%. Some people rush to take profits, fearing that such an opportunity might not come again in the future. ATM, they immediately switch to another strategy, thinking the next move is to buy again at a lower price, even though the bullish trend may continue for a longer time, and the next low price is never found.

Yes, it's genuinely something challenging to do but easy to say. Selling at the wrong moment can sometimes lead to regret, but if there's still a profit, it's not all bad either.

Well it is not a easy thing to do to HODL. And when there is profits we can take it is more hard to not sell our coins to earn easy profits.
But we all must know this is not a 'get rich quick' investment. There is nights I am not sleeping so good and my stomach hurts. I think if I should take the profits or still HODL.

Holding for long-term is only applicable to investors who want to have nothing else to worry about once they buy or have chosen crypto assets or Bitcoin that they will hold for just one year before selling.

But in this instance, the time that long-term investors will have to wait for is only a short time because by next-year it is possible that the bull run will begin, which is the time when many people sell their respective stocks. holdings depending on the price value they want.

Holding is easier to say than to do, especially if we always read news about the crypto world so we can get caught up in FUD, especially if we start holding Bitcoin by buying it today for the target bullish period in a few years, during that waiting period there will be unexpected things happens whether it influences the price to go up or down because when it goes up we become afraid that it is the highest price that will be reached and when it goes down we panic and also experience fear that the price will not improve, focusing on the target and being patient can help us to keep holding Bitcoin.

For hodling any coins or certain coins, I usually prefer to keep them in a wallet that is not related to the exchange, because the exchange is a place for me to use when I just want to trade or want to sell it when I see that the price I want for the coin I am saving has become higher. better or bigger than before. And I also think that Hodling is more effective for the long term, not for the short term which at first glance is similar to trading, especially if you keep it on the stock exchange.

That's why it's better to make sure you're completely safe in advance from things that might come to your attention one day before applying Hodling to a coin that you consider to be truly valuable in the future. Because things related to daily needs for life are things that cannot be avoided, so everyone must be able to have thorough preparation for them before actually carrying out Hodling. Moreover, we ourselves also know that it would be very good if the Hodling that we apply is not at all disturbed by living conditions, because we are also struggling to be better in the future through the application of Hodling.

We all knows that holding is not a smooth journey like you said. And trading is neither the best option. But as the case may be, holding is still the best option. Reason being that trading requires you to monitor each move that occurred in price, sometimes you panic due to price drop probably selling off at a lower price in other not to incure much losses. Sometimes you loose some fractions of your investment capital where as the market will still recover and turn geen, after which you start regretting. But in holding you will entirely remove your mind in price changes. Though the price will dip and rise often but still gain momentum gradually to success. It's better off than monitoring each move and causing yourself HBP

But apart from that, everything that covers urgent needs no matter what we do. We will WD any assets to cover the item, no one can hold it, let alone meet our needs at home, even though we know that this coin will rise high in the future. and should persist for some time. but this suggestion must also be implemented as you suggested, either for me personally or other community members as preparation because if we remember we will be safe.

HOLDing can be the worst if you don't have enough patience. When it comes to holding, you need sheer mental strength. Which most of the holders don't have. Apart from that, a HOLDer should have another source of income. Many who only rely on HOLDing end up panicking when the market spikes. It makes them sell all their HOLDings to minimize the loss. Because all of their money is only pooled for HOLDing, nothing else. They have no other money to invest in a new business. But that's the thing with holding. You will face multiple losses, but you have to wait until the end to have the golden egg.

I agree, holding is not as easy as we think. Many of us think of the hold as Figure 1, but actually the hold is the same as Figure 2. If we do any work, there will be many obstacles ahead, but if we can overcome all the obstacles, we can be successful. Now if you invest in Bitcoin you can't be disappointed if you see the market going down. Only if you can patiently hold for long days can you succeed. Actually investment is for everyone but hold is not for everyone, only those who have a lot of patience can hold. The way I invest I don't get frustrated when the market goes down but instead try to increase my holdings.