Topic: #HODLing is not a smooth journey - page 11. (Read 1793 times)

You would really be able to realize once you are on the actual field or situation on which it wouldnt really be that so easy on which volatility and unpredictable events would really be the main challenges that we are really that able to face. If you are really just that expecting that it would be easy then you would really be able to bang your head into the wall just because you had just not able to realize on how unpredictable this market is.
You would really be able to face up situations on where you are really that in torn between buying and selling and this is something that you would really experiencing at the time you do put up your foot into this market
on which its never been that simple specially when price suddenly spikes on which it would be causing for you to have mixed emotions.

#HODLING is never been a smooth journey and this is why it would be wise that you should really be setting out sell price or target so that you wont really be that getting left behind
but since we are talking about hold then it would be pertaining for long years without selling, you should really be just that needing yourself to be that emotionally strong.

investment is free money that is not used for daily needs, therefore usually the money invested is the remaining money from real income, which is used for investment rather than idle money, and usually investors already have reserve savings for urgent needs. so that they can hold on to the invested coins for years, even as if they don't care about them, and until the time comes, their money has doubled and they can take it. Both trading and investing have their own characteristics, and each has its own risks

It's not gonna be a smooth journey if you continue to be affected with every price movement, especially during the bear season where people are tempted to sell out of fear that bitcoin might not be able to recover.
Bitcoin holding will most likely challenge your emotional behavior, decision making, and market analysis. Holding may only become somehow smooth sailing when you have a long term perspective, not just by depending on the 4 year cycle or some unprecedented bitcoin pump.
Holding it for long term doesn't bother you much, the only thing that will bother you is when you decide how or when are you going to accumulate more fractions. 

The visual image you provided above actually alludes to how a person's mentality occurs when he holds onto Bitcoin. The price of Bitcoin is of course very volatile, but if you remain patient and wait, the price of Bitcoin will definitely reach a consistently high price, which is why everyone who invests in bitcoin, you must have other income in the real world, don't let it happen because of urgent needs, you sell the bitcoin you have, every investor must have good financial planning.

It hasn't been, and it will never be.

There will be times when you will regret making some decisions. Hodling tests your patience, but it's the safest way for an investor to make a profit though it will take some time. I'm currently a holder, but I did make some wrong decisions in the past, especially during the 2021 bull run. If only I did sold all of my assets at that time, and then choose to buy it the following year, and then hold it until the next bull run comes. I could've made more money than just holding for a longer time.

I guess it all comes down to our "WHY?". Why did we invest, and our goals with our holdings? If we plan to hold for at least 5 years, then expect a rough journey on it, and vice-versa. Like what OP said, holding requires the investor not to get freaked out when something bad happens in the market like when we enter the bear season.

Hold Or trading is actually each person's preference, they can choose one or both depending on how their abilities are.
If you have the ability or knowledge of trading good technical and fundamental analysis, trading may provide faster profits,
but the risk is indeed greater because the level of stress in trading will be greater.

Unlike Hold, who only needs to make purchases at the lowest price, then hold long-term until the top price target is reached.
Hold will not play with emotions, just need to hold back and be patient and use money that is indeed for the long term.

Can Hold make you lose?
Of course, it can depend on how someone does the Holding correctly or not.
If he holds a Crypto Coin that has good potential, he will benefit from the rise that occurs,
but if the coin being held is an obscure coin and even has no volume, it will give a loss.
And the failure of the Holding is also due to lack of patience in holding back long-term.

Holding is really hard to do especially when you constantly check your holdings in the wallet maybe any little changes gets you attracted, as normal if you have a trusted and reliable wallet were you thinks can hold your coin without any compromise you don't need to visit there anymore till your investment date is near. Let say you planned to hold for 2 years or 4 years maybe you can visit there once in awhile to reduce your attention from selling out your holdings, I know it's too hard to hold.

Someone who wants to hold for long like me don't have to think of how smooth or not it is. Because the problem goes on our way and it comes at any time that we're not thinking of. The journey of everyone won't be definitely smooth because we're all investors and we're aware of how the volatility of Bitcoin in nature and it sucks when we invest and we're not even aware of it which applies to the newbies. But by the time that you're seeing the result of your holding is growing, you will forget all of those lonely and FUD days on this market because you're only looking forward for that day of making a profit.

Yeah Hodling is not easy as it sounds and who can know it better than me wherein I have made mistake of cashing out too often, I have sold BNB when it was $8 and so many other coins which i was hodling. We need to plan long term and short term plan for hodling. I have a suggestion here which helped me as most of us uses same wallet for investment in Binance. I have created accounts at other exchange to ensure that I don't end up selling those coins.

It's not easy actually to HODL but you have to know how because after all this is the best way compared to trading, maybe some agree that HODL is better because there are no bigger obstacles than trading, you just have to be patient, not too consumed by FUD, don't look at the market too often then maybe you can reach your HODL goal.

Until now for me HODL is an efficient way to make money from investment by HODL way even if they rely on trading then it will be much more complicated, unless you are a professional but still the loss in trading is much greater than HODL when you don't sell you won't lose.

#Stay HODL.

Well, holding and trading are two different methods and depend on the well of each person. Some people do trading because they want an active, quick profit while in trading, the one who likes it does not want a quick, and small profit. In both methods, investment is required but they are different from each other based on time. Holding is a long-term investment and trading is a short-term term but if talk about the risk then in trading the risk is higher as compared to holding because In Trading the market can fluctuate at every second and as it is a short-term investment then the fear of losing funds is high. People who say that holding is smooth have their views about it but I think holding is smooth if you compare it to the trading but if you consider it separately then it also involves high risks.

If you invest in the right coin and hold it, there is a chance of making a profit. If you make a wrong decision and wait for years to invest in the wrong coin, there will never be a chance of making a profit.  There are more. Profit loss depends on the market condition. If the market condition is bad, you can never be disappointed.

Quite true what you said.
If can't trade, you hold. The thing about holding I believe is a mindset thing. Simple. You make up your mind to hold but it is not easy. I have had pockets of emergency in the past that I have to take out some of the bitcoins I have been hold to fix things up.

For some individuals it is not even about emotions or FOMO, It is just something that was just unavoidable that forces them to sell and restart all over again.

I'm good with this; if you're a long-term holder, you won't be harmed by whatever occurs in the market, as long as you have a deadline for when or how many years you'll hold it, say 5-10 years, and then you just sell it when that time comes.

However, if you are a short-term holding, you are a short-term trader, which implies you will face multiple failures and losses. In short, making a large profit will not be easy because it demands a thorough understanding of crypto trading.

HODLing is not a smooth ride? I guess that's how every journey will definitely find obstacles but with HODL it will be much smoother than trading full of risks you will not reach a certain point if it is not your field of expertise while in HODL you just need to practice a little patience from any news that is important, one more thing never rely on investment for a need you still have to have other sources so that your HODL btc is not covered for a long time that you plan.

I have tried HODL now, I want to know how the journey is, because I have prepared everything including from the emergency fund for urgent needs in the middle of the road so I will not hold BTC that is being HODL.

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By the way, wouldn't this thread be more appropriate on the speculation board rather than the economics thread?

Exactly! That's how I see the presentation mentioned above. When it comes to Hodling, It's not like "I'll leave my money there and wait for it's value to increase" because you have to check what's going on in the market and you need to visualized and you need to think carefully about when you intend to sell it, and about hodling, it shown a long term growth potential, Hodlers can keep more money invested and increase the chance to grow their capital much faster if the value of the cryptocurrency keeps rising

Being patient in life is not an easy thing, even though the storm comes you stood your ground and continue to stand fame, I have come to understand that, for anyone to be successful in this life you have to go through one storm or the other, this storm comes in different ways, we know that hodling is one of the major step a bitcoiner has to take in other to taste his patience, hodling does not make you a successful bitcoiner, we hold because of the uncertainty of the market force, you might wake to see changes like increase in price which is profit to a hlodler, most time if doesn't work according to plans it doesn't mean that you should stop hodling,  but the truth is that, the journey is not easy but what can we do.

It would vary either way. For the straight line, it's more of a "You won't care what happens, you would just continue to HODL"
The second one, it's how you feel when you are monitoring the market continuously and you want to take advantage of all the possibilities that you have towards your HODLings.

This is my view and it comes with maturity. It's best that you just continue to HODL and you can make it long-term.

You guys are panicking about this because you don't have the spirit of investment in you, treat it the way you buy shares/stocks and you will thank me later.

I see no reason why you claim you are HODLing and you are still in panic, that means you do not believe in the asset you are holding, you then better not buy it. If it were to be another asset, I might say you might have your reasons for the doubt, but this is cryptocurrency, especially Bitcoin, no one should just panic about this and I always view it as free money. Do you know why? It's because my journey of investment is historical and seeing the way cryptocurrency makes everything easy where I get to make money virtually every day is different from when I started investments where another asset would make it almost impossible for you to make money if care is not taken.

But Bitcoin, to be specific, is not so. All that matters is for the investor to buy it at low prices which I believe many of you would have done, so why still doubting on an asset with so many prospects? Perhaps you are buying it with the amount you can't afford to lose, which is against the right rule of investment.

Even if you were not able to buy it at a low price, you are advised to continue to DCA so that you do not miss out but rather invest wisely. Bitcoin for instance has found itself in the mainstream of the financial market, nothing to worry about and I advise anyone holding such an asset to stop looking at their wallet to avoid emotions. If it's a short-term investment, then it's a different thing, but where HODLing is being mentioned you need to prepare your mind for far future outcomes in the longest term possible, that's the spirit.

The struggle to become a hodler is full of challenges, not just holding back. Sometimes we also need to filter out external things, such as negative issues out there that make us a little uneasy, markets that experience drastic declines over a long period of time, urgent needs that usually require us to release Bitcoin earlier than expected. targeted. Everyone completes every journey and I agree that it is not easy to be a consistent BItcoin holder.