Topic: #HODLing is not a smooth journey - page 12. (Read 1793 times)

A newbie can't start trading unless he has a good understanding of trading. But a new investor can hold only by acquiring basic knowledge. Moreover, trading is not an easy task even for those who are knowledgeable, trading is difficult. Profiting from trading is very difficult. But those who are holders should pay attention to the matter first, are you holding? If we hold long term with any alt coin other than there is no hope. Of course we have to rely on Bitcoin for holdings. There are many holders who cannot hold as required. It appears that midway they let go of their hold and they fail.

OP is absolutely right and this is in line with what you said when you first entered the market, you don't understand the market and you are easily frightened by every FUD and when there is a BTC price correction

There is always an interesting story behind Hodl's principle advice and image number 2 really represents the situation and almost everyone feels it. only those who are chosen to survive are able to do so and as stated by @hyudien it is very relevant and appropriate to current conditions.

1000% agree, as someone who continues to advise myself every day to always adhere to the Hodl principle, it is quite tiring but this is the journey that must be taken. Moreover, I only rely on my minimum income. Surely everyone knows how the Hodl process often clashes with needs. For those who are quite stable, Hodl may not have too much difficulty as long as they still have income from different baskets.

Because the Halving holiday is coming, it's appropriate for us to be a little different because the hodlers are able to survive just for that moment. It won't be long now, just be patient for a moment

If your HODLing Bitcoin is part of an overall wealth building plan where you have a good emergency fund, investments in other assets, several sources of income, and a level of consumption lower than your income that allows you to continue saving and investing, the experience is much more similar to the first image than the second. Although to more accurately reflect what I describe, it should include a few minor bumps.

We came into the crypto space with so much expectations. Some of us were not given the right information so we thought investing in crypto would make us rich overnight. After sometime it became clear that the sector is not a get-rich-quick scheme and like other solid forms of investment it has risks and requires patience and bravery. The journey of hodling in getting to the level of making a profit is not easy because the media is filled with news that spreads FUD. And lack of understanding of the market will make you miss uncommon opportunities to make a profit because may sell your hodling below target due to FUD.

But as one begins to understand the market, hodling becomes more easier because you have understood the basics of investment. We have to invest what we can live without and having a good emergency fund is an important advice every investor should know. Investing what you can afford to live without will make you to be patient while having emergency funds will be of help when you are faced with unpredictable problems without tampering with your investment.

Holding is a mixed ride we all agree as there is no hassle here. Future success without trouble is only due to the power of patience, the more patience he holds, the more bitcoins he can hold. When you start trading in the market, you will have to face various types of losses along with market volatility where you may lose patience.  Because the market is not always in the same position, there are ups and downs, trading accordingly will definitely incur losses and there is a possibility of various collapses. Therefore holding is the main goal to naturally succeed and move forward in the future without facing volatility. I personally prefer to hold most of the time as it is always good and never emotional but helps to be patient. When trading, many times one has to face losses due to market volatility and then many emotions come in the mind, so many times one has to crash. Good teachers will never give advice on trading but straight forward holdings that are best for the future.

Patience is very important for bitcoin holdings. Because it's a long-term plan, while you're holding or investing your bitcoins, there's a chance of drastic changes in your capital. But if you are patient and hold bitcoins regularly without cheating too much, there is a possibility of getting high margins. Staying patient even after your fixed investment period has passed can be an effective move that will give you an opportunity to make a profit. It is best not to confuse the inherent profitability of a Bitcoin hold with a lot of thought and preparation. It is only an approach, not a planned action. It's just an ongoing industry. You may elect at any time to suspend a scheduled subscription or holding. Second, it provides the freedom to change, if needed.

If i may tell you that HODLing in the current market phases is quite easy as compared to the bull market phase, will you agree? Let me tell you how.

When a person buy bitcoin and crypto, when the intention of holding it through the bear market, he can do so easily buy moving the money in the cold wallet / Hardware wallet and waiting for the price to reach the all time high again. In all these years, if the price goes even more low, he can satisfy himself that well, the prices will recover and i am here for the long term and for the HODL.

The real test begins when the bull market starts and then when the prices make new all time highs. At that time you are in profit and you are willing to sell some of your holdings but at the same time, you also fear that you may not end up selling too early and the bull market target may be much further away. I think then comes the real test of HODLing and searching for the perfect entry to sell.

Boredom, panic about FUD, frustration is often felt, especially by me personally, when holding (even small investment amounts). What about other investors or holders with larger funds, I think the pressure and journey in holding is even more extreme? , this may be for the first experience, the second or third time it might feel easier because we already know about the ins and outs of long-term investment, especially regarding holding Bitcoin.

in this market, even if you say you have been on this market for so many years, you won't be exempted with possible panic mode. because of the uncertainty of this market, it is hard to say when will you get the profits you want or if you will incur loss once you decide to sell.

It really is like the upper picture if you don't care about the short-term movements and patiently wait for your price goal or the peak of the bull market or even just decided to never sell and wait for the times when you can buy anything with Bitcoin.

HODLing can be stressful if you're a beginner investor who checks the price every 15 minutes and read all the crypto news, but you're supposed to eventually grow up as an investor and stop worrying about that.

I mean just don't look at the market. I do agree it's a different experience in the early days though. I doubt a lot of people even expected the market to go above $100, let alone more than $50k really. It's more comfortable now to hodl than in the past that's for sure since the market has already shown what it's capable of and my point of entry is pretty low compared to ath so I was pretty easy going when entering since I can, at the very least (imo back then) achieve at the minimum the amount I invested.

The picture you showed was me when I was trading though. A single percent drop was enough to make my heart go "oh shit, gotta dip before it goes lower" and it going up I was like time to buy.

Yes, it isn't. Only those who think that holding is easy are probably those who have not actually ventured into it. There are some people who intended to hold their Bitcoin till the next bull run, but I can say that most of them are not holding again, either because of the volatile nature of the market or because they sold out of panic, while some people, too, might have actually sold off because they probably invested more than they could afford to hold for a long time. Just as Hatchy has also said, holding might be so uneasy, but trading Bitcoin too is very much not easy.

I believe this is a better method than HODL trading, but when HODLing, you need to make some sales where necessary, otherwise you may look back and regret that you missed the opportunity and make more mistakes. And you have to spend years to reach the same point again. That's why I think it's important to make partial sales while HODLing. But in general HODL makes more sense. By the way, the best thing to do is not to pay too much attention to FUDs and the media. If you start listening to your surroundings too much, you become open to making mistakes.

Yes, bitcoin hodling is never easy most especially if you are still new in the market industry. You would definitely think that keeping bitcoin in your wallet is good enough, but that's not how bitcoin works. You will encounter a lot of hurdles once you decide to hold and with every market crash and price decline, you will tend to break your patience easily and lose out of control and end up panic selling. The reason why a lot of bitcoin hodlers still end up losing and regretting.

However, if you do prior research before bitcoin investing and study the market and bitcoin price first before entering the market, then you can easily manage the pressures in bitcoin hodling. It could be hard if you hold bitcoin without knowledge, but if you are aware on the high volatility and market downturn, I guess you would still end up successful in your bitcoin investment.

The best way to hodl for long is to be patient and the only way to attain this peace is when you invest an amount that you are not looking to use in a short period of time or better still an amount that you can afford to lose. This way you will definitely have the ability to overlook your bitcoin even if there is a long period of bear market. But once you invest into bitcoin following the trend like this ETF saga and the market swings sides you will definitely be looking for a way to pull out. Just like how one needs patience in running business before he starts gaining profits same thing goes to holding of bitcoin. It’s not easy but with an amount that you can afford to lose it will help smoothen the process

I can attest to this and pretty sure that most of us did experience on tending to hold for long term but on the time that the market do make out some serious correction or dips then we do panic and freak out and the worst we did make some cutlosses on which it is really indeed the most common thing that do really happen on this space. If you arent that emotionally stabled then for sure you would really be committing tons of mistakes
since we are really just that humans on which we are really that emotional. No one really likes on losing money and this is why experience would really be the key for you to be able to make yourself that much stronger
and having that discipline towards your hold or portfolio. You would be finding out yourself to be that impulsive if you do lack knowledge and experience but on the time that you are having sufficient experience
then you do already have the idea on what you would gonna do.

Hodling is never been a smooth journey yet it would really be involving lots of ups and downs towards the market on which you would really be having a hard time on making decisions
whether you should hold or not. It would really be a test of faith and patience which it would really be that bringing up that kind of probability whether you would
succeed on holding or fail to do so.

When you're starting out, everything is not smooth but believe us when someone experienced how HODLING really is. They'll say that it's one of the best, effortless and profitable strategy that one can do. He can even acclaim that he's a real investor with that strategy.
I do understand why it's not smooth even if many experienced says that it is. And that is because when you're holding, there's a lot of temptation and it depends on you on how you're going to overcome the FUD that will push you to panic sell and lose your grip on it. But if you listen to the real ones who held for a very long time, you won't get affected by such anymore.

I don't know you personal experienced on this matter but I don't think any other person will choose trading to investment. When we talked about risky in the cryptocurrency ecosystem industry trading is the number one risky element in the industry. Hodling bitcoin is one of the smoothest investment in the world with even another businesses. The experience you talking about is different from the hodling and probably you are saying trading and gambling then we will know that their ways are not smoothly.

If you have not involved in investment then I advise you to do that right way because bitcoin is still ok to invest.

It is very hard to hold Bitcoin mostly when you always look at the price of Bitcoin, it is a bit easy to invest but it is hard to hold it, but it can only take a very discipline person to invest and hold to a particular time he or she planned for.
As Bitcoin investment is not an investment where one will plan to get reach in a short time, it is also good to put in mind not to sell immediately the price of Bitcoin just increase a little bit, I don't think that the impatient people can invest in Bitcoin because they will be at a big rush to see their holdings.