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.
Topic: #HODLing is not a smooth journey - page 13. (Read 1688 times)
Trading bitcoin is riskier than hodling bitcoin. The challenge with hodling is that most people who want to do short time hodling before selling later find themselves being stocked after the price drop away from their entry and this is the challenge that most hodlers face because they over hodl even when the ATH has been reached and retracement starts to occur but they feel the bull momentum will continue. That is what happened during the last season of bull that got some hodlers trapped. So while hodling, know your right exit point and play safe.
Yes it is hard, I totally agree to this with you. But with experience, it becomes easy. Some people hate the idea of holding so they never join, some people start to do it but can't keep up with it and leave, and finally those who don't give up and keep on doing it, becomes successful. You can never gain experience if you never try it.
But as you move forward, it starts to become easier. It is a bumpy road at the beginning but it eventually becomes smooth as time passes by. This also depends on your ability to build up a mindset which will help you make it smooth. In hodling, emotion place a big role and we need to have proper control over it. Also, watching the market occasionally is also a good idea. Because you need to know when is the perfect time to sell so that you can make profit.
If we can master this two thing, then it will become a smooth journey. Hardship will come that's for sure but we will be prepared to face it.
But as you move forward, it starts to become easier. It is a bumpy road at the beginning but it eventually becomes smooth as time passes by. This also depends on your ability to build up a mindset which will help you make it smooth. In hodling, emotion place a big role and we need to have proper control over it. Also, watching the market occasionally is also a good idea. Because you need to know when is the perfect time to sell so that you can make profit.
If we can master this two thing, then it will become a smooth journey. Hardship will come that's for sure but we will be prepared to face it.
I still believe that HOLDING is much better than trading. As you can see in the provided image, holding for the long term involves less stress and risk compared to trading, where you could potentially lose your investment. Successful holders outnumber successful traders. However, it doesn't mean holding is without challenges. During the holding period, an impatient investor might sell, fearing the price might drop further or gotten to it's ATH. It requires emotional strength and avoiding FOMO (fear of missing out) to hold for a long time. Every investment plan has its downsides, but it's essential to choose one with a lower chance of loss and a higher chance of making profits.
People think that they can get ahead of the competition by buying altcoins or trading, while in reality it's only a rat race to the bottom. In most cases markets will be manipulated just enough to shake off most sats of people in risky positions. Rinse and repeat, it's just like gambling. Trying to win back your losses will lead you to owning nothing.
Don't trust the charts, don't trust anyone's analysis. They all get burned in the end. It's just BTC that survives in the long run and those that hold doing nothing more earn the most.
Yep..I really don't trust altcoins anymore besides few ones and I most likely I will never be a hodler of altcoins because 90% of the times , you will lose 90% of your money just by holding. It has become worse than gambling to be honest as there you still have some luck on your side to actually win something but holding random altcoins ? for me never again. I will stick to Bitcoin and only a few trusty altcoins ( if I can call them that ) but overall , holding Bitcoin is much better than trading.
I still believe that HOLDING is much better than trading. As you can see in the provided image, holding for the long term involves less stress and risk compared to trading, where you could potentially lose your investment. Successful holders outnumber successful traders. However, it doesn't mean holding is without challenges. During the holding period, an impatient investor might sell, fearing the price might drop further or gotten to it's ATH. It requires emotional strength and avoiding FOMO (fear of missing out) to hold for a long time. Every investment plan has its downsides, but it's essential to choose one with a lower chance of loss and a higher chance of making profits.
People think that they can get ahead of the competition by buying altcoins or trading, while in reality it's only a rat race to the bottom. In most cases markets will be manipulated just enough to shake off most sats of people in risky positions. Rinse and repeat, it's just like gambling. Trying to win back your losses will lead you to owning nothing.
Don't trust the charts, don't trust anyone's analysis. They all get burned in the end. It's just BTC that survives in the long run and those that hold doing nothing more earn the most.
It can be if you stop looking at your portfolio frequently. Some of us have this bad habit of checking our wallets a few times a day. We are emotional being so when we see that our portfolio is few thousand dollars down or up we take action immediately out of fear or greed. If i am planning to hold a project for a few years then i don't care what happens to the market or the project. I will keep doing the work i am doing and let the portfolio grow. If the price is falling towards zero then let it be because i have confidence in the project and even if the price goes down like crazy for sometimes it will revert back if my analysis of the project was right.
Let me tell you my journey of like 3 years ago when I started gathering bitcoin and holding, I started working only online and without any other job because I’m a student and the only time I have is staying on my computer or phone.
In every chance I take a small some of bitcoin and send it to my private wallet. I do my best to not take out of that bitcoin until a very hard financially situation, with studying fees and expenses sometimes. I won’t say that I didn’t fail many times and had to take out some amounts but in general I’m happy with the result.
The journey is very hard, I would say it depends on the person, his job, situation, region and money management mentality. Whoever, I didn’t care about the market situation as long as I believe in bitcoin not it’s price
In every chance I take a small some of bitcoin and send it to my private wallet. I do my best to not take out of that bitcoin until a very hard financially situation, with studying fees and expenses sometimes. I won’t say that I didn’t fail many times and had to take out some amounts but in general I’m happy with the result.
The journey is very hard, I would say it depends on the person, his job, situation, region and money management mentality. Whoever, I didn’t care about the market situation as long as I believe in bitcoin not it’s price
its not an easy journey when you expect to make profit at a short period of hold BTC. we all have that the same experience upon holding and then thinking it will take years for to cycle another bull market while the price keeps dipping ever week.
not easy that some sells their BTC after hearing some fud. bad news comes out and you know the price will go down. yet you on the other hand just hold while the halving is still more than a year away.
not easy that some sells their BTC after hearing some fud. bad news comes out and you know the price will go down. yet you on the other hand just hold while the halving is still more than a year away.
I still believe that HOLDING is much better than trading. As you can see in the provided image, holding for the long term involves less stress and risk compared to trading, where you could potentially lose your investment. Successful holders outnumber successful traders. However, it doesn't mean holding is without challenges. During the holding period, an impatient investor might sell, fearing the price might drop further or gotten to it's ATH. It requires emotional strength and avoiding FOMO (fear of missing out) to hold for a long time. Every investment plan has its downsides, but it's essential to choose one with a lower chance of loss and a higher chance of making profits.
#HODLing is not a smooth journey, do you agree?
Totally agree, it is mostly easier said than done for most investors. I personally can recall the different juicy opportunities I have missed to really make it big in this space as a result of a lack of patience to HODL. Especially those early days in crypto when you barely understand the market and easily get freaked out with every FUD and market dip.
Experience is the best teacher they say and I believe the majority of us are more experienced and mature over the years of being in crypto.
What is your view on #Hodling Guys?
source
Jump to: