Pages:
Author

Topic: #HODLing is not a smooth journey - page 2. (Read 1793 times)

full member
Activity: 742
Merit: 157
January 31, 2024, 10:26:26 PM
I've been through a lot in the world of HODLing - from missed opportunities to anxieties over FUD and market downturns. Emotional resilience and learning from my own mistakes have become crucial lessons for me. Over the years, I've come to understand that HODLing is not just a strategy but a true art.
Yes. i believe buying anything is easy but holding is not so easy. Although many people think that only buy and hold becomes a holder, this is not like that. Being a holder is also a tough job. Those who hold bitcoins often cannot resist the lure of cash fiat currency. And for some reason you can't even hold Bitcoin. As a result, he must face a tough challenge. Bitcoin price had a big difference between 2020 and 2021. Those who managed to keep to 2021 by costing were successful but there were many who did not stick to their goals. Holding is certainly difficult but it is the responsibility of the holder to hold it.
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
January 31, 2024, 08:27:33 PM
HODLing would only be smooth when you:
Invest only what you could afford to lose or excess money from your earnings.
Don't care about the price and only focus on your goal.
Forgot that you have a crypto  Grin .
obviously this, i cant sweat about seeing so many people not realizing they have some crypto in their wallet that they forgotten and has increased in price, meanwhile people who are fixated with their holding are gonna be shaken at the slightest market sudden dump, its just how it is, holding is definitely harder than what people pictured it out to be, when the market dumps we always eager to sell because afraid of losing money, thats human nature, avoiding danger, but then again if we do that it just means that our losses become certain, the unrealized loss become realized and thats one way to get broke fast.
meanwhile those that holding bitcoin allt he way from the very bearish market to the rather bullish right now already making good money.
the rule with holding, invest, forget, then come again when the market is getting green or when the news coming up about bitcoin having its highest bullish ever.
full member
Activity: 1274
Merit: 115
★Bitvest.io★ Play Plinko or Invest!
January 31, 2024, 07:44:31 PM
HODLing would only be smooth when you:
Invest only what you could afford to lose or excess money from your earnings.
Don't care about the price and only focus on your goal.
Forgot that you have a crypto  Grin .

Easy to say but it would really be just that damn hard for you to apply along the process.

Point #1 - Invest what you can afford to lose is always recommended but you cant really be able to neglect it out even if you do say so.
Point #2-  Impossible that you wont really be making those often checks specially with those charts.  Grin
Point #3- Once you do know deep inside that you do have that crypto investment, then its impossible that you would really be able to forget it out.

Those things might really that hearing off to be that easy to be done by someone but once you are on such condition then
just like been said that its never been that easy for you to have that kind of acts to be done along the process.
Yes it is easy to say and some people might also see at as easy to do.
#1 - money management only invest your spare money and have savings so that in case of some emergency your investment wouldn't be the one to be spent.
And if you would only invest your spare money then it wouldn't really bother you so much if you are losing or gaining (of course the gaining would make us so happy even if it is a small investment).
#2 - as I mention for #1 if it is spare money you wouldn't care much about it, unlike if you're risking most of your money then it would really be hard.

#3 - it is just for laugh, but can't deny that some people did it before in Bitcoin.
full member
Activity: 490
Merit: 209
January 31, 2024, 06:23:52 PM
Hurdling is easier when you have a very good source of income, meaning that you're not lacking in your everyday needs, with that you won't be too bothered about the market trends, not worrying anytime that there's a price dip. So far you're in the Bitcoin investment for the long term, you'll keep accumulating and hurdling till bull run, not minding the FOMO along the journey to the top, so what it really takes is to be knowledgeable about bull and bear seasons. Two major circumstances are responsible why hodling is not a smooth journey, the first is fearing when price starts to dip and investors will panic to sale, the second being lack of money, when an investor is broke or needs capital to carry out an important project, then they sale the Bitcoin that they've been hodling.
Holding without any source of income does not look nice and might even make you confuse because you will have too much things to worry about, I can not even make that mistake of not having a source of income and o want to invest in bitcoin. I will first be capable of taking care of my self before I can add anything to it. When I have a tangible amount  I will rather just buy and leave there and when the price is high then I will sell. And my own form of accumulation will be different and as  am accumulating that if my plan eventually works out but if it does not i will buy and keep till when there is a bull run. And nobody wants to lose money everyone wants to make money. The only thing that the investors needs is the Capital and if that is settled then there are nothing much to do around the only thing Is to seat around and what your investment.
sr. member
Activity: 2226
Merit: 347
January 31, 2024, 02:47:40 PM
HODLing would only be smooth when you:
Invest only what you could afford to lose or excess money from your earnings.
Don't care about the price and only focus on your goal.
Forgot that you have a crypto  Grin .

Easy to say but it would really be just that damn hard for you to apply along the process.

Point #1 - Invest what you can afford to lose is always recommended but you cant really be able to neglect it out even if you do say so.
Point #2-  Impossible that you wont really be making those often checks specially with those charts.  Grin
Point #3- Once you do know deep inside that you do have that crypto investment, then its impossible that you would really be able to forget it out.

Those things might really that hearing off to be that easy to be done by someone but once you are on such condition then
just like been said that its never been that easy for you to have that kind of acts to be done along the process.
full member
Activity: 1274
Merit: 115
★Bitvest.io★ Play Plinko or Invest!
January 31, 2024, 01:26:47 PM
HODLing would only be smooth when you:
Invest only what you could afford to lose or excess money from your earnings.
Don't care about the price and only focus on your goal.
Forgot that you have a crypto  Grin .
sr. member
Activity: 588
Merit: 338
January 31, 2024, 09:11:18 AM
Hurdling is easier when you have a very good source of income, meaning that you're not lacking in your everyday needs, with that you won't be too bothered about the market trends, not worrying anytime that there's a price dip. So far you're in the Bitcoin investment for the long term, you'll keep accumulating and hurdling till bull run, not minding the FOMO along the journey to the top, so what it really takes is to be knowledgeable about bull and bear seasons. Two major circumstances are responsible why hodling is not a smooth journey, the first is fearing when price starts to dip and investors will panic to sale, the second being lack of money, when an investor is broke or needs capital to carry out an important project, then they sale the Bitcoin that they've been hodling.
hero member
Activity: 2282
Merit: 560
_""""Duelbits""""_
January 30, 2024, 04:40:04 PM
I've been through a lot in the world of HODLing - from missed opportunities to anxieties over FUD and market downturns. Emotional resilience and learning from my own mistakes have become crucial lessons for me. Over the years, I've come to understand that HODLing is not just a strategy but a true art.
Talking about holding in the end this will only be easy to say but in fact it is very difficult to do because seeing from some cases that occur today we often find people who give up on hodling because of the inability to maintain the flow that occurs which makes the situation and the planning we do not go well.
Hodling in the end is not as easy as imagined and it is a fact that cannot be avoided because after all when talking about investing actually buying and selling is a very easy condition to do but what is difficult is how our consistency in realizing the plans we already have when hodling patiently because of the fact that temptations and distractions always occur.
Experience is of course an important thing but it is still the case that when we cannot learn from mistakes no matter how much experience we have felt it will never change.
full member
Activity: 1092
Merit: 105
Sugars.zone | DatingFi - Earn for Posting
January 30, 2024, 04:07:47 PM
I've been through a lot in the world of HODLing - from missed opportunities to anxieties over FUD and market downturns. Emotional resilience and learning from my own mistakes have become crucial lessons for me. Over the years, I've come to understand that HODLing is not just a strategy but a true art.
member
Activity: 372
Merit: 10
January 29, 2024, 01:51:43 PM
It won't be. Short term holding and long term holding has difference also. When you plan to hold altcoins for short, then you can buy any token which will give you temporary profit and you don't need to think about future of these altcoins. But when you plan to hold altcoins for long term, you need to deep analysis for that. and think about their future performance. so initially we need to buy good altcoins for lomg hold otherwise they could be dump and never come back. But good altcoins may give you low profile but they'll always bounce back . And you need to breave enough for being a holder
member
Activity: 155
Merit: 10
January 28, 2024, 06:40:24 AM
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.
hero member
Activity: 1974
Merit: 534
January 27, 2024, 04:12:30 AM
#HODLing is not a smooth journey, do you agree? Grin
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?

I am a huge fan of Hodling and think it's the way to invest our long term crypto coins. Unforunately I had to learn the hard way that hodling is the better approach, because I sold all my crypto holdings back in 2016/7 only to watch the subsequent bull market from the sidelines. Not going to repeat the same mistake ever again and will all keep holding some Bitcoin. Hodling itself is a pretty easy, we just forget about our long term wallet and are not at risk anymore to do any medium term trades. One of the first stock trading book I ever read was from a genius in the 1990s said that the best approach to stock trading is to buy stocks and just forget about them. With crypto currencies we should be doing the exact same thing. The only problem is to decide first that we want to become a HODL investor. It seems so much cooler to trade our coins a lot and buy low and sell high. But taking the transaction costs into account the high turnover trading stragies aren't always profitable, whereas HODLing will guarantee us a decent profit long term without much input.
member
Activity: 82
Merit: 46
January 26, 2024, 10:38:18 AM

I agree, HODLing can be tough, especially when you're constantly monitoring the price. The volatility can be nerve-wracking, and there's no guarantee of mooning, haha! Grin


If you are holding and checking the price all the time, you are just making it much harder for yourself. Unfortunately, checking prices constantly can become a habit that is not easy to get rid off, but it is worth doing as it makes the whole holding process much easier.
sr. member
Activity: 728
Merit: 252
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
January 26, 2024, 08:55:06 AM

#HODLing is not a smooth journey, do you agree? Grin
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

I agree, HODLing can be tough, especially when you're constantly monitoring the price. The volatility can be nerve-wracking, and there's no guarantee of mooning, haha! Grin

Actually, most of the crypto I HODL is because I honestly forgot I had it, thanks to long distributions from bounties or coins not worth trading at the time. But the occasional sweet surprise of finding a hidden gem makes HODLing totally worth it!
full member
Activity: 868
Merit: 202
January 26, 2024, 08:53:25 AM
...

If you can hold and trade at the same time, then that would be a lot better since you can maximize your future profits without focusing on one only. However, I also come to realize that hodling alone is never easy and will certainly test your patience and faith when hodling for long term. Most especially for bitcoin that is highly volatile, and that anytime its price will fluctuate or experience market crash. But it's undeniable that hodling is less risky and less stress compared to trading.

hodling and trading at the same time is quite difficult to do, usually people who do this are experienced people in the cryptocurrency market who already understand market flows and have good psychology. because hodling alone is quite difficult, where he not only needs to manage how his investment can survive and not panic when the market experiences a decline. and coupled with trading, which not only requires analysis but also a strategy to achieve profits from the crypto market. doing these two things will certainly be a challenge for traders and not all traders can do it.
full member
Activity: 1484
Merit: 136
★Bitvest.io★ Play Plinko or Invest!
January 26, 2024, 07:35:24 AM
Holding, or HODL, is not as easy as it sounds or looks. We all know from years of experience in the cryptocurrency world that holding any kind of crypto is challenging because yes, it's easy to buy assets and let them sit there for a while until the price increases, but without proper knowledge and analysis of the market, you can't maximise the potential profit, and you also can't be sure that the price of your assets will increase at that point, as we know crypto currencies are very volatile. So newbies out there who don't have a proper idea and knowledge about Bitcoin shouldn't just buy it because they got into the hype and heard of the upcoming bull run. Holding assets is also not a quick-rich scheme, as you will not do anything aside from wait for the assets to increase, so before entering into holding assets, you better be prepared.
legendary
Activity: 3094
Merit: 1127
January 26, 2024, 07:23:43 AM
snip

It has been a bumpy journey. I greatly admire those who possess the discipline to hold onto their cryptocurrency even when the price is at its peak. Personally, I find it challenging to resist the urge to convert all my coins to stablecoins as soon as I see a small profit. However, this year, I aim to have the patience to hold onto some promising project coins, such as BTC, ETH, and SOL, and resist the temptation to convert them at a small profit. My goal is to wait until a coin reaches a new all-time high before selling it.
To hold is not easy that is the same way to make money is never easy. We need to be prepared and understand the market before we make any investment decision. Anything we are doing in the market, we need to make proper plans so that we don't finally miss out of everything we are doing. Crypto investment is risky and for us to go in with full confidence, then we must be ready to hold as long as possible. Everything bool down to the nature of the market is the market is volatile enough to give us profits.

To hold is never really easy since you need to deal with those huge mental challenges what market brings especially the market is so volatile and unpredictable then we don't know what will be the outcome of it in coming years. What we just need to have here is long experience on trading in the market since once we see already those high and lows for longest time for sure we can defy those negative incidents happening in the market.

Also once we became good on dealing our emotions towards our investment decision especially upon holding our bitcoins for sure we can see something good coming especially that bitcoin still has a lot of potential. I know some people struggle to hold since they want short term profit but if they could just see the historical record of bitcoin for sure they will be decided to hold their bitcoins rather than immediately trade it.
Mental and emotional challenges on which you would really be needing to sustain or something that you do really need to control up yourself because once you do make yourself that not be able to having that control then you would really be ending up on making bad decisions.Holding might really that easy as it sounds but its not something that you could really be able to do so so easily when you are on the actual condition or situation.
Its not really that a smooth journey on which there would really be tons or lots of factors on which it would really be affecting you when you are just simply holding.
There would really be those people who would be changing up their entire decisions on the time that they would be experiencing problems.

If you are someone who are really that easily get affected with fuds and hypes then you are really that susceptible when it comes to these kind of possible change
of plans or sudden decisions.
sr. member
Activity: 1736
Merit: 357
Peace be with you!
January 26, 2024, 06:47:22 AM
What is your view on #Hodling Guys?
Well yeah as what others have said that hodling isn't that easy and that is true but hodling works only for people who has extra money or has stable job because if someone will hodl all his hard earned money which is just a small amount of money literally then it won't work. Investors who has other source of income will just forget all of it for years and don't even mind it but for people who are not having enough income I think it ends up being sold. In short, people with enough stable income have strong hands but those who have not enough income has weaker hands.


hero member
Activity: 1008
Merit: 520
Undeads.com - P2E Runner Gamem
January 26, 2024, 04:08:42 AM
clearly agree because the price of a commodity including crypto currency is up and down. there is no price of a commodity whose price continues to rise or fall without any price correction. it is very impossible. because there is supply there is demand which causes prices to go up and down.
legendary
Activity: 2758
Merit: 1228
January 26, 2024, 02:37:21 AM
snip

It has been a bumpy journey. I greatly admire those who possess the discipline to hold onto their cryptocurrency even when the price is at its peak. Personally, I find it challenging to resist the urge to convert all my coins to stablecoins as soon as I see a small profit. However, this year, I aim to have the patience to hold onto some promising project coins, such as BTC, ETH, and SOL, and resist the temptation to convert them at a small profit. My goal is to wait until a coin reaches a new all-time high before selling it.
To hold is not easy that is the same way to make money is never easy. We need to be prepared and understand the market before we make any investment decision. Anything we are doing in the market, we need to make proper plans so that we don't finally miss out of everything we are doing. Crypto investment is risky and for us to go in with full confidence, then we must be ready to hold as long as possible. Everything bool down to the nature of the market is the market is volatile enough to give us profits.

To hold is never really easy since you need to deal with those huge mental challenges what market brings especially the market is so volatile and unpredictable then we don't know what will be the outcome of it in coming years. What we just need to have here is long experience on trading in the market since once we see already those high and lows for longest time for sure we can defy those negative incidents happening in the market.

Also once we became good on dealing our emotions towards our investment decision especially upon holding our bitcoins for sure we can see something good coming especially that bitcoin still has a lot of potential. I know some people struggle to hold since they want short term profit but if they could just see the historical record of bitcoin for sure they will be decided to hold their bitcoins rather than immediately trade it.
Pages:
Jump to: