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Topic: #HODLing is not a smooth journey - page 6. (Read 1793 times)

hero member
Activity: 1344
Merit: 540
November 29, 2023, 04:10:53 PM
When you're holding, there will be alot of situations around that may warrant releasing for sale because you have just been left with no other option than to sell, this is also another reaso why it is always discouraged that we use money to invest when we cannot afford the process involved in holding the money tied down on the Investment until it's the right time to release them, i will say this that it's not about holding jist like that, we need to understand the reason for that and what comes in demand for it as well.

And it's also a big test for us to really hold, just imagine, week after week just grinding it out and then most of the times we will be tempted to sell specially if we look at our portfolio and it's gaining some profits.

Nevertheless, we shouldn't as this is a long game, we need to be very patience and stay focus of accumulating and looking for the future. Our long term goal is to save as much as we can and we will only sell it during the bull run or at least when we approaches the all time high. So yeah, it's not a smooth journey as others might have seen it. I have been in this situation, holding for at least a year and I will say it's really very difficult but I was able to withstand and now I'm no longer affected by the price movement, whether it's going down or there is a huge jump.
hero member
Activity: 952
Merit: 555
November 29, 2023, 03:56:48 PM
When you're holding, there will be alot of situations around that may warrant releasing for sale because you have just been left with no other option than to sell, this is also another reaso why it is always discouraged that we use money to invest when we cannot afford the process involved in holding the money tied down on the Investment until it's the right time to release them, i will say this that it's not about holding jist like that, we need to understand the reason for that and what comes in demand for it as well.
sr. member
Activity: 1622
Merit: 270
Undeads.com - P2E Runner Game
November 29, 2023, 02:34:27 PM
I still think that #HODLing is much better than trading. This has happened several times where we have seen the price of BTC go up, then go down and then go up several times. When that happens I often regret that I would have preferred to trade rather than hold my assets. HODLers just need extraordinary patience to reap the benefits. And it's not easy for everyone to do even though it's actually a pretty simple thing.

Holding requires calm heart and calm mind as well. Those who have holdings in different coins then they know how to manage the things if market goes green and how we should behave when the market goes green. It mostly create problem for those who didn't keep their backup money for their investment then Holding would be a big problem for them. For those who have money in their hand, any time they can offer it to their trades, they can easily hold.

Patience in every trade should be need, not for a single trader but for all the trader. Sometimes trading plays with those who are much experience and with those who have good trading skills also.
hero member
Activity: 2926
Merit: 722
DGbet.fun - Crypto Sportsbook
November 29, 2023, 02:10:11 PM
I believe hodling can be split into two categories: those who know how to evaluate and know the market, and those who do not. Many crypto investors rush in and invest without adequate understanding because someone told them to invest in crypto to make a lot of money. As a result, what Op stated is likely true for investors that lack expertise. Those that have wisdom, on the other hand, know when to sell and when to buy again.
And those that who don't know how to evaluate the market looks smarter than those that are experimental with trading and didn't find any success on it.
There are times that the lesser efforts that we do is actually productive than of those that have been trying hard but they don't know what they're  up to in reality.
That's why if those holders just hold because somebody said so and they have obeyed, I guess they're smarter than of those that keeps on trading without knowing how to execute it properly.
It's because that those who did lesser efforts are the ones who didn't rush for the money. They only invest what they can afford to lose and didn't make trading as their primary source of income. Those who are trying hard in trading, study a lot without enough sleep, are the one who experienced big loses in trading. Lack of sleep and losing trades can affect your emotions that's why most of them spend more time in trading. Sometimes, instead of learning to be profitable, their mind is equipped with different strategy that will lead them to lose more money.

Mastering one strategy is better than having multiple strategies.
So you do say that it would be better that you should be sitting idle and wont really be making any actions towards your trading? It doesnt seems right yet there would be people who could really put up some risks

and really that willing to learnt up trading knowing that this is a career that something that could give out some chance for them to earn money on which it is really just that normal that you would be experiencing
unfortunate events. If you are someone who doesnt really like to experience those unfortunate conditions or simply losing money then this venture isnt for you and you would really be just rather holding
than on making yourself do make some active trading on which it is really just that a common approach.

Holding is someones really choice because usually people do have particular reasons on why they are holding, whether they cant just bare up with the risks involved
or they dont really have the time for them to make out such venture and focuses out something.
sr. member
Activity: 1344
Merit: 335
#SWGT PRE-SALE IS LIVE
November 29, 2023, 09:27:26 AM
I still think that #HODLing is much better than trading. This has happened several times where we have seen the price of BTC go up, then go down and then go up several times. When that happens I often regret that I would have preferred to trade rather than hold my assets. HODLers just need extraordinary patience to reap the benefits. And it's not easy for everyone to do even though it's actually a pretty simple thing.
sr. member
Activity: 1316
Merit: 356
November 29, 2023, 09:19:59 AM
I believe hodling can be split into two categories: those who know how to evaluate and know the market, and those who do not. Many crypto investors rush in and invest without adequate understanding because someone told them to invest in crypto to make a lot of money. As a result, what Op stated is likely true for investors that lack expertise. Those that have wisdom, on the other hand, know when to sell and when to buy again.
And those that who don't know how to evaluate the market looks smarter than those that are experimental with trading and didn't find any success on it.
There are times that the lesser efforts that we do is actually productive than of those that have been trying hard but they don't know what they're  up to in reality.
That's why if those holders just hold because somebody said so and they have obeyed, I guess they're smarter than of those that keeps on trading without knowing how to execute it properly.
It's because that those who did lesser efforts are the ones who didn't rush for the money. They only invest what they can afford to lose and didn't make trading as their primary source of income. Those who are trying hard in trading, study a lot without enough sleep, are the one who experienced big loses in trading. Lack of sleep and losing trades can affect your emotions that's why most of them spend more time in trading. Sometimes, instead of learning to be profitable, their mind is equipped with different strategy that will lead them to lose more money.

Mastering one strategy is better than having multiple strategies.
full member
Activity: 1428
Merit: 120
Buzz App - Spin wheel, farm rewards
November 29, 2023, 08:08:00 AM
I think Holdling is a simple concept but not everyone understands it and acts correctly. More generally, it's like a strategy, a plan that requires patience, discipline, and certainty that won't waver, it's like showing loyalty. I understand that in today's investment genre, being flexible, proactive and constantly changing plans to maintain profits is a must. But combining them at the right time to create benefits is the most important ingredient in implementing plans on target.
Holding does not go smoothly because you have to overcome many temptations, greed, etc. Holding at the right time and with the right choice, keeping the right goal is not easy.
hero member
Activity: 2576
Merit: 579
November 28, 2023, 07:48:02 AM
BTC's critical period may have passed after taking a hit some time ago and now it may just be a matter of waiting for the price to reverse upwards but all possibilities can still happen in this money market.
That's not quite an absolute blow to Bitcoin because corrections of small amounts are quite common in Bitcoin because in the past such things also happened frequently in Bitcoin. As long as market conditions remain good and holders and investors are not hit by news that causes them to panic, I think everyone will still see an increase in the price of Bitcoin this year. Although holding Bitcoin is not an easy matter for some people in conditions like today.

Quote
For those who have bought BTC some time ago, even though the OP said HODLing is not a smooth journey, it really provides an opportunity if it hasn't come out until they are ready to sell it at a price they consider appropriate.
The point of HODLing is not a smooth journey, namely that you must have patience and calm when holding Bitcoin even though it is being battered by various news and conditions like today. Because Bitcoin holders must always feel safe and comfortable in storing Bitcoin and in overcoming any problems that come into their lives so that they will not disturb the Bitcoin they have stored to see and get a more appropriate price when they want to sell it. Because the current price is also very reasonable for those who once bought Bitcoin at $25K.
sr. member
Activity: 1470
Merit: 428
November 28, 2023, 07:21:45 AM
HODLing requires one to be very disciplined or at least have a bit of discipline to some degree, that there is consistency in maintaining a DCA plan. Even if one payment period is missed for unforseen circumstances, the next shouldn't, or the rhythm shouldn't in this order, so as one becomes too laxy to continue.

It really isn't easy trying to HoDL while one has responsibility to a family, sick or ailling parents to look out for, bills to pay to ensure the smooth running of the home. Still, I believe there would be the regular salary or savings account with the banks and would even have some funds tucked away for insurance and all this is expected to be maintained too while investment in HODLing is in effect.

I would even get to believe that singles should have more achievable success with a HODLing investment plan for a duration up to even a decade, if they are disciplined enough and believe in crypto currency/BTC,  having done enough research and can adhere to security tips of keeping their seed phrases safe.
sr. member
Activity: 700
Merit: 380
🎗️🍁🎭
November 28, 2023, 07:09:23 AM
Holding has been a smooth ride no doubt and I fully agree with that. You will surely get full success of this decision when you take investment hold plan. To hold is to be patient and we know that the fruit of patience is always sweet, so if it is held for the future, we know that good results will come from it. That's why cryptocurrency bitcoin investment holding is the smoothest method, so this hold is a way to change a person's life. When you take the advice of trading instead of investing, you can lose money in it and there is a possibility that your funds will go to zero. And trading is not a good move for everyone because of the volatility of the market and you may lose a lot of losses and lose your patience. As a good move by an individual I think investing and holding for long term is a great initiative and will be successful in future.
sr. member
Activity: 2842
Merit: 326
Vave.com - Crypto Casino
November 28, 2023, 06:05:07 AM
The journey towards becoming profitable as a crypto hodlers is a tortuous journey it's not straight forward journey at all, there are instances when a hodler might be tempted to dump or sell their assets especially during a temporary massive dump of the price, so many hodlers had feel on bearish trap by hurriedly dumping their coin while experience hodlers kept faith with keeping their assets in the midst of price dump because they believe that price history repeat itself thus kept hope alive that price reversal to bullish sentiment is imminent thus in the long run profit would be guaranteed.
hero member
Activity: 2478
Merit: 695
SecureShift.io | Crypto-Exchange
November 28, 2023, 05:44:45 AM
Currently, I still don't have extensive and long experience regarding HODLing bitcoin. You could say I'm still new to HODLing bitcoin. However, from my recent experience, I can also conclude and feel that HODLing bitcoin is not an easy thing. Because what I feel when there is a decline or even an increase in the price of bitcoin, I always really want to sell the bitcoin that I have. However, I always remember the initial basis for deciding to invest in bitcoin. With this, I can better fight desires and fears when the market is not good.

The difference between an experienced bitconer and a newbie is knowing when to sell and when is the right time to buy back. Ok, I can say this is another way of hodling btc and at the same time increasing your bags.
There are people who don't mind hodling from one circle to another, others hodl seasonal, they can sell at the bull and re-buy back but with more btc than they previously owned. so it all depends on individual preference and your plan toward multiplying your btc.
Overall, I would say hodling btc through bull and bear is very tough especially for investors with limited funds.  
newbie
Activity: 51
Merit: 0
November 27, 2023, 10:39:46 PM
Currently, I still don't have extensive and long experience regarding HODLing bitcoin. You could say I'm still new to HODLing bitcoin. However, from my recent experience, I can also conclude and feel that HODLing bitcoin is not an easy thing. Because what I feel when there is a decline or even an increase in the price of bitcoin, I always really want to sell the bitcoin that I have. However, I always remember the initial basis for deciding to invest in bitcoin. With this, I can better fight desires and fears when the market is not good.
hero member
Activity: 826
Merit: 641
Leading Crypto Sports Betting & Casino Platform
November 27, 2023, 09:53:23 PM
In my opinion, holding is best strategy to invest in Bitcoin because this journey could be non smooth but you should invest in long team and if someone is investing for a couple of years ,he would get a good chance to enhance his wealth. Trading is very very risky than holding and if someone is Bitcoin investor and he is Bitcoin trader ,he will face many risks daily. But if someone is Bitcoin holder ,he will see the market  situation and then he will act against the market. The main purpose for investment in Bitcoin is to be rich person in society and holding will make a Rich person to anybody.

Yes. For BTC supporters, Buy and Hold takes a long-term view. So, this first step is a very big step towards what I see as a growing market and At least that is why someone would stick with 1 BTC until now for easy explanation purposes of course. Bitcoin, technical analysis will most likely be the basis of the approach and always be the basis of your trading approach.
Anyone who is HODLing and still looking for technical analysis for a guide is not serious. HODLing shouldn't be pursued like that, it's not what you do like an investment, you do it as if you purchase a property that you would never let go and you will do this for very long years. At that time, there would have been so many conditions happening to the market of the asset whether good or bad, it would have faced enough Bull and Bear moments but the HODLer would still not care until he is so satisfied with the price of the asset or would liquidating it in a part/fraction over the time.

This is not a short-term plan at all, so looking at the technical chart will either be a waste of time or a means by which you want to cause emotion for yourself. HODLers don't even check their wallets too but could ensure that they are safe and that they've not lost access to them. Aside from that, the news and fundamental reading about the asset are enough to go by. This is how Bitcoin HODLers should also behave not that they will put themselves under unnecessary pressure of checking their assets with all analyses as if they are merely trading or involved in a short-term investment.
hero member
Activity: 3178
Merit: 661
Live with peace and enjoy life!
November 27, 2023, 01:23:44 PM
People who only think hodling is a smooth journey are only those who do not really understand how to hold in such a volatile and unpredictable market. From the term "hodling", they only see it as a very easy task without seeing the factors that will definitely trigger or affect the hodler itself. But once you decide to enter long term hodling even if it's bitcoin, that's the only time you can say that hodling is never easy and without patience and understanding the market, your investment will only go into waste.

However, if you compare trading into hodling, its obvious that long term hodling is less risky and less stress free, but still the process is always tough and hard, unless if you become an experienced long term hodler already.
sr. member
Activity: 728
Merit: 421
November 27, 2023, 12:08:31 PM
Hodling is not a child's play neither is it for the faint hearted but for the strong minded investors who deem it fit to do so based on motivation and believe in their investments to yield positive results in the long run. Most times, there are series of temptation to ones plans of hodling for a long time but when one is disciplined and exercise self-restraint to their investment, there wouldn't be any compromise on their own part.

However, it is advisable to invest in what you can afford to lose and it should be something that would not bother you much if anything happens to it. Such investment should be a long term investment with the plans of hodling very firm.
sr. member
Activity: 1456
Merit: 326
Eloncoin.org - Mars, here we come!
November 27, 2023, 09:23:56 AM
Life of holder's is not easy. They have to defend many life problem specially if the belong from middle class family and their earnings is not good enough to live then they faces a lot of problem for holding in life. But now day's the problem is rare because maximum time the hold that amount of mone thy can maintain. That money not need for them and they making savings they just invest that amount if money that they can afford. That's make the journey easy but they are always in tension because they don't want to face loss.

Everyone should invest according to his income because if you use huge amounts but you don't have saving that you can treat your children and family then I think there is need to invest money because first we will save our present after which we will move towards future. Everyone is working hard for their future but are living in a worse present which is not an advisable situation.

According to my experience save little amount each month but not that part of your income which you think that there is a possibility to use during urgent need. Investment with little amount will not make you distress but if you put huge money at once then there is a chance that you will get this amount during emergency without thinking about loss or profit.
hero member
Activity: 1666
Merit: 629
November 27, 2023, 04:32:20 AM
Certainly, making long-term cryptocurrency investments and protecting these investments before their planned maturity is a very difficult process because the cryptocurrency markets are a volatile market and due to the price fluctuations that occur during this process the feeling of constantly taking advantage of these opportunities can unfortunately dominate. Of course, trading in the short term isn't an easy process but it is a little easier to control one's emotions in long-term investments.

Protecting and hodling long-term investments is a process that seems very simple but is quite difficult than this. Especially after completing this process successfully, the society interprets the successful person as if he/she became rich overnight which can further annoy the person who is worn out during this difficult process. It is important to remember that a cryptocurrency can gain significant value in one night and make the person who has held it for a long time rich but this doesn't mean that that person became rich in one night. It is a very difficult waiting period and along with years of knowledge, experience and various difficult memories develop along with it.
hero member
Activity: 980
Merit: 947
November 27, 2023, 02:44:16 AM
Trading is only difficult if a person doesn't have a mind that can grasp ideas or someone who doesn't have much knowledge about technology and online stuff and has just recently started using Bitcoin and cryptocurrencies after joining the internet a short while ago. There are people who are usually away from technology and such things, they might have mobile phones or computers but they don't know much about them or know how they can use things, get into technical aspects, or even learn things themselves by exploring.

If that isn't the case, the person should be able to learn about trading and trading practices after a while if they dedicate some time and put in some effort. All it needs is focus and a basic understanding of the things which isn't easy to get for someone who is a learner and loves exploring things and learning new experiences.
In trading, not only beginners, but also experienced traders lose money, the cryptocurrency market is volatile and sometimes too unpredictable to always be in profit, and holding for a beginner does not contain big risks, the most important thing is not to buy in a bull market and take care of safe storage of coins .

But there is nothing wrong with wanting to trade if it does not lead to the loss of your funds. It is better to do this in two separate directions and make sure that they do not intersect, and if trading brings profit, then the profit can also be transferred to a hold.
member
Activity: 378
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Be Happy ☺️
November 27, 2023, 01:56:01 AM
Life of holder's is not easy. They have to defend many life problem specially if the belong from middle class family and their earnings is not good enough to live then they faces a lot of problem for holding in life. But now day's the problem is rare because maximum time the hold that amount of mone thy can maintain. That money not need for them and they making savings they just invest that amount if money that they can afford. That's make the journey easy but they are always in tension because they don't want to face loss.
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