Topic: #HODLing is not a smooth journey - page 7. (Read 1793 times)

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.

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.

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.

We all know that the cryptocurrency market is very volatile, it can fall by 90% or 100%, but then it can also recover and increase by several thousand percent, but the most important thing is the quality of the project. You're right, if he chooses the right project, the 90% decrease in value will only be temporary for a short time, there's nothing to worry about, everything will soon recover when the bear season ends and the bull season comes.

I also have some coins that lost more than 80% of their value when the bear season hit but according to my observations, those projects are still diligently building even during this bear season. Therefore, I am very confident in continuing to hold them without having to think about cut loss or giving them up.

Maybe it is a bit of greed given that you're aware of how big the profit already was and you still chose to hold. Your cited experience also support the title which is referring to struggles of holding. From big profit to huge loss. If you picked the right project then you shouldn't be hopeless right now even for a bad market situation from the previous all time high. Think of those people who bought early and still earning at this point; althroughout they encountered loss, then profit, the loss, then profit. If it is long term holding they you shouldnt mind monthly price  ceilings and focus only with annual growth in its price. Things won't happen in an instant so if you are in regret then you should have picked the easier catch.

The more we want to earn at this time would be only through the day trades. Mostly now a days we didn't recognized the move of the bitcoin so traders can also take benefits through the day trade.

But most of the traders have hold their funds for the future and this is not that wrong but It will take some time to take these traders their benefits which are also on the the charge.

Allowing the traders for day trade would be better at this stage even every coin is pumping. But some of them got too much hype even we want to see them at dip and buy them in its dip.

That's a lot of paper losses that you've got and you're not alone with that because I've got some altcoins that I've gone near to that percentage.
But that's fine because I have diversified my portfolio into several cryptos and mostly have it on Bitcoin and that has made me felt secure by doing so.

I reckon, learn from everyone's mistake. 

For me it’s the other way around, I missed the chance to sell a coin on the highs, which would have brought me a huge amount, but I hoped that the project would continue to grow, in the end my investments went down minus 90% and I’ve already been waiting for about two years, but TVL is still  very far.  My advice: do not miss the opportunity to lock in your profits.

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.

This is why it would be important that you should really invest on the amount which you can afford to lose, never ever make yourself do make out some investment which are intended for emergency or savings purposes
because on the time that you would really be needing those funds then this is the time you would really be accepting even if its on loss or negative which it is never been that good at all, but since you dont really have any options then you would be accepting it even if it against your liking. This is why you should make yourself that realize or get prepared that this market is never been that predictable. You would be needing to hold up for long term on the time that you will be experiencing some negative and if you are in need? then what would you do next?

Holding is never been a smooth journey specially if you are investing on the money on which you cant afford to lose or simply with your savings then you will really be that
impulsive in every movement that the market do make out some big movement.

That is why you must make careful considerations in various aspects before you get involved in investing, I think all people or investors will never avoid challenging conditions that force them to sell their investment assets, but on the other hand there are those who succeed and those who fail, the question is why they can succeed? One of the reasons that I think is quite reasonable is that they come with full consideration, thinking from the start about what can happen later even though not all future conditions can be predicted, but the main thing that should be a concern is that you try to put an amount that will not be disturbed by other needs in the future.

By putting money that is less likely to be used then I think you will not sell your investment assets when the situation is really urgent, and also make some budgets or that means not to allocate all your money to investments, keep some in your other savings as a fund for urgent situations in the future, with that then I think you will not sell your investment assets that you have long maintained just because of urgent situations like that. And the other thing for the obstacle problem about your concerns regarding the surprising market I think it will come back to the knowledge you have, if you come without having any understanding of the world of bitcoin along with some positive potentials then I think it will also make you make improper sales.

Yes, i felt badly to holding Bitcoin and altcoins. After my investment my portfolio is gradually reducing. But i was panic when i see my initial balance dropped 20% even after long term holding but on the other side i need money, i sold my coins and loses -20%. I realized in the several times holding isn't an easy job, need to hold extra money which i don't need it at anytime.

Well, to be frank, I see that bitcoin is really proven and tested for long-term investment. I read something here on the forum that it is good to hold Bitcoin if we hold at least one or more Bitcoin, because if you make 100k$ per bitcoin, you will earn quite a lot from it.

But if it doesn't reach at least 0.1 btc, it's better to turn your capital in bitcoin to another cryptocurrency that has my potential and has the ability to go along with the rise of bitcoin, even if it's not equal to its value. Because there is a higher chance of earning more than what you will earn in Bitcoin. I also agree with this point. And most of the communities here are developing and changing livelihoods because of altcoins or cryptocurrency. That is the reality that happened in 2017.

Investing is an easy step for an investor but holding that investment is very challenging for an investor. An investor usually goes through various challenges in holding the investment and there are many situations when the investor is forced to sell his investment even if he does not want to. After investing it is seen that an investor may face financial crisis when that investor has no choice but to sell his investment. But those who can hold on to the investment despite taking on so many challenges are truly true investors. There are bound to be hurdles in retaining investment and we have to cross those hurdles and retain our investment though the road is very tough but if we can cross the tough road then surely we will get good from investment.

Of course holding is not a small journey not as we hear it. There are many emotion controlling issues and many emergency situations. When it comes to emotion control, when an investor wants to invest in Bitcoin in the beginning, it is less in him. Then when the market conditions he experiences realistically, he follows the long term strategy if he is a smart bitcoin investor. But be it a beginner or an experienced trader everyone has to complete the long term strategy by passing the traps mentioned in your picture.

This image isn’t true. Trading and hodling can both be profitable. The reason why most people don’t trade is because they do not have the skills required. Isn’t trading the same a temporary hodling? If you look closely, you’ll see that they are the same. A trader will want to take the little gains he sees but someone hodling will want to hodl for long hoping for better gains. If you happen to have the skills required for trading, I advice that you trade (even as you hodl).

Out of sight, out of mind. That's what I always say when I hold cryptocurrencies for extended periods of time. The thing about holding is, the more you bear in mind that you have cryptocurrencies that are at risk of losing value on the US market, the more you're going to be agitated about cashing them out, which is a massive problem cause the moment you do cash out, the results of your holding are final and irrevocable. Now, if you really couldn't put your mind out of the coins you held, just think of it this way. When you're holding crypto, even if the market outside's in shambles, as long as you don't sell and you're with a good crypto, chance of recover and uptrend is still there. So don't sell your cryptocurrencies on a whim, and actually hold for dear life.

Holding might not be a smooth journey but more pefereable and better compared to trading, the thing have observe with trading, trading has it own unique strategy and anyone who lacks that strategy will not make any profit that's why we hear alot of stories concerning trading and loss. Just like what everyone is saying hold long term, but the problem investors get these days, they are not patient enough to hold long term. In my own opinion anyone who is not patient enough to hold bitcoin long term is not a real investor, I think the first thing everyone needs to know before starting to invest in bitcoin you need to be patient with your holding but sometimes it's not easy to say because everyone wants fast profit but bitcoin investment doesn't work that way.
Most people will say trading is much better due to their experience and no doubt, people who know the trading strategies earn from trading, it just depends where you're good at.

Patience and extreme dedication because if you dont have these things then you are really that susceptible when it comes to decision making considering that it would really be that not would be so simple on
making yourself that able to handle yourself when it comes to sudden change of market condition on which it would really be that able to change up your decisions which its really that a very possible situation
to happen. HODLING might really be  that sound so simple to hear at but when you are on the said situation on which it is really that much too hard specially when you are witnessing  various market
conditions on which it is really just that hard to resist to neither buy or sell.

You would really be that passing tons of storms and waves on which you would really be liking to sell your holding specially when you do see negative PNL and you would really be boggling
up your mind whether you should really be holding further more or not. Actually the main enemy you do have here is yourself or simply with your emotion and mindset because on the time
that you are really seeing your portfolio is really that in trouble then it is really that too damn hard to make up decisions and this is why if you are holding
then better not to be too active on checking out the market and distract yourself into other things.

I agree that #HODLing is not a smooth journey. It is a challenging journey, requiring patience, trust and the ability to tolerate risks.

When you HODL, you are betting on the future of an asset. You believe that the value of that asset will increase over time, even if its value fluctuates in the short term.

This can be very difficult, especially when the value of the property declines. During these times, you may be tempted to sell and get your money back. However, if you sell, you could miss out on the opportunity to make big profits in the long term.

To HODL successfully, you need to have a plan and stick to it. You need to determine why you are HODLing and how much risk you are willing to accept. You also need a risk management strategy to help you weather periods of volatile prices.

Hodling is a quest of an investment journey with a geographical features that is accompanied with zizagrious tournaments where ones goal is aimed to be be crown a championship in a trading firm which tactically requires an investor to  adopt patient on no matter how tempted the situation maybe attracted and the ability to control its emotions for a long period of time with the hope to make a hugely profit