Topic: #HODLing is not a smooth journey - page 8. (Read 1793 times)

Of course, patience is the next step and before achieving that they have to put a lot of time into thorough consideration and look at various angles about the risks they are going to take. There are those who are brave because they are driven by quite reasonable and mature considerations and there are also those who are reckless because they only look at the benefits. For those who are reckless because they only look at the profit opportunities, I think they will not be able to survive the journey of long-term accumulation, they will not be patient because what they have in mind is always about real profits, plus there are some worries about losing because Bitcoin will not always make your journey easier, there will be several conditions where you are very worried when you see surprising market movements.

It is not uncommon for some people to fail when they are in conditions like that and they prefer to go home by taking the remaining money in the form of bitcoin or 0.0 something like that. Therefore, this is where careful consideration is important for a strong defense and belief in your journey. If you are very sure about how big Bitcoin will be in the future, driven by the knowledge and references you get from several sources, then I think there is no reason for you to just give up.

But holding enough for the first time crypto users because they have less experience in crypto, due to which they do not understand trading mining, so without understanding it is not possible to do anything from crypto. A friend of mine first came to crypto and he bought and collected bitcoin but also he is always practicing trading so that he can make good profit in future. I never advise him to invest but i always give him ideas about crypto which I think is really appreciated.

If you look at the history of Bitcoin hodling from year to year or from a four-year cycle, of course it makes sense that currently there are many people who are interested in implementing Bitcoin hodling for themselves. Because everyone will certainly believe more after seeing the proof in Bitcoin, as well as altcoins whose reward rates are not much better than Bitcoin so that everyone who wants to implement Bitcoin hodling will never regret it. However, the opposite can happen to altcoins, which can sometimes make people immediately regret it when the altcoin they hold disappears from the market list.

The post is actually representing btc hodling and not alts. History has shown that hodling btc for long is never a wrong decision because you mostly going to be rewarded for it. Although this can also applies to alts but just a very few percentage can be hodl for long without any regret.

HODLING certainly is not a smooth journey & the image in the OP is a comical but quite accurate representation of  how it feels to HODL. There are many ups & downs during the years but over a long time you are almost guaranteed to do well in Bitcoin I must add. I can not make that statement fully confident for altcoins. So yes over long term HODLING Bitcoin you will do very well.

I think two things that determine success in hodling is patience and understanding.  If their is better understanding about bitcoin volatility in the market won't be a challenge to people because they have already understand it just the nature of the market. Patience is just what  investors needs to practice and learn how to stick to it, without patience it is impossible for investors to hodl bitcoin. Investors needs not to be too desperate to make money quick , this can make them to lose focus in  hodling . Patience is an important factor investing that must be considered by every investor yield a very good result.

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, most of the traders are losing their money and that's why it's hard to just trade and keep going on with it. You'll get tired eventually with that strategy and what you'll want to do is to make more by just holding. You don't need to do that much but as long as you have money to invest, you'll be fine in accumulation.

Definitely.
And that's what we're doing by just holding Bitcoin. People still don't see why many of us are crazy in doing that and even advocating and telling them to just buy and hold it.

You need patience when holding because this decision is not made easily, negative issues affecting BTC could cause the price to fall and other things that can cause investors' toughness to be tested by the fluctuations that occur in the Bitcoin market. Achieving a level of success in investing requires patience and learning from experience. Bitcoin which has succeeded in breaking negative issues and its popularity is increasing even though there are parties who are not happy with its presence, is always able to show its strength with the surprises it always provides. Only people who are able to be patient and brave in defending their decisions will make big profits when Bitcoin is at its peak price.

It is kind of ironic that traders supposedly try this activity as it is a way to obtain more profits than just holding your coins, but in the end the majority of those traders end up losing money or making way less money than what long term holders make, so long term holding is not only a great strategy to make money, it is also a very effective one as once you have selected the assets you want to buy, there is not really much for you to do anymore.

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.

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.

My view on hodling guys? I like them and they have my full support, my staff, my bow, my sword and all that
Being a hodler myself I feel a part of the movement.
Yes, It's been rough at first, but I had the luck of entering the market during the bear market. It's a bit harder for people who start their journey in a bull market, see their funds go up, dream of all the possibilities they now have and then see themselves being chewed up and spit out in the bear market. When you buy in the bear market you often enter low and only see a loss of 10-20% which is bearable, but people who bought near the top and see 70% decline must be devastated. If you're one of those people and still held during your first bear market, congratulations, you are a real baller!

So, for me it was pretty easy. I missed the bottom but bought some coins for $400 - $600 in 2014. I had a lot of bitcoin at that time and felt euphoric when we passed 1k. I thought I was so smart, did what I was supposed to do: made 100% profit and sold... And then it went all the way to 3k in a month... So yea, not smart enough. I still have some of those cheap coins. That bull market and my dumb quick exit taught me to be a hodler and aim higher. Be greedy guys, 100% profit is nothing!

That is very true when it comes to crypto market, not very sound decision if you will put your emergency funds into this investment.
As you don't know when will you cash out with profits, you may have the need to cash out in a tight position.
But if you can afford to wait longer and you have other funds to rely on, then, that would be your advantage as you won't feel agitated if you need the funds right away.

However, trading can still be an option to earn money at certain times, such as this year, because there are many traders who still like to enter the market to earn income, even though they are not sure of getting it in the near future. But for investment, if we look from the beginning of the year to near the end of the year like now, it is very clear that the profits that many investors can get are very good. Because investment is more suitable for those whose financial level is more independent than people who try to invest by sacrificing their needs or emergency funds.

It sounds like what I've experienced... when I'm not as anxious about my assets, endure a crash, and then witness the market turning green again, it feels like a new mindset, realizing how cyclical it all is. I even find it easier to control emotions that were once quite fearful.

The ability to HODL might be an evolution from the 'don't care' attitude I've adopted in recent months. Sometimes, it's essential to simply ignore negative influences to prevent them from altering the mindset we've planned since the beginning. This encourages me to stay positive continuously, even when the market is in the red,

It depends on the person's abilities so those who are able to wait for longer timing and his finance is not effected by investing some amount for longer time without touching it then he can hold but on the other hand if person needs money and he Don't think patience as suitable option then holding for him will be very hard. Trading can give you quick earning but there is no guarantee that what will happen to the coin during next hours so when you make investment and hold your coin then how much it goes in dip it will certainly go up after years so this is the basic thing which is more beneficial with holding as compared to trading.

Hodling is not as easy the way people thinks, people always misunderstand it to be very smooth and this where the problem starts. But I think hodling is still simple when people understand what it is  well, when hodling is well understood their is no much expectation of gaining profit just in a short time. One of the problems people usually have when it comes to hodling is that they predict to make their profit in their own time, they really do not understand volatility that it makes the market to be unpredicted.  I'll say hodling is easy but people misunderstand it based on their on perspective.  People who really understand what hodling is don't struggle with hodling and they stick to it to the end to achieve their goals.

Someone who decides to make an investment must have some preparations before they make an investment, because if they don't prepare well they will certainly have difficulties when carrying out the investment because before they get a profit they have to end the investment they made.
I agree with you, when deciding to make an investment it would be much better for us to still prepare funds for unforeseen needs so as not to disturb the investment we are making and we can wait for the profits from the investment we are making.

Not just for those with financial stability, it goes beyond that. People are willing to keep their money long-term in a trusted investment.
Hodling btc back in 2017/18 and Hodling btc in 2020-23 is quite different.

You can agree with me that many investors with high financial status still panic sell their btc back in previous bear market than now because people are trusting btc now than before.
Can you say that the majority of those who sold their btc during the 2018 bear market were all low funds investors? Of course not. If I can recall correctly Whales where the ones dumping their btc more than small investors.

Hodling is not easy for any investor, financially sound or not. The most important factors for Hodling btc is trusting what you invest in then patience because without trusting that investment you be able to have patience.