Hodling requires perseverance | Bitcointalksearch.org

cryptogeek101

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homt.net

Quote from: Adunni6758 on July 11, 2018, 09:24:58 AM

Yes, it is true that perseverance is the mother of success. One of the toughest thing to do when it comes to crypto, is the ability to hold for long.
I had a discussion with a friend. We decided to hold our tokens, because we had fiat to fall back on peradventure there is any need for it.
Presently, it is a different story, we are now in need of fiat, but all the tokens we presently hold have dumped. If we sell now, we would sell at loss, but getting money without selling is quite difficult.
As a matter of fact, we are seriously deliberating on what to do, yet we kept on telling ourselves that "it's just for a while."

Too bad, that's the reality of the crypto market situation now, however you could continue to hold because selling now I think is not the best option,because every crypto fan believes that the future is great for us. I understand the situation my brother.

AndrewBrown

newbie

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This is really what we need in the market. Patience and perseverance. You cannot hodl your coins if you lack these two qualities. Cos most of these coins might need you to hodl them for as long as two years, or even more. and there are times that these coins would not even be doing so well during the time you are hodling them, this is why you need perseverance and patience.

Glen1989

jr. member

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Many people now say that this situation will soon change in the market - and it gives great hope that there is not so long to wait. Want to make money , but not at a loss to sell at the current situation. So of course you need patience and perseverance in your patience

dangwapo311

newbie

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Yes holding is not really easy as it seems. Yes it is easy to say hold but you don't know how hard it is to say no to temptations. Plus the fear when the market goes bad and prices drops. Holding is one of the hardest thing to do specially when everyone is selling their coins. But if you have faith in what you are holding then you know you are in good shape.

Ridzik111

newbie

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Holding exactly requires a lot of patience and a nerve. It's very hard. At me as always patience absolutely does not suffice. Just you do not have to think about profit, otherwise you will not succeed.

cllo78

newbie

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I agree with you that perseverance is the key to success. Just as people often say that patience is the key to success is a truth. I think that we must persevere in the cryptocurrency market or in our daily lives. Don't give up easily, come on

abuhazzan

jr. member

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Holding no doubt requires a great deal of patience. However, most times, once can be burnt by holding some tokens. I decided to hold some tokens and I got burnt in the procese

tterrorpipa

jr. member

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Indeed correct. It requires perseverance, because you can be possibly tempted by some short rise of the token you hold or even you can also be tempted to sell all your tokens when you see the bad price. Better lock it in the safe box, and never see its price history.

robelneo

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Quote from: Adunni6758 on July 11, 2018, 09:24:58 AM

Yes, it is true that perseverance is the mother of success. One of the toughest thing to do when it comes to crypto, is the ability to hold for long.
I had a discussion with a friend. We decided to hold our tokens, because we had fiat to fall back on peradventure there is any need for it.
Presently, it is a different story, we are now in need of fiat, but all the tokens we presently hold have dumped. If we sell now, we would sell at loss, but getting money without selling is quite difficult.
As a matter of fact, we are seriously deliberating on what to do, yet we kept on telling ourselves that "it's just for a while."

Had the same experience it's hard to hold your token when you badly need some money, this is one of the scenario holders wants to avoid but it is urgent and emergency I have second thought selling my coin, no one can avoid selling at a loss and every holders and traders has one time or another has done this things.

PumaPuma_

member

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If you are trading on stock exchanges, you do not need to keep tokens long. If you liked the token, now it can be sold and purchased at a better price

kent47400

newbie

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perseverance is not only in cryptocurrency, in daily work also requires perseverance.
we also need reality to the market, because if it goes down deeper then altcoins will make your money disappear.

maybe it's better if you STOPLOSS when the altcoins you buy go down by about 10%.

leslie4u

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Can't agree enough with this one. Holding does require perseverance. The only thing we need to be careful about is we should hold for profit and not be bag holders. There are many whom I know including myself, during the initial days where we stuck to a project/coin and time went by and instead of things going in a positive direction went the other way round. So its good to be with a project and like it and support it but then end of the day we are here to make some money so let's get some profits than being bag holders.

bitcoinposts

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Holding requires a lot of patience and a positive attitude in cryptocurrency industry here we cant expect overnight results of any kind we should win with patience

hmil

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It's interesting to watch the topic and read your opinions). I personally lost a lot in the past year on the fact that once again re-purchased by other coins with the hope that they will grow faster than those in which I was. I can confidently say that in crypto-currencies those who hold coins win.

mammoniter

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Quote from: Classica35 on July 11, 2018, 10:16:28 AM

Sincerely, there are times i sell some coins even when i am not in profit, just because i need money. One thing i ensure is not to sell at just any price, when i am not in need. Most times, i do not also sell all my coins at once. I only sell part amd keep the remaining.

Just sell when you need it the most so that you won't regret it whatever happens. Being to greedy may get you to a pitfall that will most likely recover for months and months like what happened to me when bitcoin is at $9000 and still wasn't able to sell it because I think it will recover in just a few months but shit happens.

shana95

newbie

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I agree with you. If you gonna sell previously bought tokens now it's completely worthless. Because you gonna end up with a loss. We can't directly say what will happen in the future. But I'm also holding my invested coins these days. My $700 investment today worth only $352. But I know that the project is good. So I wait until market recover to sell my tokens. But we all have to be more careful. because of the anything can happen in the crypto world.

trantamhy

jr. member

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Holding not only requires persistence and also requires knowing the market information. Learn the information quickly. At the fastest pace of change then high returns can be achieved

motun01

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Holding tokens requires a lot of perseverance because there are some projects who's roadmaps are well spaced and it may take a while for any significant milestone to be met, ans that will result in a lit of time spent before the project can make the good ROI it has the potential for. It is important to have patience if an investor desires to hold.

DiamondsAndCoins

member

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This is very true. Another that is related to your post is not FOMO'ing and jumping right in just to get in. I have this problem very badly. It takes great effort on my part to pick my entry points and to stick with them.

ColorfulJoseph

newbie

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In my opinion, if you are going to hold for a long time, I recommend to have just as a side income, so you can focus on some other job or activities while the value of the coin you invested in grows.

Topic: Hodling requires perseverance (Read 684 times)