Topic: Hodling requires perseverance - page 6. (Read 737 times)
with the price of coins on the market that is going down like this is not good if we sell the coins that we have because the price will be cheap. all we can do is hold the coins that we have for a long time until the price rises so we will not lose much. we must be smart to manage our crypto asset well and wait the time hoping the price of crypto will rise soon.
Yes, I agree to your point where in perseverance, patience and trust in your invested altcoin is indeed the factors that keeps you to hold and wait for the right time. There are some investors that easily get carried away by their emotions instead of analyzing the current situation on what whould be the right thing to do in making such decision.
Imho hodl works only if you have good entry point, steel patience and made really good research about company you invested. It is not enough just something cheap on the market:)
I agree with this. If you have a low entry point on good projects, you really do not have to worry about the movement of the market. You can hodl all you want until it's the right time to sell.
Patience is the guarantee of success. Especially on the crypto market. Here, most think in terms of months or weeks. To make investments with calculation even for a year are solved by the few.
I don't see holding strategy will work then. As I've observe and as I've experienced, I'm totally in loss due to holding. Market isn't the way to go far cause mostly tokes price are affected from dumpers and makes market trend ruined. Instead that we expect more growth, but sadly it goes down immediately.
Without discipline, patience and perseverance, no one can hold a coin for a year to two years without selling despite the market going up or down.
Patience is the guarantee of success. Especially on the crypto market. Here, most think in terms of months or weeks. To make investments with calculation even for a year are solved by the few.
I agree with you bro ,sometimes you have coins and have an urgent need to solve financially but due to bad market situation then you prefer to postpone the financial need and keep the coin.Only a few people can do this particular thing.Others will rather prefer to dump the coins and get the money at that particular instant but later regret when the prices finally go up.
This isn't 2017, holding isn't a viable strategy anymore for maximum gains. Market sentiment is down so you need to ride the waves in order to generate a reasonable profit. Sure holding will likely generate some profit in the long run, but it really will be a long run considering how the markets have looked for the past few months.
There have been a few projects I lost all faith in after buying at almost ath around December/January. Been waiting forever to get rid of them, to buy in high potential projects with a long term vision. Around April/May I decided the agony of keeping them was more annoying than the fact I'd loose money when selling them. So I sold several bags. I bought into the other (better) projects and never looked back again. Pf stayed the same, I think I made a good call. Selling at a loss is no shame. Only when the project has great potential I would hold.
Imho hodl works only if you have good entry point, steel patience and made really good research about company you invested. It is not enough just something cheap on the market:)
I agree with this. If you have a low entry point on good projects, you really do not have to worry about the movement of the market. You can hodl all you want until it's the right time to sell.
Cryptocurrency is for the strong. Most times, you have to be fit enough before you can succeed in it. There are tokens you cannot hold for too long. Else, you might loose your fund. Notwithstanding, if what you are holding is good, even if it drops, it will still rise, but you need to be at alert.
Holding is all about patience for the perfect timing to come. Cryptocurrency takes time to develop and unfortunately, this red market is the hardest part when you are holding an altcoin. Seeing your investment going down and down really is a pain in the ass. As a holder you always have to practice how to wait for that investment to multiply.
I keep some coins for a long time because they have slipped in price. I need the money, but I'm not fixing the loss, because that would mean I lost the money.
Actually it is a part of the virtue once you are holding a coin, .
because waiting for a longer period of time is not easy because there are some circumstance that will come that you cannot resist the temptation.
because waiting for a longer period of time is not easy because there are some circumstance that will come that you cannot resist the temptation.
Preserverance is a key to success. As to progress in trading crypto currency yiu have to hold on to your coin, preserverance is also required.
Making long time hodl in the crypto market is definitely a ability, i fully agree with this idea. When Coin's price goes up a little, it takes a lot of perseverance not to sell it.
It is really hard to decide to whether or not hodl or sell.Me also is needing fiat but how can i sell now,now that all tokens do not have enough value.And there is this thinking that better to sell now rather than to have no value at all in the near future.Patience and perseverance are being tested.
I am going through exactly the same kind of situation right now, I decided to hold, I have seen my asset grow so big and i was happy about it and i say I will keep on holding but when bear came, everything went down so bad, and i really need fiat, but I have decided to sell some and raise few fiat and keep on holding others, but it is really painful, sometimes i regret but it's well, I know someday i will be happy with my decisions.
The main problem, as I think, that people buy crypto and want to get fast profit. As soon as they lose 15-20% of money, they sell and tell that "crypto is the pyramid". I want to believe that in future everybody will learn more begore investing money!
the most important thing in success in crypto is patience and waiting because if we panic and sell everything we have in a state of market like this then the losses in can not be a profit.
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