holding is not an easy thing - page 10.

ReiMomo

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Quote from: Tomtomwole on May 02, 2021, 05:52:15 PM

alot of people really want to hold but the daily needs of life make them sell off at little profit and solve their needs which is really good. but later they notice the coin they sold cheap is worth enough to liberate them. this kind of occurences are painful but its really not his fault. this brings me to the question of maybe holding is for the rich who can afford to buy and forget. ? lets discuss this, thank you.

I would always suggest, do not depend the amount you have invested on trading for your basic requirements. Dont just await that the money you have invested would yield something every month to fulfill your basic needs. I have really lost almost $2000. I borrowed this amount and invested on a coin and expected an average return of minimum $150 per week. I even promised this return.

Where as, obviously there was no move but had to take the required amount from the capital. Had to sell at loss. So never depend on the amount you invested on crypto for basic needs.

sulendra12

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Quote from: martina14 on May 02, 2021, 06:31:45 PM

Hold is not easy, in terms of what? maybe if the person or holders are impatient especially if He/She holding the coins for a years now.

You probably didn't read the whole post of OPs.

The traders probably sold the coins because of their daily needs or even they need that money immediately. I think I have been talking like this earlier, but you shouldn't generalize people like that. Maybe you are rich? So you don't even think the other people situation in terms of economy, they probably need that money for their daily life. I have experienced that until today.

DarkDays

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Quote from: Brus123 on July 26, 2021, 12:45:20 AM

Quote from: Tomtomwole on May 02, 2021, 05:52:15 PM

alot of people really want to hold but the daily needs of life make them sell off at little profit and solve their needs which is really good. but later they notice the coin they sold cheap is worth enough to liberate them. this kind of occurences are painful but its really not his fault. this brings me to the question of maybe holding is for the rich who can afford to buy and forget. ? lets discuss this, thank you.

People often say that they can't afford to invest. But actually, you don't have to buy 1 Bitcoin straightaway. You can invest just 10% of your monthly income, but you should do it on a regular basis, and these little parts of your earnings will not be noticeable for you, nevertheless, you will get some profit from investment within the time. Fortunately, I started investing when I lived with my parents, so they provided for me, and all my nest-egg I was able to invest in Bitcoin, altcoins and defi projects. This way I learned how to hold, I overcame bear markets and big losses, and now it is really easy for me to hold.

Holding is a passion and a skill, there are people who are fortunate enough to get on this early and hold through heel and there are people who circumstances push them towards selling early. Whatever the reason, unfortunately, the minority HODL while the masses trade or close positions on short-term basis. But there's a need for this dynamic economics and so not everyone can be HODLers.

dustboy

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Quote from: Tomtomwole on May 02, 2021, 05:52:15 PM

alot of people really want to hold but the daily needs of life make them sell off at little profit and solve their needs which is really good. but later they notice the coin they sold cheap is worth enough to liberate them. this kind of occurences are painful but its really not his fault. this brings me to the question of maybe holding is for the rich who can afford to buy and forget. ? lets discuss this, thank you.

Holding is not for rich only, anyone has the same opportunity to hold but with different amount. For the case you talk about here, are you saying that many people holding coins with all the money they own so they do not have other money for their daily needs?

If it is the case, those people doing it completely wrong. People should not spend all their money for investment in holding coins. Investing, no matter it is trading or holding should be done with spare money only so it will not affect their daily needs for living.

bittraffic

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You need to have a job that you can hold your coins and you can live while your money is in BTC. There will always be the necessity to spend your money so if you have a job or a farm where you can get your food there, you won't be forced to sell your BTC.

It's bad enough that you have stayed in the crypto market for a long time and yet having no big holdings still now. It's time to really stand and hold your future.

Rruchi man

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HODLing is not just for the rich, it is for the disciplined. A rich person can buy a coin and still sell bearishly maybe because of a news or just sheer speculation. HODLing is however not so easy for the poor and needy, who even having all the discipline may still have to sell out some coins as last resort to survive or settle pressing demands.

Remember, only the living can HODL, don't die because you are trying to HODL your coins. At the same time, it doesn't mean you should always pick off your crypto account for every small challenge you face. If you must, it has to be on the note that it was the only and last resort. Otherwise keep HODLing.

TastyChillySauce00

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Quote from: lalabotax on July 25, 2021, 05:51:31 PM

Quote from: Tomtomwole on May 02, 2021, 05:52:15 PM

a lot of people really want to hold but the daily needs of life make them sell off at little profit

Just use your extra money for investment, don't use funds for daily needs. In this way, you don't need to sell your crypto coins for daily needs. Many people force themselves to invest with their daily funds, which is very not recommended to do. How if after you buy the coins, the price suddenly decreases severely and takes a long time to recover? That's why experts state that to invest with the money you can afford.

That's right most of people making investment from the money they need in their daily life and it can become a mistake, instead of making profit the money could be lost some portion of it because investment isn't always gonna bring profit. It's a spare money that we can prepare that's suitable for investment. That's why most of people find holding coin really hard because they always need to fulfill their basic needs from that invested money which make investment become pointless because investment is all about timing.

Brus123

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Quote from: Tomtomwole on May 02, 2021, 05:52:15 PM

alot of people really want to hold but the daily needs of life make them sell off at little profit and solve their needs which is really good. but later they notice the coin they sold cheap is worth enough to liberate them. this kind of occurences are painful but its really not his fault. this brings me to the question of maybe holding is for the rich who can afford to buy and forget. ? lets discuss this, thank you.

People often say that they can't afford to invest. But actually, you don't have to buy 1 Bitcoin straightaway. You can invest just 10% of your monthly income, but you should do it on a regular basis, and these little parts of your earnings will not be noticeable for you, nevertheless, you will get some profit from investment within the time. Fortunately, I started investing when I lived with my parents, so they provided for me, and all my nest-egg I was able to invest in Bitcoin, altcoins and defi projects. This way I learned how to hold, I overcame bear markets and big losses, and now it is really easy for me to hold.

taufik123

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Quote from: LongStand on July 25, 2021, 12:32:59 PM

Its not simple to hold on because there is no guarantee of your coins in the future. Selling while you still have the opportunity is good thing to avoid your losing money. Some people can not wait so its not easy to hold for long term. Its totally depends on person that is he long term investor or not.

if you choose a coin that does not have a clear progression then there will be no definite guarantee. But if you hold Bitcoin or coins that have clear developments, there will certainly be good guarantees for the future. depending on how you choose the coins you want to invest. If you just want to get a faster profit, a short-term strategy may be suitable, but if you are an investor who doesn't need a quick profit, you can choose a long-term investment type. most importantly do not use money for your daily life, use free money then the investment will remain safe.

lalabotax

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Quote from: Tomtomwole on May 02, 2021, 05:52:15 PM

a lot of people really want to hold but the daily needs of life make them sell off at little profit

Just use your extra money for investment, don't use funds for daily needs. In this way, you don't need to sell your crypto coins for daily needs. Many people force themselves to invest with their daily funds, which is very not recommended to do. How if after you buy the coins, the price suddenly decreases severely and takes a long time to recover? That's why experts state that to invest with the money you can afford.

LongStand

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Its not simple to hold on because there is no guarantee of your coins in the future. Selling while you still have the opportunity is good thing to avoid your losing money. Some people can not wait so its not easy to hold for long term. Its totally depends on person that is he long term investor or not.

Bollexz1

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Quote from: Bollexz1 on July 22, 2021, 05:32:49 PM

Quote from: Tomtomwole on May 02, 2021, 05:52:15 PM

alot of people really want to hold but the daily needs of life make them sell off at little profit and solve their needs which is really good. but later they notice the coin they sold cheap is worth enough to liberate them. this kind of occurences are painful but its really not his fault. this brings me to the question of maybe holding is for the rich who can afford to buy and forget. ? lets discuss this, thank you.

Honestly it's quite disappointing and painful when you find yourself in a situation like this.

Even rich people do sell off at the expense of buying other project in which they do think will be best profitable for them but at the long run it turns out that the one they sold to buy the new is much better, profitable and futuristic than the new one.

One can not always win it all. As I believe in the sayings that "you win some, and lose some"

But to my own tiniest piece of advise, I think it's better to not always sell all, try to keep at least 20/30% of that one project you're wanting or willing to sell and not sell off everything.

I hope you've by now have a change of mind. As you can see, the market bull season is about to get activated, as bitcoin and every other altcoin are moving slowly, steady with stability in the market. So to my own little understanding, if you really want to cheat on the market, now is the perfect time. Don't dull, go ahead and invest all you want.

Cherylstar86

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Quote from: Xinarae* on July 22, 2021, 11:40:05 PM

It is not an easy thing to hold but it is easy to hold if you have a good knowledge of currencies good currency for holding bitcoin. Its price increases for long term retention but it is risky to be more greedy therefore it is better to sell if you make some profit you have to be patient and control your emotions and move forward the best way to succeed is to plan. Newcomers have less risk to hold if you invest in the right currency, you will make a profit if the price goes up.

Definitely, it was easy to hold if you have a good knowledge on how to hold bitcoin. Having strategies and techniques on this was also very important in holding bitcoin. If the price increases in just a small percentage, I guess you can sell it already instead of waiting for the huge amount of money. As long as you gain profit and don't lose such a huge amount of it was great already. Maybe newbies might experience high risk if they don't take the advices of those people who knows it already and get less risk if they will search something about their coins and knows how those coins are trusted. Invest on the right coins for you to gain profit even just a little.

Anamika1000

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It depends on the person's income, like me if I hold for years I can because many coins I bought before one years and now still these coins have high price. And if someone needs daily money and they don't want to invest huge then day trading is best for them

RILWAN

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I settled with the fact that holding is possible when the situation allows it; I have been trying to hold for some time now but seems impossible because of real-life needs that always make me sell off to pay bills, but again I held a little amount which has thought me one thing that is the discipline it may not be easy to hold but with the determination for the future one can still hold.

bittraffic

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Quote from: Xinarae* on July 22, 2021, 11:40:05 PM

It is not an easy thing to hold but it is easy to hold if you have a good knowledge of currencies good currency for holding bitcoin. Its price increases for long term retention but it is risky to be more greedy therefore it is better to sell if you make some profit you have to be patient and control your emotions and move forward the best way to succeed is to plan. Newcomers have less risk to hold if you invest in the right currency, you will make a profit if the price goes up.

For the rich and the ones who have a steady flow of income, it's easy. Holding something that isn't growing can be a pain which is why some investors are open to just buying staking coins so that even if the value is declining the number of tokens is growing and all they do is wait for the price to spike again.

Holding BTC is not ideal when there is a bear market. It's only meant when the bullrun has not yet reached its peak but once it's up there, investors are going to sell and wait again for the dip.

Xinarae*

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It is not an easy thing to hold but it is easy to hold if you have a good knowledge of currencies good currency for holding bitcoin. Its price increases for long term retention but it is risky to be more greedy therefore it is better to sell if you make some profit you have to be patient and control your emotions and move forward the best way to succeed is to plan. Newcomers have less risk to hold if you invest in the right currency, you will make a profit if the price goes up.

Bollexz1

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Quote from: Tomtomwole on May 02, 2021, 05:52:15 PM

alot of people really want to hold but the daily needs of life make them sell off at little profit and solve their needs which is really good. but later they notice the coin they sold cheap is worth enough to liberate them. this kind of occurences are painful but its really not his fault. this brings me to the question of maybe holding is for the rich who can afford to buy and forget. ? lets discuss this, thank you.

Honestly it's quite disappointing and painful when you find yourself in a situation like this.

Even rich people do sell off at the expense of buying other project in which they do think will be best profitable for them but at the long run it turns out that the one they sold to buy the new is much better, profitable and futuristic than the new one.

One can not always win it all. As I believe in the sayings that "you win some, and lose some"

But to my own tiniest piece of advise, I think it's better to not always sell all, try to keep at least 20/30% of that one project you're wanting or willing to sell and not sell off everything.

seramania

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I could not emphasize more that when you see that the coin that you are holding is specifically decreasing in value, holding will be a great challenge as many emotions and thoughts would rush into your system. While it is hard to hold, it easy to feel fear, doubt and to eventually give up when holding, not to say when it is for long-term. Patience along with faith and determination must be possessed by a person who really wants to hold.

the most important thing when holding it is that we must remain consistent and also don't get carried away in a panic. jaci I think this could be the key to a successful hold in the long term

Smartvirus

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Holding only comes easy to those who has got more and some other streams of income. It becomes apparently difficult, very difficult to be holding a coin when you've got a single stream of income and the needs in our would today is so surplus. Hodlers are really trying, for those of them that has been really good at it, hodling coins for years. It suddenly seems like, its the most difficult thing a common man could do. Not like you wake up every morning and you see the coin adding a dollar or 2 dollars, it's always creeping inost part of the year and most times, it gets to have some corrections and your like 'what is this or what is happening '. Thats how people encounter loses. I have a friend who, with the least bear move in the market, his gone for a sell and I feel for him. Hodling, is for the strong, really.

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