holding is not an easy thing - page 13.

BuNga_cute

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Quote from: Nrcewker on June 01, 2021, 10:42:59 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.

Yes well said mate. Not all crypto traders are rich and wealthy.
And yes this is the bitter truth that happens with major traders including me.
There is no problem in holding a specific coin for long term, but in order to fulfil our expenditures we sell it quickly.
After selling we see the price of that coin keeps on increasing and for this we buy again the coin and sometimes face losses.
Still I respect all the traders and hope days will change and all will become rich.

Because not all crypto traders are rich, that means crypto trading is not only for the rich. Even so many poor people are trying to buy crypto
to change their future for the better. Because many people have proven that holding crypto in the long term can make us rich. The problem is
that most of the poor use trading capital or investing with money to buy daily necessities. This ultimately makes them suffer a loss, because
they choose to sell at a loss, the coins they have to meet their daily needs. The key to become successful holders is to have capital from
the extra money we have, so whatever our needs will not make us sell the coins we have before finally reaching the selling target we want.

Untomabur

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it should be an easy thing, why? because you just have to store it in your wallet,
maybe it can be in a trust wallet or in a wallet exchange, such as Binance, or Huobi,
indeed holding long coins you can lose all your money because not all coins will be a big project,
you have to manage everything in risk management, if you just invest and walk away, that's a shame

Nrcewker

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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.

Yes well said mate. Not all crypto traders are rich and wealthy.
And yes this is the bitter truth that happens with major traders including me.
There is no problem in holding a specific coin for long term, but in order to fulfil our expenditures we sell it quickly.
After selling we see the price of that coin keeps on increasing and for this we buy again the coin and sometimes face losses.
Still I respect all the traders and hope days will change and all will become rich.

DarkDays

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Quote from: livingfree on May 23, 2021, 05:53:35 AM

Quote from: wayaneka on May 20, 2021, 10:15:43 PM

Dont holding for daily needs but for longterm investment.

Well, you really can't hold if your plan is just to use it for your daily needs. The perfect strategy when you're holding is to put that money into no use but as an investment, we both agree about it as long term and you won't going to use that until it has made profit.

Well, holding goes hand in hand with long term. You can't rely on an investment to do well within a few weeks you need to give it time to end up with a chunky profit.

And sure, this depends on when you entered the market but it is safe to say that any investment should be one you will be OK to lose if things don't go your way. You can't use crypto as a way to get your day to day needs. This is not sustainable.

andriarto

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Quote from: Slow death on June 01, 2021, 06:27:53 AM

there are situations where holding holds becomes a great test of patience that the person will have to pass, let’s imagine that someone buys bitcoin when the bitcoin price is $60,000, today the bitcoin price is at $36000, that means that all people who they bought at the price of $60,000 are at a loss and the question that these people must be asking must be: when will the price return to $60,000? and when will the price exceed $ 60,000?

now let's see the following:

if someone buys bitcoin for the price of $60,000 and the price drops to $ 36,000 and it takes 4 years to reach $70,000, it means that that person took 4 years holding to make a profit of $10,000. sometimes hold can have this disadvantage and to minimize this disadvantage people need to start buying each dip

if they can hold up to 4 years and the price starts to approach BEP, will they be able to hold it back. on the other hand, if the price is above the purchase price, are we able to hold it too ... and one more thing, we don't know when the peak is formed, and at any time the price can reverse direction. therefore the psychological role is very vital

Slow death

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there are situations where holding holds becomes a great test of patience that the person will have to pass, let’s imagine that someone buys bitcoin when the bitcoin price is $60,000, today the bitcoin price is at $36000, that means that all people who they bought at the price of $60,000 are at a loss and the question that these people must be asking must be: when will the price return to $60,000? and when will the price exceed $ 60,000?

now let's see the following:

if someone buys bitcoin for the price of $60,000 and the price drops to $ 36,000 and it takes 4 years to reach $70,000, it means that that person took 4 years holding to make a profit of $10,000. sometimes hold can have this disadvantage and to minimize this disadvantage people need to start buying each dip

enawati

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I did holding some different coins for more than 3 years, because I been loss alot money when bearish trend on 2018, my losses up to 90%. Since that, I decided to hold it all, and this year bullish season coming, and my money is back plus make some good profit. Holding coins is easy if use money that afford to lose. Dont use money for daily needs to invest in crypto. Diversify your investment, dont make invest in crypto only but also learn to invest on others asset that the risk is lower like Gold or stocks.

molsewid

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Quote from: wayaneka on May 20, 2021, 10:15:43 PM

Dont holding for daily needs but for longterm investment. Before decide to holding any coin, we should be know what the currrently of trend crypto market. Based on historycal price and trend of crypto market, in my opinion right now is good decision to start to holding some strong coin. If we back afew years ago, in 2016 and in the beginning of 2017 is good times to holding, but in the beginning of 2018 the bearish market started, so bad decision to hold crypto. Start hold now and do it for minimum 1 year , should be promising good profit because now is the beginning of bullish market.

I both disagree and agree. I disagree to your first point when you said that hold for long term investment. I think if you wise enough and always keep yourself updated from the rate then maybe it's better to check the possible rate the next day and if high then go for investing. I agree when you said start hold now and do it for 1 year. But you also said in the last part thay this is bullish market and it's true.

livingfree

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Quote from: wayaneka on May 20, 2021, 10:15:43 PM

Dont holding for daily needs but for longterm investment.

Well, you really can't hold if your plan is just to use it for your daily needs. The perfect strategy when you're holding is to put that money into no use but as an investment, we both agree about it as long term and you won't going to use that until it has made profit.

Quote from: wayaneka on May 20, 2021, 10:15:43 PM

Before decide to holding any coin, we should be know what the currrently of trend crypto market.

And just as the trend today, it's a downtrend. Holders are losing patience because all they see are bloods everywhere but only the most patient holders will win against this red days.

dezoel

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Quote from: MIner1448 on May 18, 2021, 12:58:59 PM

It is not easy to keep it, especially if you have invested a large amount and, for example, you urgently need to make repairs or buy a new phone, especially when your investment wallet is profitable, there is a very strong desire to withdraw the margin and leave the wallet to grow further, but you must always have patience and restraint ...

That's right but in such situations when you need money, one should sell a part of coins profits instead of touching the original investment. Let's say you invested $1000 and you have a $100 profit now and you need some money then better withdraw from the $100 instead of touching the original 1k. If possible avoid even touching the profits because you will have exponential growth if you invest the profits too.

When you invest for long time always remember to just invest what you have spare or you don't need in near future. If you are investing your salary then you will always be in a dilemma whether I should cash my profits and investment or how to proceed because you need that money to regulate life and daily activities.

wayaneka

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Dont holding for daily needs but for longterm investment. Before decide to holding any coin, we should be know what the currrently of trend crypto market. Based on historycal price and trend of crypto market, in my opinion right now is good decision to start to holding some strong coin. If we back afew years ago, in 2016 and in the beginning of 2017 is good times to holding, but in the beginning of 2018 the bearish market started, so bad decision to hold crypto. Start hold now and do it for minimum 1 year , should be promising good profit because now is the beginning of bullish market.

Maslate

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Quote from: blackened515 on May 20, 2021, 10:00:26 AM

Quote from: CryptopreneurBrainboss on May 03, 2021, 03:03:40 AM

Some coins are steadily migrating which if you're holding your coins in personal wallets, you have to execute some transaction to get your new coins on some aspect while others are airdropped automatically.

This is one of the many scenario where people lost their money through holding for long term, there are many coin that if you didn't follow them on telegram group for latest informations and updates, I have lost money because I was deformed about coin swapping to new coin. This advise is necessary as a holder to follow up the coin you are holding on telegram group as well as all social media pages to get any latest development on the coin.

But if you are just investing in Bitcoin or Ethereum which was known to be a long-term investment, I don't think about losing is near to possibility but probably it is more on the positive side (profiting). But many investors and holders had been tricked out by the market. Many are buying cheap shitcoins as they think that they can get x5, x10 profit (base on the market promotions) but it was very unfortunate that instead of having a good profit, they only got losses.

blackened515

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Quote from: CryptopreneurBrainboss on May 03, 2021, 03:03:40 AM

Some coins are steadily migrating which if you're holding your coins in personal wallets, you have to execute some transaction to get your new coins on some aspect while others are airdropped automatically.

This is one of the many scenario where people lost their money through holding for long term, there are many coin that if you didn't follow them on telegram group for latest informations and updates, I have lost money because I was deformed about coin swapping to new coin. This advise is necessary as a holder to follow up the coin you are holding on telegram group as well as all social media pages to get any latest development on the coin.

Distinctin

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Quote from: lienfaye on May 19, 2021, 04:22:42 PM

Quote from: kapalmabur on May 19, 2021, 04:11:21 PM

snipped

Thats the risk of buying at peak price since the market is unpredicted. However as long as you dont sell, your asset is still intact, you dont lose anything and thats the importance of holding. Wait patiently until the price reach your desired value.

On the other side investing the money needed for everyday needs are really not advisable. How can you hold if you already need the money? Holding is not only for rich people, anyone can do it as long as you're determine and has a set goal. Investing the money you dont need for long period so you wont be tempted to sell.

Then that is to advise that invest only the amount that we can afford to lose. It won't a big deal for rich people if they were able to see that the price will decline as they can manage to hold it but this could be a challenge for those who just rely on the profit that they got from their investment for their daily needs. And the selling could be their temptation, and it is too hard to manage our emotions if that will be the case.

Smitty Werben Man Jensen

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Quote from: lienfaye on May 19, 2021, 04:22:42 PM

Quote from: kapalmabur on May 19, 2021, 04:11:21 PM

if you use money for everyday life and buy crypto currency only for HOLD, of course it is sad,
HOLD can not necessarily make you rich mate, look now on the market, if you buy Bitcoin at $ 50k now you can only cry ,
because Bitcoin dumps 40% a day, it's sad, isn't it?

Thats the risk of buying at peak price since the market is unpredicted. However as long as you dont sell, your asset is still intact, you dont lose anything and thats the importance of holding. Wait patiently until the price reach your desired value.

On the other side investing the money needed for everyday needs are really not advisable. How can you hold if you already need the money? Holding is not only for rich people, anyone can do it as long as you're determine and has a set goal. Investing the money you dont need for long period so you wont be tempted to sell.

if the holder is not a rich person then that is the risk he has to accept, holder is a winner is stupid words,
if you believe that then you are wrong, if you enter the current price everything is already expensive! yes I know people who say that are people who have bought them at a cheap price!
Then what if you bought Ethereum at $ 4000? Holder is a winner? LoL

carlfebz2

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Quote from: Smartvirus on May 19, 2021, 04:35:08 PM

Out of the greatest risk comes the greatest reward, so they say. Hodling itself might not seem like a very great risk as far as cryptos like bitcoin is concerned but, its got a risk factor too. That is in the sense that, it could go down and never come up again. Is that even possible? I doubt, it especially for bitcoin. On other coins, it just might but bitcoin seems a lot far from it. Well, thats one issue with holding then,
You can talk of the of the daily needs. As long as one is living, there would always be a need that requires satisfying and which ever investment avail to the individual is a great source. As to this fact, a lot of persons finds it extremely difficult to hold a coin for over 365days.

Only to those who do have great faith and trust on a certain project is to those someone who could really make out the resistance of panic selling specially into these kind of times where the market is on deep reds.

Holding is not really an easy thing if you are a type of person which is a bit impulsive on making out decisions basing or seeing current events in the market.

If you cant hold then its better to make out shorter trades and now is the best time to buy out some coins which are on sale. Wink

Smartvirus

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Out of the greatest risk comes the greatest reward, so they say. Hodling itself might not seem like a very great risk as far as cryptos like bitcoin is concerned but, its got a risk factor too. That is in the sense that, it could go down and never come up again. Is that even possible? I doubt, it especially for bitcoin. On other coins, it just might but bitcoin seems a lot far from it. Well, thats one issue with holding then,
You can talk of the of the daily needs. As long as one is living, there would always be a need that requires satisfying and which ever investment avail to the individual is a great source. As to this fact, a lot of persons finds it extremely difficult to hold a coin for over 365days.

lienfaye

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Quote from: kapalmabur on May 19, 2021, 04:11:21 PM

if you use money for everyday life and buy crypto currency only for HOLD, of course it is sad,
HOLD can not necessarily make you rich mate, look now on the market, if you buy Bitcoin at $ 50k now you can only cry ,
because Bitcoin dumps 40% a day, it's sad, isn't it?

Thats the risk of buying at peak price since the market is unpredicted. However as long as you dont sell, your asset is still intact, you dont lose anything and thats the importance of holding. Wait patiently until the price reach your desired value.

On the other side investing the money needed for everyday needs are really not advisable. How can you hold if you already need the money? Holding is not only for rich people, anyone can do it as long as you're determine and has a set goal. Investing the money you dont need for long period so you wont be tempted to sell.

kapalmabur

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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.

if you use money for everyday life and buy crypto currency only for HOLD, of course it is sad,
HOLD can not necessarily make you rich mate, look now on the market, if you buy Bitcoin at $ 50k now you can only cry ,
because Bitcoin dumps 40% a day, it's sad, isn't it?

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Quote from: ahsanif on May 19, 2021, 05:58:20 AM

depending on the situation, for example when reach all time higher then there's a drop it will be difficult to keep holding because people will think of taking a profit but i recommend don't sell all asset

Why would you sell when the prices drop when you could've sold when the prices reached the all time high. Also you are right that it depends on the situation but sometimes what's currently happening sometimes isn't the right time to sell. Only way to hodl for a long-term is if you have other means of making money so you won't have to use your bitcoin.

Topic: holding is not an easy thing - page 13. (Read 2511 times)