holding is not an easy thing - page 15.

DoublerHunter

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Quote from: cabron on May 14, 2021, 06:49:23 PM

The poor can't think out of the box because to earn more money, they are busy trying to live. The funds they earn every day are enough only for the supply the next day while the rich can already find ways to make cheaper ways to pay their bills and transportation.

Holding won't be easy when they see they have nothing to eat next month if the jobs run out. Of nothing to spend the next day.

^ Definitely right, because we are all humans that need financials every now and then, when we are running out of our money, we always think about what we saved just to spend. That is why we always advise the investors that always invest of what they can afford. Even 2% of their source of income invest and hold in BTC and other cryptos as long as it is wont hurt to the whole month of your budget.
Holding is not just really easy but at least when you needed it most, it will fulfill your necessities, uninspected or for emergency purposes.

JooBra

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Quote from: ven7net on May 15, 2021, 02:53:28 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.

I also very often ask this question, because I also have to sell my crypto assets in order to satisfy my vital needs and of course I am very glad that I have already managed to make money on cryptocurrencies and buy the necessary things for life. However, as you noticed after the sale of your crypto asset, the price for it grows and then rarely, but the question arises, maybe it was not worth selling? But fortunately for myself, I have already clearly determined that everything that I sold it had to be sold, and then what I would earn, I’ll see what to do, perhaps I will still hold on to some of the crypto assets. In any case, it is very difficult for ordinary people to defend cryptocurrency, since we constantly need money to live, which means that sooner or later we will sell our cryptocurrencies anyway.

Happened to me too a lot of times. But those are priorities that we sell it for. I never sold it until I really need it. On that side I'm glad I had done it since it made life easier. Now it's bothering to see those coins go up but we need to be grateful for what we got from it.

ven7net

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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 also very often ask this question, because I also have to sell my crypto assets in order to satisfy my vital needs and of course I am very glad that I have already managed to make money on cryptocurrencies and buy the necessary things for life. However, as you noticed after the sale of your crypto asset, the price for it grows and then rarely, but the question arises, maybe it was not worth selling? But fortunately for myself, I have already clearly determined that everything that I sold it had to be sold, and then what I would earn, I’ll see what to do, perhaps I will still hold on to some of the crypto assets. In any case, it is very difficult for ordinary people to defend cryptocurrency, since we constantly need money to live, which means that sooner or later we will sell our cryptocurrencies anyway.

cabron

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The poor can't think out of the box because to earn more money, they are busy trying to live. The funds they earn every day are enough only for the supply the next day while the rich can already find ways to make cheaper ways to pay their bills and transportation.

Holding won't be easy when they see they have nothing to eat next month if the jobs run out. Of nothing to spend the next day.

hulla

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Quote from: lixer on May 12, 2021, 04:03:34 PM

Quote from: hulla on May 10, 2021, 01:40:04 PM

Holding cryptocurrency is easy and it not about been rich, it about human understanding and discipline between financial needs and saving. However, having the thought that you kept some coins somewhere is the reason why you later sell it but if you stake such coin for years if you can hold it by yourself that will solve the problem.

Well, I don't think a moderately earning person can afford to hold some 10 Bitcoins which he purchased at let's say $1k and if the price reaches 10k, I don't think he can hold for too long, and watching it reach $50k after selling is going to make his decision look bad but in reality, it isn't.

Accepted and this is the reason why the staking of Bitcoin comes in which is what some people use before now and they are enjoining themselves now.

Quote from: lixer on May 12, 2021, 04:03:34 PM

For that reason which is true for most people here, I guess I need to agree with OP completely. In some sense holding is only suitable for very rich people and this may be the one of the reason why people always says rich are getting easy chance to become more richer Roll Eyes

.

I agree the rich have easy chance to become richer but same has regular people who always think outside the box and welcome new innovation technology.

blackened515

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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.

You are right about your point stated there mate, holding is the most profitable part of the cryptocurrency but that's the part major people find it hard and to invest in and that's why they keep becoming broke everyday. If you can not hodl, you can be rich, I will talk about how to avoid touching your moneyvin investments.

lixer

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Quote from: hulla on May 10, 2021, 01:40:04 PM

Holding cryptocurrency is easy and it not about been rich, it about human understanding and discipline between financial needs and saving. However, having the thought that you kept some coins somewhere is the reason why you later sell it but if you stake such coin for years if you can hold it by yourself that will solve the problem.

Well, I don't think a moderately earning person can afford to hold some 10 Bitcoins which he purchased at let's say $1k and if the price reaches 10k, I don't think he can hold for too long, and watching it reach $50k after selling is going to make his decision look bad but in reality, it isn't.

For that reason which is true for most people here, I guess I need to agree with OP completely. In some sense holding is only suitable for very rich people and this may be the one of the reason why people always says rich are getting easy chance to become more richer Roll Eyes

.

tbterryboy

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Quote from: ancafe on May 10, 2021, 05:49:15 AM

for the rich, I think they can do that. however, I agree that when we hold assets in the long run, the first hurdle we face is the daily needs we have. however, it is very difficult to stop, and encourages us to sell our assets, even at low prices. What's worse is, when we sell the assets we have, the price goes up.

And this has happened with almost every one of us, I had some million doge coins and I sold them for dirt cheap prices and now I have nothing but regrets. Although I know that it might have actually turned into dirt and dogecoin might have finished by now if Elon didn't support it out of anywhere so I feel bad but I don't think I made any mistake selling them in past.

Holding requires you to have financial freedom which not everyone can afford and at some point, we are tempted to sell the coins even though there is a fear of missing massive value in future.

perfect999

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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.

Look to answer this question, one needs to understand how much they have frozen cash and how much funds they have liquid which needs to be flowing and cannot be frozen.

If you have any frozen funds, you can invest them into any crypto arguably bitcoin and forget about them for years.

The liquid funds you can use for trading, which means you can buy any asset or coin at a cheap price and then sell it at a pre-determined price without the regret of price jumping high.

Just set your priorities and decide how you want to approach trading, it is really easy once you allocate the right amount of funds towards the right coin.

Fatunad

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Quote from: AicecreaME on May 12, 2021, 09:37:13 AM

I've experienced this kind of situation too, but simply hodling your coins won't get you anywhere. The passive profits you gets in holding your coins is limited, unlike if you do trading, you can maximize your profits, or lose it, depends on your skills in Trading. If you're gonna invest your whole money in cryptocurrency, better to have a job and not rely on your investment in cryptocurrency if you don't want to lose your profits in the long run.

If you have a $1000, invest the $500 on Bitcoin and start your business using that $500, and invest your profits in your business in Bitcoin little by little, that's how you do it.

One thing that also comes into my mind on where you can really make out some comparison in between when you do held off your funds or making some trades with it.
You can really say that trading does really give out that kind of opportunity for you to make profits in a short time without the need of holding for it in years.
But actually this is on self preference because not all could really deal off with the risk involved on actively making out some trades and facing volatility in day to day basis.
This is why some would really just tend to hold off no matter what.

gamer4156

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I proceeded onward on the grounds that I realize it was an incredible assistance for me in ready to tackled the monetary issue during around then. At the point when the every day schedules tackle your monetary then sadly we need to utilize the investment funds from our various sources like holding resources. The economy found us napping actually so if its conceivable to land two positions while you contribute a tad bit of your pay to BTC will in any case be worth and this is the place where you truly can hold unquestionably.

AicecreaME

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I've experienced this kind of situation too, but simply hodling your coins won't get you anywhere. The passive profits you gets in holding your coins is limited, unlike if you do trading, you can maximize your profits, or lose it, depends on your skills in Trading. If you're gonna invest your whole money in cryptocurrency, better to have a job and not rely on your investment in cryptocurrency if you don't want to lose your profits in the long run.

If you have a $1000, invest the $500 on Bitcoin and start your business using that $500, and invest your profits in your business in Bitcoin little by little, that's how you do it.

SacriFries11

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Quote from: ancafe on May 10, 2021, 05:49:15 AM

for the rich, I think they can do that. however, I agree that when we hold assets in the long run, the first hurdle we face is the daily needs we have. however, it is very difficult to stop, and encourages us to sell our assets, even at low prices. What's worse is, when we sell the assets we have, the price goes up.

For the people that have short funds, they need to have stable job in order for them not to sell their investment. It's one of the reason why people cannot hold their tokens for the long run. I prefer to sell small amount of my funds if I'm satisfied with the profit that I gained and just buy again when I have funds. I have sold most of my tokens back in 2018 but I didn't regret it.

sarmrakib

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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.

Same thing always happen with and make me feel so sad. When i hold i see most of the coin or token get fall down and when i sell it to survive my life its going to rise again. Actually its not our fault as you said what should we really do nothing actually but need to survive .

rhodelmabanal

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Quote from: ashmodeus on May 12, 2021, 01:20:05 AM

its freaking easy if u hold a major coins , just stay away from market and always confident, u will get it , the hard thing its hold a hype token , for example , banana from apeswap , i've farmed it since the beginning , but because the FUD its everywhere , especialy many many rug pull happened on that time, i am not dare to hold it even for 2 days.

I agree on that we can hold coins and forget about it if we have work and a minimum salary, it is also depends on our confidence about the coins that we are going to buy and hold, because there are coins that is really good for holding like bitcoin imagine I we buy and hold bitcoin for 11 years maybe we can now one of the millionaire in crypto.

ashmodeus

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its freaking easy if u hold a major coins , just stay away from market and always confident, u will get it , the hard thing its hold a hype token , for example , banana from apeswap , i've farmed it since the beginning , but because the FUD its everywhere , especialy many many rug pull happened on that time, i am not dare to hold it even for 2 days.

hulla

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Quote from: carlfebz2 on May 10, 2021, 05:34:40 PM

Quote from: hulla on May 10, 2021, 01:40:04 PM

Quote from: ancafe on May 10, 2021, 05:49:15 AM

for the rich, I think they can do that. however, I agree that when we hold assets in the long run, the first hurdle we face is the daily needs we have. however, it is very difficult to stop, and encourages us to sell our assets, even at low prices. What's worse is, when we sell the assets we have, the price goes up.

Holding cryptocurrency is easy and it not about been rich, it about human understanding and discipline between financial needs and saving. However, having the thought that you kept some coins somewhere is the reason why you later sell it but if you stake such coin for years if you can hold it by yourself that will solve the problem.

Even though we can say that being rich isnt always a factor but it cant be denied that if you do have this kind of advantage you can almost do everything without worrying much because you know that your pocket
is way more deep compared into others which means you can expand nor able to adjust if you wanted to.

Its right that holding isnt an easy thing if you do have lots of priorities in life which does mean you will be needing some proper planning and self discipline on how you would gonna
follow up your goals in life.

If you do look that this is something had the potential then you would do your best on not to sell it on early but actually this will vary from time to time.

Been rich does give some kind of advantage over others but been rich doesn't judge the span of holding cryptocurrency either if the rich individual didn't have much knowledge about crypto or feel unsafe with his investment he can choose to sell.

Holding is only difficult for people that don't understand wealth or money management and I have a lot of Kiyosaki books which make me understand that have lots of priorities in life doesn't stop me from having some saving/holding.

wiss19

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Quote from: Sled on May 10, 2021, 05:52:53 PM

not only rich people can do this, poor could still do this but it possibly not in the same time frame. As I think that these poor people can just hold for a shorter time than the rich people.

But I believe everyone can plan up for long-term holding when they are allocating funds within available limits. I mean only when you are not bothering about available funds and committing for a loan or anything similar to that, then you will be getting into problems when times come for the re-payment.

So, proper planning will help anyone regardless of they are rich or poor. Because, I have seen many investors were are not having any other resources but successfully managing their long-term bitcoin holding to enjoy massive profits over the period of 4 to 6 years.

Sled

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Rish people have the advantage compared to the poor but I know that many of them have also been struggling hard to do it. of course, that is very easy to say that HOLD, HOLD, but the question is how LONG we can do it. Or we just hold when the market just rising up but automatically we sell it immediately once the market is declining?

Because the truth is that, not only rich people can do this, poor could still do this but it possibly not in the same time frame. As I think that these poor people can just hold for a shorter time than the rich people.

carlfebz2

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Quote from: hulla on May 10, 2021, 01:40:04 PM

Quote from: ancafe on May 10, 2021, 05:49:15 AM

for the rich, I think they can do that. however, I agree that when we hold assets in the long run, the first hurdle we face is the daily needs we have. however, it is very difficult to stop, and encourages us to sell our assets, even at low prices. What's worse is, when we sell the assets we have, the price goes up.

Holding cryptocurrency is easy and it not about been rich, it about human understanding and discipline between financial needs and saving. However, having the thought that you kept some coins somewhere is the reason why you later sell it but if you stake such coin for years if you can hold it by yourself that will solve the problem.

Even though we can say that being rich isnt always a factor but it cant be denied that if you do have this kind of advantage you can almost do everything without worrying much because you know that your pocket
is way more deep compared into others which means you can expand nor able to adjust if you wanted to.

Its right that holding isnt an easy thing if you do have lots of priorities in life which does mean you will be needing some proper planning and self discipline on how you would gonna
follow up your goals in life.

If you do look that this is something had the potential then you would do your best on not to sell it on early but actually this will vary from time to time.

Topic: holding is not an easy thing - page 15. (Read 2511 times)