holding is not an easy thing - page 16.

livingfree

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

for the rich, I think they can do that.

It's easier for them but it doesn't mean that they're the only ones that can do it. Even not for the rich people but has a firm plan to hold it, they can hold it until they decide to sell it.

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

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.

You only hold the amount for a long time that you don't have to think of spending any time soon. Because if you're holding an amount and you've got plans to sell it as soon as possible, you can still do that but make sure that there's something left to hold.

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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.

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.

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Quote from: Vaskiy on May 10, 2021, 10:08:38 AM

With cryptocurrency holding plays a big role, because we don't know when the market is gonna turn bullish.

Yeah right, it's the timing that you need to understand, holding is very essential to earn more from this industry if you fully ynderstand everything regarding to this business.

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So, user who can able to hold atleast for three years of time makes the best out of holding.

if the project is really solid, and there are many good foundations, taking that long is still considerable to wait.

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Recently one of my friend who is into stock market investments got into cryptocurrency investment. He has started to accumulate little by little and his focus is profiting by 2026. This is how holding time period needs to be.

That right attitude and mentality, you are not seeing this business as a short passage way but you are seeing it as a good foundation of your future, investment needs to have a clear mindsets in reaching your goals.

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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, I totally agree with you mate, cus personally, am in this category and have experienced this situation many times, there are many coins I have sold in other to raise money to solve life's problems which if I still hold those coins today, I would solve thousands of bigger problems and still be a very rich man, it's just what it is and sometimes, I really feel very bad for myself cus I see ownership of this coins as an opportunities God have given me to become financially successful but when life happens, and you have no one to help you or assist you to solve the problems, one have no choice but to throw that opportunity away, which always ends in regrets though.
But we must try our best to break out of this circle, if the rich can buy and forget for years, we should try our best to do the same, one first success of doing what the rich does is enough to make us rich and start doing everything other thing as rich people.

Vaskiy

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With cryptocurrency holding plays a big role, because we don't know when the market is gonna turn bullish. So, user who can able to hold atleast for three years of time makes the best out of holding. Recently one of my friend who is into stock market investments got into cryptocurrency investment. He has started to accumulate little by little and his focus is profiting by 2026. This is how holding time period needs to be.

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Quote from: Dilerium90 on May 10, 2021, 08:37:43 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 think that long-term investment and holding of cryptocurrency for years is not for everyone. I think it all depends on psychology. I also wanted to hold bitcoin, but I cannot cope with the growth and always sell ahead of time.

It is that because you were always checking your portfolio every day. Try not to do it, then you can say that it was easy when you don't think about anything around. It can be simple if you are also busy with the other stuff but if you are thinking this all the time, it gives you stress.

Anyway, it wasn't necessary to do this if you are in trading. Because what a trader commonly did is to buy and sell, it does all day of trading, and holding is just an option to take when there is something wrong with the market trend.

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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 think that long-term investment and holding of cryptocurrency for years is not for everyone. I think it all depends on psychology. I also wanted to hold bitcoin, but I cannot cope with the growth and always sell ahead of time.

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Quote from: death69 on May 10, 2021, 07:11:03 AM

I think the main reason why people give up holding is that they are too greedy. They can't be patient enough and withdrawing money is the only thing appearing in their mind.

Being greedy is something in the case of you are letting your investment as it is without going for booking profits when you are already around the target levels (due to greediness, investors may modify their targets into higher side).

Still, I agree that investors may go for alternate funding methods for solving their immediate money requirements rather than disturbing long-term investment holdings. But these are all individual driven, it means not all investors are not having same kind of situation hence we cannot make any general conclusion here.

Holding long-term will be easy thing only when we are having proper plan about our target levels and having alternate income stream for other expenses. Managing everything within control must be an important thing for both investors and traders for getting good results from of their investments and trades among all other expenses commitments.

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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.

It is not about the daily needs. You have to first understand how to manage your finance so as to join the investing world. There are many people living under condition but they still stick to the plan and persistently hold a coin without any flux in their mind. They know that by holding, they are able to escape the poverty and improve their living condition

I think the main reason why people give up holding is that they are too greedy. They can't be patient enough and withdrawing money is the only thing appearing in their mind.

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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.

Absolutely correct if you are still new in this game or not knowing about risk management and diversification. My mistake back then when I was a newbie is that I greedily hold too much without having to TP during it’s peak price. As a result, I only cashed out less in my trading rather than it’s peak price. I would rather hold long term coins like BTC, ETH, BNB, etc., with real fundamentals than just the new ones on the market.

ancafe

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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.

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Quote from: rosebrand on May 10, 2021, 04:15:34 AM

I think before investing we should be able to manage the problem at hand and we should also have a target for our investment, if it hits the target then it's left for us to make the decision because most times the coins we sell too early turns out to be the real gem.

I agree it is all about perfect management of money and risk levels. If you are having prior experience about managing your investment against your all commitments then probably you will have better plan to tackle both of your sudden and regular expenses. But most people are ignoring those kind of commitments when they are planning for investments because they are getting excited about future returns they are going to enjoy out of investments which makes them to forget about their regular commitments.

Investment planning must include what we are going to do in case of emergency. Unfortunately most naive investors are not bothering such kind of planning.

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For sure hodling isn't an easy task because you have to Isolate a certain funds for a long period of time in order for it to fetch more profit, what we all need Is profit yes, but so bad some sold out too early and later will turn regretting when that same coin keep performing greatly, well no doubt most people do sell off in order to solve some certain problems which there face, but for me I think before investing we should be able to manage the problem at hand and we should also have a target for our investment, if it hits the target then it's left for us to make the decision because most times the coins we sell too early turns out to be the real gem.

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Quote from: Alucard1 on May 09, 2021, 03:19:13 AM

That is true, holding is really a hard thing, this requires you a good discipline and good management because there are times that people will really need money in unexpected time to the point that they need to pull out their investment to use the money, there are also some who just pull out their investment when they just heard bad news about the currency they are holding, that is not a good thing and that is not a good investor is doing. You have to sacrifice, just think that you dont have money or you don't have investment so that you cannot use it for other things, well this thing is not good if you badly needed a money, but still you are the one who will decide what to do.

when we are holding coins, psychology is the hardest to control, we will feel uncomfortable if the market has grown by hundreds of percent, especially before the price has been dumped. so that we have to train psychology many times in order to mature according to our plans before deciding on long-term investments

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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 for investor and I don't 100% agree that holding is for the rich. I also hold before especially during my time in stock market and I am not rich. But I realize investing is not for me.

Alucard1

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That is true, holding is really a hard thing, this requires you a good discipline and good management because there are times that people will really need money in unexpected time to the point that they need to pull out their investment to use the money, there are also some who just pull out their investment when they just heard bad news about the currency they are holding, that is not a good thing and that is not a good investor is doing. You have to sacrifice, just think that you dont have money or you don't have investment so that you cannot use it for other things, well this thing is not good if you badly needed a money, but still you are the one who will decide what to do.

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There are a lot of people saying that holding a coin just easy because all you need is to wait but again the mental state of the person who holds a coin sometimes does not handle the situation of the ups and downs of the market most of them getting a mental break down unexpectedly due to seeing the market price this is the reason why avoid viewing every time the market because you will get frustrated its good if you have a risk management and strong hands to handle this situation

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Quote from: adzino on May 07, 2021, 03:59:35 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.

It is actually easy if you know what you are doing and have proper knowledge about the market. You buy, store it somewhere safe, forget about it for years and then after few years have a look at it. It shouldn't matter if the price falls when you are holding, after all you invested what you could afford to lose right? If you couldn't bear the loss, why would you even invest in the first place? Moreover, keep this in mind. You don't sell, you don't make any loss.

It's easy if we don't see the market, then we won't be psychologically disturbed, but what becomes a problem when we know the news and remember that we have these assets. and finally we open a wallet, and unconsciously it will disturb us psychologically

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True holders are only for those who have wealth without having to use the coins they have to meet their needs, in contrast to those who rely on the coins they have to fulfill their needs or something that must be realized.
I am one of those people who rely on the coins I have to fulfill my wants, including needs, and I will do it when I really need it if my coins have good potential and it all depends on their own circumstances and situation.
and their aim here is to make things better and help meet their needs and that is their right.

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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.

It is actually easy if you know what you are doing and have proper knowledge about the market. You buy, store it somewhere safe, forget about it for years and then after few years have a look at it. It shouldn't matter if the price falls when you are holding, after all you invested what you could afford to lose right? If you couldn't bear the loss, why would you even invest in the first place? Moreover, keep this in mind. You don't sell, you don't make any loss.

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