holding is not an easy thing - page 21.

Kez1817

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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 good not only for the rich people but also for those financially capable and with a lot of patience. Holding is not appropriate to the people who just trade to earn a little profit from their small capital daily. What if the value of token you hold suddenly drop down? Of course you need to wait for it to pump again to avoid loses. It also takes time.

javainn

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Quote from: cabron on May 02, 2021, 06:35:51 PM

Hard to hold when you have nothing else but the BTC you have and if there isn't anywhere you could get money for your everyday needs, you will be forced to sell at a low price instead. It happens to many people including me. The economy caught us off guard really so if its possible to get two jobs while you invest a little of your income to BTC will still be worth and this is where you really can hold confidently.

Therefore, when we see that hold is very difficult to do, we are advised to use idle money, or free money. because our economy does not know the future, so when we need money we are not burdened because we hold

Viscore

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Rich people will be getting richer as they will continue to grow their business and invest more. They never think about spending but most likely they are focus to grow their portfolio which very different from how poor people do. But this doesn't mean those poor people can't do the holding, of course, they can make it but the question is how long they can manage to hold their fund with pulling it out in times of difficulties. In times when we don't have any option to take. This is very challenging on the part of them but for the rich people, it is very easy for them.

blckhawk

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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.

Well, I knew this feeling where you have difficulties holding your money because there will be a time that you need money but you've got nothing so you'd pull your investment and use it. However, you don't need to invest and hold all of your money, diversify your money would be a good solution for this one, the money you should only have to hold in crypto is your savings instead of sitting it in the bank. Besides, you don't need to hold your it for a long time just set your target profit, in that way you won't have a problem managing your funds.

Reid

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Wrong. It's not only for the rich.
It comes down to how you will manage it.

You don't buy coins using your budget for daily needs. You buy them with your excess money instead of keeping them in banks.
That way, you want to make a profit by taking some risk. Fear is what makes others sell. Greed could also be one reason behind it.
I had been holding Ethereum for a long time and it didn't occur to me that this kind of value will happen.
My target was $1k but I didn't sell. Why? Because I don't need it yet, that's my spare money that was used to buy it and now it's still growing.

ReiMomo

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Quote from: Yamifoud on May 03, 2021, 06:31:11 AM

~snip~
The advantage of rich people is having multiple sources of income which makes them not only rely on crypto and they can afford to hold it without even bothering to check their investment.

That is a better advantage for them while investing they had I guess a lot of money, they don't bother to sell their crypto assets because they had a different source of income. They always afford what they invest because for them, that is a small amount aside for their own pocket.

When we are talking about the rich vs poor mindset, it's totally different. Because rich people always think that risking money to have always a great opportunity and ready to commit is rich. They are the very opposite thing.

So basically, investment in crypto was depended on your financial status.

johnwest

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Quote from: hugeblack on May 03, 2021, 06:35:17 AM

holding is not always making a lot of money because most of the altcoins are not worth holding. holding bitcoin is the only profitable in the long run.

As for the strategy, it is to keep spending to a minimum and not to try to spend except in emergency situations such as the illness of a close person or others.
Human behavior towards money and financial intelligence is what determines the success of holding.

Totally agree with you.. It's been my mantra for all these years and this alt season, am gonna sell what I don't need or maybe those who don't deserve to be held. I sold some OKB yesterday and Waves is pumping right now so might be its Waves turn today. Utrust has also pumped with some volume but didn't go up as much as I had expected so waiting for that.

I would probably hold BTC, ETH, and USDT for most of my portfolio, and then it will be BNB and maybe some top alts, that's all.

maxreish

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Its all about in a good management plan. As for me, my daily needs has been separated with my funds of holding. I make sure, when I set a goal profit it will be stick to that plan and will never sell it off at deficit price.

When there are times that I badly needed money for an urgent situation, there is a separate fund for that. However, I understand others that needed to sell off some of their bitcoin to compensate their needs. As long as it is for a better solution, there will always a good chance to accumulate more bitcoin if market corrections occur.

hugeblack

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holding is not always making a lot of money because most of the altcoins are not worth holding. holding bitcoin is the only profitable in the long run.

As for the strategy, it is to keep spending to a minimum and not to try to spend except in emergency situations such as the illness of a close person or others.
Human behavior towards money and financial intelligence is what determines the success of holding.

Yamifoud

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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 really hard when you are not committed to doing it and we can't deny that only a few people are having such kind of mindset while the majority are in the hurry to make money from their investment.

I don't actually agree that holding is for the rich people only, poor people can do as well. But most of the time, poor people will easily give up due to some financial problems and they often sell their investment rather than keep holding. The advantage of rich people is having multiple sources of income which makes them not only rely on crypto and they can afford to hold it without even bothering to check their investment.

OcTradism

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Quote from: joniboini on May 03, 2021, 03:37:59 AM

This statement itself is questionable. If the people need to survive on selling their investment, why would they start investing in the first place?

Pressure is the worst thing you face with for your investment or trading. If you do anything relates to investment or trading under pressure (here I don't mention what is pressure and where is it from), results can be bad as long as you are not a superb professional guy.

Quote from: k@suy on May 03, 2021, 04:49:56 AM

Holding was possible but of course not an easy thing especially if you are very dependable on the ROI of your hodling investment or for a short term investment only.

Value or fundamental investors do prefer holding or hodling. The longer you hold, the better profit you might have. Why the period of holding makes sense or decides the profit you earn?

You can not know when the companies you are investing in do product releases, press releases or any break-out moments. If you hold 1 or 2 years, and such break-out moments (only discuss about new products) in the third year, you miss a great opportunity to exit your investment with very good ROI. Exit in the first or second year can still give you profit but not big.

In cryptocurrency, Ethereum and BNB are very good examples for altcoins. If you hold them in the past 3 or 4 years, you have yet gotten any losses and in fact you have very good ROI.

Quote

Hodling will be the best option for all the investors who doesn't only have investment but they have another source of income to meet their daily needs. And at the same time, you can't rely on the ROI of hodling if you are expecting for an easy ROI because ROI of hodling are a time mannered investment.

Holding or hodling is only good or best if you choose good cryptocurrencies and your choices must be based on fundamental analyses. Any decision that is made arbitrarily and looks like a gambling is not good to hold for any period.

k@suy

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Quote from: OcTradism on May 03, 2021, 01:58:07 AM

Holding means mid-term or long-term so if you give up your holding plans and sell your coins earlier than your original plans, it is easily to explain why your holding ends with a draw, loss or very small profit.

Holding will end with serious losses if you choose a bad coin AND buy at it all time high. When bull market goes away, and bear market comes, your shit coin holding will end with serious loss or zero.

When you do your investigation good enough and you choose good coins for your holding portfolio, you need to keep up with your plans. It is easy or not easy and depends on your personal traits.

If you are disciplined guy, it is easy and oppositely, it will be a hard task.

Holding was possible but of course not an easy thing especially if you are very dependable on the ROI of your hodling investment or for a short term investment only. Hodling will be the best option for all the investors who doesn't only have investment but they have another source of income to meet their daily needs. And at the same time, you can't rely on the ROI of hodling if you are expecting for an easy ROI because ROI of hodling are a time mannered investment.

joniboini

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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.

This statement itself is questionable. If the people need to survive on selling their investment, why would they start investing in the first place? Your worry is somewhat understandable, but as others mentioned, just because you don't make $30k a month doesn't mean you should not invest and hold some shares. If the decrease of the price trouble you, then cut your loss and find other portfolios that are more suitable for your risk appetite.

If spending $1k worries you a lot, maybe you should lower your investment so you can hold with ease. Be smart, find the basket that's right for you, manage your portfolio regularly. If you really want to buy and forget, then just spend $100 or so and gamble it for the next few years.

Wind_FURY

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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.

Life is unfair, but how can an investment “liberate” you from your financial situation if you sell that “investment”? It’s not the “investment’s” fault that it stopped being an “investment” because you need to sell. I believe it’s time for you to think about your current situation, and look for a job, or a second job.

Wexnident

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Just ignore it, not the coins themselves but rather the value. Think of it as something like a collectible, like those pokemon cards you used to collect when you were a kid. Move them to a better place when needed to, and put up enough guarantee that they wouldn't be lost. That's it. Holding becomes difficult if you act like you're bloody gonna get rich in a week or two so you keep on watching the market. I say don't. Holding is called Holding for a reason, it's for a long term, and a very long one at that.

Check the market maybe every month or two, but always stick to the timeframe you were holding for (though its a case-by-case basis imo).

CryptopreneurBrainboss

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I think it all depends on how you started your investment. If you went all in, even borrow money just to invest (which is a wrong approach to investing), then you can get pressured into cashing out your investment before time. Always have reserved funds to fall back to, some call it emergency funds. If you have this then you'll not have to touch your investment until it has matured to your tastes.

If you have $100, don't go investing all, problem is one thing we can't avoid as there is problem that needs money everywhere we go to. Plan yourself, holding isn't just for the Rich. Infact the poor needs it more than the rich.

Holding is very easy to do, you don't basically have to forget about the coins because if you do, it might cause you big loss. 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.

OcTradism

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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.

Holding means mid-term or long-term so if you give up your holding plans and sell your coins earlier than your original plans, it is easily to explain why your holding ends with a draw, loss or very small profit.

Holding will end with serious losses if you choose a bad coin AND buy at it all time high. When bull market goes away, and bear market comes, your shit coin holding will end with serious loss or zero.

When you do your investigation good enough and you choose good coins for your holding portfolio, you need to keep up with your plans. It is easy or not easy and depends on your personal traits.

If you are disciplined guy, it is easy and oppositely, it will be a hard task.

Obito

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It is difficult if you are hodling only one cryptocurrency and you have no other way to make money instead of that coin. Fortunately for me, I have the opportunity to hodl more than one cryptocurrency so whenever the need to take out some money, I just have to choose which one and hodl the other.

airdata

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Yes, i believe that Holding is not easy for Everyone, if Someone want to Hold a coin then i think need More patients. Holding means patients.
If Somebody want to Hold a Coin, then first Can Buy coin and Forget the following coin for Long time and not need to check this Coins price daily or Weekly. Just Buy and Forget this Coin.

GreatArkansas

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

(....)
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.

Anyone can hodl. It's just occasionally and for sure emergency why some people sold their coins. It's likely taking profits if you are doing trading.
For me, I am a long-term hodler of Bitcoins, but at the same time, I treat Bitcoin too as my emergency funds like if there is anything that happens that needed some huge amount of money that I can't afford with my fiat or of my daily source income.
We can't blame those people, as long as they used their funds on good and useful things/services.

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