holding is not an easy thing - page 9.

Golftech

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Quote from: South Park on July 30, 2021, 06:25:26 PM

Quote from: arditiyan on July 27, 2021, 03:23:00 AM

For anyone holding must be consistent because holding requires a good consistent attitude. Crypto market conditions are very unstable, you must be prepared and should not be exposed to any issues including panic selling and the like that end up selling your assets. so in my opinion the holder must survive and be ready for any conditions

One of the great problems with holding is that it seems deceptively simple, after all what it can be so hard about buying bitcoin and then keep it? Well things are more complex than that especially if we take into account that thanks to the volatility of bitcoin its price can go down really fast and suddenly you find yourself facing massive losses and then you have to endure these conditions for months or even years, this makes a great deal of people to fail on their goal to become long term holders, losing money they could not afford to lose in the process.

If they keep looking inside their porfolio even they are aimng for long term goals, it's unavoidable that they'll failed,

but if they will not do that and they stick with the plan, buy and hold or buy then set your target selling price, forget

about your trade or visit and check it once in a while just to make sure your assets are safely stored.

South Park

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Quote from: arditiyan on July 27, 2021, 03:23:00 AM

For anyone holding must be consistent because holding requires a good consistent attitude. Crypto market conditions are very unstable, you must be prepared and should not be exposed to any issues including panic selling and the like that end up selling your assets. so in my opinion the holder must survive and be ready for any conditions

One of the great problems with holding is that it seems deceptively simple, after all what it can be so hard about buying bitcoin and then keep it? Well things are more complex than that especially if we take into account that thanks to the volatility of bitcoin its price can go down really fast and suddenly you find yourself facing massive losses and then you have to endure these conditions for months or even years, this makes a great deal of people to fail on their goal to become long term holders, losing money they could not afford to lose in the process.

chikading2016

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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 you are right mate, I have experience a lot of disappointment by selling off my holdings and after a few months it rises almost 2x higher than the price that I sell. That was really painful for me but there nothing o can do I need to pay my daily expenses. So I also believe that holding is only for people who are rich.

LUCKMCFLY

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This thread seems very interesting to me because normally it is very easy to say or recommend HODL, but when you have money in the market and you see some falls or that you are losing 20-30% of your investment it is a matter of concern, you just have to be nervous made of steel, because it is natural to always be looking for news that talks about the market and when you come across bad news that usually causes a lot of stress to investors.
That is why it is always recommended to make the investment and not review any of the news, and wait a long time until a great upward movement can occur, sometimes Warren Buffet's books are the ones that best teach to have confidence in investments. In these moments of the market, some freshness and tranquility usually enter, but it is necessary to continue monitoring the movements of BTC.

lepbagong

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Quote from: djgtr on July 28, 2021, 06:59:59 AM

Holding is easy to those who have a good source of income. If I have a daily source of income I can maybe hold a coin for long time but if the we doesn't have a good source of income for our daily needs it has a great possibility that we cannot hold a coin for a long time. Because we need to sell some coin or convert it to fiat for our daily needs.

indeed the big problem is if we don't have more funds to buy coins and haven't gotten the appropriate profit then we can't hold it for too long. when we get a little profit, we immediately sell it and turn it into fiat for more important needs.

I am also the same as you, can't hold on too long for each coin even though the coin has a pretty good prospect though. can be sure to be sold when the price feels good and not trying to wait and hold until the price is even better, because the need is more important than holding it in any longer.

cheezcarls

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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.

Indeed. Although holding is still a good thing for major coins like Bitcoin, Ethereum, BNB, Cardano, etc., but that is if you put an amount that is considered “dead money” in your eyes or simply what you can afford to lose. Risk management is still necessary right now and I certainly believe that even if it’s just a small profit, learn to appreciate it.

djgtr

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Holding is easy to those who have a good source of income. If I have a daily source of income I can maybe hold a coin for long time but if the we doesn't have a good source of income for our daily needs it has a great possibility that we cannot hold a coin for a long time. Because we need to sell some coin or convert it to fiat for our daily needs.

Hobo66

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Yes Holding need great patience . simetime it take 6 month to give you 2x. For professional trader the best bet is day trading, you can earn a consistent weekly income. Become a member of a crypto platform. Your money grows everyday without losses, the best thing is that you don't have to watch it like most investors. It sits there and grow with our trading analysis

Varunee

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Quote from: Jaycee99 on May 02, 2021, 06:42:41 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.

Only the rich can who can afford to buy and forget? yes maybe as well as the saying "Buy only what you are ready to lose" when it comes to investments.

Holding bitcoin or any other investments is that you are mentally ready for losses and thoughts like bitcoin going down and up back to its value 30k and it's really painful for those people (For example)who bought it on 40k and the value drop on 30k.

Or if you did not make any research in holding bitcoin well there is a first time for everything experiences is the best way to learn. Like a saying goes "Learn from your mistakes" and we all know that when we make mistakes we tend not to do it again and make something better out of it.

Yes I agree with you 👍 I too feel the same and I have seen that one of my friend lost his money in some investment and he had no money left and also he had no source of income, then he had only one option left that he had to sell the bitcoin so that he can invest again. Holding bitcoin is not an easy task to everyone .

Traderbtcc

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Quote from: Hobo66 on July 27, 2021, 01:22:06 PM

the best bet is day trading, you can earn a consistent weekly income. Become a member of a crypto platform. Your money grows everyday without losses, the best thing is that you don't have to watch it like most investors. It sits there and grow with our trading analysis

I doubt if day trading is the best bet, cause I have tried it before and it didn't end well I lost countless times , day trade is much more risky than swing trading, since alot can happen in just a day, swing trading is much more safer since you just buy and hold for short term maybe a week or two before you selling, day trading carries way no too many losses just one loss and you could be rekt, so far swing trading has worked for me and that's the strategy I would advice anyone to use.

stomachgrowls

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Quote from: ?? on ??

Quote from: arditiyan on July 27, 2021, 03:23:00 AM

For anyone holding must be consistent because holding requires a good consistent attitude. Crypto market conditions are very unstable, you must be prepared and should not be exposed to any issues including panic selling and the like that end up selling your assets. so in my opinion the holder must survive and be ready for any conditions

strong faith with your instinct not easy but it's doable for those who's determine to keep their holdings on hold, maximizing profits if you are aiming for it, then you need to learn how to sacrifies your emotions.

Think clearly and stay with your plan, never to move just because you see that there are many who are rushing to sell their assets, it wont help you but instead it may lead you to lose your money.

Really doable and we have seen those hodlers who had make out big profits or become millionaires on just simply holding which i can say that it wasnt really been an easy thing because there are
several factors that would really affect on someones decision or mind.

1. Dumping market
2. Presuming peak price
3. Personal or emergency need of funds
....

This is something that would really be hard to resist if you arent that dedicated.

Hobo66

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the best bet is day trading, you can earn a consistent weekly income. Become a member of a crypto platform. Your money grows everyday without losses, the best thing is that you don't have to watch it like most investors. It sits there and grow with our trading analysis

AakZaki

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Quote from: dustboy on July 26, 2021, 06:12:41 AM

~snip~

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.

Indeed it requires great patience. But there is the most important thing in an activity to be a Holder. You must have the ultimate goal of what you hold. Because some people have their own problems. Hold because the price is cheaper than the purchase price. Hold because the price is cheap and want to let go when the price is high. Everything can't just be done, it takes practice and in-depth analysis. In addition, you need to prepare a backup plan if it is beyond the expectations of your hold plan.

Rehan Zakir

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I agree with your opinion. Sometimes we sell coins at very cheap prices and after some days the price goes up. It is because when we fulfill our basic expenses from crypto trading. And sometimes we buy a coin with our whole investment and the coin goes down and down then we face this situation to sell the coins at buying prices or below buying price. So, make your own strategies for trading and holding is not an easy job. Sometimes project crashes and our investment will struck.

arditiyan

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For anyone holding must be consistent because holding requires a good consistent attitude. Crypto market conditions are very unstable, you must be prepared and should not be exposed to any issues including panic selling and the like that end up selling your assets. so in my opinion the holder must survive and be ready for any conditions

Anamika1000

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The daily needs of an individual stop him from holding and the main point is that it can be better for the person to have short term coins and get the profit from these short term profitable coin, it would be better for the person who can't hold due to some issues.

checkmatesir

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Holding depends on the person daily needs. Although we know that patience is very important in trading. Some people have the capacity of holding and they don't want to do and conversely some people have the ability to hold but their daily need stop them from doing that.

onecall123

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Quote from: lalabotax on July 26, 2021, 03:35:54 PM

Quote from: ?? on ??

they have ambitions to double their money, or many of them are willing to borrow money to invest in cryptocurrencies.

Expecting to earn more money is okay, but risking your daily funds or take a loan is a bad idea. You must realize the risk of losing bigger money if your investment in crypto is failed. You don't get anything, losing money in the investment, and should be responsible to pay the loan. You will be more stressed or even depressed than you only lose your extra money (amount of money that you can afford to lose).

If you're skilled enough to read the market, it's OK. Every person's risk management and skill level is different. To gain experience, I made many risky plays and lost a lot of money. Almost everyone wants to succeed with their strategy. Each person is unique. That's fine if you want to play it safe. You decide what works for you! You want to invest buy-and-hold for a long time.

Cherylstar86

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Quote from: lalabotax on July 26, 2021, 03:35:54 PM

Quote from: ?? on ??

they have ambitions to double their money, or many of them are willing to borrow money to invest in cryptocurrencies.

Expecting to earn more money is okay, but risking your daily funds or take a loan is a bad idea. You must realize the risk of losing bigger money if your investment in crypto is failed. You don't get anything, losing money in the investment, and should be responsible to pay the loan. You will be more stressed or even depressed than you only lose your extra money (amount of money that you can afford to lose).

Indeed. It's okay to expect and earn money even how huge it is as long as you don't risk your daily funds or take a loan just to earn without even knowing how risk it is. Some traders maybe sold their coins for such a short period of time maybe because of their needs or else they need that money immediately. Holding is a passion and a skill, there are people who are fortunate to get on this early and hold through heel and some circumstances push them towards selling early. Learning on how to hold is very important to avoid stressed or even depressed than losing such a huge amount of money.

lalabotax

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Quote from: ?? on ??

they have ambitions to double their money, or many of them are willing to borrow money to invest in cryptocurrencies.

Expecting to earn more money is okay, but risking your daily funds or take a loan is a bad idea. You must realize the risk of losing bigger money if your investment in crypto is failed. You don't get anything, losing money in the investment, and should be responsible to pay the loan. You will be more stressed or even depressed than you only lose your extra money (amount of money that you can afford to lose).

Topic: holding is not an easy thing - page 9. (Read 2511 times)