It is always better you have a plan over your Bitcoin investment before you invested in it and always try to stick to the plans. Many people get confused because they don't initially have plans for their Bitcoin investment and that is what normally course their panicking whether they should sell or not. Always try to know where you always want to be taking your profit. Asking people to tell you when to sell is not a better idea because nobody is expert in that way, everybody is just saying is own base on their technical analysis views.(knowledge)
Your decision on whether to sell or wait until the price rises even further depends on you. But make an effort to take a seat, reflect, and conduct additional research. No one controls the market price, so it is difficult for anyone to advise whether to sell or not,although it not bull run era but nobody can 90% assure you maybe it will continue maintain the rang of $20k till bull run time or still fall beyond $15k.many people are only speaking about their own experiences.
Topic: How to HODL for long. - page 2. (Read 864 times)
Holding bitcoin for long term is difficult and the only thing that can help you hold for long is setting out your goals and also having an emergency funds.
Using DCA strategy is better when you don't have a very fat bankroll to invest, you invest gradually during the highs and low thereby striking a reasonable average in your investment over time and most importantly, reaching your accumulation target over time with consistency and dedication.
Again as a good bitcoin investor, you seek other ways to make extra money so you do not hurt your investment no matter the pressure. having more emergency funds available is synonymous to having a smooth accumulation journey.
For me, I for like to say if we want to hold bitcoin for long na just to get another means of income, make we no just put our eggs for one basket, that is to say make we no depend on crypto for everything.
Make we also dey invest for other things to enable us settle our bills or problem when we get emergency because if only we get one source of income, e go worry us to save or hold for long, because when we get problems or emergency we go use the ones wey we don save small to settle our bills and also take care of responsibility.
So it's not really easy for us to hold for long because it's our only way of source of income, we should try to have or invest in other things, so that we can hold for long because hold for long it's also good for us in the future.
Make we also dey invest for other things to enable us settle our bills or problem when we get emergency because if only we get one source of income, e go worry us to save or hold for long, because when we get problems or emergency we go use the ones wey we don save small to settle our bills and also take care of responsibility.
So it's not really easy for us to hold for long because it's our only way of source of income, we should try to have or invest in other things, so that we can hold for long because hold for long it's also good for us in the future.
Of all the above mentioned, having having emergency funds can play a more vital role for our accumulating journey, an emergency funds play the role of ensuring that we don't sell our holdings upon sudden panic or emergencies, you know in life one thign is certain and that is unexpected events and that can easily make an unprepared person to sell off his bitcoin, why this is so important is cause any money put in bitcoin is considered gone untill investment time is over.
Well for me , I think this is even the most vital point that needs to be noted , I mean it's very very easy for you to actually touch and sell off your without even thinking twice and besides who would have issues to settle and tell me they wouldn't temper with their coins as they don't have back up funds saved up somewhere for this sort of issues? So it's absolutely paramount to have an external backup funds somewhere to help you tackle issues and aslo save your Bitcoin from being slashed.As a bitcoin investor, you don`t think of eating your investment capital or taking from it before you get to accumulation goal even in rainy days except its highly important probably life and death. Its good to invest in bitcoin but when you are now taking from it before even reaching your accumulation goal then you`re not acting as a good investor who has a set planned goal which is bad because in the end you will notice that you have accumulated or nothing in comparison to your investment plan because you just turn your investment to savings
That's true. That's why it's advisable to invest with funds you don't need for immediate gains😊
Of all the above mentioned, having having emergency funds can play a more vital role for our accumulating journey, an emergency funds play the role of ensuring that we don't sell our holdings upon sudden panic or emergencies, you know in life one thign is certain and that is unexpected events and that can easily make an unprepared person to sell off his bitcoin, why this is so important is cause any money put in bitcoin is considered gone untill investment time is over.
What else can you do but withdraw while you accumulate bitcoins before your portfolio gets a decent size? That is why you need to decide before investing that what should be done in case of such an emergency. Depositing Bitcoin involves keeping a portion of your disposable income for deposit and the majority as floating cash so that you can use that money in an emergency without withdrawing the investment. Also keep more cash to better meet your daily needs. The higher the amount of your floating cash, the more aggressive you can be to accumulate bitcoins. 
Of all the above mentioned, having having emergency funds can play a more vital role for our accumulating journey, an emergency funds play the role of ensuring that we don't sell our holdings upon sudden panic or emergencies, you know in life one thign is certain and that is unexpected events and that can easily make an unprepared person to sell off his bitcoin, why this is so important is cause any money put in bitcoin is considered gone untill investment time is over.
Well for me , I think this is even the most vital point that needs to be noted , I mean it's very very easy for you to actually touch and sell off your without even thinking twice and besides who would have issues to settle and tell me they wouldn't temper with their coins as they don't have back up funds saved up somewhere for this sort of issues? So it's absolutely paramount to have an external backup funds somewhere to help you tackle issues and aslo save your Bitcoin from being slashed.
Of all the above mentioned, having having emergency funds can play a more vital role for our accumulating journey, an emergency funds play the role of ensuring that we don't sell our holdings upon sudden panic or emergencies, you know in life one thign is certain and that is unexpected events and that can easily make an unprepared person to sell off his bitcoin, why this is so important is cause any money put in bitcoin is considered gone untill investment time is over.
For one to be able to hodl his or her Bitcoin for long first of all what he or she needs to do is to make sure there a steady flow of income that having like one or two source of income that will enable you not to temper with your Bitcoin holding one can easily go through there in other to settle some unforeseen circumstances that may arise.
Through the source of income you can decide to set aside some reserve fund and emergency fund incase any need arises you can also use the DCA method which help you accumulate more Bitcoin little by little either weekly or monthly as the case may be.
You are absolutely right mate because as a good investor first thing you need to do is to set up something that will be giving you money every day to avoid touch your Bitcoin investment, although one thing that is really making most people's not to hold their Bitcoin investment for a long term is lack of planning because once you plan your self very well by keeping and emergency fund you we see that it we going to help you not to temper your Bitcoin investment. Through the source of income you can decide to set aside some reserve fund and emergency fund incase any need arises you can also use the DCA method which help you accumulate more Bitcoin little by little either weekly or monthly as the case may be.
Bitcoin journey is the best journey of my life, when I knew about Bitcoin I wanted to invest on it but I had no income because I was still struggling with finance in the university so I decided to save little by little and i saved for a year plus and then started, it was challenging sometimes especially when I had nothing to eat I will remember I have Bitcoin and that I could sell it off.
Every journey starts with the decision to try so the journey of the Bitcoin investment is not a day jobs you have to start with the little amount. And the best Ideal is that since you have not any success of income what to do is that uos for to keep accumulate some of amount of money before starting investing, invest in Bitcoin deserves a lot of patience if you are out of patience is better for you not introduce yourself into that is why people's always given advice that you should learn exprences about the Bitcoin investment.Quote
Holding bitcoin for long term is difficult and the only thing that can help you hold for long is setting out your goals and also having an emergency funds.
When trying to hodl a Bitcoin for long, several qualities must be to practice on the side of the individual, which includes discipline, patience, and a background knowledge of the rudiments of Bitcoin and crypto currencies in general.
Like you have mentioned above other things too needs to be put in to practice such as setting a goal, by setting a goal you have to define investment goals, weather you are holding for a specific price or a specific time, then we talk about understanding how the market works, the market might go in for you and can also go against you, either way it goes you have to be ready for it,
Also using a good and well secured wallet will help keep your Bitcoin safe and secured, and also stay up to date to the happenings and trends in the market and also considering the CDCA.
As a bitcoin investor, you don`t think of eating your investment capital or taking from it before you get to accumulation goal even in rainy days except its highly important probably life and death. Its good to invest in bitcoin but when you are now taking from it before even reaching your accumulation goal then you`re not acting as a good investor who has a set planned goal which is bad because in the end you will notice that you have accumulated or nothing in comparison to your investment plan because you just turn your investment to savings
Exactly, before you begin your bitcoin investment, you should invest for the long term, not hoping that whatever comes your way would touch your investment money and cure your problem. That is why it is best to have a steady income before you engage in crypto investment. I've noticed that some people who receive funds will try to invest them without leaving them for the long term because they only want to invest for the short term and think they'll make a profit, and they don't have any other source of income, so if an emergency arises, they sell the coin and may lose or profit. If you want to start your investment, the first thing you need to get is a source of income so that anytime you get problem to solve, You will not touch your investment instead, you will use the personal money you have collected as a source of income to fix the problem. Because if you invest in bitcoin for the short term, I don't think you will profitable from it. Any money you put in bitcoin or other coins should be for the long term, not for the short term, and if you have not met your aim, simply leave because touching your investment will not result in an improvement.
Quote from: Zackz5000
To hodl for long no really dey easy ooh enough patient go really dey involve because Bitcoin investment is more profitable when it is been sighted for a longer term like 4 to 10 years and above and for this to be achieve patient must be involved, and it also advisable to invest that which you can afford to loss and for one to achieve holding Bitcoin for long one must set aside a reserve, emergency and float fund in case there is any unforeseen circumstances that may arise so you won't touch your Bitcoin hodling when this needs may arise.
If you plan your resources well, is very easy to hodl your coins like 4 or 10 years because you need to have other sources of income you will be using to sustain yourself till the price of your desire occurs before you can sell to make profits. Yes, when you involve patience in your hodling, it will allow you to see the end of bear season which is a season of hodling not to experience losses in your investment, because if you sell in the bear season, it will not allow you to accumulate profits like long term hodlers.
That is why is advisable to invest what you can afford to lose because anything can happen that will make you to loss, but never you give up on your investment, because you can use another opportunity to recover all that you have loss in the past which is another advantage of hodling your BTC for long .
For one not to have the crypto market and its volatility confusing to them that will make them sell at loss price, em better make them have the basic knowledge of crypto before starting up their bitcoin journey so
Just the perfect word for those who are new. You see, so many people thinks that you need to acquire the depth of knowledge before you can hold a Bitcoin, which shouldn't be the case. Take a good look at the country, where we have so many uneducated but smart people who are willing to learn. The basics won't be difficult for them at all, moreover our digital device has literally become part of us, making it very easy to learn. Signals and candle sticks might not be as important to them, as we can easily identify when there is an increase in price and a decline through the current situation of the country. Which means bull and bear market won't be that difficult either.
The part were you mentioned getting a side job/side hustle is as important as well. Side hustle act as a substantial way to support your investment. When you have other available funds, the temptation to mess around with your investment is reduced.
Bitcoin journey is the best journey of my life, when I knew about Bitcoin I wanted to invest on it but I hard no income because I was still struggling with finance in the university so I decided to save little by little and i saved for a year plus and then started, it was challenging sometimes especially when I had nothing to eat I will remember I have Bitcoin and that I could sell it off.
Above all, get a job or a side hustle when venturing into bitcoin investment, cos that will help you not to sell your bitcoin at any time when you have no funds to cater for your self when finances are low.Bitcoin investment and its volatility can be frustrating and confusing for peso wey no understand how the crypto market be, as for the right time to enter the market(bearish market) and the right to take profits(bull run).
For one not to have the crypto market and its volatility confusing to them that will make them sell at loss price, em better make them have the basic knowledge of crypto before starting up their bitcoin journey so
Long time holding is a core deal for any good investor in the BTC as the results is always impressive. Op all you mentioned is very important to help whoever with the desire to hold actualize the dream, as many has made mentioned which is not too far from my idea, any investment which the investor is hoping to take income from there to run daily activities or needs hardly withstand long term holding one need set outside element that kill long term holding practice by profiling solution like emergency fund , reserve fund and diversify other means if income as this could promote and keep the investment running untouched.
Nobody fit hold investment for long time without emergency funds. This emergency funds just be like say na im be the fuel wey dey sustain investments. As car no dey fit move without fuel, na so investment no fit survive without emergency funds or other source of income. Na this emergency funds dey fuck people up we be say dem no dey fit hold their bitcoin for long. As e be like this ba, no be every body get the idea of this emergency funds something. But e good as this forum don open people eye. 
Long time holding is a core deal for any good investor in the BTC as the results is always impressive. Op all you mentioned is very important to help whoever with the desire to hold actualize the dream, as many has made mentioned which is not too far from my idea, any investment which the investor is hoping to take income from there to run daily activities or needs hardly withstand long term holding one need set outside element that kill long term holding practice by profiling solution like emergency fund , reserve fund and diversify other means if income as this could promote and keep the investment running untouched.
Omo to HODL Bitcoin for long don be the matter of discussion for long since because na watin people known as the early investors dem take cash out massively and the good thing about Bitcoin be say no matter what even till now you still fit hold am for long especially if you no how to plan yourself well because if you rush into investing in Bitcoin without having a good strategy then you might end up regretting because as your money fit increase na the same way your money sef fit take reduce wey fit come make you frustrate sell am off if you no get mind na make dem get the saying dat CRYPTO IS NOT FOR THE WEAK.If anyone does their research properly before deciding to HoDL long term, they would understand that HODLing requires a steady fraction of income at a time either quarterly or monthly or depending on ones convenience.
Long time holding is a core deal for any good investor in the BTC as the results is always impressive. Op all you mentioned is very important to help whoever with the desire to hold actualize the dream, as many has made mentioned which is not too far from my idea, any investment which the investor is hoping to take income from there to run daily activities or needs hardly withstand long term holding one need set outside element that kill long term holding practice by profiling solution like emergency fund , reserve fund and diversify other means if income as this could promote and keep the investment running untouched.
Omo to HODL Bitcoin for long don be the matter of discussion for long since because na watin people known as the early investors dem take cash out massively and the good thing about Bitcoin be say no matter what even till now you still fit hold am for long especially if you no how to plan yourself well because if you rush into investing in Bitcoin without having a good strategy then you might end up regretting because as your money fit increase na the same way your money sef fit take reduce wey fit come make you frustrate sell am off if you no get mind na make dem get the saying dat CRYPTO IS NOT FOR THE WEAK.
Long time holding is a core deal for any good investor in the BTC as the results is always impressive. Op all you mentioned is very important to help whoever with the desire to hold actualize the dream, as many has made mentioned which is not too far from my idea, any investment which the investor is hoping to take income from there to run daily activities or needs hardly withstand long term holding one need set outside element that kill long term holding practice by profiling solution like emergency fund , reserve fund and diversify other means if income as this could promote and keep the investment running untouched.
Hodling bitcoin for a long time investment is not difficult because all what you have to do is to prepare your capital which you want to invest in and buy bitcoin in the bear market and start the journey of hodling. And if you don't want to buy at once then you can set DCA method to buy bitcoin daily, weekly and monthly. You can select any one that is convenience with you to invest. And when you do invest, you can buy a phone which you can use as airgapped wallet so that you won't disturb yourself to check your wallet everytime.
Even though you don't have a steady income, you can still use the DCA method to accumulate more bitcoin every week. Whenever you hustle something out then you save small to buy bitcoin and that is how you will be doing to accumulate bitcoin until your portfolio go matured. And that is the start small to end big statement.
Even though you don't have a steady income, you can still use the DCA method to accumulate more bitcoin every week. Whenever you hustle something out then you save small to buy bitcoin and that is how you will be doing to accumulate bitcoin until your portfolio go matured. And that is the start small to end big statement.
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