I think we can hold it in our wallet and we never tempting to sell if the price does not increase so high. maybe we can sell if the price has a good progress for more than 30% so we can make a good profit. I prefer to hold for a long time because, in the future, every coins price can increase higher so it means we can make a lot of profit from the coins.
having careful thing while you are attempting to hold it on your wallet could be your choice to be while you are here in this currency , this is such thing that you may ever have to hold it right but most of it is you can also have to invest it in a best currency that you may also have to choose for while you are holding it there is a possibility of gaining some in the future. 
Topic: How to HODL the right way - page 2. (Read 569 times)
FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us
If you've missed the train, don't run after it. Wait for the next one (next dip). FEAR OF LOSING – you're panic selling and then it pumps back up.
Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.
the key to fear while holding your Altcoin is here, FOMO, FUD, and GREED.
but if you try to avoid these three points maybe you will avoid the name of lost money (Bitcoin).
If you do not have much time, do not have the knowledge of investing, then you wait and check before you invest 1 month market has gone down how many percent. If the market drops sharply then it is time for you to buy. But you should only buy 50% of your money. If the market continues to go down then you keep buying and keep them until the price goes up.
I think we can hold it in our wallet and we never tempting to sell if the price does not increase so high. maybe we can sell if the price has a good progress for more than 30% so we can make a good profit. I prefer to hold for a long time because, in the future, every coins price can increase higher so it means we can make a lot of profit from the coins.
HODL, an intentional typo of "hold," has become the rallying cry for cryptocurrency traders in the face of this recent Bitcoin crash, which has extended to other popular coins like Ethereum and Litecoin.
It's an instruction for traders to, um, "hold" their Bitcoin instead of selling it.
It's an instruction for traders to, um, "hold" their Bitcoin instead of selling it.
Though I was a pro holder but the situations wont be in your side all the time so I suggest people to sell some when the token gets to their all time high values equal to BTC. Dont sell everything at once. If it comes down then dont worry, keep on Hodling.
The method I use most often is to buy a few potential altcoins on the big exchange and then send altcoins on my MEW wallet. And I only watch the price of the crypto market once a month. If my altcoin is increased by more than 70%, then I will decide to sell all and buy other altcoins
You are going well with this strategy and it seems your results are quite satisfactory because your confident talk is evident of it. But brother, don’t you think only investing or trading with altcoin gives you so little money as profit? Don’t you like to get bigger profit ratio at once and in very short time with better results? So get into bitcoin world and make good income for you. 
For me before you hodl, make sure that you have enough resources to sustain you daily and necessary needs. Because if you will start hodling and sooner or later your resources almost consumed then you will have no choice but to use your hodlings. That is why it is very important to have some preparation before you hodl.
Always invest the money you wouldnt afraid to lose. Its like giving away your money to them for free and when the time comes that the market rise up, they will give you the same money for free. If you always think that you doesnt wanted to lose on investment , then that would make you stressed out.
Here are two simple rules my trading mentor who's been in the game for 30 years taught me.
1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.
----
2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).
I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...
If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.
"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"
You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.
1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.
----
2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).
I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...
If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.
"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"
You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.
awesome..
I trading is all about the strategies if you have good strategy then you are a good trader and the strategy must depend on the market conditions if market is down and price of altcoins and bitcoin low than the best thing is to buy more coins from depth and hold the already bought because market situation become down that is why you can get good strategy but according to the strategy,
I think the proper or right way to hold an investment or coin is hold it when the value of it,
in the market cant makes you profitable because it have a low amount or value to be offered to the investors.
in the market cant makes you profitable because it have a low amount or value to be offered to the investors.
Nice one buddy , you made good points.
Like my mentor use to say:
* GREED is bane in trading
* Green candle is meant to test your greed while,
* Red candles are meant to test your patience.
Without good risk management and focused strtegy in trading, we tend to be overwhelmed with greed as long as see those long green candles.
Like my mentor use to say:
* GREED is bane in trading
* Green candle is meant to test your greed while,
* Red candles are meant to test your patience.
Without good risk management and focused strtegy in trading, we tend to be overwhelmed with greed as long as see those long green candles.
Here are two simple rules my trading mentor who's been in the game for 30 years taught me.
1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.
----
2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).
I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...
If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.
"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"
You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.
We still live in a fiat-dominated world where you pay your bills in fiat (USD, EUR, YEN, etc.). So when your bills come but you've put all your money in crypto and it's going down and you kinda have to HODL, how are you going to pay them? I did that just recently and it was pretty tough to fight with my fear of losing and regret that I didn't sell at the peak.
If you don't need the money, great. Leave it in crypto. But the moment you lose a big amount (and this will happen at some point if you are in the game long enough) you will start panic selling and thinking about all the things you could have bought with that money: a trip, your yearly rent, a yacht, 5 years of freedom from work, etc.
A better way is to slowly regain your initial investment and let the profits make profits. Or take as much money as you need to live comfortably if crypto is your main source of income.
This is where the second advice comes in handy.
Take profit, even when it's counter-intuitive.
"This advice comes from many times of sh*#$ing my pants over the years," – experienced traders lose money too but they only come out stronger.
And finally, don't trade under the influence of your emotions:
FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us If you've missed the train, don't run after it. Wait for the next one (next dip).
FEAR OF LOSING – you're panic selling and then it pumps back up. Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.
GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.
I hope this is helpful.
Stay tough! ;-)
I think that at this point you should not continue to hold, you can see that although bitcoin prices are showing signs of a slight recovery but the recovery force is very weak and the bitcoin price can drop sharply at any time. . The market is in the downtrend stage so I think the bitcoin price will continue to fall deep, if you hold then you are likely to suffer heavy losses are huge. 1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.
----
2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).
I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...
If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.
"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"
You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.
We still live in a fiat-dominated world where you pay your bills in fiat (USD, EUR, YEN, etc.). So when your bills come but you've put all your money in crypto and it's going down and you kinda have to HODL, how are you going to pay them? I did that just recently and it was pretty tough to fight with my fear of losing and regret that I didn't sell at the peak.
If you don't need the money, great. Leave it in crypto. But the moment you lose a big amount (and this will happen at some point if you are in the game long enough) you will start panic selling and thinking about all the things you could have bought with that money: a trip, your yearly rent, a yacht, 5 years of freedom from work, etc.
A better way is to slowly regain your initial investment and let the profits make profits. Or take as much money as you need to live comfortably if crypto is your main source of income.
This is where the second advice comes in handy.
Take profit, even when it's counter-intuitive.
"This advice comes from many times of sh*#$ing my pants over the years," – experienced traders lose money too but they only come out stronger.
And finally, don't trade under the influence of your emotions:
FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us
If you've missed the train, don't run after it. Wait for the next one (next dip). FEAR OF LOSING – you're panic selling and then it pumps back up.
Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.
I hope this is helpful.
Stay tough! ;-)
Here are two simple rules my trading mentor who's been in the game for 30 years taught me.
1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.
----
2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).
I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...
If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.
"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"
You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.
1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.
----
2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).
I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...
If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.
"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"
You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.
awesome..
Hodling does not need a guide, that is as simple as Just Hodl in theory, but in practice it can be like trading since following a simple rule is not easy in the life.
holding for long term the best to hold is forget it for a while after a month or depends on your target time prediction in your coins investment and again if there have an progress increasing their price value, if not stay calm and forget it again and just relax surely that idea you can earn profits at the right time.
Yeah if you want to hold, it's better to forget it for a year or a months that you want, then comeback again after the day you target , hold is not simple thing to do because panic selling is always on the other side that's why it's better to forget your coin in a while.
In the situation of the market today, the best thing to do is just to hold right now and forget about the market, because you just might get confused about your decision if you keep on looking at the market prices.
holding for long term the best to hold is forget it for a while after a month or depends on your target time prediction in your coins investment and again if there have an progress increasing their price value, if not stay calm and forget it again and just relax surely that idea you can earn profits at the right time.
Yeah if you want to hold, it's better to forget it for a year or a months that you want, then comeback again after the day you target , hold is not simple thing to do because panic selling is always on the other side that's why it's better to forget your coin in a while.
In the situation of the market today, the best thing to do is just to hold right now and forget about the market, because you just might get confused about your decision if you keep on looking at the market prices.
Absolutely yes your thoughts are correct. Buy a coin that has a possibility to increase someday and trusted too. Because of so many coin you need to be wise in choosing a coin to invest and hold.
Right that market is full of coins but choosing the best among them needs experience and knowledge, before buying some coins try to read the market, see the price graph of every coin then buy, don’t choose the highly expensive coin but the one most of promising, trusted and low price coin as it will give your more profit than the high price and low demand coin, it is good to buy bitcoin now a day because it is at high demand in the market, buy now and hold with patience in your bitcoin wallet safely. FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us
If you've missed the train, don't run after it. Wait for the next one (next dip). FEAR OF LOSING – you're panic selling and then it pumps back up.
Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.
Emotions can really be hard to control when you see yourself you had lost an opportunity to profit.
I was up to buy NEO today after seeing the market had green, price of NEO was just $32 today before it goes $37, I'm surpise that it suddenly grow after just an hour while my deposit transaction weren't confirmed yet. I decided not to buy instead unless it dips back to about $34 or so. This I think I have controled my emotion.
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