Topic: How to hold in peace - page 2. (Read 516 times)

See my suggestions for you to hold with zero worries;

• Buy and Hold with money you wouldn't need in a short term: If you want to hold with zero worries, ensure you buy with somewhat a spare money. Don't use money for your house rent in few months to hold. It will make you panic if the market crashes few weeks to your rent expiration
• Do not buy in a bull market: Timing is of essence for long term holders. A day trader can enter a market at ATH, hoping to exit the market any moment he makes profits. But a long time hodler who bought bitcoin at $60k cannot leave without worries till whenever btc will touch ATH again.
• Be mindful of the coin you buy for long term purpose: Avoid coins which do not have real time utility values. Apart from bitcoin which has proven to be outstanding, atleast in fee years from now coin like Ethereum, bnb will still be in existence because they have utility value. Try as much as you can to avoid meme coins for long term investment.

Stick to Bitcoin (or may be ethereum) and dca to hold without worries.

If this is what you want to do:
Just HOLD BITCOIN, not altcoins.
Holding altcoins is very risky, as we see from the LUNA experience. Although this is a top altcoin in fact this cannot guarantee that top altcoin will be bright in the future. In fact, this is likely dying.
Moreover if you are holding new altcoins, you may see zero value in the future 

It depends on the coin but not with bitcoin, no one has complained anything wrong hodling bitcoin.  Coins that may be risky to for long term are that does not have good value in the market.

I agree with you, their are some coins it's better you hold them for a longer period because the longer you hold the more your profit increase like bitcoin, if you are holding bitcon. You can hold as long as you want without panicking because bitcon won't die and your money will continue increasing. Currently most of the coins in the market are just hyped coins after few moment they endup die or end up dumping gradually, I believe coins like that are not suppose to stay long in your wallet.

I'm surprised you're included XRP as stable enough coin, did you forget XRP got lawsuit and few big exchanges already delisted XRP on previous year? [1] Literally XRP is centralized coin and doesn't deserve to listed on top 10 crypto.

Most of altcoins will become deadcoins aka worthless, you can't do anything since the exchanges didn't list those deadcoins anymore and no one will interested to buy your coins in Dapps or P2P. But Bitcoin is the only exception coin that high likely wouldn't become deadcoin due to it's security and decentralization as the main purpose of Bitcoin.

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[1] https://www.bnnbloomberg.ca/cryptocurrency-xrp-is-in-free-fall-with-exchanges-delisting-coin-1.1542141

If you are planning on HODLing, at least invest in a coin that is stable enough for its price to hold in the market (e.g. BTC, ethereum, XRP, etc.). In addition, to the people who say that they invest without looking back, that is definitely some bad advice there. Regardless if you are HODLing for short or long-term, you must create a plan on when you should cashout. This should always depend on the % of profit you are comfortably selling.

Let us say that you purchased BTC at this current price (e.g. $30,000), then you could sell those coins once its price doubled on the market. It does not necessarily have to be a solid two (2) years, but it must be align with your goals on why you invested in the first place.

If its not bitcoin, then you should not hold it for quite long years, but always take time to sell some of them and buy another coins again when their prices are low. However, when it comes to bitcoin, people often say that its the most valuable asset in the market and its value always appreciates in time, the reason why majority hold it for long term and never be bothered by market changes.

it depends on the coin one is holding. investment and bitcoin and etherum are coin that could be hold for a longer while and their interest level grow, there are some coin that cant be held for more than a year or two. these are just hype coin. some of these project don't last, that's why its encourage to research before investing. there some investment that shouldn't be held for a longer while, these are the shitcoin.

So how will this holder know when crypto is already pumping? Imagine buying a token for 1$ each and a new ATH of 100$ happens but you don't know then a few days later the price goes down to 50$ and a few weeks later its back to 2.5$, its better to track 🐾  your portfolio.

What can guarantee the future in our time? I think absolutely nothing. This is not only the storage of coins, these are generally any plans. But when it comes to cryptocurrencies, if you have a weak mind that makes you worry about any market change, start with bitcoin.
Just ask how many cases there were when people who invested in bitcoin received big pluses after a few years. Stick with it for five years, and of course do auto-training, constantly repeating to yourself that everything will be fine.

For you to avoid getting worries about your bought coins better delete all the price tracker you have, stop visiting cmc to check the price regularly and create separate wallet for your hodl coin so that you will forget about your holdings if you aim those for long term. But make sure save your private key offline or write it up on your notebook so that by the time you want to see how those coins go in future you can still open and easily dispose if the price pump.

We have many investors in crypto circle and are doing pretty good, the first question to ask is what coin do you want to invest in, this is the major determinant of how effective is the result you're going to get at the end, we have many coins which are regarded as shitcoins because their project is unrealistic.

That's why you see people investing on coins that have good reputation base on their past projects and the developers behinds it also matters, we all know that bitcoin is of no doubt worth investing on as it is not just a project anymore but a successful digital currency, we have Ethereum which is the second, among others, but your success is now a determinant of how effective your research is about other coins altcoins. Why they said some coins die after a year is as a result of failed projects, scammers, and the real intent of the developer of the coins (shitcoins). The level of your research before investing on a project is very important and this makes alot of people fall into the trap of fake and unrealistic projects due to lack of knowledge.

It depends if the coin is a shitcoin then it is wrong to hold it for a very longtime , that is why it is so important to make proper research when investing to be sure how reliable a coin is. Their is nothing wrong to hold coin like bitcoin for a very long time because it is most reliable cryptocurrency to hold.  Before planning to buy a coin it is necessary to ask some questions and make research if the coin is what investing on and if it reliable.

To hodle with zero worries or in peace you need invest in quality projects, that will stand the test of time, in areas of security, problem solving , future growth , deflationary and store of value.
Another way is by taking out profits or your intial investment capital when you realize growths and gains or when your portfolios gets doubled in price, this will mostly give you a peace of mind your looking for.

Buy bitcoin and leave it for years and you'll have no worry with it. That's the best option that you can do to have worry-free with holding. I've been holding for a few years and that didn't leave me any worry at all. Being knowledgeable with the crypto you hold will reduce the worry you have if you're for holding.
This isn't the game for those who have been overthinkers and have to think at most times with their holdings. Just leave it there for good and it will eventually grow over the years.

Someone said? sounds like a case of someone sharing their personal experience, the person who said it should have been a little more specific with the kind of coins he meant, bitcoins or altcoins. The statement is both false and correct at the same time. False that if you hodl bitcoins, it's demand may reduce particularly, True that if you hodl altcoins, it's demand may reduce as well and you may run at a loss. You need knowledge to make profits from hodling Altcoins, if you hodl blindly, you stand a higher chance loosing.

Hodl Bitcoins and set targets so you don't get distracted by any news.

Do you really need to ask such advice if you're actually confident with your holdings? Because if you're having doubts and you're being restless — then you're probably over-invested, regardless if it's bitcoin, a great stock, or whatever shitcoin.

You can see there are thousands of coins listed on coinmarketcap so what specific coin you plan to hold on for years needs to be clarified before giving any suggestions to you.

But there is simple mechanism of holding bitcoin and altcoins as there are two categories only so if you are into first category then surely you could hold btc for years without having fear and become dormant for years in order to gain higher profits.You must have heard about people gaining good amount of profits within 2-3 years of patience holding.You can check the history charts and will find out if you have invested few years back then you would be having good amounts.

For example if you take into consideration investing in bitcoin back in 2017-2018 period when it was around $19600 and at today's level we are at $45k down from $68k ATH but still you would be in profit.So you see the clear and broader picture of long term bitcoin holding.

But if you're planning to have your bag filled with some altcoins as most of them are shitcoins then the suggestions on my personal experience are leave them or don't go long term on them as it won't be beneficial at all.You can get idea from the picture that top-10 coins on CMC has been shifting but btc always remain the king with high volatility also.Most of them are pumped and then dumped by whales because they have no real utility so what's the purpose of holding coins like doge or Shiba? Musk will take them to the moon is old rumours and not going to happen so don't trust these coins at all.

The people invest in them under some influence while seeing them rise for some time without going in detail that these coins have no utility so what's going to derive their value in future but later on most of the people loose funds and only the whales and shitcoin masters make the actual profits.Have seen people making lame excuses that btc is expensive and they can't invest in it as if stacking sats is not at all possible.We can give them advice rest all is dependent on their personal viewpoint and how deeply they understand bitcoin.

The thing is when altcoins reach a new ATH they will retraced a new ATL as well that's why you need to monitor the market, at least monitor BTC, assuming BTC hit 50,000$ go straight to your wallet and check your holdings, Altcoins always do so well when BTC is pumping, to avoid missing selling at ATH is why that person warned you.