Topic: How to overcome the fear of holding? - page 12. (Read 4505 times)
It makes you nervous seriously if it is you are first time to hold. Many things are going to your mind because you do not know what is the best time to let go of it. By that, you can earn and learn many things. You will have an experience so that you will be aware and careful next time. Hold your bitcoin as long as the price is very low, and make it if you know that you can have a profit if you will let go of it.
Being a trader is hard to explain the feeling we encounter everytime its price value of coins that we hold on is going down.Sometimes you always have a fear in a coin you are holding of the price would go down immediately.We need to overcome our fear when holding a coin to avoid panic when its crashed.
In the op, he also know we need to avoid fear, but the next question is how? You dont give any suggestion.
All traders feel this character when they see their asset going down include me and i realize that its very difficult to aboid our fear.
In my opinion, i always invest with the money that i think it already loss. Maybe it can help us a little bit.
Self control. if you can contain temper for sell when you see some spikes in price and dont allow yourself to sell then you can say that you maybe control your fear and maintain hold of your coin. It hard to achieve this but eventually you will learn to do this. For every fear need time and confrontation on it. When this is done then comes the easy part.
Being a trader is hard to explain the feeling we encounter everytime its price value of coins that we hold on is going down.Sometimes you always have a fear in a coin you are holding of the price would go down immediately.We need to overcome our fear when holding a coin to avoid panic when its crashed.
In the op, he also know we need to avoid fear, but the next question is how? You dont give any suggestion.
All traders feel this character when they see their asset going down include me and i realize that its very difficult to aboid our fear.
In my opinion, i always invest with the money that i think it already loss. Maybe it can help us a little bit.
I've always been one who sells to earlier, either to minimize my losses or to realize my earnings ASAP and leave. I've seen in most of my investments, if not all that if I would've just left the coins there they would've been worth 10-50x what I put in before. This is upsetting as a person and trader, as I see how much money I'm missing out on.
How do you traders do it, hold and hold and hold. Waiting around for more and more money?
How do you traders do it, hold and hold and hold. Waiting around for more and more money?
To overcome the thought of holding, one must learn how to move on and have different means of earning. The only problem with holding is when you only have and hold one type of coin, that means that you do not have other means of earning. That's why it is best to own other types of coin, so that you have other sources.
I usually do very simple. Buy a coin. Add the page to my bookmarks in order and forget about it for a few months. Then I go and see what happens. If there are major changes, then continue to hold on.
I'm doing that too. If i don't want to worry with my investment i just forget it then i will comeback in a few months because if i always look into my investment and i saw it falling. I will just stress myself and think that i never invested in the first place.
I've always been one who sells to earlier, either to minimize my losses or to realize my earnings ASAP and leave. I've seen in most of my investments, if not all that if I would've just left the coins there they would've been worth 10-50x what I put in before. This is upsetting as a person and trader, as I see how much money I'm missing out on.
How do you traders do it, hold and hold and hold. Waiting around for more and more money?
How do you traders do it, hold and hold and hold. Waiting around for more and more money?
To minimize my losses and overcome my fear, i split my capital into several phase and buy different altcoins that i considered as promising altcoins to diversify my investment to minimize the risk. I believe if the altcoin has a good development project, the price will rise again in the future so i don't need to fear a lot.
I usually do very simple. Buy a coin. Add the page to my bookmarks in order and forget about it for a few months. Then I go and see what happens. If there are major changes, then continue to hold on.
Invest in some money that you won't be sad if you lose. That way, holding the coin you had invested may cause less fear.
Right! but without risk, we can't make money, so it is always good to start with a little amount of money and hold the coin until the price of coin increases a lot. People should also understand holding will always give little profit to investors.
I've always been one who sells to earlier, either to minimize my losses or to realize my earnings ASAP and leave. I've seen in most of my investments, if not all that if I would've just left the coins there they would've been worth 10-50x what I put in before. This is upsetting as a person and trader, as I see how much money I'm missing out on.
How do you traders do it, hold and hold and hold. Waiting around for more and more money?
Always think positive, you will not become successful person if you will always thinking negative. Many investors are not becoming rich because they are afraid to invest their money. I think we should overcome our fear for us to achieve our dreams and goals. How do you traders do it, hold and hold and hold. Waiting around for more and more money?
I overcome my fear of #HODLing by just diversifying my digital assets. I'm not the guy who is just sticking to one, two or a few different kinds of altcoins that I have. When it comes crashing down, I just forget about it. I'm not even looking at my Blockfolio.
Since I am in good hands with the ongoing project that pays me Paypal money, I do not need to worry about my holdings because I know it will grow in the long-term.
Since I am in good hands with the ongoing project that pays me Paypal money, I do not need to worry about my holdings because I know it will grow in the long-term.
i think when we choose to get involve in this cryptocurrency, we must have the brave and a clear mind in any decision, because holding can be a heart attack, we will never know what can really happen with the coin when we are holding, the scarest and hardest part is when the price drop, we must make decision to cut loss or keep waiting.
Invest in some money that you won't be sad if you lose. That way, holding the coin you had invested may cause less fear.
In my situation in order for me to overcome the fear in holding, what I did is to start in a small amount so I can easily calm myself that I will not loss that much. This also help me to learn the step by step of trading.
That's a brilliant idea, everyone should start with a small amount so the risk will be smaller. Treat trading as a long term journey, start small then slowly increase the amount at risk so you would be easily discourage once you experience loses.
As a newbie, expect that you will experience a lot of loses but that should be your learning experience in order for you to grow.
In my situation in order for me to overcome the fear in holding, what I did is to start in a small amount so I can easily calm myself that I will not loss that much. This also help me to learn the step by step of trading.
i think it depends on you, how much money do you want to earn, how much money are you ready to loss, and how good the coin you invest is. you can overcome the fear of holding
Maybe people who fear in holding had doesnt much experience on cryptocurrency and maybe they dont have enough knowledge on it .Therefore holding is just like saving maybe you overcome fear of holding is quite different from investing saving is really nothing to be fear about because it has a big possibility that we can earn through holding specially in bitcoin. Unfortunately, there"re no 100% working methods that can get rid of fears. Don't get carried away with leverage. In most cases it helps to make transactions with significantly higher capital but it also increases the risks. So even a one-percent fluctuation of the currency can completely ruin the trader. Therefore if you are not completely sure about the performance of a particular trading strategy, it's better to be careful and not to use leverage.
professionals always recommend that if you have a fear of loss, then you need to use only starting capital for trading, the amount of which you do not mind losing. So you do not take care of at least your nerves.
Unfortunately, there"re no 100% working methods that can get rid of fears. Don't get carried away with leverage. In most cases it helps to make transactions with significantly higher capital but it also increases the risks. So even a one-percent fluctuation of the currency can completely ruin the trader. Therefore if you are not completely sure about the performance of a particular trading strategy, it's better to be careful and not to use leverage.
You can only overcome the fear of holding good coin when you truly learn and grasp the potential value of it. Do not just invest in someone else's share, it's dangerous because you can not get the information you need to make the right decision. Learn the basics before you start entering the cryptocurrency market because that is essential for you.
No its not that you heard only on someone or its a rumor coin. I heard a lot of coin mostly it was a good coin to invest before the true big hype was about to start. Its a tip or gift that there are altcoins shillers. You get the idea next is to research what was that on that coin and go further. The final outcome will be back to you holding or selling isn't others decision and its up to you to believe in the fundamentals of a coin or not.
For me, I check their roadmaps. If their plans are worth to hold your coins for months or years and the feedbacks of critics are mostly positive then I hold.
You can only overcome the fear of holding good coin when you truly learn and grasp the potential value of it. Do not just invest in someone else's share, it's dangerous because you can not get the information you need to make the right decision. Learn the basics before you start entering the cryptocurrency market because that is essential for you.
Jump to: