How to overcome the fear of holding? - page 21.

michellee

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Quote from: obinine on January 02, 2018, 09:36:47 PM

Quote from: katiecbell on November 29, 2017, 05:22:18 AM

Quote from: Soots on November 25, 2017, 12:16:48 AM

Quote from: michellee on November 23, 2017, 02:08:49 AM

holding is good especially if we are holding bitcoin but altcoin can be a good idea to hold if we can buy at lower price. but sometimes we are too greedy when we see the price is increase fast and we are not selling because we want bigger profit. if we do this, then i think our chance will loss so we can not sell to make profit. but if we don't want to be worried for holding altcoin then i can suggest to you to sell it right away if the price is increase so you can get your money back plus your profit.

The value of bitcoin and other cryto currencies are unpredictable, you should always monitor its value from time to time. Some of it may increase and some of them will decrease. Absolutely correct, sometimes our greediness may lead to the loss of our chances to have a good profit. We we're trying to wait its value getting high, if you feel its value is quite enough its time to sell it as soon as possible.
In order to overcome some of fears in holding be contented if you feel its a right time to sell to have a good profit. I believed that there is another chances to gain more profits from other crypto currencies which you try to hold.

There is nothing we can deny about that all of us actually have a fear of losing their money once they get into any kind of business. This fear can only be overcome if you can manage to take control over your nerves and that too at the hard times especially.

You need to make yourself understand this thing that there is nothing good than that of holding and if you will hold your bitcoins, you’ll be rich one day.

Trading is the second name of risk and those who are risk taker then it means he has no fear of lose. So if you want to overcome the fear of hold then you need to improve your risk taking quality and other suggestion is that you need to learn from your mistakes not losing your confidence.

but if you have skills in trading, you can prevent the risk so you can make a profit in trading. I think no matter you have skills or not, if you can manage your emotion in trading, then you don't have to fear of holding a coin even if you are getting stuck in a high price because you just need to wait the price is back to increase. if you have many experiences of this, you can easily prevent your fears inside you and you can stay calm when the price is suddenly out of your control.

buffbryan87

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When i first started trading i would always sell as soon as i saw 10 to 20 percent gains. Then a few weeks later i would see the same coin like 4 or 5x from where i bought it. I started to realize that holding it would have been best.

The only thing that keeps me sane during holds is the fact that numbers don't lie. Also it is easier on your daily life to hold instead of being glued to the computer all the time.

marjon

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Activity: 350

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To overcome your fear from holding. First and foremost, you must fully know the quality of that coin if it has a potential to dominate in future. Put trust on your coin so you'll sleep sound and safe.

zmkriel

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Quote from: squatz1 on November 10, 2017, 03:57:04 PM

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?

Actually we have the same problem that is why i am very much hesitant to enter into trading world. Though i really want to because i want to gain more profit but the fear of having a big loss is in my system all the time.

Blue_oxen

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Praticing everyday for few months you will pass the fear feeling. the fluctiation is a normal thing of the market. That will help you get money if you have skill.

sumanto

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Quote from: aardvark15 on November 10, 2017, 04:57:52 PM

Quote from: squatz1 on November 10, 2017, 03:57:04 PM

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?

One way to avoid this problem is hold half of your Bitcoins and altcoins long term and don’t sell them at all for 5 years. Then use the other half for trading.

One thing I have done when trading is when you sell, don’t sell all at once. Place a sell order for part of your investment and then wait to see what happens before you make a decision on the rest. I do the same for buying. I buy with part of my fiat, then wait to see if the price drops before buying more. This way you leave yourself some leverage to react to the next market move.

yes you just need to inculcate the thought of storing bitcoin and bitcoin investment but you do not just play bitcoin I suggest playing altcoin also the price is still cheap and you hold it up for several years to come then you will get a lot of profit.

obinine

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Quote from: katiecbell on November 29, 2017, 05:22:18 AM

Quote from: Soots on November 25, 2017, 12:16:48 AM

Quote from: michellee on November 23, 2017, 02:08:49 AM

holding is good especially if we are holding bitcoin but altcoin can be a good idea to hold if we can buy at lower price. but sometimes we are too greedy when we see the price is increase fast and we are not selling because we want bigger profit. if we do this, then i think our chance will loss so we can not sell to make profit. but if we don't want to be worried for holding altcoin then i can suggest to you to sell it right away if the price is increase so you can get your money back plus your profit.

The value of bitcoin and other cryto currencies are unpredictable, you should always monitor its value from time to time. Some of it may increase and some of them will decrease. Absolutely correct, sometimes our greediness may lead to the loss of our chances to have a good profit. We we're trying to wait its value getting high, if you feel its value is quite enough its time to sell it as soon as possible.
In order to overcome some of fears in holding be contented if you feel its a right time to sell to have a good profit. I believed that there is another chances to gain more profits from other crypto currencies which you try to hold.

There is nothing we can deny about that all of us actually have a fear of losing their money once they get into any kind of business. This fear can only be overcome if you can manage to take control over your nerves and that too at the hard times especially.

You need to make yourself understand this thing that there is nothing good than that of holding and if you will hold your bitcoins, you’ll be rich one day.

Trading is the second name of risk and those who are risk taker then it means he has no fear of lose. So if you want to overcome the fear of hold then you need to improve your risk taking quality and other suggestion is that you need to learn from your mistakes not losing your confidence.

digitalgame4life

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Active forum member, A+ poster, PM good sign camp.

If you really believe in the project there is nothing that comes between your motivation and selling your good coins, there are some real solid projects that you need to hold on to, one of my very big bags is VEN/VET, it is one of the best if not the best project out there, huge partnerships and many usecases, I am convinced it will reach at least a 3 bil marketcap in the coming months, one of the better ICOs and projects yet to come is Daneel.io, I love the idea behind it and I think it will be a huge benefit in cryptoworld.

Anco_Marzio

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You know, trading is a strange game: if you sell someone buys, and viceversa.
You both made a bet, and only one will win. So, it's not really about fear, but about information: who has the better information will win.

achsan fauzy

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Activity: 174

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I often experience fear while holding a coin that has a price that continues to decline. but at the moment I've been accustomed to hold the coins in a long time. because I am sure that the price of the coin will someday be back on the rise.

LordDisick

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Quote from: Dreamchaser21 on December 30, 2017, 07:48:09 AM

To overcome you fear of loosing money, stop looking every hour on your portfolio because it will not change right away. Don't expect to earn higher profit in just single day, if you are really holding it, bigger profit takes time. So don't be scared to hold specially if its worth holding for.

In my own opinion its really a normal feeling to be afraid or panic at some point because its your money you are risking. I do agree with you to prevent from feeling anxious don't look at your portfolio always. Just relax and think positive. Cryptocurrency volatility is pretty normal and keep in mind to keep holding because eventually its going to be worth it in a long run.

Oilacris

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Quote from: Koadharber on January 02, 2018, 04:21:38 PM

Quote from: Virtual miner on January 02, 2018, 03:33:17 PM

Quote from: squatz1 on November 10, 2017, 03:57:04 PM

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?

I was very much the same.like you but as I have been a bit in trading what I have realized is that trading is just a game to take the money from the hands of people who are less patient to the hands of people who are more. Everyone has some FUD once a coin begins to fall. But converting your every FUD into a sell order is where we go wrong. First of all always trade with a plan. And if you trade with a plan then stick to it. Don't relentlessly throw a sell order until you see your plan's basic ideas shattering away. Otherwise don't deviate with it. This is the basic theory.

This would be just only on case to case basis only depending on what coin we do hold up but on most experiences most of the time we do missed up for more profits because we are impatient or just contented on that recent profits which isnt bad as long we are gaining then it should be fine but later on we do regret when we do see that price had risen even up more which on next time we would eventually learn up from our past mistakes that we have done.

Fear cant really be avoided since we are just humans and in cases we do see that we are already on profits its normal for us to be afraid off when we decide to wait even more and thinking that price might go down again and those profits will be taken back to you or going break even and this is why we do decide directly to sell when we see profits and as you said we do later on regret when we saw price soar up high.

Koadharber

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Quote from: Virtual miner on January 02, 2018, 03:33:17 PM

Quote from: squatz1 on November 10, 2017, 03:57:04 PM

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?

I was very much the same.like you but as I have been a bit in trading what I have realized is that trading is just a game to take the money from the hands of people who are less patient to the hands of people who are more. Everyone has some FUD once a coin begins to fall. But converting your every FUD into a sell order is where we go wrong. First of all always trade with a plan. And if you trade with a plan then stick to it. Don't relentlessly throw a sell order until you see your plan's basic ideas shattering away. Otherwise don't deviate with it. This is the basic theory.

This would be just only on case to case basis only depending on what coin we do hold up but on most experiences most of the time we do missed up for more profits because we are impatient or just contented on that recent profits which isnt bad as long we are gaining then it should be fine but later on we do regret when we do see that price had risen even up more which on next time we would eventually learn up from our past mistakes that we have done.

mega

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Activity: 812

Merit: 500

There are types of fear sometime we have fear of failure,fear of change and fear of uncertainty actually its a game of our mind thoughts which we think but have no place in real life,We can overcome the fear being optimist and do positive and we fall we should find the ways how to stand with courage.If you love your passion you will will and fear will not overcome.You just hold with patience and don't be panic if prices go down make relax your self just wait for a moment where you meet the maximization.

MrKubem

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Activity: 210

Merit: 100

holding is good especially if we are holding bitcoin but altcoin can be a good idea to hold if we can buy at lower price. but sometimes we are too greedy when we see the price is increase fast and we are not selling because we want bigger profit. if we do this, then i think our chance will loss so we can not sell to make profit. but if we don't want to be worried for holding altcoin then i can suggest to you to sell it right away if the price is increase so you can get your money back plus your profit.

Virtual miner

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Quote from: squatz1 on November 10, 2017, 03:57:04 PM

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?

I was very much the same.like you but as I have been a bit in trading what I have realized is that trading is just a game to take the money from the hands of people who are less patient to the hands of people who are more. Everyone has some FUD once a coin begins to fall. But converting your every FUD into a sell order is where we go wrong. First of all always trade with a plan. And if you trade with a plan then stick to it. Don't relentlessly throw a sell order until you see your plan's basic ideas shattering away. Otherwise don't deviate with it. This is the basic theory.

natasha-lev

newbie

Activity: 210

Merit: 0

If you invest and beleive in project - HODL until the project goes live.
If you trade - just don't calculate your lost opportunities. There are always unexpected things on the market.

suzanne5223

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I think the best aspect to overcome the fear of holding is study the past chart history and historic data of coin you want to invested in before heap into it because studying the past history of coin will make understand the price movement and will also give you more confidence.

furry04

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If you have decided to hold for a coin lets say until it gets 10x you better take it off from exchange and forget about it. But if your aim is 10-20% profit and suddenly it becomes more than I guess you should not regret as you have taken your desired amount.

posi

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Quote from: Genemind on January 02, 2018, 03:59:07 AM

Quote from: squatz1 on November 10, 2017, 03:57:04 PM

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?

I was the same a year ago, and you know what? Only experience can teach you to overcome the fear of holding, and mostly regrets. Due to the regrets I had back then because I wasn't too patient to hold, I actually lost a lot. This is why when I had enough, I became really patient and waited for the right moment. Now, it is easy to be successful in a trade.

Well said mate because practical wisdom gained from ones observation is the way to overcome the fear of holding and the best I learnt so far through crypto currency are too greedy and stay down whenever the market is red.

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