How to overcome the fear of holding? - page 31.

Dailyroberts

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Quote from: fullhdpixel on November 27, 2017, 09:34:35 AM

Quote from: Qunenin on November 23, 2017, 12:59:31 PM

Quote from: deniskiely on November 23, 2017, 03:10:05 AM

The easist way to overcome the fear of holding is buy a coin and do not check it's price till the moment you want to sell it.

Yes, but how often can you follow this advice. I mean if you have coins with you , you will always be tempted to see what going on in the market? Whats the current value of the coins and other things like that. And if the price is very low you will be worried and a high price will give you greediness to sell the coins. Rather than stop watching the market, you should make your emotion strong and have control over your emotions.

It is difficult to not check the value of Bitcoin while you are holding it because of its fluctuating nature and present progress. In my opinion the best way to conquer your fear is to face it. Buy a coin and look at the price at least twice a day.

This will help a lot in getting rid of fear and it will also develop a good understanding of digital market but the most helpful thing is patience and a calm mind.

This is my problem for holding a coin. I always keep checking the price from my cellphone even in the toilet. I can't leave this behaviour. I couldn't find a way to leave this i the past. Any suggestions are greatly appreciated here. I understand the users who are in the same position with me.

bribed

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Quote from: squatz1 on November 10, 2017, 04:57:04 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 guess the time teaches this lesson. When I started I was also afraid of losses and sold too early, but I learnt from this when I realized that prices recover after a downfall, and so I am a confident hodler now!

Allan Ramanda

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before you hold the coin, you should better understand the development of the coin. if the coin has no potential, you should sell it right now. my advice you should be diligent to see marketcap to assess the development of your coins.

fullhdpixel

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Quote from: Qunenin on November 23, 2017, 12:59:31 PM

Quote from: deniskiely on November 23, 2017, 03:10:05 AM

The easist way to overcome the fear of holding is buy a coin and do not check it's price till the moment you want to sell it.

Yes, but how often can you follow this advice. I mean if you have coins with you , you will always be tempted to see what going on in the market? Whats the current value of the coins and other things like that. And if the price is very low you will be worried and a high price will give you greediness to sell the coins. Rather than stop watching the market, you should make your emotion strong and have control over your emotions.

It is difficult to not check the value of Bitcoin while you are holding it because of its fluctuating nature and present progress. In my opinion the best way to conquer your fear is to face it. Buy a coin and look at the price at least twice a day.

This will help a lot in getting rid of fear and it will also develop a good understanding of digital market but the most helpful thing is patience and a calm mind.

richardsNY

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Quote from: Images21 on November 26, 2017, 07:48:16 PM

But try this, dig a deep hole and then bury your wallet address and private key there in a bottle, and then cover them. Dig it back after 3 years.

That doesn't help at all when the core problem has still not been taken care of. People try to forget about everything related to crypto, but they can't since it gets covered in the mainstream media, in almost every news site, etc. If you can't prevent yourself from doing something that might work against you, and you don't know anything that can help getting rid of it, it wil always form a limiting factor in your life. In some cases you just have to accept that trading or investing isn't the right thing for you to get involved in. It's difficult to do so due to the potential profits this market has to offer, but if you consistently make the same mistake, it obviously means something....

gentlemand

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Welt Am Draht

The perils of not holding are littered around this forum like burnt out cars after the apocalypse.

I remember when Bitcoin was back to $1000. Some guy was PMing me asking whether they should sell and walk away from crypto. I advised against it but I could tell that he was going to do it anyway. Look where we're at now.

Similarly I'm sure people were scalping alts like ETH before March thinking they were champs. Then it exploded. No doubt they were 'waiting for the dip' all the way from $10 to $400. They got a dip eventually but horrifically higher than they wanted.

Black or white positions almost always bite you eventually. If you really want to play then go do it but hold the majority.

sheryl26

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Quote from: squatz1 on November 10, 2017, 04:57:04 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?

Just being optimistic all the time because if you be pessimistic you will always end up nothing. Im this industry we need a lot of patience even if the bitcoins and all the other coins are in red in tha market just think that it is the right time to buy cryptocurrency because the value are low and cheaper and after a month you will see a green days in the market then you will just hold it because it will pump more like for example bitcoins they will never reach that value if they are not that reliable.

Images21

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CryptoTalk.Org - Get Paid for every Post!

Quote from: squatz1 on November 10, 2017, 04:57:04 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?

Can you not control your emotions, mate? There is no point of us giving any tips when the only and most important thing to consider is to simply stay away from logging in to your wallet account. There is no point telling you anything that we do when at the end of the day you will still cannot control your emotions. But try this, dig a deep hole and then bury your wallet address and private key there in a bottle, and then cover them. Dig it back after 3 years.

DARKHOLDER

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Zepher is scammer!:)

Quote from: Dreamchaser21 on November 26, 2017, 07:29:01 PM

Quote from: Xenrise on November 25, 2017, 10:16:34 AM

Best thing to do is to put attention to other things like your work(if you have one), other things like your family and such. So that your fear of holding can be overcome by you. Take note, you're the only one who can do this one. So don't miss your chance.

Why fear if you HODL good coins ? being fear about this can't help you on your financial needs. Holding is really and investing that you are taking risk for a brighter future and if you really HODL bitcoin then you probably nothing worry about because this is our future.

Nothing to fear ....IF YOU hold top 10 coins Wink

Dreamchaser21

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Quote from: Xenrise on November 25, 2017, 10:16:34 AM

Best thing to do is to put attention to other things like your work(if you have one), other things like your family and such. So that your fear of holding can be overcome by you. Take note, you're the only one who can do this one. So don't miss your chance.

Why fear if you HODL good coins ? being fear about this can't help you on your financial needs. Holding is really and investing that you are taking risk for a brighter future and if you really HODL bitcoin then you probably nothing worry about because this is our future.

Valzzz005

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Quote from: squatz1 on November 10, 2017, 04:57:04 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?

It is pretty simple for me because I am not afraid to lose all my money because I didn't spend any of them it is like a bonus for me. I do mot spend money to buy what I hold I just simply earn them by joining in a signature or bounty campaigns most of my holdings are bitcoins and ethereum because I knew that they will be huge in the future so I'm still holding them. While the others I just hold them because their value is too cheap and I do not want to earn cheap profits. Just think positive and always be optimistic especially to bitcoins because they will always pump.

Shenzou

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Quote from: squatz1 on November 10, 2017, 04:57:04 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?

Well when it comes to bitcoin trading paiteince is the key, because selling early will cause us to lose a lot of profit, so saving it without a fear of losing is what keeps me going, you see bitcoin at the moment is the best and the fastest way to make profit, so its price is constantly going up, and even if a dump in the price and i have missed my chance to semm i know for sure that sooner or later the price is going to go up again, so the point is there is no lose in saving up bitcoin and eventually i will get another chance to sell, as for the other cryptrocurrencies it is hard to predict their prices, and they have a very unstable market so they go up and down quickly, so selling them when you get the chance is better than just saving it.

Perunex

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FABA-BREAK THROUGH IN VENTURE CAPITAL MARKET

For me its quite easy. I have most of my portfolio in different DAAs on https://www.iconomi.net/ and my risk is diversified. If bitcoin goes up, I am happy, if ether goes up Im happy, if altcoins go up I'm happy. If bitcoin (or any other coin) goes down I'm not that worried as my risk is diversified.
I just let the full-time professionals do the hodling for me and sell when the time is to sell and I love the product. I am gaining from the crypto grow as a whole and from grows of the individual currencies. The best thing about is I don't have to worry at all and use the time to do due diligences for upcoming ICOs.

ICOs are another story. I go big or go home here. I want big gains or lose everything. That is why hodl is also easier than

I set a goal price that I want to achieve with ICO and sell.

Just don't be too greedy. Its OK to be a bit greedy. Just a bit.

Dart18

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I am also impressed with those big amount holders. They are really patient when it comes to that.
Me, I dont have much so it is okay to hold for a long time.
I just dont think about what number of dollar I have. I just want to add more bitcoin or altcoin then maybe will look at it afterwards.
I do sell my alts a lot of times then buy back but not bitcoin. Because I know, and I have my own prediction that it will go up as time goes by.

crypto1nvest

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You need to establish some rule for yourself. As for me when I bought bitcoin on 1000$ I set a target to take profit ten times more. So no matter what happen you cant sell your coin early, just forget about them. You also can set a goal in time or price. But this rule works only with the good coin with fundamental and community.
I'm recommend you to read about sunk cost https://www.wikiwand.com/en/Sunk_cost

Sweeet123

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It is necessary to understand that patience is the key,you need to be willing to be thinking long term,in long term the value is bound to increase as more and more people would be aware in the future so the value is bound to increase, resulting in increased demand which will ultimately result in increased valuation,so it is necessary to understand that holding on to bitcoins now is not something to be feared of and that it can give you great value in the future

panjay

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That's because your capital too big and you cannot afford to lose it or put it this way: that's some money for your living. Just put money when you think " it's okay to lose this money", usually that money comes from leftover after you divide it from your main expense/month and try to divide your portfolio like 1-2% for each coins. So if that's coin become zero sats next day you will not kick yourself to hard.

Bitcoinjheta

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Quote from: hajimasan on November 26, 2017, 01:18:42 AM

Quote from: squatz1 on November 10, 2017, 04:57:04 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?

My main and basic idea to make investment and get profit from the coin is totally different .
Since in the investment and getting profit are small but chnaces to loss turned into less .
First of all I made investment in that coin whose price become down much and then wait for the increase in the price , after increase in the price I withdraw my investment with small profit and then wait for more increase in the price because I know that this is the natural thing in the cryptocurrency market that once a coin starts to increase then it can go at what degree no one can expect , so to have small amount of the investment in Coins after making profit is better thing to have profit , since profit will results into loss , but it is more better way to make safe your investment and make definite profit .

In order to overcome fear , one should fed himself with knowledge - like doing research online or by asking with friends who has better and longer experience. Holding your coins for longer times will not give you losses but profit instead if its well kept and sold in perrfect timing.

hajimasan

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Quote from: squatz1 on November 10, 2017, 04:57:04 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?

My main and basic idea to make investment and get profit from the coin is totally different .
Since in the investment and getting profit are small but chnaces to loss turned into less .
First of all I made investment in that coin whose price become down much and then wait for the increase in the price , after increase in the price I withdraw my investment with small profit and then wait for more increase in the price because I know that this is the natural thing in the cryptocurrency market that once a coin starts to increase then it can go at what degree no one can expect , so to have small amount of the investment in Coins after making profit is better thing to have profit , since profit will results into loss , but it is more better way to make safe your investment and make definite profit .

MotulDiesel

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I think this is not your disadvantage, sometime the fear make your mind clearly and help you stay out of the broke of your investments. In my opinion, you should have a target of the profit, whenever you reach the target, you finish your investment, withdraw the cost and profit. A smart investor should know how long is a good time for a investment; Holding too long not a good idea !

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