Topic: How to overcome the fear of holding? - page 33. (Read 4533 times)
Holding comes with trust and patience. Trusting that for the long time that you've been holding your btc you can make the biggest money possible out of it. Working in cryptocurrency comes with risk so maybe just work with an amount you can bear to lose (if ever trading doesnt work out with you). And of course you have to underastand how the crypto trading works, its always good if you are knowledgable with the field thatvyou are ngaging yourself with.
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?
The answer is simply your technical analysis is terrible, so you didn't have confidence in it. Setting a stop-loss is a great way to minimize losses, and if didn't set a stop loss and the price come down too deep you better hold it tight or cut your loss. Lack of familiarity and understanding of the coin that you trade could be a possibility why you to dint have the confidence to hold. 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.... The feeling fear of holding the digital coins because we don't research about the digital coins before invested into them, we don't learning anything about the them, i suggest to learning about the digital coins analysis fundamental of digital coins before hold for long term investment, always use iddle money for holding the digital coins and never use loan money or the money will used, so although the price goes down we will be relax because we are holding for long term investment, and our feels will be netral in fluctuating the price.
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?
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.
In my opinion, I agree to what you have said and I already experienced withdrawing BTC to avoid incur more losses. For you to be able to overcome fear of holding Bitcoin is that you try to think that your investment is good for long long term. Your money will grow bigger if you hold it for a long period of time. Currently, Bitcoin price now is too high so if you placed you money early this year and hold it, I'm sure that you really enjoying gaining much money now. But it is never too late to invest so don't lose hope.
There is no easy way. I am telling this out of my own experience. It is easy to hold on for 6 months or even 1 year. But what you will do, when the prices are constantly going down for more than three years? This is what happened to me. The BTC exchange rates were constantly going down from 2014 to 2016. Finally I gave up and sold a part of my coins in 2016.
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?
I would suggest that you just set your sell order with 1.5% multiply it from the amount of how much you bought that coin. Then use blockfolio and set the alarm and wait for it to be sold.
That's it. In that way we can avoid looking time to time our coin of how is it doing and avoid selling too early and too late. Yeah trading is meant to get profit not to lose money so we should be cautious in our moves.
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.
Welding your money is just like investing you will feel a little risk but there is 80% chance that the money will grow because by holding the money you increase the reality of that coin or in other words that coin is not available in large quantity inside the market because you hold some portion of it. That increase some amount of price(now imagine that same thing happens when many people hold money together). Let's suppose if you hold your money and somehow you hit on market crash so you just need to hold some more so that market can recover and you will still have your profit.
The goal in trading is to gain profits, instead of losing, we cannot blame to be worried to our holdings, aside from its valuable, we have risked big amounts of money to that investment. Well then, if you do like to hold for long term, you should expect that their are market crashes most of the time, but it will still recover from that, and if you feel like you are already contented to your profits you can sell it actually, nobody's holding you back, it is just your own emotions that are bothering you.
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.
Holding sure have two different aspects to it. While some do the HODL thing, some do the long term holding for profit trading. In the case of the OP, I am sure it is the latter. One thing is that you can never be sure where to sell, but as long as you are making profit, then you do not have to be too greedy.Unless you are monitoring the charts to be sure it is the best time to drop, then setting a sell order and looking away is the best even if the value goes further because one point in time, it will still come down lower for you to buy for more profit.
Welding your money is just like investing you will feel a little risk but there is 80% chance that the money will grow because by holding the money you increase the reality of that coin or in other words that coin is not available in large quantity inside the market because you hold some portion of it. That increase some amount of price(now imagine that same thing happens when many people hold money together). Let's suppose if you hold your money and somehow you hit on market crash so you just need to hold some more so that market can recover and you will still have your profit.
Why having the fear of holding at first place? If you are investing right way then you have put into bitcoin the funds that you don't need for living and that you can afford some potential amount of loss. If you have enough knowledge about bitcoins you know that is volatile and that the price is changing both ways, up and down. If you have decided to hold then you shouldn't react implusive on every negative change on the market and make the panic sell.
Bitcoin is still best as long term investment, don't forget that.
Bitcoin is still best as long term investment, don't forget that.
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?
During my trading days, i was pretty much like you investing in whatsoever altcoin shortly after it's added to exchange , hold it for 2 weeks max and then sell it thinking that i got most of the profit i could have and got the hell out . Sometimes i even sell quicker fearing the sudden decrease especially if bitcoin's growing values are all green then i'd promptly now that my coin's will turn to red , just realizing short after that my thinking process was totally wrong and that i would have had lot more money if i kept holding just a bit longer . How do you traders do it, hold and hold and hold. Waiting around for more and more money?
Actually this even happened to me with bitcoin itself , the most successful of all cryptocurrencies ! I instantly panic sold the most of my coins when it started to drop until reaching 3k in this late summer only realizing a while after that i made one terrible mistake .
There's some coins that i don't intend giving up on them from now on and they are mainly bitcoin , followed by Ethereum and BCH because i'm pretty convinced that there'll be a day that only these 3 will remain on the surface .
The best way to overcome the fear of hodling is the careful researching. If you are confident with your coin and your knowledge, you wont be nervous
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.
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.
but it will bring more panic and curious to check the price, it's not easy to wait when holding, moreover the coin that stuck on 0.0000001 btc and never rise again,You don't need to hold your coin if you don't feel like to do so, if your instinct are telling you to sell it, then sell it. It is important also to know the ICO price of the coin that you are holding for you to know when to sell your coin, because mostly, if a certain coin is not reaching its ICO price, then holding your coin is safe, but if it already hits its ICO price, then it is going to take some time before it rise again.
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?
I can tell you what helped me, when I realized that the exact same situation was happening to me. I told myself that if I wanted to get real about this, and risk my money, then I would have to spend more time studying bitcoin. How it works, what it is good for, how it is being developed, etc, etc. The thing is, that we all read news from different sources, and we just don't know in what to believe. There is a lot of FUD in crypto, and we can only feel confidant in holding once we make our minds about the investment we are doing.
Once we achieve that, and learn to filter the information, we see the price dropping because Jamie Dimon said some stupid things, and we just don't care. Now we are seeing that JPMorgan will probably issue bitcoin futures as well and we think I was right to hold. Don't get me wrong, I could still be completely mistaken about bitcoin, but for better or for worse, I have an opinion on BTC, that is strong enough to filter some of the FUD in this market.
Once you are able to do that, you will trust yourself more, and be able to decide based on your knowledge if you should hold or not.
First of all what is holding? Is it related to investing Bitcoin. As I understand, holding means keeping a thing whatever happens. I'm here to learn more about Bitcoin as the girl I want to become my girlfriend is a bitcoin investor.
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?
Old time crypto traders knows how to HODL. Theres an art of holding. They buy every dips and sell it while the pump is far away. You can also play the average down, how to do it? Just incase you fall into a wrong position and the coins dumps. You can simply buy at the dip. And sell it to compensate the loss money.
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?
One word to overcome your fear: EXPERIENCE. Once you have encountered hundred or thousand times, you will overcome it, and this is important to go through, no shortcut.
Buy your desired coin, have faith in it and never think of it again. Then comeback after a long long time.
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