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Topic: How to overcome the fear of holding? - page 34. (Read 4505 times)

full member
Activity: 364
Merit: 100
November 23, 2017, 09:25:50 AM
#70
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.

You are right about fear of holding bitcoin but the important thing is the idea of growing and famous altcoins. Now in the crypto market people are earning good amount through the dealing of altcoins. The good option for us to minimize the risk of holding or simply we can say that the loss of currency value in the future we should invest in some altcoins as well the altcoins will compensate the loss if we received any loss from holding of bitcoins.
newbie
Activity: 10
Merit: 0
November 23, 2017, 08:59:58 AM
#69
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,
hero member
Activity: 2870
Merit: 594
November 23, 2017, 05:36:33 AM
#68
Fear of holding ? Did you know that any holder that purchased this year BTC have earned 1k% roi ?

That doesn't really address the OP's question. The risk profiles of buying at $8200 today vs. buying at $750 in January are very different. While I do think that BTC will climb higher as we head into the new year, I would be very nervous about long term investment at this level.

If I were buying in for the first time today, I'd probably be looking to sell on a 50-100% gain, then re-buy during the eventual crash. The parabola can't continue forever. It might feel like a "new paradigm" now, but there will be some brutal shakeouts along the way to million dollar bitcoins.
The risk today is lesser than earlier. There is a huge price difference in the current and of January but the users of bitcoin today are too bold to buy bitcoin than the earlier buyers and users. Bitcoin proved itself with time to time, I am pretty much confident to say that bitcoin will gain a tremendous price in the coming three years.

Well sure, in the coming three years. That's not the time frame I had in mind, hence the reference to "buying at $8200 today." I think the price will go a lot higher both in the mid term and long term. In three years, I could see BTC hitting $100k. But there could be extreme volatility between now and then, given how fast the price rose in such little time.

The price could drop in half from here over the next month, and it wouldn't surprise me. Let's just hope that we don't have to wait through another 2-year bear market again. Fingers crossed.

With the current number of investors and whales, I don't think that bitcoin could you on a 2 year bear market as before. The situation now is different, demand is high and bitcoin being offered in different industry like in realty sector.

I also don't agree with the "drop in half" statement, it could drop a little and the max drop I can think of is around 20% in my opinion. Too much at stake right now that investors would go buying in dips that a significant dent is highly unlikely. And the current increase after topping $8000 is kinda slow now, maybe its already saturated and a price correction is needed, but I doubt it will go down that hard.
hero member
Activity: 697
Merit: 520
November 23, 2017, 04:28:52 AM
#67
Fear of holding ? Did you know that any holder that purchased this year BTC have earned 1k% roi ?

That doesn't really address the OP's question. The risk profiles of buying at $8200 today vs. buying at $750 in January are very different. While I do think that BTC will climb higher as we head into the new year, I would be very nervous about long term investment at this level.

If I were buying in for the first time today, I'd probably be looking to sell on a 50-100% gain, then re-buy during the eventual crash. The parabola can't continue forever. It might feel like a "new paradigm" now, but there will be some brutal shakeouts along the way to million dollar bitcoins.
The risk today is lesser than earlier. There is a huge price difference in the current and of January but the users of bitcoin today are too bold to buy bitcoin than the earlier buyers and users. Bitcoin proved itself with time to time, I am pretty much confident to say that bitcoin will gain a tremendous price in the coming three years.

Well sure, in the coming three years. That's not the time frame I had in mind, hence the reference to "buying at $8200 today." I think the price will go a lot higher both in the mid term and long term. In three years, I could see BTC hitting $100k. But there could be extreme volatility between now and then, given how fast the price rose in such little time.

The price could drop in half from here over the next month, and it wouldn't surprise me. Let's just hope that we don't have to wait through another 2-year bear market again. Fingers crossed.
hero member
Activity: 2926
Merit: 636
November 23, 2017, 03:38:38 AM
#66
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.
Education is more important because when you are educated you will not gonna be afraid on investing because you know what you can afford to risk.
Bitcoin increase more than %600 this year and that will give a good return for people who are not afraid to hold bitcoin as long term investment, just trust yourself and believe on what you can do as you will never be successful if you love to play safe all the time.
newbie
Activity: 49
Merit: 0
November 23, 2017, 03:28:53 AM
#65
Fear of holding ? Did you know that any holder that purchased this year BTC have earned 1k% roi ?

That doesn't really address the OP's question. The risk profiles of buying at $8200 today vs. buying at $750 in January are very different. While I do think that BTC will climb higher as we head into the new year, I would be very nervous about long term investment at this level.

If I were buying in for the first time today, I'd probably be looking to sell on a 50-100% gain, then re-buy during the eventual crash. The parabola can't continue forever. It might feel like a "new paradigm" now, but there will be some brutal shakeouts along the way to million dollar bitcoins.
The risk today is lesser than earlier. There is a huge price difference in the current and of January but the users of bitcoin today are too bold to buy bitcoin than the earlier buyers and users. Bitcoin proved itself with time to time, I am pretty much confident to say that bitcoin will gain a tremendous price in the coming three years.
hero member
Activity: 697
Merit: 520
November 23, 2017, 03:26:11 AM
#64
If you believe in certain coins, just simply HODL.
Allocate certains funds for regular trades.
Make profit.
Put some more for HODL.
Trade and repeat.

This is the way to do it. Early on in my crypto trading career, I allocated all of my funds to trading. It made me too emotional, as I was always in a "risk on" position. And in the end, I got bitten pretty hard by a couple exchange "hacks."

Building a portfolio and switching to the daily/weekly time frame for trading are the two most important things I can recommend. Once you do it for a while, the swings of trading will be better hedged by your portfolio (which you should rebalance depending on market conditions). And getting away from the charts is good for one's trading psychology.
copper member
Activity: 490
Merit: 105
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November 23, 2017, 03:20:31 AM
#63
We both are in the same boat since I do this too. Just when I buy some altcoin the price goes down in some days and then when I decide to sell it what I see after a few days is a huge spike in its price. So I have decided not to trade altcoins until I am sure of trading them. You could just simply hold and forget about them if you plan on to hold them for a long term but the short term and intraday trades would still be a tougher job.
Patience is the only key to a good trade.
member
Activity: 130
Merit: 10
November 23, 2017, 03:10:05 AM
#62
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.
hero member
Activity: 2604
Merit: 816
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November 23, 2017, 03:08:49 AM
#61
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.
member
Activity: 130
Merit: 10
November 23, 2017, 02:25:32 AM
#60
Fears are the most scared experiences that most of us have to been through . But it if you made it, it will be the most valuable lesson for you to become success.
full member
Activity: 364
Merit: 100
November 23, 2017, 02:21:59 AM
#59
The holding can’t be fear for you if your strategy is good for making good amount of profit. When you invest your money into different coins then from one coin if you get loss then from another you will compensate the loss. The currency like bitcoin is good for it’s value if you hold your amount in bitcoin you will be fear free.
member
Activity: 476
Merit: 11
November 23, 2017, 01:32:25 AM
#58
If you believe in certain coins, just simply HODL.
Allocate certains funds for regular trades.
Make profit.
Put some more for HODL.
Trade and repeat.
hero member
Activity: 1274
Merit: 516
November 23, 2017, 01:20:32 AM
#57
No, holding is only for the moment when there are no great trade or you doubt about the coin, when you build more experience you will know what will the maximum price and when to sell the coin, it takes years of practice to do that, all of us understand the fear of losing money and all traders ever being there, but if you keep on learning you will surpassed your fear and become big trader
full member
Activity: 258
Merit: 100
Look ARROUND!
November 23, 2017, 01:04:45 AM
#56
By the way, you also received profit already. You should not too greedy. If you sell at low price, you can buy it again if you think that it will continue go up in the fututre
full member
Activity: 294
Merit: 114
November 23, 2017, 12:04:16 AM
#55
Holding only depends on one's understanding and perception. If you treat HOLDING as an additional income then it will affect your decision and emotion, such as there is a gradual increase or decrease of its price which you might eventually do either buy or sell, which you think will favor you most. I don't think of holding as an additional income, even for a long-term. I just save all my cash w/c are all converted into bitcoin and think of it like the money I saved in the bank. Also, it might help overcome your fear if you reduce believing in such people opinion(s), the important thing is your faith and trust on the coin that you have invested in. Lastly, don't think too much of the coin that you save / hold, think that they don't exist at all, it will reduce your stress or tension especially if there's another update or news regarding the coin that you are holding.
full member
Activity: 196
Merit: 100
November 22, 2017, 11:59:54 PM
#54
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.
 Waiting around for more and more money?
It is not that simple, but it is possible.
There are few things that you should do while holding(lets suppose you bought coins and you want to hold them for few years)
-Forget about them
-Don't listen to FUD
-Don't read news
-Come back after few years and sell them.

Quote
How do you traders do it, hold and hold and hold.
Traders trade and investors hold.

I would like to disagree on some points here. I still think that it's important for an investor to read the news and be updated with the current events. Even though some may draw out fear or would make one to panic sell, I still think that being up to date is still pretty important because this may help you in making financial decisions especially for investors.

There will always be that fear and I would want to point out that it's because there is a risk in investing so the best way would be to just continue to have faith in your investment.
True, regardless of any news and FUDs it is still your decision to make how long you will hold your investments, it's not easy to do specially when you are too skeptical of your earnings.
all I can say is be brave enough to hold your coins and just do proper research and analysis to maximize the Gain you will realize in the future.
newbie
Activity: 10
Merit: 0
November 22, 2017, 11:59:28 PM
#53
personally, i wont hold the altcoin except bitcoin itself, it makes me scared to hold the altcoin, moreover the bitcoin price is rising up, if you want to hold some altcoin, better you do a research to altcoin that be your target, know the dev and the team and search the history of that coin.
full member
Activity: 686
Merit: 146
November 22, 2017, 11:52:52 PM
#52
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.
 Waiting around for more and more money?
It is not that simple, but it is possible.
There are few things that you should do while holding(lets suppose you bought coins and you want to hold them for few years)
-Forget about them
-Don't listen to FUD
-Don't read news
-Come back after few years and sell them.

Quote
How do you traders do it, hold and hold and hold.
Traders trade and investors hold.

I would like to disagree on some points here. I still think that it's important for an investor to read the news and be updated with the current events. Even though some may draw out fear or would make one to panic sell, I still think that being up to date is still pretty important because this may help you in making financial decisions especially for investors.

There will always be that fear and I would want to point out that it's because there is a risk in investing so the best way would be to just continue to have faith in your investment.
sr. member
Activity: 714
Merit: 250
November 22, 2017, 11:38:19 PM
#51
What I am doing is buy coin and live it for what ever happened because I have an objective to sell them by 2019. I am holding them for long term purpose and my objective is that if any of them can go 10× I will recover my investment and the remaining will be my profits.
I am sorry friend but I disagree, it will not solve the problem. Its depend on what coin is that you hold, if you hold btc or eth, it will be fine but you will still afraid if you hold  the other coin. Fundamentals is very important to considers any investment type.
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