How to overcome the fear of holding? - page 36.

Footmanred

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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's just that everyone realistically understands that there are always people like you, you will sell your savings, in the hope of minimizing losses, they will buy you cheaper at a price, and then wait for a raise, and after such recessions, the volatility and all, the whole secret success.

/GeertJohan

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Don't panic and don't get fear to holding a bitcoin or any altcoins.. You just check the rate every day when a value is getting high just trade it.. another way is just you hold that in more 5 Or 6 years and trade it..

entrepmind23

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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?

You just decide if what are the coins you intend to hold for the long term and for the short term. If you intend to hold the coin for the long term then don't waver even if the price goes down because it will just go back up or you can buy more of it to average down. If you bought a coin to profit for the short term then you can just set a target price to sell or stop loss price if it goes against your trade and if you feel that it has more room for the price to increase then set a trailing stop loss to lock in your profit. Just follow your strategy and stick to it and then adjust if its not effective anymore. You cannot always buy at the bottom and sell at the top.

terrific

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Quote from: shintosai on November 21, 2017, 01:16:35 AM

Quote from: terrific on November 21, 2017, 01:07:27 AM

Quote from: NavySeals on November 20, 2017, 02:50:57 PM

Quote from: terrific on November 20, 2017, 09:45:35 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?

I've been there and it really makes me feel worst if I'm riding those hype makers and just suddenly sold the bitcoins that I hold out of the thinking that it won't go up again. I know it's really upsetting and makes you feel bad but charge to experience. How many times do you think you've done that? In my case, I did that for so many times and by mid year of this year when I saw potential growth of bitcoin, what I do now is I just keep on holding and holding.

It's not that hard, the moral aspect of the situation is important. Everything goes on in our brain. If we can control our brain, we can make ourselves be ready for holdin, selling, trading, mining. Anything you want. Saying this as a holder.

How can you control your brain? I've seen many people that are keep on saying that "control yourself" , "control your emotion" and now "control your brain". In reality, when you are in the situation of you are witnessing in front of your eyes that the coin you are holding is dumping, you can't the pressure. You will think about only your losses and will forget about the long term plans that you have set.

quite true mate its really hard to do dealing with your emotions, especially when you are witnessing the event, that's the reason we needed to have
enough knowledge with the current situations, so when the trend is falling and we are knowledgeable enough that it will just a temporary movement
then we can skip that first and leave it as we knew that it will bounce back and gains will be ours.

Dealing with emotion is the hardest battle that we can be with. If you know the sayings about the hardest enemy is ourselves. Overcoming the fear of holding is one of my weakness before and I can say even up until now. I used to be a weak hand but I'm doing my best just to keep on selling at the peak and gain some profits. But if you do really want to overcome holding one thing you can do is set an amount on what's your preferable gain price for bitcoin or altcoin you hold.

BabyBoss

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I experienced about this before even though I don't like to sell my coins I sell it at low price because I have my reasons, and it makes me sad. I feel so regretful knowing that the price of that coins today is so expensive. Sometimes, emotions are not enough reasons to sell it at low price.

musharaf

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If you put all your money into one currency then you will fear of holding but if you put all your money into different altcoins then you will not fear more because from one currency if you get looses the other will bear the loss and then you will also get profits from them. If you hold your money into one currency then the chances of risk is high.

shintosai

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Quote from: terrific on November 21, 2017, 01:07:27 AM

Quote from: NavySeals on November 20, 2017, 02:50:57 PM

Quote from: terrific on November 20, 2017, 09:45:35 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?

I've been there and it really makes me feel worst if I'm riding those hype makers and just suddenly sold the bitcoins that I hold out of the thinking that it won't go up again. I know it's really upsetting and makes you feel bad but charge to experience. How many times do you think you've done that? In my case, I did that for so many times and by mid year of this year when I saw potential growth of bitcoin, what I do now is I just keep on holding and holding.

It's not that hard, the moral aspect of the situation is important. Everything goes on in our brain. If we can control our brain, we can make ourselves be ready for holdin, selling, trading, mining. Anything you want. Saying this as a holder.

How can you control your brain? I've seen many people that are keep on saying that "control yourself" , "control your emotion" and now "control your brain". In reality, when you are in the situation of you are witnessing in front of your eyes that the coin you are holding is dumping, you can't the pressure. You will think about only your losses and will forget about the long term plans that you have set.

quite true mate its really hard to do dealing with your emotions, especially when you are witnessing the event, that's the reason we needed to have
enough knowledge with the current situations, so when the trend is falling and we are knowledgeable enough that it will just a temporary movement
then we can skip that first and leave it as we knew that it will bounce back and gains will be ours.

terrific

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Quote from: NavySeals on November 20, 2017, 02:50:57 PM

Quote from: terrific on November 20, 2017, 09:45:35 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?

I've been there and it really makes me feel worst if I'm riding those hype makers and just suddenly sold the bitcoins that I hold out of the thinking that it won't go up again. I know it's really upsetting and makes you feel bad but charge to experience. How many times do you think you've done that? In my case, I did that for so many times and by mid year of this year when I saw potential growth of bitcoin, what I do now is I just keep on holding and holding.

It's not that hard, the moral aspect of the situation is important. Everything goes on in our brain. If we can control our brain, we can make ourselves be ready for holdin, selling, trading, mining. Anything you want. Saying this as a holder.

How can you control your brain? I've seen many people that are keep on saying that "control yourself" , "control your emotion" and now "control your brain". In reality, when you are in the situation of you are witnessing in front of your eyes that the coin you are holding is dumping, you can't the pressure. You will think about only your losses and will forget about the long term plans that you have set.

NavySeals

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Quote from: terrific on November 20, 2017, 09:45:35 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?

I've been there and it really makes me feel worst if I'm riding those hype makers and just suddenly sold the bitcoins that I hold out of the thinking that it won't go up again. I know it's really upsetting and makes you feel bad but charge to experience. How many times do you think you've done that? In my case, I did that for so many times and by mid year of this year when I saw potential growth of bitcoin, what I do now is I just keep on holding and holding.

It's not that hard, the moral aspect of the situation is important. Everything goes on in our brain. If we can control our brain, we can make ourselves be ready for holdin, selling, trading, mining. Anything you want. Saying this as a holder.

ditinhu

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You are not wrong to sell fast, it is better to profit than to lose.

So that you can hold the coin longer, let it stop, and do not keep looking at the value of it all the time, expect it to raise the value and sale a lot.

Small profits are better than losses, but with patience you can make better profits.

jahziellazaro

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Best before long-term investment you should consider carefully and create your stance, if you do not do so you can sell all your assets and you certainly will not make much profit.

martin1221

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When you are holding a coin, try to control your emotions,because it is the main reason why we sell early, and for addition, make sure you are following that website of that coin, or their telegram to have some update to that coin, it is very important in trading

terrific

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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've been there and it really makes me feel worst if I'm riding those hype makers and just suddenly sold the bitcoins that I hold out of the thinking that it won't go up again. I know it's really upsetting and makes you feel bad but charge to experience. How many times do you think you've done that? In my case, I did that for so many times and by mid year of this year when I saw potential growth of bitcoin, what I do now is I just keep on holding and holding.

no0dlepunk

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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?

Tell me, you had sold your bitcoins when the BCH scammed our community, hadn't you? Well, you are not alone. I'll be honest with you, dude - I was holding my bitcoins for the longest time and I had overcome all the previous FUDs - but Roger Ver and McAfee's FUD hit me so damn hard that I had lost my faith in bitcoin. So to your question, my answer is "don't watch the graph, don't read the news, don't browse on twitter". If you want to HODL big time, then just buy your coin, keep it intact, and forget about it. I guess that's the biggest lesson that I had learned the HARDEST way.

By the way, I really wanna give McAfee and Roger Ver an all time high middle finger. That's all a poor man like me can do.

wantjokull

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Don’t know how you fall for that one. I mean you know every well that bitcoin will rise in the future then why one should go for selling out of the fake fear that occurs in our body. Im holding more than 6 coins and they have been up and down many times but I will just sip my cup of coffee every other morning looking at the dancing like a wave. Its no fear at all, just have faith in them and think technically that they are just making some upgrades or may be the company is on holiday, I don’t know but I just think something thoughtful which makes it easy to think positive and let the wealth grow automatically. Thats the way one should always work.

bitgolden

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Quote from: richminded on November 10, 2017, 07:18:54 PM

If you hold bitcoin and planning sold in after years then there’s no reason to be afraid because we all know bitcoin is powerful and it will surely soaring higher in the coming years. If you don’t have much knowledge on trading then you should try to hold so you can secure profit in the future.

Although bitcoin investment is a good investment and we do not need to fear about our investment in bitcoin. Although the price can come down a little but for not a long time.

Because still bitcoin has too much potential and it is expected that the price of bitcoin is going to cross 10000 before the ending of 2017, therefore still we have some good opportunities to invest money in bitcoin and get some good profit and there is no need to worry about investment in bitcoin.

Slow death

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

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.

you could also lose 10-50x, see: December last year many altcoins had a very cheap price, lisk, neo, waves, siacoin, eth, monero ... if you had invested in December and if you hold until July this year, you would have made big profits but if you had bought in July, you would be crying because you lost a lot of money today.

in July many people bought siacoin for 600 satoshi to 700 satoshi, there is a guy who according to him, he invested 2 btc in siacoin when the price of siacoin was 700 satoshi, see now the price of siacoin is 52 satoshi

Neo was 0.006 btc and many people bought at this price and now see that the price of neo is struggling to reach 0.005 btc

you do not know when low is low and when high is high, set a percentage of profit and loss.

TheCoinFinder

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First you should remember that trading with cryptocurrency isn't something that will make you rich over night.
If you want good profits out of your investment, you need to learn how to deal with ups and downs.
Bitcoin is a high volatility currency, you must have patience and wait longer for higher profits.

cluit

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Quote from: LeGaulois on November 10, 2017, 05:45:23 PM

Simply forget about your coins. Stop to read any news related and stop to check the price daily or 2-3 times a day. You will have less stress and so less fear of your coins. Do it at least 1 month and you will see. 1 month is nothing in a life. After a month just do your usual stuff once a week, check the rate, read some news, ect, close everything and keep rolling the life.

I do not think that this is the right solution for that. How can person ignore his investment and specially if he is a short term trader, he need to check the price from time to time and take a right decision in a right time. I think best option can be to invest such amount of money that we can easily bare to lose. Through this way I think we can minimize the fear of holding bitcoin or any other altocin.

katiecbell

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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?

Price of bitcoin is not as such predictable therefore I do not think that one can 100% over the fear of holding bitcoin. In fact we can expect anything from bitcoin. Bitcoin price can drop too much in a single day and can also rise more than 1000$ in few hours.

Therefore the element of fear from holding bitcoin cannot separate. Still have good experience in trading we can handle the situations in a good way and can minimize the risk of losing money.

Topic: How to overcome the fear of holding? - page 36. (Read 4505 times)