Topic: Is it wrong to be a long term holder - page 4. (Read 849 times)
Many investors want to get as much profit as possible from cryptocurrency investments, and even if the price of the cryptocurrency in which they invested has grown in tens or even hundreds of times, they do not fix the profit and they just wait when this cryptocurrency will grow even more, but the fact is that this cryptocurrency can again fall in price and then the profit will be much less or in general the price of this cryptocurrency can fall to the bottom too, then it will be possible to say goodbye to your investments, well, generally speaking, each cryptocurrency investor has his own investment goals and each investor decides for himself when to fix profit.
Why do people refuse to take profits when their coins and tokens are surging so high? Should this be called greed or they simply have strong believe that the coins and tokens will worth more in future? Is it wrong to keep holding coins even when they bring 1000x profits cos everyone seem to be talking about 'greed' here and there
Long term holder is have strong faith in the token they holding and expect that it will pump through over the years. Holding token in long term is cannot be called greedy as what i have said they believe and have guts that it will be more valuable the more they hold it. Some other holders refuse to hold in long term because they want to earn in instant but they never expect that it will be the top 10 highest value in crypto in the future and so thats the time they regrets at the end of there cryto journey on that token they missed to hold.
It's all depends on the situation, most times it's base on their decision before they accumulated the coin and their the budget they have for it.
If the Budget is to hit 1000 × without it getting their most people won't sell.
I have a friend who have been saving 4 eth since 28th Feb 2017 and he said until eth hit 10k $ each that he is not selling any single one of it.
If the Budget is to hit 1000 × without it getting their most people won't sell.
I have a friend who have been saving 4 eth since 28th Feb 2017 and he said until eth hit 10k $ each that he is not selling any single one of it.
It's not wrong. But it's dangerous with some coins. BTC and ETH for example you should HODL. Others are questionable. But HODLing is also not great thing because stays without any moving and it doesn't provide anything for market. If everyone would HODL nothing good wouldn't happen.
I will try to take from here: https://prnt.sc/1rs2exg is one of the statements from CZ.
So, what can we take there? Most people find it difficult to hold crypto long term, when they go up they want to quickly take profit for fear of going down, when the market goes down they immediately panic selling. This means that if you are used to crypto and live your daily life using crypto, then you will get used to long-term holding without thinking about selling. The point is that crypto is a part of everyday life, not just a trading & investment tool.
So, what can we take there? Most people find it difficult to hold crypto long term, when they go up they want to quickly take profit for fear of going down, when the market goes down they immediately panic selling. This means that if you are used to crypto and live your daily life using crypto, then you will get used to long-term holding without thinking about selling. The point is that crypto is a part of everyday life, not just a trading & investment tool.
Why do people refuse to take profits when their coins and tokens are surging so high? Should this be called greed or they simply have strong believe that the coins and tokens will worth more in future? Is it wrong to keep holding coins even when they bring 1000x profits cos everyone seem to be talking about 'greed' here and there
there are many possibilities and surely everyone has their own opinion why someone can be a strong holder and other people are very easy to FOMO in the market. because in the end, according to someone's opinion, each assesses an investment asset that they choose in the coin. and looking for 1 project out of thousands of projects is not an easy thing either.
Why do people refuse to take profits when their coins and tokens are surging so high? Should this be called greed or they simply have strong believe that the coins and tokens will worth more in future? Is it wrong to keep holding coins even when they bring 1000x profits cos everyone seem to be talking about 'greed' here and there
Sometimes greed will lead us into a losing position and I think, we should have our aim targeted profit in trading. Long-time trading is a safe method in all trading methods, all you have to do is wait for it and set the desired amount of profit when there is a bull run come. Bull run was always expected right after 4 years when the next halving will successfully come, so in the long term, potentially it will create another ATH in the future right after 4 years or 5 years of waiting.
Not all holders had to get rewarded but if we hold Bitcoin, ETH, and BNB, I've become certain that we gain profit from them.
Only the solid alts will be worth holding long term. But most, like about 90% of alts are not worth holding long term. When you see the chance to sell and you are already in profit, better discard it and not wait for it to miraculously go high without reason. But there's nothing wrong being a long time holder because it is your funds, but it is better to be smart on things rather than lose your investments.
However, holding them for the rest of your life might sound stupid already. How can you enjoy the profits if you are already weak and dying? So always think of the usefulness of the coins while they are profitable. In that case, you are not being greedy already as you have your concrete plan how to make use of your profits and be more productive.
Why do people refuse to take profits when their coins and tokens are surging so high? Should this be called greed or they simply have strong believe that the coins and tokens will worth more in future? Is it wrong to keep holding coins even when they bring 1000x profits cos everyone seem to be talking about 'greed' here and there
Sometimes greed will lead us into a losing position and I think, we should have our aim targeted profit in trading. Long-time trading is a safe method in all trading methods, all you have to do is wait for it and set the desired amount of profit when there is a bull run come. Bull run was always expected right after 4 years when the next halving will successfully come, so in the long term, potentially it will create another ATH in the future right after 4 years or 5 years of waiting.
Not all holders had to get rewarded but if we hold Bitcoin, ETH, and BNB, I've become certain that we gain profit from them.
Only the solid alts will be worth holding long term. But most, like about 90% of alts are not worth holding long term. When you see the chance to sell and you are already in profit, better discard it and not wait for it to miraculously go high without reason. But there's nothing wrong being a long time holder because it is your funds, but it is better to be smart on things rather than lose your investments.
Why do people refuse to take profits when their coins and tokens are surging so high? Should this be called greed or they simply have strong believe that the coins and tokens will worth more in future? Is it wrong to keep holding coins even when they bring 1000x profits cos everyone seem to be talking about 'greed' here and there
Sometimes greed will lead us into a losing position and I think, we should have our aim targeted profit in trading. Long-time trading is a safe method in all trading methods, all you have to do is wait for it and set the desired amount of profit when there is a bull run come. Bull run was always expected right after 4 years when the next halving will successfully come, so in the long term, potentially it will create another ATH in the future right after 4 years or 5 years of waiting.
Not all holders had to get rewarded but if we hold Bitcoin, ETH, and BNB, I've become certain that we gain profit from them.
Why do people refuse to take profits when their coins and tokens are surging so high? Should this be called greed or they simply have strong believe that the coins and tokens will worth more in future? Is it wrong to keep holding coins even when they bring 1000x profits cos everyone seem to be talking about 'greed' here and there
Sometimes greed will lead us into a losing position and I think, we should have our aim targeted profit in trading. Long-time trading is a safe method in all trading methods, all you have to do is wait for it and set the desired amount of profit when there is a bull run come. Bull run was always expected right after 4 years when the next halving will successfully come, so in the long term, potentially it will create another ATH in the future right after 4 years or 5 years of waiting.
Why do people refuse to take profits when their coins and tokens are surging so high? Should this be called greed or they simply have strong believe that the coins and tokens will worth more in future? Is it wrong to keep holding coins even when they bring 1000x profits cos everyone seem to be talking about 'greed' here and there
maybe they simply have strong believe that the coins and tokens will worth more in future, but if the price has increased by 1000x, then I suggest it is better to sell it and look for a new project to invest, because the profit earned is already very big (1000x), therefore if I were in that position, then I would definitely sell it and invest in another project, because if I am greedy, then of course I can lose the opportunity to get 1000x profit.
Refuse to sell when the price is high because humans are greedy and there is nothing wrong with those who become holders and get x1000 profit. those who survive are those who benefit
Everyone has a choice, both as a long-term holder and also as a trader.
As long as you know your position and also your own strategy, just do it and go on.
Nothing to think about what people say because they will say differently.
There will be some pross to holder but vice versa will prefer to trade.
As long as we know what we are investing will be worthy in the future and we know the risks, why not?
As long as you know your position and also your own strategy, just do it and go on.
Nothing to think about what people say because they will say differently.
There will be some pross to holder but vice versa will prefer to trade.
As long as we know what we are investing will be worthy in the future and we know the risks, why not?
Why do people refuse to take profits when their coins and tokens are surging so high? Should this be called greed or they simply have strong believe that the coins and tokens will worth more in future? Is it wrong to keep holding coins even when they bring 1000x profits cos everyone seem to be talking about 'greed' here and there
Usually long term holder have their own target in what profit they will take so it is worth the waiting. I think it is not greedy because people usually not want to waste their time when they wait for a long time and take profit less than their target. Greed or not is depends on what style of his trading activity. And there are only thin line between greedy and what they aim, as long they can get profit i think it is not a problem. 
this is the problem of greed, most people are not investing for the purpose of making a profit and spending in the real world, they are investing to make themselves look like they have been doing hodl for years or just to be enchanted by numbers they look in their wallets, Is sad that this happens because what is the sense of doing this? the person has already made 1000X profit so why the hell will he continue with the eternal hodl without spending the coins? I don't understand this way of thinking
If they sure why not? there is no human who is not greedy. All greedy!!. This could have happened to them in the past, there may have been a regret selling their coins last year and if they survive this year will get 1000x. Based on their experience they would be sure something similar will happen. And if you look at the last 2 years, I think everyone is getting a big profit if they sell their coins nowadays.
Fear and greed are the root of all evil, the more we want the more we loss in the long term. That is reason having a trading plan prevents such down in trading journey and traders will not keep chasing that trend anymore. 
It takes a lot of practices and patience, you have to be mentally tough as well not to be tempted to sell when the price is high. But in any case, not that bad to take profits from time to time and then buy then continue to hold, that's also a good practice.
And for those who doesn't sell at its peaked, maybe they know that this coin is going to be worth ever higher in the future. The key thing here is timing, and then you also have your goals. So holding is not for everyone I guess.
And for those who doesn't sell at its peaked, maybe they know that this coin is going to be worth ever higher in the future. The key thing here is timing, and then you also have your goals. So holding is not for everyone I guess.
That's what makes us impatient, maybe visiting the market often is one of us being tempted to sell it too early. I think this is quite reasonable, when we have quite large assets and the more we visit the market, the more it makes us easier to be tempted to sell because seeing the price rise a little, we (especially me) are more easily influenced.
Being a long term holder is not that easy because there comes times when it is so tempting that we get the craving to sell whether it be because of a bull market or a bear market.
But still many people keep holding on to their coins because somewhere in their mind they have decided not to sell until a specific price has arrived.
This is generally when they believe that the particular coin will definitely reach that price or may be because of greed.
Even I believe that the coins in my portfolio will definitely reach a price I have in my mind.
Also, long term HODLing can give massive gains which even trading cannot give sometimes.
So being a long term holder is not wrong but actually a tough job.
But still many people keep holding on to their coins because somewhere in their mind they have decided not to sell until a specific price has arrived.
This is generally when they believe that the particular coin will definitely reach that price or may be because of greed.
Even I believe that the coins in my portfolio will definitely reach a price I have in my mind.
Also, long term HODLing can give massive gains which even trading cannot give sometimes.
So being a long term holder is not wrong but actually a tough job.
People of course have their own strategies, if he has good finances of course holding for the long term is very profitable, for me crypto is a short term investment or less than a year, the longest time I held a coin was 8 months because at that time the price skyrocketed up to 3x and made me impatient and immediately sold.
This is a great question. People don't take profits because you can't time the market. Only whales know when they are going to pump and dump to liquidate margin traders and the rest of us are along for the ride.
Whales can only crash a coin/project completely when the coin in question is a pump and dump one, I've seen it happen a couple of times already in the network when one big holder/whale sells off all his stash and that was the end of such a coin, that's the more reason why as an investor it is expected of you to do your research, and then afterwards choose wisely the coin you'll put your money into, it is not possible for any individual or corporation to completely crash the Bitcoin network, they could cause a depreciation in the price for the meantime, but it'll only be temporary and going forward it'll appreciate yet again, thus making Bitcoin a very great choice for long time investments. Jump to: