Topic: Tips to Becoming a Successful Holder - page 2. (Read 744 times)
We know how the basic become a holder but of course, it takes an additional path with it to make sure you've got the right timing to buy and sold your assets, having a basic understanding and knowledge regarding with the technical analysis is a must I guess because this basic fundamental gives an insight where the time to make a mark with your position, also ideal holder does have their own wallet and not just being dependent with those exchange to store their funds.
According to me the most important thing required to become a successful holder is patience and belief.
One only sells because either he is impatient and is doing a panic sell or when he thinks that the project is about to collapse.
A successful holder has the patience to hold the coin for a long term and believes in the project he has invested in.
I am a successful holder of bitcoin because I have seen bitcoin go from $4k to $19k then back to $3k to $69k and then back to $16k.
Yet I am holding my coins because I know they are worth more than any of these prices.
One only sells because either he is impatient and is doing a panic sell or when he thinks that the project is about to collapse.
A successful holder has the patience to hold the coin for a long term and believes in the project he has invested in.
I am a successful holder of bitcoin because I have seen bitcoin go from $4k to $19k then back to $3k to $69k and then back to $16k.
Yet I am holding my coins because I know they are worth more than any of these prices.
Good point, but before you guys start as "HODLER" better to watch with crypto you hold with 
This is the definition of true HODLER, just buy send to cold wallet and forget it. People like me cant be the true hold since im watch everyday where the price is going it kills me slowly when watch porto at red position.
other tips you can actually make a good money by holder some crypto like eth, or cardano or bnb by staking it and use your money as collateral so it locked up withdraw when coin touch new ATH
I mean, just set a goal if you'd like to get out at some point, and just don't price watch. Set up an alert at the price point you'd like to take some or all of your Bitcoin out, and don't watch the price in the mean time. You don't have to be actively using Bitcoin to hold it, and that's the beauty. You can practically remove most of the emotional risks by just not watching the price.
I don't think I'm a die hard holder or anything, but I barely look at the price. I mostly get my price information from what users post here, rather than go out of my way to look for it. I'm simply not bothered by the current price of Bitcoin.
I don't think I'm a die hard holder or anything, but I barely look at the price. I mostly get my price information from what users post here, rather than go out of my way to look for it. I'm simply not bothered by the current price of Bitcoin.
This is the definition of true HODLER, just buy send to cold wallet and forget it. People like me cant be the true hold since im watch everyday where the price is going it kills me slowly when watch porto at red position.
other tips you can actually make a good money by holder some crypto like eth, or cardano or bnb by staking it and use your money as collateral so it locked up withdraw when coin touch new ATH
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6. Diversification- Diversify, do not put all your eggs in one basket
This point has a broad meaning. Besides not recommended to store it in one wallet, it may also be necessary to diversify assets across several options.Yes. I totally agree with what you just said mentioned above, because in as much as it's not advisable to store all your crypto assets in one wallet, another important factor will be the need to properly keeping that your 12 key phrase in a safer place, as that's the only key to accessing your funds. Whereas, USDT or BUSDT can be an recommended alternative after Bitcoin
maybe it can be divided into 2 wallets. the first wallet is for the main wallet which is filled with assets that will be held long term and the second wallet is used as a temporary storage wallet for trading activities and the like. Perhaps this way would be more secure, so the main wallet in the long term would not open as often. for the security of the wallet depending on the user, the private key or 12 key phrases must be stored in a safe place and only the owner can access it, because many private key incidents are hacked so all assets are lost.
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6. Diversification- Diversify, do not put all your eggs in one basket
This point has a broad meaning. Besides not recommended to store it in one wallet, it may also be necessary to diversify assets across several options.Yes. I totally agree with what you just said mentioned above, because in as much as it's not advisable to store all your crypto assets in one wallet, another important factor will be the need to properly keeping that your 12 key phrase in a safer place, as that's the only key to accessing your funds. Whereas, USDT or BUSDT can be an recommended alternative after Bitcoin
Becoming a successful holder is everyone's dream, but some of them are not aware that wrong practice will not make them a successful holder.
Exactly, it's like holding assets long term on a centralized exchange. It is one of the wrong practices of a holder where the safety of his assets is at stake on the reputation of the exchange.Some of the OP's tips may help people get a proper knowledge. Investing in crypto, being a holder is a risky choice, and all of them must know how to minimize it, including keeping their storage secure.
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6. Diversification- Diversify, do not put all your eggs in one basket
This point has a broad meaning. Besides not recommended to store it in one wallet, it may also be necessary to diversify assets across several options. HODL is a term commonly used by cryptocurrency investors that refuse to sell their cryptocurrency regardless of the price increasing or decreasing. It is more frequently used during a bear market when people refuse to sell their coins despite the price drop. Therefore, a holder is someone that HODLs bitcoin no matter the market situation.
Who is a Successful Holder?
How to Become a Successful Holder
1. Choose a trusted and reliable wallet and exchange to trade and keep your cryptocurrency.
2. DYOR - Do your own diligent research
3. Do your fundamental analysis
4. Stay informed - Be up to date with news
5. Be Strategic - Do not invest all your lifesaving, only save the amount you can afford to lose
6. Diversification- Diversify, do not put all your eggs in one basket
7. Cold Wallet storage - Lock up your crypto and tokens. It will relieve you of mental pressure.
What do you think? What other tips are there for becoming a successful holder?
Sources:
- https://remitano.com/learn/ng/121550-how-to-be-a-successful-hodler
- https://academy.binance.com/en/glossary/hodl
Who is a Successful Holder?
- A person who is a Skeptic. Most of the time, our skepticism is obscured by feelings, fear, and greed, which leads to poor conclusions. When it comes to your money, doubt is typical. However, your skepticism should be paired with a realistic and safe investment strategy. Avoid using excessively dangerous platforms, exchanges, and wallets, and don't leave anything to chance. Be on the lookout for planned pump-and-dump operations and frauds. Your skepticism will alert you any time something doesn't seem to add up. When something seems too wonderful to be true, it was generally a bad decision.
- A person with a basic understanding of the technology behind blockchain and cryptocurrency to be able to make good investment decisions.
- A person with the right and correct information all news and development about crypto with no exception because the blockchain space is rapidly evolving, socially, technically, and legally and staying updated is important to keeping money safe.
- A person with a working strategy which includes an investment plan, a target to take profit, and the duration of the investment.
- A person who is security-conscious. The individual keeps their wallet password securely both online and offline. Does not share their private key and trades on highly secured platforms and exchanges. Because they know that a breach in the security of a platform can result in the loss of fortunes.
How to Become a Successful Holder
1. Choose a trusted and reliable wallet and exchange to trade and keep your cryptocurrency.
2. DYOR - Do your own diligent research
3. Do your fundamental analysis
4. Stay informed - Be up to date with news
5. Be Strategic - Do not invest all your lifesaving, only save the amount you can afford to lose
6. Diversification- Diversify, do not put all your eggs in one basket
7. Cold Wallet storage - Lock up your crypto and tokens. It will relieve you of mental pressure.
What do you think? What other tips are there for becoming a successful holder?
Sources:
- https://remitano.com/learn/ng/121550-how-to-be-a-successful-hodler
- https://academy.binance.com/en/glossary/hodl
Good directions. Just buy and hold bitcoin. Perform DCA in and DCA out. With your spare cash, put it toward innovative small-cap projects. The future is privacy, in my opinion.
Bitcoin is a crypto asset that can always reach new ATH. The cycle has repeated itself and it's history, so the holder must know the history. Besides what you're saying is true, I totally agree. But the holders should also know when they should let go. Otherwise he would just waste time. In addition, holders must also be disciplined with their targets, and emotional control is very important. But it's not easy to run that, because talking will be easier than doing.
yes I also have the same opinion, holders should know where they have to release it. It's not funny that we're going to hold onto the coin for the rest of our lives without taking some advantage of the price target we've already reached. Emotional control also influences the final result or decision to be made.Becoming a successful holder is everyone's dream, but some of them are not aware that wrong practice will not make them a successful holder. It takes more learning to become a trader and holder and technical analysis and Fundamental knowledge will be the main weapon for predicting the market.
Bitcoin is a crypto asset that can always reach new ATH. The cycle has repeated itself and it's history, so the holder must know the history. Besides what you're saying is true, I totally agree. But the holders should also know when they should let go. Otherwise he would just waste time. In addition, holders must also be disciplined with their targets, and emotional control is very important. But it's not easy to run that, because talking will be easier than doing.
Investors knowing the history just increases their chances of relying on that history when they invest. The four year cycle or any pattern that you're currently watching, and relying will end at some point. That's a guarantee. Bitcoin isn't sustainable to keep increasing like it has in the past. In fact, we probably don't want it too increase, and drop by the extremes we've seen if we want mainstream adoption. Obviously, Bitcoin is deflationary by design so it will kind of increase in value over time. However, expecting the volatility to continue to happen in the same extremes probably isn't a good way of looking at it. Since, it's just not sustainable.
As the block rewards become less, and less we should see a reduced amount of volatility, and therefore speculative investors will likely become less interested, as the big swings disappear.
the right choice is BITCOIN, it is a top coin that has no equal for long term investment. Indeed, a coin that has no potential is the wrong choice, it will only waste time and will not provide a commensurate profit. to be a successful holder must know the science of trading, science of market analysis and risk management theory as you say.
Bitcoin is a crypto asset that can always reach new ATH. The cycle has repeated itself and it's history, so the holder must know the history. Besides what you're saying is true, I totally agree. But the holders should also know when they should let go. Otherwise he would just waste time. In addition, holders must also be disciplined with their targets, and emotional control is very important. But it's not easy to run that, because talking will be easier than doing.
I mean, just set a goal if you'd like to get out at some point, and just don't price watch. Set up an alert at the price point you'd like to take some or all of your Bitcoin out, and don't watch the price in the mean time. You don't have to be actively using Bitcoin to hold it, and that's the beauty. You can practically remove most of the emotional risks by just not watching the price.
I don't think I'm a die hard holder or anything, but I barely look at the price. I mostly get my price information from what users post here, rather than go out of my way to look for it. I'm simply not bothered by the current price of Bitcoin.
I don't think I'm a die hard holder or anything, but I barely look at the price. I mostly get my price information from what users post here, rather than go out of my way to look for it. I'm simply not bothered by the current price of Bitcoin.
Also I already have my mind on 2025 minimum so yes this is a good plan I believe, I have been into crypto for a long time and I can say that mistake is the wisest teacher, I knew what's coming so I am more calmed right now than 2017, 2020.
Experience is vital in this market. I also have my own mistake in the past buying some coins and they stop to grow. If you buy coins cheap you need to be careful some cheap coins end you up in losses but to buy bitcoin, you are good with it even it goes down it will go up again. The experience of 2017 is big but I am starting then and it is difficult to understand what the market is doing.
First of all if your are holder it's mean you have fund which are in hold In form of stable coins or cryptocurrency. So the first priority Is fund safety, yo must need a hardware wallet in order to increase the safety of your fund if you are holder. The second tip is always buy old and big project like Bitcoin and Ethereum in order to remove the Chance of scam. The third tip is always buy crypto in bear market when Bitcoin hit it's bottom, because at that time most of the cryptocurrency are in cheaper price than other, so it's best time to buy coin for hold.
Right now I am still building crypto portfolios, not one but three on my mind and see what they will become in coming years, after I am done picking the pieces I will stop looking for more coins and zero my mind till I hear that BTC made a new all time high .
It's not a good practice to keep looking your portfolio here and there because this will have an impact on your disciplined self.
Also I already have my mind on 2025 minimum so yes this is a good plan I believe, I have been into crypto for a long time and I can say that mistake is the wisest teacher, I knew what's coming so I am more calmed right now than 2017, 2020.
It's not a good practice to keep looking your portfolio here and there because this will have an impact on your disciplined self.
Also I already have my mind on 2025 minimum so yes this is a good plan I believe, I have been into crypto for a long time and I can say that mistake is the wisest teacher, I knew what's coming so I am more calmed right now than 2017, 2020.
4. Stay informed - Be up to date with news
Anyone with a hodl mentality and is serious about it won't be watching the news. They just buy, move away from news and then wait to take profit when others rush to the market to buy. Only traders keep themselves acquitted with the news, not investors with hodl mentality.A person who actually knows and has conviction in what he/she is investing(bitcoin or any other asset) in doesn't really need "tips".
There's always room for improvement, and that's why we have upgrades and updates on apps. There's no harm in people admitting they don't know it all.
According to my point of view few things if you follow them you will be a successful holder,
First thing is that you will choose all those projects which are longterm player because if you choose those kind of projects which give you much much profit daily but these are new project than there are so much chances of scam and the example are Terra Luna and Ftx exchange coin FTT, these two project give too much profit to everyone in early days but at the end it becomes scam, so you must have to select project who survive crypto market more than 5 years like Bitcoin, Ethereum etc
And the other things is proper investment plan if you have 1000$ then you will divide these fund into 5 parts and invest in Ethereum and Bitcoin not at once but 5 times after every dump . Then following these tips will make you successful holder.
All these are my taught I am not a financial advisor so DYOR.
First thing is that you will choose all those projects which are longterm player because if you choose those kind of projects which give you much much profit daily but these are new project than there are so much chances of scam and the example are Terra Luna and Ftx exchange coin FTT, these two project give too much profit to everyone in early days but at the end it becomes scam, so you must have to select project who survive crypto market more than 5 years like Bitcoin, Ethereum etc
And the other things is proper investment plan if you have 1000$ then you will divide these fund into 5 parts and invest in Ethereum and Bitcoin not at once but 5 times after every dump . Then following these tips will make you successful holder.
All these are my taught I am not a financial advisor so DYOR.
There are a few things you need to understand before you start investing in the market to increase your chances of becoming a successful investor. Since you are new to the investment game, you should start investing with a small amount of coins. If you earn any profit on this investment, increase the amount of your next investment. So especially when you realize that you are the most qualified person to give you investment advice. Only then will you be able to fully understand how to become a successful investor.
I think there should be a proper risk management theory to be a successful crypto holder. Holding a non potential coin will make you loses. So always try to hold top ranking cryptocurrencies and hold in a safe non custodial crypto wallet.
the right choice is BITCOIN, it is a top coin that has no equal for long term investment. Indeed, a coin that has no potential is the wrong choice, it will only waste time and will not provide a commensurate profit. to be a successful holder must know the science of trading, science of market analysis and risk management theory as you say. 
Some will say do DCA then but doing DCA in a bear market is another bad idea. So just wait for BTC to find a bottom and then start DCA again till the next bull run.
I don't get it, reason people do dca cause they don't know how to time market.
I think there should be a proper risk management theory to be a successful crypto holder. Holding a non potential coin will make you loses. So always try to hold top ranking cryptocurrencies and hold in a safe non custodial crypto wallet.
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