Topic: Tips to Becoming a Successful Holder - page 3. (Read 674 times)

In other words, seeking mentorship from senior colleagues who are doing well is a tip that shouldn't be over looked as it is best learning from the mistakes of others rather than making avoidable mistakes when you can learn from others.
OP really did justice to tye above mentioned topic and I feel so glad to have come across this great article and it also deserves to be pinned so people who get in here can easily sight this very thread.
People should always remember that NOT YOUR KEY, NOT YOUR COIN, hence security is very essential here and coins should be store on centralized exchange as anything can happen at anytime just as in a the recent case with FTX.

We cannot deny that holding is one of the most promising investments for Bitcoin so far. This will be worthy and valuable if we know the right time to buy, and in this case, is during this bearish era. And the right time to sell, in the bullish era.  But in fact, not all people are able to manage themsleves to be long-term holders.

Being skeptical at the beginning will boomerang for us. I remember the saying, if you are hesitant to do something, don't do it. Because, if the results are not as expected, then we will be very sorry and blame something, here is investing in this crypto. So, in this case, we may be good to be skeptical, but we can manage this carefully, because if we put too much skeptic, we may get nothing. We are here, to be more careful, deciding based on analysis and knowledge. So, we must develop the skeptic with exact research.

There are also several things that we must have during the long-term holding. They are about our emotion management and also our money as capital. We can be a successful holders when we are suing free money to buy coins and hold them for long-term period. If we are using the money for our life, this is enough, worse decision.

Additionally, we must also have good emotional management so that we can be logic and stay away from being panic, impatient, stress. Here, stress becomes one fo the most common things happens duirng the crypto investment.

OP, You do not have to use exchanges to be a successful HODLer. There are many other ways to get bitcoins.
For example, you can accept them as payment for your services. You can also let people buy stuff from you using Bitcoin. You can even get a bitcoin wallet and buy your first coins directly from another person.

Experts have their own strategies to follow that will make them successful and profitable. Tips are just good for beginners and for those who have been here for long in the forum but are still consistently losing due to following wrong strategies. Personally, if I have one advice to say, always prioritize bitcoin even from those top altcoins because it’s always proven that bitcoin is giving us higher potentials of returns especially if you keep it for long term.

The best strategy is dollar cost averaging and buy a fixed amount over a long period of time. For me, a reasonable amount of time is a 5-10 years but that's not true for everyone. I think buying for at least 210,000 blocks is a good start because it ensures that you are stacking sats through a halving.


Bitcoin is the only basket worth butting your eggs into. It's the only truly decentralized "cryptocurrency". If you don't want to get rugged, stick to Bitcoin. 


I think the best tip to becoming a successful holder is to dollar cost average directly to a hardware wallet where your keys are stored completely offline. I personally use ColdCard and SeedSigner but to each their own.

If you want to preserve any privacy from your wallet, it's also a good idea to run a full bitcoin node.

I can't really say if by your not putting all your eggs in one basket as per diversification here, you mean like not having to invest on a single coin or its more about having other jobs aside from having some cryptocurrency portfolio.

I think that's the most important in order to be successful in holding. Let's not forget, coins are money and can be swapped to its fiat equivalent. Now, money is how you get satisfy wants/needs and solve issues. You can't do all that depending on a crypto portfolio which your not supposed to touch.

Having another job takes your mind off it and in combination  with other attributes listed above, you might as well be good for the task.

Just like said, Holding would be very hard for you when you constantly monitor the rise and fall of the market in other to get a short time gains. So i will advice anyone before thinking of purchasing bitcoin that he is planning on keeping in a long term investment he should have an alternative means of making income. I have a friend whose work is just to buy when the prices of bitcoin has drop a bit in this bear than the usual 16k and he will wait for some short time then sell it when its just add a little bit which is very risky but he says he uses the cash for business as well. Why dont just invest and forget about the coins and sell when the market is good for selling @bull market,  but that's is how long and that's why you need to hodll

It can be more simplified buy whatever bitcoin you can afford to buy over the period of time like years and keep moving to the assets to your custody I mean the actual wallet and after years bingo, you made 10x minimum for sure.

Not every beginner can afford to buy a big chunk of bitcoin so accumulating over the period of time is important and the benefit of compounding is higher which we realise only after we experience.

Stay updated with news is more related to traders and daily trading. It is not too important with hodlers, investors who should ignore daily news which are unnecessary noises for them.

If hodlers stay exposed with news daily, they might turn to daily trading and will sell their coins with 10% or 30% increase. They will miss a parabolic bull run when it starts.

I don't get it, reason people do dca cause they don't know how to time market.

With your definition of HODL, which means holding your coin (bitcoin) whether the market is bullish or bearish, we do not need the two tips above.
First why doing research? Unless you are talking about hodling altcoins, which shoudn't be called HODLING but HOLDING .If you want to hold altcoins for a long time , then DYOR in order not to hold a coin that will extinct in your wallet.

Since a holdler can hodl for 5 to 10 yrs, what is the essence of paying attention to fundamentals? Do you mean to check if bitcoin will not make it to next year?

Judging by the length of the list of items, it is not so easy to be a successful holder. Especially if you are a beginner. You will have to learn and comprehend a lot, and only after that you will be able to complete some of the items from this list. For example, in order to conduct fundamental analysis and thorough research, you will need to acquire the appropriate background. Otherwise, your analysis will be wrong and you will fool yourself.

8. Not investing an amount too much you can't afford to lose.
9. Not borrowing money to invest in Bitcoin with the aim it will rise to pay back.
10. To be discipline enough not because of bear market, sell your coin because of fear.
11. Last but not the least, to be prayerful, knowing that in all we do, there is an alpha and finisher of our faith, the almighty God.

You just need to ignore outside news, FUD & short term market movements. Nothing good ever comes easily so as a HODLER you’re going to go through periods of depression & thoughts that you’ve ruined your life (during bearish times).

To be a HODLER you need strong conviction. It’s not going to be easy but if you can HODL through minimum 3 full cycles then you’re going to be making big money.

Good luck all HODLERS.

To be a successful hodler you must not learn to sell, but buy. What's the essence of getting glued to crypto news while hodling; wouldn't it lead to panic selling? Many a traders who profited from hodling Bitcoin did so by focusing on other businesses other than watching over Bitcoin trends. And the business is the source of the Bitcoin investment. Unless, through the number 5 rule on your list, it's difficult to hodl Bitcoin without consistent Fiat income.

Investment and holding are two very important things, especially if you don't have knowledge about these two things, you have to take a very serious risk.You have to invest in the right coin by understanding the right market, if your investment is in a scam project then you can face huge losses. Moreover, it is not right to invest without some of the top ranked cryptocurrencies of the cryptocurrency market. Then let's discuss about holding. If you have invested in bullmarket and decide to hold then you have to hold for a long time i.e. long term.  Again if you have invested in bear market and decide to hold then you can decide to sell as soon as profit comes in the market.  In both cases you have to invest by understanding the market conditions and as usual you have to sell the profit in the market.  Under no circumstances should you overindulge.  Because excessive greed in the cryptocurrency market must lead to losses instead of profits.

As everyone know what happened with FTX. I think you should make a little bit change in this statement. Like I have mentioned.

Don't use the exchanges to keep your cryptocurrencies yes you should use only for trade or exchange.

And also will not recommend the online wallet to store your assets.

This is the best option BTW.

This topic deserves some merit, good one newbie 👍

I will like to add a easier way to stay updated with projects you are currently buying using DCA, download Twitter app on your phone to get alerts on any new updates, follow the project twitter account and turn on the notification 🔔  bell .

This is a good way of staying informed and you can always switch if the project goes cold, I mean months without development updates is very bad and not a good sign.

Only holding is not a good idea all the time in crypto. Just think if you brought BTC in 2019 at 4k and haven't sold any in 69k then what have you missed here? You have missed more BTC in your portfolio. You could have increased 4 times of your BTC bag if you would have sold at the peak. 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.

Great tips overall, and it's also worth noting the necessary patience and discipline in order to survive through tough market periods. However, I'd like to add that holding may not apply to altcoins other than a few popular ones, such as Ethereum or Binance. Generally, we've seen quite a few altcoins involved in scams, scandals, rug pulls, you name it, such as Celsius, Luna, or FTT. I'm not saying that you can't hold altcoins, but personally, I don't feel comfortable doing so. The only coin I trust holding for long periods is Bitcoin. If you're planning to invest in altcoins, the least you should do is diversify your portfolio.