Topic: Tips to Becoming a Successful Holder - page 4. (Read 744 times)
Just as holding is important in cryptocurrency same way it is expected of us to have a good reason to why we are holding our digital assets, holding has to do with right timing, having a clear understanding of the need to hodl at a very particular time, how long the duration of your holdings should be and the trading pattern to follow after when it's time for selling, also more importantly we must ensure our holdings is in the wallet so as not to got hacked or stolen as to not your keys not your coins.
[1] Exchanges are only for trading and not for storing your crypto currency especially for a long time it is not recommended even if the exchange is trusted.
Successful holders are those who have a strong mentality to live longer and can survive in any condition, including not being influenced by any news.
So with other points I agree that we must have all this information and be strong in fundamental analysis, therefore we must be prepared to become successful holders.
The cold wallet is the best place to save I all assets there, except for the results of the signature which are stored in the Electrum wallet.
Successful holders are those who have a strong mentality to live longer and can survive in any condition, including not being influenced by any news.
So with other points I agree that we must have all this information and be strong in fundamental analysis, therefore we must be prepared to become successful holders.
The cold wallet is the best place to save I all assets there, except for the results of the signature which are stored in the Electrum wallet.
You don't really give tips instead you just give insight and definition of the people do to get rich with their investment.
like examplens told If you want to hold a bitcoin and become a successful holder buy a hardware wallet, buy a bitcoin, and hold. Congrats now you are a successful hodler, wise tip analyze the market movement wait for the buy and sell time get profit.
Buy hardware (cold) wallets and fill them with bitcoin. in the riskiest case, 80% of bitcoin and the rest of 20% with some of the major altcoins could reach a high percentage yield at some point.
like examplens told If you want to hold a bitcoin and become a successful holder buy a hardware wallet, buy a bitcoin, and hold. Congrats now you are a successful hodler, wise tip analyze the market movement wait for the buy and sell time get profit.
I would say that there is not much unclear discussion here.
Buy hardware (cold) wallets and fill them with bitcoin. in the riskiest case, 80% of bitcoin and the rest of 20% with some of the major altcoins could reach a high percentage yield at some point.
Buy hardware (cold) wallets and fill them with bitcoin. in the riskiest case, 80% of bitcoin and the rest of 20% with some of the major altcoins could reach a high percentage yield at some point.
You draw broad lines that need clarification, not advice. It's like if you want to become rich, collect a lot of money, or work hard and get tired, but you did not specify the method or mechanism to do that.
There is no specific reason to be successful, all you need is to buy currencies and forget about them and consider that their value is zero, and sell when everyone wants to buy and the market is becoming more appealing.
The tips are on how to do cold storage, how to buy coins and reduce withdrawal fees.
There is no specific reason to be successful, all you need is to buy currencies and forget about them and consider that their value is zero, and sell when everyone wants to buy and the market is becoming more appealing.
The tips are on how to do cold storage, how to buy coins and reduce withdrawal fees.
- https://remitano.com/learn/ng/121550-how-to-be-a-successful-hodler
- https://academy.binance.com/en/glossary/hodl
- https://academy.binance.com/en/glossary/hodl
that's a great tip, thanks to the OP for sharing this link.
a little Tips for the OP, if you make a post based on a quote from an article, you have to quote the text or underline the text so that people don't misunderstand (is it your writing or not).
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".
OP you have made a quite an educative piece that I'll say it's supposed to be an epitaph in the hearts of all traders of cryptocurrency if they want to stay long in the business.
I'll add by saying, that another tips is to ask or seek for the experience of those that have been in the business long before you. Learn from their mistakes and build on them too. For it would really go a long way to helping anyone in his decision making while wanting to invest in any way.
I'll add by saying, that another tips is to ask or seek for the experience of those that have been in the business long before you. Learn from their mistakes and build on them too. For it would really go a long way to helping anyone in his decision making while wanting to invest in any way.
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
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