Bitcoin Forum

So easy to say but very hard to follow Especially for long term investors. It's never a pleasant thing to invest in a coin and then watch your investment go low. I have come to realize that in any situation of the market, patience is much needed and also your choice of coins for investment and time of investment also matters. A simple way out is to plan your funds, dont fomo, buy at more dip, take profit at intervals.

It's painful while watching your investment go low in value but you don't lose if you kept holding and wait for its reversal. When you sell it at loss and the price was totally low, you get the losses.

The patience that you will have into those times will help you grow and improve yourself into temperance. Many are complaining that their investments were in losses because they have sold at loss and they can't attain to hold further. That resulted them to being tempted to sell whether it is a loss for them.

Very very long patience and a very very strict on following your plans. This is the main things that are needed for you to sustain all the temptations or change of mind along the way
if you are really a holder then you wont really easily let go of those coins you do had but when you do actually seeing new heights then for sure you would really be having thoughts on selling everything you had? lol
Buy low and sell high is for short ones but for hodlers then this principle doesnt really count. Also, each one of us do have the full control of our funs if we do saw that this one will benefit out
or for the sake of securing profits then those plan of ours would really be meant to be broken as long you do gain then that what matter most.

This!
This is the most important when you are planning to invest in crypto and choose the safest to invest, and that is Bitcoin.  When you decided to sell your coin at a low price, you might also know that you are at a losing point which means that you already accept that you have been losing already.  Much better if you will wait for a perfect time to sell your coin and when you see that your profit was there.

I tend to agree with what you have said, that buy if you cant hold.  It means that invest in what you can't afford, not use your monthly allowance, your monthly bill, or any emergency fund that needed anytime you need.  Invest like you are saving an amount that you can afford and patiently willing to wait for a perfect time for taking a profit.  That's how it is.

In my opinion, a problem of this generation of young people is the inability to build a position in the long term.
In Italy we have a word to define a person who buys paper securities and then redeems them at later time.
This term is “CASSETTISTA”.
I am proud to be a cassettista ;D

It is why you need to always search for the right coin to invest in. If you buy bitcoin, even if the price is down, it will go back to the high price, so your investment will not just a waste of time. But if you invest in altcoin, you need to think about when you should the coin because many of us still hold it and do not sell when the price increase. What we need to do with the altcoin is when the price can increase more than 2x from the price you buy, you should sell it right away before the price is down.

Mostly, yes. But also definitely be familiar with what you're buying. Perfect example being the fidget spinner coin that' just recently being dumpstered due to all those news. 🤣   (hope it does soon)

Because you did not add the Most used word in Crypto "Invest What you can Afford to lose " in this ,we are being challenge about our Funds that in any case may lose or gone forever ,so being ready and capacitated is the best attitude and material if dealing in market like crypto.

many people here keep on saying those words but can't even stand a  little time when their currencies starts to lose momentum.

If you are Not having these characteristics ,Then you should not dare investing here ,because i'll tell you ,only Burden is what you will bring and cater here.

I have always been telling my crypto friend circle to buy crypto currencies with your left over money from salary! Almost all of them are salaried and it's always good idea to buy crypto after you payout your real world debts, EMI's, put some money into savings and some money for your family. After all this when there some money that is left over, one can always put it into the bitcoin for instance and forget about them for long terms.  :D

This way one would not have to worry about the money that is been invested. If you loose then you loosing unwanted money. How do you feel about this strategy?

I do believe when people are seeing their crypto goes down and they will be sending their portfolios to the market and they will start to feel panic. These days there are lots of people shorting the market and even some of my friends were playing with XRP and they got trapped at 40 cents.
So many times the long term investment is only suitable for people who has the harsh hand. These people will never sell their coin even when their coin worth nothing.
You can buy FOMO when it was getting started but never try to buy when it reaches the peak.

If you have a plan for your investment, you do not have to confuse to close the investment because even if you make a long time investment, there will be a time to close the investment and take a profit. If you forget about that, you will not make any profit, but you will get losses, no matter how long your investment time will be. You must use only the money you can afford to lose, so you do not have to lose all of your money.

Any kind of Investment is a risk. The only way to overcome that risk is to have patience but investing your money into a crap project will always result in failure even if you have patience. Therefore always do a proper research before doing any type of Investment.

Before someone can hodl and keep believing in the negativities that occurs as time passes, it takes up a lot of courage. Patience will always be a virtue and you will be brought to greater heights by perseverance. If you have not met these standards and have greatly regretted the current bitcoin situation, let it be a lesson learned and start reflecting on the things you should do next whenever you are given a chance again. Not everyone has the same kind of hodling patience, so if you're one of those lucky enough to experience this massive bull run, be grateful and careful with your choices so that until it lasts you can make the most of it.

Most likely now that most of altcoins I am holding were in bearish mode. Patience has been tested but this makes me realized that it wasn't the first time I've encountered such event in which I am too greedy and not sell off when they're at peak , now am suffering from deficit fund instead of having profits.

For example, ripple. Either I accumulate more coins by buying now when it is low or just wait for another pump and sell off even at least 3 to 5 % profits. Instead of panic emotions, think of a way where we can still gain or benefit from holding those coins.

If you If this is the problem, I believe the good solution here is put a stop loss for every trade, since even you are long term investor, I believe you are also doing trading. It is also a good move to protect your capital if incase something bad will happen.
Especially now, lot of altcoins that are only good at the beginning but for the long term, it is slowly getting weaker.

Don't buy coins that you'll just hold, it should be like that, because what you're saying is not that easy. Buying in the dip? how'll you able to know the dip without any chart analysation by technical analysis? trust me, instinct will not suffice to make profits just because you think the dip is at its max range. It's more profitable if you do have knowledge in Trafing before you buy coins and take advantage in its dip and pump.

Well, IT IS called hodl for a reason. Not particularly sure how the term was described by whoever made it prominent, but from what it was spread, hodl was used as a term to actually describe a long period of time, as in VERY long. It's at that point where you don't bother thinking about the price, you almost let it rot there for who knows how long and come back to it a few years later. Well, rot may be a bad term to describe it, maybe a better comparison would be how wine has a better taste the longer it ferments or something similar? Afaik that's how wine works anw.

Well each person has their own style of trading, and some have their own definition of hodl. I say let them have their own fun tbh.

I would agree with that if only it's followed by dollar cost averaging, without that it's not going to be a pleasant experience even if it's just a short-term downtrend.

But over all I agree that it's better than buying something that you don't have a clue about, there are tons of people that their trading strategy is to just jump over different coins because they heard from some random person online that it's a good trading opportunity and some of them still don't know why trading doesn't work out for them, knowing what you're buying is always better than just picking up random coins by counting on luck and hoping for the best.

Maybe this is a basic key in starting trading. It's better if you really want to hold, then playing with coins that are safe and certainly good. Don't buy coins whose price changes so quickly. Maybe even an unknown coin. this would be very risky. So for me as a beginner trader, I prefer to buy coins at the top ranks whose quality is clear.

Well, however, if you put your money in a wrong project, it is not worth at all to wait. Many projects can resurrect after a period of time of developing, but some others will remain the same. Therefore, before you try to invest your money in anything, you have to analyze it first. It will be wiser if it is a top 50 coins on the lists.

The other ways to save yourself from this absurd situation is to split your money into smaller parts. Each part is for a specific project. Investing is not just a simple game. It is a real job which can help you to generate money passively. But when you treat it wrong, it can turn into your biggest nightmare and steal all of your money. Being patient is necessary, especially when you invest in bitcoin (or gold). And remember: the higher the risk, the higher the reward. But will you accept the risk before having your own reward?

From your words, i can feel that you have seen the hard time in trading.
Yes whatever you said it’s appropriate but still somehow for a particular section of people they will deny it for you.
What if people need instant profit in small amount of time, they will surely ignore this thing.
Yes i know to get instant profit you need to take heavy risk. But if you’re not so sufficient to take risks then OP’s advise is the best.
Hope this clears some confusion here.

Not now if you are doing and thinking about investing, 2019 is a good year if you know and do it all.

If you made a long-term investment at that time, maybe you are already enjoying the results you are doing, for example Bitcoin, remember when the price was at the level of $6000 at that time, Try to imagine, if you are currently in the class of people investing in 2019.
Actually it is not difficult to do if you start when the price of the coin has fallen in the past 2019.

Now what can i say the market is unstable, what else to think long term investment.

Yes i also always say that you have to be patient and choose the best and top coin which have the reason to get up .I think the best will be to choose the top 10 coin which have a great future and surety to give you a good return .So that's how you can get profit from long term investment easily .

What makes someone impatient is that it's easily swayed by FOMO which just contains no-nonsense noise. we do have to follow FOMO, but not to be swallowed up, only as an illustration that the crypto is busy with visitors. so choosing crypto does not necessarily have to be based on FOMO, you also have to look at various crypto backgrounds.
but what should be noted is that the investment is not about your large funds, but you are able to manage the smallest funds by making a profit.

much known phrase is "Don't invest what you can't afford to lose", I really think holding is really good it suits for investors sometimes it's much better to do day trading or swing trading rather than holding it for a long time.

As an individual investors you should prepare yourself for any consequences you may face in it.
Particularly, if it is altcoins here in crypto space. That's why having enough knowledge about in this type of online business
in cryptocurrency trading We supposed to have a good skills here so that our capital wont turn into waste.

Actually its depends on token portfolio. If you can choice good coin that has good roadmap and good team combination also, you can take risk for more investment when its price will be low otherwise it would be foolish work from you. Better will be if you make investment in wrong coin sell instant to see the market situation and make quick decision for another better coin.

thanks.

As long as you're investing with a potential coin, doubting, or panicking during the red market wouldn't help especially in a long-term holding. Many of us fail because of the fear of losing our funds but once you trust your coin, you should learn how to deal with the possible changes. Crypto investing doesn't only need funds but also patience and perfect timing.

It will be better if you can change your subject to don't buy to what you didn't trust because hodl will just follow if you certainly trust that certain currency. For example, you are only an explorer like you are buying bitcoin because the it's price has been hype pretty good but in the end you can't endure the decrease of it's prices when the time comes.

For a long term investors, it will be better if they should stock a currency that they really believe or trust so they cannot easily sell it even if it's price will go down pretty bad as they have trust to that currency that it will surely to recover when the right time comes.

I think this is the worst strategy you can adopt. There is no long term warren Buffet Investing until now in crypto. Even the oldest investors would be merely 7-8 years old anyone older than that was an early adopter who probably didn't purchase it but somehow earned or mined it. So thinking of anything long term based on past data or valuation is just stupid unless you want to be part of the HODL Herd. The problem with HODL Herd is that they just don't know when to sell. They always think that this isn't the moon yet and then comes another dip. Even if someone who trusts this technology should definitely have a target in his mind based on some common sense while he invests long term. Otherwise, it's better to trade and take up some opportunity gains but obviously go only with that much money which you can afford to lose.

yeah right, of course we have to learn to hold it for a while
  time, before prices rise again
It's easy to say, even old traders often get out of control when they see this kind of phenomenon.
but that's what we need to develop continuously so that we get used to it and don't panic easily.

I strongly agree.
Take it like it's a bank investment but 5x faster.
30 years for them while 6 years here or maybe lower.
With that span of time, I bet you will be having a good amount. Don't follow the hype. Don't believe the stories written in their blogs for those could just be a marketing strategy for you to buy the coin while they sell thanks to you.

To understand market movement, you need proper trading knowledge. It is normal to buy/sell coins according to the movement of the market. It will depend on the price of Bitcoin which way should place your next trade.

There is no way to make a profit without patience, traders and investors who can control their patience can make good profit in the market. It is not possible to go far by running after hype.

Useful advice but only for long term investors, for anyone else that has no intention of holding their coins for long this advice does not apply to them, however one of the best investors around the world Warren Buffet has many quotes regarding this topic here there are some of them:


https://www.azquotes.com/quote/40668
https://www.azquotes.com/quote/40662
https://www.azquotes.com/quote/689444
https://www.azquotes.com/quote/1038660

Replace stock and company with bitcoin and you will be set, and if this works for one of the best investors around the world it should work for us too.

if you are already a hodl trader there is no need, because traders only trade daily,
Hodl is only for an investor and long-term player, yes and that requires accurate analysis,
now in my opinion it is also very appropriate to play long term in altcoin, don't miss it.
hodl and huge profit for in coming!

People would really have different targets towards their investment and also to those people who havent able to hold doesnt mean that they arent a good holder since they do able to sell out on earlier phase.

Its not something that you shouldnt buy just because you cant hold? Its a choice and not a mandatory thing for you to strictly follow.Actions will be depending on situation..

Our plans and views can really be changed up overtime, even if you do push to hold but if you do saw that you can make money on spot then why wouldnt sell?

There are a lot of coins that can possibly give you good earnings in short period of time so I will not agree to not buy any coins that you will not hold. As long as you know you can earn in that coins buy it and wait for it to give you good profit.

but never hold such altcoins because most of them also lose its value and volume in the long run buy or take it only for short time and take advantage of the opportunity to earn .

Sometimes many traders buy coins without doing research first, just because they are affected by FOMO and FUD. Finally, buy coins that
are not suitable for HODL, and cause us to experience losses because we really choose the wrong coins. Therefore, if you plan to invest,
you must always do your own research and analysis, so that we can be sure of the potential for the coins we buy. Especially for long-term
investors, it is very important in choosing coins that are worth buying. So don't be lazy to do research and analysis.

Panicking is one reason why someone losses his money if the market is in the bloody days.

As a long-term holder, been with it many times and you only need to be intact in holding, and instead, you can buy on those moments for you to have more into your portfolio. When you let your emotion go into yourself first, you'll be into panicking and you might even sell everything you have in losses.

Patience and wise decision.

They all add up to have a fruitful investing experience.

You can't go into investment especially here if you can't able to manage your weak hands to make it strong and also your mindset. All who are in holding correspond with risk.

You're right, it is very simple to say but really hard to follow because we are not committed yet to do it and our mindset is still in doubt and worries. People who can make a long-term holding are the people who can also afford to lose their money in the future. But I know that they never think about it, they have already foreseen what will possibly be happening in the future a reason why they are taking such risk, not for losing but for gaining.

Some do even forget that they had invested and just letting those coins or investment sit for too long and you are right that they are really on that level where they do fixed up their minds that they should hold for long term but there are instances on where you do really changed up some thoughts and might be considering on selling out those investment when you do saw that it is worth to take up some profits.
If you cant hold then doesnt mean that you shouldnt buy because no matter what kind of strategy you've been making, just be sure that you are really making or reaping profits.

You don't have to hold coins to make profits out of them, the trick is getting in at the right time, buy low and sell high have always be my path and it always works for me, all it requires is patience and also make sure you go with good altcoins that will recover no matter what, a good example is NEO

Just like what you have said it is easier to be said than to be done, if the situation is already been there it would really difficult to manage the pressure that is why we should always work on controlling our emotions, having a plan could also be better. Upon choosing the coin to invest in, pick those coins that will certainly provide a profit, and stay away from the risky coin. Yes, they could be profitable compared to those certain ones but they also possess a great amount of risk which is not recommended if you have no much knowledge towards it. Investing in trusted coins like the top listed coins in CMC will more likely secure a profit.

Actually I'm new trader but I prefer to choose a quality for every trade that I make and I put aside the quantity. I mean, I prefer to only choose one entrg in one day but I got a huge profit rather than I make many entry and the chance I got profit is little. Buying a coin when its price touch  a strong support when I put long entry and a strong resistence when I put short entry better than I make an entry not in the strong support/resistance. At least I can minimize the risk that I'll be faced and amount of money that I willing to lose.

Timing and your knowledge about the project, you can deal with buy low and sell high if you know the right timing.

There are lots of losers trying to work with this principle, without knowing the project patience is mostly your enemy, you'll be moved by
fomos and fuds leading you most of the time in losing your investment, worse, busting all your money with wrong project that you are holding.

maybe the point is that we have to think about the risks first if we want to hold the tokens or coins that we will buy,
because the big risks in cryptocurrencies are still inherent in their nature, for example the current XRP holders are very sad,
even though if you think about it, Ripple is a good project and comes in Top 5 Coinmarketcap even become a scam,
how? of course we have to be careful when you want to hold coins or tokens

The patience will be determined by the choice of investment and the circumstances around it. Some investors might haven been promised huge return within a short time maybe by an influencer or project team.

When Proper research is done for good choices, then any length of patience will worth it at the end.
 

Instead of FOMO or FUD type of "feeling" you might have, stop dealing with emotions and do your research. I think you should either invest into something that is fundamentally great and can be profitable, or just research all the small things like crazy, for weeks, and check everything part, leave no stone unturned in order to make profit.

Meaning either invest into things like bitcoin and ethereum so that you could profit, they are guaranteed to profit, maybe today maybe in few years but there is no doubt that they will be profitable, or if you want bigger returns, go for small altcoins that could potentially help you make more money that way. You get to choose which one you would like to do, but I would suggest if you want to retire early and have a decent life but want to make sure that you do not risk everything today for it, you should probably invest into big ones and wait for it.

Handling your emotions wont really be that simple but somehow this can be attained by experience that you do gain overtime.This isnt something talks about short span of time on dealing with the market.
You would need to experience most case scenario on how this market works and moves and when you do really let your emotion control your decisions then its better to re-assess yourself
on whats wrong and what things needed to be changed and whats not.

Even though Bitcoin and ETH is flying out with colors but im not really a fan on telling that these things do make out guarantees.For long term then yes but you wouldnt know on how long it is which means
there are lots of chances that those decision of yours would be changed up and mainly affected into situations that you might encounter along the way.This do matters on risk taking or management on someone,
neither you can take a shot or would just easily skip out and play safe instead.

The thing is that even at that dip, when you’re telling people that they should buying at that time they will still be scared and that’s when they will start telling you that the price is too low and will even fall more. And it’s not that these people don’t have the money to invest, but they are all scared that the price will go down further.

When the price of cryptocurrency is falling people do the same thing they do when the price is going, which is wild speculations, they will say that the price fall to the lowest point when it starts, and that’s the same way they will tell you that the price will reach a very high price.

People are usually aware that they should not buy a lot, more than they can afford to wait, it is not about what kind of situation they have nor it is not about what kind of money they can invest, it is about the feeling and idea of getting rich. So, let's assume someone is aware that they should not put more than they can afford into bitcoin, they know this, but they see bitcoin moving from 10k to 25k, and they see tons of news about people who got so rich, they can retire now, what do you think they will do? Just let it be? Of course not, they are going to actually get in as quickly as possible and try to make as much money as possible because they will not be acting with logic, they will be acting with emotions and they will want to have the same kind of returns and when they don't, they will have to sell some of their coins maybe even all of them to make it back.

We must always remember that the key to success in trading is patience, without patience, I make sure you won't be able to HODL any coins.
Often the results of our analysis fail and end in losses, we sometimes buy coins already feel like buying coins at a low enough price. Unexpectedly,
it turns out that the coins purchased at this low price are getting lower and lower over time, the solution to this is to be patient and HODL
the coins. Because if we don't sell it even though the price continues to fall, we won't lose it.

"Don't buy what you can't hodl" is for long term investor. But for regular traders it's not suitable because they use stop loss for their trade. if the coin dump hard, it hit stop loss and the trader only lost a few bucks. in this way, day traders is safe from the huge dump. so this speech is only for the long-term investors that I believe. Personally, I also like to use stop loss and for this reason, sometimes I also buy some shitcoin and try to sell those with a small quick profit.

Not only for long term investor but it can be for simple investors because they are doing a hodl move to earn but for traders ,obviously they aren't hodling but they sell buy and sell  .
 This time we have so many investors Wanabe that call them selves investors and long time investors but we will only hear a news that those guys already sold their coins and quit .
 Something that boggles their mind to commit a selling act . Better if they don't join crypto investing if they aren't ready to make a commitment .

I totally agree with you Op. there is no space for impatient and panicking people in cryptocurrency. these 2 things are obsolute enemy of crypto and biggest obstacles in path of success and becoming a good trader.
if you have these 2 things inside your veins you either get rid of them or you stop investing in crypto. because you'll cause yourself loose and nothing else.
 

This isn't that easy or perhaps it's easier said than done. If it were that easy knowing how to solve financial matters I am not sure people will still be going to college to study Economics, Banking & Finance, Accounting or other related courses.

Buying on the rumour of news is the best way to get into any trade. FOMO messes everything up as the rush to not miss out won't let one take a rational decision. But the surprising thing is that most investors like chasing price and would always wait until price begins to move before they get in.

My first comment up there in the first quoted post applies here too. Knowing how to buy the dip or taking profit at intervals can't be known except one has put in the works for a while and has acquired the set skills for trading. It's a learning process.

Yes, any time need to invest in a coin. If you Are prepared in crypto market you can make profit all time high or low.

I agreed on what you just said mate, without patience We can't able to earn big for sure in cryptocurrency.
Because if the individual are impatience, mostly they regret in the end after asking themselves why they sell it early their tokens
something like that. I have seen this and experienced this as well.

It all has a risk. A single mistake could make you suffer later. Many people who had come into trading without enough market knowledge have never to find themselves so easy and some of them quit.  That is why, if they think that trading could be easy and have an instant return, they are making themselves overthink. In short, impatient people have no room in trading but this is for the people who are willing to wait and willing to lose.

Yes, I agree with this i have many times i buy some newly listed coins in the market and it seems not a good start, and when i hodl more than a month the price when up and gaining x10 profit. There are other coins that are pretty seemed scams to me that i hodl more than a year and the price is still the same as i buy that coin. Being a long investor is a good idea and patience is always all the time that's my method of my success.

Most of the time, the market of the coin we have chosen to get with is very unpredictable since we are dealing with a crypto so chances are very open for ups and downs since the market is a real volatile one. Yes, it is a very sad moment seeing your investment get into dip after putting some funds on it at quite sometime but we must first know that in every investment we do with crypto, there are certain risks that is associated on it which includes experiencing dips that we must and take patience with because once you give up there is no turning back that you can still regain what you loss. Be considerable on understanding and trusting your investment because at the first place, you must have analyze and well to know your coin before you have engagement on it. Just trust the process.

lucky for you if you can still get profit even after a year-long of hodling. very few alts can survive in the market for such period as most of them slowly decline its price after few months in trading. if you find one that keeps on rising, that means, the dev is doing something for the project to gain its value. not many projects can sustain their developments though.
and if you buy a specific alt, make sure that youve done your part of assessment. because most of these dev teams are good in making promises and drawing good plans but they cant implement what they want.

Well, I don't think trust will work in investing to get profit.
That is not a matter of trust, it is a matter of searching how useful your coin that invested, how it works to the society that becomes a wide adoption. On that point, the cryptocurrency that you have chosen is safe and far from the sudden drop because there was always an adoption of crypto.
However, the OP thought is about the amount you hold and it should be you willing to risk on it, not your entire budget as a whole month.

Correct!

Trust wont work if the project you had supported is just pure shit and doesn't worth for it to be holded up.This is why lots of people do lost up their investment

due to this very reason and to think that there is or a bit obvious on which one is really worth to buy on but still they are really fan on testing out waters.

Well, taking risk isn't bad but we should always mind off that its better to stick with the best ones.

It implies that put resources into what you can't bear, not utilize your month to month stipend, your month to month bill, or any just-in-case account that required whenever you need. On the off chance that you have not satisfied these guidelines and have extraordinarily lamented the current bitcoin circumstance, let it be an exercise learned and begin thinking about the things you ought to do next at whatever point you are given an opportunity once more.

There are some coins that were predicted will rise exponentially this month but it turned out only a few major coins such as eth, bch, Ltc, that following bitcoin to reach a higher level. Unpredictable results that don't go as expected cause significant losses to the portfolio, at least trade bitcoin could cover those losses. We learn a lot from experience and must be willing to lose to get better outcomes in the future. Don't hesitate to invest in some major coins and beware of some altcoins that cannot provide the desired returns.

You are getting too technical, while it is true that right at the moment you buy a coin or any other asset you are already holding it when people think of holders as a group they think of people that keep their assets for long periods of time, sometimes forever as they are not interested in selling their asset because they think it is that good.

Gold is a classic example of this, those that hoard gold do it because they do not believe in fiat currencies and think that sooner or later they will fail and they want to keep most of their wealth while the rest of the population lose their purchasing power in the process.

that is a normal human nature, once they get interrupted by sudden crash and dumps and that's how they test you, because your next choice would be really crucial for your trading journey on that particular coin. people's mind is so easy to get manipulated by this type of situation and we have to experience it so we know what to do

It is very easy to draw conclusions when you look at things that have already happened.
Obviously, seeing Bitcoin at $ 34,000, anyone will say that you had to wait and not sell at $ 25,000 levels when everyone else did.
Or, on the contrary, seeing bitcoin at $ 3000, it is easy to say that you could wait and not buy it at $ 5000.

I don’t think this is a reasonable argument for all types of trade. There is a saying in trade, No risk no gain. There are only a few cryptocurrencies, including Bitcoin Ethereum, that you can buy and store for a long time. But in the case of day trading, position trading, or swing trading, you need to invest in different types of cryptocurrencies by taking risks and buying them. Therefore, through market analysis, if a cryptocurrency is likely to rise in value in the present or in the near future, it is possible to make a profit by buying it. So it is safe to say that even if your opinion is reasonable in the case of safe trade, it may not be considered in all cases for the sake of profit.

If you do not have the discipline to hodl what you are buying then the best that you can do is to buy the amount, put it in cold storage and put it in a case with all the necessary details to access it then lock it somewhere that you will forget to look at. For example, a metal box that is buried in concrete in your basement, a storage that specializes in storing items for an extended period of time. There are creative ways to hodl if you are not disciplined, you just need the will to find one. Don't forget, do not buy what you can't afford to lose, do not put all your savings in long term hodl, always find ways to stream income and finally always prepare an emergency fund worth at least 6 months on the lower end or 18 months at the extreme.

I'm personally stacking tokens with really long term... I'm waiting for real profit not in this bull run but in the next one in couple of years. That's my 5years plan. Stacking some of top10 coin is safer bet even if that is risky... Never know what can happen in next year even more in next 5years.

Well, this is some solid long term investment plan, but what if this years bullrun were just starting up and like suddenly boosting majority of your coins up to 100%-200% from its current price? The kind of scenario will become your ultimate test of patience lol. I know 5 years might give you more than what your coins will offer to you in this current bullrun, but when this surge continues, It'll surely gives you a decision challenge. Hodling ain't easy as everybody thinks.

That's proven on my personal experience which broke all the stressful days that I had. Challenges and everything would literally made us more mature in trading, particular with holding for 2 to 3 years but still didn't recover back. Though I trusted what I am holding right now, but emotions is really unavoidable. Maybe 5 years of more can be effective for now, specially most altcoins never showed progress for successful increase.

Sure, there can never be a good selling point when looking back from a new high. But the point of the matter is that many people sold when BTC reached 25K and some might have bought in higher...was that a mistake?

Well, it depends on how you look at it. Right now BTC seems to be on another roll so perhaps buying at 35K wasn't that much of a reckless action.

It is all about how you look at things....

I do not put the blame on people who can't hold because they are afraid and they want to get out. It makes sense because they are people who have never done something like this before and when they get in and see the movements, they may end up making a rash decision emotionally, it is definitely something that makes sense. However it is really not something I would be worried neither, it is a small number of people who end up doing something like that, which is why I think it is quite obvious that the majority of crypto people do not need to worry about the panic sellers anymore.

Many of them got out during the last run for example, we peaked at 34k, went to 27k, and many of them sold, what happened? We still managed to get back up to 39k right now, which is why I think it is quite important that we should not be worried about whats going to happen with these panic sellers.

Many already learned their lesson when it comes in holding altcoins as only few altcoins can still have value at the long run, only BTC is able to get price increases, it doesn't matter whether we hold long or not what important is that we are in profit and our investment is able to have some gains, being too greedy and hoping with too much profit sometimes results in different way so if we're able to have passive income by trading holding too long is not necessary.

This is why a lot of crypto users are still sticking with bitcoin, because most alts have downward market performance. The truth is, only few of them have real application, considering that we have thousands of alts. If you will notice, most of them are in continuous downward trend once they hit the exchanges. So it is really not practical holding alts for long-term, most of them will lose their value and you will be left bag holder of worthless coins. Better stick with bitcoin.

I myself really regretted to hold an altcoin for long term investment, since 2018 ago I bought an altcoin which is I was wrong I choose it. I bought an altcoin that I think its potential coin that can make its price up 500%, honestly not. DeFi system has broken it, I don't know I just thinking that the reason why most altcoin especially below 100 top rank can't increase even its price just down and down it is because DeFi system. Most investor just focus to see potential DeFi coin comparing to the exist coin which is traded on the exchange. So, your patience will be worth of you know the situation and the trend.

The main problem why many investors fail to hold coins is choosing the wrong coins. Therefore research and analysis is needed before deciding
to buy coins. If we buy coins with good potential, I'm sure we can HODL the coins if it turns out that the price of the coins suddenly drops after
not long after we bought them. But because we managed to choose the right coins, it won't take long for the coins to recover and the price will
go up again.

Instinctively as a trader; you are supposed to know few details (enough knowledge) about the token you are investing upon before you even contemplate buying it. So instead of worrying about buying a token you cannot hodl, while not instead do your own research; and ensure that you invest a capital you would not be needing urgently.

Cold storage is the way if you don't intend to use your crypto often, thus a long term hodl would be ideal for cold storage. With this bull run you never know... Though, I would recommend being on top of things as the markets can change drastically

Not true if you are going to buy it is not necessary that you will need hold it some of us prefer trading daily it's called day trading. Well if you are going for a long term investment I really think you should not really buy it if you can't hold it.

It will be easy if you will just like ignore or forget what you have invested in that way you will not suffer to any decrease of your investment. Holding is pretty difficult task especially if you will face many problems like continuous decrease of it's price and etc.

So it will be best if you will buy a crypto currency that you think you have a trust to it as in this way, holding will not be a problem for you as you have a full trust to the currency that you have bought. And lastly, invest only what you can afford to loss so it will not hurt so much if in case you will fail to your investment as there is no guarantee that you will profit to your investment as risk is always there.

I try to make the hodl come in hand with some life decisions. For now it worked for me, we will see how will I react if the bull run goes really strong.

No one can stop you for you to buy bitcoin, neither you do engage with short term or long term then its none of their business.

Its up to someone on how he gonna do with his investments because he's the only one will be suffering neither on a loss or on profit making situation.

Just do on thing which you do seem to be profitable for you.Even if someone do tell that dont buy if you cant hold then this is varying on someone's preference.

The important thing is not to buy if it's only done the fomo way, because when you buy just to follow the trend it won't give you the confidence to be patient. Unlike those who at least have a basic understanding, at least it is good enough for you to buy accompanied by good confidence too. It is important for investors to understand in advance the project of the existing coin, because even though the coin looks good in the market but when the project has no future potential, it will also be a mistake if you choose to invest in a long term.

This is the primary things that are required for you to support all the allurements or change of psyche en route on the off chance that you are actually a holder, at that point you wont actually effortlessly let go of those coins you do had however when you do really seeing new statures then without a doubt you would truly be having considerations on selling.

This, definitely, is true. A lot of people transact in Bitcoin without hodling it. If you ask them why they buy Bitcoin they would simply tell you it's to trade it and make profit without any long term hodl. I do share in your sentiment as quoted and I don't think a lot of people know the details and roadmap or the white paper of the tokens they buy. Knowing all that will be time wasting and necessarily not even fruitful. Simply put, knowing all that isn't a guarantee that anyone may profit on trades.

If you do not have a huge sum, having a cold storage makes no sense at all. I personally do not have any hard wallets or anything, I just put it on my local exchange and metamask, you know why? Because it doesn't really warrant any cold storage at all, I have very little amount. This is why I personally feel like anyone who has under 10k dollars should keep their money on a trusted third party which would be a lot more secure and financially viable.

Let's assume you found one for 100 dollars, but you have 300 dollars in bitcoin, what are you going to do buy one and have 200 dollars in bitcoin? Or keep the 300 dollars bitcoin and pay fiat? I would rather have 400 dollars worth bitcoin instead. Basically all I am saying is, if we do not have a huge sum that makes it sensible to buy a cold storage, there is no reason to worry about having your money in binance.

Once a investors are want to choose a longterm it is really needed to hold it for few months upto more few years and it's better to not watch the movement always because it will gives you an idea to sell it once you will see value drops make sure you set your goal amount where you sell so once it reached it is automatically convert to the fiat or other coin that you set.

Right way of investing is doing a lot of research buy what you think is the best and when that is done walk from it for some time. With all research done you should know which is the time when you should pay close attention to it.

That is very true because there are people who think that all they have to do is invest as much money as they can and then they will be able to make a lot of profit. What they do not understand is that just making an investment does not guarantee that you will be able to make a lot of profit. There are times when your investment goes to the low value and you had put int a lot to it anything you regret it so much later. Never bite more that you can swallow is also another good way of saying it. This is a busienss and in this business you end to work with a plan to avoid making big mistakes. That is just how things work at times.

Most of people aren't looking for long term by hodl their coins. They are just want to trade coins in very short time to earn some profit, or even picked pump and dump coins. Just few of them who keep buying and hodl until few years before sell it on market.

Everything is correct. It all depends on our points of view.
If someone bought a bitcoin for $ 41k, then did he make a mistake if the next day the price dropped to 30k but a year later rose to 100k?
Therefore, it is important to set your goals in advance and follow the plan.

You should never buy more that you can handle. It is good to invest in bitcoin but before you invest you do have to take your time and do an analysis. You need to find out just how much you're willing to invest and whether or not you will be able to deal with the outcome. Risk is part of everything and you can't just invest with a view of gaining only. You need it now just how  losign will affect you. If you will not be able to handle the loss then you should put in less money and not end up regretting it later. Making an investment is always a good option but only if you take some measures to keep it that way.

More like don't buy if you can't afford to lose. You can invest as much as you want, and sell whenever you want as long as it won't hurt you if you make a loss. Another thing, if you do plan on holding, keep a fixed goal of profit. Once you reach that goal, take your profit and then make a new goal.
And yeah, patience is very important in this case. If you don't have patience and "overthink" a lot, crypto currency investment isn't for you!

You can buy and sell, and setup this chain making more value for yourself.

Indeed. It is sometimes hard to control yourself or have the patience trying not to panic sell in all of your holdings when you see the price is getting low. It is why you need to make a plan first before buying or investing in a cryptocurrency for you not to overthink about your holdings when you see its price is making a dip.

I preferred only top 10 coin for holding. And hope for real income price up generally.

Yes you are right. Some days ago i bought some tokens of Xen nem. After that price fall 10% which disappointed me for 2 days. After 2 days price up 20%.
Patience is key for long term investor. Holding good coin will benefit 100% aur if you practice patience.

The key strategy of trading and investing in the crypto industry is to buy assets when prices are low and sell them  when prices  are high.
One condition for winning in investing is to keep the emotions where, when the market goes down and it reduces assets, understand how
the market process works and not go off track to end it when you are in a bearish market. Let you benefit when  the  price  recovers
and you keep that balance.

If you have the patience to hold to your coins until a the big ship comes in then good for you because you are not affected by short term dumps that happens in this ever so volatile bitcoin/cryptocurrency market. Being patient is not enough though, you still have to be rational as to when you are going to sell your hodled bitcoin because there are some opportunities that present itself called ATH or peaks and not grabbing that is pretty bad for you because that could be a possible profit.

I am the type to take short altcoins because I am more interested in futures trading on Binance Futures, there is actually nothing wrong with short trades or for long term investments. because for futures trading there are fees that must be paid every day. and for a large dump or pump, if you can take this opportunity, this can be a short advantage but also with a note that you are prepared to be at the risk of getting a margin call if you take the wrong entry.

Traders do have the same problem too though? I mean if you are going to trade, you have to trade with the amount you can, and not the amount you can't afford to lose.

If you go into trading with the money you may need in few days, you are not going to make a profit easily, you will have to get out before your trade is profitable, maybe it goes down today and goes up tomorrow and you have to sell during down period? That is why I think it is quite important that you end up trading with money you can hold onto, if you can't hold it and you end up with some money that you loaned or something, or just regular salary that you will need to cash out to continue living, all of those are very risky and bad things for crypto as well. This is why I think traders should be careful and also investors should be careful, both should use money they can afford to lose.

Many are whining that their speculations were in misfortunes since they have sold at misfortune and they can't accomplish hold further. It implies that put resources into what you can't bear, not utilize your month to month stipend, your month to month bill, or any just-in-case account that required whenever you need.

To hold our coins is often described as a strategy to earn money on the long term, and that is correct, however there is a very important caveat which is that for the most part holding only works with bitcoin, holding any other coin over the long term is not a good idea, now you may get lucky and hold an altcoin that makes you money and think that it is a good idea to hold altcoins, but for every person that is that lucky there are another 10 that did so and lost all of their money because they were holding useless altcoins.

And there is. Most people came to the crypto market due to the surge in Bitcoin activity back in 2017. It is obvious that all of them, or those who have remained at the moment, are eager to earn money. Indeed, in 2017, they all failed, precisely for the reason that they were streaming to quick profits without understanding the issue. Now history repeats itself, but the market provides both short-term and long-term opportunities.

We dont  know if the history would repeat for this year on what happened on that 2017 events. Holding does only imply into those people who had been having those long term goals towards their investment

Its our money after all and its no ones business on how they would use up or handle out their investment according to their likes.It doesnt mean that you dont have the right to buy because you cant just hold.

Let them be on what would be their decisions since it would be their loss if they do panic sell or sell on loss.

Indeed true and correct. Nobody knows as well if the bad things happened before on 2018 up to 2019 will repeat to happen
again at this point of time. But I think it won't this time for sure, because a lot of whaler manipulators won't allow it as far as I
can see in the movement of the price value in the market.

This is the fundamental things that are required for you to support all the allurements or change of brain route in the event that you are actually a holder. The best way to defeat that danger is to have tolerance however putting your cash into a poop venture will consistently bring about disappointment regardless of whether you have persistence.

Thats true.
Actually patience is every thing
You have to keep faith in yourself and Almighty Allah.
Most of the people get paniced when the tokens price falls. Then sell in loses.
So you have to keep patience if you wan to be successful doing trading.

indeed no one has the right to prohibit buying and selling or even holding back, because every choice is yours, so whatever the risk is, of course you have thought beforehand, and everyone is sure to be free to do anything with the money they have, at any time of price movements as it happens Of course, we have to focus on what we have to do, don't be easily influenced by someone, because in investing someone will not be able to guarantee a profit or loss. that we'll get.

for altcoin inventory I have never kept it for too long, of course this will have a big risk, and the right choice of company, of course, must be understood and we really know the company's goals, most who trade ALTCOIN only know when the token is in force nor the coin without thinking to recognize the project

When you do deal with altcoin then it doesn't really need for you to hold up for too long and rather just go for shorter basis which would really be
giving out some chances or advantage for you to play with moving prices.

We shouldn't stick with Bitcoin because making money would really be also in altcoin too if you do know on what you are doing.
When it comes to holding then Bitcoin would really be the main player on here.

Its no business of other people on what would you buy and also its up to ours if we do tend nor plan to hold or would actively trade.
Its our money so we do have the rights.

Every trader should invest the amount which can afford even in lose. Otherwise, it may harm your daily life. Your invested coin or token can be dumped and you need to hodl your funds to earn expected profit. That's the real game here. Not everyone has the enough patience.

It needs patient after all.

It's a wise decision if you will wait for the desired profit that you want. Dont sell if you see your profit was not there and I agree with what they say, invest what you can afford, not your monthly allowance. As a crypto investor, we should know this fact and should also understand how investment in crypto will work. The risky part should people understand that the chances of losing your money are possible.

Exactly, it is. We should know the risky part cryptocurrency. Because it is not stable and we all do trade to earn some profit for sure. So if we failed to gain it because of patience, I will suggest them not to take that risk without enough patience.

They lose because they jump into the boat not knowing where it goes and what he doing out there.

They come into crypto without the basic knowledge about this will lead them to tragic losses. Many had come because they heard it from the news about quick return, easy money, getting rich and etc...All of these things are a trap for a greedy individual, of course, that is impossible if we never work on our investment and if we don't have such patience.

From the little experience am having I think you should not invest in a coin you cant hold for a long term, you might endup buying a coin now the coin will start to dip, if you sell you will sell at lost and I think that's a bad idea, you just have to hold the coin till it bounce back and you are even in profit self that's why you don't have to borrow money to invest in Cryptocurrency and you don't have to use all your funds to invest.

Holding coins and treat it as investment needs to take time, never to buy and rush things up once you see dumping is happening,
it's part of this market better to ready yourself.

If you able to hold and patiently wait the chance is high to generate big profits. DYOR before buying and investing to any project that
you are looking inside.

Before getting in crypto necessary to learn and research properly about coins and correct coin to contribute in. On the off chance that you purchase bitcoin, indeed in case the cost is down, it'll go back to the tall price, so your speculation will not fair a squander of time. But in the event that you invest in altcoin, you would like to think approximately after you ought to the coin since numerous of us still hold it and don't offer when the cost increment. Keep in mind that doesn’t invest all at one con must diversify the investment.

Seeing the price go low is the weakness of some investors. They cant bear that situation, thinking of negative thoughts that led to selling at loss. Thats why its important to have plan and goal, what do you want to achieve? Are you willing to take risk? These questions keep on popping in my mind everytime I am thinking of investing on another coin. Patience is a must and the capital to use should not be meant for daily needs thus you can sit back and wait even it takes months or years before you can see the outcome of your investment.

Altcoins are more sensitive to hold because what we know is that if we hold long-term the risk will also come. So when buying altcoins and want to hold or trade, my advice is to do it quickly and don't hold too long because it's a risk

Op, I watched many buyers who bought at $36k or above and are now crying and asking whether they should hold btc or sell it. Your title is interesting but you should have added some more content to it to make it interesting for the reader to understand what did you try to say here. For others, please take this advice and note it that if you don't have enough time to hold, don't invest in btc because crypto is a high-risk market and anything can happen with btc also going to 0 (but that is never going to happen), so if you can hold till your targets are reached, then crypto will be your best investment.

I believe you've just outlined in simple words one of the greatest advice any crypto investor can get. It's just as simple as it is. Don't buy if you don't have the patience to hodl. Otherwise, you'd be running at a loss.
Many people buy coins out of FOMO and when such coin is experiencing a correction, they become apprehensive and want to sell to avoid more loss because they are already running at a loss. What I say to these people is 'chill out'. It's just a correction, it's gonna bounce back.
However, even with this, some will still lose money because they invested in the wrong coins which brings us to another advice, buy coins with potential.

It is very difficult to implement "Don't buy what you can't hodl". in reality many of us are impatient with a long time, where this long time is a condition
to invest and a condition for profit. So it is not maximal in gaining profit. I think there's been a lot of  investors  understand  about this. But  sometimes
there are those who panic to sell when the price goes down. Maybe it's happening for beginner investors.
Don't expect to profit or wealth from crypto if panicked.

I see what you say and emphasize the problem "Panic" is a thing that looks easy to overcome but if you have experienced it it will look not easy.

In any situation, especially those related to crypto, analysis and patience are really needed in uncovering what we will do next. whether we're going to buy or sell maybe even to hold back. then it is needed that it also does not reduce the high sense of panic, which will actually make things messy in taking further actions. but all can be overcome if you continue to learn and try to do and do not need to be afraid.

Thats why there is also a saying that dont put it all in just one basket.. Anything good or bad can happen in the cryptocurrency market in just a snap which can make you lose or earn from it..
 I actually do invest on different major cryptocurrencies and even the altcoins the difference between the two investment is that you really need a very long long long patience when you invest in major cryptocurrencies like  BTC  (https://trade.kucoin.com/BTC-USDT) and  ETH  (https://trade.kucoin.com/ETH-BTC) as we all know that its price can just pump after years and years of waiting but when it reach its new peak or new All Time High it satisfy you in the most amazing ways, not to mention its adoptions as well and the buying of the big corporations and people but ofcourse I also do hodl altcoins like  $ADA  (https://trade.kucoin.com/ADA-USDT)..

 In terms of altcoins I do hodl and swing trades most of it as we know, alts price can really go pump and dump most of the time compared to $BTC so it will give you instant profit for shorting it but there are also lot of shitcoins so we still need to be careful on investing too, Technical Analysis is a big help for you to know the right timing when to trade it.

I think the right words are, don't buy coins if you don't afford to lose money, in trading there's no assurance that you will not be rekt nor you will be having a little loss, yes don't buy because of fomo, the best thing to do is to research everything first before investing, read what is the purpose of the coin or its use case, what are the plans in the future and so on, and for those coins who are already in the market better to see some news update in the web so you will know what is their status.

Patience is always the key to success or even in investing in cryptocurrency. If you want to invest and earn a good return, you should have a lot of patience like what happen in bitcoin, if you buy during 2018 lower value and hold it patiently, I'm sure you gain a lot this time that bitcoin increased too much in value. However if you are going to invest now, just invest the amount that you can afford to lost in a certain coin which you think will have a great value in the future and you are going to hold no matter what happen in the market until it reach your target value. Although it's difficult but a true investors are also a risk taker person.

There's no indeed an assurance this is why with due experience we would definitely somehow increase our chances on making profits into this market.
Its up to someone if they do decide to hold nor actively trading with the market because profits can neither be seen in short time or in long time
depending on someones preference. Its not that you shouldnt buy just because you cant hold because its also one of the ways to make out money
when you do make active day trades.So profitability will really vary on someones capability on making trades and other factors as well.

Many new investors panic when experiencing a decline and many are exposed to Fomo when they want to buy, it's better to buy when dip and sell when bull or hold

in fact, it is very difficult when things don't work out according to reality...
every trader or Hodler must feel very heavy pressure when they see the assets they invest in decline in value. be patient and continue to believe is something that must be instilled in your head. Don't do stupid things like cut losses when the value of your assets drops a little.

in detail you have explained what to do from the start so that you don't experience things that might be detrimental. but we know that all what is written is sometimes not in accordance with the practice that occurs and please remember that many copy and paste for the whitepaper that will be done and are not pure, because the goal is to commit fraud. few people who are meticulous to detail do as you say.

they are only based on who is Dev and the team behind him and sometimes only based on who the BM is, because he believes that certain BMs always produce good projects.
but I strongly agree that what you say about the losses that will be received by buyers is something true, because crypto is both loss and profit, just how to analyze properly. so you must be ready to accept the reality in order to minimize the losses that might occur.

As they say, “patience is a virtue” and with that being emotional is not also good in this industry.
You should have a strong mind, heart and determination in order to fulfil the investment that you have started.
There are always risk in every financial decision we make, thus we should aim for the direction that profit will be gained.

This things are not really the way we are looking at it. One has to be financially stable before you can make such a decision. When I saw this, DON'T BUY WHAT YOU CAN'T HODL. It strike a chord, the purpose of buying is not really to hold for very long time depending on the kind of entities you purchased. But when you BUY today and the trade goes against your prediction, you don't have any other options than to wait for it to come back either go up or come down back to your prediction. And in the process of doing this, no one knows when it will takes. Sometimes, it can take weeks, months, even years. So if you want to buy make sure you are not buying with the last money you have with you, so you won't have to sell it while you have not make any profit.

All behavior related to crypto will obviously always be full of risks and that must be instilled from an early age, because everything we will do in crypto, be it trading, buying or selling, must be based on good analysis. but I totally agree with our colleague that emotional or panic should not happen because it will obviously interfere with what we are going to do next.

agree, every financial decision that we will make is certainly full of risks, therefore we must take actions that minimize any mistakes that may occur, although that will not guarantee that it can be easily done.

The idea of "diamond hands" was risen lately, diamond hands means the opposite of weak hands, if you are someone who sees a small drop and get scared and sell the price that means you have weak hands and you will end up losing money in trading.

However if you have "diamond hands" that means you can hold even if it drops 70%+ because you do not care about the short term quick falls, you want to sell at a certain price, you have a goal and you will not be selling until the price reaches there, doesn't matter if it goes down huge amounts until it reaches there, it could literally fall very very low but at the end of the day you can wait for a very long time if you have diamond hands so that fall doesn't bother you. In trading world being capable of removing emotions and having goals that you set and following that, you will be capable of profiting without a trouble.

its very hard to do it when your investment is small. if you buy  coin at low price and your investment is low i cannot hold a longer time instead trade it with much effective technique just like short trading. yes it is effective when you hodl your coin and sell it at intervals but it is situational, if you have higher capital in trading the hodl matter will be effective.

indeed, to do so there are always obstacles that will occur, not all with the analysis that we through the theory that we have in practice will be the same and can even happen to be the opposite. I agree with you that it is not fun to happen when the investment we have actually decreased not ccording to what we expected, but in crypto we actually have to instill from an early , that it is very possible and is not a strange thing.
In theory, it is true that buying when prices fall and selling when we consider it worth selling, but in practice it is not easy.
it could be wrong to anticipate because the most basic things are greed and panic.

Without the character of having a patience, I think We cannot able to earn here for sure. Once you buy of the coins in any of the exchange platform We as an individual traders must supposed to patience at all time and have a self-discipline and know how to control or manage our emotions anyway.

Patience is also the key but too much of waiting might really result into lost of opportunity to make profit but well every decision would be made would have corresponding risk.
Emotions would be one of the biggest factor that would heavily affect your decision making skills this is why decisions does really need some sort of luck for you to benefit the
possible maximum that you can make. Holding is just an another option but wont really be that necessary because here on the market we can either both hold or
actively trading it if we do like to see profits in short time basis.

Yes, we should always manage our investment otherwise it is impossible to control our emotions at one stage, instead of focusing on short term better we need to grab most development coins and it will surely help us to make a decent profit. The low investment will help us to hold the coins.

We are always keep on telling these qoute "patience is a virtue" which also are beneficial but not all the time. The essence of industry of trading isn't the thought of buying and hodl for a long term investment. Though we have our own perceptions and preferences of what we will going to do to a crypto that we purchased, but yo train yourself fearfully trading and to learn also by doing such risks then trading should be done by how does it done.

I believe you could get better and better with time when you are hodling. For example, if you invest all of your savings (still money you can hold) into bitcoin and the moment you invested it started to go down, you bought at 40k and it never returned? That scares people, and scares a lot as well, that is really not something you would be fine with and you may end up selling as well cutting the loss and getting out, I would understand those people, they are not used to the market and they got scared, I would advise them not to but I also understand it.

However another thing about this is the fact that we live in a situation where people who bought at 20k, saw that their price went down so much that it became almost nothing but then became 2x profit later on when they didn't sell, so people who have been here for a while know that holding for long time definitely helps.

Indeed, patience is a factor to create a great return for investors but it is always a double-edged sword, we need to understand when we need patience and when we need to stop to consider our investments, a lot of investors value portfolios according to their preferences, and as you say, a positive result is not showing up too much. Personally, I always choose the top altcoins and really valuable altcoins, learn and research the scope of the project, that will give us a glimpse of what we should keep in the long term, shitcoin should only invest in the short term when the market has waves of recover

Confidence, patience and not panicking quickly and always guided by a good analysis, of course, are things that must be a priority, what we will do to have dicrypto. The key is that, whatever work we will do in crypto, because without it, everything can not be what we want.

what you say is something that is true and indeed it must be done, after you buy coins to trade independently, it is clear what I said above is what we need to have first then we start doing the work so that when we are wrong we are ready and make learning in the future.

because to do what we will do then whether it is holding or buying or even selling we are ready and able to do it.

To be honest, few people can really resist greed. Therefore, I fully support people who say that it is better not to buy what you cannot keep. I think that 70% of people have already sold everything that they have been saving for 8 years.

IMHO, you can never go wrong with bitcoin (https://trade.kucoin.com/BTC-USDT). (For long term atleast) given that it has proven, time and time again that it increases in value on a yearly basis. Every year its annual low is higher than the previous one.

"Don't buy what you can't hodl" is the headline! Warren Buffett said "If you don't feel comfortable owning a stock for 10 years, you shouldn't own it for 10 minutes."
And I agree with that, it's why when you trade with bitcoin or some coin you believe in the long run, you don't cut losses, you just wait for the price to rise again and set up new ATH!
And like I always say, you can't trade if you don't have some holdings! When you choose your pair you need to have a nice bankroll of each of them if you wish to be successful in the long run, with all the changes around!

I think Minimum holding should be 5 year. If any one cannot hold specific coin for 6 year he should not buy that coin. There are very high fluctuation in Cryptocurrency specially in these days.

Precisely, i guess there are no traders that are wanted to hodl a coin which they think are not worth to hodl for a quite long time. Thus, it is also true that the essence of trading was not about after you buy that crypto you hodl it for a long term, these was not called as trading but an investment. However, a hodl term in trading doesn't mean you are hodling such crypto that would define that what you have been purchased wasn't worth it. Of course you are trading because your goal was to earn a profit, then if you can't wait to hodl for a quite short time before the crypto market value become good for you to get a profit then you're not trading to earn, you didn't even make your capital get back.

But I think it is somehow not relevant to crypto I mean crypto market is very volatile, sometimes it will only take you 10minutes to become a millionaire and sometimes it will take you 10mins to be bankrupt too, I think the right term is Do not invest what you cannot afford to lose, in crypto you may hold it for a little span of time only and sometimes or for a long period of time.

Coin selection is a major factor for long-term investment or trading. for me if we are not smart to choose, we will only be trapped in the type of coin that eventually becomes trash. This is not very good and it will only make our profits decrease, so don't waste your assets on investing in coins that have no potential

You can only say things if you really focused and invest your time understanding the potential of any
particular assets that you are aiming to invest your money, without in-hand experienced everything
will fall into speculation, most of the time trash project will trapped you and just bring frustrations
better to sort before picking the project to invest both long and short term position.

OK, tell me (by example:which coin, when, where) is making people millionaires in 10 minutes?
And now tell me that you think how Bitcoin did everything to be where it is in 10 Minutes? What are you talking about?
Take a look at really reputable coins, take a look at their prices 5 years ago and look at them now and tell me how holding is not paying off!? Are you able to do that? And when you are so smart tell me what you expect from reputable coins in the next 5 to 10 years?

usually fundamentally an altcoin can be bullish, but fundamentals alone are not enough for altcoins,
TA and community strength must also be in line with their fundamental, in this altcoin season I think altcoin projects that have a strong community will start pumping, like Doge, next me think will be on XRP and Tron.

indeed in practice we will do as you say. but you need to analyze well and need patience in taking action if you want to invest in any coin. because when we come down, if we are impatient and panic, we also can't solve the problem. I agree that everything must be well planned.


actually the main point in investing is to refrain from being patient and not panicking quickly. if we can invest it, then we choose what potential coins to invest or trade. we can see the profile of each coin in the many predictions available, to help analysis before we execute what we are going to do.
Please remember that not all of our actions will always be successful, otherwise we will trigger boredom because of hopelessness in our actions.

for long-term investment it is indeed more difficult, in addition to requiring strong analysis it is also necessary to select the right coin. because the asset stakes are very large in the long term. in addition, investors must be strong in carrying out long-term holding. it is like being patient when there is a storm and having to be strong under any circumstances until the point in time is found.

They problems is they use the money for their daily needs or not the extra money so the reasons why they did not hold the coins.
The people who are using the extra money and have enough knowledge about investing and trading who is usually earn money because they are going to hold the coin they bough what ever happens like dumping who is mostly investors panic so choose longterm holding and that is guaranteed for you that you earn money..

That is a marvelous statement, however you have to realize that trading and what warren buffet does is not the same thing. Trading is buying and selling as quickly as possible to make as much profit as you can in a quick period. If I can buy now and make 1-5% profit in one hour and get out, I will definitely do that as a trader, not that I am a trader, I am an investor and that is what I do, but I just think that traders think this way.

Warren Buffett is an investor and he thinks he needs to find stocks that are undervalued, buy them, hold them until they are overvalued or even forever, and that's it, he rarely ever sells his positions. This is very very different from trading, if you buy and hold that means you are not trading at all, hence I think it is not really that shocking that people may want to get out in couple hours and that is acceptable.

Two friends of mine who jointly invested in a coin that recently had its market value suddenly rise where very excited by their sudden profit. One brought up the notion that they should sale and quickly get their gain, the other, although not so sure said it was better to hold it that it had a good market projection rate. The other not too sure about his opinion followed the other person to sale at the profit they had made. Some fews days later the coin gained more and the two of them that sold their coins already making a little profit where not happy because they could have made more. The entire point of this example is to say that patience is key when trading and investing, don't buy what you cannot hold for long.

I believe it could be "made" simpler for long term investors, it all depends on what are your goals are but if you are smart enough you could find a way to make it simpler to hold. For example if you invested into bitcoin, and you keep investing into bitcoin once per month when you get your salary, that means you have a good plan laid out already, that will make things easier for you in the entry side and you should do that for 10-20 years without any stop, just put some money into bitcoin every month for 20 years.

Second part is the hardest part, its not to sell when you see it go super high or crash very low, for that to happen I suggest not checking the price at all, obviously when you are buying once a month you will see the price, but ignore that and for the rest of the month, and your life, do not check the prices or care, just ignore it completely, focus on the fact that you will sell 20 years later and not a single second early. That will really help you.

theoretically what you say is a very wise thing to do but in practice a lot of mistakes are made because of impatience and when it makes a mistake what you do can be wrong. in the long term investment the possibilities in travel can always change quickly, we must be patient with this.

The main risk of long-term investment is capital that is separate from daily needs because it can affect investment not running on time because there are other needs that result in us having to release / sell not yet on time. because it is important, the capital must be large.

what you mentioned is very good if our funds are insufficient and we can set aside the work a little at a time, but I am not sure it should be up to 10-20 years because the halving occurs every 4 years and the price is definitely ATH.

Patience and not panic quickly are the main capital for long-term investment, especially last year bitcoin made a short-term investment for almost 4 months and it will clearly change the impatient and panicked mindset. to act out of order anymore.

Yeah if you need good profits then patience must need because with cryptocurrency anything can happen in any time.when crypto market going down or invested coin go down, at this time many traders are feel panic and sell their coin low rate.so, if you try to became good traders then came in crypto market with your full patience.

That's actually one of the best things that I have learned in crypto world so far. I was too scared to hodl before especially when I see the prices dropping. I've learned that the best capital that we could have in investing is patience. If we'll know how to be patient then we'll be able to gain a good profit in time. Sometimes our fear only leads us to regret so we should be willing to take the risks.

I don't agree with this. Because it means a limitation of trading. But if you want to vary on your investment then you have to think versatile. If you can't hold then you can buy and sell it immediately that will be low risk and you can get some profit from that. Sometimes you can take a short profit from this type of trading.

If anyone unaware about the correct trading stategy, then holding crypto could possible to be another chance for them to make money from crypto market without having much trouble. don't think anyone would mind to check their currency portfolio list regularly if found those hodl currencies are keep raising! But If those currencies getting drop continueously, then wise to sold those all to avoid extra loss.but that won't be a proper way of holding.rather try to choice some potential currencies so that could hold it till long preoid even some short drop occurred

Patience and not panic is the key that you also say in wading crypto, because we see the price that goes up and down today is fast happening. so if you can't wait to do and analyze properly and with full calculations you will definitely experience things that can certainly be detrimental when you anticipate them.

I agree with what you said that fear of taking a stand will lead to regret in the future, crypto is full of risks and we have to instill it and have to be brave enough to take risks even though losses with the aim can later turn into profits.

There might be surge in price right now but having a profit go skyrocket in 10 minutes is too unrealistic. Even doublers are disappointed to their schemes/scams that someone can be a billionaire within  10 minutes. ::)
Takes a year to grow a coin, dunno why would someone claim something like that.

The rise and fall of a coin or currency can happen at any time, which is true when you are investing and seeing the price of a currency decreasing is not fun. But all of that can be predicted and anticipated. Although, predictions are sometimes not quite right, at least we have anticipated the coming ups and downs of the currency. With frequent reading of market opportunities, and seeing the impacts and risks that will be faced in the future, we can anticipate the coming out of a loss and immediately look for solutions to solve it.

Prepare a reserve fund to anticipate these losses, so that later there will be funds to get a return on investment. The reserve fund is very necessary to meet unexpected needs or risks. It takes patience and endurance, because with what we know a currency will rise later, especially the currency that we predict will profit and it is possible to decline according to the conditions.

Or just invest what you can afford to lose and hodl? I mean,,, reserve funds and anticipation are great but we all know we are at best amateur traders and investors. If you believe in the network, then you know long term is the only thing that matters.

Altcoin investments? Who has time for that?

The author said golden words. It really is. You need to buy on the fall. Buy only for a long term. And don't succumb to FOMO. But for this you need to deeply believe in the project. And in order to deeply believe in a project, you need to research it well. You need to study all the technical documents. Spend a lot of time in chats. You need to communicate with the fans of this crypto project. If this is not done, then there will be no faith in the project. And FOMO will wake up with every fall.

I agree with the fundamentals you are proposing, having a strong and active community will certainly help in pumping the project. Doge for sure seems to be one of those Alts that have this but I wouldn't put my money on XRP or Tron. These could pump but there might be better, low market cap coins that can easily multiply the return several times such as VTHO or Kava.

The same Warren Buffet if I remember correctly made some vague statements about Bitcoins when asked and later Tron creator bid the highest to do dinner with Waffet so it also shows that what Buffet says we shouldn't just blindly follow. He is rich and might hold some assets and even lose them all he won't care but we bitcoiners don't have big capital and hence its natural to panic under tough times when bitcoin is crashing.

But I agree with the headline "Don't buy what you can't hold" or trust I would add. If you are buying something trust it and have faith in your decision and this applies not just in crypto but in general as well. If you cannot back your own financial decisions then there is no way you can be successful in long term.

Yes and another reason why people cannot hold is because they are following the prices of bitcoins too closely which enables panic when the market is falling and thoughts of selling when the market is pumping both of which are against holding. I would say people who earn enough daily and are busy enough to avoid checking prices daily have the best chance to hold bitcoin for the longest periods.

It might be profitable or not that I can't say but for sure people who have something else in life which keeps them busy like jobs, gambling or anything have the best chance to hold bitcoins. Also avoid all kinds of news when market is falling, just don't read them because they all talk negative when its dropping.

Be busy and keep yourself away from all that's happening into bitcoin is the only way to avoid panic selling. These news and articles can wash your brain in no time so just avoid them all.

It is true that choosing the right coins to invest in our assets is the most important thing. Because as he said, a good coin or currency, even if the price decreases, the price will stabilize again and will increase again after the decrease. Unlike the new currency, maybe at first the coin price will be quite high and increase due to the large market demand, but gradually most of the things like that will be abandoned after it feels that the coin is no longer sustainable. If we choose a new currency whose price is increasing, you can hold it, but you also have to pay attention to market supply and demand, if every day it decreases, I think you should sell it immediately. Because some people choose to hold it because they want to get a profit, it is precisely this greediness that is the main trigger for experiencing losses. If you feel that you have benefited from the coin, there are times when you sell it and leave a little to monitor the price first, don't keep holding on to the assets and profits you get.

Speaking of HODL is about trust in the background, it's the same as don't buy if you doubt its potential. Aiming at HODL does not mean forgetting risk management without managing the risk of loss that can be borne. Because not all coins have the potential in the long term and some even continue to decline in value slowly. We need to get out of that circle before the value becomes truly zero.