Bitcoin Forum

Many people plan to hold crypto for long term but as time goes on they lose hope because of various reasons like

1. Unexpected money needed
2.  They got tired of a never ending bear market
3. Loss of job
4. Advice from weak hands (discourage).

Here are few points that can make holding easy for you

1. Secure a real world job or other online job that has nothing to do with crypto.
2. Invest very little daily or weekly, 10-30$ depending on how much you make, the little the money is the better.
3. Have fiat in your account just for emergency purpose.
4. Have good patience and understand that crypto market is just like a weather, good time will come again.
5. Stay away from small minded people that could discourage you.
6. Target the next BTC halving season atleast, things tend to always turn around when the season is near.

Both these kinda contradict each other; and I could almost guarantee that the #6 advice would end up badly for the typical retail "investor".

A quick summary would just be to not over-invest and always have cash ready, and dollar-cost average. https://dcabtc.com/

There are very good reasons to lose hope while bag holding "crypto" instead of bitcoin. The constant dumping, lack of adoption and utility in real world have ensured that altcoins don't have a good long term potential which is why they have always lost value over the long haul.

I would say holding for long term is difficult but not impossible if you are pateint enough and invest wisely in the bitcoin..But as you said loss of job which is uncertain and can happen anytime so this might be case of emergency and funds can be extracted out if we need them in my opinion because saving for future is good but current cannot be compromised due to it.They can be withdrawn in case of excess need so there's no problem in that case.

But you should be prepared for it and have some extra source to get your daily expenses covered while keeping your amount safe for future and the best is to keep them on cold storage for long term and don't think about it or other way as mk4 suggested that DCA method is more suitable for many and you can get more btc over time.

You forgot one of the important steps and that's to uninstall all price tracking apps and to stop checking prices on the regular basis as doing that constantly won't do you any good if you are hodler.

Couple of years ago I did exactly that, removed Blockfolio from my phone and cmc/coingecko tabs from my desktop pc browser and I must say that I feel much better now that I'm not obsessively checking prices xyz times per day, like I used to.

During bear market, managing your emotions can be tough, especially if crypto assets suffer double-digit losses. But when this happens, and to be successful as an investor, you must stay the course and not buy or sell the crypto asset in a panic. The next worst thing you can do is to get emotional and sell when you shouldn't.

In such an environment, a good strategy is to take occasional profits and to keep some capital in reserve for unforeseen events. Keeping a tight cap on your exposure, and selling when you know the opportunity is a good one, will allow you to ride out the bear markets while capturing profits.

I would say that your advice is not bad I guess for people who have little experience investing.


Some of us are not much affected by price. I look at it and since I'm used to bear market I don't care. I like it better when we are in bull market and beat ATHs. Then I look at the price more frequently. But I don't change my investment strategy because the price goes down or is in a long break even. It does not affect me emotionally.

Lately I look at the price once a day or sometimes less.

There are many factors why some ended up giving up. Maybe they doing it wrongly. There are some who survive inspite of such bear market and the idea of risking your daily live money isnt really a good thing to happen. People should segregate this from investment cause some mistakes they risking it like betting their money allocated for food and etc to investment and when they lose they ended up dissapointed.

Most of the above wouldn't be a reason to sell or panic if an investor does what is expected of them, investing only what you can afford to lose is one, if you invest in that way using only a spare part of your funds or incorporating the DCA investment strategy for example, then you would prolly not have to go to your portfolio if you need money, even if you lose your job, you would have saved up a lot the traditional way and as well as bitcoin, and the fiat you prolly have will suffice till you can get a new job at least (but mind you that if it does not, then sell). Then as for gettting tired of the bear market and getting discouraged, i am pretty sure people who have sufficiently done their research and understand the Bitcoin network would not be fazed by that, so knowledge helps with that one.
All of your other points in this regard are valid ones, but then again we must set apart Bitcoin from other crypto, if we talk of just Bitcoin, then it is actually a great idea to learn how to be patient and hold on for the long term cause it is sustainable for the long period, but personally i would not advice one to hold on to altcoins for too long, i think if you make some ROI, it is smarter to sell and look for another one, that is cause they are usually short term projects/pump and dump coins.

Just a few pointers, presuming you've done your homework, have a day job, and have some cash available for emergencies.

To begin, transfer all of your long-term crypto out of an exchange and into an offline environment. When you keep crypto on an exchange, you may feel tempted to sell if the price of the coin you're holding rises. And putting it in an offline environment would increase the friction of transferring them back to an exchange; in other words, you're increasing the amount of steps required to sell your cryptocurrency, making it less appealing.

You may say that the process is simple, but hey! It's effective for me!

That sudden sale is really happening because of some unexpected in need of money. In the end, the holder has to sell his holdings for that surprise expense because he hasn't seen that happening.

Another solution with that is like securing an amount of holding that you will never spend despite what happens like declaring it as your wallet A. It's like a promise to yourself and only you can do that. This is what I've been doing and despite there are the unforeseen expenses, I have the other area for which I have budgeted and I'm good even if I'll sell a part of it or even whole holding for that wallet B.

The important reason why I can't hold encrypted assets for a long time is that I expect to get rich returns in the short term, or I'll sell it. I'm such a stupid person.

I can agree with most of the tips, but I would like to add a few important things.
It's important to understand that crypto is a risky venture and that we never invest the money we need for living needs like food, medical treatment etc.
It's also important to have a long-term goal and a clear exit strategy, and stick to it. It's important not to let emotions lead us.
Good luck everybody!  :D

You know what's the best way to hold with ease? forget you invested and remember in 5 years or so :D Something like that happened to me, I decided not to care about crypto in late 2017 and then got reminded it went up in 2021 :) And what do you know, to my surprise it paid off :D Yes, holding takes a bunch of self restrain and discipline, and not everyone has that. ANd it actually depends on how much you invested and from where that money came.

They don't count how much money they can use to invest in crypto because they see many people making huge profits in a short period. They forget that people who are lucky to make big profits also have a holding period for their coins, and they don't know how long those people have held their coins.

If they could find more information before investing in crypto, they would survive, especially if the market is in a downtrend. That's why we need to have short, medium, and long-term plans to avoid getting stuck in a difficult situation.

It all start with financial management, when you plan to invest, don't invest all your savings, it should be divided properly.

For me, I divided my saving as follows.

10 % vacation
30% emergencies
70% investment.

if you have prepared funds for emergencies, you'll not be tempted to spend your investment in case something came up.
Discipline is also very important, you need to have that to succeed.

Mentally wanting to quickly gain an advantage seems to be a very difficult thing to eliminate. I've experienced that before, although I feel better at controlling my emotions. But sometimes the source factor of funds used is also an excuse for difficult holding for long.
It's hard to set aside $10, because my income is no more than $100 from my job off the internet. But indeed since I gained trust in the Campaign I can set aside some, even if it is not routine.

We have many factors while people kick out holding cryptocurrency for long term period, so those factor's is base on individual strategies point of making money daily and annually. So from my observation people feel so sober when they adventure into disadvantages of crypto investment indecencies that they put in all their capitals into investment.

The disadvantages of investment have to be made know so that some people will take precautions via investing their money, let us consider this below as the primary objective to know via cryptocurrency investment.

~ don't go into investment with all your capitals.
~ invest with finance you can lost  and bear without committing suicide.
~ holding of cryptocurrency is good when you have another source of generating revenue without been dependent to your investment.
~ be known that investment of any kind fall's into two categories
A} advantages ( profit and gain)
B} disadvantages ( lost and negative)

Find a good job first and in the process of saving money you should be directing few dollars into BTC or ETH, I recommend these two coins because they are more reliable, don't invest in tokens that promise heaven and earth as they will likely fail in few years time.

1. Invest only what you can afford to lose.
2. Jobs make thing more easier in life and give room for easy investment
3. Stake your coins to grow your portfolio, a wallet with 1000 coins will remain the same after years if you don't stake.
4. If the coin you hold reach a new ATH it's wise to take profit and wait for correction to buy back, this will increase the number of coins your have.

Wouldn't help it for some people that are entirely new to crypto. I mean like "volatile" would make someone think that it could go to the moon in an instant. Taking profits ain't that bad. It's just that some people are expecting too much in cryptos.

Most people always find it difficult to hold a coin, because some people always invest all the money they are having which at the end they always end up selling it gradually whenever they need money to survive, I believe if you are investing in Cryptocurrency, always make sure after investing you are still having enough money which you can be spending so that you won't endup thinking about selling your coin and spending the money you invested.

1. That is why we must use money that we never want to use for at least 5 years (because this relates to a long-term investment), use only free money. And if we are going for long-term investment, ensure that we have our own savings in our real life, not saving all money into a crypto investment.
2. bear market will always have an end, we have seen several times that the cycle will be ongoing after the bear market to be bullish market. In this case, we must be more patient waiting for the bullish era. It seems like, buy, hold, and forget, open when the bullish era is started. That is why we must be careful to choose the right coins, never invest long term on shitcoins because it may end on dead coins

Just hold, don't mind the price changes as the time that we are tracking the price daily becomes bothering, and the more it triggers to think about selling.

* Don't check the price daily
* make some fun of other stuff
* Don't rely on crypto alone (another source of income is way better)
* Set a plan or target year that you are committed to holding, not just a plan only

The success of holding depends on us literally.

The OP makes some points of which I don't agree with some of the tips she provided because holding crypto for the long term has to do with self-discipline and understanding. You have to decide what you want either for the future betterment or the current enjoyment.
Having said that, the best strategy to invest in and safe crypto for the long term will always be the Dollar cost average.

It's true, often people fail to hold the coins they hold because of time issues. it is indeed difficult to hold and also be patient while holding but we must also be aware that it is better to protect our crypto assets from market declines. In holding crypto, we must be patient, especially if the market has started to fall, we must be prepared to hold. it is true that we have to separate crypto assets with personal needs so that our crypto assets will not be disturbed. it is better to keep little by little but be consistent than to keep a lot but take little by little for personal use.

These are not reasons of losing hope. If there's an emergency and you're forced to convert your crypto into cash, you are not doing it because you are losing hope. You are doing it because there is an urgent need. If you lost your job and you're taking some time to look for a new one but to no avail and you're forced to turn to your crypto, you are actually not losing hope. You're simply caught in unfavorable circumstances in which you're not given much choice. Following a wrong advice is not losing hope either.

I guess it's only number 2 that is a sign of losing hope. And I think it could easily be addressed. It's either you take some time off from short-term charts and daily or even hourly price monitoring or take a step back and see the bigger picture. The wider view actually enlightens and encourages you. Finally, don't expect that you'll become rich overnight with your crypto investment.

Bitcoin investment is for everyone who affords to lose their assets, many people use their funds in daily needs, wants and etc of course we cannot blame them it's their habit but if you don't need to use our assets the most ideal thing is to hold most of the people earned profit is having a golden hand but we cannot blame them its part of the market when the price drops. It takes time to get profit in crypto many newbies just comes here because they saw in different advertisement once you invest in crypto you will become an instant millionare.

In addition to understanding and recognizing the risks in a crypto asset, having a plan in place to implement your assets in an emergency is critical. Without this, it will be difficult to manage emotions and not make rash decisions during a panic.

If you buy at the right time, you can avoid major losses during a bear market, and if you stay in the game, you can capitalize on gains and enjoy the excitement of crypto investing. Just stay the course.

I think the whole other points you listed boil down to cash needs. Otherwise, ordinarily I don't think anyone will want to spend the little Bitcoin they've without a thought-out plan. We know Bitcoin is ever going to keep rising and it's best to sell when the price is very high but then it doesn't always work out that way because of financial constraints. When push comes to shove, one has to sell a bit to save oneself from needs.

It's easier said than done. Jobs aren't that easy to secure. You may have one now but don't think those who don't have any are lazy or are not ready to work.

This may be usual.
But if we use very free money for investment, we don't need to be such hurried in the selling the coins when we need urgent money.
Investment is commonly for the long term and the results will be collected.
We may see some changes in this life when we want to hold cryptocurrency so far. It seems very difficult, moreover if we are holding the altcoins in which they are not listed in the top coins yet.
This will make us worried more than it.

In my experience, I can hold with ease if the money I invested is not meant for important things and I also have a stable job to sustain our daily needs.

Its important that you're not relying with your investment because we'll never know when is the moment that we can gain. Thus having other resources to earn money is a must so you'll not get tempted to sell specially if the market is in bearish.

So before we invest be aware of what to expect and the risk associated with it.