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Author Topic: what things can do if i hodle for long time crypto  (Read 351 times)
justdimin
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May 19, 2024, 09:19:23 AM
 #61

what are methods you used to forget the market conditions and keep hodl?

In my story , i always log to twitter and see what is happing , see coinmarketcap always, see youtube videos related to crypto. so this makes me sometimes panic , fear. 

please update what things you do
Honestly, you do not really need to "do" anything? I mean holding literally means doing nothing and that doesn't really feel all that bad to me. I get that it may not be all that crazy to think about it that way, but it is quite often that most of the time we just end up with nothing at all, we should be considering this situation as common as it gets.

There are a lot of long term holders and should not be focusing on anything but just making it work further and further. It would be possible to ignore the prices if yo udo not care about it all that much, and I personally do not care about daily movements, it could go down or up daily, but since I have seen so much changes, that daily %10 or less doesn't mean anything to me at all.

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May 19, 2024, 10:03:22 AM
 #62


what are methods you used to forget the market conditions and keep hodl?

In my story , i always log to twitter and see what is happing , see coinmarketcap always, see youtube videos related to crypto. so this makes me sometimes panic , fear. 

please update what things you do
Obviously you are not clear with your point yeah so if you are holding an altcoin and you see updates on Twitter and the rest of the social media and that shows decline in the price movement and you begin to fear then what you need to do is do more research more concerning that particular coin, search for groups where holders of the same coin communicate or share idea.

Then you will find updates on what and what not to do at the moment because currently, here we do not know what situation you are in or what coin you are talking about but if it is something like Bitcoin which you obviously stated you are in for a long time hence I will advise you keep Holding but if it is an altcoin which I am not certain about it volatility then I would suggest you make more research concerning that particular coin in order not to loss everything.

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May 19, 2024, 10:14:00 AM
 #63


what are methods you used to forget the market conditions and keep hodl?

In my story , i always log to twitter and see what is happing , see coinmarketcap always, see youtube videos related to crypto. so this makes me sometimes panic , fear. 

please update what things you do

I have my crypto in my wallet but locked out in such a way that I can not have access to it if I feel pressured. There was a day I was stranded in my school campus, I was waiting for my parents to send me the money I requested from them but they delayed. I almost forced my self to access my crypto funds but my private key was not with me. Be determined to hold, keep emergency funds and also keep your private key out of your device so that you can not access your funds easily.

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johnsaributua
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May 19, 2024, 10:48:46 AM
 #64

Hodl is indeed a difficult thing because it fights against the lust to reject profits especially when the trend is bullish even though buying crypto on the same day Cheesy . But if we are professionals, meaning developing cold money and not aiming to leave as soon as possible, of course we will enjoy the price more like the character Elon Mush maybe Grin, some of the ordinary people also have a good trading mindset and analysis including for the long term will remain calm, the best option is bitcoin and altcoin for me is ethreum.

If you want to throw it away you try using a non-custodial wallet / cold wallet of course not connected to the exchange. if you have a routine for other things I think it will be more awake, unless you have a daily scalping habit and want to hold long-term too, of course you have to separate wallets. I often see corrections of an altcoin such as eth even sell other assets if in 1 wallet Cheesy, because they assume it's an opportunity.

News and fundamental information are important, but your strategy in managing your portfolio also needs to be considered. If you can get through comfortably with hodl too, of course investing will be more enjoyable and know the best decision.

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May 19, 2024, 05:10:12 PM
 #65

ou didn't specify which coin you took as hold. However, you should keep your holdings safe for a long period of time so that you can sell multiples at a profit. Your holding target should be 4-10 years. Since you are in holding, it makes sense to focus on holding for the long term rather than focusing too much on value. Good for you if you don't consider all social media campaigns.

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May 20, 2024, 05:32:34 PM
 #66

Quote from: Asyifiah
Holders must be thinking about what challenges they will face when the market dumps, but it is still very natural not to experience losses.
  If you understand the crypto market very well and you have the knowledge of hodling for long years, you don't need to be scared any challenges that will occur in the market because nothing last forever in the crypto industry.

There is a way you will understand crypto investment, it will be difficult for you to experience loses in your investment because you will like to trade your coins in the bull run and it will make you to remain in profits making in the industry, and it will help you to have enough in your savings to buy whenever the bear run occur at anytime.

Quote
For me, we will be holders, just study the movement of an altcoin that we want to buy, wait until we are sure when it goes down, buy and save until the altcoin rises up to 10x or even more.
But there are some altcoins you don't need to buy even though their price is very low in the market,  and if you go ahead to buy such altcoins, you will experience big losses in the future because the team behind such altcoins will not make it to pump higher for their customers to earn to their satisfaction.

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May 21, 2024, 09:48:36 AM
 #67


what are methods you used to forget the market conditions and keep hodl?

In my story , i always log to twitter and see what is happing , see coinmarketcap always, see youtube videos related to crypto. so this makes me sometimes panic , fear. 

please update what things you do
My holding strategy depends on the specific coin and my investment plan. For example, with Bitcoin, which has a history of generally increasing in value, I typically buy and hold, checking news related to it only once a month or twice every three months if my plan is to hold for at least a year. I also try to keep myself busy with other activities to avoid constantly obsessing over my investments.

Remember, it's crucial to only invest money you can afford to lose. This way, you won't feel overwhelmed with regret if your investment goes to zero. Cryptocurrency is extremely volatile, so investing money you can't afford to lose can lead to panic and fear.


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