How to hold with ease

[isaac_clarke22]

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.

[Issa56]

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.

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.

[kawetsriyanto]

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

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

[Kelvinid]

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.

[suzanne5223]

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.

[nurilham]

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.

[Darker45]

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.

[Peanutswar]

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.

[Marvelman]

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

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.

[Mpamaegbu]

1. Unexpected money needed

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.

1. Secure a real world job or other online job that has nothing to do with crypto.

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.

[Luqman]

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.

[lienfaye]

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.