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Author Topic: How to overcome the fear of holding?  (Read 4344 times)
LuanX3
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December 06, 2017, 08:22:54 AM
 #161

I've always been one who sells to earlier, either to minimize my losses or to realize my earnings ASAP and leave. I've seen in most of my investments, if not all that if I would've just left the coins there they would've been worth 10-50x what I put in before. This is upsetting as a person and trader, as I see how much money I'm missing out on.

How do you traders do it, hold and hold and hold. Waiting around for more and more money?

The key there is to set some standards for you to consider whether to trade it or not. Now, if the it doesn't meet the highest value which is your standard then just focus on the other coins that you are trading. Leave it for a while, but at the same time don't forget to monitor if it's value becomes higher. In my case, it took me 6 months for me to be able to meet my own standards and trade my coin.
As you said we need to set a goal price of our coins we have to only sell our bitcoin if it reaches that value so it will give the thought of holding while there is a price fall.But you need to understand that if you are holding a popular coin like bitcoin or ethereum you just have to hold it for some years simply because the chance of price crashing with these coins are minimal so next time buy bitcoin and keep it for an year atleast to gain good profits.


Setting a goal is ok, but how do you know that you have set a good and attainable goal? What if you set a goal, like McAfee, at the price of $1,000,000 before you sell your bitcoins? That is indeed a goal but is it attainable? I doubt it though that it would be in the near future, but it may be possible. But what if you are investing to profit for your daily needs? Then you are likely to withdraw some part of it to sustain yourself, that affects a lot of things in trading.
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December 06, 2017, 09:10:55 AM
 #162

I've always been one who sells to earlier, either to minimize my losses or to realize my earnings ASAP and leave. I've seen in most of my investments, if not all that if I would've just left the coins there they would've been worth 10-50x what I put in before. This is upsetting as a person and trader, as I see how much money I'm missing out on.

How do you traders do it, hold and hold and hold. Waiting around for more and more money?

The key there is to set some standards for you to consider whether to trade it or not. Now, if the it doesn't meet the highest value which is your standard then just focus on the other coins that you are trading. Leave it for a while, but at the same time don't forget to monitor if it's value becomes higher. In my case, it took me 6 months for me to be able to meet my own standards and trade my coin.
As you said we need to set a goal price of our coins we have to only sell our bitcoin if it reaches that value so it will give the thought of holding while there is a price fall.But you need to understand that if you are holding a popular coin like bitcoin or ethereum you just have to hold it for some years simply because the chance of price crashing with these coins are minimal so next time buy bitcoin and keep it for an year atleast to gain good profits.

Fear of holding bitcoin has got high risk associated with it. This is all because of the price fluctuations happening with time, none knows what happens tomorrow. I believe this will continue to grow and the trust is the one that makes the users overcome the fear of holding bitcoin. More we trust more will be the profiting, because when we don't have fear we'll keep holding.
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December 06, 2017, 09:34:26 AM
 #163

just try to be paitent , make urself to not look at the chats for a week , i am trying that too , it is very hard sometimes but we shall get the prize of paitence hopefully! Cool

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December 06, 2017, 09:55:52 AM
 #164

Overcoming the fear of holding depends on your investment strategy you adopts. There are some factor say the tech whether it’s is legit or a copy paste as trends now a days,developers their profile and background , community backing the project  ,relevance of the project with the trends in the markets. If you can do your own research on this and believe the project can suatain their growth. That all you need to hold your coin. It’s easier said than done though.
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December 06, 2017, 10:06:27 AM
 #165

For me, one of the key to overcome the fear is by enhancing your self confidence. Beacuse, only yourself is your enemy in terms of fear. By having a self-confidence, you can overcome your fear of holding because you are the one who will decide if you will trade it now or later. Another is accepting the fact, because if you trade it lower than it gets higher in the future, you will only need to accept the fact that you didnt take that opportunity.
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December 06, 2017, 10:08:50 AM
 #166

I've always been one who sells to earlier, either to minimize my losses or to realize my earnings ASAP and leave. I've seen in most of my investments, if not all that if I would've just left the coins there they would've been worth 10-50x what I put in before. This is upsetting as a person and trader, as I see how much money I'm missing out on.

How do you traders do it, hold and hold and hold. Waiting around for more and more money?

That the risk you should take if you choose investing/ trading and everyone must ready. Hold ( patience ) is unique and also part of trade/ invest, so please fix your mindset about it before getting " panic ". There's 2 ways to not hold to long, change your time become short when create open position ( OP ) and take profit ( TP ) position ( short term trader ). Last one, leave the trade/ invest world. Just like that and good luck to you.
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December 06, 2017, 10:40:34 AM
 #167

As you said we need to set a goal price of our coins we have to only sell our bitcoin if it reaches that value so it will give the thought of holding while there is a price fall.But you need to understand that if you are holding a popular coin like bitcoin or ethereum you just have to hold it for some years simply because the chance of price crashing with these coins are minimal so next time buy bitcoin and keep it for an year atleast to gain good profits.


As we know all include in crypto investment is risky.
But if we choose good and popular coin like you mention above is minimum risk.
We can not delete the risk but we can just reduce it.
Set a goal is good option to make us not sell it earlier. And also dont stay too long in front of computer also good.

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December 06, 2017, 10:53:04 AM
 #168

just try to be paitent , make urself to not look at the chats for a week , i am trying that too , it is very hard sometimes but we shall get the prize of paitence hopefully! Cool
It should be at least a month looking at the prices every week might encourage you to sell your coins if the numbers goes down. The longest time that i've hold was half a year to do that i've had to put my attention away from bitcoin and focus on other things.  

When the price dips down I always think about the long term potential so I don't have to worry much about the losses i'm getting right now

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December 06, 2017, 11:06:38 AM
 #169

Don't give a shit about it anymore , your fear will not come at you.
For me we can overcome the fear of holding by trusting the coins we are holding and by being positive to the coins we are holding,  because we all know that when we have a trust to our coins we will not ever have fear on holding it and we should always be positive, we should always think that the coins we are holding is we will rise at very high and we can make many money from it.

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December 06, 2017, 11:21:13 AM
 #170

I've always been one who sells to earlier, either to minimize my losses or to realize my earnings ASAP and leave. I've seen in most of my investments, if not all that if I would've just left the coins there they would've been worth 10-50x what I put in before. This is upsetting as a person and trader, as I see how much money I'm missing out on.

How do you traders do it, hold and hold and hold. Waiting around for more and more money?

try to be more patient. Obviously, you lost a lot of money due to the fact that you was very worried about any jump in the market. you should learn better the trading, and become wisely dispose of the investments Wink
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December 06, 2017, 11:23:53 AM
 #171

I've always been one who sells to earlier, either to minimize my losses or to realize my earnings ASAP and leave. I've seen in most of my investments, if not all that if I would've just left the coins there they would've been worth 10-50x what I put in before. This is upsetting as a person and trader, as I see how much money I'm missing out on.

How do you traders do it, hold and hold and hold. Waiting around for more and more money?
Hahaha i feel you cause thats the hard part to be a full fledge trader. Well at first dont trade or spent some amount or something that you cant afford to loose bro. Dont worry just get some insights to what is the current growing altcoins that is much cheaper but has a potential and more exposure in the internet another one to recruit some traders also to manipulate a bit some of the given value.
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December 06, 2017, 01:10:52 PM
 #172

holding is good especially if we are holding bitcoin but altcoin can be a good idea to hold if we can buy at lower price. but sometimes we are too greedy when we see the price is increase fast and we are not selling because we want bigger profit. if we do this, then i think our chance will loss so we can not sell to make profit. but if we don't want to be worried for holding altcoin then i can suggest to you to sell it right away if the price is increase so you can get your money back plus your profit.

The value of bitcoin and other cryto currencies are unpredictable, you should always monitor its value from time to time. Some of it may increase and some of them will decrease. Absolutely correct, sometimes our greediness may lead to the loss of our chances to have a good profit. We we're trying to wait its value getting high, if you feel its value is quite enough its time to sell it as soon as possible.
In order to overcome some of fears in holding be contented if you feel its a right time to sell to have a good profit. I believed that there is another chances to gain more profits from other crypto currencies which you try to hold.
There is nothing we can deny about that all of us actually have a fear of losing their money once they get into any kind of business. This fear can only be overcome if you can manage to take control over your nerves and that too at the hard times especially.

You need to make yourself understand this thing that there is nothing good than that of holding and if you will hold your bitcoins, you’ll be rich one day.
Exchanging is the second name of hazard and the individuals who are daring individual then it implies he has no dread of lose. So in the event that you need to conquer the dread of hold then you has to enhance your hazard taking quality and other proposal is that you have to gain from your slip-ups not losing your certainty.
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December 19, 2017, 07:12:50 AM
 #173

I've always been one who sells to earlier, either to minimize my losses or to realize my earnings ASAP and leave. I've seen in most of my investments, if not all that if I would've just left the coins there they would've been worth 10-50x what I put in before. This is upsetting as a person and trader, as I see how much money I'm missing out on.

How do you traders do it, hold and hold and hold. Waiting around for more and more money?

I've been there and it really makes me feel worst if I'm riding those hype makers and just suddenly sold the bitcoins that I hold out of the thinking that it won't go up again. I know it's really upsetting and makes you feel bad but charge to experience. How many times do you think you've done that? In my case, I did that for so many times and by mid year of this year when I saw potential growth of bitcoin, what I do now is I just keep on holding and holding.

It's not that hard, the moral aspect of the situation is important. Everything goes on in our brain. If we can control our brain, we can make ourselves be ready for holdin, selling, trading, mining. Anything you want. Saying this as a holder.

How can you control your brain? I've seen many people that are keep on saying that "control yourself" , "control your emotion" and now "control your brain". In reality, when you are in the situation of you are witnessing in front of your eyes that the coin you are holding is dumping, you can't the pressure. You will think about only your losses and will forget about the long term plans that you have set.
quite true mate its really hard to do dealing with your emotions, especially when you are witnessing the event, that's the reason we needed to have
enough knowledge with the current situations, so when the trend is falling and we are knowledgeable enough that it will just a temporary movement
then we can skip that first and leave it as we knew that it will bounce back and gains will be ours.

Dealing with emotion is the hardest battle that we can be with. If you know the sayings about the hardest enemy is ourselves. Overcoming the fear of holding is one of my weakness before and I can say even up until now. I used to be a weak hand but I'm doing my best just to keep on selling at the peak and gain some profits. But if you do really want to overcome holding one thing you can do is set an amount on what's your preferable gain price for bitcoin or altcoin you hold.
Trading is the second name of risk and if you are good player of risk taking then its means you are a good trader also because if you are taking risk then you are confident level be high and if you are confident on your work then you will never fear from loss and this will make you success.
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December 19, 2017, 07:14:30 AM
 #174

I've always been one who sells to earlier, either to minimize my losses or to realize my earnings ASAP and leave. I've seen in most of my investments, if not all that if I would've just left the coins there they would've been worth 10-50x what I put in before. This is upsetting as a person and trader, as I see how much money I'm missing out on.

How do you traders do it, hold and hold and hold. Waiting around for more and more money?

try to be more patient. Obviously, you lost a lot of money due to the fact that you was very worried about any jump in the market. you should learn better the trading, and become wisely dispose of the investments Wink
Your heart not gonna let you there patience with the fucking dump from sharks or whales. It's better is don't look at the news, don't search the price just let it there.
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December 19, 2017, 07:25:38 AM
 #175

First of all all potential altcoin and token will always rise as time passes.but sometimes trader think by gaining small profit they should sell now to gain profit from other coin ,it sometimes backfire as coin pump after few days after you sell it then you regret for selling.so it is up to trader to hold or gain short term profit.


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December 21, 2017, 11:12:12 AM
 #176

I've always been one who sells to earlier, either to minimize my losses or to realize my earnings ASAP and leave. I've seen in most of my investments, if not all that if I would've just left the coins there they would've been worth 10-50x what I put in before. This is upsetting as a person and trader, as I see how much money I'm missing out on.

How do you traders do it, hold and hold and hold. Waiting around for more and more money?

You just decide if what are the coins you intend to hold for the long term and for the short term. If you intend to hold the coin for the long term then don't waver even if the price goes down because it will just go back up or you can buy more of it to average down. If you bought a coin to profit for the short term then you can just set a target price to sell or stop loss price if it goes against your trade and if you feel that it has more room for the price to increase then set a trailing stop loss to lock in your profit. Just follow your strategy and stick to it and then adjust if its not effective anymore. You cannot always buy at the bottom and sell at the top.
If you want to become a success trader then you need to be a quality of good risk taker because trading is the other name of risk and in trading when you can take risk then you can become more confident about your work and when you are confident then you will have no fear.
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December 21, 2017, 12:47:02 PM
 #177

Do not check prices every hour haha. If you invest in a project long term it means that you have researched it and came to a conclusion that it will pay off. Dont invest more than you can afford to lose. Diversify portfolio to long term and short term coins.
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December 21, 2017, 01:32:08 PM
 #178

I think one way to overcome the fear of holding is to not look at your holdings all the time and just set yourself a limit on when you check your holdings within a week or within the day. And remember always that it is all in your mind, you can control yourself but you just have to set yourself also some limitation.

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  O HOLD YOUR
OWN KEYS!
  O   O [SUCCESS   
RAISE
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budz0425
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The OEL Blockchain Ecosystem for Supply Chains


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December 21, 2017, 02:50:18 PM
 #179

I think one way to overcome the fear of holding is to not look at your holdings all the time and just set yourself a limit on when you check your holdings within a week or within the day. And remember always that it is all in your mind, you can control yourself but you just have to set yourself also some limitation.
Just let it there, don't always  look at the price of the value of your earning and always computing how much profit you have earned, because when you do you will have a panic selling whenever you see that your should be profit is decreasing, as per me I just let it in my wallet and just visiting it once a day but not from time to time.

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December 21, 2017, 03:02:58 PM
 #180

I think one way to overcome the fear of holding is to not look at your holdings all the time and just set yourself a limit on when you check your holdings within a week or within the day. And remember always that it is all in your mind, you can control yourself but you just have to set yourself also some limitation.
Yeaaa that's really true , when you look at your investment and it get dropped.
You will have a desire to sell it immediately because of the panic attack , don't do that i suggest about that too.
Just set a goal and stick on it , believe me holding with full of patience won't let you down.
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