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Author Topic: How to overcome the fear of holding?  (Read 4152 times)
logicgate
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December 31, 2017, 07:07:18 PM
 #301

My experience thought me that holding a good coin for a certain time pays off like what happened to ethereum, litecoin & ripple. So instead of fearing for your loss, just believe in your chosen coin and you'll see how will it make you happy in the future. The more you risk, the greater chance of gaining more.

Yes, indeed. It is very important to have faith on the thing you've had invested. Additionally, loss won't kill you,  it was just money and you should think that even if you lose you can still earn those amount of money if you want. If you won't risk anything, there's nothing you could gain.
To overcome the fear of holding, one must overcome the fear of loss. What I am trying to say is that people are afraid of losing money and that is totally understandable because no one wants to become a poor but if someone examines his decisions and actions thoroughly and analyses the possibility of having a loss, he can get rid of this fear. For instance, a bitcoin holder must understand bitcoin well and the future of it.

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December 31, 2017, 07:36:04 PM
 #302

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?

Honestly, it comes to a point when you've been holding for so long that you no longer care about your coins anymore. It's like you know that they exist and you do care about them but not enough to lose sleep over the fact that the market has spiked either downward or upward. You only care enough to not forget about those coins.

The thing about trading is that if you actually have made some profit even if it's just a little percentage. It's already enough. You will constantly be anxious if you're going to remind yourself that you just let go of a good coin in the past and you could have made a lot of money from it if you didn't sell it before.

This will always be the case. You will always have a coin that you could've sold at a better price but I think it's all part of the game. You have to learn how to forget about these coins. Focus on the new opportunities that you're having and not the ones that you have lost.

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January 02, 2018, 05:30:40 AM
 #303

Holding bitcoin is one of the dangerous decision we been made because it is like gambling, we need to trust to the coins we been choose to invest. I guess we will overcome our fear in trading if they invest and set period of time before they withdraw.

For example invest BTC1 for 5 years, let bitcoin fluctuates bitcoin in our account without knowing. Because if they visit it daily or weekly they will notice that it will going down and growing up. So tendency they were panic.

But if they hold it we were notice that on 5years bitcoin will earn much income, due to accumulate increasing of this coin in crypto currency industry.
Even in justva year you'll definitely see how you'll earn on it, having btc now or much better even before can definitely make a great impact on the profit you can gain as time passed by.
You should do home work before taking any decision regarding your investment as you have to study the behavior of the market in respect to a particular coin and on conclusion you decide to invest for longer time as for one year, so during this period there is no need to check the market every time and just do your routine work so you will not be in a panic in case of any down trend in the market and you can overcome your fear of loss in your investment.

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January 02, 2018, 08:59:07 AM
 #304

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 was the same a year ago, and you know what? Only experience can teach you to overcome the fear of holding, and mostly regrets. Due to the regrets I had back then because I wasn't too patient to hold, I actually lost a lot. This is why when I had enough, I became really patient and waited for the right moment. Now, it is easy to be successful in a trade.


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January 02, 2018, 09:12:36 AM
 #305

Simply stop checking the value of your coins 100 times a day, get busy with other income generating activities and ignore the gazillion of cryptocurrency so called 'analysts' available online that keep making wrong predictions on the future price of cryptocurrencies. If you manage to do this for a week, make it 2 weeks, a month and so on.
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January 02, 2018, 11:29:07 AM
 #306

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 think one must set in mind a standard or a go signal that will tell him or her to trade. The problem is we often think that we failed because we only traded it for a low income. The moment that you surpass the capital, you've already succeeded.


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January 02, 2018, 12:34:55 PM
 #307

In order to overcome the fear of holding then you just need to have a long term mindset and you should not just always think for a small profit and you should look to the coin if it has a good potential for long term and if the team are working hard and if the community is still active so you will not have any problem with the coin for holding.



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January 02, 2018, 12:57:07 PM
 #308

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?

This is the most problem that holders have when they hold any altcoin.
Its difficult to overcome the fear but i will set the certain profit and see it only 1x per day.
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January 02, 2018, 01:57:14 PM
 #309

I loss a multiple times from bad trades, I got scammed. I was dumped in a pumped and dump group. I invested in a closing exchange site. And its make me paranoid of holding. This is my main problem a few months ago.

For the mean time I trade only with the top 20coins in Coinmarketcap. I will never trade with low volume coins again.


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January 02, 2018, 02:06:54 PM
 #310

use some lock app to lock your wallet password till 1-3 month. then you cant do anything even you want sell your coin. that is a good way to over fear

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January 02, 2018, 07:22:13 PM
 #311

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 was the same a year ago, and you know what? Only experience can teach you to overcome the fear of holding, and mostly regrets. Due to the regrets I had back then because I wasn't too patient to hold, I actually lost a lot. This is why when I had enough, I became really patient and waited for the right moment. Now, it is easy to be successful in a trade.
Well said mate because practical wisdom gained from ones observation is the way to overcome the fear of holding and the best I learnt so far through crypto currency are too greedy and stay down whenever the market is red.

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January 02, 2018, 07:44:09 PM
 #312

If you have decided to hold for a coin lets say until it gets 10x you better take it off from exchange and forget about it. But if your aim is 10-20% profit and suddenly it becomes more than I guess you should not regret as you have taken your desired amount.
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January 02, 2018, 08:26:40 PM
 #313

I think the best aspect to overcome the fear of holding is study the past chart history and historic data of coin you want to invested in before heap into it because studying the past history of coin will make understand the price movement and will also give you more confidence.

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January 02, 2018, 08:32:41 PM
 #314

If you invest and beleive in project - HODL until the project goes live.
If you trade - just don't calculate your lost opportunities. There are always unexpected things on the market.
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January 02, 2018, 08:33:17 PM
 #315

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 was very much the same.like you but as I have been a bit in trading what I have realized is that trading is just a game to take the money from the hands of people who are less patient to the hands of people who are more. Everyone has some FUD once a coin begins to fall. But converting your every FUD into a sell order is where we go wrong. First of all always trade with a plan. And if you trade with a plan then stick to it. Don't relentlessly throw a sell order until you see your plan's basic ideas shattering away. Otherwise don't deviate with it. This is the basic theory.

  

 
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January 02, 2018, 08:34:50 PM
 #316

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.

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January 02, 2018, 09:05:42 PM
 #317

There are types of fear sometime we have fear of failure,fear of change and fear of uncertainty actually its a game of our mind thoughts which we think but have no place in real life,We can overcome the fear being optimist and do positive and we fall we should find the ways how to stand with courage.If you love your passion you will will and fear will not overcome.You just hold with patience and don't be panic if prices go down make relax your self just wait for a moment where you meet the maximization.


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January 02, 2018, 09:21:38 PM
 #318

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 was very much the same.like you but as I have been a bit in trading what I have realized is that trading is just a game to take the money from the hands of people who are less patient to the hands of people who are more. Everyone has some FUD once a coin begins to fall. But converting your every FUD into a sell order is where we go wrong. First of all always trade with a plan. And if you trade with a plan then stick to it. Don't relentlessly throw a sell order until you see your plan's basic ideas shattering away. Otherwise don't deviate with it. This is the basic theory.
This would be just only on case to case basis only depending on what coin we do hold up but on most experiences most of the time we do missed up for more profits because we are impatient or just contented on that recent profits which isnt bad as long we are gaining then it should be fine but later on we do regret when we do see that price had risen even up more which on next time we would eventually learn up from our past mistakes that we have done.

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January 02, 2018, 10:44:15 PM
 #319

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 was very much the same.like you but as I have been a bit in trading what I have realized is that trading is just a game to take the money from the hands of people who are less patient to the hands of people who are more. Everyone has some FUD once a coin begins to fall. But converting your every FUD into a sell order is where we go wrong. First of all always trade with a plan. And if you trade with a plan then stick to it. Don't relentlessly throw a sell order until you see your plan's basic ideas shattering away. Otherwise don't deviate with it. This is the basic theory.
This would be just only on case to case basis only depending on what coin we do hold up but on most experiences most of the time we do missed up for more profits because we are impatient or just contented on that recent profits which isnt bad as long we are gaining then it should be fine but later on we do regret when we do see that price had risen even up more which on next time we would eventually learn up from our past mistakes that we have done.
Fear cant really be avoided since we are just humans and in cases we do see that we are already on profits its normal for us to be afraid off when we decide to wait even more and thinking that price might go down again and those profits will be taken back to you or going break even and this is why we do decide directly to sell when we see profits and as you said we do later on regret when we saw price soar up high.



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Rainbot
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January 02, 2018, 10:44:54 PM
 #320

To overcome you fear of loosing money, stop looking every hour on your portfolio because it will not change right away. Don't expect to earn higher profit in just single day, if you are really holding it, bigger profit takes time. So don't be scared to hold specially if its worth holding for.

In my own opinion its really a normal feeling to be afraid or panic at some point because its your money you are risking. I do agree with you to prevent from feeling anxious don't look at your portfolio always. Just relax and think positive. Cryptocurrency volatility is pretty normal and keep in mind to keep holding because eventually its going to be worth it in a long run.
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