How to overcome the fear of holding?

[michellee]

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.

[deniskiely]

The easist way to overcome the fear of holding is buy a coin and do not check it's price till the moment you want to sell it.

[hasmukh_rawal]

We both are in the same boat since I do this too. Just when I buy some altcoin the price goes down in some days and then when I decide to sell it what I see after a few days is a huge spike in its price. So I have decided not to trade altcoins until I am sure of trading them. You could just simply hold and forget about them if you plan on to hold them for a long term but the short term and intraday trades would still be a tougher job.
Patience is the only key to a good trade.

[illyiller]

If you believe in certain coins, just simply HODL.
Allocate certains funds for regular trades.
Make profit.
Put some more for HODL.
Trade and repeat.

This is the way to do it. Early on in my crypto trading career, I allocated all of my funds to trading. It made me too emotional, as I was always in a "risk on" position. And in the end, I got bitten pretty hard by a couple exchange "hacks."

Building a portfolio and switching to the daily/weekly time frame for trading are the two most important things I can recommend. Once you do it for a while, the swings of trading will be better hedged by your portfolio (which you should rebalance depending on market conditions). And getting away from the charts is good for one's trading psychology.

[lady pink]

Fear of holding ? Did you know that any holder that purchased this year BTC have earned 1k% roi ?

That doesn't really address the OP's question. The risk profiles of buying at $8200 today vs. buying at $750 in January are very different. While I do think that BTC will climb higher as we head into the new year, I would be very nervous about long term investment at this level.

If I were buying in for the first time today, I'd probably be looking to sell on a 50-100% gain, then re-buy during the eventual crash. The parabola can't continue forever. It might feel like a "new paradigm" now, but there will be some brutal shakeouts along the way to million dollar bitcoins.

The risk today is lesser than earlier. There is a huge price difference in the current and of January but the users of bitcoin today are too bold to buy bitcoin than the earlier buyers and users. Bitcoin proved itself with time to time, I am pretty much confident to say that bitcoin will gain a tremendous price in the coming three years.

[Ziskinberg]

The easist way to overcome the fear of holding is buy a coin and do not check it's price till the moment you want to sell it.

Education is more important because when you are educated you will not gonna be afraid on investing because you know what you can afford to risk.
Bitcoin increase more than %600 this year and that will give a good return for people who are not afraid to hold bitcoin as long term investment, just trust yourself and believe on what you can do as you will never be successful if you love to play safe all the time.

[illyiller]

Fear of holding ? Did you know that any holder that purchased this year BTC have earned 1k% roi ?

That doesn't really address the OP's question. The risk profiles of buying at $8200 today vs. buying at $750 in January are very different. While I do think that BTC will climb higher as we head into the new year, I would be very nervous about long term investment at this level.

If I were buying in for the first time today, I'd probably be looking to sell on a 50-100% gain, then re-buy during the eventual crash. The parabola can't continue forever. It might feel like a "new paradigm" now, but there will be some brutal shakeouts along the way to million dollar bitcoins.

The risk today is lesser than earlier. There is a huge price difference in the current and of January but the users of bitcoin today are too bold to buy bitcoin than the earlier buyers and users. Bitcoin proved itself with time to time, I am pretty much confident to say that bitcoin will gain a tremendous price in the coming three years.

Well sure, in the coming three years. That's not the time frame I had in mind, hence the reference to "buying at $8200 today." I think the price will go a lot higher both in the mid term and long term. In three years, I could see BTC hitting $100k. But there could be extreme volatility between now and then, given how fast the price rose in such little time.

The price could drop in half from here over the next month, and it wouldn't surprise me. Let's just hope that we don't have to wait through another 2-year bear market again. Fingers crossed.

[Yaunfitda]

Fear of holding ? Did you know that any holder that purchased this year BTC have earned 1k% roi ?

That doesn't really address the OP's question. The risk profiles of buying at $8200 today vs. buying at $750 in January are very different. While I do think that BTC will climb higher as we head into the new year, I would be very nervous about long term investment at this level.

If I were buying in for the first time today, I'd probably be looking to sell on a 50-100% gain, then re-buy during the eventual crash. The parabola can't continue forever. It might feel like a "new paradigm" now, but there will be some brutal shakeouts along the way to million dollar bitcoins.

The risk today is lesser than earlier. There is a huge price difference in the current and of January but the users of bitcoin today are too bold to buy bitcoin than the earlier buyers and users. Bitcoin proved itself with time to time, I am pretty much confident to say that bitcoin will gain a tremendous price in the coming three years.

Well sure, in the coming three years. That's not the time frame I had in mind, hence the reference to "buying at $8200 today." I think the price will go a lot higher both in the mid term and long term. In three years, I could see BTC hitting $100k. But there could be extreme volatility between now and then, given how fast the price rose in such little time.

The price could drop in half from here over the next month, and it wouldn't surprise me. Let's just hope that we don't have to wait through another 2-year bear market again. Fingers crossed.

With the current number of investors and whales, I don't think that bitcoin could you on a 2 year bear market as before. The situation now is different, demand is high and bitcoin being offered in different industry like in realty sector.

I also don't agree with the "drop in half" statement, it could drop a little and the max drop I can think of is around 20% in my opinion. Too much at stake right now that investors would go buying in dips that a significant dent is highly unlikely. And the current increase after topping $8000 is kinda slow now, maybe its already saturated and a price correction is needed, but I doubt it will go down that hard.

[ZeXXX]

The easist way to overcome the fear of holding is buy a coin and do not check it's price till the moment you want to sell it.

but it will bring more panic and curious to check the price, it's not easy to wait when holding, moreover the coin that stuck on 0.0000001 btc and never rise again,

[MAJICOIN]

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.

You are right about fear of holding bitcoin but the important thing is the idea of growing and famous altcoins. Now in the crypto market people are earning good amount through the dealing of altcoins. The good option for us to minimize the risk of holding or simply we can say that the loss of currency value in the future we should invest in some altcoins as well the altcoins will compensate the loss if we received any loss from holding of bitcoins.

[lelou]

Buy your desired coin, have faith in it and never think of it again. Then comeback after a long long time.

[seasonw]

One word to overcome your fear: EXPERIENCE. Once you have encountered hundred or thousand times, you will overcome it, and this is important to go through, no shortcut.

[layoutph]

Old time crypto traders knows how to HODL. Theres an art of holding. They buy every dips and sell it while the pump is far away. You can also play the average down, how to do it? Just incase you fall into a wrong position and the coins dumps. You can simply buy at the dip. And sell it to compensate the loss money.

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?

[sutil]

First of all what is holding? Is it related to investing Bitcoin. As I understand, holding means keeping a thing whatever happens. I'm here to learn more about Bitcoin as the girl I want to become my girlfriend is a bitcoin investor.

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?

[Bolt Brownie]

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 can tell you what helped me, when I realized that the exact same situation was happening to me. I told myself that if I wanted to get real about this, and risk my money, then I would have to spend more time studying bitcoin. How it works, what it is good for, how it is being developed, etc, etc. The thing is, that we all read news from different sources, and we just don't know in what to believe. There is a lot of FUD in crypto, and we can only feel confidant in holding once we make our minds about the investment we are doing.

Once we achieve that, and learn to filter the information, we see the price dropping because Jamie Dimon said some stupid things, and we just don't care. Now we are seeing that JPMorgan will probably issue bitcoin futures as well and we think I was right to hold. Don't get me wrong, I could still be completely mistaken about bitcoin, but for better or for worse, I have an opinion on BTC, that is strong enough to filter some of the FUD in this market.

Once you are able to do that, you will trust yourself more, and be able to decide based on your knowledge if you should hold or not.

[daringdiscovered]

The easist way to overcome the fear of holding is buy a coin and do not check it's price till the moment you want to sell it.

but it will bring more panic and curious to check the price, it's not easy to wait when holding, moreover the coin that stuck on 0.0000001 btc and never rise again,

You don't need to hold your coin if you don't feel like to do so, if your instinct are telling you to sell it, then sell it. It is important also to know the ICO price of the coin that you are holding for you to know when to sell your coin, because mostly, if a certain coin is not reaching its ICO price, then holding your coin is safe, but if it already hits its ICO price, then it is going to take some time before it rise again.

[Qunenin]

The easist way to overcome the fear of holding is buy a coin and do not check it's price till the moment you want to sell it.

Yes, but how often can you follow this advice. I mean if you have coins with you , you will always be tempted to see what going on in the market? Whats the current value of the coins and other things like that. And if the price is very low you will be worried and a high price will give you greediness to sell the coins. Rather than stop watching the market, you should make your emotion strong and have control over your emotions.

[dieselmeister]

The best way to overcome the fear of hodling is the careful researching. If you are confident with your coin and your knowledge, you wont be nervous

[Hazaki]

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?

During my trading days, i was pretty much like you investing in whatsoever altcoin shortly after it's added to exchange , hold it for 2 weeks max and then sell it thinking that i got most of the profit i could have and got the hell out . Sometimes i even sell quicker fearing the sudden decrease especially if bitcoin's growing values are all green then i'd promptly now that my coin's will turn to red , just realizing short after that my thinking process was totally wrong and that i would have had lot more money if i kept holding just a bit longer .
Actually this even happened to me with bitcoin itself , the most successful of all cryptocurrencies ! I instantly panic sold the most of my coins when it started to drop until reaching 3k in this late summer only realizing a while after that i made one terrible mistake .
There's some coins that i don't intend giving up on them from now on and they are mainly bitcoin , followed by Ethereum and BCH because i'm pretty convinced that there'll be a day that only these 3 will remain on the surface .

[BingoDog]

Why having the fear of holding at first place? If you are investing right way then you have put into bitcoin the funds that you don't need for living and that you can afford some potential amount of loss. If you have enough knowledge about bitcoins you know that is volatile and that the price is changing both ways, up and down. If you have decided to hold then you shouldn't react implusive on every negative change on the market and make the panic sell.
Bitcoin is still best as long term investment, don't forget that.