How to overcome the fear of holding?

[jak3]

Welding your money is just like investing you will feel a little risk but there is 80% chance that the money will grow because by holding the money you increase the reality of that coin or in other words that coin is not available in large quantity inside the market because you hold some portion of it. That increase some amount of price(now imagine that same thing happens when many people hold money together). Let's suppose if you hold your money and somehow you hit on market crash so you just need to hold some more so that market can recover and you will still have your profit.

[el kaka22]

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.

Holding sure have two different aspects to it. While some do the HODL thing, some do the long term holding for profit trading. In the case of the OP, I am sure it is the latter. One thing is that you can never be sure where to sell, but as long as you are making profit, then you do not have to be too greedy.

Unless you are monitoring the charts to be sure it is the best time to drop, then setting a sell order and looking away is the best even if the value goes further because one point in time, it will still come down lower for you to buy for more profit.

[evilgreed]

Welding your money is just like investing you will feel a little risk but there is 80% chance that the money will grow because by holding the money you increase the reality of that coin or in other words that coin is not available in large quantity inside the market because you hold some portion of it. That increase some amount of price(now imagine that same thing happens when many people hold money together). Let's suppose if you hold your money and somehow you hit on market crash so you just need to hold some more so that market can recover and you will still have your profit.

                    The goal in trading is to gain profits, instead of losing, we cannot blame to be worried to our holdings, aside from its valuable, we have risked big amounts of money to that investment. Well then, if you do like to hold for long term, you should expect that their are market crashes most of the time, but it will still recover from that, and if you feel like you are already contented to your profits you can sell it actually, nobody's holding you back, it is just your own emotions that are bothering you.

[Soots]

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.

[Casdinyard]

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 would suggest that you just set your sell order with 1.5%  multiply it from the amount of how much you bought that coin. Then use blockfolio and set the alarm and wait for it to be sold.
That's it. In that way we can avoid looking time to time our coin of how is it doing and avoid selling too early and too late. Yeah trading is meant to get profit not to lose money so we should be cautious in our moves.

[Sithara007]

There is no easy way. I am telling this out of my own experience. It is easy to hold on for 6 months or even 1 year. But what you will do, when the prices are constantly going down for more than three years? This is what happened to me. The BTC exchange rates were constantly going down from 2014 to 2016. Finally I gave up and sold a part of my coins in 2016.

[Marrionbitcoin]

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?

One way to avoid this problem is hold half of your Bitcoins and altcoins long term and don’t sell them at all for 5 years. Then use the other half for trading.

One thing I have done when trading is when you sell, don’t sell all at once. Place a sell order for part of your investment and then wait to see what happens before you make a decision on the rest. I do the same for buying. I buy with part of my fiat, then wait to see if the price drops before buying more. This way you leave yourself some leverage to react to the next market move.

In my opinion, I agree to what you have said and I already experienced withdrawing BTC to avoid incur more losses. For you to be able to overcome fear of holding Bitcoin is that you try to think that your investment is good for long long term. Your money will grow bigger if you hold it for a long period of time. Currently, Bitcoin price now is too high so if you placed you money early this year and hold it, I'm sure that you really enjoying gaining much money now. But it is never too late to invest so don't lose hope.

[pikebu]

Well.... The feeling fear of holding the digital coins because we don't research about the digital coins before invested into them, we don't learning anything about the them, i suggest to learning about the digital coins analysis fundamental of digital coins before hold for long term investment, always use iddle money for holding the digital coins and never use loan money or the money will used, so although the price goes down we will be relax because we are holding for long term investment, and our feels will be netral in fluctuating the price.

[vv181]

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 answer is simply your technical analysis is terrible, so you didn't have confidence in it. Setting a stop-loss is a great way to minimize losses, and if didn't set a stop loss and the price come down too deep you better hold it tight or cut your loss. Lack of familiarity and understanding of the coin that you trade could be a possibility why you to dint have the confidence to hold.

[Siopao]

Holding comes with trust and patience. Trusting that for the long time that you've been holding your btc you can make the biggest money possible out of it. Working in cryptocurrency comes with risk so maybe just work with an amount you can bear to lose (if ever trading doesnt work out with you). And of course you have to underastand how the crypto trading works, its always good if you are knowledgable with the field thatvyou are ngaging yourself with.

[katiecbell]

Don't panic and don't get fear to holding a bitcoin or any altcoins.. You just check the rate every day when a value is getting high just trade it.. another way is just you hold that in more 5 Or 6  years and trade it..

Everyone has his own of pursuing the things but I have a different point of view. If you are planning for long term investment, then there is no point of looking for the market price and that too on daily basis. This will only result in more chaos in case the market prices are falling down. You need to be strong enough in order to remain patient no matter what the conditions are.

[romecheo]

We cannot escape the feeling of being fear, mostly on trading.

To battle our fear, we should know what are the source of that intense emotion?

If we could set our goal on HODLing and educate our self about the crypto currencies which we choose.

If we knew what we are doing and believe it could happen according to our plan, then fear are no longer have a place in our mind.
 

[Adioliver]

Now this issue is something personal and something which cannot be solved by a second person.Its all about guts.You have got to be more confident, believe yourself, accept who you are.If you want to make profit by holding bitcoins or altcoins you must be willing to take the risk.Because you must go through pain for gain.
I hope that you find that hidden confidence of yours soon.
Goodluck

[Layonk]

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?

Hold hold hold mean also have risk. If current price already make you profit why you still hold??
I think the way to overcome our fear is by disciplin following your own strategy.

[Rahar02]

Always divide your trade portfolio, for some famous and more valuable coins such as bitcoin or ethereum, on the other side, some altcoins which worth less than $100 and fluctuate a lot. There's no any reason to fear of missing out, as bitcoin and ethereim will always grow over time, so you can't lose in this case, especially if you want bigger profit. But, the point to be a trader; as long as you can make a profit, such as 3%, 5%, or 10% it's a good achievement.

[LRPchange]

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?

Buy, set exit price and turn away / off ur computer. Be disciplined.

[Johnzky]

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?

before going to investments better set your mind first that you should have trust on your coin,and make a pattern of what value your coin need to satisfy your goal.and never panic when your coin drops because for sure it will recover soon

[rysea2]

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 the best way to resist selling is to forget about it, try not to reopen what you've saved and leave behind, and then look back on it after a long time.

[Aikidoka]

Holding and holding is like getting greedy over earning much more money when you can just let go of your greed and sell. And with that money, you will start over. Bit by bit until you have a good suitable profit. Having your greed take over you will result in your downfall.

Just relax and take it easy and you no longer will feel the fear of holding, not to mention that it teaches you how to deal with things without taking the risks.

[Rostchild]

Not easy to hodl coin forver,
It is easier when dropping,
But it is not easy while jumping,
We want profiy and we may miss bigger one