Fantastic33
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Activity: 308
Merit: 12
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December 25, 2017, 11:27:03 PM |
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Calm down, do not panic. Hold your bitcoin just like you are saving money for your future. On that way you wont be able to sell and use it at an early time. Its right to check its price from time to time to see if it is rising or not, but the bad thing about it is when the price drops, you got panic instantly and sell it so you wont lose anything, but thats not right. I think you should check the price just once a week or once/twice a month, then thats it. Also, do not read bad news regarding crypto because you will only feel emotional about it and end up selling everything. Be patient.. Focus on the future.. Do not fear.
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BLAST2MARS
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December 26, 2017, 02:13:06 AM |
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I think it can be overcome by strong faith on your coins or experience. If you really believe in the coins that you hold then you will not sell it or if you've been through its ups and downs then you can assess that it's a strong coin because it still manage to grow.
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naidray
Legendary
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Activity: 1232
Merit: 1029
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December 26, 2017, 10:16:59 AM |
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To overcome the fear of holding a coins just always see the update or news about a your holding coins and share to your other friend what is the benefit to hold like your coins.
Even if you are following the update on the news, the only update that would make sense is going to be a positive one and unless you hear an update that the devs are done with the project or they are abandoning it, then you really do not have to fear. Coins can come down for so many reasons; delisting on an exchange, the market going crazy etc., but you should know that whatever comes down, will still go back up at some point. It is a crazy world, it is a new world and there is nothing anyone can do about it as the volatility will continue like this until we tend to have a sane stage that bitcoin will get to without the mass rush. That time will come and that is the reason anyone should not bother about now. The same thing that those who invested back then saw in bitcoin that made them to hold on till now is the same thing that everyone should see now.
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rejin29x
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December 26, 2017, 10:18:50 AM |
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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,
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DrakeDG
Jr. Member
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Activity: 89
Merit: 1
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December 26, 2017, 10:21:09 AM |
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You should be positive rather being negative. Even in dumps there should be a positive attitude. Its in our attitude, to control or not to feel fear when holding our bitcoins.
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batang_bitcoin
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December 26, 2017, 10:22:58 AM |
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That's what you need to do and to think of, it's all about the money that will possible come into you when you just hold for the longest time that you can ever be. Don't also listen to different FUDs that are being posted everywhere especially in social medias like twitter posts. There are so called crypto experts that are giving technical analysis that bitcoin will fall because of it's problem but don't ever listen to them, focus with your plan.
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Crislyn4116
Member
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Activity: 336
Merit: 10
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December 26, 2017, 11:27:08 AM |
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Just relax your self and give faith to your coin the you buy and always look for update of the coin
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Borisb52
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December 26, 2017, 11:42:34 AM |
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This is called the syndrome of lost profit. But as they say "it is better to earn less than lose". Therefore, in my opinion, you are doing the right thing. If there is accurate information that the coin will grow many times, then you can hold the coin, but unfortunately this information is difficult to obtain.
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grandbrad02
Newbie
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Activity: 52
Merit: 0
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December 26, 2017, 04:00:44 PM |
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I think you have to overcome the fear of holding by been through it. Just being with your fear sometime and it will be gone in the next situation.
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krayzie32
Sr. Member
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Activity: 479
Merit: 250
https://streamies.io/
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December 26, 2017, 04:19:16 PM |
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I think that if you have enough knowledge and technical skills, you wont srace anything. So, the best way to joining into the market is that you must learn. Learn anything you think that it is valuable for trading and investing
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lelahkenabanned
Member
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Activity: 329
Merit: 10
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December 26, 2017, 04:22:53 PM |
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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 become a traders who play hold because if we cutt lose or sell cheap coin that I have then we will lose, more profitable if I play long-term resistant coin which is owned to berthaun-year yes it takes a long time but this is the way of trading the safest.
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albio87
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December 26, 2017, 06:05:46 PM |
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it's easier than it looks! If you advoid to fomo buy and intead you study the market before, you should spot the "bottom area", if you buy there, you can sleep with no worries, it could go only one way, UP
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feelideb
Full Member
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Activity: 770
Merit: 101
fLibero.financial
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December 26, 2017, 06:33:32 PM |
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How to overcome fear of holding. Very simple. Stop trading and start developing skill that will take your mind off trading. Developing right set of skill in cryptocurrency will keep your interest up and you could even buy more while you hold.
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supine
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December 26, 2017, 06:58:06 PM |
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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 don't know everything about trading and I had my share of huge losses before. However, I think there isn't a hint of mystery how others can hold for eternity (just kidding). I think it goes down to the basic rule of only invest/trade what you can afford to lose. Long term holders accept the fact that holding is a long term investment. Their budget will not be in anyway affected if some of their coins lose value, thus they just let it sleep until the desired value has been reached.
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Drnice
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December 26, 2017, 07:34:42 PM |
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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?
Every trader has their own way of dealing with their profits and loss. For me, I only cashout when I need the money in fiat, apart from that, I don't cashout. And I don't do panic cashout.
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coinsontheroad
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December 26, 2017, 07:52:22 PM |
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Once I buy to hold, I put it in cold storage and forget it exists. And that's that. I know it's there if there is a need for fiat, but other than that, it doesn't exist
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shinchan123
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December 26, 2017, 09:35:57 PM |
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With the price of bitcoin gradually depreciating nowadays, people, mostly beginners, are tempted to sell. I think these people are just too worried about losing their profit, hence losing faith in bitcoin. The best way to overcome the fear of holding it to separate your money from bitcoin. Do not put all your savings into bitcoin and depend on it. The trick is to invest partially, just enough and make sure it would not have any effect on your lifestyle, despite having a huge loss.
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God Fist
Member
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Activity: 126
Merit: 25
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December 26, 2017, 10:33:21 PM |
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The fear of holding has certainly visited anyone who practiced trading even for a short time , so you should identify your self and set on point your trading strategy by choosing whether you'll always want to hold or you'll always want a short term investment where you sell all your coins shortly after getting them and that will depend on what coins you'll be thinking to invest in because by just going through the forum you'll know which coins to hold and which to get rid of asap . After identifying the behavior that you are willing to adopt , the fear of holding won't be a real problem since you already made peace with that by choosing a strategy .
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layoutph
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December 26, 2017, 11:59:19 PM |
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Trading in a perfect alt season is the right time to trade without any fear of losing too much. March to June is the month to celebrate. 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?
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michellee
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December 27, 2017, 03:15:13 AM |
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I think the best thing that we can do to prevent our fear in trading is close the browser after we buy and don't turn on our computer for a few days or weeks and we should do another thing to not focus or remember on what coin we bought. then after a few days, we can come back and turn on our computer to see is there any good news from our coin or not and if it is no good news, then we need to turn off again our computer and come back in other days. at least this is work for me when I am afraid of what will happen with one or more coin I bought because I cannot collect much info about the coin.
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