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cheezcarls
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January 30, 2018, 10:38:42 AM |
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I overcome my fear of #HODLing by just diversifying my digital assets. I'm not the guy who is just sticking to one, two or a few different kinds of altcoins that I have. When it comes crashing down, I just forget about it. I'm not even looking at my Blockfolio.
Since I am in good hands with the ongoing project that pays me Paypal money, I do not need to worry about my holdings because I know it will grow in the long-term.
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Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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KnightElite
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January 30, 2018, 10:59:03 AM |
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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?
Always think positive, you will not become successful person if you will always thinking negative. Many investors are not becoming rich because they are afraid to invest their money. I think we should overcome our fear for us to achieve our dreams and goals. |
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cryptocurrencyguru
Member
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Activity: 280
Merit: 11
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January 30, 2018, 11:03:19 AM |
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Invest in some money that you won't be sad if you lose. That way, holding the coin you had invested may cause less fear.
Right! but without risk, we can't make money, so it is always good to start with a little amount of money and hold the coin until the price of coin increases a lot. People should also understand holding will always give little profit to investors. |
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AliCris
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January 31, 2018, 04:01:31 AM |
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I usually do very simple. Buy a coin. Add the page to my bookmarks in order and forget about it for a few months. Then I go and see what happens. If there are major changes, then continue to hold on.
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chipzeru
Member
Offline
Activity: 686
Merit: 39
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January 31, 2018, 05:53:51 AM |
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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?
To minimize my losses and overcome my fear, i split my capital into several phase and buy different altcoins that i considered as promising altcoins to diversify my investment to minimize the risk. I believe if the altcoin has a good development project, the price will rise again in the future so i don't need to fear a lot. |
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SportsbookBettor
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January 31, 2018, 06:04:47 AM |
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I usually do very simple. Buy a coin. Add the page to my bookmarks in order and forget about it for a few months. Then I go and see what happens. If there are major changes, then continue to hold on.
I'm doing that too. If i don't want to worry with my investment i just forget it then i will comeback in a few months because if i always look into my investment and i saw it falling. I will just stress myself and think that i never invested in the first place. |
aaaamm
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w33man
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January 31, 2018, 07:08:35 AM |
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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?
To overcome the thought of holding, one must learn how to move on and have different means of earning. The only problem with holding is when you only have and hold one type of coin, that means that you do not have other means of earning. That's why it is best to own other types of coin, so that you have other sources. |
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Coin12
Full Member
Offline
Activity: 238
Merit: 102
1st of May
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January 31, 2018, 08:30:55 AM |
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Being a trader is hard to explain the feeling we encounter everytime its price value of coins that we hold on is going down.Sometimes you always have a fear in a coin you are holding of the price would go down immediately.We need to overcome our fear when holding a coin to avoid panic when its crashed.
In the op, he also know we need to avoid fear, but the next question is how? You dont give any suggestion. All traders feel this character when they see their asset going down include me and i realize that its very difficult to aboid our fear. In my opinion, i always invest with the money that i think it already loss. Maybe it can help us a little bit. |
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azguard
Legendary
Offline
Activity: 1484
Merit: 1001
Crypto-News.net: News from Crypto World
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January 31, 2018, 09:08:38 AM |
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Being a trader is hard to explain the feeling we encounter everytime its price value of coins that we hold on is going down.Sometimes you always have a fear in a coin you are holding of the price would go down immediately.We need to overcome our fear when holding a coin to avoid panic when its crashed.
In the op, he also know we need to avoid fear, but the next question is how? You dont give any suggestion. All traders feel this character when they see their asset going down include me and i realize that its very difficult to aboid our fear. In my opinion, i always invest with the money that i think it already loss. Maybe it can help us a little bit. Self control. if you can contain temper for sell when you see some spikes in price and dont allow yourself to sell then you can say that you maybe control your fear and maintain hold of your coin. It hard to achieve this but eventually you will learn to do this. For every fear need time and confrontation on it. When this is done then comes the easy part. |
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Noctis Connor
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It makes you nervous seriously if it is you are first time to hold. Many things are going to your mind because you do not know what is the best time to let go of it. By that, you can earn and learn many things. You will have an experience so that you will be aware and careful next time. Hold your bitcoin as long as the price is very low, and make it if you know that you can have a profit if you will let go of it.
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Blue Bell
Member
Offline
Activity: 280
Merit: 10
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February 01, 2018, 04:10:55 AM |
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I overcome my fear of #HODLing by just diversifying my digital assets. I'm not the guy who is just sticking to one, two or a few different kinds of altcoins that I have. When it comes crashing down, I just forget about it. I'm not even looking at my Blockfolio.
Since I am in good hands with the ongoing project that pays me Paypal money, I do not need to worry about my holdings because I know it will grow in the long-term.
This is the most effective strategy for staying away from losses in the world of crypto currencies. When you are owner of variety of digital coins, this for sure that you are going to be in profit no matter whether the pump shown in the market is that of bitcoin or altcoins. Among altcoins, if you very good variety, I am sure that you have to face losses less. Well I would like to give you suggestion that don’t go for every other altcoin. |
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acener
Full Member
Offline
Activity: 1274
Merit: 115
★Bitvest.io★ Play Plinko or Invest!
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February 01, 2018, 08:30:45 AM |
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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 think the best way to overcome the fear of holding is to hold more coins. Eventually, when you keep on holding onto some coins, you'll get used to it and it will feel like a habit to hold coins. In addition, this is also good for the progress of earning and you would get closer to success. |
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Kim Ji Won
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February 01, 2018, 08:38:45 AM |
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The change should start with you. I mean, if you want to get the most out of your coins, then slowly start avoiding your about habits everytime you get new coins, like checking its price for almost 5 times a day, getting swayed easily by rumors and news about it. These things only stress you out making you sell at an early stage where the coin still does not reach its full potential because its platform is not yet released or so. One reason you chose that coin is that you believe in it that it will be successful so better make stand for it and for that thing to happen. It is hard to at the start, but it is a process for you to be a better holder.
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GeniusAko
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February 01, 2018, 08:40:09 AM |
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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?
Thinking positive is the best way to overcome the fear of holding. If you want to become successful someday, you need to overcome all of your fear. Holding cryptocurrencies is one of the best way to earn big amount of money. |
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richkellj
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February 03, 2018, 06:25:37 AM |
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I usually do very simple. Buy a coin. Add the page to my bookmarks in order and forget about it for a few months. Then I go and see what happens. If there are major changes, then continue to hold on.
Haha! This is a nice way to keep yourself away from negative thoughts and stressful events of the market because those how are looking at exchanges every other day are the ones who are suffering from panic selling and emotional disturbance because of unstable market of crypto kingdom. This strategy is best when your coins is really expensive like bitcoin or it is bitcoin because holding best works with it. |
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Questat
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February 06, 2018, 07:44:07 AM |
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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?
Thinking positive is the best way to overcome the fear of holding. If you want to become successful someday, you need to overcome all of your fear. Holding cryptocurrencies is one of the best way to earn big amount of money. You can think positively if you have enough information as you will still be confident despite the problem in the market like today. Investing is really a high risk activity that is why it's necessary that we continue to seek good information that could help us make a good decision. |
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angrynerd88
Sr. Member
Offline
Activity: 910
Merit: 253
Hodlers Network
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February 06, 2018, 10:22:43 AM |
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It is good to avoid updates and news which make you fearful just strong believe in yourself and patience,Keep eye on prices and find best moment.It will encourage you to keep move on and inner satisfaction.
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Wyne
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February 06, 2018, 11:58:57 AM |
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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?
Before, I always monitor the crypto price but I found out that it just makes me stress and tempted to withdraw my crypto when it deflates its value. Since I want to keep it for a long time, What I did is I avoid looking on the exchange and crypto price. Through that, my mind became at ease whether my bitcoin or altcoin increases or deflates its value. I planned to check my crypto at the end of the year and I hope it will worth the waiting and holding for a long period of time. |
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Siren
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February 06, 2018, 12:44:32 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?
simple put specific time for harvesting,never bother checking your coins before that day,and if you can manage just forget about your coin within the time frame.this is what the better thing so you can minimize your being panicked person. And another thing try to hold the top five coins so they will confidently remain safe in your wallets.holding shitcoins or daytrading coins will always alarmed you.but the highest coins will not.. |
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kamote291993
Member
Offline
Activity: 140
Merit: 16
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February 06, 2018, 01:37:40 PM |
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Your job has risks, and driving has risks. You reduce those risks by learning. If a particular stretch of roads attracts cops, you learn to watch your speed on that stretch. Likewise, you can reduce your investing risk significantly by understanding investing fundamentals. It's not cleaning tables, but it's not rocket science either. If millions can do it, you can too.
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