RakknRoll
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Activity: 336
Merit: 10
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February 24, 2018, 04:52:46 AM |
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I think once you earned money in holding our investment you will overcome the fear that you have. It is normal since many people are starting to learn bitcoins and they should always take the risk to get money.
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Matrond
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Activity: 58
Merit: 1
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February 24, 2018, 04:54:33 AM |
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I overcome my fear of holding by ensuring that the coins that I purchase in the first place have very strong fundamentals (i.e solving a real problem, strong team, sound tokenomics etc). That way, even if the coin drops significantly due to significant price instability, I can be confident that it should increase in the long term as it generates more and more value which will convince more people to hold and use the token, which increases demand and the price.
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DirtyMiner
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Activity: 48
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February 24, 2018, 04:58:58 AM |
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Realize what you are holding and why, and don't always look back.
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rxthree
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February 24, 2018, 05:53:23 AM |
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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.
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Beparanf
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February 24, 2018, 06:34:50 AM |
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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.
Sad part is you hold it too long then when you released it a bit lof a year again it just went boom too high like what its ATH by 2017, I might regret it but it was indeed hard to forsee what will happen in our coins. We just need to keep updated always. |
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Nicoletan0831
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Activity: 29
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February 25, 2018, 05:19:13 AM |
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Simply forget about your coins. Stop to read any news related and stop to check the price daily or 2-3 times a day. You will have less stress and so less fear of your coins. Do it at least 1 month and you will see. 1 month is nothing in a life. After a month just do your usual stuff once a week, check the rate, read some news, ect, close everything and keep rolling the life.
Easy said than done especially if this is the only thing you do in life. I think the most practical way to minimize regret or fear on holdings are to maintain two accounts for cryptomarket; One for trading and also one for investing. Investing or long term accounts will be maintained by continuously adding value overtime. This will protect you from fluctuation because you are doing the cost averaging by acquiring additional funds during bear market. You will still maintain the trading account for you to reap the benefits of volatility, acquiring the coins at low price then sell at it high price. These two strategies I think will answer the OP's question. |
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lumeire
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Next-Gen Trade Racing Metaverse
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February 25, 2018, 05:23:35 AM |
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Just leave it be and do some other stuff, that's the way to just get on with it.
I've got daytime work and only checks on my portfolio every now and then.
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Nicol3
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February 25, 2018, 07:10:06 AM |
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I think the only way to overcome your fear of holding is if you don't check your portfolios every minute. That's what makes you cringe and makes you feel like you lose a lot of money already and would be better to just sell them to prevent more losses. Most of the people I know who have been hodling for 2 years now advised me to check your portfolio once in a while and not stare at them the whole day, and it did help because I was one of those person who keeps on checking if how much I have lost in a day.
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Zsywt1024
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Activity: 286
Merit: 8
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February 25, 2018, 07:19:38 AM |
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This is actually a problem: Your psychological price
So set goals, can be two stages , Reach one Sell part , like that
"Because your BTC purchase price is not 10 dollars"
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toxic0n
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Activity: 413
Merit: 10
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February 28, 2018, 04:51:48 AM |
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holding is great particularly in the event that we are holding bitcoin yet altcoin can be a smart thought to hold on the off chance that we can purchase at bring down cost. be that as it may, once in a while we are excessively covetous when we see the cost is increment quick and we are not offering since we need greater benefit. in the event that we do this, at that point I think our possibility will misfortune so we can not pitch to make benefit. yet, in the event that we would prefer not to be concerned for holding altcoin then I can recommend to you to offer it immediately if the cost is increment so you can recover your cash in addition to your benefit.
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lienfaye
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February 28, 2018, 06:05:59 AM |
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Realize what you are holding and why, and don't always look back.
This might be hard for others but effective to me as I dont frequently monitor the market. I think having a real job is an advantage because I temporarily forget my coins due to my busy schedule. Choosing the right coins to hodl is the first thing we should do, encourage yourself by thinking that you can make a huge gain if you hodl your coins for long term. Dont bother if the current price is in dips because you're not a short term trader. |
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michellee
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February 28, 2018, 08:57:16 AM |
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I think it is simple to solve the fear of holding and maybe you can follow my tips. I have much of coins in the exchanges and sometimes I can buy at the lower price, really cheap price. but I don't have much time to trade for days and sometimes I trade in once or third for a week and if I don't have time to trade, I only keep the coin in my wallet and I don't take a look at my wallet. I even close my browser and not open the market but I still browse another website and I distract my attention in the market and not thinking about my coins. it works for me and I think you can do this too if you have a fear of holding.
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Savemore
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February 28, 2018, 09:01:57 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?
You can overcome your fear of holding if you can trust yourself. It seems that you have no hope and that's why you are afraid to hold your coins. Always think positive if you want to have good outcome. |
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pandanaran
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February 28, 2018, 09:22:13 AM |
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Worries because it holds mainly if there is a change of price either down or up, all you have to do is have to have what purpose you hold, look at the market circumstances if it allows for a significant price change and what is important is this self-control, is only my personal opinion.
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myworkstrade
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February 28, 2018, 09:22:41 AM |
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how to overcome fear of holding?
For me, you stay away from monitor and do some work that are not related to coins for awhile hehe to avoid that fear or maybe read some good books. But you need to face that fear and face the reality of trading its a matter of time you will learn how to control your fear and prepare you for any types of situation that involves trading or investments. I do believe many of us experience fear the up and downs of trading career. Be prepare Always take profit and control yourself, just focus and set your goals and you are ready to go. Experience would be the greatest help for that fear. You lose today but you gain learnings and someday if you experience the same issues you know what to do. good luck!
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wareen
Millionaire
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Activity: 910
Merit: 1001
Revolutionizing Brokerage of Personal Data
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March 09, 2018, 10:11:17 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?
You can overcome your fear of holding if you can trust yourself. It seems that you have no hope and that's why you are afraid to hold your coins. Always think positive if you want to have good outcome. I have different opinion about holding and investment if compare my opinion to your opinion. Not like you said, I always image the worst situation I can get in my investment. Before investment, I always ask my self and find the solution for that worst situation. If I can solve the problem, I will investment and reverse, if I can not do that, give up that chance is the best thing for my investment. |
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shesheboy
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March 09, 2018, 10:25:28 AM |
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Worries because it holds mainly if there is a change of price either down or up, all you have to do is have to have what purpose you hold, look at the market circumstances if it allows for a significant price change and what is important is this self-control, is only my personal opinion.
even if we know that we have a purpose to hold, we still have experience a fear sometimes because of the unexpected changes in the market. i know that it is also normal for the price to fluctuate but why do we still need to panic sell? maybe because that is our nature and humans do also need to experience fear because we have feelings. your not a human if you dont have Feeling. So overall i can say that we canot totally overcome the fear of holding especially if theirs a big money involved. |
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Raielley
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March 09, 2018, 11:08:01 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?
If you can't help yourself and want to sell your coins, i have a nice strategy for you: 1) For exemple, you have 1000 of x-coin 2) When you're iching to sell something - do it, but no more than 0,5 of your amount. 3) Please begin again at Point 2.  |
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htconem7
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March 09, 2018, 02:11:48 PM |
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Fear of holding bitcoin has got high risk associated with it. This is all because of the price fluctuations happening with time, none knows what happens tomorrow. I believe this will continue to grow and the trust is the one that makes the users overcome the fear of holding bitcoin. This question is very broad because all of us have different views at things and different level of fears. Not all are risk-takers and honestly I am one of those fearful person and I fear selling rather than holding
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dutchkay
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March 09, 2018, 02:35:05 PM |
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There is nothing bad in taking profits early, i know you feel like you are missing out of gain but have you thought about what happens if it dumps too. Taking profits early saves you unnecessary hassles but if the coin continues to climb you are missing out, true. Why not stop and check how much you would have made in the long run in 3-4 months and check how much you can lose in legacy dump. If you exit a trade early just move on and don't look back so far you are in profits.
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