How to HODL the right way

[anitaraymonds]

Here are two simple rules my trading mentor who's been in the game for 30 years taught me.

1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.

----

2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).


I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...

If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.

"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"

You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.

We still live in a fiat-dominated world where you pay your bills in fiat (USD, EUR, YEN, etc.). So when your bills come but you've put all your money in crypto and it's going down and you kinda have to HODL, how are you going to pay them? I did that just recently and it was pretty tough to fight with my fear of losing and regret that I didn't sell at the peak.

If you don't need the money, great. Leave it in crypto. But the moment you lose a big amount (and this will happen at some point if you are in the game long enough) you will start panic selling and thinking about all the things you could have bought with that money: a trip, your yearly rent, a yacht, 5 years of freedom from work, etc.

A better way is to slowly regain your initial investment and let the profits make profits. Or take as much money as you need to live comfortably if crypto is your main source of income.

This is where the second advice comes in handy.

Take profit, even when it's counter-intuitive.

"This advice comes from many times of sh*#$ing my pants over the years," – experienced traders lose money too but they only come out stronger.

And finally, don't trade under the influence of your emotions:

FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us  If you've missed the train, don't run after it. Wait for the next one (next dip).

FEAR OF LOSING – you're panic selling and then it pumps back up.    Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.

GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.

I hope this is helpful.

Stay tough! ;-)

The information is incisive and apt. There is nothing as good as having a daily trading plan which must be followed strictly. Form it as part of your attitude and always get a trading mentor.

[entrepmind23]

2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).[/color][/b]

This is a good strategy OP. A plan like this would make you not be stress when there is a bear market because you are able to cash out and you are assured that you can still put food in the table and if one follows this religiously then he would not become greedy especially if he makes trading his source of income since he knows what his target will be. We know for a fact that we are still in a fiat-dominated world so taking profits from time to time would be the ideal way of trading.

And finally, don't trade under the influence of your emotions:
FOMO
FEAR OF LOSING
GREED

These emotions are the reason why someone would lose a trade because he cannot control his emotions and after entering a position and losing, he would regret that he took that trade but then I think all of us have to go through to this so that we will know not to do it again in the future but instead learn from it because in trading, experience is still the best teacher to hone your skills and be profitable in the future.

[Leonard2016]

Probably the guy whom advised you has worked in stock market 30 years and want to use the information in here, well I don't think all that information work in this market , cryptocurrency is like a jungle , it doesn't have specified rules like stock market , it is 24/7 which stock market isn't , more than 90% of bitcoins are in less than 10% of wallets and it means market makers are much more stronger and so more effective than stock market , If in stock market market makers manipulate the market they can be sued , here is not  , If you have worked technical analysis you will see the old technical analysis which worked in stock market sometimes , rarely works in here , For all that reasons I don't think we can compare stock market and its tips with cryptocurrency world .

[chillitabit]

Here are two simple rules my trading mentor who's been in the game for 30 years taught me.

1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.

----

2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).


I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...

If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.

"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"

You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.

We still live in a fiat-dominated world where you pay your bills in fiat (USD, EUR, YEN, etc.). So when your bills come but you've put all your money in crypto and it's going down and you kinda have to HODL, how are you going to pay them? I did that just recently and it was pretty tough to fight with my fear of losing and regret that I didn't sell at the peak.

If you don't need the money, great. Leave it in crypto. But the moment you lose a big amount (and this will happen at some point if you are in the game long enough) you will start panic selling and thinking about all the things you could have bought with that money: a trip, your yearly rent, a yacht, 5 years of freedom from work, etc.

A better way is to slowly regain your initial investment and let the profits make profits. Or take as much money as you need to live comfortably if crypto is your main source of income.

This is where the second advice comes in handy.

Take profit, even when it's counter-intuitive.

"This advice comes from many times of sh*#$ing my pants over the years," – experienced traders lose money too but they only come out stronger.

And finally, don't trade under the influence of your emotions:

FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us  If you've missed the train, don't run after it. Wait for the next one (next dip).

FEAR OF LOSING – you're panic selling and then it pumps back up.    Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.

GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.

I hope this is helpful.

Stay tough! ;-)

it is a reasonble trading advice, I have to give you that Regarding withdrawing profits to fiat, that depends on how much you need to use that funds. If you don't I would have not necessarily done that

[Moiyah]

Though, I may agreed with all your advices here, which I will follow for sure. But just to point out one of my conflicts in trading.

GREED.

This is one of my problem actually I am facing everytime I do trading. I always find myself regretting because of my greediness. At the end of the day, I will realized how much greedy I am that causes my failure in trading. A lesson learned to all of us is that, there will so much unexpected loss with so much greed.

[Siren]

Whos been in the game for 30 years?what game lol.

This isnt a game and this doesn't exist for even 10 years so where did he find the word HODL when crypto wasn't there fromt that time.and if youre going to say that the learning is from stocks well this two different thing because cryptocurrency are volatile that you cant trust to perfectly grow without losing.

But i agreed on your views about how to profit in long term investment

[melted349]

That is a good advice for the beginners that wants to become a trader, many people are really crying because they not follow the simple strategy and most of them are ignored it. But sometimes you need to face the risk to gain more and after that you may cash out the 50% of your profit for daily needs or whatever and you may trade again.

[dothebeats]

This is simply bankroll management if you'd ask me, though an efficient and effective one. This prevents one trader from chasing and cutting losses since the trader only has a small percentage of his bankroll on the line. Also, getting a definite day to collect profits--whether it's a win or a loss--is a pretty good idea since you will not be regretting anything if in case the prices go up or down since you'll do it regularly. It also prevents you from making impulse decisions that may affect your profits and result to a loss. Reinvesting your profits is also a good idea if you don't need the money yet as it further increases the potential return on your investments especially if the asset is performing good.

[nsasuiteb]

I don't think previous experience in trading have big impact on the success in the crypto because it is very different market having different dynamcis which probably have not been seen before, also putting 5-10% in crypto is absolutely nonsense if you know well what you are doing in crypto.

[Robinislam123]

Your Bloc:-
Here are two simple rules my trading mentor who's been in the game for 30 years taught me.

1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.

----

2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).


I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...

If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.

"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"

You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.

We still live in a fiat-dominated world where you pay your bills in fiat (USD, EUR, YEN, etc.). So when your bills come but you've put all your money in crypto and it's going down and you kinda have to HODL, how are you going to pay them? I did that just recently and it was pretty tough to fight with my fear of losing and regret that I didn't sell at the peak.

If you don't need the money, great. Leave it in crypto. But the moment you lose a big amount (and this will happen at some point if you are in the game long enough) you will start panic selling and thinking about all the things you could have bought with that money: a trip, your yearly rent, a yacht, 5 years of freedom from work, etc.

A better way is to slowly regain your initial investment and let the profits make profits. Or take as much money as you need to live comfortably if crypto is your main source of income.

This is where the second advice comes in handy.

Take profit, even when it's counter-intuitive.

"This advice comes from many times of sh*#$ing my pants over the years," – experienced traders lose money too but they only come out stronger.

And finally, don't trade under the influence of your emotions:

FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us  Grin If you've missed the train, don't run after it. Wait for the next one (next dip).

FEAR OF LOSING – you're panic selling and then it pumps back up.  Angry  Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.

GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.

I hope this is helpful.

Stay tough! ;-)
My Bloc:Teddings are a strange thing in the Kippo World, who have been working on it for a long time, they are the owner of the millions and those who do not yet have any idea about TEDD, I will tell them that before you technically Enilees, then you can not understand Konna Technik Enilees. I am very much convinced and those who use Technik Enilees, I will tell you for a long time. If Ted was very good and more than 3 months without pophita asabeapanara egulotei pauphata you will be 70-80%.

[crazycatwoman03]

Everyone could have their own way of holding so I guess there won't be a real right way of holding. What matters here is that the way we chose will be comfortable and of course profitable for us. We don't have the same amount of assets so there will be people who can afford allotting money for investment and hold for profit, and the rest would rely on the received payments or accumulated earnings and then hold. Of course the bigger amount you hold the bigger profit you can gain as well as the bigger you can lose.

[eternalgloom]

I'm just going to give my 2 cents on how to HODL the right way.
The right way for me is taking the path of no return, I'll explain.

Say you want to hodl 2 Bitcoins for at least one year.
Just put them into a timelocked transaction that won't expire before one year has passed.

Whatever the price does, you won't be able to do anything until you've waited a year.

[bitcad4u]

If you had follow the rules in trading,it will save you from future loss.All the traders will lose some dollars at some points due to the emotion.Don't allow you emotion to get into trading.Even a experience traders will lose due to emotion .If you try with 10%,you loss percentage is low.Incase you are force to lose.

[Binmado]

I don't think previous experience in trading have big impact on the success in the crypto because it is very different market having different dynamcis which probably have not been seen before, also putting 5-10% in crypto is absolutely nonsense if you know well what you are doing in crypto.

Not necessarily the experience they have now is meaningless, I think many people with analytical skills are still earning so much because they have their own analysis. I think in the future, prices of atlcoin will increase so keep holding do not worry and rush. He will succeed

[bozo333]

This is not a exact prediction but we must know the market dump and pump so we should hold for certain period then sell to right time. But many long term investors are just hold for more than one or two years it is make big success in future. This is more than enough to maintain our investment and some peoples are always exchanging to some other altcoins it is make profit but little risk so we hold for single investment this is good for the long term.

[umbara ardian]

the best way to hold is that you have to be very patient to be unaffected by market conditions, because I see many traders being affected by the price in the market, bitcoin trading must know its trick to get a lot of quench.

[margert]

Here are two simple rules my trading mentor who's been in the game for 30 years taught me.

1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.

----

2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).


I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...

If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.

"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"

You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.

We still live in a fiat-dominated world where you pay your bills in fiat (USD, EUR, YEN, etc.). So when your bills come but you've put all your money in crypto and it's going down and you kinda have to HODL, how are you going to pay them? I did that just recently and it was pretty tough to fight with my fear of losing and regret that I didn't sell at the peak.

If you don't need the money, great. Leave it in crypto. But the moment you lose a big amount (and this will happen at some point if you are in the game long enough) you will start panic selling and thinking about all the things you could have bought with that money: a trip, your yearly rent, a yacht, 5 years of freedom from work, etc.

A better way is to slowly regain your initial investment and let the profits make profits. Or take as much money as you need to live comfortably if crypto is your main source of income.

This is where the second advice comes in handy.

Take profit, even when it's counter-intuitive.

"This advice comes from many times of sh*#$ing my pants over the years," – experienced traders lose money too but they only come out stronger.

And finally, don't trade under the influence of your emotions:

FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us  If you've missed the train, don't run after it. Wait for the next one (next dip).

FEAR OF LOSING – you're panic selling and then it pumps back up.    Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.

GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.

I hope this is helpful.

Stay tough! ;-)

I think that at this point you should not invest long term, the market is fluctuating continuously and bitcoin prices are adjusting very hard to guess. According to my analysis, the current price of bitcoin is at $ 7700 and will probably increase slightly before continuing to adjust to the new milestone. The market is bearish in the long run as long-term trading is very difficult at this time and the risk is very high.

[Sum24]

Here are two simple rules my trading mentor who's been in the game for 30 years taught me.

1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.

----

2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).


I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...

If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.

"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"

You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.

We still live in a fiat-dominated world where you pay your bills in fiat (USD, EUR, YEN, etc.). So when your bills come but you've put all your money in crypto and it's going down and you kinda have to HODL, how are you going to pay them? I did that just recently and it was pretty tough to fight with my fear of losing and regret that I didn't sell at the peak.

If you don't need the money, great. Leave it in crypto. But the moment you lose a big amount (and this will happen at some point if you are in the game long enough) you will start panic selling and thinking about all the things you could have bought with that money: a trip, your yearly rent, a yacht, 5 years of freedom from work, etc.

A better way is to slowly regain your initial investment and let the profits make profits. Or take as much money as you need to live comfortably if crypto is your main source of income.

This is where the second advice comes in handy.

Take profit, even when it's counter-intuitive.

"This advice comes from many times of sh*#$ing my pants over the years," – experienced traders lose money too but they only come out stronger.

And finally, don't trade under the influence of your emotions:

FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us  If you've missed the train, don't run after it. Wait for the next one (next dip).

FEAR OF LOSING – you're panic selling and then it pumps back up.    Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.

GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.

I hope this is helpful.

Stay tough! ;-)

I think that at this point you should not invest long term, the market is fluctuating continuously and bitcoin prices are adjusting very hard to guess. According to my analysis, the current price of bitcoin is at $ 7700 and will probably increase slightly before continuing to adjust to the new milestone. The market is bearish in the long run as long-term trading is very difficult at this time and the risk is very high.

Yes it is good to hold your bitcoin for long time, as bitcoin price never remain the same as if today price will be high then tomorrow it will be low, so if you buy bitcoin right now at low price then after that just hold it with patience but use bitcoin wallet which give us security and safety, no one will be able to steal or hack your bitcoin so buy at low and sell high after holding it.

[gudrun]

Here are two simple rules my trading mentor who's been in the game for 30 years taught me.

1. Put 5-10% of your net worth in crypto. No more as you might lose more than you can afford, no less as you won't see much difference.

----

2. Have a strategy. Every month, on a particular day you have chosen, take 50% of your profits in fiat. No ifs, no buts, no waiting for the market to get better or for the price to rise because you "know it will rise 100%". And when it comes to the other half, invest 50% of it in assets you believe in for the long-term (Bitcoin, ETH, Neo, etc.) and leave the other 50% for speculation (alts, shorting).


I myself have broken these rules on a few occasions as I got greedy and it didn't end well so I had to HODL, check my portfolio every 5 minutes, deal with a massive amount of stress...

If you leave the decision-making to the strategy you follow, not to your emotions, it will make the whole thing much less painful. These two rules are super simple to follow.

"But I made most my crypto money from crypto." "But I am sure there will be a bull run, I will make more money when I put all my savings." "Why only 10%?"

You can NEVER be sure if a price will go up or down. Even technical analysis can mislead you as the crypto market is not regulated, it's the wild wild west and anything can happen. ANYTHING. Good or bad.

We still live in a fiat-dominated world where you pay your bills in fiat (USD, EUR, YEN, etc.). So when your bills come but you've put all your money in crypto and it's going down and you kinda have to HODL, how are you going to pay them? I did that just recently and it was pretty tough to fight with my fear of losing and regret that I didn't sell at the peak.

If you don't need the money, great. Leave it in crypto. But the moment you lose a big amount (and this will happen at some point if you are in the game long enough) you will start panic selling and thinking about all the things you could have bought with that money: a trip, your yearly rent, a yacht, 5 years of freedom from work, etc.

A better way is to slowly regain your initial investment and let the profits make profits. Or take as much money as you need to live comfortably if crypto is your main source of income.

This is where the second advice comes in handy.

Take profit, even when it's counter-intuitive.

"This advice comes from many times of sh*#$ing my pants over the years," – experienced traders lose money too but they only come out stronger.

And finally, don't trade under the influence of your emotions:

FOMO – when it's going up and you've missed the train... but then you buy and it dumps. Happens many times to all of us  If you've missed the train, don't run after it. Wait for the next one (next dip).

FEAR OF LOSING – you're panic selling and then it pumps back up.    Warren Buffet might be a crypto FUD-meister but he's right about getting greedy when others are fearful and getting fearful when others are greedy.

GREED – this is the trickiest of all emotions. Most humans are greedy. It's our nature. And yet most will tell you they're not greedy if you ask them. I am greedy, and so are you. In trading or investing, we realize we've been greedy only after losing money. There is no easy way to learn this lesson but if you follow the two rules above you won't let greed run the show.

I hope this is helpful.

Stay tough! ;-)

I think the ball should not be long-term investment at this point, you can see that bitcoin prices are constantly changing and difficult to guess, so in order to successfully trade you need to trade short-term day. The market is bearish in the long run so trade should be close to bitcoin prices and should not be a long-term investment at this time.

[bitterguy28]

holding for long term the best to hold is forget it for a while after a month or depends on your target time prediction in your coins investment and again if there have an progress increasing their price value, if not stay calm and forget it again and just relax surely that idea you can earn profits at the right time.