Hodling requires perseverance

[DikkieD]

There have been a few projects I lost all faith in after buying at almost ath around December/January. Been waiting forever to get rid of them, to buy in high potential projects with a long term vision. Around April/May I decided the agony of keeping them was more annoying than the fact I'd loose money when selling them. So I sold several bags. I bought into the other (better) projects and never looked back again. Pf stayed the same, I think I made a good call. Selling at a loss is no shame. Only when the project has great potential I would hold.

[spiker777]

This isn't 2017, holding isn't a viable strategy anymore for maximum gains. Market sentiment is down so you need to ride the waves in order to generate a reasonable profit. Sure holding will likely generate some profit in the long run, but it really will be a long run considering how the markets have looked for the past few months.

[bombie1]

I agree with you bro ,sometimes you have coins and have an urgent need to solve financially but due to bad market situation then you prefer to postpone the financial need and keep the coin.Only a few people can do this particular thing.Others will rather prefer to dump the coins and get the money at that particular instant but later regret when the prices finally go up.

[netil]

Patience is the guarantee of success. Especially on the crypto market. Here, most think in terms of months or weeks. To make investments with calculation even for a year are solved by the few.

[oseikuf44]

Without discipline, patience and perseverance, no one can hold a coin for a year to two years without selling despite the market going up or down.

[Kasabus]

Patience is the guarantee of success. Especially on the crypto market. Here, most think in terms of months or weeks. To make investments with calculation even for a year are solved by the few.

I don't see holding strategy will work then. As I've observe and as I've experienced,  I'm totally in loss due to holding. Market isn't the way to go far cause mostly tokes price are affected from dumpers and makes market trend ruined. Instead that we expect more growth, but sadly it goes down immediately.

[makladun]

Imho hodl works only if you have good entry point, steel patience and made really good research about company you invested. It is not enough just something cheap on the market:)

I agree with this. If you have a low entry point on good projects, you really do not have to worry about the movement of the market. You can hodl all you want until it's the right time to sell.

In the ideal world you enter at the good point. But you never have all the information. IMHO if you have invested in some good coins, it is a good idea to hodl them even if your enrtry point was not a perfect one.

[bungutko]

Yes,  I agree to your point where in perseverance,  patience and trust in your invested altcoin is indeed the factors that keeps you to hold and wait for the right time. There are some investors that easily get carried away by their emotions instead of analyzing the current situation on what whould be the right thing to do in making such decision.

[Mbok Ajeng]

with the price of coins on the market that is going down like this is not good if we sell the coins that we have because the price will be cheap. all we can do is hold the coins that we have for a long time until the price rises so we will not lose much. we must be smart to manage our crypto asset well and wait the time hoping the price of crypto will rise soon.

[GermanGiant]

The main principle of holding no use of money for primary needs. Because holding takes a long time. I feel holding for 6 months more, and I get a lot of profit. I recommend long-term investing.

[lyons]

I also think holding is not an easy thing, because I think it is a big exam for the traders. If you don't be patient enough and don't do strong researches, in the end all you will get might be a very low or zero profit.

[Gekkoo]

In current times this practice requires a lot of perseverance and this we can not deny. We find prices with a profit of 30% and even then we do not sell in search of something bigger, this practice can also be considered negative because in bear market prices tend to fall in the remembering that we could have sold on the high. In summarize is a skill few have.

[peterpeterpeter]

Definitely yea.. we need to be have strong perseverance while we are in the state of being hodl.
We need this to get more profits while waiting for  a good value.

[gidaahmad]

Yes, it is true that perseverance is the mother of success. One of the toughest thing to do when it comes to crypto, is the ability to hold for long.
I had a discussion with a friend. We decided to hold our tokens, because we had fiat to fall back on peradventure there is any need for it.
Presently, it is a different story, we are now in need of fiat, but all the tokens we presently hold have dumped. If we sell now, we would sell at loss, but getting money without selling is quite difficult.
As a matter of fact, we are seriously deliberating on what to do, yet we kept on telling ourselves that "it's just for a while."

I am experiencing the same thing with you. At least, we already know what the advantages and risks of investing in crypto. And should not be too much in investing to avoid big losses.

[kotajikikox]

I agree with you preserve of coins investment is very profitable ways to earn huge for long long term hold but depends on the needs of the holder the very reasonable holder can't wait the price hike of their coins because they to sell it because need to money to sustain their daily expenses.

[Nhor1011]

     Perseverance is the steadfastness in doing something despite difficulty or delay in achieving success. If you holding you need perseverance to success. It also means that do not fear to hold if you see market going down and a lot of negative news and issues out there. Still be courageous because it will help you to earn more profit at the right time.

[happy weblancer]

Very many were in the same situation. Some even took loans, thought that for a short time, it turned out that for a very long time.
Undoubtedly, the market will return to the previous high rates, but not now, in the autumn. Until that time, I participate in bounty campaigns and use my earnings

[Btcallans]

Yes, indeed. It requires patience and perseverance. If you have this two characteristic then you have future in cryptocurrency. This is a very helpful asset on how to decide well in critical moments.

[markgayamo]

Of course the main reason why do you hodl coins because, you want to have a good profit and earnings when you sell your coins in a long term and you must have a perseverance and patience to hodl your coins. This is also a tough decision when you make a hodl of your coins when it has already a price in the market and you think that, what if that coin pump times five or times ten in the next months and that is the strategy of it.

[laynum]

I like what you said "perseverance is the mother of success". I really wish a lot of people will come to understand what this truly is and how it works. You cannot survive the heat of the market if you lack patience. Patience is key towards hodling. That is why many would advice you invest your spare money, so it doesn't look like you are investing all that you have, that is why you are worrying. To make better profits in this market, you have to be patient for your coins to grow.