Hodling requires perseverance

[PANK21]

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."

Obviously, perserverance is neccessary while waiting for something important. Something like cryptocurrencies are so important  to have perserverance while holding it. Usually people are very impatient when it comes to money because of poverty. But when it comes to cryptocurrency, you must wait patiently while holding it for you to have more bigger amount to the near future.

[swiftbits]

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."

Perseverance is like a skill, you need to work for it since its tough thing to apply, since bitcoin is on the peak after 8months on low, Bitcoin Investors with great perseverance maybe enjoying right now, I think its hard to wait for that long, many things can happen on the course of 8months, things changes and our decision might as well.

Great timing and great funding can get you through it, you can do long term holdings without worrying.
I really wish that I'm financially stable and can sustain my own needs without thinking how much money I left, maybe I can earn much better.

[emsjvh]

I thinking hodling requires many factors, first of all research the product and future plans, if product i shit and no new things from the project, then hodling will bring only disaster.

[BogdanGFTP]

The current decreasing of tokens could continuing in years so I think you should sell all of them if you have not got another income. There is not successful investors who invest all their money to unstable actives.

[Btcaivah1]

Yes indeed, holding requires perseverance and patience. This two characteristic is a must to be a successful investor. If we have this the chance of success is quite high.

[Bezobraznike]

Yes indeed, holding requires perseverance and patience. This two characteristic is a must to be a successful investor. If we have this the chance of success is quite high.

   From day to day we need to have control over our emotions, fears, wishes, to not do something foolish and sell our coins
in the worst case. This two characteristics are necessary for all of us who wish to endure in holding. I`m here only for a
year and I plan to stay here for a long time. To hold all my coins and to make more, to invest more in new and old projects.
   Holding require many other things, but I agree that perseverance is most important, how else to do it for years and years.

[Sofia_Sofia]

The main thing is that the project should be working. And that the team did not stop to develop it. And then we can hodling. This is my tactic

[jpaul]

Holding requires lots of parceverence and patience, having in mind the market situation changes all the sometimes it gets so bad that most people actually opt out of the market, selling off whatever is in their possession. It takes heart for someone to just stay and hold on, mostly believe that the can you hold will come to some good in the long run

[Kolikalex55]

I just bought a hard drive and installed wallets on it and keep everything there ! To avoid the temptation to sell when everything grows or falls )

[BitForceOne]

As today, it can be an issue avoid cashing while prices fall , eventhough hardened hodlers are aware that these are non-permanent situations.

[Genosx]

Yes, this is true that holding requires perseverance and it is normal to be part of it because holding a coins or investments for the long period of time is difficult to handle because of the obstacle.

[btc-facebook]

The problem is how long do you can afford to loss ?
As we know in crypto everything is unpredictable so preparing for the losses are better because profit only come if the time and luck meet together !

I've hold some bits about 4 years and yeah.. it's not that simple to keep hold it !

[dianikusuma]

from the development of crypto value to current prices, of course, are already making a lot of investors who have enjoyed the results. But if looking at the case at the moment and for the future of the later will certainly much better than before. the problem was a matter of holding this diligently which is difficult to be implemented in order to provide the results of the future later.

[crenfrosck]

You and your friend used a good tactic to invest: using just your extra money. Unfortunately, life is full of unexpected and surprising moments that can turn around every single piece of your current lifestyle. It seems like you are in this kind of trouble, plus you are not sure if withdrawing in a loss is a good option. Is there any other way how to obtain money? If not, I would consider taking and withdrawing a part of your portfolio in fiat and pay necessary checks etc. Your trouble will eventually vanish and you will have some money to invest again. I wish you good luck as this choice is really difficult for everyone who is in need.

[Pumuckel21]

Yeah but it really depends on the coin you keep on holding. I have some certain altcoins which went down nearly 90%. (but i have just invested money which does not really hurt to loose)

[gensol]

True. Without perseverance then you cannot be a successful holder. It is what gets you through all of the difficult times when prices dip more than anyone expected that they would. Along side perseverance, you would need to have a lot of belief in the project. You need to have faith that your holding will not be in vain and that the project would do well in the long run.

Yea you sure are right. This is because you can see your hodl portfolio going down the drain in a split second of market reversal or bear run. But I would advise everyone including myself to be careful and always take profit so that in such periods we are not shaken or thrown off balance.

[Mr.Noda]

Undoubtedly the holding needs very strong nerves. This is an incredible stress for the coin holder. I personally chose for myself a strategy to buy and forget.

[samcrypto]

I thinking hodling requires many factors, first of all research the product and future plans, if product i shit and no new things from the project, then hodling will bring only disaster.

This is why holding great coins is bettet than being trap with a shitcoins. Hodlers have to endure all the market losses and even when the price hit a new all time high some people still choose to hold knowing that it will dump after hitting the peak. Hodlers really focus on their goals, and its a good one.

[DmitriySar]

You must have a lot of patience and perseverance to achieve your ultimate goals, these good qualities are applicable to everything.

[Bughah]

You must have a lot of patience and perseverance to achieve your ultimate goals, these good qualities are applicable to everything.

A big yes,with out perserverance in this industry its hard to achieve what you want.especially when the price in the market decline.