Don't buy what you can't hodl.

[Phantomberry]

Yes, I agree with this i have many times i buy some newly listed coins in the market and it seems not a good start, and when i hodl more than a month the price when up and gaining x10 profit. There are other coins that are pretty seemed scams to me that i hodl more than a year and the price is still the same as i buy that coin. Being a long investor is a good idea and patience is always all the time that's my method of my success.

[Yatsan]

Most of the time, the market of the coin we have chosen to get with is very unpredictable since we are dealing with a crypto so chances are very open for ups and downs since the market is a real volatile one. Yes, it is a very sad moment seeing your investment get into dip after putting some funds on it at quite sometime but we must first know that in every investment we do with crypto, there are certain risks that is associated on it which includes experiencing dips that we must and take patience with because once you give up there is no turning back that you can still regain what you loss. Be considerable on understanding and trusting your investment because at the first place, you must have analyze and well to know your coin before you have engagement on it. Just trust the process.

[AmoreJaz]

Yes, I agree with this i have many times i buy some newly listed coins in the market and it seems not a good start, and when i hodl more than a month the price when up and gaining x10 profit. There are other coins that are pretty seemed scams to me that i hodl more than a year and the price is still the same as i buy that coin. Being a long investor is a good idea and patience is always all the time that's my method of my success.

lucky for you if you can still get profit even after a year-long of hodling. very few alts can survive in the market for such period as most of them slowly decline its price after few months in trading. if you find one that keeps on rising, that means, the dev is doing something for the project to gain its value. not many projects can sustain their developments though.
and if you buy a specific alt, make sure that youve done your part of assessment. because most of these dev teams are good in making promises and drawing good plans but they cant implement what they want.

[Ryker1]

^[snip]
Just trust the process.

Well, I don't think trust will work in investing to get profit.
That is not a matter of trust, it is a matter of searching how useful your coin that invested, how it works to the society that becomes a wide adoption. On that point, the cryptocurrency that you have chosen is safe and far from the sudden drop because there was always an adoption of crypto.
However, the OP thought is about the amount you hold and it should be you willing to risk on it, not your entire budget as a whole month.

[Lanatsa]

^[snip]
Just trust the process.

Well, I don't think trust will work in investing to get profit.
That is not a matter of trust, it is a matter of searching how useful your coin that invested, how it works to the society that becomes a wide adoption. On that point, the cryptocurrency that you have chosen is safe and far from the sudden drop because there was always an adoption of crypto.
However, the OP thought is about the amount you hold and it should be you willing to risk on it, not your entire budget as a whole month.

Correct!

Trust wont work if the project you had supported is just pure shit and doesn't worth for it to be holded up.This is why lots of people do lost up their investment

due to this very reason and to think that there is or a bit obvious on which one is really worth to buy on but still they are really fan on testing out waters.

Well, taking risk isn't bad but we should always mind off that its better to stick with the best ones.

[gamer4156]

It implies that put resources into what you can't bear, not utilize your month to month stipend, your month to month bill, or any just-in-case account that required whenever you need. On the off chance that you have not satisfied these guidelines and have extraordinarily lamented the current bitcoin circumstance, let it be an exercise learned and begin thinking about the things you ought to do next at whatever point you are given an opportunity once more.

[error08]

There are some coins that were predicted will rise exponentially this month but it turned out only a few major coins such as eth, bch, Ltc, that following bitcoin to reach a higher level. Unpredictable results that don't go as expected cause significant losses to the portfolio, at least trade bitcoin could cover those losses. We learn a lot from experience and must be willing to lose to get better outcomes in the future. Don't hesitate to invest in some major coins and beware of some altcoins that cannot provide the desired returns.

[wxa7115]

I think we are all hodlers of crypto currency tokens; be it for 1 seconds, 10 minutes, 100 hours or 1000 days; we all hodl tokens one way or the other. You must learn to accept that hodling is good; it is up to you to figure out when to hodl, be it for one seconds or 1000 days and also visualize if you are able to achieve your profits within that short frame.

You are getting too technical, while it is true that right at the moment you buy a coin or any other asset you are already holding it when people think of holders as a group they think of people that keep their assets for long periods of time, sometimes forever as they are not interested in selling their asset because they think it is that good.

Gold is a classic example of this, those that hoard gold do it because they do not believe in fiat currencies and think that sooner or later they will fail and they want to keep most of their wealth while the rest of the population lose their purchasing power in the process.

[ChronoLite]

I have come to realize that in any situation of the market, patience is much needed and also your choice of coins for investment and time of investment also matters. A simple way out is to plan your funds, dont fomo, buy at more dip, take profit at intervals.

that is a normal human nature, once they get interrupted by sudden crash and dumps and that's how they test you, because your next choice would be really crucial for your trading journey on that particular coin. people's mind is so easy to get manipulated by this type of situation and we have to experience it so we know what to do

[dotcoin.info]

So easy to say but very hard to follow Especially for long term investors. It's never a pleasant thing to invest in a coin and then watch your investment go low. I have come to realize that in any situation of the market, patience is much needed and also your choice of coins for investment and time of investment also matters. A simple way out is to plan your funds, dont fomo, buy at more dip, take profit at intervals.

It is very easy to draw conclusions when you look at things that have already happened.
Obviously, seeing Bitcoin at $ 34,000, anyone will say that you had to wait and not sell at $ 25,000 levels when everyone else did.
Or, on the contrary, seeing bitcoin at $ 3000, it is easy to say that you could wait and not buy it at $ 5000.

[Tahsin Kabir Kollol]

I don’t think this is a reasonable argument for all types of trade. There is a saying in trade, No risk no gain. There are only a few cryptocurrencies, including Bitcoin Ethereum, that you can buy and store for a long time. But in the case of day trading, position trading, or swing trading, you need to invest in different types of cryptocurrencies by taking risks and buying them. Therefore, through market analysis, if a cryptocurrency is likely to rise in value in the present or in the near future, it is possible to make a profit by buying it. So it is safe to say that even if your opinion is reasonable in the case of safe trade, it may not be considered in all cases for the sake of profit.

[zanezane]

If you do not have the discipline to hodl what you are buying then the best that you can do is to buy the amount, put it in cold storage and put it in a case with all the necessary details to access it then lock it somewhere that you will forget to look at. For example, a metal box that is buried in concrete in your basement, a storage that specializes in storing items for an extended period of time. There are creative ways to hodl if you are not disciplined, you just need the will to find one. Don't forget, do not buy what you can't afford to lose, do not put all your savings in long term hodl, always find ways to stream income and finally always prepare an emergency fund worth at least 6 months on the lower end or 18 months at the extreme.

[JooBra]

I don’t think this is a reasonable argument for all types of trade. There is a saying in trade, No risk no gain. There are only a few cryptocurrencies, including Bitcoin Ethereum, that you can buy and store for a long time. But in the case of day trading, position trading, or swing trading, you need to invest in different types of cryptocurrencies by taking risks and buying them. Therefore, through market analysis, if a cryptocurrency is likely to rise in value in the present or in the near future, it is possible to make a profit by buying it. So it is safe to say that even if your opinion is reasonable in the case of safe trade, it may not be considered in all cases for the sake of profit.

I'm personally stacking tokens with really long term... I'm waiting for real profit not in this bull run but in the next one in couple of years. That's my 5years plan. Stacking some of top10 coin is safer bet even if that is risky... Never know what can happen in next year even more in next 5years.

[Oasisman]

~snip~

I'm personally stacking tokens with really long term... I'm waiting for real profit not in this bull run but in the next one in couple of years. That's my 5years plan. Stacking some of top10 coin is safer bet even if that is risky... Never know what can happen in next year even more in next 5years.

Well, this is some solid long term investment plan, but what if this years bullrun were just starting up and like suddenly boosting majority of your coins up to 100%-200% from its current price? The kind of scenario will become your ultimate test of patience lol. I know 5 years might give you more than what your coins will offer to you in this current bullrun, but when this surge continues, It'll surely gives you a decision challenge. Hodling ain't easy as everybody thinks.

[Hippocrypto]

~snip~

I'm personally stacking tokens with really long term... I'm waiting for real profit not in this bull run but in the next one in couple of years. That's my 5years plan. Stacking some of top10 coin is safer bet even if that is risky... Never know what can happen in next year even more in next 5years.

Well, this is some solid long term investment plan, but what if this years bullrun were just starting up and like suddenly boosting majority of your coins up to 100%-200% from its current price? The kind of scenario will become your ultimate test of patience lol. I know 5 years might give you more than what your coins will offer to you in this current bullrun, but when this surge continues, It'll surely gives you a decision challenge. Hodling ain't easy as everybody thinks.

That's proven on my personal experience which broke all the stressful days that I had. Challenges and everything would literally made us more mature in trading, particular with holding for 2 to 3 years but still didn't recover back. Though I trusted what I am holding right now, but emotions is really unavoidable. Maybe 5 years of more can be effective for now, specially most altcoins never showed progress for successful increase.

[DarkDays]

So easy to say but very hard to follow Especially for long term investors. It's never a pleasant thing to invest in a coin and then watch your investment go low. I have come to realize that in any situation of the market, patience is much needed and also your choice of coins for investment and time of investment also matters. A simple way out is to plan your funds, dont fomo, buy at more dip, take profit at intervals.

It is very easy to draw conclusions when you look at things that have already happened.
Obviously, seeing Bitcoin at $ 34,000, anyone will say that you had to wait and not sell at $ 25,000 levels when everyone else did.
Or, on the contrary, seeing bitcoin at $ 3000, it is easy to say that you could wait and not buy it at $ 5000.

Sure, there can never be a good selling point when looking back from a new high. But the point of the matter is that many people sold when BTC reached 25K and some might have bought in higher...was that a mistake?

Well, it depends on how you look at it. Right now BTC seems to be on another roll so perhaps buying at 35K wasn't that much of a reckless action.

It is all about how you look at things....

[TheGreatPython]

If you do not have the discipline to hodl what you are buying then the best that you can do is to buy the amount, put it in cold storage and put it in a case with all the necessary details to access it then lock it somewhere that you will forget to look at. For example, a metal box that is buried in concrete in your basement, a storage that specializes in storing items for an extended period of time. There are creative ways to hodl if you are not disciplined, you just need the will to find one. Don't forget, do not buy what you can't afford to lose, do not put all your savings in long term hodl, always find ways to stream income and finally always prepare an emergency fund worth at least 6 months on the lower end or 18 months at the extreme.

I do not put the blame on people who can't hold because they are afraid and they want to get out. It makes sense because they are people who have never done something like this before and when they get in and see the movements, they may end up making a rash decision emotionally, it is definitely something that makes sense. However it is really not something I would be worried neither, it is a small number of people who end up doing something like that, which is why I think it is quite obvious that the majority of crypto people do not need to worry about the panic sellers anymore.

Many of them got out during the last run for example, we peaked at 34k, went to 27k, and many of them sold, what happened? We still managed to get back up to 39k right now, which is why I think it is quite important that we should not be worried about whats going to happen with these panic sellers.

[dimonstration]

why should it be like that in the crypto world there are no rules for hodl, you can trade coins on exchanges, even now there is a new feature in trading with the name staking and saving, yes passive income is now favorite instead of holding for long term

Many already learned their lesson when it comes in holding altcoins as only few altcoins can still have value at the long run, only BTC is able to get price increases, it doesn't matter whether we hold long or not what important is that we are in profit and our investment is able to have some gains, being too greedy and hoping with too much profit sometimes results in different way so if we're able to have passive income by trading holding too long is not necessary.

[Twinkledoe]

why should it be like that in the crypto world there are no rules for hodl, you can trade coins on exchanges, even now there is a new feature in trading with the name staking and saving, yes passive income is now favorite instead of holding for long term

Many already learned their lesson when it comes in holding altcoins as only few altcoins can still have value at the long run, only BTC is able to get price increases, it doesn't matter whether we hold long or not what important is that we are in profit and our investment is able to have some gains, being too greedy and hoping with too much profit sometimes results in different way so if we're able to have passive income by trading holding too long is not necessary.

This is why a lot of crypto users are still sticking with bitcoin, because most alts have downward market performance. The truth is, only few of them have real application, considering that we have thousands of alts. If you will notice, most of them are in continuous downward trend once they hit the exchanges. So it is really not practical holding alts for long-term, most of them will lose their value and you will be left bag holder of worthless coins. Better stick with bitcoin.

[Ridwan Fauzi]

So easy to say but very hard to follow Especially for long term investors. It's never a pleasant thing to invest in a coin and then watch your investment go low. I have come to realize that in any situation of the market, patience is much needed and also your choice of coins for investment and time of investment also matters. A simple way out is to plan your funds, dont fomo, buy at more dip, take profit at intervals.

I myself really regretted to hold an altcoin for long term investment, since 2018 ago I bought an altcoin which is I was wrong I choose it. I bought an altcoin that I think its potential coin that can make its price up 500%, honestly not. DeFi system has broken it, I don't know I just thinking that the reason why most altcoin especially below 100 top rank can't increase even its price just down and down it is because DeFi system. Most investor just focus to see potential DeFi coin comparing to the exist coin which is traded on the exchange. So, your patience will be worth of you know the situation and the trend.