holding is not an easy thing

[Tomtomwole]

alot of people really want to hold but the daily needs of life make them sell off at little profit and solve their needs which is really good. but later they notice the coin they sold cheap is worth enough to liberate them. this kind of occurences are painful but its really not his fault. this brings me to the question of maybe holding is for the rich who can afford to buy and forget. ? lets discuss this, thank you.

[1715518921]

1715518921

[sheenshane]

That's the reality of holding and even me, I also encounter that and though I felt regret I moved on because I know it was a great help for me in able to solved the financial problem during at that time.

That's financial management and not just because you aren't rich and if you can able to spare even 5% fund from your monthly salary to invest in Bitcoin, that's a better way of saving while you also investing.

This is the reason why people think Bitcoin is a good asset because they think that adopting Bitcoin as a reserve asset but holding isn't that just easy especially if you are an average wage earner.

[martina14]

alot of people really want to hold but the daily needs of life make them sell off at little profit and solve their needs which is really good. but later they notice the coin they sold cheap is worth enough to liberate them. this kind of occurences are painful but its really not his fault. this brings me to the question of maybe holding is for the rich who can afford to buy and forget. ? lets discuss this, thank you.

Hold is not easy, in terms of what? maybe if the person or holders are impatient especially if He/She holding the coins for a years now.
That is why as an individual traders here must know what type of trader He/She is, like day trader or long term. And must also have skills, full of idea, and knowledge as well something like that.

[sulendra12]

alot of people really want to hold but the daily needs of life make them sell off at little profit and solve their needs which is really good.

True, I have the exact same experience as yours. When the daily routines tackle your financial then unfortunately we have to use the savings from our different sources such as holding assets. People say it's easy to hold but if they think on our perspective, then they will probably feel the same way as ours.

[cabron]

Hard to hold when you have nothing else but the BTC you have and if there isn't anywhere you could get money for your everyday needs, you will be forced to sell at a low price instead. It happens to many people including me. The economy caught us off guard really so if its possible to get two jobs while you invest a little of your income to BTC will still be worth and this is where you really can hold confidently.

[Jaycee99]

alot of people really want to hold but the daily needs of life make them sell off at little profit and solve their needs which is really good. but later they notice the coin they sold cheap is worth enough to liberate them. this kind of occurences are painful but its really not his fault. this brings me to the question of maybe holding is for the rich who can afford to buy and forget. ? lets discuss this, thank you.

Only the rich can who can afford to buy and forget? yes maybe as well as the saying "Buy only what you are ready to lose" when it comes to investments.


Holding bitcoin or any other investments is that you are mentally ready for losses and thoughts like bitcoin going down and up back to its value 30k and it's really painful for those people (For example)who bought it on 40k and the value drop on 30k.

Or if you did not make any research in holding bitcoin well there is a first time for everything experiences is the best way to learn. Like a saying goes "Learn from your mistakes" and we all know that when we make mistakes we tend not to do it again and make something better out of it.

[logfiles]

It is easy if you have a reliable source of income where you can always take out a small portion of your income or salary and buy BTC or any other coins of your interest. You definitely can HODL long enough if you used the only money you have to buy BTC.

It can be comparable to how governments or companies deduct part of your salary to save for your retirement benefits or security funds. I guess it comes to one's will power. If you have very strong will power to HODL for 5 or 10 years, nothing can stop you.

[GreatArkansas]

(....)
this brings me to the question of maybe holding is for the rich who can afford to buy and forget. ? lets discuss this, thank you.

Anyone can hodl. It's just occasionally and for sure emergency why some people sold their coins. It's likely taking profits if you are doing trading.
For me, I am a long-term hodler of Bitcoins, but at the same time, I treat Bitcoin too as my emergency funds like if there is anything that happens that needed some huge amount of money that I can't afford with my fiat or of my daily source income.
We can't blame those people, as long as they used their funds on good and useful things/services.

[airdata]

Yes, i believe that Holding is not easy for Everyone, if Someone want to Hold a coin then i think need More patients. Holding means patients.
If Somebody want to Hold a Coin, then first Can Buy coin and Forget the following coin for Long time and not need to check this Coins price daily or Weekly. Just Buy and Forget this Coin.       

[Obito]

It is difficult if you are hodling only one cryptocurrency and you have no other way to make money instead of that coin. Fortunately for me, I have the opportunity to hodl more than one cryptocurrency so whenever the need to take out some money, I just have to choose which one and hodl the other.

[OcTradism]

alot of people really want to hold but the daily needs of life make them sell off at little profit and solve their needs which is really good. but later they notice the coin they sold cheap is worth enough to liberate them. this kind of occurences are painful but its really not his fault.

Holding means mid-term or long-term so if you give up your holding plans and sell your coins earlier than your original plans, it is easily to explain why your holding ends with a draw, loss or very small profit.

Holding will end with serious losses if you choose a bad coin AND buy at it all time high. When bull market goes away, and bear market comes, your shit coin holding will end with serious loss or zero.

When you do your investigation good enough and you choose good coins for your holding portfolio, you need to keep up with your plans. It is easy or not easy and depends on your personal traits.

If you are disciplined guy, it is easy and oppositely, it will be a hard task.

[CryptopreneurBrainboss]

I think it all depends on how you started your investment. If you went all in, even borrow money just to invest (which is a wrong approach to investing), then you can get pressured into cashing out your investment before time. Always have reserved funds to fall back to, some call it emergency funds. If you have this then you'll not have to touch your investment until it has matured to your tastes.

If you have $100, don't go investing all, problem is one thing we can't avoid as there is problem that needs money everywhere we go to. Plan yourself, holding isn't just for the Rich. Infact the poor needs it more than the rich.

Holding is very easy to do, you don't basically have to forget about the coins because if you do, it might cause you big loss. Some coins are steadily migrating which if you're holding your coins in personal wallets, you have to execute some transaction to get your new coins on some aspect while others are airdropped automatically.

[Wexnident]

Just ignore it, not the coins themselves but rather the value. Think of it as something like a collectible, like those pokemon cards you used to collect when you were a kid. Move them to a better place when needed to, and put up enough guarantee that they wouldn't be lost. That's it. Holding becomes difficult if you act like you're bloody gonna get rich in a week or two so you keep on watching the market. I say don't. Holding is called Holding for a reason, it's for a long term, and a very long one at that.

Check the market maybe every month or two, but always stick to the timeframe you were holding for (though its a case-by-case basis imo).

[Wind_FURY]

alot of people really want to hold but the daily needs of life make them sell off at little profit and solve their needs which is really good. but later they notice the coin they sold cheap is worth enough to liberate them. this kind of occurences are painful but its really not his fault. this brings me to the question of maybe holding is for the rich who can afford to buy and forget. ? lets discuss this, thank you.

Life is unfair, but how can an investment “liberate” you from your financial situation if you sell that “investment”? It’s not the “investment’s” fault that it stopped being an “investment” because you need to sell. I believe it’s time for you to think about your current situation, and look for a job, or a second job.  

[joniboini]

alot of people really want to hold but the daily needs of life make them sell off at little profit and solve their needs which is really good.

This statement itself is questionable. If the people need to survive on selling their investment, why would they start investing in the first place? Your worry is somewhat understandable, but as others mentioned, just because you don't make $30k a month doesn't mean you should not invest and hold some shares. If the decrease of the price trouble you, then cut your loss and find other portfolios that are more suitable for your risk appetite.

If spending $1k worries you a lot, maybe you should lower your investment so you can hold with ease. Be smart, find the basket that's right for you, manage your portfolio regularly. If you really want to buy and forget, then just spend $100 or so and gamble it for the next few years.

[k@suy]

Holding means mid-term or long-term so if you give up your holding plans and sell your coins earlier than your original plans, it is easily to explain why your holding ends with a draw, loss or very small profit.

Holding will end with serious losses if you choose a bad coin AND buy at it all time high. When bull market goes away, and bear market comes, your shit coin holding will end with serious loss or zero.

When you do your investigation good enough and you choose good coins for your holding portfolio, you need to keep up with your plans. It is easy or not easy and depends on your personal traits.

If you are disciplined guy, it is easy and oppositely, it will be a hard task.

Holding was possible but of course not an easy thing especially if you are very dependable on the ROI of your hodling investment or for a short term investment only. Hodling will be the best option for all the investors who doesn't only have investment but they have another source of income to meet their daily needs. And at the same time, you can't rely on the ROI of hodling if you are expecting for an easy ROI because ROI of hodling are a time mannered investment.

[OcTradism]

This statement itself is questionable. If the people need to survive on selling their investment, why would they start investing in the first place?

Pressure is the worst thing you face with for your investment or trading. If you do anything relates to investment or trading under pressure (here I don't mention what is pressure and where is it from), results can be bad as long as you are not a superb professional guy.

Holding was possible but of course not an easy thing especially if you are very dependable on the ROI of your hodling investment or for a short term investment only.

Value or fundamental investors do prefer holding or hodling. The longer you hold, the better profit you might have. Why the period of holding makes sense or decides the profit you earn?

You can not know when the companies you are investing in do product releases, press releases or any break-out moments. If you hold 1 or 2 years, and such break-out moments (only discuss about new products) in the third year, you miss a great opportunity to exit your investment with very good ROI. Exit in the first or second year can still give you profit but not big.

In cryptocurrency, Ethereum and BNB are very good examples for altcoins. If you hold them in the past 3 or 4 years, you have yet gotten any losses and in fact you have very good ROI.

Hodling will be the best option for all the investors who doesn't only have investment but they have another source of income to meet their daily needs. And at the same time, you can't rely on the ROI of hodling if you are expecting for an easy ROI because ROI of hodling are a time mannered investment.

Holding or hodling is only good or best if you choose good cryptocurrencies and your choices must be based on fundamental analyses. Any decision that is made arbitrarily and looks like a gambling is not good to hold for any period.

[Yamifoud]

alot of people really want to hold but the daily needs of life make them sell off at little profit and solve their needs which is really good. but later they notice the coin they sold cheap is worth enough to liberate them. this kind of occurences are painful but its really not his fault. this brings me to the question of maybe holding is for the rich who can afford to buy and forget. ? lets discuss this, thank you.

It is really hard when you are not committed to doing it and we can't deny that only a few people are having such kind of mindset while the majority are in the hurry to make money from their investment.

I don't actually agree that holding is for the rich people only, poor people can do as well. But most of the time, poor people will easily give up due to some financial problems and they often sell their investment rather than keep holding. The advantage of rich people is having multiple sources of income which makes them not only rely on crypto and they can afford to hold it without even bothering to check their investment.

[hugeblack]

holding is not always making a lot of money because most of the altcoins are not worth holding. holding bitcoin is the only profitable in the long run.

As for the strategy, it is to keep spending to a minimum and not to try to spend except in emergency situations such as the illness of a close person or others.
Human behavior towards money and financial intelligence is what determines the success of holding.

[maxreish]

Its all about in a good management plan. As for me, my daily needs has been separated with my funds of holding. I make sure, when I set a goal profit it will be stick to that plan and will never sell it off at deficit price.

When there are times that I badly needed money for an urgent situation, there is a separate fund for that. However, I understand others that needed to sell off some of their bitcoin to compensate their needs. As long as it is for a better solution, there will always a good chance to accumulate more bitcoin if market corrections occur.