holding is not an easy thing

[johnwest]

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.

Totally agree with you.. It's been my mantra for all these years and this alt season, am gonna sell what I don't need or maybe those who don't deserve to be held. I sold some OKB yesterday and Waves is pumping right now so might be its Waves turn today. Utrust has also pumped with some volume but didn't go up as much as I had expected so waiting for that.

I would probably hold BTC, ETH, and USDT for most of my portfolio, and then it will be BNB and maybe some top alts, that's all.

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[ReiMomo]

~snip~
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.

That is a better advantage for them while investing they had I guess a lot of money, they don't bother to sell their crypto assets because they had a different source of income. They always afford what they invest because for them, that is a small amount aside for their own pocket.

When we are talking about the rich vs poor mindset, it's totally different. Because rich people always think that risking money to have always a great opportunity and ready to commit is rich. They are the very opposite thing.

So basically, investment in crypto was depended on your financial status.

[Reid]

Wrong. It's not only for the rich.
It comes down to how you will manage it.

You don't buy coins using your budget for daily needs. You buy them with your excess money instead of keeping them in banks.
That way, you want to make a profit by taking some risk. Fear is what makes others sell. Greed could also be one reason behind it.
I had been holding Ethereum for a long time and it didn't occur to me that this kind of value will happen.
My target was $1k but I didn't sell. Why? Because I don't need it yet, that's my spare money that was used to buy it and now it's still growing.

[blckhawk]

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.

Well, I knew this feeling where you have difficulties holding your money because there will be a time that you need money but you've got nothing so you'd pull your investment and use it. However, you don't need to invest and hold all of your money, diversify your money would be a good solution for this one, the money you should only have to hold in crypto is your savings instead of sitting it in the bank. Besides, you don't need to hold your it for a long time just set your target profit, in that way you won't have a problem managing your funds.

[Viscore]

Rich people will be getting richer as they will continue to grow their business and invest more. They never think about spending but most likely they are focus to grow their portfolio which very different from how poor people do. But this doesn't mean those poor people can't do the holding, of course, they can make it but the question is how long they can manage to hold their fund with pulling it out in times of difficulties. In times when we don't have any option to take. This is very challenging on the part of them but for the rich people, it is very easy for them.

[javainn]

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.

Therefore, when we see that hold is very difficult to do, we are advised to use idle money, or free money. because our economy does not know the future, so when we need money we are not burdened because we hold

[Kez1817]

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.

Holding is good not only for the rich people but also for those financially capable and with a lot of patience. Holding is not appropriate to the people who just trade to earn a little profit from their small capital daily.  What if the value of token you hold suddenly drop down? Of course you need to wait for it to pump again to avoid loses. It also takes time.

[deadthings]

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.

Holding is good not only for the rich people but also for those financially capable and with a lot of patience. Holding is not appropriate to the people who just trade to earn a little profit from their small capital daily.  What if the value of token you hold suddenly drop down? Of course you need to wait for it to pump again to avoid loses. It also takes time.

This is a very accurate perspective. Down times for other may just be few losses of coins but for others it is losing everything they have. Holding is not easy, but is more difficult for other to do and take its consequences.

[Talentless]

Well for me personally HODL was always easy, cause i just forget about it and live my life like nothing happened. For the ones who cant seem to keep their hands off - I offer you staking with high penalties, like HEX. Or maybe you are investing too much in terms of % of your income, thus you cant keep up with unexpected life demands. Always have some money on the side, invest only the extra money you have.

[carlisle1]

Wrong. It's not only for the rich.
It comes down to how you will manage it.

You don't buy coins using your budget for daily needs. You buy them with your excess money instead of keeping them in banks.
That way, you want to make a profit by taking some risk. Fear is what makes others sell. Greed could also be one reason behind it.
I had been holding Ethereum for a long time and it didn't occur to me that this kind of value will happen.
My target was $1k but I didn't sell. Why? Because I don't need it yet, that's my spare money that was used to buy it and now it's still growing.

Planning your investment will help you to survive whatever kind of trends are happening inside the market.

You said it right, using spare money mostly the key factor by those who managed to maximize their profits, they are not in need as they continue
holding their asset and see how huge the market brings to them.

If you have that same invested money, there's no need doing anything. Keep your investment for long term journey and it will materialized favoring you.

[noorman0]

Holding on will be difficult if you start all at once, because you will think the money you are using is quite large even though you don't need it at that time. The most helpful strategy for long-term hold is to use a small portion of each trading profit to accumulate 1 good crypto incrementally but consistently by choosing the right timing (ie, any corrections) and placing it in a different wallet.

[wxa7115]

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.

You are completely wrong, holding is for those that understand the nature of investing, if you are invested in the best asset in the entire world then why sell it? What can you get out of it that is going to better than what you already have? Nothing, and with that in mind it is incredibly easy to keep holding.

Also we need to learn to take responsibility for our actions, to me you are trying to justify the behavior of the people that sold their coins for a bad price when you say holding is only for the rich, holding is for everyone and if you cannot do it then you need to figure out why before it is too late and the price of bitcoin becomes prohibitively high.

[Sinjokubhi]

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.

Not really, holding should not be for the rich, but what is true is for those who are able to be patient. Actually holding is not about buying it and forgetting it. Although not as often as when you trade, holding also needs to be considered, which is about the coin or currency that you hold, if the coin is promising and has been listed on a top exchange, such as Bitcoin, you don't need to worry, it will lose your capital, because the price can be. back to normal and up quickly. However, if you are holding a new currency, you also need to pay attention to it, the same as trading, because in the future the coin will be unpredictable in the future.

Do not take too long to sell it, provided that you have earned enough profit for yourself. If demanded by your needs, I think it is very difficult to hold your coins to continue to be invested. Therefore, do not invest all your money, save half of your money for sudden needs later. Even if it's lacking, you can also take part of the profits you get through the holding coin. Do not sell everything, just take the profits, for your initial capital, you can still maintain it to continue your investment.

[irsykes]

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.

Buy and forget, not only who rich but almost all people can do it. Holding really best to do if people already fulfilled their daily needs and first thing that people always warn is only use free money which is we wouldn't use it to anything. I think a lot of people already know how to manage their money so holding is not a problem for everyone nowadays.

[vennali]

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.

If you arent rich, it completely depends on how much do you believe in the crypto or stock. ETH was kinda bound to rise as there were talks since ages about how under valued it is compared to Bitcoin. Another issue that was holding it back was the tx fees which are still pretty high but people are able to look past the barrier and into the crypto in itself. Raising its demand. IF you are looking to gamble and you cant afford to lose, because of the pressure you tend to take higher risks for higher rewards. This time around its been mostly greens for even the riskier cryptos and I'm sure a lot of traders were handsomely rewarded for hodling.

[dimonstration]

Holding on will be difficult if you start all at once, because you will think the money you are using is quite large even though you don't need it at that time. The most helpful strategy for long-term hold is to use a small portion of each trading profit to accumulate 1 good crypto incrementally but consistently by choosing the right timing (ie, any corrections) and placing it in a different wallet.

Setting up amount to save and watching  them grow will motivated you to start to save and save again and again, it’s hard at first but when we able to see how much we already save we will be inspired or addicted to have more or to acquire more. It is hard but everything hard can-be worth trying. Being prepared is better than not having anything when we totally need it so keep holding till the price increases or till the time we need it to use.

[Yatsan]

Holding is really a big thing specially when it comes to crypto for the prices of different coins can have the potential to exponentially increase which is good for you can attain profit once you endure the temptation of selling and waiting for a perfect time to let loose and obtain your profit. But that is just easy to be stated for we are having different scenarios and enduring such is not an easy thing to be done but that is fine. As long as you can endure, then hold, but if the need is calling for you to sell, then do it. Do not make yourself suffer for you still have plenty of times to try again the next time around.

[Hypnosis00]

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.

Everyone has a different target for investment either short-term ( 1 year), and long-term investment (5 or more). I really don't know why but people are much more comfortable with a short-term deal, this might be because of the volatility of the market? Or they are badly in need of money that they need to pull out their money (this often happens to the poor people). And it can't deny that rich people would even willing to wait for many years holding as they don't have any problem financially unlike the others.

[livingfree]

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.

You're good to sell for your needs, there's no one that stops you to hold forever. The reason why you hold is to sustain some things that you need or get at least a profit from the market.

But it's a better strategy if you have other things that refers to be your source. Holding is for everyone who's low and high, that's why it's a strategy that can be done even with small investors.

[goaldigger]

Holding good coins is not easy especially if you plan to hold in the next 3 years at first but life forces you to make a big decision on selling that holdings to support for your needs.

I do experience a lot of this and right now I regret some of those big decision before but i have no choice that time so I have to move on now and start buying again. I’ve learned from this experience that good coins will always come and you can always buy then any time so keep working and never give up just because you sold early, that’s still a good profit.