holding is not an easy thing

[romero121]

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.

According to me holding is an easy task. Only thing one needs to do is enable all the possible safety features available for the wallet and keep it aside. When you need to do different procedures to take out the fund you'll not use it seriously. This is how I prefer to hold my crypto assets for long term.

Myself used to hold for certain time period, after that in the name of increasing the capital I withdraw and use it into gambling. This is the bad decision and if I've used on trading I could've earned good.

[sumant]

For me holding is not an easy task. Because if you holding a coin for 2 or 3 years, not easy to tackle with their pump or dump. Sometimes in pump you think that this price is enough to sell, if go lower it gives more problems what is happening now. Everybody in this world can not hold the coin perfectly. Holder always win the race. $150 usdt doge from 2015 has win the race at present time.

[imstillthebest]

what is the purpose of hodling when you are going to cash out it daily ? its not a big deal if price increases everyday but price falls too .
this will only make them more poorer  .
 what they need is to seperate the money that they will be needing in the real world from the money that they are going to invest . holding is an easy thing if you are commited because this dont require physical or mental work  

[mamahdedeh]

what is the purpose of hodling when you are going to cash out it daily ? its not a big deal if price increases everyday but price falls too .
this will only make them more poorer  .
 what they need is to seperate the money that they will be needing in the real world from the money that they are going to invest . holding is an easy thing if you are commited because this dont require physical or mental work  

investment is free money. therefore we must have met our needs and still have savings. and that is the money that should be used to invest. that way we will feel calm even though fluctuations occur, because what we use is like pocket money

[CryptopreneurBrainboss]

For me holding is not an easy task. Because if you holding a coin for 2 or 3 years, not easy to tackle with their pump or dump. Sometimes in pump you think that this price is enough to sell, if go lower it gives more problems what is happening now. Everybody in this world can not hold the coin perfectly. Holder always win the race. $150 usdt doge from 2015 has win the race at present time.

While holding has been the best strategy to stand a chance of making huge profit from the market lets not forget, we have tokens that have caused great losses by holding them. That's they lost their value over time, these tokens are numerous in number and majority are just coins that got hyped which means if you're interested in holding a coins, you have to have done your research properly and concluded the project is worth your years of time investment plus capital investment.

Many investors especially the noobs just buy any token they see trending with the hopes of it doing similar success stories like the doge, Bnb, bitcoin or Ethereum story forgetting that this coins that has increased this much had great community. They had community of believers and not those just wanting to make quick profits and move on. Which is one fo the similarities between the current shitcoin getting hyped and held by most newbies.

[EiKaGlaShPriSAThWEl]

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.

When I was on that situation it is really hard for me to let go of my coins especially if it is a good coin. But then I realized that if I insisted to hold it and not used it during times that I needed it the most, I may not be on where I am right now. Way back in college I used it in my thesis so I graduated on time. Maybe it did not happened if I hold it. After that, I got a job and since I am financially stable I can now hold my coins for a longer time without hesitation that I may sell it anytime again. So I think every situation has a purpose.

[MIner1448]

In fact, it is so, it is necessary to have the utmost patience in order to receive superprofits, taking into account the current volatility. I always try to consolidate profits, but it also often happens that I am in a hurry to drain everything, I try to fight this, because in fact, you can make even more profits.

[lienfaye]

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.

I have the same sentiments. I sold some of my coins not because I want to but because its needed for finances not knowing the value will grow and be worth huge.

Thats really painful but what else can I do? it already happened and cant turn back time. Now I have a firm decision to hold and forget, I can do better now since my financial status is somehow improve compared before that im always counting on my crypto earnings.

Holding is not easy but if you're determine to succeed using this strategy then you must be firm and forget that you have crypto investment until you reach your set target price to sell.

[isaac_clarke22]

I am not rich, but I don't feel that holding is something that is supposed to be worried about by me in the first place.
It sometimes depends on how you hodl, OP.
Did you convert almost all your money to crypto, then that is something that you should be really worried about.
Market is unstable in the first place and by knowing that you couldn't win at all times might make you change your mind on how much you should invest in here.

[Kittygalore]

In fact, it is so, it is necessary to have the utmost patience in order to receive superprofits, taking into account the current volatility. I always try to consolidate profits, but it also often happens that I am in a hurry to drain everything, I try to fight this, because in fact, you can make even more profits.

If you don't have any necessary expenses that need to be addressed then hodling is easy and it will be easier if you are busy doing other things that will get your mind out of thinking of selling your bitcoin. Distract yourself with other things so you don't have to think about all the time.

[Kelvinid]

I am not rich, but I don't feel that holding is something that is supposed to be worried about by me in the first place.
It sometimes depends on how you hodl, OP.

And it also depends on the situation and if that also is not our priority to HOLD rather than to focus on spending, it surely getting hard.

Holding or saving is really hard at first especially when you don't have other sources of income. But it could be habitual once you make it as our first priority. It just like we need to sacrifice others (wants) in order to do this otherwise, it remains just a dream and hopeless thing to do.

[Lucius]

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 really doesn't make sense to lack basic necessities, and at the same time have a significant amount of a cryptocurrency stored somewhere. Therefore, it is quite normal for people to do such things, especially those who cannot afford long-term investments. Here we come to the essence of your question, can the poor get rich with a little money invested - or do the rich get even richer just because they already have enough money to live life the way every person should live it?

I would not generalize what the outcome is for the poor, but there is a good chance that they are not able to profit like those who have a surplus of money to gamble, so to speak. I can definitely agree that holding is not an easy thing, for the poor for sure - but sometimes also for the rich who misjudge the moment and get caught up in the FUD.

[Ararbermas]

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.

actually it's not enough reason to sell off even you need some cash in your pocket just to sustain your daily needs .. Because if you really serious when it comes hodling then no matter what you will never touch it.. And if you really have the mindset of being true hodler it will never happen also in my opinion wherein until you achieve your goals even how long it will takes, it doesn't matter..

Unfortunately mostly now are not serious when it comes to this kind of investment and i agree what you've said above OP, Perhaps its a big lesson for them to take this seriously that's why they experience such things.. Too good to be true..
  

[Oceat]

what is the purpose of hodling when you are going to cash out it daily ? its not a big deal if price increases everyday but price falls too .
this will only make them more poorer  .
 what they need is to seperate the money that they will be needing in the real world from the money that they are going to invest . holding is an easy thing if you are commited because this dont require physical or mental work  

The thing here is that OP is depending only to his investment but at the same time it's his source of daily needs too. This is a very bad idea because just like what you said it's getting worse over time specially if the market suddenly dump. That's why the only way or recommendation I could give is to have another job that would sustain their daily needs. Then separate the investment only money and hodl it for a long term until Op is satisfied already with what price he'll be able to sell.

[repear7]

Long-term holding is the most difficult for me.  Honestly, I sold coins in dip lot of the time in the past.  However, I can explain the rules of holding.
  You have to believe in that currency.
  You need to analyze the previous market.
  And to sell that coin you have to take a price target. If you hold a coin for lifetime, it is worthless.

[bitgolden]

holding is for the rich who can afford to buy and forget. ?

No. Holding is for the people who plan up everything perfectly.

It means you may buy some $100 worth of bitcoins (for example) but you must plan up for $50 worth of bitcoin for $1 million target and $25 worth for $100k target and some $10 worth of bitcoin with 10% gain from your buying prices which maybe used for immediate commitments of your life.

So, without proper planning, never go for any investments which will definitely end up in hard regretting on either side. Like, if you choose a shit coin then you will regret for your bad decisions or if you invest into bitcoins but if you sell earlier then again will lead to regretting. But, when you sell along with your plans then you may avoid those hard feelings.

[Smitty Werben Man Jensen]

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 true that altcoin or bitcoin holding is something that is not easy, but holding when bullish is very profitable,
I suggest multiplying your coins during the bullish season, and look at the market now !, Bitcoin prices drop causing altcoins to drop drastically except for Doge and Ethereum,
buy coins that are still cheap now then HOLD, don't let you sell it at a low price

[FanEagle]

It is true that altcoin or bitcoin holding is something that is not easy, but holding when bullish is very profitable,
I suggest multiplying your coins during the bullish season, and look at the market now !, Bitcoin prices drop causing altcoins to drop drastically except for Doge and Ethereum,
buy coins that are still cheap now then HOLD, don't let you sell it at a low price

Holding in the times of bearish is too hard, I agree but you need to make use of dips then you will never find bearish markets as hard as looks now. It means you can do cost-averaging at the times of bearish markets. If you keep buying at dips along with holding, you will get cheaper buying prices for all your bitcoins in average. This is one simple method, most people are already into practice. Just learn and enjoy the benefits of long term holding among both bullish and bearish markets.

[tobi4255]

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.

Fund management is very important. I do similar strategy like you.
To me, sometimes when bad situation arrives it's difficult to maintain but i will try to maintain

[JooBra]

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.

I feel you since I had similar experience and with Covid around needed some money to take from crypto. Life comes first at the end so no bad feeling from me even I would have been in a big profit now.