Issa56
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May 05, 2021, 09:31:01 PM |
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From the little experience am having holding a coin is not really a easy task because our daily need won't really make it easy to hold I believe am having thesame problem, I find holding a coin a difficult task because of my daily need when you make up your mind that you want to hold a coin due to your daily need and you don't have any other way to get money from you might endup selling little from the coin you are hold and that is how it really start till you sell all the coin you plan on hold. Have been thinking about where you can just keep your coin and forget about it but have not seen anywhere yet. Seriously only the strong can hold a coin.
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darewaller
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May 05, 2021, 09:40:32 PM |
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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.
Depends on who you ask? For me holding is quite easy, I do literally nothing when I hold, it is the easiest thing in the world. Some people panic and they sell, some people get hyped and buy with everything they own, and those people are not emotionally ready to be an investor that is the only problem, I personally do not see that as a problem, I believe it is not really a problem at all because all I have to do is live my life like nothing changed and that’s it. I am not super rich or anything but I bought bitcoin when it was under 10k and I made a good amount of profit thanks to that, I also invested into BNB when it was 37 dollars so that was a good one as well, both of which made me a good profit yet I never sold nor had to do anything, I just keep them in my wallet and move on with my life, it is quite simple. I understand others, but if you reach to this mindset, it will become easy.
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Questat
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May 05, 2021, 10:00:58 PM |
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I got the point. Holding is just a simple word but doing that as an actual strategy, it's not that easy to handle on the way.
Others will say, just hold and forget. But even after 5 years, they will see those coins as undervalued or the worst, dead.
This hold until 5 to 10 years strategy should only be applied at those dominant coins over years.
That is really matters if what coin that we have to hold. I commit myself to make it a habit but I use not put a time frame of how long I'm going to hold because that also depends on the market situation and since we are looking for a good price, we have to sell it when finally got the profit. Having 5 years, 10 years on holding, it is probably not what I expecting for the holders, I'm not sure if someone can afford to do it.
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kolbalish
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May 06, 2021, 03:32:35 PM |
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Yep, of course, holding is not an easy task. Even trading is not simple. Hold, of course, we do for a long duration. This is the time we spend in a state of anxiety. It is not apparent to announce when the market circumstance is. Many times it is glimpsed that it is not going to be sold when it is needed. Furthermore, even if the price is high, there is no route to sell. Many periods the price of the coin never goes up again. All in all, one has to handle a dilemma. So literally holding is not an easy thing.
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FanEagle
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May 06, 2021, 05:25:18 PM |
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Yep, of course, holding is not an easy task. Even trading is not simple. Hold, of course, we do for a long duration. This is the time we spend in a state of anxiety. It is not apparent to announce when the market circumstance is. Many times it is glimpsed that it is not going to be sold when it is needed. Furthermore, even if the price is high, there is no route to sell. Many periods the price of the coin never goes up again. All in all, one has to handle a dilemma. So literally holding is not an easy thing.
Well, if you are spending that time in anxiety that is the problem right there, you need to learn about how you should not be feeling any anxiety at all and you will see that holding is a lot easier in that situation. I am not saying that it will be a piece of cake, of course it is going to be difficult but I believe it is not that difficult, I believe it is quite easy when you do not feel anything about it. Problem with anxiety is that if you let it overtake you, you can't do anything in your life and not just crypto holding and that is why you have to learn to calm that down. I know it is not easy but at least if you know where to focus your situation, you could make some profit holding and can do that easier. I used to have the same feeling, after a while it became such normal feeling that I literally started to just ignore all my holdings when they go down or up.
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justdimin
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May 06, 2021, 06:29:59 PM |
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I got the point. Holding is just a simple word but doing that as an actual strategy, it's not that easy to handle on the way.
Others will say, just hold and forget. But even after 5 years, they will see those coins as undervalued or the worst, dead.
This hold until 5 to 10 years strategy should only be applied at those dominant coins over years.
Yeah, I agree that holding must be a kind of strategy hence we need to plan up many things to make it work for us properly. We cannot plan up for holding for years simply because what we are going to invest needs to be locked for years hence we must have some other sources to compensate what we are going to lock for years. I guess this is the point where many people are mistaking with holding which finally leading them to disturb their long term holding plans.
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Imran232
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May 06, 2021, 07:18:08 PM |
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I think this is normal. Because everyone is facing this problem. That's why we should find a problem according to our self. Maybe thats why lots of people still working after investing in bitcoin or crypto. They might spend money from there job for there daily needs. Maybe this could be a strategy or we might be use another strategy like we can invest our 50-70% for holding 30% for our family needs. This might be little tough but we can check this. And in such case if we badly need money then we can sell some from our investment. I got this idea if others shares his opinion who says that might be interesting. Thank you.
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Saniati
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May 06, 2021, 07:23:11 PM |
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Yes, that's correct and it happen with middle class people but you can buy after profit you can hold profit amount then forget it like rich person😊
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pixie85
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May 06, 2021, 07:57:26 PM |
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It's important to understand that selling to be able to live and continue holding and trading is completely normal.
Say you hold 10 bitcoins and need to sell 1 to pay your bills for another 2 years and be able to stay at home trading. Most of us would do it. Even if Bitcoin goes up and you feel like you've lost an opportunity of holding that 1 additional coin, you have not. If you decided to hold everything and had to borrow money from people it would have been even worse.
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doomloop
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May 06, 2021, 08:01:04 PM |
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Maybe this could be a strategy or we might be use another strategy like we can invest our 50-70% for holding 30% for our family needs. This might be little tough but we can check this. And in such case if we badly need money then we can sell some from our investment. I got this idea if others shares his opinion who says that might be interesting. Thank you.
When you do not have any other income stream to cope up your monthly expenses then it would be better going for only up to 70% in long term holding. Still, there cannot be any restrictions you can cut your part of holding to realize into profits unlike how traditional banks are restricting, still leaving off with long term will definitely get you big returns when you are doing with bitcoin kind of reputed assets. Long term holding is also a trading strategy but we do not consider it so. We need to make our other things in a way which will not disturb our holding strategy. Otherwise, long term holding will convert itself like short term trading.
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BitTraderCute
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May 06, 2021, 10:43:53 PM |
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holder will have many pressure than daily trading, in journey of project developtment there will alot fud coming in group , some member trying to make fud so they will get cheap price from weak hand. when we decided as long term holder, mental and psychology preparation was be obligation for us.without it , i am sure we will got loss due become panickers.
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Mistafreeze
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May 07, 2021, 12:36:54 AM |
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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.
Hodling is the same thing as having a fixed deposit savings bank account where you throw in money you don't want to use for a long time and except some kind of interest, this practically goes to Altcoin investment if you don't have enough money there is no how you are going to hodl for a long time when you have bills to settle. You need more money to be a successful hodler.
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jrrsparkles
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May 07, 2021, 04:52:17 AM |
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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.
That is why we are billionaires, we should learn about the financial management on that savings and investments are not same they are here for different purposes but for an average joe its hard to keep enough savings while raising the capital to become an investor so the life cycle stuck in a situation which can't be unavoidable. Just be happy that you survived that day because of your investment.
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lablab03
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May 07, 2021, 05:15:48 AM |
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Yup i agree but however if you knew how long it will takes and what amount of profits you can make after all, perhaps all of the efforts you need to put in it isn't a waste of time which is still worth instead .. Because you know if you are a true holder you already have calculations about the outcome of your investment and of course know how to place the right time to buy and sell to make it easy hodling.. If your not like that then its very dangerous.
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Kong Hey Pakboy
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May 07, 2021, 05:55:16 AM |
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It is difficult to trade if you don't know how you handle your risks and you are only depending on that coin as a source of income, then probably it is difficult to hodl but if you have a job and your job can sustain your daily needs, then you can probably afford to hodl for a long time.
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Mistafreeze
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May 07, 2021, 08:03:25 AM |
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if you have a job and your job can sustain your daily needs, then you can probably afford to hodl for a long time.
Yeah this is the point you need a comfortable life to be able to hodl successfully if you have a well paying job then you can as well hodl for a long time without selling to sort out bills
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ice18
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May 07, 2021, 08:22:36 AM |
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Thats a very true OP I also have many experienced holding for some months and because of emergency reasons I sold my holdings and after some days it exploded thats why this altseason Im holding as possible I can so that returns are good enough same thing happens to my friend I chatted yesterday he hold almost 1.6m of telcoin for almost 2 years and he sold it last year what unfortunate the price pump hard in the last few days.
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RealMalatesta
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May 07, 2021, 08:25:12 AM |
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you know if you are a true holder you already have calculations about the outcome of your investment and of course know how to place the right time to buy and sell to make it easy hodling.
Theoretically what you are saying is possible but when it coms against market fluctuations then you need to re-evaluate everything time to time so that you could find chances for easy holding. Market may seem like trading too staring but suddenly it may correct which will makes all our calculations collapsed. This had happened to me many times. for an average joe its hard to keep enough savings while raising the capital to become an investor
But, when planning up with very small capital and that too with bitcoin investments then that may not remain too hard forever. Regular investment into bitcoins with long term holding plans, will definitely change our life toward millionaires.
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Tomtomwole (OP)
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May 07, 2021, 11:19:28 AM |
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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. i mentioned the point of having special needs to meet which is cogent and leads to selling what you planned to hold to settle the needs. this is the basis of the post. being a trader either day or long term follows a different, you dont need to hold for day trading else you will be swinging the trade. the point is that you cant hold when you a pressing issue to settle which involves money.
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Tomtomwole (OP)
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May 07, 2021, 11:23:33 AM |
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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. i mentioned the point of having special needs to meet which is cogent and leads to selling what you planned to hold to settle the needs. this is the basis of the post. being a trader either day or long term follows a different protocol, you dont need to hold for day trading else you will be swinging the trade. the point is that you cant hold when you a pressing issue to settle which involves money.
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