holding is not an easy thing

[Astvile]

this brings me to the question of maybe holding is for the rich who can afford to buy and forget. ?

I personally think no. Anyone can buy and forget it just varies with the amount. Of course, the riches will surely have bigger holdings and won't have any problem on where they will get the money tomorrow to continue living. It all comes down to discipline and budget planning. Me personally I don't earn that big anymore but I still able to hold some BTC, ETH, and some top coins right now without the problem of thinking about how can I sustain my daily needs tomorrow. Allocate budget smartly on things you are spending, invest what you can afford to lose, cryptocurrency is a high-risk high reward type of investment you can earn more than 100x of your money in the long run and it doesn't matter how big or small your holding is.

[Questat]

Holding is easy if you know how to choose the right potentials coin that you are going to hold in the long term.
But if your not sure about the coins you are planning to hold in the long term and don't any knowledge about it, surely your
confidence will not take longer of waiting were in the end end you will become impatient in short for it.

You would only know it's right if it's already giving you a profit, you just have to be practical, don't invest everything, or don't put your eggs in one basket. Even with the most popular coins in the market, there's no assurance that you'll be profitable, so when investing, make sure you know how to diversify your investment.

[Mr.Scott]

I'm holding all the way. Bitcoin is on a downtrend and it's pulling down different coins with it. It bounce back a little further and or just fall through and we will see a significant crash but either way i'm holding. I'm currently doing that with Bitcoin and some others and I only look at the long term investments. It's not as simple as I stand up yet I already motivated to make this happen.

[ancafe]

At times like this, holding back the coins we have collected will become even more difficult. yeah, the market is currently in red. everyone who panics will sell their assets, while the only ones who remain are the people who believe in cryptocurrency. seeing the bitcoin price drop below $ 40k has a big effect on altcoins, and most people are holding onto altcoins right now.

[nowfall03]

I realize it was an extraordinary assistance for me in ready to tackled the monetary issue during around then. At the point when the day by day schedules tackle your monetary then sadly we need to utilize the investment funds from our various sources like holding resources. The economy found us napping actually so if its conceivable to land two positions while you contribute a tad bit of your pay to BTC will in any case be worth and this is the place where you truly can hold certainly.

[Alisha-k]

Taking profit at every level isn't really a bad innovation but it would be more profitable to buy more when you have the opportunity and resources after taking some profit off. Crypto investing should be for people who has other source of revenue so they wouldn't depend solely on their investment for survival

[ahsanif]

depending on the situation, for example when reach all time higher then there's a drop it will be difficult to keep holding because people will think of taking a profit but i recommend don't sell all asset

[zanezane]

depending on the situation, for example when reach all time higher then there's a drop it will be difficult to keep holding because people will think of taking a profit but i recommend don't sell all asset

Why would you sell when the prices drop when you could've sold when the prices reached the all time high. Also you are right that it depends on the situation but sometimes what's currently happening sometimes isn't the right time to sell. Only way to hodl for a long-term is if you have other means of making money so you won't have to use your bitcoin.

[kapalmabur]

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 use money for everyday life and buy crypto currency only for HOLD, of course it is sad,
HOLD can not necessarily make you rich mate, look now on the market, if you buy Bitcoin at $ 50k now you can only cry ,
because Bitcoin dumps 40% a day, it's sad, isn't it?

[lienfaye]

if you use money for everyday life and buy crypto currency only for HOLD, of course it is sad,
HOLD can not necessarily make you rich mate, look now on the market, if you buy Bitcoin at $ 50k now you can only cry ,
because Bitcoin dumps 40% a day, it's sad, isn't it?

Thats the risk of buying at peak price since the market is unpredicted. However as long as you dont sell, your asset is still intact, you dont lose anything and thats the importance of holding. Wait patiently until the price reach your desired value.

On the other side investing the money needed for everyday needs are really not advisable. How can you hold if you already need the money? Holding is not only for rich people, anyone can do it as long as you're determine and has a set goal. Investing the money you dont need for long period so you wont be tempted to sell.

[Smartvirus]

Out of the greatest risk comes the greatest reward, so they say. Hodling itself might not seem like a very great risk as far as cryptos like bitcoin is concerned but, its got a risk factor too. That is in the sense that, it could go down and never come up again. Is that even possible? I doubt, it especially for bitcoin. On other coins, it just might but bitcoin seems a lot far from it. Well, thats one issue with holding then,
You can talk of the of the daily needs. As long as one is living, there would always be a need that requires satisfying and which ever investment avail to the individual is a great source. As to this fact, a lot of persons finds it extremely difficult to hold a coin for over 365days.

[carlfebz2]

Out of the greatest risk comes the greatest reward, so they say. Hodling itself might not seem like a very great risk as far as cryptos like bitcoin is concerned but, its got a risk factor too. That is in the sense that, it could go down and never come up again. Is that even possible? I doubt, it especially for bitcoin. On other coins, it just might but bitcoin seems a lot far from it. Well, thats one issue with holding then,
You can talk of the of the daily needs. As long as one is living, there would always be a need that requires satisfying and which ever investment avail to the individual is a great source. As to this fact, a lot of persons finds it extremely difficult to hold a coin for over 365days.

Only to those who do have great faith and trust on a certain project is to those someone who could really make out the resistance of panic selling specially into these kind of times where the market is on deep reds.

Holding is not really an easy thing if you are a type of person which is a bit impulsive on making out decisions basing or seeing current events in the market.

If you cant hold then its better to make out shorter trades and now is the best time to buy out some coins which are on sale. 

[Smitty Werben Man Jensen]

if you use money for everyday life and buy crypto currency only for HOLD, of course it is sad,
HOLD can not necessarily make you rich mate, look now on the market, if you buy Bitcoin at $ 50k now you can only cry ,
because Bitcoin dumps 40% a day, it's sad, isn't it?

Thats the risk of buying at peak price since the market is unpredicted. However as long as you dont sell, your asset is still intact, you dont lose anything and thats the importance of holding. Wait patiently until the price reach your desired value.

On the other side investing the money needed for everyday needs are really not advisable. How can you hold if you already need the money? Holding is not only for rich people, anyone can do it as long as you're determine and has a set goal. Investing the money you dont need for long period so you wont be tempted to sell.

if the holder is not a rich person then that is the risk he has to accept, holder is a winner is stupid words,
if you believe that then you are wrong, if you enter the current price everything is already expensive! yes I know people who say that are people who have bought them at a cheap price!
Then what if you bought Ethereum at $ 4000? Holder is a winner? LoL

[Distinctin]

snipped

Thats the risk of buying at peak price since the market is unpredicted. However as long as you dont sell, your asset is still intact, you dont lose anything and thats the importance of holding. Wait patiently until the price reach your desired value.

On the other side investing the money needed for everyday needs are really not advisable. How can you hold if you already need the money? Holding is not only for rich people, anyone can do it as long as you're determine and has a set goal. Investing the money you dont need for long period so you wont be tempted to sell.

Then that is to advise that invest only the amount that we can afford to lose. It won't a big deal for rich people if they were able to see that the price will decline as they can manage to hold it but this could be a challenge for those who just rely on the profit that they got from their investment for their daily needs. And the selling could be their temptation, and it is too hard to manage our emotions if that will be the case.

[blackened515]

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.

This is one of the many scenario where people lost their money through holding for long term, there are many coin that if you didn't follow them on telegram group for latest informations and updates, I have lost money because I was deformed about coin swapping to new coin. This advise is necessary as a holder to follow up the coin you are holding on telegram group as well as all social media pages to get any latest development on the coin.

[Maslate]

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.

This is one of the many scenario where people lost their money through holding for long term, there are many coin that if you didn't follow them on telegram group for latest informations and updates, I have lost money because I was deformed about coin swapping to new coin. This advise is necessary as a holder to follow up the coin you are holding on telegram group as well as all social media pages to get any latest development on the coin.

But if you are just investing in Bitcoin or Ethereum which was known to be a long-term investment, I don't think about losing is near to possibility but probably it is more on the positive side (profiting). But many investors and holders had been tricked out by the market. Many are buying cheap shitcoins as they think that they can get x5, x10 profit (base on the market promotions) but it was very unfortunate that instead of having a good profit, they only got losses.

[wayaneka]

Dont holding for daily needs but for longterm investment. Before decide to holding any coin, we should be know what the currrently of trend crypto market. Based on historycal price and trend of crypto market, in my opinion right now is good decision to start to holding some strong coin. If we back  afew years ago, in 2016 and in the beginning of 2017 is good times to holding, but in the beginning of 2018 the bearish market started, so bad decision to hold crypto. Start hold now and do it for minimum 1 year , should be promising good profit because now is the beginning of bullish market. 

[dezoel]

It is not easy to keep it, especially if you have invested a large amount and, for example, you urgently need to make repairs or buy a new phone, especially when your investment wallet is profitable, there is a very strong desire to withdraw the margin and leave the wallet to grow further, but you must always have patience and restraint ...

That's right but in such situations when you need money, one should sell a part of coins profits instead of touching the original investment. Let's say you invested $1000 and you have a $100 profit now and you need some money then better withdraw from the $100 instead of touching the original 1k. If possible avoid even touching the profits because you will have exponential growth if you invest the profits too.

When you invest for long time always remember to just invest what you have spare or you don't need in near future. If you are investing your salary then you will always be in a dilemma whether I should cash my profits and investment or how to proceed because you need that money to regulate life and daily activities.

[livingfree]

Dont holding for daily needs but for longterm investment.

Well, you really can't hold if your plan is just to use it for your daily needs. The perfect strategy when you're holding is to put that money into no use but as an investment, we both agree about it as long term and you won't going to use that until it has made profit.

Before decide to holding any coin, we should be know what the currrently of trend crypto market.

And just as the trend today, it's a downtrend. Holders are losing patience because all they see are bloods everywhere but only the most patient holders will win against this red days.

[molsewid]

Dont holding for daily needs but for longterm investment. Before decide to holding any coin, we should be know what the currrently of trend crypto market. Based on historycal price and trend of crypto market, in my opinion right now is good decision to start to holding some strong coin. If we back  afew years ago, in 2016 and in the beginning of 2017 is good times to holding, but in the beginning of 2018 the bearish market started, so bad decision to hold crypto. Start hold now and do it for minimum 1 year , should be promising good profit because now is the beginning of bullish market. 

I both disagree and agree. I disagree to your first point when you said that hold for long term investment. I think if you wise enough and always keep yourself updated from the rate then maybe it's better to check the possible rate the next day and if high then go for investing. I agree when you said start hold now and do it for 1 year. But you also said in the last part thay this is bullish market and it's true.