Discipline hodling altcoins in the face of challenges.

[Rruchi man]

 We all have a level of discipline when it comes to HODling but that discipline is tested by the the level of challenges we face. Everyone has challenges, true...but the challenges are different for everyone, some more peculiar to others.

 I had a conversation with a friend today who was excited that he was able to discipline himself, ignore the financial challenges he had and still was able to HODL  his many altcoins without selling even when he had some  pressing needs.

I agree that there will always be needs and challenges, but the big questions are?

Will you Judge someone who sold his altcoins in the face of a situation
which he did not see any way out of financially other than to liquidate some assets as not disciplined enough?

In the face of a life threatening situation that finance is the solution to, will you still hold on to your coins knowing that liquidating some or all will get you out of the situation? Or will you wait for help from above or somewhere else?

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[watergold]

which he did not see any way out of financially other than to liquidate some assets as not disciplined enough?

In the face of a life threatening situation that finance is the solution to, will you still hold on to your coins knowing that liquidating some or all will get you out of the situation? Or will you wait for help from above or somewhere else?

there is no written rule that says we should put aside our pressing interests and try to let go of our hold on altcoins. it is the rule made and determined by each individual.
so considering the urgency of the need I think everyone will do the same thing as he did. i.e. ending the Hold and breaking the rules made by yourself.

maybe it can be said to be undisciplined, to be honest, we've all been in that position.

[The Cryptovator]

Important questions, often I sold Bitcoin when I need it in real life. But for altcoin, I do not. For example, currently holding a few altcoins that dumped 2x from by bought price. But still, I do not sell it even I need money in real life. I manage it from another source. If you do not have another income source out of trading then it's quite complicated to encounter the challenge. Before that judgment, I will say, do not invest more than you can afford to lose. This means you will able to face any challenges in case of the dump. But yes, you selling it at loss mean you failed to manage that challenge. And of course, you are not disciplined enough if you need to liquidate some assets during the bear market, which means when you are at loss. If you were disciplined then you won't invest all of your liquid in an altcoin.

[kolonel_x]

Don't have other sources of income that you can use? because initially investing or becoming a holder is in the long term. I believe there are other alternatives so that the altcoins held are not simply sold at the expense of low prices.
Be a person who thinks for the future, because whatever it is, it's a shame if the altcoin you own has the potential to earn big profits.
it's about patience, and a deal in self-discipline to manage finances.

[speedforce]

Will you Judge someone who sold his altcoins in the face of a situation
which he did not see any way out of financially other than to liquidate some assets as not disciplined enough?

Why need to judge poeple, their money is their decisions, loss or profit he will take for himself too.
I always take some loss if i need urge with my real life, but i always make sure just to take what i need, not cash out all of it.
I think different people have different strategies, just dont be rude of it.

[Shallow]

Let me begin this way; when you need money what do you do if you have it? You access it and you use it. Yes, holding is very good and always encouraged but not when one is faced with situation which he see no way out, remember it is someone who is alive that will hold, it is also someone who is healthy that will think straight and make better decisions about holding.
So in my own personal opinion, holding doesn't always involves discipline all the time because there are situation which one might face and he will throw discipline to the mud and sell his assets to sort himself out. On the other hand, most people held many tokens which later turned to dust, what if the person sold those tokens in the early days and make profit before it turns to dust, will the person still remember there is anything like discipline holding?, I guess not, rather he will call it being smart.
So better still, it is wrong to say someone who sold his assets to take care of life pressing issues isn't discipline enough, because if he have other ways to sort it out, he will.
Lastly, I think if one have an issue, it is better to sell than looking for where to borrow from when it is clear some will even attach interest or ask for collateral.

[Quidat]

Don't have other sources of income that you can use? because initially investing or becoming a holder is in the long term. I believe there are other alternatives so that the altcoins held are not simply sold at the expense of low prices.
Be a person who thinks for the future, because whatever it is, it's a shame if the altcoin you own has the potential to earn big profits.
it's about patience, and a deal in self-discipline to manage finances.

There are instances in life which do give us no other option left but to sell out even with cheap prices specially if in talks of our daily living expense or simply you just want to sell out on a particular price even though the coin had been held does have the potential which is really a waste but since market is always
not guaranteed and unpredictable then its better not to regret at all because as long you do make out profit then that what surely counts.
Challenges are inevitable but doesnt mean that we do easily quit and better to find up ways than on giving up.

[zasad@]

I prefer to split this question into 2 parts.
If the hodler spends his altcoins on the purchase of those items or real estate, without which he can live. For example a new car.
If the hodler spends his altcoins is not the problem that needs to be solved now. For example, health problems.
In the first case, this is bad.

[dndfinance]

It depends on what you‘ve bought. If you buy Bitcoin, you shall not panic sell. Not a financial advice.

[Coin_trader]

It depends on what you‘ve bought. If you buy Bitcoin, you shall not panic sell. Not a financial advice.

Then stop replying post like that because it's a financial advice. 


Mistakes in trading varies on the perspective of people seeing it because we have different style and preferences in trading. The golden rule here was its ok to sell your coin when you are in profit. Some people forgot this logic that's why most of there trades results in loss due to uneducated holding of coins.

[inanilujimi]

when it comes to someone's life, of course I prefer to sell altcoins rather than having to look for other income that doesn't necessarily meet needs, investing in altcoins is what it's good for to meet emergency needs that can happen to myself or family at any time.

[lobo13hf]

I will never try to judge him. It's his decision and he has his own reason to sold his altcoin hodling. He has spent it for his own way and we have no right to judge it. his money and his decision and that's more than enough to explain anything. If he was making a bad decision and what we can do to learn from the decision that already taken by him.
that's enough

[wayaneka]

I never judge anyone, they are decided it for better thing. I did the samething, by sell in loss if I need money for urgent situation. But if dont need money for urgent,  I keep decided to holding. The samething that I did on 2018 when asset crashed to above 90%, Iam decided to keep holding it because I understand the future of cryptocurrency and blockchain technology, whic the real use case is increased in every years. I try to keep patient to holding because I dont want to stay poor.

[kojektea]

I will usually see price movements or see the latest news, some of my friends who are connected to the pope always have info for the future. Following them makes me able to minimize losses, The most important thing in trading is profit, no matter even if it is only 1% because taking more profit could be greed.

[OcTradism]

We all have a level of discipline when it comes to HODling but that discipline is tested by the the level of challenges we face. Everyone has challenges, true...but the challenges are different for everyone, some more peculiar to others.

Altcoins are risky and more speculative assets than Bitcoin. They are more risky than fiat currencies as well. If an investor invests in altcoins, the worst thing to do is use all capital for altcoins. It will be more terrible if chosen altcoins are shit coins or shit meme tokens. They will die very soon. Dogecoin is different because it is an old meme altcoin. The new meme tokens are born in this year will lose their price soon.

Another rule for hodlers. Withdraw their cryptocurrencies to non custodial wallets. Hodling relates to long term and store your crypto on exchanges too long is not good.

[ilovealtcoins]

In addition to discipline, experience and spare funds beyond established altcoins are also important. I see people going all in for one crypto will cut their losses because he wants to invest in another crypto with higher returns. People who have a lot of money to spare can also ignore the money they have bought for long-term holding. They have more money so their mind is better.
Those who have experienced a bear market will have a different way of holding than newcomers because their psychology is stable, they are more experienced.

[Reid]

Will you Judge someone who sold his altcoins in the face of a situation
which he did not see any way out of financially other than to liquidate some assets as not disciplined enough?

Basic question. No. Money is still money. Life is more important than it.

In the face of a life threatening situation that finance is the solution to, will you still hold on to your coins knowing that liquidating some or all will get you out of the situation? Or will you wait for help from above or somewhere else?

Again, no.
You have the capability to help yourself or help your family in a life-threatening situation so take it out, sell it.
Remember, there will always be a way to make money again and invest with new altcoins, or if you want you can buy it back someday.
If you are not breathing anymore, can you still do that?
I won't suggest loans too, because you are digging your grave slowly by doing that. Use whatever you have when it's needed even if it's for food on the table or the bills that need to be paid.

[rodskee]

We all have a level of discipline when it comes to HODling but that discipline is tested by the the level of challenges we face. Everyone has challenges, true...but the challenges are different for everyone, some more peculiar to others.

Lol if you are a Hodler you don't have to worry about your investing because the real Hodler invested a money that he can allowed to risk meaning excess funds that can be taken for granted for long time.

I had a conversation with a friend today who was excited that he was able to discipline himself, ignore the financial challenges he had and still was able to HODL  his many altcoins without selling even when he had some  pressing needs.

This is what i was telling , that if we are a hodler , the funds that we will put inside are the amount that we can think of already lost, which means even if we face financial issue in real life, the investments inside crypto will not be part of that burden.

I agree that there will always be needs and challenges, but the big questions are?

Will you Judge someone who sold his altcoins in the face of a situation
which he did not see any way out of financially other than to liquidate some assets as not disciplined enough?

In the face of a life threatening situation that finance is the solution to, will you still hold on to your coins knowing that liquidating some or all will get you out of the situation? Or will you wait for help from above or somewhere else?

I care nothing , and why would i Blame them ? its their funds then they will decide about that.

[VanDeinsberg12]

being diamond hand DOESN'T mean stupidly holding by not regarding any problem you face, what most of people meant by weak hands in holding are those people who just follow the pump and dump scheme and fall into the trap not because they are in some financial problem but because they are being too greedy and can't endure the dumping.
If the problem is life threatening as you mentioned, and liquidating your asset could save you, it's a no brainer that you should do that, you can earn money any other time but if your life or well being is in danger, I doubt you can earn money the other day.

[Bitcoinjheta]

I have a big respect to the holder's decision if they want to sell there coins over market condition or they stick to the plan to hodl coins for more years. Different strategies has different ways of earnings so focus on what coins you have in order to succeed better earnings over time.