Data-driven or Emotional driven Bitcoin holder?

[Wiwo]

Be a data-driven Bitcoin holder or an emotionally attached Bitcoin holder, these two terms have constantly played a big role in the bitcoin market and its future growth as they both have a strong stitch on Bitcoin.
What is data-driven?
I data-based information is information collected from past events and happening which are stored for future reference and usage.
What is Emotional driven?
Emotional driven is the attitude of getting emotionally attached to a situation be it presents or past happening.
Analysis
Both data and emotion play a similar role in our decision-making process most especially in a statically oriented asset such as Bitcoin quite a large number of Bitcoin investors/holders rely on data collected from past events to make the decision. But again a large number of bitcoin holders are carried away by emotions without any reference to past data but just on their feelings and experience. Data-driven will help to make an accurate prediction e.g when Bitcoin is on the correctional stage, going through past data will help you to know how the previous correction stage went so you have a guide, But emotional driven will force the holder to jump on the bandwagon and panic sale.
It is better to be a data-driven Bitcoin holder rather than being carried away by emotions.

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[pooya87]

I don't think you can call someone who is making emotional (that also suggests irrational) decisions a "holder". Such people don't hold on to anything and are always affected by their environment in a negative way. For example in case of bitcoin anyone who is irrational will panic sell as soon as they hear even the weakest FUDs.

I data-based information is information collected from past events and happening which are stored for future reference and usage.

Past behavior doesn't guarantee future repetition. If it were otherwise we should have seen every altcoin succeed since in the past they have all gotten pumps and with that logic the same pumps should repeat but the reality is that despite past behavior the altcoins dump in their respective future and many of them are already dead.

Any rational and logical decision should be based on what Bitcoin offers. Its utilities and its potential in long term. Not so much based on looking at past market behavior even though that can be helpful to some extent.

[mk4]

Doesn't make that much sense. The point of 'hodling' is to hold your coins regardless of what the "data" says and what your emotions are. Buying/selling your coins based on either is more akin to traders rather than hodlers.

[Wexnident]

Isn't the reason why people hodl is because they believe the value of the asset is still far from what it currently is? I don't believe emotions or data has something to relate with that, though data may be argued about, it is still honestly something that won't really be used since well, you're judging something off in the future. Emotion on the other hand, I don't even think holders would consider emotion when holding, after all, a volatile market could cause an emotional person to have impulsive judgments.

[Kakmakr]

The data-driven holders are basing their decisions on something that are not fixed... so it is worthless too. You cannot say that any previous event will play out the same EVERY time. Let's just take the previous Halvings as an example of what I am saying.

Most people are under the impression that a Halving will increase the demand and also the price, but that is not true for every Halving. A lot of times the Halving happens at the same time when there are another event that are pushing the price down... this cancel out any spike that might have occurred as a result of the Halving. 

[Wiwo]

The data-driven holders are basing their decisions on something that are not fixed... so it is worthless too. You cannot say that any previous event will play out the same EVERY time. Let's just take the previous Halvings as an example of what I am saying.

Most people are under the impression that a Halving will increase the demand and also the price, but that is not true for every Halving. A lot of times the Halving happens at the same time when there are another event that are pushing the price down... this cancel out any spike that might have occurred as a result of the Halving. 

Well the halving was not based on any data, why because if you take the previous Bitcoin halving and study it data properly you will see that price did not just rise immediately after the halving, some time was given and halving was never a guarantee of increase demands even if the supply is reduced.

[Baofeng]

The data-driven holders are basing their decisions on something that are not fixed... so it is worthless too. You cannot say that any previous event will play out the same EVERY time. Let's just take the previous Halvings as an example of what I am saying.

Most people are under the impression that a Halving will increase the demand and also the price, but that is not true for every Halving. A lot of times the Halving happens at the same time when there are another event that are pushing the price down... this cancel out any spike that might have occurred as a result of the Halving. 

Well the halving was not based on any data, why because if you take the previous Bitcoin halving and study it data properly you will see that price did not just rise immediately after the halving, some time was given and halving was never a guarantee of increase demands even if the supply is reduced.

Obviously, you are right the price didn't rise immediately, but it was a gradual rise peaking at a new all time high. But if you are going to look at those previous data, indeed halving was a catalyst I would say.

As far as data-driven data or pure emotions, I think their is a thin line between the two.

How many investors are looking for data? or just buying and selling through emotions?

[hatshepsut93]

The advice of taking emotions out of trading has been given here countless times, no need to post it again.

"Data-driven" hodling or rather trading is not as popular as you might think. There's a lot of models based on past performance, and they are all too inaccurate for any practical purpose. There really is no good way to predict the short term price, if there was such method, you could become insanely rich by applying it to volatile markets, and there is no extremely rich people who made their money with daytrading.

[fiulpro]

The emotional holders generally get out of the market quite fast ⏩ since either they :
Believe FUD's
Panic sell
Therefore they are not going to last in the market. But on the other hand we have investors based on the data science as well for them I do think that :
They usually do well with trading and investing
They don't spread FUD's and give right information ℹ️
They understand that as long as they *don't encash they don't loose*
They keep a track of the market as well and news 🗞️ which is extremely important.

/Then comes the passive holders as well who have investments in Bitcoins and then they forget about them/

[pawanjain]

Be a data-driven Bitcoin holder or an emotionally attached Bitcoin holder, these two terms have constantly played a big role in the bitcoin market and its future growth as they both have a strong stitch on Bitcoin.
What is data-driven?
I data-based information is information collected from past events and happening which are stored for future reference and usage.
What is Emotional driven?
Emotional driven is the attitude of getting emotionally attached to a situation be it presents or past happening.
Analysis
Both data and emotion play a similar role in our decision-making process most especially in a statically oriented asset such as Bitcoin quite a large number of Bitcoin investors/holders rely on data collected from past events to make the decision. But again a large number of bitcoin holders are carried away by emotions without any reference to past data but just on their feelings and experience. Data-driven will help to make an accurate prediction e.g when Bitcoin is on the correctional stage, going through past data will help you to know how the previous correction stage went so you have a guide, But emotional driven will force the holder to jump on the bandwagon and panic sale.
It is better to be a data-driven Bitcoin holder rather than being carried away by emotions.

It is not necessary that an emotion driven bitcoin holder only does a panic sell when such a negative scenario arises.
An emotional bitcoin holder can also hold strong in the dumps because he knows that bitcoin will always bounce back.
So his emotions are strong and that makes him hold strong until bitcoin price recovers. At least that is what happening to me.
I always believe that bitcoin price bounces back every time which is why I am holding strong.
So I guess it is good to be an emotional bitcoin holder after all.

[TheNineClub]

I am an emotionally driven holder, and that mostly comes down to me investing in crypto because of believing in the concept and not getting in to get something out of it per se. That doesn't mean that, if I do invest in something, I play only with my heart, but it does mean that I wholeheartedly believe in what I do invest after doing my research. One is nothing without the other.

[RILWAN]

I am an emotionally driven holder, and that mostly comes down to me investing in crypto because of believing in the concept and not getting in to get something out of it per se. That doesn't mean that, if I do invest in something, I play only with my heart, but it does mean that I wholeheartedly believe in what I do invest after doing my research. One is nothing without the other.

Risk Management is the fundamental tool in any investment as the cryptocurrency market is dominated by uncertainties and unstable price movement, but it is better to be just a holder and not a passive holder who only holds what you can afford.