WHY HOLDING IS NECESSARY IN CRYPTO

[Rich222]

A lot of crypto currency investors see crypto currency in different ways some see crypto as  just buying and selling in other to achieve their everyday goals  and some as investment for the effective path of wealth and so on.

 form my own view why many crypto investors find it difficult in holding are:
1: Financial problem
2:Lack of making research about crypto before going into crypto
3: Always in a hurry to make quick money forgetting that there is no shortcut to Success
4:Not having a goal and Target
5: Not making your own decisions, you want to do because your friend did.
6:Lack of determination
7: Always having negative thought
8:Lack of vision
9: Inability to scarify (taking risk because crypto is all about risk)
10:Lack of plans ( invest all your life savings)
And so on.

NOTE: In other to become a successful investor or trader in crypto currency you must have the spirit of holding because must of the Successful investors you see today have a holding period for there coins.

[1714025799]

1714025799

[dbc23]

 form my own view why many crypto investors find it difficult in holding are:
1: Financial problem
2:Lack of making research about crypto before going into crypto
3: Always in a hurry to make quick money forgetting that there is no shortcut to Success
4:Not having a goal and Target
5: Not making your own decisions, you want to do because your friend did.
6:Lack of determination
7: Always having negative thought
8:Lack of vision
9: Inability to scarify (taking risk because crypto is all about risk)
10:Lack of plans ( invest all your life savings)
And so on.

This negative views from investors comes with their impatience and to be a crypto investor it means you one should have a reserved amount for investment not to touch it no matter the situation. It's called an investment for a reason. Investment are meant for long term yielding but most investors treat crypto investment as a mere business hoping to get a huge ROI within a very short time frame and they end up panicking when the market keeps declining which results in sell.

[Coyster]

Holding is not necessary in 'crypto', Hodling is necessary with Bitcoin, Do you know how many cryptocurrencies there are out there, many of which are shitcoins, pump and dump and short term projects, you will definitely run into loss in the long run if you hold 99% of them. Mind you also that we already even have a similar thread: how to hold with ease on the front page of this section, it really would have been better if you had this posted there.

[DevFile90]

Its better to do what works for you, I as a person prefer taking profits when I see one than holding for long term, so far it never works well for me but taking profits seem to be the best decisions I've ever made, holding isn't a must and it doesn't work for many.

[mk4]

People too focused on trying to hold but don't know what the heck the cryptocurrencies they're holding are in the first place.

If you're having trouble holding, then maybe you don't know what investing is, and you probably just picked some coins that's mentioned by some YouTuber.

[passwordnow]

Its better to do what works for you, I as a person prefer taking profits when I see one than holding for long term, so far it never works well for me but taking profits seem to be the best decisions I've ever made, holding isn't a must and it doesn't work for many.

This is right. If holding works for you, do hold. But if you prefer to earn and take profits in the short term then also do that and be a trader at anytime that you want.

Holding is not necessary in 'crypto', Hodling is necessary with Bitcoin

I agree on this. It's truly necessary for bitcoin while for generalization of holding crypto, you should determine on which of the altcoins are you going to hold for so long. Not all of them are going to be as good as what you're thinking and that's why you choose only the best altcoins that you know that will give you idea of its true potential.

[pooya87]

People too focused on trying to hold but don't know what the heck the cryptocurrencies they're holding are in the first place.

If you're having trouble holding, then maybe you don't know what investing is, and you probably just picked some coins that's mentioned by some YouTuber.

I have a feeling that 2018 is being repeated.
If you recall, when the altcoin dumping began and they continued losing more and more value, we kept seeing topics like this pop up where people encourage patience and holding of altcoins. Suffice it to say that they all lost from 80% of their value at best case scenarios like ETH and that went up to 99% for worse cases.

[cryptoaddictchie]

These are valid points. We cant totally controlled those who cant hold since fear is hard to beat especially they are worried on their asset to fall down. Thats normal, but when they enter something called investment then they should realize that this is part of the game. Some loses and some win within the series. Not everybody can have a courageous heart to take in.

[Mpamaegbu]

OP, numbers one and three are familiar spirits with (almost) every crypto investor.

Holding is not necessary in 'crypto', Hodling is necessary with Bitcoin

It's not as if we don't also have Bitcoin plummeting too. In fact, it's always bloody whenever Bitcoin dips. It has been behaving that way since this year. We've such a situation at hand right now. Bitcoin is literally digging for crude oil and currently at $34,820. Who knows, it may even get to $30k before reverting. Already, it's losing around 50% from its ATH. If it were any alt losing that much, the whole place would've been filled with people lambasting it.

[Coyster]

It's not as if we don't also have Bitcoin plummeting too. In fact, it's always bloody whenever Bitcoin dips. It has been behaving that way since this year. We've such a situation at hand right now. Bitcoin is literally digging for crude oil and currently at $34,820. Who knows, it may even get to $30k before reverting. Already, it's losing around 50% from its ATH. If it were any alt losing that much, the whole place would've been filled with people lambasting it.

Mind you that in my post i never stated that Bitcoin does not go through its own plunge/correction period, but here is the thing: Op is talking about holding, and that connotes long term investment, and when you talk of a coin that's sustainable for the long period in crypto, the first is Bitcoin (that is unarguable), it might not be the only one, but it has to be the most reliable for long term investment.

Having said that, there are quite a lot of altcoins, and as an investor the odds are already stacked against you from the beginning to pick the right one (maybe 3 out of 100, or 200...) Do not get me wrong, i am not saying there are no good alts out there, but the thing remains that majority of altcoins are only good for short term investment, again taking into consideration that OP's post was about holding, so Bitcoin should be the best 'offer'.

[GeorgeJohn]

From my perspective holding of a coin can only be possible if you have alternative means of generating income such as finance from another source, investors adventure into holding base on making cogent profit but if you invest all you have you  have you will be curious of obtaining profit and they will be a gravity of fear.

Investment with long duration, is meant for people that has reserve and people that have target, so any investor that's not much eager or develop fear over it's investment used a spell capital for it's investment, i know that investors have determination, and will be courageous if you invest for long term than adventuring into short term investment.

[Bitbtc8]

You are wrong only a newbie will hold on to coins and tokens with zero strategy for long term, this was me years ago holding on to all the coins and tokens i bought, earned and mined in the end 99% of them became worthless, since I changed to taking quick profits things have changed alot for me.

[masulum]

You are wrong only a newbie will hold on to coins and tokens with zero strategy for long term, this was me years ago holding on to all the coins and tokens i bought, earned and mined in the end 99% of them became worthless, since I changed to taking quick profits things have changed alot for me.

Holding is not about how many coins you can choose. However, how big is the potential of the coin if you hold it, is the most important. For example, my friend and I who hold BTC, have a much different total profit, where my friend makes more profit because of he holding his BTC since 2020. However, because I have financial problems as mentioned by the OP, so I have to sell my assets little by little. so the profits from trade is not really good.

Just like you, maybe if you hold tokens or coins other than BTC, of course you will feel that holding is a waste your money. But if you only hold BTC since 2019, you will get a much better profit than trading.

However, again, sometimes people who have good analytical accuracy can be more profitable than holding because they can carry out buying and selling activities to increase the number of assets they have. However, if they can't analyze it well, then holding is the most reasonable way to get maximum profit.

[Rockstarguy]

Holding seems to be very difficult for many investors when their is no steady income from other sources . To hodl is easy when money comes from different angles to solve daily financial burdens,  then one can peacefully hodl till anytime that is best for him to sell  the coin.
When an investor is investing more than his income to hodl it can also be a big challenge,  it is better to hold what is affordable.

[Daodex]

You can't just advice people to hold because you don't know the situations that everyone is in, we have different difficulties in life and hold won't work for many, it's not that easy as you think.