Tips to Becoming a Successful Holder

[WellRozey]

Get yourself a job or other business that pays you and keeps you busy, do not keep looking at your wallets everyday because the temptation is real, at one time you can get tired of holding if the assets aren't pumping when you wanted.

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[Awaklara]

Get yourself a job or other business that pays you and keeps you busy, do not keep looking at your wallets everyday because the temptation is real, at one time you can get tired of holding if the assets aren't pumping when you wanted.

that is why if you want to hold assets in the long term. you must have good psychology. calm and patient.
there's no use not looking at the wallet when social media always reports on market developments. if you don't have good psychology, what happens is panic.
but everything is a process, when we make a long term investment plan, sometimes we will be tempted to get out of the plan. but when we have more and more experience, everything will be fine.

[Luzin]

Obviously, Bitcoin is deflationary by design so it will kind of increase in value over time. However, expecting the volatility to continue to happen in the same extremes probably isn't a good way of looking at it. Since, it's just not sustainable.

As the block rewards become less, and less we should see a reduced amount of volatility, and therefore speculative investors will likely become less interested, as the big swings disappear.

But, I don't think Holder thinks about short-term Votality. I'm sure those who do scalping trades are taking advantage of that. Holder's expectation is that the value of Bitcoin always rises even though it will eventually fall indeed due to the saturated cycle. The theory of supply and deman laws is the hope of holders.

Even though the current world economy is very different and I don't know what would happen if a global Recession happened. I think a big effect on the price of Crypto and a big test for the Holders. But so far I hope this history will become a belief and continue to repeat itself.

[Marcorey]

To be a successful holder requires firm belief and good emotional management, not to be affected by FUD and price trend changes. Choose to hold cryptocurrencies that have development potential and can be profitable, and learn proper risk management.

[oaz7t]

These things need to be followed if we are going to go deep down in it otherwise there is no useif we jump into the trading and do not follow disciplined rules. In investing, it's simple to put your money into it but the hard part is exit strategy. I think being successful trader is not very easy thing. I am always ending up with selling in the situation where I need the money to survive though I have had pun I wont be selling it in the long duration. Anyways, those who go for very long always profit from it. Imagine people hodling since the beginning of bitcoin, they have seen the worst and happiest both sides of bitcoin in the long run. They have no fear now, they just jump in and wait for the bitcoin to give more profits back to them.

[Sikinkato]

To be a successful holder requires firm belief and plenty of patience. Learn more about crypto to analyze market trends and wait to find the right time to buy and sell to make a profit. Good emotional management is also important. Don't be afraid to sell the currency you hold because of the market. Those who hold on to it for a long time will always profit from it.

[tvplus006]

...What do you think? What other tips are there for becoming a successful holder?

The problem of every investor is that he does not fully implement all the tips that the OP has published. This can happen either due to ignorance or in cases where the investor specifically violates them, hoping to increase his deposit. But it can definitely be said that the holder should not sell his coins when they have reached the minimum price.

[Vaculin]

...What do you think? What other tips are there for becoming a successful holder?

The problem of every investor is that he does not fully implement all the tips that the OP has published. This can happen either due to ignorance or in cases where the investor specifically violates them, hoping to increase his deposit. But it can definitely be said that the holder should not sell his coins when they have reached the minimum price.

Well, expect that even OP’s tips are good and valuable, there will always be investors that will follow their own rules and stick to them because they think that they are way better than these posted tips. Either because of their ignorance, or they don’t just trust other people’s advices and opinions. For me, it’s good too as they will learn their lessons eventually when they start losing in the end.

[tvplus006]

To be a successful holder requires firm belief and good emotional management, not to be affected by FUD and price trend changes. Choose to hold cryptocurrencies that have development potential and can be profitable, and learn proper risk management.

I would like to understand who you consider a successful holder. After all, the goal of all holders is to sell the coin at the maximum price. Only the level of the price at which they will be ready to sell their bitcoin distinguishes such holders from each other.