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Author Topic: Have you ever be afraid of holding?  (Read 410 times)
Frankolala
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April 21, 2023, 08:23:15 AM
Merited by fillippone (1)
 #21

I have no fear to hold for long, this is because I have understood that long term investment gives good profit than short term. I don't get discourage of bitcoin price pump and dump,all I know is that there must be a halving and after bitcoin halving the next year becomes bullish. This is what I am calculating while investing, this orientation gives me more confidence to hold for long.

I hardly check bitcoin price,only when am reading news on cryptocurrency that the price shows up,apart from that I also come to know about the price in the forum when I login. We all have our focus and target price before selling off,but get panic and sell if you are not making any profit just be patient with the market,because for sure it will pump at the right time which is unpredictable by man.

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April 21, 2023, 09:01:21 AM
 #22

~
Have you also have that fears before? Is holding for too long OK?
I definitely say YES. Full of fear when the price drops after buying, everyone can really feel that when you are new in the crypto market but along it, while having some pump and dump experience, you can be immune to such normal events. Buying and holding Bitcoin and some potential altcoins could really give us peace of mind because we believe that it won't go down too easily or collapse, unlike these shitcoins and meme coins where there is always pressure on you.

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April 21, 2023, 09:03:17 AM
 #23

In matters relating to finance, it is unacceptable to allow emotions (fear is one of them) to influence the chosen behavior strategy. Have drawn up an action plan for your investments - so stick to this plan. Despite any news and events. No need to let the information noise affect the achievement of goals.

You don't need to hold on too long. You need to hold exactly as much as you expected.

All these questions about fears and worries make me puzzled: if you can't control yourself, then maybe you have nothing to do in the world of investments? Weak hands won't last long here.
You are right,let's use the word weak hearts won't last long in the Crypto trading,one really needs to be brave in trading because the market goes up and down,and one needs to be very smart in taking advantage of the period that the coin is good and okay to purchase.It is detrimental to anyone who holds and keeps his or her mind on the trade he has made.

There is every possibility that fear can grip you after trading,and the most important thing to do when you are undergoing this process is just to hold your emotions,I know holding can really be scary sometimes considering the long period of wait involved,it is only adviceable to be patient and not panic despite how long you keep your coin,but it is also good for one not to hold for too long.
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April 21, 2023, 02:46:28 PM
 #24

Have you also have that fears before? Is holding for too long OK?

Yes, the fears are always there when coins are losing value especially when someone is new in crypto market.holding for long term is the best strategy but the hardest part because it is not everybody that have that strong mind to bear the bear period.but I will say that experience and understanding of Cryptocurrency industry are always play a good part in long-term investment. When you have good knowledge about what you invested in, it will be hard to create that fear in your heart.so the main people that always afraid in the way of holding Bitcoin or coins with good potential for long term are newbies and people that invested what they cannot afford to lose.

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April 21, 2023, 03:05:55 PM
 #25

Quote from: JamesBorn
But as humans have you ever have this fear of holding?
Yes, when I newly started buying BTC and other cryptocurrencies from the market, I always had that fear in mind if the coins am holding disappear or continue reducing more than 3 years because, I was used to 6 months or 1 year holding then until I came to learn more from this platform that made me to hold more than 2 years to  gain More opportunity to earn well in the future. I know you experience such challenge in your crypto trading that made you to brought this topic, but don't give up on holding because many successful investors today went through what you are going through today. But you need to kill that spirit of fear whenever you are planning to hold like 3 years before you can sell like other potential holders in the community.

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April 21, 2023, 03:10:02 PM
 #26

Holding long-term is something that I have always done until now. a number of Bitcoins started to be held for a long time until now and I still maintain it. Is there a feeling of fear when holding? There must be, because the value of Bitcoin continues to fluctuate making me once worried that Bitcoin will be worthless again. But when I already believed and Bitcoin became the best for the long term, I continued to hold it and even bought some when Bitcoin was crashing.

There is no doubt about holding long term with Bitcoin. But when you hold long-term with Altcoin it will be very risky to lose more value.
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April 21, 2023, 03:54:51 PM
 #27

But as humans have you ever have this fear of holding? Like what if something happens to my investment?

So far I as a Bitcoin Investor in the long term are still very consistent with my target, which is where I have kept holding assets all this time and waiting for the next few years, maybe human feelings still exist in humans but here I am not too influential on the mind because as long as Right now I'm focusing on looking for opportunities to continue to do DCA on Bitcoin which is to add little by little.

Is holding for too long OK?

If the choice is Bitcoin to remain in a safe position in my opinion, and it's a different story if we hold Altcoins and we think Altcoin Investors don't hold Altcoins for a long enough period considering that the price increase factor is not too significant maybe they buy hold temporarily and sell in price folds that goes up a little. But in general Bitcoin is of course held for a long time.
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April 21, 2023, 04:20:26 PM
 #28

There must be a sense of fear when we hold bitcoin because we see the price increase daily.
But if we can overcome that fear by controlling our emotions, we certainly won't feel that fear because we already have the knowledge and experience that are holding bitcoins has risks.
And as long as we can deal with that risk so it doesn't get big, we won't be afraid to keep holding bitcoins and even if the price goes down, we can buy more bitcoins.
What's important is that if we know the risks and how to deal with the risks, we won't worry about anything.
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April 21, 2023, 09:38:33 PM
 #29

I won't lie on this because they will definitely be some sense of fear holding especially if you are a newbie in the investment world, like the op said its not an easy thing to seat back and watch your coins or should I say money go up and down knowing fully well that the market can go sideways within an twinkle of an eye. For me I used a simple strategy which is; any money I have used for an investment I just count it off my mind and just tell myself that its all for a greater good and the forum also acts as part of courage during an investment because many forum are always advising to hold your coins for long as its more preferable and profitable.

R


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April 22, 2023, 10:10:55 AM
 #30

That is why it is always said that it is better to invest an amount that you are not afraid to lose.
Whatever happens, you need to understand that the entire responsibility for conservation, as well as for the amount of investment, will lie with the owner. No one can help restore the lost in case something goes wrong.
Therefore, each person will complain, panic, and regret in his way. Understanding all the risks, we take on the whole future, regardless of whether it will be good or not.

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April 22, 2023, 10:52:03 AM
 #31

Long term investors are the real investors, is not easy to hold watch your money going down by the day, people who buy occasionally during deeps and store don't usually calculate current price action  because they are after the future.
Yeah, the real investors are those who buy during the bear market and hodl into the next bull season before selling off; thereby allowing the circle to complete and repeat itself. Those who buy and hold without selling off at any point aren't helping advance and complete the Bitcoin circle. Hodling without selling off won't create the necessary dips that allow for the redistribution of wealth. If everyone is hodling and not selling at all, price won't rise.

Quote
But as humans have you ever have this fear of holding? Like what if something happens to my investment?
To be sincere I don't like the idea of hodling when it's a bear season. Why hodl when you know the market is dipping? I experienced it in 2018 but never allowed it to repay itself in 2022. It's the same way I won't be hodling in 2026. So, before holding check what the market situation is like.

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April 22, 2023, 11:46:20 AM
 #32

Have you also have that fears before? Is holding for too long OK?

If you're a newbie then definitely you will get scared of missing out because you aren't used to the whole process, but then you must understand that you're taking risk because in other for us to make money, we beed to take risk, bitcoin should be hodl on your own personal wallet at first, this will help you maintain being safe from hack or lost of your asset, you can hodl bitcoin over a long period as an investment because it is also a very profitable decision to take, you can as well go on a short term holding base on your target while speculating.



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April 22, 2023, 12:15:07 PM
 #33

Everyone here has hard same feelings once in a while and before we build knowledge of the market movement and volatilities, take for example when I first bought my first Bitcoin, the price dropped significantly the following week and that market action got me panicking and I result into constant checking the price of Bitcoin even though I have long term investment model but I was still concerned about the current market then.


But now that I have good knowledge of the behaviour of bitcoin and how unstable the price can be I mam now relaxed and can not take whatever condition bitcoin present at whatever time be it bear or bull I now understand that there is no stable one-sided bitcoin price condition at whatever time.

R


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April 22, 2023, 12:30:04 PM
 #34

OP, you definitely asked a very good question.
If someone is a young and inexperienced investor, without much knowledge and with little funds, and has invested everything in bitcoin, then it is definitely not easy for him to follow the daily news about the movement of the price of bitcoin and other cryptocurrencies.
I think each of us should be aware that investing in crypto is very risky and that money can be lost. Therefore, we should invest funds that we are ready to lose, and that we do not need for everyday life.
After that, one should focus on other things in life and forget about this investment. You need to analyze the market well, make a concrete investment plan and have a clear exit strategy.
It is always a good idea to diversify your investments.
I am not afraid because I have invested money in bitcoin that I can live without and I am patient and willing to wait until btc reaches a certain price. In addition, I have other investments and I do not depend only on bitcoin.

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April 22, 2023, 12:31:06 PM
 #35

Long term investors are the real investors, is not easy to hold watch your money going down by the day, people who buy occasionally during deeps and store don't usually calculate current price action  because they are after the future. Characters of holding includes not checking or bordering about daily price, not minding the reductions or increase in price, they're after accumulating more of bitcoins in units or fractions, not regular negative news listeners, and they barely tells if they've loss a lot from the system, finally they're very patients enough to wait for recovery and overflows in price.

Have you also have that fears before? Is holding for too long OK?

Those who can do this have invested what they can afford to lose, let's admit it the market is highly volatile its hard to invest your savings here because of uncertainty, the market sometimes suffers from FUDS so if you're not really decided to HODL you will be tempted to sell at a loss, and most of the times the long wait is unbearable.
I also admire those who invested here and HODL whatever the condition of the market honestly I fear whenever the market is dropping because that means I have to wait long before the market gets better and during that time I might need money for my daily or emergency needs.
How I wish I have a good-paying job or a good business so I can also accumulate without thinking of selling when I badly need funds.


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April 22, 2023, 02:06:44 PM
 #36

Have you also have that fears before? Is holding for too long OK?

When sticking to Investments in Bitcoin so far we are still consistent, yes maybe in fear someone will come to where bad times are happening in the market and they start to think, but for old investors we think this has become something normal for them, considering the journey of Bitcoin from year to year, of course, things often happen that every investor doesn't want, but what is certain is that the fear still exists even though it doesn't really have an impact.
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April 22, 2023, 02:18:45 PM
 #37

I am also afraid when I am holding crypto. Who wouldn't be afraid of holding crypto?. There are reasons why people are afraid of holding but I think there are some people who are not afraid since they are more willing to take risk and have lots of money. People like us that doesn't have lots of money are much more afraid to do so. There are some people who are new and doesn't have lots of experience are the ones that are much more afraid.

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April 22, 2023, 02:41:11 PM
 #38

<snip>
Yep, mostly when I was just starting with Bitcoin. Whenever I receive bitcoin as payment or after withdrawing it to casinos, I always find myself selling it as soon as possible because of the possibility that the price might go down, meaning, I couls lose some of my asset's value. But that's not the case anymore for me today.
With altcoins on the other hand, I hodl a lot, which I later realize to be a wrong decision.

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April 22, 2023, 02:48:10 PM
 #39

You can classify people into two categories
  • Paper Hands
  • Diamond Hands

Paper hands are where you would know if someone dislikes or is uncomfortably HODLing their coins.
Diamond hands are holding it no matter what happens.

I think we have all been through those phases and I hope everyone would have made right decisions.

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April 22, 2023, 04:28:08 PM
 #40

I am also afraid when I am holding crypto. Who wouldn't be afraid of holding crypto?. There are reasons why people are afraid of holding but I think there are some people who are not afraid since they are more willing to take risk and have lots of money. People like us that doesn't have lots of money are much more afraid to do so. There are some people who are new and doesn't have lots of experience are the ones that are much more afraid.
Cryptos? I think crypto is altcoin and bitcoin is still bitcoin not crypto.

If you hold crypto, obviously, you will definitely have excessive fear because if you hold the token, the risk will be very high. I don't even dare to do it in crypto, except holding BTC, even though the fear is there, but it will still be opposed because I think BTC will better in the future if I can endure it longer.

BTC always has a good cycle and it always reaches ATH. This can be seen from history, how we saw it, so the only holding now is BTC, not altcoins.

It is natural to have anxiety and fear, it is human but you have to stick with BTC if you want to be profitable.

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