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Author Topic: #HODLing is not a smooth journey  (Read 1702 times)
mvdheuvel1983
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December 05, 2023, 07:44:52 PM
 #181


What about those who until now are still doing well in their accumulation journey if indeed the picture is true that holding is a situation of suffering? not a bit strange but I think it makes less sense, for people who have assumptions like that I think it looks like they are investing with the wrong approach as a result of not really understanding the things that exist in investment especially for all the possibilities that are very likely to occur.

Holding is more a situation of self-denial than suffering. In self-denial especially if you are a student, a salary earner and not a professional investor or venture capitalist, you denial yourself of new watch or a vacation or a new gadget, car or your favourite thing in the world just to invest that piece of it in bitcoin and hold. That is how I understand the picture to be. It is filled with ups and downs. Some months, you don't want feel like denying yourself of that good thing but you do it anyways for the future.

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ginsan
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December 05, 2023, 09:38:27 PM
 #182

Holding is more a situation of self-denial than suffering. In self-denial especially if you are a student, a salary earner and not a professional investor or venture capitalist, you denial yourself of new watch or a vacation or a new gadget, car or your favourite thing in the world just to invest that piece of it in bitcoin and hold. That is how I understand the picture to be. It is filled with ups and downs. Some months, you don't want feel like denying yourself of that good thing but you do it anyways for the future.
Yes, in this context we intend to achieve pleasure someday and holding it now does require strong trials if we look at it from the scope of our lives where other people buy cars, luxury watches and so on. But we Holding for the sake of our future, which of course we will also be able to feel happy things in our lives at some point now. Yes, images like that are sometimes misinterpreted, but they are quite common and very human because we live in the modern era, of course our lives are filled with many luxurious styles. But this is based on the determination to hold on to the Bitcoin investment that we make for a long time, which is certainly better than using that money to buy silly things that might quickly result in a significant loss of money.

Apart from that, many of them become millionaires because of the patterns they plan for their future. They don't live in luxury but have wow investments and Holding is one of the success factors in investing in bitcoin and that is a fact if you look at the journey of many people who have become millionaires by investing in Bitcoin.

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December 07, 2023, 05:40:17 AM
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 #183

Of course, holding is not a smooth ride. Holding depends entirely on patience. Holding is very easy for those who have experience in holding. Those who do not know anything about the new holdings get a bit panicked and lose patience and stop holding immediately. We should proceed with the goal of holding for a certain period of time, and no matter how many obstacles may come in the way to meet that goal, we should stand firm and in no way panic and any way not stop holding. Only then will we be able to achieve our goals. There will certainly be dangers in our journey of holding, at which time we should always be prepared to face them without panicking.

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December 07, 2023, 08:00:09 AM
 #184

Of course, holding is not a smooth ride. Holding depends entirely on patience. Holding is very easy for those who have experience in holding. Those who do not know anything about the new holdings get a bit panicked and lose patience and stop holding immediately. We should proceed with the goal of holding for a certain period of time, and no matter how many obstacles may come in the way to meet that goal, we should stand firm and in no way panic and any way not stop holding. Only then will we be able to achieve our goals. There will certainly be dangers in our journey of holding, at which time we should always be prepared to face them without panicking.

Therefore, before you do HOLDING, learn in advance the things as well as aspects related to this, even though you are an inexperienced person it is not a problem, if you want to enter this world, there is nothing wrong with learning to understand every aspect that exists. Also with the development of technology today with the internet can be a source of learning,  from the internet or from anywhere it doesn't matter as long as you really want to learn. Learning from those who are experienced is better, because there will be direct communication with people who are experienced in this matter.

By learning and becoming knowledge of course this will be good for you in the future, with learning that has been understood maybe you can find out how to handle risks later. It is not as easy as turning the palm of the hand,  of course facing problems must be with good thinking in order to correct mistakes that have occurred and also prevent them from happening again in the future.

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December 07, 2023, 09:06:35 AM
 #185

There's a saying that if your goal is to hodl, genuinely buy it and then let it be. In my view, this implies not completely forgetting about the crypto you purchased but rather shifting your focus to other aspects of life. Constantly checking its value can lead to stress, and in some cases, it might even contribute to feelings of depression, particularly when the price experiences significant drops. Taking a step back and deciding to stop hodling can be a constructive move in such situations. However, adopting a strategy of buying and then allowing it to grow without constant monitoring might evoke the perception that hodling is a simpler and more manageable approach.

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December 07, 2023, 11:10:17 AM
 #186

The journey to holding is difficult but there is gain in this journey. We have to work hard to achieve good things. The more difficult the path and the more difficult the path, the greater the chances of success. All can walk on plains but not all can conquer mountains. Some people may have conquered Mount Everest but not all have. Everyone invests but not everyone can maintain that investment for long. Only those who have a strong mind and are firm in their decisions can take this difficult task easily. The Bitcoin market is now very positive, so thinking of this positive aspect, many people may invest in Bitcoin now, but when the market starts to go down again, not everyone will be able to hold their investment even if they want to. We must plan to hold the investment whether the market is going through good times or relatively bad times.

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December 07, 2023, 11:40:17 AM
 #187

There's a saying that if your goal is to hodl, genuinely buy it and then let it be. In my view, this implies not completely forgetting about the crypto you purchased but rather shifting your focus to other aspects of life. Constantly checking its value can lead to stress, and in some cases, it might even contribute to feelings of depression, particularly when the price experiences significant drops. Taking a step back and deciding to stop hodling can be a constructive move in such situations. However, adopting a strategy of buying and then allowing it to grow without constant monitoring might evoke the perception that hodling is a simpler and more manageable approach.
Hodling is not a difficult job for anyone to do as long as we have the capital and thoughts that are wiser than ourselves and one of them is as you said. Because those who apply hodling are people who can make themselves more relaxed about this by not wasting too much time looking at the market because they are not trading. Even though watching the market once a day is also very necessary, there is no need to spend too long watching the market because they can actually use their free time for other more profitable work.

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December 07, 2023, 02:56:19 PM
 #188

Hodling is not a difficult job for anyone to do as long as we have the capital and thoughts that are wiser than ourselves and one of them is as you said. Because those who apply hodling are people who can make themselves more relaxed about this by not wasting too much time looking at the market because they are not trading. Even though watching the market once a day is also very necessary, there is no need to spend too long watching the market because they can actually use their free time for other more profitable work.

It sounds simple. In my opinion, Hodling will be easy if someone has a profitable activity, meaning there is not only one source of income and this will be easy to implement and the guarantee will not be annoying and in the end we will always be able to make a profit in every trade and the Hodling time is also unlimited, either 1 week, month, or year.

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December 07, 2023, 08:19:18 PM
 #189

True. People who aren't expert in trading, holding is only option for them to make profit. But hold has ups and downs and sometime you need to go through a risky process while you don't have knowledge about dip or where to buy. Most of people want to have profit within short time but problem will start when you unfortunately buy your a altcoin while it was high priced and then it dumped from the point you bought, that will be the most channeling thing as you don't know how long you need to wait for recovery. The common issue is, when a holder become so panic and sold token with loss. So yeah, it is hard to hold till become make profit from it

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December 07, 2023, 09:27:09 PM
 #190

There's a saying that if your goal is to hodl, genuinely buy it and then let it be. In my view, this implies not completely forgetting about the crypto you purchased but rather shifting your focus to other aspects of life. Constantly checking its value can lead to stress, and in some cases, it might even contribute to feelings of depression, particularly when the price experiences significant drops. Taking a step back and deciding to stop hodling can be a constructive move in such situations. However, adopting a strategy of buying and then allowing it to grow without constant monitoring might evoke the perception that hodling is a simpler and more manageable approach.
That's why we need to have good mentality and have good knowledge before we invest in Bitcoin. If we invest without good knowledge, we may feel depressed because we often see the huge fluctuation in Bitcoin price. But if we know how to invest in Bitcoin properly, we must already set a realistic target to keep profits. We also know when we must to sell the Bitcoin, so we don't need to check the price everyday. We also can deal with high fluctuation in Bitcoin price every time, we know it is something normal. Bitcoin has big volatility, that makes Bitcoin to have the ability to increase and decrease significantly. At least, we know when we can expect for the increase in Bitcoin value if we understand the cycles of bearish-bullish.

I'm really sure, an experienced investor won't check the price very often. Unless he wants to buy Bitcoin or sell Bitcoin, an experienced investor must rarely check the price. So, it won't make him stressed.  Grin


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December 07, 2023, 09:37:32 PM
 #191

When you think of the word hodling, that's actually very easy to make it happen. Until you finally realized that hodling in the crypto market is not at all easy and have a lot of risks and temptations that you need to overcome. The important thing here is that you don't need to sell your coins early as it may lost the potentials for future profits, and early selling would mean selling at loss for some.

Bitcoin is highly volatile that makes the crypto market more unpredictable. So the safest option is just to hold your coins in an indefinite time, and don't fall on panic selling when you see all your coins are dropping their value because obviously, that won't be permanent. They will eventually recover their prices soon. Patience is the key.
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December 07, 2023, 09:54:18 PM
 #192

There will be time that you need to sell and you need to rethink if how much you're going to sell, some stories have said that they need to sell all of their holdings. So, that's the sad moment for them that even they can say and are determined to hold for so long. But they don't have other people to lend and help them in their times of need.

There's only one way for them to do it and that's to through selling their holdings. Count it whether it's Bitcoin, Ethereum, or any altcoin that they're holding. But the fact that they want to hold and been holding for so long and there's no other available option for them to do, they need to sell what's been precious to them. Times like that comes and just like me, I've sold at a very early price and not during the bull run but I just take it as something that helped throughout that time because it has solved my problem. there's always a time to reset and reaccumulate.

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December 08, 2023, 06:50:16 PM
 #193

True. People who aren't expert in trading, holding is only option for them to make profit. But hold has ups and downs and sometime you need to go through a risky process while you don't have knowledge about dip or where to buy. Most of people want to have profit within short time but problem will start when you unfortunately buy your a altcoin while it was high priced and then it dumped from the point you bought, that will be the most channeling thing as you don't know how long you need to wait for recovery. The common issue is, when a holder become so panic and sold token with loss. So yeah, it is hard to hold till become make profit from it

This situation has happened to me and I can tell you it is not an easy place to be, buying from the top and the price get dumped and you are literally stuck, not able to sell because you will be losing 90% of your investment.
I can say it is the moment when your hodl ability is tested, it fills like forever, not going to lie.
Hodl is not easy, the period is full of different challenges and if you are able to pull through to the next circle, you can consider yourself a diamond hand.  Grin

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bbigtart
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December 15, 2023, 09:54:36 AM
 #194

Hodling is not a difficult job for anyone to do as long as we have the capital and thoughts that are wiser than ourselves and one of them is as you said. Because those who apply hodling are people who can make themselves more relaxed about this by not wasting too much time looking at the market because they are not trading. Even though watching the market once a day is also very necessary, there is no need to spend too long watching the market because they can actually use their free time for other more profitable work.
Holding will be a difficult job for those who use borrowed money or use savings for daily needs to invest in Bitcoin, plus they don't have wise thinking and don't have a strong mentality when the market goes down, they panic and sell.

But for those who have all this, they will not have any obstacles with holding and they will not even think about the market, they will be busy with other activities because they will continue to hold BTC until their desired target is achieved. There are only two keys to holding, use fee money and be mentally strong.

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Altryist
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December 15, 2023, 11:12:51 AM
 #195


That's why we need to have good mentality and have good knowledge before we invest in Bitcoin. If we invest without good knowledge, we may feel depressed because we often see the huge fluctuation in Bitcoin price. But if we know how to invest in Bitcoin properly, we must already set a realistic target to keep profits. We also know when we must to sell the Bitcoin, so we don't need to check the price everyday. We also can deal with high fluctuation in Bitcoin price every time, we know it is something normal. Bitcoin has big volatility, that makes Bitcoin to have the ability to increase and decrease significantly. At least, we know when we can expect for the increase in Bitcoin value if we understand the cycles of bearish-bullish.

I'm really sure, an experienced investor won't check the price very often. Unless he wants to buy Bitcoin or sell Bitcoin, an experienced investor must rarely check the price. So, it won't make him stressed.  Grin


Actually, this is not required, you can simply install some kind of application that will simply notify you if the price reaches a certain level that you need, and constant market monitoring is required not by investors, but by traders, and especially for day traders. Since medium-term traders, can also use notifications so as not to constantly monitor the charts. In holding, not everything is so simple, there are many difficulties in it, but in any case it is easier than trading.

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December 15, 2023, 11:36:56 AM
 #196

Hodling is not a difficult job for anyone to do as long as we have the capital and thoughts that are wiser than ourselves and one of them is as you said. Because those who apply hodling are people who can make themselves more relaxed about this by not wasting too much time looking at the market because they are not trading. Even though watching the market once a day is also very necessary, there is no need to spend too long watching the market because they can actually use their free time for other more profitable work.
Holding will be a difficult job for those who use borrowed money or use savings for daily needs to invest in Bitcoin, plus they don't have wise thinking and don't have a strong mentality when the market goes down, they panic and sell.

But for those who have all this, they will not have any obstacles with holding and they will not even think about the market, they will be busy with other activities because they will continue to hold BTC until their desired target is achieved. There are only two keys to holding, use fee money and be mentally strong.
Its never been that ideal or recommendable -believe me! . I did really have that kind of experience when im still a noob on which i did make some loan and trying out to invest on crypto but everything didnt turned out as planned on which market conditions would really be definitely be that too unpredictable on which on the time that you do saw your portfolio is going down, then this is the time that you would really be having these moodswings or having that impulsive emotions which might lead into bad decision making which it might be ending up on regrets when the price starts to climb up. Its never been that easy nor that simple to hold
even if we do say that we are just checking the price to be going up or down but its never been that a smooth journey.

Somewhat when you are just holding instead on making some active trades, then you wont really be that be able to actively be able experience those time to time stress unless if there's really a
huge market movement and negative sentiment on which it would really be stirring up all of your emotions on which might lead into those panic selling. Smooth journey could be only possible
if you wont really be that actively checking out your portfolio or not really that seeing actively on the market sentiment or condition.

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December 15, 2023, 11:59:42 AM
 #197

Hodling is not a difficult job for anyone to do as long as we have the capital and thoughts that are wiser than ourselves and one of them is as you said. Because those who apply hodling are people who can make themselves more relaxed about this by not wasting too much time looking at the market because they are not trading. Even though watching the market once a day is also very necessary, there is no need to spend too long watching the market because they can actually use their free time for other more profitable work.
Holding will be a difficult job for those who use borrowed money or use savings for daily needs to invest in Bitcoin, plus they don't have wise thinking and don't have a strong mentality when the market goes down, they panic and sell.

But for those who have all this, they will not have any obstacles with holding and they will not even think about the market, they will be busy with other activities because they will continue to hold BTC until their desired target is achieved. There are only two keys to holding, use fee money and be mentally strong.
There must be a mentality that is formed when we want to do hodling, because this will take a very long time, there needs to be patience in doing it. Not only patience, but good planning must also be very concerned. Many of them eventually have to sell what they hold because they are very pressed for needs. Well things like this must be very considered, because it will greatly determine how the hodling journey we do.
A short time is a challenge in itself, maybe for those who are ready with everything it will be easier, but if they are not really ready, then they will start to hesitate between continuing to hold or selling.

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December 15, 2023, 12:03:41 PM
 #198

True. People who aren't expert in trading, holding is only option for them to make profit. But hold has ups and downs and sometime you need to go through a risky process while you don't have knowledge about dip or where to buy. Most of people want to have profit within short time but problem will start when you unfortunately buy your a altcoin while it was high priced and then it dumped from the point you bought, that will be the most channeling thing as you don't know how long you need to wait for recovery. The common issue is, when a holder become so panic and sold token with loss. So yeah, it is hard to hold till become make profit from it

This situation has happened to me and I can tell you it is not an easy place to be, buying from the top and the price get dumped and you are literally stuck, not able to sell because you will be losing 90% of your investment.
I can say it is the moment when your hodl ability is tested, it fills like forever, not going to lie.
Hodl is not easy, the period is full of different challenges and if you are able to pull through to the next circle, you can consider yourself a diamond hand.  Grin
Well, I could agree especially if we often check our coins every day because at the moment we saw that our total investment turned red, we started to think negatively and sometimes went to selling. Indeed, holding is a self-test if we really have patience and how long we can take it. It is actually boring to wait long which is why more investors prefer short-term investment over long-term. And holding was hard especially if we overthink that after we buy, we already then earn some and much more if we just relied solely on this investment.

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Minecache
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December 15, 2023, 12:22:21 PM
 #199

True. People who aren't expert in trading, holding is only option for them to make profit. But hold has ups and downs and sometime you need to go through a risky process while you don't have knowledge about dip or where to buy. Most of people want to have profit within short time but problem will start when you unfortunately buy your a altcoin while it was high priced and then it dumped from the point you bought, that will be the most channeling thing as you don't know how long you need to wait for recovery. The common issue is, when a holder become so panic and sold token with loss. So yeah, it is hard to hold till become make profit from it

This situation has happened to me and I can tell you it is not an easy place to be, buying from the top and the price get dumped and you are literally stuck, not able to sell because you will be losing 90% of your investment.
I can say it is the moment when your hodl ability is tested, it fills like forever, not going to lie.
Hodl is not easy, the period is full of different challenges and if you are able to pull through to the next circle, you can consider yourself a diamond hand.  Grin
Well, I could agree especially if we often check our coins every day because at the moment we saw that our total investment turned red, we started to think negatively and sometimes went to selling. Indeed, holding is a self-test if we really have patience and how long we can take it. It is actually boring to wait long which is why more investors prefer short-term investment over long-term. And holding was hard especially if we overthink that after we buy, we already then earn some and much more if we just relied solely on this investment.

To be precise, making money has never been easy and in investing, holding or trading bitcoin is how we make money, so nothing is easy. But between holding and trading, holding is clearly still much easier than trading. We only need basic knowledge and patience to become a holder, but becoming a trader and making a profit from it is many times more difficult than holding. Everything will have its own pros and cons, but it cannot be denied that holding is still much easier than trading.

Aanuoluwatofunmi
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December 15, 2023, 03:07:08 PM
 #200

Of course, holding is not a smooth ride. Holding depends entirely on patience. Holding is very easy for those who have experience in holding. Those who do not know anything about the new holdings get a bit panicked and lose patience and stop holding immediately. We should proceed with the goal of holding for a certain period of time, and no matter how many obstacles may come in the way to meet that goal, we should stand firm and in no way panic and any way not stop holding. Only then will we be able to achieve our goals. There will certainly be dangers in our journey of holding, at which time we should always be prepared to face them without panicking.

It is when you're determined to hold you will begin to see many distractions to stops you from holding which could be unavoidable sometimes, that is why we are mostly encourage to make an investment base on our individual capacity that we could sustain long enough on, bit the moment we begin to run over meeting up some targets just to ensure that we hold and also secure our investment, we may not be able to endure any longer on that till we can't do than to release what we are holding onto, by then, selling at that particular moment may be at loss.

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