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Author Topic: #HODLing is not a smooth journey  (Read 1702 times)
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November 20, 2023, 07:37:17 PM
 #41

Yeah Hodling is not easy as it sounds and who can know it better than me wherein I have made mistake of cashing out too often, I have sold BNB when it was $8 and so many other coins which i was hodling. We need to plan long term and short term plan for hodling. I have a suggestion here which helped me as most of us uses same wallet for investment in Binance. I have created accounts at other exchange to ensure that I don't end up selling those coins.









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November 20, 2023, 07:43:42 PM
 #42

Someone who wants to hold for long like me don't have to think of how smooth or not it is. Because the problem goes on our way and it comes at any time that we're not thinking of. The journey of everyone won't be definitely smooth because we're all investors and we're aware of how the volatility of Bitcoin in nature and it sucks when we invest and we're not even aware of it which applies to the newbies. But by the time that you're seeing the result of your holding is growing, you will forget all of those lonely and FUD days on this market because you're only looking forward for that day of making a profit.

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November 20, 2023, 08:17:00 PM
 #43

Holding is really hard to do especially when you constantly check your holdings in the wallet maybe any little changes gets you attracted, as normal if you have a trusted and reliable wallet were you thinks can hold your coin without any compromise you don't need to visit there anymore till your investment date is near. Let say you planned to hold for 2 years or 4 years maybe you can visit there once in awhile to reduce your attention from selling out your holdings, I know it's too hard to hold.

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..BUY/ SELL CRYPTO..
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November 20, 2023, 10:24:05 PM
 #44

-snip-
Until now for me HODL is an efficient way to make money from investment by HODL way even if they rely on trading then it will be much more complicated, unless you are a professional but still the loss in trading is much greater than HODL when you don't sell you won't lose.

#Stay HODL.
Hold Or trading is actually each person's preference, they can choose one or both depending on how their abilities are.
If you have the ability or knowledge of trading good technical and fundamental analysis, trading may provide faster profits,
but the risk is indeed greater because the level of stress in trading will be greater.

Unlike Hold, who only needs to make purchases at the lowest price, then hold long-term until the top price target is reached.
Hold will not play with emotions, just need to hold back and be patient and use money that is indeed for the long term.

Can Hold make you lose?
Of course, it can depend on how someone does the Holding correctly or not.
If he holds a Crypto Coin that has good potential, he will benefit from the rise that occurs,
but if the coin being held is an obscure coin and even has no volume, it will give a loss.
And the failure of the Holding is also due to lack of patience in holding back long-term.
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November 20, 2023, 10:26:56 PM
 #45

#HODLing is not a smooth journey, do you agree? Grin
~
It hasn't been, and it will never be.

There will be times when you will regret making some decisions. Hodling tests your patience, but it's the safest way for an investor to make a profit though it will take some time. I'm currently a holder, but I did make some wrong decisions in the past, especially during the 2021 bull run. If only I did sold all of my assets at that time, and then choose to buy it the following year, and then hold it until the next bull run comes. I could've made more money than just holding for a longer time.

I guess it all comes down to our "WHY?". Why did we invest, and our goals with our holdings? If we plan to hold for at least 5 years, then expect a rough journey on it, and vice-versa. Like what OP said, holding requires the investor not to get freaked out when something bad happens in the market like when we enter the bear season.

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November 20, 2023, 10:28:46 PM
 #46

...
#HODLing is not a smooth journey, do you agree? Grin
Totally agree, it is mostly easier said than done for most investors. I personally can recall the different juicy opportunities I have missed to really make it big in this space as a result of a lack of patience to HODL. Especially those early days in crypto when you barely understand the market and easily get freaked out with every FUD and market dip.
Experience is the best teacher they say and I believe the majority of us are more experienced and mature over the years of being in crypto.

What is your view on #Hodling Guys?

source

The visual image you provided above actually alludes to how a person's mentality occurs when he holds onto Bitcoin. The price of Bitcoin is of course very volatile, but if you remain patient and wait, the price of Bitcoin will definitely reach a consistently high price, which is why everyone who invests in bitcoin, you must have other income in the real world, don't let it happen because of urgent needs, you sell the bitcoin you have, every investor must have good financial planning.



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Rainbot
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November 21, 2023, 02:37:59 AM
 #47

What is your view on #Hodling Guys?


It's not gonna be a smooth journey if you continue to be affected with every price movement, especially during the bear season where people are tempted to sell out of fear that bitcoin might not be able to recover.
Bitcoin holding will most likely challenge your emotional behavior, decision making, and market analysis. Holding may only become somehow smooth sailing when you have a long term perspective, not just by depending on the 4 year cycle or some unprecedented bitcoin pump.
Holding it for long term doesn't bother you much, the only thing that will bother you is when you decide how or when are you going to accumulate more fractions. 

R


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November 21, 2023, 02:55:25 AM
 #48

...
#HODLing is not a smooth journey, do you agree? Grin
Totally agree, it is mostly easier said than done for most investors. I personally can recall the different juicy opportunities I have missed to really make it big in this space as a result of a lack of patience to HODL. Especially those early days in crypto when you barely understand the market and easily get freaked out with every FUD and market dip.
Experience is the best teacher they say and I believe the majority of us are more experienced and mature over the years of being in crypto.

What is your view on #Hodling Guys?

source

The visual image you provided above actually alludes to how a person's mentality occurs when he holds onto Bitcoin. The price of Bitcoin is of course very volatile, but if you remain patient and wait, the price of Bitcoin will definitely reach a consistently high price, which is why everyone who invests in bitcoin, you must have other income in the real world, don't let it happen because of urgent needs, you sell the bitcoin you have, every investor must have good financial planning.
investment is free money that is not used for daily needs, therefore usually the money invested is the remaining money from real income, which is used for investment rather than idle money, and usually investors already have reserve savings for urgent needs. so that they can hold on to the invested coins for years, even as if they don't care about them, and until the time comes, their money has doubled and they can take it. Both trading and investing have their own characteristics, and each has its own risks

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November 21, 2023, 03:32:57 AM
 #49

...
#HODLing is not a smooth journey, do you agree? Grin
Totally agree, it is mostly easier said than done for most investors. I personally can recall the different juicy opportunities I have missed to really make it big in this space as a result of a lack of patience to HODL. Especially those early days in crypto when you barely understand the market and easily get freaked out with every FUD and market dip.
Experience is the best teacher they say and I believe the majority of us are more experienced and mature over the years of being in crypto.

What is your view on #Hodling Guys?

source

The visual image you provided above actually alludes to how a person's mentality occurs when he holds onto Bitcoin. The price of Bitcoin is of course very volatile, but if you remain patient and wait, the price of Bitcoin will definitely reach a consistently high price, which is why everyone who invests in bitcoin, you must have other income in the real world, don't let it happen because of urgent needs, you sell the bitcoin you have, every investor must have good financial planning.
You would really be able to realize once you are on the actual field or situation on which it wouldnt really be that so easy on which volatility and unpredictable events would really be the main challenges that we are really that able to face. If you are really just that expecting that it would be easy then you would really be able to bang your head into the wall just because you had just not able to realize on how unpredictable this market is.
You would really be able to face up situations on where you are really that in torn between buying and selling and this is something that you would really experiencing at the time you do put up your foot into this market
on which its never been that simple specially when price suddenly spikes on which it would be causing for you to have mixed emotions.

#HODLING is never been a smooth journey and this is why it would be wise that you should really be setting out sell price or target so that you wont really be that getting left behind
but since we are talking about hold then it would be pertaining for long years without selling, you should really be just that needing yourself to be that emotionally strong.

R


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November 21, 2023, 03:34:26 AM
 #50


I agree, holding is not as easy as we think. Many of us think of the hold as Figure 1, but actually the hold is the same as Figure 2. If we do any work, there will be many obstacles ahead, but if we can overcome all the obstacles, we can be successful. Now if you invest in Bitcoin you can't be disappointed if you see the market going down. Only if you can patiently hold for long days can you succeed. Actually investment is for everyone but hold is not for everyone, only those who have a lot of patience can hold. The way I invest I don't get frustrated when the market goes down but instead try to increase my holdings.
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November 21, 2023, 03:53:04 AM
 #51

HOLDing can be the worst if you don't have enough patience. When it comes to holding, you need sheer mental strength. Which most of the holders don't have. Apart from that, a HOLDer should have another source of income. Many who only rely on HOLDing end up panicking when the market spikes. It makes them sell all their HOLDings to minimize the loss. Because all of their money is only pooled for HOLDing, nothing else. They have no other money to invest in a new business. But that's the thing with holding. You will face multiple losses, but you have to wait until the end to have the golden egg.

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November 21, 2023, 04:11:48 AM
 #52

Yeah Hodling is not easy as it sounds and who can know it better than me wherein I have made mistake of cashing out too often, I have sold BNB when it was $8 and so many other coins which i was hodling. We need to plan long term and short term plan for hodling. I have a suggestion here which helped me as most of us uses same wallet for investment in Binance. I have created accounts at other exchange to ensure that I don't end up selling those coins.

But apart from that, everything that covers urgent needs no matter what we do. We will WD any assets to cover the item, no one can hold it, let alone meet our needs at home, even though we know that this coin will rise high in the future. and should persist for some time. but this suggestion must also be implemented as you suggested, either for me personally or other community members as preparation because if we remember we will be safe.

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November 21, 2023, 05:41:27 AM
 #53

We all knows that holding is not a smooth journey like you said. And trading is neither the best option. But as the case may be, holding is still the best option. Reason being that trading requires you to monitor each move that occurred in price, sometimes you panic due to price drop probably selling off at a lower price in other not to incure much losses. Sometimes you loose some fractions of your investment capital where as the market will still recover and turn geen, after which you start regretting. But in holding you will entirely remove your mind in price changes. Though the price will dip and rise often but still gain momentum gradually to success. It's better off than monitoring each move and causing yourself HBP

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November 21, 2023, 05:59:37 AM
 #54

Yeah Hodling is not easy as it sounds and who can know it better than me wherein I have made mistake of cashing out too often, I have sold BNB when it was $8 and so many other coins which i was hodling. We need to plan long term and short term plan for hodling. I have a suggestion here which helped me as most of us uses same wallet for investment in Binance. I have created accounts at other exchange to ensure that I don't end up selling those coins.
For hodling any coins or certain coins, I usually prefer to keep them in a wallet that is not related to the exchange, because the exchange is a place for me to use when I just want to trade or want to sell it when I see that the price I want for the coin I am saving has become higher. better or bigger than before. And I also think that Hodling is more effective for the long term, not for the short term which at first glance is similar to trading, especially if you keep it on the stock exchange.

But apart from that, everything that covers urgent needs no matter what we do. We will WD any assets to cover the item, no one can hold it, let alone meet our needs at home, even though we know that this coin will rise high in the future. and should persist for some time. but this suggestion must also be implemented as you suggested, either for me personally or other community members as preparation because if we remember we will be safe.
That's why it's better to make sure you're completely safe in advance from things that might come to your attention one day before applying Hodling to a coin that you consider to be truly valuable in the future. Because things related to daily needs for life are things that cannot be avoided, so everyone must be able to have thorough preparation for them before actually carrying out Hodling. Moreover, we ourselves also know that it would be very good if the Hodling that we apply is not at all disturbed by living conditions, because we are also struggling to be better in the future through the application of Hodling.

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November 21, 2023, 06:08:10 AM
 #55

What is your view on #Hodling Guys?
Holding is easier to say than to do, especially if we always read news about the crypto world so we can get caught up in FUD, especially if we start holding Bitcoin by buying it today for the target bullish period in a few years, during that waiting period there will be unexpected things happens whether it influences the price to go up or down because when it goes up we become afraid that it is the highest price that will be reached and when it goes down we panic and also experience fear that the price will not improve, focusing on the target and being patient can help us to keep holding Bitcoin.

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November 21, 2023, 06:27:40 AM
 #56

It's not easy actually to HODL but you have to know how because after all this is the best way compared to trading, maybe some agree that HODL is better because there are no bigger obstacles than trading, you just have to be patient, not too consumed by FUD, don't look at the market too often then maybe you can reach your HODL goal.

Until now for me HODL is an efficient way to make money from investment by HODL way even if they rely on trading then it will be much more complicated, unless you are a professional but still the loss in trading is much greater than HODL when you don't sell you won't lose.

#Stay HODL.

Holding for long-term is only applicable to investors who want to have nothing else to worry about once they buy or have chosen crypto assets or Bitcoin that they will hold for just one year before selling.

But in this instance, the time that long-term investors will have to wait for is only a short time because by next-year it is possible that the bull run will begin, which is the time when many people sell their respective stocks. holdings depending on the price value they want.

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November 21, 2023, 06:55:31 AM
 #57

Well it is not a easy thing to do to HODL. And when there is profits we can take it is more hard to not sell our coins to earn easy profits.
But we all must know this is not a 'get rich quick' investment. There is nights I am not sleeping so good and my stomach hurts. I think if I should take the profits or still HODL.

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bayu7adi
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November 21, 2023, 08:12:30 AM
 #58

Like what OP said, holding requires the investor not to get freaked out when something bad happens in the market like when we enter the bear season.
Aside from a bearish market, the emotions of a hodler are also put to the test during a bullish market. Holding for a 5 year target might get interrupted just because the market moves up by a small percentage, be it 15% or 20%. Some people rush to take profits, fearing that such an opportunity might not come again in the future. ATM, they immediately switch to another strategy, thinking the next move is to buy again at a lower price, even though the bullish trend may continue for a longer time, and the next low price is never found.

Yes, it's genuinely something challenging to do but easy to say. Selling at the wrong moment can sometimes lead to regret, but if there's still a profit, it's not all bad either.
Bitstar_coin (OP)
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November 21, 2023, 09:15:25 AM
 #59

Someone who wants to hold for long like me don't have to think of how smooth or not it is. Because the problem goes on our way and it comes at any time that we're not thinking of. The journey of everyone won't be definitely smooth because we're all investors and we're aware of how the volatility of Bitcoin in nature and it sucks when we invest and we're not even aware of it which applies to the newbies. But by the time that you're seeing the result of your holding is growing, you will forget all of those lonely and FUD days on this market because you're only looking forward for that day of making a profit.

Bro it is easy for you to say today because you have probably gained experience of the bull and bear market over the years.  I doubt you will be this confidence back in 2018/119 when there were many china fud and many other negative news that usually affect the market to dip and watch people panic sell. The truth is, it is more easy for people to hodl now than before when the market was still very fragile. Now most of us have gain that experience to know that btc price will always recover no matter the fud.
This in my option is why hodling is some what easy despite the journey is not smooth and still requires a lot of patience to pull off.

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harapan
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November 21, 2023, 10:56:19 AM
 #60

I feel it's easier for people who earn a lot of money. For some who don't earn much, trying to HODL Bitcoin is very hard. There's no way to sugar coat, but what I believe is that you'll get better with time. When you first start holding, you'll always look at your wallet to inspect your coin to see by how many percent it has grown, you may end up being disappointed.
There may be times when you might need money and might be tempted to sell. Seeing the price dipping might tempt you sell, especially if you'll make a profit if you sell compared to the price you bought it.
We've got to understand that whatever is worth it won't be easy.
Is hodling easy? NO
Is it worth is? YES.

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