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Author Topic: #HODLing is not a smooth journey  (Read 1689 times)
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November 25, 2023, 05:19:30 AM
 #101

I believe hodling can be split into two categories: those who know how to evaluate and know the market, and those who do not. Many crypto investors rush in and invest without adequate understanding because someone told them to invest in crypto to make a lot of money. As a result, what Op stated is likely true for investors that lack expertise. Those that have wisdom, on the other hand, know when to sell and when to buy again.
And those that who don't know how to evaluate the market looks smarter than those that are experimental with trading and didn't find any success on it.
There are times that the lesser efforts that we do is actually productive than of those that have been trying hard but they don't know what they're  up to in reality.
That's why if those holders just hold because somebody said so and they have obeyed, I guess they're smarter than of those that keeps on trading without knowing how to execute it properly.
It is kind of ironic that traders supposedly try this activity as it is a way to obtain more profits than just holding your coins, but in the end the majority of those traders end up losing money or making way less money than what long term holders make, so long term holding is not only a great strategy to make money, it is also a very effective one as once you have selected the assets you want to buy, there is not really much for you to do anymore.
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November 25, 2023, 06:05:34 AM
 #102

You need patience when holding because this decision is not made easily, negative issues affecting BTC could cause the price to fall and other things that can cause investors' toughness to be tested by the fluctuations that occur in the Bitcoin market. Achieving a level of success in investing requires patience and learning from experience. Bitcoin which has succeeded in breaking negative issues and its popularity is increasing even though there are parties who are not happy with its presence, is always able to show its strength with the surprises it always provides. Only people who are able to be patient and brave in defending their decisions will make big profits when Bitcoin is at its peak price.

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November 25, 2023, 08:53:24 AM
 #103

And those that who don't know how to evaluate the market looks smarter than those that are experimental with trading and didn't find any success on it.
There are times that the lesser efforts that we do is actually productive than of those that have been trying hard but they don't know what they're  up to in reality.
That's why if those holders just hold because somebody said so and they have obeyed, I guess they're smarter than of those that keeps on trading without knowing how to execute it properly.
It is kind of ironic that traders supposedly try this activity as it is a way to obtain more profits than just holding your coins, but in the end the majority of those traders end up losing money or making way less money than what long term holders make, so long term holding is not only a great strategy to make money,
Yes, most of the traders are losing their money and that's why it's hard to just trade and keep going on with it. You'll get tired eventually with that strategy and what you'll want to do is to make more by just holding. You don't need to do that much but as long as you have money to invest, you'll be fine in accumulation.

it is also a very effective one as once you have selected the assets you want to buy, there is not really much for you to do anymore.
Definitely.
And that's what we're doing by just holding Bitcoin. People still don't see why many of us are crazy in doing that and even advocating and telling them to just buy and hold it.



 

 

 

 

 

 


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November 25, 2023, 10:47:41 AM
 #104

Well, if you're guarding your bitcoins 24/7 then it's going to be a rough journey for you because any movement that will happen to the bitcoin is going to test your emotions and the movement is constant and will happen a lot of times. If you really believe in bitcoin then it's a smooth journey for you because you know that at the end of the day, bitcoin will be growing even if the bear season comes and that your waiting for bitcoin to grow will always be worth it. Trusting the process will make your so-called HODLing journey much smoother than you expect it to be.
In my opinion, holding is best strategy to invest in Bitcoin because this journey could be non smooth but you should invest in long team and if someone is investing for a couple of years ,he would get a good chance to enhance his wealth. Trading is very very risky than holding and if someone is Bitcoin investor and he is Bitcoin trader ,he will face many risks daily. But if someone is Bitcoin holder ,he will see the market  situation and then he will act against the market. The main purpose for investment in Bitcoin is to be rich person in society and holding will make a Rich person to anybody.

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November 25, 2023, 10:58:30 AM
 #105

You need patience when holding because this decision is not made easily, negative issues affecting BTC could cause the price to fall and other things that can cause investors' toughness to be tested by the fluctuations that occur in the Bitcoin market. Achieving a level of success in investing requires patience and learning from experience. Bitcoin which has succeeded in breaking negative issues and its popularity is increasing even though there are parties who are not happy with its presence, is always able to show its strength with the surprises it always provides. Only people who are able to be patient and brave in defending their decisions will make big profits when Bitcoin is at its peak price.
I think two things that determine success in hodling is patience and understanding.  If their is better understanding about bitcoin volatility in the market won't be a challenge to people because they have already understand it just the nature of the market. Patience is just what  investors needs to practice and learn how to stick to it, without patience it is impossible for investors to hodl bitcoin. Investors needs not to be too desperate to make money quick , this can make them to lose focus in  hodling . Patience is an important factor investing that must be considered by every investor yield a very good result.

R


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November 25, 2023, 11:44:25 AM
 #106

HODLING certainly is not a smooth journey & the image in the OP is a comical but quite accurate representation of  how it feels to HODL. There are many ups & downs during the years but over a long time you are almost guaranteed to do well in Bitcoin I must add. I can not make that statement fully confident for altcoins. So yes over long term HODLING Bitcoin you will do very well.

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November 25, 2023, 03:47:28 PM
 #107

HODLING certainly is not a smooth journey & the image in the OP is a comical but quite accurate representation of  how it feels to HODL. There are many ups & downs during the years but over a long time you are almost guaranteed to do well in Bitcoin I must add. I can not make that statement fully confident for altcoins. So yes over long term HODLING Bitcoin you will do very well.

The post is actually representing btc hodling and not alts. History has shown that hodling btc for long is never a wrong decision because you mostly going to be rewarded for it. Although this can also applies to alts but just a very few percentage can be hodl for long without any regret.

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November 25, 2023, 04:25:06 PM
 #108

The post is actually representing btc hodling and not alts. History has shown that hodling btc for long is never a wrong decision because you mostly going to be rewarded for it. Although this can also applies to alts but just a very few percentage can be hodl for long without any regret.
If you look at the history of Bitcoin hodling from year to year or from a four-year cycle, of course it makes sense that currently there are many people who are interested in implementing Bitcoin hodling for themselves. Because everyone will certainly believe more after seeing the proof in Bitcoin, as well as altcoins whose reward rates are not much better than Bitcoin so that everyone who wants to implement Bitcoin hodling will never regret it. However, the opposite can happen to altcoins, which can sometimes make people immediately regret it when the altcoin they hold disappears from the market list.

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November 25, 2023, 04:59:31 PM
 #109

But holding enough for the first time crypto users because they have less experience in crypto, due to which they do not understand trading mining, so without understanding it is not possible to do anything from crypto. A friend of mine first came to crypto and he bought and collected bitcoin but also he is always practicing trading so that he can make good profit in future. I never advise him to invest but i always give him ideas about crypto which I think is really appreciated.


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November 25, 2023, 05:14:15 PM
 #110

You need patience when holding because this decision is not made easily, negative issues affecting BTC could cause the price to fall and other things that can cause investors' toughness to be tested by the fluctuations that occur in the Bitcoin market. Achieving a level of success in investing requires patience and learning from experience. Bitcoin which has succeeded in breaking negative issues and its popularity is increasing even though there are parties who are not happy with its presence, is always able to show its strength with the surprises it always provides. Only people who are able to be patient and brave in defending their decisions will make big profits when Bitcoin is at its peak price.

Of course, patience is the next step and before achieving that they have to put a lot of time into thorough consideration and look at various angles about the risks they are going to take. There are those who are brave because they are driven by quite reasonable and mature considerations and there are also those who are reckless because they only look at the benefits. For those who are reckless because they only look at the profit opportunities, I think they will not be able to survive the journey of long-term accumulation, they will not be patient because what they have in mind is always about real profits, plus there are some worries about losing because Bitcoin will not always make your journey easier, there will be several conditions where you are very worried when you see surprising market movements.

It is not uncommon for some people to fail when they are in conditions like that and they prefer to go home by taking the remaining money in the form of bitcoin or 0.0 something like that. Therefore, this is where careful consideration is important for a strong defense and belief in your journey. If you are very sure about how big Bitcoin will be in the future, driven by the knowledge and references you get from several sources, then I think there is no reason for you to just give up.

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November 25, 2023, 05:18:10 PM
 #111

What is your view on #Hodling Guys?
Hodling is a quest of an investment journey with a geographical features that is accompanied with zizagrious tournaments where ones goal is aimed to be be crown a championship in a trading firm which tactically requires an investor to  adopt patient on no matter how tempted the situation maybe attracted and the ability to control its emotions for a long period of time with the hope to make a hugely profit

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November 25, 2023, 05:21:22 PM
 #112



#HODLing is not a smooth journey, do you agree? Grin

I agree that #HODLing is not a smooth journey. It is a challenging journey, requiring patience, trust and the ability to tolerate risks.

When you HODL, you are betting on the future of an asset. You believe that the value of that asset will increase over time, even if its value fluctuates in the short term.

This can be very difficult, especially when the value of the property declines. During these times, you may be tempted to sell and get your money back. However, if you sell, you could miss out on the opportunity to make big profits in the long term.

To HODL successfully, you need to have a plan and stick to it. You need to determine why you are HODLing and how much risk you are willing to accept. You also need a risk management strategy to help you weather periods of volatile prices.

SUGAR
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November 25, 2023, 06:08:56 PM
 #113

You need patience when holding because this decision is not made easily, negative issues affecting BTC could cause the price to fall and other things that can cause investors' toughness to be tested by the fluctuations that occur in the Bitcoin market. Achieving a level of success in investing requires patience and learning from experience. Bitcoin which has succeeded in breaking negative issues and its popularity is increasing even though there are parties who are not happy with its presence, is always able to show its strength with the surprises it always provides. Only people who are able to be patient and brave in defending their decisions will make big profits when Bitcoin is at its peak price.

Of course, patience is the next step and before achieving that they have to put a lot of time into thorough consideration and look at various angles about the risks they are going to take. There are those who are brave because they are driven by quite reasonable and mature considerations and there are also those who are reckless because they only look at the benefits. For those who are reckless because they only look at the profit opportunities, I think they will not be able to survive the journey of long-term accumulation, they will not be patient because what they have in mind is always about real profits, plus there are some worries about losing because Bitcoin will not always make your journey easier, there will be several conditions where you are very worried when you see surprising market movements.

It is not uncommon for some people to fail when they are in conditions like that and they prefer to go home by taking the remaining money in the form of bitcoin or 0.0 something like that. Therefore, this is where careful consideration is important for a strong defense and belief in your journey. If you are very sure about how big Bitcoin will be in the future, driven by the knowledge and references you get from several sources, then I think there is no reason for you to just give up.
Patience and extreme dedication because if you dont have these things then you are really that susceptible when it comes to decision making considering that it would really be that not would be so simple on
making yourself that able to handle yourself when it comes to sudden change of market condition on which it would really be that able to change up your decisions which its really that a very possible situation
to happen. HODLING might really be  that sound so simple to hear at but when you are on the said situation on which it is really that much too hard specially when you are witnessing  various market
conditions on which it is really just that hard to resist to neither buy or sell.

You would really be that passing tons of storms and waves on which you would really be liking to sell your holding specially when you do see negative PNL and you would really be boggling
up your mind whether you should really be holding further more or not. Actually the main enemy you do have here is yourself or simply with your emotion and mindset because on the time
that you are really seeing your portfolio is really that in trouble then it is really that too damn hard to make up decisions and this is why if you are holding
then better not to be too active on checking out the market and distract yourself into other things.

R


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November 25, 2023, 08:04:09 PM
 #114

Well, if you're guarding your bitcoins 24/7 then it's going to be a rough journey for you because any movement that will happen to the bitcoin is going to test your emotions and the movement is constant and will happen a lot of times. If you really believe in bitcoin then it's a smooth journey for you because you know that at the end of the day, bitcoin will be growing even if the bear season comes and that your waiting for bitcoin to grow will always be worth it. Trusting the process will make your so-called HODLing journey much smoother than you expect it to be.
In my opinion, holding is best strategy to invest in Bitcoin because this journey could be non smooth but you should invest in long team and if someone is investing for a couple of years ,he would get a good chance to enhance his wealth. Trading is very very risky than holding and if someone is Bitcoin investor and he is Bitcoin trader ,he will face many risks daily. But if someone is Bitcoin holder ,he will see the market  situation and then he will act against the market. The main purpose for investment in Bitcoin is to be rich person in society and holding will make a Rich person to anybody.
Holding might not be a smooth journey but more pefereable and better compared to trading, the thing have observe with trading, trading has it own unique strategy and anyone who lacks that strategy will not make any profit that's why we hear alot of stories concerning trading and loss. Just like what everyone is saying hold long term, but the problem investors get these days, they are not patient enough to hold long term. In my own opinion anyone who is not patient enough to hold bitcoin long term is not a real investor, I think the first thing everyone needs to know before starting to invest in bitcoin you need to be patient with your holding but sometimes it's not easy to say because everyone wants fast profit but bitcoin investment doesn't work that way.
Most people will say trading is much better due to their experience and no doubt, people who know the trading strategies earn from trading, it just depends where you're good at.

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November 25, 2023, 10:57:46 PM
 #115

Out of sight, out of mind. That's what I always say when I hold cryptocurrencies for extended periods of time. The thing about holding is, the more you bear in mind that you have cryptocurrencies that are at risk of losing value on the US market, the more you're going to be agitated about cashing them out, which is a massive problem cause the moment you do cash out, the results of your holding are final and irrevocable. Now, if you really couldn't put your mind out of the coins you held, just think of it this way. When you're holding crypto, even if the market outside's in shambles, as long as you don't sell and you're with a good crypto, chance of recover and uptrend is still there. So don't sell your cryptocurrencies on a whim, and actually hold for dear life.



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November 26, 2023, 02:41:45 AM
 #116



I still believe that HOLDING is much better than trading. As you can see in the provided image, holding for the long term involves less stress and risk compared to trading, where you could potentially lose your investment. Successful holders outnumber successful traders. However, it doesn't mean holding is without challenges. During the holding period, an impatient investor might sell, fearing the price might drop further or gotten to it's ATH. It requires emotional strength and avoiding FOMO (fear of missing out) to hold for a long time. Every investment plan has its downsides, but it's essential to choose one with a lower chance of loss and a higher chance of making profits.
This image isn’t true. Trading and hodling can both be profitable. The reason why most people don’t trade is because they do not have the skills required. Isn’t trading the same a temporary hodling? If you look closely, you’ll see that they are the same. A trader will want to take the little gains he sees but someone hodling will want to hodl for long hoping for better gains. If you happen to have the skills required for trading, I advice that you trade (even as you hodl).



 

 

 

 

 

 


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November 26, 2023, 05:32:00 AM
 #117

Of course holding is not a small journey not as we hear it. There are many emotion controlling issues and many emergency situations. When it comes to emotion control, when an investor wants to invest in Bitcoin in the beginning, it is less in him. Then when the market conditions he experiences realistically, he follows the long term strategy if he is a smart bitcoin investor. But be it a beginner or an experienced trader everyone has to complete the long term strategy by passing the traps mentioned in your picture.


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November 26, 2023, 07:23:35 AM
 #118

Investing is an easy step for an investor but holding that investment is very challenging for an investor. An investor usually goes through various challenges in holding the investment and there are many situations when the investor is forced to sell his investment even if he does not want to. After investing it is seen that an investor may face financial crisis when that investor has no choice but to sell his investment. But those who can hold on to the investment despite taking on so many challenges are truly true investors. There are bound to be hurdles in retaining investment and we have to cross those hurdles and retain our investment though the road is very tough but if we can cross the tough road then surely we will get good from investment.

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November 26, 2023, 08:15:33 AM
 #119

And those that who don't know how to evaluate the market looks smarter than those that are experimental with trading and didn't find any success on it.
There are times that the lesser efforts that we do is actually productive than of those that have been trying hard but they don't know what they're  up to in reality.
That's why if those holders just hold because somebody said so and they have obeyed, I guess they're smarter than of those that keeps on trading without knowing how to execute it properly.
It is kind of ironic that traders supposedly try this activity as it is a way to obtain more profits than just holding your coins, but in the end the majority of those traders end up losing money or making way less money than what long term holders make, so long term holding is not only a great strategy to make money,
Yes, most of the traders are losing their money and that's why it's hard to just trade and keep going on with it. You'll get tired eventually with that strategy and what you'll want to do is to make more by just holding. You don't need to do that much but as long as you have money to invest, you'll be fine in accumulation.

it is also a very effective one as once you have selected the assets you want to buy, there is not really much for you to do anymore.
Definitely.
And that's what we're doing by just holding Bitcoin. People still don't see why many of us are crazy in doing that and even advocating and telling them to just buy and hold it.

Well, to be frank, I see that bitcoin is really proven and tested for long-term investment. I read something here on the forum that it is good to hold Bitcoin if we hold at least one or more Bitcoin, because if you make 100k$ per bitcoin, you will earn quite a lot from it.

But if it doesn't reach at least 0.1 btc, it's better to turn your capital in bitcoin to another cryptocurrency that has my potential and has the ability to go along with the rise of bitcoin, even if it's not equal to its value. Because there is a higher chance of earning more than what you will earn in Bitcoin. I also agree with this point. And most of the communities here are developing and changing livelihoods because of altcoins or cryptocurrency. That is the reality that happened in 2017.



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November 26, 2023, 08:36:50 AM
 #120

Yes, i felt badly to holding Bitcoin and altcoins. After my investment my portfolio is gradually reducing. But i was panic when i see my initial balance dropped 20% even after long term holding but on the other side i need money, i sold my coins and loses -20%. I realized in the several times holding isn't an easy job, need to hold extra money which i don't need it at anytime.

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