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Author Topic: #HODLing is not a smooth journey  (Read 1701 times)
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February 04, 2024, 03:32:52 AM
 #241

I've been through a lot in the world of HODLing - from missed opportunities to anxieties over FUD and market downturns. Emotional resilience and learning from my own mistakes have become crucial lessons for me. Over the years, I've come to understand that HODLing is not just a strategy but a true art.
The HODLing is not as difficult as you guys take it, it is as a matter of fact the most convenient way of making investments so long as your choice of asset is good and promising. All you need to do is to set and forget, and it is even an investment inside investment, so it is not the usual way of investing as many people wrongly perceive it. If you are investing in the normal way, you could be having doubts, anxiety and fear, and this could force you to do what you never expected or planned for and will start regretting it later.

But that is for the mindset of those who do not know HODLing but believe it is a normal way of investment. If not, the asset would be bought and the value would be forgotten by the investor, be it bad or good. This is the way the shares holdings and stocks are purchased if one is a core investor, they do not bother about it for years if not decades regardless of how it buys or sells. By this, you will not be able to know whether or not it has appreciated much to the extent that you would be tempted to liquidate it which might cause regret if you later see it far above your liquidation price. I think this mindset has to change for people to enjoy their HODLing, especially in cryptocurrency.
Seriously? Set and forget ? If only it were easy. HODLing sounds easy when you're winning, but it's more than picking a winner and waiting for the prize. The economics behind Bitcoin's massive growth are key. Not a passive income scam, but a decentralized financial revolution
Yes, seriously, but this is not compulsory, and one thing that matters is whether you want to HODL your asset or you just want to invest it in some regular kind of way. What I tried to explain there is just for people to know the difference between the HODLing they are lousy about but are not actually practising, and the normal investment they are practising which they often mistake for HODLing. HODLing is a serious set-and-forget plan for cryptocurrency, and it is just like what the core ardent fans of Bitcoiin are practising.

They might leave it for 5 years, or 10 years, they do not care whether it is buying or selling, they only care about their belief and trust in the coin. So if anyone does not have the mind, they shouldn't HODL, it is not by force, they can just invest as a regular owner of Bitcoin where they can get to move in money when they know it will buy and move out money when they know it will sell. Just like how we are expecting the halving and people are moving in their money, and when it is in 2025, some people will move out their money, that is a different ballgame. Like me, 75% of my Bitcoin is for the regular investment that most people practice, but the remaining 25% is for HODLing.

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February 04, 2024, 10:18:53 AM
 #242

If we are sure about crypto assets, I would agree that holdings are good in the long term, actually, because we can get a profit for sure in that matter. So of course, while we are holding a holding asset, we have a passage that we must prepare for.

Because this is where our patience, or being patient, is measured, when we are taken by what is happening in the market, if we pay attention to the fact that what is happening is a decline, it is possible that it will break or test our patience. We should not be taken by negative events in the market.



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February 04, 2024, 03:58:01 PM
 #243

If we are sure about crypto assets, I would agree that holdings are good in the long term, actually, because we can get a profit for sure in that matter. So of course, while we are holding a holding asset, we have a passage that we must prepare for.

Because this is where our patience, or being patient, is measured, when we are taken by what is happening in the market, if we pay attention to the fact that what is happening is a decline, it is possible that it will break or test our patience. We should not be taken by negative events in the market.

It is believed that cryptocurrency will be more evolving in the future and perhaps holding any valuable coin will not be a bad idea. The ups and downs in between the hodl journey should not matter much as long as the assets will continue to be valuable.
Only when there is fear an asset can lose value in the future should holding be worrisome otherwise you just rest easy especially holding btc.

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February 04, 2024, 04:19:27 PM
 #244

If we are sure about crypto assets, I would agree that holdings are good in the long term, actually, because we can get a profit for sure in that matter. So of course, while we are holding a holding asset, we have a passage that we must prepare for.

Because this is where our patience, or being patient, is measured, when we are taken by what is happening in the market, if we pay attention to the fact that what is happening is a decline, it is possible that it will break or test our patience. We should not be taken by negative events in the market.

 Everyone is sure about their asset like that of bitcoin but they still feel distress when they see the price dumping because it is natural that people cannot bear the decline of their assets. There will be sometimes happy moments and sometimes a person mind will be totally changed because of market volatility but in such test those individuals will find victory who have patience while impatience people will not get anything instead of losing their own money.
 
 Before investment everyone learn that alterations in price is normal then why they have miss concept about losing money due to lower price. I think long term holder will not Loss money due to low price but they will loss money due to lack of patience.

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February 04, 2024, 04:40:20 PM
 #245

If we are sure about crypto assets, I would agree that holdings are good in the long term, actually, because we can get a profit for sure in that matter. So of course, while we are holding a holding asset, we have a passage that we must prepare for.

Because this is where our patience, or being patient, is measured, when we are taken by what is happening in the market, if we pay attention to the fact that what is happening is a decline, it is possible that it will break or test our patience. We should not be taken by negative events in the market.

Don't be so sure about your crypto asset, as in one of Coingeko's article they said that there are over 24k token listed on their website, and from that, more than 14k token are dead. From that 10k tokens, more than 50% are zombie tokens, which means they are listed in the exchange but no one is talking about or trading them. If this is true, then the number of guaranteed-profit projects isn't that high among the vast majority of altcoins. Though there are still a lot of projects to invest in, you need to have two experienced eye to catch them in the crowd.

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February 04, 2024, 04:45:25 PM
 #246

If we are sure about crypto assets, I would agree that holdings are good in the long term, actually, because we can get a profit for sure in that matter. So of course, while we are holding a holding asset, we have a passage that we must prepare for.

Because this is where our patience, or being patient, is measured, when we are taken by what is happening in the market, if we pay attention to the fact that what is happening is a decline, it is possible that it will break or test our patience. We should not be taken by negative events in the market.

It is believed that cryptocurrency will be more evolving in the future and perhaps holding any valuable coin will not be a bad idea. The ups and downs in between the hodl journey should not matter much as long as the assets will continue to be valuable.
Only when there is fear an asset can lose value in the future should holding be worrisome otherwise you just rest easy especially holding btc.
If we believe that crypto currency will be able to develop well in the future then we will try to collect as much as we can in order to make a profit in the future and we must understand well the type of coins we will choose to collect and we must can hold it for a long period of time, as long as the asset we hold has potential of course we will not be affected by the price ups and downs that occur. We stick to the initial goal we have set to be able to generate profits in the future, if we choose to hold BTC of course we will not worry about the potential of the coin.

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February 04, 2024, 06:37:35 PM
 #247

If we are sure about crypto assets, I would agree that holdings are good in the long term, actually, because we can get a profit for sure in that matter. So of course, while we are holding a holding asset, we have a passage that we must prepare for.

Because this is where our patience, or being patient, is measured, when we are taken by what is happening in the market, if we pay attention to the fact that what is happening is a decline, it is possible that it will break or test our patience. We should not be taken by negative events in the market.

The traders should learn more about the cryptocurrency,then the trader can able get the money by just staking in the wallet.Because some of the experience traders use to earn money from the exchange staking and the holding of most potential coins.The traders should withdraw the coins with the profit,because when the market was changed the same profit will be reduced to the loss of money.

If we believe that crypto currency will be able to develop well in the future then we will try to collect as much as we can in order to make a profit in the future and we must understand well the type of coins we will choose to collect and we must can hold it for a long period of time, as long as the asset we hold has potential of course we will not be affected by the price ups and downs that occur. We stick to the initial goal we have set to be able to generate profits in the future, if we choose to hold BTC of course we will not worry about the potential of the coin.

The trader who know the more about the cryptocurrency will know which coin will be the trusted one.Because the altcoin also made the many traders to the maximum amount as profit.One of my friend had brought the luxurious car using the profit money from the coin listed on the binance during 2019.So the trader should ready to analyse the coin before investing their money.

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junder
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February 04, 2024, 10:49:49 PM
 #248

It is obvious that holding is not easy journy as people take it because many time people have to face undesired market sentiments. Many time holder take  wrong decision because they fall prey to FOMO through fake social media news. Many times they take impulsive decsion. The best thing is that if you are planning to play for long term stick to your plan because if you road off from your plan it will creat problems throughout your journey.

That's right, HOLDing is not an easy process, because I think it requires skills to be able to run it well, in other words it requires strong consistency, because as you said about the number of people who are victims of FOMO, there are cases, because who doesn't want profit, so they do it. But with this, I think we must be able to track well so that we don't take careless actions that will harm our HOLDing journey or process.

That's right, strong principles and consistency must be possessed, especially in making long-term investments, of course this is not an easy thing, in my opinion many people who do long-term HOLDing fail in the middle, where they start to get tired or waver. Therefore we must be smart, wise in selling the assets we have or do it at the right time.

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bots1
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February 05, 2024, 11:01:55 AM
 #249

Indeed, HODL is easy to say but difficult to do, especially for beginners who are just getting involved in crypto investment. When using the HODL strategy, it is very necessary to be able to manage stable emotions in the face of market pressure. Not only understanding the market, but psychology is really needed because if we can't manage our emotions properly we will experience losses. Apart from that, when we HODL, use idle money because this is also necessary so that the strategy we have planned is not disturbed by our living needs.

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ultrloa
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February 05, 2024, 12:59:34 PM
 #250

It is obvious that holding is not easy journy as people take it because many time people have to face undesired market sentiments. Many time holder take  wrong decision because they fall prey to FOMO through fake social media news. Many times they take impulsive decsion. The best thing is that if you are planning to play for long term stick to your plan because if you road off from your plan it will creat problems throughout your journey.

That's right, HOLDing is not an easy process, because I think it requires skills to be able to run it well, in other words it requires strong consistency, because as you said about the number of people who are victims of FOMO, there are cases, because who doesn't want profit, so they do it. But with this, I think we must be able to track well so that we don't take careless actions that will harm our HOLDing journey or process.

That's right, strong principles and consistency must be possessed, especially in making long-term investments, of course this is not an easy thing, in my opinion many people who do long-term HOLDing fail in the middle, where they start to get tired or waver. Therefore we must be smart, wise in selling the assets we have or do it at the right time.

Aside from skills and knowledge regarding on what they are doing people also need enough money to spend or back up so that they can make this HODL plan became successful since we know what might possibly happen there if they don't have enough financial capability and everything might be in negative position especially that they will be defeated in their emotion. That's why they need all of that to be prepared so their HODL journey became so smooth also they can able to let those balances stuck on their wallet since they have other balance to use for other activity that they want to participate.

I know some struggle to do HODL even if this is simple only but once they get a lot of knowledge thru experience they get here for sure there's a lot of people will participate and like the idea about to HODL their bitcoin.

R


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