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Author Topic: what things can do if i hodle for long time crypto  (Read 353 times)
bluebit25
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May 11, 2024, 08:24:53 AM
 #41


what are methods you used to forget the market conditions and keep hodl?

In my story , i always log to twitter and see what is happing , see coinmarketcap always, see youtube videos related to crypto. so this makes me sometimes panic , fear. 

please update what things you do

You can quit that habit, and look for other methods such as learning more knowledge and other skills in the market. Many newcomers are too dependent on information from KOLs on social media or YT.

I know a lot of people have the unstable mentality of holding on to something that is volatile and can't help but get FOMO in the market, but when they realize that doing nothing is harder than even bothering daily. Basically, we all want investments to profit quickly, leading to greed that controls us with behaviors that can lead to mistakes in the investment process. So try to master your initial investment by doing thorough research without depending on news or anyone.

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May 11, 2024, 10:32:16 AM
Last edit: May 11, 2024, 06:32:22 PM by Sayeds56
 #42

Telling myself that there will be a bump after every dump so selling for loss doesn't make any sense is the most logical way to think in such a situation.

For HODLers, things are pretty simple, just buy and forget to cause your goal is to hold for for years so there is no point at looking every market move that will make you frustrated and tempted to do wrong things that you didn't want to if you are in clear mind.

Absolutely, maintaining a long term perspective is the key o success in cypto provided you are holding on good quality coins. Those who are committed to "HODL" it is very simple to focusing on fundamental value of the asset and its potential growth overtime, rather than getting caught in day to day price movements, investors can avoid stress by sticking to their investment goals. DYOR

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May 11, 2024, 11:50:52 AM
 #43


what are methods you used to forget the market conditions and keep hodl?

In my story , i always log to twitter and see what is happing , see coinmarketcap always, see youtube videos related to crypto. so this makes me sometimes panic , fear. 

please update what things you do

The crypto market has existed for a very long time to still be scared. You can start by dropping a little bit of the information research. Stay away from videos and texts that'll make you sacred. If you come across some of them unexpectedly, you should always tell yourself that after every dump is a pump, and the more you wait, the more you gain.

You can also lock your assets. I think alot of wallets have such features and if you'll still feel scared or tempted, you can purchase a hard wallet. Very useful and safe.

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May 11, 2024, 12:11:36 PM
 #44

Telling myself that there will be a bump after every dump so selling for loss doesn't make any sense is the most logical way to think in such a situation.

For HODLers, things are pretty simple, just buy and forget to cause your goal is to hold for for years so there is no point at looking every market move that will make you frustrated and tempted to do wrong things that you didn't want to if you are in clear mind.
There's pump and dump season in the market, we barely understand how the market operates and fixed ourselves into a particular one. The market have different seasons and they look for a way to manipulate or further persuade us to do things weigh out of the picture. We should always look up to ourselves and our risk management, always surfing out solidable means to look out for ourselves. I'll never forgive myself if I'm down by huge losses and trust me when I say, there's absolutely everything to worry about when it comes to do with crypto.

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May 11, 2024, 01:49:01 PM
 #45

I simply not opening my wallet and crypto news, I have a lot of other things to do. I mean, I check my portfolio every day, but I do that once or twice a day. And I watch the news once or twice a week. That could be bad thing if I traded crypto, but for holding it's working well.
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May 11, 2024, 02:00:33 PM
 #46


what are methods you used to forget the market conditions and keep hodl?

In my story , i always log to twitter and see what is happing , see coinmarketcap always, see youtube videos related to crypto. so this makes me sometimes panic , fear. 

please update what things you do
First, Ensure that the coins I'm holding are not shit coins to be. The way is at least to pick the top coins (Of course, Bitcoin is my first pick, more than others).
Then, move them into non-custodial wallet.

Set the target that I'm going to reach for the price of coins that I'm holding. each coin commonly has its own targeted price, so I'd like to check it when in bullrun whether it is rising up or dead. I'm also setting the target of time period, whether I'm going to invest or hold for very long time or for certain period (bearish - bullish).

Then, sometimes, check the market condition. It will of course go up and go down, but what to remember, never panic whatever the condition before the target is reached. Panic selling or buying will only harm our hodling.

Anyway, doing more accumulations to add more coins is also suggestable to do.
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May 11, 2024, 06:52:13 PM
 #47


First, Ensure that the coins I'm holding are not shit coins to be. The way is at least to pick the top coins (Of course, Bitcoin is my first pick, more than others).
Then, move them into non-custodial wallet.

Set the target that I'm going to reach for the price of coins that I'm holding. each coin commonly has its own targeted price, so I'd like to check it when in bullrun whether it is rising up or dead. I'm also setting the target of time period, whether I'm going to invest or hold for very long time or for certain period (bearish - bullish).

Then, sometimes, check the market condition. It will of course go up and go down, but what to remember, never panic whatever the condition before the target is reached. Panic selling or buying will only harm our hodling.

Anyway, doing more accumulations to add more coins is also suggestable to do.

Absolutely, it appears you are suggesting to build a solid plan for managing cryptocurrencies investment. Yet, it is equally important to stay disciplined, adhere to the strategy diligently, and stay patient while navigating the volatility of crypto market. This approach can possibly increase the chances for optimum profit when market trends bullish.

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May 11, 2024, 07:10:58 PM
 #48


what are methods you used to forget the market conditions and keep hodl?

In my story , i always log to twitter and see what is happing , see coinmarketcap always, see youtube videos related to crypto. so this makes me sometimes panic , fear. 

please update what things you do

Do you know what gives people confidence in holding? There are many of them but I will share you the basic ones you need and not bore you with plenty of them.

First of all, if you want to have peace of mind in anything that you buy in this crypto market, you must use the money you can afford to lose. Don't go and use your savings, emergency money or even health funds to invest in crypto thinking that it will grow later, you might kick wrong financial decisions with such kind of move.

Secondly, this one is very important : Buy what you know that will always recover when other coins are making recovery, don't buy coins that have a lot of supply and are very much in circulation, such coins experience sell pressure each time and you may lose confidence in such coins.

My last but not the least advice is to invest in a coin that team are well known with good reputation, don't invest in a coin that when something happen tomorrow they will be around to sort it and not exit or run away as many projects has done in the past leaving investors hanging.

Good luck.

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May 11, 2024, 07:11:12 PM
 #49

Just like with any investment & not just crypto, it’s not good to panic if the price dips because that’s when you make irrational decisions & might panic sell. In market downturns, it’s actually the best time to buy providing it’s a good coin. HODLING for a long time has proven to be a very good strategy & I assume will continue to be.

Fear in the heart of those individuals is common to those who don't have any knowledge but experienced investors will never have fear in their heart about their loss. If you carry your investment without any fear by keeping in mind that this drop in price is not a matter of concern then all the things will be fine.

Those who don't have time to see the market price on a regular basis should keep their investment for the longer term so in this way his fear will be less and his profit will be big.



 

 

 

 

 

 


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May 11, 2024, 09:28:11 PM
 #50


what are methods you used to forget the market conditions and keep hodl?

In my story , i always log to twitter and see what is happing , see coinmarketcap always, see youtube videos related to crypto. so this makes me sometimes panic , fear. 

please update what things you do
Buy Bitcoin, leave it in personal wallet.
Check the market if you want to check. Don't do  it too much because sometimes, ti will disturb your patience and efforts to hodl, moreover when checking, the price is significantly dropping or even rising up. So, ensure hat you sett he target of when you are going to sell, based on time or even from price increase.

Those who don't have time to see the market price on a regular basis should keep their investment for the longer term so in this way his fear will be less and his profit will be big.
Yes, if the condition is that you have a history of fear or panic that is quite high, it would be much better after buying Bitcoin not to keep checking the market. Because to be honest, this can really affect the desire for long holding. It could be that it actually makes it easier for someone to quickly panic and sell it.

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oktana
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May 11, 2024, 11:18:30 PM
 #51

Staying up to date with the project you invested in is one great way. Staying up to date is more than just forgetting the market conditions but also understanding how the project is reacting to it. If you notice they aren’t handling it well then you may want to take out your money. If not, you will be reminded of the goal and see the need to keep on hodling.
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May 11, 2024, 11:35:33 PM
 #52

Telling myself that there will be a bump after every dump so selling for loss doesn't make any sense is the most logical way to think in such a situation.

For HODLers, things are pretty simple, just buy and forget to cause your goal is to hold for for years so there is no point at looking every market move that will make you frustrated and tempted to do wrong things that you didn't want to if you are in clear mind.

Absolutely, maintaining a long term perspective is the key o success in cypto provided you are holding on good quality coins. Those who are committed to "HODL" it is very simple to focusing on fundamental value of the asset and its potential growth overtime, rather than getting caught in day to day price movements, investors can avoid stress by sticking to their investment goals. DYOR
People has benefited from holding and we need to be prepared because it worth it and we can make good earnings if we know how to hold in such a way that the next movement could be a surge in price of the token we are holding.
We all want to make money and that is why we keep seeing people even the ones that are not investors taking about investing in cryptocurrency. It is good and important for us to earn some money from the bull market.

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May 14, 2024, 01:51:23 PM
 #53


what are methods you used to forget the market conditions and keep hodl?

In my story , i always log to twitter and see what is happing , see coinmarketcap always, see youtube videos related to crypto. so this makes me sometimes panic , fear. 

please update what things you do
Stop doing things that make you feel that way, and that's it Smiley.

When you fear something, you stay away from it as much as possible, so if you think staying aware of the market and staying up to date with news and stuff makes you panic or have fear, you should stay away from these things to see how it goes.

I wouldn't suggest anyone that by the way, because I believe one should stay updated at all times, and if you think you panic because of this, you need to increase your knowledge about Bitcoin and cryptocurrencies and understand how things work before you feel that way and exit the market.

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May 14, 2024, 02:16:56 PM
 #54


what are methods you used to forget the market conditions and keep hodl?

In my story , i always log to twitter and see what is happing , see coinmarketcap always, see youtube videos related to crypto. so this makes me sometimes panic , fear. 

please update what things you do
This happens when you don't invest in trusted coins. If you are holding a trusted coin, with high utility, liquidity and the rest, you will not panic whenever there's a dip. It's only when you hold some worthless coins that got popular through the trend hype that you will be anxious when there's a drift in price.

After investing for long time, find something doing with your free time, this will keep your mind engaged instead of remaining idle and thinking about your investment

R


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Ricardo11
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May 14, 2024, 03:19:04 PM
 #55

Those who are real holders, they never invest by looking at the value. Their only goal is to invest and hold. Whether the value of the coin is low or high, they continue to invest and hold using the DCA method on a regular weekly or monthly basis.

Remember, whether you invest in a coin when its value is low or invest when it is high, if you can hold it for a long time, it will definitely guarantee you a big profit.

But for this you must invest in a good coin, if you invest in a bad alt coin or meme coin, it can guarantee you not only profit but also loss for sure. So before investing it must be good to research and invest in any good alt coin or if you want you can invest in Bitcoin too Bitcoin is the best coin for long term holding.

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May 14, 2024, 03:49:25 PM
 #56

Holders must be thinking about what challenges they will face when the market dumps, but it is still very natural not to experience losses.

For me, we will be holders, just study the movement of an altcoin that we want to buy, wait until we are sure when it goes down, buy and save until the altcoin rises up to 10x or even more.

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May 15, 2024, 09:30:01 AM
 #57


what are methods you used to forget the market conditions and keep hodl?

In my story , i always log to twitter and see what is happing , see coinmarketcap always, see youtube videos related to crypto. so this makes me sometimes panic , fear. 

please update what things you do

After you buy, do your usual activities. Even if after you buy and look for a while to wander at this time, just make your heart ache because the market continues to move up and down. right. everyone wants to see their favorite asset move up, but if BTC still hasn't moved on, I think it's the same. The market needs good news to immediately be able to rise besides the whales do not sell massively and start buying a lot of new assets we want too.


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May 15, 2024, 10:13:44 AM
 #58

But for this you must invest in a good coin, if you invest in a bad alt coin or meme coin, it can guarantee you not only profit but also loss for sure. So before investing it must be good to research and invest in any good alt coin or if you want you can invest in Bitcoin too Bitcoin is the best coin for long term holding.
It is well-known that altcoins especially memecoins are bad choices for an investor to hold for a long time. They are very volatile and most of the time they do not really show any potential to grow even in the long-term.

The best you can do with memecoins is to ride its peak and take advantage of its pumping and dumping.

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May 15, 2024, 12:54:45 PM
 #59

One can buy, hold and forget it for a long time without worrying current market situation if that crypto is well established or being main stream ( eg. btc,eth, doge, ltc etc.). But one have to go with the market if it's new as new crypto only shines for one season and then fades away slowly.

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May 19, 2024, 09:19:23 AM
 #60

what are methods you used to forget the market conditions and keep hodl?

In my story , i always log to twitter and see what is happing , see coinmarketcap always, see youtube videos related to crypto. so this makes me sometimes panic , fear. 

please update what things you do
Honestly, you do not really need to "do" anything? I mean holding literally means doing nothing and that doesn't really feel all that bad to me. I get that it may not be all that crazy to think about it that way, but it is quite often that most of the time we just end up with nothing at all, we should be considering this situation as common as it gets.

There are a lot of long term holders and should not be focusing on anything but just making it work further and further. It would be possible to ignore the prices if yo udo not care about it all that much, and I personally do not care about daily movements, it could go down or up daily, but since I have seen so much changes, that daily %10 or less doesn't mean anything to me at all.

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