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Author Topic: what things can do if i hodle for long time crypto  (Read 353 times)
udayantha11 (OP)
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May 07, 2024, 04:17:45 PM
 #1


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

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-2023 would most likely be as bearish as 2022-
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May 07, 2024, 04:47:17 PM
 #2

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.

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May 07, 2024, 05:00:18 PM
 #3

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.

Yes. All you need a positive attitude. The prices of crypto has risen and fallen but if you see an yearly moving average, we are on a sharp rise.
If you are buying coins for long term, it's safe to assume that you'll not have a loss unless you sell for lower price than you bought it. i.e. hodl without stress.
To increase your profit, another thing you could do is averaging. If you believe in that particular coin and its price has got much lower than what you bought it for, you can buy some more to lower your average cost price. Another thing people do along long term investing is swing trading. You allocate some amount to be sold where there are price hikes and buy more when there are dips.

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May 07, 2024, 08:06:10 PM
 #4

In order to hodl you need invest in the right coin like Bitjin or any other top altcoins which has potential of continual growth, second thing you need to do is set a target price when you want to sell by setting alert and don't bother checking it, in my case I transfer my long term funds into a seperate wallet so I don't constantly be reminded of my hodlings while trading on other asset, rey this it helps.

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May 07, 2024, 08:19:20 PM
 #5


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 don't just have to put it on hold but you also get updated news about the projects on hold.  You hold a coin and if for some reason the coin you hold dies from the market then your entire investment will be wiped out.  So you will know about the update news instead of just holding it and sometime if you get huge profit then selling the project you are holding is a good idea I think.

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May 07, 2024, 09:19:36 PM
 #6

To avoid panic selling you don't have to check the market often so that you won't have heart attack. And the best ToS avoid this it is better you buy the coins and use a airgapped wallet and dumped it at somewhere else and only copy the wallet address to refill the wallet whenever you are ready. And stop checking the market price. Because there are time when you check the market and the price is not doing well then your will be afraid to sell your coins.
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May 07, 2024, 09:35:56 PM
 #7


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
Then you need to be serious with that Holding Long-term. Choose a potentially long-term project like ETH, don't always check the market price, and enjoy yourself with other stuff. It is just like after buying them, you just do not need to think about it. Usually, people can't move on and are not able to hold on longer because they always counting on their investments. That is why we need to trust our invested coin and leave no doubts about its potentiality as this will give us confidence and easy for us to hold longer because we have nothing to fear believing that it will recover when there are price corrections.

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May 07, 2024, 09:44:14 PM
 #8

what are methods you used to forget the market conditions and keep hodl?
Choosing the right crypto to invest which is going to make you chill even you hold during at volatile times.

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 don't have to do that at all times. You're only adding pressure to yourself if you do that and that's why all you need to do is to be calm while you read the market and if you're holding BTC, you have nothing to worry about.

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May 07, 2024, 09:45:52 PM
 #9


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. 

To be honest this is normal for every one just starting their journey into cryptocurrency. You will be on the news for your coins and you wouldn’t be able to take your eyes or attention off your wallet. With time you will be able to overcome this if actually you invested well.

My advice is once you get to buy a coin just use an amount that you can afford to lose to buy them, this will give you the ability to hold in patience and not been in panic of a loss.

You don't just have to put it on hold but you also get updated news about the projects on hold.  You hold a coin and if for some reason the coin you hold dies from the market then your entire investment will be wiped out.  So you will know about the update news instead of just holding it and sometime if you get huge profit then selling the project you are holding is a good idea I think.

This is the reason why you shouldn’t invest in pump and dump coin and only treat bitcoin as the only coin you can be Able to hodl for long and the rest as pump and dump that should be ditch immediately you get a profit.



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May 07, 2024, 10:14:02 PM
 #10

That is one factor that hinders some investors from investing their coins.Op you don't have to monitor the price of the market all the time because the cyptro price is volatile.Holders are meant to accumulate during the dip and not regretting during the dip season,such regrets during the dip motivates an investor to sell his/her coins.So my advice to all the holders is hold your coin at bearish season,when the bullish season will come it is something every holder will benefit.
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May 07, 2024, 10:30:29 PM
 #11

We might not be the same and this might not work for you but I literally just say repeat my goals to myself. I know when to go and when to not so I don’t panic because I am sure of that it will go up still even when sometimes it dips.

You can also try just ignoring it. Sometimes I check it once a day and just let it be. I forget it and let it go low or up if I am holding it.

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May 07, 2024, 11:02:11 PM
 #12

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Don't go to twitter then lol. Honestly though I felt the same, Even when I invested in Bitcoin back when it was the pandemic where it dumped to iirc 8k ish? or lower even, I still had that mindset where I was so concerned whether I made money, no matter how small or big from a days movement. It wasn't something about trust on an investment or anything, just pure fear of me not knowing what the hell happened and everytime I saw that it dipped down even by a dollar, then I start getting weak hands.

I'd honestly say just grit your teeth and wait really. Around after half a month or a month, you'd start regularly forgetting to keep check of your coins and you'd be fine to hodl them for a longer time now. And to keep the idea that the money you lost is already lost, so why bother selling it instead of waiting for it to get at least back up to the original amount you invested.

 
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May 07, 2024, 11:14:14 PM
 #13

To avoid panic selling you don't have to check the market often so that you won't have heart attack. And the best ToS avoid this it is better you buy the coins and use a airgapped wallet and dumped it at somewhere else and only copy the wallet address to refill the wallet whenever you are ready. And stop checking the market price. Because there are time when you check the market and the price is not doing well then your will be afraid to sell your coins.

I agree with this, and it is much better to have a trading plan like making sure that you have SL to avoid getting a huge loss and then buying back again to make sure that you are gaining profit in the long run. DCA is the key but it depends on how you handle your portfolio and making sure that you will gain in the future.
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May 07, 2024, 11:35:52 PM
 #14


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

Self control.  Don't watch the market everyday or sit on crypto twitter it will ruin you and influence you to make moves you otherwise wouldn't make.  Dedicate yourself to making the same buys time and time again otherwise if it's just one buy and leave it alone just do that.  Pick up a hobby and focus on other things.  Go touch grass every once in awhile Smiley
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May 08, 2024, 03:48:44 AM
 #15

what are methods you used to forget the market conditions and keep hodl?
Keep hodl and earning through staking. Im still 4x from my intiial investment. THat's why i choose to take the low risk trick by staking all of my assets to get free airdrop. This is also helping me a lot to double my assets too through the free airdrop that i will receive it.

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. 
If you don't have strong mentality at this moment. The better if you are staying away from the market and your gadget. It's to ensure you will not get a mental breakdown by seeing the down trend happened to the market.


please update what things you do
Just keep investing and staking. You know that if it's the only ways to help me gain a lot of beneifts during the bearish trend. There's no something special with it.

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May 08, 2024, 03:55:28 AM
 #16

Yeah if you want to be successful at holding you need to avoid the news of crypto, especially from twitter. There are always bearish market reports and it’ll scare you into selling your crypto.

If you want this as a long term investment then you don’t need to read about crypto daily. The protocol will remain the same in a year or two . You don’t need to worry about not being able to access your bitcoins. Most upgrades are backwards compatible. So there is no need to stay current. Just log off and check back in a few years.
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May 08, 2024, 04:39:00 AM
 #17

In order to hodl you need invest in the right coin like Bitjin or any other top altcoins which has potential of continual growth, second thing you need to do is set a target price when you want to sell by setting alert and don't bother checking it, in my case I transfer my long term funds into a seperate wallet so I don't constantly be reminded of my hodlings while trading on other asset, rey this it helps.
Meme coins are also on a significant upward trend and you can keep them in your investment list. Reviewing past history and checking prices can even be more reassuring for you in setting long-term investment goals. The confidence you have in investing in Bitcoin may not be the same in other alt coins so it's best to do your due diligence to avoid regrets. But your satisfaction may lie in long-term holdings that have the potential for huge returns in the future.

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May 08, 2024, 08:19:14 AM
 #18


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
I don't know why you have to do something that is already making you panic because it will actually get worse for every decision you make.
You should do in-depth research before deciding to buy coins because your actions will not affect the market and the profit you get, only by doing in-depth research can you choose the right coin and allow you to make a profit.
Even though you keep looking at market conditions, when you are sure of your choice then it should not cause panic because the increase could be because you chose a coin based on feelings or other people's advice.

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May 08, 2024, 08:36:32 AM
 #19

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.
Just keep off of social media, mate. I also used to panic before and would constantly check the price of the coin especially during times where it seems to be going down or up.

When it seems to be going down, it’s hard to ignore it and keep holding because you are worrying whether will it be permanent or not?

When it’s exhibiting a bullish trend you are tempted to sell but if you plan on holding until the nick of time then it might be hard to keep the confidence that it’s still going to go up after that.

Quote
please update what things you do

I just pretended that it wasn’t there. I might be hard to not check its price every now and then so I just did other things or chores I could busy myself with so that I don’t think about what the price is. Log off of your social media.

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May 08, 2024, 09:14:11 AM
 #20

you just need to leave it be brother, as long as you buy at low price there's nothing to worry really, also, using money that you can afford to lose might help, i mean it might not make sense, every money is needed but know that you already sorted out most of your daily needs you have bigger chance of having less fear about your portfolio turning red.

always looking at the chart, CMC, twitter and so on just for the sake of keeping your portfolio safe despite effective could give you mental strain, you can actually get alarm if the price moves drastically anyway.
you better off just letting your coin sit and then let the crypto apps do all the heavy work such as CMC app giving you alert, even exchange nowaday have the same feature, they always give reminder whenever there's significant price change.
most of the people that invests also always ended up having a good ending when they just forget they even have crypto in their investment portfolio.

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