At what point does HODLing stop being a strategy and become emotional?

[EL MOHA]

No one is emotionally hodling for long term. Once emotions are involved, the eagerness to buy and sell quickly for profits will already be shown, and its not good and advisable to practice that way.

But if what you are doing is HODLing for consecutive years, that is already driven by your own knowledge and wise strategy in the market, not by any high emotions that could only make you decide to sell quickly for instant profits.

I think I personally understand what OP was meaning with his question, while holding there is definitely a strategy to hold to a certain period of time before one sells the the assets or do otherwise but along the line there is a circumstance that actually prevents this from happening and this leaves the person not now hanging on strategy because they don’t know when it will actually get to the desired price, rather hanging on this actually means hanging there because of one’s emotions.

It is definitely about emotion when an holding is actually prolonged for a very long period of time because during this period there will be times where the analysis will seems off but the market will need someone which huge emotional control to actually get passed that stage during holding. for example anyone holding during this last period of this year where the market was actually bearish when everyone was after it been bullish.

[SquirrelJulietGarden]

I think I personally understand what OP was meaning with his question, while holding there is definitely a strategy to hold to a certain period of time before one sells the the assets or do otherwise but along the line there is a circumstance that actually prevents this from happening and this leaves the person not now hanging on strategy because they don’t know when it will actually get to the desired price, rather hanging on this actually means hanging there because of one’s emotions.

Deciding to have your journey as a holder with Bitcoin in this volatile market with very good ROI growth potentiality of Bitcoin is a big decision, that almost defines your result as winner or loser with profit or loss. From this good and important start, you must practice well, and maintain good discipline for a long holding time in order to gain result with profit. If you don't practice well, you might have loss that is your practical responsibility and it does not come from Bitcoin.

Some information that motivates a person holding practice with an easy number to remmember, let's hold your bitcoins for about 5 years at least for profit.
https://hodl.camp/
https://www.bitcoinmagazinepro.com/charts/bitcoin-profitable-days/

It is definitely about emotion when an holding is actually prolonged for a very long period of time because during this period there will be times where the analysis will seems off but the market will need someone which huge emotional control to actually get passed that stage during holding. for example anyone holding during this last period of this year where the market was actually bearish when everyone was after it been bullish.

Emotion is very human and all of us have emotion but by doing enough searching about Bitcoin history, the Bitcoin market history and available good accumulation and investment strategies, we will minimize effects of emotion on our practice from purchases to holding.

The Psychological Pitfalls of a Market Cycle.

[Oluwa-btc]

I believe we still have plenty things to learn here so I wanted to ask this question . We have heard on several occasions that HODLing is the best way for every bitcoin person to survive in the cryptocurrency market which I quite understand the idea but sometimes I used to wonder where the line is. Like at what point does holding stop being a strategy and starting becoming emotional attachment to a position? For example when someone keeps holding even when they know their main reason for buying is no longer there or when they begin to deliberately ignore the risks they are seeing because they are afriad of missing out ?

For those with more experience about this HODLing strategy, what exactly helps you to realize whether you are still following a strategy or you are just holding on emotionally and how do you stop or reorganize your plans?

Personally,I believe HODLing is only a strategy if it’s intentional and with purpose or direction.The moment it’s driven by fear of regret, community pressure,it becomes an emotional connection.The best investors don’t just HODL,they hold with awareness and a proper information.For example,If you can’t clearly answer why you’re holding today, you’re not investing, you’re simply hoping.

[Finebone]

, what exactly helps you to realize whether you are still following a strategy or you are just holding on emotionally and how do you stop or reorganize your plans?

Holding is a lot easier when you are doing it with your discretionary income, because it's the money left after all basic needs have been met, but when you invest in bitcoin with money beyond your discretionary income, panic and emotions will comes into play in a very short while in the future, especially when the market dip more than expected.

So to answer your question, if you panic or start being emotional while holding, then that means that you are not investing the right way, you are investing what you can't do away with, so correcting the wrong approach should be what you should be doing at that point.

[beerlover]

Personally,I believe HODLing is only a strategy if it’s intentional and with purpose or direction.The moment it’s driven by fear of regret, community pressure,it becomes an emotional connection.The best investors don’t just HODL,they hold with awareness and a proper information.For example,If you can’t clearly answer why you’re holding today, you’re not investing, you’re simply hoping.

That and HODLing is easier than any other type of trading/investing. Over time the price of Bitcoins has gone up, and it only makes sense to just buy and wait for the right time to sell.

For daytrading you need a lot of tools and analytical skills, otherwise you end up losing a lot. I know because I tried it for a short while and never worked out for me.

It's as simple as buying stocks of a company you believe will do well in the future and once that stage is reached, you sell out or cash some of it and repeat again. The only problem is that while the time you are holding you don't earn anything on it. I don't believe in all those interest/staking platforms that pay money to lock your coins. It's better to have no interest but have full control of my coins.

[Webetcoins]

when someone keeps holding even when they know their main reason for buying is no longer there or when they begin to deliberately ignore the risks they are seeing because they are afriad of missing out ?

'they know' is the problem here. I have felt hundreds of times that the price can no longer go up, let alone doubling itself. But every time I have been proven wrong because the potential of BTC just keeps skyrocketing and don't see it falling anytime soon. Michael Saylor (correct me if I spell it wrong) is still buying despite holding almost 1% of the entire supply. So, bonding with emotions is not about positive in most cases but for thinking about unexpected negative events like sudden price fall and etc.

[passwordnow]

So to answer your question, if you panic or start being emotional while holding, then that means that you are not investing the right way, you are investing what you can't do away with, so correcting the wrong approach should be what you should be doing at that point.

We're becoming the right investors when we've experienced panicking before. And by that, we don't want that to happen again and so we learn from that mistake and eventually, we're no longer part of the panic sellers when the market turns upside down.

Personally,I believe HODLing is only a strategy if it’s intentional and with purpose or direction.The moment it’s driven by fear of regret, community pressure,it becomes an emotional connection.The best investors don’t just HODL,they hold with awareness and a proper information.For example,If you can’t clearly answer why you’re holding today, you’re not investing, you’re simply hoping.

One has to avoid the pressure that's coming from the community. I know how hard it is to avoid that but when you're focusing too much on what's the community doing, that pressure will come. If you have decided to HODL, no one should change your mind unless you see that it's going nowhere.

[Arenga pinnata]

I believe we still have plenty things to learn here so I wanted to ask this question . We have heard on several occasions that HODLing is the best way for every bitcoin person to survive in the cryptocurrency market which I quite understand the idea but sometimes I used to wonder where the line is. Like at what point does holding stop being a strategy and starting becoming emotional attachment to a position? For example when someone keeps holding even when they know their main reason for buying is no longer there or when they begin to deliberately ignore the risks they are seeing because they are afriad of missing out ?

For those with more experience about this HODLing strategy, what exactly helps you to realize whether you are still following a strategy or you are just holding on emotionally and how do you stop or reorganize your plans?

For me, and I believe for most people on this forum, the term “hodling” is only appropriate or more appropriate for investing in bitcoin by holding on to it tightly and not letting go in the long term. For altcoins, I don't think there's any reason to hodl. But I don't know how other people feel, but personally, I only hodl bitcoin.
As for the altcoins I buy and hold, I don't call it hodling at all. Because I would even sell them if they were in a profitable position. Because I buy them only because I do swing trading.
So, when it comes to holding, it's something you do from the start after you truly believe in the long-term potential of Bitcoin, which has consistently proven to increase in value and price. Even during bearish periods, in bullish markets, we've seen Bitcoin always manage to set new all-time highs. So, I probably won't get too emotionally involved in it.

[shawonngp]

Personally,I believe HODLing is only a strategy if it’s intentional and with purpose or direction.The moment it’s driven by fear of regret, community pressure,it becomes an emotional connection.The best investors don’t just HODL,they hold with awareness and a proper information.For example,If you can’t clearly answer why you’re holding today, you’re not investing, you’re simply hoping.

That and HODLing is easier than any other type of trading/investing. Over time the price of Bitcoins has gone up, and it only makes sense to just buy and wait for the right time to sell.

For daytrading you need a lot of tools and analytical skills, otherwise you end up losing a lot. I know because I tried it for a short while and never worked out for me.

It's as simple as buying stocks of a company you believe will do well in the future and once that stage is reached, you sell out or cash some of it and repeat again. The only problem is that while the time you are holding you don't earn anything on it. I don't believe in all those interest/staking platforms that pay money to lock your coins. It's better to have no interest but have full control of my coins.

Holding is easy for who is able to keep hold in long run, it’s difficult to control emotion and patience. You said it easily, just buy and keep holding to sell right time, It’s hard to wait until for good time. How many years can you wait? When see your coin price is going down, And you disappointed day by day, you panic and sell everything, If it’s easy so you have wait for long time without no profits.

[snowpega]

Bitcoin as an assets just like gold, can survive long term and increase in value,  so if your goal is to have an investment that gives you value at some high percentage rate,  why then should you panic when that long term time frame can be achieved when your profits can settle whatever bills and you still retain your initial invested capital in bitcoin as assets, why should I sell at $1 profits when I know I can sell it for $3 profits in the future since I invested my affordable cash into bitcoin, which means I am not under pressure.

There come again another dimension in the market like trading your asset, this is different from hodling your bitcoin,  this approach allows you to trade bitcoin with other coins in the market like Bnb USDT and the rest,, speculating their market.

But in all, mind the risks and never be too greedy because at the point you become greedy, you definitely tend to make mistakes in your approach and at that time you will lose more than you can afford to lose.

I was going to write relatable words, but you already said it, man. The term 'trading' is totally different from holding a great asset like Bitcoin or any other. I know bitcoin also can be traded. I believe that those who are holding their assets in spot and they are the horse of the long-term race they don't need to worry about small losses and profits. I believe that it is more easy to have control over emotion when one is holding for the long term as compared to those persons who are trading and chasing the profits in their desired set timeframe.

Where we know that trading can be in different forms; it can be in spot or future. Where future trading has more risk than spot trading. Where we also know that starting trade without having knowledge is just like that person who is gambling just to check his luck. On the other hand, if one is using the best strategy for buying Bitcoin and planning to hold it for the long term, then he doesn't need to worry much about his holding. CMIIW!

[8rch7]

Holding is easy for who is able to keep hold in long run, it’s difficult to control emotion and patience. You said it easily, just buy and keep holding to sell right time, It’s hard to wait until for good time. How many years can you wait? When see your coin price is going down, And you disappointed day by day, you panic and sell everything, If it’s easy so you have wait for long time without no profits.

Overall holding is easily during you have back up fund and keep hold the coins assets already buy at the higher price until recovery back, but if you less back up fund and all in for trading but get drastically dump I believe will difficult to hold for long term and you will not get profitable every day or every week. If some one have back up fund and get another passive income I believe can hold one or two years later but if the holding is the only assets do you have I think difficult.
Good advice if trading one passive income only and want to earn profit as soon as possible don't forget to place cut loss order and still have back up fund to buy back at lower price. Difficult to be diamond hand in trading if not have other income way and trading the only one way as passive income.

[Rockstarguy]

Hodling will always be a strategy when you understand what it means to hodl and when you have the intention of hodling Bitcoin in longterm but where their is no plan and you are not willing to hodl Bitcoin for longterm,  hodling may seems to be boring for you and the only option you have is just to force yourself to hodl Bitcoin but at the end you will still get tired to continue holding. If you are not prepared to hodl and you dont understand bitcoin you wont be able to hodl Bitcoin and it will always be emotional to you.

[Sim_card]

For those with more experience about this HODLing strategy, what exactly helps you to realize whether you are still following a strategy or you are just holding on emotionally and how do you stop or reorganize your plans?

Do you get tired of keeping funding in the bank for a long time to execute a project to buy a property, bitcoin is money so why will anyone get tired of hodling bitcoin in his custody. I don't get emotional because my bitcoin portfolio keeps on increasing overtime. I have a bitcoin target which I'm still accumulating, I pause when I cannot afford to buy that week and buy with DCA.

[Jegileman]

For those with more experience about this HODLing strategy, what exactly helps you to realize whether you are still following a strategy or you are just holding on emotionally and how do you stop or reorganize your plans?

I never saw holding as a strategy though but it’s actually a good thing to put in mind that you want to do when you’re investing into bitcoin. The market will only get you emotional when you don’t have your plans well stated out and executed as it should be. Making up your mind on the outcome of the market is very important because that really helps in making the right decisions and at the right time. When you’ve invested money you can’t afford to lose, you’ll definitely get emotional at some point when you begin to lose the money as the condition of the market may warrant you at that time.

[jostorres]

when someone keeps holding even when they know their main reason for buying is no longer there or when they begin to deliberately ignore the risks they are seeing because they are afriad of missing out ?

'they know' is the problem here. I have felt hundreds of times that the price can no longer go up, let alone doubling itself. But every time I have been proven wrong because the potential of BTC just keeps skyrocketing and don't see it falling anytime soon. Michael Saylor (correct me if I spell it wrong) is still buying despite holding almost 1% of the entire supply. So, bonding with emotions is not about positive in most cases but for thinking about unexpected negative events like sudden price fall and etc.

Yeah, the holding strategy is often considered the best one because most of in crypto trading don't know much about the market and are kind of gambling in the name of trading. So by holding, you at least guarantee that when the price goes up you will profit. Even holding is not new in the investment world, bitcoin holding also working very similar to any other investment in this world.

But if you keep trading restlessly, you will eventually lose all the money and even a 5x in price can't help you.

[FanEagle]

It's always a strategy and never a thing of emotions. As long as you can handle it then you are going to make some good money out of it as well. I understand that it is going to be tough to see how holders end up waiting for years before they profit, because not many people are ok with waiting that long and they want to see returns quickly, but the reality is that if you want to make large returns then time is very important. If you can wait enough then holding will make you richer and that is why most holders wait that long.

[programmer3666]

For those with more experience about this HODLing strategy, what exactly helps you to realize whether you are still following a strategy or you are just holding on emotionally and how do you stop or reorganize your plans?

Everyone who invests or trades should have goals to achieve. Sticking to your initial plan before buying is an effort to be able to hold onto assets according to your intentions. However, in reality, there are traders or holders who eventually give up on maintaining their plans that are not achieved because price movements may not go as expected.
Some traders definitely rely on their experience when rearranging their plans, especially when the situation does not meet expectations. Those who are beginners tend to panic, but experienced ones have several strategies that have actually been prepared in advance.

In trading having a clear plan is what differentiates between strategy & emotions when it comes to HODLing, if you bought a coin at a certain price and decide to HODL for long term! until the coin hits a target price then that can be classified as a strategy because you clearly have a set goal in mind. But if the reason for holding onto the coin even when the price is very down is jsut because you are afraid to face the loss! Then that's clearly an emotional holding. I think the easier way to avoid such holding, which is mixed with emotions! is to imprint your plan in your mind before going ahead to buy the coin and confidently stick to the plan even when the market stumbles.

[JeffBrad12]

Exactly when you know you gonna need the money at some point yet you're still holding hoping for the higher top and refuse to sell it until bullish ended and you're still holding with value diminished.
That's when you're being too emotionally attached with your holding that you don't think straight anymore. If you need the money, just take profit. You can always get back to the market anytime, there's no stopping you except not having the capital to begin with.

[BlackBoss_]

Exactly when you know you gonna need the money at some point yet you're still holding hoping for the higher top and refuse to sell it until bullish ended and you're still holding with value diminished.
That's when you're being too emotionally attached with your holding that you don't think straight anymore. If you need the money, just take profit. You can always get back to the market anytime, there's no stopping you except not having the capital to begin with.

People who want to be investors in this market must prepare their finance well so their lives will not be affected by bad result of investment especially during bear market months. In bear market that last for many months like about 2 years, if people don't have any money reserve to use, in cash for example, they will have to sell their bitcoin gradually like monthly or quarterly in a bear market with much lower prices than in a bull market. It's painful and it's unprofitable too so if possible, people must reserve money to use during a bear market.

How to do that is different with people's financial background but they must pin this important task in their mind. Even billionaires or millionaires can still have bad financial management and will consequently have big financial troubles later. You are poor, it does not mean that you can not manage your finance and your investment capital well.

[justdimin]

Exactly when you know you gonna need the money at some point yet you're still holding hoping for the higher top and refuse to sell it until bullish ended and you're still holding with value diminished.
That's when you're being too emotionally attached with your holding that you don't think straight anymore. If you need the money, just take profit. You can always get back to the market anytime, there's no stopping you except not having the capital to begin with.

This is the reason, you must prioritize emergency fund along with health insurance to manage unexpected need of money. Having only bitcoin investment without other preparation honestly does not make any sense. Gold investment may act like an emergency fund in some country where banks offer loan against gold without any major paper work. So, diversifying our portfolio may help us to go with our emotional bond with bitcoin more stronger than only loving bitcoin.

A long term investment plan must include exit strategy as well. Personally I will cash out my bitcoin for buying a house to live but it may be after my retirement. Cashing out bitcoin for emergency need may lead to zero bitcoin holding because you can expect such need time to time. So, planning for emergency funds and being prepared for that without disturbing bitcoin holding will help us to continue the emotional bonding with bitcoin.