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

[Jatiluhung]

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?

Perhaps at this point, what we invest in bitcoin is money that we really don't need in the near future. For example, if I hold bitcoin with a long-term plan so that in my old age I will have better finances from my investments. But then I get lucky and become very rich at a young age. Therefore, I no longer care about the money I invested in Bitcoin, and I won't sell it even though I no longer expect any future financial gains from it because I'm already wealthy. In fact, I might even invest more without considering any risks. So, the key lies in the money used. Maybe. 

[davis196]

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?

The point, at which you have financial difficulties and you have to to sell some of your BTC, but you don't want to. This is some hardcore emotional attachment, which I'm not capable of. Bitcoin will never ever grow 10x, so the amount of hardcore HODLers will slowly decline in the next few years.
HODLing is the best strategy for the newbie traders, because most people fail at timing the market, so selling and buying at the wrong time could lead to loses. This is why buying(or Dollar-cost-averaging) and HODLing seems to be the best option for unexperienced traders.

[TheUltraElite]

You cannot let emotion get the upper hand. This confidence is needed in trading such that your emotions are under control. Reading old charts and doing observations on the market add a lot of knowledge to your existing knowledge about market. This boosts our confidence and we are no long limited to what you see around you.

It is not a problem if you sell your coins, make sure you are cycling the money from lower to higher levels and eventually you will geow your money.

[Catenaccio]

You cannot let emotion get the upper hand. This confidence is needed in trading such that your emotions are under control. Reading old charts and doing observations on the market add a lot of knowledge to your existing knowledge about market. This boosts our confidence and we are no long limited to what you see around you.

It is not a problem if you sell your coins, make sure you are cycling the money from lower to higher levels and eventually you will geow your money.

Emotion, confidence or fear are most terrible enemies and risk factors for traders and investors in cryptocurrency market which is volatile and dangerous. You can be either a newbie or an experienced person as an investor or trader in the market, but if you let emotion and psychology affect your decisions, you will not likely get good results.

With traders, amateur or professional, newbie or senior, they must all use very basic but important orders: stop loss or stop limit order. Because these orders will protect their trading capital by closing their trading positions automatically, without any delay, hesitation by emotional or psychological effects.

If a trader feels very confident with his knowledge, skills, and experienced, consequently do neither use stop loss order nor stop limit order, a trading nightmare might appear anytime.

[bitbollo]

at no point. more time pass, more it's convenient just HODL.
I know what are you thinking now. Here there is another sh*tty maximalist. Absolutely not. This scenario is just based on current outcomes.
If you can get cash/FIAT by just providing your crypto as collateral or as "proof of work" or any other way to "guarantee"... I don't see any real reason for selling.
If you need to make an expense, it's pretty clear you had to make this choice. Otherwise HODL is always the ONLY valid solution...
If you like trading or worst day trading I think this is a real "emotional" strategy. If you own something really valuable, did you really try to gamble it?

[Faisal2202]

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 am holding bitcoin (if) then It does not matter if I am holding emotionally or not because all that matter is I should not sell them, but, if I am holding altcoins then I must analyze the movement of the altcoins according to the time frame I chose at the start to hold them.

If I planned to make profit in the first 3 months then I will try to expand that period according to the analysis made on the 3rd month but I might not do it as well and close the trade.

[Yorubek]

You cannot let emotion get the upper hand. This confidence is needed in trading such that your emotions are under control. Reading old charts and doing observations on the market add a lot of knowledge to your existing knowledge about market. This boosts our confidence and we are no long limited to what you see around you.

It is not a problem if you sell your coins, make sure you are cycling the money from lower to higher levels and eventually you will geow your money.

Of course, making money by trading is not an easy thing, it is very difficult, but if you can trade according to the right rules, it is possible to make money. First of all, you need the right knowledge, market analysis, emotion control, and prudent use of money, be patient and wait for the right time. When we can analyze the market along with the right knowledge and enter the market at the right time using various strategies and wait patiently for good time and no matter how bad the situation, we will not be disappointed, so it is possible to make money by trading according to the right rules.

[Kelvinid]

I would rather say that holding altcoins is more of greed and uncontrolled emotions, but holding bitcoin just proves that you are doing knowledgeably and smartly. Altcoins are just pump and dump coins, but bitcoin should be hold for long term because of its increasing value and essence to a man's life.

With that, holding bitcoin is never an act of being emotional, but its a wise choice for long term goals. I would rather say you're getting emotional if you sell bitcoin for a short quick profits, because that decision alone is not based on being clever, but being an impulsive and impatient point of view.

[freedomgo]

Hodling remains a wise strategy, as long as you are hodling the right coins. The only way it gets emotional is when you are trying to sell quickly to satisfy your greed, in which it won't be helpful in the long run.

But most of the time, if you are hodling bitcoin, you are like hodling at peace because you know that its value will grow more within the next couple of months or years. Getting emotions when you are hodling will only happen if you aren't sure of the future of the coins you are hodling.

[Vaculin]

Everyone investing in Bitcoin should at least have some sort of target where they can take profit, be it in the price of Bitcoin or the period of holding, say 10 years. So in certain circumstances, the reward out ways the risk and therefore that's why they keep holding.

Imagine someone who bought Bitcoin at 1,000 USD and still holds those Bitcoins today at 87K USD. Do you think the risk is bigger than the reward or vice versa?

Bigger rewards comes with bigger risk as well, but if you know how to manage it properly, rewards will always outweighs the amount of risk.

People keep hodling bitcoin not because it meant to be hold, but because the realization that the longer you hold it, the more valuable it becomes, thus hodling at a longer span is not being emotional, but its an intelligent way of growing the value of your investment.

[Rengga Jati]

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?

Determination, mental readiness, and financial preparedness will make us more prepared for all risks and anything that may occur to Bitcoin while holding.

Because, whatever it is, once you've decided to invest and hold, ensure you're strong for the long term. No matter what happens to the market, this will be the long term.

Emotional stability will certainly not remain the same, especially when observing market conditions. Therefore, don't let intense market monitoring become detrimental to your mental and emotional health.

[bhadz]

I would rather say that holding altcoins is more of greed and uncontrolled emotions, but holding bitcoin just proves that you are doing knowledgeably and smartly. Altcoins are just pump and dump coins, but bitcoin should be hold for long term because of its increasing value and essence to a man's life.

With that, holding bitcoin is never an act of being emotional, but its a wise choice for long term goals. I would rather say you're getting emotional if you sell bitcoin for a short quick profits, because that decision alone is not based on being clever, but being an impulsive and impatient point of view.

I think that someone who sells from the bitcoin holdings that he's got isn't emotional but a need. We like to hold it for as long as we can and that's why we're mostly long term holders. But if there's a need that we have to provide and the only solution is to sell a part of our bitcoin, that's a need there. So the emotional part goes when you don't want to let go of it because it is a slash to the amount of your holdings. And if you have no choice of doing it, you can always go back to the first part which is the accumulation part.

[Cgrexp]

There are two situations where you can overspend on Bitcoin, one is when you are out of balance and unable to meet your expenses, and the other is when you have enough or more Bitcoin to live on. The second is definitely better because you should not harm yourself before you reach the living level. It is better to avoid trading or gambling completely, but if someone wants to do it, it should be limited to ten percent of your Bitcoin holdings. The problem is that many people cannot maintain the limit, which puts time, and indeed holdings, at risk. It takes years to build up Bitcoin. Trying to take shortcuts actually increases the time. Even if you build up your holdings through regular investment, sometimes temptations come. Many people mistakenly think they are ready when they are not yet ready. If you withdraw too much too soon, the holdings you have built up will be destroyed and instead of reaching a state of maintenance or sustainable withdrawal, you have to go back to the savings stage.

[Coyster]

As long as the conversation is about bitcoin, then i do not worry if it is about strategy or my bias towards bitcoin. I know a lot about the network, i know what can and cannot happen, so i go to bed at night without thinking about this. If the price of bitcoin falls, it bounces back up again eventually, because of its actual utility, so does it really matter if you hodl based on your emotion or strategy or any other whatnot.

That said, if it was about shitcoins, then it is pertinent to get rid of emotions. You sell them as soon as you have any sort of profit, because hodling it too long can leave you as a bagholder. That's the reason i call altcoins short term coins, if you must buy them, the only strategy has to be to sell them as soon as you have profit or when you see it dumping very fast to cut your losses.

[Uruhara]

I would rather say that holding altcoins is more of greed and uncontrolled emotions, but holding bitcoin just proves that you are doing knowledgeably and smartly. Altcoins are just pump and dump coins, but bitcoin should be hold for long term because of its increasing value and essence to a man's life.

With that, holding bitcoin is never an act of being emotional, but its a wise choice for long term goals. I would rather say you're getting emotional if you sell bitcoin for a short quick profits, because that decision alone is not based on being clever, but being an impulsive and impatient point of view.

Well, that's a fact that I've experienced myself. We sometimes hold altcoins because we want quick, big profits, because we have a little greed and impatience in us. It's different when we hold bitcoin for the long term. We have carefully considered it and clearly see its potential in the future, so we enter into Bitcoin and hold onto it tightly after making a wise long-term financial decision. This is the opposite of when we buy altcoins, which is sometimes just because of a desire for quick profits or something similar. Sometimes it's impulsive and such, and although sometimes it's not. But emotionally, it's often more intense when we're involved with altcoins.

[purple_sparkles]

 Fluctuations in altcoins always scare me and put me under a lot of stress, especially when it comes to new projects that haven’t gone through even a single bear market yet. Unlike bitcoin, all of these coins can simply die, which is why I try to avoid such adventures as much as possible. Still, I do have temptations, and I’ve made purchases of certain coins that I later regretted. I really hope that one day I’ll manage to find a project that can help make me significantly wealthier.

[Frankolala]

Fluctuations in altcoins always scare me and put me under a lot of stress, especially when it comes to new projects that haven’t gone through even a single bear market yet. Unlike bitcoin, all of these coins can simply die, which is why I try to avoid such adventures as much as possible. Still, I do have temptations, and I’ve made purchases of certain coins that I later regretted. I really hope that one day I’ll manage to find a project that can help make me significantly wealthier.

Which project are you waiting for that you feel will make you wealthy when you already have bitcoin and ignoring the power law of bitcoin. Altcoins is similar to gambling, which means that you should not believe that you can get wealthy through altcoins because the chance is very slim since their prices decreases overtime.

[Ziskinberg]

My own take on this, when a person remains HODLing, that only means that he understands clearly the potentials of the coins he is is hodling, so he will chose to hold longer if its the best key to reap massive profits in the end.

However, people will only be emotional if what they are seeing in the market does not aligned already to their plans and goals, so they won't stick to hodling anymore but will decide to sell their coins the nearest time possible so that they can cut their losses and be able to still make profits even if the amount is not that impressive.

HODLing remains a good strategy for those who understand it well, it will only be bad if the hodler itself does not see anymore the essence why he is hodling until now.

[Emitdama]

My own take on this, when a person remains HODLing, that only means that he understands clearly the potentials of the coins he is is hodling, so he will chose to hold longer if its the best key to reap massive profits in the end.

However, people will only be emotional if what they are seeing in the market does not aligned already to their plans and goals, so they won't stick to hodling anymore but will decide to sell their coins the nearest time possible so that they can cut their losses and be able to still make profits even if the amount is not that impressive.

HODLing remains a good strategy for those who understand it well, it will only be bad if the hodler itself does not see anymore the essence why he is hodling until now.

There are still that buys a random coin and just hold it thinking it may give them wealth in the future. We are humans so emotions are only normal to us. Emotion can stem from different factors but I think they can also come naturally from within. When emotion strike in investing, it doesn't also/always mean that one will now quit on their plan, especially if they are not new on this business anymore.

HODLing is not hard to understand. There is even the root word that sounds like HOLD there. It only boils down to ones patience, if they can remain hodling for a long time or not. Hodling is never bad but what is bad is if the coin we hold is a shitcoin.

[Localhostspeed]

Fluctuations in altcoins always scare me and put me under a lot of stress, especially when it comes to new projects that haven’t gone through even a single bear market yet. Unlike bitcoin, all of these coins can simply die, which is why I try to avoid such adventures as much as possible. Still, I do have temptations, and I’ve made purchases of certain coins that I later regretted. I really hope that one day I’ll manage to find a project that can help make me significantly wealthier.

I doff my hat for people that do buy Altcoins, I don't have the mind to be an exit of liquidity for people that don't care about any project, they don't care about the project. Some teams don't have any back up plan to make the project a better one, the only thing they care about is the funds raised by the institutional investors, the publick funds and perhaps some sales in private rounds, if they gathered that funds, they squander it in the name of building, by the time the project runs in launch, they sell off their coins again like nothing happened.

If I am not going to participate along side projects and get free money in form or airdrops or compensation from any project, I will not buy any of their coin, you are most likely going to be the prawn in their cycle where they feed, they cloth, they grow. One bad thing about an altcoin holder is that you will be the person pushing the PR, encouragement, even make it a free marketing for them, as the coin is moving so is there bag, they enjoy from your efforts.