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

[uchegod-21]

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?

Here's a simple way to know when you are deviating from your strategy which is obviously caused by emotional involvement.

Before anyone starts hodling, they had a goal in mind, even if the goal is not well documented. The goal could be to hodl till the bitcoins reach xx amount of money in value. Or they decide to hodl for a stipulated couple of months or years. Once the investor reaches his goal of the target amount or target number of years, yet still refuses to sell because of greed, that is an indication that the hodling strategy is becoming emotional.

These emotions can also manifest in panic sales and consistent reactions to every price movements.  These acts of inconsistency on the hodler can affect an already planned out strategy.

[Rubuchi]

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. 

I guess we all invest in bitcoin for the same purposes which is to go into a long term investment where you probably spend a targeted number of ten years investing or less and at the end of it you want to withdraw it to do something significant for you or for your children, regardless of the intention, our plans can get changed any time during the period to very demanding and pressing issues that may require you taking decisions like what I mentioned early, will you take such decisions when it happens to you?

[Finestream]

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.

Emotions will always be triggered especially if you are holding in such a volatile market. But knowing you are holding bitcoin, no matter how its price crashes from time to time, you know it will definitely recover and reach another all time high.

Emotional stability may be at risk, but as much as possible, if you intend to hold your coins for long term, don't be too focused on what your emotions tell, but rather hold with less emotions as that will most likely succeed when holding bitcoin for long term goal.

[taufik123]

Emotions will always be triggered especially if you are holding in such a volatile market. But knowing you are holding bitcoin, no matter how its price crashes from time to time, you know it will definitely recover and reach another all time high.
-snip-

Holding Bitcoin or any other asset that has good price stability and a longer term that is more promising with continued development will make us quite safe in any position.

But if the price continues to fall then we must have reserve money to make more purchases at cheaper prices,
it will be better than continuing to wait for the price to rise, even though the opportunity is very appropriate, to buy at the basic price with the reserve money that has been provided.

But never go into any memecoin for the long term, it will just be garbage and there won't be any return because most of the new altcoins or memecoins are abandoned by the developers.

[jaberwock]

Holding Bitcoin or any other asset that has good price stability and a longer term that is more promising with continued development will make us quite safe in any position.

But if the price continues to fall then we must have reserve money to make more purchases at cheaper prices,
it will be better than continuing to wait for the price to rise, even though the opportunity is very appropriate, to buy at the basic price with the reserve money that has been provided.

But never go into any memecoin for the long term, it will just be garbage and there won't be any return because most of the new altcoins or memecoins are abandoned by the developers.

Honestly, I'd say that buying more when the price is dropping is not ideal. Because if you are holding a significant amount of Bitcoins or any crypto for that matter, you will panic when the price is dropping. No matter how much confidence you have in the future of Bitcoin, you will panic and it's normal. During such times, it's important to just hold and that is enough. I've tried it many times and I always panic when the market is crashing and the thought of buying more vanishes.

Now, some people might say why buy if you don't believe in the asset. Well, I do believe and that's why I bought and hold in the first place, but when a large part of my lifetime savings is on the line, it's only normal to panic.

[taufik123]

Honestly, I'd say that buying more when the price is dropping is not ideal. Because if you are holding a significant amount of Bitcoins or any crypto for that matter, you will panic when the price is dropping.
No matter how much confidence you have in the future of Bitcoin, you will panic and it's normal. During such times, it's important to just hold and that is enough.
I've tried it many times and I always panic when the market is crashing and the thought of buying more vanishes.

Ideal or not depends on each person's strategy, buying more does not mean buying with all the money I have or doing ALL IN,
but buying with more allocation than previous purchases.

I will do this gradually as the price continues to fall, don't wait until the price rises before you start buying it.
Make the best use of the downturn, But of course look at the technical analysis whether the current decline has reached the lowest position or there is even a further downside scenario.

Not just buying, but full of calculations based on analysis and when you buy and then panic you don't understand how Bitcoin works, unlike other altcoins,
but the decline that continues to test you whether you can afford to continue buying it or not, determine your best strategy so that you don't panic when the decline continues.

Now, some people might say why buy if you don't believe in the asset. Well, I do believe and that's why I bought and hold in the first place, but when a large part of my lifetime savings is on the line, it's only normal to panic.

Then don't bet all your lifetime savings, that's a stupid thing.
Only buy with money that you can afford to lose, not your savings or for other needs.

[Out of mind]

The most important thing in holding strategy is that you have to invest according to your plan and the amount you buy so that you can hold it for a long time. If you think something is proving wrong after investing, then you can sell it. If you plan well later, it can be better for you. You have to decide the time while investing. Many people plan to hold for 5 to 10 years, so you also have to decide in advance how long you want to hold it. You have to control yourself, otherwise you will definitely be emotional.
If you want to control your emotions, you will never be afraid of the market falling, but you have to be patient. When you hold, it will never make you emotional, but when you expect more, you will gradually become emotional. So if you are patient in investing and holding and you have experience, you can hold it for a long time.

[maknyos]

The most important thing in holding strategy is that you have to invest according to your plan and the amount you buy so that you can hold it for a long time. If you think something is proving wrong after investing, then you can sell it. If you plan well later, it can be better for you. You have to decide the time while investing. Many people plan to hold for 5 to 10 years, so you also have to decide in advance how long you want to hold it. You have to control yourself, otherwise you will definitely be emotional.
If you want to control your emotions, you will never be afraid of the market falling, but you have to be patient. When you hold, it will never make you emotional, but when you expect more, you will gradually become emotional. So if you are patient in investing and holding and you have experience, you can hold it for a long time.

Planning is an important point when we invest, because it will determine our journey and what steps we will take next. sometimes people ignore things like this, even though this is something that is very important to do, in addition to making our steps more directed, this can also make us better prepared to face market turmoil.
And the other important thing is how we can also prepare everything for our needs, including we must have an emergency fund for us to use if things happen that we don't want.

[MusaMohamed]

Planning is an important point when we invest, because it will determine our journey and what steps we will take next. sometimes people ignore things like this, even though this is something that is very important to do, in addition to making our steps more directed, this can also make us better prepared to face market turmoil.
And the other important thing is how we can also prepare everything for our needs, including we must have an emergency fund for us to use if things happen that we don't want.

When people prepared for their investment bad, started their investment in a risky approach, they face with their self turmoil in the future. The world, the market might have turmoils but even there is nothing too chaotic in the world, that investor individually might face with high risk of getting an accident personally or from his family and unfortunately have his own turmoil.

It will only make the investment portfolio looks very weak when he needs money for urgent needs by lacking good preparation while having very bad start.

The reminder and advice are only start your investment with own money, and never bet all your money into anything, even Bitcoin investment.

[The Cryptovator]

Honestly, I'd say that buying more when the price is dropping is not ideal. Because if you are holding a significant amount of Bitcoins or any crypto for that matter, you will panic when the price is dropping. No matter how much confidence you have in the future of Bitcoin, you will panic and it's normal. During such times, it's important to just hold and that is enough. I've tried it many times and I always panic when the market is crashing and the thought of buying more vanishes.

From your perspective it might be wrong to buy during the dump. From my perspective it's better to buy your desired coins when the market is dumping. But you should have a strategy; don't buy all together. You can do DCA during that time; if it keeps dumping, then buy step by step. If the price starts pumping, then you already have some holding; just hold it. Otherwise, keep buying following DCA. But if you already hold something, then there is no way except holding it; at least I am not going to sell it.

Now, some people might say why buy if you don't believe in the asset. Well, I do believe and that's why I bought and hold in the first place, but when a large part of my lifetime savings is on the line, it's only normal to panic.

If you already bought it, then it's a different question. Based on your financial situation, you have to take decisions. If you are capable of buying more, then wait a little bit during the dump by following DCA. If your financial situation doesn't allow it, then you shouldn't invest in tight situations. Because we don't know how long we have to wait to see a bull for our holdings. For me, if I had funds, then I would think to increase my holdings during the bear; that's how I gathered some ETH.

[Sim_card]

The reminder and advice are only start your investment with own money, and never bet all your money into anything, even Bitcoin investment.

Of course, it's good not to put all you have into bitcoin so that you don't start to feel emotional when the price is dumping and to also have something you can fall back on in future as a primary source to tap from and your bitcoin investment your secondary source to tap from. This is why diversifying into other asset of different line like gold, stock, bond equity and cash equivalent is good to manage your emotions.

[vanesha]

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 still following a strategy that I have already set, but psychologically my emotions do tend to explode. I stick to the strategy by not opening the market too often. If the target is not reached and my emotions spike—pushing me to sell or buy impulsively—I immediately delete my market app. This has proven quite effective in helping me control my emotions and turning me away from making wrong decisions until the target is reached. This is also one of the emotional management strategies I learned from personal experience. I think the experience I’ve shared can also be applied by you, and I believe it can be beneficial.

[Smartprofit]

The "HODL" strategy for Bitcoin is certainly associated with an emotional attachment to a trading position. But is that a bad thing? 🙋

I know many trading gurus believe that a trader should be extremely cool-headed, calculating, and pragmatic. They teach that only by using this approach to trading can one succeed.

However, I don't think so. In my opinion, your feelings don't matter as long as you take the right actions. The "HODL" strategy for Bitcoin is justified by the deflationary nature of this asset, its scarcity, decentralization, and the fact that it remains undervalued as a value transfer protocol in the virtual space. Yes, many holders are very biased and emotional about Bitcoin. It's not for nothing that they are called Bitcoin maximalists. However, they are doing the right thing, and who cares how emotional they are? There's nothing wrong with emotions, really.  And to make a profit, in my opinion, it is not necessary to be a pragmatic cynic.

[beerlover]

When people prepared for their investment bad, started their investment in a risky approach, they face with their self turmoil in the future. The world, the market might have turmoils but even there is nothing too chaotic in the world, that investor individually might face with high risk of getting an accident personally or from his family and unfortunately have his own turmoil.

It will only make the investment portfolio looks very weak when he needs money for urgent needs by lacking good preparation while having very bad start.

The reminder and advice are only start your investment with own money, and never bet all your money into anything, even Bitcoin investment.

We cannot have this type of anxiety when we are investing, if we start to think just "what could go wrong" then it's very easy to come up with reasons. Do you think the businessmen who build a million dollar business didn't think of all the things that could go wrong? Many people did, and some even bankrupted because those bad things did actually happen. But that doesn't change the fact that there are great businessmen who make a lot of money and great investors who got rich ,which means some of them did it in spite of all the bad things that may happen.

[maknyos]

Planning is an important point when we invest, because it will determine our journey and what steps we will take next. sometimes people ignore things like this, even though this is something that is very important to do, in addition to making our steps more directed, this can also make us better prepared to face market turmoil.
And the other important thing is how we can also prepare everything for our needs, including we must have an emergency fund for us to use if things happen that we don't want.

When people prepared for their investment bad, started their investment in a risky approach, they face with their self turmoil in the future. The world, the market might have turmoils but even there is nothing too chaotic in the world, that investor individually might face with high risk of getting an accident personally or from his family and unfortunately have his own turmoil.

It will only make the investment portfolio looks very weak when he needs money for urgent needs by lacking good preparation while having very bad start.

The reminder and advice are only start your investment with own money, and never bet all your money into anything, even Bitcoin investment.

It has to be, we have to use our own money and make sure it's cold hard cash that we won't use for anything other than investing. Everything we do should be with consideration, even if it's for something good like investing. And you're right, never risk it all, especially if we don't have a reserve fund and emergency fund.
We never know what lies ahead, whether it's a bad thing or not. We wouldn't expect bad things to happen, but in life it's something that can happen. Don't let it interfere with the investment that we are doing.

[Ndabagi01]

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 think whether you’re holding emotionally or because you’re following a strategy, as long as you’re holding and not selling, you should keep up to it. After investing in bitcoin, our ultimate goal is to make profit and as long as that profit has not being made yet, you should stick to the plan of accumulating more bitcoin if your target for the accumulation is yet to be reached. There is always fear of missing out and even that can lead to more hodling and not selling when an hype event comes up that leads to massive sell. Bitcoin will always be what it is, just remains patient and not allow Hodling looks somehow impossible to you.