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

[ancafe]

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 ?

Winners or those who hold, will never be affected by Bitcoin's market conditions because the target holding limit we set is already linked to the price level we want to reach. This demonstrates a person's readiness to hold as sometimes people aren't strong enough to persevere under any circumstances. I've seen quite drastic asset decrease in the value of total assets at the current Bitcoin price and perhaps a significant percentage, but because I have a sell target at the planned price I don't care at current prices.

If people aren't ready to fully hold their assets, adjustments can be made, such as selling 30% of their holdings when the price reaches an all-time high and then buying back the profits when Bitcoin's price drops, as it has now. The important thing is not to panic as asset holders typically don't care about Bitcoin's price they're focused on achieving their overall growth targets.

[Cgrexp]

You only can hold your bitcoin if you won't face with pressure of selling your bitcoin for money to use anytime. To have that ability, you must prepare your finance very well before your investment and during your investment time. You must have enough money to pay bills, to reserve for spending in emergency and if you can do it, the remaining things are only having strong belief in Bitcoin future, buy it, and store it safely in non custodial wallets for long term holding.

By planning to hold your bitcoin a long time, you will need to consider storing your bitcoin in best wallets (hardware wallets).
[List] Open Source Hardware Wallets
[GUIDE] How to buy a Hardware Wallet the right way.

You are right that it is important to be financially prepared to hold Bitcoin investments for the long term. Because first of all, you have to ensure that your basic needs are met. You should also create an emergency fund. Investing after ensuring the necessary financial arrangements in all aspects of life helps you to hold it in the long term with confidence. Also, as you said, it is definitely important that non-custodial quality should be stored safely. Also, it is important to follow the correct instructions after purchasing a hardware wallet to store your investments safely and risk-free.

[Bitcoin_people]

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?

To survive in crypto, you must hold, otherwise it is not possible to make much profit, holding is a way where investors get their reward. Creating a strategy for holding is the best way to analyze the market and then buy Bitcoin from a good position and plan to hold it for a long time. Moreover, we know that there will be volatility in the market, it is normal and if you can buy in the market at that time with a good strategy and hold it later, it will be the best. Of course, holding is the best strategy to invest, if you buy Bitcoin and trade it, it will not be profitable at all, but if you follow a plan for a long time and hold it, it is better. So I think analyzing the market and buying using a strategy according to time and holding for a long time is the best way.

[gibrab16]

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?

HODLing is smart when it’s part of a clear plan, but once you’re ignoring risks or holding just out of fear and hope… that’s emotions, not strategy.
Best way to stay sharp is having exit rules and reasons written down before you buy. If those reasons gone, it’s time to rethink, not just pray the chart saves you...

[bettercrypto]

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.

You’re right that from a certain angle, Bitcoin has similarities to Gold, and both are definitely good investments. However, as Bitcoin enthusiasts, we clearly see the advantages of Bitcoin over Gold. That’s why most of us here are holding for the very long term.

Especially lately, many are practicing DCA, which is a great strategy because it’s already proven and tested in this industry. Plus, we know that many large companies
and well-known businessmen are also doing DCA for their Bitcoin holdings.