Patience is the Key to HODL

[bayu7adi]

It's real, and I've experienced it too when I first entered the world of long-term investment... however, along with the experience I went through, I started to be stronger in holding, where when the price of Bitcoin started to fall from $71k to $59k I didn't panic and didn't sell BTC, because I knew that and I was still very sure that after the halving there would be a great bullrun.. and there was a bullrun for BTC up to $99k.. I sold my BTC above $80k gradually..

For those of you who still panic when you see the price drop, it's a good idea to check the fundamental analysis again and ensure your confidence in the future of the investment you have started... that's better.

[Dr.Bitcoin_Strange]

As I often repeat, the crypto market is cyclical, the high and low phases are repeated over time, the hold strategy is an excellent method of earning, there is no universal value to reach in order to sell, it is a subjective thing

It is subjective based on how profitable we are already. Holding is a good strategy that I was able to prove it to myself. There are people that still discourages other into holding for so long because they were a disappointed holder. Don't be like them and believe on what you're about to do. It's only a matter of time until you see all of the hard work and patience is going to be worth it. HODL while you can and you'd definitely thank your patience over all.

There are two things I’ve observed that will make a Hodler to experience losses, 1 is holding on to the wrong token (shitcoins or any coin that’s not Bitcoin) when an investor holds on to the wrong coin that has little or no long term potential for growth, regardless of how long they hodl, rather than seeing profits, they may likely encounter losses and then they generalize their experience to other coins or the act of HODLing itself which is very wrong.

Another reason is fear and anxiety, when an investor holds for long and is expecting a growth in his portfolio and then all of a sudden, they encounter a Dip, which is an inevitable aspect of the market, and when this happens, due to fear and anxiety, it causes them to indulge in panic sales, making them to liquidate their assets in the middle of a bleeding market and when that happens, they experience losses and term HODLing as a terrible technique.

[legend45]

It's real, and I've experienced it too when I first entered the world of long-term investment... however, along with the experience I went through, I started to be stronger in holding, where when the price of Bitcoin started to fall from $71k to $59k I didn't panic and didn't sell BTC, because I knew that and I was still very sure that after the halving there would be a great bullrun.. and there was a bullrun for BTC up to $99k.. I sold my BTC above $80k gradually..

For those of you who still panic when you see the price drop, it's a good idea to check the fundamental analysis again and ensure your confidence in the future of the investment you have started... that's better.

For those who already have experience in investing in crypto will not panic when seeing the price of bitcoin go down, because before the bullish season the price of bitcoin will often go down and the market will experience a correction. Your strategy is right when the price of bitcoin goes down, don't panic and keep holding your bitcoin until the price of bitcoin reaches ATH $ 99K. Congrat mate

[Vx1]

For those of you who still panic when you see the price drop, it's a good idea to check the fundamental analysis again and ensure your confidence in the future of the investment you have started... that's better.

An amateur will find it harder to control emotions when compared to a professional, and an amateur will easily panic and make mistakes in taking steps in crypto trading. But that will be overcome if we continue to be here, with experience we will remain calm when we see the price of the coin falling.

[Mr. Magkaisa]

      -      If you are the type of person who has a regular job and a good salary every month, I think it is very suitable for you to implement dca on any cryptocurrency that also has potential in the market or on bitcoin, which is guaranteed to get good benefits from doing this.

Holding for the long-term is the safest thing to do and is really more beneficial for taking profits especially if we are in the bull run that we are facing now.

[bayu7adi]

For those who already have experience in investing in crypto will not panic when seeing the price of bitcoin go down, because before the bullish season the price of bitcoin will often go down and the market will experience a correction. Your strategy is right when the price of bitcoin goes down, don't panic and keep holding your bitcoin until the price of bitcoin reaches ATH $ 99K. Congrat mate

I have sold it gradually for most of my assets, when the price showed $ 80k, my planning to sell the Bitcoin assets I owned began to be carried out and it went through a bearish period when the Bitcoin price dropped from $ 70k to $ 60k, I was strong in that phase because I believed the bullish phase would occur a few weeks later. And fortunately for me, my prediction turned out to be right, Bitcoin touched $ 99k, and I sold the assets gradually.

[Baofeng]

For those who already have experience in investing in crypto will not panic when seeing the price of bitcoin go down, because before the bullish season the price of bitcoin will often go down and the market will experience a correction. Your strategy is right when the price of bitcoin goes down, don't panic and keep holding your bitcoin until the price of bitcoin reaches ATH $ 99K. Congrat mate

I have sold it gradually for most of my assets, when the price showed $ 80k, my planning to sell the Bitcoin assets I owned began to be carried out and it went through a bearish period when the Bitcoin price dropped from $ 70k to $ 60k, I was strong in that phase because I believed the bullish phase would occur a few weeks later. And fortunately for me, my prediction turned out to be right, Bitcoin touched $ 99k, and I sold the assets gradually.

We can't comment on your strategy, that's your and so it's good to hear that you profited when the price hits $99k. But for me I just continue to hold and save when I can. I don't have plans to sell at least I'm seeing like $120k or more before I do and then see how it goes.

But I guess you can go back again in the market as the price did go on a correction and maybe start all over again.

And this is the real beauty of it, you can go back anytime you want and re-invest and start the process all over again.

[nakmantu99]

For those who already have experience in investing in crypto will not panic when seeing the price of bitcoin go down, because before the bullish season the price of bitcoin will often go down and the market will experience a correction. Your strategy is right when the price of bitcoin goes down, don't panic and keep holding your bitcoin until the price of bitcoin reaches ATH $ 99K. Congrat mate

I have sold it gradually for most of my assets, when the price showed $ 80k, my planning to sell the Bitcoin assets I owned began to be carried out and it went through a bearish period when the Bitcoin price dropped from $ 70k to $ 60k, I was strong in that phase because I believed the bullish phase would occur a few weeks later. And fortunately for me, my prediction turned out to be right, Bitcoin touched $ 99k, and I sold the assets gradually.

Congratulations if you have sold your bitcoin and made a profit, everyone has their own considerations and strategies. I have also sold some of my bitcoins but I am still holding some because I am targeting over $100K.
I still believe patience is the key to success that's why I am still holding my coins, but I also don't miss the opportunity to start selling some of my coins.

[alltalk]

Congratulations if you have sold your bitcoin and made a profit, everyone has their own considerations and strategies. I have also sold some of my bitcoins but I am still holding some because I am targeting over $100K.

Sure, everyone has their own target. It is okay to take profits at $80k, $85k, $90k, $95k, or even $99k. Taking profits gradually when it reaches the target is not bad way. I also did it, I have sold few of my Bitcoin. However, I'm still holding some of my Bitcoin and I only sell them when the price of Bitcoin above $100k. If you target to sell at $100k, kindly keep holding your Bitcoin. 

I still believe patience is the key to success that's why I am still holding my coins, but I also don't miss the opportunity to start selling some of my coins.

Everyone must have patience. We can't succeed in crypto investment if we have no patience. Moreover if we are holding for a long term, we must be patient to wait for few years.

[Rubel007]

In the case of Bitcoin, the demand of investors is always growing. Maybe the bearishness in the market greatly affects the emotions of investors, but those who stick to Bitcoin at that time have the opportunity to create more assets, which does not happen in the case of other coins. There are many investors who did not sell their Bitcoin during the last bull run, but they held it and tried to collect more Bitcoin. Today, all those investors have been successful. Again, there are many who lost Bitcoin and moved to altcoins and lost their money. A strong holding hand in the case of Bitcoin will definitely benefit. Everyone who believes in long-term plans with Bitcoin has benefited.

[ajiz138]

In the case of Bitcoin, the demand of investors is always growing. Maybe the bearishness in the market greatly affects the emotions of investors, but those who stick to Bitcoin at that time have the opportunity to create more assets, which does not happen in the case of other coins. There are many investors who did not sell their Bitcoin during the last bull run, but they held it and tried to collect more Bitcoin. Today, all those investors have been successful. Again, there are many who lost Bitcoin and moved to altcoins and lost their money. A strong holding hand in the case of Bitcoin will definitely benefit. Everyone who believes in long-term plans with Bitcoin has benefited.

Patience is the key to their success in holding bitcoin, maybe they were late to sell bitcoin at the time of the last ATH, but they did not give up and immediately sold bitcoin. However, what they did was to continue to accumulate bitcoin in the portfolio.

Now as you said they must have made a big profit with the increase in bitcoin that has occurred lately. Well that is the fruit of patience and also this is the fruit of their belief in bitcoin which finally brought big profits.

[Publictalk792]

There are two things I’ve observed that will make a Hodler to experience losses, 1 is holding on to the wrong token (shitcoins or any coin that’s not Bitcoin) when an investor holds on to the wrong coin that has little or no long term potential for growth, regardless of how long they hodl, rather than seeing profits, they may likely encounter losses and then they generalize their experience to other coins or the act of HODLing itself which is very wrong.

Another reason is fear and anxiety, when an investor holds for long and is expecting a growth in his portfolio and then all of a sudden, they encounter a Dip, which is an inevitable aspect of the market, and when this happens, due to fear and anxiety, it causes them to indulge in panic sales, making them to liquidate their assets in the middle of a bleeding market and when that happens, they experience losses and term HODLing as a terrible technique.

I agree with you. If you invest in wrong cryptocurrency you might lose money no matter how long you hold it. This can make people think that holding cryptocurrency for long time is bad idea. But that is not true. Fear and worry can also cause problems for investors. When market goes down it is normal to feel nervous. But selling your assets quickly can be bad. If you sell during downturn you might lose a lot of money. But it is essential to remember that market will always go up and down and good investment plan should take that into account.

[Dr.Bitcoin_Strange]

I agree with you. If you invest in wrong cryptocurrency you might lose money no matter how long you hold it. This can make people think that holding cryptocurrency for long time is bad idea. But that is not true. Fear and worry can also cause problems for investors. When market goes down it is normal to feel nervous. But selling your assets quickly can be bad. If you sell during downturn you might lose a lot of money. But it is essential to remember that market will always go up and down and good investment plan should take that into account.

As long as I’m concerned long term HODLing is the only strategy that enables to adequately mitigate and in some cases completely avoid the risks of losses as well as to ensure long term profitability. HODLing only requires two things from an investor, 1. Patience to hodl through any market conditions that comes up, without feeling the need to sell due to fear of a crash or losing your money. And 2. To have a reliable and sustainable source of income, this enables you to weather all sort of Emergencies or financial crises that may arise in the future without having to dip into your investment.

[pieppiep]

As long as I’m concerned long term HODLing is the only strategy that enables to adequately mitigate and in some cases completely avoid the risks of losses as well as to ensure long term profitability. HODLing only requires two things from an investor, 1. Patience to hodl through any market conditions that comes up, without feeling the need to sell due to fear of a crash or losing your money. And 2. To have a reliable and sustainable source of income, this enables you to weather all sort of Emergencies or financial crises that may arise in the future without having to dip into your investment.

However, when we holding does take strong confidence in the assets we own and a well thought-out future plan. In practise, this means that we must be prepared to fight every market condition with our head relaxed and have a go after our first goals. We are not forced to sell our assets at the less favourable time because we have a steady income outside investment. Step by step this will push you to achieve the results you need even though it takes time and dedication to get there.

[Bobcrypto]

Yes patience kills it all if you have been able to HODL since day 1 especially when Bitcoin hasn't risen to this amount I wonder how a person should start selling their Bitcoin. Now that Bitcoin is in the stage of bull run it won't make sense to even let go of even a dine of it.

Yes, Holding Bitcoin to some extent requires that a Holder can take some profit especially when price has increased even above expectations. For example, those holding Bitcoin when the price was at $50k to $60k can consider to take some profit by selling a small amounts of their Bitcoin holdings in my opinion.
Patience is actually the key to Holding Bitcoin and other crypto assets, and it is advisable to Hold some fractions of Bitcoin, even as a trader to generate additional income in near future.