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Author Topic: Patience is the Key to HODL  (Read 7225 times)

Offline Gposas

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Patience is the Key to HODL
« on: November 08, 2024, 04:19:19 AM »
Though the reason of Holding an asset is solely for the reason of long term duration, but some bearish seasons can make the heart of some investors to beat faster.
It is clear that there is no much risk involved in holding an asset either BTC or ALTS but when the Crypto market is suffering a down trend for a longer period, most Holders are prone to sell off their assets as a result of fear. Believing that the market will keep experiencing more down trend, putting their portfolio at risk.
And some others tend to buy more at every significant price drop and even hoping to accumulate more asset at the dip.

As a matter of fact, every holder has no reason to fear because there'll always be a bull season. A clear example is the market trend since the past 7days, BTC reaching over 76k from it's price of about 42k as at January 2024. For those Investors who has placed some of this asset on hold for the past one year is likely to be seeing an x3 or even x5 profit.
In conclusion, every holder has to exercise patience with any asset placed on hold and reduce their emotional stress when  the market is bearish because the season for the bulls must always come by.
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Patience is the Key to HODL
« on: November 08, 2024, 04:19:19 AM »

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Re: Patience is the Key to HODL
« Reply #1 on: November 08, 2024, 07:07:22 AM »
It is clear that there is no much risk involved in holding an asset either BTC or ALTS but when the Crypto market is suffering a down trend for a longer period, most Holders are prone to sell off their assets as a result of fear.
You do not really know about altcoins. Check what the prices of the old coins were in the past and compare it with their present price when bitcoin got to all-time-high. Many of them are 5 to 10 times lower than their present prices. Holding altcoins is like you are gambling. If you are lucky to make money from them, sell them.

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Re: Patience is the Key to HODL
« Reply #1 on: November 08, 2024, 07:07:22 AM »

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Offline Crwth

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Re: Patience is the Key to HODL
« Reply #2 on: November 08, 2024, 07:13:35 AM »
It would depend on the person's strategy. If they want to HODL, it is up to them as long as they know what they are doing and believe that they have made the right choice. It could be a great strategy if the market goes down. You would have more purchasing power if you saw the top and bought again when you reached the bottom.

It is all about strategy. Make sure that you know how much risk you’re taking so you won’t be hurt as much.
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Offline luckyledger

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Re: Patience is the Key to HODL
« Reply #3 on: November 08, 2024, 07:58:07 AM »
It would depend on the person's strategy. If they want to HODL, it is up to them as long as they know what they are doing and believe that they have made the right choice. It could be a great strategy if the market goes down. You would have more purchasing power if you saw the top and bought again when you reached the bottom.

It is all about strategy. Make sure that you know how much risk you’re taking so you won’t be hurt as much.

Also about what target you pursue - you always need to have a clear goal in mind in order to achieve it a get the results from it properly. Otherwise, things may end up badly.

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Re: Patience is the Key to HODL
« Reply #4 on: November 08, 2024, 07:59:41 AM »
-snip-
As a matter of fact, every holder has no reason to fear because there'll always be a bull season. A clear example is the market trend since the past 7days, BTC reaching over 76k from it's price of about 42k as at January 2024. For those Investors who has placed some of this asset on hold for the past one year is likely to be seeing an x3 or even x5 profit.
In conclusion, every holder has to exercise patience with any asset placed on hold and reduce their emotional stress when  the market is bearish because the season for the bulls must always come by.

It could be that, or it could correlate a bit if Trump wasn't there, probably - in any case, there would be another event that would spike up the rally for BTC.
And holders, and the true bitcoiners - know that.

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Re: Patience is the Key to HODL
« Reply #5 on: November 08, 2024, 08:02:31 AM »
Though the reason of Holding an asset is solely for the reason of long term duration, but some bearish seasons can make the heart of some investors to beat faster.
It is clear that there is no much risk involved in holding an asset either BTC or ALTS but when the Crypto market is suffering a down trend for a longer period, most Holders are prone to sell off their assets as a result of fear. Believing that the market will keep experiencing more down trend, putting their portfolio at risk.
And some others tend to buy more at every significant price drop and even hoping to accumulate more asset at the dip.

-snip-

True OGs that know the market and how BTC, and to this extent, many alts alongside behave, never sell off their bags even if they see a little bit of red.
They know there will be a bounce back. And it will be big. So big, that everything is going to be fine in any case. Especially - with BTC.

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Re: Patience is the Key to HODL
« Reply #6 on: November 08, 2024, 08:29:56 AM »
Though the reason of Holding an asset is solely for the reason of long term duration, but some bearish seasons can make the heart of some investors to beat faster.
It is clear that there is no much risk involved in holding an asset either BTC or ALTS but when the Crypto market is suffering a down trend for a longer period, most Holders are prone to sell off their assets as a result of fear. Believing that the market will keep experiencing more down trend, putting their portfolio at risk.
And some others tend to buy more at every significant price drop and even hoping to accumulate more asset at the dip.

As a matter of fact, every holder has no reason to fear because there'll always be a bull season. A clear example is the market trend since the past 7days, BTC reaching over 76k from it's price of about 42k as at January 2024. For those Investors who has placed some of this asset on hold for the past one year is likely to be seeing an x3 or even x5 profit.
In conclusion, every holder has to exercise patience with any asset placed on hold and reduce their emotional stress when  the market is bearish because the season for the bulls must always come by.

Bro this doesn't work. Holding without direction is waste of time. Look at most coins ath in 2021 and now they're 70% down. If you want to hold. Hold utility' tokens and have a knowledge of TA so you know when to sell. Don't hold blindly

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Re: Patience is the Key to HODL
« Reply #6 on: November 08, 2024, 08:29:56 AM »


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Re: Patience is the Key to HODL
« Reply #7 on: November 08, 2024, 08:43:40 AM »
Though the reason of Holding an asset is solely for the reason of long term duration, but some bearish seasons can make the heart of some investors to beat faster.
It is clear that there is no much risk involved in holding an asset either BTC or ALTS but when the Crypto market is suffering a down trend for a longer period, most Holders are prone to sell off their assets as a result of fear. Believing that the market will keep experiencing more down trend, putting their portfolio at risk.
And some others tend to buy more at every significant price drop and even hoping to accumulate more asset at the dip.

As a matter of fact, every holder has no reason to fear because there'll always be a bull season. A clear example is the market trend since the past 7days, BTC reaching over 76k from it's price of about 42k as at January 2024. For those Investors who has placed some of this asset on hold for the past one year is likely to be seeing an x3 or even x5 profit.
In conclusion, every holder has to exercise patience with any asset placed on hold and reduce their emotional stress when  the market is bearish because the season for the bulls must always come by.

Bro this doesn't work. Holding without direction is waste of time. Look at most coins ath in 2021 and now they're 70% down. If you want to hold. Hold utility' tokens and have a knowledge of TA so you know when to sell. Don't hold blindly

BTC is not like most coins, however - I do believe you, and I do agree on the fact that holding have to be done with the reason in mind. Otherwise, the profit and results will not be there.

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Re: Patience is the Key to HODL
« Reply #8 on: November 08, 2024, 12:50:18 PM »

As a matter of fact, every holder has no reason to fear because there'll always be a bull season. A clear example is the market trend since the past 7days, BTC reaching over 76k from it's price of about 42k as at January 2024. For those Investors who has placed some of this asset on hold for the past one year is likely to be seeing an x3 or even x5 profit.
In conclusion, every holder has to exercise patience with any asset placed on hold and reduce their emotional stress when  the market is bearish because the season for the bulls must always come by.

The fact is, there are people who made a lot from HODLING; they understand the potential of Bitcoin.
They know that it takes patience and time to reap the fruit of your patience. Investors and traders should allocate funds for HODL because there's profit for investors; it may not be that huge, but compared to trading, its hassle-free. All you need is time and patience, you can start with small amount and add when you can its like savings that will yield a huge amount in the future.
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Re: Patience is the Key to HODL
« Reply #9 on: November 08, 2024, 12:58:40 PM »
When bearish trend continues longer than expected then a lot of investors sell off their assets. If a investor has spare funds to invest in that case he can hold his assets for long period, but other investors have no other option but to sell off.

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Re: Patience is the Key to HODL
« Reply #10 on: November 08, 2024, 01:02:37 PM »
It is clear that there is no much risk involved in holding an asset either BTC or ALTS but when the Crypto market is suffering a down trend for a longer period, most Holders are prone to sell off their assets as a result of fear. Believing that the market will keep experiencing more down trend, putting their portfolio at risk.
And some others tend to buy more at every significant price drop and even hoping to accumulate more asset at the dip.
The crypto currency you choose to invest in depends on the nature of your investment especially in terms of time frame. The idea is in the case of crypto currencies, volatility can either be a plus on your side , and that's of course if you invested in a coin that pumped or also a minus on your side if the coin eventually ends up dumping.

If you are looking to make long term hodling decisions the smartest option is actually bitcoin. From a view of progress over a lengthy period no coin or token in the entire crypto space beats bitcoin.  Altcoins can be profitable for a very short period of time and for that you have to have a nice understanding of the market. Yes some coins and especially token can pump to 10× but the truth is it won't last. It's easy to gain from them if you have the right information and knowledge and also easy to lose from them if you take them as a long term investment.
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Re: Patience is the Key to HODL
« Reply #11 on: November 08, 2024, 02:38:09 PM »
It would depend on the person's strategy. If they want to HODL, it is up to them as long as they know what they are doing and believe that they have made the right choice. It could be a great strategy if the market goes down. You would have more purchasing power if you saw the top and bought again when you reached the bottom.

It is all about strategy. Make sure that you know how much risk you’re taking so you won’t be hurt as much.
Yes, everything has its own risks and we must be able to adapt to it, including in implementing the strategy that we will use.

Basic knowledge is something that is very important, that's why we repeatedly say that we must be equipped with sufficient knowledge. Because here it's not just strategy that we need, but other things like mentality are also very important to have. Because sometimes when our mentality is not good, then we can't use our knowledge optimally.

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Re: Patience is the Key to HODL
« Reply #12 on: November 08, 2024, 02:49:01 PM »
Though the reason of Holding an asset is solely for the reason of long term duration, but some bearish seasons can make the heart of some investors to beat faster.
It is clear that there is no much risk involved in holding an asset either BTC or ALTS but when the Crypto market is suffering a down trend for a longer period, most Holders are prone to sell off their assets as a result of fear. Believing that the market will keep experiencing more down trend, putting their portfolio at risk.
And some others tend to buy more at every significant price drop and even hoping to accumulate more asset at the dip.

As a matter of fact, every holder has no reason to fear because there'll always be a bull season. A clear example is the market trend since the past 7days, BTC reaching over 76k from it's price of about 42k as at January 2024. For those Investors who has placed some of this asset on hold for the past one year is likely to be seeing an x3 or even x5 profit.
In conclusion, every holder has to exercise patience with any asset placed on hold and reduce their emotional stress when  the market is bearish because the season for the bulls must always come by.

Bro this doesn't work. Holding without direction is waste of time. Look at most coins ath in 2021 and now they're 70% down. If you want to hold. Hold utility' tokens and have a knowledge of TA so you know when to sell. Don't hold blindly

You are on point... There's always a reason of Holding an asset and the major reason is for an appreciation in price, to enable gain/profit collection within a specified period of time.
I don't think any Investor will hold his assets blindly and a true holder will make a wide research of whatever token he places on hold. When all these are set and done... There's only one way left to go.... And that's up to profit making!!!
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Re: Patience is the Key to HODL
« Reply #13 on: November 08, 2024, 03:07:00 PM »
Though the reason of Holding an asset is solely for the reason of long term duration, but some bearish seasons can make the heart of some investors to beat faster.
The reason for hodling bitcoin is not just for long term sake. Putting it this way seems like hodlers just hodl for long term without any sense of direction. We have short term hodlers, they have a goal or target they intend to achieve, once they get what they want, there is no longer any need hodling longer.

The reason for long term hodling is to reduce the impact of short term price swings so the hodler can get huge profits.
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Re: Patience is the Key to HODL
« Reply #14 on: November 08, 2024, 03:26:45 PM »
Though the reason of Holding an asset is solely for the reason of long term duration, but some bearish seasons can make the heart of some investors to beat faster.
It is clear that there is no much risk involved in holding an asset either BTC or ALTS but when the Crypto market is suffering a down trend for a longer period, most Holders are prone to sell off their assets as a result of fear. Believing that the market will keep experiencing more down trend, putting their portfolio at risk.
And some others tend to buy more at every significant price drop and even hoping to accumulate more asset at the dip.

As a matter of fact, every holder has no reason to fear because there'll always be a bull season. A clear example is the market trend since the past 7days, BTC reaching over 76k from it's price of about 42k as at January 2024. For those Investors who has placed some of this asset on hold for the past one year is likely to be seeing an x3 or even x5 profit.
In conclusion, every holder has to exercise patience with any asset placed on hold and reduce their emotional stress when  the market is bearish because the season for the bulls must always come by.

Bro this doesn't work. Holding without direction is waste of time. Look at most coins ath in 2021 and now they're 70% down. If you want to hold. Hold utility' tokens and have a knowledge of TA so you know when to sell. Don't hold blindly
A token if there is still an ocean floor from 2021 is to understand that they are very weak in terms of development activities. Because they could not provide any profit potential for investors due to which they could not retain investors. You should check that many of the top altcoins have increased in price. Moreover, the price of eth has started to increase so the price of many altcoins will change. Meanwhile i have been hold some token in 2019 but they are still dumping bottom. Currently the hype of new projects is high and most of the new projects are giving profit to investors due to which everyone is rushing towards new projects. Crypto market always goes with hype trends so investors want to make profit by exploiting this hype.

 

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