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Author Topic: Patience is the Key to HODL  (Read 7221 times)

Online ajiz138

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Re: Patience is the Key to HODL
« Reply #30 on: November 10, 2024, 02:28:03 PM »
New coins obtained from airdrops or bounties should be sold immediately, we should not be greedy because they are free coins.
but buying coins from new projects, we can hold. Not greedy because it is the result of research and long observation to study the project.
I also hold new coins that I feel will have a bright future, but not reward coins, the result of bounties and airdrops.
There is something interesting when talking about coins that we get from airdrops. Because when we sell it, the coin will move higher, but when we hold it, the coin will decrease.

For example, when I got Grass recently, I sold it and a few days later the price jumped hundreds of percent. Maybe I was too hasty, but this often happens. It feels strange, but that's how I feel. Lol

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Re: Patience is the Key to HODL
« Reply #30 on: November 10, 2024, 02:28:03 PM »

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Re: Patience is the Key to HODL
« Reply #31 on: November 11, 2024, 05:16:20 PM »
New coins obtained from airdrops or bounties should be sold immediately, we should not be greedy because they are free coins.
but buying coins from new projects, we can hold. Not greedy because it is the result of research and long observation to study the project.
I also hold new coins that I feel will have a bright future, but not reward coins, the result of bounties and airdrops.
There is something interesting when talking about coins that we get from airdrops. Because when we sell it, the coin will move higher, but when we hold it, the coin will decrease.

For example, when I got Grass recently, I sold it and a few days later the price jumped hundreds of percent. Maybe I was too hasty, but this often happens. It feels strange, but that's how I feel. Lol
It's good that you sell them than keeping these coins because their prices will always dip in the long run and you might regret holding them for too long. It's only bitcoin that you are sure that after a dip, the price will recover no matter how long it stays at the dip. However, you own the coins and you can do whatever you think is best for you.

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Re: Patience is the Key to HODL
« Reply #31 on: November 11, 2024, 05:16:20 PM »

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Re: Patience is the Key to HODL
« Reply #32 on: November 11, 2024, 05:31:43 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.

Those that take advantage of the market at every dip and bearish point in the market, they are the ones that get the biggest portfolio most times and will have the biggest gains because of the higher number of holdings they have already in their portfolios. Not everyone can keep up to that, but holding up and not selling is better than selling out of fear of losing all. Not all Alts can be dependent on to rise in this manner, most of them don’t make it this far as bitcoin does at every cycle.

Quote
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 its 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.

These are the moments many investors have been waiting for years to come and it come at just the time when a lot of controversy was still going on if bitcoin can perform well in this bull run or not. This is a clear indication that bitcoin will always follow history but it may defy in the time for it to happen, but it’ll definitely bound to happen at the designated time it should. Those that sold early and not having that patient and trust in the market to be this profitable now will not be happy, but I doubt it many didn’t hold on. Only newbies investors will be having this issue, but majority of hodlers would be in profit now.

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Re: Patience is the Key to HODL
« Reply #33 on: November 11, 2024, 05:39:41 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.
In fact, when there is a shortage, the investment has to be sold at a much lower price to meet the demand. Although dumping continues in the market for a long time after selling the investment, all these situations are created for those who do not have a job and have to live their lives depending on the earnings of this altcoin or bitcoin forum. Especially people from middle class families are the worst in such situations. Those who have other means of financing do not have to sell their investments even in bearish markets. If I consider from my side, I can't hold anything for long because we always have shortages due to which if we invest something, even if the market goes down, we have to sell those investments due to scarcity.
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Re: Patience is the Key to HODL
« Reply #34 on: November 11, 2024, 06:37:53 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.

If you can't hold Bitcoin the days when the market is red and tough, then you don't deserve the profit when everywhere is green. Just the same year Bitcoin price hit $73k and everyone was jubilating about the price and it went down to.$46k and all of a sudden everyone became bearish but those who were smart held into the coming election as pivot.

I know that this might looks small compare to the run Bitcoin has had, some people thinks that this profits is not huge especially people with small money but atleast it's a big call for everyone that shows that the market is always bullish when it's time.
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Offline satpol_PP

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Re: Patience is the Key to HODL
« Reply #35 on: November 11, 2024, 09:10:34 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.

If you can't hold Bitcoin the days when the market is red and tough, then you don't deserve the profit when everywhere is green. Just the same year Bitcoin price hit $73k and everyone was jubilating about the price and it went down to.$46k and all of a sudden everyone became bearish but those who were smart held into the coming election as pivot.

I know that this might looks small compare to the run Bitcoin has had, some people thinks that this profits is not huge especially people with small money but atleast it's a big call for everyone that shows that the market is always bullish when it's time.
patience and calmness when seeing the red crypto market is the key to success. when the market is corrected we should still hold our coins and wait until the market improves again. Currently bitcoin has reached ATH $ 86 K, and it looks like it will soon touch $ 90 K if there is no negative news that makes the crypto market red again.

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Re: Patience is the Key to HODL
« Reply #36 on: November 11, 2024, 09:18:37 PM »
New coins obtained from airdrops or bounties should be sold immediately, we should not be greedy because they are free coins.
but buying coins from new projects, we can hold. Not greedy because it is the result of research and long observation to study the project.
I also hold new coins that I feel will have a bright future, but not reward coins, the result of bounties and airdrops.
There is something interesting when talking about coins that we get from airdrops. Because when we sell it, the coin will move higher, but when we hold it, the coin will decrease.

For example, when I got Grass recently, I sold it and a few days later the price jumped hundreds of percent. Maybe I was too hasty, but this often happens. It feels strange, but that's how I feel. Lol
It's good that you sell them than keeping these coins because their prices will always dip in the long run and you might regret holding them for too long. It's only bitcoin that you are sure that after a dip, the price will recover no matter how long it stays at the dip. However, you own the coins and you can do whatever you think is best for you.
Rewards coins from bounty or airdrop if you do not have a good team and project should not be held because the price is likely to go down and you lose the opportunity to sell at the beginning.
 If you want hold, you should buy Top Koins, the sale of your rewrads, this makes more sense.

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Re: Patience is the Key to HODL
« Reply #36 on: November 11, 2024, 09:18:37 PM »


Offline Tribalchief

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Re: Patience is the Key to HODL
« Reply #37 on: November 11, 2024, 09:33:11 PM »
patience and calmness when seeing the red crypto market is the key to success. when the market is corrected we should still hold our coins and wait until the market improves again. Currently bitcoin has reached ATH $ 86 K, and it looks like it will soon touch $ 90 K if there is no negative news that makes the crypto market red again.

I believe so many people must have sold from their portfolio when bitcoin went as dip as $52K few months ago. The truth is, the rules the governs the crypto market still remains the same, and does not change, and i guess won't change any time soon. The fluctuation of bitcoin's price has been happening for years, until this very minute that we've found ourselves chasing after a $100K price, which sounds nearly impossible at the beginning of this year. But, unfortunately, some hodlers still acts as if they don't know how the market works.

Okay, one funny example was when the Germany government sold their holdings few months back at $62K(if i remembered correctly), and to, the price of bitcoin has grown beyond their expects, i guess they will be hitting theirs heads in regret right now. Just imagine the  loss they've incurred for lacking that simple word "Patience".
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Offline rizqillah

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Re: Patience is the Key to HODL
« Reply #38 on: November 11, 2024, 11:21:49 PM »
patience and calmness when seeing the red crypto market is the key to success. when the market is corrected we should still hold our coins and wait until the market improves again. Currently bitcoin has reached ATH $ 86 K, and it looks like it will soon touch $ 90 K if there is no negative news that makes the crypto market red again.

I believe so many people must have sold from their portfolio when bitcoin went as dip as $52K few months ago. The truth is, the rules the governs the crypto market still remains the same, and does not change, and i guess won't change any time soon. The fluctuation of bitcoin's price has been happening for years, until this very minute that we've found ourselves chasing after a $100K price, which sounds nearly impossible at the beginning of this year. But, unfortunately, some hodlers still acts as if they don't know how the market works.

Okay, one funny example was when the Germany government sold their holdings few months back at $62K(if i remembered correctly), and to, the price of bitcoin has grown beyond their expects, i guess they will be hitting theirs heads in regret right now. Just imagine the  loss they've incurred for lacking that simple word "Patience".
You are right, those who have sold their bitcoins at low prices like the German government selling bitcoins at $62K, don't they know that the price of bitcoin is getting more expensive, even now bitcoin has touched ATH $87K and will soon approach $100K.
It is possible that by the end of this year bitcoin will have exceeded the price of $100K, many people are currently predicting that.

Offline sampoerna

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Re: Patience is the Key to HODL
« Reply #39 on: November 11, 2024, 11:50:44 PM »
I believe so many people must have sold from their portfolio when bitcoin went as dip as $52K few months ago. The truth is, the rules the governs the crypto market still remains the same, and does not change, and i guess won't change any time soon.
Of course. Patience is the key. and for now, approximately how much have your Bitcoin assets increased? Waiting from year to year holding BTC may seem a long time but when the time is right now the price is approaching the target, in fact you are a bit confused about what number the TP should be.

But what is most appropriate for me is correct for setting some targets. so that I won't be too greedy and regret it later. and when talking about countries, El Salvador, which openly announced its investment in BTC, is now truly successful. Patience is key, as long as we really understand what we are trying to do.
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Offline enwi

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Re: Patience is the Key to HODL
« Reply #40 on: November 12, 2024, 02:50:10 AM »
patience and calmness when seeing the red crypto market is the key to success. when the market is corrected we should still hold our coins and wait until the market improves again. Currently bitcoin has reached ATH $ 86 K, and it looks like it will soon touch $ 90 K if there is no negative news that makes the crypto market red again.

I believe so many people must have sold from their portfolio when bitcoin went as dip as $52K few months ago. The truth is, the rules the governs the crypto market still remains the same, and does not change, and i guess won't change any time soon. The fluctuation of bitcoin's price has been happening for years, until this very minute that we've found ourselves chasing after a $100K price, which sounds nearly impossible at the beginning of this year. But, unfortunately, some hodlers still acts as if they don't know how the market works.

Okay, one funny example was when the Germany government sold their holdings few months back at $62K(if i remembered correctly), and to, the price of bitcoin has grown beyond their expects, i guess they will be hitting theirs heads in regret right now. Just imagine the  loss they've incurred for lacking that simple word "Patience".
You are right, those who have sold their bitcoins at low prices like the German government selling bitcoins at $62K, don't they know that the price of bitcoin is getting more expensive, even now bitcoin has touched ATH $87K and will soon approach $100K.
It is possible that by the end of this year bitcoin will have exceeded the price of $100K, many people are currently predicting that.
The constant increase in the bitcoin price indicates how much this asset will expand in future. While looking at some parties that have been selling at lower prices, may be this makes me aware that, patience has rewards when it comes to investing. The movement of Bitcoin that is reaching nearer to $100K once again gives a new hope and maybe the portfolio holders of this asset can open up a new set of opportunities. The trend that most individuals foretell will gather momentum as the year draws to a close also supports our view of a rosy future for bitcoin.

Offline Yamzakid

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Re: Patience is the Key to HODL
« Reply #41 on: November 12, 2024, 10:52:13 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.

I can't advise holding altcoins for a long time because that will bring your investment closer to the losses because not ALTS recover again when they experience dips. If you want to invest in altcoins, choose the utility ones they are more
 profitable than bitcoin for short term investment. Bitcoin is worth holding for a long time as we can all see how its price has changed this year and is currently above $80k, which is the new ATH.

No matter how dip bitcoin goes, it will recover and come at a better price than investors expect. Bitcoin long-term holding is about patience, and the result will surely beneficial. We should invest wisely, short-term investments in utility ALTS are profitable, while bitcoin is good for long-term investments.

Offline Agbe

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Re: Patience is the Key to HODL
« Reply #42 on: November 12, 2024, 12:51:50 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.
Patient is one essential thing that everyone in crypto and other related asset holders should have because the market may be doing badly today but that market will be up tomorrow so anyone having any coin that is not appropriating in value should be patient as you may not know when that coin will be the hottest and most valuable in the market so every Holder of coin that are looking at a long time investment should be patient enough to see that coin grow just like Bitcoin that was around $40k in January but has appreciated to ove $75k today so we should be patient enough for investment to mature before thinking of selling off our assets

Offline Blaze

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Re: Patience is the Key to HODL
« Reply #43 on: November 12, 2024, 03:22:08 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.
Patient is one essential thing that everyone in crypto and other related asset holders should have because the market may be doing badly today but that market will be up tomorrow so anyone having any coin that is not appropriating in value should be patient as you may not know when that coin will be the hottest and most valuable in the market so every Holder of coin that are looking at a long time investment should be patient enough to see that coin grow just like Bitcoin that was around $40k in January but has appreciated to ove $75k today so we should be patient enough for investment to mature before thinking of selling off our assets
Cryptocurrency investing is a game that requires patience since the value of an investment asset can jump high or fall heavily in quick succession. If we decide to make the investment for a long period of time, then we allow the asset the opportunity to progress further in the future. They are correct in that every high or low is organic to the movement of the market, and by not panicking and just dumping our holdings for a lower rate we can see a much higher level of ROI. That is why relying on time to improve the value of an asset will give us a much higher outcome given the fact that the value of crypto assets can inflate beyond any measure.

Offline Rubel007

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Re: Patience is the Key to HODL
« Reply #44 on: November 12, 2024, 06:18:38 PM »
New coins obtained from airdrops or bounties should be sold immediately, we should not be greedy because they are free coins.
but buying coins from new projects, we can hold. Not greedy because it is the result of research and long observation to study the project.
I also hold new coins that I feel will have a bright future, but not reward coins, the result of bounties and airdrops.
There is something interesting when talking about coins that we get from airdrops. Because when we sell it, the coin will move higher, but when we hold it, the coin will decrease.

For example, when I got Grass recently, I sold it and a few days later the price jumped hundreds of percent. Maybe I was too hasty, but this often happens. It feels strange, but that's how I feel. Lol
This is a common situation and I think almost everyone will comment like that. I myself get frustrated and sell when a particular coin doesn't see a rise after holding it for a certain time, and after a few days the price of that coin rises. In this case, the fault lies not with others, but own inefficient decisions that lead to such a situation. We should build a strong hand for holding by considering a good coin. Especially in the case of Bitcoin if we can't hold long term it's our own fault. Bitcoin is risky in the short term where there is a high chance of losing. But for long-term holders, Bitcoin must be able to deliver significant returns.

 

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