Patience is the Key to HODL

[Findingnemo]

The problem is not everyone prepared for long term investment, they heard that Bitcoin is giving huge returns so they just buy Bitcoin with money that's needed for something else in the recent future with the hope that they can make some returns in meanwhile but no investment assets won't work like that, the safest way is to plan long term investing that should be done with excess money that you will not use for anything else in the next few years.

[densus88]

The problem is not everyone prepared for long term investment, they heard that Bitcoin is giving huge returns so they just buy Bitcoin with money that's needed for something else in the recent future with the hope that they can make some returns in meanwhile but no investment assets won't work like that, the safest way is to plan long term investing that should be done with excess money that you will not use for anything else in the next few years.

I agree that bitcoin is best suited for long-term holding where we use free money, not needed for the long term. because if we use money that will be needed in the short term we cannot hold it well for the long term. because when the need arises, we will rush to sell our bitcoins.
How lucky are those who have free money.

[MRY]

I agree that bitcoin is best suited for long-term holding where we use free money, not needed for the long term. because if we use money that will be needed in the short term we cannot hold it well for the long term. because when the need arises, we will rush to sell our bitcoins.
How lucky are those who have free money.

This is right, Holding Bitcoin with the funds which are not required to be spent in the near future provides the opportunity to think and invest further with the help of calmness. If we have money that can be invested in this way, then, we are not called on to sell unconventionally. It all enables us to remain fixated on creating the likelihood of future revenues instead of worrying about the immediate demands.

[rachael9385]

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.

[ajiz138]

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.

Well, at least I can enjoy the money even though when it goes up I can't feel it to the fullest. But whatever it is, I got it from a free airdrop so this doesn't create any deep regrets at all.

It's different when we put capital and buy a coin for example, when the coin jumps very drastically the feeling of regret is there because we were too hasty in selling. But that's also okay, because previously we had also made a profit.

[JISAN]

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.

Altcoins are highly volatile, so trading large amounts is risky. Many compare altcoin trading to gambling.  But gambling and trading are completely different.  Altcoins are volatile depending on Bitcoin, but Altcoins don't rise much during Bitcoin's rise, but when Bitcoin's price starts to fall, Altcoin's price starts to fall much faster.  Those who trade in altcoin future or margin section spend time like gambling.  But to make good out of the crypto world you must HODL and be long-term

[doc]

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.

Altcoins are highly volatile, so trading large amounts is risky. Many compare altcoin trading to gambling.  But gambling and trading are completely different.  Altcoins are volatile depending on Bitcoin, but Altcoins don't rise much during Bitcoin's rise, but when Bitcoin's price starts to fall, Altcoin's price starts to fall much faster.  Those who trade in altcoin future or margin section spend time like gambling.  But to make good out of the crypto world you must HODL and be long-term

in my opinion in trading we need coins that have high volatility, that's the reason why I choose altcoin while for long-term assets where I hold for the long term I prefer bitcoin. Altcoin will always follow the movement of bitcoin even though in reality sometimes altcoin cannot follow the increase in bitcoin which is quite high, but we can still seek profit from it.

[lombok]

in my opinion in trading we need coins that have high volatility, that's the reason why I choose altcoin while for long-term assets where I hold for the long term I prefer bitcoin. Altcoin will always follow the movement of bitcoin even though in reality sometimes altcoin cannot follow the increase in bitcoin which is quite high, but we can still seek profit from it.

The idea of diversification with altcoins and Bitcoin is perfect since their price fluc-tuations contain the potential for bringing in the ‘quick buck.’ It is here that we can try to level the impact, and as a result in stable periods we can achieve faster results.

On the other hand, Bitcoin remains a good investment for the long term storage as it proved to be more stable against trends. While most altcoins tend to mimic Bitcoin, the fact that we have such a flexible strategy provides us with the most from both.

[Azharul]

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.

I think that you could express absurdity a best topic in your post. We also know that hold is one of the best earning way in cryptocurrency market. If we want to invest or hold in cryptocurrency market, we must understanding in cryptocurrency world. Because without knowledge in cryptocurrency market it will be best loss our profit. But when we hold in our valuable crypto, we must be remain patience for hold. The i believe that we could be more profitable in cryptocurrency market.

[Dr.Bitcoin_Strange]

I think that you could express absurdity a best topic in your post. We also know that hold is one of the best earning way in cryptocurrency market. If we want to invest or hold in cryptocurrency market, we must understanding in cryptocurrency world. Because without knowledge in cryptocurrency market it will be best loss our profit. But when we hold in our valuable crypto, we must be remain patience for hold. The i believe that we could be more profitable in cryptocurrency market.

The act of HODLing is a long term strategy, and should be considered as such if one is to actually benefit from the market using the strategy. And we already know also that when we talk about long term, we are automatically talking about Patience and Resilience, because without these qualities, it’ll be difficult or even impossible to HODL. Another thing is to really understand the dynamics of the market, as well as the asset you intend to HODL, what are the characteristics of this asset, how has the performance been in the previous cycles, although while it’s true that past performances may not always guarantee future results, but at least it could provide you and insight of what to do and how the asset may likely behave.

[nakmantu99]

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.

I think that you could express absurdity a best topic in your post. We also know that hold is one of the best earning way in cryptocurrency market. If we want to invest or hold in cryptocurrency market, we must understanding in cryptocurrency world. Because without knowledge in cryptocurrency market it will be best loss our profit. But when we hold in our valuable crypto, we must be remain patience for hold. The i believe that we could be more profitable in cryptocurrency market.

If you lack knowledge and experience in the crypto world or because of the busyness of the real world do not have time to do research, you should choose bitcoin for long-term holding if you want to be safe. but the top altcoins are also safe for medium-term holding. We can choose the top coins for investment.

[0t3p0t]

The problem is not everyone prepared for long term investment, they heard that Bitcoin is giving huge returns so they just buy Bitcoin with money that's needed for something else in the recent future with the hope that they can make some returns in meanwhile but no investment assets won't work like that, the safest way is to plan long term investing that should be done with excess money that you will not use for anything else in the next few years.

Well there are actually two type of investors those that are pure investors who have stable source of income and the low budget investors who has no stable job but still invest in Bitcoin which sometimes end up withdrawing for the daily needs. So yeah one can hold that long and one can't for some reason and it became an advantage for the upper class and disadvantage for lower class though it depends on their strategy how they can hodl. I personally belong in the lower class so I can't hold that long so maybe I'll go for the cheaper Altcoins first then if I earn profit I'll surely convert that into Bitcoin because my goal is to atleast save one whole BTC.

[bitcoin-shark]

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

[lombok]

I think that you could express absurdity a best topic in your post. We also know that hold is one of the best earning way in cryptocurrency market. If we want to invest or hold in cryptocurrency market, we must understanding in cryptocurrency world. Because without knowledge in cryptocurrency market it will be best loss our profit. But when we hold in our valuable crypto, we must be remain patience for hold. The i believe that we could be more profitable in cryptocurrency market.

Basically, the crypto world prides itself on the functionality as well as effectiveness of the performance, with the patience and understanding as the factors towards the restoration of the expected results. When we choose to invest and have a specific term of expected possession of an asset, we need to act on the ground of the analysis, not on guesse. But it also extends more to the conception of waiting for a competitive edge strategy and maintaining them according to shifting market factors.

However, it also implies that we have to support our decisions with practise and the most up-to-date information in the sphere of crypto. They help to build an extensive knowledge of the given field allowing to identify chances and opportunities for arising of certain risks. Although, facing limited probabilities on the stock market, with appropriate measures of time, expertise, and direction, this position can be gains the better returns in the investment.

[MRY]

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

The crypto market does have a cycle that is fully observable and characterised by fluctuations in the prices of cryptocurrencies. In this case, it is appropriate for us to have a vision in investment both in the short term and the long term. As a result, delimiting certain moments, we build a suitable strategy fully for ourselves and in accordance with our conditions and expectations. But one must be rather elastic on this matter because each person or company has different levels of risk bearing and their requirements are unique.

Also as a matter of fact, it is important that we consider the fact that endeavours such as holding assets can bring about good returns, if the exercise is well thought out. But there are circumstances when the plan of selling or buying has to be changed in accordance with shifts on the market and one’s requirements. We should be able to set a plan that will enable us come up with also strategies that depend with the current situation so that we can maximise both profit and reduce risk. When these decisions are made with full cognizance, then the results would be far more rewarding in the long run.