I am not panicking about holding at all because I did my research and only invested in coins that are here to stay for longer because of their use case and market dominance in the area they are focusing on. I also didn’t buy at ATH because many of the cryptocurrencies were just hyped-up. Additionally, I diversified my investments so I didn’t go all in.
Best advice is not to panic. Stay calm Chen everyone panics. If you invested in crypto, this means you belive in it. If you don’t belive in it, don’t even consider investing, it will destroy you eventually.
HODling this mean keeping the coin for as assets for future profit, by buying and keeping and optimistics the coin will yield profit, is good to HODling coin for future profit. I like this video, its exposed me to some terminologies in cryptos world.
Thanks for the advice Louis, I think they're pretty good. In addition to advices we need a lot of mental strength, it is not easy to survive in a market as volatile as this.
You nailed it!!
That is exactly the problem with some people. It is emotional. If you remain calm and avoid looking st the prices every five minutes you ll eventually have good results.
Thank you for the update @louisthomas
Couldn't agree more, as a matter of fact, just as it is with life, if you aren't 100% in, you risk of failing hard, with the cripto currencies if you don't have faith in the investment, you'll fail hard, sell low, etc..
Nice post as always dude, keep on!
Good advice. Timing the market is so difficult, so dollar cost averaging works well. I'm pretty confident that the market will turn around sooner or later, so I don't feel too bad about being at a loss at the moment. I'm still buying so a falling market isn't such a bad thing for me.
Verge is paying off nice for me right now. :) Get in on ZenCash while it's low. By far my favorite privacy coin out there. The development team is great and one of the most professional I've seen if not the most.
Hola @louisthomas
Muchos de los grandes no están publicando por estar desanimados por el valor de las cryptomonedas; en especial por el Bitcoin y su efeco en el Steem Dolar.
En este juego no puedes desanimarte. Recuerda primero que tienes que esperar 7 días para cobrar. En ese iempo puede subir 25%, 50%, 100% o 175%.
Ánimo a todos y para adelante.
Saludos y Gracias por el artículo
I guess another strategy can be buy and go for a trip then you will forget what you bought :)
always hold or buy more when there is blood in the streets
Yep. The only way you'll come out ahead of anyone is if you do things differently. Going with the flow will only result in mediocrity.
I am not panicking about holding at all because I did my research and only invested in coins that are here to stay for longer because of their use case and market dominance in the area they are focusing on. I also didn’t buy at ATH because many of the cryptocurrencies were just hyped-up. Additionally, I diversified my investments so I didn’t go all in.
Best advice is not to panic. Stay calm Chen everyone panics. If you invested in crypto, this means you belive in it. If you don’t belive in it, don’t even consider investing, it will destroy you eventually.
HODling this mean keeping the coin for as assets for future profit, by buying and keeping and optimistics the coin will yield profit, is good to HODling coin for future profit. I like this video, its exposed me to some terminologies in cryptos world.
Great as allways!
It's hard to hold when you need to sell but waiting is essential to get a huge profit, very nice video as always!
Thanks for the advice Louis, I think they're pretty good. In addition to advices we need a lot of mental strength, it is not easy to survive in a market as volatile as this.
You nailed it!!
That is exactly the problem with some people. It is emotional. If you remain calm and avoid looking st the prices every five minutes you ll eventually have good results.
Thank you for the update @louisthomas
Heres my HODL!
https://steemit.com/bitcoin/@cassidyandfranks/hodl-33
Couldn't agree more, as a matter of fact, just as it is with life, if you aren't 100% in, you risk of failing hard, with the cripto currencies if you don't have faith in the investment, you'll fail hard, sell low, etc..
Nice post as always dude, keep on!
Emotions really do run rampant when market sways wildly. I mean we all have to keep our fears in check to make rational decisions.
Good advice. Timing the market is so difficult, so dollar cost averaging works well. I'm pretty confident that the market will turn around sooner or later, so I don't feel too bad about being at a loss at the moment. I'm still buying so a falling market isn't such a bad thing for me.
Best hodling advice: buy low and hodl. :P
Verge is paying off nice for me right now. :) Get in on ZenCash while it's low. By far my favorite privacy coin out there. The development team is great and one of the most professional I've seen if not the most.
The best tips are really well done, my friend
You give us the best information thank you
Never buy on the +20% up days...i understand the emotion and why it’s so hard but You buy BEFORE the move. Keep it simple.
Hola @louisthomas
Muchos de los grandes no están publicando por estar desanimados por el valor de las cryptomonedas; en especial por el Bitcoin y su efeco en el Steem Dolar.
En este juego no puedes desanimarte. Recuerda primero que tienes que esperar 7 días para cobrar. En ese iempo puede subir 25%, 50%, 100% o 175%.
Ánimo a todos y para adelante.
Saludos y Gracias por el artículo
smart man
Nice post Louis well time to hold and sell in good moment.
.
Alan Watts is great advice for dealing with all aspects of this fascinating experience we call "life"
Our man Warren Buffet told us the markets transfer the money from the impatient to the patient! Never forget to HODL!!
p.s. Don't be shy in checking out my profile for economic news and trading insights, I'm keen to share and want to know everyone's thoughts!
Probably better suggestion...
Holding power is the main key to success for cryptocurrency exchanger, when people hold their coin they will get profit such as
2x,3x,4x,5x,7x,10x,20x,50x,100x easily.
source
Long-term trading is safer than short-term or day trading,
So everybody Be patient and respects your holding.
What was the name of the book again?
awesome! check out my blog too! https://steemit.com/ico/@recordfoundation/bounty-program-earn-free-record-tokens
Hi @louisthomas
Excellent article. I subscribed to your blog.
I will be grateful if you subscribe to my blog @dreladred
Good luck to you!