If you invested once a month during the bull market, you would have lost out on tons of gains. And conversely, if you applied the same strategy during the bear market, you would have gotten great deals.
So I'd say invest more frequently during a bull market, otherwise you miss out on the gains.
That’s just about right. Only invest whatever you can loose otherwise your emotions will destroy you. Meditate? Perhaps, it depends. Also don’t buy when most people are buying, that’s what I learned in 2008 financial crisis or now before before bitcoin got to 20k. I’m mostly buying now, but only whatever I’m confident to loos, so we shall see.
everybody wants to hold for a long term, but when the market crushes the emotions takes over and we panic. buying more when the market reached the bottom makes me feel so much better. One thing I am sure about. The bullrun is very close.
My best strategy since buying don’t meditate is to take a cold shower when I start panicking. lol Yes, it worked few times already. Of course, don’t overinvest yourself and don’t loan money to buy crypto. It will allow you not to panic.
I think. Now is the right time to hold a coin. Because the price of coins has not been stable. The price of the coin suddenly bounces upward.
If I save my coins. If the price goes down. I will buy again.
I do not sell coins. Usually beginner traders often panic when prices fall. Just a little down. they soon sell. The price bounces. They frantically buy coins back
Holding cryptocurrencies seems to me that it requires much more emotional than rational work. If we are not completely sure of the project of the cryptocurrency that we bought or we despair with the price falls I think it is better to look for other less risky investments.
U are right about the frequency of changes makes people accumulate fees.
I always try to use stop-loss to protect my earnings(since I HODL on the exchange wallet) or to avoid big losses, if the stoploss its good, once executed the price of the coin should go even lower to rebuy more coins than before.
Monthly investment strategy is the safest bet. I usually do it weekly and in small amounts (fees does become a problem if I do it more frequently).
Emotional management during a FUD............now that is a challenge.
For me is not to put whole yours money on long term. Put like 10-20 % and you can sleep very well instead of drama when price going down and you put almost everything. You mus't be a bit emotionless to be good Hodler.
These sought of advices could really be game changers for crypto markets. Anyways it depends on one how he perceives and works on such advices. Moreover its an inbuilt tendency to react..
If you are prepared to hold for the long term $cost averaging is IMHO opinion a good plan however I would add stop losses to make sure you don't get burned by a sustained bear run. You can also look to invest when the price bounces off the the 200 period (day) moving average which while not fool proof is statistically a good plan and plays mean reversion to your advantage.
hellow @louisthomas its really good decession of holding cryptocurrency,,,
i appreciate you sir thanks for your sharing ,,its truely need to investing for hold cryptocurrency
,,,
its really great advice for all user,,
If you invested once a month during the bull market, you would have lost out on tons of gains. And conversely, if you applied the same strategy during the bear market, you would have gotten great deals.
So I'd say invest more frequently during a bull market, otherwise you miss out on the gains.
That’s just about right. Only invest whatever you can loose otherwise your emotions will destroy you. Meditate? Perhaps, it depends. Also don’t buy when most people are buying, that’s what I learned in 2008 financial crisis or now before before bitcoin got to 20k. I’m mostly buying now, but only whatever I’m confident to loos, so we shall see.
Exactly ..
No need to panic because of the volatility of the market. Just be calm and weather the storm
everybody wants to hold for a long term, but when the market crushes the emotions takes over and we panic. buying more when the market reached the bottom makes me feel so much better. One thing I am sure about. The bullrun is very close.
My best strategy since buying don’t meditate is to take a cold shower when I start panicking. lol Yes, it worked few times already. Of course, don’t overinvest yourself and don’t loan money to buy crypto. It will allow you not to panic.
Best HODL advice? Accept that you're in it for the long term and stop checking the value of your portfolio every 10 minutes! :)
I’m all for the monthly dollar cost averaging strategy. It’s worked well for me. I’m glad to hear someone giving out reasonable advice.
I think. Now is the right time to hold a coin. Because the price of coins has not been stable. The price of the coin suddenly bounces upward.
If I save my coins. If the price goes down. I will buy again.
I do not sell coins. Usually beginner traders often panic when prices fall. Just a little down. they soon sell. The price bounces. They frantically buy coins back
Hey buddy i hope you're having a good day
You're a right
Sometimes we have to hold but it will get better
love cryptos o/
Hey mr louis thanks for sharing. thanks for giving that info
Sometimes is time hold
We are having a good moment
cheers
Holding cryptocurrencies seems to me that it requires much more emotional than rational work. If we are not completely sure of the project of the cryptocurrency that we bought or we despair with the price falls I think it is better to look for other less risky investments.
Sometimes is just crazy how price fall and thats when people go desperate
we need to stay calm sometimes. bless you
U are right about the frequency of changes makes people accumulate fees.
I always try to use stop-loss to protect my earnings(since I HODL on the exchange wallet) or to avoid big losses, if the stoploss its good, once executed the price of the coin should go even lower to rebuy more coins than before.
cryptocurrency market problem has been solve those type on problem in few days i hope so.
Let's see what's happen.
hodl in bear market is bad idea
obviously
the high volatile nature of crypto is making a psychological effect
people need to trust and hold on for longer
Monthly investment strategy is the safest bet. I usually do it weekly and in small amounts (fees does become a problem if I do it more frequently).
Emotional management during a FUD............now that is a challenge.
You are right. If you can't handle your emotions,.it's gonna be a rough ride filled with heartbreaks.
For me is not to put whole yours money on long term. Put like 10-20 % and you can sleep very well instead of drama when price going down and you put almost everything. You mus't be a bit emotionless to be good Hodler.
These sought of advices could really be game changers for crypto markets. Anyways it depends on one how he perceives and works on such advices. Moreover its an inbuilt tendency to react..
Thanks for the info, i'm holding my SBD's for the future! :)
Well, I'm a specific type of hodler. I only buy on big market dips and never sell then I buy more on further dips and never sell :)
my advice is to buy more and keep holding.
If you are prepared to hold for the long term $cost averaging is IMHO opinion a good plan however I would add stop losses to make sure you don't get burned by a sustained bear run. You can also look to invest when the price bounces off the the 200 period (day) moving average which while not fool proof is statistically a good plan and plays mean reversion to your advantage.
Sometimes it affect to much the emotion
thanks for your advice mr @louisthomas
Good post
Even i am new on this i'm learning day by day
thanks for share to all this community. :)
Its a big issue on crypto market!
we can just hope it will be fixed asap.
hellow
@louisthomas its really good decession of holding cryptocurrency,,,
i appreciate you sir thanks for your sharing ,,its truely need to investing for hold cryptocurrency
,,,
its really great advice for all user,,
its really great advice for us sir,,,i appreciate you ,,you said that are really great,,
Wow! Beautiful , a word is enough for a wise, good advice from the video