Post
Topic
Board Altcoin Discussion
Re: Hodling requires perseverance
by
tranduc2101
on 20/07/2018, 09:40:14 UTC
Yes, it is true that perseverance is the mother of success. One of the toughest thing to do when it comes to crypto, is the ability to hold for long.
I had a discussion with a friend. We decided to hold our tokens, because we had fiat to fall back on peradventure there is any need for it.
Presently, it is a different story, we are now in need of fiat, but all the tokens we presently hold have dumped. If we sell now, we would sell at loss, but getting money without selling is quite difficult.
As a matter of fact, we are seriously deliberating on what to do, yet we kept on telling ourselves that "it's just for a while."
Yes, hold requires persistence. Some people are investing long-term but they are not persistent, so they were very scared when selling Bitcoin or altcoin when prices started to fall. I think that is the most serious mistake for the holder