Post
Topic
Board Economics
Re: Digital asset is for holding
by
hodllord
on 16/01/2022, 13:48:03 UTC
Before thinking of investing in any sector what one considers is how long you are willing to hold. Let's take the history down to how investment all began. Moving from the era of Real estate to stocks to metals to oil blocks and now digital assets we would agree those who made it big in all this investment options were those who had the patience to hold.

This kept me wondering why one would even think of investing if they don't have the patient to hold. If you can't develop the hold attitude then the best option is to do a physical business where you can monitor your profit and see them come in regularly. If it must be crypto then you must be willing to hold and wait

I think people lose their ability to hold for a long run due to the fact that they felt the greed when they saw that their investment is having a considerable gain.

Based on my self also, when I entered crypto Q4 of 2020 going to 2021 I made a generous gain and felt that I need to cash it out as I felt the greed and the fear that it may fall anytime. That kind of thinking I have before brought me to realization that if you believed in something then you should trust it.

Now, I was able to hold from July 2021 up to this point in time without selling any of my assets and still planning on holding years and years.