Quote from: Kelvinid on Today at 12:03:41 PM

Quote from: Bitstar_coin on December 08, 2023, 06:50:16 PM

Quote from: Mehedi72 on December 07, 2023, 08:19:18 PM

True. People who aren't expert in trading, holding is only option for them to make profit. But hold has ups and downs and sometime you need to go through a risky process while you don't have knowledge about dip or where to buy. Most of people want to have profit within short time but problem will start when you unfortunately buy your a altcoin while it was high priced and then it dumped from the point you bought, that will be the most channeling thing as you don't know how long you need to wait for recovery. The common issue is, when a holder become so panic and sold token with loss. So yeah, it is hard to hold till become make profit from it

This situation has happened to me and I can tell you it is not an easy place to be, buying from the top and the price get dumped and you are literally stuck, not able to sell because you will be losing 90% of your investment.
I can say it is the moment when your hodl ability is tested, it fills like forever, not going to lie.
Hodl is not easy, the period is full of different challenges and if you are able to pull through to the next circle, you can consider yourself a diamond hand. Grin

Well, I could agree especially if we often check our coins every day because at the moment we saw that our total investment turned red, we started to think negatively and sometimes went to selling. Indeed, holding is a self-test if we really have patience and how long we can take it. It is actually boring to wait long which is why more investors prefer short-term investment over long-term. And holding was hard especially if we overthink that after we buy, we already then earn some and much more if we just relied solely on this investment.

To be precise, making money has never been easy and in investing, holding or trading bitcoin is how we make money, so nothing is easy. But between holding and trading, holding is clearly still much easier than trading. We only need basic knowledge and patience to become a holder, but becoming a trader and making a profit from it is many times more difficult than holding. Everything will have its own pros and cons, but it cannot be denied that holding is still much easier than trading.