Post
Topic
Board Altcoin Discussion
Re: what things can do if i hodle for long time crypto
by
lalabotax
on 11/05/2024, 14:00:33 UTC

what are methods you used to forget the market conditions and keep hodl?

In my story , i always log to twitter and see what is happing , see coinmarketcap always, see youtube videos related to crypto. so this makes me sometimes panic , fear. 

please update what things you do
First, Ensure that the coins I'm holding are not shit coins to be. The way is at least to pick the top coins (Of course, Bitcoin is my first pick, more than others).
Then, move them into non-custodial wallet.

Set the target that I'm going to reach for the price of coins that I'm holding. each coin commonly has its own targeted price, so I'd like to check it when in bullrun whether it is rising up or dead. I'm also setting the target of time period, whether I'm going to invest or hold for very long time or for certain period (bearish - bullish).

Then, sometimes, check the market condition. It will of course go up and go down, but what to remember, never panic whatever the condition before the target is reached. Panic selling or buying will only harm our hodling.

Anyway, doing more accumulations to add more coins is also suggestable to do.