Post
Topic
Board Altcoin Discussion
Re: what things can do if i hodle for long time crypto
by
Huppercase
on 11/05/2024, 19:10:58 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

Do you know what gives people confidence in holding? There are many of them but I will share you the basic ones you need and not bore you with plenty of them.

First of all, if you want to have peace of mind in anything that you buy in this crypto market, you must use the money you can afford to lose. Don't go and use your savings, emergency money or even health funds to invest in crypto thinking that it will grow later, you might kick wrong financial decisions with such kind of move.

Secondly, this one is very important : Buy what you know that will always recover when other coins are making recovery, don't buy coins that have a lot of supply and are very much in circulation, such coins experience sell pressure each time and you may lose confidence in such coins.

My last but not the least advice is to invest in a coin that team are well known with good reputation, don't invest in a coin that when something happen tomorrow they will be around to sort it and not exit or run away as many projects has done in the past leaving investors hanging.

Good luck.