Struggling to Leave Your Assets Untouched? Here’s How I Became a Better Hodler
Have you ever had the feeling that you were grasping on for dear life while riding a terrifying roller coaster? That’s exactly how I used to feel about my crypto assets. The ups and downs of the market would keep me awake at night, constantly checking my phone, and wondering if I should sell or hodl. Every little dip in the market made my heart race, and I’d panic, thinking I should sell before it went down even more. Then, when the market went up, I’d regret selling and wish I had held onto my assets. It was like a never-ending cycle of anxiety and regret.
But this never-ending cycle came to an end (I hope so) when I started to religiously utilize the “hodling strategy” a few years back. Now, If you’re new to crypto, you might be wondering, “What in the world is hodling?” Well, it’s not a typo; it’s a term that originated from a simple misspelling of “holding.” It simply means buying a crypto asset and then holding on to it for the long haul, regardless of the daily price fluctuations.
But over time, the term “hodling” has come to mean something much more profound in the world of cryptocurrencies.
Let me be clear though, religiously utilizing the hodling strategy wasn’t easy at first. It felt like fighting my instincts, but at that time, I was really determined to see if this strategy could actually work for me. And I’m glad to say that the hodling strategy has really helped my portfolio grow and continues to help me in a number of ways. That despite the market’s wild swings, my portfolio was and is still gradually growing.
So, how did I do it?
First and foremost, DYOR. I spent hours understanding the fundamentals of the coins I had invested in, and staying updated with the latest news in the crypto space.
Next, I set clear goals for my investments. I decided on a timeline for how long I was willing to hodl each asset and what profit margins I was aiming for. This helped me resist the temptation to sell impulsively.
One of the most important lessons I learned was to stay patient. Rome wasn’t built in a day, and neither was a substantial crypto portfolio. I had to remind myself that crypto markets were highly volatile, and short-term price fluctuations were normal. The key was to focus on the long-term potential.
Lastly, I joined crypto communities and forums to connect with like-minded individuals. Sharing experiences and insights with fellow hodlers provided emotional support and helped me stay strong during challenging times.
Again, if you’re struggling to leave your assets untouched, take a step back and consider those lessons. With the right mindset and a solid plan, you can become a better hodler too. Remember, it’s not about timing the market; it’s about time in the market 😉