Crypto deals with our emotions and after spending years in cryptoverse I realized that we have so many people that can handle the emotions that come with crypto and this is why it is difficult to hold. What brings about emotions is the unpredictable nature of the market that does not follow our intention most times and makes holding coins very difficult.
We always talk about good projects and how investing in good projects can change our lives but 30% of people that miss out on attaining financial freedom through crypto fail because they did not hold and we have so many reasons why people don't hold.
Don't Want to lose
One of the reasons why people don't hold is fear of losing their money. Crypto is volatile and the market can be on a downward trend for months which makes some people panic and sell in fear. When the market is going down people find it difficult to hold on because of fear.
Nobody wants to lose their hard earn money but when you have done your assignment on a project and it meets your grades invest what you can avoid losing to ease the pressure of the market because it will always test your fate in a project.
Profit
Taking a profit is one the most important thing in investment but in crypto is one the most difficult thing to do because taking a profit at the right time is good but taking a profit at the wrong time reduce your chances of making more money and also bring about regret.
Those that sell btc around 10$ would have thought they did the right thing but looking at it with the current market price show that it was a big mistake, so many people sell all their bags because of little profit instead of holding the coin.
Hodl
Holders are gainers and nothing can change that, fear and taking profit is noemal, we learn how to take profit that won't lead to us selling all our bags or making bad decisions because of fear. Crypto is challenging lives and the more you hodl and invest the wealthier you become.
