How many of us are being trap in a position whereby we are frustrated to see your favorite coin decreasing in price day after day. Everyday looking at the price with the hope of a trend reversal.
In such case, a few attitude are usually taken:
- OBSERVER. Everyday we spend time with the “hope” that the price will go up and fear to see the price going lower. Do you know that in such scenario you are in fact focusing on the decrease and therefore you bring further energy to the trend?
- LET IT GO. In this case, we are so much believing in the coin that we don’t pay attention to it anymore and we look back at the price once a week or once a month. In term of action, you don’t do anything but it is much more healthy than the first attitude as you but your mind elsewhere.
- ACTION. If you want to see change in your life, you have to change things in your live. At anytime you can decide to allocate some effort to help your favorite coin progressing. It doesn’t require more time than the first attitude (where you are definitely losing time everyday) but here you can build thinks and influence positively the trend.
From these three HODLERS attitudes, you now understand that it is better to prioritize the ACTION over the LET IT GO and OBSERVER attitudes.
What about “not hold”? In fact another ACTION is to sell a part or your entire position. In some situation it can help you to release some frustration and start new actions.
The universe is made of cycle. Everything around us works with cycles and movements. Only the movement creates prosperity in every domains. Even with money, do you think the best traders are just holding their positions for years?
Even on the crypto world. Some selling 1 BTC at the all-time-high of $20,000 in December 2017 could have buy 6 BITCOIN at the low of $3,300 in December 2018. Today it would be $55,000. Ok it is an extreme scenario but I can tell you that traders have made much more than that because they play with the movements and the energy of the flows.
To hold or not to hold?
Well, it depend on you and both require ACTION if you want to take the best of each.
If you prefer to hold, then do it with the “let it go” attitude.
Have a very good day.