Is holding Bitcoin harder financially or psychologically?

[Achalugo BTC]

If we would follow the investment quote that goes to say Only invest what you could afford to lose then the battle would only be psychologically we wouldn't be bother financially.
If we are only investing our excess money then we would be bothered by the price we would hold it no matter what happen unless it already reach the price that we are aiming to or we already gain the profit that we are looking for.

Exactly but most people won't adhere to it, even though they are aware of it but yet, they will still want to start investing with a big amount of money, even when they don't have such amount, they can take a loan for it just to do what they want.
Which is bad because if the market doesn't go as they planned, it might both affect them financially and psychologically, which can lead them to losses if the market dips below their capital.
That is why people should not neglect to follow the instructions of investment, especially if it involves crypto so that they will not do anything that will affect their plans.

[Baki202]

If we would follow the investment quote that goes to say Only invest what you could afford to lose then the battle would only be psychologically we wouldn't be bother financially.
If we are only investing our excess money then we would be bothered by the price we would hold it no matter what happen unless it already reach the price that we are aiming to or we already gain the profit that we are looking for.

Exactly but most people won't adhere to it, even though they are aware of it but yet, they will still want to start investing with a big amount of money, even when they don't have such amount, they can take a loan for it just to do what they want.
Which is bad because if the market doesn't go as they planned, it might both affect them financially and psychologically, which can lead them to losses if the market dips below their capital.
That is why people should not neglect to follow the instructions of investment, especially if it involves crypto so that they will not do anything that will affect their plans.

Since Bitcoin can be owned in fractions, you don't have to pressure yourself too much. Even if you have very little, you don't have to worry about it, and the financial and psychological pressure might be there, but there are solutions to this challenge as long as you can be consistent. And then another thing is emotional control, when you are holding its either you are going to be panicking or they are suffering financially because they did not make provisions for emergency funds, which will result in worries and might end up in selling.

And anything that has to do with you holding requires a lot of sacrifice because you have to hold for a very long time, so patience, discipline, and all this are not easy to work with, so the emotion aspect is even worse because it is not going to be funny at all, but those that are already used to it no longer worry about whatever the condition might be because they have everything sorted out starting from DCA and even the emergency funds.

[Swordsoffreedom]

If we would follow the investment quote that goes to say Only invest what you could afford to lose then the battle would only be psychologically we wouldn't be bother financially.
If we are only investing our excess money then we would be bothered by the price we would hold it no matter what happen unless it already reach the price that we are aiming to or we already gain the profit that we are looking for.

Exactly but most people won't adhere to it, even though they are aware of it but yet, they will still want to start investing with a big amount of money, even when they don't have such amount, they can take a loan for it just to do what they want.
Which is bad because if the market doesn't go as they planned, it might both affect them financially and psychologically, which can lead them to losses if the market dips below their capital.
That is why people should not neglect to follow the instructions of investment, especially if it involves crypto so that they will not do anything that will affect their plans.

I do not know how many people are borrowing money to invest in bitcoin, but I believe many of us are investing everything we have in bitcoin. Not many people adhere to investment principle and use only money they can afford to lose as they often claim. And indeed, that has pushed people into a battle, both psychologically and financially, in which they have very little chance of winning. Because this is an uneven battle for most investor like us

[Sonia_123]

merry Christmas and Happy new year in advance my fellow Bitcointalk's.

Please I will like to hear some opinions from members of this community on this debate, especially from those members who have held Bitcoin for at least two to three cycle. Today myself and three of guys were just having some argument until this particular question  was asked by one of guy, if holding Bitcoin is harder financially or psychologically? And Frankly speaking I and my friend haven't held Bitcoin for one cycle, we are just new to the space. Although many people often say just hold, but in reality holding Bitcoin through volatility is not easy. As we all know people loose money because: they sell in panic during crashes, they overthink short term price action, and finally they loose conviction when narratives change.
So now here is the question, is investing in bitcoin harder because of lack of money or lack of emotional discipline?
And if you have been through a full cycle, what was your biggest psychological challenge?

Holding bitcoin take the two to be a successful holder because they are very important in the lives of the holder and it takes a strong and discipline heart to be a successful holder if you don't have the two qualities, then it will be difficult to achieve your goal in bitcoin.

The financial aspect of bitcoin is very important which an investor can't do without because without money there is no investment , your reasoning and understanding of bitcoin gives you a better option to grow and keep on going with your strategy without any interruptions in holding bitcoin for a long-term without tempering it in other to you to achieve your goal of investment in bitcoin.

[uneng]

So now here is the question, is investing in bitcoin harder because of lack of money or lack of emotional discipline?

It depends on the personality of each investor. Usually, for the one who lacks money that is the biggest challenge, while for the one who has a good amount of money available to invest in a frequent basis, it must be discipline the most difficult aspect to cope with.

And if you have been through a full cycle, what was your biggest psychological challenge?

For me the biggest psychological challenge was the fear of selling on the wrong moment. Like, what if I sell now, but BTC skyrockets tomorrow? You never know for sure what to do, as it's an unpredictable market. We just have some notion of what is going to happen, but the timing is never fully accurate. Therefore, it causes stress and anxiety, which are originated by the fear, especially when you are waiting for a long time already (years...) and can't give yourself the luxury of losing money.

[Hanadawa]

For me the biggest psychological challenge was the fear of selling on the wrong moment. Like, what if I sell now, but BTC skyrockets tomorrow? You never know for sure what to do, as it's an unpredictable market. We just have some notion of what is going to happen, but the timing is never fully accurate. Therefore, it causes stress and anxiety, which are originated by the fear, especially when you are waiting for a long time already (years...) and can't give yourself the luxury of losing money.

I think I hold Bitcoin like I hold gold. For most people, holding Bitcoin creates psychological pressure about when to sell. I still remember regretting not selling some of my BTC in 2021. And I regretted it again when I sold my BTC in 2023. Now I've learned to only sell my BTC when I absolutely need it. And I'll make purchases using the DCA method, even if it's only a few dollars. I used to have the ambition to get rich quick with BTC. But I think that principle caused me immense psychological pressure when holding BTC, and it seriously disrupted my life.

[Brizi5000]

holding bitcoin is not really an easy task, most people talk about holding for long term purpose here but in reality its easier said than done especially for those who have a limited or not so stable income flow. and also those who are investing in bitcoin with what they cannot afford to lose.  It is advisable if you are planning to invest in bitcoin and hold for long term aim then you should always invest with a discretionary income after meeting up with your basic financial needs then the remaining money should be used to invest in bitcoin because this money is the money you wont be needing anytime soon. also get your emergency funds together. this way you stand a higher chances of overcoming the pressure or temptation to sell quickly.

[Kasabus]

Its hard to invest and hold bitcoin when you lack of money, but more than that, its harder to hold when you don't have the proper mindset and the right emotions when you intend to hold bitcoin longer like 5-10 years. Lucky are those who are gifted with both, but there's only few investors who can manage both.

Personally, I can hold bitcoin but not like others who are definitely into long term hodling. Probably because my funds are still limited, and there are bigger priorities than holding bitcoin. But this is one of my goals this year, hopefully I can make it happen.

[AmaGold70]

merry Christmas and Happy new year in advance my fellow Bitcointalk's.

Please I will like to hear some opinions from members of this community on this debate, especially from those members who have held Bitcoin for at least two to three cycle. Today myself and three of guys were just having some argument until this particular question  was asked by one of guy, if holding Bitcoin is harder financially or psychologically? And Frankly speaking I and my friend haven't held Bitcoin for one cycle, we are just new to the space. Although many people often say just hold, but in reality holding Bitcoin through volatility is not easy. As we all know people loose money because: they sell in panic during crashes, they overthink short term price action, and finally they loose conviction when narratives change.
So now here is the question, is investing in bitcoin harder because of lack of money or lack of emotional discipline?
And if you have been through a full cycle, what was your biggest psychological challenge?

Many people weren't fully prepared to invest in Bitcoin because they thought it would bring them profit within a short period of time and they would get back from the profits but in reality Bitcoin investment isn't as thought and because they made the mistake of investing in Bitcoin without having other means of survival or income it becomes hard to invest in Bitcoin because of lack of money to survive while for others it is very hard to hold Bitcoin psychologically because of its volatile nature and their lack of emotional discipline always makes them to monitor the market and watching their money fall makes it harder, but for me I'd say that at first it was lack of emotional discipline when I was still a newbie but now I understand that holding Bitcoin is a long rollercoaster hell of a ride and I must put my emotions together if I want to succeed.

[Hyphen(-)]

So now here is the question, is investing in bitcoin harder because of lack of money or lack of emotional discipline?
And if you have been through a full cycle, what was your biggest psychological challenge?

Very hard mate. It is always easy to say that hold your Bitcoin for long, but to keep holding the Bitcoin through out some market conditions is not favorable is hard especially if you are the type that like checking your wallet always to see the amount of profit you have, you will easily be driven by emotion to sell once you noticed that the market is in the bearish direction, meanwhile it will recover as long as it is Bitcoin, I have that confidence about its recovery even if it drops below your expectations.

Holding Bitcoin is very hard for people with limited sources of income because sometimes you will need some money that will tempt you to swap your Bitcoin since you don’t have another option to get the money that is why it is hard, but if you have stable sources of income you will save your seed phrase in a save location and avoiding daily checks on the wallet, and you will be able to hold your Bitcoin for long.

[Hardyrobust]

merry Christmas and Happy new year in advance my fellow Bitcointalk's.

Please I will like to hear some opinions from members of this community on this debate, especially from those members who have held Bitcoin for at least two to three cycle. Today myself and three of guys were just having some argument until this particular question  was asked by one of guy, if holding Bitcoin is harder financially or psychologically? And Frankly speaking I and my friend haven't held Bitcoin for one cycle, we are just new to the space. Although many people often say just hold, but in reality holding Bitcoin through volatility is not easy. As we all know people loose money because: they sell in panic during crashes, they overthink short term price action, and finally they loose conviction when narratives change.
So now here is the question, is investing in bitcoin harder because of lack of money or lack of emotional discipline?
And if you have been through a full cycle, what was your biggest psychological challenge?

I do believe money is the.most important because without it no one can ever think of holding bitcoin or even own bitcoin. Therefore investing in bitcoin is hard when there is no money. However, an investor also needs to have some kind of control in other not being moved by market trends and make decisions based on emotions. While having money is crucial for investing in bitcoin also emotional control is necessary for holding bitcoin for long term.

[BlackHatCoiner]

Actually, I find it harder to hold anything other than bitcoin. I mean, holding cash in the bank is just financial suicide, real estate is just a part-time job that barely beats inflation (and houses are not money btw), stocks are just a clown show that underperform hard money. So yeah, bitcoin for the win.

I do find it sometimes financially anxious (not psychologically). For example, when it loses 30% in one month, yeah, that sucks, but if you need to know one thing before entering bitcoin, is that volatility is the only constant. You're not gonna make it if you don't have the stomach.

[uneng]

For me the biggest psychological challenge was the fear of selling on the wrong moment. Like, what if I sell now, but BTC skyrockets tomorrow? You never know for sure what to do, as it's an unpredictable market. We just have some notion of what is going to happen, but the timing is never fully accurate. Therefore, it causes stress and anxiety, which are originated by the fear, especially when you are waiting for a long time already (years...) and can't give yourself the luxury of losing money.

I think I hold Bitcoin like I hold gold. For most people, holding Bitcoin creates psychological pressure about when to sell. I still remember regretting not selling some of my BTC in 2021. And I regretted it again when I sold my BTC in 2023. Now I've learned to only sell my BTC when I absolutely need it. And I'll make purchases using the DCA method, even if it's only a few dollars. I used to have the ambition to get rich quick with BTC. But I think that principle caused me immense psychological pressure when holding BTC, and it seriously disrupted my life.

Yes, that is what happened to me. I regretted a lot about not having sold during 2021's ATH, because I thought the price would continue increasing from that moment on. Once we entered the bearish market of 2022, I felt like I did a big mistake by not selling, so I promised myself next bull season it would be different, and that was what I made in 2024, once Bitcoin started increasing in price towards a new ATH.

I could also say I regretted for selling before the final ATH, but then I would be demanding too much from myself... I'm satisfied with the progress made so far and that is the most important thing, besides fulfilling what I promised to do in 2022.

In your case, maybe you could adjust your strategy to sell when BTC enters a bullish season too. There must be some decent length of time by there. Enough for you to build your portfolio.

[Cgrexp]

For me, mental discipline is the biggest challenge because a long-term investment is built on faith, patience, consistency and self-control. After going through two cycles, the challenge for me was to suppress the urge to sell when the price is fluctuating and everyone around is selling. If you lack mental discipline, it becomes difficult to continue investing. Most of the time, discipline is lost because of poor financial preparation. Being disciplined is more important than being rich to invest.

[suzanne5223]

For me, mental discipline is the biggest challenge because a long-term investment is built on faith, patience, consistency and self-control. After going through two cycles, the challenge for me was to suppress the urge to sell when the price is fluctuating and everyone around is selling. If you lack mental discipline, it becomes difficult to continue investing. Most of the time, discipline is lost because of poor financial preparation. Being disciplined is more important than being rich to invest.

You have a point, but I strongly believe it is a lack of needed self-discipline, consistency, and psychology that makes holding Bitcoin harder. Besides, in every setting, it may be the lack of these 3 things that will make it difficult for anyone to thrive.

When you said your challenge is not selling due to market fluctuation. This is the psychology you need to work on while you set your goal, and be consistent with your DCA to reach the target.

[coolcoinz]

You can't really generalize this. It's something you compare on a a case to case basis.

For instance, I'm well-off financially, so it has 0 impact on me. Say you have $500k in the bank and another $500k in bitcoin. How can holding bitcoin impact you financially if you're spending less than $50k a year and also getting money from various jobs? Even if your bitcoin were to disappear and you lost your job, you'd be able to sustain your life with 0 cuts for 5 years. You can relax and not worry about anything, even during harsh bear markets.

On the other hand, if you're someone who invested all his money in bitcoin and it's now 20% down, you will be impacted both financially and mentally.

Therefore, I'll say it again. Every single investor has a different approach and a different story to tell about his bitcoin journey.

[batang_bitcoin]

To be fair, it can be both and depending on the case of how you're dealing with your finances and psychological manner. Because someone who's got money can easily say that it's not bothering them financially. And the others who's got a strong mentality will say that the only burden is within their pocket and they can't invest a lot. So, we'd see the situation of each individuals that are facing as they invest in Bitcoin. Even the established investors, they can say both of it for the same reasons. But mostly, it's about they like to hold longer but they have some problems to deal with and have to sell so it's another financial matter.

[Sonia_123]

merry Christmas and Happy new year in advance my fellow Bitcointalk's.

Please I will like to hear some opinions from members of this community on this debate, especially from those members who have held Bitcoin for at least two to three cycle. Today myself and three of guys were just having some argument until this particular question  was asked by one of guy, if holding Bitcoin is harder financially or psychologically? And Frankly speaking I and my friend haven't held Bitcoin for one cycle, we are just new to the space. Although many people often say just hold, but in reality holding Bitcoin through volatility is not easy. As we all know people loose money because: they sell in panic during crashes, they overthink short term price action, and finally they loose conviction when narratives change.
So now here is the question, is investing in bitcoin harder because of lack of money or lack of emotional discipline?
And if you have been through a full cycle, what was your biggest psychological challenge?

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Sport betting is known to be more profitable, is just to meet the right person to put you through.

[Sanitough]

There are always ways to afford investing if you find it hard financially, but when you find it hard psychologically, the success of your investment will be put at a higher risk. Thus, when you have no positive and profitable mindset, holding bitcoin will never led to its success, but its only a waste of time and money if you enter an investment where you are not psychologically and physically ready.

Holding bitcoin maybe easy but for others, its a heck of trouble that could only make them penniless if they are not good and knowledgeable enough.

[Minor Miner]

Each of us has different financial circumstances, investment preferences, and risk tolerance levels. Many investors sell their Bitcoin out of panic and anxiety whenever the market becomes volatile, but many others are forced to sell Bitcoin due to financial difficulties. I think this will depend on the individual, no two people are alike.

But from what I've seen, panic selling is more common than selling due to financial hardship. This makes sense because the crypto market is extremely volatile and it is like a roller coaster. Not everyone can endure such fluctuation