WHAT IT MEANS TO BE A HOLDER:
A HOLDER is a person who BUYS ASSETS (ESPECIALLY CRYPTOCURRENCIES) with the INTENTION of HOLDING them LONG-TERM, WITHOUT WORRYING ABOUT short-term MARKET FLUCTUATIONS.
The GOAL is usually to benefit from the GROWTH in VALUE over the years.
CHARACTERISTICS OF A SUCCESSFUL HOLDER:
1-. Long-term vision:
PATIENCE to maintain the investment during market cycles.
2. RESEARCH and CONVICTION:
Understand the project, its use case, team, and fundamentals to maintain confidence.
RISK MANAGEMENT:
Do not invest more than one is willing to lose; proper diversification.
EMOTIONAL DISCIPLINE:
Avoid panic selling during drops or buying due to FOMO.
PORTFOLIO MANAGEMENT: proportional allocation and periodic reviews to adjust criteria without impulsive selling.
SECURITY:
Use of wallets and proper security practices; storage of private keys and backups.
COSTS and EFFICIENCY:
Consider buying/selling fees and avoid unnecessary movements.
CONTINUOUS UPDATES: Follow news and changes in the project to detect risks or improvements.
EXIT PLAN (OPTIONAL): Have criteria for at what price or conditions one could reduce exposure.
REGULATORY ENVIRONMENT and COMPLIANCE:
Adjust to legal and tax aspects in your jurisdiction.