For example when they dump there is always dead cat bounces that could be profitable or simply shorting that shitcoin can give a lot of profit.
It is at this casino that newcomers lose money the most. Often all in one day.
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There is no guarantee that the price will continue on increasing forever. If a newbie bought in at ATH, then after 3 years they'd only triple their money assuming they'd sell at ATH. Nobody can tell what results will HODLing bring to someone who bought in right now, at a bit more than half of ATH. Truth of the matter is that the once insane gains that could be had are likely over, and that is precisely why so many newbies are buying into all sorts of altcoin scams – the potential gains being higher, risk be damned.
If there is no guarantee that he will profit from the holding, then there are even less guarantees from trading and other investments in shitcoins or tokens. It is clear that not all holders will make a profit at a distance. But the chance of making a profit from a holding of bitcoin bought on highs is much higher than the chance of making a profit on investments in all sorts of shitcoins, tokens or playing on the exchange.
If there is no guarantee that he will profit from the holding, then there are even less guarantees from trading and other investments in shitcoins or tokens. It is clear that not all holders will make a profit at a distance. But the chance of making a profit from a holding of bitcoin bought on highs is much higher than the chance of making a profit on investments in all sorts of shitcoins, tokens or playing on the exchange.
Trading and investing (hodl) are two different matters though. When you make an investment you need the price to go up in long term which is why bitcoin is the only viable option with the least amount of risk and altcoins are the exact opposite meaning they are worst to be held and have the highest risk.But when you trade you don't need the price to necessarily go up. There is a lot of profit to be made from a dumping shitcoin. For example when they dump there is always dead cat bounces that could be profitable or simply shorting that shitcoin can give a lot of profit.
There is no guarantee that the price will continue on increasing forever. If a newbie bought in at ATH, then after 3 years they'd only triple their money assuming they'd sell at ATH. Nobody can tell what results will HODLing bring to someone who bought in right now, at a bit more than half of ATH. Truth of the matter is that the once insane gains that could be had are likely over, and that is precisely why so many newbies are buying into all sorts of altcoin scams – the potential gains being higher, risk be damned.
All investments will be profitable if you know how to manage them.
This is not true. I don't think all investments are capable of generating profits even when managed properly, cause with some of this 'lottery' coins, you'd have to be really lucky to have bought them early enough and sell when it pumps, it's not really about good management, but just luck. And then again, on the grounds of long term sustainability; it's just Bitcoin and prolly Ethereum you can really trust. Thus I'd not advice users to invest in a coin cause it's in the top ten CMC list of coins, it's an erroneous method of research. 
Simple enough for beginners to understand. I have to agree that for the short term then buying then selling after making a profit is the best way. But in the long run buy and hold is a profitable strategy and will be good enough to apply for those who are not used to speculating. But a buy and hold strategy will never be suitable for most of the altcoins currently traded in the market. Only bitcoin are recommended initially for beginners to this strategy although it can sometime be disappointing when the desired profit is not met when needed.
Some beginners just know that Bitcoin is the safest for long-term investments. However, other altcoins that are in the top 10 of CMC can also be considered. Should do some research first, as a beginner should also know what they choose to invest. Because their choices will determine their profits. Apart from Bitcoin altcoins like ETH, BNB, DOT have good potential as well.All investments will be profitable if you know how to manage them.
That's what I am still using now even though I have been on this scene for a really long time and I gotta say that it's pretty effective especially if you have a lot of bitcoin and you sold it at a really big price which results in big profits.
This is easier said than done especially if you're holding lots of bitcoin in your wallet.
If you're someone who holds more than like 1 BTC inside your wallet, the slightest increase/decrease on the value of your bitcoin will control your decision whether to cash them or not. Imagine, even the slightest decrease on its value, you're talking about losing thousands of dollars in your wallet. That is why, if you were to decide to HODL your bitcoins, you must have a definite plan on when to exit or cash out your investments before it losses its value even more.
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There are a lot of people telling that they should've hodl their coins rather than use them for trading.
These days, it's like most crypto beginners' target in cryptocurrency is to trade, because they think doing cryptocurrency trading will make easy money, which they probably saw on random social media that telling crypto trading is to make easy money.
These days, it's like most crypto beginners' target in cryptocurrency is to trade, because they think doing cryptocurrency trading will make easy money, which they probably saw on random social media that telling crypto trading is to make easy money.
Trading is good but always you should have guaranteed that you will win the trade. (I know it's not possible to win all trade). Atleast the winning ratio should be bigger that lose, otherwise holding is better always than trading. Personally I continuing trade for some month I feel I should hold because If I hold the coin then the portfolio would be 2x or more bigger than the trading fund. This happen always to me .LOL
But yeah hold is only for the BITCOIN sometime also for ETH.
But not just buy and then HOLD. Buying must also be at the right price. Do not you buy a coin at a price that is too high, so the recovery price will be very long. Do not be influenced by FOMO, because FOMO is a trap that makes many people buy too high. Buy and HOLD is a good strategy for the long term. But for the short term Buy and sell when it's profitable is the best way. The initial strategy will determine what you should do.
Simple enough for beginners to understand. I have to agree that for the short term then buying then selling after making a profit is the best way. But in the long run buy and hold is a profitable strategy and will be good enough to apply for those who are not used to speculating. But a buy and hold strategy will never be suitable for most of the altcoins currently traded in the market. Only bitcoin are recommended initially for beginners to this strategy although it can sometime be disappointing when the desired profit is not met when needed. legendary
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While we intend passing on the message to buy and hodl, lets be careful what project we buy and hold as not all project are worth holding. Examples of project that did great over time will always be used as an example now that the point we're trying to make is holding is the best strategy although it isn't the safest especially especially when your focus and f investment is on altcoins.
Infact there's no safe way of investing as even bitcoin can be disappointing at time especially when its down times falls within your timeframe of expecting profits from your investment. We have coins that were hyped in the last circle of the bullrun but aren't doing so great now or are dead. One thing we have to understand is the the altcoins market is a very competitive one. You favorite coin could be the best today in the field she's trying to solve but in no time it'll be inferior as a far superior project could be developed.
You choice what best suit your investment pattern, we have different ways of investing and people profit from all the method. It just depends on you find thats works for you and on time. Don't go trading if it isn't your thing or don't go investing if you don't have patience needed to be successful.
Infact there's no safe way of investing as even bitcoin can be disappointing at time especially when its down times falls within your timeframe of expecting profits from your investment. We have coins that were hyped in the last circle of the bullrun but aren't doing so great now or are dead. One thing we have to understand is the the altcoins market is a very competitive one. You favorite coin could be the best today in the field she's trying to solve but in no time it'll be inferior as a far superior project could be developed.
You choice what best suit your investment pattern, we have different ways of investing and people profit from all the method. It just depends on you find thats works for you and on time. Don't go trading if it isn't your thing or don't go investing if you don't have patience needed to be successful.
- purchase of dubious nft-tokens
- participation in all sorts of pre-sales
- buying dubious shitcoins or defi-tokens that appeared only yesterday
- farming of tokens in liquidity pools
- trading on know-name exchanges
- margin trading (leverage minimum x20)
- staking
- launching nodes, etc.
These are my experiences in the past six months
1-Buy btc in binance
2-buy altcoin in binance
3-Study the principle of blockchain
4-buy altcoin in shitCEX
5-buy shitcoin in uniswap or pancakeswap DEX
6-add liquid in shit project
7-research white papers on different projects
8-search new project and join in some ico or presale
9-buy and sale nft
But not just buy and then HOLD. Buying must also be at the right price. Do not you buy a coin at a price that is too high, so the recovery price will be very long. Do not be influenced by FOMO, because FOMO is a trap that makes many people buy too high. Buy and HOLD is a good strategy for the long term. But for the short term Buy and sell when it's profitable is the best way. The initial strategy will determine what you should do.
This is a very good point to hold to, buying at the wrong time is when the price of bitcoin has increased significantly, like when it was at $60000, but now it is at $38000, some people are losing already. It is very sure that bitcoin price will still increase more than $60000 and reach all-time-high but it can be very long before this is achieved, bitcoin will still one day increase over $100000. But you are right because what could have been double or more gain may result to just little gain. Like now, I am waiting for bitcoin price to reach like $15000 or around $20000 before I will buy. If $60000 is the all-time-high for now, I believe the price can decrease to such amount back. 
But not just buy and then HOLD. Buying must also be at the right price. Do not you buy a coin at a price that is too high, so the recovery price will be very long. Do not be influenced by FOMO, because FOMO is a trap that makes many people buy too high. Buy and HOLD is a good strategy for the long term. But for the short term Buy and sell when it's profitable is the best way. The initial strategy will determine what you should do.
Sometimes many beginners are only affected by FOMO buying higher and this is not right if in the current state it can be said it will take a long time to recover, by buying and holding how strong beginners will do that unless not expecting in the near future whereas if you look at the market continue then this will be more difficult what he imagined.Maybe there is a special strategy that must be learned and what the OP said above may be read more carefully, buying and holding can be in beginners to start with.
But sometimes it is FOMO that becomes a lot of traps for them.
But not just buy and then HOLD. Buying must also be at the right price. Do not you buy a coin at a price that is too high, so the recovery price will be very long. Do not be influenced by FOMO, because FOMO is a trap that makes many people buy too high. Buy and HOLD is a good strategy for the long term. But for the short term Buy and sell when it's profitable is the best way. The initial strategy will determine what you should do.
The first mistake I made as a newbie in cryptocurrency was that I disregarded the principle of BUY & HODL. Then I'd jump into buying dubious shitcoins without proper research and also because of FOMO. Ofcourse, I wanted to cash out quickly.
The result of my utter disregard for this principle was that I lost lots of money and my peace of mind.
Now that I know better, I've started all over again from the basics of investing. The BUY &HODL principle is like a girdle I carry around now. I'm gonna HODL for as long as possible. I don't jump into any projects I don't understand. In addition, I'm spending lots of time studying about cryptocurrencies and the technology behind them.
The result of my utter disregard for this principle was that I lost lots of money and my peace of mind.
Now that I know better, I've started all over again from the basics of investing. The BUY &HODL principle is like a girdle I carry around now. I'm gonna HODL for as long as possible. I don't jump into any projects I don't understand. In addition, I'm spending lots of time studying about cryptocurrencies and the technology behind them.
Many new crypto beginners do not know what they need to do after they got bitcoin and they only hear or read from other people that the price will go down or up.
But if they can stay calm and not think much about the price, they can hold it for the long term.
@OP gives a good example for the beginners to buy and hold, and the beginners can hold it for at least 2-3 years later.
But do not hold it in exchange for that long-term, but you need to hold it on a private wallet so you do not have to worry about your bitcoin.
But if they can stay calm and not think much about the price, they can hold it for the long term.
@OP gives a good example for the beginners to buy and hold, and the beginners can hold it for at least 2-3 years later.
But do not hold it in exchange for that long-term, but you need to hold it on a private wallet so you do not have to worry about your bitcoin.
Surest strategy for newbies, especially in this forum, is to learn and build their account. There are vast opportunities, besides signature campaign, to earn cryptocurrency in the ecosystem. Holding is profitable in the long run, but you still have to (1) buy, and (2) wait. If you buy at ATH, you will have to wait for long until new ATH and finally rake a significant profit. It took about 3 years since the 2017 just to have a 3x return.
Buy and hold is good until the price corrects and you lose 50% of your holdings. It's ok to sell sometimes. Best is to build income streams, not trying to get rich off holding.
This thread is for total beginners. In order to know when to sell, you need to have quite a lot of knowledge about the history of cryptocurrency market and the current situation. Be able to find real and valuable information, and do not trust fake news. I also believe that buying and holding is the safest way to invest for beginners. Those who did so a few years ago can confirm it for sure.
Run nodes which reward you for validate transaction is less risky than other points you mentioned, unless the cryptocurrency isn't popular or clone from more-popular cryptocurrency.
Generally speaking when you have a "hot wallet" that contains your private keys and your coins and it is exposed to the internet 24/7 as you validate transactions to get paid for it, you are at a very high risk regardless of the cryptocurrency and whether it is a clone coin or not. Not to mention the risks involved when such coins with terrible supply distribution design get dumped hard. Jump to: