Topic: Digital asset is for holding (Read 748 times)

I think this boils down to the individual and how they see this crypto space and its investment opportunities. Some person sees it as a get rich quick scheme and so they can hodl for along time. While some that understand the principles of bitcoin investments and then hodling is the way to have the best benefits out of cryptocurrency investments. And some other people due to lack of patients may seek quick profits and then may achieve their goals or not.

When not all the people are seeking same level of high profits, I guess we cannot say that holding is suitable for everyone. Some people will be satisfied with small returns which is possible within a day and that does not mean that digital assets are bad for daily trading.

Digital assets are not only limited to holding but you can also do other things on them like shopping, gambling and so on . we cant blame all that invest and then suddenly sold because they are only humans and humans can get distracted easily. Maybe greed got them, or they are scared that dumps will go bad and whats the difference of physical business to online, where in online you can also hold your own assets in your own wallet. Physical business can only be harder as they require more things and it needs more monitoring than simply holding but nothing is hard as long as we are dedicated and have a passion on what we are doing.

Unfortunately too many people approach it as if digital assets are here for something quicker. We see people holding stocks for decades, literally decades, but crypto has been a bit more known for a decade now, slightly more since it started, and yet people act as if it doesn't go up too much.

On average, it takes about 3 to 5 months for bitcoin to recover from 50% drops, and we just had one, so in 3 to 5 months we "may" go back, it has happened many times before, and for some reason people act as if we would have to wait YEARS before we can be close to 70k again. However, even if we had to, that is 2x, so would it be weird if we had to wait 2 years for 2x return? I mean isn't that still great? Or how about 10x in 10 years? Would that be weird? 350k or so in 2030-32 period? But if it doesn't happen by 2025, people will react like it is too late, that's a bit weird.

Especially with the current market conditions, I think we must really be patient and wait for the market conditions to return to green,
most importantly don't panic and control our emotions

Strong patience is the main role when we are involved in crypto especially bitcoin, being patient is not easy but it is a must to achieve satisfactory profit and no matter how long you have to wait.
and what is happening right now in the market is a natural thing, so this is where our time and patience are tested to keep holding the coins we have as strong as possible.

Yes. Without patience, crypto investment will never be profitable.  There may be short term profits but that is only good for those hyped coins but if you are investing into bitcoin and established altcoins, they make huge profits once hold for long term so a holder itself should always be patient and should never panic easily once the coins experience price drops because that is a  normal scenario even for potential coins to go its price up and down.  But you will only sell them when their prices are on top.

You're totally right if anyone wants to put their money for investment over cryptocurrency.... And that's the best way for investment since it proves as a blessing for every traders because it gives people a high quality of return after some time all the people need to know os that patience is everything in the crypto world

Trading or investing in crypto is only for people who are patient, because crypto never promises instant profit. After all, trading or investing in crypto is
a high-risk activity, so not everyone can understand this. So like you said not everyone can succeed in the crypto world, only deserved people
can succeed in profiting from crypto. Make yourself a person who deserves to receive profit from crypto by learning about crypto, in order to
understand how the crypto world works. In fact, being a successful person is a person who studies diligently, so don't ever think you are smart
and stop learning. Even though I have made a sizeable profit from investing in crypto, I have never stopped learning, because there is always
something new to learn.

Predicting how long you could realistically stay in the crypto investment world is the first thing you could do, secondly how much you could put in there each month. I have done this long time ago and it has changed the way I invest and make money. I have to say, it is not making me super rich of course because I am not rich and I can't put that much money into crypto all the time, but it has allowed me to have a much better % than I ever had before.

Literally just these 2 things, knowing how long I can hold it, and knowing how much I can put in each month. Americans like to fill their 401k, Europeans like to do something else, every nation has their monthly retirement fund type of deal, whereas not many people think of bitcoin that way. Imagine putting just 10% of your salary into crypto each month, you would have been wealthy by now. I am hoping to be one in 10-20 years thanks to this method.

For those who are not having the ability to remain patient, even trading may not be a right option for them because, for trading also they need to be patient; moreover when some people are not having the basic needs of investment world, I guess they need to depend on their regular income stream only.

Yeah such people are not deserved to enjoy all the benefits of investment opportunities. This may sound harsh but in reality the benefits of crypto investments are only for deserved people.

I agree with you. Aside from equipping yourself knowledge and skills necessary for investment, it is also needed to assess yourself how long you are planning to hold and wait for your funds to mature. It is really necessary to ask yourself this thing because it could define how would your investment run the moment you decided to dive into it. Some prefer to hold for the short term only as they have limited resources and have the time to manage and monitor their funds. These people who prefer this kind of short term investment have the skills needed in order for their money to cycle up in most possible ways. Some just like to have and receive their profit easily and then repeat the flow to generate income. This is a good thing especially if you have minimal starting capital. Buy and sell or trading for the short term could get your profit that you could use as an additional capital the next time and so on. Meanwhile, there are also people who want to invest for the long term. These people who prefer to hold for the long term are mostly established in life and have the resources they need in order for them to live and get by without the fund they invested. These people invested mostly are their spares and extra money that they want to grow and make profit in the long run instead of just having it and make it sleep inside the banks or their safety vaults. Both investors have their role in the economy and in the market. It's just really up to us how we want and who we want to be in terms of investing.

If you are in it for the short term, then you should definitely invest in knowledge first because trading is a tough task. Most especially if you will do it everyday. It could be tiring and burdensome because it requires a lot of critical thinking skills as well as technical analysis that could either make or break your trade. If you are in it for the long term, you don't have to worry much and just do your part to patiently hold and wait for the right time to withdraw and until you are already satisfied with your profit. You shouldn't be easily shaken by the sudden dips most especially if you know it to yourself that you invested in a good coin. To all types of investors out there, i hope all is well with you and may this year and the coming years will be prosperous to all of us. Let's always do our own research and invest what we can only afford to lose to avoid regrets later.

Very well said mate investment isn't for everyone if they don't know the word "patience". This is what I initially advise to every people who are asking me about trading or investing in cryptocurrency. Here in crypto platform we have a golden saying that "patience is a virtue" but each and every people has also their own level of patience. I don't also think day trading will going to always work out for those who don't have enough patience because I bet emotion will be their dominant emotion than thinking.

Well, that's why investment isn't for everyone. Not each person has the ability to be patient in holding digital assets, some prefer to do a job that can give them a result instantly. For this type of people, they can focus on trading, especially day trading. While for those people who can control their patience and have a strong belief in their future assets, they can join crypto investment. So, actually, we have some options in crypto business, everyone can join crypto even they have no ability to invest.

Sorry if I'm wrong, want to ask all of you opinion. what tokens are good for me to buy for my assets this year?? what assets are good for now?. thank you

It all depends on a particular individual's understanding of crypto investment because there's no need for any investor to sell all her hold when she can sell the profit and keep her initial investment (in USD) which I believe is a win-win decision if the person doesn't want to miss the next opportunity the market will present.


You should have sell the profit after calculate it in USD or your intial investment and keep the remaining coin for long term.

I think people lose their ability to hold for a long run due to the fact that they felt the greed when they saw that their investment is having a considerable gain.

Based on my self also, when I entered crypto Q4 of 2020 going to 2021 I made a generous gain and felt that I need to cash it out as I felt the greed and the fear that it may fall anytime. That kind of thinking I have before brought me to realization that if you believed in something then you should trust it.

Now, I was able to hold from July 2021 up to this point in time without selling any of my assets and still planning on holding years and years.

People always in a hurry to get returns from their investments. Nobody wants to calm down these days. Most of the people who have asked me about Bitcoin, they’re always fond of asking questions like when they are going to cash out and how long it’s going to take, and they would always say that they don’t want it to take very long for them to make money from it.

And the funniest part is that all of them wants to become a millionaire through Bitcoin, and once they see that they are not going to get that kind of chance within a short time, they decide to quit. They are forgetting that such opportunity can come, but it is all about patience and whether you are ready for it. And another thing is how much you invest determines the level of profit you’d make.

Yeah, anyone who wants to be an investor must be ready to have patience and wait for a long term. if you are investing in something like bonds, you know for sure that you would be waiting for a year before your profit comes. The reason why a lot of people likes to hurry when they’re investing in cryptocurrency is because they have seen that cryptocurrency can increase within a short term, so now all of them wants to make that profit immediately and cash out.

I think that this is not quite true, as the author of the topic claims. Cryptocurrency is not always profitable when held. So, almost all tokens that were created in 2017-2019, even regardless of their prospects for growth and development, after a long bear market, no longer rose in price and for the most part left the market. It is still profitable to keep the cryptocurrency in a high level of capitalization. So, over the past two years, bitcoin has grown in price by 6 times, ethereum by 25 times. But the cryptocurrency market remains very unpredictable. Therefore, what is profitable now may lose its relevance in the future.

because sometimes speech does not match the direct application.
in theory it would be very easy to say that investments will be easy because only buy when they are cheap, hold them for a certain period of time after the price rises to sell at a high enough price, then after that finish and make a profit. but the fact is not like that, at least it takes time, needs a clear mind to analyze and make calculations so as not to lose and many others.
and actually beginners should pay attention to things like this because indeed they sometimes forget this but it is important because they are tempted by the fun and the lure of getting rich easily