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Topic: Digital asset is for holding - page 3. (Read 748 times)

legendary
Activity: 2464
Merit: 1102
January 08, 2022, 03:23:31 PM
#87
Before thinking of investing in any sector what one considers is how long you are willing to hold. Let's take the history down to how investment all began. Moving from the era of Real estate to stocks to metals to oil blocks and now digital assets we would agree those who made it big in all this investment options were those who had the patience to hold.
These assets dont need to be held for more than 5-8years. Of course you can do that too and you will appreciate the rise in value but you could possibly make more by selling it at a certain time and buying more such assets. Stocks might be the only exception to this, they give dividends and you will probably not sell but only buy more.
Why though? I am not saying that you "have to" hold it for 5-8 years, but holding it for that long is also not a bad idea neither. I personally have been holding for nearly 2 years now and I am going to hold for another 8 years for sure. This doesn't mean that I do not want to have anything else, I will add in more and more investments and maybe some of them will be quicker and some of them could be long term.

This shows that if you want to get in, and make some profit and get out then that is fine however, at the same time you could get in and wait for 10 years and get out as well. Both of them are quite valid ways of approaching investment if you ask me.
sr. member
Activity: 2366
Merit: 305
Duelbits - $100k Bonus/week
January 08, 2022, 01:07:06 PM
#86
Before thinking of investing in any sector what one considers is how long you are willing to hold. Let's take the history down to how investment all began. Moving from the era of Real estate to stocks to metals to oil blocks and now digital assets we would agree those who made it big in all this investment options were those who had the patience to hold.

This kept me wondering why one would even think of investing if they don't have the patient to hold. If you can't develop the hold attitude then the best option is to do a physical business where you can monitor your profit and see them come in regularly. If it must be crypto then you must be willing to hold and wait

I am sure all those who were so strong in holding, they would have had the challenge in the very beginning in holding. Likewise, those who slowly learn or come to know by experience that by holding for long term would yield big, will hold. Many here, would have learnt and decided to hold after loosing a huge amount. I too learnt it. Yes here in crypto, holding will certainly be much advised.
full member
Activity: 463
Merit: 102
January 08, 2022, 11:44:05 AM
#85
The real challenge of hodling is not to know when to sell and this cause investors to sell too early. Hodling on the long run is profitable but it requires a lot of patience and believe to see it through . Really it is painful to wait for a level for selling while the price keeps dropping like it is happening currently 
hero member
Activity: 1414
Merit: 574
January 08, 2022, 10:44:00 AM
#84

Real estate's location may become bad - how will you sell it for profit then? Bitcoin will not have this problem, but rather it's own problems of non-regulation, risks of being outlawed etc.

Actually the most troublesome business is physical business such as building a business rather than investing in stocks, BTC, and others. Because it will be faced with risks such as human resources, and other operations. So, it is simpler to study non-physical investments, we only need to strengthen our analytical skills to maintain our portfolio. Managing a portfolio only requires the ability to project more strategically than managing a business, you have to think technically and strategically.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
January 08, 2022, 01:50:03 AM
#83
Before thinking of investing in any sector what one considers is how long you are willing to hold. Let's take the history down to how investment all began. Moving from the era of Real estate to stocks to metals to oil blocks and now digital assets we would agree those who made it big in all this investment options were those who had the patience to hold.
These assets dont need to be held for more than 5-8years. Of course you can do that too and you will appreciate the rise in value but you could possibly make more by selling it at a certain time and buying more such assets. Stocks might be the only exception to this, they give dividends and you will probably not sell but only buy more.

Quote
This kept me wondering why one would even think of investing if they don't have the patient to hold. If you can't develop the hold attitude then the best option is to do a physical business where you can monitor your profit and see them come in regularly. If it must be crypto then you must be willing to hold and wait
Nah, its a wrong narrative. Bitcoin is a deflationary currency. It brought with it a bigger idea of hodling. Compared to what you compared with above, like Real Estate, Oil, Gold, these can deprecate in value. A lot of risks are associated with them which can be avoided compared to investment in Bitcoin.

Real estate's location may become bad - how will you sell it for profit then? Bitcoin will not have this problem, but rather it's own problems of non-regulation, risks of being outlawed etc.
member
Activity: 1078
Merit: 15
January 07, 2022, 05:16:44 PM
#82
advice for everyone here.. if i want to invest in crypto, what should i buy and how long i have to hold all those assets in order for me to make a profit? thank you
I think before leading to investment, you must first learn it starting from the basics.
I don't know which way you're thinking but asking what you should buy I think you're being too rash.
at least this is what irresponsible people use to trick people who will invest. Do you ask and tell someone something about the coin that you should invest in will you believe it 100 percent? of course you have to check the truth that is there.
start from the basics in learning even if you don't really understand it that's okay because it's a process, this is certainly better than being tricked
legendary
Activity: 2534
Merit: 1338
January 07, 2022, 05:03:17 PM
#81
advice for everyone here.. if i want to invest in crypto, what should i buy and how long i have to hold all those assets in order for me to make a profit? thank you
If you have to ask then you are not ready to invest in any market whatsoever, now this may seem to be too harsh but it is the truth, investing is not just about buying an asset and hope to get profits, you need a strategy that fits your needs, so before you invest in anything at all you need to wonder, what you want to achieve in the markets? How much risks are you willing to take? How long do you plant to hold your position in the market? And that is just the tip of the iceberg, this is why until you know all of this then recommending any asset or strategy is useless.
member
Activity: 200
Merit: 11
January 06, 2022, 08:59:17 AM
#80
advice for everyone here.. if i want to invest in crypto, what should i buy and how long i have to hold all those assets in order for me to make a profit? thank you
hero member
Activity: 2170
Merit: 530
January 06, 2022, 08:52:33 AM
#79
We can't just compare the brokers from 80s and the brokers now, because in 1980s many people are still aren't knowledgeable enough about the real world and only the Wall Street guys are the one's who are manipulating the market and stocks to their own benefit that time compared now that the world has been changed a lot and lots of people are already brokers even just sitting in the house working on the phone or computers knew about it more.
Digital assets or currencies isn't just for holding alone and it wasn't created for that reason alone, and as @TheNineClub said, there's no right or wrong, it's just a matter of personal preferences on which field you're suitable to make profits just like trading or broker guys.

Broker today has a wide of scope of financial aspect that they need to learn compare to the scope of financial knowledge that the 80's broker need to learn so yeah we can't just compare them that easily because both person from different time has a different scope of knowledge they have. I believe digital assets ara not just for holding but since we don't have yet a proper way to use of spend our digital asset like purchase goods and services directly from merchant that's why holding and investment today is the best choice to use our digital assets.
sr. member
Activity: 1344
Merit: 253
January 06, 2022, 08:48:54 AM
#78
When you start holding then i Think you need to decide how much time you hold and need more patience.You can hold your valuable asset for long time.I think you will be get good profit from it to right time sell it.Holding isn’t easy for greedy People and impatient investor.Now BTC,ETH,BNB price little dip you can buy more thoose type of coin and hold long time.I hope you will be get more profit in future. I'm pretty sure thoose coins price will be more increase in 2022.
In investing if targeted with time, maybe we will be trapped in the less than maximum profit that can be obtained. I think it would be wise for us to have a profit target, so that if our profit is on target, we can sell some of it while waiting for the next target. because basically time is difficult to predict to know when the bullish season will occur, therefore we must be able to make the best of it
hero member
Activity: 2926
Merit: 657
No dream is too big and no dreamer is too small
January 06, 2022, 08:37:20 AM
#77
I mean, an argument can be made for both sides, but at the end of the day, it all boils down to what goals a certain investor has. There is a lot to be made with short-time trading (not a long hodl), I mean, the brokers in the 80's made enormous sums just by doing that. SO there is no right or wrong here, just personal preferences and your overall investment goals.

We can't just compare the brokers from 80s and the brokers now, because in 1980s many people are still aren't knowledgeable enough about the real world and only the Wall Street guys are the one's who are manipulating the market and stocks to their own benefit that time compared now that the world has been changed a lot and lots of people are already brokers even just sitting in the house working on the phone or computers knew about it more.
Digital assets or currencies isn't just for holding alone and it wasn't created for that reason alone, and as @TheNineClub said, there's no right or wrong, it's just a matter of personal preferences on which field you're suitable to make profits just like trading or broker guys.
sr. member
Activity: 1610
Merit: 264
January 04, 2022, 12:43:32 PM
#76
The problem I see with a lot of people in crypto is that they buy a lot of bitcoin with the intention of holding it for years, but they've overinvested, i.e., bought it with money they ended up needing for expenses before the end of their investment time frame came around.  They may have made a profit when they sold, or they might not have.  My point is that if you're considering buying something as a long-term investment, make sure you're buying it with money that you're not going to need to pay rent or buy groceries with in a couple of months.
This.
I will never understand those people actually. More like they could have been influenced by celebrities from Twitter or Youtube, ya know what I'm talking about, that made them throw a whole a lot of their savings to crypto and overcommitted to getting the returns from it. There is nothing wrong with holding for years and years, but one should just make sure that whatever money was in that basket aren't going to badly used in the upcoming years. It won't hurt to start slowly increasing your holdings.
It's just those people that are too rushed into crypto.
legendary
Activity: 2534
Merit: 1338
January 04, 2022, 12:39:08 PM
#75
Everything requires patience, especially in the long run because there will be many temptations along the way such as panic, emotional and so on and you have to be really strong through them to get a good profit.
Knowledge and learning to analyze is very important before trading especially for the short term because you have to do it full time to make money and use the extra money so that when it doesn't go as expected you don't regret it too much.

Short trading isn't as easy as you think. I don't advice it for the newbies who wants to have a quick profit, because short term trading needs a good experience. Trading capital must also be separate from the funds you need for daily essentials.
Holding is always gonna be the safest choice.
Set a target, invest what you can afford to lose, never depend on your investment as a back up fund for emergency, and never sell it to a much lower price when the market declines never panic.
Holding sounds easy as well, but It's always gonna be concerning when you're on actual holding.
People get blinded by the profits they can get with short term trading and as such they decide that is the path they want to take, it seems they do not understand that compared to long term trading or holding it is many time harder and that the chances of success are lower, but since all what they care about are the potential profits then they decide to try it anyway and then when they fail they come to the forum to complain about it when anyone could have predicted the results they got.
Well, short term trading brings a higher risk but if you think you are capable to make profits consistently, then why not? I think as long as we're getting our main goal to make profits, then its always good. However, if you think of higher profits, then long term holding could possibly give you that. Although it may be a long waiting game, but if you are just patient and calm, the rewards will always be worth waiting for. But for you to be more stable, its better if you can land a permanent day job so you won't be worrying if crypto is not making profits sometimes.
But that is the thing, thinking that you are able to do something is completely different from actually being able to do it, people overestimate their abilities and there are many psychological experiments that have confirmed this, as such people believe they are better than what they actually are and in most circumstances that belief will not bring any damage to them, but when it comes to the markets that belief is incredibly dangerous to the point it can ruin people if they are not careful.
full member
Activity: 1358
Merit: 104
January 04, 2022, 08:51:02 AM
#74
When you start holding then i Think you need to decide how much time you hold and need more patience.You can hold your valuable asset for long time.I think you will be get good profit from it to right time sell it.Holding isn’t easy for greedy People and impatient investor.Now BTC,ETH,BNB price little dip you can buy more thoose type of coin and hold long time.I hope you will be get more profit in future. I'm pretty sure thoose coins price will be more increase in 2022.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
January 03, 2022, 04:46:18 PM
#73
Pretty sure a lot of us here know that. But once your asset reached a certain value, I'm pretty sure you will sell it immediately and look for another investment. That's what happens most of the time, and pretty sure it still applies on today's scenario. You will have a lot of profits when you sell at the right time and buy again at a much lower pace rather than wait for it to grow incredible heights and waste time by doing so.
sr. member
Activity: 1666
Merit: 268
January 03, 2022, 03:44:14 PM
#72
Before thinking of investing in any sector what one considers is how long you are willing to hold. Let's take the history down to how investment all began. Moving from the era of Real estate to stocks to metals to oil blocks and now digital assets we would agree those who made it big in all this investment options were those who had the patience to hold.

This kept me wondering why one would even think of investing if they don't have the patient to hold. If you can't develop the hold attitude then the best option is to do a physical business where you can monitor your profit and see them come in regularly. If it must be crypto then you must be willing to hold and wait
Yes, you should hold your asset, but when they say hold, it doesn’t mean that you should be holding your asset forever. At some point you would still have to make a sale and have your profit. You are not just going to invest your money in an asset and abandon it there forever in the name of holding for a long term. Your main purpose for starting that investment is because you want to make profit right? so I don’t really think it’s bad that at some point you take that profit.

And moreover an investor should have a target, whenever you reach that target you can feel free to withdraw your money from that investment and also use it for something else. The reason why you are being told to hold your investment for a long term is in case that the market continues to go up, which is the case with Bitcoin that continues to grow in price. But don’t be greedy.

For some coins, the longer we hold, the bigger the profit we make. But not all coins are good for holding in the long term, we must be able
to separate which coins are good for long-term investments and which are for short-term investments. But indeed we must have a selling target,
as you said, our goal of holding assets is to generate profit. So if our target has been achieved, it's time we sell it, and we will buy it again when
the price drops. Because if we don't have a target, we will miss the opportunity to make a profit.
legendary
Activity: 2044
Merit: 1075
Leading Crypto Sports Betting & Casino Platform
January 03, 2022, 02:48:02 PM
#71
Before thinking of investing in any sector what one considers is how long you are willing to hold. Let's take the history down to how investment all began. Moving from the era of Real estate to stocks to metals to oil blocks and now digital assets we would agree those who made it big in all this investment options were those who had the patience to hold.

This kept me wondering why one would even think of investing if they don't have the patient to hold. If you can't develop the hold attitude then the best option is to do a physical business where you can monitor your profit and see them come in regularly. If it must be crypto then you must be willing to hold and wait
Yes, you should hold your asset, but when they say hold, it doesn’t mean that you should be holding your asset forever. At some point you would still have to make a sale and have your profit. You are not just going to invest your money in an asset and abandon it there forever in the name of holding for a long term. Your main purpose for starting that investment is because you want to make profit right? so I don’t really think it’s bad that at some point you take that profit.

And moreover an investor should have a target, whenever you reach that target you can feel free to withdraw your money from that investment and also use it for something else. The reason why you are being told to hold your investment for a long term is in case that the market continues to go up, which is the case with Bitcoin that continues to grow in price. But don’t be greedy.
full member
Activity: 1946
Merit: 112
January 03, 2022, 10:41:32 AM
#70
Before thinking of investing in any sector what one considers is how long you are willing to hold. Let's take the history down to how investment all began. Moving from the era of Real estate to stocks to metals to oil blocks and now digital assets we would agree those who made it big in all this investment options were those who had the patience to hold.

This kept me wondering why one would even think of investing if they don't have the patient to hold. If you can't develop the hold attitude then the best option is to do a physical business where you can monitor your profit and see them come in regularly. If it must be crypto then you must be willing to hold and wait

I believe you are right. Crypto assets, as time has shown, rewarded those who knew how to wait. However, it is very difficult to be patient and wait for a profit, as many would like to have a profit right now. To get the maximum profit, you really need to just be the holder of this or that cryptocurrency and just wait. This option is ideal for those who have different sources of income, and cryptocurrencies can become for them just an asset that will wait for its time and will definitely give excellent profits in the end. But it is also very important not to overexpose the crypto asset, since it, like other assets, always has a limit and it is important to see this limit and fix the profit in time.
full member
Activity: 1358
Merit: 104
January 03, 2022, 08:32:47 AM
#69
Many People invest with long-term profit and some people invest their money with short-term profit in project. I think It's depends on you and your Think and what you want and how much you invest.Most of billionaires they invest a huge amount for long term holding but i see a small investor they invest with short term project profit in mind.I'm suggested on you, you can buy ETH, BTC and BNB and hold long time, i Think you can get good profit from it in future.
sr. member
Activity: 1778
Merit: 309
January 03, 2022, 04:43:10 AM
#68
Before thinking of investing in any sector what one considers is how long you are willing to hold. Let's take the history down to how investment all began. Moving from the era of Real estate to stocks to metals to oil blocks and now digital assets we would agree those who made it big in all this investment options were those who had the patience to hold.

This kept me wondering why one would even think of investing if they don't have the patient to hold. If you can't develop the hold attitude then the best option is to do a physical business where you can monitor your profit and see them come in regularly. If it must be crypto then you must be willing to hold and wait
It really depends on which sector you're investing because not all investments are for holding for a long time like buying a stocks in any give industry or company, and all of the investments you make surely really needs some time and planning before considering to invest. But if it's digital assets like bitcoin then it really needs patience to while hodling it for like 2-3 years and checking the market price on daily basis will be really irrelevant because as said your going to hold these assets for years.
Also, before investing, you're first needed to have a main source of income like one or two businesses that pays every month or weekly to be able to afford and buy the daily needs of your family.
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