Digital asset is for holding - page 7.

Coyster

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Quote from: dbc23 on December 28, 2021, 10:28:25 AM

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

Mind you that even as a business man or woman, you do not immediately start to make profits after setting up your business, in the normal sense of things, you must have spent funds before being able to start a business, thus when you kick off, the funds you actually earn at that point in time is actually what was spent to set up the business, profits can be said to be on the table when you have covered up your capital spent in setting up your business.

Having said that, whatever one does that pertains to business, investment, etc, it requires patience and time, but I'm afraid, it's not actually every asset that is worth hodling for the long period, like for example, in crypto, altcoins aren't long term investment, if you hold them for too long, there are chances you'll make zero returns as they could dump on you, thus what I'm saying is, even in the 'hodling/patience game', you must make sure it's an asset with a use case, something that's sustainable for the long period, then you can be rest assured you're holding something worth, but if it isn't, then do well to sell the moment you get good ROI.

noorman0

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How far have you explored the crypto space?
There are several crypto business methods that can also earn on a regular basis such as loans, farming, exchanging services, etc. The function of digital assets has expanded to various sectors of human business needs. If you live in a country that is crypto legal, then you will get all business easier.
People are just waiting for their government's positive decision. When that happens, all crypto-based businesses around the world will explode and everyone will have the opportunity to start their own business.

fiulpro

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Quote from: dbc23 on December 28, 2021, 10:28:25 AM

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

If we talk about ancient investments:
For a country like India, investments were straight away taken equivalent to the amount of gold one might possess or the amount of land one has, therefore most of the times the women of the house accumulated their gold jewelry and showcased them in the society, that is what people took for being rich. It slowly became part of their culture as well and even now, most people still are hung up on them.
There Are people as well who took it a step further and started lending money to the people based on their lands, most of the times they would even seize it as well, that's how rich people converted their wealth and doubled it. Now these lands and gold accumulated passed down the family tree and gave a security to the future generation.

Now for us it's an opportunity to grow, cryptocurrencies allows us to invest without any minimum balance which is a way for us to earn a bit !! That's why many people are getting rich through Altcoins and bitcoins as well, quite a new concept tho.

crwth

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I think what hinders us or affects our decisions is that you can trade your assets quickly, and the thought of it being sold continuously is enticing rather than just holding. Sure, there would be people who would be adept at what they are going to do, like trading and some would be better off just holding, which is not that hard. For the holding part, I think having the capacity to have a hardware wallet is crucial if you want to be better and have secure digital assets.

jrrsparkles

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Many people starts investing without realizing what it is actually, some think that they can make quick profits which may happen but not consistently so whatever we are going to investment it will give more returns in long run. For people who are looking for short term they can invest on some specific sectors like new startups and really having the potential to grow but more riskier than the established long term company or assets.

hyudien

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Quote from: dbc23 on December 28, 2021, 10:28:25 AM

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

The different characteristics of each investor make us unable to generalize that they should do this or they should do that. Due to the fact that the cycle of price movement is also influenced by the mentality of different people. Among them are those who are strong enough to hold on and those who can't stand it then immediately relinquish ownership. In terms of financial management, of course, finances must continue to move in line with price movements from time to time. Therefore, we often find speculators who have the principle of being long-term traders and short-term traders.

With the phenomenon of cases like this, we can be in between the two as a counterweight. As you said hold and wait. They are not much different, they follow cycles and the market provides an opening for every decision taken.

dbc23

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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

Topic: Digital asset is for holding - page 7. (Read 732 times)