Do long term holding profitable in all cases? - page 4.

Quidat

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Quote from: Bagaji on November 07, 2019, 08:14:42 AM

Should I continue holding my ethereum? Am a believer of long time holding but am currently beginning to lose faith due to fact that I have been experiencing constant decline in my major coins that I have been holding since late 2017. The coin in question is ethereum which I have been holding since when its value was around $1,300 and now its value is now less than $200 per one.
Should I continue holding my ethereum?

Depends on how long you would able to take or sustain yourself into this very unpredictable market.This is actually the
hardest part of a long term holder where you would able to witness the price pumps and declines which you cant really
avoid not to have that regretting part when you do saw ATH prices and you missed on selling that time yet you believe that
it might even shoot up its price even more.Your choice though if you do still had the courage to hold or just simply sell off on
this cheap prices which is actually a not worthy thing to be done.

Doell

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of course you have to hodl longer in the long terms but when you see a price that will benefit you better you sell ,don't be too eager to take a lot of profit when prices fall like now there is no chance to sell again experience must be kept in mind long as you invest

Innocant

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Quote from: Bagaji on November 07, 2019, 08:14:42 AM

Should I continue holding my ethereum? Am a believer of long time holding but am currently beginning to lose faith due to fact that I have been experiencing constant decline in my major coins that I have been holding since late 2017. The coin in question is ethereum which I have been holding since when its value was around $1,300 and now its value is now less than $200 per one.
Should I continue holding my ethereum?

Well it depends on you if you still continue to hold but if you have some important things that you need maybe it is the time for you to use it, But I heard these news about etherium that have releasing a new update 2.0 I think. And said that have a huge price of etherium will to make and surpass the price of etherium in a past year 2017. Maybe it will happen so that your etherium you hold for a long time to increase price, So for now think about first before you make some decision.

Bagaji

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Quote from: Coyster on November 07, 2019, 08:36:38 AM

You said you've been holding your eth since it was 1,300 or so, within that time and now there have been times when it surpassed that amount and if you had sold then, would have given you profits, no matter how small. The goal of investment is indeed profit as you know, but selling it right now, you're surely incurring nothing but losses.

If you're a believer in long term investment, as you said, then you should continue holding your eth, at least till it reaches the price you had initially bought it for, and if so kindly surpass it, just do not sell when you'll be on the losing end, it's bad business(investment), except of course you can't do without the ROI right now.

I appreciate your respon but to answer to one of your question in your first paragraph I will say the market value of ethereum has never increase more than $1,300 since the time I have been holding my ethereum. I don't want to sell at lose and that is the reason why am still holding just that am currently losing faith.

LouVandetta

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Ugh, I hate this kind of question.
Whatever our answers are, it doesn't make anything right. You've been holding it since 2017. if you sell now, you'll lose quite a lot of your investment.
If you continue your long term holding, we don't even know what the future holds. What if you continuing your holding, then you might lose more than you are now?
And there's also possibilities that the price will sky rocket than ever. I wish you luck. It's all your call.

LeGaulois

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I disagree with a lot of people. No, not all cryptocurrencies are or will be profitable in the long term holding plan.
The Darwin theory. There are a lot of craps out there and most of them will die in the time and they will be forgotten forever.

I would say that you have no choice to keep your ETH if you don't want to lose money. If you sell right now it's a 600% negative ROI. Can you afford that?

Despite you seem to be less excited with altcoins, if you're a real believer about the project itself you should be convinced that it will hit a high price in the future. And if you are trying to convince yourself it's because you're not a real believer after all.

Perhaps focusing on fewer altcoins will give you a better experience.

Wexnident

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I don't take loans, ask for sig if I ever do.

Yes and No. Profit-making has a lot of factors involved in it and it isn't just a matter of holding it for a long time that makes it valuable. You may have to hold it for a long time but if it's a trash coin, then you wouldn't profit still by the end right? But no one really knows if one is a trash coin or not in the first place, until it booms or until it drops. It entirely depends on the foresight of one and the ability to respond to cases where it may suddenly drop, so you let go to limit your losses.

As for ETH, well it is a good altcoin, but in the end, its development is still limited because of a huge enemy, the Bitcoin. It steadily grows, but ever so slowly because all attention right now is in BTC. if BTC somehow gets f*cked up, like one way or another, a probability is that ETH would take its place, and a boom could happen then. Well, it's just a scenario though and I doubt it could happen but you never know.

Long story short, Yes it could, as long as your foresight is pretty good, profit should come, and No, if it's bad or the market just rekt your life.

semobo

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Long term holding will be benefitable or more profitable only if you have the patience to hold it long enough likely from bearish trend to the next bullish season which may happen in months or years even it takes couple,so you just have to hold for little longer because the next bullish season is expected to begin in late 2020 or in early 2021,so you still got the time to enjoy the drama.

Coyster

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You said you've been holding your eth since it was 1,300 or so, within that time and now there have been times when it surpassed that amount and if you had sold then, would have given you profits, no matter how small. The goal of investment is indeed profit as you know, but selling it right now, you're surely incurring nothing but losses.

If you're a believer in long term investment, as you said, then you should continue holding your eth, at least till it reaches the price you had initially bought it for, and if so kindly surpass it, just do not sell when you'll be on the losing end, it's bad business(investment), except of course you can't do without the ROI right now.

acdc

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No one has the right answer for you. Everyone expects the value of the cryptocurrency market to increase and everyone to make a profit. However, anything can happen in this market, maybe tomorrow's price of ETH will double or drop to $ 100. If you decide to keep your coin, believe it. If you don't believe in a coin, sell it now.

Bagaji

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Should I continue holding my ethereum? Am a believer of long time holding but am currently beginning to lose faith due to fact that I have been experiencing constant decline in my major coins that I have been holding since late 2017. The coin in question is ethereum which I have been holding since when its value was around $1,300 and now its value is now less than $200 per one.
Should I continue holding my ethereum?

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