Topic: Does holding long term can be worthy despite of unpredictable market? - page 16. (Read 1555 times)

if you truly believe in bitcoin and blockchain technology, you won't be emotionally affected by the market volatility. I am positive btc and crypto in general is just warming up and that we are yet to see exponential growth in the coming years. I just chill and spend more time with family and friends during bear markets and don't really stress about it. In other words, holding is absolutely worthy in an unpredictable market. Stop stressing about the short term volatility and have a longterm picture in mind.

It is definitely worthwhile as long as you are ready to clear your head from the daily noise of the market and stick to the belief in the market that you are holding. We sure do not know what the future holds for any market and the best thing is to always be very careful before even investing in any market at all by knowing if there is really a future for it at all and not you just end up bag holding a coin with no future at all. For a good project, you can always end up hitting a huge gain at the end if that project hits a pretty solid boom.

Holding long term always helps despite the odds! I know many people those who have bought bitcoin during late 2017 when the price was at 20k USD. So they have three options in hand at today's date,

1. Sell off their exposure to bitcoin and book the loss
2. Buy more at the current price to lower the average buying price
3. Continue holding their positions

Now, it depends on an individual on what option they will choose. If they are positive about bitcoin's future, they will probably buy more to lower the average buying price. If they are running out of patience, they will square off their positions. Or if they are positive about the future of bitcoin but don't want to increase their exposure, they will continue holding with the hope of a better price in future.

I personally fall into the 2nd category and I am continuously diversifying my portfolio with altcoins like ETH, Ripple, Steem and many other. The market is still unpredictable so I don't invest anything out of my own pocket. I earn from various sources and convert a part of it to different altcoins and continuing holding bitcoins. So it really depends on an individual's risk taking capability and personal outlook towards the market. No one will be able to guide you towards absolute outcome as no one is sure about it.

It depends on which coin or token you are going to hold for long term. For sure holding shitcoins is worthless, and there are a lot of shitcoins in the crypto world. You have to hold only the valuable cryptocurrencies, and being sure that their prices is going to increase in the future likely.

If you no need your invested funds urgently then you can wait.

If you're already in a profit and reached your targeted profit then you should book some profit and keep some with you. Even though you no need of these funds urgently but if you have already reached your profit target it is always good to book profit and keep cash in hand. If markets goes down then you can use those funds to buy more at a cheaper price.

But if you're in a loss and if you wait then better wait to sell at profit. If you can buy in small amount whenever prices go down.

Normally, investment for volatile markets are for long term investments. It is hard and stressful to get profit from volatile markets. You do short term to more stable markets like bonds. But for volatile markets like equity and crypto, it is long term and it is profitable to do it that way. That is why most people here will say that you hodl your bitcoin even when it is down.

You can only lose your money in bitcoin trading when you ran out of patience especially when you are on losing position. So When you are on losing position the best thing to do is to Hold because the market is speculative and react to market sentiments based on news. Do not panic ,relax and monitor the market before you react.

In long term, yes it is worthy but it also depends on what coins or tokens will you hold for the long term. If you hold those who have established themselves in the top 50 like BTC ETH LTC EOS (disregard BCASH  ) then its worthy to hold them. If you want to hold some hidden gems too then you must do some research in it.

Absolutely. The market will always be volatile, that's crypto. Buy during the dips (we're going through one now) and then hodl longterm. But make sure you invest in good projects, not some low caps on crappy exchanges with a few btc volume. Invest in top 20 coins and hold longterm...

Holding a coin long term is a good option if you have bought it at a higher price than current price(because you haven't gained anything yet). If you have gained something from that trade and you see no potential for that particular coin to go up, then do not hold, take profit. Always remember that taking profit from coins with low potential is as important as holding a coin with potential(because there is a high risk involved).

Holding for long term can be worthy if what you have is good or is a good prospect, then it would be worthy. If you want to hold for long time, make sure that the coin you are holding is not a bubble.

Long term means 3-4 years at least. If you have the patience, yes it is definitely worth it. I mean look at those people who bought at the top before the Gox crash. People looked down at them as they were miserable little unlucky stupid fellows. In the end, these guys came out as winners too because they followed the long term hodling strategy.

And those who bought high sodl low people just got slaughtered as they deserve.

it depends on what you are planning on holding for long term!
if the thing you are holding has a good potential (for example the stocks of a growing company, some precious metal that is growing, bitcoin) then it is a good idea to do it because you know they are going to grow and you can make a good profit from it.

but if you are planning on holding an altcoin which has nothing to offer, and is already in a bubble then you are taking a huge risk and there is a big chance that you lose a lot of money because you have become a bag holder.

Of course holding long term may be worthwhile. The hard part is finding a crypto that you believe will still be worth something in several years. There's over 1600 cryptos and all of them are still in their early phase. It's pretty clear that some of them will be around for years, but obviously not.

I suggest reading whitepapers of promising cryptos, finding one that you truly believe in, buying some, storing it on a ledger, and forgetting it for years.
Who knows, you may be able to find that early "amazon stock" of crypto, and come out with more money than you know what to do with.

I am still eager to think more positive ways despite how unpredicatable the market is. We couldn't control it actually because if there's an option to manipulate the current market, I woudl really love to do that. We're bound here to earn profit so the desire is always there , but since the current situation remarkably stressing us out, maybe we must stay calm for the main time.