Topic: Hold coin - page 5. (Read 820 times)

I think everyone will prefer bitcoin for longer time because of its success rate but for short term bitcoin is not a good choice. Even those individuals who don't have money but wants to take loan for investment in Bitcoin so no one will deny bitcoin once money comes in hand.

For short term there are lots of other coins but in my opinion short term is very risky in contrast with investment in Bitcoin so if someone who wants to reduce the risk should select bitcoin for longer time.

It is difficult to predict the future of any coin. I personally think Bitcoin is the best investment option that I have been doing myself. I myself lost my bitcoins investing in altcoins, so I know how risky investing in altcoins is.

Bitcoin will definitely go to ATH which as a Bitcoin investor I know very well because the future potential of Bitcoin is huge. So I'm trying to hold bitcoins, if I have money I use that money to buy bitcoins. As a smart investor I would prefer Bitcoin over altcoins, as crypto investors are well aware of what happened to many of the top altcoins.

I have been saying this for many times and will continue saying again. Whenever you have money for investment, do proper analysis and invest in your desired asset. I have been investing in Bitcoins continuously for that past 5 years. This means at regular intervals in small portions I am buying Bitcoins when I have extra money. I don’t plan to sell these coins. These coins are very rare and a time will come when the price of the coin will skyrocket. I am planning for that day and holding these coins for long term.

Despite that there are some altcoins that have done well for themselves like binance that bumped two years ago to now, it is still likely to do well during the expected bitcoin bull and Ethereum that many speculators still feel it is still under priced, I will I agree with your submission that Bitcoin is the superior of them all. Bitcoin has over 50% dominance of the crypto market and therefore controls the market. When bitcoin moves to any direction, it affects the price of other coins. To hodl Bitcoin above 60% of your portfolio is perhaps a good investment for the upcoming bull run .

This is where a trader makes a mistake. Some trader got panic when the market turns bearish. They think that streak may be coming to an end. In such a situation they cannot control their emotions. Even though they are losing money, they try to sell it and end up losing money. But the point is that if one can be patient at that time then everything can be normal again. Both bearish and bullish should be accepted. This platform is not for those who only want bullish. Being a holder is a must in the crypto world. Otherwise the expected results will not be obtained.

The best thing when you see the market is down is to hold, don't panic because things like this will end soon, we have to be optimistic that at the end of the year the market will skyrocket again because at the beginning of 2024 there will be a halving day.

Their is no coin that is higher than bitcoin and if we should hold a coin for long term it should be bitcoin because bitcoin have very good potential and that is while people hold bitcoin more than any other coin. And its good to know your plan of investment before you can conclude if you will go in long term investment or short term investment in cryptocurrency and more especially bitcoin, sometimes the longer is the long you hold your bitcoin is more you gain profits in the investment, some time you can buy a coin when the price is low and hold until it enters bullish market and you makes your profits, I can't advice anyone to go into long term investment or short investment when the capital using to invest is not it spare money. It's very good that you have to use your spare money to go for any of this investment I mentioned.

The aspect of sub-coins which can be referred as altcoins I will encourage whosoever that is into such investment specification, been altcoins to run such investment short term depending the kind of the project, and we need to investigate properly in altcoins investment before we invest because altcoins many of them does not survive bearish season and that is while it's encouraging to invest shortly in any altcoins so that you won't be at disadvantages in the investment.

Indeed, when the price reaches $70,000 or passes the previous ATH price, you can call it a new high. When it failed to break through the $100k price as predicted and the chart came back down it was not a trap but a normal activity that often occurs in the market and I feel the ATH price a sure price just needs the right timing to come.
There are estimates for that time next year and there are estimates for 2025.

That is your prediction, butI do say that it is possible that it will reach its new ATH, and we don't know if this will happen. Again, no one can predict the future, but again, we took that risk, if ever that happened. Others may say it's too good to be true, but again, nothing is impossible with Bitcoin. No matter what the price of Bitcoin is, I am going to be grateful, but I do really hope that this price will be reached.

The crypto market is like a battlefield, where there will be winners and losers, where intelligent people will take money from greedy and stupid people. So you don't have to bother for anyone, you should do your job well to be able to guarantee your profits in the market. Anyone to succeed has to make trade-offs and costs, if newbies can't stand the challenge, they really don't deserve any rewards. As I said, there is no success without trade-offs, and if newbies want to survive in the market, they will find a way.

Investing in bitcoin or altcoins is like any other financial market, to get good results requires knowledge, if they are lazy and greedy and just want to make money by doing nothing, they need to pay the price.

But the average beginner who wants high returns can't analyze to find the right coin to invest or to trade. That's why we see many beginners who give up after trying to invest or trade but the results are different from what they expected. They also haven't been able to learn more and most of them only rely on other people's suggestions, which is why they haven't been able to benefit.

You are right in saying there are a lot of altcoins worth investing in and I totally agree with you because I have proven myself so far. But when I'm in a group chat where there are a lot of newbies in it, many of them are waiting for advice from people they call "trading professionals" who can't always give advice. And when someone gives advice, they won't think if the person giving the suggestion is really a good suggestion or just a suggestion.

So if they want to find the coin, they must learn to analyze it themselves so they don't have to depend on others. In addition, learning to analyze will also be helpful for them because it can improve their ability in the future to analyze market conditions and situations.

100,000 dollars is a magnet. However, will the bitcoin price overcome this mark? Personally, I think bitcoin's new ATH in 2024-2025 could be in the 80000-90000 range, and when everyone is waiting for 100000, bitcoin's price may start to decline to trap everyone again.

Something that would be worth holding, like BTC. That's what I'm going to get if I were to get money and I'm not gonna use it for other purposes. Regarding your statement regards that it will completely be digital, I don't think so. Maybe not in our lifetimes because there are still a lot of people who prefer the traditional way that involves paper money. Even some still do the bartering system so I think it's not going to go away anytime soon.

Are you saying you are from the future?? That in 2025, we will reach another ATH?  

The answer is Bitcoins. I like that you have tried to answer well why it should be Bitcoin. It's a coin that's always better to hold onto over the long term.

$100k new ATH price prediction and many will agree on that price. By the way, you don't look like a beginner anymore because your thinking is like a senior in providing Bitcoin price analysis.
How confident are you about the next ATH price because Standard Chartered has changed its Bitcoin price prediction from $100k to $120k next year.

It depends on altcoins, Not all altcoins is shitcoins if you have an open mind perspective on crypto. Project like Ethereum and Litecoin provides a good quality of Blockchain and running for many years same with Bitcoin. You are correct that the majority of altcoins is not for long term since it’s very easy to create tokens now with the use of smart contracts but there’s still gem altcoin that can be invested long term.

Asset manager like grayscale invest on altcoins too. They have a deeper knowledge on trading and assets background check. They will surely not buy altcoin if they are just garbage.

If you want high returns, you have to take risks, if you want to be successful, you need to make trade-offs. Investing in altcoins is similar to early investors in bticoin. When many people doubted and distrusted bitcoin, they took the risk to invest in bitcoin. In the end, the rewards they achieve are well-deserved.

Bitcoin will rise again, that is certain and no one can deny. I'm not saying you shouldn't invest in bitcoin, I'm not saying you shouldn't invest in bitcoin, I'm saying that there are plenty of altcoins worth investing in, not all altcoins are junk and not worth investing in.

Although it is not easy to find altcoins that offer huge profits, if we are determined, we will find the way, not the reason.

I don't have the knowledge on altcoins since I see them as a project that wouldn't last long and when one is investing on altcoins he needs to know the right one which he can invest on. Altcoins are short term investment and can lead one to great loss. Bitcoin is superior over all of them because they are the duplicate of bitcoin. They all depend on bitcoin price for them to pump or dump. This means that I will buy bitcoin and hodli for long so that my btc value will increase significantly after two cycles. I expect bitcoin price to hit $150k. Investing in altcoins is the same thing with gambling.

For those of you who can search for and analyze altcoins, of course, you won't ignore altcoins. But for people who are inexperienced or who can't analyze properly, they will find it difficult to find the right altcoin. That's why I suggest investing only in bitcoins instead of them misanalyzing and buying the wrong coins too.

Investing in altcoins can also be profitable if they want to learn more about trading or analysis. But the average person just follows what other people suggest and doesn't try to analyze to find the right altcoin. Indeed, altcoins can provide benefits, but if you buy the wrong one, you will not be able to benefit.

It's better to play it safe in investing in crypto and the only option is Bitcoin because either way, Bitcoin will be back on the rise. Even though altcoins can increase, not all altcoins can increase and only selected altcoins can increase and we don't know when altcoins will increase.

Indeed the future of crypto is bright but it takes patience to break through previous all time highs which at this point is 69k USD (nice number eh?)

But we should not be of the opinion that "we invest in bitcoin because we will be hugely rich" - rather keep your mindset at the slowly growing price.

This will help cope up with the times when bitcoin price is low and you are in a bad mood because of it, important to keep you functioning during the bad times and pass through it without ending up selling or buying shitcoins.

However I dont agree with your bitcoin beats fiat idea, I think both will co-exist to something even better. Both have their pros and cons and they only complement each other and also a matter of personal choice.

More power to you boss!

People are free if they have money, have fun, invest, do business, buy property what they want is very easy to be granted if they have money.

Bitcoin - long term. Portfolios should continue to add a lot of value.

If you know about the journey of the bitcoin cycle then buy from now do not wait for later, I am happy with what BTC has at this time with the purchase of the DCA method it will continue to accumulate if the price is still low, when it is big you can HODL for a long time it will be much more valuable in the future.

2025 could be a new record again. Who knows.

Possible.