Topic: Holding 5 years a just a imagination (Read 3399 times)
Since Bitcoin was launched the movement happening in Crypto is almost always the same every year and if we look back it is very valuable to keep coins for long term especially for 5 years period but we have to be more careful when the time is. good time to buy coins That's because for long term plans, we buy coins at low prices so we can hold them for a long time.
we keep the coins at least 5 years , but its too long imagination. you can proof it. 2018 early NEM coin was top 6 Marketcap now 56. so keeping its useless. we have to updated everytime and get the action the correct time and exit.
Now i think bear market is going on , so holding for 4,5 years just a imagination. specially i have to say that TOP 5 coins , we must keep most probebly they will surpass the All time high again.
what all your perspectives?
we keep the coins at least 5 years , but its too long imagination. you can proof it. 2018 early NEM coin was top 6 Marketcap now 56. so keeping its useless. we have to updated everytime and get the action the correct time and exit.
Now i think bear market is going on , so holding for 4,5 years just a imagination. specially i have to say that TOP 5 coins , we must keep most probebly they will surpass the All time high again.
what all your perspectives?
we keep the coins at least 5 years , but its too long imagination. you can proof it. 2018 early NEM coin was top 6 Marketcap now 56. so keeping its useless. we have to updated everytime and get the action the correct time and exit.
Now i think bear market is going on , so holding for 4,5 years just a imagination. specially i have to say that TOP 5 coins , we must keep most probebly they will surpass the All time high again.
what all your perspectives?
Not all coins have the same fate as you say. Indeed NEM coin in 2018 with the highest price is $2. But the highest price on a bull run this year was $0.8. This means that the NEM coin is experiencing a major setback. In 2018 the number of coins in the exchange was not so much as it is today. So that the bullrun of certain coins gives a high value. However the bull run in 2021 puts 3x value on certain coins, such as Bitcoin, Ethereum, BNB and others. These are the coins that have had a 2018 bull run along with NEM coins. This means that holders still have a positive impact, but not for all altcoins.
we keep the coins at least 5 years , but its too long imagination. you can proof it. 2018 early NEM coin was top 6 Marketcap now 56. so keeping its useless. we have to updated everytime and get the action the correct time and exit.
Or just search the good coins to begin with like Bitcoin and Ethereum.5 years are a long damn ass time to hold especially in this cryptocurrency world. You stated in 2018 so everything was just a hype back then and if the project is not being known by the community then it's just pointless.
Also do make sure you have another income source to back up those investment in case you need it urgently, because you don't know what you expect in 5 years.
It's best to have other sources of funds when aiming for long-term investment, it's easy to allow the cycle that keeps happening inside the market, if you dedicated your money for long-term investment, it should stay there no matter what the market comes up, not in a daily basis but better setting your target.
The statement about changing paces is true, and that coin is a good example of a project who cannot compete in the long run. Unlike with BTC and ETH it's been proven by time.
Make sure to go deeply with an asset that you are eyeing to invest your money. The more understanding you have, the more trust you can spare.
we keep the coins at least 5 years , but its too long imagination. you can proof it. 2018 early NEM coin was top 6 Marketcap now 56. so keeping its useless. we have to updated everytime and get the action the correct time and exit.
Or just search the good coins to begin with like Bitcoin and Ethereum.5 years are a long damn ass time to hold especially in this cryptocurrency world. You stated in 2018 so everything was just a hype back then and if the project is not being known by the community then it's just pointless.
Also do make sure you have another income source to back up those investment in case you need it urgently, because you don't know what you expect in 5 years.
This depends on the adequacy of your daily cash needs, if for daily is enough, it is possible to hold it 5 years or even more.
I also still have old coins sitting in the corner of my Ethereum wallet, almost 4 years there, not selling any of them because the price is still low.
so holding for a long time is very possible, depending on the adequacy of your daily needs.
I also still have old coins sitting in the corner of my Ethereum wallet, almost 4 years there, not selling any of them because the price is still low.
so holding for a long time is very possible, depending on the adequacy of your daily needs.
Holding for 5 years is a lot of time. I do not think I can do that and I can not advice anyone to do that either not even with bitcoin. 5 months is okay to hold a coin and then sell it or take out your capital first. We have witnessed coins which was top get to lose market patronage and then drop down to have little or no value afterwards. Holding a coin for that long will not mean you can make better profit from it. Sell when you have the opportunity to do that.
Well, if you can't, you're surely do it if you see those coins that you have are increasing in value. My tip to you is just don't sell all that you have.When you're about to sell, do it in many times. Don't sell all in one time but if you're selling, do it with little and little so that you'll still have to hold some. 5 years is quite long for those that might not be in crypto for years but you'll be able to see the future on that long if you're optimistic on the cryptos you hold.
This is why diversification is important?
You don't want to just be bagholding one or two coins that could completely destroy your long term position if they fail - you want to be holding 10, 20 coins that are well established/have good prospects across multiple usage cases.
NEM also suffered a historical failure, which is part of the reason why its price is suppressed.
You don't want to just be bagholding one or two coins that could completely destroy your long term position if they fail - you want to be holding 10, 20 coins that are well established/have good prospects across multiple usage cases.
NEM also suffered a historical failure, which is part of the reason why its price is suppressed.
the issue is the timeline you are giving and failure to take profit when it shows. most people just want to make alot of money from little. your hold dream should be with profit taking also. dont overlook profit because you want to hold for more years.
Taking profit at times are a wise thing to do even you plan to hold for long period. I often say whats the point of holding if you dont enjoy your earnings? We never know what lies ahead regardless if the coins that you currently hold are well-established or has potential to have a drastic growth in the future. Still, the future is uncertain thus dont forget to take profit while keep on holding. 
Holding for 5 years is a lot of time. I do not think I can do that and I can not advice anyone to do that either not even with bitcoin. 5 months is okay to hold a coin and then sell it or take out your capital first. We have witnessed coins which was top get to lose market patronage and then drop down to have little or no value afterwards. Holding a coin for that long will not mean you can make better profit from it. Sell when you have the opportunity to do that.
Although I admit that many people find it difficult to hold coins for 5 years, that doesn't mean no one has done it. I believe for rich people, who already
have a lot of assets and stable finances, it won't be a problem holding coins for 5 years. Because of the difficulty of holding in the long term, usually for
people who have middle to lower finances, because they often have an urgent need. Everyone has their own strategy to be able to make a profit
from cryptocurrency, I appreciate people who intend to hold coins for 5 years, but make sure to choose coins that are popular and have high volume
if we want long-term holding. I'm like you prefer holding not too long, if it's a profit I will immediately sell it and buy again when the price drops.
Because I choose to make a small profit, but it can be continuous and if the profit I get is collected, it can be big too.
I'm in support of this motion of yours. One doesn't necessarily needs to hodl for that long except for the Top 5-10 that feel the urge of breaking their ATH. Bitcoin, ETH, BNB to be precise.
These are the top 3 coins for me too although Cardano has overtaken BNB already in the ranking per https://coinmarketcap.com/. In the long run, a coin that has a better development will stay consistent and probably improve its ranking and I believe BNB and ETH will only be the tough competitor in the altcoins ranking, at least they'll rank in 1 or 2. With showing success and more to developed from these two top projects, it applies that if you are aiming for long-term investment, both are good even if it takes that long. Though the idea from the top of this post to hold top 5-10 coins in rankings is also possible, if those assets are not stopping and keep doing their best to stay inside the competition.
The problem way back is, those well known top assets are no longer performing or the adjustment with new innovations are lacking. Unlike with BNB and ETH who offer services that are now being enjoyed by the end users.
Holding for 5 years is a lot of time. I do not think I can do that and I can not advice anyone to do that either not even with bitcoin. 5 months is okay to hold a coin and then sell it or take out your capital first. We have witnessed coins which was top get to lose market patronage and then drop down to have little or no value afterwards. Holding a coin for that long will not mean you can make better profit from it. Sell when you have the opportunity to do that.
Now i think bear market is going on , so holding for 4,5 years just a imagination. specially i have to say that TOP 5 coins , we must keep most probebly they will surpass the All time high again.
what all your perspectives?
I don't think there are quantifiable long-term holdings. Although, the investment plans have been balanced, but for a trend that grows as strong and fast as bitcoin, the more patience will pay off, the longer it means holding. you have more profit. It will surpass imagination at 100k, what happenswhat all your perspectives?
I'm not sure how the rest of the top altcoins will change, but only bitcoin will have to be a new ATH to facilitate that.
I'm in support of this motion of yours. One doesn't necessarily needs to hodl for that long except for the Top 5-10 that feel the urge of breaking their ATH. Bitcoin, ETH, BNB to be precise.
These are the top 3 coins for me too although Cardano has overtaken BNB already in the ranking per https://coinmarketcap.com/. In the long run, a coin that has a better development will stay consistent and probably improve its ranking and I believe BNB and ETH will only be the tough competitor in the altcoins ranking, at least they'll rank in 1 or 2.
I'm in support of this motion of yours. One doesn't necessarily need to hodl for that long except for the Top 5-10 that feel the urge of breaking their ATH. Bitcoin, ETH, BNB to be precise.
If a person does have a large capital and he is very confident in the development of the alcoin, I think it's definitely not a problem, but for someone who is easily indecisive then this will be difficult for him. So much now that I see altcoins for the next 5 years will be good for long term investments.
we keep the coins at least 5 years , but its too long imagination. you can proof it. 2018 early NEM coin was top 6 Marketcap now 56. so keeping its useless. we have to updated everytime and get the action the correct time and exit.
Now i think bear market is going on , so holding for 4,5 years just a imagination. specially i have to say that TOP 5 coins , we must keep most probebly they will surpass the All time high again.
what all your perspectives?
Long term hold is good for a coin that has a good potential in the future, if a certain coin struggles now, it doesn't mean it has no good future, every project pass in that kind of time but as the team continues to work for the improvement of the project, time will come that it will pump and investors who bought during the dip will be lucky to cash out with a decent profit.
I'm not anymore a holder of NEM now, but this project is an old project, it survive so it would likely pump as its time will come.
Well, there is no hard and fast rule to hodling. It may pay off and it may not. But in a business sense, it doesn't pay off. Those same coins could be liquidated for more profitable coins which are trending. But then I'm not you
we keep the coins at least 5 years , but its too long imagination. you can proof it. 2018 early NEM coin was top 6 Marketcap now 56. so keeping its useless. we have to updated everytime and get the action the correct time and exit.
Now i think bear market is going on , so holding for 4,5 years just a imagination. specially i have to say that TOP 5 coins , we must keep most probebly they will surpass the All time high again.
what all your perspectives?
Long term hold is good for a coin that has a good potential in the future, if a certain coin struggles now, it doesn't mean it has no good future, every project pass in that kind of time but as the team continues to work for the improvement of the project, time will come that it will pump and investors who bought during the dip will be lucky to cash out with a decent profit.
I'm not anymore a holder of NEM now, but this project is an old project, it survive so it would likely pump as its time will come.
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