Holding 5 years a just a imagination - page 14.

JeffBrad12

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Quote from: JooBra on May 24, 2021, 04:52:18 PM

It's not imagination I have some friends that have kept for even longer and still aren't selling. So there are people with diamond hands.

Me too. Even i have some assets that i would never touch it since i have bought it from the market. I have a very big expectation of my asset can become even bigger from time to the another time.
There are lots of with the diamond hand. My friends were also doing the same as me too. Holding for the long term is not just an imagination.
It must become the main thing. There are lots of people that keeping their coins for long term est more than 5 years.

peter0425

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Quote from: udayantha11 on May 22, 2021, 03:47:50 AM

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?

Dont Use a Shitcoin as an example because that is far different from reality.

What is NEM compared to other good coins like Ethereum and Ripple and Binance coins?

look how much is the value of those coin in 2018 and how much are they now?

this is the problem if your ability to evaluate a coin is less than 10% , you won't find what is really happening.

inanilujimi

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for the top 5 altcoins in CMC it is certainly not a problem to keep them for 5 years, because it is clear that the quality and skills they are in the market will continue to improve from time to time to always be the best.

(o)(o)ilikeboobs(o)(o)

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I don't know the value of my holdings as we are in a Bull market right now and a bear market could happen next year, so I just expect all to reach x2-x3 holdings.
Holding low-cap altcoins will have a better chance of increasing the asset, but they also face downside risks.

ingiltere

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I would hold only Bitcoin for 5+ years. I don't trust any of altcoins in the long run, they all have some kind of alternatives, "pun intended". 5 years ago there was no Ethereum, no Binance exchange etc. There was Doge but that's whole another conversation. You better do your plans depends on one bull season, start collecting in bear and start selling in bull season. That way you don't have to hold too many questionable coins in long run, there are thousands of useless coins which is hard to pick. Put most of your money to major coins. That's the advice I can give for free.

adzino

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Quote from: udayantha11 on May 22, 2021, 03:47:50 AM

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?

Sure, if you hold shit coins for 5 years, you will lose everything. Why don't you look at those well developed coins. Those that were at the top few years ago are still at the top and those that kept holding it made a huge profit. Every second of holding was totally worth it for them. Shit coins gets pumped. Reaches the top based on the value and then gets dumped, eventually dying. If you hold coins like Bitcoin or Ethereum, you won't be facing such risk.

dimox

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it doesnt mean will apply for all coin, sometimes the other coin will give you a better value when you hold it for a long time. and yeah we cant expect too much if every coin will strong when hold it for 5 years, for me, better if we can find the right time to sell and replace it with something better.

Quote from: JooBra on May 24, 2021, 04:52:18 PM

It's not imagination I have some friends that have kept for even longer and still aren't selling. So there are people with diamond hands.

yeah, they hold more than 5 years, but give a great value now.

btcltcdigger

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Quote from: udayantha11 on May 22, 2021, 03:47:50 AM

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?

My perspective is that your english gave me cancer. But jokes aside, NEM was just an "okay" project, nothing spectacular, so i don't see any big things in it's future.
Also, bear market hasn't started yet, and it probably won't for 2-3 more months

JooBra

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It's not imagination I have some friends that have kept for even longer and still aren't selling. So there are people with diamond hands.

passwordnow

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If you have the right cryptos, that's not an imagination but a strategy that you should be proud of. You've endured a lot of corrections and even the bear market that's too brutal and bloody then you've survived that. This is all about investing and you really have to be careful with your choices and you need to maintain your patience while you're holding your coins. For bitcoin, there is assurance that it's here to stay and will remain at the top. So if you're going to be long term, choose wisely and invest on bitcoin, hold 5 years or more.

DarkDays

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Quote from: bryant.coleman on May 24, 2021, 10:17:30 AM

My advice is this - just purchase your coins and keep them in cold storage. And then forget about them for the next 5 years. When you login to your wallet after 5 years, you will be surprised at how much the coins have appreciated (in terms of fiat currency). And the most important thing - don't check the exchange rates every 5 minutes. It will only make you nervous and vulnerable to panic selling.

This advice is one that many new people that are yet not sure what they are doing SHOULD take up on. You can't get into trouble if you buy in one of these dips like we had a few days ago and hold for a few years.

Even if this is the only investment you do, it will give you a better return than any other regular stock market investment can ever get you within the same amount of time.

Invest wisely and be patient.

DigitalFox

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Quote from: Viscore on May 24, 2021, 03:18:55 PM

If you want to hold coins for 4-5 years long, altcoins are very risky to keep. Because they can drop down easily even when you least expect it. Yes, if that so, you can try shifting your coins and convert into bitcoin. This time, you will feel more confident to hold even more than 5 years i think. Because bitcoin no matter how often or long the dump season will be, it will always find way to recover and the best part is it's bount to set for its new ATH after it recovers.

True that, but sometimes alts can really, really surprise you. I bought some BNB when it just came out (I think I got a few as an airdrop too), and that was a very pleasant surprise. Same with few tokens I've decided to keep since ICO hype. Of course majority just went to hell but the remaining ones covered the rest and brought nice profits.

Viscore

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Quote from: dimonstration on May 24, 2021, 09:53:09 AM

Quote from: ILuckyGuyI on May 23, 2021, 04:44:30 AM

It is true that we are seeing many altcoins going down at a very high rate even in a short time period. At this point, the most important thing to do is doing a very good research. Because there are really small amount of altcoins which can be trusted for HODLing.ng

Its been proven that not all altcoins are capable of enduring the dips, some once go down weren't able to go up again like what happens in many ICO projects before who turns out doing exit scam. Better watch out for all the coins your holding or move into safer and trusted coins that endure already many dumps but able to cope up after.

If you want to hold coins for 4-5 years long, altcoins are very risky to keep. Because they can drop down easily even when you least expect it. Yes, if that so, you can try shifting your coins and convert into bitcoin. This time, you will feel more confident to hold even more than 5 years i think. Because bitcoin no matter how often or long the dump season will be, it will always find way to recover and the best part is it's bount to set for its new ATH after it recovers.

udayantha11

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2023 would most likely be as bearish as 2022

Quote from: bryant.coleman on May 24, 2021, 10:17:30 AM

I purchased by first Bitcoin 9 years ago. I sold some of those coins during the last 3-4 years, but the majority of the original coins are still there in my wallet. And I would say this with 100% certainty - if you hold your coins for 5 years minimum, then there is no chance that you will end up with a loss (irrespective of the purchase price). Forget about selling at spikes and buying at dips, because it is easier to say but never practical.

My advice is this - just purchase your coins and keep them in cold storage. And then forget about them for the next 5 years. When you login to your wallet after 5 years, you will be surprised at how much the coins have appreciated (in terms of fiat currency). And the most important thing - don't check the exchange rates every 5 minutes. It will only make you nervous and vulnerable to panic selling.

yes i agree with you half. if you hodle a non performing or abondend project who knows. so btc and eth is ok but others we can not sure 100%

bryant.coleman

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I purchased by first Bitcoin 9 years ago. I sold some of those coins during the last 3-4 years, but the majority of the original coins are still there in my wallet. And I would say this with 100% certainty - if you hold your coins for 5 years minimum, then there is no chance that you will end up with a loss (irrespective of the purchase price). Forget about selling at spikes and buying at dips, because it is easier to say but never practical.

My advice is this - just purchase your coins and keep them in cold storage. And then forget about them for the next 5 years. When you login to your wallet after 5 years, you will be surprised at how much the coins have appreciated (in terms of fiat currency). And the most important thing - don't check the exchange rates every 5 minutes. It will only make you nervous and vulnerable to panic selling.

dimonstration

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Dimon69

Quote from: ILuckyGuyI on May 23, 2021, 04:44:30 AM

It is true that we are seeing many altcoins going down at a very high rate even in a short time period. At this point, the most important thing to do is doing a very good research. Because there are really small amount of altcoins which can be trusted for HODLing.

Its been proven that not all altcoins are capable of enduring the dips, some once go down weren't able to go up again like what happens in many ICO projects before who turns out doing exit scam. Better watch out for all the coins your holding or move into safer and trusted coins that endure already many dumps but able to cope up after.

Vaskiy

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For some people it is an imagination. Myself kept hold for about 3 years and sold during the previous bear market due to unavoidable situation. My plan was to make use after five years unlike the market situation. Right now one of my friend have begun his investment into cryptocurrency. He has planned for long term profiting, in simple terms he has started to invest little amount periodically on different altcoins. He has decided to make use of the investment by 2026.

criket

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during that time I am not sure the assets we choose will be at the right moment.
predicting a feasible project in the market as long as it is possible to develop it can do it. but to predict good market conditions I'm not sure it can be done by everyone.
for the long term, in my opinion, the ideal one with a good asset is 2-3 years. find good momentum when ATH is reached and sell immediately, don't be too greedy.

stadus

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It's not an imagination as there are investors who have successfully held that long, and they are enjoying their fortune now.

Being a holder, it's not necessary that you will hold forever, you can sell some when you see a good price as that's a way to reward yourself, however, if you are really strict with following your strategy, you can always hold and wait for 5 years, but still, the price that time matters as crypto's volatility will remain.

gurunanakji777

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Its not like that one will not touch its coins for 5 years if one has a plan to hold them for 5 years. Certainly one should always follow the development of the coin that he/she holds so that he will always know the progress of the coin. Not only Top 5 coins there might be some new project coins as well can also perform well. Strategies and planning change according to the market condition and one's liability.

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