You can choose a cryptocurrency with a long history of development and complete technology, such as Bitcoin or Ethereum. They have strong technical support and long-term development has withstood the test of time and the market, it is difficult to beat. More people are investing and demanding so that it has great development potential and room for appreciation.
The emergence of a large number of altcoins is relatively risky, and the investment and trading time should be selected according to market trends to reduce the risk.
Topic: Holding 5 years a just a imagination - page 5. (Read 3454 times)
We’re not in a bear market, we’re just cooling off after going too high, too fast in the first part of 2021. Just relax & wait, if you waited 5 years you can wait another few months which is when this bull run will heat up again.
I believe the same but there are many people that cannot wait any longer, many people bought at the top or near the top and they are desperate, after all they invested money they could not afford to lose and every single day in which the price of bitcoin does not move or it goes down it is another day in which they are thinking about selling their coins and eventually they will do so, which is a shame as I think the bull market we will see at the end of the year will be massive.or panic sell but somehow these movements or decisions isnt really always giving a good outcome.
Cutting losses is same goes in talks of panic selling but what differs them that one is involved with emotion and one is involved with analysis.
Holding long isnt everybody's genre or preference and its not really that surprising that each of us would have corresponding decision into some situation.
We’re not in a bear market, we’re just cooling off after going too high, too fast in the first part of 2021. Just relax & wait, if you waited 5 years you can wait another few months which is when this bull run will heat up again.
I believe the same but there are many people that cannot wait any longer, many people bought at the top or near the top and they are desperate, after all they invested money they could not afford to lose and every single day in which the price of bitcoin does not move or it goes down it is another day in which they are thinking about selling their coins and eventually they will do so, which is a shame as I think the bull market we will see at the end of the year will be massive.
I had the same problem with buying some EOS blockchain. EOS CEO was changed, but finally I sold for a little profit. You shouldn't leave a crypto announcement because sometimes you could lose your whole fund for swap features. Following Telegram or Twitter will be enough, if you want to hold your altcoins for 5 years. I don't suggest anyone hold 5 years because altcoins opportunities are always changing.
If one can hold the top 1 coin, you one will benefit from it. The top bitcoin will come at a time when it will be double the previous price. And then everyone will use BTC as a common currency.
Holding a particular coin at 5 years is sometimes not a guarantee of profit during a bull market, NEM coins have slumped in the Marketcap rankings after 5 years. Even if you have made a choice of coins to keep for the long term, you should check the coins annually or monthly.
If you hold the top coins like Eth, BNB, Cake just that has use cases there will be no problem to hold for long you will make big profit of the top coins but are you willing to hold the coin straight for 5 years? I think it's better to check always your coins so that you will not miss the bull run and buy back when the market is bear.
I just can’t agree more. Hype products like dogecoin are only for trading, and as soon as hype ends and people forget about them, they will die. And only projects with innovative ideas will survive, so we definitely should investigate the idea, docs and development team before investing. 
5 years is not a short time, so you should really choose the right coin for investment. Altcoins that are well known to many people, I choose altcoins that move to follow the bitcoin rally movement and don't forget to monitor all the time so as not to miss the opportunity to reap profits
The long term investment is easier than the short term, but you are right, monitoring is very important as altcoins are less stable compared to bitcoin, in altcoins, the CEO could go scam which would not happen to bitcoin since its founder is anonymous and bitcoin is there and cannot be tampered, that's why it's a better long term investment than altcoins.
However, based on price trends, altcoins are more profitable in long term hold, so that's a positive them, but it's riskier so always pay attention t the market condition.
We’re not in a bear market, we’re just cooling off after going too high, too fast in the first part of 2021. Just relax & wait, if you waited 5 years you can wait another few months which is when this bull run will heat up again.
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?
You should be wise on when to get in and when to get out because chances or odds of a certain project to die is always been an unsure thing because everything would really be varying with the demand.
HOlding will vary because it would be on personal choice and decisions in life so theres no precise numbers on here.
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?
Setting any time frame is rediculous. It doesnt allow you to judge current markets. 5 years the coin you are holding could be extinct. So many things happen in months, weeks and even days in which you might need to change your positions. Crypto, especially alts, is not a set it and forget it game.
A friend of mine has a good mentality. After buying the tokens, he didn't look at the market often. He told me that after buying it, he would treat it as if there were no tokens. This mentality is worth learning.
However, five years is too long. If you want to hold for a long time, you must first understand the future of currency. If you are confident in this coin, please stick to it. After all, five years is not too short. It is safest to choose mainstream currencies. If you find a good time, you can try to stick to it.
The mentality to not look at the market too often is not wrong but he needs to update himself at least weekly when it comes to the tokens he has chosen, we need to remember that those coins can change really quickly and it is not rare that they go through events that force them to reissue their tokens in a new blockchain, and if you do not do it before a period of time then you lose your tokens forever, this happens very frequently and I see many people complaining about losing their investment this way.However, five years is too long. If you want to hold for a long time, you must first understand the future of currency. If you are confident in this coin, please stick to it. After all, five years is not too short. It is safest to choose mainstream currencies. If you find a good time, you can try to stick to it.
Yep, if we bought new tokens, we need to keep informed with its development. Otherwise we might lost our tokens once there is swap or anything else and we are late to notice it. The best choice for long term investment will be bitcoin or ethereum since those two coins are the major one therefore the big news must be spread massively if there is one. So we wont miss it.
5 years is not a short time, so you should really choose the right coin for investment. Altcoins that are well known to many people, I choose altcoins that move to follow the bitcoin rally movement and don't forget to monitor all the time so as not to miss the opportunity to reap profits
It's not if you keep ETH or BTC right ? in long investment we required to choose a very strong fundamental coins to make big profits. Don't make any speculation on coin that will be good in the future, just choose the coin that already good right now and that will minimize the doubtness of the long run investment
that's the best reason why OP should have BTC and ETH in his long-term investment.Buying assets from a new project for the long term is like a gamble that is most likely to lose. avoid it.
This two crypto assets brings good success to each traders and investors who believes from the fundamentals that this two assets offers.
If you wanted to lessen your doubts and worries, since you are looking for long-term engagement better to keep this two coins then add which other alts you think that also have that great potentials.
It's not if you keep ETH or BTC right ? in long investment we required to choose a very strong fundamental coins to make big profits. Don't make any speculation on coin that will be good in the future, just choose the coin that already good right now and that will minimize the doubtness of the long run investment
that's the best reason why OP should have BTC and ETH in his long-term investment.Buying assets from a new project for the long term is like a gamble that is most likely to lose. avoid it.
It's not if you keep ETH or BTC right ? in long investment we required to choose a very strong fundamental coins to make big profits. Don't make any speculation on coin that will be good in the future, just choose the coin that already good right now and that will minimize the doubtness of the long run investment
that's the best reason why OP should have BTC and ETH in his long-term investment.Buying assets from a new project for the long term is like a gamble that is most likely to lose. avoid it.
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?
from your story I see you chose the wrong coin you invested. NEM doesn't have good potential for 5x of current price, better still invest in ethereum, bnb or tron which has potential for 5x of current price for next 5 years. 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?
It's not if you keep ETH or BTC right ? in long investment we required to choose a very strong fundamental coins to make big profits. Don't make any speculation on coin that will be good in the future, just choose the coin that already good right now and that will minimize the doubtness of the long run investment
If you wanna keep coins for 5 years, its mean long investment, you should choose big coins such as BTC, ETH (both is a must) and any big coin like BNB by binance or TRX by Tron network i suggest.
Why TRX ? Tron have survived since he was born until now, at top 10 almost 4 years, and nowadays, many NFT have bridge on Tron network, also have speed of transaction with small fee, so for next 5 years, TRX will be good, maybe the next BNB is Tron, IMHO
NFT projects are too new for long-term investment.Why TRX ? Tron have survived since he was born until now, at top 10 almost 4 years, and nowadays, many NFT have bridge on Tron network, also have speed of transaction with small fee, so for next 5 years, TRX will be good, maybe the next BNB is Tron, IMHO
it would be better if you choose top market assets such as BTC, ETH, and BNB. in 5 years I believe there will be a big change in the value of the investment made.
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