this depends on which coin or altcoin we will choose to invest. maybe certain unpopular altcoins will pump in that time, but those new altcoins can also crumble to ashes. but for me long term, I prefer long term safe altcoins like eth and bnb. choosing a new altcoin for the long term I think is like gambling, if we research it wrong
well, in this case, NEM is also a good coin, it's just not the right coin. if you plan to hold on for a long time, choose a coin with a pretty promising prospect for the future, for example like BNB, or ethereum. 
Topic: Holding 5 years a just a imagination - page 7. (Read 3454 times)
Only some investors can hold the coin for many years, but when the results they get can be satisfactory then it is a very good principle because it has a high level of patience in investing, but storing potential coins for a long time I think it does not hurt because if there is an increase in the price then the profit earned is very large.
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?
Our purpose to purchase cryptocurrency is to make profit. Five years is a long time. For general encryption projects, there may not necessarily be good returns. For Bitcoin, I can consider a cycle of 5 years or even 10 years.
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?
actually, it depends on what coin is held, if indeed the coin has good prospects then it will be profitable. otherwise, if it has bad prospects then it will not mean anything. I think that keeping coins for 5 years is long enough and for coins, the prospects for coins must be seen whether they are good or not. It's hard to accept the fact that I've been holding an old coin and it hasn't paid off because I feel that way too and it's stressing me out a bit. but it doesn't need to be thought too far and at this time you have to focus more on good coins and follow legit projects so that the results are also good.
Holding coins for years to come is still a gamble that's why I recommend top 5 altcoins for long term hold and also it's a bad idea to hold a coin for that long instead of building a portfolio instead, this will crate more chances of success than holding a coin
Yes, in general it is still better to hold five good coins than just one coin because with five coins we hold, we can expect a little more profit for the future if market conditions can improve and allow for hope.
Holding coins for years to come is still a gamble that's why I recommend top 5 altcoins for long term hold and also it's a bad idea to hold a coin for that long instead of building a portfolio instead, this will crate more chances of success than holding a coin
this depends on which coin or altcoin we will choose to invest. maybe certain unpopular altcoins will pump in that time, but those new altcoins can also crumble to ashes. but for me long term, I prefer long term safe altcoins like eth and bnb. choosing a new altcoin for the long term I think is like gambling, if we research it wrong
And that is what makes holding for so long so difficult if you are investing in one of those new coins, the market moves extremely fast if the developers are not able to keep up then a coin that once was considered to be the very best and at the edge of the technology suddenly is completely outdated, which is why the developers are so important when it comes to the long term value of a coin, because if they are not dedicated and take too long to update the code then the value of the coin will most likely plummet at some point.
It is true that if the team is slow in the development, people will move on as there are other interesting projects that could come up with updates and pump the market. I know many projects in the past failed to gain attention after the initial hype because they were really slow in coming up with updates and development and eventually people will move on to other investment opportunities.
I do not know the future of altcoins, but coins such as bitcoin, BNB, ETHEREUM, DOT, ADA are very promising. Therefore, it seems quite logical to invest in such coins in a long period of five years.
And that is what makes holding for so long so difficult if you are investing in one of those new coins, the market moves extremely fast if the developers are not able to keep up then a coin that once was considered to be the very best and at the edge of the technology suddenly is completely outdated, which is why the developers are so important when it comes to the long term value of a coin, because if they are not dedicated and take too long to update the code then the value of the coin will most likely plummet at some point.
It is true that if the team is slow in the development, people will move on as there are other interesting projects that could come up with updates and pump the market. I know many projects in the past failed to gain attention after the initial hype because they were really slow in coming up with updates and development and eventually people will move on to other investment opportunities. 
Developments in blockchain technology are quite fast, every project must be able to keep up with existing developments otherwise they will be left behind even with new projects, as is currently the trend with DEFI, then every project that follows will grow rapidly while those that do not follow will stagnate even decreased. So we must continue to pay attention to the development of the project we are investing in.
And that is what makes holding for so long so difficult if you are investing in one of those new coins, the market moves extremely fast if the developers are not able to keep up then a coin that once was considered to be the very best and at the edge of the technology suddenly is completely outdated, which is why the developers are so important when it comes to the long term value of a coin, because if they are not dedicated and take too long to update the code then the value of the coin will most likely plummet at some point.Developments in blockchain technology are quite fast, every project must be able to keep up with existing developments otherwise they will be left behind even with new projects, as is currently the trend with DEFI, then every project that follows will grow rapidly while those that do not follow will stagnate even decreased. So we must continue to pay attention to the development of the project we are investing in.
And that is what makes holding for so long so difficult if you are investing in one of those new coins, the market moves extremely fast if the developers are not able to keep up then a coin that once was considered to be the very best and at the edge of the technology suddenly is completely outdated, which is why the developers are so important when it comes to the long term value of a coin, because if they are not dedicated and take too long to update the code then the value of the coin will most likely plummet at some point.
it is undeniable that not all coins have good prospects for long-term holding or long-term investment like btc. maybe some will be lucky to hold but some can lose, so it is important to choose a really good coin to invest by researching it first. I also have some coins that I still have and I hope the price will go up. a lot of new coins that appear and make the old coins that are not so good even worse. the crypto market is indeed risky if we can't manage our assets properly so i will be more careful.
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.
You let your greediness make a decision for you, it's ok for Bitcoin because whenever it goes down it always goes up again, but when it comes to other coins we cannot compare it to Bitcoin and there's a possibility that it will not go up again if it goes down one example of this is Tron been holding Tron for years but until now it failed to break it's an all-time high, even in a bull trend.
You need to strategize when you trade, bears or bulls, if you commit a mistake then you have to learn from it.
Yes, mature strategies can reproduce opportunities in gaining profits, but when our strategy fails, we must learn what makes us fail so as not to repeat again.Altcoins are never meant to be holding for long term according to me.
And if you still want to try your luck, then unfortunately you will face losses only.
Op you have already shown us a clear example, how a coin can keep you bankrupt.
So yes, holding coin for 5 years of long term will only be an imagination.
Better try to trade daily and different varieties of coin.
I myself prefer short-term investments of 5 months-1 years. It also depends on the asset I choose. as well as day trading, sometimes our inability to choose assets makes it difficult for us to do day trading. but if we can do it, it is very easy to make a profit by day trading.
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?
Regarding myself, I'm hodling all my cryptocurrencies forever, there is no selling on my side. Those digital currencies are the future, if you think good why would you sell?
Even those early adopters gone sold their coins when the price increased Hugely .
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?
Altcoins are never meant to be holding for long term according to me.
And if you still want to try your luck, then unfortunately you will face losses only.
Op you have already shown us a clear example, how a coin can keep you bankrupt.
So yes, holding coin for 5 years of long term will only be an imagination.
Better try to trade daily and different varieties of coin.
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