Holding 5 years a just a imagination - page 8.

SophiaZ

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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?

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?

tabas

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Quote from: ?? on ??

Quote from: tabas on June 30, 2021, 05:58:08 PM

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.

Just learn from that failure or mistake that you've done and you'll realize on which part of the actual strategy you did you have to correct. It's like a trial and error and that's always be the case for traders. There's no easy success, trader or holder and both of it takes risk.
And if you think that there's a need to change, then you have to change your strategy at all.

tabas

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Quote from: oemar bakrie on June 30, 2021, 05:50:21 AM

just a figure of speech, saving coins for too long requires a high level of patience and must also have the right predictions, because every time it will definitely change..

And you also need to be firm with the coins you've bought to be held for a long time. Because aside from patience, without having that firm decision that you'll hold it for a long time, you'll eventually sell it even before hitting the year target that you've set.

Quote from: husdemba on June 30, 2021, 09:30:00 AM

This market has some realities. If you don't trade at the right times, you'll always come back. I make this mistake a lot and always lose big in the bear market. We may enter a bear market right now so we have to be careful. After 5 years, I hope we all reach our dream goals.

You need to strategize when you trade, bears or bulls, if you commit a mistake then you have to learn from it.

Golftech

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Quote from: Fivestar4everMVP on June 30, 2021, 09:58:45 AM

5 years being too long to hold a coin depends on the coin you want to hold or currently hodling, The NEM coin which op used as an example is not a very popular coin to me, not everyone know it even exist, but if we use bitcoin and Ethereum and binance coin as an example, those who bought btc and eth and BNB 5 or less years ago and still held it till now are already in huge profits even with the recent market crash.
So holding a coin for 5 years is not a bad idea, but one thing people must understand is that, it's not every coin that's meant to be held that long, there are coin that it's foundation are very solid and this type of coins can be held for this long, but for others, they are to be held from 6 months to 1 years, others 1 year to 2 or 3 years depending on how solid the project is.

That's how important knowing which type of project are you holding, that 5 long years have a lots of

challenges you'll see many price movements, it's up to your good analysis to sort it out and entrust your

money in that long span of time, though with Bitcoin and ETH those long 5 years are very profitable to those

who still holding their assets.

xSkylarx

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Been into crypto since 2016 so I can say hodling for 5 years is not an imagination. A portion of my btc earnings here from signature campaigns goes to my non-custodial wallet where my plan is just to hold it until I am not able to work anymore. I am not sure if it will still have value by the time I retire but holding btc is very different from altcoins. Altcoin's development depends on the developers so holding only good altcoins like eth or bnb is good for the long term while holding low cap altcoins is a risk because their development is not continuous and most often the devs behind that leave it in the long run.

Fivestar4everMVP

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5 years being too long to hold a coin depends on the coin you want to hold or currently hodling, The NEM coin which op used as an example is not a very popular coin to me, not everyone know it even exist, but if we use bitcoin and Ethereum and binance coin as an example, those who bought btc and eth and BNB 5 or less years ago and still held it till now are already in huge profits even with the recent market crash.
So holding a coin for 5 years is not a bad idea, but one thing people must understand is that, it's not every coin that's meant to be held that long, there are coin that it's foundation are very solid and this type of coins can be held for this long, but for others, they are to be held from 6 months to 1 years, others 1 year to 2 or 3 years depending on how solid the project is.

junkerr

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Quote from: husdemba on June 30, 2021, 09:30:00 AM

This market has some realities. If you don't trade at the right times, you'll always come back. I make this mistake a lot and always lose big in the bear market. We may enter a bear market right now so we have to be careful. After 5 years, I hope we all reach our dream goals.

for the long term do not gamble by investing in new projects. not necessarily they can survive in the market in the next 5 years.
if you choose a project that has developed, it might be the best choice. because even though the price will not match our plans. at least we can still trade assets.
I think choosing investment with target price planning is better than timing planning. both risky but I prefer to determine the selling price. even though it has been achieved in just a matter of months, I will still sell it. no need to wait for 5 years which is not necessarily our price target is achieved at that moment.

husdemba

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This market has some realities. If you don't trade at the right times, you'll always come back. I make this mistake a lot and always lose big in the bear market. We may enter a bear market right now so we have to be careful. After 5 years, I hope we all reach our dream goals.

iTradeChips

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If you are going to ask me, the main reason one can wait for 5 years is because he has the means to live for the next five years, and he has the money to invest and leave in the system for 5 years. Maybe it might be too long to wait, but I believe many of the supporters of Bitcoin might have waited until the time Bitcoin hit $60,000 before they decided to cash out some of their Bitcoins. I bet they must be millionaires by now. Anyway those who can wait then carry on and be fruitful when the time comes.

oemar bakrie

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just a figure of speech, saving coins for too long requires a high level of patience and must also have the right predictions, because every time it will definitely change..

cabron

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TRX is almost 5 years by now, I don't see its price going to the moon. There is no reason anymore to hold the token for an investors who aimed to hold for 5 years so if it weren't for the gambling apps in the platform, all the holders may have leaved the project. This should prove that holding tokens for 5 years is not worth especially if you only have few of it like less than 500 of it. Altcoins are growing slow and bear market will make its price close to zero.

mhine07

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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?

4 to 5 years holding is such a long term and sacrificing, because you will wait for your holdings to have the good value to gain more profits. There are some people who are holding there assets for a long time including me, i am holding my assets 4 years now and still waiting for them to have the best value so that i can benefit from them and gain profits. But sadly to say that most of my holdings aren't doing well.

iged_war

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Quote from: kurniawan05 on June 29, 2021, 07:00:33 PM

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.

keeping in update will bring and help us to find the project potency, is it well developted or not. i see some developers team was work very slow and they dont know what actually needed by market now . following market should be an idea for every developers that want build their project.

kurniawan05

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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.

aditasetia123

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Quote from: Tessnik on June 29, 2021, 04:38:58 PM

The market is full of risk and one can not have a guarantee making profits from a particular token by holding it for a certain number of years, it's a risk one needs to take. But if there is a need then sell off your holding and move on instead of holding up for long without gain.

its true no one could not guarantee profits by holding multiyears, but we can analize how cryptocurrency market structure and cycle. for traders that involved more than 4 years in crypto market will understand bitcoin market cycle. after halving done price will rise extremely, history said like this not single opinion from any expert.

Tessnik

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The market is full of risk and one can not have a guarantee making profits from a particular token by holding it for a certain number of years, it's a risk one needs to take. But if there is a need then sell off your holding and move on instead of holding up for long without gain.

South Park

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Quote from: fvb on June 21, 2021, 08:54:52 AM

After such a long time, many coins simply will not survive. Trust only to those who stood at the origins of the technology. As time has shown, the best investments are only in these coins.

This is the truth, many people do not really realize that investing for such a long time is only a viable strategy in coins like bitcoin and maybe ethereum, any other coin in which you invest for that long is going to be a complete gamble as we know that many coins have the tendency to look incredibly strong and then disappear relatively quickly, besides the developers could turn out to be scammers or a better coin could appear that replaces the coin in which you invested and you lose money that way.

trauchot

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It is not necessary to hold cryptocurrencies for a very long time, but you just need to wait for the next growth of the cryptocurrency market and you need to fix the profit at that moment, and in general, of course, I think that after the next growth of the cryptocurrency market, many top cryptocurrencies will update their price records, so now while the cryptocurrency market is correcting we need to think about where it is best to invest in order to get a good profit from this later.

South Park

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Quote from: Spack17 on June 20, 2021, 05:18:03 PM

Holding coins for five or even more years is not an impossible thing to do actually. Look at those who got rich in Bitcoin. Most of them accomplished it by being patient for years. Hence, I can't use a word like "impossible" for this.

It could be impossible for those that are looking to invest in altcoins because as we know that market is incredibly volatile and doing something like that will be very difficult but it can be done, however if anyone is interested in doing this in a coin that is not bitcoin then they are taking a high risk the coin may disappear while they are holding it, while those that decided to hold bitcoin can do so with ease as 5 years is more than enough to produce significant profits.

iTradeChips

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Checking some of the snapshots of Coinmarketcap through out the years shows that there is really no good investments than BTC and ETH for the alts - if we are talking about long term. Sure you can argue about DOGE, but those who profited out of DOGE are just lucky that they were able to get to a situation that the price is high. Anyway, my holdings are in ETH for altcoins and also some short term coins like BNB. But my future investments would really depend if the community and the devs of that coin are really active and fully support it. Otherwise, it is just a waste of money.

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