How long should we hold coins?
In the past 3 weeks, despite all the risks, many investors have hold a large number of coins such as TRX, XVG, XRP, ADA, etc. ranging from good to bad coins including DGB, DOGE.
Getting back a little bit with the psychology of human beings: we are always afraid but very pleasure when others talk about profit. When some coin prices are falling, you only see the negative things in it: "It will surely keep falling, so it’s better to stay away". When it turns back up: "It will plunge again sooner or later?" But when it's high up then: "It will no longer fall".
As an investor, you will have to understand a coin before investing money in it. You should evaluate and consider everything before making the decision to buy and hold for a long term (for 6 months to 1 year , or at least 3 months for the most impatient investors). Because one cycle of increase / decrease of a coin usually lasts for 2 months, understanding coin will give you confidence, psychological preparedness before facing the falling prices
I spend little time tracking the prices. Most of the time is spent on reading news, evaluating coins to make investment decisions. I also spend only 10-15 minutes on technical analysis (It’s not because I view it as unimportant, I’m just get used to it). As a result, I have bought a lot of coin at a very good price. I bought when you were there saying: how can it increase again. I left you far behind, at present, it is greatly safe for all my investments because my investment value has increased by several to tens of times.
You can say whatever in case of rising price, even when you invest in shitcoin. However, when the price falls this low, my balance seems to keep stable thanks to my calculation and comprehensive knowledge about coins. Once investing in a coin, I strongly believe in its future. I choose the right time to buy more coins without any fear of risk!
So how long to hold coins? The answer is that you go learn more thoroughly and comprehensively about the coins you want to invest in and make your decisions.
Attention! Without certain experience, Trading and Hodling are risky. The most acceptable method of investing at the moment is ICO. For a more successful contribution, you need to carefully analyze the project. Identify is necessary for the market side. For example, the Kelvin Blockchain project has an innovative method of encryption, transmission, storage, and security. All this is based on quantum computing. Thus becoming in demand in the future. With the coming quantum technologies, the current market must experience many changes. To be more exact, many coins will leave the market, as there will simply be no demand for them, due to the same technological superiority. I managed to participate in several ICO, some I earned quite well, I can say with certainty, for a good project, it must have potential for the future, that it will be needed in five years. Unfortunately most projects do not have this potential. I was lucky and I came across a project focused on protecting against hacking quantum processors, and to maximize the use of all the advantages of new technologies, project Kelvin Blockchain, you need at least to consider, because not every day there is such a good option for investing money.
Kelvin Blockchain project itself is flexible to implementing cryptographic algorithms which will make it one of the safest blockchains ever existed with 10+ signature available from the start. This project does not rely on any particular signature algorithm and due to the multi-client use - on some single consensus. In case of any problems, it is possible to quickly locate the threat and prevent it’s distribution throughout the system. Multiple blockchains with different consensus algorithms, token types, and assignments will be available. The multichain technology allows creating almost an unlimited potential for speed and productivity. Kelvin Blockchain can launch up to 2^64 subchains - more available subchains will benefit in increased speed and security. Moreover, all the blockchains will be processed in one wallet so that the client could have fast transactions, secure investments and cheap smart contracts as well as a lot of other services at his hand.