When you make your research and invest in the right coins that has a standard global Crypto market cap such as
Bitcoin,
Etherume,
BNB,
Tether
ADA
XRP
Solana
Litecoin and so on
Then you have zero worries. Especially when you invest in BTC you have nothing to worry about.
Topic: How to hold in peace - page 3. (Read 516 times)
You shouldn't even bag hold altcoins for 2 hours let alone 2 years. They all dump sooner or later because of a wide range of reasons but mainly uselessness. Even the biggest and most popular shitcoins such as ETH has been dumping against bitcoin for years. The only reason why they have some $$ gains is because bitcoin price went up.
The volatility on altcoins is surely much greater on Bitcoin that doesn’t they are useless. Actually they are the most useful blockchain in crypto because of its dapps. Don’t get me wrong, I love holding Bitcoins and Bitcoin has the huge percentage in my portfolio but I earn most of my profit on this recent bullrun after 2 to 3 years of holding on blockchain project such as Ethereum, BSC and Matic. They are now have thousands of dapps that contributing huge volume in crypto market and innovates the use of blockchain in our daily lives.
Is it true that its wrong to hold coins for many years and never look back?
Why it had been wrong? I've seen the latest news about a wallet that has mined 50 bitcoins for one of the very first blocks. So is it wrong if somebody does that? Well, it's millions worth now.Someone said coins can die in just two years, they can also lose demand and hype under a year, so how do one hold with zero worries?.
It can die if you have held the wrong crypto. That's the essence of that opinion if it's about holding. You have to choose the best cryptos so that your holding would make sense.
You shouldn't even bag hold altcoins for 2 hours let alone 2 years. They all dump sooner or later because of a wide range of reasons but mainly uselessness. Even the biggest and most popular shitcoins such as ETH has been dumping against bitcoin for years. The only reason why they have some $$ gains is because bitcoin price went up.
Is it true that its wrong to hold coins for many years and never look back? Someone said coins can die in just two years, they can also lose demand and hype under a year, so how do one hold with zero worries?.
Depends on which 'coin' you are going to hold long term.
If this is what we call a shitcoin or meme coin, then chances are this are going to die because they are just pure hype. And because they don't have a use case, they will be just used for pure pump&dump.
But if you invest on solid coins like Bitcoin, there is a big possibility that it can multiple if you are going to hold them for at least a year or two or wait till the next bull run.
Is it true that its wrong to hold coins for many years and never look back? Someone said coins can die in just two years, they can also lose demand and hype under a year, so how do one hold with zero worries?.
It is true to some altcoins, but not true to some coins (high marketcap coins). Like bitcoin, there is nothing bad to hold it for at least 4 years, hold it for 10 years or for life time, it's value is increasing. Some people are now having some of their retirement savings in bitcoin because they know how valuable it is. It will be good to know that dealing with altcoins is like gambling.
Understand the risk and invest only what can afford to lose, this will erase any possible worries of losing the coin to devaluation someday, have a monitoring app so that if any pump happens you will take profit, don't lock away and miss any future ATH.
Is it true that its wrong to hold coins for many years and never look back? Someone said coins can die in just two years, they can also lose demand and hype under a year, so how do one hold with zero worries?.
The short history of crypto coins has shown that:
* many altcoins lost most of value or disappeared within 2-4 years
* Bitcoin investments use to need at least 3 years of holding to make sure you're on actual profit.
So, if you ask about apples and oranges without specifying more, you may get a salad, but no proper answers.
And strongly consider the checklist from the previous post if you start investing.
What "coin" are you talking about?
When investing, you need to do your own research on what you plan to buy, this involved knowing how it works and how to secure it.
Long-term investment involves holding for a couple of years or much longer, but this would only apply to assets which have actual value and which would be able to hold that value.
Majority of coins in the crypto market now do not have actual value and would be valueless in two years or less, but some have held their value for 10+ years and is still growing.
• Buy, (You can DCA)
• Store in a secure wallet
• Back up your seed phrase,
• Hodl.
When investing, you need to do your own research on what you plan to buy, this involved knowing how it works and how to secure it.
Long-term investment involves holding for a couple of years or much longer, but this would only apply to assets which have actual value and which would be able to hold that value.
Majority of coins in the crypto market now do not have actual value and would be valueless in two years or less, but some have held their value for 10+ years and is still growing.
so how do one hold with zero worries?.
• Do your research,• Buy, (You can DCA)
• Store in a secure wallet
• Back up your seed phrase,
• Hodl.
Is it true that its wrong to hold coins for many years and never look back? Someone said coins can die in just two years, they can also lose demand and hype under a year, so how do one hold with zero worries?.
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