Topic: How to prepare for long term HODL - page 10. (Read 8781 times)
There are a few altcoins I plan to buy for my long-term portfolio. but they need more time. I also think that without BTC there is no long-term investment portfolio.
Also you should ignore all the rumors out there it can distract you. A man with a huge patiance can hold for a long time & i think choosing a safe coins is a good option. There are few stable coins right now. If im going to hold i will choose that stable coins.
Or much netter would be to not believe in them and do some research to find the truth on your own. This is the biggest problem of people nowadays. They do not work hard or try to achieve their goals on their own. Relying on others for one’s own success makes no sense at all. Crypto currencies are beneficial when they are unstable. Stability kills their benefit producing trait. Besides, there is no risk in investing in bitcoin.we have to prepare for whatever happens, working as a cryptocurrency trader is very fun and I can't leave it behind,
if you intend to make it long-term make sure the money you make investments is meaningless to you
Also you should ignore all the rumors out there it can distract you. A man with a huge patiance can hold for a long time & i think choosing a safe coins is a good option. There are few stable coins right now. If im going to hold i will choose that stable coins.
Or much netter would be to not believe in them and do some research to find the truth on your own. This is the biggest problem of people nowadays. They do not work hard or try to achieve their goals on their own. Relying on others for one’s own success makes no sense at all. Crypto currencies are beneficial when they are unstable. Stability kills their benefit producing trait. Besides, there is no risk in investing in bitcoin. 
For long term investment, always hodl Bitcoin is the first rule.
And then about your statement: "You must have another source of income" absolutely right. You need to create other outcomes to maintain your daily life and savings.
Don't put all eggs in the same basket. Invest in some other cryptocurrencies other than Bitcoin. Ethereum, EOS, BNB is one of these.
You're right. This market is not so easy to survive because the downtrend during the past few years is causing a lot of tired investors and some people have left this market this year. I think it is necessary to have a new investment strategy and currently Bitcoin is the safest investment that people should consider more. During this time there are not many good options for investors so it is best to just hold Bitcoin. And then about your statement: "You must have another source of income" absolutely right. You need to create other outcomes to maintain your daily life and savings.
Don't put all eggs in the same basket. Invest in some other cryptocurrencies other than Bitcoin. Ethereum, EOS, BNB is one of these.
I agree with your points. Although hold is a fairly simple strategy, but still not everyone can correctly apply it. So you're completely right.
The best way to prepare for long term Hold is by first checking on project working products and road MAP, check on the team wether they are really real, check the social handles, check exchanges where the coins are trading with your research you will dictate fake and real projects and projects for long term HODL
Thanks for the describing very easily which is everyone can able to understand. I concern with your first point because it's very realistic. Without another source of income you will never survive to holding in cryptocurrency. Because there are no guarantee you can make profit in the specific deadline and all of the cryptocurrency isn't enough liquidity for the long term investment.
The best way to prepared is by start collecting top coins that can live long like bitcoin or ethereum. Start saving it and you might be surprise what will happen after a long time collecting this coins. Do not pick a new token as ut was very risky to fall down so quickly. Better do some research before invest something and good luck to you.
1. You must have another source of income
Either in crypto space or outside crypto space you must have other source of income,there was a time when i used to rely on coins i hold for monthly income but most time they failed me because some altcoins takes more than a month to add value. You can learn trading or find a better job to get constant income for your daily needs.
this is the top priority as a long-term holder, I see many people holding altcoin but they don't have other jobs, I work as a trader and also work part time sometimes every profit and income that I buy little by little altcoin that I want to invest in the long termEither in crypto space or outside crypto space you must have other source of income,there was a time when i used to rely on coins i hold for monthly income but most time they failed me because some altcoins takes more than a month to add value. You can learn trading or find a better job to get constant income for your daily needs.
my advice for holders is better not to hold altcoin for too long if you just hold and wait especially you don't work at all to get other income
Also you should ignore all the rumors out there it can distract you. A man with a huge patiance can hold for a long time & i think choosing a safe coins is a good option. There are few stable coins right now. If im going to hold i will choose that stable coins.
Yes, to keep long their coins need to have very large patience. This strategy is not suitable for everyone, because while holding a coin, you can make many mistakes due to lack of patience or nerves.
preparing research is the beginning before starting investment, if you already have research that you think is strong then you will be confident in holding. always make a few plans because when an investment runs there are usually a few mistakes and therefore at least two plans are needed
Yes, to keep long their coins need to have very large patience. This strategy is not suitable for everyone, because while holding a coin, you can make many mistakes due to lack of patience or nerves.
preparing research is the beginning before starting investment, if you already have research that you think is strong then you will be confident in holding. always make a few plans because when an investment runs there are usually a few mistakes and therefore at least two plans are needed I agree with the statement that not all altcoins are on long-term detention. because only a few altcoins are good for long-term hold. we must be really smart and careful in analyzing a coin before we plunge into it
in the long term, it is better to choose altcoin with a developer who actually runs, for example, ethereum, xrp, waves, litecoin, xmr, crpt, pundiX, etc., we must know whether the project is active or not, if you buy BCH, or Doge for the long term I think you have to think two times
Yes, to keep long their coins need to have very large patience. This strategy is not suitable for everyone, because while holding a coin, you can make many mistakes due to lack of patience or nerves.
For long term investment, always hodl Bitcoin is the first rule.
And then about your statement: "You must have another source of income" absolutely right. You need to create other outcomes to maintain your daily life and savings.
Don't put all eggs in the same basket. Invest in some other cryptocurrencies other than Bitcoin. Ethereum, EOS, BNB is one of these.
And then about your statement: "You must have another source of income" absolutely right. You need to create other outcomes to maintain your daily life and savings.
Don't put all eggs in the same basket. Invest in some other cryptocurrencies other than Bitcoin. Ethereum, EOS, BNB is one of these.
I think what needs to be prepared when we are going to invest long term is patience and also emotional stability. Price movements in the market are very fast moving, without patience and emotional stability, we will easily panic and be able to sell our tokens at low prices. In my opinion, the best way to buy tokens or coins that interest us and store them in our own wallet and forget about it for several years
If you want to forget when investing, you should only choose some safe coins like Bitcoin for long term investment and will greatly reduce your risks in the near future. At this point, any investment should be considered multiple times and the downtrend in recent months has made things more difficult to predict. One way or another, you must always manage your assets the best because if that coin is not able to rise well, your profits will be greatly reduced.Currently, I recommend holding for at least 3 years and if during that time you cannot make a profit then you should give up and switch to investing other coin.
I agree with the statement that not all altcoins are on long-term detention. because only a few altcoins are good for long-term hold. we must be really smart and careful in analyzing a coin before we plunge into it
in the long term, it is better to choose altcoin with a developer who actually runs, for example, ethereum, xrp, waves, litecoin, xmr, crpt, pundiX, etc., we must know whether the project is active or not, if you buy BCH, or Doge for the long term I think you have to think two times
we must resist the rumors, the false news and at the fomo and not sell at a loss but resist and make a long-term hold strategy until the market returns to a bull phase, of course the risk that the altcoins will be delisted from all the exchanges or not worth nothing it is real but actually very remote,certainly choosing altcoins with a solid structure, with a project with a future on the market can help...
I agree with the statement that not all altcoins are on long-term detention. because only a few altcoins are good for long-term hold. we must be really smart and careful in analyzing a coin before we plunge into it
in the long term, it is better to choose altcoin with a developer who actually runs, for example, ethereum, xrp, waves, litecoin, xmr, crpt, pundiX, etc., we must know whether the project is active or not, if you buy BCH, or Doge for the long term I think you have to think two times
We should always be careful with it, altcoins are good too, but it is up to which coin you would like to have. Still good to hold is Bitcoin and Ethereum for me, for the rest you can do your part which coins you would love to hold in the long run, for altcoins, aside from Eth, would just love to hold some altcoins in short term as I don't have much time to check their activities and price action. So, I prefer few coins than being too aggressive.
I agree with the statement that not all altcoins are on long-term detention. because only a few altcoins are good for long-term hold. we must be really smart and careful in analyzing a coin before we plunge into it
in the long term, it is better to choose altcoin with a developer who actually runs, for example, ethereum, xrp, waves, litecoin, xmr, crpt, pundiX, etc., we must know whether the project is active or not, if you buy BCH, or Doge for the long term I think you have to think two times
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