Sounds pretty attractive. Any particular devices to have a look at?
My own favorites are Antiminer S17 and T17, but better have a look at other devices as well. To choose the one that suits you the best
Topic: How to prepare for long term HODL - page 20. (Read 8767 times)
My own favorites are Antiminer S17 and T17, but better have a look at other devices as well. To choose the one that suits you the best
An interesting explanation by OP. Don't forget the most important thing: mentality. Holders will experience many tests to hold or sell coins/tokens when price fluctuations occur. If you do not hold it, you are afraid of losing opportunities for greater profits and vice versa. So both fundamental and technical analysis strategies are needed to form trust in holding tokens/coins.
I recommend you to have a look at Asicequipment, they are having a wide range of different devices + international delivery
Sounds pretty attractive. Any particular devices to have a look at?
And where did you choose the equipment? Can you give an advice in here, please?
I recommend you to have a look at Asicequipment, they are having a wide range of different devices + international delivery
I agree point 1,2 and 4 but for point number 3, real use case, this is not very important because in my view many altcoins with no real use case but can survive, because their community is big. So maybe number 3 is community. And you forgot the most important for long term is patience
Yes, of course. That's why I am sharing my opinion on this topic 
And where did you choose the equipment? Can you give an advice in here, please?
For sure makes sense. And have you ever tried mining on your own?
Yes, of course. That's why I am sharing my opinion on this topic
No doubt here. Just more parameters to be evaluated. For example, cost of electricity etc + price of equipment. This is the example for mining
For sure makes sense. And have you ever tried mining on your own?
Hmm, might be so.. But anyway it is a rather interesting alternative
No doubt here. Just more parameters to be evaluated. For example, cost of electricity etc + price of equipment. This is the example for mining
Evening there mate. This is indeed a good question. In my opinion, trading and mining requires much more knowledge
Hmm, might be so.. But anyway it is a rather interesting alternative
And do you guys only consider holding? Why not trading or mining, for example?
Evening there mate. This is indeed a good question. In my opinion, trading and mining requires much more knowledge
And do you guys only consider holding? Why not trading or mining, for example?
I think that long-term holding cryptocurrency can afford people who have another good income. They may not respond to the fall of the market and do not sell cryptocurrency due to lack of money for current expenses
Long term holders know how to protect the balance form the market flow in case of random flash news change the fundamental market trend. Prepariotn period is necessary for the new investors, pro investors choose the project with the experience.
With all the respect to you i must admit that you're too wrong. You should never advice any body because you're just selling words and not facts. What's wrong about hodling or investing in the virtual coins that have no "real" use case? I must say that there's alot of highly risked assets there but there's also other projects "with no real usecase" at the moment but they have made up millionaires, look at "Verge", it was useless one day but it made a poor guy become a millionaire.
https://www.reddit.com/r/vergecurrency/comments/7kc3xf/i_just_became_a_millionaire/
Rethink about that.
In my opinion, the Redditors do not honestly write their real story, there is shady financial speculation behind such millionaires. Inside trading is the perfect example but catching those who leak information to the group of traders is very hard, almost near to the impossible if they repeat this for years.https://www.reddit.com/r/vergecurrency/comments/7kc3xf/i_just_became_a_millionaire/
Rethink about that.
Yes, you do have a point but that was a simple example, remember the shitcoins that made up millionaires such as Doge with it totally useless, it is getting the trust because it was an OLD coin. There's a bunch of projects that could make you a millionaire if you trade wisely and take the risk and with a little bit of luck and alot of skill, you can make the impossible
. 
Long term holders know how to protect the balance form the market flow in case of random flash news change the fundamental market trend. Prepariotn period is necessary for the new investors, pro investors choose the project with the experience.
With all the respect to you i must admit that you're too wrong. You should never advice any body because you're just selling words and not facts. What's wrong about hodling or investing in the virtual coins that have no "real" use case? I must say that there's alot of highly risked assets there but there's also other projects "with no real usecase" at the moment but they have made up millionaires, look at "Verge", it was useless one day but it made a poor guy become a millionaire.
https://www.reddit.com/r/vergecurrency/comments/7kc3xf/i_just_became_a_millionaire/
Rethink about that.
In my opinion, the Redditors do not honestly write their real story, there is shady financial speculation behind such millionaires. Inside trading is the perfect example but catching those who leak information to the group of traders is very hard, almost near to the impossible if they repeat this for years. https://www.reddit.com/r/vergecurrency/comments/7kc3xf/i_just_became_a_millionaire/
Rethink about that.
Note: This is not about how to identify good coins to HODL
This is about how you can be a good long term holder
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.
2. Not all altcoins are good for long term holding
Some altcoins are too weak to have better value overtime,these coins only add value to price once in a blue moon,WHY?because the power of demand is too low and they have no working product,i belief that working product is what makes a coin have many more investors
3.HODL Only Altcoins With Real Use Case
There are different categories of coins with use cases,many use case are weak use case,for example using fashion designer to back a token is a weak use case to me because it means you can only use the token to buy the designer wears and many will call this a real use case? no it wont do very well.
Make sure that the real use case of every altcoins you hold will be very reasonable,the products backing them up must be something that is different and will catch the eye of investors,the usefulness must be outstanding .
4. Stay Updated Always
Opportunity comes but once as many know it,so always stay updated about crypto,read crypto news online and keep tracks on your altcoins so that you wont miss future updated or even token swaps,some altcoins i hold have already switched to MainNet and im glad i dont missed the opportunity,you can use blockfolio app to track your altcoins.
Altcoin season is what many are waiting for,even new projects are waiting for altcoin season to return before they get listed on exchanges,im sure of one thing and that is good things dont come easily,today is bitcoin turn to reign and one day altcoins will have its day as well.
This is about how you can be a good long term holder
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.
2. Not all altcoins are good for long term holding
Some altcoins are too weak to have better value overtime,these coins only add value to price once in a blue moon,WHY?because the power of demand is too low and they have no working product,i belief that working product is what makes a coin have many more investors
3.HODL Only Altcoins With Real Use Case
There are different categories of coins with use cases,many use case are weak use case,for example using fashion designer to back a token is a weak use case to me because it means you can only use the token to buy the designer wears and many will call this a real use case? no it wont do very well.
Make sure that the real use case of every altcoins you hold will be very reasonable,the products backing them up must be something that is different and will catch the eye of investors,the usefulness must be outstanding .
4. Stay Updated Always
Opportunity comes but once as many know it,so always stay updated about crypto,read crypto news online and keep tracks on your altcoins so that you wont miss future updated or even token swaps,some altcoins i hold have already switched to MainNet and im glad i dont missed the opportunity,you can use blockfolio app to track your altcoins.
Altcoin season is what many are waiting for,even new projects are waiting for altcoin season to return before they get listed on exchanges,im sure of one thing and that is good things dont come easily,today is bitcoin turn to reign and one day altcoins will have its day as well.
and, do not forget to choose a coins with smart and strong team buddy
because the key from a good cryptocurrency for long term is depends on their team too
With all the respect to you i must admit that you're too wrong. You should never advice any body because you're just selling words and not facts. What's wrong about hodling or investing in the virtual coins that have no "real" use case? I must say that there's alot of highly risked assets there but there's also other projects "with no real usecase" at the moment but they have made up millionaires, look at "Verge", it was useless one day but it made a poor guy become a millionaire.
https://www.reddit.com/r/vergecurrency/comments/7kc3xf/i_just_became_a_millionaire/
Rethink about that.
https://www.reddit.com/r/vergecurrency/comments/7kc3xf/i_just_became_a_millionaire/
Rethink about that.
To prepare a long term hold, you must join in any of the bounty campaign while waiting for the good profit to the coin you hold.
With this things you have some at least source of income to get and something like you are savings altcoins for the future, just make sure
the project is promising and has a potential to increase in the future. or you can do also a day trade in any of the exchange platform.
Bounty campaign, do you think everyone that you see here are all interested in bounty campaign, not everyone you see is an hunter, we have so many people on this forum that would rater just use their money to invest than to join bounty and then waste some of their time doing some projects that will not even pay them and give them more tension when they would have easily committed their time into doing other things.With this things you have some at least source of income to get and something like you are savings altcoins for the future, just make sure
the project is promising and has a potential to increase in the future. or you can do also a day trade in any of the exchange platform.
It is investment that you make, and then go away into the world out there to look for other opportunities that could earn you money while you just watch once in a while to monitor the progress of the crypto investment, other than traders, it is only lazy people that I see watching the market every day for bitcoin to double that small change they have in there.
Long term HODLers usually buy the cheap in order to sell at the surged prices, there is no plan, just buying the potentially valuable coins for the cheap price will do the job. Longstanding price swings are more reliable than daily running behind the scalping on the crypto market.
The main problem is to understand which coins you have to hodl. We know a lot of situations when tokens gained so greatly that investors used to become rich people ( I mean really, serious investments here). It is very difficult to predict which of the projects will work and calculate the potential gainers.
As for another source of income, I totally agree here.
The shitcoins are the common problem of the crypto ecosystem, there is no exit for both the shitcoin owners and invested people. Knowing what to buy forces the investor to separate the reliable and counterproductive coins of the projects.
Totally agree with you
The only thing I want to emphasize is number 3
3.HODL Only Altcoins With Real Use Case
There's no better tip than this one, people and devs write some beautiful whitepaper, launch a coin and try to sell to another people, but they can't asnwer the simple question: What problem you coin will solve?
They only want to lauch a coin, not solve anything, so it's not valuable in a future
The only thing I want to emphasize is number 3
3.HODL Only Altcoins With Real Use Case
There's no better tip than this one, people and devs write some beautiful whitepaper, launch a coin and try to sell to another people, but they can't asnwer the simple question: What problem you coin will solve?
They only want to lauch a coin, not solve anything, so it's not valuable in a future
The main problem is to understand which coins you have to hodl. We know a lot of situations when tokens gained so greatly that investors used to become rich people ( I mean really, serious investments here). It is very difficult to predict which of the projects will work and calculate the potential gainers.
As for another source of income, I totally agree here.
The shitcoins are the common problem of the crypto ecosystem, there is no exit for both the shitcoin owners and invested people. Knowing what to buy forces the investor to separate the reliable and counterproductive coins of the projects.
Long-term HODL must understand about the potential of Altcoin that we hold. If it's a potential Altcoin, it will benefit us later. But if Altcoin is bad, then we will lose our time and assets. Before doing HODL, we must understand very well with Altcoin that we will invest in.
Yes, before one will embark on long term investment, he must see a good case use for the product created from the project before invest. One other issue raised by the OP that's more important is that, one much have another source or sources of income before invest on a long-term HODL. Jump to: