Is it wrong to be a long term holder

livingfree

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I earn with DIVI, it is a currency that has really given me joy in the short term, I keep buying to have a masternodes and increase my earnings, I obtain passive income which will allow me to be calm for my retirement and that is not greed that is to think about long term and secure a better future ... I found it with my earnings with DIVI.

Masternodes are long in ROI.

But if you're earning as you say with that coin then that's so much better for you. But as a retirement, there's still the doubt that it can happen for this coin.

Still, wish you luck holding that but it's still better to hold long term coins that are known.

Fivestar4everMVP

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Quote from: Bitbtc8 on September 10, 2021, 01:12:23 PM

Why do people refuse to take profits when their coins and tokens are surging so high? Should this be called greed or they simply have strong believe that the coins and tokens will worth more in future? Is it wrong to keep holding coins even when they bring 1000x profits cos everyone seem to be talking about 'greed' here and there

Holding a coin for a very long time without selling or taking profit is not a crime, but whether it be greed or not depends on the individual's mindset and reason for holding the coin that long, people have different plans and strategies by which they wanna make good profit off their investments, we can consider the stock market as an example, people buy shares of a company and hold it for several years, some even die while waiting for their shares to somehow bring in some tangible profit, they die and their children gets to inherit the shares as part of property left to them by their parents.

Today, there still a great opportunity in crypto where we buy a coin as investment and are already in profit almost immediately or in a couple of days, and ones you are in profit, people expects you to sell, but when you decide to hodl, they call it greed, this shouldnt be so, we all have our different ways of how to make money, which ever way one chooses is the way that seem right to him or her.

carlfebz2

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Quote from: MaiQwaN on September 14, 2021, 02:08:35 PM

The cryptocurrency world is still too young and has a huge potential for its development. If I have good coins I don’t want to sell them now because I believe in their growth potential. Moreover, I do not have so much free time to trade every day.

Doesnt really need for you to trade up everyday because there were traders who do just simply make out some movement basing with some reversal pattern and only those active or day traders which do really
make out engagement on daily or active basis which not everybody could really able to do so.

A decade time? I dont really consider this to be too young but rather i do have impression that we are already in the middle of such adoption but we do have our own choices and beliefs on our mind
then it wont really be that much a problem.

Do whatever you do want as long you do see that it is really on your advantage.

MaiQwaN

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The cryptocurrency world is still too young and has a huge potential for its development. If I have good coins I don’t want to sell them now because I believe in their growth potential. Moreover, I do not have so much free time to trade every day.

criket

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Quote from: CapGelatik on September 14, 2021, 10:52:05 AM

That's true and that's why every opportunity there is to make a profit I think we should make the most of it,
after all it is not easy to be able to make a profit in investing besides the risk of losing money is also quite large

that's a dilemma. between opportunity and planning.
in long-term investment, of course, we must be strong in determining assets and planning. Opportunities come when bull and hype, it can bring long-term investors into panic and change the plans that have been obtained.
Most people think realistically about the benefits of getting in the pump. but some are thinking about project development and the value of the assets in the future.

BayAngelo

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for you to succeed in a Long term holder, you need to have a side gig. a side business or a full time job. else i don't think you can deal with temptation of not selling whenever the market makes a good move. it is certain that been a long term holder is okay and benefiting but you might loose it when you see your investment plummet after the long wait. i invested in cover and now, it is gone.

Mpamaegbu

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Quote from: Bitbtc8 on September 10, 2021, 01:12:23 PM

Why do people refuse to take profits when their coins and tokens are surging so high? Should this be called greed or they simply have strong believe that the coins and tokens will worth more in future?

Honestly, I don't want to call it greed completely. Even though there's an element of greed in it somewhere. If those hodling knew that a token they hodl would crash, of course they would be the first to dump it. But then crypto is full of uncertainties, so we keep expecting more with bated breath. Ideally, I want to see it as the second option – "believe that the coins and tokens will worth more in future" part. Yes, no one sells off a token they are certain will be worth more in future. Those who sold Bitcoin when it touched $1,000 would still be hodling if they knew it would get to $60,000+ in less than four years. We only get wiser on hindsight. I have held a token that did over 1000% and didn't dump it because I expected more. Sadly, the more didn't come as the project ran into murky waters and I ended up selling at a way below price.

Quote from: Bitbtc8 on September 10, 2021, 01:12:23 PM

Is it wrong to keep holding coins even when they bring 1000x profits cos everyone seem to be talking about 'greed' here and there

Well, it depends on your target. Nothing is cast in stone in crypto, just like every other trading activities.

CapGelatik

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Quote from: Sir Legend on September 14, 2021, 10:21:23 AM

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It's good, if you invest it in a solid crypto, in my case I get attractive passive income with Divi Staking

The purpose of investing is for profit, if with a long term hold we can profit then I will do this, there are always people who judge we are wrong in acting and I hope this is not a FUD that can drop crypto prices quickly.

That's true and that's why every opportunity there is to make a profit I think we should make the most of it,
after all it is not easy to be able to make a profit in investing besides the risk of losing money is also quite large

Sir Legend

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It's good, if you invest it in a solid crypto, in my case I get attractive passive income with Divi Staking

The purpose of investing is for profit, if with a long term hold we can profit then I will do this, there are always people who judge we are wrong in acting and I hope this is not a FUD that can drop crypto prices quickly.

marilynmanson21

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there is nothing wrong with holding tokens / coins in the long term, usually people who hold coins for the long term are people who have already made a profit of 10-50% of their initial capital so that person has a target to achieve further profits
and we can't say we're greedy, because we have a sales target to achieve profit

hidingyou

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I gets profits, promising profits when I'm long terming, however it test my patience and understanding even when things get rough and tough like FUDDers out there who don't believe and convince you
to do the same as them, panic selling.But I don't put all in long-term because I love exploring other things like short term trading e.s. daytrading it promise fast profits with bigger risk.

nemey

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In my opinion, the biggest enemy of crypto trading is not yourself. Greed often makes people forget the land. When they feel profit, they immediately buy or sell without doing analysis. And finally lost.
Therefore, learning to trade crypto is actually how to learn not to be greedy but indeed Cryptocurrency is for investment. It's called a long term investment. So, don't rush to sell when the price goes up. Do not rush to buy if the price drops. Determine carefully because this is not for the short term but long term.

wissy

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Quote from: Bitbtc8 on September 10, 2021, 01:12:23 PM

Why do people refuse to take profits when their coins and tokens are surging so high? Should this be called greed or they simply have strong believe that the coins and tokens will worth more in future? Is it wrong to keep holding coins even when they bring 1000x profits cos everyone seem to be talking about 'greed' here and there

Like everything else in crypto, its very hard to predict the right time and the right token to sell. I think we have all been on both sides of that when we either missed our chance to sell on the top and then token crashed, or we sold too early. Either way, this game is not for weak minded.

swogerino

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It depends on the person point of view.If for example people want to collect Ethereum until it hits 10.000 dollars there is nothing wrong on holding Ethereum really long.If you are in for a quick profit then you can think that it is wrong to wait longer and you for example sell at 3900 dollars if you got it mining or you bought it for cheap.Personally I am holding Bitcoin since 2016 and didn't sell at the all time high of the end of 2017 nor in 2020.I am doing the same with Ethereum right now and I plan to sell it in December 2021-February 2022 where I hope the price will increase a lot.

Wong Gendheng

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Quote from: monig on September 14, 2021, 12:14:13 AM

It depends on everyone's strategy.Most of the people set a target and do not go behind it.If the project is good then there is no objection in long term holding.
If the price goes up and doubles, it's a good step to get your capital out of it.
The rest is up to you to hold as long as you want.

As long as the development of the team and community of the coins we have is good and promising then holding for the long term is better, some projects that have a strong team and financial support such as TRON, Cardano, and Crypto are certainly coins that I will invest in long term because I'm sure it will continue to skyrocket.

indo1

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Usually it happens because of greed itself. and once we see a coin that jumps so high we keep hold of it. Usually things like this will end up regret because we will see a drastic drop afterwards. Then we'll panic and sell it. It will only make a loss.

monig

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It depends on everyone's strategy.Most of the people set a target and do not go behind it.If the project is good then there is no objection in long term holding.
If the price goes up and doubles, it's a good step to get your capital out of it.
The rest is up to you to hold as long as you want.

xSkylarx

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One of the obstacles when it comes to being a long-term holder is when we see bad news that causes our assets to go down. There we think to sell it first and we only get a small profit or even a loss because at that time the price of our assets dropped. But, if you believe strongly in the project for the future. You don't have to check it all the time.

Those who are new to holding or new to this will most likely run into this issue. If you have been holding bitcoin for a long time, you will notice that it is only a temporary situation, as the price of bitcoin will always rise, no matter how terrible the days are. It's difficult to just forget about it and not keep track of its price because it's your investment, but the best thing to do is strategize or plan ahead of time when you'll sell and when you'll stop so you can think twice before selling or holding it.

DonFacundo

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It is not wrong to be a long term holder some investors really prefer to hold for long because they believe the project that it might increase the price in the future. I know it is risky especially investing in the new project but if that is their strategy to earn more profit then good luck to them. We have different strategy to make profit from cryptos just make sure that we investing a good project.

Sithara007

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We need to find the middle ground. Holding on to all of your coins for the next 20 years is not something that I would recommend. At the same time, I wouldn't prefer selling the coins, as soon as it spikes by 20%. Both the strategies are wrong. And different strategies need to be adopted for different coins. For coins such as Bitcoin and Cardano, the strategy should be to keep most of the holdings to long term. On the other hand, if you are investing in BNB or Doge, then there is a need to book profits at regular intervals to reduce the risk.

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