Every investor will set his own profit target, and long-term holding may be their investment strategy.
The price of some cryptocurrencies may be rising, but they have not reached their target profit, so they will choose not to sell but continue to hold, and still hoping that the currency will continue to rise in the future and can profit from it.
Topic: Is it wrong to be a long term holder - page 2. (Read 785 times)
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
people just believe if holding longer is better despite the price is so high, or they just lazy to check their fund on internet. the best choice is sell if the price high, than wait until the price down, than buy it again plus profit you have. holder will think if that price will grow through higer before, and they sell when the price hit their desire.
actually, we have much profit if we sell and buy it again than just holding. the problem is we never know when it happen, what we know is that will happen
actually it is not wrong to hold crypto long term like btc because we know that btc is good for long term investment. there are some coins that are really good for long-term investments and short-term investments, we just need to choose them well. Personally, I will sort out which coins are good for long-term or short-term investment, so if the price has reached what I want, I will sell it. It has been said that not all coins are good for the long term, so I may choose to sell them when the price is high.
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
This is a difficult question to answer as it will depend on what are the reasons behind holding for so long, some people do not have an exit strategy, basically they were just lucky they invested in the right coin and now they have so much profits they do not really know what to do and they keep holding their coins, others are simply greedy and in the case of bitcoin maximalists they are not really interested in selling at all and will hold their coins forever.
A typical investor have a purpose for investing. Some may target to attain a particular amount before they take profit while others use time as a yard stick to determine when to take profit. Some can choose to take profit 2 years or 5 years. The reason varies. In all cases the type of crypto asset being invested on is very key in determining the success of the investment.
Long term investors in actual fact benefit more especially if they invested in a good project. They are actually the real investors because it is not easy to keep money when you can make use of for other purposes. Examples of projects that benefited long term investors include: Bitcoin, Ethereum, Binance coin, etc. Currently, there are similar emerging and promising projects that could have potential high profits for long term holding. In my opinion it is not wrong to be a long term holder.
Long term investors in actual fact benefit more especially if they invested in a good project. They are actually the real investors because it is not easy to keep money when you can make use of for other purposes. Examples of projects that benefited long term investors include: Bitcoin, Ethereum, Binance coin, etc. Currently, there are similar emerging and promising projects that could have potential high profits for long term holding. In my opinion it is not wrong to be a long term holder.
On most projects the problem is not even to be a short or a long term holder. The problem is clearly that you should not even be an investor in 95& of the currencies. Now, if you have found a good project there are different ways of going about it: You can just go in because you believe that they are building something worth and you do not care as much about your gains, so you hodl long term. You can try to make a quick buck on a possible initial pump, then you go super-short. Lastly, you believe in the team and you are willing to let the project mature, then you are looking at a couple of years. What is usually wrong is to be in the middle of these last two because that´s when project are usually at their lowest.
Lots of possibilities for guessing other people's thoughts. I think there are 3 points. first, they really believe the coin will be 1000x and will sell it when that time comes. Second, they really make the coin an asset for the future. And third, they are really greedy and obsessed with big profits. But this is all inseparable from their respective analyzes, every analysis they believe will be the way they do it.
It's not wrong, but it would be nice to be able to collaborate both in the long term and also don't lose the opportunity to glance at good coins to invest in the short term too, so what we need to study and research is how to predict the price that will be achieved as desired.
We cant predict 100% accurate, keeping some percentage of holding assets even its already reach the resistance point isnt something bad.
If all the people become seller, that point always become resistance for a very longtime and the growth of the project will be limited, i saw that on EOS people start selling after reach some resistance, its makes EOS growth really slow even though the project is great.
I also think like that but maybe those holders are very confident about the future of the token so they still believe that in the future they can make more profits, but if we find a price increase of up to 1000x it is likely to release the token to take profit because it does not it makes sense not to take profit even if only a portion of the tokens they released at the time of the increase.
It's not wrong, but it would be nice to be able to collaborate both in the long term and also don't lose the opportunity to glance at good coins to invest in the short term too, so what we need to study and research is how to predict the price that will be achieved as desired.
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
not a greed but everyone has their own target to determine profit. if the increase is not in line with the target, I think the person chooses to hold rather than take profit too quickly for an asset that is not necessarily on their target.You are right, the level of purpose in investing is the most prominent thing for the reference. that the long-term holder does not care about temporary profits, because in the future he knows what targets await him ahead. Some people try to become long-term owners but clash with daily needs, so it will be very difficult to become holders if they still rely on money from this kind of investment.
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
To answer this question perfectly, we will need to go down memory lane to those who have been holding Bitcoin for years, or let's say those who abandoned or forget their Bitcoin for a very long time only to access it recently; now imagine the worth after a very long time, this answers the question that it is not wrong to be a long term holder.
Okay, let's leave Bitcoin and move over to Ethereum, remember the price years ago, and now those who have been holding till date are still in massive profits, this also answers the question that it is not wrong to be a long term holder.
The only issue here is, knowing what to hold and what not to hold, some people hold coins which are meant for short term for long term, that is, some coins whose team pays promoters or Influencers to shill, during this period it will pump and after that period the coin or token becomes worthless.
So when one knows that only few coins are good for holding the person will understand that long term holding is actually good.
Another good example is SOL coin, I remember it was once airdropped to Binance users, some sold and look at the price today.
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
Depends on personal take and making out actions towards it because there are people who do really hold despite on seeing that they are already 1000x in profits but once those price do plummets out then its impossible that there would be no regret feelings inside but if they do really believe on the project for long term aspect then its no surprise that there are people who are really diamond hands
that wont sell their assets no matter what price had able to reach out but rather instead accumulate when it dips which it isnt really that much a surprising kind of action.
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
not a greed but everyone has their own target to determine profit. if the increase is not in line with the target, I think the person chooses to hold rather than take profit too quickly for an asset that is not necessarily on their target.Yes there are multiple reasons behind it. The coin is considered to be more worthy than its in the market now. Thats why people who bought it, are holding it for many more years as it would grow up more and they can take more profits out of it. Its a kind of confidence that the crypto currencies have made among investors. The growth will be vast than expected. And long term trade is always calm and much profitable than day trading where lots and lots of panic, chaos, emotions, loss fears and etc will really knock us down. I have experienced though.
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
not a greed but everyone has their own target to determine profit. if the increase is not in line with the target, I think the person chooses to hold rather than take profit too quickly for an asset that is not necessarily on their target.
Not wrong at all, it's 100% your choice if you want to be a short term holder or a long term holder. I think if someone choose to be a long term holder it means that person got a lot of savings and they're sure that the money they put on coins is cold, and they're not gonna need it in the certain amount of time.
I don't think that's wrong, bro, because some people will be more patient to hold their coins for a long period of time, especially if they have more than enough capital.
and it is also a technique of the holders to reap more profits, so I don't think there is greed there.
and it is also a technique of the holders to reap more profits, so I don't think there is greed there.
No doubts that investors who have good capital and understand the value of the assets that they are holding can take the longer holding.
Most of the time, investors who treats this venue as a good investment for their retirement are the one who really earned very decent compensations, it's tough but if you do have good assets inside your safe wallet (top coins), long term is really the best way to enjoy and maximize this field of investment.
Being a long term holder since 2012, I would say that I am happy with the results I got. When I invested, the exchange rate of BTC was $10 per coin. Most of the altcoins (perhaps with the exception of Litecoin) was not in existence back then. And my investment has given me ~5,000 times return. I am happy with this sort of returns. So why should I change my strategy? If I had gone with short-term investing or day trading, was it possible to get this much returns? I don't know the answer, but for me long term investment works.
Wow, a very good and inspiring example. Tracking down the record is really an awesome outcome for long-term holders.It's on your take, in choosing the right project that you believe, as you go further, entrusting your money.
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
Nothing wrong with long term holders. They who get profit, they who take the risk. What should people do maybe appreciate it. Because not all people can do long term investment which need a lot of patient while price up or down they still holding their assets until reach price that already they aimed.
Being a long term holder since 2012, I would say that I am happy with the results I got. When I invested, the exchange rate of BTC was $10 per coin. Most of the altcoins (perhaps with the exception of Litecoin) was not in existence back then. And my investment has given me ~5,000 times return. I am happy with this sort of returns. So why should I change my strategy? If I had gone with short-term investing or day trading, was it possible to get this much returns? I don't know the answer, but for me long term investment works.
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
There is nothing wrong with keep holding the coin you believe, that's just the other's opinion.
As long as you can afford to lose what you spend, then you won't have any regret.
Most people want a safer way to gain profit so they sell when the price high, but i think the profit can be higher if we hold coins/tokens that we know they are a good coins/tokens although it is risky.
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