If you want a long-term profit, you can invest in altcoins. either at all in ripple
Topic: Keep your bitcoins for at least five years (Read 618 times)
within the next five years will certainly occur a considerable change in the crypto. If you see a chart of the previous few years certainly did indeed increase the bitcoin quite exceptional in five years. However, it could also be a question of whether to hold five stands amid many distractions that surely there must be some. When can certainly consistent big results can be obtained.
The question is how safe is your Bitcoin stored for 5 years.
Considering this is a lot of clever hackers and start looking for loopholes to steal Bitcoin in the Bursa wallet.
Considering this is a lot of clever hackers and start looking for loopholes to steal Bitcoin in the Bursa wallet.
Awesome article and advice. IF you pick the correct coins and hold long term you will make immense gains. The beauty of this horrible market is if your looking ot build long term positions and you are able to pick quality, long term you will only win with this strategy.
Your analysis is correct, if you take a long position in bitcoin you will definitely profit eventually, the problem is that you will have to wait for a very long time for that to happen and many people simply do not have the patience to hold her coins for that long especially when their expectations about this market were of making a fortune in just a few weeks or months.
I agree with you that keeping bitcoin will be profitable. But do we have the patience to hold it for five years? To me it is very difficult to keep a coin for too long. When the market continuously decreases, our will, patience decreases.
It is a good idea and btc will be the king of the marekt for a long time. We can hold them for quite long and we will find the suitable profit in the coin. It will be the leader of the future bull market.
Keeping my bitcoins for five years, Maybe i'm going to become a rich person on that.
But it was too long to keep our bitcoin maybe we can sell it early if the price of the bitcoin be going crazy and be reach to price of $20000 that was high value ill can see through my eyes.
But it was too long to keep our bitcoin maybe we can sell it early if the price of the bitcoin be going crazy and be reach to price of $20000 that was high value ill can see through my eyes.
keeping bitcoin for at least five years for advanced crypto users is not practically possible, except the person will forget the password to his wallet and totally try to forget about crypto generally, that's the only way one can keep bitcoin for atleast five years
As a matter of fact, this is not much different from my plan, as I also plan to hold my tokens and coins for at least 3 years and I tried to invest in top coins and coins with good projects that will be able to survive in the future.
That is a good strategy because you don't need to check the market whether it is dumping or pumping. Many long term investors did you that and Bitcoin never failed them. It is far more better than investing in stock market because it has more potential to get a bigger profit.
Buy and hold longer will give you good profits as the price of bitcoin is predicted that this will rise higher in the future. The only problem here is to test your patience while the market price is keep on falling. Your money will be trap with the bearish situation as you can't withdraw unless you will sell it in losing price. Waiting for five years is a quite longer as the price is too volatile. Don't be too greedy the market changes everyday.
I do not agree with this. I think the bitcoin price will not increase in 5 years. You will lose a lot of money when you keep the bitcoin too long. You should keep bitcoin for a year.
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Altcoins won't fail if Bitcoin starts to fail they're not related except for the price.
Altcoins won't fail if Bitcoin starts to fail they're not related except for the price.
Yet the trend tell it all.
1. Bitcoin pump, altcoin dump
2. Bitcoin dump, altcoin dump more
Since bitcoin is dominating the cryptos, when investors see that bitcoin is struggling and fuds are spreading, they easily loss trust and dump their altcoin. Though when bitcoin pump, they sell their altcoin and diversify more in bitcoin.
The crypto market is a very profitable market despite everything, i think it's worth the wait.
Yeah after all, it's profitable unless someone here is a FOMO and bought at $19k.
Cryptos are unpredictable and so the price of bitcoin. Good thing I sell my eth last month and buy more bitcoin or unless I'm doomed now.
5 years in holding for Bitcoin is not pretty bad but you aren't profitable if you just keep on holding. It is better if you invest some of it into other coins while holding on it. Bitcoin market trend isn't good now but it rebound soon for sure.
After some time, you will see that the total number of bitcoin transactions will fall, as people will use it more to store savings, because it is known that if it fails, then all cryptocurrencies will fail.”
You're right in the future the total number of Bitcoin transaction (on chain) will be reduced because of the lightning network.Bitcoin won't fail just because of the reduced transactions. Bitcoin can maintain a high demand regardless of the total transactions.
If we see more people buying more Bitcoin in the future only to hold it for at least 5 years then how is Bitcoin going to fail since they won't be dumping any of their investment.
Altcoins won't fail if Bitcoin starts to fail they're not related except for the price.
He may be right but I guess there will be a king of all platforms. Probably nem could be number 1 as I can see they have they best smart contracts and they are number 4 https://www.rise.global/blockchain-100/r/2585477 but if you think bitcoin will rise more than we expect then go buy. I think all materialized if crypto are on mainstream. Believe me anything is possible.
I am keeping my Bitcoins for over than 4 years now and I am planning to do so in the next years that are coming. I think Bitcoin is not an investment for short terms, it is long time investment and especially now, market needs to be recovered again, then we can talk about earning big bucks and making a profit of a lifetime.
The crypto market is a very profitable market despite everything, i think it's worth the wait. Those who want to make a good profit on a traditional market say they have to wait an average of ten years. We will just try to choose the right cryptocurrencies.
Recently, San Francisco hosted a financial conference MoneyShow, where the speaker was the well-known analyst Charlie Schrem. He believes that those who invest in cryptocurrencies need to keep their investments for at least five years.
"Choose something from the top 10 or top 20, choose carefully, study and then invest. Any cryptocurrency that you buy, keep at least five years. Just fix your portfolio for this period. There is a high probability that its value will grow during this period, as bearish and bullish trends in the market usually last about 2 years.”
Cryptocurrencies are the most volatile asset of all known. Daily growth or fall of 10% has become the norm, and similar movements of 90% for the year are still possible, at least so showed the current and previous bear markets.
And although bears sometimes take precedence over the crypto market, but every two or three years there is still a rally that takes bitcoin and other cryptocurrencies to new heights. Thus, if investors follow the advice of Shrem, they are likely to earn.
Schrem was one of the first crypto-enthusiasts. He started investing in bitcoin back in 2011 and is a co-founder of the Bitcoin Foundation. In addition, he founded BitInstant crypto-exchange, which held 30% of all trading volumes in 2013. It even invested Roger Ver and the Winklevoss Brothers, but later she was forced to pay a fine of $1 million for the fact that someone used bitcoin to buy illegal psychoactive substances on Silk Road. Because of this, he also spent a year in prison.
But despite all this, he remains an ardent supporter of bitcoin and is now the head of crypto.iq-a company that gives investment advice and provides the necessary resources. He believes that the emergence of more than a thousand new cryptocurrencies is undoubtedly a good thing, but bitcoin will always be the king of the crypto market.
"These 1600 koin are "guerrilla marketing". They all appeared on everything ready, built by bitcoin in the first days of its existence. They entice people, they care about them, but bitcoin will always be a "daddy": the gold, in which most of the crypto-investors keep most of their portfolio. After some time, you will see that the total number of bitcoin transactions will fall, as people will use it more to store savings, because it is known that if it fails, then all cryptocurrencies will fail.”
I do agree of the idea of holding for a long period of time but be realistic and do not expect of that much increase just because it is a 5 long years. Keep in mind that consistency is lacking on every crypto so increase won't be totally comtinuous. Given that cryptos are being adapted by different countries, issues may suddenly appear as years are passing by which may be against the cryptoindustry or may also be in favor for it. "Choose something from the top 10 or top 20, choose carefully, study and then invest. Any cryptocurrency that you buy, keep at least five years. Just fix your portfolio for this period. There is a high probability that its value will grow during this period, as bearish and bullish trends in the market usually last about 2 years.”
Cryptocurrencies are the most volatile asset of all known. Daily growth or fall of 10% has become the norm, and similar movements of 90% for the year are still possible, at least so showed the current and previous bear markets.
And although bears sometimes take precedence over the crypto market, but every two or three years there is still a rally that takes bitcoin and other cryptocurrencies to new heights. Thus, if investors follow the advice of Shrem, they are likely to earn.
Schrem was one of the first crypto-enthusiasts. He started investing in bitcoin back in 2011 and is a co-founder of the Bitcoin Foundation. In addition, he founded BitInstant crypto-exchange, which held 30% of all trading volumes in 2013. It even invested Roger Ver and the Winklevoss Brothers, but later she was forced to pay a fine of $1 million for the fact that someone used bitcoin to buy illegal psychoactive substances on Silk Road. Because of this, he also spent a year in prison.
But despite all this, he remains an ardent supporter of bitcoin and is now the head of crypto.iq-a company that gives investment advice and provides the necessary resources. He believes that the emergence of more than a thousand new cryptocurrencies is undoubtedly a good thing, but bitcoin will always be the king of the crypto market.
"These 1600 koin are "guerrilla marketing". They all appeared on everything ready, built by bitcoin in the first days of its existence. They entice people, they care about them, but bitcoin will always be a "daddy": the gold, in which most of the crypto-investors keep most of their portfolio. After some time, you will see that the total number of bitcoin transactions will fall, as people will use it more to store savings, because it is known that if it fails, then all cryptocurrencies will fail.”
We have to hold our coins for years (if not trading with them) as bear market can last for years. We had that situation from from 2013-2017 and now we have it for 8 months. So, we have to be prepared for long run and be patient.
Of course we should be prepared all the time.But i think the bear market won't really lasts that long because i still believe that before this year ends,the market will have a good condition already.Holding bitcoins for five years might give us huge profits already in the future. Jump to: