LONG TERM INVESTMENT REMAINS THE BEST

tvplus006

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Quote from: BayAngelo on October 09, 2021, 12:42:35 PM

...
a 200usd investment on Fantom at Mid April Now worths 200,000usd.
a 200usd investment on solana at same time worth over 62,000
same can be said of AXS and so many others. go for long term...

This statement will be true if the coins were correctly selected for long-term investment. And you gave an example of exactly such right investments. But there are also not such profitable coins, from holding which you can get a small profit or even a loss.

rosemariefrancis

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Holding new coins is risky as it may drop to a cent. It's better to hold old coins since they have constantly been pumping over the past few years.

suzanne5223

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Quote from: Mpamaegbu on October 19, 2021, 02:30:03 AM

Quote from: pooya87 on October 18, 2021, 11:17:23 PM

Quote from: Mpamaegbu on October 18, 2021, 05:18:38 AM

~snipped~

The problem is that newcomers think that just because these shitcoins are categorized the same (all including bitcoin are cryptocurrencies) and since bitcoin has gone up then they should too.

One way or the other, we all also thought as these present newbies. If no one did, I did in 2017 when I joined the crypto industry. Oh! How I used to acquire cryptos worth less than a cent, hoping they would fly into exaggerated profit like Bitcoin was doing at the time. I never knew what a usecase or utility was. Didn't even know there was something like that. I believe these newbies will also learn. However, one of such tokens I got at that time was dogecoin. I'm lucky to have benefitted from it, anyway. I guess it's the only one I bought then that I made a fortune from. Again, there's a reason Bitcoin stands on its own while other cryptos are referred to as altcoins, including ETH.

I am also among those that once had such belief in altcoin before I know Bitcoin and I am the newbies back then that joined this forum through my research about a certain altcoin but glory is to God cause all this change after I know this forum.
However, the case of the majority of the newbies we have these days seems worse because they never take their time to do research about cryptocurrency they only believe in the act of making bucks through crypto.

Mpamaegbu

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Quote from: pooya87 on October 18, 2021, 11:17:23 PM

Quote from: Mpamaegbu on October 18, 2021, 05:18:38 AM

~snipped~

The problem is that newcomers think that just because these shitcoins are categorized the same (all including bitcoin are cryptocurrencies) and since bitcoin has gone up then they should too.

One way or the other, we all also thought as these present newbies. If no one did, I did in 2017 when I joined the crypto industry. Oh! How I used to acquire cryptos worth less than a cent, hoping they would fly into exaggerated profit like Bitcoin was doing at the time. I never knew what a usecase or utility was. Didn't even know there was something like that. I believe these newbies will also learn. However, one of such tokens I got at that time was dogecoin. I'm lucky to have benefitted from it, anyway. I guess it's the only one I bought then that I made a fortune from. Again, there's a reason Bitcoin stands on its own while other cryptos are referred to as altcoins, including ETH.

pooya87

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Quote from: Mpamaegbu on October 18, 2021, 05:18:38 AM

There are a lot here who will vehemently disagree with you on that, owing to their bitter experiences from hodling for longer than necessary.

The problem is that newcomers think that just because these shitcoins are categorized the same (all including bitcoin are cryptocurrencies) and since bitcoin has gone up then they should too. But they forget that going up in value only occurs if they are providing a useful utility which none of them are. So all we have in altcoins is pump and dumps and when their price goes up since their value is still low it becomes a bubble which has to burst hence the follow up dump.
In fact this way of newbie thinking is the main reason why these shitcoins get pumped in short term.

ShowOff

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Quote from: batang_bitcoin on October 18, 2021, 05:56:12 AM

It's okay to hold and we all agree with that but to say that no matter what happens, you'll still hold then there's the disagreement from the others including me. There's a condition for this tip of yours that if you're holding other than bitcoin then you should be aware that many altcoins in the past that seem to be good have dropped significantly and turned to a lesser value. But if this is going to be applied to bitcoin, we truly agree that it's the future and no matter what the market situation is, it's better to hold not unless you're facing some misfortune and circumstances that you have to act on and choose the better option like selling a few of it.

I think we can do it with bitcoin without any doubt in it. There are quite a number of investors today who have managed to make huge profit because they bought and held bitcoins over the last few years. I also wouldn't say altcoin are useless as some of them are also potentially good for long term investment and profitable for investors, but obviously this has to do with analysis.

batang_bitcoin

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Quote from: BayAngelo on October 09, 2021, 12:42:35 PM

2; HODL, HODL HODL no matter what.

It's okay to hold and we all agree with that but to say that no matter what happens, you'll still hold then there's the disagreement from the others including me. There's a condition for this tip of yours that if you're holding other than bitcoin then you should be aware that many altcoins in the past that seem to be good have dropped significantly and turned to a lesser value. But if this is going to be applied to bitcoin, we truly agree that it's the future and no matter what the market situation is, it's better to hold not unless you're facing some misfortune and circumstances that you have to act on and choose the better option like selling a few of it.

Mpamaegbu

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Once a man, twice a child!

Quote from: BayAngelo on October 09, 2021, 12:42:35 PM

2; HODL, HODL HODL no matter what.
3; LONG TERM INVESTMENT PAYS OFF.

a 200usd investment on Fantom at Mid April Now worths 200,000usd.
a 200usd investment on solana at same time worth over 62,000
same can be said of AXS and so many others. go for long term.

There are a lot here who will vehemently disagree with you on that, owing to their bitter experiences from hodling for longer than necessary. I also share in their sentiments too. We don't have to hodl just because others are hodling. Let there be a defining reason why we hodl and time to cash out on certain tokens so that whenever the ache from loss comes (it certainly will come, either in a way of crash/dip or project abandonment), we know how to handle it.

Maybe you will need to read this user's comment in this quote 👇 to understand better what I'm labouring to say. So, I would say that it's different strokes for different folks as exemplified in both quotes here.

Quote from: odolvlobo on October 16, 2021, 07:30:10 PM

In 2012, I mined about 2500 FTC, then worth about $25, because it was lighter than litecoin and was going to dominate. Now after 8 years, its worth about $6.
In 2013, I bought about 10 AUR for around $300, because it was going to be airdropped in Iceland, Now it's worth about $0.30.
In 2014, I bought 100 XPY for about $1000 because the developer set a price floor. The developer went to prison and now it's worth about $1.

GeorgeJohn

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From my own veiw of understanding, long term investment is good but very difficult to keep without going to withdraw the money to solve problem and sometimes the project will not last long and you will lose your hard earn money. But if you can invest small small in different coins you will not be able to loss all your money at ones if the project will fail or collapse in the future. It is obvious some altcoins are shit coins that will not have future for you to do investment. But if long term use to work for you, no problem too but you habe to be careful with every project

pawanjain

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Nothing lasts forever

Quote from: RapTarX on October 09, 2021, 04:01:41 PM

Dollar Cost averaging has always been the best for long term investing in bitcoin. If you are looking for holding long, make sure you have set up a period and follow that all time. For Bitcoin, it has barely been loss in case of a long term holding.
By the way, I guess you better know how much risky investing in altcoin; more riskier when it comes to long time investment.

Dollar Cost Average is 'The Best' strategy for a long term holder. For me especially, long term investment has made out really good profits.
But why do you say that long term investment in altcoin is more riskier ?
I have been holding an altcoin for a long term which did really well. It's just that we have to make sure we are investing in a good coin and not in a shitcoin.
We never know but sometimes an altcoin can give out more returns than bitcoin. At least that's what has happened to me.

Barinekapaul

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Quote from: BayAngelo on October 09, 2021, 12:42:35 PM

i have decided to do this no matter the market movement. Bull or Bear. i will invest and Hold on quality projects.

It's a choice or will I say a strategy or what one is good at that drives how one goes.
Long term is good to you and most people because of most times, the capital invested, and the target.

Also, having short time trade is beneficial to some people also as the profit is derived instantly, and as such,
risk of loosing the capital in the long run is minimized.

so choosing a strategy is dependent on the person and the goal he or she wishes to derive and achieve at the end.

Synerggy

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Futiracoin.com

HoDL is the way to financial freedom in crypto space, I'm saying this right now because all majority of the coins I sold for quick profits have grow over 2000% profit over time, this happens in just 4years cycle, I used to hold million doge coin, I have over 1 million YOUC token and now it's 0.65$ pls do the math, I would have become a millionaire today

GeorgeJohn

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Quote from: The Cryptovator on October 15, 2021, 01:07:02 PM

Yes, I agree with it long time investment is definitely a good decision. But the only and one condition is you have to choose a good coin for that.

I personally acknowledge this point of yours, because it's not all the coins that can be hold for long time period, yes of course an investor is meant to invest for long time frame but measure have to be taken by knowing the rudiments of the coin first before investing or adventuring into it, nothing is absolutely wrong to keep a coin but the problem is how prominent or influential and volatility is the coin.

Rruchi man

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Quote from: BayAngelo on October 09, 2021, 12:42:35 PM

1; DO your research properly for any crypto you want to invest in.

How can one be certain that he or she has properly done their research on a crypto they want to invest in? Sometimes if you really plan on HODLing for a long period, i think its best you pitch your investment under already existing strong projects that are popular among majority of investors, stack investments up and keep HODLing.

The Cryptovator

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Yes, I agree with it long time investment is definitely a good decision. But the only and one condition is you have to choose a good coin for that. Otherwise definitely will feel that long-term investment is bad. I have a bad experience with long-time investment but this fault is mine. Because I have chosen the wrong coin and the worst coin ever. But it does not mean long time investment is bad, it is bad for me. So the most important thing is where you are investing, if it is BTC then fine. BTC is always better than any other coin because if you can hold it with patience it will never give you loss.

excro

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cloak.su

To be honest, I've always seen hodling as the best option. You just have to look at the graphs 1 year from now: 440%. Here's your answer.

ShowOff

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Quote from: SquirrelJulietGarden on October 15, 2021, 10:38:32 AM

Investors will look at backers and sponsors of a project to consider whether that is a good project. They can do their research or simply rely on the names of backers and sponsors. Many investors simply believe in the research and decisions of famous backers and investors.

It is not good but at least they have big names to believe in.

Usually these investors are not long term holders who are ready to support the project for a long time. I'm pretty sure they will sell their shares once the distribution is complete and trades start to open as we have seen so far. I agree with most people that there are so many altcoin that one should not consider investing in long term because we have seen so many failures that befall altcoin projects especially for new altcoin. Altcoins are short-term investment assets with a profit target that may be smaller in an effort to minimize the risk of pump and dump.

SquirrelJulietGarden

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Quote from: Coin_trader on October 10, 2021, 08:43:29 AM

Yeah, Most of the time fundamentals will govern on crypto project especially with those project backed by huge and famous VC like Bluezilla, Almeda Research, Binance and many more. Project backed by this strong VC will surely get successful in the long term ni matter what happened on crypto space.

Investors will look at backers and sponsors of a project to consider whether that is a good project. They can do their research or simply rely on the names of backers and sponsors. Many investors simply believe in the research and decisions of famous backers and investors.

It is not good but at least they have big names to believe in.

Cookdata

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Not Your Keys, Not Your Bitcoin

Whatever works for you, you should do it since, as you have pointed out, counseling someone through investing may or may not work out.
While it is simple to record profits in a bull market, it may not be as simple in a bear market.
Another point to consider is that there are ways to make money in a short amount of time without having to wait a long time.
What works for you might not work for someone else.

aysg76

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Quote from: pooya87 on October 10, 2021, 01:00:06 AM

Shitcoins pump and dump every day. Each of these shitcoins you named are recently pumped. For example Fantom started at 3600 satoshi and after 3.5 years it has gone back up to reach 3800 satoshi! While it was 2700 satoshi last month. Same with Solana but with better pump, it started pumping 2 months ago and surpassed its last year's price (it is a new shitcoin). Same with AXS.

You see none of these are natural gains. All these are pumps. A price rise that only happens in 1-2 weeks is not going to last either. In other words this "long term investment" that you are talking about and the profit you are talking about was only gained in this very tiny window.
So why bag hold shitcoins that only pump in a couple of days?!!! Why not buy that shitcoin while it is starting to pump and then dump it before others do to get your profit out?

Exactly and this is what they ignore the most and ask what's wrong.Most of the newbies who entered the market in hype suffer loss because they don't want to do research and simply want to make millions with investing in those shitcoins available in the market.They are altcoins which have no future, security and utility and how could people believe them? This is because they see they favourite person endorsing those shitcoins as they try to manipulate the market to make personal profits and when market crash the funds vanished from the market.

See this is situation of the holders of shitcoins when the prices start tumbling : https://www.instagram.com/reel/CU4b6Jdpgb9/?utm_medium=copy_link

For those who are visionary and want guarantee profits and secured deflationary future ahead invest in Bitcoin as it is the future.The best advice should be this to the newbies not how to hold any shitcoins.

Topic: LONG TERM INVESTMENT REMAINS THE BEST (Read 392 times)