Holding may be good, but for certain coins.
We must know and analyze at first whether the coins have real and logical fundamentals and use cases or not.
Long-term holding is also a very risky mover if we are holding shitcoins, it may be dead coins.
But for some coins or tokens that have strong fundamentals and also real use cases, it may be filling or promising.
DO your own research not for following other people. DYOR is the best whether you will hold or not
Topic: LONG TERM INVESTMENT REMAINS THE BEST - page 2. (Read 328 times)
Honestly, cryptocurrency has always been a long term investment not a get rich quick scheme. That's why it's always advised to invest with your spare money. I do find it very funny when people complain of losing their money from bitcoin investment just in a short interval. Forgetting the fact that very crypto investment requires time and patience to be able to see your investment grow
Seriously investing in Cryptocurrency from my own experience I believe it is d best most expecially bitcoin but if you plan on investing in other coins I think you will have to do your dip research first because currently now there are lot's of scam coins now so we just have to be very careful if we are investing in altcoins but in bitcoin you don't really need any research.
Don't bank on this altcoins in the long run as they all lose value against bitcoin. While you think you're profiting in fiats, you would had been better off holding Bitcoin and as such you're losing in satoshi. With altcoins you just seized the opportunity they present to get gains and stack up more satoshi. Don't even think you would be profiting in the long run.
Yes, long term investment in crap gives you shitty returns at best, and you usually end up losing it all. The OP has surely figured out that it's better in the long run than to be eating your head off and losing money trading in the short term, but the best long term investment is in premium assets like Bitcoin.
legendary
Activity: 2240
Merit: 4133
eXch.cx - Automatic crypto Swap Exchange.
Don't bank on this altcoins in the long run as they all lose value against bitcoin. While you think you're profiting in fiats, you would had been better off holding Bitcoin and as such you're losing in satoshi. With altcoins you just seized the opportunity they present to get gains and stack up more satoshi. Don't even think you would be profiting in the long run. With short term views, you'll be thinking you made the best decision but give the market more 5/10 years and other alts will come replace that which you owned and the cycle continue that way making them lose support. Yesterday it was Ethereum, today it's Solana tomorrow another project will be come out.
I completly agree that long term investments work, however that's not to say that short ones don work and that a longer period of hodl is the only way to go. It all depends on the presonal preverences and goals of the investor, and both types of investing can yield good returns if approached in a smart way.
Let me show you something.
This source shows dead coins and tokens. Projects that have been abandoned and no longer exist.
It currently shows a count of 1673 different assets.
If you go back a few months to February 2021, the same site used to show 1551 coins. That's a difference of over 100 assets in 8-9 months. That tells you a lot about altcoins.
I doubt that's the place Solana is going, but it's certainly a place that many alts will reach or be close to reaching.
If you hold too many alts, ask yourself: what is it that they do that Bitcoin can't? Why would I be interested in getting paid in Shiba Inu? Because Elon said so, because he bought a Shiba Inu puppy and posted it on Twitter?
This source shows dead coins and tokens. Projects that have been abandoned and no longer exist.
It currently shows a count of 1673 different assets.
If you go back a few months to February 2021, the same site used to show 1551 coins. That's a difference of over 100 assets in 8-9 months. That tells you a lot about altcoins.
I doubt that's the place Solana is going, but it's certainly a place that many alts will reach or be close to reaching.
If you hold too many alts, ask yourself: what is it that they do that Bitcoin can't? Why would I be interested in getting paid in Shiba Inu? Because Elon said so, because he bought a Shiba Inu puppy and posted it on Twitter?
honestly, i am shaking on my knees. i can not believe that a 10usd dollar investment on shibu inu worth 4 million dollars now. if you have invested 10usd on shiba inu on the december 31, 2020. Now the value of your holding is over 3 million. i am still struggling to understand how crypto is not a good way to invest. the future is still bright and i believev more funds will move into cryptp. the time now to pick better projects and invest in it is not over.
What about this little altcoin you're seeing skyrocketing in value right now? Think about it, what's the source of that value? Its value will go back to zero once the euphoria is over.
Maybe they won't go all the way back to zero, but they will never surpass the value of the underlying coin in the long run.
honestly, i am shaking on my knees. i can not believe that a 10usd dollar investment on shibu inu worth 4 million dollars now. if you have invested 10usd on shiba inu on the december 31, 2020. Now the value of your holding is over 3 million. i am still struggling to understand how crypto is not a good way to invest. the future is still bright and i believev more funds will move into cryptp. the time now to pick better projects and invest in it is not over.
Is anyone using SHIB in real life? Or DOGE? Do people pay with it for their purchases? Do people use it to send money overseas? Do people use it in online stores? The answer to all those questions is no. And it will not change. There's already Bitcoin, the coin that is backed by enough PoW to not worry about attacks, and the code that is reviewed by thousands of world-class experts. Meanwhile SHIB's or DOGE's value is based on Elon Musk's meme tweets. If you think this is an example of a good investment, you will just lose money over and over trying to catch the newest pump.
honestly, i am shaking on my knees. i can not believe that a 10usd dollar investment on shibu inu worth 4 million dollars now. if you have invested 10usd on shiba inu on the december 31, 2020. Now the value of your holding is over 3 million. i am still struggling to understand how crypto is not a good way to invest. the future is still bright and i believev more funds will move into cryptp. the time now to pick better projects and invest in it is not over.
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.
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.
It's a typical newbie mistake to pick one case and use it as base for making predictions. If you take the larger historical data, you will see that on average altcoins lose value. For every shitcoin with a huge pump there's a hundred of shitcoins that went to zero. No one has a special talent for choosing the right shitcoin that will pump, there's no skill or research here, it's just luck. The only people who profit from it consistently are the manipulators behind the pumps.
I think the price history of BTC says a lot about itself. There is a term in law called res ipsa loquitur where it means "the thing speaks for itself."
The greatest example is to refer to the price history of BTC through the years. I started joining this forum last 2017 where the price of 1 BTC was around $4,000. Currently, its price is roughly around ~$55,000 with a 10% increase this week. That is why, HODL long term for maximum value but this may depend on your goal as an investor. If you do not rely on your investments as a source of income, better leave it to mature for long-term usage.
The greatest example is to refer to the price history of BTC through the years. I started joining this forum last 2017 where the price of 1 BTC was around $4,000. Currently, its price is roughly around ~$55,000 with a 10% increase this week. That is why, HODL long term for maximum value but this may depend on your goal as an investor. If you do not rely on your investments as a source of income, better leave it to mature for long-term usage.
2; HODL, HODL HODL no matter what.
3; LONG TERM INVESTMENT PAYS OFF.
What if the coins in your wallet are short term projects like most altcoins are, would you hold short term coins for the long period? It'll surely be counterproductive If you do so, as chances are you'll not make any ROI cause the coins could prolly dump when you're yet to sell and you'll accrue losses from your own end, long term investment can only be said to be productive when you are actually hodling a long term project/coin like Bitcoin.3; LONG TERM INVESTMENT PAYS OFF.
As long the coin or token has strong fundamentals, great use cases and how it’s adopted massively, they are absolutely the best for long term investments. Either if you are an early adopter or have bought the dip and it grow that big, I would say that certain coin or token is really worth the investment.
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.
Sometimes fundamental have a sign when there's a very trend in the news which have an effect to the project that gives a boost to the price. It seems like the same on the play-to-earn games like Axie, last few months it was very trendy and until now there are people who still believe that it is a great investment.
The real use of the project will give an assurance that you will earn in the long run, if someone who holds a BNB token since it was launched from the start, it might that holder will gain too much as of now. But it depends on the research, there are some exchange platform has been launched with their own token and operating their project but unfortunately, they never existed.
Long term or short term we should keep in mind having short research.
copper member
Activity: 2800
Merit: 1179
Leading Crypto Sports Betting & Casino Platform
As long the coin or token has strong fundamentals, great use cases and how it’s adopted massively, they are absolutely the best for long term investments. Either if you are an early adopter or have bought the dip and it grow that big, I would say that certain coin or token is really worth the investment.
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.
Which mid-April are you talking about, though? The last Mid-April increase of the coins you listed can't get you such returns. It's a bit of an exaggeration on your side.
No, it was not an exaggeration but a mistake from her end. I believe she was talking about Mid-April of last year when the bullish market is yet to start.What is very important is picking the right project whose coin price can grow over time and also get hyped at one point.
I will advise you to exclude the hype cause when a project is good the crypto community doesn't have any choice than to support it.Sometimes there's luck too. I had so many shitcoins I held in the last bull run and bear run, but trust me, no has made such returns.
The first thing to look for is the coin with a real use case and utility that always gains from the Bitcoin halving marketJust ask any person who held coins like EOS, NEO etc
Honestly, these are one of the worse coins and I never support it right from the beginning it seems to be backed by the Chinese tycoonthank you for the correction. i was trying to point out from Mid-April last year. i made a mistake writing just mid April without pointing out the right time of the year.
As long the coin or token has strong fundamentals, great use cases and how it’s adopted massively, they are absolutely the best for long term investments. Either if you are an early adopter or have bought the dip and it grow that big, I would say that certain coin or token is really worth the investment.
2; HODL, HODL HODL no matter what.
3; LONG TERM INVESTMENT PAYS OFF.
This is what newbies were told for for years and they are all in huge losses today.3; LONG TERM INVESTMENT PAYS OFF.
Quote
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.
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.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.
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?
I'm happy for you, just know that not all coins will end up been profitable on the long run, you should advice People to hold good coins only cos years ago I held too many coins and majority of them are dead and others have no value, you could say I choose wrongly but at the time I thought those coins are really good, some will make the same mistakes too
Thats right actually. If only I knew what will be the price of these coins and tokens before the market hit Im super rich righf now. But thats life we neve knew what will be thr outcome only those who have faith on long term investment will triumph.
Many tokens have gone so high eversince the bull run and its really a matter of patience and hold time when the bear exist again.
Many tokens have gone so high eversince the bull run and its really a matter of patience and hold time when the bear exist again.
Jump to: