The Dying Myth of long term holds???

Ramtapsbtc

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Quote from: adekogbe on April 12, 2018, 11:59:21 AM

The myth has always being that long term holdings is better than short term/daily trading.
Thinking about it; with the current atmosphere around cryptos, is the future really guaranteed to be banking on long term holds or is it all a gamble.
Some day traders make very good profits nevertheless, which makes me wonder if this myth still applies.

Please share your views

Everyone has it's own strategy and they will stick on what works with them well. Day trading is not for everybody so they tend to leaned towards holding long term in the hope that when they come back their portfolio will go up.

bharatpatel

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diceroll.xyz

Long-term trading and short-term trading both profitable. But yeah short-term trading need more activeness yours in the market. While in the long term if you find a good bottom then good for long term. But just is a case made mistake to buy at peak value and holding then it's just bad decisions Shocked

Last year holding is the best thing but this year short-term trading more profitable.

LuaKT

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Quote from: adekogbe on April 12, 2018, 11:59:21 AM

The myth has always being that long term holdings is better than short term/daily trading.
Thinking about it; with the current atmosphere around cryptos, is the future really guaranteed to be banking on long term holds or is it all a gamble.
Some day traders make very good profits nevertheless, which makes me wonder if this myth still applies.

Please share your views

I believe long term holding. But it is not mean You will hold until 2050.. Long hold means you need to hold until the next bull market in my opinion. Surely that 2050 situation is maybe correct for btc. but for other coins.
For example ethereum people bought eth 5 dollar 10 dollar. But they need to sell during bull run while it was 1500 dollar. So they can buy more now. but if they are holding until now 5 dollar to 250 dollar. it is still profitable but they couldnt use that bull bear market cycle. I believe long term hold but also we need to use bear and bull market cycles.

leslie4u

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Well, holding is good but then there is a difference between holding and being a bag holder. We should hold to make a profit and not take all the dumped coins in our bag. It can be tricky I know but then if we study the project closely I am sure we can for sure atleast make a guess if its worth holding or selling. Sometimes we love the project so much that we do not want to leave it but then emotional and logical reasoning should not be mixed especially when it comes to financial matters.

So, do hold but then don't just holding anything and everything.

chokomenia

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Well I don't really know what people thinks long term holds means? For me an example of long term hold is the case of bitcoin, most people hold bitcoin for 5 years before it went up to the current price, holding doesn't mean holding for just few months, it means holding for years until the price goes high, so if you are holding, then leave it for like 2 - 5 years

DarkDays

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Long term holds are still a viable strategy if the coin is stable for the long term. However, long should be taken to mean extremely long, e.g. more than a couple of years for the market to see huge growth like it once did. so if you're just buying in now, don't expect to see any significant gains until at least late 2020, in fact I wouldn't even check the value until then if I were you as I'm sure you won't like what you see.

Cryptodiscuss

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What I consider long term hodl is 2-4 year. So why would I doubt in that just few months after biggest bull run in crypto history? "All this happened before and will happen again"

cybernetik7

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I don’t think it is a myth and it is a reality. But primary question which an investor must answer: “Which one is more suitable for me ?”.
You had better evaluate your patience and knowledge. Are you tough enough to control your emotions and make your decisions based on knowledge and market data? If you are good at trading, you may gain a larger profit but short-term trading is more dangerous. People who doesn't understand crypto market had better choose long-term investment.

AgentZero23

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Quote from: adekogbe on April 12, 2018, 11:59:21 AM

The myth has always being that long term holdings is better than short term/daily trading.
Thinking about it; with the current atmosphere around cryptos, is the future really guaranteed to be banking on long term holds or is it all a gamble.
Some day traders make very good profits nevertheless, which makes me wonder if this myth still applies.

Please share your views

Long term hold is indeed a risk and we don't know what the future holds. It happens with btc, eth and other alt coins and we had a bull run last year till January and now all alt coins and tokens are down. But, if you are a believer in a project then you need patience to hold your coins and wait for them have more value. Success don't happen overnight and you need to be positive that the market will recover.

eagleman

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Yep its still applicable.

The fact that you hold for long term, you can do a lot of things while waiting for your holdings to boom.

Day trading is one of it and you can do it at the same time.

sourish

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One just cannot call it a dying myth when so many are still invested specially in btc for long term.

Thesaintplague

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Quote from: adekogbe on April 12, 2018, 11:59:21 AM

The myth has always being that long term holdings is better than short term/daily trading.
Thinking about it; with the current atmosphere around cryptos, is the future really guaranteed to be banking on long term holds or is it all a gamble.
Some day traders make very good profits nevertheless, which makes me wonder if this myth still applies.

Please share your views

Yes, I agree that now holding coins is not the most profitable way. Cryptocurrencies cannot grow in price for several years, and you will lose so much time. But if you are a bad trader this is still a good option. I would advise improving your skills in the environment of trading.

Boyong02

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As of today's market situation, day trade are more profitable than long term hodl. But still if you bought the coins cheaper it will give you a really big profit in the long run..

libert19

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Quote from: regexlove on April 27, 2018, 03:51:16 PM

If you do not have the skill in trading then use long-term investment and invest for a long time in the main coins that show a stable growth over a period of 5 years for example btc Wink

True. I consider myself a bad trader and that's why I am forced to hold. Holding isn't easy however, just imagine if you bought your bags in dec 2017.

crzy

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Quote from: Ultimist on September 23, 2018, 07:23:57 PM

I think long-term investments are always profitable. This has fewer risks. If you bought a good coin, it is likely in the long term it will show a good result for you. A perfect example of this is such well-known cryptocurrencies as bitcoin and ether.

Yeah, the myth of holding for long term is not dying people are just impatient for the future and they are panicking because of the current bear market. If you believe on your coin, you will be confident enough to sit back because you know that holding for long term is the only way to earn sure profit. Invest and hold only good coins and don't be part of those shitcoins in the market right now.

iconoclast

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Quote from: adekogbe on April 12, 2018, 11:59:21 AM

The myth has always being that long term holdings is better than short term/daily trading.
Thinking about it; with the current atmosphere around cryptos, is the future really guaranteed to be banking on long term holds or is it all a gamble.
Some day traders make very good profits nevertheless, which makes me wonder if this myth still applies.

Please share your views

Day Traders that are not skilled lose their shirts. Investing and trading are entirely different skills sets that use completely different information to make their investment decisions. There is also no reason that you can't do both simultaneously. Though in my experience algorithms will beat human traders in almost all instances.

doolittle

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In order to trade on the exchange you need:
1) Knowledge and education
2) Time
3) Money
4) control emotions
5) manage money properly

These are my personal beliefs and my advice to you.

Yatsan

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Quote from: lovemsngr on April 27, 2018, 03:48:49 PM

Well, that is not really a myth, definitely short-term trading is more dangerous. If you can do both at the same level, you will be benefited more from long term holding, rather trading, but if you are professional in trading then of course trade! What I mean is that usual person who is not a good trader cannot get profit of it at all, where long term is better feature for them.

Well, I believe that long term holding are the best way to ensure you earnings but at the same times bad for those who have obly low budget of holdings because at some point if you do not manage well your holdings you may end up lossing all of your holdings. You will lose rather than earning a profit. But ofcourse if you will pursue trading and holding you must know the basics first. Consult to a person who are expert on it.

Gab20

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You do not hodl irrationally, just because people are telling you to hodl. If you are holding a coin and you eventually have your profit, thebest thing to do is sell and maybe move unto another.
Except in a case where the coin has a very good working product on which it can be used.

Ultimist

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I think long-term investments are always profitable. This has fewer risks. If you bought a good coin, it is likely in the long term it will show a good result for you. A perfect example of this is such well-known cryptocurrencies as bitcoin and ether.

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