The Dying Myth of long term holds??? - page 2.

plr

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Activity: 1162

Merit: 24

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

It applies I used to do mrai captcha solving back then the price is worth a penny now it is now worth over $2.50 the highest price it generate was $15 and I sold over 5000 Mrai if only I hold it for at least 2 years I would have made thousands of dollars in profit.

WalkerIVIV

hero member

Activity: 2436

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Cryptocasino.com

Quote from: Jamesdila1 on September 23, 2018, 02:42:02 PM

longterm holding giving you better profits depending on the market condition. for a example a holder of 2018 may feel it bad. but a holder of 2017 mid to 2018 January experienced best returns for holding. trading is the way to increase your holding. every trader must hold their profit. thats the way to achieve success. i have got 100X from XVG just from holding it in 2017

Better profit for what? Your profit depends on how good you to choose the best time to enter the market but in fact for those have been entering the crypto market when it has reached peak price and they have been loosing almost 80% from the their amounts. Can you say everyone always get any profit? It's not dude.
You must understand about the fact.

oriontab

jr. member

Activity: 336

Merit: 3

I don't think it is a myth to hold for long, the best investors even in other markets such as stocks, bonds etc are long term. A one years chart of bitcoin will still indicate you are in profit even at the moment

dobladi

full member

Activity: 345

Merit: 100

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

Whether short term or long term holding, it would ba a gamble since the market is way unoredictable in the first place. Long term holding is considered as the best thing to do because dumps do happen in the market, so selling immediately won't be a good thing to do. Investors are looking forward for more which oushes them to hold for years despite of the negative situations in the market.

BigBrother

member

Activity: 439

Merit: 10

I think each coin needs its own approach. Basically, the long-term hold can lead to nothing, because now there are few coins that could show good results in the future. But still need to analyze and on this basis to make a strategy for each coin.

hubballi

sr. member

Activity: 882

Merit: 297

Quote from: Isiaka208 on September 23, 2018, 06:56:43 PM

I think trading makes you miss out on good chances of profits than when you actually hold. As a trader, you dont go to bed with open positions, and if there's a bullrun, you are left out.

you cannot say that if their is a bullrun and you are left out. What if another bull run will be more high. Just you said trader dont go with open position so think how much stress they take. If you have faith on your investment then it is much better to go with long term but think about how long are you going to hold. So that like what you said when bullrun is going that time you should be alert and if you think this much profit is good then you should book the profit so that when market corrects you can buy back in low.

Isiaka208

copper member

Activity: 411

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I think trading makes you miss out on good chances of profits than when you actually hold. As a trader, you dont go to bed with open positions, and if there's a bullrun, you are left out.

powerman24

member

Activity: 448

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If you are holding a top coin than it is not a myth, thus trading is more profitable from "just" holding.
But, if you are holding a non - potential coin your investment is in danger as you can lose it all.

Jamesdila1

member

Activity: 686

Merit: 10

longterm holding giving you better profits depending on the market condition. for a example a holder of 2018 may feel it bad. but a holder of 2017 mid to 2018 January experienced best returns for holding. trading is the way to increase your holding. every trader must hold their profit. thats the way to achieve success. i have got 100X from XVG just from holding it in 2017

elrugrim

sr. member

Activity: 686

Merit: 251

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

Short-term trading is much more risky than long-term, and you should always relate the risks to the possible profit. Believe me, if you earn $ 100,000 in a short-term trade but then lose $ 80,000 because of inexperience, then you have poorly related the risks to your opportunities, and for you the option to earn $ 50,000 in the long term would be much better.

kafiddrhman

sr. member

Activity: 518

Merit: 250

I think, a long-term investment is not always better than a short-term investment. It depends on the project that we are joining in; there are some projects which are good for long-term investment, there are also some projects which are good for short-term investment. It's up to you, which one do you prefer.

craked5

hero member

Activity: 840

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This myth will live and it works. But not with everything. Some coins will lose its price because of different reasons. Chose strong projects and don't worry. You will get your profit.

olsyd

jr. member

Activity: 448

Merit: 1

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.

It's not a myth, every investment can bring profit in a short or long period of time, HODL is a long period investment

bellamente

member

Activity: 420

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It all depends on your temperament. Daily trades are more highly profitable, but also bear the big risks of losing all the money.

I prefer Diversification to my investments

xuan87

legendary

Activity: 1666

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Long term hold could be a gambling, but it's a gambling with higher odds to win because we got data and news, when we decide to take a long term investment we are looking for the potential to grow in the future, what companies or countries that will adopt crypto, short term and long term got its own advantage and disadvantage, so it depends on your skill and the aim of your investment

Kunlejoe0

full member

Activity: 518

Merit: 100

Long term hold of cryptocurrency is not a myth, it is market economics. The principle of demand and supply dictate the available coin in the market and the price placed on the supply. If you ask people that sold their bitcoin and litecoin at the peak of the market last year, they will tell you holding is the best strategy in cryptocurrency.

bakulgarem

member

Activity: 361

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BIB Exchange

maybe long-term investing is quite profitable if someday prices will continue to grow rapidly in the future, but have a big risk if someday the assets that we invest do not develop and continue to decline then the losses will be very large.

senin

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Activity: 938

Merit: 137

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

The long-term retention of the Crypto-currency and the short-term or even daily trade in the Crypto currency are quite different methods of earning in crypto-alaite. All of them deserve attention and are normal only for a certain state of the crypto-currency market. This year, the continued retention of coins and tokens is inefficient due to the decline and stagnation of the crypto-currency market. This tactic is effective only when, despite various price fluctuations, the crypto-currency market as a whole is growing. Trade on the exchange is effective with sharp fluctuations in prices, even in conditions of relative market stability, but it is more risky and will require a lot of knowledge and skills.

beachbummer

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Activity: 251

Merit: 100

Quote from: weborsha on September 23, 2018, 01:09:59 AM

I never hodl long term, just hate it. I like to be in the control of the situation. If you just keep your money in the wallet, it doesn’t work all the time. As for me, it is inefficient.

It's quite ironic for you to make that statement about hodling and yet promoting Pool of Stake in your sig... ;p

Kool5

jr. member

Activity: 266

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”Decentralized Digital Billboards”

Now it is only necessary to invest long-term investments in bitkoyn. Short-term investments are very risky and therefore I do not recommend them to invest. For me bitkoyn, who moved from a place is a good investment.

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