Topic: The Dying Myth of long term holds??? - page 4. (Read 1551 times)
I think that long-term investments are actually much safer and quite profitable. If you are not a trader, then it is best to invest in the long term.
Totally agree that long therm holding is dying myth, better to sell if you have already good profits,because there are much more opportunities for dump,rather then pump of altcoins
With such market volatility, it will really be much more profitable to trade, but long-term investment in my opinion is still relevant and when the market is more stable, the more profitable it will be to invest in the long term.
For me, I still believe on long-term holds but I trade these tokens and sell them at a rally and once the price settle I will buy back and HODL these tokens.
This way I can increase my tokens to HODL rather than just purely HODLing them.
This way I can increase my tokens to HODL rather than just purely HODLing them.
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
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 myth is "Some day traders make very good profits nevertheless". I know more people who failed in day trading compared to the one who are succeeding.
For day trading one should be very good with TA, FA and should understand market sentiments properly, if they fail in any of them they are most likely to lose money.
Regarding Long Term Holdings is better > Not always true as well.
It depends on how strong the project is fundamentally, do they have the proper team behind the project who are going to deliver of what the project promise to its investors. They should be backed up with partners who are in support and not the ones who wait for lock period to get over so that they can dump.
Crypto market is very volatile and there are steps required to be taken time to time. If one cant do it, he should neither trade daily or even on longer terms, his best bet should be relying on Bitcoin and bitcoin only, buying when the market is red and selling when the market goes green and rebuying when market becomes red again.
It's about how long is a long term. People buying bitcoins in the time before first half of 2017 are still in huge profit while they made a fortune on late 2017.
Storing the coins for 20s of years doesn't make sense as we are evolving fast. You should know when to buy and when to sell. And this is buying time.
Storing the coins for 20s of years doesn't make sense as we are evolving fast. You should know when to buy and when to sell. And this is buying time.
Long term holding is better than short term if you don't know how to trade or you don't have time to trade, but if you got skill and time to trade, of course short term investment is better, it will gives you more profit and the transaction volume of the coin also increase, with increasing transaction volume the price also can increase
Very few people are smart enough to time the tops and bottoms of market and crypto market is too volatile for that anyway. For long-term buy and hold good altcoins, just see the prices at end of each year and easy to see the yearly gains.
It looks like long term hold isn't a good idea for me, as many coins goes into dead after few months since it is listed in the market. But if you still wanting for that, it is best if you just hold coins with high potentiality and those coins that are belong into TOP 50 in CMC. As there is assurance of having a pump in the coming days.
Even if you do not want to wait a long time in the crypto money world, the bad situation of the market forces you to wait. Making money is on its way to becoming a legend.
There are obviously profitable outcomes available;able from both day-trading and HODLing for the long-term, but it comes down to personal preferences, available time, what you consider to be acceptable ROI and your risk comfort levels.
Certainly, day-traders can get more regular returns in a steady market and can even scrape a profit a bear market with savvy work. But I think in a bull market, the HODLer will get a great ROI with far less daily effort.
Certainly, day-traders can get more regular returns in a steady market and can even scrape a profit a bear market with savvy work. But I think in a bull market, the HODLer will get a great ROI with far less daily effort.
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
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
Comes down to personal style. I had to learn that I am just not a good daytrader. I'm not a good trader overall, but daytading especially is something I simply suck at. Others might not.
Plus, in a lot of jurisdictions, a trade is a taxable event. Unless you manage to make a lot of really good trades, much of your earnings get siphoned off that way.
What I think actually *is* a myth ist this whole "Just Hodl!" thing. Knowing when to sell at least parts is a good thing. Not everything will win in the long run.
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
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 remains the best strategy. Day trading is great but the stress can be quite tasking particularly if you are not too skilled at it or you don't have time on your hands to monitor your trades continuously. I still prefer long term trading
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
A long term investment is not a myth so do not worryThinking 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
though it is important how many years you are going to hold your cryptocurrency
Actually, the long term hodl phenomenon only recently became prominent last year.
When the original Hodl guy said he was going to hold bitcoin long term, people laughed at him.
The reason why last year it became "the best way to do crypto" is because the market exploded last year.
Everyone was running scenarios like, "If I had just bought 100 bitcoin three years ago and held on to it, then I would be a millionare now!"
So obviously, people started saying that you just need to hodl and in two to three years, you will become a millionare.
This is very flawed thinking and has no grounding in the realities of market economics.
The truth is, a vast majority of coins will not reach high those kinds of crazy gains in a couple years
However, there are quite a few that rise sharply in a short amount of time so it is much wiser to take advantage of those.
Like any type of investing, your goal shouldn't be to get the highest ROI, but to build up as much capital as possible before looking at ROI.
When the original Hodl guy said he was going to hold bitcoin long term, people laughed at him.
The reason why last year it became "the best way to do crypto" is because the market exploded last year.
Everyone was running scenarios like, "If I had just bought 100 bitcoin three years ago and held on to it, then I would be a millionare now!"
So obviously, people started saying that you just need to hodl and in two to three years, you will become a millionare.
This is very flawed thinking and has no grounding in the realities of market economics.
The truth is, a vast majority of coins will not reach high those kinds of crazy gains in a couple years
However, there are quite a few that rise sharply in a short amount of time so it is much wiser to take advantage of those.
Like any type of investing, your goal shouldn't be to get the highest ROI, but to build up as much capital as possible before looking at ROI.
Well, it's not really a myth as long time trading can multiply your investment in multiple folds. Short term investment is just a hit-and-run trading whereby you sell immediately you earn some little profits
Well it depends on the coin or token you are holding, the movement of the market is unpredictable, holding is not a myth but a practice that we should remember. Ironically speaking you can hold tokens if you see that they cant make a progress. History repeats itself, and we can hardly determine what coin should we hold for a long term.
Based on my experience dont keep long term until you use the product , Project or service . I kept some of the coin without knowing its purpose . Because its price was increasing all of sudden market carshed everything went more than 1000% drop . But out of that some real working product and actual business were running survived . Now taking run in this bullish market. So long term holding is good if your really confident about project.
Of course, I still believe that this industry is worth investing in. As long as you invest in a good currency, then you will have a huge wealth. I think there are still many opportunities for investment in the current market, such as Ethereum, EOS, NEO is a very good choice.
ideally very difficult if all want instant all, I think it is true that before plunging must have knowledge and experience enough mature, almost all success is obtained from the fruit of patience in a long period of time. but there are occasional opportunities in the near future to succeed but must be with creativity and clarity and appropriate calculations in the transaction. essentially holding is the best way to get success.
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