The Dying Myth of long term holds??? - page 5.

Matthewmorris4

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Quote from: regexlove on April 27, 2018, 02:51:16 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

sadly, most of people without trading skill is new at trading and cryptocurrency, also not patient if we told them for long term hold. especially for hold btc, meanwhile they want a fast profit method.

leezay

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Quote from: adekogbe on April 12, 2018, 10:59:21 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 and long term have advantages, but the trading requires a lot more knowledge, time and experience. Daily trading is definitely not for novice and inexperienced investors.

Kavallo

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Why would it be a myth and why would it be dying? History has proven it being a fact until this day. On the other side, 90% of traders in Forex are losing their money, that's established, and I guess that in crypto it must not be very different.

icalical

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Whether you are investing or gambling does not have any correlation to whether you are doing long term or short term trading. It depends on your method and technique when you are trading, not just in crypto but in all market.
About crypto market, yes it has extreme volatility, most of the investor may only speculate, but you can still do low risk trading if you doing it right. And of course crypto market still have bright future.

Corrosive

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#GPGL

Long term hold on a decent coin will definitely reap rewards, however, if you can take profits and play the game by selling before a dip becomes really bad then buy in at a lower price.....its plain to see your rewards will be substantially higher. With that comes a substancial exposure to risk though.......

cryptohunter

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of course there are more possible gains day trading BUT MOST WILL LOSE only excellent day traders make money.

long term holding REAL projects is the best way.

Adunni6758

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I feel if you want to hold, you can mix up the two. That is, use both short term and longterm term hold. The reason being that, these coins differ and some of these coins are very good for short term hold, while others are good for long term. Not withstanding study first the coin or token you intend to investing, before going ahead.

Victorycoin

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Quote from: Ronni on April 27, 2018, 05:33:58 PM

For me, many people are still applying this kind of technique in order to earn money from their investments. It is not dying, maybe some of the people prefers to sell their coins right away without holding it but it is up to them, selling your coins right away while the market is red is not a good idea, but waiting for it to turn green then selling it is much better.

Yes there are people, like merchants who prefer to sell their coins right away in order to preserve their values at time of sale, but there also people, who originally set to Hodl, but on the onset of one bad news or the other, FUD gets the better of them, leading to panic selling even against their original wish. It takes having a very high risk appetite to get away with Hodling and obviously not everyone can boast of having one.

MonkeySlapFest

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Im a fan of long term trading. Also beginning to get my head round the pump and hodl.

KTChampions

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Quote from: adekogbe on April 12, 2018, 10:59:21 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 wonder why these traders make a profit? Have not you thought about it? If I understand correctly, then at the expense of other market participants. Where are the guarantees that tomorrow you will not be these losers? Long-term investment unlike trade generates profit through the development of projects and the financial system itself. There are no losers here.

money4nthing

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Sure you can earn much more on trading, but it requires specific skill and spending time keeping eye on prices - it's kind of daily job, while holding good coins can make solid profit w/o being that much involved in all the processes, I think laughing at hodlers it temporary thing caused by bear market, hodl ideology will recover together with bull market..
Sure it doesn't mean you don't need to investigate and keep track of (and sell sometimes, if there are some news changing mid-long term positions of your assets) what are you going to hold anyway - when market is especially good and everything, even obvious scams, make 10x a lot of people forget about it.

easypeasy

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its a tough time or has been for hodling but its been proved that generally hodling is the way forward

course it depends on many factors, buy in price, particular project etc

million% tho anyone buying now and still hodling a yr from now is going to be way better off * see 2nd line of my post

HALLASTERA

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Quote from: adekogbe on April 12, 2018, 10:59:21 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

Exists statistic from last year about bitcoin profits in front trading and holding. Holding - 1300% to ATH, trading 1700%. Trading statistic was done from professional found. But keep in mind it's works only for professional traders. For newbies better just hold.

Ronni

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For me, many people are still applying this kind of technique in order to earn money from their investments. It is not dying, maybe some of the people prefers to sell their coins right away without holding it but it is up to them, selling your coins right away while the market is red is not a good idea, but waiting for it to turn green then selling it is much better.

Tlongbottom

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I understand what you’re saying. You’ll probably earn less with a buy and hold strategy compared to trading, but you are also less likely to lose heavily. You can get caught in some nasty trades if you aren’t careful or experienced. Holding May result in lower gains or it can be better based on your trading skill. It’s all about knowing what you want and knowing your skill set. I’ve tried and failed before, so I hold for now.

Victorycoin

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Quote from: aardvark15 on April 27, 2018, 04:29:12 PM

Quote from: adekogbe on April 12, 2018, 10:59:21 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 holds can yield big gains but it depends on when and how long the hold is. For example, someone that bought a Bitcoin for $100 in 2013 would made almost 100 times that original investment in just 5 years. I remember when Etherium was around $1 in probably about 2015. Holding that would have yielded huge gains as well.

If you see those earnings as mesmerizing, what then would you say of a knowledgeable, experienced and skillful trader that had bought Bitcoin and Ether at the rates you stated above and traded for 5 years? To have to wait 5 years to me, is a blunter because much more can be accomplished in far lesser time, if one took time out to learn the ropes of trading.

aardvark15

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Quote from: adekogbe on April 12, 2018, 10:59:21 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 holds can yield big gains but it depends on when and how long the hold is. For example, someone that bought a Bitcoin for $100 in 2013 would made almost 100 times that original investment in just 5 years. I remember when Etherium was around $1 in probably about 2015. Holding that would have yielded huge gains as well.

JungleBadman

newbie

Activity: 154

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I wouldn't say that long term holding is a myth, just potentially has lower profit margins. Trading will be more profitable if you are experienced in it, but many people arent, so holding is the only viable strategy for them.
Even if you are a "Hodler", its still possible to lock in profits on the way up and buy again in the dip like what happened this January-February.

thepo1m

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Before what drives people into this space is the technolody but now it is all about the money. I still believe long term holding is still better provided one can get good projects to invest into, most of these day traders only talked about their profit and boast about it, but when they lose they keep mum

gerjiss

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I think the long-term perspective has a number of advantages for beginners. If you know how to trade then of course you will get more profit than a long - term investment, but for beginners long-term investment-the surest solution.

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