It can definitely pay off to hodl long term for some crypto-currencies.
However, in order to do that you have to be able to separate the speculative value of an asset from its utility value (if there is one, of course - some coins have no real utility value).
It usually happens that there is an initial spike due to coin's speculative value. After that, there is a period of waiting for the coin to reach its utility value.
That's how a crypto J-curve is born.
Check out this medium article about J-curves and how you can calculate the future value of a cryptoasset.
Topic: The Dying Myth of long term holds??? - page 6. (Read 1551 times)
A long term hold is better than short term hold IFF you have done a research about the coin and haven't blindly picked your horses.
So its not a myth, but a theory backed by reasons.
Lets talk about this with a stable & potential token(soon to be coin).
For example, we have IOST tokens.Right now the value is swinging from 0.04$ to 0.05$, clearly nobody can predict for sure whether it will go up or down today.Which makes your short time investment like a gamble.Either you will make 50 sat on each token or you might lose them in a day.
BUT, if you buy some tokens and wait until it spits from the main chain & gets in use(other than investment) by implementing services like data hosting,cloud system ,Dapps etcetra.Which will provide a boom to its volume and circulation.Which means the market will see a huge surge! Giving you a very good chances of making money out of it by holding it until 2019.
Thus its not a myth if you are playing with potential coins.
So its not a myth, but a theory backed by reasons.
Lets talk about this with a stable & potential token(soon to be coin).
For example, we have IOST tokens.Right now the value is swinging from 0.04$ to 0.05$, clearly nobody can predict for sure whether it will go up or down today.Which makes your short time investment like a gamble.Either you will make 50 sat on each token or you might lose them in a day.
BUT, if you buy some tokens and wait until it spits from the main chain & gets in use(other than investment) by implementing services like data hosting,cloud system ,Dapps etcetra.Which will provide a boom to its volume and circulation.Which means the market will see a huge surge! Giving you a very good chances of making money out of it by holding it until 2019.
Thus its not a myth if you are playing with potential coins.
I think that long term hodl is good only for those who doesn't understand much in crypto or have no time for it. Then it can be a good investment to buy BTC or ETH and hold it for several years. In other cases daily trading is more profitable. I've seen a statistics of one crypto fund, so they earned about 1500% buy holding and 4400% buy daily trading during a year.
It's undoubtedly easier to just hold than to trade.
However, if you are good at trading, there's obviously a larger profit there, since you could just trade to increase your stack in whatever crypto you were supposed to hold.
it's also easier to lose if you are trading than if you are not.
however, if you find a good project, and you don't know much about trading, it's probably wise to just hold.
However, if you are good at trading, there's obviously a larger profit there, since you could just trade to increase your stack in whatever crypto you were supposed to hold.
it's also easier to lose if you are trading than if you are not.
however, if you find a good project, and you don't know much about trading, it's probably wise to just hold.
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 
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.
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
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