The goodness of long-term investing in cryptocurrency - page 2.

taufik123

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Quote from: Sayeds56 on December 10, 2022, 07:48:38 PM

-snip- but it is equally important to make buying only on major dips (I think 20% dip is good opportunity) because if we continue buying on every small dip, then obviously we will run out of funds quickly and miss out big buying opportunities. Hence, DCA strategy should be used wisely and with patience in bear market because we never know where the bottom is.

Buying on large dips is also recommended, but that also requires analysis to determine how deep the price will fall. If DCA is combined with good analysis, it will result in the right buy on any dips. But if a beginner doesn't really understand analysis, buying continuously for a certain time is also not wrong.

The most important thing is the main target price to be achieved, hold and stick to the main goal, and it will be more profitable.

Sayeds56

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Quote from: Bazzu on December 11, 2022, 07:28:16 PM

long term or short term investment. I think it's the same, because there are also many people who invest in crypto for the long term but instead experience losses, for example long-term investments in ftx, Luna and so on. and many people who lose for long-term investment because of investing in the crypto.
but indeed investment can not be separated from the name of risk. So I think it's a long term investment. it still has to be in bitcoin while for altcoins in my opinion, ethereum, bnb, and, xrp.

It is true that long term investment is not successful in every project, that's why cherry picking is important, choose only good ones and reject bad ones. I strongly believe that investment is the art of rejection, not selection. We should filter out all bad projects to reach a good one before we decide to make investment, which requires intensive research work.

Like Ethereum which has been very successful project because of its strong use case, POLKADOT also has huge number of projects on its ecosystem which is its strong point, and it may outperform in the next bull run. I think we should also hold it for long term. DYOR

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long term or short term investment. I think it's the same, because there are also many people who invest in crypto for the long term but instead experience losses, for example long-term investments in ftx, and so on. and many people who lose for long-term investment because of investing in the crypto.
but indeed investment can not be separated from the name of risk. So I think for a long term investment. it has to be in bitcoin while for altcoins in my opinion, ethereum, bnb, and, xrp.

Xal0lex

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Quote from: abel1337 on December 11, 2022, 12:44:55 PM

If you have the habit of panicking or short patience, Investing and trading is not for you. I believe that regularly monitoring the price change isn't wrong if you are an investor or trader. It would depend on how you manage yourself on the outcome of your monitoring. A good investor always have a good plan on their mind before putting up money on their investment, Monitoring it is a good thing in my opinion knowing that you can track what is happening to your investment and if it is going according to your plans. Panicking on a small price changes are just a newbie reaction especially we are on crypto where most of the tokens are volatile. When dips happen, True investors accumulate more and position themselves in a state where they can possibly get a profit long term.

Good investors are not born, good investors become. If you lack patience, you should start to develop it with different practices, but this does not mean that now the way to investing and trading is closed for such a person. Many habits and skills are developed over time and I strongly doubt that a person who wants to get into trading or investing needs to have the right set of skills and habits at once. There are barely 10 people out of every 1,000 newbies who already have these skills. The rest will have to develop them. So I don't agree that if I'm not good at controlling my patience right now, then investing is definitely not for me.

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Quote from: tvplus006 on December 11, 2022, 08:56:59 AM

Quote from: RAppleby on December 10, 2022, 03:31:40 AM

For long-term investment, you will not panic because of short-term price fluctuations. Although you may make less money than in the short term, the long term is safer than short term investing (provided you are investing in value coins, not meme coins). You can spend more time analyzing market conditions.

You will not panic only if you do not follow the price changes in the cryptocurrency market. If you regularly monitor the change in the value of your deposit, then you will be just as upset that it is decreasing as other traders. Now you may be upset that you could have bought more bitcoins if you hadn't done it a few months earlier.

If you have the habit of panicking or short patience, Investing and trading is not for you. I believe that regularly monitoring the price change isn't wrong if you are an investor or trader. It would depend on how you manage yourself on the outcome of your monitoring. A good investor always have a good plan on their mind before putting up money on their investment, Monitoring it is a good thing in my opinion knowing that you can track what is happening to your investment and if it is going according to your plans. Panicking on a small price changes are just a newbie reaction especially we are on crypto where most of the tokens are volatile. When dips happen, True investors accumulate more and position themselves in a state where they can possibly get a profit long term.

Cling18

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Quote from: tvplus006 on December 11, 2022, 08:56:59 AM

Quote from: RAppleby on December 10, 2022, 03:31:40 AM

For long-term investment, you will not panic because of short-term price fluctuations. Although you may make less money in the short term, the long term is safer than short-term investing (provided you are investing in value coins, not meme coins). You can spend more time analyzing market conditions.

You will not panic only if you do not follow the price changes in the cryptocurrency market. If you regularly monitor the change in the value of your deposit, then you will be just as upset that it is decreasing as other traders. Now you may be upset that you could have bought more bitcoins if you hadn't done it a few months earlier.

Panicking will only hinder you to be successful in trading. Cryptocurrency is too volatile and the prices aren't constant so the drop in prices might only make you feel doubtful if you'll keep on monitoring the market from time to time. If you enter trading, you have to make sure that you're also emotionally prepared and will have enough patience until you reach your target profit. It will take a lot of patience so you really have to trust the process.

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Quote from: RAppleby on December 10, 2022, 03:31:40 AM

For long-term investment, you will not panic because of short-term price fluctuations. Although you may make less money than in the short term, the long term is safer than short term investing (provided you are investing in value coins, not meme coins). You can spend more time analyzing market conditions.

You will not panic only if you do not follow the price changes in the cryptocurrency market. If you regularly monitor the change in the value of your deposit, then you will be just as upset that it is decreasing as other traders. Now you may be upset that you could have bought more bitcoins if you hadn't done it a few months earlier.

Sayeds56

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Quote from: taufik123 on December 10, 2022, 04:25:00 AM

Quote from: Mr. Magkaisa on December 04, 2022, 02:53:47 AM

-snip-
And another thing that can be done if you do long-term investment here is that if you have extra money, you can also do the DCA (Dollar Cost Averaging) style method, this is investing in crypto every week every two weeks depending on you because the purpose is only This means that your cryptocurrency investment should be consistent so that you can increase your holdings of crypto and at the same time you can avoid the volatility of the market. Many well-known investors do this.
-snip-

To do DCA requires sufficient capital strength, so financial management is needed. within the specified time, buy the crypto regularly that you want to invest. Whatever the price, I will continue to buy regularly. In general, it's like saving and investing in crypto. As long as finances are still safe, DCA will continue to be implemented until the main price target is achieved. Bitcoin is a recommended investment for the long term using the DCA strategy.

No doubt sufficient funds are needed to accumulate Bitcoins by using DCA strategy, but it is equally important to make buying only on major dips (I think 20% dip is good opportunity) because if we continue buying on every small dip, then obviously we will run out of funds quickly and miss out big buying opportunities. Hence, DCA strategy should be used wisely and with patience in bear market because we never know where the bottom is.

Silberman

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Quote from: Sayeds56 on December 09, 2022, 11:11:00 AM

Quote from: tvplus006 on December 09, 2022, 04:23:32 AM

Quote from: Vlad1977 on December 09, 2022, 04:15:54 AM

Long-term investment: An investment held for more than 5 years. Although few people say that they are short-term investors, there are actually many such people! In the context of long-term investment, entrepreneurs may invest in strategies, research, or some projects that have high personal returns, but shareholders expect relatively low monetary returns.

Long-term investments should coincide with the cycles that are caused by bear and bull markets. Thus, it is necessary to make investments at the end of the bear market and the beginning of the bull market, and after reaching high, it is necessary to sell your coins and wait for the start of a new cycle.

I think it is not easy to identify the end of bear or bull cycle with 100% accuracy but what we have learnt from our experience that Bitcoin usually falls 80-85% from its all time high before it starts recovering, Hence we should start accumulation around that level and continue buying on every dip. This is what I think is right strategy based on historical trend of Bitcoin but it is not necessary that history always repeats itself.

It is not easy but it is also irrelevant to try to identify the bottom of market, when you look at the charts it is very easy to think that if you bought at the bottom then not only you could maximize your profits, you will also be able to hold your coins and never face a day in which you will be losing money, but not only this is unrealistic it is also something impossible to do, so we need to create a strategy that allow us to profit from the markets without the need for such a precise prediction.

taufik123

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Quote from: Mr. Magkaisa on December 04, 2022, 02:53:47 AM

-snip-
And another thing that can be done if you do long-term investment here is that if you have extra money, you can also do the DCA (Dollar Cost Averaging) style method, this is investing in crypto every week every two weeks depending on you because the purpose is only This means that your cryptocurrency investment should be consistent so that you can increase your holdings of crypto and at the same time you can avoid the volatility of the market. Many well-known investors do this.
-snip-

To do DCA requires sufficient capital strength, so financial management is needed. within the specified time, buy the crypto regularly that you want to invest. Whatever the price, I will continue to buy regularly. In general, it's like saving and investing in crypto. As long as finances are still safe, DCA will continue to be implemented until the main price target is achieved. Bitcoin is a recommended investment for the long term using the DCA strategy.

RAppleby

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For long-term investment, you will not panic because of short-term price fluctuations. Although you may make less money than in the short term, the long term is safer than short term investing (provided you are investing in value coins, not meme coins). You can spend more time analyzing market conditions.

ethereumhunter

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Quote from: Heulahee on December 09, 2022, 11:50:48 AM

For Long term investing, knowing about the coin's project and its backends, who is going to manage it? A strong team or any other person who did are new in cryptocurrency, through which there must be some new ideas light up in the traders' mind. As, I had always done long-term trading, which gives me profit but a little. And I'm happy though.

That's why before we start investing in a project, we should research and find more information about the project to find the right one. But that also doesn't guarantee we can invest in the right project, especially if the project can't last long in the market. Only projects like bitcoin can last a long time in the market and altcoin or other projects will come and go to fill the market according to the trends that will come next.

And if you know when to get out of investing in one project, you may be able to take big profits when the price of the coin or token increases so that you can move on to another, more promising project. But always use bitcoins as your main investment because the price of bitcoins will increase in the future.

Sayeds56

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Quote from: Heulahee on December 09, 2022, 11:50:48 AM

For Long term investing, knowing about the coin's project and its backends, who is going to manage it? A strong team or any other person who did are new in cryptocurrency, through which there must be some new ideas light up in the traders' mind. As, I had always done long-term trading, which gives me profit but a little. And I'm happy though.

Invest in Bitcoin with long term vision and relax, no need to follow current trends or watch trading screen on daily basis to see how market is performing because most of market experts think putting your money in Bitcoin is the best investment because it has increased its worth over period of time because its supply is limited, and it will shrink with every halving. Next halving is likely to happen in 2024 when Bitcoin is likely to make new ATH, as per prediction of most of market analysts.

Heulahee

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For Long term investing, knowing about the coin's project and its backends, who is going to manage it? A strong team or any other person who did are new in cryptocurrency, through which there must be some new ideas light up in the traders' mind. As, I had always done long-term trading, which gives me profit but a little. And I'm happy though.

Sayeds56

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Quote from: tvplus006 on December 09, 2022, 04:23:32 AM

Quote from: Vlad1977 on December 09, 2022, 04:15:54 AM

Long-term investment: An investment held for more than 5 years. Although few people say that they are short-term investors, there are actually many such people! In the context of long-term investment, entrepreneurs may invest in strategies, research, or some projects that have high personal returns, but shareholders expect relatively low monetary returns.

Long-term investments should coincide with the cycles that are caused by bear and bull markets. Thus, it is necessary to make investments at the end of the bear market and the beginning of the bull market, and after reaching high, it is necessary to sell your coins and wait for the start of a new cycle.

I think it is not easy to identify the end of bear or bull cycle with 100% accuracy but what we have learnt from our experience that Bitcoin usually falls 80-85% from its all time high before it starts recovering, Hence we should start accumulation around that level and continue buying on every dip. This is what I think is right strategy based on historical trend of Bitcoin but it is not necessary that history always repeats itself.

btc_angela

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Quote from: Pujangga on December 08, 2022, 05:21:11 AM

A good project usually takes at least 2 years to enter the top or top 50, if there is a new project that has not been a year but has entered the top 50 then we must be vigilant, maybe the developer has a sponsor who continues to pump so that the time will come for them to sell all their stock that is there so it will drop.

I haven't seen it though, you have the data to back up this claim? I'm interested to see which project in the top 50 now took at least 2 years to get to that spot.

Quote from: Sang Prabu on December 09, 2022, 05:42:24 AM

If we want a big profit, the easiest thing is to buy and hold at least 2 years, I'm sure after holding 2 years we have the opportunity to get a profit of at least 100% or 50% per year, and this cannot be obtained in other types of investments such as property, stock and stock So, the best thing is the long -term hold.

I guess if we want to have a big profit then we should be patience at all. We shouldn't think that this is a get rich quick scheme. It will take some time for us to have great money here. Maybe there are people who invested at a right time and then get that huge profit but it is not the case. Yeah a good two years of holding or at least invest in a bear market and then wait till the next bull run will be a good idea and strategy.

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Quote from: Marvell1 on December 09, 2022, 04:50:55 AM

Quote from: len01 on December 09, 2022, 12:42:05 AM

Quote from: wiss19 on December 08, 2022, 04:38:22 PM

I wish I knew this earlier. Long-term investment is a lot less stress free and things are a lot easier when we are talking about not looking at the prices every 5 minutes. People do not realize this of course, and that causes a little bit of trouble, but the reality is that the best thing we could do is long term investment.

because people, especially novice investors, have the assumption that crypto can bring quick profits by means of short-term investments.
even though indirectly it is very risky and more stressful when every time you have to see the price of the coin you are holding.
some people also don't realize that long term investment is actually more profitable and more comfortable especially if we hold the right coin like top 10 in coinmarketcap.

to be honest, after I experienced for myself how easy it is to invest long-term and greatly minimize the risk of selling too fast and high prices when the bullish season arrives.

Long-term investing is much more comfortable than trading or speculating, but it depends on the asset you choose to hold. I don't think holding ten top coins will make you feel comfortable, I mean investing in altcoins shouldn't be considered long-term. If you were a victim of the Luna or FTX crash, you wouldn't consider altcoins a safe long-term investment. For this market, long term investment is only correct if your portfolio is bitcoin, the rest is not suitable for long term investment.

especially centralized altcoins. because centralized altcoins have a big risk when they are discarded by the project owner.
I'm not saying all altcoins are bad but that's the truth after some of the cases that you have mentioned.
but all of that goes back to the initial target of the investors themselves to choose investments in altcoins or bitcoins.
I'm sure all crypto has different risks, but we have choices to avoid bigger risks.

anyway I actually wanted to mention bitcoin but I'm just afraid if it's considered out of topic

Sang Prabu

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If we want a big profit, the easiest thing is to buy and hold at least 2 years, I'm sure after holding 2 years we have the opportunity to get a profit of at least 100% or 50% per year, and this cannot be obtained in other types of investments such as property, stock and stock So, the best thing is the long -term hold.

Sayeds56

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Quote from: TravelMug on December 08, 2022, 04:24:40 AM

Quote from: Sikinkato on December 08, 2022, 02:12:28 AM

The best token suitable for long-term investment is Bitcoin, and its development history of more than ten years has proved this point. Even in a bear market, Bitcoin is still in an upward trend from its appearance to now.

Yes, but to correct you, Bitcoin is not a token, it's the top crypto that's why as you have described it, the best investment. And even if we are in the bear market, you can still make money out of it. Although the best approach is to buy cheap thru DCA and hold for the next bull run.

Quote from: Sikinkato on December 08, 2022, 02:12:28 AM

The market is completely unpredictable and highly volatile. Not all cryptocurrencies are very long-term investments, and decisions about long-term or short-term investments should be made based on research on the tokens.

True, not all cryptos are created the same, some are best for long term, and then there are due to pump and dump scheme in this market, it could be used for short term only. And once you make money, then rinse and repeat, look for the next crypto to pump.

Yes! Bitcoin is not a token it is coin because it has its own block chain, and it operates on it, whereas tokens are also digital asset but don't have their own block chain and they are issued by using existing networks.

For long term holding, Bitcoin is the best digital asset and historical track record of its performance , has proved it again and again.

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Quote from: len01 on December 09, 2022, 12:42:05 AM

Quote from: wiss19 on December 08, 2022, 04:38:22 PM

I wish I knew this earlier. Long-term investment is a lot less stress free and things are a lot easier when we are talking about not looking at the prices every 5 minutes. People do not realize this of course, and that causes a little bit of trouble, but the reality is that the best thing we could do is long term investment.

because people, especially novice investors, have the assumption that crypto can bring quick profits by means of short-term investments.
even though indirectly it is very risky and more stressful when every time you have to see the price of the coin you are holding.
some people also don't realize that long term investment is actually more profitable and more comfortable especially if we hold the right coin like top 10 in coinmarketcap.

to be honest, after I experienced for myself how easy it is to invest long-term and greatly minimize the risk of selling too fast and high prices when the bullish season arrives.

Long-term investing is much more comfortable than trading or speculating, but it depends on the asset you choose to hold. I don't think holding ten top coins will make you feel comfortable, I mean investing in altcoins shouldn't be considered long-term. If you were a victim of the Luna or FTX crash, you wouldn't consider altcoins a safe long-term investment. For this market, long term investment is only correct if your portfolio is bitcoin, the rest is not suitable for long term investment.

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