Absolutely true! Bitcoin is the only coin I will be holding and there are few other altcoins for transactions, games, and services. We have seen it thousands of times how the market reacts every time Bitcoin goes bearish or bullish, altcoins are only following the trend, with some differences but surely with more risk for your portfolio and assets to disappear or becomes worthless.
What matters for us as investors is that Bitcoin will always stay more stable even safer than stable coins. I don’t find any reason to hold my assets as any altcoin form.
Topic: Why you should only hold Bitcoin (Read 2462 times)
How do you know this is the best time to invest in altcoins? Who can benefit from investing in coins now? It would have been better if you could have explained it better.
Did you not listen to what he was saying? Altcoins are amazing for Short Term Profits. Nothing feels greater than putting all your Life Savings into an Altcoin, watching it become a fortune and almost immediately vanishing in thin air due to a Scam or becoming close to nothing due to a dump.I wish I could see the Wallet Balance of all those people who suggest investing in Altcoins over Short Term for making Money. It may work once or twice, but then you end up putting a significant amount of Money at the wrong time and you will be stuck for years with the hope of just making it even. I mean. In most cases, I would be happy and proud if I can even take back my Money. It mostly ends up in a big loss and regrets.
But sure, Altcoins are amazing for Money making! In the dreams, of course.
Those who can invest in Bitcoin for a long period of time will prosper in the future. Those who invest in Bitcoin will never make a profit if they invest for a very short period of time. Because it is better to invest in Bitcoin for a long period of time.But for those who want to invest in Altcoins, I want to say that before investing in Altcoins, think carefully before investing. I think it is the right time to invest in Altcoins for a short period of time, so if anyone wants to invest in Altcoins for a short period of time, Advise to invest in Altcoins.
How do you know this is the best time to invest in altcoins? Who can benefit from investing in coins now? It would have been better if you could have explained it better.Hey, investing in Bitcoin for a short period is not profitable. The mile board should be a giant from which to bring something big. To think like this, one must think long-term. Doing this for a short period will do nothing.
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Listen I understand and hear what you're saying. I mentioned in my early post that Bitcoin is the only option to "invest" in. Investing really requires a long term outlook. I have no doubt that there is opportunities to make great returns by day trading or swing trading other altcoins - but at the end of the day it really is just gambling. Think of "holding" as something you do over the long term, and the long term isn't 1-2 years.
While trading isn't a bad approach to making a profit, $100 is much more worthwhile if you actually use it to invest in growing your skills and ability to understand the market and its dynamics. In other words, it is better to invest in the growth of knowledge than to invest directly in an asset that you hope will bring you wealth if you don't really understand it yet.
Those who can invest in Bitcoin for a long period of time will prosper in the future. Those who invest in Bitcoin will never make a profit if they invest for a very short period of time. Because it is better to invest in Bitcoin for a long period of time.But for those who want to invest in Altcoins, I want to say that before investing in Altcoins, think carefully before investing. I think it is the right time to invest in Altcoins for a short period of time, so if anyone wants to invest in Altcoins for a short period of time, Advise to invest in Altcoins.
Yes, investing anywhere to get maximum or optimal results does take a very long time, no one has succeeded in investing in a short time. If you want to prosper or have sufficient finances for the future, you must earn income from more than one of the businesses you manage. We cannot expect much if we only build one foundation and we will succeed or prosper there. In this case, you should make several investment bases, more than one. Indeed, many altcoins have emerged in the cryptocurrency market, they are competing to be the best in the cryptocurrency market. Indeed, we have to be careful in determining or determining our choice of altcoins, if we have been around for a long time. In cryptocurrency, of course we don't just choose or carelessly altcoins, of course we choose alt coins that have good fundamentals in this case.
When it comes to holding potential, Bitcoin stand to be the best coin, historically it has been making a new all the high, so holding for long term for like 4 years and above will really much profitable, Bitcoin when it falls it rises again unlike most of other coins when they fall they don't rise easily, to make the long story short, the performance of Bitcoin always determine the performance of other coins.
Currently the only option to invest in and hold over the long term is Bitcoin. It is the only truely decentralised cryptocurrency, with a finite supply and being used for its original intention on a regular basis - a storage of wealth that is not impacted by inflation, and the ease of making borderless transactions.
What I am ultimately getting at here in the theme of my post is that there is no other coin besides Bitcoin, which you can trust can be held over the long term. What are your thoughts?
As much as I agree with you that Bitcoin is indeed; the only crypto currency that can be completely trusted to be held for a very long time due to its totally decentralized nature and limited supply, What I am ultimately getting at here in the theme of my post is that there is no other coin besides Bitcoin, which you can trust can be held over the long term. What are your thoughts?
I will be honest with you, there are several Altcoins out there that are worth holding too, aside bitcoin, many Altcoins have made alot of people millionaires and billionaires in this space and even in the outside world, this is for those who's goal is to get rich through cryptocurrencies, if this is your goal, then you just have to diversify your investments into Altcoins while holding as much bitcoin as you can afford.
See money in bitcoin as a retirement funds or savings, and see money in Altcoins as investments for short term and mid-long term profit.
Don't hold bitcoin alone, you will regret it at the end of the day, except you are really good at closing your eyes to missed opportunities.
Listen I understand and hear what you're saying. I mentioned in my early post that Bitcoin is the only option to "invest" in. Investing really requires a long term outlook. I have no doubt that there is opportunities to make great returns by day trading or swing trading other altcoins - but at the end of the day it really is just gambling. Think of "holding" as something you do over the long term, and the long term isn't 1-2 years.
Before investing in other altcoins, research should be done properly. Not everyone understands that investing in altcoins is risky especially for holding on a long-term basis. Other cryptocurrencies seems to be on the rise every day and individuals will continue to invest in other altcoins because of the of quick gains and unrealistic promises it offers.
Holding Bitcoin especially for a long-term have proven to be beneficial and profitable to investors who held onto it. Bitcoin shows to be resilience to withstand the test in time without losing value, unlike altcoins that lacks the capacity to withstand and recover from difficulties faced in the crypto market. Due to the volatile nature of cryptocurrencies, investing in a crypto that cannot recover might result to loss of funds. Holding bitcoin is a preferable choice over altcoins because of it resilience, longevity and potential growth.
Holding Bitcoin especially for a long-term have proven to be beneficial and profitable to investors who held onto it. Bitcoin shows to be resilience to withstand the test in time without losing value, unlike altcoins that lacks the capacity to withstand and recover from difficulties faced in the crypto market. Due to the volatile nature of cryptocurrencies, investing in a crypto that cannot recover might result to loss of funds. Holding bitcoin is a preferable choice over altcoins because of it resilience, longevity and potential growth.
It is a good opportunity to buy and hold Bitcoin now as it can definitely pay off. But some people say that Bitcoin will fall further and its price may reach 40k. Still this is hard to be sure of. Bitcoin has seen a lot of ups and downs. Hence , it looks like Bitcoin may fall to 40k. It is important to understand risk when investing. Are you thinking of investing right now.
Using DCA one doesn't need to buy only when the price dips or sell at bull run. You can set a weekly or monthly budget to be used for accumulating so you don't necessarily wait for dips or pumps. Waiting for dips sounds more like trading and if you miscalculated the trend due to trend change you'll run at loss, which is not the desire of any bitcoin enthusiasts it may or not dip further but either ways we have to be prepared for the outcome by holding for long term.
Let's be real here, we're not solely in the bitcoin train/cryptocurrency world for the "technology" or because "it's the second-coming of money jesus". We're here for the profits and the money that the crypto scene could bring. And as it stands today, investing solely on bitcoin and nothing else is going to give you more trouble than benefits.
Ever heard of the term "putting your eggs in more than one basket?" So when one of those eggs do break you don't end up with all of your shit useless? The same could be said for your assets and investments. Diversifying your money ensures that you have a stake at everything that could pump, and just in case the market doesn't feel like going into your favor, you don't end up losing everything in a single asset.
Imagine if you bought nothing but bitcoin at this market and you're seeing the coin lose its support as it slowly plummets to 50k and below, you're probably praying to Satoshi Nakamoto right now, and don't get me started with "But it's gonna pump anyway soon", are you really going to be able to wait for that long? with the mindset that makes you think you only need bitcoin and nothing else?
Ever heard of the term "putting your eggs in more than one basket?" So when one of those eggs do break you don't end up with all of your shit useless? The same could be said for your assets and investments. Diversifying your money ensures that you have a stake at everything that could pump, and just in case the market doesn't feel like going into your favor, you don't end up losing everything in a single asset.
Imagine if you bought nothing but bitcoin at this market and you're seeing the coin lose its support as it slowly plummets to 50k and below, you're probably praying to Satoshi Nakamoto right now, and don't get me started with "But it's gonna pump anyway soon", are you really going to be able to wait for that long? with the mindset that makes you think you only need bitcoin and nothing else?
Hodlong is a thongof mentality which is understanding and when the understanding is not their hodling seems very difficult. When their is understanding people don't force their self to participate. Understanding hodling it makes investors to see reasons why investing in Bitcoin is very important, the understanding of hodling makes investors to figure out good plans in other to prepare for the next hodling.
Holding Bitcoin really gives investors a new perspective. But now bitcoin is continuously going down and now the price of bitcoin has become a lot of curb for the holders due to sudden dip. Despite the dip, history shows that those who hold onto their bitcoins ultimately benefit. And finally holding strategy is beneficial for investors.This is not the first time we are experiencing dips or situations like this where the price of bitcoin dips instead of pump. To my best of knowledge this is a good opportunity to start holding or accumulating more because you'll get it cheaper than the normal price or when Bitcoin is at its bull peak. Holding is the best strategy for bitcoiners as it is very reliving . But only the strong minds/ discipline type makes it out without getting emotional and selling their coin.
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Currently the only option to invest in and hold over the long term is Bitcoin. It is the only truely decentralised cryptocurrency, with a finite supply and being used for its original intention on a regular basis - a storage of wealth that is not impacted by inflation, and the ease of making borderless transactions.
What I am ultimately getting at here in the theme of my post is that there is no other coin besides Bitcoin, which you can trust can be held over the long term. What are your thoughts?
As much as I agree with you that Bitcoin is indeed; the only crypto currency that can be completely trusted to be held for a very long time due to its totally decentralized nature and limited supply, What I am ultimately getting at here in the theme of my post is that there is no other coin besides Bitcoin, which you can trust can be held over the long term. What are your thoughts?
I will be honest with you, there are several Altcoins out there that are worth holding too, aside bitcoin, many Altcoins have made alot of people millionaires and billionaires in this space and even in the outside world, this is for those who's goal is to get rich through cryptocurrencies, if this is your goal, then you just have to diversify your investments into Altcoins while holding as much bitcoin as you can afford.
See money in bitcoin as a retirement funds or savings, and see money in Altcoins as investments for short term and mid-long term profit.
Don't hold bitcoin alone, you will regret it at the end of the day, except you are really good at closing your eyes to missed opportunities.
Those who can invest in Bitcoin for a long period of time will prosper in the future. Those who invest in Bitcoin will never make a profit if they invest for a very short period of time. Because it is better to invest in Bitcoin for a long period of time.But for those who want to invest in Altcoins, I want to say that before investing in Altcoins, think carefully before investing. I think it is the right time to invest in Altcoins for a short period of time, so if anyone wants to invest in Altcoins for a short period of time, Advise to invest in Altcoins.
Yes, investing anywhere to get maximum or optimal results does take a very long time, no one has succeeded in investing in a short time. If you want to prosper or have sufficient finances for the future, you must earn income from more than one of the businesses you manage. We cannot expect much if we only build one foundation and we will succeed or prosper there. In this case, you should make several investment bases, more than one. Indeed, many altcoins have emerged in the cryptocurrency market, they are competing to be the best in the cryptocurrency market. Indeed, we have to be careful in determining or determining our choice of altcoins, if we have been around for a long time. In cryptocurrency, of course we don't just choose or carelessly altcoins, of course we choose alt coins that have good fundamentals in this case. Most of the people know about the bitcoin. So people hold Bitcoin for future savings. Nowadays a lot of coins are in the market. But Bitcoin is the king of all coins. If investing in Bitcoin easy way to get more profit. So that is the reason to invest and hold Bitcoin.
The average person holds Bitcoin to make profit. But true believers of the coin only do so because they know BTC represents freedom. It's their chance to escape from the corrupt Fiat system controlled by central banks and governments worldwide. By holding Fiat, you become a "slave" of the system. People don't truly understand Bitcoin's intended purpose. They're all blinded by greed. There's nothing we can do to change that. Especially now with "Wall Street" in the game (via the launch of spot ETFs).
I'm afraid Bitcoin will eventually replace Gold as the leading store of value asset. Using it as a currency for day-to-day payments would be a long and distant dream. At least, BTC is decentralized and open source. And that's what matters.
Hodlong is a thongof mentality which is understanding and when the understanding is not their hodling seems very difficult. When their is understanding people don't force their self to participate. Understanding hodling it makes investors to see reasons why investing in Bitcoin is very important, the understanding of hodling makes investors to figure out good plans in other to prepare for the next hodling.
Holding Bitcoin really gives investors a new perspective. But now bitcoin is continuously going down and now the price of bitcoin has become a lot of curb for the holders due to sudden dip. Despite the dip, history shows that those who hold onto their bitcoins ultimately benefit. And finally holding strategy is beneficial for investors.This is not the first time we are experiencing dips or situations like this where the price of bitcoin dips instead of pump. To my best of knowledge this is a good opportunity to start holding or accumulating more because you'll get it cheaper than the normal price or when Bitcoin is at its bull peak. Holding is the best strategy for bitcoiners as it is very reliving . But only the strong minds/ discipline type makes it out without getting emotional and selling their coin.
Hodlong is a thongof mentality which is understanding and when the understanding is not their hodling seems very difficult. When their is understanding people don't force their self to participate. Understanding hodling it makes investors to see reasons why investing in Bitcoin is very important, the understanding of hodling makes investors to figure out good plans in other to prepare for the next hodling.
Holding Bitcoin really gives investors a new perspective. But now bitcoin is continuously going down and now the price of bitcoin has become a lot of curb for the holders due to sudden dip. Despite the dip, history shows that those who hold onto their bitcoins ultimately benefit. And finally holding strategy is beneficial for investors. 
Holding Bitcoin for the long term is fine, but keeping it in a wallet for the long term will definitely improve from here in the future. But the biggest loss you can face if you hold Altcoins is that you notice the only people holding Altcoins going bankrupt. Especially since many projects are getting destroyed from the market, so in my opinion it is best to hold on to Altcoins and give up hope of profiting. However, you can be successful with Bitcoin in the long run.
Those who can invest in Bitcoin for a long period of time will prosper in the future. Those who invest in Bitcoin will never make a profit if they invest for a very short period of time. Because it is better to invest in Bitcoin for a long period of time.But for those who want to invest in Altcoins, I want to say that before investing in Altcoins, think carefully before investing. I think it is the right time to invest in Altcoins for a short period of time, so if anyone wants to invest in Altcoins for a short period of time, Advise to invest in Altcoins.
Different persons have different ideology of holding Bitcoin for long time so the essence of holding bitcoin from my own perspective of life is that you have to understand the procedures of investment because holding Bitcoin is like having a target of multiplying what you have because any crypto investor have plans and the plan of holding bitcoin is to make a profit in future so the essence of holding bitcoin for long time is to make a profit in nearest future so that is why many persons indulge in Bitcoin holding and also bitcoin investment for long term
I agree with you. Keeping Bitcoin for a long time needs good understanding of investing and clear goal to make more money from initial investment in future. It is good decision that needs patience and a readiness to deal with changes in market. By holding onto Bitcoin for long time investors can benefit from its potential to grow over time and increase their chances of making profit. And we have seen in previous 6 months how Bitcoin proven itself and now it is hot topic in USA too. So holding on Bitcoin is definitely beneficial if we hold it for a long time.
Most of the people know about the bitcoin. So people hold Bitcoin for future savings. Nowadays a lot of coins are in the market. But Bitcoin is the king of all coins. If investing in Bitcoin easy way to get more profit. So that is the reason to invest and hold Bitcoin.
The average person holds Bitcoin to make profit. But true believers of the coin only do so because they know BTC represents freedom. It's their chance to escape from the corrupt Fiat system controlled by central banks and governments worldwide. By holding Fiat, you become a "slave" of the system. People don't truly understand Bitcoin's intended purpose. They're all blinded by greed. There's nothing we can do to change that. Especially now with "Wall Street" in the game (via the launch of spot ETFs).
I'm afraid Bitcoin will eventually replace Gold as the leading store of value asset. Using it as a currency for day-to-day payments would be a long and distant dream. At least, BTC is decentralized and open source. And that's what matters.
Holding Bitcoin for the long term is fine, but keeping it in a wallet for the long term will definitely improve from here in the future. But the biggest loss you can face if you hold Altcoins is that you notice the only people holding Altcoins going bankrupt. Especially since many projects are getting destroyed from the market, so in my opinion it is best to hold on to Altcoins and give up hope of profiting. However, you can be successful with Bitcoin in the long run.
Those who can invest in Bitcoin for a long period of time will prosper in the future. Those who invest in Bitcoin will never make a profit if they invest for a very short period of time. Because it is better to invest in Bitcoin for a long period of time.But for those who want to invest in Altcoins, I want to say that before investing in Altcoins, think carefully before investing. I think it is the right time to invest in Altcoins for a short period of time, so if anyone wants to invest in Altcoins for a short period of time, Advise to invest in Altcoins. Jump to: