Bitcoin Forum

Recently, San Francisco hosted a financial conference MoneyShow, where the speaker was the well-known analyst Charlie Schrem. He believes that those who invest in cryptocurrencies need to keep their investments for at least five years.

"Choose something from the top 10 or top 20, choose carefully, study and then invest. Any cryptocurrency that you buy, keep at least five years. Just fix your portfolio for this period. There is a high probability that its value will grow during this period, as bearish and bullish trends in the market usually last about 2 years.”

Cryptocurrencies are the most volatile asset of all known. Daily growth or fall of 10% has become the norm, and similar movements of 90% for the year are still possible, at least so showed the current and previous bear markets.

And although bears sometimes take precedence over the crypto market, but every two or three years there is still a rally that takes bitcoin and other cryptocurrencies to new heights. Thus, if investors follow the advice of Shrem, they are likely to earn.

Schrem was one of the first crypto-enthusiasts. He started investing in bitcoin back in 2011 and is a co-founder of the Bitcoin Foundation. In addition, he founded BitInstant crypto-exchange, which held 30% of all trading volumes in 2013. It even invested Roger Ver and the Winklevoss Brothers, but later she was forced to pay a fine of $1 million for the fact that someone used bitcoin to buy illegal psychoactive substances on Silk Road. Because of this, he also spent a year in prison.

But despite all this, he remains an ardent supporter of bitcoin and is now the head of crypto.iq-a company that gives investment advice and provides the necessary resources. He believes that the emergence of more than a thousand new cryptocurrencies is undoubtedly a good thing, but bitcoin will always be the king of the crypto market.

"These 1600 koin are "guerrilla marketing". They all appeared on everything ready, built by bitcoin in the first days of its existence. They entice people, they care about them, but bitcoin will always be a "daddy": the gold, in which most of the crypto-investors keep most of their portfolio. After some time, you will see that the total number of bitcoin transactions will fall, as people will use it more to store savings, because it is known that if it fails, then all cryptocurrencies will fail.”

The speaker has told a very important policy. To get a long term profit and for survivability of any investment project, long-term investment is the heart. But most of the people here invest for short term only. Investors should also go for long or at least mid-term investment.

I'm sorry, but there is just no way bitcoin will be more valuable in 5 years.
That's like saying that the current iphone (iphone X) will be more valuable in 5 years than now.
Why on earth would anyone pay more for btc when there are so many better choices out there?
And you think in 5 years btc will still be the best blockchain out there?
No way.

But, in the short term, I still think btc has one or two more pumps in it.
It would be beneficial to still keep a btc based portfolio then sell it off when we see it hit 15k usd or more.
But after that, migrate your portfolio to something else.

you have to realize that all of these bitcoin hodlers are mostly basing their analysis off of their own experience, which actually isn't relevant anymore.
we are beyond the hodl era.

It's quite interesting to talk. Many novice crypto investors do not understand this, although for those who want to see big profits in the long term this is the main Grail of knowledge.

Theres no reason why bitcoin wont stay king even if other superior blockchains exist. If bitcoin continue down the road that some developers are taking it (store of value) then since its been around the longest its also one of the most diluted coins. Any new contenders have to dish out coins one way or another be it icos, giveaways or however they decide but theres still going to be large coin centralisations. Even bitcoin still has large whales meaning centralisation but of all the coins its had the longest amount of time to dilute its supply amongst thousands of people. And as the total coins are divided more and more between a larger amount of people the value is sure to rise due to the limited supply.

if there were any half better choice than bitcoin then they would already grown huge by now. the market is not something that takes time to realize a good potential. it will be fast.

but this is a free market, feel free to bag hold shitcoins thinking they are "better" and lets come back in a couple of years and see who made more profit which coins don't even exist any more :D

Seriously? Comparing bitcoin to iphoneX is crazy. Bitcoin is an asset and iPhone X is just a gadget that depreciate in just some months. Nice logic huh. ;D


Oh yeah just believe that. Can you cite us some coins that's better choice than bitcoin. Let's see if 5 years is enough for your shitcoins or should I say if it still even reach 5 years.


Yes we're basing our analysis to our experience or rather on history since we already saw how bitcoin struggle from its ups and downs.

You are taking it all wrong dude. The chances are quite high that the price of BTC will increase more over the time and in the next 5 years it will at least be more than the double of the current price. The example you took of iphone X is not relevant here because the iphone X is a liability while bitcoin is an asset. The value of a liability decreases over time while value of an asset increases over time. Despite that, BTC is the major pair of crypto and hence any coin that you say "might" be better than BTC should be paired with it and hence this will also eventually increases bitcoin's price.

For a long time bitcoin holds the first place and no coin has yet managed to even come close to its value. I think this is a good indicator for such a time and we cant say that bitcoin when it will be no longer relevant. So far, there are no prerequisites for this.

If you really want to hold the bitcoin that you have for the next 5 years, hold it might be something worth trying. By looking at bitcoin which from 2009 to 2017 and then within 8 years of bitcoin can increase its price so far until now.

Actually this speaker has focused on the mid-term investment policy. We have seen that many investors of this market is shot seller and so some face profit where some face loss. But the market needs more long term investors for the development of the market as well as for earning good profit for the investors.

Good idea for long term hold, but I will add you prepare your mind for log term, but if you get a good chance to sell your bitcoin in this period…you have to sell & wait for a dump to buy again.
If you run this cycle patiently then you can make a good profit to reaching five years.

You can't use iphone and compare it to bitcoin. For all we know, a gadget like iphone is not an asset that appreciate, it's a thing that losses value and can never gain value in time. Bitcoin may be losing its value now but it's more of an asset that has a very big potential to appreciate.

I believe that it is very difficult for us because if we see good growth and a great deal of profit then we will sell it much faster!

The key focus here is on the mid term investment. And we have seen people in the market who are here for the short run only. That is, they will only cash and dash. But in reality, we need people who will be here for long term instead of short term.

No doubt bitcoin is gonna be very precious and expensive asset in next five years, i cannot wait to see one satoshi equal to one dollar, i know it will be huge milestone but it is realistic especially if we see more bulls like we seen at the last part of 2017.

Personally, i think this should be a personal decision although I see sense in what he is saying, if bitcoin is this price now, it would definitely explode in 5yrs.

That’s right because you never know how the market will work in next year. For the users who have bought last year with high price now they are getting low price. If they sell coins now it will be a big loss for them. So they need to be patient and wait for the price to rise.

The "buy and hold" strategy has always ensured good profits in the long term, as the big investors say. If you are sure that in five years bitcoin will not disappear anywhere, then 100% it will cost more than today.

I believe that it is correct to keep your cryptonyms for a long time. But not everyone can stand such a long time, for this one needs strong patience. Also, a big plus of what you can earn is also a large sum.

It is not a bad policy but how many people have held their coins for five years? I consider myself a long term holder and I am planning to hold for that long or even longer if necessary and yet I only began to hold my coins two years ago, so how many people in the forum qualify as long term holders of five years? Especially when this market is only 10 years old.

I don't think anyone need to be told to hold or sell or give out his or her bitcoin for free again the decision is for individual to make

Awesome article and advice.  IF you pick the correct coins and hold long term you will make immense gains.  The beauty of this horrible market is if your looking ot build long term positions and you are able to pick quality, long term you will only win with this strategy. 

At this time the emergence of more than a thousand new cryptocurrencies is undoubtedly a good thing, and bitcoin will always be the king of the crypto market.They remains an ardent supporter of bitcoin and is now the head of crypto.iq-a company that gives investment advice and provides the necessary resources. so u can easily Keep your bitcoins for long trum .

Yes, I agree, now the market will grow for a long time, since there are a lot of altcoins, and there are not enough investors in the market.

This could be a great step to becoming a millionaire without doing any business. Ten thousand worth BTC holding for five years will turn anyone a millionaire, but who dare to do that when most people fall in altcoin trap of huge profits commitments? Well, if 10k is huge, maybe you can hodl 5k worth BTC for five years, good luck.

How can you predict something for 5 years ahead? For 5 years, the top 20 coins can pass positions to new projects, with the exception of bitcoin, of course. Of course, projects from the top 20 have made a revolution in their industry, but this does not prevent someone from making a revolution again.

I for myself found out one, it is better to sell at peak and to increase the bags, than just to sit and watch!

Bitcoin is a coin that will always go up. Maybe slowly but steadily it has able to maintain its top position in the market and the price which was facing down fall from the beginning of this year it has recovered well. So no one should sell bitcoins right now.

I fully support that idea. I am set up to hold cryptocurrency in the long term. Especially bitcoin. There are also some good altcoins that I think will be much more expensive in the future.

The point of view of the speaker is very well explained and because of this I may also keep my altcoins for about five years from now, but those are only chosen altcoins like what the speaker said, only top 10-20 or maybe lets make it top 30, Im gonna choose altcoins from that top 30 that I believed has the potential to grow after five years. We'll try it, anyways cryptocurrencies were a risky thing and Im gonna gamble for it.

We have to hold our coins for years (if not trading with them) as bear market can last for years. We had that situation from from 2013-2017 and now we have it for 8 months. So, we have to be prepared for long run and be patient.

Of course we should be prepared all the time.But i think the bear market won't really lasts that long because i still believe that before this year ends,the market will have a good condition already.Holding bitcoins for five years might give us huge profits already in the future.

I do agree of the idea of holding for a long period of time but be realistic and do not expect of that much increase just because it is a 5 long years. Keep in mind that consistency is lacking on every crypto so increase won't be totally comtinuous. Given that cryptos are being adapted by different countries, issues may suddenly appear as years are passing by which may be against the cryptoindustry or may also be in favor for it.

The crypto market is a very profitable market despite everything, i think it's worth the wait. Those who want to make a good profit on a traditional market say they have to wait an average of ten years. We will just try to choose the right cryptocurrencies.

I am keeping my Bitcoins for over than 4 years now and I am planning to do so in the next years that are coming. I think Bitcoin is not an investment for short terms, it is long time investment and especially now, market needs to be recovered again, then we can talk about earning big bucks and making a profit of a lifetime.

He may be right but I guess there will be a king of all platforms. Probably nem could be number 1 as I can see they have they best smart contracts and they are number 4 https://www.rise.global/blockchain-100/r/2585477 but if you think bitcoin will rise more than we expect then go buy. I think all materialized if crypto are on mainstream. Believe me anything is possible.

You're right in the future the total number of Bitcoin transaction (on chain) will be reduced because of the lightning network.

Bitcoin won't fail just because of the reduced transactions. Bitcoin can maintain a high demand regardless of the total transactions.

If we see more people buying more Bitcoin in the future only to hold it for at least 5 years then how is Bitcoin going to fail since they won't be dumping any of their investment.

Altcoins won't fail if Bitcoin starts to fail they're not related except for the price.

5 years in holding for Bitcoin is not pretty bad but you aren't profitable if you just keep on holding. It is better if you invest some of it into other coins while holding on it. Bitcoin market trend isn't good now but it rebound soon for sure.

Yet the trend tell it all.

1. Bitcoin pump, altcoin dump
2. Bitcoin dump, altcoin dump more

Since bitcoin is dominating the cryptos, when investors see that bitcoin is struggling and fuds are spreading, they easily loss trust and dump their altcoin. Though when bitcoin pump, they sell their altcoin and diversify more in bitcoin.


Yeah after all, it's profitable unless someone here is a FOMO and bought at $19k.

Cryptos are unpredictable and so the price of bitcoin. Good thing I sell my eth last month and buy more bitcoin or unless I'm doomed now.

I do not agree with this. I think the bitcoin price will not increase in 5 years. You will lose a lot of money when you keep the bitcoin too long. You should keep bitcoin for a year.

Buy and hold longer will give you good profits as the price of bitcoin is predicted that this will rise higher in the future. The only problem here is to test your patience while the market price is keep on falling. Your money will be trap with the bearish situation as you can't withdraw unless you will sell it in losing price. Waiting for five years is a quite longer as the price is too volatile. Don't be too greedy the market changes everyday.

That is a good strategy because you don't need to check the market whether it is dumping or pumping. Many long term investors did you that and Bitcoin never failed them. It is far more better than investing in stock market because it has more potential to get a bigger profit.

As a matter of fact, this is not much different from my plan, as I also plan to hold my tokens and coins for at least 3 years and I tried to invest in top coins and coins with good projects that will be able to survive in the future.

keeping bitcoin for at least five years for advanced crypto users is not practically possible, except the person will forget the password to his wallet and totally try to forget about crypto generally, that's the only way one can keep bitcoin for atleast five years

Keeping my bitcoins for five years, Maybe i'm going to become a rich person on that.
But it was too long to keep our bitcoin maybe we can sell it early if the price of the bitcoin be going crazy and be reach to price of $20000 that was high value ill can see through my eyes.

It is a good idea and btc will be the king of the marekt for  a long time. We can hold them for quite long and we will find the suitable profit in the coin. It will be the leader of the future bull market.

I agree with you that keeping bitcoin will be profitable. But do we have the patience to hold it for five years? To me it is very difficult to keep a coin for too long. When the market continuously decreases, our will, patience decreases.

Your analysis is correct, if you take a long position in bitcoin you will definitely profit eventually, the problem is that you will have to wait for a very long time for that to happen and many people simply do not have the patience to hold her coins for that long especially when their expectations about this market were of making a fortune in just a few weeks or months.

The question is how safe is your Bitcoin stored for 5 years.
Considering this is a lot of clever hackers and start looking for loopholes to steal Bitcoin in the Bursa wallet.

within the next five years will certainly occur a considerable change in the crypto. If you see a chart of the previous few years certainly did indeed increase the bitcoin quite exceptional in five years. However, it could also be a question of whether to hold five stands amid many distractions that surely there must be some. When can certainly consistent big results can be obtained.

If you want a long-term profit, you can invest in altcoins. either at all in ripple