Bitcoin Forum

Note: This is not about how to identify good coins to HODL
This is about how you can be a good long term holder

1. You must have another source of income
Either in crypto space or outside crypto space you must have other source of income,there was a time when i used to rely on coins i hold for monthly income but most time they failed me because some altcoins takes more than a month to add value. You can learn trading or find a better job to get constant income for your daily needs.

2. Not all altcoins are good for long term holding
Some altcoins are too weak to have better value overtime,these coins only add value to price once in a blue moon,WHY?because the power of demand is too low and they have no working product,i belief that working product is what makes a coin have many more investors

3.HODL Only Altcoins With Real Use Case
There are different categories of coins with use cases,many use case are weak use case,for example using fashion  designer to back a token is a weak use case to me because it means you can only use the token to buy the designer wears and many will call this a real use case? no it wont do very well.
Make sure that the real use case of every altcoins you hold will be very reasonable,the products backing them up must be something that is different and will catch the eye of investors,the usefulness  must be outstanding .

4. Stay Updated Always
Opportunity comes but once as many know it,so always stay updated about crypto,read crypto news online and keep tracks on your altcoins so that you wont miss future updated or even token swaps,some altcoins i hold have already switched to MainNet and im glad i dont missed the opportunity,you can use blockfolio app to track your altcoins.

Altcoin season is what many are waiting for,even new projects are waiting for altcoin season to return before they get listed on exchanges,im sure of one thing and that is good things dont come easily,today is bitcoin turn to reign and one day altcoins will have its day as well.

Totally agree with you

The only thing I want to emphasize is number 3

3.HODL Only Altcoins With Real Use Case

There's no better tip than this one, people and devs write some beautiful whitepaper, launch a coin and try to sell to another people, but they can't asnwer the simple question: What problem you coin will solve?

They only want to lauch a coin, not solve anything, so it's not valuable in a future

Thanks for your reply but i want you to know that many people have different  type of understanding  about REAL USE CASE for example

We know how popular deflationary tokens are now since early this year starting with BOMB token, but too many people on here thinks that all deflation tokens are tokens with real use case just because  of their deflation abilities which to me is nothing compared to the definition of Real use case

Holding a coin is not the big deal. But cryptocurrency cannot be predicted. Since the price is not stable, if you want to invest, you must have atleast money to survive else you will lose and u will never see any gain on what youv invested on. Before you invest try to have more than enough else you will sell at worse rawe to survive..

You should add more to prepare our mentality because sometimes not all of your plan will be going perfectly.
That means if anybody must try to not fallen in any FUD that can create big panic sell and this will be affecting their mentality.
Mentality is something needed in long term hodl.

If you plan to be a long-term holder, I think you don't need to always be aware of any news because news are just making crypto versatile. You just need to do a deep fundamental research and believe that something will be big in the future.

Your points are good regarding how to prepare for long term hold. Well, the very best virtue of a long term holder is patience. Holding some coins without indulging in other means of earning a living doesn't really make sense, since holding sometimes are not favorable ,we all know the risk involved. I'm a holder of some coins like ETH, TRX, ICX but I also trade. This keeps a steady inflow of funds, so that I don't rely entirely on my holdings.

Trading is the best source of income in the crypto space to earn profits to sustain the daily needs and forget a the altcoins in safety storages  If the holders decide to keep it as long term hold.


2. Not all altcoins are good for long term holding
Some altcoins are too weak to have better value overtime,these coins only add value to price once in a blue moon,WHY?because the power of demand is too low and they have no working product,i belief that working product is what makes a coin have many more investors
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That's right choose altcoins in the top 10 to 20 listed at con market cap to make sure that's coins is strong and potentially to get uprise if bitcoin goes moving up.

3.HODL Only Altcoins With Real Use Case
There are different categories of coins with use cases,many use case are weak use case,for example using fashion  designer to back a token is a weak use case to me because it means you can only use the token to buy the designer wears and many will call this a real use case? no it wont do very well.
Make sure that the real use case of every altcoins you hold will be very reasonable,the products backing them up must be something that is different and will catch the eye of investors,the usefulness  must be outstanding .
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Yes true there are many  different categories of altcoins depends of the devs, that why i advise to all long time choose altcoins is stable and strong in the market.


4. Stay Updated Always
Opportunity comes but once as many know it,so always stay updated about crypto,read crypto news online and keep tracks on your altcoins so that you wont miss future updated or even token swaps,some altcoins i hold have already switched to MainNet and im glad i dont missed the opportunity,you can use blockfolio app to track your altcoins.

Altcoin season is what many are waiting for,even new projects are waiting for altcoin season to return before they get listed on exchanges,im sure of one thing and that is good things dont come easily,today is bitcoin turn to reign and one day altcoins will have its day as well.

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It's obvious people envolve working as traders need to stay updated for the price monitoriing in the market is one of the most important weapon of the traders to avoid lot of losses because of ignoring the price market monitoring.

Nothing more to add, with all this clue, holding will be of great benefit for anybody who can follow all the hints stated in the article above. Well said, thanks alot for the update, I hope this will help all future holders.

Once upon a time I was in deep debt and I came out of it because of cryptocurrencies, cryptocurrencies gave me good income in late 2017 and early 2018 but with the downtrend value of most altcoins I was holding went down, it made me realize notto rely on crypto product completely although my primary source of income was my salary.
Holding cryptocurrencies should not be taken as full time income rather it should be taken as investment. If the amount is lost one should never regret. If it gives good profit than its a plus point.
Any project need time to get developed, if someone is holding any coin, it should be given enough time to grow.
One should keep accumulating altcoins by joining various promotional programmes like bounties, any of them may good profit with time.

Seriously i don't think it requires any special skills to prepare for long term hodl, all you need to do is starch you hodlongs on offline wallet and stay off anything crypto related for about 2yrs or more, you will be surprised what you will find, i have experience it first hand and it was a nice surprise.

5. Always follow the news surrounding the project you hold, many people has lost big money because of this, they tend to just lock the tokens away and not follow their news closely especially when it comes to token swaps, this has led many people into holding swapped coins that are useless.

Can't be more reasonable!!!
:DDDD
For me:
1, invest what I willing to lose
2, a hard wallet
3, buy top alts
4, forget about it (Don't forget the private key also ^^)
Few years latter, there might be something special happen :DDDD

You forget to mention the need to stay calm on the falling market, because in my opinion at this point 90 percent of all people are giving up. It is hard to see your portfolio decreasing in value, but remember that the market repeats itself every time.

To hold your cryptocurrency, the first thing you need is patience. Without patience, it's not possible to hold your altcoin or bitcoin. What ever is not a matter. Holding of good altcoin, only get you some profits.If you hold a worst altcoin, it's tends to lose of your money fully  in cryptocurrency.

There is no better truth than this; you said it all and the time we start understanding this the better for us. Your No.2 says it all, not all altcoins are good for long term because with no use case nothing will drive the demand. I once came across a coin which has been in existence for years, although it's not in top 100 but what keeps driving the coin is the underlying technology etc.
Another point you made that is wonderful is No.4; most people just buy coins and go away only to come back and found out it is worthless. I think it's wise keeping track of all coins we hold.

One thing that you must know to buy altcoin for hold long-term, don't put your money to buy at the same rate. I mean after we have decided what coins that good to invest in, let's buy it gradually until we have the cheapest price. Also, you must have good money management to do it.

If we are talking about this period of time - second half of 2019 - I would suggest not to hold anything in longterm. Buy some btc, some strong altcoins and wait fir the bullrun. When it cones, begin selling everything. You may lose your chance to earn here if you are going to play in a holder style now. This bull run may be the last one I think.

Only Bitcoins can be stored for a long time, because this is the very coin that you can trust your capital for a long time. Some altcoins have a good chance of growing in the long run, but there is no guarantee that this will happen. But Bitcoin will always have prospects for growth.

Holding coins do need careful planning and preparation. So that we as token holders can accept whatever risks and possible profits we will get later. These four things are indeed very important in holding. Especially about choosing the most appropriate coin for long term investment. I agree with the criteria for choosing coins that have real use in the future. Because of course if the product or platform is successfully made, then the value of the token will increase. And one more thing, our mentality must be strong with the risk that the coins might not last and then they will become dead coins. Because long term holding can take more than 1 year.

Having another source of income will allow you to patiently waiting for your invested money, not relying too much from your possible profits inside will continue to make your position positive for long term success, you have to keep your goals open as investment should be in a profitable side and not to allow yourself to lose your invested money.

A firm resolved is all we need to hold any crypto we believe would greatly give us very good returns in the foreseeable future but of course it would be affected by the conditions described in the OP. Additionally, we must have a definite selling price and try to be factual on everything about crypto to guide us in deciding when its time to sell our holdings since not all things that we aspire often materialize. Imho.

I concur with the OP. How to keep oneself updated is by making sure that one has the link to the project's social media, mist especially the social media on which updates are usually made. Then not all updates are useful, there are certain updates that will make the price to increase for a short while and with little uptrend and vice versa.

Absolutely agree with these. Holding will be a long time period, commonly it will be more than one year, two, or more years again until the token or coin really has their value or their products are ready to use for real.
In choosing the long term holding coins must be careful, smart, and also wise. And we must also prepare our mentality better if we get 0 result or profits in the future. In my opinion, the most important thing is that we must be smart and careful in choosing which coin should buy with the real use case.

All would want to invest in the long term but many do not know which one to invest in tokens or better coins, of course we ourselves must research so that our investments are profitable for the future.

Exactly, I agree with this point. before buying a coin it is important to pay attention to the use of these coins because lately many new projects have nothing to do with the blockchain and lead to fraud. coins with the use of real will be more existent and long term which makes investors interested in investing their capital.

Not knowing and wanting to know should be the fuel that drives research. Investing blindly has been the mistakes made by newbies and except we learn from our mistakes, we might not know the right things to do.

This is really self explanatory. Thanks for the time spent to share your thoughts. Looking at the crypto space, we really need to hold altcoins with real use case not just holding any kind of coin that might never increase in value. That is why before we invest on any altcoin, we should do some research so as not turn our capital to waste.

I agree with all your listed here but I like the number 1 which we must have another source of income.
This is very important so we will be able to hold long term and it will not affect our emotion when price is not performing based on our expectation.

This is holding altcoins which is not so profitable last year and even up to this year, but as long as they survive, we do have a chance.

Investing for long term is not easy as we think since we are not yet in the early stage and more manipulation are happening now.
Maybe we should also see a real long term plan, like holding for 5 to 10 years and between that time, think of selling once our holdings would give us enough profit.

Some altcoins are not really good for long term,if you hodl them for long they might not survive for long,thats why its always good to do research on every coins you want to hold in your portfolio.

And yes you are right about how hard it is to hold coins for long term,one have no find other means of income to stay alive and breathing till market takes a good turn which might take years to see new market surge

Holding a coin is a big deal for those who don't have other source of surviving in real life that's why i recommend offline or online jobs,most times it can take up to 4years before we see another bullrun and presently its a different move entirely if we are to compare last bullrun with this present bullrun,they are different and altcoins are still struggling to keep up

To become a long term hodler requires huge efforts. It is a huge challenge for investors. Some main reasons: Investors have to maintain their patience to hold for months, or more than one year; they have to control their emotions among lots of bumping along the road of crypto market, especially with price crashes and massive massacres that happen once per some months; they have also keep their strong belief on coins they invest in despite of FUD attacks on them. It's not easy thing to do, so it is why major of investors get losses, not profits; because most of them are short term holders, and easily panic sells when market crashes. Buying highs, selling lows, repeatedly do this cycle.

Those things are really important if you hodl any coin. First of all, we have to choose the correct coin to hodl. Because there are so many coins in the coinmarketcap. We have to choose really good coins to hodl for long term. The own research is a really important thing before long term investment. The next thing is to keep in touch with future updates. If you hodl a coin, you have to keep in touch with future updates. because some projects have mainnet launch, token swaps etc. The updates help to sell your coins correct time with a profit.

Hi, yeah, altcoin mining is perspective niche but mining on PC is not a proper thing. Better buy yourself an ASIC miner or a bunch of miners

Now mostly people mine using asic rigs to achieve instant results. In other words a special equipment for such terms

I agree with you too, but in my understanding, it takes a long period of time to earn for holding coins, most specially that the market is very volatile and it needs your patience, only few coins which are good for HODL like btc, eth, xrp and among other top 10 coins in the coinmarketcap. What i like about HODL is that, it never worries me, specially that i have my fulltime work.

Sure, moreover, if you are interested in this sphere, I can give you some useful links. So you can decide if you want to start or not

This is so true, people tend to expect so much with projects that they participated like an airdrop/bounty on to deliver so much and get them rich. The fact of the matter is, projects with a good use case and ones making moves to get real partnerships (https://www.contentos.io/?utm_source=lx) from major companies is what will help drive their coin's value. Crypto should never be your fulltime source of income, I personally see the money that I put in in crypto as the money I can afford to lose.

The most important thing to sustain one in a long term hold is having another source of income. I wonder at some people who talk about hold especially the newbies but then again they might have other sources of income. Only that will give one courage to hold one while expecting a believed project to do well in the market. The other points the poster outlined also is of essential too.

I see, I have ordered all my rigs on globemining com. They have plenty of devices represented and timely clearances as well. You may ask for some particular model, for example I have purchased T17 model

In my experience, based on what I have ordered on globeminingt it takes 7 month depending on what number of devices you order, the more the quicker payback period will be

I have seen many of them, but none of them were officially registered as a reseller, so no guarantee that these equipment will ever be secure, yeah?

this is the importance of analysis when we invest, don't rush, learn in detail, where and when we should invest, don't get stuck at a cheap price when buying a token, because cheap tokens will not necessarily increase in price, my advice is better to invest in tokens that have been proven, so we are not trapped by buying tokens that only become junk in the market

I do not know rather it is one year or two year guarantee period on globemining, you'd better contact their office or customer window to check it

Definitely that's important because investing alone can't be a guaranteed source of income especially in crypto where the market is very unpredictable.
Maybe in the past it's easy to be profitable because even if we hold 6 months, there's a high possibility that our investment will be doubled but people got a little greedy during the last bull run and they don't sell and resulted to holding until now where price is very cheap.

Every holder are not expecting a long bear market, but like I said, the market is very unpredictable so greediness will likely kill our source of income if we don't have one that is  not risky like having a job or having your own business outside crypto.

I guess as globemining offers worldwide shipping it is more than possible. But be aware that it will take long days to await your delivery, I live in US and it took 10 days to deliver to my place

Alternative source is wise way to prepare for unnecessary marker flow. The more you have sources the more you can anticipate the possible problems. However, it is also a task that should take seriously to maintain enough balance. Doing crypto, trading, investing and actual job are good ways to provide your needs more than enough if got lucky.

You may make an order and check it yourself, as I am not the representative of the globemining :) I just recommend them as I have made an order there and all was fine

Point number one is very important, even if you have the mindset that you are going to hodl your coins no matter what happens but you have no stable income to support you cannot sustain your choice.

It happens to me several times, I have three coins that I promise and really want to hodl but I have no stable income at that time and I have no choice but to sell my coins, or I have to go to a loan shark.
It's a choice between the two and selling all my coins is the only choice that I think is logical I don't want to end up selling all my coins just to pay interest to a loan shark.

Long-term HODL must understand about the potential of Altcoin that we hold.  If it's a potential Altcoin, it will benefit us later.  But if Altcoin is bad, then we will lose our time and assets.  Before doing HODL, we must understand very well with Altcoin that we will invest in.

all you say is true. If you want, it's easier to invest bitcoin, not altcoin because bitcoin is the crypto king. if bitcoin dies all alt will die if alt dies bitcoin won't die.

For the long term hold, bitcoin will be the best coin ever. But in the short term, we have altcoin which we can use as the investment. You need to choose the right altcoin to hold, so you don't have to wait for the long term to hold. But unfortunately, we don't know the right altcoin to hold because all of the altcoins will follow bitcoin. So you can choose bitcoin only to invest in a long time.

Keeping this in mind! There are so many obstacles in Hodling, it's kind of stressing also when the price went down and we can't even predict when it will bounce back. People should not be stressed about it. #1 is really a great tip, having a source of income gives you a chance to buy crypto on its lower price, and give spending limit on your owned cryptos.

Yes,,, everybody knows we have to choose the "correct coin" to hodl but that is the problem! There is no way to know the correct coin other than Bitcoin. With every single alt it is a gamble and no way to tell correct coin from wrong ones. Which is why to me they key is less about profit but about benefit. If I have a coin I can use even when I cannot profit,,, that is my benefit:)

I really like the 5th point. For myself, I was able to clearly understand that the cryptocurrency market provides us with opportunities for earnings with
a periodicity of from a month to one year. Moreover, very often we notice such opportunities too late, but this is exactly what can bring us profit.
I would also recommend holding part of the assets in Bitcoin.

of course i agree with you, and i think if you want to invest your money on long term, you have to know what project of the asset you invested. And if you believe for the project and the team, just invest your money and be patient for profit.

It's hard to determine which altcoin is able to last for the long term. But in my opinion the top 5 coinmarketcap can be our reference if we want to invest altcoin for long term. Top 5 in coinmarketcap describes liquidity and transaction volume which is quite safe because of the large amount and value

One of the best ways to prepare for long term holding is to read and research more about the coin of interest. This will help the investor to know the potentials and capabilities of the coin and based on the road map, the investor may know how long to hold.

Long term hodl means we need update on news and developments on time to time bases so that we can hold and do short term trading on news happening

the roadmap doesn’t help you figure out how much time we need. the roadmap is just a guide. Market Makers will tell us about market conditions and development time  ;D

there is no point holding few altcoins for long term hold because we will continue to see new projects coming into crypto space,i always add good altcoins to my portfolio whenever i see one so your portfolio must not only consist of old altcoins only,new projects with give better returns than old projects in the future

this price development will be interesting.
its clearly to see that alts follow with btc when btc falls but alts dont follow btc when btc rises.

it seems very logic to me that once btc falls to low that alts will buy a resistance. btc cant suck alts complete out and buyers must give resistance.
low prices are ok but completly zero wont happen.
we have never seen this before and it will be interesting what will happen next.

New knowledge for me, thank you
Strongly agree with the information in no. 3, many people do not review in detail the real product of the coin project they are holding, arguing that the price is still low so making a decision for a long-term hold and full of regret knowing that the project turned out to have left, this usually happens with new projects

The main problem is to understand which coins you have to hodl. We know a lot of situations when tokens gained so greatly that investors used to become rich people ( I mean really, serious investments here). It is very difficult to predict which of the projects will work and calculate the potential gainers.
As for another source of income, I totally agree here.

As for me, the most important preparation will be that you have patience and choose the coin you need, which will bring you the expected profit.  Hold is like a very simple but fairly profitable way to make money.

I totally agree with the third point for holding altcoin with real use cases. Most investors will be very interested to start investing in altcoin which has a different real use and has more added value than other coins and this will be an advantage in itself. Always making updates about the latest information so as not to miss the opportunities that arise at that moment is also what is needed for us to observe developments.

If you are holding coins that have no real way of adding value to to its token either through use case or a very active working product dont bother to hold such coins for long term or its even better to sell off and buy other useful tokens instead,working product is the only way a token or coin can live longer

Obviously people who do not have other income I am sure will not take the pattern to hold, surely they will use day trading patterns because what they need is income every day to meet their needs because holding takes a long time and patience

Number one is a golden rule. One must have an alternate source of income and stop selling properties or taking loans in order to buy crypto assets. As for knowing which coins have a working project, I'd suggest looking at any of the top 20 coins. Most alts that ran ico since 2017 have disappointed and run out of business despite raking in millions. Just go for projects that have stood strong for more than 3 years

Very clear points, before you decide to hold, you should put it in your mind that holding could be short term or could also be long  term so one should diversify into doing something else to get funds. Also you shouldn't invest on any coin you see, do some research so you pick the valuable or coins with potential.

To prepare a long term hold, you must join in any of the bounty campaign while waiting for the good profit to the coin you hold.
With this things you have some at least source of income to get and something like you are savings altcoins for the future, just make sure
the project is promising and has a potential to increase in the future. or you can do also a day trade in any of the exchange platform.

It is good to diversify one's portfolio but what need is it to risk buying more altcoins which may not even have the potentials to be success if holding a few selected ones with capabilities of surging up in price? What matters most is the ability to choose the right coins at the right time.

That you for this update and clue as it will be very good for those who is looking for write up to reqd about holding , I have always advice also not to hold any coin with no use case or with no solid team member for a back up , and you must be very active with a stop lost button on which can prevent you from loosing all as any thing can happen.

The major problem is Crypto is so unpredictable that no one knows the bottom so trying to buy cheap might not be cheap afterall. The most important is no 3 o his list buy solid coins in which even if the price reduce its just a matter of when if the investor is patient enough

Choosing altcoin that already has a product as a long-term investment is the right choice. If altcoin already has a product, it is hoped that the company will get money to finance its operations and benefit from product sales. This will attract investors because it will definitely be profitable

In October 2017 i hold some altcoins and i thought they are good enough for long term hold but in time i start realizing that most of the coins i hold are shitcoins with no real use case,even within some months 70% of these coins are abandoned my the teams so i start learning about what makes coins and tokens survive,the best tool is research

yes it is a great way to prepare your long-term investment while the market is in bad condition, set up again about your altcoin investment and make investment investments that you think are feasible. Because not all altcoins have good price development and you should know your next plan.

There is nothing else to add to those cause you already made a really good point about this. Even for someone that is trading on a short term, I believe they need to have another source of income as well cause the people I see here always makes it seem like one can be into cryptocurrency trading or investment without having any other side job, that’s funny.

You know that cryptocurrency, whether you’re trading it or just HODL, there are risks that are involved and you can lose your money, then what makes you think that you shouldn’t have another income? Unless you have the powers to predict the future of cryptocurrency, which I’m very sure that none of you here has it. So, I like the first point you made, anyone who is investing and trading cryptocurrency should always make sure they have a side income.

You talk exactly like a short term speculator, who contributed to the whole reason this crypto winter is in place.

Since when is there no point in hodling altcoin long term if you believe in the project, and have found a useful utility for it? Monero will never lose its utility, and will continue to develop for as long as userbase grows, which is always happening. That is one old altcoin example.

To be a good long term holder, I think that your advises must really be adhered to strictly and one more thing that I just need to add to that aspect is that we have to make sure that we only invest any money that is easy for us to afford, and at the same time loose even though chances of losing money as a long term holder is very rare provided that we invest in a reliable quality project and also do not panic sell anytime that there is a decline in that coin.

The reason why people put their mind and heart to much in some of these project is because they invest too much in those projects, and some of them even put in their last savings into the cryptocurrency market which is a very wring step to take, and above all, we also have to make research on every project that is of interest to us.

Do not just forget about your coins. if these are altcoins, then you always need to track what is happening in this campaign. monitor the course and sell your coins on time

I also do all your Points. But more precisely Money that I have used I consider to be lost money (buy coin / token ico), why? because I feel this crypto world is like gambling. Maybe this is a little different from you guys. But I believe in long term Hodl.

I agree with you, and everyone have their own method to minimize risk while HODL. Related with no 2 and no 3, i have my own method to minimize risk.

No 1 : it must, no doubt with this

No 2 : I just select some altcoin who give profit, in this case i divide into two options
option 1, rely on their market capital. I select coin with huge market capital between 1 until 300 .
option 2, rely on their benefit to hold this coin, sometimes coin with low marketcapital still chosed by me. I just put my risk in this criteria only 15% from my crypto wealth

No 3 : I define real use case more specific. many coin have real use case but i still not interested with them

No 4: Always stay update, do not choose coin with words "Soon we will....", "We will ...", "Next week ....", or words hears like too much promise . Whatever their real use case, it's not worth for me

I do not have the right preparation, it's just that I follow the market trend if my coins do not have price developments, of course I will replace them with coins that have further price developments, and vice versa.

But this is what will be good and healthy for the entire ecosystem, I personally think more people should put their hearts and minds into projects. Look at Bitcoin, at LTC, at Monero, these are great projects who will live on long after the original people leave but only because these originals put a lot of their effort into them.

I think the best long term results will bring major coins. Hold BTC, if you feel that too many bears enter the market, exchange BTC for BSHORT. And vice versa.

Having your own income is very important if you want to buy coins that you want  in the bear market, bear market is the best time to hodl your coins and to buy coins with good potential but it will not become possible if we don't have funds to buy or we have daily income so we can stay hodling it.

the way I use to invest in the long run with some potential altcoin, besides that I also don't forget that holders are required to always monitor your investment so you will know what actions you will take when your coins go down / prices go up.

You don't have to monitor always by just looking at the price when you are investing for long term, the word "HODL" was invented because that means a long term hold, or Hold on Dear Life. when you just look at the price, that doesn't help a lot because you could possibly panic watching it regularly, what you need to focus is the news about the project as that's the one that tells the real info compared to the price that we see on a daily basis.

If you invest into any project, there is no reasone to monitor constantly. You should focus on how the company full fill the roadmap and how price respond to main stages. 

I don't recommend a very long HODL.  HODL should only  for your altcoins that are 10%-20% of portfolio.  Then the rest should be a short term like half a year or a very active swing trading. Everyday there is always an opportunity in the market so use it to your advantage and that also enhances your experience in trading. Like they said, patience is a virtue but just waiting for everything does not give good result because in order to achieve something you need to make effort.

In addition we should always buy small like 6% during ICO or IEO and after that we can go for another round of buy to hold like 12%, this will only help the buyer to stay safe without any oanic, this has happened to.me severally and was anke to contains it because of my carefulness which everybody should know. I buy tokens that has a workable product behind them.

I think with the arrival of IEO on the market, long-term investments have become relevant. Why? Yes, because you go to Binance, invest in IEO, get x2.5-5 and gradually increase your capital. Replenish your BTC portfolio. It makes no sense to freeze your asset for 5-1 years. If we say investing 1,000,000 you will receive 2,500,000.

You have properly updated and enough conditions for a person to be able to HOLD the Altcoin elements, I will consult and apply the things you mentioned to avoid losses when participating in this market, thank you very much for sharing.

Preparing for a purchase and long-term storage is not difficult, just create a wallet and keep a private key from the wallet in a safe place. It is more difficult to choose the coins that you plan to purchase and how to distribute the budget between the coins that you will buy. I prefer to keep the bulk of the amount in BTC but not more than 50% and invest all other funds in other coins.

I think the last point is the most important. Staying updated saves lots of loss in situations where a sudden market reversal happens. If an investor isn't updated on market situation bagholding is inevitable. Long term hodl in alts not adviceable holding Bitcoin is the best trade alts.

Yes, before one will embark on long term investment, he must see a good case use for the product created from the project before invest. One other issue raised by the OP that's more important is that, one much have another source or sources of income before invest on a long-term HODL.

Long term HODLers usually buy the cheap in order to sell at the surged prices, there is no plan, just buying the potentially valuable coins for the cheap price will do the job. Longstanding price swings are more reliable than daily running behind the scalping on the crypto market.


The shitcoins are the common problem of the crypto ecosystem, there is no exit for both the shitcoin owners and invested people. Knowing what to buy forces the investor to separate the reliable and counterproductive coins of the projects.

Bounty campaign, do you think everyone that you see here are all interested in bounty campaign, not everyone you see is an hunter, we have so many people on this forum that would rater just use their money to invest than to join bounty and then waste some of their time doing some projects that will not even pay them and give them more tension when they would have easily committed their time into doing other things.

It is investment that you make, and then go away into the world out there to look for other opportunities that could earn you money while you just watch once in a while to monitor the progress of the crypto investment, other than traders, it is only lazy people that I see watching the market every day for bitcoin to double that small change they have in there.

With all the respect to you i must admit that you're too wrong. You should never advice any body because you're just selling words and not facts. What's wrong about hodling or investing in the virtual coins that have no "real" use case? I must say that there's alot of highly risked assets there but there's also other projects "with no real usecase" at the moment but they have made up millionaires, look at "Verge", it was useless one day but it made a poor guy become a millionaire.
https://www.reddit.com/r/vergecurrency/comments/7kc3xf/i_just_became_a_millionaire/
Rethink about that.

and, do not forget to choose a coins with smart and strong team buddy
because the key from a good cryptocurrency for long term is depends on their team too  ;)

Long term holders know how to protect the balance form the market flow in case of random flash news change the fundamental market trend. Prepariotn period is necessary for the new investors, pro investors choose the project with the experience.

In my opinion, the Redditors do not honestly write their real story, there is shady financial speculation behind such millionaires. Inside trading is the perfect example but catching those who leak information to the group of traders is very hard, almost near to the impossible if they repeat this for years.

Yes, you do have a point but that was a simple example, remember the shitcoins that made up millionaires such as Doge with it totally useless, it is getting the trust because it was an OLD coin. There's a bunch of projects that could make you a millionaire if you trade wisely and take the risk and with a little bit of luck and alot of skill, you can make the impossible ;) .

I think that long-term holding cryptocurrency can afford people who have another good income. They may not respond to the fall of the market and do not sell cryptocurrency due to lack of money for current expenses

And do you guys only consider holding? Why not trading or mining, for example?

Evening there mate. This is indeed a good question. In my opinion, trading and mining requires much more knowledge

Hmm, might be so.. But anyway it is a rather interesting alternative

No doubt here. Just more parameters to be evaluated. For example, cost of electricity etc + price of equipment. This is the example for mining

For sure makes sense. And have you ever tried mining on your own?

Yes, of course. That's why I am sharing my opinion on this topic ;)

And where did you choose the equipment? Can you give an advice in here, please?

I agree point 1,2 and 4 but for point number 3, real use case, this is not very important because in my view many altcoins with no real use case but can survive, because their community is big. So maybe number 3 is community. And you forgot the most important for long term is patience

I recommend you to have a look at Asicequipment, they are having a wide range of different devices + international delivery

Sounds pretty attractive. Any particular devices to have a look at?

An interesting explanation by OP. Don't forget the most important thing: mentality. Holders will experience many tests to hold or sell coins/tokens when price fluctuations occur. If you do not hold it, you are afraid of losing opportunities for greater profits and vice versa. So both fundamental and technical analysis strategies are needed to form trust in holding tokens/coins.

My own favorites are Antiminer S17 and T17, but better have a look at other devices as well. To choose the one that suits you the best

From the very beginning, I've always thought that the long term hodl has been foolish.
To me, long term hodl is the same thing as putting your money in a bank account and trying to get interest.
It just isn't effective when compared to actively investing.
And so far, I have been right.
I have gained far more capital and grown my portfolio much larger than I ever could just hodling.

You have to realize, that when you hodl or just put your money in a bank account, it just sits there.
Instead you could use that capital to increase your equity.
Even just the basic set percentage buy low sell high method will get you more than just hodling.

Long-term investments are a great opportunity to make future profits. But some things should be prepared before we decide to invest long term. I agree with your words and this can add knowledge to new people in Crypto want to invest.

Having another job is very important because we will be able to earn money. So when we are in long term investments also have productive money from other jobs.

Useful advices. And yeah, you must have other source of income than to just rely only to this crypto incomes. The market is unstable and it is not wise to fully depend on this alone. And also, choose useful altcoins only. There are a lot of altcoins that can be selected from the market but pick only those who are trusted, established and had a useful goal in crypto markets. As we all know there are many altcoins that are left behind.

And if I may add, regrets and greed. Set them aside in crypto investing and trading. That will just make your goal ruin.

This is necessary for every long term holder, a job or a business that would generate an income for finance your daily expenses in life.
You can't force the market, it requires timing and long term hold does not have a specific number of months where we can sell and enjoy our profit, sometimes it will end us a loss or if not, it would make us wait for more than a year like those who invested in 2017 that until now they cannot still sell because their assets are down big that they might think they already loss due to the big loss of value.

Anyone who wants to HODL should always make plans ahead of time hence here roadmap might be a handy. I am saying this because you have to target when the market falls and invest your money at that cheaper rate while you then begin to wait for the price to increase. If not like then you will be taking bigger risks. Some people make the mistake of investing at the peak price or something close to that and before they know what’s happening the price is already going down and they are losing their money. So anyone that is interested in HODL should always plan ahead of time so they don’t miss out.

Everywhere CMC acts as a helpful reference hence no wonder for guiding us for deciding which coins for long term holding. Still, I personally advice anyone to go with only bitcoin when it comes for "real long term" like for decades.

This takes maintenance and patience
You need to update the cold wallet occasionally

Yes alternative income is really needed when we hold altcoins because there is a high chance it will last longer before prices go up.
Good to hold crypto curency is what people really use is a real working product that helps people. And of course there are even better plans that will attract more investors in the future, And you can read them in their white paper.

All of the information that you have enlisted are precisely correct, especially the first one on the list because when you are about to hold coins for a long term you need to have another source of income for you not to get empty handed or bankrupt, and you are not that sure if the coin that you have hodl are good for long term or will give a huge profit.

And don't forget, mentally prepare and manage your emotions well. In conclusion, all actions taken for long-term investment must be based on careful analysis, not just because they are carried away and go along, it means your position is not strong enough to defend your decision to hold the coins and tokens. Strong basic knowledge and analysis techniques both fundamental and technical must always be upgraded, don't miss it or you will miss an important opportunity.

sometimes people forgot about number
3.HODL Only Altcoins With Real Use Case
because alts with real use case is the best altcoin for long term hodl, people just follow the hype and thats really big mistake if we want to hodl an alts for long term
regards

For me, long-term hold is only bitcoin. The most reliable coin. If you still talk about altcoins, then for long-term hodl is most suitable ether. As for the preparation, you have described everything correctly. If you follow these rules and choose good coins, the long-term hold will be successful.

I think the thing that needs to be prepared when we want to invest for the long term is to be patient seeing price fluctuations in the market. Prices on the market are always volatile and sometimes people who are impatient will sell tokens or coins when prices are down even though prices are down or up is common thing in the market.

BTC is a forever long term HODL coin so most of the investors are concentrate this coin. But huge marketcap also suitable for long term so we make good profit for later. Nowadays BNB is a good growing coin in this year so many investors are invested long term so I prefer minimum 2 to 3 coin because If we split to invest crypto our investment growing louder in future economy.

very good advice that you convey in your opinion because there is a huge risk involved in investing in crypto or altcoin and it is true that you convey our confidence and patience is the best capital in investing with crypto or altcoin and of course we must be clever in take advantage of every opportunity we will get in investing

yes you are right OP to make a long term investment we have to prepare a few things like everything that has been mentioned OP above. I will add besides we must have another job. we must also have a strong mentality that is not easily influenced by FUD. and it's also not easy to panic to sell when prices fall. ups and downs in the price of coins in cryptocurrency is common and we from the beginning entered cryptocurrency must be prepared to bear this risk.

I agree with you that there should be a plan in doing something like a hold coin for a long time. In the first point, I strongly agree that another source of income to add to the coin that we hold or buyback when it goes down.
In the second point maybe I would choose a really good coin for the future like ETH and BTC. Because their presence is supported and a large number of communities to make demand and supply balanced.
But I will reduce the long term if the market is experiencing a bad state where all the currencies are down and not the time to invest long term.

Yes, but there are some other crypto investments that are good for long term investment and not only just bitcoin.
Ethereum is indeed one of those. If you will only study the flow of the market you will know altcoins that are good for long term investments.

One more advice from crypto expert.
Only invest money that we can afford to lose if we want to invest for a long term. Because crypto investment is so agile our assets can be turned to 0 in short time and also can mulitplied in a short time also.

Earlier I used to hold some of the altcoins for medium to long term (before deciding to dump them one year ago). There are some complexities which are unique to the smaller coins, that come to the picture while holding them. The first one is that the storage can be a recurring and irritating issue. Holding them in exchanges is not a good option, so you need to install the desktop wallets for everyone of them. And in case the lite wallet is not available, then you need to install the full wallet, which can cost a lot of bandwidth and time.

Another issue to deal with is that these altcoins can have very frequent wallet updates. Therefore you may need to update your wallet every now and then (this was an issue that I faced while holding altcoins such as Veil and Deep Onion). Sometimes the wallet update is mandatory, due to the implementation of forks. This can be a very tedious process and it was one of the reasons why I decided not to hold many of these coins.

To hold long-term we must have preparation, it does not mean that the case is easy for holding coins. We must prepare mentally
we whatever happens must reach the target sale that we have set, the price will go down or there may be bad news come, we
should not be affected by these disturbances. The following we must have income from other places to finance our daily lives while
waiting for the coins that we hold until the target. And the last if it reaches the specified limit have not reached the selling target,
we must have the courage to make a decision. Will we continue to hold the coins or decide on the cut loss.

that's right, don't use the funds that we really need.
we must use other funds that are not needed in the near future, we must take into account all the needs that we use. so as not to panic sell when the price of a coin is in bad condition.

also make sure the coins we will buy have good potential in the future.as you say "crypto investment is so agile" anything can happen from giving us profits to making the value of our assets zero in just a short time. i hope the assets we hold never become zero.

to do long-term hold it must have enough mental strength, and the funds used for investment are sought to use freely that are not used for daily needs. and always checking the developments that occur so that the investments made continue to go according to the original plan. and don't forget to research the coins invested by long-term investment

besides knowing the progress, we must prepare an analysis beforehand so that we can monitor the project. to reduce risk, I think we can invest in several coins, so that if there is a dump on one coin, then we still have hope in other coins, in this case intending to minimize the risk

As a general rule of thumb, you also need to consider the community around the coin, especially the founder and lead developers. Excitement is easy to generate, but how active and genuine is the energy around this coin? While use case is number one, a genuinely active community of talented developers is always a good sign in my book.

I also like to ask things like -- would I consider staking that coin by setting up a node or dedicating some resources to pooling? is it mineable? am I likely to remain interested for a reason other than simply the possibility of making money?

First of course we must choose the right altcoin. To be able to get the right one we have to do an analysis. market analysis. price. development. progress and community. That point is very important for me when I want to hold in the long run. not our problem is too complicated, but several times I have experienced cases that altcoin is even more ruined when the price is wrong in the election

You should know what is fundamental anlysis and how it works if you are planning to do long term investment. You should study the coin first and also the demand of the coin in the market for you to know if the coin that you will buy will give you a gain and not loss.

The tips that you make are actually very good for us to use in doing long-term holds. We must always update the latest news because the altcoin we hold must have an update, but I prefer to use short-term hold because the risk is smaller than long-term hold, but it all depends on each of us.

Everybody needs to start staying calm when market is falling, people are spreading news on here that you should dump your altcoins before its too late, there is no such thing as too late for altcoins, many altcoins have real use case and few don't, its better to do your own research very well before investing a dime

The investors first need to ask this question to themselves - out of the thousands of cryptocurrencies out there, how many of them are suitable for long-term holding? I have seen coins which once ranked among the top-10 list in coinmarketcap losing as much as 98% or 99% of their value in less than 12 months (a perfect example is that of Cardano).

Only coins that are assured of continued development are suitable for long term holding. And this is especially problematic, as very few coins would qualify under this criteria. Even Ethereum is facing a lot of issues right now, as the development has slowed down and the users are facing a lot of issues due to bugs. The rolling out of Ethereum 2.0 has been postponed multiple times (the last time I heard, they are targeting Q4 2019, which once again sounds unrealistic).

Long term investment is not easy as you they think, it requires a lot of studying and analyzing before you can do a successful long term investment. Most of the cryptocurrencies have a negative ROI and have a average of -99%. It is better if we will buy potential good coins if you will do long term investment.

You must be updated on your token at all times because you are making sure that the price or value is not descending, and if you are updated there are no possibilities that you lose your money. And another thing, you should have another source of income because holding for a long time does not give you money so you should have extra source of income for you to be able to have money to spend, especially for your necessities. You should have also solid portfolio for you to be able to secure your money and have some solid plan in trading when the time comes, the time that the value of the token rises up and you are ready to trade it. But for you to be able to earn a lot of money you should choose the right altcoin that you think may help you to earn bigger.

To choose the right coin in a long-term investment is not easy. Points made by you are indeed many holders doing the same research. We have to look for opportunities which coins will roughly make new updates to increase the price in market, it is very possible for us to get profits.

I think it all depends on the project you are holding, for example holding ETH or ripple for long term is a good choice because these coins have futuristic guarantee, they will always be around standing next to the king (bitcoin) so instead of the short term when long term always brings the highest ROI spend time to pick coins that are good for long term

Things that every investors needs to understand while working inside this market, it's hard to follow those people who  always have their own speculative opinions but doing your best research, and study things that will work with your investment instead of listening to others point of view.

Long term investment is a choice to where you are expecting good outcome with your invested money, work for your knowledge and it will work for you after.

Yes it all depends on our strategy and how we deal with it. I prefer long term holding as best suits me because I dont need to monitor the market often since I have a set target price on when to sell. However just like what op said we have to be careful on choosing what coins to invest in because its not easy as it seems. There are only few coins worth to hold for long term period like the well-established coins.

In investing, we should not really bother with the decisions we have made. If we are not sure of the project we have chosen, we just need to look for others and learn how much potential the project can produce. And if we have thoroughly studied and believed in the project, we just need to wait for the right time. Let the money work for us then take the advantage of our investment returns.

Long term hodl is quite tempting, there will be possibilities that the coin you are hodling may have some dips, look at the chart of XRP for example last year it has a high price but now look at its price. If you want to hodl it then you need to have a brave heart for you not to be easily distracted in every dips that a coin will take.

I very much agree with advice number 2 and 4. These are two points I keep close to my bosom. If you’re going to keep crypto long term, I mean really long term, then it’s not for all tokens. Not even all top ten tokens on CMC ranking at that moment. Things change and these tokens lose devs working on the project. Check back in 2011, there were other tokens like Bitcoin, but they’re no where now.  Check back in 2017, Some top CMC tokens are not in top ten anymore (not even top 20) and the worth part is they’ve lost most part of their market value. And there seems to be no more development going on by the project team.

Everybody wants to earn profit as soon as possible, but it does not work all the time. As it is stated, you always need to have another source of income, because it is impossible to live from trading or hunting on such a market.

For me point 3 and 4 are challenging.

How we can be keep updated when the market is getting broader and borader with lots of n number of coins coming each and every passing day?

If your investments are long-term, for example for 5 years, it is not necessary to constantly monitor the news about the coins that you hold, it is enough to study the roadmap and the terms set by the project team.

First, you need to prepare your fund, make sure that you have some savings so that you cannot sell your holdings at loss, then second is, be mentally ready, time will come when you will see your holding fund decreasing, be ready on it as it might happen all the time, third, have a long patience .

For me, this is the most important I also used to rely on my online income for my family's need I always ended up selling coins that I'm trying to hodl, this is a source of regrets, there are several instances that I sold some of the promising coins I've had  because of our daily needs and after a week it pump 300% and keeps going up, it happens so many times, I have no choice but to augment my income so I can continue hodling coins that have potential in my portfolio, If I didn't get a job I would have sold everything.

great post very good info for all investors, holding coins without searching real project and the future importance of the project is like throwing your money in a deep well.

I agree about number 1 and 4, that is the biggest factor we should consider first when we are going to hold for a long time. I'm holding my coins for about 2 years already and if you don't have any savings that you could spend while you are waiting for the right moment to trade to get your profits or if you don't have any source of income, then you will be force to give up holding.

And number 4, based on my experience, you'll lose your profits by being an ignorant, not all of the coins are going to stay forever, the burning of them are scary enough for you to always stay updated if you don't want your profits get cremated.

the most important point is this only.
The market is so unpredictable and uncertain, that staying updated of every market move becomes crucial even if you're in long term hodl. Market moves drastically which could even wipe out all your investment if you're invested in wrong altcoin. I think if you're looking for long term investment in crypto, go for either Bitcoin or top 5 altcoins. Don't take risk by adding low cap coins in your portfolio.

Think twice before you decide for long term hold with these smaller altcoins. Their acceptability and popularity can change a lot in a relatively short timespan and you need to review your decision to hold every two or three months. In case the coin is going down and the future prospects look bleak, then you need to sell these coins/tokens before they become dormant.

Of course there must be other income. Longterm coin hold is not for a moment and it takes a long time to reach the desired target. Can determine the target according to what we can. Choose coins that are good for longterm. The money used to buy longterm coins must be money that is not used for anything, never use your loan money or shopping money, it will be very bad and not recommended. Make sure HODL becomes one of the profitable investment methods for us and you need to be patient to get the targeted results.

If you are not good at trading, HODLing might be the best option for you to earn some money. You can just buy Bitcoin and some top altcoins and forget about your portfolio for a few years.

If you still buy currency, you do it wrong, earn it.

These are indeed a good way to prepare for long term HODL but I think you should also get to know and understand the principles of the crypto market and also the principles of basic investment. Without these principles, you might invest in a long term hodl and still make a huge loss even if the crypto coin is the best coin for a long term hodl.

preparing hodl or long-term investment is only about patience and high self-confidence, because when you have decided to spend money on a project then at least you are sure of what you have studied in related projects. so next is to remain patient and confident in what has been decided at the beginning so that you don't panic when a big dump happen

Holding coins do require cautious arranging and arrangement. So we as token holders can acknowledge whatever dangers and potential benefits we will get later. These four things are surely significant in holding. Particularly about picking the most suitable coin for long haul investment. I concur with the criteria for picking coins that have genuine use later on. On account obviously on the off chance that the product or platform is effectively made, at that point the estimation of the token will increment. What's more, one more thing, our mindset must be solid with the hazard that the coins probably won't last and afterward they will turn out to be dead coins. Since long haul holding can take over 1 year

nice informative topic, thanks!
Everything seems easy for those who do not do it, but it is not easy to be a sucessful holder... holding does not mean forgetting about your coins, if you are not on top of things, you'll loose your chance to make a good profit...
all this, besides being able to choose the right coins to hold...

That is not right all the time due to the nature of the market is very unpredictable.
With what just recently happen with a big pump, I don't see any speculation that's telling its gonna happen prior, that's my basis,
For long term, if a coin you are holding has a true potential, you just have to believe and hold it longer, that's simple but this technique is very effective.

Technical analysis is indeed more important than hope, because there will be more certainty if you do the analysis. for long-term investment, the analysis can be done with a long time also different from daily trading in the time period. and lastly in my opinion the important part is patience when doing hold for long-term investment

The most important advise is that you should be prepared with your mentality. Because it won't bring you benefits, if you would withdrawal with loses after six months of holding your tokens. Be prepared for worst and hope for the best.

first of all you should consider the patience that you have in order for you to do long term investment. Determine how much capital that you will put and consider also the time and of course the potential reward that you may get.

There are only few altcoins that are suitable to long term investment, you should also know what altcoins that are good in long term investment. There are altcoins that are being delisted in the market so it is better to identify first if the altcoin that you will buy have the potential to survive in the obstacles that the market facing.

It is better if you will focus first in your risk management before you invest in long term. Considering the fact that the cryptocurrencies are too volatile, you should have stop loss because it is important for you to minimize the losses.

Good advice, you should also follow various news portals such as the cointelegraph, neironix.io, bitcointak e.t.c.

For starters, the best thing is of course, if you want to hold for a very long time, you need to choose the top cryptocurrency because holding new cryptocurrencies is too much a risk for the loss of your investments, therefore, investing in top cryptocurrencies you definitely will not lose and your investments will be in a safe place.

When the plan is for long term holding it is always good to go with low price assets that has got good trading volume and listing on large number of exchanges. Long term holding always requires continued observation of the changes happening with time. Only through that it is possible to attain good profit.

When we go for long term holding we should always have in mind to cash out profit at the right time. Most of the long term holding will be fixed based on the price and time period. If the price reaches high before the targeted time period we need to be ready to take the profit and invest again.

You have a good point . All we k ow that long term hold is very risky so we should be knowledgable and think well the kinds of coin that we will hold because there are lot of coins that are easy to die so be carefull. We need also an extra income because our coin or capital will be like an sleeping giant it will be like your time deposit that you waot for the right time to encash. And the most important thing is to be updated because all we know that the crypto price is move quickly so we need to monitor it to know when to sell your coin.

Now the bigger question is will this altcoin season ever turn up soon, so like you rightfully stated, one needs to have extra source of income and be very involving, aside that you can't hodl, u get to sell when you are not ready

Choose only the best coins to invest with, we need to invest to those who will survive for a long time. You may also see the top coins in coinmarketcap, choose among all the top 100 coins so you dont have any regrets choosing it. Prepare yourself too incase your coin will go deeper than the amount you bought it.

Stop looking for that altcoin season, there will be no altcoin season for this year for some obvious reasons.
If you are only depending to crypto, you need to start looking for some other source of income that you should rely on.
Don't stick yourself with one source if you think you can't survive this probable long bear market for alts.

The plan is the main thing to pay attention to. What are your goals for investing? How long do you expect? How much profit? all that you have to specify then you can research into altcoin to be able to find what is in accordance with what you are looking for. do not be rash in investment. especially in the cryptocurrency market. here is different from the stock which the risk level is quite large

I totally agree with all the points that you have outlined. We need a stream of income to be coming in steadily and then growing some long term, medium-term and flipping bags, to keep growing our capital. I have now a new plan, Hold large-cap coins like Bitcoin, ETH, TRX, etc then grow also some medium and low cap coins with huge upside potential and returns in smaller amounts, leveraged with some stable coins that I can earn interest on so that I have like baskets in my portfolio with different kinds of assets. I also want to diversify eventually in assets outside of crypto and that is where the moon comes in When I have a moon phase incoming either for a low cap coin or the whole market, I will liquidate a portion to move into more fixed assets/gold back stable coins.

In order for us to prepare on a long term hold we need to get some good income and find a job in order for us to gain money in which we can invest to buy a coin and hold it until the bull run comes, just like for example me I am saving my money to buy coins and hold it until the bull run comes in which I will do a long term holding right now to be able to gain profit.

A very nice ideas. If you want to survive never to relied with single option that locks you up it's always best to have alternatives. The market is volatile and there's no certain time to accurately predict what or when the market will favorable to your position.

If there's other way to get more fundings where you can add up to your investment it will extend your survival to this market.

if you see from the topic title. I invest for the long term tend to choose altcoin that has new innovations in the public, like the example of ethereum on a smart contract basis, and in 2017 the peak success period, and many more altcoin that are successful, because of projects like this that are favored by investors, it's all forms of ideas or innovation. but my percentage tends to choose bitcoin for long-term investments, because this is purely for the future.

That's why I keep telling my friends that are planning to invest in crypto currencies to use only extra money. And they should not expect crypto currencies as an easy to become a millionaire venture. Yeah, there were already thousands of people that became millionaires from investing in crypto currencies but for sure there is an enormous amount of people that lost a big portion of their life time savings.  

We must be able to find the right momentum when we are interested in investing. As you said about ethereum which was in its heyday. we can get big profits when we can choose investments that do provide benefits. Products and platforms received by the community are quite strategic in the future.because certainly will experience price increases

Crypto currencies are not a bad option to invest in as far as a person is investing in the right coin. Digital market is full of options and among those, only few are beneficial. People who invested in bitcoin and did not buy or sell them out of emotions have been rewarded. No one can deny this. If one can become a millionaire, then others can also. People lose due to their blunders and mistakes.

This is good information for people who want to hold in the long run. I have also experienced the same thing, when I make the coins that I hold as a monthly income, but what I get is sometimes disappointing or not in accordance with what I want, so it is important for us not to depend on the coins we hold and we must have other income, maybe by trading small amounts. And don't forget to keep updating information about cryptocurrency and observe the movements of the coins you hold to take the next step to keep holding or not to avoid failure.

One of the major ways to become prepare to hold coins in long term is you must have another source of income. In general in crypto market, most of investors sell off their coins for want of money. They somehow manage money to invest, but do not have other sources of income to pay off the money borrowed to invest as they already suffer losses in the market.

I agree from the points you have mentioned above, especially with points 2 and 4. that not all altcoin is good for the long term, you must be more selective before investing in any altcoin especially in many cases altcoin has lost its value. so I think if you are a wise investor, you can certainly reconsider before investing in altcoin and also always update every portfolio you have.

This is a great list BUT...

When long term holding, I'd like to think that you don't "always" need to stay updated about crypto. I'd actually think that I am long term holding exactly for the OPPOSITE reason which is because I don't want to need to be constantly updated with crypto news and shenanigans.

You will need to at least stay updated on your own coins. For example, if a coin swap happened due to a chain migration, you may lose all your coins if you do not claim them within a period of time. One recent case will be BTCP in February this year.

because it is important to maintain the funds owned, if you do not get the latest information you will lose a lot of knowledge about existing information, the worst that you say if you need to swap coins, if not done then the coins you invest can be lost and cause losses

Exactly! Added to that is we need to be prepare:
First, is your fund, how much you are willing to invest on it, how much is your allotted capital.

Next and important thing is: be mentally prepared, as the value of crypto differs from time to time, and from the snap of our hands the value can be down to 1-99% or worst will really drop, so we should be ready in that moment.

It should be done by everyone. Because I've seen problems like that and they were all problematic about their survival in crypto market.
All they depend on is with bounties and after seeing that it's starting to drop in legitimacy, they all think if it's possible to up.
The solution is very simple, add another source with crypto or not related.

Looking at market conditions now I only make the top rank for long-term hold, most projects die and scam because of many factors so that for long-term security, holding only top rank coins is the best solution.

You need to have a strong will in long term investments. If you cannot separate your emotions to the job, you will most likely not last in this industry. It is tough to stay in track when there are a lot of rumors running around an tries to discourage you. But it also important to keep in mind that not all investments will suceed though it will depend on how strong the coin is.

you said its not about good coins but its how you hodl but why you have a 4 reasons ? the two of your reasons are about picking a good coin which is against on your first sentence . its not really about hodling alone because no matter how good you are at hodling but if you only pick a bad coin , i dont think youl be sucesful of earning a profit but the other two of your reasons are okay and i agree on them .

Hodling is not an easy process. It will be wiser indeed to find additional jobs to have income. Long term investments are difficult to maintain especially if you are easily swayed by the fluctuations in the market. It is a strength not to be discouraged by different factors and impulses caused by the pressure in the community and in te market.

What I do, of course, is to select coins or tokens that have a bright future because of the real use case. Of course, saving bitcoin is mandatory for me.
I buy altcoin with the money I get from airdrop or bounty, so if there is a loss it doesn't matter because the money I use is free money or prizes. For the necessities of life, I can still rely on my monthly salary. As the OP said, keep updating with the altcoin that I chose so as not to miss selling if at any time a case occurs.

Here the problem is picking the right coin for long term hold. Not every coin profit good in the long term, analyzing better we need to pick the right ones. In such a way second point is very important. Initially he has stated the indirect warning you can't expect results as one wish, so having a job secure the life. In the third point it is also about choosing of the coin, finally the continued observation is a must to make changes to the holding if something isn't working as scheduled.

The question is will you be able to keep holding after several months of holding? even when your coin keeps losing value? how determined are you? because holding is not for every one, you have to deal with it both physically and mentally

Bitcoin has survived for more than a decade, because it represents an idea. It is not the best coin out there in terms of technology, and neither does it represent the most secure cryptocurrency among the thousands of different coins. And the scene is constantly changing, with new coins and tokens being listed every day. Under such circumstances, I don't expect an altcoin to maintain its peak acceptability and user base for more than 2-3 years. Sooner or later, it will be replaced by a technologically superior alternative. So you need to keep that in mind before deciding for long-term holding.

based on what I do, just young.
I have $ 100, and I buy coins on the market whose prices are down or the graph is red. see the history of the highest prices too, then I confidently bought it then hodl for the long term. don't think too much if you want to be long-term, look at the price that's going down. unless you want daily trading, you have to be more thorough.

I think, if we want to invest for the long term, what needs to be prepared is research and mentality. With research, we can find good projects and are fully supported by a solid developer team. With a strong mentality, we must be able to be patient when prices move quickly and not easily panic when coin prices fall

To prepare for longterm hodl base to what I do is if you have a chance to buy that potential coin grab that opportunity to buy, then hodl it until you see a gain profit. Always observe the market so you know what is the best to buy now and if your hodling coin gain a profit. No exact time when bulls to come so always be observe the market so you not missed anything especially if you hodl potential coins.

altcoin will always be decreased and increased. there will always be a decrease and increase over time create a unique crypto trading gains and losses for altcoin indeed follow bitcoin until now. altcoin enough to survive when XRP prices are falling not too strong when the price of Bitcoin below.

I missed some information from altcoin that I hold, point number 4 I always miss when I have a lot of work and ignore some important information.
But in some cases, I have altcoin which has a real product and to date, I have held it for a long time according to the road map they provide on the website.

All of your points are not possible if you do not have the means to support yourself while holding all these coins, people are selling their coins because, of emergency, in my experience, I always lose all the good coins that I want to HODL because of personal needs and emergency, so it's important that you have the means to support yourself and your family.

Did you trust with ripple altcoin although have lower price today/ I have wait for holding ripple more than two year where invest with ripple on higher price, I have closed my account and never looking anymore with ripple coin price because always sadness got ripple have very cheap price. Although ripple have good rank on coinmarketcap but price of ripple still down and many investor lost their investing in ripple coin.

Pretty much a great post for newbies like us. Dear I wish you all the best. And as well as new ones, I would like to say. That is because of your own money and lazy money that will not hurt you if you lose your money. If you invest then the chances of cheating will be much lower.So always invest carefully.

if the project clearly follows its roadmap for a long time then this is a very good sign for you. this project can bring you a very big profit when the altcoin season  will come

what is the name of altcoin that you now believe in and save for the long term ?, I myself only have waves,
I bought it at $ 2, and now the price of Waves drops below $ 1, this makes me feel insecure

All the list above you have mentioned is helpful. The point is the market is very volatile and we should be prepare for the circumstance may come when the price sudden plunge in the market. Be prepared emotionally, and mentally because in trading we might lose and can earn in this industry. Also, the number 4 in the list is the most I experience lack of time when holding long term coins that is why we have to be updated always about the project.

That's normal for those traders who manage decrease and increased for buying and selling coins for all altcoins you can see on the market.

for now investment in crypto currency with long-term investment or short-term investment has not been able to be done fully and become my side job and is not too focused because I have a reason the government in my country has not fully recognized the crypto currency as a valid currency and even still prohibits direct transactions with crypto currencies

Don't feel bad about that. The highest for waves was almost $16 and it's very far to that point. Be glad that you haven't bought it at that price because there's a tendency that it can go back to that price and pump once again.
While you're holding it, you haven't lost anything but if you start selling it that would be the time for you to lose.

I think you don't need to worry too much about that. I also hold some Waves Token, although at this time many of the alt prices are falling but they will not be like that forever. I'm sure there will be many opportunities for them to rise and shine again at the right time. And, so far the technology that waves use is quite innovative and they have a real use case on their tokens.

Long-term investment should be confident. There is no stable cryptocurrency on the market except bitcoin. Now most projects can deceive their community by selling a large number of their coins and thus underestimate the price. And this box likely outcome of the event. Invest in bitcoin and just wait . It is desirable that you have a main place of work or learn blockchain programming. Then you will always have the means to live and continue investing. Bitcoin is eternal in contrast to all altcoins.

another source of income? maybe for me like daily trading in this industry, I only do this option besides investing in big coins or investing long term. and don't miss about updating every portfolio that I have.

Hodling altcoin for long term is pretty cool but you ought to have another source of income than been full dependant of crypto to provide your daily needs. It takes some altcoin years before they can be able to increase in price, you shouldn't stay broke while waiting for the price to increase. Having a spare job will help you not to feel frustrated about the volatile nature of altcoin price

The purpose of other income might be interpreted if we have a source of funds from other jobs (salary), so that when we experience financial difficulties, we will not sell the bitcoin / altcoin that we have been holding, because from my personal experience, I will sell the assets that I have even though the price is cheap to be able to cover the needs of funds right away, so if we have other financial sources, of course, it will protect the assets that we have invested.

To me I feel hodling has to do with decision and before one makes such decision to hodl he or she should make proper research to avoid tokens dumping on him or her as it's not everyone that has good road map to his or her project and not all with road map execute it. A team with good product will always make good plans for their projects while some can abandon it and move to another Project, so if you meet this kind of coins you will definitely weep but best to hodl to me are bTC, ETH, LTC BCH XRP etc they have been there since old and are still waxing strong which shows team are up and doing but not newly launt platforms without a good usecase which sole arms are to steal from hunters. Initially I do think securit projects are the best and would make waves in blockchain but what I am seeing from some issnt really what one should totally invest for long. I will appreciate we do proper research before hodling for long term. And while hodling for long, always have two things in mind, it .ight dump or moon but best you take your mind off it at that moment till your expected time.

in the end of the text, i agree with that. altseason what we are waiting for and i believe it would happen again inthe future

i myself prefer to wait that beside lost much money to trade in this shit season, many coins are falling right now

after alseason is coming, it's easier to hold even you dont have to be smart enough to find good coins

History repeats itself.  That's what they always say.

It could be next year, next 2 years or maybe even 10 years from now who knows what could happen. But for now, nothing is left to do than just keep trading. Holding your coins will not make them grow. If the coin you hold spikes, sell and then move on to another coin that just drop to its knees and wait til it spike again.

The more knowledge about the coin, the better your chances are of making good results. So basically it's all about your research and study about which coin would be good to hold or trade with. I don't have any problems with hodling, i even prefer to hold at times especially since i don't have a great history in making day trades. The coins that I've held for a few months though have yielded good results. As you've said, history repeats itself, one way or another. So try to stick with coins that have pretty much established themselves already like those in the top 10 or top 15.

Volatility is usual of digital market. Crypto currencies are famous for their volatile nature. The value increases and decreases from time to time. But this is the whole reason why people are able to make money out of crypto currencies. The more a coin is volatile, the higher will be profits produced. Like you said, for old players, this is not anything new and they are capable of tackling this situation easily.

oh come on boys , the basic plan for long term hodl is simple .
1. buy bitcoin
2. stay away from internet .
3. enjoy your day life without have connection to crypto industry/world.

it if u treatening bitcoin as a gold.
--
i didn't see any good coins for long term hodl except btc so far.

In my opinion for a long hold, you should only use what you have in surplus as an investment. Bitcoin is the best investment cryptocurrency for a long term,  this has been proven far back in 2016 when I first bought my starsh and hold till 2017 when I made some good dollars. Long-term investment is good in bitcoin only.

Since 2018 almost all altcoins released since then are bad, many of them are bad for longterm hold and looking at the price today they already down over 90 percent, this means most of these coins are bad, if any one wants to invest in altcoins for long term hold its better to go for coins that are created before 2018

I started to do this research myself. I think to invest in long term. and I need to find a few more altocins besides bitcoin. I'll make up my mind after researching some of the more beautiful projects and technologies available.

I agree with you. We should have a separate revenue outside of alt because it is not known whether they will increase or decrease sharply in the future. I had a hard time because I only invested in alt without any other source of income and didn't know how to sell it on time. Updated information about alt is essential :-[ :-[

That's a wrong technique in investing, at least you should find a job so you will have another source of income.
Investing in altcoin is not a typical type of investment where you can expect a return regularly and in short time, we are investing in a high risk investment if we are talking about crypto and with that, there is no assurance when are we going to be profitable or if we are going to be profitable.

I agree that when we are preparing for a long term hold, we must have another income and not use borrowed money. Long term investment requires patience and also requires time which can be very long so that if we use money that we can afford to lose, then we will be calmer and not easily panic

the problem is because the crypto industry is free, financially free for anyone who wants to take part in it, good people & bad people are always around us. so, there is no guarantee for your security, only you alone can determine your destiny here.

Staying updated always should come first. Altcoins gets delisted every now and then keeping up with exchange and project announcement is key to surving. I also wish to add another strategy

Have small portfolio you can easily manage
Assume the worst can happen at any time

Prepare it as you said, but if it is not in season it will be difficult to see the development in the future, whether this coin that we hold will undergo change, increase or others.
I get income from AirDrop and bounty hunter which I will play in short term and long term trading as you said. The point above I strongly agree but there must be a risk in the future that can suddenly correct project true use is just missing because in crypto all can happen wherever and whenever it is. We are only able to prepare the fore plan to minimize our risk of investing.

I agree with the first point mentioned by Op, to prepare long-term HODL we must have another job to fill our activities to get income, because if the expected income only from investment we certainly can not get income in a short time. in addition, extra patience is also needed to prepare HODL for a long period of time

I stay up to date on cryptocurrencies daily, read the news and follow Alcoin. Thank you for your helpful information. I will not miss any good chances. :)

right. Many Altcoins are not good for long-term holding for a variety of reasons. Operational products need to be focused more. and especially those currencies must grow stably.

At the end of the day, it might all come down to luck if any coin you hodl actually moons over a period of time. So many factors can affect the project behind a coin. Team changes and defection can end a project abruptly. Also, for tokens, migrating to mainnet might require you to do swaps which you might miss out on if you hodl without keeping tabs on the project updates  regularly

its a common secret. crypto just for gain profit, its good as long as they can put their coin on exchanger.

point number 1 is good for long term. they must have stable income, or montly income to fill their need. usualy, richest will play long term. or you can day trading with some capital.

Be patient. You must be prepared for the fact that you will not see a profit for a long time. Or maybe you will not see at all. You must be ready for any turn of events.

Like bankroll at casino.  Have enough to stable the bad times always
Or wls you gonn have no luck you also got no chance

In my case I can't update all the time, so missed huge news from the projects development process. I invested in right coin buy low amount then i saw message and realized that I missed swap token. Another source of income must need to earn good profits. You could be risk free if you select several coin then wait for profits to another coin.

I agree with you when you mentioned that the best coin to hold for long term is Bitcoin but I don't concur with your last sentence, stating it's good in "bitcoin only". There are different cool strategies in long term investment especially, do what works best for you from experience. 60% of my overall holdings is in Bitcoin, 20% is in ETH and the remaining 20% is in a few altcoins I believe have good future prospects.

You made a huge points on identifying altcoins worthy of holding. i will like to ask if you have any or knew any tokens that have quality use-case and are reliable. altcoins that you think that are worth holding apart from Bitcoins and ethereum because i believe that these coins are exchangeable on trading platforms.

Great points. Point 2 and 3 are other way of saying, choose your coins wisely. Now wisely means invest in coins that have strong background, strong  team and have real world use cases. That requires research and spending time on crypto coins.

You always have to be ready for any turn of events because cryptocurrency is unpredictable. There are times you'll make profits. There are other times you'll incur loses too. That's the game of cryptocurrency.

what I prepare for hold is mentally prepared for long-term hold. besides looking for other income from crypto. mentally very needed in this case.

If you want to be prepared for long term hold without worrying about the safety of your cryptocurrencies then you should buy a hardware wallet. Nano Ledger wallet is one of the best hardware wallet in my opinion and that is the best way to preserve a cryptocurrency for long term hold since it is very secure and you really have your cryptocurrency since it is on your hands.

I think you need to control your capital before investing in the long term because during that time you can only wait for that coin to rise so be careful. In my opinion right now is suitable for long term investment and you should plan in the most detailed way to ensure you can make a profit when you want to sell. In addition, you should also buy a hardware wallet to keep the property because this wallet is often used by a lot of people.

Throw away the private key and you are the king.

point no 1 between trading and also work in the real world, if you have knowledge about trading then it is a good way to get daily benefits besides investing in the long term. and in the real world you don't need to worry because you have a steady income every month.

The next most important point is that you invest with coins that have good price developments, and don't forget to always renew your investment, because not all coins can survive in the market.

by having income from other places, the investment will be more flexible because the funds used are not daily funds. but with the investment conditions must be really promising and do not forget to update existing data.

5. HODL only releaible projects. There are not so much of them on the market

As hard as it seem today in crypto world, its still possible to turn your 800$ worth of coin to millions if you invest in very good coin, the idea of buying when price are cheap and hold for few years is the best i can ever think of, many did it and it works for them

besides that we must prepare psychology so as not to panic when floating. although it seems easy but a lot of people panic when fluctuations occur, therefore because of this long-term investment, then don't look too often at the market so we don't feel panicked when floating plus or minus

When we use idle money to invest, then we will be calmer and not easily panic. Investing in the long term requires a strong mentality because price fluctuations always occur and this can affect our decision to sell.

The things you say are indeed needed to prepare a long-term investment. Do not just depend on the investment you make, because sometimes we need other income for at least we use it in trading in order to get income and do not rush in choosing coins to invest in the long term and continue to observe updates or news about the coins you invest.

From the past, many investors who entrust their money investing to this market received huge rewards after that 2017 pumped. Preparing yourself
with holding assets that are cheap by now but still have a good potential to bounce back, do your research and not just to spend your money investing to project that you don't have any ideas, the way to earn from this market is to keep trying to find what suitable coins that will be beneficial to hold
for long term progress.

I think there are way too many things you should do before you buy a hardware wallet. Learn to use a light client first, learn how to set fees, how to RBF and all that.

I've seen too many people just go out and buy a hardware wallet only to either lose it or forget the seed or private key.

Yeah, so secure even you can't access it forever.

Hold that projects that have a real use is an error for me.

Watch Verge, Pivx, Neo, Dogecoin, Nexus, Cloakcoin, ... It's an analysis error ..

You need to hold the lowcap / altcoin that can generate the most FOMO and hype. It's very different. Personally I do not care about the use case .. On the other hand if I see that the project develops issues that can generate strong speculation then I buy.

The next hype / fomo could be:

Mimblewimble technology (Beam, Grin, Bitgrin,...)
A new consensus (ex: Nyzo)
Non-collateralised Stablecoin (Haven Protocol, Bitcash, Triton, RSR, ...)
Full anonymity by default (Veil, Piratechain, ...)
Security token
To simplify bitcoin, more refined (Cruzbit for example)
The resisting quantum altcoins (Snowblossom, Mochimo, ...)
A new type of masternode (Sinovate)

The old hype 2016/2017 was these themes:

Zerocash and zerocoin technology (Zcash, Zclassic, Zencash, private Bitcoin, Zcoin, and many other forks, ...)
Masternodes (Pivx, Smartcash, Zencash, ...)
The next Ethereum (Neo, Ark, Qtum, Waves, Stratis, ...)
the DPOS consensus (Neo, Ark, Cadano, Rise, ...)
BTC fork (Bitcash, Bitcoin Gold, Bitcoin Diamond, Bitcoin private, ...)
Integrated Tor (Verge, Kore, Deeponion, ...)
Token exchange (BNB, Huobi Token, Bibox, and many others, ...)

That's how I look for the next jewels!

Oh well. Some people tend to stick to their investments as their main source of income, say for example that the unstable price of Bitcoin becomes their main source of income.
I tend to just keep my savings whenever I invest on something. When I do feel like a coin is about to hit the floor, I put a part from my savings in here. I still use fiat anyway at most so there's that for not being driven by emotion when there will be a time that panic is gonna be common for a certain trend.

I agree with the OP that everything OP said is true, we must have a good plan and careful preparation in making long-term investments. I will add one more thing: we must also prepare a strong mentality when the expectations we want do not match expectations. because the cryptocurrency market is very volatile. and long-term investment also does not guarantee we will get a profit. therefore some of us always recommend investing as much as you can afford to lose.

you have a good point there. Long term hodling is a very profitable crypto activity that requires good discipline and patience. So, proper preparation is needed. Your four points are indeed relatable when long term hodling. IO would give emphasis on researching and knowing deeply the project that you plan to invest to make your longterm investment more probability of success.

Not everyone of us is ready to HODL for long term and I've been struggling in that too during when I was newbie here, so what I did is just holding some amount of Bitcoins I am earning, every payday of campaign, I am separating some of my BTC to other wallet, also when I am earning in trading, separating fund from it too, so I will hold it until 5-10 years depending of the value.

I would say that you should buy a ledger wallet, store your passwords and secret phrases on paper, and just leave it somewhere you do not have access to for a year or more. So you would not even think about selling your coins.

All this advises are really helpful and I also think that need to invest only that sume - what you ready to lose.

Good advice, you cannot really be a long term holder if you are holding your coins in an online wallet, your coins will always be at risk of hackers and you will always be worried about the safety of your coins, so the best way to solve this issue by far is to buy a hardware wallet, hardware wallets are relatively inexpensive especially if we consider all the advantages they have over software wallets and the peace of mind that they give you since you know that your coins are safe.

I agree not all good altcoins to hold especially for long-term investments. But there are some altcoins that I think are good for long-term durability such as XLM, XRP, BNB, ETH, LTC and BCH. Besides the altcoins I play daily trades.

First time most important thing when you want to prepare for long term hold is buy potential altcoin like XLM, XRP, ETH or LTC, although you hold for several years later but only buy shit coin you waste your investing without get profit because buy and invest whit coin without can't raise to higher price anymore, have opportunity to invest with altcoin above.

I think every investor will have a different choice when investing in the long term because these are old coins so the price increase will usually occur very rarely during this time. In my opinion you should look for some new coins that have just appeared this year and learn about that project before long term investment. Currently some new coins BTT, KAVA, ATOM, MATIC, TOKO are just appeared in this year and have great potential if hold.

Of course these are very risky options and you should consider 2 times because if the market tends to fall, you will not be able to make a profit in investment.

Study and research about the token that you are going to hold in the market. Pick a recommended bitcoin wallet or wallet that you are going to use you could easily check a token in its price chart if the token is at its lowest price in the history if it is it is a good opportunity to invest also I would only recommend popular altcoin token and bitcoin as the market for other altcoins was already dead.

Agrees to this. Maybe I can consider eth and xrp for long term but I wouldn't really bother to hold some altcoins and even monitor them everyday. I think only bitcoin can be safely hold for a very long time due to its massive use cases already. I know it will be here for a long time even 10yrs from now. Who knows how much price it will jump right? Maybe 10x its current price now or more.

Definitely I would go for bitcoin also for long term holding. Alts come and go, yet bitcoin still holds its ground up until now. We may experience the up and down movement but it is the only market that sustain its position. But of course, you need to be prepared for what the future may come also. We have no assurance that everything goes well with your investments.

For a long term holder it will be best that you are using the extra money of your wallet in order to make sure that you can hold for countless of years. It is like a saving so you can play with it safely without worrying of your daily needs.

This is the common problem of other holders, they are using their main money for investing so most of them cannot wait for the right time to sell as they will surely need the money if they are out of it for their daily needs. What I can add to your suggestions, is they need to be patient and make sure that they will not listen to useless fuds that are spreading everywhere so they can sell their investments in the right time.

Just to add on #1 of your list; having another source of income through maximizing different investment platforms would be the ideal scenario. Long-term investments require one to at least diversify your investments so you could use time to your advantage.

Take note: HODL does not require one to invest long term. As long as when you see that the initial price is higher when you purchased it and you would realize income instantly, then do not be greedy and consider cashing out at least 40% of your total investments.

"Just leaving it somewhere" is OK, if you could remember all the passwords and pin numbers. Normally what happens is that when you don't use a password for a long time, you tend to forget it. And writing down the passwords or sharing them with someone (either family members or close friends) is not a very safe option. The main issue in storing your coins in hardware wallets is not with someone hacking the wallet and stealing your coins. The major issue is the user forgetting the password and then losing the access to the coins.

Before investing in crypto currency, you should be prepared to lose some money, then you're mentally stable to continue with the game of crypto currency. And the number three you mentioned i thought was very practical. The use of altcoin' s features to be in a very prominent place in the investor' s eyes, they find it highlights, they want to learn and invest in it. And coin will have great potential in their eyes.

Thats true its not easy to hold for long term because we'll never know when we can take profit. There's no assurance at all hence we must not invest the money that intended for other important things so we wont be tempted to sell incase of emergency especially if the market is not ideal to take profit already.

What op's said is all true, if you can follow his advise you'll be on the right path on how to hold effectively.

Its definitely not going to be easy for those who plan to hold for long term and still use crypto as their daily earning gateway, they will always stare at the values of coins everyday or time to time, it will be less easier for those who have other life jobs, i guess that hard part is almost over now, 2020 is around the corner

I think what needs to be prepared when we are going to invest long term is patience and also emotional stability. Price movements in the market are very fast moving, without patience and emotional stability, we will easily panic and be able to sell our tokens at low prices. In my opinion, the best way to buy tokens or coins that interest us and store them in our own wallet and forget about it for several years

we should not totally forget our assets, its really dangerous if there are important update and we miss it. I am agree that we should not checking its price regularly but we should not oftenly or our emotion and psychology could be stress when its value not increase yet. But if we hold major coins such as bitcoin , eth , ripple and many others we could feel comfort when we leave it on our wallet for several years.

Your right, HODL for a long time is not easy at all, mostly no other source of income as it stated above is very bad, because they are some, volume of demand on alt-coin is very low and is not much courage to hope on it, as a daily means of income. Secondly is good to have other means of income as a delay need and also invest on cryptocurrency as the case may be.

this is the top priority as a long-term holder, I see many people holding altcoin but they don't have other jobs, I work as a trader and also work part time sometimes every profit and income that I buy little by little altcoin that I want to invest in the long term

my advice for holders is better not to hold altcoin for too long if you just hold and wait especially you don't work at all to get other income

Don't fall into the traps of fear created ad hoc by the mainstream media. Only by looking down can we avoid mistakes that we might regret in the future: do not sell thinking that we are about to lose everything.

If you want to forget when investing, you should only choose some safe coins like Bitcoin for long term investment and will greatly reduce your risks in the near future. At this point, any investment should be considered multiple times and the downtrend in recent months has made things more difficult to predict. One way or another, you must always manage your assets the best because if that coin is not able to rise well, your profits will be greatly reduced.

Currently, I recommend holding for at least 3 years and if during that time you cannot make a profit then you should give up and switch to investing other coin.

Exactly, we should stay strong in the market after purchasing because before purchasing we should research a lot about the companies and their developments. Even though the price of the coin dropped, don't bother much about it. Long term strategy will always help you to make some decent profits.

Even if the media spread FUD, the strong market will don't give a opportunity to them to realize their ideas. Before taking an investment decision, smart investors think smartly in their minds with all possibilities of risk management but the external factors strictly change their point of view due to the tension by the media, friends, family and the scam projects.

but actually in making a special investment when doing research you must determine when to sell and when to cut losses. when investing in coins with a long time I think is also a bad, in the sense that you are not well prepared to invest

I agree with the statement that not all altcoins are on long-term detention. because only a few altcoins are good for long-term hold. we must be really smart and careful in analyzing a coin before we plunge into it

in the long term, it is better to choose altcoin with a developer who actually runs, for example, ethereum, xrp, waves, litecoin, xmr, crpt, pundiX, etc.,
we must know whether the project is active or not, if you buy BCH, or Doge for the long term I think you have to think two times  ;)

We should always be careful with it, altcoins are good too, but it is up to which coin you would like to have. Still good to hold is Bitcoin and Ethereum for me, for the rest you can do your part which coins you would love to hold in the long run, for altcoins, aside from Eth, would just love to hold some altcoins in short term as I don't have much time to check their activities and price action. So, I prefer few coins than being too aggressive.

we must resist the rumors, the false news and at the fomo and not sell at a loss but resist and make a long-term hold strategy until the market returns to a bull phase, of course the risk that the altcoins will be delisted from all the exchanges or not worth nothing it is real but actually very remote,certainly choosing altcoins with a solid structure, with a project with a future on the market can help...

you are right and if someone does not plan to stay in digital coin market for long, then he should change his approach. Digital currencies benefit only when held for a long duration. People who come and go within short duration s, fail to get rewards from digital assets. In any case, investing in potential coins can only give investor profits. The best is to choose bitcoin but mentioned altcoins are also not a bad choice.

Three years is a very long time and would be a lot riskier with some other cryptocurrency other than Bitcoin, Ethereum and other major players in the market. I think you can hold it for thy amount of time as long as you keep track of the news about the developments because there are projects where it turns out dead with no updates. I would strongly suggest Bitcoin just to play safe even if you just leave it for many years to come with hardly reading any news about it and you’ll find yourself on the winning side.

For long term investment, always hodl Bitcoin is the first rule.

And then about your statement: "You must have another source of income" absolutely right. You need to create other outcomes to maintain your daily life and savings.

Don't put all eggs in the same basket. Invest in some other cryptocurrencies other than Bitcoin. Ethereum, EOS, BNB is one of these.

Yes, to keep long their coins need to have very large patience. This strategy is not suitable for everyone, because while holding a coin, you can make many mistakes due to lack of patience or nerves.

For long term holding, I only like to use bitcoin as bitcoin is the best coin which gives profit for holding and with the passage of time price increases so we can sell our coins at high price. This is all about the time of purchasing so we should buy only if the price is low in the market. We should try to buy a red market so when it will rise we will gain profit.

preparing research is the beginning before starting investment, if you already have research that you think is strong then you will be confident in holding. always make a few plans because when an investment runs there are usually a few mistakes and therefore at least two plans are needed

Searching about which one altcoin to invest is most important keys where we know with altcoin partner and group before investing, many altcoin not have distributed and partner with real product company and make price keep lower, we have check how many company adopt some altcoin for investing there, without have any company maybe looking other project is better than keep invest whit shit coins.

Also you should ignore all the rumors out there it can distract you. A man with a huge patiance can hold for a long time & i think choosing a safe coins is a good option. There are few stable coins right now. If im going to hold i will choose that stable coins.

Holding altcoins for the long term most of the time is not a good idea, I know that someone will come and point out how you could have bought ethereum for a cheap price and be a millionaire now but that is an exception, if you had bought any coin other than ethereum then you could have lost all your money as well, the safest path is to hold only bitcoin and do your best to increase the amount you are holding by buying more of it whenever you have a chance.

The best way to prepared  is by start collecting top coins that can live long like bitcoin or ethereum. Start saving it and you might be surprise what will happen after a long time collecting this coins.  Do not pick a new token as ut was very risky to fall down so quickly. Better do some research before invest something and good luck to you.

Thanks for the describing very easily which is everyone can able to understand. I concern with your first point because it's very realistic. Without another source of income you will never survive to holding in cryptocurrency. Because there are no guarantee you can make profit in the specific deadline and all of the cryptocurrency isn't enough liquidity for the long term investment.

The best way to prepare for long term Hold is by first checking on project working products and road MAP, check on the team wether they are really real, check the social handles, check exchanges where the coins are trading with your research you will dictate fake and real projects and projects for long term HODL

I agree with your points. Although hold is a fairly simple strategy, but still not everyone can correctly apply it. So you're completely right.

You're right. This market is not so easy to survive because the downtrend during the past few years is causing a lot of tired investors and some people have left this market this year. I think it is necessary to have a new investment strategy and currently Bitcoin is the safest investment that people should consider more. During this time there are not many good options for investors so it is best to just hold Bitcoin.

Or much netter would be to not believe in them and do some research to find the truth on your own. This is the biggest problem of people nowadays. They do not work hard or try to achieve their goals on their own. Relying on others for one’s own success makes no sense at all. Crypto currencies are beneficial when they are unstable. Stability kills their benefit producing trait. Besides, there is no risk in investing in bitcoin.

if you think there is no risk it's wrong !, why? because Bitcoin is still unknown what the future will be like,
we have to prepare for whatever happens, working as a cryptocurrency trader is very fun and I can't leave it behind,
if you intend to make it long-term make sure the money you make investments is meaningless to you

There are a few altcoins I plan to buy for my long-term portfolio. but they need more time. I also think that without BTC there is no long-term investment portfolio.

For long term hodl bitcoin is still safer compared to other coins because bitcoin runs in the mouth of the public more and its the grand daddy of crypto, its ATM is all over well known places too, the most successful digital currency till date is bitcoin, hands down

I agree that all cryptocurrency at exchangers is risky including Bitcoin because there is no clear regulation of Bitcoin as an investment or as a medium of exchange. Maybe Bitcoin or some good altcoin and can be used as digital investment, but indeed to invest long term, we need to be prepared with all the risks

Indeed because as per analysis, majority or like 90% of the altcoins has no future, it could be either they are just scams or the team are not really capable on developing the project, we got fooled by their good roadmap or whitepaper but the team is not that reliable.


All the coins you've posted are good altcoins and personally I am holding that too in my wallet and i am confident that despite of the struggle until now they will survive in the long run.

Even after a decade, thinking bitcoin to be some risky investment is like a tasteless joke. The doubt made some sense back in the days when nobody was investing in bitcoin or wanted to hold it. The price was too low, available in pennies. But now, just look at the current price of the coin during the dip. It is still the most expensive asset. Digital currencies are the future of money and top coins are not scam at all.

preparing for long term hodl is very important, the points above are very note worthy and i believe if we can key into them we should be able to make gains at the end of the holding period. alternative source of income should only come as the last point because there are so many people that depends only on crypto and they have been able to manage their resources very well to be able to hodl for long term.

Indeed, holding for long term is not that easy and temptation is there if something went wrong in the flow of the market. Holding worthy coins is a must to be able to hold without worrying if your decision is right. Having another source of income is also needed so you dont need to sell in a wrong time because you're in need of money since you have other resources to count on.

This is really important when people share their portfolios and they state they want to hold their coins for the long term I am always surprised by the lack of bitcoin in such portfolios, I could understand that if the person building his portfolio was only interested in holding their coins for the short term, but when it comes to long term growth there is not a coin in this market that can challenge bitcoin and its great performance over the years.

After year and year top coin list is always change. You can't hold one coin for long term without top 2-3 coins. Your list will be changing after few years. Even you will change your mind if you saw a pump of a coin like Binance exchange coin this year.

Well, I would argue with this:

3.HODL Only Altcoins With Real Use Case

This is not always necessary in my opinion. But it depends on how you define this use case of course. Some big guys use DOGE for playing with hamsters. Is this a good use case? :)

DOGE coin has no real use case to me, wonder how it became so good since last bullrun but i guess that is because of the love from community, apart from its fast transaction speed and very low sending fee it has no use case

Yes not all altcoins good for long time holding Because the project development is not very effective and they are not fast, there is no demand for their project in the crypto market then by holding there you will not get any profit. So you have to participate in some projects where development is more important and they are worth a lot of investment.

Altcoins a large number. And many projects have not been developed for one year. There are a lot of such Altcoins. Before buying altcoins and holding them for a long time, you need to understand the project team and its further development. If altcoin is promising, you can hold it. Now the cryptocurrency market is not developing stably. Be careful when investing in altcoins. My opinion is that the future lies with Bitcoin.

Therefore we need to be careful in choosing the altcoins that we hold for long term.

just always check the history and its trend, IMO, now less than 10% of the total altcoins in the market are good, legit and will potentially succeed in the future and those are the coins that has survive during the a long bear market until now, you can find them easily by looking at their trading volume and the site they are currently trading, try to check BNB, its one of the assets that I hold for long term, and ETH as well.

You can make your own choice as I only mentioned 2 of the 10% legit coins in the market.

In 2020 will be a year of development of the cryptocurrency market. I believe that aiming for a potential altcoin will help you to make a big profit when the market explodes.

Agree, to hold Altcoin in the long run, we must understand about the project. There are many types of altcoin on the market and there are more than 3000 altcoins so in my opinion research is needed so that we are not stuck investing in bad altcoin. I agree that for long-term investment, Bitcoin is still a trusted asset

well, we have to look at the most case. dont look at crypto as individual.
The fact, most coin, which can get up, is the coin which have use case
So, it is reasonable if the OP said like that

beside that, doge coin is pure pump and dump coin which just suitable for short term
OP tells about coin which is good for long term :)

I am totally agree with you because the same thing that I apply into myself whenever I am holding my crypto coins when I am certainly do not in need to use them or stocking them for good. The first one you have mentioned, I always certainly do to seek for another source of income because I never treat crypto as my main source of income and I know that I cannot always expect to have gain an income from it. Same thing applies to numbers 2 and 3 which I certainly sort out my alts into those that I can already give out and those that are good for holding into a longer period of time. The number 4 you have stated is the most important thing to do since we are into a volatile market in which every moment price changes, we must keep ourselves updated always for new informations regarding the price movement in the market.

The powerful investors have alternative choices and they can sell the investment in a loss if they don't like something in the market conditions. The long term HODL-ers never care about the short term price movements, you need to be patient and strong. In case of loss, you have no leveraged trades, so it will be easy to sell the trades in a breakeven.

indeed when you do long-term trading will only be tested with your patience, but I am sure with this method the benefits that you can get will be very much, so to be able to make you forget a little about your assets in cryptocurrency you can try to find busyness that can make You don't always see the market.

Altcoin season already looks like something unreal. Therefore, to hold coins with the idea that it will suddenly be able to grow is unreasonable. Coins are worth selling immediately when they show a good price.

Consider hodling some exchange tokens like BNB and ecxx. When the next bull market comes, traders will flock to exchanges and the price of exchange tokens will rise.

Patient and strong! Volatility is constant in the crypto market, the price moves in both directions without any announcements. Short term traders earn from volatility, some traders lose, it's a risky way to make a profit. Over the time price rising. We can compare prices from five or more years ago and we will notice a significant rise. Who plans to hold for five or more years should invest and just forget about that investment, lock it in a safe wallet and put it away. Don't pay attention to price movement, it will grow and it will drop, but in the long term, we will have more bull runs and price in future will be higher than it's now.

I will probably argue against the concept of holding altcoins for the long term, altcoins are there to speculate with them and nothing more, you should not hold them and at the first sign that may indicate that you are about to lose money then you should get rid of them, you do not want the same to happen to you that happened to all of those people that invested in altcoins at the end of the year of 2017 and then lose everything that you have just because you were too stubborn to sell your coins.

That's a wise mentality if you can make good profit in a short period of time, however, some people who are investing are hoping for great return, bigger than it's almost unrealistic so they would hold. We can say that the current situation looks really bad and we can't expect a sudden change from the current price since the market has not showed some kind of stability, still the volatility is high and there's a sudden pump and dump happening from time to time.

Yes because it will be a regret if we missed the chances that we can able to sell the coin in such a good price and left with nothing. I experienced it before and honestly? It is a regret that hunts me till now, I did not  sell my coins because I want it for long term little did not I know that I was holding it already for so long and I need to sell it already but now? It is too late, the coin becomes shit coin now and it does not have a good pricce either.

Indeed, thats what I realized with the tokens I hold. If I can turn back time i'd rather sell of my tokens to earn already since I accumulated it through bounties but now the value is not worth for the months that I spent just to be eligible to get those rewards. It happened already thus I have to be firm to hold for long period, my crypto portfolio is full of worthy coins and if bull run occur I know everything will be worth it. For now I dont monitor the market often to avoid making decisions that I will regret later on.

i agree this is some of the things we need to know before buying and holding a coin
we always need to make a research about the token or coin before holding longterm
we need to visualize if the coin has a purpose in the near future if yes maybe its a coin good to HODL.

Very useful post OP, I think it will be help for those are long term holders,
I want to add one more thing, Only hold trusted projects for Long term

I totally agree with your prepare, but i would suggest to add one more session "Holding wallet...". I think prepare a wallet with your own private keys, backup keys... would be safe. This will prevent investors to lost they money just because of holding on exchange. We can not put too much believe on exchange anymore after Idax.

That's right, if you are preparing for long term holdings you also needs to understand the wallets that you need for holding your coins, never to rely your assets inside the exchange as possibilities of being hacked not just your account but the exchange itself is not safe in the eyes of the hackers. After that also take time to learn every securities that you need for protecting your investment, it will be a safe and smooth journey when you are securely holding your asset while waiting for the rise up.

In my opinion, one way to prepare for HODL in the long run is to continue to monitor price charts and pay attention to the good news for the development of the coins that we hold so that we can make a decision when is a good time to sell our assets.

I have been tired of hearing one word, Hodl. When I ask for suggestion on the investment of any coin, I am asked to hold. But the question, is holding any coin is worth it? Your suggestion is very good for me and other like me, who really need it. First of all, all coins are not worthy of holding for long term or short term. You should research and analyze beforehand.

Well.. that depends. In case you hold a large number of coins, then it may be difficult to track all of them. Also, the news from many of the smaller altcoins and tokens are not updates or verified in real time. By the time you are able to verify a certain piece of information, the price movement might have already happened. In the world of cryptocurrency, the coins can either skyrocket or become worthless in less than 24 hours.

continue to monitor price charts? You will lose a lot of time to trade long term if that is the case,
if you want to monitor the price charts every day you better do daily trading, it will make it easier for you to get profit

Monitoring your coin is not a bad idea because it can safe you from few disappointments like future swaps or forks, they can grow higher than expected sometimes as well, I have seen a 0.02$ coin that turned 1.2$ in this bear market, I swear I wasn't expecting such from the coin

Actually I am still student so i have not received yet any other income source without crypto. In fact i always trying to hold good currency like good developing planing project. Basically you are right not all altcoins is good for long time investment i understand it if those projects still low quality developing and no have any smart investors with partners then we can't make profit.

This is a very good list on how to prepare ourselves regarding ling term hodl. I guess some are basic to know but these are good reminders. I must admit that whether we know all these things, it is still good that someone will remind us about this and make it easier to remember and understand.

My plan for a better long term hold now is to make good money and start a real life business, without this I will keep selling my coins one by one to sustain myself

Agree, if we have determined that we want to hold on to the long term, continuing to observe the daily price chart is not necessary because as originally expected, the level of profit we expect will not appear immediately, and since then, the time we watch each day will become a waste, instead of that, we should only observe at least 4 times a month, ensuring that we do not forget any of the possible situations is enough. But recently, daily trading methods are becoming more popular because of its practical nature, holding for too long is becoming a psychological burden.

Good tips indeed. I think number 3 should come first. You need to know which one is good that will last for a couple of years more as most altcoins turn to shit coins after ICO. It's good to be always updated but if truly trust what you hold, a little update will suffice in my own opinion.

Preparing for long term hold is simple as saving in a piggy bank. Whenever there is price dumping need to invest and just leave it. What needs to be done is just watch the market movements. When we have invested on multiple assets automatically there will be difference of growth taking place with time. Here when the targeted growth is achieved need to take the profit leaving the capital. This will assure profit in the short or in the long term.

We should ask our self, are we really ready to hold for long term? Are we aware of the consequence of holding in long run, do we have enough fund for some of our expenses. Be ready emotionally and of course financially and remember that long term doesn't mean, months, it is a year or more, so we must really be careful and know what we are doing.

we really have to prepare ourselves when doing a hold and also have to do strong research so that when doing a hold we have a strong reason to do it. the most important thing is our emotional will be tested when the price drops when holding

that being said, at least you can finance your monthly needs so that you don't have a burden, and can last for a long time.
most people use their funds to invest but do not yet have sufficient needs.
finally sell their assets both in a state of loss / profit.
it is better to save for your needs first, I know investment is important but cannot be forced.

therefore understanding and knowledge will be very important to do long term hold, not solely about emotions to succeed in doing this, because when we are well aware of what will happen of course with the knowledge possessed of course it will be very helpful for emotions itself

because of monthly needs that make us feel uneasy when holding, therefore we must use money that is completely free of monthly needs and it's good if we get monthly income so that hold can be carried out according to plan

well, from some of the points you said are pretty good and I agree. some of these points are good preparation before investing in the long run. I really like the 4th point, where there is about updating the portfolio. This is highly recommended for crypto investors, to always update your portfolio because not all coins that you invest always last a long time, only coins that have further price development, well-functioning products that are worth to investing.

Much here, from my point of view, depends on strategy. But as for me, the main point is in finding solutions that are having bright prospects and clear vision. Of course, all must start with practical value for users

You are absolutely correct, at least I am having similar thoughts. Anyway, it is not very simple to find solutions with strong tech side, innovative one, with value for users and more. Or you wanna say that you have many such?

Nooope, not many. I am having only 3 most advanced platforms I do find attractive and follow. But the most interesting one for me these days is Sapien Network? Have you heard of the guys already? They are very widely discussed these days and offering entirely new opportunities for everyone

Hmm, sounds very familiar, but cannot remember for sure... Isn't it a social network? Can you please provide more details?

Yeah, of course! Centralized platforms like Google and Facebook are known to take advantage of the data and information that they gather from users of their platforms. And Sapien is coming onto the market with completely different approach - user oriented one. As a social media platform, it encourages free speech and the creation and sharing of high-quality content while discouraging fake news in the process. But of course, I recommend you to have a look at their website to have a deeper understanding, cause pretty sure that you will be impressed :)

Oh wow, so far sounds so good, will definitely explore more right now and get back with own thoughts! Thank you very much for your recommendation

I think this listing should start from the last. The best way for long term hodl is staying updated a coin might upgrade its blockchain to own blockchain, it could be delisted from exchange, it could turn out to be a scam as well. The only way to boycott this is staying updated with information as regards such project.

Boycotting is a stupid idea. There will always be noobs who are ready to invest in such coins and tokens. When I was new to cryptocurrency (early 2017), I was tricked in to investing in a few shitcoins. I suffered some losses, but that experience taught me some valuable lessons. Regarding your post, I would say that rather than pushing with boycotts and all, it will be better if we let market to decide the fate of a particular shitcoin.

It is so simple, you just need to have patience and go to invest on top and trustworthy cryptocurrencies which can grow portfolio you have in your wallet.
Other than that nithin you need on preparing long term hold.

There is also one thing that you need to prepare if you are going to be on a long term hold for your cryptocurrencies and that is the wallet that you will be using to keep your cryptocurrencies. You should set a budget for buying a hardware wallet for your cryptocurrencies because without it, then your cryptocurrencies will be at risk from the cyber attacks. Invest in security.

If you have other sources of income, you can buy coins that you want you to hodl and not just coming from bounty campaign and airdrops, the top coins are must coins to hodl right now, I don't believe in new coins, it will take time before we can their potential

I think if i have extra income source then i can do long time investment with something fell free, because our money is very important. So all altcoins will not give you profits even you need extra income source then you can recover loss time.

if we have income for each month then to hold it is not difficult enough, just focusing on the coins invested and training mentally to be stronger and focus when holding it becomes important. things that can make you unfocused in holding must be fulfilled so you can focus holding

I will 100% agree with you, coins and hodling should be looked at as an investment. I now have a full time job, working with a blockchain and getmy salary paid to me in Bitcoin which at least means I have money to survive and plus some, then I look at growing my bags and doing extra Crypto work to build up my retirement portfolio and get back what I lost in the dump of early 2018, which I started to build from 0 anyway. Don't go into these so called crypto and bitcoin programs either, promising you a daily roi, and expect to live off that income, that is a big fail and that is something I want to add here also. Diversify also your portfolio, choose a few nice unicorns, that could 100 x and sit on them. Also if you can, do some trading, to grow your BTC stash and maybe store some USDT into NEXO, which gives you 8% annual APR interest as a hedge against the fluctuating prices of crypto. Look also for staking coins, or coins that have real use cases that give you a bonus or dividend. That could also grow int a nice income if you pick the right projects.

Investing in cryptocurrency is pretty much a gamble. But with these tips, I think the risks can be lessened though. Your #3 tips are actually one of the most important thing for me. Whenever people get into the crypto space as beginners, they always think about the money and most of them do not appreciate the technology behind it. Whenever I join a bounty, success comes from their problem solving ways. And devs know what they are doing.

The post is very informative, I like the last point which admonished us to be always up to date. This is one of the most salient requirement for maximum benefit in the cryptocurrency space. There's a popular saying that information is power. In this space, one needs to be available to take hold of opportunities. Due to the volatility and flexibility of the space, opportunities does not avail always.

Holding for the long term is only useful for projects with real utility. Do not invest blind and also a good tip would be to never invest when there is a quick bull rush that happens in a matter of minutes.

You will probably be holding a big bag of pumped coins for a long time.

You need to do good work to make long-term plans. The price of Bitcoin sometimes rises so much that it makes more sense to expect to sell. Because sometimes the price falls a lot and in this case people panic. And for those who are in a difficult situation like me, this is almost impossible. I always have to make a profit. Because I have to withdraw all the time.

I have nothing to say in it, this is the perfect ways to hold your altcoin in my vision. To hold coin for long time, either you should have another source of income or have to regular bounty hunting or trading. Some lazy investor don't interest to swap in new coin.

Most importantly, item 1. Do you want to make money from these markets? You must have another source of income. Do you have to constantly withdraw money from this market? Then you can't do hodl. Unfortunately, these are the realities of the market.

This is my first time of coming across this post and I think it's spot on. On the first point which says a holder must have another source of income is very accurate because a broke man or hungry person can't really hold because he will always sell too quick. Also, if you must hold altcoins, you must be updated OK every happenings on the altcoins because of the frequent swaps that usually happen nowadays. Else you may loose your coin

If you invest in exchange tokens like ecxx and bnb, you should be safe even in a bear market.

If when you enter the ATH price even for the next 5 years, not necessarily your portfolio can get results.
Patience alone is not enough skills and luck is also needed in order to achieve tangible benefits.

as you have explained above, I agree with the three points you said above. especially with fixed income sources and renewing your crypto investments. I mean, the market doesn't always guarantee profits for you every day, at least you have a steady income in the real world. to prepare for the long term.
Updating each crypto asset is indeed very important, because the price of crypto is very volatile and it is important for you to always update your crypto so that you don't lose the opportunity to sell.

I am not buying to this HODL long term anymore. Especially for Altcoins, I might consider hodling those coins that already have made their name but for new coins. I would try consider buying them but sell it when its peak and jump ship to another coins to earn another possible profits.

Still look for something that is worth to hold, there are coins/altcoins that dumped too but they are still continuing to develop, they don't just want to have a pump and dump scheme which is for most scam projects are doing, so avoid those kind of scenario as they are just manipulating the minds of people but in the end they will for sure dump it.

Well.. I would second that opinion. Fortunately for me, I sold 80% of the altcoins in my wallet during 2018. Back then, I was feeling nervous in doing so. Because a lot of guys here were predicting that the alts would recover their value in 2019. But that never happened and some of them even became completely worthless. Now my only regret is that I didn't sold the remaining 20% of the coins back in 2018.

Yeah having profitable coins in your portfolio is the most important thing. We should invest at low price coins but with high potential. Gradually coins will increase in price and it will give income. After investing we can hold our coin to wait for our luck but until our luck shines we must have some patience to hold but don’t sell it until it grows to make money for you.

I agree with your tips, but for me, i will just stick on bitcoin since it is the best digital currency and the most popular.
Surely for long term investment as technology rises the bitcoin will surely increase its market price in the future as it is implemented in a lot of people the more demand and the lower its supply the price of bitcoin is surely increasing. It should be a good investment as the community is getting bigger.

I agree not all altcoins for long-term hold. If I myself chose altcoins for long-term hold are like ETH, LTC, Dash, BNB, XLM, XRP and BCH. Because the altcoins are already proven active and ever in 10 top coinmarketcap.

if you also check the ATH price and compare of what pricr right now you will think twice before buying.  I mean that much lost will give you idea how risky it is to invest in any of it. Even one of the top 10 crypto.

good job man, I only use points one and three. because I don't want to panic too much. I only buy Bitcoin then withdraw my bitcoin and leave the market without updating price updates. because if I see that. I have a big panic. for fishing, I use the first point. ie make another income. I am a farmer. so don't think too much about market conditions. I only believe my crypto assets will support me in the future.

Preparing for long term hodl is never seems easy. You've to get pretty occupied with stuffs that won't make you to question your patience of the altcoin you have. Hodling token that has no value do cause alot of heart breaks. So get occupied with work and don't hope on crypto

Well you should really not plan on long term holding a new coin because it is way too risky specially when you really have zero knowledge about that coin but if you do follow that coin and its team before and after its release then you should have enough thoughts whether you will hold or not. Holding is fine its just you need to do those points that the OP gave us and when holding you should have lots of back up plan reserve incase something happens like when the coin doesnt seem to show some hope in increasing.

to be a good long-term holder, maybe we should be able to forget for a moment the investment we made in crypto or the type of potential coins we have by looking for other activities, especially activities that can make money. maybe this method is one of the effective methods to do, so that the investment we make can be a surprise later, even more so if the coins we hold can increase sharply in the future

it's so easy when you are only putting all of your money to the major crypto but the difficult thing is about how you can search the potential investment and this is what already searched by so many people these days. it's not an easy task when you are expecting a huge gains in long term holders. Patience doesn't matter a lot.

Preparation for long term hodl usually takes time and big funds you must have a decent income so you can allocate funds for coins that you are going to Hodl long term, in my case I allocate some of my earnings coming from bounty to buy coin that will likley pump high in the future.

Investment in altcoins and hold it for long term, this isn't another income source. Bounties is good earning source for hard worker. The new coins best for long hodl but not good profitable i think that. Very specific new coins are long liquidity i think you can buy those. I hodl BTC for long term specially.

You are right if someone think for holding for long term then they have to hold bitcoin as altcoins may or may not have chance to get faster than bitcoin in price increase. I have invested in a number of coins in which a number of them are not able to compete bitcoin in value but in the previous year only one coin of my portfolio increased much higher which gave me a good profit.

Indeed, you have to get a high amount of money to make a decent profit in a long term investment, that's the strategy thought. It always requires you to buy in the good timing, I mean the time when the coin's price is too low so you can earn a lot when there's a high pump  of price.

With such attitude regarding cryptocurrency, it is best for you to quit the market. Investing in cryptocurrency is now the only investment tool that can help an intelligent person who does not have millions of dollars - earn these millions. Of course, this will not be an easy job for him. Long-term holding and investment in quality projects is the way to achieve financial freedom.

Thank you for the advice. but I think it's better to hold a coin for a long time. because we can have great potential in making big profits. even before I had felt a big profit while holding coins too long, as soon as the price went up I immediately sold it. the profit I get is greater than the capital I spend when buying.

If you don't have another source of income than how you will survive in cryptocurrency world. After Bitcoin halving another source don't be needed, because price could be run of Bitcoin. My experience is also saying number 4 option, I missed huge profits because of stay update.

indeed at this time bitcoin is used as a long-term investment tool, and indeed we should have other fixed income so that we can continue to hold bitcoin. except if we do daily trading, of course this can meet daily needs, as long as they have skills

Good tips. I also think something is missing here. I suppose if anyone is hodling a coin, it shouldn't be on exchange at all. People gotta be safe this year by moving their tokens and coins to a wallet they owns the key. Atomic wallet is one good example of such. Can get it on atomicwallet.io . Also, You want to check if the team is active before you hodl a coin for long.

Let me also emphasize more on point number 4, "stay updated always" this should be taken seriously especially when you plan on hold a coin/token for a long time, i have seen cases where investors hodl a token when it was an erc20 till even when the token has done 2 swap to coin they are not aware, only to come back after a year to ask how they can swap their erc20 to coin, this is because they fail to follow update of the project and they ended up missing out,
to hodl for long term is oe thing, to follow up with update is another, people should take note of this.

I do not have time for long term HODL anyway unless stated otherwise, maybe token dumped on me and it's worthless or team have any future project development aside these factors I do not hold and to hold should be solely on team genuineness and transparency.

This post is quite informative. We really need to take heed before embarking on a long term hodl. One of the most important aspect is being updated on the happening with the project one hold. It's very appalling to find out that the token you hold has been swapped and what you have in your wallet is useless.

Of all that you explained clearly, of course, I agree on point 4, when we are holding the coin, of course we should not just keep it in the wallet and not follow the developments, because there are many cases of altcoin that experience swap tokens and so on if we miss the moment. of course we can lose the token.

And we also have to keep monitoring the price because if we pass the price so that we don't lag behind the highest price moment on the coins we hold.

the only coins worthy of long-term hold are top coins and not tokens or newly released coins with projects that have not been proven to have real products, the market is currently getting a slow pump but it is like a guarantee when we hold the top coins because of growth faster when positive trends happen

totally...
i'd add some stuff about securing your coins and it'd be a perfect post to pin for new comers
people got to have clear instructions and explanations to feel safe and invest in crypto

I agree. We must not just rely or primarily depend into the income that we can acquire with cryptocurrency related works. We must still have another source of income which will be mainly our source while we are still waiting for the price to rise so that we can gain profit from it. Specially now that the market is still down which means almost all or let us just say that all cryptocurrency prices are that low to sell. In order for us to hold for a long period of time,  we must obtain another job to work with whle staying or keeping yourself updated on the price chart of those crypto coins you have in your wallet in which you must have already sort out potential coins that are worthy for long term holding. Also, we need patience, faith and strong mind to make good decisions not to be tempted to sell our assets. Just keep on holding and surely, in no time we will all be rewarded for the patience we exert for holding.

It looks as if we are in for another bull run, with the Bitcoin exchange rates increasing by around 10% during the last two weeks. But the big question is whether the altcoins will be witnessing a similar price movement or not. For now, the Bitcoin dominance is somewhat stable, hovering around the 68-69 percent mark. In case a bull run occurs anytime now, then we can expect this dominance to grow to somewhere between 75% and 80%.

It can be a wrong choice holding for long term sometimes, before you make up your mind to hold a coin do long term make sure the transparency of the team is like no other, make sure the project roadmap consist of long term developments

Actually reading the news about that coin is gonna help you to decide whether you gonna hold it or sell it. Reading or watching news will for surely gonna help you out. Also, analyzing the market trend is gonna be a big factor. Try to study the market trend also for you to be able to understand the movement of the coin that you are holding.

In my opinion, it is unnecessary to look for the news if you are going to do long term holding because the news now will not dictate the future value of a cryptocurrency because it is just a temporary noise. Looking at the technical data from the chart is more helpful because like you said, you will be seeing the current trend and you will have an idea if it is still good to enter the market.

I Agreed, As holding crypto Alt for long term is risk all the time,need more patient, and aslo think positive, target one year or two year or more, before buy and hold you need more advice, and care full.

The technical analysis of coins only works if you want to trade. making a profit on day trading using technical analysis is very good, but if you want to use technical analysis to see the future of a coin in 2-3 years, it is better to forget about this idea. for such a long time, technical analysis does not work in the cryptocurrency market

We need to go a long way from accumulating and tracking the market, to full readiness for profit taking.
In this case, it is best to pre-calculate the mark at which it will be comfortable for you to close most of the transaction,
and you can risk the rest, preferably not so much that would be offensive later.

Holding for one year or two years or more rarely works for most altcoins to be candid. This is why it's important to be extremely convinced on reasons why you hold a coin for long term before doing so, to avoid regrets. Normally I trade altcoins, hold a few {three max} and hold more of BTC for long term.

Its a good piece but might need to update information as the space improves. How did we get the weak hands in hodl?and why do they shake off after a while or forced to sell the hodl in the market, maybe they didnt prepare enough for the long hodl. Demand came for the use of the fund. Most profit in the bull are kept as fiat and spread to take care of immediate bill while they hodl in the market for the long period. Most plans are between 4-5 years.

good advice. Option 1 is the most difficult to avoid. Many of us sell assets because of sudden needs. I have done it. Selling assets when important. In fact, a few weeks later, the price went up.

The points highlighted are very important. First, having a separate income, it was the first mistake I made. I put all my income in crypto and wanted to hold but it backfired. Staying updated I every important because a news about the coin you're doing can affect it positively or negatively.

Apart form all those advices, always prepared for the worst, maybe? I mean, you need to mentally prepared for any outcome in the next few years, some hodlers just leave their coins to hodl for a few years without checking the news or the price from time to time, to keep them updated. Which is why, even with all of your research, there might be something that doesn't go as planned. When that happens, well, we never know what the future holds.

I agree with the idea that if you decide to hold a coin always monitor the project. Because it is true that at some point the team decides to change the token to burn it and if you do not follow the swap to the other coin you can lose your investment. Once that event happened to me. Lost sight of a token, the token was burned and I had no chance to change it in time.
Now I am more attentive to the progress of the projects and I hope to see the highest price of the token to see the ROI of my investment: Buy, sell and save.

all number on above its very important not only number two. when we are investing then we have not source income we can not life, and update about the event that we hold is important thing because it can make maximum to get profit
my additional is count about your profit in future its important because the purpose of investing for get profit

I have couple of token I bought for long term investment, how I do my own is that I buy them gradually I don't like buying all at once, then I stop buying the moment I see moon.

I totally agree with you that not altcoins are for long term Hodl and bitcoin and some other top coins are only to be used for long time hodl, you also have to stay updated and keep checking on your investment because nothing is actually promised and you have to keep track of your investment

indeed, holding for the long term cannot be arbitrary and must have good consideration and calculation, because when we decide to hold long-term at least there will be money spent and we must be prepared for it all. the way given in the op is indeed a good consideration because we have to consider many factors about the income and expenditure that we will do

When the strategy is for long-term holding, it's always safe to go with low-price assets that have a good volume of trading and a large number of exchanges. Long-term retention always requires continuous observation of changes that occur over time. Better benefit can only be gained through that. We should always bear in mind when we go for long-term holding to cash out benefit at the right time. The remainder of the long-term holding will be set on the basis of price and time. If the price reaches big, we need to be ready to take the profit and spend again before the expected time period.

I was paid in ETH for several years while freelancing for some projects, and still hold my funds in my Freewallet account.

When you are in the game for long term holding, you can just ignore the market for a certain amount of time and just go back after that period. You do not need to monitor all of the changes in the market just to see if your investment is doing good because before you invest any of your money, you should have done a ton of research to justify your bias.

Best way to HODL is buying in cheap and wait until it goes up it's value since if you can buy back once it goes down then it is good deal. But it will really depend on what you are buying if its BTC then it is good for long term but if its an altcoin then you may need to be aware that it could take months before the value it pump up even those top ranked altcoins we cannot make sure if the value will rise up.

That's why we need to make a research and analyzing and making prediction could help you be positive and not affect for those FOMOs and FUDs circulating in social media and forums.

Especially in Bitcoin, we know how it is worth to invest on it and hold for long term, so we should just simply hold it when we do have spare money to buy and then wait for years or even do a short term trading, if you know how to make strategy on it, you will always benefited thru the pump and dump of it.

Very few people are going to be effective holders precisely because of this, they let themselves be dominated by FOMO or FUD, and instead of holding their coins as they should they begin to sell them in the case of FUD or they buy them in the case of FOMO and then they wonder why they do not seem to make any money in the markets, if you are going to be a long term holder then you need to keep your coins no matter what happens and until you can do that then you will never obtain any profits as a long term holder.

For long term hodl we just can't put all of our investment into one or more cryptos and after that we sit back and relax.
NO !
This is not how long term hodl works and this is not the right strategy all the time. Long term hodl is we have to make a portfolio of currencies mostly based on bluechip currencies and invest the major portion of savings in them like ( e.g 60% to 70%) and then use the other portion of investment to invest for short term profits like daily trades of small profits buy and selling, buying low selling high and repeat. This is how I prepare myself for long term hodl.

I totally agree with you. The theory is easy, but when we practice it becomes very difficult. He makes a very smart and reasonable investment advice, but given the current market situation, it's hard to apply it.
And the simplest way to invest in long-term is to not be afraid of losing, choosing the top altcoins in this market and buying it.

When holding an altcoin for long term, staying updated with the project's progress and updates is very vital. A friend lost a whooping sum because he was holding a coin for very long term but didn't follow up regularly, when they did a swap, he missed the deadline and only got to know when he tried sending the coin to exchange. There is no remedy till date about that, so closely follow up on every coin you hold, it's very essential.

to hold assets in the long run especially for altcoin from new projects we have to keep abreast of updates made by the project. usually from the group channel, we can get it. when we don't pay attention to it we can lose money and get a chance to get money. we need to be more careful about long-term altcoin, even though it's the top asset on the market.

I agree with you. HODL is easily said than done. It is a really ahrd journey and if you don't really know that system, it will hit you very hard when an opportunity was missed. Every decision counts. TS done a good job on the theory side as well as #3 which really focus on good coins. I hope there is still a balance on the market, not all should choose to hold.

Hodling a developing project will eventually always pay...

Hmmm, it's really not good to hold coins for long I must say, with the way crypto is today and the way market is globally no amount of strategy could make one trust a coin won't dump on the long run even exchange coins can't be trusted I must say. I am not an advocate if long term holding though

I think I mostly cherish the stay updated regularly. That's the life line. Whether you invest in a good or bad project, you need updated quality information about them so you can always review your interest and make new decisions.

Holding for the long term is good but it is really important that before choosing which tokens or coin to hold for the long-term you have to do a good due diligence research on the particular crypto you want to hold.
I'm my opinion I think the success of a project majorly depends on the caliber of the team and it's visioneers.
So when you find out about the activities of the leaders you can understand where the project will be headed to which will give you good insight on whether or not to Hodl for the long term

On preparing a long term hodling you need to be able to always updated on the crypto news and the news and updates from the token or coins that you are holding
so that you will be able to have knowledge on what is happening on the token or coin that you are holding right now.
This are the tips that I can give you as of now and lastly you need to be not panic on times that the token or coin that you are holding will dump because it is normal
due to the volatile of the crypto.

This is very true, having funds, savings, or extra income while you're holding is needed, why? well because that would prevent you from selling the tokens you're holding in case you run out of funds, what I mentioned above will save your profits in the long run, therefore holding is a serious matter that needs a great decision making, if not, you'll just waste your funds and effort of waiting to nothing.

Agree, by having money used for living expenses, I think we will be calmer when we decide to invest in the long term. Never use bank loan money because cryptocurrency price movements are very volatile and this will make us uneasy and in a hurry in deciding to sell

When doing some long term hold you need to strengthen your emotional capability that can ease the time you will spending in waiting for the next bull run. Like this year it is very frustrating and it is very hard to hold when we need to sell it. But do not invest what we are afford to lose. It can vanish also, so better to choose a good coin.

Set a baseline of what price you willing to sell, at what % of your total hodl. That it and never thought about sold it below that price.

If you are not ready for the roller coaster ride here in crypto and you are worried about what's gonna happen with your portfolio, I think you need to assess your situation. Because if what you invested is like the money of your savings account, then, you should really evaluate your situation if you can cope up with long term hodl without assurance of what's gonna happen. It is really better to invest in crypto the money what you can afford to lose so you are not agitated 24/7, looking every movement, can't eat, can't sleep...it will exhaust you mentally, emotionally, financially and maybe spiritually.

In my opinion, if you want to hold for long term, you need to have a clear goal and a stable mentality. The current market is not stable and the price may collapse anytime soon, and you need to be mentally stable so as not to panic sell during this period.

One of the formulas which I also apply is that I have my buy and sell target set in and accordingly I take decision and o not become over greedy when the price sets in and accordingly I buy/sell also little market situation need to be aware along with this things. This will help you overall as you would always be buying/selling at your own rates and not be depending on others and will also learn many things through your own research.

Indeed its a must to have a plan and set target price on when you're going to sell so you know when to exit. To prevent ourselves selling at the wrong time we should only invest the money that is not meant for other important things. Hence if the market turns bearish you're not going to panic because you can afford to lose the money you invest. Buy coins that has potential particularly btc because its safe to hold even for long period.

After long time I'm seeing that opportunity never stay for long time. So after bought any coin, you should stay update in telegram group and notification on. You could turn on CMC app notification of your favorite coin. Although first one is my favorite another source of income. You couldn't hold it for long time until you have another source of income.

Preparing for hold longterm is need a lot of patience because it is not easy like for the holding their coins for few years .
They just need to use the money who are extra you have point on that because many people are using their all money and once they need to buy for their needs they sell what they bought even they lose more money so once you have plan to hold the coin for longterm you just need be commitment to your plan to get a huge profit.

   Good wallet, some money for investments, turn of the wallet, have a lot of patience and it's all what you
need. In case you plan to invest more, which is a good thing, and it's what I do, when you have money to
invest do that, whenever you can add more coins to your wallet!
   Don't sell at top, try to buy when it's at bottom, we are not traders, we are holders. We wait much higher
top to sell, but every dip can be a good opportunity for adding more coins.

some good suggestions mentioned here i think in case of wallets and especially if you are looking to hodl for long term then paper based wallets are good choice. Also always keep a backup at a separate location and try to password protect or encrypt the storage where you save your wallets.

Stay holding because if you haven't other skills like trading mining, if you want long time holding then no need worry next news because this time more cheap price every coins. So do like best coin and take hold long-time hopefully you will makes good profitable.

I like point 1, that for long-term hold, of course we need to have another income to meet the needs, and if we don't have income and are cornered by the need, of course we will think of selling.

It is very heavy if you want a long-term investment because the risk of price drops suddenly can happen at any time, and also do not be too greedy maybe if it is enough (within 2-3 years) to get a large profit then it is better to sell immediately. And also maybe FUD is very influential in this regard, it's better to avoid it and believe if the invested project will bring profit.

Holding a coin for a long time to get a profit is much easier than trading. Trading takes a very long time, and in addition can lead to nervous breakdowns. But in order to hold the coin for a long time, you will need another source of income that will allow you to address your weekly needs.

You can make those so called paper wallets by engraving steel plates which makes them almost indestructible. I wouldn't go that far though.

There are far easier and still very safe ways to store your coins like using 2 different offline hard drives or a hardware wallet and an sd card. Chances that both of them get destroyed at the same time are pretty low.

The most important in my opinion is your mindset.

I totally agree with all the statements you made and for number 2 I just add that everyone is more careful in choosing altcoin because most altcoins only have crap which will then die in the future

What you're saying is true, the best coin to hold at the moment are those coin with real use cases and with big supportive community, i invested in one of the best blockchain project in space the https://ilcoincrypto.com/ which i can say is one of the best altcoin to hold for long.

Staying updated always is the main hodl strategy. Many projects have migrated to its own blockchain of recent and some persons have been left behind during these migration. If you want a long term hodl, hold few tokens you can always monitor their development progress.

You are correct because I have experience this kind of scenario where I was left behind on the update and I lose the value of my token as there was a deadline, so I learn a lesson from that on not holding a lot of coins/tokens.

I do hold major coins like Bitcoin, ETH, and BNB because these are the coins I believe will dominate in the future.
And it's easy to update on these three as they are popular, lots of article will show when there is a changes or an update.

It's very important to select the right altcoins to hold for long term in the market and not all can survive for huge drop of bitcoin. It's difficult to hold altcoins for long term and sometimes it will test you if you're going to sell it or not so in order to support and not be able to sell you're coins, you need a consistent income to support it. I'm holding altcoins that are platform connected or have a crypto exchange, I believe that it will be safer to hold rather than other platform in the market.

You have a good point . All we know that long term hold is risky so we should be knowledgable and think well the kinds of coin that we will hold because there are lot of coins that are easy to die so be carefull. We need also an extra income because our coin or capital will be like an sleeping giant it will be like your time deposit that you want for the right time to encash. And the most important thing is to be updated because all we know that the crypto price is move quickly so we need to monitor it to know when to sell your coin.

In my opinion, we should choose the best altcoins in this market for long-term investment. It is the most important job in investing, and if you choose the bullshit projects to invest, I believe you will quickly lose and collapse in this market.

I agree with you. Research and patience is must needed for hold or investment. All of Alts coin are not perfect for long term holding.so need deep research where investor/holder wants to invest /hold his Money.

In any case, you need to adjust your portfolio based on the results of a cryptocurrency market research.  But it is best to invest in those cryptocurrencies that do not raise doubts about their future prospects.  Undoubtedly, Bitcoin and Ethereum are leaders among the most sought-after assets for investments, But if you make a choice in favor of other altcoin, then I would prefer to choose only those coins in which societies will be interested and which will be really used by certain companies, resources and people.  One way or another, the strategy for the long-term storage of their assets applies to all cryptocurrencies.

Agree.. especially if you want to hold altcoin from new project do not miss any update from the project. But, i suggest hold only major altcoin. i'm holding only from top 25 in CoinmarketCap.

Only long-term investments should be made for the top altcoins in this market. If you hold a new altcoin in this market, it is suicide. A lot of altcoins have collapsed in this market and I know a lot of people are losing money trying to invest in them. The price of those altcoins has dropped 50-100 times in just a few months or a year, it's really scary to invest in new altcoins.

Hodling a new project will be difficult because even you are updated or you don't miss any updates from the project, you are still not sure if the coin that you are holding will have a good value in the future or it is legitimate, that is why if you want to hold a good altcoin you better choose from top altcoins because for sure it has a potential to have a good value in the future.

Depending on the types of altcoins we hold. If we hold altcoins in the top 10 coinmarketcap, I think we do not need to worry too much, in the long run its price will certainly go up because these are the leading altcoins in this market. But if we hold altcoins outside of the top 10, I'm not sure what their future is because in the past 2 years I've seen so many bullshit altcoins die and become a scam.

Hold all the coins with a good product and a trusted team. Their time will come...

agree, first thing is usability, since it is needed for a project to solve one or two issues that are bothering people to be successful, but also project need to have good team, that will do development and find investors, for all that good plan is essential and that plan and roadmap shall be followed as much as possible, for a project to be successful, if the development is slow, then other projects will push that one in background with faster development

As long as you've done proper research and you really trusting the project developers, those top alts from CMC have a higher chance to bring profits once bitcoin start to pumped high, based from all those past market movements, alts who are listed from top 10-20 spot also rallies up whenever bitcoin gained strength, most of those projects are tailing bitcoin so make sure if you are planning to invest for long term holds to have targets and keep your goals in place.

I totally agree with the explanation that you say, because to do long-term hold we do have to prepare well, and the points that number four that we always have to note because if not do update then all the coins that we hold will disappear, then at any time we have to abdate the latest info about crypto so we are always safe.

Yes, that's what holders need. especially big capital. The majority of holdings fail because the holder does not have enough capital to cover the cost of living. That led to frustration and not wanting to hold anymore.
Therefore, before holding, we need to have a large capital and thoroughly research the business to always have a great faith in it. That's the secret I learned from Warren Buffett.

The best long-term investment strategy is understanding the investment cycle.

Short-term gains help you realize your long-term goals.

Stay focused on our mission, value propositions and brand.

Keep your growth fun.

Test out new ideas, learn from your peers and new experiences.

Be open-minded and have fun while learning new things.

Accomplish your own goals, it's as simple as that.

We must prepare with some instances that will affected us along the way like we must sell our holding in order us to buy our necessities. Sometimes real life situation will give us reason to sell it not the current market situation. The list is very useful for long term investment and I totally agree with it. Some projects are not really connected in real use and those projects are easily to failed. Projects without any updates for their products will not trust by the investors and they will sell it quickly.

I believe i have an addition.
after selecting altcoin projects with a reak use case, there is a need to evaluate the tendencies of the use case being a success.

You need to dyor and figure out if it is going to be achieved or its just remain an audio juse case that will never be launched.

I am agree with first point. If i have another source of income other than crypto, it is only then possible to hold long term. Maximum coins are worthless for longterm. Only real and top coins are long term worthy. Staying always updated is a good way for trade either short term or long term trade or hold.

This is good, and I wish to say something on point  2; point 2 is the truth as well because most new altcoins which are based on another blockchain most of the times swaps to another blockchain or to their own blockchain. This shows that those holding and weren't aware of swapping will only end up lossing their tokens. Also, point 3 is true, most projects today don't have any use case and holding them will only result in terrible losses. Therefore, it is wise to be able to study the blockchain space so as to carefully pinpoint projects with good use cases.

Please define "long term HODL". When you talk about "long term", how many years do you have in your mind? I am sure that none of the users would be keeping their coins for eternity. At some point of time, all of us will be converting our coins and tokens to fiat cash, or Bitcoin. So please specify the threshold, which would qualify for "long term" in your opinion.

right on. the perfect coin to hodl are we speak are the coins with real use cases and technological development that can help the ecosystem for the long term. ilcoin is one of them and i suggest that you check it out too.

I'd advise to never buy new coins the day they are released into the market because not all new coins survive this days, many new altcoins have rubbish use cases that aren't needed, if you want to hold new altcoins wait and see how they perform first

I agree with you that in order to have a long-term hold, we need to have another source of income. Because many events will happen and if we have no other source of income then we have to sell our altcoin even though the price is falling. In addition, choosing an altcoin for long-term hold is also important. If we choose shitcoin and hold, I believe we will fail and lose all our investments

I totally agree with this two options. Choose some good altcoins which has a lot of upcoming event for the future. Also, always stay updated with the news, read some articles, channels, etc. You can also hook up at coin market calendar.

I totally agree with your opinion, we need to do research before deciding to hold altcoins. Only hold the top altcoins in this market and those altcoins must have products. In addition, we should monitor them regularly because altcoins can die at any time

This is true, Some of these I din't follow which resulted me almost liquidating my wallet. It's important to pick the right coin to HODL. Not all coins are the same, Knowing the coin's worth and their future goals will increase your chance of profiting on the coin. So just be aware on the coins you should hold and not.

Very good article for those who want to hold their Wealth like ETH, BTC or any other altcoin. Specially update is very important that maximum time we did not. If anybody hold a token he must check that token management telegram or website always and at the same time the exchanger in which its trading. Because sometimes tokens delisted from exchanger as their contract. So be careful everybody.

thanks.