Bitcoin Forum

Is it true that its wrong to hold coins for many years and never look back? Someone said coins can die in just two years, they can also lose demand and hype under a year, so how do one hold with zero worries?.

What "coin" are you talking about?

When investing, you need to do your own research on what you plan to buy, this involved knowing how it works and how to secure it.
Long-term investment involves holding for a couple of years or much longer, but this would only apply to assets which have actual value and which would be able to hold that value.

Majority of coins in the crypto market now do not have actual value and would be valueless in two years or less, but some have held their value for 10+ years and is still growing.

• Do your research,
• Buy, (You can DCA)
• Store in a secure wallet
• Back up your seed phrase,
• Hodl.

The short history of crypto coins has shown that:
* many altcoins lost most of value or disappeared within 2-4 years
* Bitcoin investments use to need at least 3 years of holding to make sure you're on actual profit.

So, if you ask about apples and oranges without specifying more, you may get a salad, but no proper answers.
And strongly consider the checklist from the previous post if you start investing.

Understand the risk and invest only what can afford to lose, this will erase any possible worries of losing the coin to devaluation someday, have a monitoring app so that if any pump happens you will take profit, don't lock away and miss any future ATH.

It is true to some altcoins, but not true to some coins (high marketcap coins). Like bitcoin, there is nothing bad to hold it for at least 4 years, hold it for 10 years or for life time, it's value is increasing. Some people are now having some of their retirement savings in bitcoin because they know how valuable it is.

It will be good to know that dealing with altcoins is like gambling.

Depends on which 'coin' you are going to hold long term.

If this is what we call a shitcoin or meme coin, then chances are this are going to die because they are just pure hype. And because they don't have a use case, they will be just used for pure pump&dump.

But if you invest on solid coins like Bitcoin, there is a big possibility that it can multiple if you are going to hold them for at least a year or two or wait till the next bull run.

You shouldn't even bag hold altcoins for 2 hours let alone 2 years. They all dump sooner or later because of a wide range of reasons but mainly uselessness. Even the biggest and most popular shitcoins such as ETH has been dumping against bitcoin for years. The only reason why they have some $$ gains is because bitcoin price went up.

Why it had been wrong? I've seen the latest news about a wallet that has mined 50 bitcoins for one of the very first blocks. So is it wrong if somebody does that? Well, it's millions worth now.

It can die if you have held the wrong crypto.

That's the essence of that opinion if it's about holding. You have to choose the best cryptos so that your holding would make sense.

The volatility on altcoins is surely much greater on Bitcoin that doesn’t they are useless. Actually they are the most useful blockchain in crypto because of its dapps. Don’t get me wrong, I love holding Bitcoins and Bitcoin has the huge percentage in my portfolio but I earn most of my profit  on this recent bullrun after 2 to 3 years of holding on blockchain project such as Ethereum, BSC and Matic. They are now have thousands of dapps that contributing huge volume in crypto market and innovates the use of blockchain in our daily lives.

When you make your research and invest in the right coins  that has a standard global Crypto market cap such as
 Bitcoin,
Etherume,
BNB,
Tether
ADA
XRP
Solana
Litecoin and so on
Then you have zero worries. Especially when you invest in BTC you have nothing to worry about.

The thing is when altcoins reach a new ATH they will retraced a new ATL as well that's why you need to monitor the market, at least monitor BTC, assuming BTC hit 50,000$ go straight to your wallet and check your holdings, Altcoins always do so well when BTC is pumping, to avoid missing selling at ATH is why that person warned you.

You can see there are thousands of coins listed on coinmarketcap  (https://coinmarketcap.com/coins/views/all/) so what specific coin you plan to hold on for years needs to be clarified before giving any suggestions to you.

But there is simple mechanism of holding bitcoin and altcoins as there are two categories only so if you are into first category then surely you could hold btc for years without having fear and become dormant for years in order to gain higher profits.You must have heard about people gaining good amount of profits within 2-3 years of patience holding.You can check the history charts and will find out if you have invested few years back then you would be having good amounts.

For example if you take into consideration investing in bitcoin back in 2017-2018 period when it was around $19600 and at today's level we are at $45k down from $68k ATH but still you would be in profit.So you see the clear and broader picture of long term bitcoin holding.

But if you're planning to have your bag filled with some altcoins as most of them are shitcoins then the suggestions on my personal experience are leave them or don't go long term on them as it won't be beneficial at all.You can get idea from the picture that top-10 coins on CMC has been shifting but btc always remain the king with high volatility also.Most of them are pumped and then dumped by whales because they have no real utility so what's the purpose of holding coins like doge or Shiba? Musk will take them to the moon is old rumours and not going to happen so don't trust these coins at all.

The people invest in them under some influence while seeing them rise for some time without going in detail that these coins have no utility so what's going to derive their value in future but later on most of the people loose funds and only the whales and shitcoin masters make the actual profits.Have seen people making lame excuses that btc is expensive and they can't invest in it as if stacking sats is not at all possible.We can give them advice rest all is dependent on their personal viewpoint and how deeply they understand bitcoin.

Do you really need to ask such advice if you're actually confident with your holdings? Because if you're having doubts and you're being restless — then you're probably over-invested, regardless if it's bitcoin, a great stock, or whatever shitcoin.

Someone said? sounds like a case of someone sharing their personal experience, the person who said it should have been a little more specific with the kind of coins he meant, bitcoins or altcoins. The statement is both false and correct at the same time. False that if you hodl bitcoins, it's demand may reduce particularly, True that if you hodl altcoins, it's demand may reduce as well and you may run at a loss. You need knowledge to make profits from hodling Altcoins, if you hodl blindly, you stand a higher chance loosing.

Hodl Bitcoins and set targets so you don't get distracted by any news.

Buy bitcoin and leave it for years and you'll have no worry with it. That's the best option that you can do to have worry-free with holding. I've been holding for a few years and that didn't leave me any worry at all. Being knowledgeable with the crypto you hold will reduce the worry you have if you're for holding.
This isn't the game for those who have been overthinkers and have to think at most times with their holdings. Just leave it there for good and it will eventually grow over the years.

To hodle with zero worries or in peace you need invest in quality projects, that will stand the test of time, in areas of security, problem solving , future growth , deflationary and store of value.
Another way is by taking out profits or your intial investment capital when you realize growths and gains or when your portfolios gets doubled in price, this will mostly give you a peace of mind your looking for.

It depends if the coin is a shitcoin then it is wrong to hold it for a very longtime , that is why it is so important to make proper research when investing to be sure how reliable a coin is. Their is nothing wrong to hold coin like bitcoin for a very long time because it is most reliable cryptocurrency to hold.  Before planning to buy a coin it is necessary to ask some questions and make research if the coin is what investing on and if it reliable.

We have many investors in crypto circle and are doing pretty good, the first question to ask is what coin do you want to invest in, this is the major determinant of how effective is the result you're going to get at the end, we have many coins which are regarded as shitcoins because their project is unrealistic.

That's why you see people investing on coins that have good reputation base on their past projects and the developers behinds it also matters, we all know that bitcoin is of no doubt worth investing on as it is not just a project anymore but a successful digital currency, we have Ethereum which is the second, among others, but your success is now a determinant of how effective your research is about other coins altcoins. Why they said some coins die after a year is as a result of failed projects, scammers, and the real intent of the developer of the coins (shitcoins). The level of your research before investing on a project is very important and this makes alot of people fall into the trap of fake and unrealistic projects due to lack of knowledge.

For you to avoid getting worries about your bought coins better delete all the price tracker you have, stop visiting cmc to check the price regularly and create separate wallet for your hodl coin so that you will forget about your holdings if you aim those for long term. But make sure save your private key offline or write it up on your notebook so that by the time you want to see how those coins go in future you can still open and easily dispose if the price pump.

What can guarantee the future in our time? I think absolutely nothing. This is not only the storage of coins, these are generally any plans. But when it comes to cryptocurrencies, if you have a weak mind that makes you worry about any market change, start with bitcoin.
Just ask how many cases there were when people who invested in bitcoin received big pluses after a few years. Stick with it for five years, and of course do auto-training, constantly repeating to yourself that everything will be fine. :D

So how will this holder know when crypto is already pumping? Imagine buying a token for 1$ each and a new ATH of 100$ happens but you don't know then a few days later the price goes down to 50$ and a few weeks later its back to 2.5$, its better to track 🐾  your portfolio.

it depends on the coin one is holding. investment and bitcoin and etherum are coin that could be hold for a longer while and their interest level grow, there are some coin that cant be held for more than a year or two. these are just hype coin. some of these project don't last, that's why its encourage to research before investing. there some investment that shouldn't be held for a longer while, these are the shitcoin.

If its not bitcoin, then you should not hold it for quite long years, but always take time to sell some of them and buy another coins again when their prices are low. However, when it comes to bitcoin, people often say that its the most valuable asset in the market and its value always appreciates in time, the reason why majority hold it for long term and never be bothered by market changes.

If you are planning on HODLing, at least invest in a coin that is stable enough for its price to hold in the market (e.g. BTC, ethereum, XRP, etc.). In addition, to the people who say that they invest without looking back, that is definitely some bad advice there. Regardless if you are HODLing for short or long-term, you must create a plan on when you should cashout. This should always depend on the % of profit you are comfortably selling.

Let us say that you purchased BTC at this current price (e.g. $30,000), then you could sell those coins once its price doubled on the market. It does not necessarily have to be a solid two (2) years, but it must be align with your goals on why you invested in the first place.

I'm surprised you're included XRP as stable enough coin, did you forget XRP got lawsuit and few big exchanges already delisted XRP on previous year? [1] Literally XRP is centralized coin and doesn't deserve to listed on top 10 crypto.

Most of altcoins will become deadcoins aka worthless, you can't do anything since the exchanges didn't list those deadcoins anymore and no one will interested to buy your coins in Dapps or P2P. But Bitcoin is the only exception coin that high likely wouldn't become deadcoin due to it's security and decentralization as the main purpose of Bitcoin.

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[1] https://www.bnnbloomberg.ca/cryptocurrency-xrp-is-in-free-fall-with-exchanges-delisting-coin-1.1542141

I agree with you, their are some coins it's better you hold them for a longer period because the longer you hold the more your profit increase like bitcoin, if you are holding bitcon. You can hold as long as you want without panicking because bitcon won't die and your money will continue increasing. Currently most of the coins in the market are just hyped coins after few moment they endup die or end up dumping gradually, I believe coins like that are not suppose to stay long in your wallet.

It depends on the coin but not with bitcoin, no one has complained anything wrong hodling bitcoin.  Coins that may be risky to for long term are that does not have good value in the market.

If this is what you want to do:
Just HOLD BITCOIN, not altcoins.
Holding altcoins is very risky, as we see from the LUNA experience. Although this is a top altcoin in fact this cannot guarantee that top altcoin will be bright in the future. In fact, this is likely dying.
Moreover if you are holding new altcoins, you may see zero value in the future  ;D

Stick to Bitcoin (or may be ethereum) and dca to hold without worries.

See my suggestions for you to hold with zero worries;

• Buy and Hold with money you wouldn't need in a short term: If you want to hold with zero worries, ensure you buy with somewhat a spare money. Don't use money for your house rent in few months to hold. It will make you panic if the market crashes few weeks to your rent expiration
• Do not buy in a bull market: Timing is of essence for long term holders. A day trader can enter a market at ATH, hoping to exit the market any moment he makes profits. But a long time hodler who bought bitcoin at $60k cannot leave without worries till whenever btc will touch ATH again.
• Be mindful of the coin you buy for long term purpose: Avoid coins which do not have real time utility values. Apart from bitcoin which has proven to be outstanding, atleast in fee years from now coin like Ethereum, bnb will still be in existence because they have utility value. Try as much as you can to avoid meme coins for long term investment.

Keep Bitcoin alone...then you can sleep well.

I'm not sure about "in 2 years", well, of course, shitcoins and those who are in hypes projects will even die earlier than 2 years. But if you invest in projects that have been known for their sustainability and well-established, we surely can breathe easily and feel calm despite the market corrections.

Just a piece of advice OP,
  * don't check often check the market and your investment, as this will hurt you some time that leads to increased the level of your negativity.

Every investment has a plan, no investor throws his asset lavishly on a project and fail to revisit it to check the outcome after a period of time. If you take shitcoin for example after investment it is wiser to have a time frame and expected ROI and once you get the expected you take your profit and wait for a new project to invest in. There are so many pump and dump project so if you can make a good analysis on them and have a period of taking off your profit you might not experience much crash

If it's altcoin then if may be one of those altcoins which its value have decrease and soon will disappear in crypto space but if its an altcoin that still show growth even after 2 years then you did your research. Since its a coin as you have said then it won't disappear but its price may decrease and increase at any time given. Why did I say many altcoins may or may not disappear because many of those shitcoins are an altcoin. It's not bad to check your hodl funds once a while.

Which coin are you talking about?There are many coins that you can keep for many years to get good profit.Again there are some coins that go away after 2_4 years of hope.So if you want to keep a coin for many years then you need to know well about that coin and then keep it.

If your plan is to buy a cryptocurrency and hold it for very long time then there are two advices I can give you: the first is to invest only what you can afford to lose and this way even if the price of the coin you bought crashes significantly or even if it's completely dead then this shouldn't affect you financially.
The second is to buy only one of the most popular cryptocurrencies (I can recommend only bitcoin) that managed to survive for years, so it's unlikely they will disappear any time soon.

Don't believe that person, he/she wants to poison your mind and think negatively.
Well, I agree that some coins die because of their reputation and lack of investor support, not because they already existed for 2 years. I don't see any reason for that assumption.

In order to have peace of your mind, stay away from shitcoins, focus on the top coins, and most of all, stay away from that person who always say negative.

You can hold in peace and never look back but then again it depends on what coin you are holding.
The only coin I would say which you need not look back ever again is bitcoin.
All the other coins definitely requires a look back and you have to stay updated at frequent intervals to know if you are good to continue holding the coins.
Yes, there are coins which have died in 2 years but then again as I said it depends on the coin.

Basically the person is very confident that Bitcoin will have much higher in the future so then there are no or very less worry felt for holding it.
Or, maybe he do not care that much for whatever reason, maybe because he can afford to lose it regardless of what happen next.
Some people though, forgotten that they have bitcoin on exchanges/wallet a long time ago and realize it when the current value is way higher than the time they had it.

Personally if you ask me I don’t think is wrong to hold coins for many year and act as if it doesn’t exist, infact I see see this as giving the coin a greater opportunity to grow and attain an even higher price, but where I consider the problem would come from Is definitely when one is holding the wrong coin, this is very frustrating because you can hold a scam project or a failed coin for as long as you want but this won’t even matter because the coin may never go back up, so what I would advice is that try to hold a fast rising coin.

You don't want to hold altcoins and never look bad, I am certain that you will lose more than you've invested and only luck will make you get profits, the best thing to do is make sure altcoins have go way down before buying, when there is fear in the market and crypto future starts to look uncertainty that's the best time to buy and hold.

You should be more specific on what coin you are referring to. Some coin dies off even after 2 months and some after a year we still have project that are strictly on a pump and dump use. There are also coins that are meant for long term profit. In crypto investing based on what you heard is never a good investment method learn to do your own research on every coin you choose to invest in. 

Honestly, if you invested in even Bitcoin and never look back trust me crypto is never meant for you.

Because it is never a good idea to invest in cryptocurrency (and that includes BTC) and never look back and apart from the dump in the price of the crypto, consensus can change anytime which may impact the price of the coin you invested in.

I have seen a lot of threads created by newbies on this forum who are old investors but never look back and they all end up blaming themselves. You can do adequate research about the altcoin you wanted to invest in to be sure of its longevity and store it in a cold wallet but always keep yourself inform about the recent update.

You can never choose to invest in shitcoin and expect it to last long in the market.

Every crypto that has huge community support is meant for a long time but choosing your asset or crypto gem is not based on what you heard because it's actually based on your personal knowledge about knowing the best coin to invest in.
For the record, most influencers these days only manipulate the market and advertise the project that they invested in.

Before investing, each trader or holder must conduct his or her own research. When you conduct your own study on a project you are considering investing in, you will be able to determine when to sell and for how long. It's sometimes a good idea to sell and invest the proceeds in another coin that you think will be a good investment. Always keep your greed in control and take whatever profit you can.

Which currency are you talking about? . There are lots of coins in crypto, but not all coins will last 2 years. Because some tokens come on the market for some profit. Whenever they make a profit, they don't kill / search for the token, so the token is no longer on the market. You will know better about the coin you will buy.  If you buy scam money for 2 years, then you are afraid of losing. You see, how much was BTC in 2012? And how much today? If you buy trust coins like BTC, Ether, BNB, then why for 2 years? Put them in front for a few more years.

If you want to hold in peace, then buy and hold bitcoin. Its the most valuable asset in the market so its less likely to lose demand as most of the people still want to buy it even if the value is very expensive. But knowing its value appreciates every year, except for some price correction, then you don't have to worry even if its price drops sometimes because you know in the end bitcoin will be very much expensive and you will make a lot of profits once you decide to sell it a very high price.

No, you can't sleep well if you keep thinking about your investment. But I understand that situation as we are aware of the risk and the volatile nature of the market, and checking our portfolio is a sort of assessment and awareness of where it goes. However, if we are just investing in potential coins like Bitcoin, that certainly lessens our worries and sleeps confidently that our money will never lose.

All just we need is to;
 * invest good coins
 * use a secured wallet
 

It simply depends on the coins that you are hodling for long term. If you are currently owning meme coins that have been in hyped, then consider that you won't be hodling in peace knowing these type of coins will lose their value eventually. However, when it comes to bitcoin and ethereum, those are the coins that you will never regret hodling for long term. They may be susceptible to losses when the market crash, but rest assured that they are much better than any other coins in the market.

Of course, coins like Bitcoin and Ethereum have a better future, with lots of investors who certainly won't make these two coins lose all their value.
Cryptocurrencies have risks that really should be known by everyone, because of high volatility, rapid price fluctuations and a lot of manipulation that occurs.
We also have to learn from LUNA and UST, that all coins can experience the same thing, massive crashes and even UST as a stablecoin, now can't guarantee to be safe. so be careful.

I hope OP you've got some ideas about what you need to do now. It is all about what coins you invest and also it matters about your behavior. You can actually hold in peace if you don't mind negative news around as this will pollute your mind thinking negatively which it cause you not to sleep well. Just give trust to your invested project as nothing can help you to stop worrying as in the first place, you are doubtful and not even sure of them. If you can avoid this thing, I'm very certain that won't bother you.

I suggest OP should not keep looking the market if his plan is for long term because it will create an uneasy feeling if you keep looking your investment then it goes red you might think you are losing but no, it's not. You just have to believe in your portfolio or read some speculation somewhere like in this forum. Most newbies would failed in their first investment if lacking of knowledge but for someone who has someone that will guide them on how to play in this market will save themselves from failure although it's not happening all the time but the important message is to learn from those mistakes.