The Dying Myth of long term holds???

[Cryptodiscuss]

What I consider long term hodl is 2-4 year. So why would I doubt in that just few months after biggest bull run in crypto history? "All this happened before and will happen again"

[DarkDays]

Long term holds are still a viable strategy if the coin is stable for the long term. However, long should be taken to mean extremely long, e.g. more than a couple of years for the market to see huge growth like it once did. so if you're just buying in now, don't expect to see any significant gains until at least late 2020, in fact I wouldn't even check the value until then if I were you as I'm sure you won't like what you see.

[chokomenia]

Well I don't really know what people thinks long term holds means? For me an example of long term hold is the case of bitcoin, most people hold bitcoin for 5 years before it went up to the current price, holding doesn't mean holding for just few months, it means holding for years until the price goes high, so if you are holding, then leave it for like 2 - 5 years

[leslie4u]

Well, holding is good but then there is a difference between holding and being a bag holder. We should hold to make a profit and not take all the dumped coins in our bag. It can be tricky I know but then if we study the project closely I am sure we can for sure atleast make a guess if its worth holding or selling. Sometimes we love the project so much that we do not want to leave it but then emotional and logical reasoning should not be mixed especially when it comes to financial matters.

So, do hold but then don't just holding anything and everything.

[LuaKT]

The myth has always being that long term holdings is better than short term/daily trading.
Thinking about it; with the current atmosphere around cryptos, is the future really guaranteed to be banking on long term holds or is it all a gamble.
Some day traders make very good profits nevertheless, which makes me wonder if this myth still applies.

Please share your views

I believe long term holding. But it is not mean You will hold until 2050.. Long hold means you need to hold until the next bull market in my opinion. Surely that 2050 situation is maybe correct for btc. but for other coins.
For example ethereum people bought eth 5 dollar 10 dollar. But they need to sell during bull run while it was 1500 dollar. So they can buy more now. but if they are holding  until now 5 dollar to 250 dollar. it is still profitable but they couldnt use that bull bear market cycle. I believe long term hold but also we need to use bear and bull market cycles.

[bharatpatel]

Long-term trading and short-term trading both profitable. But yeah short-term trading need more activeness yours in the market. While in the long term if you find a good bottom then good for long term. But just is a case made mistake to buy at peak value and holding then it's just bad decisions    Last year holding is the best thing but this year short-term trading more profitable.

[Ramtapsbtc]

The myth has always being that long term holdings is better than short term/daily trading.
Thinking about it; with the current atmosphere around cryptos, is the future really guaranteed to be banking on long term holds or is it all a gamble.
Some day traders make very good profits nevertheless, which makes me wonder if this myth still applies.

Please share your views

Everyone has it's own strategy and they will stick on what works with them well. Day trading is not for everybody so they tend to leaned towards holding long term in the hope that when they come back their portfolio will go up.