btcholder
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September 09, 2017, 06:32:06 PM |
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Depending on experience. There are many coins out there which are not promising. If you got one of them sell your coin as soon as possible. If you have some good quality coin, like btc, eth, neo, bch then you can hold it for long time for good profits.
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AleSergio
Sr. Member
Offline
Activity: 378
Merit: 250
BuyAnyLight - Blockchain LED Marketplace
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September 09, 2017, 06:47:15 PM |
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It depends a lot on the potential of the coin that im holding, some coins i hold for months, because some major updates will come in future. Some altcoins i trade on daily basis, because they just pump and dump - for example DENT coin is the best coin to trade in this way.
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Koontas
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September 09, 2017, 06:53:38 PM |
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Because of tax reasons I am forced to hold most of my coins longer than one year. After that year they are tax free. This is often very complicated and annoying, because you want to sell the hype, but can't because you wold have to pay 50%!!! taxes for your wins.
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Don't trust any exchange!
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qiman
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September 09, 2017, 06:55:50 PM |
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This is a very tricky question to answer and a rather complicated one as each coin or token has a different utility and project behind it. Also some coins nose dive for good and to hold those would be a great calamity, so now I try to look for coins that have potential not only for bigger long term returns but that also give a reward for holding or passive income type element to them. I think this strategy suits me best because I am near pensionable age but without a decent pension to look forward to.
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mastadonballs
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September 09, 2017, 06:58:43 PM |
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Depends on the coin. We have some coins that we pre mined in the first days of their announcements and some of those are a year old or more. The wallets take up nearly no space and we run through a spreadsheet we have of them and cross reference versus the markets every other day. I think that a year is about max for that, but it depends on the action on the forums, the exchanges and others things.
Regarding what you said about coins you premined. Are there websites that are giving or announcing currency that is about to launch? Hello, tokenmarket and icotracker web sites are one of those web sites showing an ico calendar to you. I'll hold my coins for 10 years if they don't die. I know it's a long time, but if I can achieve this, I can make huge profit at the end. But if that coin cannot live until that time, do you have any plans for solve this problems? Because even Bitcoin still cannot determine, your token also does not has opportunity for long term like your said!
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Thymoty
Full Member
Offline
Activity: 372
Merit: 100
CPLAY Network
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September 09, 2017, 07:44:24 PM |
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the difficult thing i answer is when i asked the right time to buy and sell the coin you have , because i used my insting , and i read the grapich , although sometimes it's recession ..
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yunuzov
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September 09, 2017, 07:54:40 PM |
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Well it depends on the kind of investment you are doing. If i'm doing a long term investment i can wait months for coin to reach it's peak. As for short term you should be able buy & sell asap to make profit.
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rearwheels
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September 09, 2017, 08:38:19 PM |
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My strategy is long term - minimum 1 year. I am trying to follow this rule of investment: "Do not invest amount which you are afraid to loose".
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oreits11
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September 09, 2017, 08:58:19 PM |
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personal system of evaluation, as applying use of distinct with the occupation of analytical switching and features of technical function,
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as those to follows of the different unit of the dynamics arrange with the value, as the chance on trader to
defines of one with the limit of times as exchanging position with the request of withdrawing returns as submitted investment with the market.
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Ivan16
Member
Offline
Activity: 98
Merit: 10
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September 09, 2017, 09:28:15 PM |
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When you going to invest in some currency you must have some goals for example:how money you wants to earn,if you have goals you invest you money and wait,my opinion is hold minimum 1 year and than sell.
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HODL It
Newbie
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Activity: 57
Merit: 0
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September 09, 2017, 10:03:53 PM |
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I try to pick coins that I think will have a long shelf life. I don't want to pick up a shit coin / or even a good coin to try to flip it for a quick buck. For me I will hold a coin at least 1 year.
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stripykitteh
Legendary
Offline
Activity: 1176
Merit: 1001
CryptoTalk.Org - Get Paid for every Post!
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September 09, 2017, 10:15:38 PM |
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My strategy is long term - minimum 1 year. I am trying to follow this rule of investment: "Do not invest amount which you are afraid to loose".
Nice, strategy. I usually hold my coins until I see a profit in it. So when I hold coins it doesn’t really matter how many days or years go by, it only depends on the numbers being over my deposited amount. Bitcoin is one of the coins that I’ve been holding for years and didn’t really worry on the price because it could be worth something more than just fiat. The longest that I’ve held an Altcoin was around 2 or 3 years and I eventually forgot about it for some time. I have coins that are older than that though I don’t really want to sell them.
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CryptoAlarm
Newbie
Offline
Activity: 31
Merit: 0
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September 09, 2017, 11:53:45 PM |
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I will HODL some of my tokens about 2-3 years,there are some projects who will show themselves only in future and it will be really great.
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realm
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September 09, 2017, 11:56:44 PM |
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Depending on the coin and if I really believe in it. But in most of the cases I will never hold if it goes lower than its previous recorded lowest price. After this point you don't know where the support is, so maybe it is better to take the loss and move on.
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nicster551
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September 10, 2017, 12:19:19 AM |
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Depending on the coin and if I really believe in it. But in most of the cases I will never hold if it goes lower than its previous recorded lowest price. After this point you don't know where the support is, so maybe it is better to take the loss and move on.
Yes depending on the coin because there are different projects of every coins that makes it more valuable and demanded in the market and it is good to make a research first in the coin so that you are trusted to make it long-term.
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yillusion
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September 10, 2017, 12:29:50 AM |
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it depands how you treat with the coins, if you like this coin and get it at a low cost, i think you may hold it for a long term, but if you just want to day trade, then you better sell it at your expected profit
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Rose119
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September 10, 2017, 02:30:36 AM |
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I didn't never try trading,for now i dont know how to trade, but im willing to understand it. I think if i trade i will keep holding the coin as long as the price does not rise. but when the price is higher then I will sell it.
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Fundamentals Of
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September 10, 2017, 02:43:44 AM |
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There are two ways. Some have already a term before they buy a certain coin. They may set it at 6 months according to the roadmap, or a coming update, or a big announcement. Some are setting it indefinitely until the value goes really high. That is applicable to ETH or BTC. Some are also set for 3 months or 1 to 3 years.
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asma555
Full Member
Offline
Activity: 335
Merit: 101
Need Bounty Manager?Hire me on telegram @asma500
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September 10, 2017, 02:47:28 AM |
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it depends on coin,market value.when profit is enough, see it.because anytime price will be up down. so don't wait for huge profit.
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Butchick
Full Member
Offline
Activity: 392
Merit: 101
dApps Development Automation Platform
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September 10, 2017, 03:44:22 AM |
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There is no definite time as to how long one should hold on to its coin. When you are trading, the amount of time in holding your coin depends on the market value. Before you trade, you must have enough knowledge about it. And when you trade, you must observe the changes on the value of a certain coin before you sell it. When you see that you can gain enough profit or the increase in value is good, then sell it. Don't wait too long since there is a possibility its value will suddenly dive down and instead of gaining some profit, you might lose it.
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