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Author Topic: Long term investing - Newbie question  (Read 271 times)
Kakmakr
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January 19, 2018, 08:01:49 AM
 #21

I created some secure paper wallets and I split my long-term coins into these wallets. I never store my coins on exchanges, because I have learned from previous experience that these exchanges is the weak link in the chain. <A lot of exchanges has been hacked before>

When you want to trade with these coins, you quickly sweep some coins on-chain and you transfer them to the exchange. This will eliminate the risk of losing large amounts of coins in exchanges that gets hacked.

I have to admit, I do keep small amounts on exchanges, just to play around and to capitalize quickly, when there are a small spike. ^smile^

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Simyboye (OP)
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January 25, 2018, 11:10:10 AM
 #22

Hi there again.
I believe that BTC is coming down to $9k, does anyone support this?

Also, just to clarify, if I buy XXX crypto and store offline, and the market goes up, then when I sell, I sell at market value not what I bought at? So make a profit.

Thanks in advance
maskal89
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January 25, 2018, 11:52:46 AM
 #23

get a hardware wallet, store your cryptos there and happy hodling.
Simyboye (OP)
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January 25, 2018, 12:06:38 PM
 #24

Thanks. Appreciate it
AstaYuno
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January 25, 2018, 05:27:47 PM
 #25

It depends on you some coins generate dividends when staked at their wallet.
So i'd suggest putting them on the specific wallet.
testyourinvest
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January 25, 2018, 05:40:57 PM
 #26

Leave it in a safe wallet !
never store coins on an exchange for longterm holding.
And dont put all your eggs into one basket !
Diversify your Investment and stay safe  Smiley

If you are looking for more Coins to invest , check out The best Coins to have in 2018
upekhaanthony
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January 26, 2018, 11:37:23 AM
 #27

If you are long team holder,then hardware wallets for you. It is secure but you have to afford some amount on that. other wise you can use pc wallet for storing coins. if you are think to get hold long term in online wallet,then only use wallet which have private  key control with us.

Simyboye (OP)
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January 26, 2018, 11:51:06 AM
 #28

Thanks guys for this. I got the nano s but transferring coins to the nano from chrome addons look terrible and some people have lost money. I'm waiting for btc to come down and then going to purchase a few thousand, I don't want them going missing because of some dodgy chrome extension.
cryptoSchultz18
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January 26, 2018, 01:01:13 PM
 #29

Make sure to choose a secure wallet and store there. Take it out only when you want to sell, but BUY and HODL would be your main tactic for now!  Cool
tyuner4
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January 26, 2018, 05:42:23 PM
 #30

Don’t leave your ripple in exchanges for the long term, it is risky and better to keep ripple in a wallet you control. So far, the best wallet I know of is Ledger hardware wallet.
Tom R
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January 26, 2018, 06:52:30 PM
 #31

Define "long term": for traditional value investing in stocks that could be 5-10+ years. Warren Buffett goes as far as saying his favorite holding period is forever. IMHO long term investing in crypto means hodl until moon or grave. In that case I think cold storage makes the most sense and sure you can keep a small fraction on your hard wallet (trezor etec...).

If you look at some of the top crypto hedge funds that state they want to be long term value focused, they aim to hold their coins for at least 10 years. Granted thing change very quickly in the space.
Simyboye (OP)
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January 26, 2018, 07:01:48 PM
 #32

Exactly what I want to do. Btc eth neo iota mon and dodge for at least two years.
taeewo
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January 26, 2018, 10:16:37 PM
 #33

Hi there, wishing to invest in the crypto markets however wanted to ask that if  I'm long term investing in say Ripple, do I just buy it and stick it in my wallet or do I put it on the market and let it sit there? If it's on the market there's stop losses and take profits like FX trading?
Thanks
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Archibaldos123
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March 11, 2018, 10:25:42 AM
 #34

What better to invest and forget for five years?
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