The Dying Myth of long term holds???

[Indrawan77]

Long term holding is better than short term if you don't know how to trade or you don't have time to trade, but if you got skill and time to trade, of course short term investment is better, it will gives you more profit and the transaction volume of the coin also increase, with increasing transaction volume the price also can increase

[tsaroz]

It's about how long is a long term. People buying bitcoins in the time before first half of 2017 are still in huge profit while they made a fortune on late 2017.
Storing the coins for 20s of years doesn't make sense as we are evolving fast. You should know when to buy and when to sell. And this is buying time.

[askmecrypto]

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

The myth is "Some day traders make very good profits nevertheless". I know more people who failed in day trading compared to the one who are succeeding.
For day trading one should be very good with TA, FA and should understand market sentiments properly, if they fail in any of them they are most likely to lose money.
Regarding Long Term Holdings is better > Not always true as well.
It depends on how strong the project is fundamentally, do they have the proper team behind the project who are going to deliver of what the project promise to its investors. They should be backed up with partners who are in support and not the ones who wait for lock period to get over so that they can dump.
Crypto market is very volatile and there are steps required to be taken time to time. If one cant do it, he should neither trade daily or even on longer terms, his best bet should be relying on Bitcoin and bitcoin only, buying when the market is red and selling when the market goes green and rebuying when market becomes red again.

[bitcoin.beda]

For me, I still believe on long-term holds but I trade these tokens and sell them at a rally and once the price settle I will buy back and HODL these tokens.
This way I can increase my tokens to HODL rather than just purely HODLing them.

[ifightformerkel]

With such market volatility, it will really be much more profitable to trade, but long-term investment in my opinion is still relevant and when the market is more stable, the more profitable it will be to invest in the long term.

[elpsycongro]

Totally agree that long therm holding is dying myth, better to sell if you have already good profits,because there are much more opportunities for dump,rather then pump of altcoins

[superscommessebitcoin]

I think that long-term investments are actually much safer and quite profitable. If you are not a trader, then it is best to invest in the long term.

[Olatunjex]

That is fact and not dying myth, holding coin at this current market atmosphere may not be favourable. It pays off at the long run if only if you can be patient back up by the adage that says patient dog eats the fattest bone.

[shirackjs]

Long term hold is still profitable until now. For example, Bitcoin price is still higher than 1 year ago. Day trading is profitable as well if you are good in trading. If not, sticking to long term holding is the best bet.

[cryptolidus]

Long term holding is dangerous if You are not holding main coins as  in bearish market their value is decreasing
significantly more than Bitcoin and their value can go to almost zero and you can lose your investment.

While a trader is using losing stop - loss and buying back cheaper. Holding is not always working, even if the market recovers,  not all the coins will survive and fully recover.

[DonnieMitchel]

Rome was not built in one night.
I firmly believe in that. It takes time to come up with a strong project and high security.
A patience group member is the strength of the management

[949miner]

Holding has always been good, that is why i have always thought that it is the most profitable thing for everyone, but due to the market conditions, i am more than sure in that holdnig is good

[Argoo]

When we look at such long-term falls in the crypto-currency market, and besides, we see that the fall and rise of the market is cyclical, it becomes clear that investing for a long-term perspective will not always bring a good profit. If you are not a good day trader, then the best option will be the periodic sale of coins, when they clearly grew in price and their purchase at significant price falls.

[Guddini]

It seems to me that much depends on a person if you know how to trade well, then maybe day trading for you will be more profitable

[juljon18]

I kinda of agree with the long term holds being a legend of sorts.  The world seems much more fast paces than it did in say the 90's.  We may have to remain more nimble in the future as we become more connected and wired into a great big technological society. 

[Razick]

You say long term hold is a gamble, I counter you with the fact that short term trading is just as much of a gamble as long term holding. I have met people who have lost their money because they were involved in short term trading but I have never met anyone who lost their money from long term holding, rather they made the most money, me included. Trading has a lot of risks, so if you are not a pro, then you should go with long term holding.

[DianaZher3]

The big earnings on long-term crypto currency trade is not a myth. I myself have been convinced many times that long-term traders earn much more than day traders.

[dunfida]

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

Its quite popular on having these kind of advise or saying by some people when it comes to holding for long term. We cant really deny that this do gives out opportunity to make big profits but if we do see it carefully it would really still like a gamble because you are holding into something which doesn't have any assurance that it can give you out profits on the time you do expect. We know each coin do have the time that pumps out once into a certain ath and die later on which simply means you just missed out that golden opportunity.

[hrunya102]

For long term holds yuo need choose good projekt, not all projects are equally good. In trade, I usually lose money, so for myself chose hold.

[biogesic]

Holding works in a bull market, you don't wanna hold an asset that depreciates in value. Hold only in uptrend or if you bought the coins on the floor.