Good day everyone,
To buy a token to hold for long time, I'll advice to study and research these new projects coming out, check if the use case and the team are worth giving consideration and buy the coin after ico when they hit exchange because virtually most projects do cheaper when they immediately hits exchange.
One problem with long time holders is that they hold without following the project, doing so is one of the greatest mistake in cryptosphere.
Join the telegram group, follow up the price, when ever the price is tanking move to usdt, also know that usdt can also make you loose some coins value, so move wisely!!!
Feel free to drop any suggestions you have!
My suggestion, is not to listen this guy's suggestions lol.
Well, to be fair, there is some very general good advice, but some very flat out wrong ones.
Any great long term hold should start with you considering to jump in during a private sale (that means it should be good enough and disruptive enough that you would be willing to put in a huge chunk of money into it). If you don't have enough money to invest such a large amount, than, yes, it can be cheaper after an ico. But the cheapest prices are usually found in private sells where bonuses combined with the sheer amount of money you drop makes your cost per token ridiculously low.
Also, never ever use usdt. It has been proven time and again that tether is a complete scam.
Not only is it incredibly risky to use usdt (it will implode, guaranteed. There is no indication at all that tether is backed up by real usd and any auditing attempts they have done are extremely biased), it is also not in anyone's interest to support projects like this.
the last thing is, don't ever sell when the price is tanking.
That is by far the worst trading decision ever.
You sell when the price is pumping, then buy more when the price is tanking, thus increasing the overall amount of the coin you have.