Keep your bitcoins for at least five years

[KatrinSmile]

Recently, San Francisco hosted a financial conference MoneyShow, where the speaker was the well-known analyst Charlie Schrem. He believes that those who invest in cryptocurrencies need to keep their investments for at least five years.

"Choose something from the top 10 or top 20, choose carefully, study and then invest. Any cryptocurrency that you buy, keep at least five years. Just fix your portfolio for this period. There is a high probability that its value will grow during this period, as bearish and bullish trends in the market usually last about 2 years.”

Cryptocurrencies are the most volatile asset of all known. Daily growth or fall of 10% has become the norm, and similar movements of 90% for the year are still possible, at least so showed the current and previous bear markets.

And although bears sometimes take precedence over the crypto market, but every two or three years there is still a rally that takes bitcoin and other cryptocurrencies to new heights. Thus, if investors follow the advice of Shrem, they are likely to earn.

Schrem was one of the first crypto-enthusiasts. He started investing in bitcoin back in 2011 and is a co-founder of the Bitcoin Foundation. In addition, he founded BitInstant crypto-exchange, which held 30% of all trading volumes in 2013. It even invested Roger Ver and the Winklevoss Brothers, but later she was forced to pay a fine of $1 million for the fact that someone used bitcoin to buy illegal psychoactive substances on Silk Road. Because of this, he also spent a year in prison.

But despite all this, he remains an ardent supporter of bitcoin and is now the head of crypto.iq-a company that gives investment advice and provides the necessary resources. He believes that the emergence of more than a thousand new cryptocurrencies is undoubtedly a good thing, but bitcoin will always be the king of the crypto market.

"These 1600 koin are "guerrilla marketing". They all appeared on everything ready, built by bitcoin in the first days of its existence. They entice people, they care about them, but bitcoin will always be a "daddy": the gold, in which most of the crypto-investors keep most of their portfolio. After some time, you will see that the total number of bitcoin transactions will fall, as people will use it more to store savings, because it is known that if it fails, then all cryptocurrencies will fail.”

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[ChainFish]

The speaker has told a very important policy. To get a long term profit and for survivability of any investment project, long-term investment is the heart. But most of the people here invest for short term only. Investors should also go for long or at least mid-term investment.

[dumplingsandsushi]

I'm sorry, but there is just no way bitcoin will be more valuable in 5 years.
That's like saying that the current iphone (iphone X) will be more valuable in 5 years than now.
Why on earth would anyone pay more for btc when there are so many better choices out there?
And you think in 5 years btc will still be the best blockchain out there?
No way.

But, in the short term, I still think btc has one or two more pumps in it.
It would be beneficial to still keep a btc based portfolio then sell it off when we see it hit 15k usd or more.
But after that, migrate your portfolio to something else.

you have to realize that all of these bitcoin hodlers are mostly basing their analysis off of their own experience, which actually isn't relevant anymore.
we are beyond the hodl era.

[chadtn]

It's quite interesting to talk. Many novice crypto investors do not understand this, although for those who want to see big profits in the long term this is the main Grail of knowledge.

[helloeverybody]

I'm sorry, but there is just no way bitcoin will be more valuable in 5 years.
That's like saying that the current iphone (iphone X) will be more valuable in 5 years than now.
Why on earth would anyone pay more for btc when there are so many better choices out there?
And you think in 5 years btc will still be the best blockchain out there?
No way.

But, in the short term, I still think btc has one or two more pumps in it.
It would be beneficial to still keep a btc based portfolio then sell it off when we see it hit 15k usd or more.
But after that, migrate your portfolio to something else.

you have to realize that all of these bitcoin hodlers are mostly basing their analysis off of their own experience, which actually isn't relevant anymore.
we are beyond the hodl era.

Theres no reason why bitcoin wont stay king even if other superior blockchains exist. If bitcoin continue down the road that some developers are taking it (store of value) then since its been around the longest its also one of the most diluted coins. Any new contenders have to dish out coins one way or another be it icos, giveaways or however they decide but theres still going to be large coin centralisations. Even bitcoin still has large whales meaning centralisation but of all the coins its had the longest amount of time to dilute its supply amongst thousands of people. And as the total coins are divided more and more between a larger amount of people the value is sure to rise due to the limited supply.

[Red-Apple]

Why on earth would anyone pay more for btc when there are so many better choices out there?

if there were any half better choice than bitcoin then they would already grown huge by now. the market is not something that takes time to realize a good potential. it will be fast.

but this is a free market, feel free to bag hold shitcoins thinking they are "better" and lets come back in a couple of years and see who made more profit which coins don't even exist any more

[chocolah29]

I'm sorry, but there is just no way bitcoin will be more valuable in 5 years.
That's like saying that the current iphone (iphone X) will be more valuable in 5 years than now.

Seriously? Comparing bitcoin to iphoneX is crazy. Bitcoin is an asset and iPhone X is just a gadget that depreciate in just some months. Nice logic huh.

Why on earth would anyone pay more for btc when there are so many better choices out there?
And you think in 5 years btc will still be the best blockchain out there?
No way.

Oh yeah just believe that. Can you cite us some coins that's better choice than bitcoin. Let's see if 5 years is enough for your shitcoins or should I say if it still even reach 5 years.

But, in the short term, I still think btc has one or two more pumps in it.
It would be beneficial to still keep a btc based portfolio then sell it off when we see it hit 15k usd or more.
But after that, migrate your portfolio to something else.

you have to realize that all of these bitcoin hodlers are mostly basing their analysis off of their own experience, which actually isn't relevant anymore.
we are beyond the hodl era.

Yes we're basing our analysis to our experience or rather on history since we already saw how bitcoin struggle from its ups and downs.

[pawanjain]

I'm sorry, but there is just no way bitcoin will be more valuable in 5 years.
That's like saying that the current iphone (iphone X) will be more valuable in 5 years than now.
Why on earth would anyone pay more for btc when there are so many better choices out there?
And you think in 5 years btc will still be the best blockchain out there?
No way.

But, in the short term, I still think btc has one or two more pumps in it.
It would be beneficial to still keep a btc based portfolio then sell it off when we see it hit 15k usd or more.
But after that, migrate your portfolio to something else.

you have to realize that all of these bitcoin hodlers are mostly basing their analysis off of their own experience, which actually isn't relevant anymore.
we are beyond the hodl era.

You are taking it all wrong dude. The chances are quite high that the price of BTC will increase more over the time and in the next 5 years it will at least be more than the double of the current price. The example you took of iphone X is not relevant here because the iphone X is a liability while bitcoin is an asset. The value of a liability decreases over time while value of an asset increases over time. Despite that, BTC is the major pair of crypto and hence any coin that you say "might" be better than BTC should be paired with it and hence this will also eventually increases bitcoin's price.

[BigBrother]

For a long time bitcoin holds the first place and no coin has yet managed to even come close to its value. I think this is a good indicator for such a time and we cant say that bitcoin when it will be no longer relevant. So far, there are no prerequisites for this.

[putriliesma]

If you really want to hold the bitcoin that you have for the next 5 years, hold it might be something worth trying. By looking at bitcoin which from 2009 to 2017 and then within 8 years of bitcoin can increase its price so far until now.

[BitcoinMaster555]

Actually this speaker has focused on the mid-term investment policy. We have seen that many investors of this market is shot seller and so some face profit where some face loss. But the market needs more long term investors for the development of the market as well as for earning good profit for the investors.

[umar22pk]

Good idea for long term hold, but I will add you prepare your mind for log term, but if you get a good chance to sell your bitcoin in this period…you have to sell & wait for a dump to buy again.
If you run this cycle patiently then you can make a good profit to reaching five years.

[Hanebel]

I'm sorry, but there is just no way bitcoin will be more valuable in 5 years.
That's like saying that the current iphone (iphone X) will be more valuable in 5 years than now.
Why on earth would anyone pay more for btc when there are so many better choices out there?
And you think in 5 years btc will still be the best blockchain out there?
No way.

But, in the short term, I still think btc has one or two more pumps in it.
It would be beneficial to still keep a btc based portfolio then sell it off when we see it hit 15k usd or more.
But after that, migrate your portfolio to something else.

you have to realize that all of these bitcoin hodlers are mostly basing their analysis off of their own experience, which actually isn't relevant anymore.
we are beyond the hodl era.

You can't use iphone and compare it to bitcoin. For all we know, a gadget like iphone is not an asset that appreciate, it's a thing that losses value and can never gain value in time. Bitcoin may be losing its value now but it's more of an asset that has a very big potential to appreciate.

[boroda074]

I believe that it is very difficult for us because if we see good growth and a great deal of profit then we will sell it much faster!

[LuckyOctopus]

The key focus here is on the mid term investment. And we have seen people in the market who are here for the short run only. That is, they will only cash and dash. But in reality, we need people who will be here for long term instead of short term.

[kingzpro]

No doubt bitcoin is gonna be very precious and expensive asset in next five years, i cannot wait to see one satoshi equal to one dollar, i know it will be huge milestone but it is realistic especially if we see more bulls like we seen at the last part of 2017.

[Aiberg]

Personally, i think this should be a personal decision although I see sense in what he is saying, if bitcoin is this price now, it would definitely explode in 5yrs.

[coinages]

That’s right because you never know how the market will work in next year. For the users who have bought last year with high price now they are getting low price. If they sell coins now it will be a big loss for them. So they need to be patient and wait for the price to rise.

[lenini]

The "buy and hold" strategy has always ensured good profits in the long term, as the big investors say. If you are sure that in five years bitcoin will not disappear anywhere, then 100% it will cost more than today.

[Tom Shelby]

I believe that it is correct to keep your cryptonyms for a long time. But not everyone can stand such a long time, for this one needs strong patience. Also, a big plus of what you can earn is also a large sum.