Keep your bitcoins for at least five years

[South Park]

It is not a bad policy but how many people have held their coins for five years? I consider myself a long term holder and I am planning to hold for that long or even longer if necessary and yet I only began to hold my coins two years ago, so how many people in the forum qualify as long term holders of five years? Especially when this market is only 10 years old.

[Bunmi1989]

I don't think anyone need to be told to hold or sell or give out his or her bitcoin for free again the decision is for individual to make

[goodman4hire]

Awesome article and advice.  IF you pick the correct coins and hold long term you will make immense gains.  The beauty of this horrible market is if your looking ot build long term positions and you are able to pick quality, long term you will only win with this strategy. 

[Carmon]

At this time the emergence of more than a thousand new cryptocurrencies is undoubtedly a good thing, and bitcoin will always be the king of the crypto market.They 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. so u can easily Keep your bitcoins for long trum .

[davcro22]

Yes, I agree, now the market will grow for a long time, since there are a lot of altcoins, and there are not enough investors in the market.

[btccrusher]

This could be a great step to becoming a millionaire without doing any business. Ten thousand worth BTC holding for five years will turn anyone a millionaire, but who dare to do that when most people fall in altcoin trap of huge profits commitments? Well, if 10k is huge, maybe you can hodl 5k worth BTC for five years, good luck.

[Bezuprechnyj]

How can you predict something for 5 years ahead? For 5 years, the top 20 coins can pass positions to new projects, with the exception of bitcoin, of course. Of course, projects from the top 20 have made a revolution in their industry, but this does not prevent someone from making a revolution again.

[Maikl]

I for myself found out one, it is better to sell at peak and to increase the bags, than just to sit and watch!

[redrose8226]

Bitcoin is a coin that will always go up. Maybe slowly but steadily it has able to maintain its top position in the market and the price which was facing down fall from the beginning of this year it has recovered well. So no one should sell bitcoins right now.

[alisherusmonov89]

I fully support that idea. I am set up to hold cryptocurrency in the long term. Especially bitcoin. There are also some good altcoins that I think will be much more expensive in the future.

[fakegurutu]

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.”

The point of view of the speaker is very well explained and because of this I may also keep my altcoins for about five years from now, but those are only chosen altcoins like what the speaker said, only top 10-20 or maybe lets make it top 30, Im gonna choose altcoins from that top 30 that I believed has the potential to grow after five years. We'll try it, anyways cryptocurrencies were a risky thing and Im gonna gamble for it.

[bartusv]

We have to hold our coins for years (if not trading with them) as bear market can last for years. We had that situation from from 2013-2017 and now we have it for 8 months. So, we have to be prepared for long run and be patient.

[Zooplus]

We have to hold our coins for years (if not trading with them) as bear market can last for years. We had that situation from from 2013-2017 and now we have it for 8 months. So, we have to be prepared for long run and be patient.

Of course we should be prepared all the time.But i think the bear market won't really lasts that long because i still believe that before this year ends,the market will have a good condition already.Holding bitcoins for five years might give us huge profits already in the future.

[Latviand]

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.”

I do agree of the idea of holding for a long period of time but be realistic and do not expect of that much increase just because it is a 5 long years. Keep in mind that consistency is lacking on every crypto so increase won't be totally comtinuous. Given that cryptos are being adapted by different countries, issues may suddenly appear as years are passing by which may be against the cryptoindustry or may also be in favor for it.

[kr105]

The crypto market is a very profitable market despite everything, i think it's worth the wait. Those who want to make a good profit on a traditional market say they have to wait an average of ten years. We will just try to choose the right cryptocurrencies.

[policeoo]

I am keeping my Bitcoins for over than 4 years now and I am planning to do so in the next years that are coming. I think Bitcoin is not an investment for short terms, it is long time investment and especially now, market needs to be recovered again, then we can talk about earning big bucks and making a profit of a lifetime.

[raven.tiu17]

He may be right but I guess there will be a king of all platforms. Probably nem could be number 1 as I can see they have they best smart contracts and they are number 4 https://www.rise.global/blockchain-100/r/2585477 but if you think bitcoin will rise more than we expect then go buy. I think all materialized if crypto are on mainstream. Believe me anything is possible.

[ralle14]

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.”

You're right in the future the total number of Bitcoin transaction (on chain) will be reduced because of the lightning network.

Bitcoin won't fail just because of the reduced transactions. Bitcoin can maintain a high demand regardless of the total transactions.

If we see more people buying more Bitcoin in the future only to hold it for at least 5 years then how is Bitcoin going to fail since they won't be dumping any of their investment.

Altcoins won't fail if Bitcoin starts to fail they're not related except for the price.

[Yamifoud]

5 years in holding for Bitcoin is not pretty bad but you aren't profitable if you just keep on holding. It is better if you invest some of it into other coins while holding on it. Bitcoin market trend isn't good now but it rebound soon for sure.

[chocolah29]

~
Altcoins won't fail if Bitcoin starts to fail they're not related except for the price.

Yet the trend tell it all.

1. Bitcoin pump, altcoin dump
2. Bitcoin dump, altcoin dump more

Since bitcoin is dominating the cryptos, when investors see that bitcoin is struggling and fuds are spreading, they easily loss trust and dump their altcoin. Though when bitcoin pump, they sell their altcoin and diversify more in bitcoin.

The crypto market is a very profitable market despite everything, i think it's worth the wait.

Yeah after all, it's profitable unless someone here is a FOMO and bought at $19k.

Cryptos are unpredictable and so the price of bitcoin. Good thing I sell my eth last month and buy more bitcoin or unless I'm doomed now.