You don't loose if you don't encash

[bryant.coleman]

crypto is all about holding the crypto currency for long term that is how we make profits if we sell overnight in panic mode we loose all our capital

No. You are not intelligent if you are blindly holding on to a cryptocurrency for an infinite period of time. Intelligent people are the ones who encash their assets at the right time. Bitcoin is not a physical asset, and it is a digital asset. IMO, any such asset will be having a limited lifespan. Now I can't predict whether Bitcoin will survive for another 10 years, 100 years or 1000 years. But I firmly believe that at some point in the future, another cryptocurrency or even another product will be able to replace Bitcoin.

Right now, we have more than 10,000 cryptocurrencies in existence. A simple majority of them are no longer actively traded or mined, meaning that they don't have any worth. Do you believe that holding such assets for the long term could have been an intelligent step? Also, are you sure that something like this will never happen to Bitcoin in the distant future?

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[pawanjain]

You just missed the opportunity to profit but I guess that is OK as long as you haven't move any amount of Bitcoin from your wallet, But that big chance to get it all is already there but you can not change the fact that you still lost on that time frame where you can profit from it, you surely haven't lost anything but you just lost profiting at that moment when the price exceeds everyone's expectations, but I guess you are not regretting anything back then so it is alright as well, but I think you should focus on the now because you can not get that back and try to get a double profit in the upcoming new all-time  high.

Too much buts in your post 
Not everybody wants to trade actively. There are many who just wants long term gains which is why some of them totally forget about their investments for a long period of time.
I believe trading actively does give a good amount of profit if done right but long term investments are not bad at all. In fact I have myself invested a portion of my money in a long term investment (obviously in BTC).
So until you are gaining profits from your investment which gives you satisfaction I think it should be okay doing that.

[davis196]

Hey 
 
I once came across a time when I was unsure where the market is going to take us , thus I brought at a very high price , unfortunately the price came down as quickly as it climbed up.

The reason I believe I haven't lost even a single penny is because I believe you cannot loose when you don't encash.

Therefore I still believe holding for the long term can actually help you .

You are right,but it's still very frustrating to see the price go down.BTC went from 12,7K USD to 10K for less than a week and I'm constantly thinking that I have lost more than 25% of my btc holdings.My mind is playing tricks on me,I guess.
Keep calm and HODL until the price hits the moon.

[KuraJamban]

Hey 
 
I once came across a time when I was unsure where the market is going to take us , thus I brought at a very high price , unfortunately the price came down as quickly as it climbed up.

The reason I believe I haven't lost even a single penny is because I believe you cannot loose when you don't encash.

Therefore I still believe holding for the long term can actually help you .

You cannot lose when you don't encash, but your portfolio is actually decreased.
So besides you think you can hold longer, why not choose to sell it when you realize that it will dump for more. You can get a little bit of profit through it.

[Golftech]

crypto is all about holding the crypto currency for long term that is how we make profits if we sell overnight in panic mode we loose all our capital

You will lose the moment you sell your coin after you did panic seeing that your invested money is continuing to devaluate, but if you are wise and you are just holding even you don't see any progress from your investment sooner momentum will change up and bring profits in time that the rise happened again.

[btc78]

Hey 
 
I once came across a time when I was unsure where the market is going to take us , thus I brought at a very high price , unfortunately the price came down as quickly as it climbed up.

The reason I believe I haven't lost even a single penny is because I believe you cannot loose when you don't encash.

Therefore I still believe holding for the long term can actually help you .

Exactly mate because the volume of our currency remains until we sell them off so the safest place is our wallet staying our cryptocurrency
This is my stand ever since I read others panicking and scared of what will happen to their holdings.and also this is what I’ve learned from what happen in 2018 when the market deep badly but recovery on the next year

[Slow death]

The reason I believe I haven't lost even a single penny is because I believe you cannot loose when you don't encash.

Therefore I still believe holding for the long term can actually help you .

When the price of ETH was 0.10 BTC, I watched a lot of videos on youtube and in those videos or saw people say they bought a lot of ETH for the price of 0.10 because the price would go up so much, look more than a year now. ETH is 0.021 and it is dropping and from what I see the price has no chance of rebounding to 0.10 BTC. Bitcoin is a good investment, but you should always have a good strategy even if it's Hold for many years.

[djcaoile1205]

I also believe in long term. Anyways, I don't participate in some kind of ICOs and IEOs..to high risk.

[Nanagyasi]

This is very true and i have personally experienced same situation. I bought some btc and other altcoins when I first joined in early 2018. Since then, my investment kept dwindling and I decided to leave it untouched. Just few weeks ago, my investment was just as I invested and I'm still not touching until I accrue some profits

[duglin]

In some cases short term is more reasonable. But it makes sense. The major part of my investement is long term and I believe I won't lose.

[MadeinCoin]

If we can manage to hold our coins during bear season, it absolutely nothing we could lose but in the way that we should have to sacrifice sometimes for the seek that we can move our investment. As to know that holding isn't a guarantee to save from losing especially when we are holding those dead coins. better to sell them and re-invest into the other coin.

Yup, it all depends on what coins we hold, if it feels that the coin has no more potential to return, it's better to sell it because it will only add value to the loss if it continues to hold it. Unlike the top coins that we hold, to sell it definitely requires careful consideration, because usually the price will go up again.

[Coyster]

It is really clear enoughf that the market is always unstable and holding is really a great strategy on crypto, but people sometimes cannot control thier emotion specially when the price of the crypto coin drop. I already experience the dip last year and if i encash my asset i can surely loss that time. So i still believe in holding for a long term.

Whenever there is a dip or a hike(rise) in price, it just breeds panic among investors, the rush of whether to sell off and make profit, or to hold and see if making profits is feasible.

But technically you're correct in a way, if you still hold your coins, you have not actually incurred a loss or earned any profit.

[waichi]

Because all those gains and losses that you incurred are unrealized gains and unrealized loss. It means that once you sell your Bitcoin, that is the time it will realize gains or loss. So you are right, it is not gain or loss when you see the value goes up and down unless you sold it. So it is advisable to invest and hold to those coins that we believe will going to be in the market in the long run, like Bitcoin so we won't bother if we hold it for a long period of time.

[nydiacaskey01]

So how do you calculate and enjoy your profits if you dont encash and enjoy your profits? Sure it looks good in your spreadsheets that you gained this much profits but thosr are just numbers because that investment of yours can loose its value overnight, so for me, try to ecash a portion of it and enjoy the fruits of your labor.

[jakelyson]

It is only applicable to stocks and investments that have fundamental values like gold or bitcoin otherwise it is a risky move. You can suddenly find yourself being a bag holder. It is also not applicable to traders because you need to set a stop loss in order to minimize losses. Only investors benefits to this move.

[Nasonn]

The problem with this notion is that you can't really predict the future, you might be all hopeful that after the many rain will come shine but it may not be so. Why you're hodling on to that coin and it's falling, truth is that it may never reach its ath in its lifetime again.

[Periodik]

Hey 
 
I once came across a time when I was unsure where the market is going to take us , thus I brought at a very high price , unfortunately the price came down as quickly as it climbed up.

The reason I believe I haven't lost even a single penny is because I believe you cannot loose when you don't encash.

Therefore I still believe holding for the long term can actually help you .

That's the big joke on wallstreetbets, you can't lose if you don't sell, but obviously that isn't true, if you're holding a shitcoin like bitconnect and it goes to zero you have lost, regardless of selling or not.

If you are holding a shitcoin, you better forget about this mantra. This is not absolute, after all. If you are holding Bitcoin, this applies. I am also with the preference to hold my BTC if it falls lower than the price I bought it, unless there is a pressing need to sell at a loss. I guess the OP refers to BTC since this thread is on this section.

[joeperry]

Actually I don't recommend holding for a long time since there's a lot of missed opportunity happened just like you missed the swing trades and day trades but if you're looking for a big profit and a sure profit you should do the holding but there's no assurance when will that happened (the big profit)

[killat]

You are only partially right. If you're referring to Bitcoin for instance,  yes, with patience you might see the price reaching new ATH and it doesn't worth to sell in loss.

But if you hold some sh*t coins sometimes is better to accept the loss and to sell before the price goes to near zero.

[ttcsalam]

One seller in the market. And the other buyer is like this. The market is right. Right now ! The price has gone up. There is nothing to lose in the Bitcoin market. One time the price will go up.