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Author Topic: How to prepare for long term HODL  (Read 8716 times)
FloatOn70s
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August 14, 2019, 12:14:42 PM
 #41

I see, I have ordered all my rigs on globemining com. They have plenty of devices represented and timely clearances as well. You may ask for some particular model, for example I have purchased T17 model
Yeah, I see. Prices are high, how long does one miner take to payback?
In my experience, based on what I have ordered on globeminingt it takes 7 month depending on what number of devices you order, the more the quicker payback period will be
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FloatOn70s
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August 14, 2019, 12:28:27 PM
 #42

I have seen many of them, but none of them were officially registered as a reseller, so no guarantee that these equipment will ever be secure, yeah?
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August 14, 2019, 12:36:08 PM
 #43

this is the importance of analysis when we invest, don't rush, learn in detail, where and when we should invest, don't get stuck at a cheap price when buying a token, because cheap tokens will not necessarily increase in price, my advice is better to invest in tokens that have been proven, so we are not trapped by buying tokens that only become junk in the market

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August 14, 2019, 12:39:19 PM
 #44

I have seen many of them, but none of them were officially registered as a reseller, so no guarantee that these equipment will ever be secure, yeah?
Sure, that's a significant benefit, so they offer a year guarantee?
I do not know rather it is one year or two year guarantee period on globemining, you'd better contact their office or customer window to check it
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August 14, 2019, 12:39:30 PM
 #45

The most important thing to sustain one in a long term hold is having another source of income. I wonder at some people who talk about hold especially the newbies but then again they might have other sources of income. Only that will give one courage to hold one while expecting a believed project to do well in the market. The other points the poster outlined also is of essential too.
Definitely that's important because investing alone can't be a guaranteed source of income especially in crypto where the market is very unpredictable.
Maybe in the past it's easy to be profitable because even if we hold 6 months, there's a high possibility that our investment will be doubled but people got a little greedy during the last bull run and they don't sell and resulted to holding until now where price is very cheap.

Every holder are not expecting a long bear market, but like I said, the market is very unpredictable so greediness will likely kill our source of income if we don't have one that is  not risky like having a job or having your own business outside crypto.

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August 14, 2019, 12:47:02 PM
 #46

They are based in US, and I live in Cyprus, is it possible to order?
I guess as globemining offers worldwide shipping it is more than possible. But be aware that it will take long days to await your delivery, I live in US and it took 10 days to deliver to my place
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August 14, 2019, 12:51:11 PM
 #47

Alternative source is wise way to prepare for unnecessary marker flow. The more you have sources the more you can anticipate the possible problems. However, it is also a task that should take seriously to maintain enough balance. Doing crypto, trading, investing and actual job are good ways to provide your needs more than enough if got lucky.

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FloatOn70s
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August 14, 2019, 12:59:59 PM
 #48

They are based in US, and I live in Cyprus, is it possible to order?
I guess as globemining offers worldwide shipping it is more than possible. But be aware that it will take long days to await your delivery, I live in US and it took 10 days to deliver to my place
So to Cyprus it may take 20 days? Or less?
You may make an order and check it yourself, as I am not the representative of the globemining Smiley I just recommend them as I have made an order there and all was fine
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August 14, 2019, 01:32:00 PM
 #49

Note: This is not about how to identify good coins to HODL
This is about how you can be a good long term holder

1. You must have another source of income
Either in crypto space or outside crypto space you must have other source of income,there was a time when i used to rely on coins i hold for monthly income but most time they failed me because some altcoins takes more than a month to add value. You can learn trading or find a better job to get constant income for your daily needs.


Point number one is very important, even if you have the mindset that you are going to hodl your coins no matter what happens but you have no stable income to support you cannot sustain your choice.

It happens to me several times, I have three coins that I promise and really want to hodl but I have no stable income at that time and I have no choice but to sell my coins, or I have to go to a loan shark.
It's a choice between the two and selling all my coins is the only choice that I think is logical I don't want to end up selling all my coins just to pay interest to a loan shark.

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August 14, 2019, 01:34:45 PM
 #50

Long-term HODL must understand about the potential of Altcoin that we hold.  If it's a potential Altcoin, it will benefit us later.  But if Altcoin is bad, then we will lose our time and assets.  Before doing HODL, we must understand very well with Altcoin that we will invest in.
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August 14, 2019, 01:41:32 PM
 #51

all you say is true. If you want, it's easier to invest bitcoin, not altcoin because bitcoin is the crypto king. if bitcoin dies all alt will die if alt dies bitcoin won't die.

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August 14, 2019, 01:54:33 PM
 #52

all you say is true. If you want, it's easier to invest bitcoin, not altcoin because bitcoin is the crypto king. if bitcoin dies all alt will die if alt dies bitcoin won't die.

For the long term hold, bitcoin will be the best coin ever. But in the short term, we have altcoin which we can use as the investment. You need to choose the right altcoin to hold, so you don't have to wait for the long term to hold. But unfortunately, we don't know the right altcoin to hold because all of the altcoins will follow bitcoin. So you can choose bitcoin only to invest in a long time.

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August 14, 2019, 02:27:30 PM
 #53

Keeping this in mind! There are so many obstacles in Hodling, it's kind of stressing also when the price went down and we can't even predict when it will bounce back. People should not be stressed about it. #1 is really a great tip, having a source of income gives you a chance to buy crypto on its lower price, and give spending limit on your owned cryptos.

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August 14, 2019, 06:57:41 PM
 #54

Those things are really important if you hodl any coin. First of all, we have to choose the correct coin to hodl. Because there are so many coins in the coinmarketcap. We have to choose really good coins to hodl for long term. The own research is a really important thing before long term investment. The next thing is to keep in touch with future updates. If you hodl a coin, you have to keep in touch with future updates. because some projects have mainnet launch, token swaps etc. The updates help to sell your coins correct time with a profit.

Yes,,, everybody knows we have to choose the "correct coin" to hodl but that is the problem! There is no way to know the correct coin other than Bitcoin. With every single alt it is a gamble and no way to tell correct coin from wrong ones. Which is why to me they key is less about profit but about benefit. If I have a coin I can use even when I cannot profit,,, that is my benefit:)

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August 14, 2019, 07:46:15 PM
 #55

I really like the 5th point. For myself, I was able to clearly understand that the cryptocurrency market provides us with opportunities for earnings with
a periodicity of from a month to one year. Moreover, very often we notice such opportunities too late, but this is exactly what can bring us profit.
I would also recommend holding part of the assets in Bitcoin.

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labuan
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August 14, 2019, 09:21:50 PM
 #56

Note: This is not about how to identify good coins to HODL
This is about how you can be a good long term holder

1. You must have another source of income
Either in crypto space or outside crypto space you must have other source of income,there was a time when i used to rely on coins i hold for monthly income but most time they failed me because some altcoins takes more than a month to add value. You can learn trading or find a better job to get constant income for your daily needs.

2. Not all altcoins are good for long term holding
Some altcoins are too weak to have better value overtime,these coins only add value to price once in a blue moon,WHY?because the power of demand is too low and they have no working product,i belief that working product is what makes a coin have many more investors

3.HODL Only Altcoins With Real Use Case
There are different categories of coins with use cases,many use case are weak use case,for example using fashion  designer to back a token is a weak use case to me because it means you can only use the token to buy the designer wears and many will call this a real use case? no it wont do very well.
Make sure that the real use case of every altcoins you hold will be very reasonable,the products backing them up must be something that is different and will catch the eye of investors,the usefulness  must be outstanding .

4. Stay Updated Always
Opportunity comes but once as many know it,so always stay updated about crypto,read crypto news online and keep tracks on your altcoins so that you wont miss future updated or even token swaps,some altcoins i hold have already switched to MainNet and im glad i dont missed the opportunity,you can use blockfolio app to track your altcoins.

Altcoin season is what many are waiting for,even new projects are waiting for altcoin season to return before they get listed on exchanges,im sure of one thing and that is good things dont come easily,today is bitcoin turn to reign and one day altcoins will have its day as well.

of course i agree with you, and i think if you want to invest your money on long term, you have to know what project of the asset you invested. And if you believe for the project and the team, just invest your money and be patient for profit.
andika2018
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August 15, 2019, 03:36:12 AM
 #57

Those things are really important if you hodl any coin. First of all, we have to choose the correct coin to hodl. Because there are so many coins in the coinmarketcap. We have to choose really good coins to hodl for long term. The own research is a really important thing before long term investment. The next thing is to keep in touch with future updates. If you hodl a coin, you have to keep in touch with future updates. because some projects have mainnet launch, token swaps etc. The updates help to sell your coins correct time with a profit.

Yes,,, everybody knows we have to choose the "correct coin" to hodl but that is the problem! There is no way to know the correct coin other than Bitcoin. With every single alt it is a gamble and no way to tell correct coin from wrong ones. Which is why to me they key is less about profit but about benefit. If I have a coin I can use even when I cannot profit,,, that is my benefit:)

It's hard to determine which altcoin is able to last for the long term. But in my opinion the top 5 coinmarketcap can be our reference if we want to invest altcoin for long term. Top 5 in coinmarketcap describes liquidity and transaction volume which is quite safe because of the large amount and value
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August 15, 2019, 04:00:30 AM
 #58

One of the best ways to prepare for long term holding is to read and research more about the coin of interest. This will help the investor to know the potentials and capabilities of the coin and based on the road map, the investor may know how long to hold.

bitcoinposts
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August 15, 2019, 05:21:54 AM
 #59

Long term hodl means we need update on news and developments on time to time bases so that we can hold and do short term trading on news happening
10BTCaDay
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August 15, 2019, 05:45:57 AM
 #60

One of the best ways to prepare for long term holding is to read and research more about the coin of interest. This will help the investor to know the potentials and capabilities of the coin and based on the road map, the investor may know how long to hold.
the roadmap doesn’t help you figure out how much time we need. the roadmap is just a guide. Market Makers will tell us about market conditions and development time  Grin

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