How to prepare for long term HODL

[tabas]

what is the name of altcoin that you now believe in and save for the long term ?, I myself only have waves,
I bought it at $ 2, and now the price of Waves drops below $ 1, this makes me feel insecure

Don't feel bad about that. The highest for waves was almost $16 and it's very far to that point. Be glad that you haven't bought it at that price because there's a tendency that it can go back to that price and pump once again.
While you're holding it, you haven't lost anything but if you start selling it that would be the time for you to lose.

[barnes13]

what is the name of altcoin that you now believe in and save for the long term ?, I myself only have waves,
I bought it at $ 2, and now the price of Waves drops below $ 1, this makes me feel insecure

I think you don't need to worry too much about that. I also hold some Waves Token, although at this time many of the alt prices are falling but they will not be like that forever. I'm sure there will be many opportunities for them to rise and shine again at the right time. And, so far the technology that waves use is quite innovative and they have a real use case on their tokens.

[kravas86]

Long-term investment should be confident. There is no stable cryptocurrency on the market except bitcoin. Now most projects can deceive their community by selling a large number of their coins and thus underestimate the price. And this box likely outcome of the event. Invest in bitcoin and just wait . It is desirable that you have a main place of work or learn blockchain programming. Then you will always have the means to live and continue investing. Bitcoin is eternal in contrast to all altcoins.

[Ss4sukE]

another source of income? maybe for me like daily trading in this industry, I only do this option besides investing in big coins or investing long term. and don't miss about updating every portfolio that I have.

[Nnuego]

Hodling altcoin for long term is pretty cool but you ought to have another source of income than been full dependant of crypto to provide your daily needs. It takes some altcoin years before they can be able to increase in price, you shouldn't stay broke while waiting for the price to increase. Having a spare job will help you not to feel frustrated about the volatile nature of altcoin price

[Roidz]

another source of income? maybe for me like daily trading in this industry, I only do this option besides investing in big coins or investing long term. and don't miss about updating every portfolio that I have.

The purpose of other income might be interpreted if we have a source of funds from other jobs (salary), so that when we experience financial difficulties, we will not sell the bitcoin / altcoin that we have been holding, because from my personal experience, I will sell the assets that I have even though the price is cheap to be able to cover the needs of funds right away, so if we have other financial sources, of course, it will protect the assets that we have invested.

[BeginToMine]

To me I feel hodling has to do with decision and before one makes such decision to hodl he or she should make proper research to avoid tokens dumping on him or her as it's not everyone that has good road map to his or her project and not all with road map execute it. A team with good product will always make good plans for their projects while some can abandon it and move to another Project, so if you meet this kind of coins you will definitely weep but best to hodl to me are bTC, ETH, LTC BCH XRP etc they have been there since old and are still waxing strong which shows team are up and doing but not newly launt platforms without a good usecase which sole arms are to steal from hunters. Initially I do think securit projects are the best and would make waves in blockchain but what I am seeing from some issnt really what one should totally invest for long. I will appreciate we do proper research before hodling for long term. And while hodling for long, always have two things in mind, it .ight dump or moon but best you take your mind off it at that moment till your expected time.

[biddicoin]

in the end of the text, i agree with that. altseason what we are waiting for and i believe it would happen again inthe future

i myself prefer to wait that beside lost much money to trade in this shit season, many coins are falling right now

after alseason is coming, it's easier to hold even you dont have to be smart enough to find good coins

[enhu]

in the end of the text, i agree with that. altseason what we are waiting for and i believe it would happen again inthe future

i myself prefer to wait that beside lost much money to trade in this shit season, many coins are falling right now

after alseason is coming, it's easier to hold even you dont have to be smart enough to find good coins

History repeats itself.  That's what they always say.

It could be next year, next 2 years or maybe even 10 years from now who knows what could happen. But for now, nothing is left to do than just keep trading. Holding your coins will not make them grow. If the coin you hold spikes, sell and then move on to another coin that just drop to its knees and wait til it spike again.

[gabmen]

in the end of the text, i agree with that. altseason what we are waiting for and i believe it would happen again inthe future

i myself prefer to wait that beside lost much money to trade in this shit season, many coins are falling right now

after alseason is coming, it's easier to hold even you dont have to be smart enough to find good coins

History repeats itself.  That's what they always say.

It could be next year, next 2 years or maybe even 10 years from now who knows what could happen. But for now, nothing is left to do than just keep trading. Holding your coins will not make them grow. If the coin you hold spikes, sell and then move on to another coin that just drop to its knees and wait til it spike again.

The more knowledge about the coin, the better your chances are of making good results. So basically it's all about your research and study about which coin would be good to hold or trade with. I don't have any problems with hodling, i even prefer to hold at times especially since i don't have a great history in making day trades. The coins that I've held for a few months though have yielded good results. As you've said, history repeats itself, one way or another. So try to stick with coins that have pretty much established themselves already like those in the top 10 or top 15.

[huige007]

altcoin will always be decreased and increased. there will always be a decrease and increase over time create a unique crypto trading gains and losses for altcoin indeed follow bitcoin until now. altcoin enough to survive when XRP prices are falling not too strong when the price of Bitcoin below.

That's normal for those traders who manage decrease and increased for buying and selling coins for all altcoins you can see on the market.

Volatility is usual of digital market. Crypto currencies are famous for their volatile nature. The value increases and decreases from time to time. But this is the whole reason why people are able to make money out of crypto currencies. The more a coin is volatile, the higher will be profits produced. Like you said, for old players, this is not anything new and they are capable of tackling this situation easily.

[ashmodeus]

oh come on boys , the basic plan for long term hodl is simple .
1. buy bitcoin
2. stay away from internet .
3. enjoy your day life without have connection to crypto industry/world.

it if u treatening bitcoin as a gold.
--
i didn't see any good coins for long term hodl except btc so far.

[Sebas.tian]

In my opinion for a long hold, you should only use what you have in surplus as an investment. Bitcoin is the best investment cryptocurrency for a long term,  this has been proven far back in 2016 when I first bought my starsh and hold till 2017 when I made some good dollars. Long-term investment is good in bitcoin only.

[Kvalentine]

Since 2018 almost all altcoins released since then are bad, many of them are bad for longterm hold and looking at the price today they already down over 90 percent, this means most of these coins are bad, if any one wants to invest in altcoins for long term hold its better to go for coins that are created before 2018

[adamin1i]

I started to do this research myself. I think to invest in long term. and I need to find a few more altocins besides bitcoin. I'll make up my mind after researching some of the more beautiful projects and technologies available.

[093421231@hunter]

I agree with you. We should have a separate revenue outside of alt because it is not known whether they will increase or decrease sharply in the future. I had a hard time because I only invested in alt without any other source of income and didn't know how to sell it on time. Updated information about alt is essential

[Russlenat]

I agree with you. We should have a separate revenue outside of alt because it is not known whether they will increase or decrease sharply in the future. I had a hard time because I only invested in alt without any other source of income and didn't know how to sell it on time. Updated information about alt is essential

That's a wrong technique in investing, at least you should find a job so you will have another source of income.
Investing in altcoin is not a typical type of investment where you can expect a return regularly and in short time, we are investing in a high risk investment if we are talking about crypto and with that, there is no assurance when are we going to be profitable or if we are going to be profitable.

[Lexurdania]

I agree that when we are preparing for a long term hold, we must have another income and not use borrowed money. Long term investment requires patience and also requires time which can be very long so that if we use money that we can afford to lose, then we will be calmer and not easily panic

[Cekerula]

the problem is because the crypto industry is free, financially free for anyone who wants to take part in it, good people & bad people are always around us. so, there is no guarantee for your security, only you alone can determine your destiny here.

[gensol]

Staying updated always should come first. Altcoins gets delisted every now and then keeping up with exchange and project announcement is key to surving. I also wish to add another strategy

Have small portfolio you can easily manage
Assume the worst can happen at any time