How to prepare for long term HODL

[GideonGono]

I think what needs to be prepared when we are going to invest long term is patience and also emotional stability. Price movements in the market are very fast moving, without patience and emotional stability, we will easily panic and be able to sell our tokens at low prices. In my opinion, the best way to buy tokens or coins that interest us and store them in our own wallet and forget about it for several years

If you want to forget when investing, you should only choose some safe coins like Bitcoin for long term investment and will greatly reduce your risks in the near future. At this point, any investment should be considered multiple times and the downtrend in recent months has made things more difficult to predict. One way or another, you must always manage your assets the best because if that coin is not able to rise well, your profits will be greatly reduced.

Currently, I recommend holding for at least 3 years and if during that time you cannot make a profit then you should give up and switch to investing other coin.

Three years is a very long time and would be a lot riskier with some other cryptocurrency other than Bitcoin, Ethereum and other major players in the market. I think you can hold it for thy amount of time as long as you keep track of the news about the developments because there are projects where it turns out dead with no updates. I would strongly suggest Bitcoin just to play safe even if you just leave it for many years to come with hardly reading any news about it and you’ll find yourself on the winning side.

[plast555]

For long term investment, always hodl Bitcoin is the first rule.

And then about your statement: "You must have another source of income" absolutely right. You need to create other outcomes to maintain your daily life and savings.

Don't put all eggs in the same basket. Invest in some other cryptocurrencies other than Bitcoin. Ethereum, EOS, BNB is one of these.

[swivel1983@gmail.com]

Yes, to keep long their coins need to have very large patience. This strategy is not suitable for everyone, because while holding a coin, you can make many mistakes due to lack of patience or nerves.

[Visbay]

I agree with the statement that not all altcoins are on long-term detention. because only a few altcoins are good for long-term hold. we must be really smart and careful in analyzing a coin before we plunge into it

in the long term, it is better to choose altcoin with a developer who actually runs, for example, ethereum, xrp, waves, litecoin, xmr, crpt, pundiX, etc.,
we must know whether the project is active or not, if you buy BCH, or Doge for the long term I think you have to think two times 

For long term holding, I only like to use bitcoin as bitcoin is the best coin which gives profit for holding and with the passage of time price increases so we can sell our coins at high price. This is all about the time of purchasing so we should buy only if the price is low in the market. We should try to buy a red market so when it will rise we will gain profit.

[Bonenx14]

Yes, to keep long their coins need to have very large patience. This strategy is not suitable for everyone, because while holding a coin, you can make many mistakes due to lack of patience or nerves.

preparing research is the beginning before starting investment, if you already have research that you think is strong then you will be confident in holding. always make a few plans because when an investment runs there are usually a few mistakes and therefore at least two plans are needed

[Oneandpure]

Yes, to keep long their coins need to have very large patience. This strategy is not suitable for everyone, because while holding a coin, you can make many mistakes due to lack of patience or nerves.

preparing research is the beginning before starting investment, if you already have research that you think is strong then you will be confident in holding. always make a few plans because when an investment runs there are usually a few mistakes and therefore at least two plans are needed

Searching about which one altcoin to invest is most important keys where we know with altcoin partner and group before investing, many altcoin not have distributed and partner with real product company and make price keep lower, we have check how many company adopt some altcoin for investing there, without have any company maybe looking other project is better than keep invest whit shit coins.

[soramon]

Also you should ignore all the rumors out there it can distract you. A man with a huge patiance can hold for a long time & i think choosing a safe coins is a good option. There are few stable coins right now. If im going to hold i will choose that stable coins.

[bohr]

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.

this is the top priority as a long-term holder, I see many people holding altcoin but they don't have other jobs, I work as a trader and also work part time sometimes every profit and income that I buy little by little altcoin that I want to invest in the long term

my advice for holders is better not to hold altcoin for too long if you just hold and wait especially you don't work at all to get other income

Holding altcoins for the long term most of the time is not a good idea, I know that someone will come and point out how you could have bought ethereum for a cheap price and be a millionaire now but that is an exception, if you had bought any coin other than ethereum then you could have lost all your money as well, the safest path is to hold only bitcoin and do your best to increase the amount you are holding by buying more of it whenever you have a chance.

[soulripper]

The best way to prepared  is by start collecting top coins that can live long like bitcoin or ethereum. Start saving it and you might be surprise what will happen after a long time collecting this coins.  Do not pick a new token as ut was very risky to fall down so quickly. Better do some research before invest something and good luck to you.

[zahed]

Thanks for the describing very easily which is everyone can able to understand. I concern with your first point because it's very realistic. Without another source of income you will never survive to holding in cryptocurrency. Because there are no guarantee you can make profit in the specific deadline and all of the cryptocurrency isn't enough liquidity for the long term investment.

[BeginToMine]

The best way to prepare for long term Hold is by first checking on project working products and road MAP, check on the team wether they are really real, check the social handles, check exchanges where the coins are trading with your research you will dictate fake and real projects and projects for long term HODL

[Kiefner]

I agree with your points. Although hold is a fairly simple strategy, but still not everyone can correctly apply it. So you're completely right.

[PLATO]

For long term investment, always hodl Bitcoin is the first rule.

And then about your statement: "You must have another source of income" absolutely right. You need to create other outcomes to maintain your daily life and savings.

Don't put all eggs in the same basket. Invest in some other cryptocurrencies other than Bitcoin. Ethereum, EOS, BNB is one of these.

You're right. This market is not so easy to survive because the downtrend during the past few years is causing a lot of tired investors and some people have left this market this year. I think it is necessary to have a new investment strategy and currently Bitcoin is the safest investment that people should consider more. During this time there are not many good options for investors so it is best to just hold Bitcoin.

[Faxmate]

Also you should ignore all the rumors out there it can distract you. A man with a huge patiance can hold for a long time & i think choosing a safe coins is a good option. There are few stable coins right now. If im going to hold i will choose that stable coins.

Or much netter would be to not believe in them and do some research to find the truth on your own. This is the biggest problem of people nowadays. They do not work hard or try to achieve their goals on their own. Relying on others for one’s own success makes no sense at all. Crypto currencies are beneficial when they are unstable. Stability kills their benefit producing trait. Besides, there is no risk in investing in bitcoin.

[lunnatic]

Also you should ignore all the rumors out there it can distract you. A man with a huge patiance can hold for a long time & i think choosing a safe coins is a good option. There are few stable coins right now. If im going to hold i will choose that stable coins.

Or much netter would be to not believe in them and do some research to find the truth on your own. This is the biggest problem of people nowadays. They do not work hard or try to achieve their goals on their own. Relying on others for one’s own success makes no sense at all. Crypto currencies are beneficial when they are unstable. Stability kills their benefit producing trait. Besides, there is no risk in investing in bitcoin.

if you think there is no risk it's wrong !, why? because Bitcoin is still unknown what the future will be like,
we have to prepare for whatever happens, working as a cryptocurrency trader is very fun and I can't leave it behind,
if you intend to make it long-term make sure the money you make investments is meaningless to you

[adamin1i]

There are a few altcoins I plan to buy for my long-term portfolio. but they need more time. I also think that without BTC there is no long-term investment portfolio.

[Ken_terrance]

Also you should ignore all the rumors out there it can distract you. A man with a huge patiance can hold for a long time & i think choosing a safe coins is a good option. There are few stable coins right now. If im going to hold i will choose that stable coins.

Or much netter would be to not believe in them and do some research to find the truth on your own. This is the biggest problem of people nowadays. They do not work hard or try to achieve their goals on their own. Relying on others for one’s own success makes no sense at all. Crypto currencies are beneficial when they are unstable. Stability kills their benefit producing trait. Besides, there is no risk in investing in bitcoin.

if you think there is no risk it's wrong !, why? because Bitcoin is still unknown what the future will be like,
we have to prepare for whatever happens, working as a cryptocurrency trader is very fun and I can't leave it behind,
if you intend to make it long-term make sure the money you make investments is meaningless to you

For long term hodl bitcoin is still safer compared to other coins because bitcoin runs in the mouth of the public more and its the grand daddy of crypto, its ATM is all over well known places too, the most successful digital currency till date is bitcoin, hands down

[andika2018]

Also you should ignore all the rumors out there it can distract you. A man with a huge patiance can hold for a long time & i think choosing a safe coins is a good option. There are few stable coins right now. If im going to hold i will choose that stable coins.

Or much netter would be to not believe in them and do some research to find the truth on your own. This is the biggest problem of people nowadays. They do not work hard or try to achieve their goals on their own. Relying on others for one’s own success makes no sense at all. Crypto currencies are beneficial when they are unstable. Stability kills their benefit producing trait. Besides, there is no risk in investing in bitcoin.

if you think there is no risk it's wrong !, why? because Bitcoin is still unknown what the future will be like,
we have to prepare for whatever happens, working as a cryptocurrency trader is very fun and I can't leave it behind,
if you intend to make it long-term make sure the money you make investments is meaningless to you

I agree that all cryptocurrency at exchangers is risky including Bitcoin because there is no clear regulation of Bitcoin as an investment or as a medium of exchange. Maybe Bitcoin or some good altcoin and can be used as digital investment, but indeed to invest long term, we need to be prepared with all the risks

[freedomgo]

I strongly agree not all altcoins are good for long term durability.

Indeed because as per analysis, majority or like 90% of the altcoins has no future, it could be either they are just scams or the team are not really capable on developing the project, we got fooled by their good roadmap or whitepaper but the team is not that reliable.

So I myself hold altcoins for long term such as ETH, LTC, BCH, Dash, BNB, XLM and XRP. I waited for a moment like the price on 2017.

All the coins you've posted are good altcoins and personally I am holding that too in my wallet and i am confident that despite of the struggle until now they will survive in the long run.

[supercanada1]

Also you should ignore all the rumors out there it can distract you. A man with a huge patiance can hold for a long time & i think choosing a safe coins is a good option. There are few stable coins right now. If im going to hold i will choose that stable coins.

Or much netter would be to not believe in them and do some research to find the truth on your own. This is the biggest problem of people nowadays. They do not work hard or try to achieve their goals on their own. Relying on others for one’s own success makes no sense at all. Crypto currencies are beneficial when they are unstable. Stability kills their benefit producing trait. Besides, there is no risk in investing in bitcoin.

if you think there is no risk it's wrong !, why? because Bitcoin is still unknown what the future will be like,
we have to prepare for whatever happens, working as a cryptocurrency trader is very fun and I can't leave it behind,
if you intend to make it long-term make sure the money you make investments is meaningless to you

For long term hodl bitcoin is still safer compared to other coins because bitcoin runs in the mouth of the public more and its the grand daddy of crypto, its ATM is all over well known places too, the most successful digital currency till date is bitcoin, hands down

Even after a decade, thinking bitcoin to be some risky investment is like a tasteless joke. The doubt made some sense back in the days when nobody was investing in bitcoin or wanted to hold it. The price was too low, available in pennies. But now, just look at the current price of the coin during the dip. It is still the most expensive asset. Digital currencies are the future of money and top coins are not scam at all.