Romeotom
Member
 Offline
Activity: 814
Merit: 20
|
 |
April 12, 2020, 07:28:32 AM |
|
Stay holding because if you haven't other skills like trading mining, if you want long time holding then no need worry next news because this time more cheap price every coins. So do like best coin and take hold long-time hopefully you will makes good profitable.
|
|
|
|
|
Ronyx
Member
Offline
Activity: 525
Merit: 10
|
|
April 12, 2020, 03:54:42 PM |
|
I like point 1, that for long-term hold, of course we need to have another income to meet the needs, and if we don't have income and are cornered by the need, of course we will think of selling.
|
|
|
|
|
kaneki007
|
|
April 12, 2020, 04:09:30 PM |
|
In my opinion, if you want to hold for long term, you need to have a clear goal and a stable mentality. The current market is not stable and the price may collapse anytime soon, and you need to be mentally stable so as not to panic sell during this period.
It is very heavy if you want a long-term investment because the risk of price drops suddenly can happen at any time, and also do not be too greedy maybe if it is enough (within 2-3 years) to get a large profit then it is better to sell immediately. And also maybe FUD is very influential in this regard, it's better to avoid it and believe if the invested project will bring profit. |
|
|
|
tvplus006
Legendary
Offline
Activity: 2310
Merit: 1668
To the Moon
|
|
April 12, 2020, 04:43:02 PM |
|
Holding a coin for a long time to get a profit is much easier than trading. Trading takes a very long time, and in addition can lead to nervous breakdowns. But in order to hold the coin for a long time, you will need another source of income that will allow you to address your weekly needs.
|
|
|
|
|
pixie85
|
|
April 12, 2020, 07:58:01 PM |
|
some good suggestions mentioned here i think in case of wallets and especially if you are looking to hodl for long term then paper based wallets are good choice. Also always keep a backup at a separate location and try to password protect or encrypt the storage where you save your wallets.
You can make those so called paper wallets by engraving steel plates which makes them almost indestructible. I wouldn't go that far though. There are far easier and still very safe ways to store your coins like using 2 different offline hard drives or a hardware wallet and an sd card. Chances that both of them get destroyed at the same time are pretty low. The most important in my opinion is your mindset. |
|
|
|
|
|
MUG1WARA
|
|
April 12, 2020, 08:07:37 PM |
|
I totally agree with all the statements you made and for number 2 I just add that everyone is more careful in choosing altcoin because most altcoins only have crap which will then die in the future
|
|
|
|
Teinkle
Newbie
Offline
Activity: 19
Merit: 0
|
|
April 13, 2020, 08:00:14 AM |
|
Totally agree with you
The only thing I want to emphasize is number 3
3.HODL Only Altcoins With Real Use Case
There's no better tip than this one, people and devs write some beautiful whitepaper, launch a coin and try to sell to another people, but they can't asnwer the simple question: What problem you coin will solve?
They only want to lauch a coin, not solve anything, so it's not valuable in a future
What you're saying is true, the best coin to hold at the moment are those coin with real use cases and with big supportive community, i invested in one of the best blockchain project in space the https://ilcoincrypto.com/ which i can say is one of the best altcoin to hold for long. |
|
|
|
|
Starfranko
Jr. Member
Offline
Activity: 672
Merit: 1
|
|
April 13, 2020, 09:08:06 AM |
|
Staying updated always is the main hodl strategy. Many projects have migrated to its own blockchain of recent and some persons have been left behind during these migration. If you want a long term hodl, hold few tokens you can always monitor their development progress.
|
|
|
|
|
|
Russlenat
|
|
April 13, 2020, 09:22:31 AM |
|
Staying updated always is the main hodl strategy. Many projects have migrated to its own blockchain of recent and some persons have been left behind during these migration.
You are correct because I have experience this kind of scenario where I was left behind on the update and I lose the value of my token as there was a deadline, so I learn a lesson from that on not holding a lot of coins/tokens. If you want a long term hodl, hold few tokens you can always monitor their development progress.
I do hold major coins like Bitcoin, ETH, and BNB because these are the coins I believe will dominate in the future. And it's easy to update on these three as they are popular, lots of article will show when there is a changes or an update. |
|
|
|
|
SacriFries11
|
|
April 13, 2020, 09:33:19 AM |
|
Staying updated always is the main hodl strategy. Many projects have migrated to its own blockchain of recent and some persons have been left behind during these migration. If you want a long term hodl, hold few tokens you can always monitor their development progress.
It's very important to select the right altcoins to hold for long term in the market and not all can survive for huge drop of bitcoin. It's difficult to hold altcoins for long term and sometimes it will test you if you're going to sell it or not so in order to support and not be able to sell you're coins, you need a consistent income to support it. I'm holding altcoins that are platform connected or have a crypto exchange, I believe that it will be safer to hold rather than other platform in the market. |
|
|
|
Eplus_Team
Jr. Member
Offline
Activity: 42
Merit: 3
|
|
April 13, 2020, 11:33:51 AM |
|
You have a good point . All we know that long term hold is risky so we should be knowledgable and think well the kinds of coin that we will hold because there are lot of coins that are easy to die so be carefull. We need also an extra income because our coin or capital will be like an sleeping giant it will be like your time deposit that you want for the right time to encash. And the most important thing is to be updated because all we know that the crypto price is move quickly so we need to monitor it to know when to sell your coin.
|
|
|
|
|
bussybuddy
Full Member
Offline
Activity: 1190
Merit: 105
Enterapp Pre-Sale Live
|
|
April 13, 2020, 11:56:29 AM |
|
In my opinion, we should choose the best altcoins in this market for long-term investment. It is the most important job in investing, and if you choose the bullshit projects to invest, I believe you will quickly lose and collapse in this market.
|
|
|
|
maruf01788
Member
Offline
Activity: 938
Merit: 11
|
|
April 13, 2020, 01:56:39 PM |
|
I agree with you. Research and patience is must needed for hold or investment. All of Alts coin are not perfect for long term holding.so need deep research where investor/holder wants to invest /hold his Money.
|
|
|
|
|
|
Spaffin
|
|
April 13, 2020, 04:49:22 PM |
|
I agree with you. Research and patience is must needed for hold or investment. All of Alts coin are not perfect for long term holding.so need deep research where investor/holder wants to invest /hold his Money.
In any case, you need to adjust your portfolio based on the results of a cryptocurrency market research. But it is best to invest in those cryptocurrencies that do not raise doubts about their future prospects. Undoubtedly, Bitcoin and Ethereum are leaders among the most sought-after assets for investments, But if you make a choice in favor of other altcoin, then I would prefer to choose only those coins in which societies will be interested and which will be really used by certain companies, resources and people. One way or another, the strategy for the long-term storage of their assets applies to all cryptocurrencies. |
|
|
|
Lucifer1010
Jr. Member
Offline
Activity: 384
Merit: 1
>•❤️•<
|
|
April 15, 2020, 12:26:37 PM |
|
Staying updated always is the main hodl strategy. Many projects have migrated to its own blockchain of recent and some persons have been left behind during these migration. If you want a long term hodl, hold few tokens you can always monitor their development progress.
Agree.. especially if you want to hold altcoin from new project do not miss any update from the project. But, i suggest hold only major altcoin. i'm holding only from top 25 in CoinmarketCap. |
|
|
|
|
|
Divinespark
|
|
April 15, 2020, 02:43:55 PM |
|
Staying updated always is the main hodl strategy. Many projects have migrated to its own blockchain of recent and some persons have been left behind during these migration. If you want a long term hodl, hold few tokens you can always monitor their development progress.
Agree.. especially if you want to hold altcoin from new project do not miss any update from the project. But, i suggest hold only major altcoin. i'm holding only from top 25 in CoinmarketCap. Only long-term investments should be made for the top altcoins in this market. If you hold a new altcoin in this market, it is suicide. A lot of altcoins have collapsed in this market and I know a lot of people are losing money trying to invest in them. The price of those altcoins has dropped 50-100 times in just a few months or a year, it's really scary to invest in new altcoins. |
|
|
|
Kong Hey Pakboy
Member
Offline
Activity: 1120
Merit: 68
|
|
April 15, 2020, 03:28:49 PM |
|
Staying updated always is the main hodl strategy. Many projects have migrated to its own blockchain of recent and some persons have been left behind during these migration. If you want a long term hodl, hold few tokens you can always monitor their development progress.
Agree.. especially if you want to hold altcoin from new project do not miss any update from the project. But, i suggest hold only major altcoin. i'm holding only from top 25 in CoinmarketCap. Hodling a new project will be difficult because even you are updated or you don't miss any updates from the project, you are still not sure if the coin that you are holding will have a good value in the future or it is legitimate, that is why if you want to hold a good altcoin you better choose from top altcoins because for sure it has a potential to have a good value in the future. |
|
|
|
|
SyndicateLabs
|
|
April 15, 2020, 03:31:06 PM |
|
I agree with you. Research and patience is must needed for hold or investment. All of Alts coin are not perfect for long term holding.so need deep research where investor/holder wants to invest /hold his Money.
Depending on the types of altcoins we hold. If we hold altcoins in the top 10 coinmarketcap, I think we do not need to worry too much, in the long run its price will certainly go up because these are the leading altcoins in this market. But if we hold altcoins outside of the top 10, I'm not sure what their future is because in the past 2 years I've seen so many bullshit altcoins die and become a scam. |
|
|
|
|
lancelot18cryp26
Jr. Member
Offline
Activity: 45
Merit: 1
|
|
April 15, 2020, 04:02:39 PM |
|
Hold all the coins with a good product and a trusted team. Their time will come...
|
|
|
|
|
casperBGD
Legendary
Offline
Activity: 2156
Merit: 1151
Nil Satis Nisi Optimum
|
|
April 15, 2020, 04:17:13 PM |
|
Hold all the coins with a good product and a trusted team. Their time will come...
agree, first thing is usability, since it is needed for a project to solve one or two issues that are bothering people to be successful, but also project need to have good team, that will do development and find investors, for all that good plan is essential and that plan and roadmap shall be followed as much as possible, for a project to be successful, if the development is slow, then other projects will push that one in background with faster development |
|
|
|
|
|
