How to prepare for long term HODL

[Pamadar]

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.

As long as you've done proper research and you really trusting the project developers, those top alts from CMC have a higher chance to bring profits once bitcoin start to pumped high, based from all those past market movements, alts who are listed from top 10-20 spot also rallies up whenever bitcoin gained strength, most of those projects are tailing bitcoin so make sure if you are planning to invest for long term holds to have targets and keep your goals in place.

[Wildwest]

I totally agree with the explanation that you say, because to do long-term hold we do have to prepare well, and the points that number four that we always have to note because if not do update then all the coins that we hold will disappear, then at any time we have to abdate the latest info about crypto so we are always safe.

[silversurfer1958]

Yes, that's what holders need. especially big capital. The majority of holdings fail because the holder does not have enough capital to cover the cost of living. That led to frustration and not wanting to hold anymore.
Therefore, before holding, we need to have a large capital and thoroughly research the business to always have a great faith in it. That's the secret I learned from Warren Buffett.

[Talk to Transformer]

The best long-term investment strategy is understanding the investment cycle.

Short-term gains help you realize your long-term goals.

Stay focused on our mission, value propositions and brand.

Keep your growth fun.

Test out new ideas, learn from your peers and new experiences.

Be open-minded and have fun while learning new things.

Accomplish your own goals, it's as simple as that.

[Jateng]

I totally agree with the explanation that you say, because to do long-term hold we do have to prepare well, and the points that number four that we always have to note because if not do update then all the coins that we hold will disappear, then at any time we have to abdate the latest info about crypto so we are always safe.

We must prepare with some instances that will affected us along the way like we must sell our holding in order us to buy our necessities. Sometimes real life situation will give us reason to sell it not the current market situation. The list is very useful for long term investment and I totally agree with it. Some projects are not really connected in real use and those projects are easily to failed. Projects without any updates for their products will not trust by the investors and they will sell it quickly.

[ife2020]

I believe i have an addition.
after selecting altcoin projects with a reak use case, there is a need to evaluate the tendencies of the use case being a success.

You need to dyor and figure out if it is going to be achieved or its just remain an audio juse case that will never be launched.

[Malam90]

I am agree with first point. If i have another source of income other than crypto, it is only then possible to hold long term. Maximum coins are worthless for longterm. Only real and top coins are long term worthy. Staying always updated is a good way for trade either short term or long term trade or hold.

[irixo10]

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.

This is good, and I wish to say something on point  2; point 2 is the truth as well because most new altcoins which are based on another blockchain most of the times swaps to another blockchain or to their own blockchain. This shows that those holding and weren't aware of swapping will only end up lossing their tokens. Also, point 3 is true, most projects today don't have any use case and holding them will only result in terrible losses. Therefore, it is wise to be able to study the blockchain space so as to carefully pinpoint projects with good use cases.

[Vishnu.Reang]

Please define "long term HODL". When you talk about "long term", how many years do you have in your mind? I am sure that none of the users would be keeping their coins for eternity. At some point of time, all of us will be converting our coins and tokens to fiat cash, or Bitcoin. So please specify the threshold, which would qualify for "long term" in your opinion.

[greenlanternlight01]

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.

right on. the perfect coin to hodl are we speak are the coins with real use cases and technological development that can help the ecosystem for the long term. ilcoin is one of them and i suggest that you check it out too.

[DDante]

I'd advise to never buy new coins the day they are released into the market because not all new coins survive this days, many new altcoins have rubbish use cases that aren't needed, if you want to hold new altcoins wait and see how they perform first

[Zazzu]

I agree with you that in order to have a long-term hold, we need to have another source of income. Because many events will happen and if we have no other source of income then we have to sell our altcoin even though the price is falling. In addition, choosing an altcoin for long-term hold is also important. If we choose shitcoin and hold, I believe we will fail and lose all our investments

[KenshinKen]

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.

I totally agree with this two options. Choose some good altcoins which has a lot of upcoming event for the future. Also, always stay updated with the news, read some articles, channels, etc. You can also hook up at coin market calendar.

[killerfrost]

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.

I totally agree with your opinion, we need to do research before deciding to hold altcoins. Only hold the top altcoins in this market and those altcoins must have products. In addition, we should monitor them regularly because altcoins can die at any time

[GelsoAM]

This is true, Some of these I din't follow which resulted me almost liquidating my wallet. It's important to pick the right coin to HODL. Not all coins are the same, Knowing the coin's worth and their future goals will increase your chance of profiting on the coin. So just be aware on the coins you should hold and not.

[pragna]

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.

Very good article for those who want to hold their Wealth like ETH, BTC or any other altcoin. Specially update is very important that maximum time we did not. If anybody hold a token he must check that token management telegram or website always and at the same time the exchanger in which its trading. Because sometimes tokens delisted from exchanger as their contract. So be careful everybody.

thanks.