Holding 5 years a just a imagination

[lienfaye]

the issue is the timeline you are giving and failure to take profit when it shows. most people just want to make alot of money from little. your hold dream should be with profit taking also. dont overlook profit because you want to hold for more years.

Taking profit at times are a wise thing to do even you plan to hold for long period. I often say whats the point of holding if you dont enjoy your earnings? We never know what lies ahead regardless if the coins that you currently hold are well-established or has potential to have a drastic growth in the future. Still, the future is uncertain thus dont forget to take profit while keep on holding.

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[timerland]

This is why diversification is important?

You don't want to just be bagholding one or two coins that could completely destroy your long term position if they fail - you want to be holding 10, 20 coins that are well established/have good prospects across multiple usage cases.

NEM also suffered a historical failure, which is part of the reason why its price is suppressed.

[livingfree]

Holding for 5 years is a lot of time. I do not think I can do that and I can not advice anyone to do that either not even with bitcoin. 5 months is okay to hold a coin and then sell it or take out your capital first. We have witnessed coins which was top get to lose market patronage and then drop down to have little or no value afterwards. Holding a coin for that long will not mean you can make better profit from it. Sell when you have the opportunity to do that.

Well, if you can't, you're surely do it if you see those coins that you have are increasing in value. My tip to you is just don't sell all that you have.

When you're about to sell, do it in many times. Don't sell all in one time but if you're selling, do it with little and little so that you'll still have to hold some. 5 years is quite long for those that might not be in crypto for years but you'll be able to see the future on that long if you're optimistic on the cryptos you hold.

[lenovop-70]

This depends on the adequacy of your daily cash needs, if for daily is enough, it is possible to hold it 5 years or even more.
I also still have old coins sitting in the corner of my Ethereum wallet, almost 4 years there, not selling any of them because the price is still low.
so holding for a long time is very possible, depending on the adequacy of your daily needs.

[sulendra12]

we keep the coins at least 5 years , but its too long imagination.  you can proof it. 2018 early NEM coin was top 6 Marketcap now 56. so keeping its useless. we have to updated everytime and get the action the correct time and exit.

Or just search the good coins to begin with like Bitcoin and Ethereum.
5 years are a long damn ass time to hold especially in this cryptocurrency world. You stated in 2018 so everything was just a hype back then and if the project is not being known by the community then it's just pointless.

Also do make sure you have another income source to back up those investment in case you need it urgently, because you don't know what you expect in 5 years.

[Fredomago]

we keep the coins at least 5 years , but its too long imagination.  you can proof it. 2018 early NEM coin was top 6 Marketcap now 56. so keeping its useless. we have to updated everytime and get the action the correct time and exit.

Or just search the good coins to begin with like Bitcoin and Ethereum.
5 years are a long damn ass time to hold especially in this cryptocurrency world. You stated in 2018 so everything was just a hype back then and if the project is not being known by the community then it's just pointless.

Also do make sure you have another income source to back up those investment in case you need it urgently, because you don't know what you expect in 5 years.

It's best to have other sources of funds when aiming for long-term investment, it's easy to allow the cycle that keeps happening inside the market, if you dedicated your money for long-term investment, it should stay there no matter what the market comes up, not in a daily basis but better setting your target.

The statement about changing paces is true, and that coin is a good example of a project who cannot compete in the long run. Unlike with BTC and ETH it's been proven by time.

Make sure to go deeply with an asset that you are eyeing to invest your money. The more understanding you have, the more trust you can spare.

[Valak]

we keep the coins at least 5 years , but its too long imagination.  you can proof it. 2018 early NEM coin was top 6 Marketcap now 56. so keeping its useless. we have to updated everytime and get the action the correct time and exit.


Now i think bear market is going on , so holding for 4,5 years just a imagination. specially i have to say that TOP 5 coins , we must keep  most probebly they will surpass the All time high again.

what all your perspectives?

 

Not all coins have the same fate as you say. Indeed NEM coin in 2018 with the highest price is $2. But the highest price on a bull run this year was $0.8. This means that the NEM coin is experiencing a major setback. In 2018 the number of coins in the exchange was not so much as it is today. So that the bullrun of certain coins gives a high value. However the bull run in 2021 puts 3x value on certain coins, such as Bitcoin, Ethereum, BNB and others. These are the coins that have had a 2018 bull run along with NEM coins. This means that holders still have a positive impact, but not for all altcoins.

[superman184]

we keep the coins at least 5 years , but its too long imagination.  you can proof it. 2018 early NEM coin was top 6 Marketcap now 56. so keeping its useless. we have to updated everytime and get the action the correct time and exit.


Now i think bear market is going on , so holding for 4,5 years just a imagination. specially i have to say that TOP 5 coins , we must keep  most probebly they will surpass the All time high again.

what all your perspectives?

I think it all depends on what coin you are holding, if the coin has good prospects it will be profitable. on the other hand, if it has a bad prospect then it is meaningless, and I think also keeping the coin for 5 years is long enough and for the coin, the prospect of the coin should be seen whether it is good or not. It's hard to accept the fact that I've been holding an old coin and it hasn't paid off because I feel that way too and it stresses me out a bit. but you don't need to think too far and for now you should focus more on good coins and follow legit projects so that the results are also good, maybe that's all from me.

[budi12]

we keep the coins at least 5 years , but its too long imagination.  you can proof it. 2018 early NEM coin was top 6 Marketcap now 56. so keeping its useless. we have to updated everytime and get the action the correct time and exit.


Now i think bear market is going on , so holding for 4,5 years just a imagination. specially i have to say that TOP 5 coins , we must keep  most probebly they will surpass the All time high again.

what all your perspectives?

 

I also agree with those who hold for five years will definitely guarantee big profits. This can be understood by the growth that has occurred with various cryptocurrencies in the past. To date, users who have persisted for several years have made huge profits from cryptocurrencies. I continue to advise my friends to save little by little and take profits with a long-term focus.

[Baimovic]

Since Bitcoin was launched the movement happening in Crypto is almost always the same every year and if we look back it is very valuable to keep coins for long term especially for 5 years period but we have to be more careful when the time is. good time to buy coins That's because for long term plans, we buy coins at low prices so we can hold them for a long time.