Holding 5 years a just a imagination

[oemar bakrie]

just a figure of speech, saving coins for too long requires a high level of patience and must also have the right predictions, because every time it will definitely change..

[iTradeChips]

If you are going to ask me, the main reason one can wait for 5 years is because he has the means to live for the next five years, and he has the money to invest and leave in the system for 5 years. Maybe it might be too long to wait, but I believe many of the supporters of Bitcoin might have waited until the time Bitcoin hit $60,000 before they decided to cash out some of their Bitcoins. I bet they must be millionaires by now. Anyway those who can wait then carry on and be fruitful when the time comes.

[husdemba]

This market has some realities. If you don't trade at the right times, you'll always come back. I make this mistake a lot and always lose big in the bear market. We may enter a bear market right now so we have to be careful. After 5 years, I hope we all reach our dream goals.

[junkerr]

This market has some realities. If you don't trade at the right times, you'll always come back. I make this mistake a lot and always lose big in the bear market. We may enter a bear market right now so we have to be careful. After 5 years, I hope we all reach our dream goals.

for the long term do not gamble by investing in new projects. not necessarily they can survive in the market in the next 5 years.
if you choose a project that has developed, it might be the best choice. because even though the price will not match our plans. at least we can still trade assets.
I think choosing investment with target price planning is better than timing planning. both risky but I prefer to determine the selling price. even though it has been achieved in just a matter of months, I will still sell it. no need to wait for 5 years which is not necessarily our price target is achieved at that moment.

[Fivestar4everMVP]

5 years being too long to hold a coin depends on the coin you want to hold or currently hodling, The NEM coin which op used as an example is not a very popular coin to me, not everyone know it even exist, but if we use bitcoin and Ethereum and binance coin as an example, those who bought btc and eth and BNB 5  or less years ago and still held it till now are already in huge profits even with the recent market crash.
So holding a coin for 5 years is not a bad idea, but one thing people must understand is that, it's not every coin that's meant to be held that long, there are coin that it's foundation are very solid and this type of coins can be held for this long, but for others, they are to be held from 6 months to 1 years, others 1 year to 2 or 3 years depending on how solid the project is.

[xSkylarx]

Been into crypto since 2016 so I can say hodling for 5 years is not an imagination. A portion of my btc earnings here from signature campaigns goes to my non-custodial wallet where my plan is just to hold it until I am not able to work anymore. I am not sure if it will still have value by the time I retire but holding btc is very different from altcoins. Altcoin's development depends on the developers so holding only good altcoins like eth or bnb is good for the long term while holding low cap altcoins is a risk because their development is not continuous and most often the devs behind that leave it in the long run.

[Golftech]

5 years being too long to hold a coin depends on the coin you want to hold or currently hodling, The NEM coin which op used as an example is not a very popular coin to me, not everyone know it even exist, but if we use bitcoin and Ethereum and binance coin as an example, those who bought btc and eth and BNB 5  or less years ago and still held it till now are already in huge profits even with the recent market crash.
So holding a coin for 5 years is not a bad idea, but one thing people must understand is that, it's not every coin that's meant to be held that long, there are coin that it's foundation are very solid and this type of coins can be held for this long, but for others, they are to be held from 6 months to 1 years, others 1 year to 2 or 3 years depending on how solid the project is.

That's how important knowing which type of project are you holding, that 5 long years have a lots of

challenges you'll see many price movements, it's up to your good  analysis to sort it out and entrust your

money in that long span of time, though with Bitcoin and ETH those long 5 years are very profitable to those

who still holding their assets.

[tabas]

just a figure of speech, saving coins for too long requires a high level of patience and must also have the right predictions, because every time it will definitely change..

And you also need to be firm with the coins you've bought to be held for a long time. Because aside from patience, without having that firm decision that you'll hold it for a long time, you'll eventually sell it even before hitting the year target that you've set.

This market has some realities. If you don't trade at the right times, you'll always come back. I make this mistake a lot and always lose big in the bear market. We may enter a bear market right now so we have to be careful. After 5 years, I hope we all reach our dream goals.

You need to strategize when you trade, bears or bulls, if you commit a mistake then you have to learn from it.

[tabas]

You need to strategize when you trade, bears or bulls, if you commit a mistake then you have to learn from it.

Yes, mature strategies can reproduce opportunities in gaining profits, but when our strategy fails, we must learn what makes us fail so as not to repeat again.

Just learn from that failure or mistake that you've done and you'll realize on which part of the actual strategy you did you have to correct. It's like a trial and error and that's always be the case for traders. There's no easy success, trader or holder and both of it takes risk.
And if you think that there's a need to change, then you have to change your strategy at all.

[SophiaZ]

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?

 

Regarding myself, I'm hodling all my cryptocurrencies forever, there is no selling on my side. Those digital currencies are the future, if you think good why would you sell?

[Nrcewker]

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?

 

Altcoins are never meant to be holding for long term according to me.
And if you still want to try your luck, then unfortunately you will face losses only.
Op you have already shown us a clear example, how a coin can keep you bankrupt.
So yes, holding coin for 5 years of long term will only be an imagination.
Better try to trade daily and different varieties of coin.

[bitterguy28]

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?

 

Regarding myself, I'm hodling all my cryptocurrencies forever, there is no selling on my side. Those digital currencies are the future, if you think good why would you sell?

FOREVER? lol don't fool everyone here because there are no such thing .

Even those early adopters  gone sold their coins when the price increased Hugely .

[TWW]

Altcoins are never meant to be holding for long term according to me.
And if you still want to try your luck, then unfortunately you will face losses only.
Op you have already shown us a clear example, how a coin can keep you bankrupt.
So yes, holding coin for 5 years of long term will only be an imagination.
Better try to trade daily and different varieties of coin.

very reasonable. especially with altcoins that are not popular in the market, it will be very easy to lose and regret investing in the long term.

I myself prefer short-term investments of 5 months-1 years. It also depends on the asset I choose. as well as day trading, sometimes our inability to choose assets makes it difficult for us to do day trading. but if we can do it, it is very easy to make a profit by day trading.

[Xinarae*]

You need to strategize when you trade, bears or bulls, if you commit a mistake then you have to learn from it.

Yes, mature strategies can reproduce opportunities in gaining profits, but when our strategy fails, we must learn what makes us fail so as not to repeat again.

We have to go ahead with the plan to learn the techniques it will be much easier to avoid risks and increase your knowledge and skills if you go ahead with the plan by doing soil research. It is not a fantasy to invest in the right currency it is possible to make a profit with long term investment.

[aioc]

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.

You let your greediness make a decision for you, it's ok for Bitcoin because whenever it goes down it always goes up again, but when it comes to other coins we cannot compare it to Bitcoin and there's a possibility that it will not go up again if it goes down one example of this is Tron been holding Tron for years but until now it failed to break it's an all-time high, even in a bull trend.

[carrigan]

it is undeniable that not all coins have good prospects for long-term holding or long-term investment like btc. maybe some will be lucky to hold but some can lose, so it is important to choose a really good coin to invest by researching it first. I also have some coins that I still have and I hope the price will go up. a lot of new coins that appear and make the old coins that are not so good even worse. the crypto market is indeed risky if we can't manage our assets properly so i will be more careful.

[South Park]

Developments in blockchain technology are quite fast, every project must be able to keep up with existing developments otherwise they will be left behind even with new projects, as is currently the trend with DEFI, then every project that follows will grow rapidly while those that do not follow will stagnate even decreased. So we must continue to pay attention to the development of the project we are investing in.

And that is what makes holding for so long so difficult if you are investing in one of those new coins, the market moves extremely fast if the developers are not able to keep up then a coin that once was considered to be the very best and at the edge of the technology suddenly is completely outdated, which is why the developers are so important when it comes to the long term value of a coin, because if they are not dedicated and take too long to update the code then the value of the coin will most likely plummet at some point.

[RokokGudangGaram]

Developments in blockchain technology are quite fast, every project must be able to keep up with existing developments otherwise they will be left behind even with new projects, as is currently the trend with DEFI, then every project that follows will grow rapidly while those that do not follow will stagnate even decreased. So we must continue to pay attention to the development of the project we are investing in.

And that is what makes holding for so long so difficult if you are investing in one of those new coins, the market moves extremely fast if the developers are not able to keep up then a coin that once was considered to be the very best and at the edge of the technology suddenly is completely outdated, which is why the developers are so important when it comes to the long term value of a coin, because if they are not dedicated and take too long to update the code then the value of the coin will most likely plummet at some point.

That is indeed true, and honestly it is difficult to see such situations coming. Not only the projects itself must be then look upon but also the consideration of how developers are working for the project. In doing so, progress and incompetency could be somehow observed.

[7788bitcoin]

And that is what makes holding for so long so difficult if you are investing in one of those new coins, the market moves extremely fast if the developers are not able to keep up then a coin that once was considered to be the very best and at the edge of the technology suddenly is completely outdated, which is why the developers are so important when it comes to the long term value of a coin, because if they are not dedicated and take too long to update the code then the value of the coin will most likely plummet at some point.

It is true that if the team is slow in the development, people will move on as there are other interesting projects that could come up with updates and pump the market. I know many projects in the past failed to gain attention after the initial hype because they were really slow in coming up with updates and development and eventually people will move on to other investment opportunities.

[jesselui]

I do not know the future of altcoins, but coins such as bitcoin, BNB, ETHEREUM, DOT, ADA are very promising. Therefore, it seems quite logical to invest in such coins in a long period of five years.