Digital asset is for holding

[traderethereum]

Holders are majorly  the most rewarded investors in this space. Imagine the people that bought shiba earlier this year without selling till ATH, well they could as well be on retirement. I saw massive profit forgetting some coins in my private wallet, knowing when to take profit maters too.

If they can sell the coin at the right time, they will make a lot of money and retire from crypto while enjoying their profit.
But if they still hold without having a target when they should sell their coin, that will not be good because they only hold without knowing what next thing to do.
If that coin has a good future, you can buy and forget the coin while you do not watch the price move.
It happens to those people who have bitcoin on their computer and they are shocked seeing bitcoin price now is at the high price that they do not imagine.

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[Argoo]

Before thinking of investing in any sector what one considers is how long you are willing to hold. Let's take the history down to how investment all began. Moving from the era of Real estate to stocks to metals to oil blocks and now digital assets we would agree those who made it big in all this investment options were those who had the patience to hold.

This kept me wondering why one would even think of investing if they don't have the patient to hold. If you can't develop the hold attitude then the best option is to do a physical business where you can monitor your profit and see them come in regularly. If it must be crypto then you must be willing to hold and wait

It is unlikely that we should all adhere to this point of view. Cryptocurrency is not intended to be a store of value, but that is, in essence, a repository of digital financial assets. It is primarily a means of payment. If you think of cryptocurrency only as a storage, then it will cease to develop and ultimately cease to be profitable. Cryptocurrency should be developed in many ways, but above all as an alternative means of payment to the current payment system.

[Darker45]

It depends on your goal really. There are those who are investing with short term to medium term time frames. Others are investing with long term time frame in mind. Although it also depends on which particular kind of business you are investing in. There is also the factor of patience or tolerance and other emotional aspects on the part of the investors. But the best way, of course, is to diversify investment not just in terms of types or kinds but also in terms of time frame or maturity.

Even in crypto, it is not advisable to just stick to long term investment. If it is Bitcoin, it is all right. But what if we're talking about altcoins? Obviously, some of them are good for long term, some medium, and some very short term like those very short-lived hyped coins.

[sunsilk]

Considering crypto as the asset that everyone wants to hold. It's not just through holding one can profit. There are traders which are also the same as the other markets like stocks, flipping websites, and real estate properties.

It's just that holding and being patient is easy for those who have tried to invest in the markets that are for the patient people. Also, those investors that are holding, know what they're doing and have done their research before putting their money on it. As for us, we've experienced several upsets in the crypto market thus, it taught us to be patient.

[lovesmayfamilis]

The word "must" in the OP's post is clearly redundant. Nobody owes anything to anyone. And for each person, digital assets are only a personal matter. I spend bitcoins when I need this or that thing. I have a hobby that I can spend money on regardless of whether my investment grows or not. I like the moment to be "now".
Therefore, telling someone that digital assets need to be stored and held is too self-confident. Everyone has their own views on what wealth is.

[Skinny48]

Digital assets is indeed for holding but not everyone are in a fit position to hold even if they want to, I've been in this space for years now and I can say that you need to be prepared financially to hold coins and tokens successfully for a long period of time, you have to have job secured first, I mean enough to carry you on, then you will hold with ease

[iv4n]

Digital assets is indeed for holding but not everyone are in a fit position to hold even if they want to, I've been in this space for years now and I can say that you need to be prepared financially to hold coins and tokens successfully for a long period of time, you have to have job secured first, I mean enough to carry you on, then you will hold with ease

That's the point ... not everyone is in a position to save anything! Before putting aside anything of value, we must be financially able to do so! Only financially secured people, with income from more sides can invest further in digital or any other assets and hold them for a long period of time! I guess longer we can hold more benefits we can get, but there's no holding if we are short with money every month!

[davis196]

Before thinking of investing in any sector what one considers is how long you are willing to hold. Let's take the history down to how investment all began. Moving from the era of Real estate to stocks to metals to oil blocks and now digital assets we would agree those who made it big in all this investment options were those who had the patience to hold.

This kept me wondering why one would even think of investing if they don't have the patient to hold. If you can't develop the hold attitude then the best option is to do a physical business where you can monitor your profit and see them come in regularly. If it must be crypto then you must be willing to hold and wait

This seems like oversimplification to me.
Capitalism isn't always about buying an asset and holding that asset for years,while doing nothing and waiting for the asset value to increase while getting some dividends/rent/interest from that asset.
Capitalism is supposed to be more about building a functional business,making consistent profits and growing that business.
You have to have the some skills required,into order to know when will be the right time to act,in order to increase your wealth,rather than simply holding a financial asset and waiting passively for profits.
This is essential for both the fiat capitalist world and the crypto trading/investing world.
Capitalism/investing/trading is more rewarding towards people,who are active and energetic,rather than the people,who are passive and patient.

[Coyster]

Digital assets is indeed for holding but not everyone are in a fit position to hold even if they want to, I've been in this space for years now and I can say that you need to be prepared financially to hold coins and tokens successfully for a long period of time, you have to have job secured first, I mean enough to carry you on, then you will hold with ease

I second that, and that's the more reason why people are advised to only invest what they can afford to lose, and not put into crypto, or any investment whatsoever, the funds that they need to get things done in real life, such moves could prove too costly as such individual could have no choice but to sell their assets even when they have made no profits or even made loss. To be honest, personally I would not advise anyone to hodl anything, it is a personal decision, one that an individual must only make after he or she has assessed his financial situation and personal income, in as much as assets/investments can produce profits, it can also bring losses, as a result of that one must be cautious before investing or hodling too long.

[justdimin]

Digital assets is indeed for holding but not everyone are in a fit position to hold even if they want to, I've been in this space for years now and I can say that you need to be prepared financially to hold coins and tokens successfully for a long period of time, you have to have job secured first, I mean enough to carry you on, then you will hold with ease

I second that, and that's the more reason why people are advised to only invest what they can afford to lose, and not put into crypto, or any investment whatsoever, the funds that they need to get things done in real life, such moves could prove too costly as such individual could have no choice but to sell their assets even when they have made no profits or even made loss. To be honest, personally I would not advise anyone to hodl anything, it is a personal decision, one that an individual must only make after he or she has assessed his financial situation and personal income, in as much as assets/investments can produce profits, it can also bring losses, as a result of that one must be cautious before investing or hodling too long.

Honestly I can totally understand that. I haven't been working as much as I used to, hence I am not making as much as I used to, but at the same time being able to say that I still paid off every single bill I had to and have a very tiny debt which I will easily pay by the end of the month (literally just 110 dollars, nothing at all) shows me how great crypto is. I have no financial burden even after the most financially brutal part of my life, and I still came out greatly.

So, yes it is hard to hold crypto sometimes, but at the end of the day what is the point of investing if you are not going to live decently when you face problems? If crypto is never sold, then you never made any profit at all, sometimes you need to sell and pay for some stuff, even if you do not sell all of your crypto, selling just a small portion and seeing those profits helping your life get easier and better helps people get motivated even more.

[dbc23]

Digital assets is indeed for holding but not everyone are in a fit position to hold even if they want to, I've been in this space for years now and I can say that you need to be prepared financially to hold coins and tokens successfully for a long period of time, you have to have job secured first, I mean enough to carry you on, then you will hold with ease

That's the point ... not everyone is in a position to save anything! Before putting aside anything of value, we must be financially able to do so! Only financially secured people, with income from more sides can invest further in digital or any other assets and hold them for a long period of time! I guess longer we can hold more benefits we can get, but there's no holding if we are short with money every month!

Most times we don't just hold because it's convenient. Life is all about risk and sacrifices and ones the big picture is placed ahead of any investment plan one might decide to hold even longer just to save for the rainy day. Many investors who earn big today made heavy sacrifice that weren't convenient at all

[Botnake]

Digital assets is indeed for holding but not everyone are in a fit position to hold even if they want to, I've been in this space for years now and I can say that you need to be prepared financially to hold coins and tokens successfully for a long period of time, you have to have job secured first, I mean enough to carry you on, then you will hold with ease

That's the point ... not everyone is in a position to save anything! Before putting aside anything of value, we must be financially able to do so! Only financially secured people, with income from more sides can invest further in digital or any other assets and hold them for a long period of time! I guess longer we can hold more benefits we can get, but there's no holding if we are short with money every month!

Most times we don't just hold because it's convenient. Life is all about risk and sacrifices and ones the big picture is placed ahead of any investment plan one might decide to hold even longer just to save for the rainy day. Many investors who earn big today made heavy sacrifice that weren't convenient at all

I think success comes from sacrificing your time, money and effort. In crypto, you can't hold a coin successfully for a long period of time if you won't be sacrificing your capital. So at least you have another source that can generate an income, then you will be at ease holding your coin for quite long and you won't be easily affected by all means of dumps because you know you are going to sell once the coin reaches its ATH.

However, its not only holding digital assets becomes profitable today. If you look deeper in the crypto space, there are a lot of means to make an income. Just suit yourself so you will be comfortable working in it.

[btc78]

Before thinking of investing in any sector what one considers is how long you are willing to hold. Let's take the history down to how investment all began. Moving from the era of Real estate to stocks to metals to oil blocks and now digital assets we would agree those who made it big in all this investment options were those who had the patience to hold.

This kept me wondering why one would even think of investing if they don't have the patient to hold. If you can't develop the hold attitude then the best option is to do a physical business where you can monitor your profit and see them come in regularly. If it must be crypto then you must be willing to hold and wait

Because of the Spreading Rumor that this market can make one person a millionaire in one night . I mean there are many people that I come to talk that they heard of Bitcoin and also some altcoins that can bring them bright future in short time while the truth is?
this is the very risky investment and you may become rich but you can also become more poorer if you don't know how to deal correctly.

Most times we don't just hold because it's convenient. Life is all about risk and sacrifices and ones the big picture is placed ahead of any investment plan one might decide to hold even longer just to save for the rainy day. Many investors who earn big today made heavy sacrifice that weren't convenient at all

totally agreed on this, but of course we have already seen some people that did not capable of Holding yet turns becoming richer because they have had lucky enough to choose a GEM in this market.

[Finestream]

Before thinking of investing in any sector what one considers is how long you are willing to hold. Let's take the history down to how investment all began. Moving from the era of Real estate to stocks to metals to oil blocks and now digital assets we would agree those who made it big in all this investment options were those who had the patience to hold.

This kept me wondering why one would even think of investing if they don't have the patient to hold. If you can't develop the hold attitude then the best option is to do a physical business where you can monitor your profit and see them come in regularly. If it must be crypto then you must be willing to hold and wait

Investing into digital assets aren't really suitable to be the main source of income, except if you also do trading even if it's daily or weekly then that should meet your daily expenses and needs to survive. The idea of investing into cryptocurrencies is good but it should be only used as a hedge against inflation and use to make good compettitive profits while holding it. Just like stocks and real estates, it requires patience and understanding because not everyday will be a good day for everyone and that includes you. I think the best way is to have a decent main source of income and invest in other atleast 3 choosen sectors to invest with including cryptocurrencies.

[Reid]

Easy to say, difficult to achieve.
When one is updated with the current events about cryptocurrencies, holding it needs a lot of restraint. I started during 3 digits of Bitcoin and I won't be a hypocrite to say I didn't sell some because I did. When you see something is profitable, the urge is there to sell it especially when you are in need.
Even for those who can afford their daily needs that urgency to sell is a big test. If you want to buy something like for hobbies or new clothing then who will stop you from taking what you feel is your own achievement.
But yes, years ago I learned the lesson and I want to witness if I am not late for that.

[Peanutswar]

Some people don't want to hold their assets because it took over a year before taking profit in the economy like real states and stocks it took over a month before getting feel the profit but in cryptocurrency, in just a day or a week you can see the outcomes of your hold but for me its good to make an investment as early as possible because no one knows what will happen to those we hold. Still better to make a time allotment to make a research to the thing we would like to invest. Knowledge is the most ideal investment to win.

[michellee]

People right now do not have patience as you said and they need fast money so they tend to sell when they see a profit. If they can see that holding crypto needs a strong hand to hold for some time, they will make a big profit from crypto because crypto can help them to earn a lot of money.

They think that investing in crypto will be the same as stock, real estate or other types of investment. Only some people have a will to learn more about investing in crypto and those people will succeed in the crypto and make a lot of money.

[stadus]

People right now do not have patience as you said and they need fast money so they tend to sell when they see a profit. If they can see that holding crypto needs a strong hand to hold for some time, they will make a big profit from crypto because crypto can help them to earn a lot of money.

They think that investing in crypto will be the same as stock, real estate or other types of investment. Only some people have a will to learn more about investing in crypto and those people will succeed in the crypto and make a lot of money.

It's hard to hold for a long time if you are eager to see profits every time you see chances to make profits. Holding is only good for those who have enough funds to cater for daily survival, but for most of us that are also struggling to earn money, then holding digital assets for long may not be possible. But if we strongly believe that there is huge amount of profits from long term holding, i think sacrificing for some time will all be worth the wait.

However, if you really find it hard to hold because you are also run out of budget, then short term trading is also good and profitable especially if you know how to manage the risk.

[FanEagle]

Before thinking of investing in any sector what one considers is how long you are willing to hold. Let's take the history down to how investment all began. Moving from the era of Real estate to stocks to metals to oil blocks and now digital assets we would agree those who made it big in all this investment options were those who had the patience to hold.

This kept me wondering why one would even think of investing if they don't have the patient to hold. If you can't develop the hold attitude then the best option is to do a physical business where you can monitor your profit and see them come in regularly. If it must be crypto then you must be willing to hold and wait

It is not all of us here are that are doing the same thing. While some of us believes that it is best for us to hold the assets that we have bought, there are also those who think that it is best for them when they are just buying it to sell it again immediately. There are long term investors and there are also short term investors or traders , and all these people are all needed for the growth of the market, you wouldn’t say that any is better than the other, they are all important.

As for me, what has been working out for me long in the market is Hodling, and that has been the method I have chosen. Short term trading is not an easy thing for anyone to do and is quite risky.

[teosanru]

Before thinking of investing in any sector what one considers is how long you are willing to hold. Let's take the history down to how investment all began. Moving from the era of Real estate to stocks to metals to oil blocks and now digital assets we would agree those who made it big in all this investment options were those who had the patience to hold.

This kept me wondering why one would even think of investing if they don't have the patient to hold. If you can't develop the hold attitude then the best option is to do a physical business where you can monitor your profit and see them come in regularly. If it must be crypto then you must be willing to hold and wait

It's not about the patience, for most people it's about the daily volatility in crypto which they find too lucrative, they think because the market moves 5-7% easily each day it's just a cakewalk to make 5% each day which means in a month they can easily triple their money if they buy sell at correct points while holding might take them years to give such sort of returns. This mentality leads them to this vicious circle of buying and selling instead of just holding it.