Pterosaur (OP)
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April 07, 2022, 08:40:02 AM |
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Is it true that its wrong to hold coins for many years and never look back? Someone said coins can die in just two years, they can also lose demand and hype under a year, so how do one hold with zero worries?.
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Upgrade00
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April 07, 2022, 08:45:37 AM |
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What "coin" are you talking about? When investing, you need to do your own research on what you plan to buy, this involved knowing how it works and how to secure it. Long-term investment involves holding for a couple of years or much longer, but this would only apply to assets which have actual value and which would be able to hold that value. Majority of coins in the crypto market now do not have actual value and would be valueless in two years or less, but some have held their value for 10+ years and is still growing. so how do one hold with zero worries?.
• Do your research, • Buy, (You can DCA) • Store in a secure wallet • Back up your seed phrase, • Hodl.
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NeuroticFish
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April 07, 2022, 08:53:05 AM |
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Is it true that its wrong to hold coins for many years and never look back? Someone said coins can die in just two years, they can also lose demand and hype under a year, so how do one hold with zero worries?.
The short history of crypto coins has shown that: * many altcoins lost most of value or disappeared within 2-4 years * Bitcoin investments use to need at least 3 years of holding to make sure you're on actual profit. So, if you ask about apples and oranges without specifying more, you may get a salad, but no proper answers. And strongly consider the checklist from the previous post if you start investing.
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Tamedbeast
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April 07, 2022, 08:55:24 AM |
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Understand the risk and invest only what can afford to lose, this will erase any possible worries of losing the coin to devaluation someday, have a monitoring app so that if any pump happens you will take profit, don't lock away and miss any future ATH.
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Oshosondy
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April 07, 2022, 09:00:01 AM |
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Is it true that its wrong to hold coins for many years and never look back? Someone said coins can die in just two years, they can also lose demand and hype under a year, so how do one hold with zero worries?.
It is true to some altcoins, but not true to some coins (high marketcap coins). Like bitcoin, there is nothing bad to hold it for at least 4 years, hold it for 10 years or for life time, it's value is increasing. Some people are now having some of their retirement savings in bitcoin because they know how valuable it is. It will be good to know that dealing with altcoins is like gambling.
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btc_angela
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April 07, 2022, 09:01:59 AM |
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Is it true that its wrong to hold coins for many years and never look back? Someone said coins can die in just two years, they can also lose demand and hype under a year, so how do one hold with zero worries?.
Depends on which 'coin' you are going to hold long term. If this is what we call a shitcoin or meme coin, then chances are this are going to die because they are just pure hype. And because they don't have a use case, they will be just used for pure pump&dump. But if you invest on solid coins like Bitcoin, there is a big possibility that it can multiple if you are going to hold them for at least a year or two or wait till the next bull run.
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pooya87
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April 07, 2022, 09:32:39 AM |
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You shouldn't even bag hold altcoins for 2 hours let alone 2 years. They all dump sooner or later because of a wide range of reasons but mainly uselessness. Even the biggest and most popular shitcoins such as ETH has been dumping against bitcoin for years. The only reason why they have some $$ gains is because bitcoin price went up.
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sunsilk
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April 07, 2022, 09:36:45 AM |
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Is it true that its wrong to hold coins for many years and never look back?
Why it had been wrong? I've seen the latest news about a wallet that has mined 50 bitcoins for one of the very first blocks. So is it wrong if somebody does that? Well, it's millions worth now. Someone said coins can die in just two years, they can also lose demand and hype under a year, so how do one hold with zero worries?.
It can die if you have held the wrong crypto. That's the essence of that opinion if it's about holding. You have to choose the best cryptos so that your holding would make sense.
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Beparanf
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April 07, 2022, 09:40:16 AM |
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You shouldn't even bag hold altcoins for 2 hours let alone 2 years. They all dump sooner or later because of a wide range of reasons but mainly uselessness. Even the biggest and most popular shitcoins such as ETH has been dumping against bitcoin for years. The only reason why they have some $$ gains is because bitcoin price went up.
The volatility on altcoins is surely much greater on Bitcoin that doesn’t they are useless. Actually they are the most useful blockchain in crypto because of its dapps. Don’t get me wrong, I love holding Bitcoins and Bitcoin has the huge percentage in my portfolio but I earn most of my profit on this recent bullrun after 2 to 3 years of holding on blockchain project such as Ethereum, BSC and Matic. They are now have thousands of dapps that contributing huge volume in crypto market and innovates the use of blockchain in our daily lives.
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Dillonhebist
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April 07, 2022, 09:59:15 AM |
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When you make your research and invest in the right coins that has a standard global Crypto market cap such as Bitcoin, Etherume, BNB, Tether ADA XRP Solana Litecoin and so on Then you have zero worries. Especially when you invest in BTC you have nothing to worry about.
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ANSEL_2.0
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April 07, 2022, 10:12:54 AM |
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Is it true that its wrong to hold coins for many years and never look back? Someone said coins can die in just two years, they can also lose demand and hype under a year, so how do one hold with zero worries?.
The thing is when altcoins reach a new ATH they will retraced a new ATL as well that's why you need to monitor the market, at least monitor BTC, assuming BTC hit 50,000$ go straight to your wallet and check your holdings, Altcoins always do so well when BTC is pumping, to avoid missing selling at ATH is why that person warned you.
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aysg76
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April 07, 2022, 10:14:09 AM |
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Is it true that its wrong to hold coins for many years and never look back? Someone said coins can die in just two years, they can also lose demand and hype under a year, so how do one hold with zero worries?.
You can see there are thousands of coins listed on coinmarketcap so what specific coin you plan to hold on for years needs to be clarified before giving any suggestions to you. But there is simple mechanism of holding bitcoin and altcoins as there are two categories only so if you are into first category then surely you could hold btc for years without having fear and become dormant for years in order to gain higher profits.You must have heard about people gaining good amount of profits within 2-3 years of patience holding.You can check the history charts and will find out if you have invested few years back then you would be having good amounts. For example if you take into consideration investing in bitcoin back in 2017-2018 period when it was around $19600 and at today's level we are at $45k down from $68k ATH but still you would be in profit.So you see the clear and broader picture of long term bitcoin holding. But if you're planning to have your bag filled with some altcoins as most of them are shitcoins then the suggestions on my personal experience are leave them or don't go long term on them as it won't be beneficial at all.You can get idea from the picture that top-10 coins on CMC has been shifting but btc always remain the king with high volatility also.Most of them are pumped and then dumped by whales because they have no real utility so what's the purpose of holding coins like doge or Shiba? Musk will take them to the moon is old rumours and not going to happen so don't trust these coins at all. You shouldn't even bag hold altcoins for 2 hours let alone 2 years. They all dump sooner or later because of a wide range of reasons but mainly uselessness. E
The people invest in them under some influence while seeing them rise for some time without going in detail that these coins have no utility so what's going to derive their value in future but later on most of the people loose funds and only the whales and shitcoin masters make the actual profits.Have seen people making lame excuses that btc is expensive and they can't invest in it as if stacking sats is not at all possible.We can give them advice rest all is dependent on their personal viewpoint and how deeply they understand bitcoin.
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mk4
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April 07, 2022, 10:15:28 AM |
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Do you really need to ask such advice if you're actually confident with your holdings? Because if you're having doubts and you're being restless — then you're probably over-invested, regardless if it's bitcoin, a great stock, or whatever shitcoin.
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Rruchi man
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April 07, 2022, 10:28:46 AM |
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Someone said coins can die in just two years, they can also lose demand and hype under a year...
Someone said? sounds like a case of someone sharing their personal experience, the person who said it should have been a little more specific with the kind of coins he meant, bitcoins or altcoins. The statement is both false and correct at the same time. False that if you hodl bitcoins, it's demand may reduce particularly, True that if you hodl altcoins, it's demand may reduce as well and you may run at a loss. You need knowledge to make profits from hodling Altcoins, if you hodl blindly, you stand a higher chance loosing. so how do one hold with zero worries?.
Hodl Bitcoins and set targets so you don't get distracted by any news.
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passwordnow
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April 07, 2022, 10:41:34 AM |
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so how do one hold with zero worries?.
Buy bitcoin and leave it for years and you'll have no worry with it. That's the best option that you can do to have worry-free with holding. I've been holding for a few years and that didn't leave me any worry at all. Being knowledgeable with the crypto you hold will reduce the worry you have if you're for holding. This isn't the game for those who have been overthinkers and have to think at most times with their holdings. Just leave it there for good and it will eventually grow over the years.
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Franctoshi
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April 07, 2022, 10:53:06 AM |
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Is it true that its wrong to hold coins for many years and never look back? Someone said coins can die in just two years, they can also lose demand and hype under a year, so how do one hold with zero worries?.
To hodle with zero worries or in peace you need invest in quality projects, that will stand the test of time, in areas of security, problem solving , future growth , deflationary and store of value. Another way is by taking out profits or your intial investment capital when you realize growths and gains or when your portfolios gets doubled in price, this will mostly give you a peace of mind your looking for.
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Rockstarguy
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April 07, 2022, 11:13:20 AM |
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Is it true that its wrong to hold coins for many years and never look back? Someone said coins can die in just two years, they can also lose demand and hype under a year, so how do one hold with zero worries?.
It depends if the coin is a shitcoin then it is wrong to hold it for a very longtime , that is why it is so important to make proper research when investing to be sure how reliable a coin is. Their is nothing wrong to hold coin like bitcoin for a very long time because it is most reliable cryptocurrency to hold. Before planning to buy a coin it is necessary to ask some questions and make research if the coin is what investing on and if it reliable.
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Doan9269
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April 07, 2022, 11:15:08 AM |
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Is it true that its wrong to hold coins for many years and never look back? Someone said coins can die in just two years, they can also lose demand and hype under a year, so how do one hold with zero worries?.
We have many investors in crypto circle and are doing pretty good, the first question to ask is what coin do you want to invest in, this is the major determinant of how effective is the result you're going to get at the end, we have many coins which are regarded as shitcoins because their project is unrealistic. That's why you see people investing on coins that have good reputation base on their past projects and the developers behinds it also matters, we all know that bitcoin is of no doubt worth investing on as it is not just a project anymore but a successful digital currency, we have Ethereum which is the second, among others, but your success is now a determinant of how effective your research is about other coins altcoins. Why they said some coins die after a year is as a result of failed projects, scammers, and the real intent of the developer of the coins (shitcoins). The level of your research before investing on a project is very important and this makes alot of people fall into the trap of fake and unrealistic projects due to lack of knowledge.
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Taskford
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April 07, 2022, 11:23:58 AM |
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Is it true that its wrong to hold coins for many years and never look back? Someone said coins can die in just two years, they can also lose demand and hype under a year, so how do one hold with zero worries?.
For you to avoid getting worries about your bought coins better delete all the price tracker you have, stop visiting cmc to check the price regularly and create separate wallet for your hodl coin so that you will forget about your holdings if you aim those for long term. But make sure save your private key offline or write it up on your notebook so that by the time you want to see how those coins go in future you can still open and easily dispose if the price pump.
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lovesmayfamilis
Legendary
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April 07, 2022, 11:42:21 AM |
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What can guarantee the future in our time? I think absolutely nothing. This is not only the storage of coins, these are generally any plans. But when it comes to cryptocurrencies, if you have a weak mind that makes you worry about any market change, start with bitcoin. Just ask how many cases there were when people who invested in bitcoin received big pluses after a few years. Stick with it for five years, and of course do auto-training, constantly repeating to yourself that everything will be fine. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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