Holding Cryptos for Ten Long Years

[gunhell16]

I think holding them for 10 years is a way yoo long dude, due to that you can earn several times if you do it in a short term way trafing rather than in long term holdings in my own opinion only.
And this is already proven and tested as well.

[vegasus]

Ten years for a cryptocurrency is a very long time. We don't know what will happen to decentralized cryptocurrency in another ten years.

10 years isn't too long time if your target is a long-term investment. But yes, most people invest less than 5 years, many people prefer a short-term holding for their coins/tokens. The reason is they don't want to take a bigger risk for holding more than 5 years. Because 5 years above is a long time and there should be many changes as you think above.

[Speaker]

The cryptocurrency market is very dynamic and what was a top coin today may cease to exist tomorrow.This is important to understand when you invest.

[Condorlaib]

Don't worry guys. Unlike stocks, bonds, and real estate, crypto assets are unlikely to be affected by rising interest rates.

[mohdelayo]

Right now i only trust and believe in the long term sustainability of 3 major coins, particularly Bitcoin, Ethereum, BNB and Matic. These are to myself the sure digital gems that holding them could make me super rich and happily retiring in the near future.

[Parastatal]

It's never a good idea to hold crypto for long. That's a common rule of thumb in crypto, and it's even been a part of the lexicon: there was that time that someone made the phrase HODL into an acronym—"Hold On for Dear Life." But too often people have held on for way too long. There are many reasons why it might be profitable not to hold on for dear life, and plenty of times when it could make sense to sell sooner than you think.

[Speaker]

It's never a good idea to hold crypto for long. That's a common rule of thumb in crypto, and it's even been a part of the lexicon: there was that time that someone made the phrase HODL into an acronym—"Hold On for Dear Life." But too often people have held on for way too long. There are many reasons why it might be profitable not to hold on for dear life, and plenty of times when it could make sense to sell sooner than you think.

I agree that you do not need to blindly adhere to any one strategy at all stages of both your own development in the topic of cryptocurrencies and the entire market as a whole.

[yohananaomi]

Right now i only trust and believe in the long term sustainability of 3 major coins, particularly Bitcoin, Ethereum, BNB and Matic. These are to myself the sure digital gems that holding them could make me super rich and happily retiring in the near future.

For certain coins that have long-term prospects, it is certainly very desirable to hold them. of the four you said and the details are as follows;
bitcoin :will always increase after the halving occurs and it will continue to roll every 4 years.
ethereum : if eth2.0 is present it will make many projects will return to erc2.0 network which is low cost and even better speed.
BNB: BSC network is currently being targeted and used because it is cheap to pay, so we know that BNB is being targeted, see the impact last year increased sharply and in the long term it will continue to be targeted as an attractive investment.
Matic: maybe if ethereum has returned to normal it will be left because the network used is the same.
Bitcoin, Ethereum, BNB are worth investing in and can be held for a long time, but I see the prospects for BNB are huge.

[bayiajaib]

top 10 coins are always become good chance for long term investment.
It will be considered, if you want to hold for ten long years.
Because those are more safe and has been predicted will have great future.

[mohdelayo]

It's never a good idea to hold crypto for long. That's a common rule of thumb in crypto, and it's even been a part of the lexicon: there was that time that someone made the phrase HODL into an acronym—"Hold On for Dear Life." But too often people have held on for way too long. There are many reasons why it might be profitable not to hold on for dear life, and plenty of times when it could make sense to sell sooner than you think.

Holding is ultimately the best winning strategy as far as i can tell. But as you have mentioned, there are moments when holding is not the best strategy, yes it's true when the asset in question have been super highly over valued. But with a very good entry from and undervalued rate, hodling is the best strategy!

[Jaephoenix]

I think that is pretty good since crypto is getting a good amount of mainstream adoption and love. You may also think of hardware wallets, they may come in handy for security reasons

[Astra]

Right now i only trust and believe in the long term sustainability of 3 major coins, particularly Bitcoin, Ethereum, BNB and Matic. These are to myself the sure digital gems that holding them could make me super rich and happily retiring in the near future.

Of course, if you keep all cryptocurrencies for ten years, then this will not be the right decision. Many of them are likely to leave the market, others will practically depreciate. The top ten coins from the CoinMarketCap table have many chances of success, but they can undergo various changes over such a long time. It must be taken into account that the cryptocurrency continues to develop rapidly, so we need to control such changes and always be ready to make the right decisions in time.

[Foofaraw]

It's your choice but I would suggest not to take such long term goal commitments. You can definitely hold for some calculated years. But since the market is very volatile and its unpredictability makes it very uncertain what the market position will be after 10 years.

[Speaker]

If it is less risky to invest in anything, it is in bitcoin and Ethereum. If you look at the top 20 coins a few years ago, you will almost not see a single famous ticker.Keep this in mind.

[yohananaomi]

Right now i only trust and believe in the long term sustainability of 3 major coins, particularly Bitcoin, Ethereum, BNB and Matic. These are to myself the sure digital gems that holding them could make me super rich and happily retiring in the near future.

Of course, if you keep all cryptocurrencies for ten years, then this will not be the right decision. Many of them are likely to leave the market, others will practically depreciate. The top ten coins from the CoinMarketCap table have many chances of success, but they can undergo various changes over such a long time. It must be taken into account that the cryptocurrency continues to develop rapidly, so we need to control such changes and always be ready to make the right decisions in time.

I agree, ten years is a time when there may be changes that can happen to crypto because it is the nature of crypto itself. But we can see the trend of some coins which have changed well and they have a team that continues to develop , so don't hesitate to put it on a coin whose development is going well.
the best ranking in CMC/CG is the best way to do if we don't want to analyze, if you want to take a good look then I think it's good to be able to put btc,eth,bnb on a very reliable ranking.