Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: BattleDog on September 20, 2018, 01:04:29 PM
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How long should we hold coins?
In the past 3 weeks, despite all the risks, many investors have hold a large number of coins such as TRX, XVG, XRP, ADA, etc. ranging from good to bad coins including DGB, DOGE.
Getting back a little bit with the psychology of human beings: we are always afraid but very pleasure when others talk about profit. When some coin prices are falling, you only see the negative things in it: "It will surely keep falling, so it’s better to stay away". When it turns back up: "It will plunge again sooner or later?" But when it's high up then: "It will no longer fall".
As an investor, you will have to understand a coin before investing money in it. You should evaluate and consider everything before making the decision to buy and hold for a long term (for 6 months to 1 year , or at least 3 months for the most impatient investors). Because one cycle of increase / decrease of a coin usually lasts for 2 months, understanding coin will give you confidence, psychological preparedness before facing the falling prices
The criteria to assess a coin:
1. General information about that coin
2. The purpose of generating the coin
3. The dev team (do more or say much)?
4. What is the current product? In what stage?
5. Are there existing customers? Potential customers?
6. Vision of future coin? Is it realistic or just expressed in words?
7. Scalability? Can it be accepted by the public? Is it possible to apply to everyday life?
I spend little time tracking the prices. Most of the time is spent on reading news, evaluating coins to make investment decisions. I also spend only 10-15 minutes on technical analysis (It’s not because I view it as unimportant, I’m just get used to it). As a result, I have bought a lot of coin at a very good price. I bought when you were there saying: how can it increase again. I left you far behind, at present, it is greatly safe for all my investments because my investment value has increased by several to tens of times.
You can say whatever in case of rising price, even when you invest in shitcoin. However, when the price falls this low, my balance seems to keep stable thanks to my calculation and comprehensive knowledge about coins. Once investing in a coin, I strongly believe in its future. I choose the right time to buy more coins without any fear of risk!
So how long to hold coins? The answer is that you go learn more thoroughly and comprehensively about the coins you want to invest in and make your decisio
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you can hold coins as long as you get profits.
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I look at the crypto chart and the trends they make where almost every end of the year they experience an increase and that is repeated almost every year. so be patient until the end of 2018 or at least until the end of 2019 because the investment is not instant to get the desired results
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The safest bet would be to buy altcoins that are stable in a low price for a while and is in the top 100 of coinmarketcap. They might be sleeping giants that might soon wake up and make a bullish move. Particularly, I recommend you OP to stockpile some eth while it is still low. IMO they will reach even greater heights so long as many ICO's are being launched and so long as many erc20 tokens have a use case.
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Some altcoins today seem to start to shine because they managed to keep their coins thriving and have an ever-increasing demand. Like the current ethereum becomes a more prominent coin with the use of its platform is increasingly penetrated in various ICO. NEO which also seems to have a good development and began to follow ethereum footprint for the platform used in ICO, although only a few ICO who use it. But that's okay, at least NEO is one step ahead and has bright hopes to be able to reach its brilliant future.
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I think that the main thing is to find the coin that will fit in order to keep it for a long time,because it is very important to analyze all the information about the cryptocurrency
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Hold coins is not a problem for it is individual's choice to do so. While you can maintain your coins in your wallet it means you hold. Simply as that.
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In holding your coins, you need to be patience in waiting to have a good profit. The currency is unpredictable but if you wait to have a good value it is all worth it.
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hold if it has the potential to make a profit. and always update information up to date to monitor coins that you will hold at that time until profits arrive for you.