Holding Cryptos for Ten Long Years

[Ferki]

I am planning to hold the little amount of cryptocurrencies I have right now for the next ten years and which can be the time when I can use the coin for some retirement plans. Last year, I lost a big chunk of my BTC holding because of a big mistake and I decided that in 2021 any Bitcoin I can have will be put into a decade hold plan. I also have a little of Ethereum and PolkaDOT which I believe can also be surviving the rigors of time and the harshness of the market.

Do you think this can be a good idea or could there be a better one that can put more profits into my crypto holding without really exposing them to danger? And aside from BTC, Ethereum and DOT what other coins that must be deserving to be included into this 10-year plan?

Find an exceptional, innovative company/coin with long-term potential. Buy, hold, dollar-cost average. Rinse and repeat for at least 5 years, preferably 10.
Nothing can beat this strategy, has always held its own with stocks.

With crypto assets it is not always 100% realizable, 3 years ago the top 50 looked completely different. Who knows, in a few years there will be no more DeFi hype, something completely different could happen.
Bitcoin has always held its own over the years.
For example, I invest in both stocks and crypto with the same strategy.
In crypto assets, and we have to speak of assets, I try to find out which 2-3 coins from each sector have the best future;
Pure currencies, Smart contract, Centralized Exchanges, Decentralized Exchanges, Lending, Asset Management, IoT, AI, Derivatives, Data Management ...
Not all coins from these sectors will survive. Ask yourself "Are there use cases? Yes. OK, the coin is shortlisted. "
For example EOS.
No dApps at all! Maybe a blockchain-based social media platform soon, but otherwise? And there are more coins from the same sector without use cases. But then you have to decide whether you want to risk more or prefer safe values.

Here we come back to Bitcoin. If there is no Black Swan, I dare to say that the investment in Bitcoin is worth it in the long term, in your case 10 years, provided that you also invest monthly or quarterly and with every crash anyway, more than worth it. Follow dollar cast average tactic, and you will benefit a lot from COMPOUND INTEREST. Here I have a link for you to calculate compound interest yourself :
https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php

I almost forgot my favourite sentence when it comes to long-therm strategy: There is no long-therm stability without short-term volatility

p.s. On the stock exchange, a “black swan” is an event that causes share prices to crash out of nowhere, but is very understandable in retrospect. The coronavirus outbreak is one such black swan, but it is not enough to explain the recent price losses.

[Arendra]

I don't think it's greedy to hold crypto for so long. Because indeed we will never know what will happen to crypto in the next 10 years. It's better to be clever at seeing opportunities, and selling when it's profitable.

[Falcon]

I think you cannot do that because things may come differently from expectations. Holding Bitcoin for 10 years is so challenging that requires your 100% concentration not to touch it even the price come up to $50k this year. Just assuming the price may touch $150k seven years from now but you will hold for 10 years. Then 10 years come and the price down to $70k. I think hold bitcoin but also sell them if needed when the market bullish.

[raisajahan]

i believe that Bitcoin will hit $1 million sometime before 2027, he said at the Consensus 2017 conference in New York. Even better, he believes that Bitcoin could hit one million dollars in as few as 5 years, saying on May 23, 2017, that the milestone will be reached “in 5-10 years”.

[tor]

The strategy of holding the top cryptocurrencies for 10 years should show good results and great profit for the investor, more than they are engaged in trading

[Renampun]

...

Ethereum, Polkadot, and Bitcoin will be very expensive in the next 10 years...
You choose very good tokens to invest in 10 years from now. I will definitely do that because I see the great potential of these three tokens. sure the price will be 10x the current price.

[MrSpasybo]

+1
I am holding over 100 types of crypto assets and their total value has decreased by 90% compared to the end of 2017 It is difficult to see the future of the crypto market and my crypto wallet after 10 years!
I myself also think that I will liquidate most of my crypto assets by the end of 2021 before history does repeat itself like the beginning of 2018. Holding 10 years is a risky decision.

[therozaq]

+1
I am holding over 100 types of crypto assets and their total value has decreased by 90% compared to the end of 2017 It is difficult to see the future of the crypto market and my crypto wallet after 10 years!
I myself also think that I will liquidate most of my crypto assets by the end of 2021 before history does repeat itself like the beginning of 2018. Holding 10 years is a risky decision.

That's right mate. it is really difficult to predict the future of crypto.  Hold for ten years is more recently risky. I don't agree to do..I think We should hold for one or two years, Because we all know crypto currency is unpredictable.

[Delgboke]

Holding crypto for ten long years is actually possible but I don't think the average man in the cryptocurrency to hold token and coins for a long time, because when the big needs rises he or she may sell off his crypto assets that is trying to hold for longer periods so what I think on this matter is that long time holding can serve better when you have other source of income.

[Thymoty]

I think long-term investment in cryptocurrency is quite profitable. My advice, when in the red market, don't sell your assets right away, and always remember that patience pays off in the end.

[LaZim]

I think you cannot do that because things may come differently from expectations. Holding Bitcoin for 10 years is so challenging that requires your 100% concentration not to touch it even the price come up to $50k this year. Just assuming the price may touch $150k seven years from now but you will hold for 10 years. Then 10 years come and the price down to $70k. I think hold bitcoin but also sell them if needed when the market bullish.

I am sure that if a person has only a small part of bitcoin or a few, then he will constantly monitor the market. And the temptation to sell even for $ 100k will be very great. It's a little easier to sit out when the currency rate is falling.

[Maynul96]

I am planning to hold the little amount of cryptocurrencies I have right now for the next ten years and which can be the time when I can use the coin for some retirement plans. Last year, I lost a big chunk of my BTC holding because of a big mistake and I decided that in 2021 any Bitcoin I can have will be put into a decade hold plan. I also have a little of Ethereum and PolkaDOT which I believe can also be surviving the rigors of time and the harshness of the market.

Do you think this can be a good idea or could there be a better one that can put more profits into my crypto holding without really exposing them to danger? And aside from BTC, Ethereum and DOT what other coins that must be deserving to be included into this 10-year plan?

It is not bad idea, if you invest on any good project for long time, then i think that will be very good profit for you.  You choice Btc, Eth and DOT for long time investment, we know that Btc, Eth, and Ltc is good for investment. Also you can invest on DOT and LINK coin for good profit.   

[shiming]

Ten years is a bit long for cryptocurrency. Now the blockchain technology is changing rapidly. I want to say that five years is pretty good. If it is five years, I would choose Bitcoin, Ethereum, Litecoin, and iost.

[Chiblex]

Ten years is a bit long for cryptocurrency. Now the blockchain technology is changing rapidly. I want to say that five years is pretty good. If it is five years, I would choose Bitcoin, Ethereum, Litecoin, and iost.

you are right,,, same thing, but from now bitcoin is very high...It might be hard to hold bitcoin because the price is so high, if I chose an reachable altcoin like eth, dash, bnb, trx or etc... If it's five years from now, it's going to go up, I'm sure altcoin will follow the bitcoin trail, too... And we will also benefit from the coin...

[wxxyrqa]

In some cases, you need to come to terms with the fact that certain projects will bring some profit only after years. As an example, we can cite the company Faba or BitRase, which did not spoil their investors with new information at all and only recently some details begin to appear. But from the start of the project to the first profit Probably you really have to wait about 10 years.