I am totally new here. When I was growing up. I've heard a lot of stories of people who stored their bitcoins and became wealthy after years of holding thems.
Will this kind of way of investment happen on any other coins again? Just curious. I feel like the market is gradually becoming mature and Bitcoin is dominating no doubt.
Welcome to AltcoinsTalks forum, Alston Liu!
BTC has been profitable for long-term investors, if they hold BTC for at least 4 years. BTC is a special asset, the king in the crypto market and it continuously makes new highs every 4 years, at least that's what has been happening for over a decade.
As for other tokens, I'm not sure about this. You can check on TradingView and see that many tokens of the 2016 cycle could not create a new ATH (all time high) in 2021, they are failed tokens: NEO, EOS, LTC, BCH... Holders of failed tokens will not be guaranteed profits like BTC holders!
For me, only BTC and ETH are worth holding for the long term!
I do not recommend holding other tokens as they may not generate ATH again in the future. I think we should hold them when the bullrun happens, and should sell in the distribution zone. Anyway, we enter the market to seek profits, not to hold!