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Can you holdl your Crypto for 10+ years?

  • Thread starter Thread starter Sincerem
  • Start date Start date
I don't have a lot of Bitcoins now, but I am building Bitcoin cash Portfolio. I plan to acquire at least 5 Bitcoin Cash by the end of 2021 and then hold my BCH until 2031.
 
Ten years is really a long time if you must know. Well, it is possible if the Coin we're talking about here is the Bitcoin in particular. I won't be doing this for any coin outside the Bitcoin because it is one coin that we all know will be around a long time
 
Heatman said:
The truth of the matter is that is very difficult for someone to hold his cryptocurrency investment for a very long time without either selling it or still buying more.
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If you have enough funds you won't even reason to sell your cryptocurrency when it isn't up to your expected price mark. You can even leave it for long provided you have other sources of income.
 
Sincerely, it will be mission impossible for me the minimum I can do is plus or minus 5years. But it's a risky worth taking. As the world is gradually adopting cryptocurrency as means of doing business the value will continue to go up.
 
Sincerem said:
If you have enough funds you won't even reason to sell your cryptocurrency when it isn't up to your expected price mark. You can even leave it for long provided you have other sources of income.
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Exactly, it's actually one of the reason why a lot of people keep on selling their cryptocurrencies from time to time because they don't really have enough to hold on for a very long time.
 
Heatman said:
Exactly, it's actually one of the reason why a lot of people keep on selling their cryptocurrencies from time to time because they don't really have enough to hold on for a very long time.
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This is the unfortunate truth. Those who can afford to leave their Cryptos lying there for as long as 10 years must have other sources of income that take care of all their needs.
 
Niftyyem said:
This is the unfortunate truth. Those who can afford to leave their Cryptos lying there for as long as 10 years must have other sources of income that take care of all their needs.
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Exactly, it's actually the most understandable reason why someone can be able to allow his cryptocurrency investment to stay for over 10 years without touching it which means that the person is very rich.
 
Heatman said:
Exactly, it's actually one of the reason why a lot of people keep on selling their cryptocurrencies from time to time because they don't really have enough to hold on for a very long time.
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Yes, when you don't have enough to holdl for some time it would simply mean cutting down the one you're saving in the wallet cos it wouldn't grow as you've hoped.
 
There are people that has accumulated some coins in a very huge volume, such coins can be held for 10, because the holders can be selling at certain percentage rise .
 
Definitely if one is financially capable to do without it then no reason not to since it would keep increasing with time as predictions are pointing so the amount of money available
 
Sincerem said:
Majority of people via forums are talking about reaping thousands of dollar interest holding on to their Cryptocurrency. But the truth is that, before such interest manifest one needs to cultivate such endurance spirit to holdl the coins for years.


Those who hold their BTC before the value grew to matching their expectation, did it for years. Believing that the turnaround in the price of BTC to a very high level will materialize, and it worked for them.


Be honest, do you think you can hold your coins long up to 10 years to earn big like those early BTC holders?
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Let's assume that I am not living in this country that I found myself that I wake up every morning knowing all is well due to my bank account why won't I be able to keep my cryptocurrency for more than ten years huh!
 
Ub40 said:
Personally, I don't think I can hold my coins for as long as 10 years. This is because I am only interested in short term investment. And I also consider the volatility nature of coins. One must always bear this in mind and also stake what he or she can afford to lose. It is just my opinion.
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That is one of the benefits of this platform yiu can make money weekly and just zero your mind to do what is necessary, take a week's payment and invest it for Long term, it would yield good profit
 
Once it comes to holding cryptocurrency over a very long period of time, it's mostly older investors that can be willing to do that because newbies aren't confident enough.
 
FreshKaz11 said:
Let's assume that I am not living in this country that I found myself that I wake up every morning knowing all is well due to my bank account why won't I be able to keep my cryptocurrency for more than ten years huh!
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If you have enough funds to sustain you elsewhere apart from the one you're saving in your cryptocurrency wallet, and you have patience to save for long, surely you'll will meet up.
 
Sincerem said:
If you have enough funds to sustain you elsewhere apart from the one you're saving in your cryptocurrency wallet, and you have patience to save for long, surely you'll will meet up.
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Exactly, it actually the availability of funds for carrying out other investment project and expenses that makes someone be able to hold on his cryptocurrency for a very long time.
 
Heatman said:
Exactly, it actually the availability of funds for carrying out other investment project and expenses that makes someone be able to hold on his cryptocurrency for a very long time.
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When you have available means of resources, you wouldn't feel extra burden that will force you taking your invested funds around cryptocurrency out. A poor man will always find it difficult to save, but for the reach it's easier to invest long time.
 
I think I can hold for 10 years, or even longer. But my problem is I do not have funds to buy cryptos. I earn cryoto through forum posting and there is a limitation on how much I can earn. My small asset cannot be profitable even if I hold for 10 years.
 
Sincerem said:
When you have available means of resources, you wouldn't feel extra burden that will force you taking your invested funds around cryptocurrency out. A poor man will always find it difficult to save, but for the reach it's easier to invest long time.
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Exactly - most rich men don't even have new ideas on what to invest their money again. It's actually why most of them are changing their PA always in order to get new ideas.
 
Heatman said:
Exactly - most rich men don't even have new ideas on what to invest their money again. It's actually why most of them are changing their PA always in order to get new ideas.
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Lol, they'll keep on changing their PA's in order to come up with the perfect idea since they don't want to think forward on their own towards the future trending investment.
 
Sincerem said:
Lol, they'll keep on changing their PA's in order to come up with the perfect idea since they don't want to think forward on their own towards the future trending investment.
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Exactly, they have the mindset that each individual personal assistant to have his own individual ideas that when they have exhausted their ideas, they will fire the person and hire a new person with another different set of ideas.
 
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