Post
Topic
Board Altcoin Discussion
Re: Becoming Millionaire from Altcoins?
by
Grozaj
on 13/09/2018, 13:05:10 UTC
With an 8 year hold, it could be. Credit must be given to anyone who does that, though. The person must be referred to as the holding master, and should be rewarded. That's a joke. It is a two way thing, could be and could not be. It is just that anyone holding should be able to respond to market situations as they arise. What if it rises for the 1st 7 years and start showing signs of coming down in the 8th year. That is where responding to market situations come in. One may not have to wait that long before it reaches that figure, though, it is a huge one.
I agree, the hold certainly yields fruits, but it is necessary to follow the dynamics of the price anyway. as you rightly noticed the price can grow for a couple of years, and then it will fall dramatically and if you miss this moment, then the hold will not be useful.