Post
Topic
Board Bitcoin Discussion
Re: Safest way of long term holding
by
ethereumhunter
on 21/09/2021, 07:50:15 UTC
I totally agree that long term holding is safest way it can be secure future with long term investing because near future price will go high and it has solid safety and security in digital assets. For safest side using a hardware wallet also known as cold storage it is most secure method for storing cryptocurrency.
but it all also depends on the assets you save. holding long-term for a new project is a gamble. because the project could run for a long time according to our plans. it could also be that the project will stop its development due to a problem.
maybe it would be more appropriate to hold long term with the right assets sure to be profitable in the future. because we do not know the market conditions in the future. can also we come back when the market in the mouth of the bears.
Indeed. If he has many potential coins, his waiting time will be worth it in the future as he will make a lot of money or a big profit. But most people do not know how to pick the right coin to invest with their money and only follow other people's suggestions. People are disappointed holding their coins for a long time because they do not see the price increase after some time and that is because they do not research before they buy the coin. But suppose he only invests in bitcoin and uses separate wallets such as hardware wallets. In that case, he will not have to worry about his investment value because, in the future, the bitcoin price will be more expensive than today.