Quote from: Slow death on Today at 04:17:18 PM

Quote from: TheEconomists on Today at 03:43:32 PM

Quote from: Zilon on December 09, 2021, 10:56:37 AM

Holding is only for those you can afford to take risks for the rainy day and as long as the earth remains challanges are part of human experience and as such so much would tempt one sell some coin. But there is always a short break for every human figure represented on earth where you have little or no need for money but it keeps coming in and that's the best time to invest other than save.

Saving has been the traditional way of planning for the future where people bank their funds in commercial banking sector waiting for when the need to take back from the bank arises even when we had centralized stocks where people could invest in many still thought it was wiser to deal directly with banks other than investing.

Currently the ecosystem has changed and the pandemic outbreak launched in a new era where people's need became even more insatiable and spiked the cost of livelihood. To tackle the present state of economic challenge investing is more.preferred to saving even though it's more risky but a diversied portfolio is more secured than mere saving

Continue holding can equally be more risky than buy and sell within a short period of time. Have you ever hold a coins and because you didn't sell at the right time the value of the coins depreciate more than 65% before now? This has happened to me and so many other people here before if am not mistaken.
Diversification of investment s very important as that will safe your investment capital from loosing all your money invested in just one coins or one project. The main purpose for investment is to make profit and once you have reached your target profit it is resealable and economically advisable to sell off at that point.

I keep talking about that, and I'll add that we can look at bitcoin now:

up to 2 months ago the price of bitcoin was over $65000

today the price of bitcoin is $45000

so that means all the people who bought when the bitcoin price was $64000 then having losses of $20,000 and the bitcoin price can take months to get back to $65000, so even if the person who bought bitcoin at $65000 is doing hodl for 1 year for example this person will not make as much profit as he wanted

You have just made a good illustration of my point and that is the idea holders should have at the back of their mind while holding their coins or investment. Some of friends who bought banks and other company shares fail to sell their shares because they want to hold forever until the value of their shares nosedive to insignificant amount.