Crypto Talk: If Ever Plan To Hold Any Coin For Long

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Bitcoin price just drop down from $65k to $64k and some Altcoins price fall down like a sudden electric shock, LOL. The coin I’m holding is one of those Altcoins that affecting asset value brutally for a long time. More than a month now, no sign of pump even dumping constantly. It’s happening to scare holders or to attract more investors, haven’t any clue but positive sign that many investors can buy at this down market season.

Honestly, after observing a lot and going through many ups and downs it confirmed that crypto trading isn’t for me or I’m not for it and I think both are same. If I ever get a chance to buy crypto coin at it’s down and hold for long time instead doing random and unpredictable trading, I would choose bitcoin cash. Reason?  There are some reason I would love to share but don not consider this as financial advice. First reason, It’s affordable and earnable to me at this moment. The all time high price of bitcoin cash is pretty high to me and it always motivate me to buy this coin.

Bitcoin cash comes after bitcoin to me though ETH comes after bitcoin considering the price value. It’s a personal preference or choice, maybe because I know BCH since 2021 though my experience wasn’t good enough when I tried to trade it. I bought at $550 and the price was less than $300 for more than a year, the moment I gave up and sold out accepting the loss, it pumped and cause regret. So next time if I plan to hold for long I would buy BCH at lowest price if possible. I’ll try to hold until it hit the desired price.

Need of money hardly allow us holding coins for long time. I get desperate because I can’t hold for something big, it took a lots of patience but at least more than buying price can allow me to sell. If somehow my personal finance secured for a year, I would plan buying my desired coin BCH but right now waiting for a pump feeling scary especially because my crypto coin price dumping constantly.  Can’t switch or convert to BCH at this down market moment because any kind of convert could be a unwise take as experienced from my past losses. Personally I would buy and hold BCH,  you can go for your personal choice too.

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