First a very long correction came and hit the Altcoins (Alternative coins) markets within the cryptocurrency markets. Later, we entered what is known as a "bear market", where everything is going down, at some point, going down hard.
Corrections and bear markets are as normal as slow growth periods and "bull markets", where trending positive and up is normal.
Just like bull markets, bear markets comes with its unique features, advantages and disadvantages for us traders. We focus mainly on the following two actions:
- When we are in a bull market, the time to sell has come.
- When we are in a bear market, it's the time buy some coins.
So after we are deep in this normal cycle in the cryptocurrency markets, experienced traders rather call this a "buyers market". Since everything its looking for a bottom, to consolidate and prepare for the next cycle of growth, buying makes for the best option available for future potential earnings and growth.
So with this bear market, we see the opportunity to buy to hold for long, and earn huge profits doing nothing. Just waiting; easy money, when the next bull market cycle comes.
Fear to buy when the markets are down, is like greed, which prevents you from selling, when the markets are up. So don't be afraid to buy now, as in few months you can make huge profits, selling, based on this simple choice.
Now that you know this, let's get to the point.
*** Top 5 Altcoins for Long Term Hold (The First 5)
Knowing what I just wrote above, I shared a strategy in our VIP 0.00% group. One of the simplest strategies of all - you know I love simple; simple is best. This strategy consist of "buying any coin you like (with many exceptions) and hold it for long", until the next bull market comes.
If you do this, you can be looking at earning 2x, 3x, 5x and even 7x or more of your purchase when the next bull cycle comes. The altcoins market is extremely volatile and potential earnings are out of this world.
After mentioning this simple strategy, the next question hit me a million times like a rock. That question goes as follows: "Which ones are the top altcoins to hold long term for the end of the year or whenever the next bull run comes?"
I don't know which coins are the "top" coins. Everybody can consider a certain coin to be a top one based on their own liking and specific details. I also don't mind any specific coin. I use cryptocurrency trading, specially altcoins trading, to make money. So my concern is to buy coins that have the potential to make me money. It is like a job, but instead of going out and following orders or doing something with my body to make money, I can make easy money buying some coins, forgetting about them and then coming back to collect my reward.
Here are my first top 5 altcoins to hold long term. They are in no special order. These simply have the potential to be worth a lot more in the near future than what they are worth today.
Top 5 altcoins for long term holding (Plus the best cryptocurrency of all)
Before mentioning the altcoins, there is one cryptocurrency that you can buy now and hold for long. It is the king of all cryptocurrency, this cryptocurrency is called Bitcoin
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