Hi how are you all? Hope everyone is doing well, Many of us follow a saying Hold is Gold and even following this saying we all start buying any Crypto currency day after day without doing any research!

The crypto market is also a trend.
In fact, today we will know how profitable our long time hold is, Bitcoin has achieved great success in the last 4/5 years, in the first stage the price of Bitcoin was less than $1, then slowly Bitcoin is going upwards, and when someone new comes into the crypto market. Everyone thinks all coins will be like Bitcoin.
Therefore, many people have suffered huge losses after being detained for a long time.
Now I will show you the historical snapshot of November 2022 of CoinMarketCap as an example.

Image source coinmarketcap
Here you can see the price of top 10 coins 2 years ago, when bitcoin came down huge, bitcoin was $16K and now bitcoin is now $66K at this very moment, it has almost quadrupled and if you notice, you can see the price of unique can ALT coins before, still as expected. Not successful
If you look at Matic, DOT, ADA, XRP, Doge, you will see that they are still awake.
But here Solana Coin has recouped its losses, those who invested after the FTX collapse after the Solana crash got huge profits,
At one time Shiva Coin held such meme coins. There was a trend, holding Shiba coins for a long time made holders lose a lot, I myself held 1 million Shiba at $42 and finally sold Shiba at $22.
I think long term hold is not profitable at this time, if you sell at profit then wait for the market to dip again.

Image collect Pixabay

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In 2017, there were a lot of coin scams in the crypto market, because when the coins were launched, those coins made huge profits. The main reason behind the gain was that all the investors thought that they missed Bitcoin and wouldn't miss the new coin, so everyone invested. Many Scams are used by Scammers.
But I think new coins are profitable in the long run, because they have a chance to be listed on a bigger market.
New markets get listed and those currencies go up.
So you can see new projects by looking at good projects.
Hope everyone understands, stay well everyone, stay healthy, Allah-Hafez,