The Permanent Holdings of a Long-Term Crypto Investor
As a seasoned crypto enthusiast, the concept of selling off investments during market downturns eludes me. The fundamental maxim of maximizing profits is to buy low and sell high. However, there are altcoins that I will never sell, holding them as long as possible. Let's explore these investments and why they hold such significance.
PHTR: An Unsellable Treasure
PHTR, issued by Phuture, is one such altcoin that I will never sell. It stands out in the DeFi landscape as a unique platform that allows users to create and invest in baskets of crypto assets. This innovative approach to decentralized finance (DeFi) makes PHTR a standout project that has captured my long-term interest. Additionally, the imminent main net launch in 2022 is expected to significantly enhance PHTR's value. With Phuture's pioneering work, I am confident that PHTR will continue to thrive, making it an investment worth holding for a lifetime.
LUNA: A Bear Market Resilient Altcoin
LUNA, on the other hand, is a stablecoin that I might consider selling, albeit cautiously. It is a stablecoin ecosystem that can perform well even during bear markets. This stability, combined with its utility across various DeFi protocols, makes it a valuable asset. However, I am not completely averse to selling LUNA. The predictability and reliability of its performance make it a flexible holding in my portfolio.
Zero Intrinsic Value: A No-Sell Criterion
Following the wisdom of Warren Buffett, I have an unwavering principle: I will never sell any investment that has no intrinsic value. My philosophy is simple—invest in assets that have tangible worth. This principle guides my decision-making, ensuring that I only hold onto projects that benefit from strong fundamentals. Consequently, my portfolio consists of assets that can withstand market fluctuations and continue to provide value.
Never Sell for a Quarter
There's a famous saying, "You keep your quarter and I’ll keep mine." This encapsulates my stance on never selling an asset just to part with a small profit. Why sell something you know is worth more in the future? This philosophy aligns with the long-term success of stalwart investments. Holding onto such assets ensures that each coin in my pocket represents a valuable and potentially lucrative investment.
Binance Coin (BNB): A Future-Proof Crypto Asset
Binance Coin (BNB) is another altcoin that I will never sell. Binance, the world's leading cryptocurrency exchange, is known for its exceptional service, low fees, and reliability. BNB has risen significantly in value, and its position as a house coin offers substantial benefits. Furthermore, the potential for Binance to go public (IPO) and issue shares could propel BNB's price even further. Additionally, the BSC (Binance Smart Chain) has revolutionized asset transfer systems with its negligible fees. These factors make BNB a permanent holding in my portfolio.
Future-Proofing with ETH and MKR
Lastly, my portfolio includes assets like Ethereum (ETH) and Maker (MKR), which I will not sell. These altcoins are well-established and have strong fundamentals. They continue to evolve and improve, with a promising future in the realm of decentralized finance.
In conclusion, the decision to hold or sell an altcoin is not made lightly. It requires a deep understanding of the project's fundamentals, its potential for growth, and its alignment with my long-term investment strategy. By adhering to principles such as never selling assets with no intrinsic value, and holding onto future-proof investments like BNB, ETH, and MKR, I can ensure that my portfolio remains robust and valuable in the ever-changing landscape of DeFi.