And now we are going to talk about long term investing.
And this is what I am doing most of the time I'm not a trader I'm an investor.
It means that you are going to hold your coin or two currency for a long time one year two years five
years ten years.
One of the most successful investors in the world Warren Buffett once said that he wouldn't pay your
company if he's not going to hold that for at least 10 years.
Imagine the most successful investor in the world said that minimum of 10 years for one investment.
That tells about long term investing mindset other people so call it with the name buy and hold.
So you buy something and then you hold it you keep it.
You don't sell it and you believe in the coins long term value.
For example you believe that ripple will be a big thing after five years or bitcoin will be a huge thing
after five years and you buy it and you are planning to hold it for five years.
You don't sell if you don't do anything other people are ripping their hair off.
But you are toast.
I keep it for five years.
I don't know about the value what it will be tomorrow or the day after tomorrow or the next week or
the next month but I'm sure that it will be higher after five years.
And that is what's long term holding.
You buy it at a low price and you hold it even for several years even though the price goes down.
You just hold it because your strategy is holding it's not selling it for a low price.
You buy it for a low price and then you hold it for a long long time.
And this thruppence is simple it's pretty thoughtless and it's effective because you need to do your
research.
Once then you put your money in and and you pretty much sit on your investment.
Of course you can follow the market news what is happening.
Is there something critical happening.
But most of the time you don't need to do anything.
So there is one.
Tell us how to find the coins that have long term value.
And for that you need to follow my five step principles that I showed you in the previous lectures and
Sextons and then also under-10s is how do you find the low price because you don't want to buy even
though it would have a long term value.
You don't want to buy when the price is high.
You saw already a similar picture on the previous six and when we were talking about trading it talked
about optimism excitement true and Fauria and how most people buy here in California.
And then they sell here and they end up being desperate but you need to remember this principle when
the price is high.
It's the point of maximum financial risk.
When the price is low then it's a point of maximum financial opportunity to get the price low and nobody
believes in the coin.
It has much more space to grow.
But if the price is already very high there is not so much space to grow anymore.
And news value was up at some point.
It also goes down.
So let me give you a solid example.