Is anyone else's strategy simply to hold and not sell for ten, twenty or thirty years?

We are so early in the advent of the cryptocurrency world. All of the prices we are seeing today were unthinkable a few days or weeks ago, let alone back in 2009. Who knows what they will look like in 2030? So many studies - and schadenfreude anecdotes - reveal that the people who do best across the world of investing are those who simply hold through everything and restrain themselves from ever trading. (I think there was a famous Felicity study about the stock market that found that dead people's accounts usually outperformed living people's accounts, however I cannot find a source for this upon doing a cursory google search, so if anyone has heard of the same study, please let us know what it was.) My game plan is simply a little bit of euro cost averaging each month for the next few decades, never selling, and using a bit of cash on the side whenever there are huge dips or if a new cryptocurrency with potential pops up and I find myself particularly compelled by it.Is anyone else the same? I feel like this should be the textbook method of making the most out of your money. And it also means that you lose nothing if, say, in twenty or thirty years, the world had completely converted to cryptocurrencies and government-backed fiat monies became obsolete.

Submitted February 11, 2021 at 02:13AM