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And now we are going to talk about long term investing.

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And this is what I am doing most of the time I'm not a trader I'm an investor.

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It means that you are going to hold your coin or two currency for a long time one year two years five

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years ten years.

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One of the most successful investors in the world Warren Buffett once said that he wouldn't pay your

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company if he's not going to hold that for at least 10 years.

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Imagine the most successful investor in the world said that minimum of 10 years for one investment.

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That tells about long term investing mindset other people so call it with the name buy and hold.

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So you buy something and then you hold it you keep it.

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You don't sell it and you believe in the coins long term value.

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For example you believe that ripple will be a big thing after five years or bitcoin will be a huge thing

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after five years and you buy it and you are planning to hold it for five years.

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You don't sell if you don't do anything other people are ripping their hair off.

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But you are toast.

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I keep it for five years.

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I don't know about the value what it will be tomorrow or the day after tomorrow or the next week or

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the next month but I'm sure that it will be higher after five years.

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And that is what's long term holding.

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You buy it at a low price and you hold it even for several years even though the price goes down.

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You just hold it because your strategy is holding it's not selling it for a low price.

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You buy it for a low price and then you hold it for a long long time.

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And this thruppence is simple it's pretty thoughtless and it's effective because you need to do your

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research.

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Once then you put your money in and and you pretty much sit on your investment.

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Of course you can follow the market news what is happening.

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Is there something critical happening.

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But most of the time you don't need to do anything.

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So there is one.

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Tell us how to find the coins that have long term value.

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And for that you need to follow my five step principles that I showed you in the previous lectures and

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Sextons and then also under-10s is how do you find the low price because you don't want to buy even

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though it would have a long term value.

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You don't want to buy when the price is high.

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You saw already a similar picture on the previous six and when we were talking about trading it talked

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about optimism excitement true and Fauria and how most people buy here in California.

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And then they sell here and they end up being desperate but you need to remember this principle when

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the price is high.

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It's the point of maximum financial risk.

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When the price is low then it's a point of maximum financial opportunity to get the price low and nobody

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believes in the coin.

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It has much more space to grow.

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But if the price is already very high there is not so much space to grow anymore.

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And news value was up at some point.

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It also goes down.

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So let me give you a solid example.