Topic: All you can do is hold your ALTs for a few years (Read 39415 times)
Yeah and you will never miss 40% pumps like today pump on Vechain. They announced a big partnership with Wallmart China and it shows how cryptocurrencies are becoming popular more and more in real life.
If you just keep the Altcoins and do not make any unnecessary movements with them, then this is quite a working and safe strategy. However, to maximize profits, I am convinced you must think more broadly and have a more flexible strategy than just hold.
For me it will depends on the situation of the altcoins development and their strategy to be more valuable in the market, if there is no new updates of any altcoins maybe you can think now wether you will sell your altcoins right away.
Some ALTs will never recover from this crash!
It is an ugly situation!
This fool situation and loss profit forever when we don't optimism our altcoin holded was a year ago.It is an ugly situation!
when you have planing to investing altcoin, do research first!. don't messed up later when your altcoin become shitcoin.
I think it is good to hold if your token has the potential for a long term investment, or if your project has a good outcome. But if the project is not that good, it is better to trade or sell and convert it to bitcoin and ethereum coin for you to be able to invest even on a lobg term inveatment, it could go better that way.
Some altcoins aren't worth to be holded. I would like to buy top 100 altcoins or better top 10, then you will earn for sure.
Holding random shitcoin will get you nowhere
Holding random shitcoin will get you nowhere
Yeah so true, if you are holding alts for long term and the project is decent (good with developments and updates, with a strong team and product), then the best you can do is not to sell cheap at dip. Hold for sometime and hopefully someday there will be a price spike. This particular scenario has occurred to me severally, whereby I even forget I'm holding some coins and delta or blockfolio gives me alert that the price is up. Let's learn to be patient with good projects.
Altcoin in the top 100 is very feasible to maintain long-term because it has large daily transactions and is mostly traded on large exchangers. Many altcoins are basically shitcoin and are better sell it and convert it to bitcoin or top 100 altcoins
Cryptocurrency is simply risky but also profitable at the same time given we invest in a good project. But of course, the possibility for failure is much higher especially in an unstable market. Currently the market has grown significantly better compared to past months. 2018 was a rough year. But it is a seesaw type of ride in any market. That's just how it works especially when there are huge entities manipulating the system. It's just a matter of right timing and having the skills to predict future events.
It is not what you can do, because there is a variety of different strategies and you can earn on each of them, it is up to you. I mean you don't need to follow stereotypes and hold for years. You have your unique path
You need to find out about it, the project can develop or not so you understand what actions you should take.
It takes patience, because it takes a long time to be able to benefit from Alt.
as much as possible you hold the right time, which means you really benefit.
It takes patience, because it takes a long time to be able to benefit from Alt.
as much as possible you hold the right time, which means you really benefit.
If you haven't already sold your ALTs simply hold if your project is decent. If the project has no future sell and buy into a decent project. This is all you can do to recover your loss without putting in more money. It will probably take a couple of years to recover your loss!
Some ALTs will never recover from this crash!
It is an ugly situation!
Some ALTs will never recover from this crash!
It is an ugly situation!
An ugly situation indeed my brother for some altcoins which some have been holding since 2017 and if there is a way one can sell it then it will go far in reducing someone's loss but there is actually no market for them in any of the exchange you visit till today. And it will be a heavy Lost on me if I should sell my ethereum at this moment because I was holding ethereum right from when its was above a thousand dollars in the late 2017.
Yeah so true, if you are holding alts for long term and the project is decent (good with developments and updates, with a strong team and product), then the best you can do is not to sell cheap at dip. Hold for sometime and hopefully someday there will be a price spike. This particular scenario has occurred to me severally, whereby I even forget I'm holding some coins and delta or blockfolio gives me alert that the price is up. Let's learn to be patient with good projects.
If you haven't already sold your ALTs simply hold if your project is decent. If the project has no future sell and buy into a decent project. This is all you can do to recover your loss without putting in more money. It will probably take a couple of years to recover your loss!
Some ALTs will never recover from this crash!
It is an ugly situation!
agree with your suggestion I hold the token that I have but the project is not potential for the future and lately the price of the token continues to decline maybe I will sell it and choose tokens with projects that really have the potential for the future Some ALTs will never recover from this crash!
It is an ugly situation!
I think it is better to sell them off before a few years. Depends on what currency. If they stand the test of time then definitely hold them for years and sell bits off when you happy with the price.
Who hold altcoins from Dec'2018 already in good profit. But in USD Bitcoin price of most important alts is far from the peak so holding them now is still good strategy. Maybe next few month will be altcoins month
Not really. It depends on what you holding and if you bought in 2018 Dec the price probably won't be up yet.
If you haven't already sold your ALTs simply hold if your project is decent. If the project has no future sell and buy into a decent project. This is all you can do to recover your loss without putting in more money. It will probably take a couple of years to recover your loss!
Some ALTs will never recover from this crash!
It is an ugly situation!
Some ALTs will never recover from this crash!
It is an ugly situation!
Who hold altcoins from Dec'2018 already in good profit. But in USD Bitcoin price of most important alts is far from the peak so holding them now is still good strategy. Maybe next few month will be altcoins month
Not really. It depends on what you holding and if you bought in 2018 Dec the price probably won't be up yet.
If you haven't already sold your ALTs simply hold if your project is decent. If the project has no future sell and buy into a decent project. This is all you can do to recover your loss without putting in more money. It will probably take a couple of years to recover your loss!
Some ALTs will never recover from this crash!
It is an ugly situation!
Some ALTs will never recover from this crash!
It is an ugly situation!
Who hold altcoins from Dec'2018 already in good profit. But in USD Bitcoin price of most important alts is far from the peak so holding them now is still good strategy. Maybe next few month will be altcoins month
Holding is important but I depends on the type of altcoin you are holding because some of these projects are in for very shot run, time and can really sent you village packing if you hold on for very long
If the project has no future sell and buy into a decent project. This is all you can do to recover your loss without putting in more money.
I totally agree with you especially on this part. Some people think they will get some great profits from ALTs but it’s not that easy. It’s not a good thing to hold all the coins you have, i mean it’s just hard to find a decent and reliable altcoin to hold it for years.
That`s right sir because some of coin it has been around for a year but I have not lost hope, because someday I can use it as well.
If the project has no future sell and buy into a decent project. This is all you can do to recover your loss without putting in more money.
I totally agree with you especially on this part. Some people think they will get some great profits from ALTs but it’s not that easy. It’s not a good thing to hold all the coins you have, i mean it’s just hard to find a decent and reliable altcoin to hold it for years.
I have actually been patient with the altcoins in my portfolio. Most of them have gone below 90% of ICO price but I still believe that the coins will give me profit in as much as am still holding the coin.
Well, there are 2 ways to look at this. Some guys who set their stop loss at 10% or 20% of ICO price sold off and went back into BTC, in which case they would be very happy at today's price and tell everyone they're in profit. But yeah, if you truly believed in your coin and supported the ICO projects, then you just need to be patient and keep supporting it. Who knows what will happen? Time only can tell.
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