Topic: Are we all fools on believing the word "HOLD"? (Read 5735 times)

such stupidity may be experienced by many people in this forum, especially for those who trade. Holding an altcoin can usually provide multiple benefits, but it can come with heavy losses after holding a cryptocurrency. I feel like that only once and I make it a meaningful lesson

A good property is not necessarily a good price to buy, a bad property is not necessarily a bad price to not buy. So be aware of cheap and expensive to trade accordingly. Only really long hold when there are signs of Uptrend because then you have bought crypto at a good price and they are about to increase in price. You will save time for your investment to grow for sure.

Unfortunately, non of these coins now had really recovered and pump, maybe only NPXS had pump earlier this year due to token swap, but after that, everything goes back to normal and it's again struggling at the moment. SONM has also reduce it's supply, you might want to check that as you might miss the chance to swap your old token to the new one, hence will result to a loss of value.

If you are HODLing these coins then I think you need to give up now. It is not HODL's fault really. It is the fault of these coins. If you were HODLing coins such as BTC or ETH, HODL must have proven to be a nice strategy. Atlant is an outright scam, Edgeless is about to die, Centra is illegal, and so on. Humaniq, Matchpool, Lunyr, and SONM were once famous projects that looked very promising at the start but only to end up slow and weak.

I would add a few more - Cardano, Litecoin, Binance Coin, Litecoin and Polkadot. Ideally you can hold any established coin that is protected form inflation by the principle of controlled supply (this will not be applicable to those without such an algorithm, such as Dogecoin and USDT). And now coming to the new projects, the decision needs to be taken on a case by case basis. Most of the new projects have failed. But that doesn't mean that one of the future projects may end up like Chainlink or Polkadot.

Hold the tried and true: Bitcoin and Ethereum

I like to share my story being a crypto enthusiast, a trader and an investor at the same time.

I started in this forum in year 2015 when altcoins are still a good investment and Binance is still not the most popular exchange in the market.
I trade with Poloniex most of the time, sometimes I trade with Bittrex but then I realize that I am not so profitable with trading since I cannot focus on it due to the reason that i have a day job to prioritize.

Therefore, I started to invest for long term and I was entice by how the market moves and I was so optimistic that long term could really change my life.
So to make the story short, I invested with different altcoins and have help it until now.

Now, when the bull run comes, I still couldn't sell right away as I was getting greedy thinking I could earn more when I still hold.
of course, who would not HODL when all your friends in the group chat are also doing the same, even if the price rise high already, they are still saying HODL, and I really do it, and just sell a small portion of my investment to reward myself temporarily was I was into a big goal with my remaining investment.

And then, the correction comes started in year 2018, and I still didn't panic, continue to hold and even accumulate a bit when I see price has really dump a lot, just imagine ETH drop 10 times, so its really cheap and really tempting for any investors. So here I am now, I am still holding at a big loss but at the same time I am still hopeful one day my dreams will come into reality.

So top 10 of my portfolio consist of the following based on my blockfolio.

1) Atlant
2) Edgeless
3) Centra
4) Humaniq
5) Matchpool
6) Lunyr
7) KIN
8.) FUEL
9) SONM
10)NPXS

Please tell me if I should still expect I will be profitable or just give up now already.

HOLD is most often depend to us, if we believe in the coin we have I think HOLD will be apply for sure.
However, if we have a little bit doubt, perhaps no reason for us to HOLD it for a years. But sometimes our imagination
in the coins we hold is always trap us to remain in the zone in which we do not know that we are doing nothing only where
in the end the time is only wasted.