Topic: Are we all fools on believing the word "HOLD"? - page 5. (Read 5735 times)

I am also concerned about your investment but from here I see you don't buy major coins such as btc, eth etc. but of course you want to invest and increase your portfolio, unfortunately you choose the wrong coin and from the 10 list above only 1 coin that survives, namely NXPS.
keep the spirit there will always be a way to invest, no pain no gain

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.

For @OP, I am also one of the holders from Centra, which I bought when the price was low. but it turns out that this project ran into problems and ended up in a scam. the price was past 2 $ and I still hold now it's just trash. I don't think there are many projects in 2017 that are still visible. even average if now we can see on CoinMarketCap. they are low volume and also the price has decreased by almost 80%

What is the point of holding it for a few years if you give it up now? not to mention how low the price is right now compared to where you bought it.
it does not make any sense for me to sell it at this price, I would rather hold it into dust other than losing the chance for my portfolio to breakeven or even make a profit.
holding is fine but you must know what is the reason you are holding it.

That's correct, there's no bull run for most altcoins, only few in the market and these are major altcoins only. Most of my holdings now does not have a volume anymore, so I think my expectation was wrong to expect that they'll pump this bull run or altcoins season.

the pumping up of the bulls this time around is mostly the case with popular altcoins. even some popular altcoins have experienced very little movement.
but if you look at some of the altcoins some made a pump this week. such as ARCS, AME, and CATT. was seen as an asset with a dormant project and finally the developer proved that their market and products could also compete in the market.

That's correct, there's no bull run for most altcoins, only few in the market and these are major altcoins only. Most of my holdings now does not have a volume anymore, so I think my expectation was wrong to expect that they'll pump this bull run or altcoins season.

Remembering those days where Pundix,Atlant,Centra and Lunyr was one of those famous projects wayback in 2017 or before that bull run event when these coins are on the hype.

For those who held then for sure they are still holding still up to this very moment.Price of alts didnt really increase that much or simply talks about tokens that does have the same blockchain
ex. Erc20.If you do tend to look at them then you can tell that there's no much significant movement.

Bull run today is more focused on Bitcoin and some Coins and not to tokens.

The only coin that has benefitted from hodling is bitcoin. And maybe Ethereum and Litecoin if you bought in the early days when they were about a $1.

With the other alts, you have to understand that the only beneficiaries are the developers. There are so many coins, why start a new one instead of helping improve an existing coin? Because the developer wants to make bank.

First they launch their coin, and maybe do a ninja mine so they accumulate before everyone else. Or maybe do an ICO. Then a bit of hype to get ordinary people to buy, while the developer is offloading to the ordinary person. Then once the developer has made a profit, it all sort of dies away. Rinse and repeat. If you don't sell during the hype period, you become a bagholder.

Of all of my holdings, only NPXS had pump so far.
https://coinmarketcap.com/currencies/pundi-x-nem/

Unfortunately I was still not able to sell because the pump is not good enough to give me a profit, I'm hoping it will pump more but it seems the market is not bullish anymore.

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.

Yes, everyone can only give advice according to what they already know in the token, but in terms of buying, I think it is a full right for each individual, so we have no right to invite that person to buy what token we want.

Yep. HODL is very useful advice, but I believe it only applies to Bitcoin and is not always suitable for Altcoins

Many retail investors cannot stand BTC fluctuations and are afraid when the price drops nearly 50% and eventually sell their assets.
Their choose to stop halfway by taking the risk of losing and losing the opportunity to reap profits when it has skyrocketed again like now.

if we would have a look at the current prices of bitcoin we unterstand that HOLD prooved to be the right strategy. I'm sure that many holders won't sell their BTC even at these prices. so keep calm and carry on holding.

Believing in something is not an act of folishness. It is better to hold rather than panic selling , if you think the alts or tokens you are holding have the chance to pump in future then why not HOLD ? So better to take risks when it comes to trading so that you will not regret.