Topic: Be careful of alts you hodl - page 10. (Read 25120 times)
You should keep updated of the coin not just buy the coin then leave it in the wallet for years, you will be surprise that your coin is dead.
Most altcoins failed woefully and as such where overtaken by others; this is one of the signs that shows that blockchain is growing. There are many projects coming up nowadays, if they fail to bring in more innovative solutions they will not last long term because this space is now highly competitive.
The problem with holding altcoins is that at times we let our emotions before our senses, we feel attached to a certain altcoin that even when it becomes illogical to keep holding we still make excuses and keep believing that it will moon soon.
I prefer to use top10 coins, other coins are the bulllshit, which was created during the hype around crypto industry
Do you believe it's feasible for another undertaking with no underlying wellspring of subsidizing (no ICO or anything like that) to make it? Back toward the beginning of crypto, it appears as though it was workable for a venture to be fruitful if there was a smart thought to expand upon since there weren't numerous different projects around. Nowadays, there are a large number of projects. By what method can a newcomer get took note?
I don't think holding too long alts to be a very smart decision, their tend to be huge volatility around alts than Bitcoin and it is known that during dump, altcoins hardly recover faster than Bitcoin, so one should be careful of how much alts he intends to hold and how long. Have seen someone whose total alts portfolio dropped from about 2btc to less than 0.03btc
I was just looking at the coinmarketcap table since 2013, I was surprised in what I saw, many coins topping the charts then are now almost non-existent, we need to be careful of the kind of coins we hodl especially for long term. Most of these projects just die after the initial hype.
What coins are you talking about, at least you can share your experience with others about the coin and maybe the cause of the coin is almost non-existent. Indeed, we need to be careful with the investments we make, it is very necessary to observe the market movements from day to day to decide the next step we will take with the coins we are holding.I was just looking at the coinmarketcap table since 2013, I was surprised in what I saw, many coins topping the charts then are now almost non-existent, we need to be careful of the kind of coins we hodl especially for long term. Most of these projects just die after the initial hype.
Its just shows that only the valuable alts will stay and not all altcoins are able to maintain their position especially if investors are dumping to take profit. Hold well-established altcoins to ensure its not going to be a shitcoin in the future. Conduct a research and dont rely with others suggestions.
I was just looking at the coinmarketcap table since 2013, I was surprised in what I saw, many coins topping the charts then are now almost non-existent, we need to be careful of the kind of coins we hodl especially for long term. Most of these projects just die after the initial hype.
You are right, you know this is one of the disadvantages o see with holding cos at time you can't tell what will happen in the nearest future and that's why once I see I have made enough profit, I sell off
Of course, it has always been and always will be, so everyone who holds various altcoins in his portfolio should monitor the development of each altcoin, because most altcoins, especially those that are not in the top, simply disappear after a while.
yes you are right some without progress we have to be really careful if we hold alts make sure we check frequently,if the project does not have updates immediately take off before it's too late,and I personally for long-term investment, I chose the top alts.
According to my opinion, the main part of your investment has to be kept maximum in the top 5-10
everything else is not very reliable
everything else is not very reliable
That's if you are looking at short term because for me am looking at long term investments but all the same your observations are so real and pure.. One must be careful which ever place he place his investments
I was just looking at the coinmarketcap table since 2013, I was surprised in what I saw, many coins topping the charts then are now almost non-existent, we need to be careful of the kind of coins we hodl especially for long term. Most of these projects just die after the initial hype.
Infact, their is no coin or token worth holding for most of the new project as long as I am concern. It is better to sell off during the HYPE and protect your capital. Most of them will failed to surface after a period of 5 years since they don't have strong fundamental. We need to be extra watchful and careful on the type of project we choose to hold for long and not for short period
That is why if we hold coins we must always check the progress at any time whether or not to move actively do not be careless because information is very important to determine the short term decision that will be taken
I was also surprised to see the coinmarketcap ladder. Everything changes from the first. Now it's not good to hold a coin. Only certain coins have an increased chance of being suitable for hold like ETH. Other coins seem to me not good for holding.
I agree with you. If you took only one year interval you could see the same thing you don't have to take since 2013. Many coin which is in the top are losing its marketcap constantly. There is many problem regarding it the main problem is development when they placed ICO the hype was good but when it comes to the development nstage most of the project failed. That's why community started to avoid them. I saw many projects like this. One more problem is alternative everyday many alternatives comes and the old one not upgrade themselves whth time so in they started losing popularity. Plus mis management or marketing is also a big problem. So it's good if you always aware about what you hold.
the topicstarter is quite right. if we speak about alts, i prefer investing in alts with a practical use. the second thing i always pay attention to is how much time since the tokensale has been passed. the last project i found that combines both i mentioned is taklimakan network.
There are two types of holders:
- Well planned holders: they are people whom choose good projects to invest, and wait for low price to enter. Hence, they will not worry by holding their coins/tokens that bought at cheap price, and they actually know that there are very low probability to see those projects end as dead ones.
- Un-planned holders: they are people whom buy arbitrarily and stucked with their investments, then they have to hold unintentionally to hope that they might get their capital back.
They are very different kinds of investors. And the second type investors should be careful with their investments.
- Well planned holders: they are people whom choose good projects to invest, and wait for low price to enter. Hence, they will not worry by holding their coins/tokens that bought at cheap price, and they actually know that there are very low probability to see those projects end as dead ones.
- Un-planned holders: they are people whom buy arbitrarily and stucked with their investments, then they have to hold unintentionally to hope that they might get their capital back.
They are very different kinds of investors. And the second type investors should be careful with their investments.
I was just looking at the coinmarketcap table since 2013, I was surprised in what I saw, many coins topping the charts then are now almost non-existent, we need to be careful of the kind of coins we hodl especially for long term. Most of these projects just die after the initial hype.
Yes, it is true
there are a lot of dead projects then altcoin becomes shitcoin.
and I agree with you, so it will be very risky to invest in an altcoin in the long run. except for a few altcoins such as the top 10 altcoin.
in fact, I see that there are many projects that have died from various campaigns that I participated in. although the token has not yet been exchanged. it's like a scam and there are many
I think investing with the top altcoin is indeed not too risky. I mean, you are not too worried if you hold a coin because most of the coins listed in the top 10 in CMC always have price developments, besides that there are many users who have investments there.
yes ... the project is dead, the team doesn't care about developing their work map or coins are difficult to develop in the end they will become shitcoin.
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