Be careful of alts you hodl - page 11.

Gridness

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Quote from: old fart on July 20, 2019, 10:40:24 AM

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 coin do you mean? to hold coins we must really choose coins, like I chose ethereum as the coin I hold

Xxmodded

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Quote from: old fart on July 20, 2019, 10:40:24 AM

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

NathanJB

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Quote from: old fart on July 20, 2019, 10:40:24 AM

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, be very very careful. It is either you choose the few ones that have been on top for a long time time or do not hodl any at all. There are only a handful of great altcoins. The rest are, as what a lot of experts say, mere shitcoins. Many altcoins are just jumping on the crypto bandwagon for the sake of money.

Upgate

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Hodling altcoin coin for so long is a good idea but once you've seen much profit in it, you quickly needs to sell it off asap. The more the coins lingers in atmosphere, the more it loses it's value. Altcoin hodling appreciate. Its better to sell it off when it does cos some bounties managers loses ideas on the long run to keep the project going

jabrix

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Quote from: cosmofly on July 22, 2019, 07:48:44 AM

There have even been many alts no longer working and we should really find out before buying and holding them long term.
We need to learn more about blockchain technology and its related trades in the crypto market.
The more knowledge, the less mistakes will be.

I agree, be careful when HODL altcoin, especially cheap new coins, because if it is eliminated in the trade, the coin has no value, meaning your money will be lost.
It's better to buy altcoins such as TRX or XEM which are overcrowded on exchanges where the price is also good for trading. Even the profits obtained are not inferior to bitcoin investments, because less capital is needed.

Pamadar

legendary

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Quote from: other_side on July 22, 2019, 07:35:20 AM

Quote from: Sacramentus on July 22, 2019, 04:58:06 AM

Quote from: old fart on July 20, 2019, 10:40:24 AM

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.

one thing I have always know for sure is that many of this project will die off either in the long term or short term. Soon, we will only see stronger projects with good use in the market.

Even altcoin is in the top 10 now, if four years later one of them doesn't grow better to compete with other projects, it will also be eliminated and gradually forgotten. Just as Yahoo had and lost

As there's no real assurance if what future direct the movements of our investment, yes even those who are inside the top Alts can't assured anything, but with an investors mindset who really believes that the market will bring something better holding is still one of the best choice from this industry.

cosmofly

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There have even been many alts no longer working and we should really find out before buying and holding them long term.
We need to learn more about blockchain technology and its related trades in the crypto market.
The more knowledge, the less mistakes will be.

xSkylarx

hero member

Activity: 2352

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I'm more careful now when choosing which altcoins to buy and hold for long term. I've already learned from my past experiences from joining ICOs and getting bounty tokens. They just dump after it is listed on exchanges and it never recovers to its original price because devs are dumping their tokens too to leaving their investors lose their money. I just hold now the top coins on coinmarketcap like eth, ltc, ada, xrp, bnb.

other_side

full member

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Quote from: Sacramentus on July 22, 2019, 04:58:06 AM

Quote from: old fart on July 20, 2019, 10:40:24 AM

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.

one thing I have always know for sure is that many of this project will die off either in the long term or short term. Soon, we will only see stronger projects with good use in the market.

Even altcoin is in the top 10 now, if four years later one of them doesn't grow better to compete with other projects, it will also be eliminated and gradually forgotten. Just as Yahoo had and lost

Ifemini

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There are consequences for every action

I want to rephrase this and say

Be careful of every token that you hodl; either bitcoin or altcoins
Pumps and dumps are quick; which is why you need to stay up to date information wise

Be smart and get your profits each time

kogozer714

copper member

Activity: 593

Merit: 10

yes there is indeed true, we must be careful to drop the choice of coins that we hold. now a lot of good coins at the beginning but on the way they disappeared. we must be able to choose and research before making an investment.

rowenta01

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Quote from: xSkylarx on July 21, 2019, 11:37:20 PM

I'm more careful now when choosing which altcoins to buy and hold for long term. I've already learned from my past experiences from joining ICOs and getting bounty tokens. They just dump after it is listed on exchanges and it never recovers to its original price because devs are dumping their tokens too to leaving their investors lose their money. I just hold now the top coins on coinmarketcap like eth, ltc, ada, xrp, bnb.

For me nothing should be kept long term except BTC, and maybe ETH, LTC, XMR.

Everything else is safe at all, and the market works only by speculation. The biggest perfomancs of yesterday will not be those of tomorrow. Dogecoindark (Verge), Pivx, Raiblocks (Nano), Antshares (NEO), we must clear all those and find the next projects that will perform as well.

We must not stay asleep in this market, we must work, and analyze all the time. Take a lot of risks too. It's not by staying on old stuff that you are going to make money .. Look where are Ark, Pivx, Verge who is also starting to go back to the marketcap, and so many others! good luck to you!

ophyrim

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Quote from: old fart on July 20, 2019, 10:40:24 AM

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 long term HODL is not a good strategy for altcoins because of altcoin inflation. Especially for small matketcap altcoins. Even you have to think twice for the biggest marketcap altcoins like ETH.

rowenta01

sr. member

Activity: 1216

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Quote from: old fart on July 20, 2019, 10:40:24 AM

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.

I completely agree with this reasoning. Personally I sold all the altcoins that had the most hype / fomo in 2016/2017. And I bought only promising new lowcap! 90% of my portfolio is made up of new lowcap.

At every market bubble, you have to start from scratch. It was necessary to take advantage of this bearmarket to analyze again all the new altcoins which did not have the bubble effect of 2017. All those who have not yet exhausted the potential of hype (rebranding, new tech, big exchanges, ... ).

I am on about 7/8 new promising lowcap, and I have no doubt about their future performance! and something else I do not invest in absolutely any ICO or shit token!

jigzaheedcoin

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Quote from: rawdog11 on July 21, 2019, 10:29:56 PM

Too many people look at what the coin promises rather than the development team and actual technical information.

That's a possible hype promotion if you heard those promises behing every coins came out to be good or popular. Sadly in the long period of time it's not working, yet many fall unto trap of fraud developers who managed new coins aiming for good results. That's how being careless put you in danger zone, if you won't be careful.

fulled

full member

Activity: 644

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2 of my holding alts is turn to scam, i will be more careful in my next investment, holding altcoins nowadays is really like gambling, my advice is to stick to bitcoin, in my future investment i will not buy altcoins anymore

take_off

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Quote from: old fart on July 20, 2019, 10:40:24 AM

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 should know that over time, projects that are not invested in development will regress compared to other projects. Many projects are born but there are very few successful projects. I believe that very few people hold those altcoin from 2013 until now

kannikaamudee

newbie

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be strategic, thats the only thing you should do

John Kreese

newbie

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If the project has been abandoned by the developer, that is a sign to move on from it.

indriasyifa

jr. member

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not the emergence of new coins that can compete in Coinmarketcap is a current situation, where no single coin penetrates the top 10 born above 2013, on average new coins die and disappear in the list, I think, there must be new innovations if want to go to the top 10 at the moment, the biggest opportunity I see in many coins is BNB, maybe this coin will achieve success to shift other coins that already exist in the coin marketcap.

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