Topic: Be careful of alts you hodl - page 15. (Read 25110 times)
Very true, one thing that you must have when you join the crypto world is caution. In this case, it could be in the form of caution when choosing and sorting altcoins, finding the right altcoins for trading and holding. Don't get wrong by choosing coins that tend to be dead coins or shit coins in the future. Do more research on the coins that you will invest in the long term.
That is why we should be wise selecting altcoins that we should invest. There are so many coins that are just created for fund raising and were abandoned and keft behind in the long run. Most of them were considered as dead and failed because they just produced it for the purpose of scams.
If you are curious which coins are dead and for what reason they are failed, then read this:
https://deadcoins.com
If you are curious which coins are dead and for what reason they are failed, then read this:
https://deadcoins.com
Of course, because developers do not develop them. This problem is this market. And we will see another 100 projects that will close. How to kill a project, withdraw money.
Yeah! Some of those projects just comes for the investor’s money, and later, they are nowhere to be found. With this information, one has to be more careful and make necessary research before buying. I hope some altcoins like quack chain, EOS, TRON wouldn’t fall in this category.
Actually, apart from Ethereum, I do not have much confidence in other altcoins. Just hope.
Giving our trust to newly created coins/altcoins is something not easy. We've been seeing a huge number of altcoins existed around that still hiding from the dark. Hope still there but I don't if it will be working by then. The market is so selective and investors never look those coins that they feel unprofitable. Actually, apart from Ethereum, I do not have much confidence in other altcoins. Just hope.
Altcoins which have deviated from their master plan as detailed on the roadmap is a no no for me. Also circulation supply as against the total matters to me too because it directly affects price of assets
Yeah! Some of those projects just comes for the investor’s money, and later, they are nowhere to be found. With this information, one has to be more careful and make necessary research before buying. I hope some altcoins like quack chain, EOS, TRON wouldn’t fall in this category.
Actually, apart from Ethereum, I do not have much confidence in other altcoins. Just hope.
Actually, apart from Ethereum, I do not have much confidence in other altcoins. Just hope.
there are coins that was in the spotlight before, but now it was abandoned and it turns out scam or devs are inactive anymore..
now there are a lot of such coins. the teams quit because they can no longer develop and instead of telling the truth to investors they just run away with money 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.
so just like u said that i fully agree with, we need to be more careful about what kind and types of alts we choose to hodl. Because if an altcoin only tops the chart just because of hype, then most of the time that alt is going to die and not gonna hold on for a long time. Choose those alts that got good projects and good team behind it.
What caught my attention is that you have been here during 2013. That was a very long time ago and I want to hear more from you. This a good advice specially for those who wants to invest and hodl for a long-period of time. We really need to be careful, we should do our assignment and do extra effort on researching about the tokens or coins we wanted to buy and hodl.
You are absolutely right. We should do a good research especially for long term investments. Also we should follow the news about that coin / token after making our investments. Because as you mentioned, many coins that are currently in the market may disappear in the future. And if we want to make a profit in the future then we should choose coins carefully.
Since alt coin only being used for speculation and trading, so its more risky to invest on alt coin rather than btc, nowadays the creation of coins are very easy and every day we can see more and more new coin coming, so without real implementation of usage the coin will die, so alt coin is not for long term investment, if you are holding alt coin make sure you keep on checking it
Cryptocurrency is really volatile. Then always be careful with any sell, buy, or hold decisions you take. Never invest money that you can't afford to lose. Loss is a risk, profit is a gift of hard work analysis and luck. My advice is to always monitor the latest news and market developments so that you are in the right decision and not losing money.
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 think almost ICO Token will die after 6 months releasing because of the non-potential. So that if you want to invest in cryptocurrency long term, consider buy BTC and top 5 altcoins instead of ICO and junk altcoins to avoid losses
there are coins that was in the spotlight before, but now it was abandoned and it turns out scam or devs are inactive anymore..
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 altcoins are you talking about that we need to be careful? You must be specify what it is, so that everyone here will become
aware of it. Because for me if the altcoins you hold was listed on top of the coins at the coinmarketcap I think you don't have to worry about
it, especially it is belong to top 10 coins in the market.
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.
if I personally will invest and hold cryptocurrency for the long term, I will definitely choose coin that are in the top 10 coinmarketcap, such as Bitcoin, ETH, BNB and LTC, but if for trading then I will definitely choose an altcoin in the top 100 - 500 coinmarketcap, because the profit that I can get is very big but of course the risk is also very big, therefore I never hold altcoin in the top 100 - 500 coinmarketcap and I only use it for trading.
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.
With investing in altcoins, you need to have a short term investment plan and strategy rather than thinking of going in for a long term plan. Altcoin market is very volatile comparing that to Bitcoin. You can easily lose about 50% of your investment capital within a matter of seconds if you decide to go in for a long term plan.
Most of these projects just die after the initial hype.
Yes, indeed. My perspective on alts right now is pretty negative, for me they are just intended to be made for "pump and dump" purposes. They can't sustain in the long run and die later on simply because people are only up to its price not the vision of the coin itself. That's why I advice some of you especially the beginners to avoid alts as much as possible. Just stick with btc or at least those outstanding alts in the market.
I hope you didn't buy bitcoin bitconnect and took a leave thinking it was going to be the next to bitcoin! lols. Some shitcoins do pump their projects and after a while will just fade away. Lending coins were infamous for this unholy act. It's better to invest much on proven coin in CMC.
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.
It was a disturbing sight when I looked through. Only about 250 coins are currently active in the cryptocurrency market the rest are dead or near dead. Something has to be done about these altcoin Proliferation which defaces the cryptocurrency market
Jump to: