it's a different scenario, many of these old coins had nothing new to offer and the market cap was too small.
The market is much more competitive now. The top 20 can change, but I don't see those coins dying soon.
Topic: Be careful of alts you hodl - page 16. (Read 25095 times)
DYOR is the key. Most of the altcoin holders including me has to do research to the extent including the teams and possible the history as well. I've invested in different altcoins before and lost a lot due to my negligence and now I'm sharing what I've learned from my bad experience. It cost me money and I'm extracting it with valuable lessons that I could share with others. To the altcoin investors, you must be aware of how much more volatile the altcoins market than bitcoin.
Before holding coins for long term, you should do proper research about the project so that you don't bag shitcoins which will be worthless in future. Let's be guided.
To be frank, one can't believe that those coins really made a huge amount as of then, but today they are down the drain. This really confirms the saying that any project whose team lacks relevant experience will not go far neither will it last. So on this note, holding only good altcoins is the best even if it's few.
You just need correctly split your assets between many altcoins. in the same way as many coins disappeared - A lot of altcoins brought 1000 percents of profit
Sincerely most altcoins has dealt mercilessly with investors in recent times which have also opened their eyes into going for the good ones. Although there are still people investing because someone said one or two things about the project, but I think such people should have a rethink because it hardly ends well. Let's forget hype...
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, before I invest in cryptocurrency I have to really choose the right project that I want to invest, so that in the future I can get profit from investing in the project, but I also can't avoid the risk of investing in cryptocurrency, because before I invest in cryptocurrency I certainly know that the risk of investing in cryptocurrency is very big, so I have to be ready if one day the project that I invest will fail and not give me profit, because in my opinion it's a risk that I have from the start if I want to invest in cryptocurrency.
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.
The truth remains that altcoins are for the profit
When you have them, nurture them and get the best deals out of it
When it comes to long term hodling, target blockchain tokens such as Neo , eos etc
It is indeed disheartening that such happened during the trying times of cryptocurrencies. Nevertheless, they attained such height because they were hyped and today we have seen the result. Coins like Eth has survived because the team knew exactly what they were after, what they want to create etc and that's what matters.
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.
Really? Well then that's a helpful reminder to all of who still hodle new tokens enlisted last 2017-2018. Given that fact that most of them dies actually, maybe if another hype will come again. I should've waste time and sell it right away without even thinking of waiting for its value to rise even more.
That was during the time hype was the other of the day, people were doing blind investments and today the evidence is clear. At all times let's be mindful of what we hold, it's a matter of money and should be handled with all seriousness. I still know there are good coins out there.
It's better to sell out during the hype rather than holding for a long time. In most cases, the hype era might never come again, so as not to lose on every end.
Unfortunately many altcoins just disappear after the first hype. That’s a fact we must accept. Sometimes it doesn’t even matter how good the project is.. But your advice is one of the most important and basic things that everyone should know.
This is a great advice. Few years from now or better still when this trend is over for alts some coins will not exist and others that will survive might take forever to recover. Utility and community plus active team equals a strong hodl or hodl Btc, Eth and Bch.
Glad you pointed it out "intial hype" that's all they have and only that they offered thus not lasting long term. I have told my friends that no matter what they hear of any project let them make out time to study every project before putting their funds.
you should be careful regarding chosen coin, but also follow it since many tokens are swapping and distribution of those news is not that good, so people are stack with worthless coins at the end
This is a fact, do proper due diligence before deciding to hold some altcoins for long term. Do not hold coins because of hype, hold coins because you think the project development is cool, and they keep updating the community. Hold coins because you think they have great future prospects. Also, keep monitoring the coins you hold, some may not be worthwhile to hold in future.
I think that I think well there is to keep the top altcoins in the long term. You just need to have patience and a desire to earn. Just invest and wait.
This is so true, most projects have died over time probably because the team members lack good strategies or because they are reluctant to develop the project or they're satisfied with the funds gotten from that project. Let's just be very careful with the coins or tokens we hold for long term, let's also follow the projects closely for updates.
much of altcoin now has not update for their project developtment.no fresh idea and their team have no good skill in blockchain knwoledge.every day we need to check any update from our asset, or we will miss important news that affected to price.
By initial hype help some token try set up, listed and trading. Even low experience people hold this token for long time. I do support new coin and under top 100 coins
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