Topic: Be careful of alts you hodl - page 3. (Read 25110 times)
Over the time I have always been having issues with holding altcoins, if at all I wanna hodl any altcoins, believe me it has to be ETH or LTC, anything apart from that,I will put my money on BTC
yes we will always be careful with this investment, I mean not only cautious but we also have to always monitor the market situation because at any time the coins you invest can experience sharp price drops, but if you invest with a few potential or registered coins at the top 10 at cmc I think you don't need to worry because they always have trading volume every day and there are lots of holders too
do not hold too long altcoin that has no credibility. we recommend holding altcoin king "ethereum" much better. Don't get caught from Altcoin junk or shitcoins.
when the market is bearish as it is now is the time to buy coins and hold them to market bullrun. to choose a coin that we will hold for long therm certainly requires careful analysis and calculation, so it must be careful before we decide to buy the coin.
the market is indeed in a confusing state. sometimes it goes up but there is also a decrease that occurs. I was afraid to invest, but if I did not take risks, then I would never get trading experience and profits.
it depends on how the coins you invest in, if they have a strong team and many users tend to produce good things. long term investment is highly recommended with potential coins or altcoin like ethereum, BNB is one of them. I am very confident in the development of this altcoin
I think that's the destiny of a crypto. indeed like that they will continue to rise and fall in price. there are when they are above there also when they are below. but when we want to make or buy crypto for a long-term investment, we can often read the news and check developments in the coin marketcap first so we can conclude and find out whether the coin we invest in is good and will be profitable in the long run later.
As you know most of the project is launched their own profit and interest that the reason most of the coins are dead now after launching into exchanges and coinmarketcap.
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.
Agree, let's choose coin with solid tech and a team who know how to do business development. Lack one of these 2 elements can REKT you
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.
Agree, let's choose coin with solid tech and a team who know how to do business development. Lack one of these 2 elements can REKT you
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 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.
in 2017 almost all altcoins i was holding are shitcoins because back then i dont know how to find out if a project is a quality project until many of my altcoins died while holding them
Holding promising projects will give a decent return on the investment, otherwise, you will get nothing at the bull run. Quality projects are not much and choosing good projects with real working products takes time. Shitcoins are there just for one reason: Pump and dump. So many red in the street of crypto now as btc is pushing up again and if on hold any bad alts at the moment , then the person is gone for a good with all his funds as they are surging in USD but dumping in btc value, why so many will not even see the light of the day any more.
Red is the colour of the dumpers who have no patience to see the green. BTC value doesn't have the 100% correlation with the market price, altcoins also have a 50% of project vision and 50% of other aspects like the index price of top cryptocurrencies.
in 2017 almost all altcoins i was holding are shitcoins because back then i dont know how to find out if a project is a quality project until many of my altcoins died while holding them
none of that was unexpected. and not only you who experienced it, I also experienced it. and I realize that all of this happened because of our own mistakes in making that decision, and I think not all new or old coins will continue to grow well in the future because I am sure there will be a time when they are truly worthy of investment or will die become worthless shitcoin.
in 2017 almost all altcoins i was holding are shitcoins because back then i dont know how to find out if a project is a quality project until many of my altcoins died while holding them
Not all business succeed, 5 years maximum for some, if they pass through it, they probably made a great one, there's a lot of cryptocoins out there, commonly ERC tokens climb up its price when it hit the market and eventually goes down lower than its original price, but looking on the bright side, some coins succeed and helped people gain profit.
With price movements in the crypto market over the past year, I was finally convinced that it was not worth keeping altcoins for a long time. As soon as they become higher than the price at which you bought them, sell better and do not wait long.
That's the right thing to do, I should have made a good profit if I sold early but we can't go back to the past or undo our wrong decision.Also, it's not smart to sell it now because altcoins are down a lot, we need to be more patient and wait until it will have its own rally.
Investing is really unpredictable, we think past trends will repeat but it didn't but still we need to be patient all the time.
With price movements in the crypto market over the past year, I was finally convinced that it was not worth keeping altcoins for a long time. As soon as they become higher than the price at which you bought them, sell better and do not wait long.
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 absolutely right. Many coin's jump in the market and after couple of months there's value drop so much. Actually you need to check very carefully that project which you interested. Watch their movement, analysis there road map, see their social activity and more thing. If you think things going to wrong don't to be late sold your coin. We all know about Bitconnect.
You have made a very good point. If we hold the Alts for long term and does not look for it's updates, there are chances that project is not moving or dead.
I have observed another situation of token swaps. If we don't pay attention to the updates, there are chances that your Alts gets swapped with other platform and thus your tokens and Investment can become obsolete.
I have observed another situation of token swaps. If we don't pay attention to the updates, there are chances that your Alts gets swapped with other platform and thus your tokens and Investment can become obsolete.
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.
Basically, the tokens of many projects obtained from the bounty, I try to transfer to BTC, ETH or other coins from the top ten. Or tokens of new projects, which are long and thoroughly analyzed. I certainly have little experience, but the strategy is already bearing fruit, although there have been many losses and disappointments. The main thing is to move forward and not despair. In fact, some coins without development and community will lost their value in the long term, we must to be carefull with the coins we use to hold.
I think, you are right. Before going to hodl alts, you need to read well about their plan, aim and how they want to acheive. Jump to: