Be careful of alts you hodl - page 4.

thunderbitz2717

sr. member

Activity: 594

Merit: 250

Quote from: old fart on July 20, 2019, 09:40:24 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 correct mate, We must be sure about the altcoins for long term. Majority of them actually are good in hype but in the end it turned into nothing. Always look for the top coins in the market that listed at the coinmarketcap in which is top 10 coins. And one of the good for long are Ethereum, ADA, Waves, Pundix, Vet, and Nem.

cryptofirm

sr. member

Activity: 1039

Merit: 250

BabelFish - FISH Token Sale at Sovryn

Quote from: old fart on July 20, 2019, 09:40:24 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.

thats why we must do our deep research first before decide to invest on any cryptocurrency my friend
and dn't forget to think about the risk and rewards,
anyway, for me the safest alts to invest in long term is the TOP 10 alts in the coinmarketkap

Bay_Harbour_Butcher

full member

Activity: 728

Merit: 101

I strongly agree with you, because not all coins have a good development and community, and in the end the coins will only end up disappearing, because investors will definitely sell all the coins they have, so that development and community are very important in the survival of a coin

joinfree

sr. member

Activity: 1274

Merit: 260

1A6nybMUHYKS6E6Z3eJFm4KpVDdev8BAJL

Holding altcoins can be a real danger as most of them turns out to be come shit coins. I was holding several altcoins back in 2017 but now they are worth nothing and the lesson that i have learnt from this is to hold much of Bitcoin and few other altcoins probably Ethereum. For the upcoming ICOs and IEOs it is best to hold them for a while and sell it off once its price increases over the market.

safem

jr. member

Activity: 454

Merit: 1

I want to agree with you that there is a need to be absolutely careful with regards to the coins that one is holding for long period of time. Some coins whose prices were initially high on CMC during their first launch in exchange are actually worthless now. Majority of them kept going down even when the market is rising gradually. It will not be a thing of surprise if after a while they are no more in existence on CMC. We need to monitor our coins and that we have been holding for a long time. If need be, we may sell them on time so as not to loose on both ends.

ilovefeetsmell

hero member

Activity: 686

Merit: 510

Quote from: rdluffy on July 20, 2019, 10:57:32 AM

Of course, the first thing you have to do when you invest in cryptos is to study the market and the coins you are interested

I already invested in a lot of coins, like 15 different coins at the same time, and with this thought I lost some money
Now I prefer to have 5 coins in my portfolio and only solid coins, now I feel better and gaining money

Way back in 2017, I worked hard to make money but I ended nothing. All tokens I'd recieved from my previous campaign has lost its value. The team and developers neglected their responsibilities in their project.

I hold my tokens before because I believe that the longer you hold, the value will increase but I was wrong. I know all of us regret it for holding the token for a long time. I wouldn't say that all tokens are the same, it is up to you on how much you believe on alts.

xOdiumNostrumx

full member

Activity: 1064

Merit: 101

Well, there will always be a natural selection as it is on every financial market, so why the crypto one would be an exception. If you really want to optimize your portfolio, you have to constantly be up to date with the projects that you are holding, so you can eliminate them if they are under-performing.

VIP BTC

member

Activity: 375

Merit: 10

a number of tokens die after the initial hype because they cannot strengthen the tokens after listing, this is necessary because they do not have budget funds when starting a project because we know that after registering the market moves to buy tokens they have a lot of inventory. so to choose a long-term project you must look at the number of supply tokens before holding the tokens.

mdenys

full member

Activity: 560

Merit: 100

It is true ,there are too many coins from suspisious projects on the market, I prefer investing my money only in solid projects with a honest CEO and a good team.

Xalata

member

Activity: 266

Merit: 10

Some projects really surprise me as to how they turn out to be shit within a very short time. We need to be very careful with the coins we hold, if you don't believe much in a project, convert the coin to a more stable one instead of holding a coin that will turn out to be shit.

Chicky213

copper member

Activity: 476

Merit: 4

Quote from: zenhu on July 20, 2019, 12:01:15 PM

Yeah many coins development are ignored by the team after they got profit, we must be carefully whenever holding altcoins for long term, always up to date with the newest information from that project. Don't you hold some coin that will be delisting on market, that is sign they are no more hope to grow up.

You made alot of sense, one need to follow the progress of any altcoins which they hold,especially if it's not among the Top 20 coins listed. Go through their Telegram Community, visit their social media pages and find out new information about them.

asajapheth

jr. member

Activity: 76

Merit: 4

To be honest; I regret hodling most of my altcoins for long. They should be sold as soon a possible.

I spent weeks studying each of the altcoins I hodl, even going as far as identifying use cases. They all seemed prospective solid team and idea, but just take a look at CMC.

killat

member

Activity: 742

Merit: 21

Be the reason someone smiles today

You should not keep more than ~25% from your holdings in altcoins.

Crypto market is cyclical, bull and bear periods will come, but overall altcoins will not behave better than Btc on longterm.

Aryleeto

jr. member

Activity: 406

Merit: 1

Quote from: old fart on July 20, 2019, 09:40:24 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.

New technologies always come and old go , I think you should not keep many coins in them because there is always the risk that the coin will disappear and will cease to develop.

simpelplan

jr. member

Activity: 407

Merit: 2

SmartFi - EARN, LEND & TRADE

if you want to invest in the long run, make sure you choose the top coins or altcoins in the top 10 at CMC, most of them have further price developments, but you also have to pay attention to the market situation including the coins you invest, and not recommended if you invest in dead coins or don't have price developments. this is very risky

blue_hurricanger

full member

Activity: 653

Merit: 183

Quote from: old fart on July 20, 2019, 09:40:24 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.

It's not fair to take 2013 as a point since back then, cryptocurrency was quite young and immature. Not many good coins back then so there's a reason why they've gone if we looking at today.

Leo

member

Activity: 620

Merit: 10

Trident Protocol | Simple «buy-hold-earn» system!

Quote from: old fart on July 20, 2019, 09:40:24 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.

there are lots of shitcoins in coinmarketcap, Cmc is more concerned about the trading volume, irrespective of if the coin is having a good team or working products, so I won't be surprise if lots of coin on coinmarketcap are no longer there

samcrypto

sr. member

Activity: 2044

Merit: 314

Vave.com - Crypto Casino

Quote from: renault18turbo on July 30, 2019, 05:02:12 PM

You should be very careful with alts. Back in time I had many altcoins and I had no time to monitor each of them. So I lost a good part of my holdings

I also made a mistake like that before, and now that altcoins are gone and have no value at all. We have to take care always because even the strong altcoins can also go down, so watch always. If you have many coins better to reduce it with the most effective coins that you have, more holdings meaning more stress to me.

Musekay

jr. member

Activity: 260

Merit: 1

I think before going in for the hodl, you have to read well about the alts and see what they aim for on the long run and how they aim to acheive that.

Razerglass

legendary

Activity: 1036

Merit: 1000

https://bmy.guide

Quote from: retnoanjani on July 30, 2019, 05:35:53 PM

Quote from: jonaire99 on July 30, 2019, 04:24:30 PM

Always do a research first on the coins you want to invest and hodl, Coins with active developers and supportive teams will surely stay long in the cryptomarket. These developers keep upgrading or innovating their coins to meet the challenges that lies ahead thus keeping also their coin on the top of the market.

Projects that are working products and real uses, will certainly always innovate and develop projects. Then the analysis is very important to determine the right time to sell and hold. By understanding the roadmap, we will also find out the team's seriousness in developing the project.

It is meaningless to think about the loses. I don't invest in the small projects that never will reach the goal of the whitepaper. Projects usually have goals which they don't reach in the bear market and they take responsibility after blaming the bad market circumstances.

Topic: Be careful of alts you hodl - page 4. (Read 25120 times)