Be careful of alts you hodl - page 8.

tippytoes

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Quote from: ilovealtcoins on July 25, 2019, 05:47:43 PM

Nearly all altocoin are garbage and are unable to increase value in the long term. You need hold Bitcoin and the rest of the market should only choose 3-5 Altcoin and only spend about 20% of the money available to them.

Most altcoins are really worthless and a lot of them are already delisted in their respective exchanges. Be careful in altcoins that are pump and dump. More than likely, you will be left as bag holder with crap tokens or coins. Bitcoin is I guess still the best coin to hold in long-term. No one beats the original! Grin

fuer44

sr. member

Activity: 1652

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for tokens, it is very risky to be on the hodl in the long run, for reasons of the use of their products and also as you say, the hype starts and finally dies. but for big altcoins like Etherum, I think it's still valuable for a long-term hodl.

ilovealtcoins

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Nearly all altocoin are garbage and are unable to increase value in the long term. You need hold Bitcoin and the rest of the market should only choose 3-5 Altcoin and only spend about 20% of the money available to them.

Tosyn2

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Activity: 566

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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 very correct, we need to be very careful when it comes to investing in Altcoins. I will advise that is better to be on the side of caution by investing in the top coins, especially those that fall between one and ten.

Iyanu14

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Activity: 795

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You are absolutely right about whag you observed it's a fact a lot of those who too the chart then have gone into extinction, we have to be mindful of coin we hold.

Eildosa

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Activity: 572

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It's the truth. We can say that each season has its own altcoins, but then they die and are replaced by new ones. I have always believed that altcoins are most suitable for trading, and for the long term it is best to use bitcoin.

Phantomberry

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Activity: 588

Merit: 103

Yes i do agree on that many of my altcoins are now dissapeared there are several of them are shitcoins or a useless coin. If you have altscoin you hodl have a better price you much better to sells of all them.

kram31

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Activity: 791

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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 so many alts whose not in CMC but they are good to invest in.
Remember that dont look at CMC as it is an additional step for a project to get notice and demand.
What you should go is for the alts and its team to be in the future.

CMC and EXCHANGE is agood thing to have for more than 50 percent pump before, but hey! we are not in 2017 anymore. WAKE UP! get on the project!

senyorito123

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Quote from: ?? on ??

Quote from: islafilipina on July 24, 2019, 08:32:38 PM

For me I always hodl coins that made a strong market in the past years and survive the bear market many times

Always hold the coin which you think the future is bright and in coming time the coin will gain more popularity and the increase in demand will lead to rise in the price as well. Research plays a vital role in holding any of the altcoins. So invest accordingly.

If we're keen in doing research, that could provide us better inputs regarding what type of coin you're holding. The community it belongs always give us the opportunity to gain confidence along with its growth in the marketplace. Somehow we should be careful with the unknown alts that didn't have good reputations, probably you'll be holding and growing it worthless in the future because it won't gain a profitable price.

Febo

legendary

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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.

Marketcaps went up considerably. So coins that were topping the coinmarketcap in 2013 still exist and are much more expencive then back then but that dont make them stay on top of coinmarketcap anymore. Lately a lot of non mined or premined or btc blockchain forks come on CMC and normal pow coins just cant compete with them. If you want to have proper picture you need to slice CMC by some criteria.

103deltafox

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Activity: 491

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You spoke the fact, we really should be careful of the altcoins we invest in, some turn out to be worthless that is why you have to do a Thorough research before holding any altcoin also don't buy any coin because everyone is buying it.

daenarys_stormborn

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Activity: 756

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yes it is true, the altcoins that you invest in the long run do not mean you do not have to monitor, because the development of the project behind the altcoins has an effect on the price of the coin in the market, if the project is stalled, of course the coin price will decrease due to missing its trust and attractiveness of investors

Maamejane

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Activity: 378

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Some of the coins out there just raise you hopes and later kill your dreams later on. Most of the Alt we hold are just worthless and are in there to just beautify our wallet. Nothing more nothing less.

Baihaki Khaizan

full member

Activity: 700

Merit: 100

yes you are right, and this is a learning for all of us, even though I am still a newbie but some of the coins that I saw also experienced a very drastic decline and this is very worrying for everyone who still holds lots of coins.

ducdr

member

Activity: 147

Merit: 10

Quote from: allanr on July 25, 2019, 05:25:06 AM

I just hold several altcoins in 2 years.
2 years ago my assets were estimated 1000$++ and now just 50$ Undecided

Yeah, your investment story discloses the fact that there are losers among investors. Not all investors will get profits from their investments. Now, let's tell us the truth, because I believe (from what you disclosed) you invested in so many shit altcoins with hope that they will rocket to the Moon. Unfortunately, the opposite scenario happened, and you got losses.

allanr

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I just hold several altcoins in 2 years.
2 years ago my assets were estimated 1000$++ and now just 50$ Undecided

ophyrim

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Activity: 994

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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.

Yea you are absolutely right. Because of the coin/token inflation, even many good projects are going to die. I always say that HODL is not a good strategy for altcoins, especially for small marketcap alts. Of course, you can HODL ETH or XRP. but HODL mainly BTC.

IParn

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Activity: 406

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I believe that for long-term investments, you need to choose a stacked coin. Who are in the top and everyone knows about them. Because as for me a strange choice for long-term investments is small and unknown to anyone coins.

DeathProxy

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Holding any altcoin without a real usecase is bad investment choice. Any coin that is just based on pump and dump can die off anytime as long as it does not provide any real life solution. Best we can do as crypto investors is to invest in altcoin with actual product

Darker45

legendary

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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.

Part of being careful is to HODL your coins at the same time exerting some effort tracking down their progress every now and then. You do not just buy altcoins and then leave it idle in your wallet without even getting some news as to its development. That is utter foolishness! Lest you will find out later on that the altcoin you have been HODLing has already long been decomposed.

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