Topic: Do we really need to hold altcoins (Read 2351 times)
Yes, if you are a trader you can grab as many altcoins as possible through trading because once the market recovering we can able to see growth in terms of altcoin prices. So even if you hold the coins until their price starts increasing you will get more benefits from it.
Saving more altcoins will benefit you later.
Various kinds of altcoins can later be exchanged with one BTC, thus holding BTC and waiting for future prospects.
Various kinds of altcoins can later be exchanged with one BTC, thus holding BTC and waiting for future prospects.
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The durability of bitcoin might defeat other existing coins. Hold bitcoin is normal or it can be said that very few people in this community which don't hold bitcoin. Most people usually have a few bits of bitcoin in their wallet. Either they often use it or just silence it in the wallet. And in case of altcoins, there are only a few altcoins that people can put in full trust. Some of them can make a lot of profits.
Someone told me it is better to hold btc rather than altcoins that she doesn't see any reason why people hold altcoin. She noticed altcoins rely heavily on btc that whenever btc fall they also fall with btc. What is your take on this?
I believe that holding altcoins would be the best choice that we could do during this kind of situation. We should store more and try keeping more altcoins so that wewould be able to have a good preparation in the future. Now is also the perfect time for us to start buying and keep holding.
Someone told me it is better to hold btc rather than altcoins that she doesn't see any reason why people hold altcoin. She noticed altcoins rely heavily on btc that whenever btc fall they also fall with btc. What is your take on this?
I do not think the fall altcoins are due to Bitcoin. I think the whales are all divided into the crypto market and they work in groups. Any sell signal is announced, the market will be red. This is a market without legal protection, so the whales often work.
i think so, it will be better to hold bitcoin in long term period investment rather than choosing altcoin to hold in long term period. Altcoin are very vulnerable to be undervalue or even make it zero value. We cant predict how long will altcoin last without any good news or few upgrades on it. its too risky to invest in altcoin for long term period, especially if we face such currenct market situation which the most of altcoin's price dropped and really hard to rise again. I will definitely sell all of my altcoin into bitcoin and hold it.
Absolutely you should! This is of course you have made your research and know you have chosen good coins to hold! If you did your job right, there will always be room to grow.
Bitcoin established its foundation in a strong way thats why its a good choice of investment because of its long term existence. On the other hand, people should also invest or hold altcoins in order to diversify their resources and have different sources of income. With this you cant just focus only in BTC but also other alt opportunities.
Currently holding atlcoin is a great opportunity for us, because the price of ETH is too low if they do not grow up anymore, the altcoin will not be able to rise so high, so I think the market will soon recover and Holding altcoin is a good method
Even though I agree with her to some extent, I also think it is not bad to hold altcoins. Some altcoins like Ethereum are very good and holding them can guarantee you profit. It is only the new altcoins that are coming up that the performance of the coin is not yet stable.
Holding altcoins is ok as long as you are holding a good coins. Its true that holding with new coins is quiet riky because there is no history trend for that coin so its hard to analyze that coin. I suggest only hold top coins in the long run because the chance of having good profit on that is very high. 
as seen from any existing price movement is altcoin very dependent on bitcoin and proved every bitcoin price decreased then decreased altcoin price, but when altcoin price down did not give any effect to bitcoin.
this is what proves that the bitcoin aka keeps growing and surviving in the absence of altcoin.
this is what proves that the bitcoin aka keeps growing and surviving in the absence of altcoin.
Even though I agree with her to some extent, I also think it is not bad to hold altcoins. Some altcoins like Ethereum are very good and holding them can guarantee you profit. It is only the new altcoins that are coming up that the performance of the coin is not yet stable.
I don't think so as well. To my mind, they are worth to be traded because they are more active than BTC. I am sure that altcoins are better for trading than for holding.
For me her point is actually reasonable and correct! I also notice it, when the price of BTC is goong down other altcoin is affected as well which make altcoins dependable to BTC which is not good.
Yes it is. By holding the coin you can help to increase the value as selling will lower the price. Once the product is stable that is the time you can make a sell and earn your profit.
yes, we really need to hold altcoin and btc at the same time.
cause altcoin offer some new feature that you wont find in bitcoin. like : transaction speed, privacy, and other function which you won't found it in btc.
so that's why before we decided to hold the altcoins we must make sure to check their product, community, team, etc.
cause altcoin offer some new feature that you wont find in bitcoin. like : transaction speed, privacy, and other function which you won't found it in btc.
so that's why before we decided to hold the altcoins we must make sure to check their product, community, team, etc.
Holding both for bitcoin and altcoin is rather a good choice. Adding one more option to take more profit is a strategy that everyone has ever thought. It even could be more if they have much in their pocket. Some altcoins have a good prospect, so we should not miss our chance to get additional profit just because underestimating the potential of altcoins.
DO WE REALLY??? no. we arent forcing here. no one has been forced to hold an alt nor bitcoin . if you wanted to earn a profit or if you want to use a crypto for buying or paying , then that is the perfect time to say that you must hold your own altcoins. but if you are just a causual person or an average joe that is not really familliar on how crypto works , then there is no need for you to buy them. crypto is not your business , period.
I think it depends on you though, if you think it is better to hold on to altcoins then hold them but if you see that bitcoin is better to hold on to rather than altcoins then I’d most probably hold bitcoin or maybe almost all of my coins are converted to bitcoin and anportion would be ethereum or something like that.
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