Topic: Do we really need to hold altcoins - page 7. (Read 2351 times)
If I were to agree with the opinions of your friends. Indeed in crypto, we also need time to rest first with hodl. Especially if seen market conditions that are currently does not support. then I think the best option is hodl.
Upon the numerous altcoins I use to get from my campaigns, I try to hold all because of the market situation at hand. For me, I like to do massive investment in crypto currency and I like to prioritize some alts to other, not forgetting bitcoin. I only choose alts that I am confident in and will always trade with them.
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?
the statement that he pointed out there is indeed a point. but keep in mind that the development of altcoin also sometimes can exceed the bitcoin in the results. therefore withstand bitcoin is an advantage besides holding your bitcoin. though not as powerful as bitcoin but for results cannot be doubted because many altcoins which also has the same potential to be great.
in my mind, if you invest you are free to choose bitcoin and altcoin because it will be worth. I will not decide that a good coin or a coin is not good, it just makes me stupid. But what makes me strange is, someone who comes and invests in cryptocurrency they just choose bitcoin just for investment, they are just altcoin only for the investment I mean they do not choose bitcoin. Because I think bitcoin is king today and almost in the future. so unfortunately if not invest in it.
It is very profitable to keep the altcoins while on a rising market but keeping altcoins in a falling market can cause more losses than Bitcoin. Choosing good altcoin and keeping it is the investor's personal preference. Personally i usually keep altcoins at 30% of my bag.
I think we should hold well-known altcoins, they are relatively safe to hold for long-term and they have got the potential to grow in future, but don't hold shitcoins in the hope of getting huge profit.
True. There are very few coins in the market that hold real world applications and solve real world problems. Most of the coins in the market serve the same purpose and aren’t unique. But there are some coins such as NEO, ONT, XRP, IOTA, etc that hold some great technologies and solve real world problems.
if can give a recommendation too there's one coin too we had forgot. that's call Credits (CS). they also have a great's technology. will their fast transaction 1 Million Transaction/Second (TPS , I really sure this become a massive technology invasion on cryptocurrency. they already do a pre realease test and it have a 480k TPS. so this one must be worth for considering
altcoins have high risk but high reward. If you really do your own due dilligence in the coin you want to invest, you can lessen the risk of your investment. But if you want to have a good coin to hold just stick with bitcoin or ethereum as it is low risk but also neutral of having high and low reward.
There are good altcoins out there and holding some with good project and road map will certainly give you profit in the long run. Although, you should hold most of the top cryptocurrencies.
if you someone who likes to just invest, bitcoin will be the king today and almost in the future. So throw your money at alts riskier than BTC. But if you someone who wants to get more BTC, you should trading ALTS. I mean alts by design is to make more BTC. well, dyor and this not an investment advice.
Trading in altcoins to gather more BTC is indeed a good advice and many of the traders in the market do the same. They just focus on gathering more BTC rather than seeing how much fiat money they are accumulating or losing. Trading in altcoins can prove quite beneficiary if you are patient and have good knowledge of the market as altcoins are more volatile and can multiply your investment many times.
A good knowledge indeed is a must when trading with altcoins since there are some of them are there for one time pump and die roughly, and there are other's who's potential has been diminished and been dump due to some unexpected events. We need to be more cautious and be informative always so that trading with alts will not be miserable on us.
if you someone who likes to just invest, bitcoin will be the king today and almost in the future. So throw your money at alts riskier than BTC. But if you someone who wants to get more BTC, you should trading ALTS. I mean alts by design is to make more BTC. well, dyor and this not an investment advice.
Trading in altcoins to gather more BTC is indeed a good advice and many of the traders in the market do the same. They just focus on gathering more BTC rather than seeing how much fiat money they are accumulating or losing. Trading in altcoins can prove quite beneficiary if you are patient and have good knowledge of the market as altcoins are more volatile and can multiply your investment many times.
Well ,
ETH @ 350 USD on August 2017
---- HOLDING ------
ETH @ 800 USD on October 2017
----- HOLDING -----
ETH @ 1200 USD on December 2017
----- HOLDING ------
Profits
Yes off course holding is very much important. We can always use this process to gain profits and its best worked out method ever.
ETH @ 350 USD on August 2017
---- HOLDING ------
ETH @ 800 USD on October 2017
----- HOLDING -----
ETH @ 1200 USD on December 2017
----- HOLDING ------
Profits
Yes off course holding is very much important. We can always use this process to gain profits and its best worked out method ever.
Yes. Holding the altcoins is one of our strategy to cultivate the desires profit when the price goes up. Without holding strategy we cannot go so far to achieve the success. To hold is part of our living in crypto.
I am persuaded that all the alternative cryptocurrencies are different, so definitely there are some that would be worthy of holding, and also there are some that would be non worthy.
All altcoins are have differences, such as their platforms giving help to others by blockchain technology.
There are many altcoins in crypto world and yes there are worthy coin and some of them would be non worthy.
If you do not hold, then you will always be a small person. There will be no big rewards. This is a lot of people's experience, and most people would say so. So listen to everyone.
I think you should hold both. Altcoin also has the potential to profit us if we know the right choice. Bitcoin is still a top priority.
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I am persuaded that all the alternative cryptocurrencies are different, so definitely there are some that would be worthy of holding, and also there are some that would be non worthy.
Not hodling altcoins in addition to bitcoin is analogous to taking one's meal without taking water to push it down. That's the way I see this. Yes, quite alright altcoins rely on bitcoin to push or recline on price. But that doesn't mean one can't hit it big just hodling altcoins. Most altcoins have been known to have even given more dividends than Bitcoin.
Holding for long term is one of the best strategies to get big profit. Personally I'm holding NEO 1 year and for this time its price was increased x150 times (now x30-x50)
From the thousands of coins and tokens that exists, probably 5-10 that are usable for a specific reason and no, CoinMarketCap is not an indicator of how useful a coin is. For example, Bitcoin is a must to hold while BitcoinCash is simply a shitty fork regardless of its current price. Ripple is centralized and It's unlikely to go anywhere in the near future and so on..
True. There are very few coins in the market that hold real world applications and solve real world problems. Most of the coins in the market serve the same purpose and aren’t unique. But there are some coins such as NEO, ONT, XRP, IOTA, etc that hold some great technologies and solve real world problems. XRP solves banking problem by providing speedy transactions with less fees, ONT aims at linking real world information to blockchain technology to store it and provide security and privacy and so on.
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