Topic: Don't just hold your altcoins for a long time! (Read 1480 times)
Firstly think, why you have invested in cryptocurrency. The answer must be to make profit. But if you hold your altcoins for long term, how you will get profit. Yes, sometimes value may be decrease and you may have to face loss, yet you should switch your fund to another coin if there is any possibility to continue this negative trends. For that, you need to be always update. It is the responsibility to keep you up to date about crypto market and market strategy if you are a real investor otherwise you will be run away from the market.
Don't hold some good but random altcoins for a long time. If you still want to hold then don't leave their telegram group or other social accounts, check updates on a regular basis. Because if you just hold and keep it in a wallet for 2 years then who knows after 2 years your coin's value may turn into zero value, because of the swap!
this is the problem if you are buying New coins things that suicide to do if you Hold since we already saw almost all of them that after pumping when reaching the exchange then days or months after and the coins are dying so stop doing stupid things but Buy those currencies that proven their capacity to stay longer. I lost many coins because of swap things! Recently Insolar is swapping their token, I did not know about it, because I have been holding for two years but did not care enough as the price was very low! Today I was checking the Coinmarketap android app and saw Insolar coin increased by 530% but their ticker is XNS when I knew it was INS! So, I joined their telegram and get the updates about the swap! Unfortunately, If I fail to swap on time then all of the value of my holding coins will be zero! So, except Bitcoin, Ethereum, don't trust any coin for just buy and hold for a long time, rather keep updating yourself!
Swapping is really bad i think because i also have some coins in the past that now gone because of this swapping since i have no idea in the past about that king of developers movement. 
If this project is still continuing to develop the project that they have, and you intend to survive in the long run, then all you need to do is check its development at any time. but, it's not your fault. compilation of people bored to find information, then they will only survive in the long run without searching for the latest information. Even that is for popular coins such as ethereum, BNB, and others. Well, I look at Insolar prices right now, and it looks like you have a pretty bad loss for not swapping
I agree with you, but there are some altcoins which will benefit you as well like ETHEREUM, RIPPLE, STELLAR, MONERO. I feel secured enough while I invest on these coins for longtime, actually it depends on coin which you are investing. However thanks for your alert message because most of the altcoins fail very badly we need to be more careful while investing in a coin.
My experience never hold altcoin for long term, why I not recommended for all hold altcoin in long time because we can't trust with developer and owner with their coin become profitable at the future or not. Many developer not serious how take care with their coin assets and always bring bad reputation.
There are a lot of risk on holding a coin for a lot of years without updating yourself what is happening on that coin. It is important that you keep track on the current price of that coin especially when you bought that coin with your money and not the money that you earned from bounties or other work.
Even if we say that this coin that you were holding comes from a great project, we still need to know that not all coin will last forever.
Even if we say that this coin that you were holding comes from a great project, we still need to know that not all coin will last forever.
hold atlcoin for longtime give you big risk specially altcoin with low marketcap, unless if market price always rise and
btc price stable.then altcoin will be fine, if not just hold for certain period when you hear good/bad news, then you can make action for that.
yes there have been many cases that have happened like that, for example is altcoin Centra (CTR) which used to have a bounty campaign program in the past few years, and after that there was news that the developer of the project was affected by the case and made several of his teams also affected by the case so finally the price of the token in the exchange place collapsed until it has no sale value anymore and there is no exchange place to sell the token anymore. btc price stable.then altcoin will be fine, if not just hold for certain period when you hear good/bad news, then you can make action for that.
Don't hold some good but random altcoins for a long time. If you still want to hold then don't leave their telegram group or other social accounts, check updates on a regular basis. Because if you just hold and keep it in a wallet for 2 years then who knows after 2 years your coin's value may turn into zero value, because of the swap!
I lost many coins because of swap things! Recently Insolar is swapping their token, I did not know about it, because I have been holding for two years but did not care enough as the price was very low! Today I was checking the Coinmarketap android app and saw Insolar coin increased by 530% but their ticker is XNS when I knew it was INS! So, I joined their telegram and get the updates about the swap! Unfortunately, If I fail to swap on time then all of the value of my holding coins will be zero! So, except Bitcoin, Ethereum, don't trust any coin for just buy and hold for a long time, rather keep updating yourself!
Ins is giving huge time to swap but problem is about increase supply. My another question, what will be the solution who miss this swap.Their coin will have control in project team. I don't like it process because I think team should put time limit in the roadmap during anyone buy their token. I believe, in every swap someone miss this swap. I lost many coins because of swap things! Recently Insolar is swapping their token, I did not know about it, because I have been holding for two years but did not care enough as the price was very low! Today I was checking the Coinmarketap android app and saw Insolar coin increased by 530% but their ticker is XNS when I knew it was INS! So, I joined their telegram and get the updates about the swap! Unfortunately, If I fail to swap on time then all of the value of my holding coins will be zero! So, except Bitcoin, Ethereum, don't trust any coin for just buy and hold for a long time, rather keep updating yourself!
Sad but true. Sometimes good projects just duying
hold atlcoin for longtime give you big risk specially altcoin with low marketcap, unless if market price always rise and
btc price stable.then altcoin will be fine, if not just hold for certain period when you hear good/bad news, then you can make action for that.
btc price stable.then altcoin will be fine, if not just hold for certain period when you hear good/bad news, then you can make action for that.
Holding altcoins for a long time is a not a bad thing, but holding so many different altcoins may be problematic in the end, because it's difficult keep track of all these projects.
Long time holding of altcoins is for professionals traders . Because updated news , research market , could token swap any time or blockchain relocation any time . So you need to consider carefully before making a decision . The point is always to update your information about what is you owned in your portfolio . Which will defiantly bring to you profit.
When you look at altcoin trading volume and compare it with number of transactions on their blockchains, you realize that these altcoins are just good only for trading. Many traders are trying to multiply their Bitcoins by trading BTC/alt pairs. 
Definitely a good idea to keep track of your portfolio fairly frequent. Waiting 2 years to check the status of your coins is not a good idea to begin with but it's a good advice anyway because keeping track of updates will let you have a feel of the progress the team is making regarding the blockchain, coin, partnerships, usage, etc. If none of those are being developed or improved is better to sell at a loss than holding something that might be worth zero. It has happened to me with some coins, they start the "community" constantly updating it, making progress, and through time they stop developing, stop updating, eventually get delisted and become dead coins/tokens.
This is very right, it's not just about doing research to buy a good coin for long term hold,what happens after is of utmost importance as doing research go buy it,as you hold,you need to know other things and events going on,and mostly importantly,if it is time you let go,protect your investment.
it is very common for new projects because I have also gone through several swaps in several projects, following the update of every token that we hold must be done, if only hold without following the update then we can lose a lot of money
It all depends on what altcoin are you holding up because if you hold top altcoins for long term you will win a lot more than holding them for a short period of time but if you hold crap altcoins ( most of them are crap ) you will not make any profits unless a pump comes from out of nowhere. My advice would be to keep your most investment money into Bitcoin and then just buy top altcoins but don't gamble with no-name altcoins.
Yeah. It certainly depend on the utility level, concept, community support and historical info of the altcoin an investor is holding for ling term but select altcoin base on the top slot it have on capital market is not right because there are also some crappie altcoin on the top 100 list on capital market. 
It all depends on what altcoin are you holding up because if you hold top altcoins for long term you will win a lot more than holding them for a short period of time but if you hold crap altcoins ( most of them are crap ) you will not make any profits unless a pump comes from out of nowhere. My advice would be to keep your most investment money into Bitcoin and then just buy top altcoins but don't gamble with no-name altcoins.
So sad to heard that that is happened to you so be careful about what coin you are going to invest because most of them are very risky and possible to turn to zero or become no value.
But there is still more coin who are good in longterm such as bitcoin and ether so don't pick the other coins because if you want assurance just choose that because that coin is already tested the potetnial and team are legit like the ethereum.
But there is still more coin who are good in longterm such as bitcoin and ether so don't pick the other coins because if you want assurance just choose that because that coin is already tested the potetnial and team are legit like the ethereum.
Yep this can be happen if you just hold the altcoins and no updating their telegram channel, you might lost your money. Holding for long is not bad but should keep update their channel so you won't miss the important news.
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