Topic: Don't just hold your altcoins for a long time! - page 10. (Read 1480 times)
sometimes long-term hold can bring big profits, sometimes vice versa. it can happen according to market conditions. if the market is in a downward trend and stuck, then long-term hold is not the solution. because the market will be strongly influenced by transaction volume, so to be able to pump the market efficiently is to increase the purchase volume.
This is quite subjective and it depends mainly on the type of altcoins in your holding. Some altcoins are worth holding on a long term basis but others you just have to hold it for a while before selling it off. I am currently holding some good altcoins together with BTC and i don't plan on selling it any moment soon. Feel free to fill in your bags with $LINK, $DIVI, $OLT.
Of course knowing the update of the coin is very important for holders of long-term investments. I experience the same thing when I don't swap coins that I hold. and finally the coins I could not use. Following the project update is strongly recommended for holders.
Telegram groups will definitely help you to gather some information on what is happening on the coin that you are currently holding as of now. So, you better not to leave them since you will be notified if the coin that you have is rising up or has already a value and ready for selling. Do not just dump your coin and make sure that you sell it when the right time comes. I think it was all a trend in the past years where ICO is popular, A lot of altcoins in the market are all dead obviously in the past years I have a lot of holdings (altcoins) trading it was a good move in my opinion since the price movement has a bit of volatility in it you could still make some profit through it. Don't get me wrong there are a lot of popular altcoins in the market that has a lot of potentials when it comes to long term investment like ETH, XRP, BCH, etc. but surely aside from popular tokens holding other altcoins has a very low chance to experience a price increase from the past years. I think it was just because of a lot of scams that happened and alt because of so many altcoins that are already created to the point that there was no demand for some of the other altcoins.
Yes, by holding altcoins and even new tokens it is necessary for us to stay in their channel, so that we stay awake when any changes occur there, it is important because not all coins are worth holding for a long time, for that reason at least we must be more careful and more considerate of every decision to hold coins for the long term.
Nah, you do not have to do anything of the sort,,, this is only the activity of day trading and pumper and dumpers. If you really like a new project you only need to support its development and follow closely, and contribute on your own be it through helping beta test or using it simply. Just like how bitcoin started out!
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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!
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!
Yes correct. Just be updated for the coin. As a trader it is your own responsibility. If you think it will rise then hold but learn to sell as early as possible when you think it is a bad coin before your profit turns into nothing. Instead, just convert it to ETH or BTC and then wait for it to rise. Do not missed any chance because maybe there is no next time or you have to wait for a long time.
Taking profits at the right time is good, but I think for some quality altcoins with use-case are good to hold in the long-term.
Well if the altcoins has some bounty campaign then you should think about holding it. Im not saying that some of them will not pursue in the long term but most altcoin suffer a great deal of loss and end up dying and failure always happened on their end.
HOLD long term
Long-term HOLD is mainly applied to investing in long-term projects / coins that you really trust. You can buy and wait until the market is saturated, as well as the market to make things clearer
One example of it is ethereum. I dont mind holding my altcoin ethereum for a very long time as we see how dedicated this project for a very long time. I think not all have this kind of seriousness and dedication. Most altcoins I have noticed are all dead but only those retained have listed on major exchanges such as npxs. See the price now and you would hurt a bit if you invest on it on the midst of 2017.
You are right about this issue... it happened to me also with other coins. On some I was just on time, and on others I've lost the opportunity to swap... being a long time holder does not mean that one don't need to care about what is happening on the project, it is very important to get some updates from time to time on telegram or social networks...
Yes, by holding altcoins and even new tokens it is necessary for us to stay in their channel, so that we stay awake when any changes occur there, it is important because not all coins are worth holding for a long time, for that reason at least we must be more careful and more considerate of every decision to hold coins for the long term.
Holding some altcoins that are constantly being developed and developers staying active can be profitable. But what should always be paid attention to is the update on the telegram group for each altcoin.
I had had several altcoins that experienced incredible increases but I didn't realize it, because I rarely opened telegram groups.
There is even an altcoin that does SWAP and I miss the event and then the token becomes junk and can't be swapped anymore.
No problem holding a token for a long time if you really believe the token will provide benefits in the future, but we also keep updated and see the latest news about the token regularly.
I started to learn from many things that happened so that Altcoin that I hold remained monitored and did not miss a few updates that were made.
I had had several altcoins that experienced incredible increases but I didn't realize it, because I rarely opened telegram groups.
There is even an altcoin that does SWAP and I miss the event and then the token becomes junk and can't be swapped anymore.
No problem holding a token for a long time if you really believe the token will provide benefits in the future, but we also keep updated and see the latest news about the token regularly.
I started to learn from many things that happened so that Altcoin that I hold remained monitored and did not miss a few updates that were made.
Only the new coins that has swapping event, this is risky if you not keep monitor of their telegram about their coin you could lose money. Yes, it is better to hold that already long existed in the market just like ethereum, litecoin, neo and etc. that has in the top coinmarketcap.
Actually, it is a common thing to happen in most altcoins in the market,
If you are holding a certain altcoin or those not so popular altcoin, you should actually keep yourself updated to avoid missing important updates about the altcoin.
Aside from that, if you are going to hold for that long, holding a popular altcoin is much better. Like eth, xrp, bnb, etc.
If you are holding a certain altcoin or those not so popular altcoin, you should actually keep yourself updated to avoid missing important updates about the altcoin.
Aside from that, if you are going to hold for that long, holding a popular altcoin is much better. Like eth, xrp, bnb, etc.
I don't think this is a big issue, because if you bought a coin, you have to care your assets! Swapping to new blockchain or in mainnet is very normal for altcoins! So, you have to be updated about all the new developments of your holding coins. You can use the Blockfolio app and turn on the notification so you can get all the big changes of your coins, in crypto every holder are doing this, you should do it too.
When that good coin cannot increase so high more than the price we bought, we can still hold those coins for more because we want to make a big profit from those good coins. We don't have to sell if the price if we are sure that the coin can increase higher than the price now because we will make a big profit when the price can really hit another higher price. But if you don't want to hold for a long time, then yes, selling that coin will be a good way for you to make a profit while you can wait for a while to buy the coin at a low price.
It is actually happening.
At January of this year 2020, one of my altcoin is valued at 3.5 Ethereum and now it is freaking .6 Ethereum.
Been holding it for like 2 years by now just waiting for the ICO to be fruitful and their roadmap to be completed.
But hell, it is like someone is selling way too much. I bet it is one of the large investors or worse it could be the developers themselves.
There is no more update in Telegram group but there is still some at Twitter. I don't really know if I should still hold it. I am at large loss by now.
The only choice is too wait for more updates.
At January of this year 2020, one of my altcoin is valued at 3.5 Ethereum and now it is freaking .6 Ethereum.
Been holding it for like 2 years by now just waiting for the ICO to be fruitful and their roadmap to be completed.
But hell, it is like someone is selling way too much. I bet it is one of the large investors or worse it could be the developers themselves.
There is no more update in Telegram group but there is still some at Twitter. I don't really know if I should still hold it. I am at large loss by now.
The only choice is too wait for more updates.
Unless you got the altcoin from bounty campaign. You will not be regreted when you see the coin price is being unvalue because you didn't spend your money before. Like me for an example, I got some altcoin a few years ago form bounty campaign and at least there is just one altcoin that I think it is potential if I see its price movement. Namely bitcoin token, you may know this coin because a few days ago its price has increased. And the rest the coin are still listed on coinmarketcap but the value are being low.
Swaps can happen or occur in a tokens life at any point in time especially tokens that have upcoming mainnet launch on their roadmap, the best thing to do is to keep track of all the coins or tokens you have so you won't miss any useful new and information
Yes, and if the tokens we have are really good tokens, it will be very useful to track them, but now there are many tokens that are no longer developed by the team so it will take a lot of time if we trace them one by one to get new information for those tokens.
Hey OP, you are mot just alone. I faced similar problem with bitcoin-white coins. I held their coins for more than one year but they suddenly changed their projects and announced their swapping program for very short period of time but my bad luck I came to know about that after the expiration of that swapping duration and now tokens got stuck as their website and its wallet functionalities are not working.
There cannot be a common hold period for all the altcoins. I did the mistake there. I hold these coins but their value is shrinking and most of them got delisted: IPSX, SVD, BTW, ESS and bitrace token. I bought them during ICO but failed to encash when they were at its peaks and now regretting.
There cannot be a common hold period for all the altcoins. I did the mistake there. I hold these coins but their value is shrinking and most of them got delisted: IPSX, SVD, BTW, ESS and bitrace token. I bought them during ICO but failed to encash when they were at its peaks and now regretting.
Swaps can happen or occur in a tokens life at any point in time especially tokens that have upcoming mainnet launch on their roadmap, the best thing to do is to keep track of all the coins or tokens you have so you won't miss any useful new and information
So, except Bitcoin, Ethereum, don't trust any coin for just buy and hold for a long time, rather keep updating yourself!
Always chose popular coin as priority for all activity, it will reduce risk when market goes down or developer stop running their project. We don't know the future and indicator always follow market data ( present ), all opinion is about prediction. Check up date information is good but you also must predict bitcoin movement and event because those thing can break your strategy in second.
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