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Topic: Don't just hold your altcoins for a long time! - page 11. (Read 1480 times)

sr. member
Activity: 1274
Merit: 337
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Altcoins are mostly not form longterm hodl. Trading with altcoins is fun, but when it comes to legit project you should go with the big boys like Bitcoin and Ethereum. Most altcoins won't be around in a few years. Bitcoin and Ethereum will be.
Yes, for long term hodl it is better to choose good coins like Bitcoin and Ethereum, because the new altcoin does not necessarily have good potential like it is Bitcoin and Ethereum, unless the altcoin is always developed by itself and can be able to compete with altcoin which is already top.
full member
Activity: 2324
Merit: 175
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!

100% sure but if they are not addressing questions and there's no update anymore for two months, you can just dump all your coins and consider that a loss, if this is what happening in a project and investors and holders are seeing this, they will be in a hurry to dump their shares and you will be late to find out that you cannot sell your coins anymore.
copper member
Activity: 658
Merit: 402
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!

For some reason, many people still prefer to hold their coins instead of selling it and they always risk the profit that they could get right now for the better profit that they can gain in the future. If you already have the coin from the bounty campaign where you join and it still not listed on the market, you should always look at the updates on their social media account and telegram because it's your responsibility to know it and if you are going lazy to checking those update it might totally end up on the opportunity of earning good profit. I will only hold bitcoin, Ethereum, ripple for a long time and if I have some coin in my wallet that from bounty campaign it's either I gonna sell it out or hold it (especially if the coin has a potential).

To the OP, maybe just move on and try to find again another solid bounty project and make sure you will be updated on their announcements and news.
legendary
Activity: 2184
Merit: 1302
If a survey is to be undertaken on users who continuously check back with the telegram groups of their projects after the bounty is over, I think only but 10% would be for the affirmative. It's not their fault imo, many of this groups become useless immediately the bounty is over, no updates and no active admin to control what goes on in the group.

This tokens are also always very low in price, so majority are always holding for a very long time, as the years run down, it's only natural to lose interest in the respective groups of this projects, especially for those who are holding numerous different tokens.
hero member
Activity: 3010
Merit: 629
Its a must to keep updated to their telegram channel and other social media sites to know the progress of the project especially if this is tokens.

Im holding tokens that I got from bounties 2 years ago and they swap their token as well.

Because im updated with the current development, I swap my holdings in the exchange that support the swap. If I missed the chance then my tokens will become worthless.
full member
Activity: 932
Merit: 100
arcs-chain.com
I think an effective HOLD strategy is needed, There are 03 HOLD coin strategies:

HOLD to target, sell
For example, buy BTC $ 3000 and only sell when BTC $ 15000, this is a buy and leave it to sell only at the desired price. This is the most basic and least effective HOLD way. Assuming BTC goes to $ 14800 and you turn your head, you might have to wait another year.

HOLD flexible
This is the most effective and optimal way for HOLD. The key to how this HOLD is centered on the number of coins sold at a time feels right.

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
member
Activity: 185
Merit: 34
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!

Altcoins are mostly not form longterm hodl. Trading with altcoins is fun, but when it comes to legit project you should go with the big boys like Bitcoin and Ethereum. Most altcoins won't be around in a few years. Bitcoin and Ethereum will be.
hero member
Activity: 2464
Merit: 550
Leading Crypto Sports Betting & Casino Platform
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 think not all altcoins have a bad reputation even though some altcoins are not good but if you buy altcoin then you should buy altcoin in the top 10 rankings on the coinmarketcap list which in my opinion is still profitable and has a very high trading volume.

buying altcoin has a very high risk you can become wealthy if you are lucky in altcoin avoid altcoin which does swap because it is very detrimental to you when forgetting to swap.
legendary
Activity: 2226
Merit: 1086
duelbits.com
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.
You are right. Don't forget to update information regularly related to your altcoins. Sometimes there is good news or bad news that every holder needs to know. Not only about the rising value signal but also other things like swap, new exchanges, delisting info, or etc.

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!
Basically I hate swap. It sometimes makes people confused and some may don't know the information. Moreover, if to swap token cannot be anytime, it is limited only a month or several weeks.   Undecided
legendary
Activity: 2702
Merit: 3045
Top Crypto Casino
Your topic makes me wonder if there is an app that notifies you about important updates such as swaps of coins you are interested in. It would make our life easier rather than having to follow TG channels, tweets...
If anyone knows about such an app, please share it with us.
sr. member
Activity: 1274
Merit: 261
★Bitvest.io★ Play Plinko or Invest!
   I agree partially on this, why to just hold when you can hold and stake?! In that way your amount will grow and you will benefit from
that holding in two ways, price can increase and you will have more coins.
   But some alt-coins don't have staking option, many of them don't. I still decided to hold them for a long time because I believe their
value will rise over time. Chances for them to go to zero value exist, but I am ready to accept that risk and to hope for the best.
member
Activity: 1540
Merit: 68
I will stick to your subject line.

It is not healthy to just hold your altcoins, you need to do follow up, set up a bot alert on telegram to notify you of every pinned posts.

Set up a trade alert to keep you abreast on price flows.

Likewise, you need to follow your portfolios projects on twitter, most especially because altcoins especially are funny.

Token swap can occur any time, and only the right setup can keep you informed.

Recently, cyfm, hubrisone, and even One (Harmony) tokens just did a token swap.

What shall it profit an hodler, to hold for a long time without a follow up??

Is it good to hodl tokens for long term?? If your research and details is correct and sure YES.

But ALWAYS FOLLOW UP your portfolio
member
Activity: 938
Merit: 13
AMEPAY
Yeah swapping can be really damaging for passive investor or hodler who is not much active or online because he can simply miss the claiming or swapping deadline and then the only thing he can do is sit and watch his original coins that have become useless and worthless after the swap, i have one suggestion for serious project teams that have to undergo swaps and that is keep the claiming or swapping process open for lifetime so that anyone can come and claim new tokens by sending the old tokens to teams wallet, i think this is the only logical solution to this problem.
legendary
Activity: 3080
Merit: 1353
It must be really hard though, I mean once you got your token from bounty, then the next thing is to check whether it was listed or not. Then after that you have to check the price regularly, but the swap thingy is very different though as it might really good everyone off guard.

And if you let it sit in your wallet for a long time, then this is one of the dangers. Haven't experience this one though, but I understand the OP's rant, I mean you are holding that token that long and probably work hard for it and one day to your surprise it worth nothing.
legendary
Activity: 1372
Merit: 1027
Dump it!!!
Anybody holding altcoins from ICOs is probably completely wrecked by now. Most of these really didn't hold their value, particularly if they completed in the early half of 2018.

I think people should just set alerts for all their coins using something like tradingview, rather than checking all the time, otherwise that just caused unwanted anxiety.
hero member
Activity: 2842
Merit: 772
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 was also a victim myself, I have altcoins that I hold for a long time but my mistake is that I didn't check the telegram group until its too late. Good thing is that its not that big amount though, probably around 100$.

Lesson learnt for me, currently, I also have small amounts of token that I have been holding for 2 years. But I do keep regular checks now if there are updates or whats not. So that I won't lose them in case there are some changes like swap or something.
full member
Activity: 896
Merit: 108
That's why we need to care more about "what we do" and "what we choose". Get used to all done with a full plan, do not forget to record and check periodically through an official account, turn on notifications for channels and telegram groups of projects that you follow to get the latest information.

I have experience this kind of problem way back, it was a bounty token and I left the official telegram group. When I once checked my alts one by one, following ever inch of their shadows if the they are still alive or dead already, I saw something that was worth but a different token already, they swap the coin and now it is too late for me. It was worth a sell but how would I know, if this post were somehow earlier or I am pack with advanced knowledge about swapping tokens.
That is, cryptocurrency is sometimes full of surprises, the price can pump many times over before it was worthless and we ignored it. So don't underestimate anything here, hopefully, what the OP is sharing can be a lesson for us all.
full member
Activity: 1344
Merit: 110
SOL.BIOKRIPT.COM
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 have experience this kind of problem way back, it was a bounty token and I left the official telegram group. When I once checked my alts one by one, following ever inch of their shadows if the they are still alive or dead already, I saw something that was worth but a different token already, they swap the coin and now it is too late for me. It was worth a sell but how would I know, if this post were somehow earlier or I am pack with advanced knowledge about swapping tokens.
member
Activity: 1022
Merit: 20
RiveMont
I have faced this personally and i know the pain of being deprived of our rightful portfolio just because we were not active in their telegram channel and i think even if swap is necessary or cannot be prevented all old coins or tokens or coins should be auto swapped with new one and im sure smart contracts can perform this task easily, so i feel it is an illegal and unethical practice to deprive someone of his holdings through complicated swap processes.
sr. member
Activity: 994
Merit: 278
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!

Well obviously you need to keep a track on the projects and not hold too many token projects on your wallet. If i see a swap coming and i don't have time to deal with it, i just leave my coins on exchange if it's trusted enough. They are usually handling the swaps and i am not that paranoid when it comes to good exchanges.
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