Topic: Don't just hold your altcoins for a long time! - page 4. (Read 1411 times)
The mistake you made was leaving their telegram or social media account, so you miss all the important information they update. Experience is the most valuable lesson, the loss that you experience can still be corrected in the second chance. If you want to keep a coin for a long time, you should choose the top 10 coins in the coin market.
It's hard to generalise and out it like that in a sentence. Yes right now altcoins are highly risky to hold as we don't know which coin will come of the bubble and last when the block chain and crypto industry standardises. But bear in mind that if you chose the right coin you will be in for a healthy reward.
The fact is that we are already on the verge of the time when cryptocurrency will be appreciated either due to a popular project in society or because of the support of speculators in the cryptocurrency market. Of course, these two options give good chances for an investor, but you should always be very careful about altcoin, because not all altcoins have a final product, and not all altcoins will be supported by speculators when a tight market correction occurs.
It's hard to generalise and out it like that in a sentence. Yes right now altcoins are highly risky to hold as we don't know which coin will come of the bubble and last when the block chain and crypto industry standardises. But bear in mind that if you chose the right coin you will be in for a healthy reward.
Many misery things happened in the cryptocurrency ecosystem. Holding coin since after bull run in 2017 is never encouraging till now, all the coins I held since then is haven't showing any improvement of given me high ROI( Return On Investment).
In my opinion, holding coin now is not to be educated in this current market situation, selling off coin to USDT stable coin is more perfect now.
In my opinion, holding coin now is not to be educated in this current market situation, selling off coin to USDT stable coin is more perfect now.
So sad you didn't know about the swap. Indeed if one must hold for long,the one needs to be in their telegram group to find out about updates and information to know more about his or her holdings. Like you said bitcoin and Ethereum are safe so is other coins as long as you are updated.
Good advice, friend. I have a story like yours, but I always update on their telegrams and Twitter so I always know about every update. both traders and new investors, my advice is always monitor the channel telegram from the Coin that you keep because every update will always be pinned in each telegram so that the holders can find out the good news.
It is very difficult to follow the social projects of all the coins that are in my cryptocurrency portfolio. I generally recommend storing 7-10 Altcoins now. I think that many coins will grow in value.
Good advice, friend. I have a story like yours, but I always update on their telegrams and Twitter so I always know about every update. both traders and new investors, my advice is always monitor the channel telegram from the Coin that you keep because every update will always be pinned in each telegram so that the holders can find out the good news.
Most times we loose alot of investment because of lack of timely information about our investment. It's our responsibility to be updated about anything we invest into both in and out of crypto.
Invest in tokens like temtum that didnt do and ico OR ieo , privately funded and now working with anguilla to deploy their national currency.
I'm going to buy in now before this hits the mainstream news.
LOI just been posted by the CEO in the telegram group.
I'm going to buy in now before this hits the mainstream news.
LOI just been posted by the CEO in the telegram group.
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 this is a typical mistake of any holder.Naturally, those who hold any coin should always be aware of all updates and news regarding this coin.For 2 years, you could still view a group of telegram at least occasionally. 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 it is better to know much about the altcoin before one will decide to hold for a long time.It is very true many people hold some altcoins for longer period of time just to wait for price increase of such coins but later lost it all. Having some vital information about the future projection of some coins is very essential before any decision to hold such coins for long. A lot of changes could come up while holding such altcoins and if one is not current with the trend of things in the social media handle of projects that own the coins,one may loose out.Hence, if one is going to hold altcoins for long,it good to be acquainted with the news and development around the coins.
If you "gots the balls" you can keep the tokens on a trustworthy exchange, as usually they will do the swap for you (binance for example)
True. If you're holding coins, you should always check for updates. Some usually undergo swapping and I've observed once the swap is done the tokens losses their value. So better be updated so you'll know what to do with your tokens.
It was mentioned many times around and it's really helpful to your investment as many times same incidents has been happening to this industry.Keep yourself updated it will increase the chance of getting much higher benefits, knowing when to position yourself and act in the right manners
to avoid losing your tokens or value of your assets.
This is a rather multifaceted question, to which we will not find a direct answer. The issue with our altcoins is not simple. Indeed, each altcoin has its own strategy, its own business. Some may be scammers, others simply inexperienced in their endeavors, in the third it will turn out to be a successful project. To know in advance the result of the appearance of each altcoin, its future profitability is impossible. I keep my tokens for now and hope that at least some of them will bring me good profit in the future.
Depends what altcoins are you holding but if you hold a lot altcoins from my experience in the end the wait will pay off if you won't sell when the pressure its big and you won't sell again and the 1st profit you make with that altcoin (again depends what you're holding ).
Personally I hold some altcoins for a pretty long time but I never hold altcoins that don't have something to offer and the team won't work enough in order to improve the project and bring new forces and new techs into it.
Personally I hold some altcoins for a pretty long time but I never hold altcoins that don't have something to offer and the team won't work enough in order to improve the project and bring new forces and new techs into it.
True. If you're holding coins, you should always check for updates. Some usually undergo swapping and I've observed once the swap is done the tokens losses their value. So better be updated so you'll know what to do with your tokens.
There is no point making invesment without taking full responsibility on it. This is as good as throwing money inside the ocean. First you need to be responsible for your investment and that needs proper follow up so you can know when to sell off , take profit or hold .
I always evaluate the value. One of the most interesting solutions for me is GET protocol with entirely new standards on ticketing industry. In few words, GET Protocol offers a blockchain-based smart ticketing solution that can be used by anybody who wants to sell tickets in an honest and transparent way. And just imagine how large market is and how solution can help here. Also, for example, GET team announced that they are moving into the Korean market. On top of that, GET Protocol will be the first BApp in the ticketing vertical to partner with Klaytn, the blockchain subsidiary of Kakao (look that name up if you don't know it..). And around 300k tickets are sold already via GET. This is the amazing example of real solution that brings real benefits. Also interested in your opinion
Yes you're right. I think it is necessary to keep in touch all the time to the telegram groups or any of the social media accounts of what/where we invest.
If you are in an investment cycle, you cant just be quiet but you must be at the forefront of knowing all kinds of information about the assets you are investing. We never really know when something bad is happening because this popular cryptocurrency is still very vulnerable to hacking and can cause price dump quickly.why you wont know when in the first place you said that we must alert and stay updated on the market or on the coin that we hold . if we are updated we will know if they will make changes or not but when it comes to hacking or manipulation , no one will warn you about that because that is a compulsory job by the people that are unworthy . but manipulation is better than being hacked because theres still a chance that you can recover what you lost but in hacking , chances are super slim
Sounds rational, you seem to be on the market for pretty a long time. And as for today, are there many platforms/solutions that pass your "test"? Would be definitely interested to hear some recommendations
Well, my own favorite is Carnomaly. In few words, Carnomaly automotive rebate was created to allow consumers who purchase new and pre-owned vehicles the opportunity to save more money when purchasing from an authorized automotive dealership. Consumers who hold CARR tokens will be placed into tiers which will allow certain benefits based on tokens held. The more tokens held, the higher the tier, the better the rebate is. Consumers will be able to get a max of a 30% rebate. Of course, I also recommend you to have a closer look at their website to explore more
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