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Topic: Don't just hold your altcoins for a long time! - page 5. (Read 1411 times)

newbie
Activity: 154
Merit: 0
Good afternoon. I cannot say for everyone, but can elaborate a bit more on my own approach and strategy here. I always start with just an idea, evaluating how it may be spread wider, how applicable it is and else. Then a very important component is the value I can get. Or some benefits. Then paying attention to the team, the roadmap and innovations

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
newbie
Activity: 112
Merit: 0
These 2 industries you've mentioned are a bit different, however, as far as I understand, you are trying to get into the industries, where you are experienced and where you basically understand the growth. And you told that you are interested in modern solutions, how are you choosing the solutions on the market?

Good afternoon. I cannot say for everyone, but can elaborate a bit more on my own approach and strategy here. I always start with just an idea, evaluating how it may be spread wider, how applicable it is and else. Then a very important component is the value I can get. Or some benefits. Then paying attention to the team, the roadmap and innovations
newbie
Activity: 154
Merit: 0
These 2 industries you've mentioned are a bit different, however, as far as I understand, you are trying to get into the industries, where you are experienced and where you basically understand the growth. And you told that you are interested in modern solutions, how are you choosing the solutions on the market?
legendary
Activity: 1974
Merit: 1150
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.

One effort to get information faster is to follow all social media related to invested assets such as Telegram, Twitter, and others. Almost every major development always has a positive impact on demand in the market, so investors or traders who get information updates quickly will have the opportunity to get greater profits than those who dont.
member
Activity: 489
Merit: 16
www.cd3d.app
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, in order to know the details and updates if there are some changes or development of what we hold or invest.
hero member
Activity: 1582
Merit: 523
I have also this coin, after I found out that this coin is for swap I sold my ins in binance.I'm also not updated that there was a swap on this coin, until I check the update on their telegram group. If we are planning to hold alt for long term we have to check their page or telegram group if theire is an update on this project. I have regret I wasn't able to sell ins when the price was high. Lesson learned to be always updated on the coins that we hold in our portfolio.
sr. member
Activity: 826
Merit: 252

don't trust any coin for just buy and hold for a long time, rather keep updating yourself!

Market is mystery and have volatility, people should understand it before replace money. Every strategy have time and " hold " for long term period is only for popular coin ( btc, eth, xrp, etc ) but new coin can't use it. Before replace money, every trader/ investor should have plan and I agree to keep up date with developer news progress and market situation. Most trader replace money and leave it but I'm really sure if we do that our money will not survive.
full member
Activity: 518
Merit: 104
when it comes to alt, its always made me not satisfied with their price. Especially new coin or token, being pumped and dumped always been something i 've always seen. Not too long ago, I ve tried to join a bounty which takes about 1 month to get their token. And like i said before, they were pumped at IEO and now after airdrop distribution, they get dumped at their own market.
It so ironically when some dev try to pull investors at IEO and after IEO and those airdrop just dumped their coin like there's no chance those token will be rise from that IEO level price. Since it like that, now people who are investors need to jump in to follow their dev channel and bounty too. Since they can choose wisely how much risk they will take if they investing in those new token or coin at IEO.
So for my advice is u cant hold new alt for sure if there's no innovation in it. If u just wanna be part of their token just follow their bounty and no need to invest on those things.

hero member
Activity: 1050
Merit: 501
corion.io
I like to keep Altcoins in my cryptocurrency portfolio. I believe that in the future coins will bring at least 300% of the current price level.
sr. member
Activity: 644
Merit: 257
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Oh, you lost all your money because you missed the swap event. I guess we should always keep update on their telegram if we invest a newly coin in the market so that we know what is the next move of their project.
That's one thing to be sad about. If your busy schedule has been the reason of missing it is really painful to bear.

Holding of altcoins is job for professionals
because you need and must stay updated in facts and figure, monitor totally, because there could token swap any time or blockchain relocation
I dont get the logic here, why it needs to be professional? Though altcoin is simple especially if they are using ethereum blockchain. Swapping of tokens are good but it doeant mean normal or average people are not allowed to be holders. Time is the reason why some swap or event missed since not everybody have free time all the time and some have work.
hero member
Activity: 2772
Merit: 645
No dream is too big and no dreamer is too small
Definitely it's very hard to control your altcoin portfolio when you hold more than 10 coins. Especially if there are many low capitalisation tokens there or some new coins.
I have more than 10, maybe 20 or more and you are right, I was not anymore following the update and sometimes when there is a swap, that would give me a problem as coins that I am holding might go worthless if I am not able to swap it at a given timeline.

I realize that we need to hold only few, something that we can follow timely as there's a lot of changes especially on altcoins.
If its only bitcoin then there is nothing to do but just "HODL" it.
legendary
Activity: 1722
Merit: 1014
Definitely it's very hard to control your altcoin portfolio when you hold more than 10 coins. Especially if there are many low capitalisation tokens there or some new coins.
sr. member
Activity: 1638
Merit: 255
Indeed, many coins circulating sometimes they do swap on the coins, so don't let not know because you will loss funds. As the OP said, we must continue to follow their telegram channel and at least every two weeks check the coin community through its telegram channel, so as not to lose the latest information.
member
Activity: 645
Merit: 10
This is a problem for those who hold a lot of assets. This is wrong, because it is very easy to miss something. You need to keep your investments under control. And this is easier to do if there are not so many of them.
sr. member
Activity: 1624
Merit: 261
Always updating the news is one of the keys when we intend to hold a coin, because from here we can see its development and what actions should be taken next. But for me it is not interested to hold altcoin for a long time, especially if the coins are fairly new. I prefer to hold a coin that if it already has a good reputation for example; BNB, Ltc, and etc.

Yes we cannot earn profit just by hodling it unless you are a long term investor, I am sure most of us are not long term investors to invest and forget we need to strike on every single opportunity by making the right moves like buying at dump and selling off when the value reaches the ATH. I know it's difficult to always guess the market situation or act promptly but that's the only way to stay in the league.
jr. member
Activity: 443
Merit: 2
Theagriverse.io
Finally hodlers get rekt as opposed to what was commonly preached some years back. It's better to take small profit than riding down to bottom hoping for moon
copper member
Activity: 966
Merit: 5
Information is very vital in whatever we do whether in the crypto space or not. Therefore anyone holding any coin whether for long term or not should endeavour to visit the appropriate social media accounts of that project for updates in case of swapping so as not to be on the losing end. Also, am of the notion that holding is a good thing but depends greatly on the type of coin, thus in my own opinion I think, if one want to hold for long and won't have time visiting the telegram group for updates then major coins can be the best as it will save them unnecessary worries.
full member
Activity: 532
Merit: 100
yea i agree it is difficult to do so to be honest as there are lots of coins/tokens and over the period of time you will end up with more than you can manage. The swap thing is very irritating though as its very difficult to remain updated with each token. Well in term of bounty hunting and airdrops its very difficult to keep tabs on each token/coin particularly when you have 100's of those mostly shitcoins.
full member
Activity: 854
Merit: 104
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!
Of course, you made the right comments. However, over several years of participation in various ICO bounty campaigns, I have accumulated a lot of tokens. This was facilitated by the fall of the market since the beginning of 2018. For altcoins, the price has been too low for a long time and therefore it makes no sense to constantly check the possibilities for their exchange. Checking their telegram groups even periodically is very difficult. It takes a lot of time. I do this occasionally, as needed. I rely heavily on my friends and acquaintances who also deal with cryptocurrency. Yes, due to various swaps, sometimes you have to lose tokens already in your wallets. But nerves are protected. In many cases, such innovations in projects are associated with the desire of the team to get rid of part of the holders of their tokens. Therefore, they come up with various traps, so that we could not do everything in time. I lose some tokens, but during this time I get several new ones.
newbie
Activity: 84
Merit: 0
I have some personal experience about altcoin sold before the right time, I guaranteed you every altcoin available in Binance will once bounce back hard and even gave you a good profit, Never lose trust on your selected altcoins. But one thing matter that never buy at peak or in fomo if you buy in reasonable postion and hold much long it will defiantly gave you profit.
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