Topic: Don't just hold your altcoins for a long time! - page 6. (Read 1480 times)
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.
Exactly, holding for a very long period of time is risky, firstly, all capital invested can turn to dust and secondly if not following the project telegram group and Twitter page well, you can aswell lose the token due to swap. Is better to sell and move on than holding for long.
It's really important to always check on our holdings and investments especially if they're not on top of the list where we could be kept updated easily. I have coins that I have held and I was too confident that it will grow and rise in time but I made a mistake. I found out that those coins dropped down and have lost their value. From then on, I have decided to invest only with top coins where I don't have to check on it regularly and I would have the confidence that it will give me a good profit in time.
I have also made mistakes and the lesson that we need to understand is that the development of altcoins in this market always has many different cycles, it not only can always increase over time, it still has periods of complete destruction then depending on the community, they will determine the location of its fall and decide its survival, so holding for a long time is a plan that is easy to go bankrupt. Updating and managing, choosing top coins can limit this bankruptcy but in general, short-term goals should still be prioritized
It's really important to always check on our holdings and investments especially if they're not on top of the list where we could be kept updated easily. I have coins that I have held and I was too confident that it will grow and rise in time but I made a mistake. I found out that those coins dropped down and have lost their value. From then on, I have decided to invest only with top coins where I don't have to check on it regularly and I would have the confidence that it will give me a good profit in time.
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
Holding is not even a job but it can be considered as an investment purpose that must be done by people who really understand about the market, and how crypto market works. It's a difficult task for amateur person to do that. As already stated by OP if he was missing the event and that means if both the developer and OP were in the same position. because you need and must stay updated in facts and figure, monitor totally, because there could token swap any time
or blockchain relocation
That's not totally true. It depends on the kind of altcoin you invest in. There are many altcoins that has been established in the market or that has great utility potentials, such altcoins can be held for a long time. Important thing is that adequate research should be done before investing in any altcoin let alone talking about holding.
Before investing, you need to carefully study that coin because you can not always earn a stable profit from this market. In addition, you must have confidence when choosing to invest because some coins are still in a downtrend, so you need to consider carefully before making a decision. Personally, I only invest in top 10 altcoins in this market because these are very interesting options for me.
I still keep coins that have not yet been registered in the exchange, if what you say has happened, this needs to be followed up on, but I think storing coins can also provide benefits, where coins that previously had low values might be going up in value. The point is always to update information about what is owned.
Always think positive
Always think positive
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
because you need and must stay updated in facts and figure, monitor totally, because there could token swap any time
or blockchain relocation
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.
Keeping yourself updated is one of your major responsibility,
Especially when it comes to holding your altcoin. Always absorbing updates is a must to keep your investment alive. Holding is not only a matter of waiting for a long time and sell if you want to or if you made a profit. It is also about how you handle it in a right way.
Especially when it comes to holding your altcoin. Always absorbing updates is a must to keep your investment alive. Holding is not only a matter of waiting for a long time and sell if you want to or if you made a profit. It is also about how you handle it in a right way.
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!
For tokens, it is necessary to continue to join the telegram group so as not to miss the news about the swap. At least we follow the social media project that we hold the tokens. For altcoin, I agree that we shouldn't hold on in the long run because there will be new projects that might be more profitable
Indeed, this is always a must-see because many old altcoins are missing and I also lose a lot of altcoins because they do not follow the novelty of the coin so that its value is now zero, and many investors are not Pay attention to this so that they suffered a big loss because of investing in the old altcoin in the long run, and now we can see many old altcoins that lose track.
This is great info, I have also lost many coines due to swap or totally dead of the project after some months. I personally learned to sell your coin if it gives you a handsome return and again buys it in the dip.
That's not totally true. It depends on the kind of altcoin you invest in. There are many altcoins that has been established in the market or that has great utility potentials, such altcoins can be held for a long time. Important thing is that adequate research should be done before investing in any altcoin let alone talking about holding.
one should have a separate file if you are holding a lot of tokens or altcoins and update them each and everyone of them. or maybe put a category as active or inactive if it is still in the market. I have also several tokens that I have not followed anymore because some of them are still in exchanges but not worth selling anymore, so I have no idea if there is a swap or not. but if you really invested a good amount of money buying those tokens, I guess it is a must to track the progress of your tokens and sell it as fast as possible before it has no more value in the market.
It always happen to me I lost some of my altcoins because of this swap thing happen after I holding altcoins for so long. But sometimes after the swap their are have a huge happen after the swap because the price of it will take high. So we need to keep all social media they have so that we always know about the update of the altcoins we hold.
Swap thing is surely a pain on the ass when you missed out such event but there are projects that doesnt have a deadline nor a cut-off on when you can swapout your old tokens which means you can swap it anytime but well if you're too late then theres nothing you can do but to regret on why you havent checked out
the updates into those projects.Profitability or money making is somewhat mixed up with some sort of luck because things cant be always on our grasp.
The communication and updates is really a must if someone really wants to hold and wait for a hype of a token or altcoin. I've been holding so many tokens right now and I admit it that it is really hard to be updated with the current news about these tokens.
Just like yesterday, I was about to lose tokens to be received this coming March just because I did not read the announcement made on the telegram. Gladly, I was able to fix the issue with our bounty manager.
There's also one time when I did not read the news about one of the tokens I keep where it rose up to $4k on its first two weeks in the market. It is really a big amount of money here in my country, and unfornately I lost the chance to sell my tokens just because I didn't get updated in telegram. Hopefully, it won't happen to me again.
Just like yesterday, I was about to lose tokens to be received this coming March just because I did not read the announcement made on the telegram. Gladly, I was able to fix the issue with our bounty manager.
There's also one time when I did not read the news about one of the tokens I keep where it rose up to $4k on its first two weeks in the market. It is really a big amount of money here in my country, and unfornately I lost the chance to sell my tokens just because I didn't get updated in telegram. Hopefully, it won't happen to me again.
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!
Most times you hear people saying holding is bad and it is this issue of swapping that causes it, hence the total concentration on major altcoins which are already built and have a clear line of development. But from another angle, most of the projects doing swapping is all for the betterment of the platform as they wish to migrate to their own blockchain so as to fulfill their obligations. Which is also a good reason to have a good roadmap as to when swapping is anticipated to take place, so that every potential investor can have that in mind prior to investing. In the same way, visiting the telegram group once in a while saves unfortunate circumstances.
Here comes the age old debate between the main coins (btc,eth) and the altcoins. I think we will reach a stage where altcoins which have enterprise and real world adoption will take off. Of course they will not give you gains like the early Bitcoin days but I think you still have a decent chance of making money.
It always happen to me I lost some of my altcoins because of this swap thing happen after I holding altcoins for so long. But sometimes after the swap their are have a huge happen after the swap because the price of it will take high. So we need to keep all social media they have so that we always know about the update of the altcoins we hold.
Keeping new altcoins are very tasking, you have to visit their channels everytime to stay updated and not miss any valuable information, you have to make that decision from the start before investing in new altcoins
For now it is very risky if we make an investment in the new altcoin, because we do not know to what extent the new altcoin will be developed by the team, because many new altcoins are neglected and ignored by the team, causing a loss of value in the altcoin itself. Jump to: