Topic: Don't lock your tokens away - page 3. (Read 437 times)
It was simply a personal mistake, and you will know for yourself what to do if you have ever witnessed similar situations. And it would be silly for those who intend to participate in projects that are oriented to building their own chain to join the media channels to get updates about the project that they intend to hold for the long term.
I know we have determined newbies among us this days that have developed a strong holding (HODL) habit in themselves, I have an advice for you as a crypto holder and I hope you listen.
Do not hold your tokens for too long without looking back, I have lost some this way because later they move to main chain running on separate blockchain, imagine if you decide to check the progress of that project only in 2024 and you see that you've missed out on swapping your old tokens to the new coin..
This is true for those unpopular tokens. If they have a value today, the next few months it's possible that they no longer have any value anymore. That's why you still need to check it from time to time and even you're busy with your real life activities, still take a few minutes of your time to check on how they're doing and how much it's right now. If it's bitcoin, ethereum and other top coins, there's no problem in locking and keeping it for a long time but if it's not, you should really need to check them out. Do not hold your tokens for too long without looking back, I have lost some this way because later they move to main chain running on separate blockchain, imagine if you decide to check the progress of that project only in 2024 and you see that you've missed out on swapping your old tokens to the new coin..
yes, I agree with this. other than that, don't just hold it without thinking about other strategies. hold is very important, but we also need a strategy for it. sell at a price then increase the asset when the price drops again. however, many people misinterpret hold. sometimes they keep holding back even having lost below 60%, they still keep doing that. well, in the end, the principle will be hold until it becomes zero, or moon.
Well, I don't think it's a bad strategy, because I've done it before. However, I think we need a strategy so that we can hold in order to get optimal results.
Well, I don't think it's a bad strategy, because I've done it before. However, I think we need a strategy so that we can hold in order to get optimal results.
I think that as a holder and you must always be careful with it. It can be said that when you have been investing in a project and your eyes must always keep updated with the new announcement that probably will come soon.
Missing the token swap has become a horrible thing and when the dev gave a deadline about that and this may become another disaster for us. If you have invested in something and then try to be a wise person by maintaining yourself to be keep updated with the latest news. I think that this has become hodler responsibility.
The developer must be another problem as well as it was giving deadline for the swap
Missing the token swap has become a horrible thing and when the dev gave a deadline about that and this may become another disaster for us. If you have invested in something and then try to be a wise person by maintaining yourself to be keep updated with the latest news. I think that this has become hodler responsibility.
The developer must be another problem as well as it was giving deadline for the swap
There are some considerations why we are holding any tokens or coins so far, whether for the long term for years and also short term investment.
Commonly, the problem will be located on what coins or tokens we are holding. Not all coins or tokens are worthy for the long term, moreover the new projects only rise up because of hype, or projects that have no certain strong and use cases funademnatly.
Holding will be also worthy if the coins that we are going to hold even for years are the potential and promising coins.
The one that has no doubt is so far Bitcoin, followed by Ethereum and also BNB. BUt BTC is the most ptential coin to long term holding.
Commonly, the problem will be located on what coins or tokens we are holding. Not all coins or tokens are worthy for the long term, moreover the new projects only rise up because of hype, or projects that have no certain strong and use cases funademnatly.
Holding will be also worthy if the coins that we are going to hold even for years are the potential and promising coins.
The one that has no doubt is so far Bitcoin, followed by Ethereum and also BNB. BUt BTC is the most ptential coin to long term holding.
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Also don't hodl new tokens dump them and buy agaim we can either repeat this process or totally dump it then move to another better project which can give us huge profit again.
I remember someone who does hodl a lot of his token since he saw that the price was pumping so he decided to hodl more which means he's being greedy thinking it could still pump more. And then one day early in the morning, he just saw the price dumped with the face full of regrets he said "I shouldn't be hodling more but instead dump them if I have the chance".Also don't hodl new tokens dump them and buy agaim we can either repeat this process or totally dump it then move to another better project which can give us huge profit again.
Although he got some profit though but not that big and I would say that not all project is worth hodling even for long term especially in altcoins or new tokens. If you have the chance to sell them, you sell them without a doubt it may pump or not for some tokens but it's hard to tell which one so make up your mind already before you lose almost everything.
I know we have determined newbies among us this days that have developed a strong holding (HODL) habit in themselves, I have an advice for you as a crypto holder and I hope you listen.
Do not hold your tokens for too long without looking back, I have lost some this way because later they move to main chain running on separate blockchain, imagine if you decide to check the progress of that project only in 2024 and you see that you've missed out on swapping your old tokens to the new coin..
Do not hold your tokens for too long without looking back, I have lost some this way because later they move to main chain running on separate blockchain, imagine if you decide to check the progress of that project only in 2024 and you see that you've missed out on swapping your old tokens to the new coin..
That's a very bad move if you're going to hodl be sure to still check the progress of the coin you're investing don't be 100% sure that nothing will change but the price, don't be too confident on any coin even Bitcoin the industry is very dynamic one coin or token can change its concept its chain or even dump by developers always monitor always check and don't leave their channel or group even if you've invested in 100 coins, once you've invested in one coin you're on it.
Do not hold your tokens for too long without looking back, I have lost some this way because later they move to main chain running on separate blockchain, imagine if you decide to check the progress of that project only in 2024 and you see that you've missed out on swapping your old tokens to the new coin..
that is big mistake if we hold coin but didnt follow the lastest update from developers team, as investors we have to know what actually going to project. missing swap announcement was big mistake , our coin could have no value anymore if they set time limitation for it. Some of the coins/tokens update their own wallet, so its good to stay updated but if you are holding top coins in your hard wallet, that can be more ok just visit it at least once a year and you’ll be fine.
unfortunately alot holder save their coins at exchange wallet , and some of them need mannual swap. 
I know we have determined newbies among us this days that have developed a strong holding (HODL) habit in themselves, I have an advice for you as a crypto holder and I hope you listen.
Anyone especially for a newbie will be hearing your advice and that seems important advice for the token hodlers. Do not hold your tokens for too long without looking back, I have lost some this way because later they move to main chain running on separate blockchain, imagine if you decide to check the progress of that project only in 2024 and you see that you've missed out on swapping your old tokens to the new coin..
Ah i just know that and im also aware of that. I remember when people are losing their money in the past due to the swapping progress of tokens from temporary chain to the main chain but this must be noted if the developers was making a mistake here. It's caused by the swap ability must be there forever like aave. Just like a portal that used by the people to swap their old token to the new token anytime. If the dev was giving the time to do that but again that's holders right.
As the developers and they must give guaranteed to the hodlers.
You shouldn't just be holding a coin without following the coins process that's really a bad idea, all projects are having Telegram groups and channels where informations are being passed, I believe if you are holding coin you should always follow their Telegram channel and their social media account so that it won't endup being a waste after holding a coin for years just because you didn't follow the project.
it is indeed the responsibility of the holder to keep up with the progress of the project that he is holding. no one will do it for him. if you know you invested a good amount of money like buying from ico/ieo/ido, you will be the one keeping track of the project's development. if you can't do that, just sell the token and just buy like btc, where you can easily check the price in the market. so don't blame the dev team if they decided to switch to another network because usually they post updates before they finally do the switching.
but usually, if you are not keeping tab. you won't know about such devt and it is your loss not the project itself.
Some of the coins/tokens update their own wallet, so its good to stay updated but if you are holding top coins in your hard wallet, that can be more ok just visit it at least once a year and you’ll be fine. Holding is risky as well, its always good to have target price to sell so you can know when you are going to have profit. Some of my friends already forgot their online wallet, if you are planning to hold avoid the online wallet.
I know we have determined newbies among us this days that have developed a strong holding (HODL) habit in themselves, I have an advice for you as a crypto holder and I hope you listen.
Do not hold your tokens for too long without looking back, I have lost some this way because later they move to main chain running on separate blockchain, imagine if you decide to check the progress of that project only in 2024 and you see that you've missed out on swapping your old tokens to the new coin..
Do not hold your tokens for too long without looking back, I have lost some this way because later they move to main chain running on separate blockchain, imagine if you decide to check the progress of that project only in 2024 and you see that you've missed out on swapping your old tokens to the new coin..
I had a very similar situation two years ago. I've been holding the token since the ICO itself for over two years and the developers have found they are changing the network. Fortunately, I managed to get along with them and received from them the equivalent of tokens on the new platform. However, it was a relatively small amount, I think with large amounts it could be a very big problem.
I also support HODL, but we have to check the information channels of the projects we have invested in from time to time.
You shouldn't just be holding a coin without following the coins process that's really a bad idea, all projects are having Telegram groups and channels where informations are being passed, I believe if you are holding coin you should always follow their Telegram channel and their social media account so that it won't endup being a waste after holding a coin for years just because you didn't follow the project.
I know we have determined newbies among us this days that have developed a strong holding (HODL) habit in themselves, I have an advice for you as a crypto holder and I hope you listen.
Do not hold your tokens for too long without looking back, I have lost some this way because later they move to main chain running on separate blockchain, imagine if you decide to check the progress of that project only in 2024 and you see that you've missed out on swapping your old tokens to the new coin..
So what happened to the good old "Buy good projects and forget about them" thing? Do not hold your tokens for too long without looking back, I have lost some this way because later they move to main chain running on separate blockchain, imagine if you decide to check the progress of that project only in 2024 and you see that you've missed out on swapping your old tokens to the new coin..
In all seriousness tho great point from OP im kinda guilty of this practise to as i tend to ignore the coins i hodl as a way of avoiding stressing out about the price fluctuations .but losing all your coins is worst i guess
I know we have determined newbies among us this days that have developed a strong holding (HODL) habit in themselves, I have an advice for you as a crypto holder and I hope you listen.
Do not hold your tokens for too long without looking back, I have lost some this way because later they move to main chain running on separate blockchain, imagine if you decide to check the progress of that project only in 2024 and you see that you've missed out on swapping your old tokens to the new coin..
So what happened to the good old "Buy good projects and forget about them" thing? Do not hold your tokens for too long without looking back, I have lost some this way because later they move to main chain running on separate blockchain, imagine if you decide to check the progress of that project only in 2024 and you see that you've missed out on swapping your old tokens to the new coin..
In all seriousness tho great point from OP im kinda guilty of this practise to as i tend to ignore the coins i hodl as a way of avoiding stressing out about the price fluctuations .but losing all your coins is worst i guess
Locking your token or coin away is not a bad idea but the question is why would hold something you think is an asset that is worth holding for the long term and never following the project updates or add their telegram channel for you to be aware of some important event.
Honestly, this is one of the dont's for every crypto investor.
I am holding a Metaverse project token since the year 2017 and I still have their telegram update and ongoing activities.
Honestly, this is one of the dont's for every crypto investor.
I am holding a Metaverse project token since the year 2017 and I still have their telegram update and ongoing activities.
Probably to not be tempted to sell it. Everybody learned there lesson of holding on Bitcoin and Ethereum which will give huge profit if people bought on early stage of this coin didn't sell until now. Many early adopter already become a millionaire by just forgetting they have Bitcoin and other altcoins then just opening now after watching the news that crypto is on all time high.
There's a high chance that you will sold already your holdings if you will check it regularly especially if the price already grow more than 100% of your initial investment.
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Locking your token or coin away is not a bad idea but the question is why would hold something you think is an asset that is worth holding for the long term and never following the project updates or add their telegram channel for you to be aware of some important event.
Honestly, this is one of the dont's for every crypto investor.
I am holding a Metaverse project token since the year 2017 and I still have their telegram update and ongoing activities.
Honestly, this is one of the dont's for every crypto investor.
I am holding a Metaverse project token since the year 2017 and I still have their telegram update and ongoing activities.
Do not hold your tokens for too long without looking back, I have lost some this way because later they move to main chain running on separate blockchain, imagine if you decide to check the progress of that project only in 2024 and you see that you've missed out on swapping your old tokens to the new coin..
I know we have determined newbies among us this days that have developed a strong holding (HODL) habit in themselves, I have an advice for you as a crypto holder and I hope you listen.
Do not hold your tokens for too long without looking back, I have lost some this way because later they move to main chain running on separate blockchain, imagine if you decide to check the progress of that project only in 2024 and you see that you've missed out on swapping your old tokens to the new coin..
Thats case to case basis. Holding is good and sometime there are some instances like this which the project do and we investors cant do such thing when we slip the time of swapping or any kind fo snapshot in any case we forgot it for a while. Thats why extension should must be given to the community for a long time since some might be around and too busy to noticed. But this doesnt mean holding without looking back is also not good. Do not hold your tokens for too long without looking back, I have lost some this way because later they move to main chain running on separate blockchain, imagine if you decide to check the progress of that project only in 2024 and you see that you've missed out on swapping your old tokens to the new coin..
The danger is holding and not keeping tracks is not just about changing smart contract or missing swap on new blockchain, there are others like
1. Inactivity of the team once hype is no more, you can quickly sell and buy another better token/coin.
2. There are few projects that became a hack victim, following and tracking your token can save your ass and money.
3. The token can reach a new ATH like never before even in a bear market, you will miss out.
1. Inactivity of the team once hype is no more, you can quickly sell and buy another better token/coin.
2. There are few projects that became a hack victim, following and tracking your token can save your ass and money.
3. The token can reach a new ATH like never before even in a bear market, you will miss out.
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