Don't lock your tokens away | Bitcointalksearch.org

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Quote from: MidNite36 on March 04, 2022, 08:40:19 AM

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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 a valid point, there are certain coins in my old wallet where they changed to a new chain and i failed to look at their update after the last correction and only after a few years i came to know that some of the coins i am holding changed to a new chain and when i asked about migrating it to the new chain, they claim that the swapping options is not available. It would call them as a scam as i hold the old coins because i invested money in them and then to take a decision that the coins i invested did not have any valuation and i cannot claim the new chain is ridiculous and once i debated in the official chat they will ban you.

Cling18

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Quote from: MidNite36 on March 04, 2022, 08:40:19 AM

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 a 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 was too unfortunate to have had this kind of experience before where I held a certain coin for a long time without checking its developments. I haven't checked their channels and social media platforms so I wasn't updated. I learned that holding for the long term isn't just holding in time but rather holding while getting updates about it so you'll know if it's about time to sell.

budz0425

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Quote from: MidNite36 on March 04, 2022, 08:40:19 AM

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 agree with this statement, sometimes if you missed checking the project community a lot of things happen. this happens to my friend he is unaware that his token project that he's holding changed the mainnet.
be active in the community to stay updated.

Reid

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Quote from: MidNite36 on March 04, 2022, 08:40:19 AM

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 they? I thought they are just playing around and trying to mimic the ICO history where investors tried to shoot for the moon in just a small amount of time. Ended up as mostly scam projects.

Quote from: MidNite36 on March 04, 2022, 08:40:19 AM

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..

Indeed that is right. You can keep holding it but be refreshed with the new things about the project/coin you are holding. I think those coins that also created their own soft wallets should not be doing any swaps or if they, the investor should not have a problem if he miss it especially if they are promoting to hold the coins for a longer period of time.

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Quote from: MidNite36 on March 04, 2022, 08:40:19 AM

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..

I remembered one token that have value whenever I open my wallet for bounty stakes. After that the token was invaluable because they moved to their main network, it was 800 dollars back then, but now it is worth nothing. So this is somehow true, there are others too, I just can't remember them because I change wallet address frequently especially when joining bounties.
As for the case of investors, or people who buy them. It should be known already to them that they track their coins, inch by inch. Joining their channel and community. They are putting their money on the line, so better be serious about it.

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Quote from: MidNite36 on March 04, 2022, 08:40:19 AM

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..

I only HODL Bitcoin but on other coins or tokens, I keep a watch if they are developing or not and I am quick to dump if they do not deliver to my expectation or they are having a hard time with their platform being accepted by the community, we should not have loyalty to tokens that are not in the top 20 or new coins, it's very tempting to invest in a new coin but there's a lot of risks compared to those top coins in the market.

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Quote from: MidNite36 on March 04, 2022, 08:40:19 AM

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..

You are right, this is why we need to stay active in the community. HODL doesn't mean we shouldn't check on the activity of the project.
If the project requires swapping of tokens then it will definitely be a loss for us if we don't do it within the specified time.
I have faced a similar thing when I had to swap the LEND tokens into AAVE. I had done the swapping almost after a year it was first announced.
I was fortunate enough to receive the AAVE tokens but the cost of swapping was relatively high when compared to when it was first announced.

Similarly, I had some Eidoo tokens as well which I was HODLing for some years but the price of it kept on going low year after year.
So holding for a very long time is also not good sometimes (Not applicable to bitcoin Grin

).

StormHawk

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It's hard, many find it easier to hold coins without checking on them, it's a good strategy of getting your mind off the coins or tokens, there is one way to avoid this and that is to buy coins not tokens, they don't need to switch to another new smart contract, buy NEO, ETH and other coins that aren't token then you will be fine locking them away for a long time.

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Quote from: MidNite36 on March 04, 2022, 08:40:19 AM

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..

Holding tokens is not wrong, but we must be able to choose tokens that have potential. The blockchain token or source from the exchange platform I think the opportunity for that price increase. But it is not uncommon for tokens from exchange platforms to experience scams, so we need to be careful before investing.

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Quote from: MidNite36 on March 04, 2022, 08:40:19 AM

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..

In crypto investing we always think of high profits over a long period of time, so most of us fail by holding certain tokens. I am also holding some tokens, but not getting any results despite the massive bullrun going on a few months ago. Would it be better if we hold the top 100 coins, if we want to hold for the long term.

danherbias07

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Yeah, like check it at least every month or a couple. I have one in ERC20 that was swapped to 1000:1 and I didn't even notice it.
After checking in, I was surprised they are now in the BSC network also. Thankfully, the swap was automatic and all holders doesn't have to do anything.
But how about those who are using a hard wallet to keep their tokens. Mine was saved because it was in MEW.
Checking the portfolio and their updates in telegram, discord or social media pages might be tiring but it has to be done.

AnonBitCoiner

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Yes this is true. Beacuse of Binance smart chain new rules almost every contract has been changed to new one.
We experience many contract change because of hack also like Easyfi,Dego.
Long term Holder should be active and follow project Twitter and notification should be on. If any kind of matter appear then he not loss it.

rahmad2nd

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Quote from: MidNite36 on March 04, 2022, 08:40:19 AM

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..

You was true and I am victim from long term lock my token and right now have lower price, better keep using stop loss limit with 5% until 10% loss than have to be long term holder without increasing profit in daily day. I have decision for my self next time never have any holding again with my assets and always sell or cut loss if price drop, I can get other chance with recovery my assets back with cut loss but keep holding for long term will make us confused what have to do after funds stuck on altcoin have lower price.

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Quote from: Taskford on March 04, 2022, 08:56:19 AM

Quote from: MidNite36 on March 04, 2022, 08:40:19 AM

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 why we need to be active on the channels of the tokens we bought since over the years there are constant changes and token swap is mostly happen when the dev decide to update their project. So if you are inactive and miss this on the deadline set by devs then like what you encounter other will also suffer from this since your hodl money will get 0 value for holding to much and missing the updates.

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.

OP is correct and not far from the point. You can't just be active on bounty you participated for two years and above yet tokens not released to you and within the time it was released, they change address or run mainnet or run separate blockchain, asking for KYC and at the end you miss out. I think it is better to sell when you receive because hodling it longer, the team may decide anything funny about the token and if you are not aware, you just hodl a bunch of useless units of token in your wallet. I now see why some hodlers will dump tokens as soon as it was received, only few projects have continued from whitepaper.

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Quote from: MidNite36 on March 04, 2022, 08:40:19 AM

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..

Some of the traders who want to get rich immediately do this.
They purposely lock their tokens in their wallets without any targets to sell them, even though the tokens they hold initially
rose high during the bull market, there will definitely be a decline after that.
Panic will only make them regret, I have experienced this many times, you are right about that.

Ryu_Ar1

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Because indeed for Tokens I feel that this is not good enough if it is done for a longer term and only for a short period of time may be good for them.
Because indeed for tokens the risk is greater than coins and we don't know whether the plans made by develop will run for the long term or only for a while

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People who think that their coin could be a lot better if they ended up trading, are people who are either veteran traders, or people who have no idea about crypto. If you are locking your crypto down and waiting for it to go up a lot, then unless you picked some bad coin, then you are going to profit from it.

For example, all through the 2020-2021-2022 period, many coins broke over their previous ATH, but XRP failed to do that. Which means that it was a bad coin to hold at the very best, and a horrible one to ever own to say the least. So unless you pick something like that, holding for long term means that you will make a good profit for sure.

Rocky993

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Many new big projects will come in the market in hype and will pump on the other side but if it is not in the interest of anyone in the market then it will be gradually removed from the market and they will have no sign in the market. Where there is an appreciation of old things, everyone has big projects like the old ones, they will always have an equal fund with security. All the old projects like - BTC, ETH, BNB, these projects perform well in the market from time to time with their strong base.

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Quote from: MidNite36 on March 04, 2022, 08:40:19 AM

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..

The only coin worth HODLING is Bitcoin, all the others have risks attached to it I almost loss some of the coins/tokens I received and invested, you have to follow the development of the coin or token in your portfolio in the market and their platform, be always ready to dump if you don't see any improvement don't establish emotional on your portfolio unless they establish their status and reputation in the market.

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Quote from: kentrolla on March 05, 2022, 04:39:50 PM

It's must to stay updated and active on the communication channels of the particular token which we invest into because we have seen some coins have changed the chain or even relaunched themselves with new names ~

It's better to stay active on telegram groups of the particular token. As an investor or someone who is hodling the tokens it's a must to stay updated on all sort of news and updates about the token's performance as well to avoid being scammed as well. I would say don't lock any tokens for an extended period of time.

it is be obligation for us as investors, never leave telegram channel that give us important update about project developtment especialy token swap . personally i see alot miss this swap and blame dev team meanwhile its be their own mistake. our coin be worthless if could not swapped anymore.

Quote from: DevFile90 on March 05, 2022, 01:38:04 PM

You might miss some good opportunities if you hold your coins without constantly following it's updates, ATH can happen at any time it doesn't have to be in bull season for that to happen, also there are coins that lose value until there is no more volume and liquidity available, you don't want to get caught in that web.

information be main assets in crypto market, our assets value depend on this, we will know positive and negative sentiment by following update from dev team and global market condition.

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Quote from: AbuBhakar on March 04, 2022, 10:46:42 AM

Quote from: suzanne5223 on March 04, 2022, 10:41:38 AM

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.

Probably to not be tempted to sell it.

You have a point but locking away crypto still doesn't prevent the habit of not being tempted to sell crypto if the coin holder herself cannot be disciplined enough to have genuine purpose and decision about her holding.

Quote from: AbuBhakar on March 04, 2022, 10:46:42 AM

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.

The early adopter is not the only millionaire we have and the last time I checked most of the crypto millionaires we have now are those who make good proper use of the opportunity the market present.

Quote from: AbuBhakar on March 04, 2022, 10:46:42 AM

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.

Agreed.

magneto

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Quote from: MidNite36 on March 04, 2022, 08:40:19 AM

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..

A good project should always leave the bridging channel open from old to new tokens.

But yes, you should definitely keep in mind exactly what is happening when it comes to market movements.

Crypto is super volatile even from a fundamental perspective, let alone price, so you want to constantly be re-evaluating your choices and decisions.

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Quote from: ?? on ??

not all tokens will experience that, locked by the developer after we haven't seen its development for a long time. And that's the risk we are always passive and don't see the development of assets that we get by hunting for prizes.. and I'm sure a lot of them lose assets, don't they. because the price has dropped but can't be exchanged again..I agree with you, holding too long without seeing developments is the same as storing trash in our wallets.

It doesn't make sense of holding a token for long if there's no longer development.

I'm the same with someone who has done this and missed the profit when it has reached the peak and all time high because I wasn't able to look at it.

And the scenario when exchanges are about to delist it, and you're that type of keeping it there, you really have no choice but to just let it pass if you didn't withdraw it.

A few times of looking at it won't hurt and disrupt your day.

kentrolla

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It's must to stay updated and active on the communication channels of the particular token which we invest into because we have seen some coins have changed the chain or even relaunched themselves with new names, i would say there was a token named GMD which was swapped with a token named COOP at approx 1:4 ratio and then again it was changed back to new GMD, some bounty hunter who decided to hodl the token were not aware reached out when it was too late to do anything. When deadline was breached.

It's better to stay active on telegram groups of the particular token. As an investor or someone who is hodling the tokens it's a must to stay updated on all sort of news and updates about the token's performance as well to avoid being scammed as well. I would say don't lock any tokens for an extended period of time.

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Quote from: MidNite36 on March 04, 2022, 08:40:19 AM

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..

You are right even though I lost some money to hold for a short time from an exchange. Exchange was delisted the tokens for their swap, then I had to pay a withdraw fee. Most of the time, holding or staking rewards is always risky in my experience. Some scam projects want to increase supply by holding your tokens. Once I missed the binance delisted news, so a simple piece of advice for crypto is "Inactive members are always losers".

Webetcoins

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Holding doesn't mean that you shouldn't look. It means that you shouldn't sell. There is a big difference between investing into something and not selling it for 10+ years, and buying something and not looking at the price for even 10 months let alone years. If you have a portfolio, then it is advised to check the news regarding your coins, each of them.

I personally get away with simply just joining their subreddits and since reddit has millions of crypto users, it allows me to check them very carefully. I have been doing this for a long time and whenever there is a new thing happening, it has helped me immensely to catch up before it even happens.

nakamura12

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Not all tokens are like that but it's true that some tokens are like that. When you hold a token and leaving or not checking at all is not a good habit as I call it. It is much better if you check the token's price movement even if you didn't check your wallet on how much your token valued in fiat once you know the token's price at the moment. If you leave it and don't do anything is the same as abandoning the tokens you planned on holding for a chance to earn profit. Not checking at all means that you might miss a trend or opportunity to earn good profits.

DevFile90

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You might miss some good opportunities if you hold your coins without constantly following it's updates, ATH can happen at any time it doesn't have to be in bull season for that to happen, also there are coins that lose value until there is no more volume and liquidity available, you don't want to get caught in that web.

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Quote from: MidNite36 on March 04, 2022, 08:40:19 AM

...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 think the right thing to say is ...be responsible for your investment, i have seen in few occasions when some investors will come to make inquiry about a token they hold, apparently the project have moved to a new chain for quite some time and they are not aware, unfortunately the window for swapping to the new token has elapse long ago, at the end they lose their investment out of negligence, i consider such behavior to be lazy, most projects have social media handle to keep you updated about what is happening, and such big swapping news are often announce in all their social media accounts and a reasonable time is given for all investors to do what is required.
That's not hold, it is laziness, a true holder will at least keep up with update just to be informed.

Doell

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Useful advice for beginners who don't know project development, not even just beginners. Many bounty hunters are involved in hunting so they don't often see too many details of their tokens in an address,the possible cause they don't often see development details is that too many tokens are collected even to the point of useless tokens. The most important and mandatory thing is that long term token holders every week have to do some research, that's it.

darewaller

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Quote from: asyakashi on March 05, 2022, 06:01:17 AM

Of course, you're right with holding a coin and then being forgotten for a really bad time.
We hold the coin for as long as it doesn't matter as long as we monitor the progress of the coin project,
because there must be a lot of changes in the next few years or even
what I really experienced they are not strong in the extreme market.
What I experienced was when I forgot it even left them only a year ago I came back their community
died and I regret why I didn't sell it for a small profit. I'm sure this hurts as much as you feel.
From this I really don't want to hold the old coin in fact I will only hold it for
a week if that means there is good news in the next week.
Small profits are not a problem as long as you don't lose the assets you have bought.

Why regret when your loss is only small? but it makes sense to me after you said that "it's better to take small profits than to totally lose them". It sucks when you're only feeding the scammers and not getting anything but why won't you hold an old coin for too long? Old coins tend to be more safer and they are already on their full phase, I mean they will hardly make any changes anymore that can make you lose your coin if ever you are not monitoring it.

If there is good news with them, that's fine and their value can increase because of it but don't worry if ever your not there the moment that happens because the increase could still continue for a longer time.

D ltr

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Quote from: MidNite36 on March 04, 2022, 08:40:19 AM

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..

thank you for the info, you are right for holding the token for too long, without following developments, the tokens we hold will make losses,
there are a lot of tokens swapped to new contracts and i missed them, and they are just antique tokens for now in my wallet

LogitechMouse

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Quote from: MidNite36 on March 04, 2022, 08:40:19 AM

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..

Good advice that is why I'm just holding only the top coins.

I'm only holding the top coins because I don't want this to happen to me. I still remember a time where I got a token from bounty campaign and fortunately the token got a value. I decided to hold it for quite some time and forgot about it until I remember that token and I found out that they already changed their chain and I forgot about it and didn't exchanged it until now. Right now I don't know if the tokens still has value yet but I chose to forgot the tokens already luckily the value isn't that high (only 2 digit value I think).

For me, its easier to be updated if you will just focus on the top coins as you will see the updates immediately in the internet because of their popularity that is why I chose to HODL just the top coins. Lower risk, lower reward and you can see the updates easier as websites will post an article about it.

smyslov

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Quote from: ?? on ??

Quote from: MidNite36 on March 04, 2022, 08:40:19 AM

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..

Actually the problem here is not holding, but this is the fault of the individual holding the coin for not following every update made by the project developer, holding does not mean we have to just forget the coins we hold, but it is also mandatory for us to stay active on the project channel so that Don't miss important information.

Not all coins and tokens are worth HODLING Bitcoin and only a few coins and tokens have passed the criteria on holding a coin for a long period of time the token and coin that you plan on holding should prove themselves that they are worth holding, but for some coins, you have to follow their development and only hold when you are 100% sure that it's really worth holding and you have a guaranty that the price will increase ten fold by just holding it.

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Quote from: MidNite36 on March 04, 2022, 08:40:19 AM

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..

I am a holder as well and i can really tell that as a holder you must have a consideration and awareness when is the right time to dump in order to save the profits, because to be honest not all the time any token that you hold that making progress can bring your portfolio alive forever.

In fact even bitcoin and ethereum cannot because of the cycle of the market, so how much more alts?

And the sad fact about alts is they ended into shitcoins. Wherein you don't know if you have chance to regain your gains in it once you missed the opportunity to dump.

GeorgeJohn

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Quote from: MidNite36 on March 04, 2022, 08:40:19 AM

Do not hold your tokens for too long without looking back,

While i will embrace or concord on your statement is that some token don't have nice project and for the process of holding it, it can die off without your explanation or knowledge because of bad project, when you hold token you don't have to feel relax or have specific duration it will last before you withdraw or convert to something ease.

Quote from: MidNite36 on March 04, 2022, 08:40:19 AM

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 best option is to be monitoring your token if it's actually in progress in the project or not, you can keep it for long time frame base on it development or propagation, so when it turns negative you can swap to any coin.

xSkylarx

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Quote from: $anounimus$ on March 05, 2022, 06:57:02 AM

In my opinion, every cryptocurrency is a high risk, so be prepared to lose. Look for one with fundamentals so you don't have to worry about exchange pricing or market swings. Holding is for trading, even if it doesn't always feel like it. When the crypto market is flourishing, the profit potential is unfathomable. However, if you want to put an end to your emotional roller coaster, return and buy more at cheap prices and sell high.

Accept this and also invest only what you can afford to lose because, in the world of cryptocurrency, anything can happen. We don't know if the coin will drop massively in value or if you will make a profit, but you should be prepared for anything. Emotions are a major issue when it comes to cryptocurrency investing, as you are likely to experience them if you are losing money. However, with time, you will be able to overcome them. On the other hand, you should double-check the channels, pages, or any other line of communication of the coin in which you are investing so that you are fully aware of what you are getting yourself involved in.

$anounimus$

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In my opinion, every cryptocurrency is a high risk, so be prepared to lose. Look for one with fundamentals so you don't have to worry about exchange pricing or market swings. Holding is for trading, even if it doesn't always feel like it. When the crypto market is flourishing, the profit potential is unfathomable. However, if you want to put an end to your emotional roller coaster, return and buy more at cheap prices and sell high.

Wildwest

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Every hold on a coin we have to monitor the development of the project because they are always there changes for the future, and this is very often found and many investors feel aggrieved because of this problem, so to store coins in the long run it is better to just choose potential coins because they very rarely make changes to their projects.

asyakashi

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Quote from: MidNite36 on March 04, 2022, 08:40:19 AM

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..

Of course, you're right with holding a coin and then being forgotten for a really bad time.
We hold the coin for as long as it doesn't matter as long as we monitor the progress of the coin project,
because there must be a lot of changes in the next few years or even
what I really experienced they are not strong in the extreme market.
What I experienced was when I forgot it even left them only a year ago I came back their community
died and I regret why I didn't sell it for a small profit. I'm sure this hurts as much as you feel.
From this I really don't want to hold the old coin in fact I will only hold it for
a week if that means there is good news in the next week.
Small profits are not a problem as long as you don't lose the assets you have bought.

FrozenBit

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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.

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Quote from: MidNite36 on March 04, 2022, 08:40:19 AM

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.

Dr.Osh

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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.

shinratensei_

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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

Rengga Jati

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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.

Oceat

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Quote from: Taskford on March 04, 2022, 08:56:19 AM

...
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".

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.

coin-investor

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Quote from: MidNite36 on March 04, 2022, 08:40:19 AM

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..

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.

NewRanger

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Quote from: MidNite36 on March 04, 2022, 08:40:19 AM

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.

Quote from: crzy on March 04, 2022, 04:41:57 PM

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.

JeffBrad12

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Quote from: MidNite36 on March 04, 2022, 08:40:19 AM

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.

Quote from: MidNite36 on March 04, 2022, 08:40:19 AM

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.

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Quote from: Issa56 on March 04, 2022, 04:11:47 PM

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.

crzy

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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.

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Quote from: MidNite36 on March 04, 2022, 08:40:19 AM

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..

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.

Issa56

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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.

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Quote from: martha1 on March 04, 2022, 10:48:09 AM

Quote from: MidNite36 on March 04, 2022, 08:40:19 AM

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?

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

Not all good projects will survive for longer time this is why we need to watch them closely and monitor their progress, many good projects of today will stop following their roadmap once the hype is no more or there is bear season and they will slowly get abandoned, you can only hold BTC LTC ETH and other in same strong category for long without monitoring.

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Quote from: MidNite36 on March 04, 2022, 08:40:19 AM

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?

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

AbuBhakar

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Quote from: suzanne5223 on March 04, 2022, 10:41:38 AM

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.

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.

suzanne5223

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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.

Mpamaegbu

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Quote from: MidNite36 on March 04, 2022, 08:40:19 AM

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 word on marble, straight up. I've been a victim of that too. It's a warning every newbie or hodler should heed. It's good to hodl but it's best if one is hodling Bitcoin or Eth. With those ones, there's less chances of worry of migration or integration that can cause anyone to lose their crypto. I hope people who have read this will take it seriously.

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Quote from: MidNite36 on March 04, 2022, 08:40:19 AM

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.

Crypt0Gore

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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.

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Quote from: MidNite36 on March 04, 2022, 08:40:19 AM

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..

Maybe you are pertaining on blockchain tokens that already migrate from testnet/initial blockchain to there mainnet but if you are holding blockchain tokens running on mainnet, You can still recover the new coin once the team decided to do a hard fork.

Can specify what is the exact token/coin you bought that you missed the swap. AFAIK, You can always contact the team to manually swap your token even though the swap period is over since they will mint the same amount of supply of the old token to the new blockchain so basically your unswapped token is just seating on team reserve.

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Quote from: MidNite36 on March 04, 2022, 08:40:19 AM

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 why we need to be active on the channels of the tokens we bought since over the years there are constant changes and token swap is mostly happen when the dev decide to update their project. So if you are inactive and miss this on the deadline set by devs then like what you encounter other will also suffer from this since your hodl money will get 0 value for holding to much and missing the updates.

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.

MidNite36

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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..

Topic: Don't lock your tokens away (Read 437 times)