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Topic: DONT MARRY YOUR ALTCOIN BAGS - page 10. (Read 2294 times)

full member
Activity: 826
Merit: 100
June 17, 2020, 07:39:53 AM
#52
Don't hold coins that are under top 100 for long, they can bring huge ROI unexpectedly but always watch out for pumps and quickly take out your profits, only hold top altcoins for long, be smart
Basically holding Altcoin too long also has a high risk, so in this case it is clear that Altcoin which is always included in the top 10 is much better than Altcoin which is under top 100, although both have risks, but Altcoin which is top 10 more recover quickly and will not die easily because there are so many devotees.
full member
Activity: 527
Merit: 113
June 17, 2020, 07:36:49 AM
#51
Today is already alt season so I guess we can see some good gains on some of the tokens or coins we are seeing on the top list. Yes most of the tokens are worthless and Im also been dragged and married to some of it. We can only bet some of the tokens we hold could fly higj soon but mostly my tokens become valueless. I agree with OP, only focus on tokens/coins that have potential and drop all those tokens came from bounty and buy some good ones like ethereum, and some altcoins that are on the top 50 to 100 at least.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
June 17, 2020, 07:29:46 AM
#50
We don't have to hold altcoin for the long term because once the altcoin price increases, we need to sell it right away before the price drops too deep. If you still hold your altcoin and not sell it, that will be a doom for you because if bitcoin price is down, your altcoin will follow to get down, and you don't have a chance to sell at the highest price. From the story, I think we need to know the right timing to sell the altcoin and convert it into bitcoin while we still have time to sell.
legendary
Activity: 2492
Merit: 1215
June 17, 2020, 06:27:40 AM
#49
Don't hold coins that are under top 100 for long, they can bring huge ROI unexpectedly but always watch out for pumps and quickly take out your profits, only hold top altcoins for long, be smart

I've bought Waves when their price was about $3. Not their price is above $1.25. Once they were on top20, during 2019 they went down to top50, and now they are on 59 place. I think I've married Waves til death do us apart. On one hand I understand that they wont reach that price ever again. On the other holding doesnt cost anything and fixing losses now is not the best option.
hero member
Activity: 2576
Merit: 579
June 17, 2020, 06:18:49 AM
#48
Give me a bag full of binance token or huobi token I will gladly get married to these coins and few other coins too  Cool the fact is it depends on what you have on your portfolio, some coins are good for long term hold no matter how long you hold them, quality coins aren't for jokes
Yes, indeed, some good Altcoins are good to hold, just holding them for too long is not necessarily good for us personally, because good Altcoins can also go down in price when we don't expect it, even if it's Altcoin from exchanges that are already very popular.
member
Activity: 784
Merit: 21
June 17, 2020, 05:33:04 AM
#47
Give me a bag full of binance token or huobi token I will gladly get married to these coins and few other coins too  Cool the fact is it depends on what you have on your portfolio, some coins are good for long term hold no matter how long you hold them, quality coins aren't for jokes
hero member
Activity: 2940
Merit: 613
Winding down.
June 17, 2020, 05:26:31 AM
#46
I'm sorry to inform you sir that I've married an altcoins, I'm a bag holder now and I have to be honest, it seems like I'm losing my love to them.
The early months of our married, I usually look at my altcoins bag and I'm inspired looking at it as the market is still bullish, but now, I don't look at them anymore.
legendary
Activity: 3276
Merit: 2442
June 17, 2020, 04:51:03 AM
#45
I'd rather say don't marry anything or anyone.  Cheesy

Play solo.

If it is overvalued, just cash it out no matter what it is.
full member
Activity: 1078
Merit: 104
GoMeat - Digitalizing Meat Stores - ICO
June 17, 2020, 04:43:00 AM
#44
This is quite true. Holding or marrying too many altcoins is very bad because only a few can always try to retain their values while on the other hand, holding new altcoins for long is a terrible idea because most times the team put their interest first. However I am of the opinion that although many altcoins are not worth holding but I think a coin Ethereum is worth the attention because recently it has shown to grow and always maintain a good price, but that doesn't rule out the fact that holding Bitcoin is the best but yet holding 1 or 2 major altcoins could also be a good idea.
full member
Activity: 379
Merit: 100
Decentralized Ascending Auctions on Blockchain
June 17, 2020, 04:36:14 AM
#43
It's like you are going to go forever with this altcoins, it's dangerous and very risky, altcoins come and go once you are late in the ride of selling your altcoins, you will be left of dead and useless coins so better check from time to time if the altcoins you're holding still worth holding.

True! I always set a profit target when I'm holding ALTCOINS. The profit target varies, however, it is unlikely for me to change my target. Once the profit target is hit, I'm gonna sell the coin immediately without holding for a little bit longer!
full member
Activity: 952
Merit: 110
June 17, 2020, 04:32:00 AM
#42
Don't hold coins that are under top 100 for long, they can bring huge ROI unexpectedly but always watch out for pumps and quickly take out your profits, only hold top altcoins for long, be smart
member
Activity: 952
Merit: 27
June 17, 2020, 03:55:10 AM
#41
It's like you are going to go forever with this altcoins, it's dangerous and very risky, altcoins come and go once you are late in the ride of selling your altcoins, you will be left of dead and useless coins so better check from time to time if the altcoins you're holding still worth holding.
sr. member
Activity: 1330
Merit: 326
June 17, 2020, 03:52:26 AM
#40
Seems you were bagholded the wrong altcoins.
There are good altcoins that worth to hold, worth to wait for the right time to sell and have indeed a good platforms and products. I have few altcoins in my wallet, one of them is ethereum. And I don't even regret bagholding that one. Yes, bitcoin is worth to invest but do not forget that there is still good altcoins to be hold too.
sr. member
Activity: 1188
Merit: 251
June 17, 2020, 03:10:56 AM
#39
this is the same as you choose 1 out of 100 coins that will increase 10-100x, while the others will be destroyed.
it's better to buy BTC buy then sell even if you only take a small profit, at least you are not trapped in the long Altcoin drama.
some say alt can go up very fast in a short amount of time, it is true but only 1 in 100 is like that.
member
Activity: 742
Merit: 16
June 17, 2020, 03:02:51 AM
#38
If you are holding coins like BNB, okex token, ethereum neo and other top altcoins I'd say you should keep holding because it's certain that this coins have a bright future, they are very useful and there will always be demand for these altcoins
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
June 17, 2020, 02:43:45 AM
#37
altcoins are great for flipping for more btc but dont every marry a coin. When btc goes on a run past all time highs you dont want to be bagholding ALTS. You will watch them get crushed. I personally was bagholding alts from 4k-20K and they got demolished I even had friends saying man you must be doing well with those bitcoins you have Cheesy In the end alts went nuts and I did well but If I would have waited till BTC topped out I would have made more. So moral of the story there is dont marry a coin/project they and watch your btc shrink get in and get out after you make decent profits. Sure sometimes you can buy an alt an maybe 10x-100x on it bagholding, but there is 1000s of coins out there that wont make those type of gains. Anyway do whats best for you but dont be that guy married to a bag watching btc head to 50-100k or whatever the top might be
It is a matter of knowledge and decision,if you know that the altcoin you have is just shitting and near to die then why not sold them all and find another one with good future,or else your money will gone together with this shitcoin.

The problem is good altcoins are really rare nowadays and only few survive when the market starts to fall like ashes.

Altcoins are too unpredictable, the least one you expect to increase in value or survive on the long run will prove you wrong and the projects you thought will grow big will be dragged in mud, better go for altcoins that are on top 20 for now
But if you are bagging ethereum and BNB?i think it is reasonable to wait and keep the holding?

anyway we have our own views what important is we can afford the losses in case our holding fails.
member
Activity: 196
Merit: 15
Sovryn - Brings DeFi to Bitcoin
June 17, 2020, 02:33:34 AM
#36
Altcoins are too unpredictable, the least one you expect to increase in value or survive on the long run will prove you wrong and the projects you thought will grow big will be dragged in mud, better go for altcoins that are on top 20 for now
member
Activity: 504
Merit: 16
June 17, 2020, 02:29:37 AM
#35
Many altcoins are bad for long term holding but you have to do the hunt for the better ones, this is example of coins worth holding for long

1. Top exchanges tokens
2. DeFi projects

The reason why I add decentralized Finance projects is because many whales and private investors have eye on DeFi projects and moreover who won't? It's decentralized Finance, that's something entirely new in crypto space
hero member
Activity: 3052
Merit: 651
June 17, 2020, 01:36:00 AM
#34
Kind of a good rhyme. Alts went nuts.  Grin  Grin  Grin

I do agree with your conclusion but there are also altcoins that are good for holding a long time.
I have been a supporter of a certain coin for years now and I never regret keeping it.
Yeah, there are downs but that is part of the market.
Some investors could be tired of waiting which makes them sell it but there are also keepers.
Waiting for the right moment and risking it for a better return.
full member
Activity: 700
Merit: 105
APESWAP
June 17, 2020, 01:30:50 AM
#33
This should state
Do not fall in love with any cryptocurrency. Learn to make a financial difference with your altcoin investment after all that's what investments are for. We multiply it to invest more if your altcoin bag isn't multiplying or adding value to your investment, look elsewhere. If you marry or fall in love your bags you will lose your investment.
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