Any thought friends ?
Topic: DONT MARRY YOUR ALTCOIN BAGS - page 3. (Read 2277 times)
I am marry her since 2017 and i regret it so much, i get her from bounties and investment, wait for the right time to sell it and never happened until now, maybe this 2020 will be the good time to sell all of them
Any thought friends ?
Any thought friends ?
I remember of a friend who gave up his studies and went all-in on AMP coin (Synereo - if you remember the project). By saying all-in, I don't mean that he invested any money on it but all his time. He worked as a programmer for them and used to earn $300 worth of AMP each month. He did this for at least 3 years, the project did well and he almost became a double millionaire when the spike occurred in markets during 2017 when BTC was $14k and reached $20k. But he kept the coins as it is, didn't sell them when I even advised him to do so and later when the crash happened, the project itself came to an end putting all his work and savings under the grave. So, you need to know when to sell as that's too an important part of trading.
Crypto is a roller coaster ride. One day your investment is at the top and it can go down real fast in just a snap. Never ever HODL your coin for a long time, at one point you will have to sell and take your profit or you will be left out. I had kept some of my bounties and had lost my chance of selling them. Don't be driven by greed, and don't wait for the price to go up further.
You are right mate , glued to altcoins is not the best as anything can happen . you can never trust the project more than the developers . i always tell people to romancing altcoins in your wallets sell when you should make your profit and move on. I had that experience when joined crypto early 2017 , i held unto some altcoins and was expecting to buy mansion with the profits . i ended up holding some forever because project died and developers ran.
The classic scenario has been case in your altcoin bags, so it is not surprising to see such feedback. The strong relationship with altcoin bags can lead to disaster because HODL-er will ignore the alternative options and only will focus on altcoins portfolio revenue. In order to avoid the same mistakes, investors have to make wise decision that can hurt at the decision time but better safe than sorry in long run. Generally, it is all about mindset.
You are right mate , glued to altcoins is not the best as anything can happen . you can never trust the project more than the developers . i always tell people to romancing altcoins in your wallets sell when you should make your profit and move on. I had that experience when joined crypto early 2017 , i held unto some altcoins and was expecting to buy mansion with the profits . i ended up holding some forever because project died and developers ran.
Although you are right about everything but I still think there are altcoins worth sticking it and as well bagging. It is true that most altcoins are not worthy to hold for long because of the risks involved but I think coins like ETH is worth bagging. Nowadays once there is a movement in the market, as bitcoin takes the lead, Ethereum follows it closely before other altcoins like BNB joins as well, although the sequence can change but what is good to note is that, not only bitcoin makes a move nowadays. However, am not disputing the fact that holding Bitcoin is best but rather stating that other coins like ETH is worth the shot.
You made a valid point there. ETH, BNB, and hosts of other altcoins are worth giving a shot and hold for long term. The most important factor when holding bags of altcoins, hold the right ones; the tested and trusted with enormous potentials to grow and expand in the future. 
Although you are right about everything but I still think there are altcoins worth sticking it and as well bagging. It is true that most altcoins are not worthy to hold for long because of the risks involved but I think coins like ETH is worth bagging. Nowadays once there is a movement in the market, as bitcoin takes the lead, Ethereum follows it closely before other altcoins like BNB joins as well, although the sequence can change but what is good to note is that, not only bitcoin makes a move nowadays. However, am not disputing the fact that holding Bitcoin is best but rather stating that other coins like ETH is worth the shot.
I also experience the same thing I hold some alt-coin when BTC was around $6K last year and still holding them now.
I could have made a good profit if I just sold it all off and hold those money in BTC.
But there is nothing we could do about it now just make sure that it wouldn't happen again and learn from our mistake from the past.
I could have made a good profit if I just sold it all off and hold those money in BTC.
But there is nothing we could do about it now just make sure that it wouldn't happen again and learn from our mistake from the past.
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
The way to make profit really is not to hodl permanent to a coin, even if you hodl bitcoin you can release it and buy more when retracement come. Also with altcoins too. Trading is profiting to when you forget it in the wallet.
This is a really difficult thing to do we always feel prices will always keep going up. I had an experience in 2017 with Parkbyte that is always on my mind. Since then I always try taking profit.
I don't Fall in love with any altcoin, I monitor the success rate. Observe closely, if after a while I see how the team operates. Then I decide if to hold or dump for profit. Coins/token are for trading to earn profit, either held for short term or long term. Not to fall in love or marry it. Because at the end, you feel disappointed and loose, my currency is involved and its meant for business. Let's all just be very careful
I've changed my ways with crypto investment, I've lost too much money and I don't plan on repeating same mistakes again, I plan on dumping any coin that gives me little profits and only hold coins like Bitcoin and Ethereum only, top 5 altcoins all the way
Thanks for your great suggestion to all altcoin traders.
Actually I am still married with some altcoins that's why then dumped and I am in stuck.
So always we should follow bitcoin movement to full up bags with altcoins.
Actually I am still married with some altcoins that's why then dumped and I am in stuck.
So always we should follow bitcoin movement to full up bags with altcoins.
Crypto is really unpredictable and extremely volatile. It is important to be wise in making decision, to hold or to sell. I agree to not be too attached with your coins because you might just get disappointed of lost value.
if you created an investment portfolio of altcoins, then you need to constantly monitor what is happening in the project and if we see problems, then we need to sell, and if the development is good, then you need to create the right strategy and understand when you want to sell your coins but not just hold them
One mistake a trader or investor must not make is letting emotions make decisions for you. No matter how promising a token has big, you cannot and must not hesitate to take profits.
As a trader, never make such mistakes, and always do your own research so you know when and when not to take profits
As a trader, never make such mistakes, and always do your own research so you know when and when not to take profits
Crypto is really unpredictable and extremely volatile. It is important to be wise in making decision, to hold or to sell. I agree to not be too attached with your coins because you might just get disappointed of lost value.
In short dont be greedy.
If we see a growth to our coins that we hold and made profit be contented to it.
Dont aim for high return unless if you're certain that this particular coin can give you the profit you really want.
Greed and wrong decisions are linear in nature. After seeing what happen to Yam finance bug that plunge the price from $130 to almost $0, I will never hold alts for long time. Investing in cryptocurrency in risky but marring Alt coins will be suicide. If we see a growth to our coins that we hold and made profit be contented to it.
Dont aim for high return unless if you're certain that this particular coin can give you the profit you really want.
The best way is to diversify portfolio, %20 interest is okay for me to move on to the next hot project.
LoL, the title of the post got my attention. It is indeed working to those who are holding altcoins but not able to sell during the cryptocurency halving. It might be getting old now since it was being brought and still holding it waiting for when it comes that it could recover and sell again without losses. But holding them too long does not mean that one should hold it forever as what it was implied in the title of the topic. Do not hold altcoins forever and sell it when you can earn. But if that coin your holding is a shit coin like dead project then good luck. Surely you can marry it and hold forever.
In general, Life is very fleeting and in the modern world there are quite often various situations when a person cannot carry out all his plans. Based on this, I also think that a titmouse is better in hand than a pie in the sky. you need to learn to use what life gives you, and not expect to receive transparent mountains of gold. I am also of the opinion that most altcoins do not have their own final product and one cannot hope for good prospects in the future.
LoL, the title of the post got my attention. It is indeed working to those who are holding altcoins but not able to sell during the cryptocurency halving. It might be getting old now since it was being brought and still holding it waiting for when it comes that it could recover and sell again without losses. But holding them too long does not mean that one should hold it forever as what it was implied in the title of the topic. Do not hold altcoins forever and sell it when you can earn. But if that coin your holding is a shit coin like dead project then good luck. Surely you can marry it and hold forever.
Thanks to today's price growth, I'm about to divorce with my long term relationship with Waves. Bought them in 2018 when the price was around $3 and now I'm close to losing as less as possible or even making a little profit. Even though I've already resigned that it was a bad investment, and this alt doesn't bother be anymore for being in my portfolio, I don't feel bad for buying it. Buying and holding Waves was a good experience for me, it taught me not to rush with decisions.
This is a good advice, I must confess that the best coin to bag hold is btc. Most altcoin would be useless in no distant time. Its best to take decent profit and walk away, holding on could get you no where. Some projects start up so well and one could be thinking that in few years they'll be larger only to wake up to see that the project had been abandoned.
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