DONT MARRY YOUR ALTCOIN BAGS - page 5.

bobyhodob

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Quote from: TheClownSong on June 29, 2020, 06:17:04 PM

Quote from: MrMojoRising26 on June 16, 2020, 02:45:35 PM

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

Agree, altcoin might be more profitable if we choose the right altcoin but altcoin is also more risky than Bitcoin. I think we should not be tied to a particular altcoin because altcoin prices are more volatile and maybe some can be a long-term investment but it should be given a portion of the investment that is not too much

I think you should be careful when applying long-term investment or trading and make sure you buy altcoin that has the potential to rise, don't let you buy altcoin wrong because it will only make you lose, maybe it could be better if you buy ethereum or bitcoin only in my opinion more valuable and suitable for the long term.

InwardContour

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Quote from: MrMojoRising26 on June 16, 2020, 02:45:35 PM

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

😂 Lol this got me laughing and at the same time it's a lesson. This same thing happened to me when BTC touched 13k+ wayback, I was holding a bulk of alts and expecting to cashout big from them, little did I know that BTC bull run will scatter my hopes. That said, never put more than 50% of your entire portfolio in alts in my opinion, BTC bull run can reduce your alt holdings to garbage. Before I use to attach emotions to my long term altcoin bags, now the reverse is the case. Sell when you have to, don't say I strongly believe in the altcoin blablabla.

blckhawk

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Quote from: Vishnu.Reang on August 02, 2020, 09:20:09 AM

Quote from: xOdiumNostrumx on August 02, 2020, 04:21:21 AM

I am pretty sure that most of the people are guilty of just doing that at one point or another, I am definitely not an exception. I am still holding bags of 2017 alts that mooned insanely in the 2017 bull, then they got absolutely reckd in the following bear market. Maybe being emotionally attacked to projects that have hurt me bad (investment wise) over the past bear years makes me a sadist, but if they are going down, I am right there with them.

These coins/tokens are mostly dead. They are having a nominal value, only because there are users like you who continue to hold on to them. But eventually, those who hold these coins are going to dump them, or just ignore them. As time passes by, the trade volume will go down and at a certain point the coin/token will get delisted from the exchanges for lack of activity.

Not all the coins though. I must say there are still some coins that is worth to try or to place your investment. These tokens are indeed contain high risk compared to Bitcoin, Eth and more popular coins but this could be only means high amount of rewards is possible.
Upon holding these kind of coins, you must not put much trust on it, if you saw an opportunity to sell then do it, don't hold it much longer because anything can happen in crypto, just like the mistake happened a years ago.

ampere

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Quote from: MrMojoRising26 on June 16, 2020, 02:45:35 PM

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

Flipping aside, altcoins investment is not a type of investment where you can let your emotions guide or be a guide. It is serious business, having an altcoin bag means you must be firm and ready to pick profits from any altcoin at any point in time, that aside, you must also be ready to buy back the bears of the same coin you have taken profits from. Sort out every emotional issues, before investing in altcoins or crypto currency, you are investing for profits remember.

Vishnu.Reang

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Quote from: xOdiumNostrumx on August 02, 2020, 04:21:21 AM

I am pretty sure that most of the people are guilty of just doing that at one point or another, I am definitely not an exception. I am still holding bags of 2017 alts that mooned insanely in the 2017 bull, then they got absolutely reckd in the following bear market. Maybe being emotionally attacked to projects that have hurt me bad (investment wise) over the past bear years makes me a sadist, but if they are going down, I am right there with them.

These coins/tokens are mostly dead. They are having a nominal value, only because there are users like you who continue to hold on to them. But eventually, those who hold these coins are going to dump them, or just ignore them. As time passes by, the trade volume will go down and at a certain point the coin/token will get delisted from the exchanges for lack of activity.

omnik

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Quote from: Festac on August 02, 2020, 03:04:38 AM

It's always a good move if you take profits when your altcoins is surging, a little drop of water is what makes a mighty ocean, do not be too greedy because this won't end up favorable later, you will definitely keep missing out

People must go out when they have been getting decent profit, we should take a look at how the correction is happening with the crypto right now. That means people must aware if the pump is just a temporary and the dump can happen anytime.

jademaxsuy

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preferrably it is the good time to sell altcoins now. The market will later on crash with altcoins and one can buy again. This is what I have been observe during the last few months in cryptocurrency. However, if you may fail risky on it then good is to stop first investing and wait for the crypto market to crash. There are good times and bad times to buy crypto and one should be patient on it when to buy and to sell.

xOdiumNostrumx

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I am pretty sure that most of the people are guilty of just doing that at one point or another, I am definitely not an exception. I am still holding bags of 2017 alts that mooned insanely in the 2017 bull, then they got absolutely reckd in the following bear market. Maybe being emotionally attacked to projects that have hurt me bad (investment wise) over the past bear years makes me a sadist, but if they are going down, I am right there with them.

Festac

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It's always a good move if you take profits when your altcoins is surging, a little drop of water is what makes a mighty ocean, do not be too greedy because this won't end up favorable later, you will definitely keep missing out

TomArayaSlaya

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https://hovr.site/

I think the best thing is to stick to BTC and ETH they are really the safest coin around but they way i see it is very unlikely that bubble of 2017 occurs again I mean people have really wise up and learned their lesson

Kvalentine

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Do not be afraid of trying out new things, altcoins for an example, don't just buy and lock them away, always nurse them and see how far the team are willing to go, if you notice any bad sign better sell for another altcoin, the only crypto project worth holding for years without looking back is Bitcoin

DoubleEdgeEX

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It´s not only valid advise for altcoins, but for all kinds of investments. Never fall in love with anything you have your money in, no matter how shiny and flashy it might look. You need to see it as what it is, a toolbox with tools that make you money and sometimes you need a hammer and sometimes you need pliers and sometimes you need to replace your tools/assets. That´s why basic education on investments is crucial and needs to be taught in schools early on. Things like the follwing should be common knowledge:

Never put all your eggs in one basket
Never invest in something you don´t understand
Never invest money you can´t afford to lose

Add if you have more

Davian144

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Quote from: Cocoincos on June 29, 2020, 04:39:52 PM

why not? A lot of people saying that 2020- the year of altcoins, and some of my old holdings were raise on 100%+ so I continue to hold

Who says that 2020 is the year of Altcoin ? Do you not see the current market conditions, and if I may Altcoin what year do you hold at the moment ? even that has gone up to 100%, because as long as I see this year not many altcoins are increasing to 100% now.

bitkanu

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Quote from: andycarrol on June 29, 2020, 07:14:48 PM

Quote from: TheClownSong on June 29, 2020, 06:17:04 PM

Quote from: MrMojoRising26 on June 16, 2020, 02:45:35 PM

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

Agree, altcoin might be more profitable if we choose the right altcoin but altcoin is also more risky than Bitcoin. I think we should not be tied to a particular altcoin because altcoin prices are more volatile and maybe some can be a long-term investment but it should be given a portion of the investment that is not too much

altcoin is very dangerous when used as a long-term investment because altcoin price movements no one knows will go up or down, it's better to save a clear cryptocurrency asset like bitcoin for the long term is still very suitable, so stay alert when saving altcoin for long-term investment.

that's not true and what about those altcoins who have already placed at top 10CMC? don't they have a lot of potentials to be used as a long term investment? I wanna say if that's true for the crap coins but altcoins that have a massive partnership and the good product must be excluded.

andycarrol

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Quote from: TheClownSong on June 29, 2020, 06:17:04 PM

Quote from: MrMojoRising26 on June 16, 2020, 02:45:35 PM

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

Agree, altcoin might be more profitable if we choose the right altcoin but altcoin is also more risky than Bitcoin. I think we should not be tied to a particular altcoin because altcoin prices are more volatile and maybe some can be a long-term investment but it should be given a portion of the investment that is not too much

altcoin is very dangerous when used as a long-term investment because altcoin price movements no one knows will go up or down, it's better to save a clear cryptocurrency asset like bitcoin for the long term is still very suitable, so stay alert when saving altcoin for long-term investment.

Kasabus

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Quote from: TheClownSong on June 29, 2020, 06:17:04 PM

Quote from: MrMojoRising26 on June 16, 2020, 02:45:35 PM

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

Agree, altcoin might be more profitable if we choose the right altcoin but altcoin is also more risky than Bitcoin. I think we should not be tied to a particular altcoin because altcoin prices are more volatile and maybe some can be a long-term investment but it should be given a portion of the investment that is not too much

It's good to have a bag of altcoins but make sure that you have those potential altcoins and not those who will only be undervalued at the end of the day. This sounds very risky after all. So i prefer to invest in bitcoin these days because it has more chances to make profits rather than marrying your chosen altcoins. Bitcoin may be more expensive but it will not make you any regrets in the end.

TheClownSong

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Quote from: MrMojoRising26 on June 16, 2020, 02:45:35 PM

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

Agree, altcoin might be more profitable if we choose the right altcoin but altcoin is also more risky than Bitcoin. I think we should not be tied to a particular altcoin because altcoin prices are more volatile and maybe some can be a long-term investment but it should be given a portion of the investment that is not too much

Zionatin

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I agree with you. Lol like it's not for the long term. Long term means coins you can actually spend. Many coins you can top off your payeer or skrill balance etc. But no one is gonna swap your Mr awesome tokens for USD.
Mr awesome coins are there to profit from then dump. The only altcoins you should ever keep are those that have a reason to be or are given to you as payment through other means but are listed at exchanges. Never ever hold onto a coin that you cannot spend. I love crypto but if you cannot spend something it has no value.

Scotslass

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I'm not quite sure, but it seems logical to invest in some high risk altcoins because demand for crypto is higher than it was back in the days after 2017 peak.
I don't think we'll meet bear market anytime soon. If quarantine will be prolonged - more people will invest in crypto because they'll be afraid to lose value of fiat.
But If quarantine will end now completely - people will have enough funds to regularly invest in crypto again as it was before corona

Oasisman

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Quote from: shinratensei_ on June 25, 2020, 09:39:32 PM

Quote from: numpadxx5 on June 22, 2020, 04:42:00 AM

Quote from: JeotQ on June 17, 2020, 12:45:05 PM

Marrying altcoins is something that newbies could do until they later realize that it's not always about holding altcoins, not all altcoins are worth holding, infact many are good for short term only, I trust Bitcoin and Ethereum only

Definitely not all altcoin are worth holding, there are many new altcoin which will pump on there first launching and go dump deep and became far on their initial price. And at the end you realize that you had lost your capital.

According to your statement and what has already said by the majority of people in here were true when altcoins will be very suitable to be our short term portfolios. I personally experienced with such thing when i was holding my altcoin from a few years before and this time it worth zero value.

That's the disadvantage when you're holding an alt, because some alts are just an instrument of pump and dump and then vanished like a bubble popped in the air right after.
We've seen similar stories in 2017 due to the unexpected bull market. Some are expecting more because greed took over, watching their portfolio growing each and single day for about a month, then suddenly fall late in January.
What the OP mentioned was true and it does actually happened during that year.

Topic: DONT MARRY YOUR ALTCOIN BAGS - page 5. (Read 2277 times)