Topic: DONT MARRY YOUR ALTCOIN BAGS - page 6. (Read 2294 times)
I dont see a very bad bear market like we had after 2017, I see a lot of provision and development in the market that will cope with dump and stay above the existing 95% dump of the whole market. Scam had reduced so well with ICOs and more hoarding of top coins is encouraged to absorb the pressure of dump in the bear, hoarding in all coins. It is never a smart move to just hold on to a coin with taking profit, some might need to adjust their strategy in the market.
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
Altcoins are most suitable for short-term and medium-term investment. You need to carefully track the coin, and then book your profit when the pump occurs. And for the typical altcoin, the median lifespan is around 12 months. So I won't recommend holding them for extended periods of time. At the most, you can keep 10% or 20% for the long-term.
Absolutely agree with you, never try to hold altcoin in the long term because it will surely die in the future. In 2018, I used to hold a lot of altcoins, but after 1 year, their prices collapsed many times and made me a lot of losses. 
Altcoins are most suitable for short-term and medium-term investment. You need to carefully track the coin, and then book your profit when the pump occurs. And for the typical altcoin, the median lifespan is around 12 months. So I won't recommend holding them for extended periods of time. At the most, you can keep 10% or 20% for the long-term.
Obviously we shouldn't get attracted much for altcoins cause those are dangerous. But in my opinion, eth, ada, tron & eos those altcoins have the Sustainability & Potential enough to survive long. But Without knowing properly, marrying with shitcoins is a bad decition
What you mentioned is also Altcoin, only in this case the difference is that Altcoin is good with Altcoin which is not good, so everyone really needs to do an analysis on Altcoin so that it is not wrong in choosing altcoin, it is not necessary to be interested in Altcoin.
Obviously we shouldn't get attracted much for altcoins cause those are dangerous. But in my opinion, eth, ada, tron & eos those altcoins have the Sustainability & Potential enough to survive long. But Without knowing properly, marrying with shitcoins is a bad decition
Actually People hold altcoins because altcoins can icrease 2x to 5x with bitcoin. But it's difficult to predict about altcoins in the long run and most of altcoins are not good for investment. Nevertheless there are some top rank altcoins (check on Coinmarketcap), have bright future & can be believed in the long run
Not if they die before it happens.
An alt is alive as long as people hold and trade it but if the bear market lasts for a long time the coin loses a lot and starts to have no volume. At that point exchanges delist it and you can have a big bull run on Bitcoin but that shit altcoin will not go anywhere.
Hold all you want but remember that altcoins have a point of no return.
Actually People hold altcoins because altcoins can icrease 2x to 5x with bitcoin. But it's difficult to predict about altcoins in the long run and most of altcoins are not good for investment. Nevertheless there are some top rank altcoins (check on Coinmarketcap), have bright future & can be believed in the long run
Not if they die before it happens.
An alt is alive as long as people hold and trade it but if the bear market lasts for a long time the coin loses a lot and starts to have no volume. At that point exchanges delist it and you can have a big bull run on Bitcoin but that shit altcoin will not go anywhere.
Hold all you want but remember that altcoins have a point of no return.
In 2017 I purchased a coin. When the bull market of altcoin came, the total value of that coin was $20k +. I hold the coins at that time because I want to get rich quick. And it was one of the worst decisions of my life. That coin kept being dumped in the market and I was finally forced to sell it for $1000. I have learned from this how important it is to set targets in advance and how important it is to control one's greed. Because of my greed I have suffered a great loss. Don't love any coin, because if you love any coin more, there is a possibility of big loss.
I used to hodl altcoins because there are so many predictions about the price of those altcoins and they show good performance in the market, things are looking great in 2017 every coin you are holding holds a promise, until the first quarter of 2018 when all coins started to crash and I was too late in selling that, not all coins are worth HODLING, most of them will lead you to huge losses.
The hope for being rich quickly with the alts that they hold makes them persistent in holding it. I also hold bad alts before because I was still not educated and less experience so I bought it.
But, after all of these years that have passed. I don't rely on them and it's really safer to have bitcoin.
all cryptocurrency investments follow bitcoin price movements, so to be safer we are better off investing in bitcoin than altcoin and I strongly agree as you think. But, after all of these years that have passed. I don't rely on them and it's really safer to have bitcoin.
Actually People hold altcoins because altcoins can icrease 2x to 5x with bitcoin. But it's difficult to predict about altcoins in the long run and most of altcoins are not good for investment. Nevertheless there are some top rank altcoins (check on Coinmarketcap), have bright future & can be believed in the long run
You can still lose money by investing in the top altcoins in this market. It all depends on the situation of the market and the price of Bitcoin. If Bitcoin goes up in the future, the price of altcoin will go up shortly afterwards, investing in altcoin is a risky investment so be careful and research carefully.
Actually People hold altcoins because altcoins can icrease 2x to 5x with bitcoin. But it's difficult to predict about altcoins in the long run and most of altcoins are not good for investment. Nevertheless there are some top rank altcoins (check on Coinmarketcap), have bright future & can be believed in the long run
There are some altcoins that deserved to be Marrying lol,Like Ethereum and Binance coin(BNB) ,yeah we can use them for Buy and sell because of their volatility and Good performance but for me?i don't wanna be late in train so i rather keep them in my Wallet than throwing them to cheaper price then right before selling it will Pump due to the effect of halving.
every currency have their own supporter and this is the same reason why we don't know when to Pump or dump,Just keep your coins and stays supportive.
Surely we will still have projects that would give 10X, 20X and even more but the era is becoming thing of the past, some people are so blind to this truth and think we are going back to those days. Alot of projects pumping now are those that have dumped below their ICO prices and would be very difficult to regain the price. Always have exit plan
Because they are hard to detect,If you know which will x10 then why not share to us?you are saying as if this is that easy to find?every currency have their own supporter and this is the same reason why we don't know when to Pump or dump,Just keep your coins and stays supportive.
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.
I don't think we can experience again what we did last bull run 2017 - 2018 where we saw how altcoins pumped and Bitcoin Dominance fall. It's also because for sure the ICO fever under Ethereum.As time goes by, for me, we will experience less more pumps on altcoins or altcoin season as others say.
In short, OP is correct and for me, these days are not good for holding any altcoins even short term or midterm.
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 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
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 beI don't think anyone is marrying any altcoin however sometimes you need to hold your altcoins for a future greater benefit. Most altcoins are good to keep because you regret selling them cheap. Personally I am not happy not holding my Horizen(Zen) tokens because the price has soar now past when I sold them.
Investors need to also change their attitude, in the past I took the time to read ANN threads and one thing that surprised me is that there were many investors that put all their money in a single coin and then they did not follow the coin for years and then came back just to complain about the coin being basically worthless, an investor should keep track of his investments in a daily basis, that way if there are signs there is something wrong with it then you can take immediate steps and minimize your losses or take advantage of a quick pump in the price.
this is main reason why many beginner investors loss their money in cryptocurrency market. most of them didnt read carefully whitepaper from new or existing project,as we must know how project will developt and realize the plan. finding newest update from developer team be an obligation , when we find something wrong we could do something to avoid big mistakes in future. 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 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 has been a long since i have read thread like this because mostly People still believe that Holding altcoin will bring them profit. 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 beBut the sad reality?it is not instead they will only lose unless willing to Hold coins long time until it climbs up.
Not Like Bitcoin that can be trusted and actually has been trusted to be profitable the long you can handle the wait.
Some traders lucky to find which altcoin will be Mooning but this is very rare and cannot be happen in daily basis.
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.
Ofcourse, we shoudn't attached to much in our altcoin bags because there are scenarios in cypto when the prices go down and if you put your trust in it in a long time you might have a big loss of profit so it would be best to stay active and learn everything you can in crypto world to realize when to trade in a good time.
Investors need to also change their attitude, in the past I took the time to read ANN threads and one thing that surprised me is that there were many investors that put all their money in a single coin and then they did not follow the coin for years and then came back just to complain about the coin being basically worthless, an investor should keep track of his investments in a daily basis, that way if there are signs there is something wrong with it then you can take immediate steps and minimize your losses or take advantage of a quick pump in the price. Jump to: