Do you people sell your BTC completely and then put the money in altcoins? Cause I don't get it sometimes. You should be doing some kind of diversification here, like dividing the money and investing where you think they will perform better. Depending on the money I have, usually 80% goes into Bitcoin and 20% goes into big altcoins that I trust (I'm sorry to bee projects, I don't have their time because I have a lot of things I am busy with, so I go with the top cryptocurrencies for now).
So, any money I invest in BTC stays just there and when I sell it, the money and profit goes to the bank till I'm ready to buy again. If we are ready to risk on altcoins then we need to be ready to face whatever outcome of it. Because unlike bitcoin investments, altcoins are not coming up with minimum returns for our capital.
Topic: DONT MARRY YOUR ALTCOIN BAGS - page 9. (Read 2277 times)
Most people who hold because they hope the market situation can return to 2017, I personally keep some tokens that I got 2 years ago. Indeed sometimes the people are never satisfied with what they get, so that when they already get profit but they want even more, That's a natural thing as a human. But we must be patient and not be too greedy.
I am sure the market situation can return to 2017 or even more because bitcoin has a chance to lift the price to the high price, maybe bitcoin price will be more than $20k. That is why some people still hold their old coins or tokens because they want to wait for the time to see the bull run coming, and if the next bull run is coming, their coins or tokens will have a chance to increase higher.
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
I have learn enough and now what i only having is Bitcoin and i don't care even how much it will loss because i only wait for the price expected in selling. 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 use to hold many altcoins before for diversification but i realized that Altcoins nowadays is not good for Hoding.
So even i try to hold them out like ethereum and EOS at least i am looking for opportunity if ever the peice goes up by 5-10 % i will sell them and wait for the fall again.
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.
What a misery! If I'm on his position, that happening would definitely haunt my dreams every night for the rest of my life 
. You know, becoming a millionaire is everyone's dream and it suddenly vanished just because of greed — becoming greedy to get more. I feel pity for him. He stopped his studies and fortunately get a good exchange, however, the worth of it fall so hard. It was just like in our saying, "Pera na, naging bato pa". *sigh What a waste of time, it makes me feel cringy. guys like that are already wealthy because they arent afraid to push more . its like they were saying go big or go home , he did go big but eventually he crashed so he go home empty but what i only dont like about his attitude is that he drop his studies . i knew there are stories that also drop thier studies but luckily those guys got lucky that their investment are still growing until now . for us that arent really wealthy , this serves another lesson that we shouldnt marry the coins that we have not only applies to alts .
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.
What a misery! If I'm on his position, that happening would definitely haunt my dreams every night for the rest of my life . You know, becoming a millionaire is everyone's dream and it suddenly vanished just because of greed — becoming greedy to get more. I feel pity for him. He stopped his studies and fortunately get a good exchange, however, the worth of it fall so hard. It was just like in our saying, "Pera na, naging bato pa". *sigh What a waste of time, it makes me feel cringy. 
OP just hit the spot. Never be a fanboy of any altcoin project. If you see a profit, cash it out. That is the main purpose (profit) why we invest in altcoin right? Why baghold and end up being a whale of a worthless altcoin when you can just sell them with profit and move on to another altcoin.
agreed short term gains take profit! if its a 2017 type of run after bitcoin goes parabolic then hold for your 3-10x profits but don't get too greedy. I try to take my 3-5x and then buy something that hasn't ran yet instead of chasing something that has already pumped. Treat alts like a summer fling don't marry them even the best projects go through market cycles no alt is immune. If you don't believe me look at the charts every alt was down like 80-99 percent this bear market some even making new all time lows. Some will say now is the time to buy since they are so low, but in crypto nobody knows how low things will go so your taking a major risk. At least wait for some higher highs and higher lows before buying the alt you are interested in. Thanks for all the responses everyone 
OP just hit the spot. Never be a fanboy of any altcoin project. If you see a profit, cash it out. That is the main purpose (profit) why we invest in altcoin right? Why baghold and end up being a whale of a worthless altcoin when you can just sell them with profit and move on to another altcoin.
Most people who hold because they hope the market situation can return to 2017, I personally keep some tokens that I got 2 years ago. Indeed sometimes the people are never satisfied with what they get, so that when they already get profit but they want even more, That's a natural thing as a human. But we must be patient and not be too greedy.
This is but obvious since market capitalisation of bitcoin is way more than few of the alts put together. At such high cap things are different and unreal. I mean first they get security of their value and keep themselves at steady state of USD value. The max supply of the coin also plays an important role in this regard, where bitcoin is limited and ETH is unlimited. When market moves up and down or go nuts then feasibility of price depends on demand and supply equation. That's why alts can be too risky to hold for very long time. ETH is okay but others I don't know, very risky.
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
Bitcoin and ethereum mostly used for long term investment rather than short term. The majority of people will be taking altcoins as their short term investment but newbies didn't know about this and they were still holding their coins even that was getting a huge increase in the market. Altcoins other than top coins must be used for short term only. 
I think whales are right now accumulating altcoins though. This is why you can notice more altcoins are spiking up to 33% while BTC stays at 9500 for a long time already. I agree not marrying altcoins but you probably mean the ones that are just shitcoins. Altcoins like ETH, NEO, Monero, Stratis and ADA are worth marrying, I marry a lot of them so I can have sex all the time. A single spike worth a cent is more than a hundred USD of profit if you have thousands of Cardano.
Taking profit is what everyone should be doing. But the issue is that most people don't know where to take profit that's why the hold for long untill they begin to lose.
I think you are on point here. This was indeed my issue years back and it took me discipline to learn my strategy to take profits. Now I take a small portion of profits every time it hits a new daily high and buy back on a dip in a specific period.
Satisfaction is what will make you take profit , wait to buy back lower and ride it up and keep doing it over and over.
However, I do not rely on satisfaction as this can also lead on the opposite direction when the price is mooning at high volatility and volume. I simply take the emotion out of the equation and rely on the strategy rules I set upon myself.
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I honestly dont see something bad in holding unto ones altcoin since it a utilized coin with huge support from the community and miners despite the fact that Bitcoin is the king of all crypto. However, it always good to diversify ones holding in other not to miss out a vital opportunities.
I admired the topic used by the OP this thread 😬
I admired the topic used by the OP this thread 😬
OP just hit the spot. Never be a fanboy of any altcoin project. If you see a profit, cash it out. That is the main purpose (profit) why we invest in altcoin right? Why baghold and end up being a whale of a worthless altcoin when you can just sell them with profit and move on to another altcoin.
There maybe some exceptions on the altcoins but 99.9% will fall at some point when people dump their coins for profits so holding them for longer has more risk but it also can be more profitable if the coin has potential to recover.Maybe in future things will get changed but for now bitcoin rules, other just follows.
I learnt this the very hard way and I paid dearly for my mistakes. Always believed so much in altcoins and often times, was left rekt with lots of worthless tokens and losing investments in the process. Truth is, most of these altcoins are built on hype and sooner or later, most of them tend to come crashing due to the fact that, they don't truly have use cases and therefore, little to no actual demand in real life. Btc and other top currencies are the best assets to hold your investments. They are stable, have better liquidity and better demand, making them sustainable in the long term.
Taking profit is what everyone should be doing. But the issue is that most people don't know where to take profit that's why the hold for long untill they begin to lose. Satisfaction is what will make you take profit , wait to buy back lower and ride it up and keep doing it over and over.
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
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.
Ethereum Is an exception if you got in early, but even ETH went from 1400 to under 100 so marrying eth was still a bad idea if you bought anywhere near 1K. My main point is if you have lets say .25 btc invested in alts right now then btc goes on a tear to lets say 50k if you still held those alts your .25btc alt investment would likely be beat down to .20 or even .15. it just depends how fast bitcoin moves if its a few hundred dollars no big change. of course .25 can turn into .30 or more if your alt can outperform btc. I personally would wait fot btc all time highs to buy alts that way you have more btc to start with when all that money moves into alts then you make good gains then don't marry the bags when you feel like your the smartest investor ever and everything is up 5-10x or whatever your target is then you sell for more btc!!! I hope that makes sense to anyone new to crypto 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.
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 am in the same boat as you. Been a holder of plenty of altcoins which I still have as far as the previous bullrun. Too confident that their value would continue to increase of recover for those that went down. But it never happened and now I am holding bags of shitcoins. Really need to change strategy while I can.
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
Definitely, they are the leading altcoins in this market and it will grow with bitcoin in the future. Long-term investing in altcoins will give us a lot of profit, just need to be patient enough to buy and hold them. Jump to: