Topic: Dump or HODL these coins? - page 9. (Read 2053 times)

Okay so the difference is advertising attraction attracting new money via new reddit posts and new online regular news articles on popular crypto sites right? All the alts I have already have reddit boards but advertising im not sure. I know advertising costs a lot of money but then again the only criteria is to judge a good altcoin from a shitcoin is regular advertising on crypto sites?

Bitcoin is supposed to be a decentralised coin where nobody owns the logo, blockchain, brand or rights to it so it cannot be advertised. Can news articles be classed as advertising? How do we know that a coin developer is not paying off a crypto news platform to promote its coin?

Okay you suggest to check their project developments to see if theres any updates within the last year and hodl the coins that match this criteria.

Whats the best way to check this? Reddit? If so then all it takes is 2mins of the coin developer time to post a possible fake progress post on their reddit board once every 3 months or once every 6 months on that matter on fooling the investors.

So how do Investors verify whether postings by coin developers on social media are serious or a scam?

So amazing that you can hold your altcoins in such a long period of time. You have a strong patience attitude... But hopefully despite of the long period of holding, you sometime take profits out of it... Crypto market is so volatile... Sometime we need to take profits also...

What do you mean by saying, "what is the best project"? These are your holdings and you should be one to make a good decision of your holdings and not us. First and foremost, check their projects development and those without progress during a period of a year or more is or are bad project which need no attention. But for those project with updates, then you can be giving more priority to those ones and not just scam project. You can sell some of your holdings to swap them to Bitcoin and ethereum.

I appreciate your courage and patient holding these coins for year/s. But I would like to ask a question, is there's a change happen to your portfolio? Because if there is nothing, there is no way to continue to hold it, it is better to diversify it into a few coins not that numbers. What I see is that some of them are already dead, there is no way to think that they will give your expectations out from them. Have to sell them while you can still get some money and then look at another coin/s that could fulfill your expectations.

The solution to the problem you mentioned is to choose coins that are already listed on many exchanges. It would be suspicious if all exchanges delisted on a coin at the same time vulnerable.

Hacking can be minimized with a hardware wallet.

sonm, monetha I think sell it because the volume and roi are not good and for the nexus it's good to hold because I think the coin will give a surprise in the future. and for others I have not checked but it seems still worth to hold

Wow!!! Amazing to see you have all those coins,I think the essence of buying a coin is for it to be profitable and you sell for profit, at this time you just need to hold until the price seem reasonable unless you need to convert to fiat then you can go ahead to dump.

What I fear of holding alt coins for long term is:

- Exchanges Delisting coins or hacked = lost 

- Coin Swaps, for example ETH 1.0 swapping for new ETH 2.0 by a certain deadline and if you miss the deadline then your screwed with a bag of worthless ETH 1.0. A person may not be available on the computer all the time to read crypto news or spot notification emails in a inbox already flooded by existing 1000s of junk mail. The argument to the above that is exchanges delisting coins would to withdraw to own wallet but then again if I withdraw to own wallet then I wont get notification emails of coin swaps to a new chain you know what I mean.

- Hard Forks, again a person may not be available to be on the computer all day to read the debate on which fork is the best or add replay protection to protect from hard forks or double spends you know what I mean.

How does a long term crypto investor guard against all above without investing so much time manually checking each coin in the portfolio daily?

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Okay so the difference is advertising attraction attracting new money via new reddit posts and new online regular news articles on popular crypto sites right? All the alts I have already have reddit boards but advertising im not sure. I know advertising costs a lot of money but then again the only criteria is to judge a good altcoin from a shitcoin is regular advertising on crypto sites?

Bitcoin is supposed to be a decentralised coin where nobody owns the logo, blockchain, brand or rights to it so it cannot be advertised. Can news articles be classed as advertising? How do we know that a coin developer is not paying off a crypto news platform to promote its coin?

[moderator's note: consecutive posts merged]

I never said LINK was better than ETH. Don't get me wrong here, I don't want to be understood as a LINK or XTZ shiller.

Because they are attracting money to pour on them, other alts don't or attract less. Why they attract? --> I already mentioned many times in above replies.

Again, no one knows how long does it take to fully develop a coin. The whole cryptocurrency market is living on belief. Developments and achievements are things that maintain that belief. Investors may or may not be interested in those but without them, they think the project is dead and dump their coins.

New investors can be a American jobless guy who doesn't know what to do with his stimulus check, a stock investor who has withdrawn his money from bood-bathed NYSE, an Elon Musk who is getting bored with his Tesla stock climbing too high...etc. It's a macro problem and you are expecting too high from this young, volatile market.

Im just holding 2 coins from your portfolio
Civic and
Game credits- they have partnesrhip with nova token platform and skale to bring awesome gaming experience and digitables.

I would disagree with that, these top altcoins in the market have proven that holding it could give a holder a good profit as long as they know how to sell it at the right timing. I would like to give an example, just the top performer coins in the market IMO.

https://coinmarketcap.com/currencies/ethereum/markets/ (valued at $204 now, started at a price of less than a dollar).
https://coinmarketcap.com/currencies/xrp/markets/ (valued less than a dollar now but still higher than its starting price, and if one sold at ATH, it gives big profit.
https://coinmarketcap.com/currencies/binance-coin/ (BNB have reached an ATH last year, holder should earn a lot of profit if sold at that time).

Whats good about LINK that makes it better than ETH 2.0? Or will they coincide together in a market like Coca Cola & Pepsi or like Uber & Ola or is 1 try to monopolise the whole market like Microsoft showing no mercy?

Yes I see in charts alts ATH's looked similar to BTC ATH back in 2017 however alts charts now dont look like bitcoin charts now as the alts and btc looks like they have been decoupled. But alts LINK and XTZ charts look totally different and is looking similar to btc price action. Why is that?

When you say alts like ADA & IOTA are still being developed, these coins have been on the market for past few years. How long does it take for a coin to fully develop or is it the matter of coincidence of mentioning & saving achievements or developments for the next timed bull run to attract new investors? Or is it that any coin blockchain tech requires lifetime updates like most existing tech so if that is the case then does achievements or announced developments becomes relevant? For example millions of Iphone users worldwide may get a prompt on screen for firmware update that doesnt surprise them as updates especially in technology doesnt surprise anyone anymore as its expected for tech to get outdated very quickly you know what I mean.

Back in 2016 btc halving there was no economic gloom like today plus new fomo investors entered the cypto market in 2017.

The circumstances now in 2020 compared to 2016/17 have totally changed so Im thinking who will be the new investors be with cash capital for the 2020/21 bull run and will alts beat their previous ATH's?

how can you say that it's good? this is a very terrible mistake he should be able to find more information before buying an altcoin because what he has is shitcoin that has no further development and can be said that the developer is not too perduili anymore.

It's up to you do decide which one is the best suit for your strategy on hold and trade but I can give a pointer: Dump DigitalNote, coin is unimpressed and you won't miss a thing with it. Siacoin and Digibyte are good ones so you should keep on holding them. Ethereum Classic has a special spot and related to Ethereum too.

Most of the coins you hold are genuine projects but holding too many coins at a time doesn't work for me. Two coins on your list I have been following are SONM and BNT (Bancor), and they keep rolling out development updates which shows the projects are still alive, others I haven't been following. When you hold too many coins, if there is a swap you might miss out since following all won't be easy. We just need to select a few coins, (for me 3 altcoins is maximum) and follow up on the projects.

None of these coins are included in the top 20 list from Coinmarketcap. And for the past 2 years or so, all of them have been on the downward trajectory. A few of them looked promising two years ago. But now it may be the time to make an exit and book the losses. From what I have seen, very few of the alts have recovered, after continuously going down for more than 2 years.

No altcoins are worth keeping, you should cut your losses and sell them as soon as possible. If you continue to hold them, I believe you will continue to lose money in the future. Should choose the top altcoin in this market to invest

You must be rich now holding some of these coins for such a long time. I believe some of them must have appreciated in price compared to when you have been holding them. Dumping or holding depends on the development on each project. If you think some are not making any efforts to develop on what they have, you can dump it.

This is a very very long list and seriously I admire your courage only if it had been with other major altcoins then it would have been better. Nevertheless, in my own little opinion, I can only point out Ethereum Classic as the one worth holding, as for the rest and if it's me, I would sell them off and focus more on Ethereum and Bitcoin, maybe with a little of BNB. You can still make more research about other coins or check popular opinions as well.