Topic: Good advice or bad advice? - page 3. (Read 723 times)
I am personally will keep aware that altcoin and bitcoin is different. I mean from what already happen, only in a few years some altcoins is already dead and left by developer. I think that factor must be seen too. Because if altcoin already dead and delisted from market, no more chance it can accepted again because market itself wouldn't take dead coin to listed anymore. Or maybe p2p, people's trust will be decreased much if the coin already not have value.
I think it's a good suggestion to always keep a few coins in a wallet for long-term investment use. i also did it i have two bitcoin wallets. the first wallet I use to save a few bitcoins that will store until bitcoin can be bullrun again. and the second I also use to save bitcoin. but this I use for short-term investments when bitcoin has increased by 30% then I will sell it and take profits. and I also have several altcoins that I also hold.
I spent most of my time doing research on many altcoins, their old price to the present value and i find out that even if you sell your tokens today leaving few tokens worth few dollars for many years can worth something. For example if you left 9$ worth of bitcoin in your wallet since 2012 you would never have imagine what it will become today, in jan 2017 you can buy 5000 pieces of Ripple at 0.007$ which costs 35$ and in jan 2018 a XRP cost 3$ which turns 15000$, there are many examples like this on CMC, remember Tron too? My point is its bad selling off all your coins, if you needed money that bad always leave coins and tokens worth of few dollars left in your wallet just in case
All altcoin price is not the same how you imagine last two years, right now many altcoin become shit and do not have good price although holding for long time, I think stop waste your time with long term investment because you can use short time to get much profit because today is good price for altcoin and not have guarantee for the future or two years later become higher price. 
I think in this case there is no such thing as good advise or bad advise. It's just a matter of technique how we manage our finances well and trust it. I have done this in NXT in 2017 and then I bought it for around $ 5,000 cheaply. And a few days later I needed money for my father's medical expenses. But I still won't sell the nxt before a good time. In short, suddenly airdrop ignis come, the price of NXT skyrocketed. I sold for $ 2.8 and made a lot of profit for me. From this I learned that whatever you choose, of course you already know the risks. As long as you are sure, just live it. This is not a matter of right and wrong, but a matter of principle.
It's a good way but it should be on a certain big coin just like Bitcoin and Ethereum. Not a shadow in front of a good project could also close their project because of a trivial problem or exit scam such as IDAX. So if you want to have a long-term investment, take the top-known bitcoins or coins to avoid more risk.
I spent most of my time doing research on many altcoins, their old price to the present value and i find out that even if you sell your tokens today leaving few tokens worth few dollars for many years can worth something. For example if you left 9$ worth of bitcoin in your wallet since 2012 you would never have imagine what it will become today, in jan 2017 you can buy 5000 pieces of Ripple at 0.007$ which costs 35$ and in jan 2018 a XRP cost 3$ which turns 15000$, there are many examples like this on CMC, remember Tron too? My point is its bad selling off all your coins, if you needed money that bad always leave coins and tokens worth of few dollars left in your wallet just in case
I think this is a good recommendation as long as the altcoins are carefully selected. Because these coins, one of the first in the market, found their place in the market a long time ago, and from now on it will not be easy to find such coins in garbage. We were a small village away from everyone with very few residents. Now the population has grown considerably, so things are not as easy as before.
I do not say that tron is a bad investment. Its dynamic and young CEO is doing every bit to make his project a huge success. The coin might go to the moon in the future if not at least in the near future. But in my personal opinion, I do not think any coin reaches the moon just like ripple or bitcoin as many people are getting aware of risk of investment in cryptocurrency.
This is good advice because even if you do need to liquidate an asset in your portfolio for whatever reason, be it needing capital to diversify with or simply because its under performing it's always a good idea to hold onto a small percentage of it in case one day it does become worth something significant as you mention
good advice, i agree. meaning that at any period we must have assets in the portfolio. to wait for price increases, we must prepare assets in preparation for price increases.
I spent most of my time doing research on many altcoins, their old price to the present value and i find out that even if you sell your tokens today leaving few tokens worth few dollars for many years can worth something. For example if you left 9$ worth of bitcoin in your wallet since 2012 you would never have imagine what it will become today, in jan 2017 you can buy 5000 pieces of Ripple at 0.007$ which costs 35$ and in jan 2018 a XRP cost 3$ which turns 15000$, there are many examples like this on CMC, remember Tron too? My point is its bad selling off all your coins, if you needed money that bad always leave coins and tokens worth of few dollars left in your wallet just in case
I think this is a good recommendation as long as the altcoins are carefully selected. Because these coins, one of the first in the market, found their place in the market a long time ago, and from now on it will not be easy to find such coins in garbage. We were a small village away from everyone with very few residents. Now the population has grown considerably, so things are not as easy as before. 
But the problem is that we can not guess which coins will be able to show the same result in the future. At that time, too, not everyone bought bitcoin and other alts. Few managed to get rich. Also now, we just have to rely on our intuition and luck.
That is why believing what your coin can be in the future is important although yes it is a super hard thing to do because once a coin don't have any progress or anything that can make you stay investing or holding it you will surely leave it and i think what happened in 2017 will not happened again in the future, a different event will take place and this should be a lesson that we need to prepare our coins so that we can have a good future in cryptocurrency.
It's pretty difficult to assume history will repeat in the same fashion. Sure, some coins may be worth a lot years from now, but at the same time they may basically vanish. It's not a bad idea to hold onto at least something, just that I would say consider it lost money.
But the problem is that we can not guess which coins will be able to show the same result in the future. At that time, too, not everyone bought bitcoin and other alts. Few managed to get rich. Also now, we just have to rely on our intuition and luck.
I spent most of my time doing research on many altcoins, their old price to the present value and i find out that even if you sell your tokens today leaving few tokens worth few dollars for many years can worth something. For example if you left 9$ worth of bitcoin in your wallet since 2012 you would never have imagine what it will become today, in jan 2017 you can buy 5000 pieces of Ripple at 0.007$ which costs 35$ and in jan 2018 a XRP cost 3$ which turns 15000$, there are many examples like this on CMC, remember Tron too? My point is its bad selling off all your coins, if you needed money that bad always leave coins and tokens worth of few dollars left in your wallet just in case
You will be suffering frustration if you think this kind calculation. One thing is still same but can't see it, suppose we didn't know that Bitcoin will pump in 2018 even as first cryptocurrency, same we can't find any coin which coin will pump in future. You should keep research and switch coin.I spent most of my time doing research on many altcoins, their old price to the present value and i find out that even if you sell your tokens today leaving few tokens worth few dollars for many years can worth something. For example if you left 9$ worth of bitcoin in your wallet since 2012 you would never have imagine what it will become today, in jan 2017 you can buy 5000 pieces of Ripple at 0.007$ which costs 35$ and in jan 2018 a XRP cost 3$ which turns 15000$, there are many examples like this on CMC, remember Tron too? My point is its bad selling off all your coins, if you needed money that bad always leave coins and tokens worth of few dollars left in your wallet just in case
This good but remember not all coins are worth holding for long term even if they are good coin; most coins that are launched on another blockchain as a start and migrated to their own blockchain always swap right? What will be the fate of someone who wished to hold for years but wasn't aware of swap. Am not arguing your points, they are valid but we need to be extremely careful of the coins we wish to hold for long term, let's always go for those that are solidly built.
History does not always repeat itself, and even though I like to be optimistic, the reality is that most of the coins out today aren't going to rise much in the future or even just vanish from the dev team deserting the coin or just more general issues that lead to the coin price severely dropping. If you've got a bit of money that you can afford to set aside for an extended period of time, though, go ahead. Not much different from a lottery ticket, but it takes longer to see the results, and an easy way to make the great volatility associated with cryptocurrencies work potentially in your favor.
I believe it would take much time to share my thoughts on all 3, so will take the most advanced and attractive solution for myself these days - StiB. Heard of the guys? I believe that after I share their idea, there will be no “why” questions mate. Team develops Smart Contracts for P2P services like trading/ lending/ investing/ insuring/ etc... on their ecosystem primarily on Ethereum and Bitcoin to follow with Cryptos - Fiats then Cryptos - Cryptos conversions supporting the most popular conversion pairs with the latest development of the Blockchain. Of course, main mission is adoption
This sounds interesting for sure, especially if there are some benefits like low commissions and so, cause the industry itself is growing pretty fast. Let me Google the guys and get back with own thoughts, thank you for recommendation, so far impressing
What are those? And why are you following these exact solutions? Please provide a bit more details
I believe it would take much time to share my thoughts on all 3, so will take the most advanced and attractive solution for myself these days - StiB. Heard of the guys? I believe that after I share their idea, there will be no “why” questions mate. Team develops Smart Contracts for P2P services like trading/ lending/ investing/ insuring/ etc... on their ecosystem primarily on Ethereum and Bitcoin to follow with Cryptos - Fiats then Cryptos - Cryptos conversions supporting the most popular conversion pairs with the latest development of the Blockchain. Of course, main mission is adoption
Depends on whom you are asking 
I can basically reply about myself and share my thoughts here. I wouldn’t say that I have many advanced solutions to follow - 2 or 3 most attractive ones. Cause I always search for applicable ideas with real value
I can basically reply about myself and share my thoughts here. I wouldn’t say that I have many advanced solutions to follow - 2 or 3 most attractive ones. Cause I always search for applicable ideas with real value What are those? And why are you following these exact solutions? Please provide a bit more details
Great to hear that you always conduct own research, this is a very important point. Talking about me, I also hold one always. By the way, are there many advanced solutions from the ones you follow these days?
Depends on whom you are asking
I can basically reply about myself and share my thoughts here. I wouldn’t say that I have many advanced solutions to follow - 2 or 3 most attractive ones. Cause I always search for applicable ideas with real value Jump to: