Altcoins are really scary, if you can do some research you will see many good altcoins that had very good start and value in 2018 and are still alive today but we never heard anything good from them anymore for some reasons, they are now like ghosts, honestly altcoin investment is more scary, this is why its better to always take profit, most especially from new altcoins, Profit is Profit, either big or small.
That's why many tend to stick to Bitcoin, because it is far the most safe investment regardless of the volatility it gives, unlike many altcoins that just tend to dry up overnight because of many dumpers. It's like a common custom now to many new projects and that's quite scary to think of right now to be honest.
Topic: Half bread is better than none - page 4. (Read 1409 times)
Firstly i like the Profit is Profit either big or small.. the main problem with trading altcoins is that they are numerous altcoins on coinmarketcap and most newbie traders just pick which ever the like and they end up losing funds but I would still go with the advice that stick with the stable coins that have proven themselves because they are way more reliable
Honestly I fear for them, they always have the initial hype at the start (once the coin is been listed) , but after a year or two only a few of them proof to be really worth investing on, remember all those altcoins that were big back then in 2017 when crypto was booming? Well they are now shitcoins 
, I bet 90% of them are even dead, most of them failed to live up to the expectations or what they promised, for me I will just stick to reputable altcoins, although no altcoin is safe, but at a least they won't become a dead project anytime soon.
, I bet 90% of them are even dead, most of them failed to live up to the expectations or what they promised, for me I will just stick to reputable altcoins, although no altcoin is safe, but at a least they won't become a dead project anytime soon. 
The most important thing for anyone investing into all these tokens is to know that they can go to Zero value, so when you have this at the back of your mind it will help you make a good decision.
It helps to bring much better assessment that in any moment the value may drop, you can anticipate things much earlier and have a betterdecision making before things happened.
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What I advice is that once a token has done 2x, take your investment and let the remaining investment to run.
Safe strategy as who knows how far the value may go, but keeping your initial investment really a important not taking much bigger risk to lose instead of gaining from your investment.Quote
Do not be greedy, just look at some of these DEFI tokens, some have lost 90% of their value since September high
Just like how ICO's turned before, learn from this kind of situation and never to be greed for you to save your butt experiencing the same.
Altcoins are really scary, if you can do some research you will see many good altcoins that had very good start and value in 2018 and are still alive today but we never heard anything good from them anymore for some reasons, they are now like ghosts, honestly altcoin investment is more scary, this is why its better to always take profit, most especially from new altcoins, Profit is Profit, either big or small.
You are talking from experience, you know how painful it is to discover that your coin was never better than its first value. This could discourage the sense of hodling, the problem is that we want to accumulate coin till bull run,well! Maybe it will pay some. one just have to be sensitive and smart at it. I support you take profit as it comes and hope to have more from the few at pump.
Yes, you are very right and for that I prefer projects that have very high liquidity and prefer top altcoins to make it safer to store assets, especially in USDT
The most important thing for anyone investing into all these tokens is to know that they can go to Zero value, so when you have this at the back of your mind it will help you make a good decision. What I advice is that once a token has done 2x, take your investment and let the remaining investment to run. Do not be greedy, just look at some of these DEFI tokens, some have lost 90% of their value since September high
scary from the number alone there are more than 1000 types of altcoins so it will be difficult to determine which one is good and which one is bad. And since you mentioned 2018 when the bullrun effect was still there, some alts still went up from that. but once finished everything returned to normal and the coins that were under bitcoin had also increased until now. so depending on you choose the coin does not mean all alt is bad.
Crypto is unpredictable, there are some people who make the right decisions and choose the right projects and succeed, but it takes time and persistence. There are also those who want to get results quickly by taking big risks.
investing in new coins still requires a lot of luck
because no matter how much you analyze, if you do not have luck
you will not get an increase in your investment
I've already seen a huge number of new projects and invested in some of them
those projects in which I invested because of my instinct - I was lucky to increase my investments
if you look at a new project of course there are concerns, but if you see alt like eth, bnb, links and others of course it is safe and will not be as scary as the new project you say.
only if you choose the correct alt.
only if you choose the correct alt.
Altcoins are really scary, if you can do some research you will see many good altcoins that had very good start and value in 2018 and are still alive today but we never heard anything good from them anymore for some reasons, they are now like ghosts, honestly altcoin investment is more scary, this is why its better to always take profit, most especially from new altcoins, Profit is Profit, either big or small.
That's why many tend to stick to Bitcoin, because it is far the most safe investment regardless of the volatility it gives, unlike many altcoins that just tend to dry up overnight because of many dumpers. It's like a common custom now to many new projects and that's quite scary to think of right now to be honest. Altcoins are really scary, if you can do some research you will see many good altcoins that had very good start and value in 2018 and are still alive today but we never heard anything good from them anymore for some reasons, they are now like ghosts, honestly altcoin investment is more scary, this is why its better to always take profit, most especially from new altcoins, Profit is Profit, either big or small.
I'm agree with you. I have a lot of bad experiences with alt. Nxps, Dent, Cred, Dcn, Lcd etc created a lot hype in 2018 but all of them are seems to be dead. No update , no development! Still i regret for not taking profit that time
Top altcoins that have been traded in the cryptocurrency market for a long time will always bring income, you just need to follow these top altcoins very carefully and the developers of these top altcoins publish various updates on an ongoing basis, you just need to always make investments wisely and then the profit will also please.
Honestly, you are right, investing in altcoins is more scary than I thought, and holding them is very dangerous cus the price could just drop and you will never see it anywhere that price again, so many of those altcoins back then in 2018 are all dead right now, most of them never had a real use case and some of the projects failed to delivered what they promised, I would always advice any new trader to stick to bitcoin and a few top altcoins only.
That is right and indeed they have a certain life time after which they become dead unless they have a real use case and some big developments coming behind the coin.I also trade alts for example for UNI gave away free coins, I knew the price will drop but then rise slowly as the dumps have finished so I bought some when the price dropped after initial listing and then after 1 week or so I sold all the coins for small profit. Had I waited for more profits then I would have been in loss by today's price. So it is worth selling the coin with small profit instead of hunting for big returns unless you are sure that there is some development going on and there will be demand in market in coming time.
Crypto is unpredictable, there are some people who make the right decisions and choose the right projects and succeed, but it takes time and persistence. There are also those who want to get results quickly by taking big risks.
if you buy just "speculative" projects, what I define as the last hype, you can't have any other outlook for your investments.
But with some other coins, selling immediately coins is a huge error! Or at least has been in the past ... Just look most of coins launched before ICO hype 2017 in top 100. Waves, ETH, Rai etc etc a lot of coins have get a strong re-evaluation during the time.
But with some other coins, selling immediately coins is a huge error! Or at least has been in the past ... Just look most of coins launched before ICO hype 2017 in top 100. Waves, ETH, Rai etc etc a lot of coins have get a strong re-evaluation during the time.
What you said really makes sense, but also, believing in some coin's project is a good thing as well. Value investing mate.
It's good advice but it's safer to be ready for any positive or negative outcome, that's why taking profit is good, you can hold few coins that you sure are good but not taking profits and just holding will put you down in a rabbit hole, you may end up having nothing to show for all the years you've been into crypto investment
Many projects will dump once trading starts on listed exchanges, I'm sure bounty hunters know what I'm talking about, go to coinmarketcap and do few research, how many projects that are launched in 2018 and 2019 still hold their value ? Their ATH and today's price are like day and night, taking profits will guarantee you with having something to lean on, stop chasing ghosts already
It's not entirely wrong to hold but make sure you hold only what you can afford to lose because there is no guarantee that the coin will survive in just few years later, some projects turn into shit coin in just under a year, you need to play safe by taking profits and holding few tokens that won't hurt you if things don't go as you wished
It's always in the blood of newbies to become a future whales so they start holding any tokens they can get their hands on, I've done this years ago and it never favour me, I end up losing more money in the process, many coins and coins I hold turned into pennies right before my eye, I was in more debt and I couldn't feed myself well but things start changing when I changed to taking profits, I'm now able to feed others around me as well, just my own experience
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