Topic: Holding Altcoins Is Not Profitable Anymore (Read 274 times)
Its always depends on the potential of the altcoins that you have mate, it's true that the most altcoins are just good for short term investment. But there are some altcoins that has a great potential in long-term investment and also in short term, just like ethereum. We all know how reliable and profitable is ethereum since its started, and until now it's still on the top of all altcoins and always second to bitcoin.
This is a speculation is wrong if in my opinion. altcoin continues to increase and order nice even development for the future. This is supported by a large number of technology also makes the higher altcoin. so, of course, invest in altcoin and hold in the long run will produce bigger and more than that can be estimated.
And what are you going to do? sell at a very low price?, better have them there forget about them for a while and let they be able to surprise you in a few months, remember that the value of the altcoins is linked to the value of the bitcoins and so far is stabilizing a bit and if you wait a little more and go up, you can foresee that the price of your altcoins will go up too.
I think that it is more than profitable if you invest on the right coins and not on shitty ones, well, it is all upto you and your investments skills, but for me, investing on the top 5 coins is the best thing to do
Half right. Only profitable if you know when to sell.
People get too greedy sometimes. They see the price going up they still hold, but the crypto market doesn't go like the way many holders expect. You want to sell here and there to take some profits and reduce risks. You can't hold forever.
People get too greedy sometimes. They see the price going up they still hold, but the crypto market doesn't go like the way many holders expect. You want to sell here and there to take some profits and reduce risks. You can't hold forever.
its human nature which dissatisfied with what has been achieved, if they can take more so why don't made it more with easiest way? most of peoples will have the same opinion to take profit as high as they can. You know very well the risk of cryptocurrency investment: market volatility, someone can manipulate the price or even dump or pump it with the blink of an eye. This can be very good and very expensive experience for us to always be thankful with what we got.
I still firmly believe in the future of the crypto currency, and it seems to me that you have in vain raised a panic. Now all prices are falling and this is perfectly normal, after such a sharp and rapid growth in 2017.
They are not thinking about that and they thinking crypto was starting from the top and it goes to the bottom lol I have seen it so manytimes about the price of crypto gets dump from the manipulators. Crypto was starting from the zero value (BTC) until it was having more than 6k value right now.
I still firmly believe in the future of the crypto currency, and it seems to me that you have in vain raised a panic. Now all prices are falling and this is perfectly normal, after such a sharp and rapid growth in 2017.
I still believe to cryptocurrency and I believe once I hold it for few years I will earn more money. But not all altcoins are good to hold because most of them are not potential but if you have potential altcoin your potential also you get high profit is very high also. Altcoins is good opportunity to earn money .
This is based on my own experience as I still have any altcoins in my wallets right now and I don't want to sell as their value is just a small fraction compared to their ATH. I now realized that I should have sold them when they get into their ATH and use the funds for other endeavors that can produce more stable income or profits. We are in a very volatile and treacherous market and personally this is not suiting my personality as I am not a big risk taker myself. There is a big possibility that by next year I will be taking half of my attention and time to other ways to make money online since I can sense that there can be a coming realignment here that can shake the whole industry akin to the DotCom meltdown.
What is your experience with altcoins and cryptocurrency in general? And are you still a hard believer in the future of cryptocurrency?
This is based on my own experience as I still have any altcoins in my wallets right now and I don't want to sell as their value is just a small fraction compared to their ATH. I now realized that I should have sold them when they get into their ATH and use the funds for other endeavors that can produce more stable income or profits. We are in a very volatile and treacherous market and personally this is not suiting my personality as I am not a big risk taker myself. There is a big possibility that by next year I will be taking half of my attention and time to other ways to make money online since I can sense that there can be a coming realignment here that can shake the whole industry akin to the DotCom meltdown.
What is your experience with altcoins and cryptocurrency in general? And are you still a hard believer in the future of cryptocurrency?
sorry but it is bullshit. altcoins are still very profitable. if you think you can be rich in a few days, there is no way. there is no such an investment in the world. but check the rates of 1 year ago and check nowadays prices. you will see they are enough profitable.
There are very few coins that can grow in value after entering the market, since most coins after entering the market fall very much in value and are traded below the price of ICO. We will not see much growth soon
All investment markets have huge risks, but I feel the same. Now, the altcoin is not suitable for long-term holding, because the market has been in a bear market and there is no sign of a bull market. Long-term holding of the altcoin is not only difficult to earn profits. More likely to suffer huge losses!
Altcoin was never suitable for long term holding, even if not all of them, but most of them and that is why a lot of people who buy at the peak always end up complaining a lot.The altcoin market is filled with a lot of pump and dump coins and tokens since there are so many of them with no product and a lot of them also with product is still not being used well in real life and that is what would bring about sustainable demand and rise in value for some of them with product and until then, it is more of buying the dip and looking forward to the pump.
Holding altcoins are always profitable in crypto currency because all the peoples are expecting good growing coin in short period.
But short term trading is really unpredictable so long term holding is profitable investment. This year many holders only safe to run in the investment.
But short term trading is really unpredictable so long term holding is profitable investment. This year many holders only safe to run in the investment.
Reading the OP it appears as if you know when it's ATH... The thing is you don't know it's ATH unless it is done and dusted.
In 2010 30$ was BTC ATH... Now what?
In 2010 30$ was BTC ATH... Now what?
It depends what you mean by profitable,
If buy bought mass NEO for 16c each, and you are generating 1 gas per 100 you hold each month, say you have 10k NEO, your generating over $1000 a month for free.
If you bought NEO at 160 dollars, then the Gas will not offset the market decline I agree
If buy bought mass NEO for 16c each, and you are generating 1 gas per 100 you hold each month, say you have 10k NEO, your generating over $1000 a month for free.
If you bought NEO at 160 dollars, then the Gas will not offset the market decline I agree
You want to get a quick profit in a very short period of time. And you know that many altcoins took more than 2 years to gain their popularity and grow well in price. If you are not a patient person, then the cryptocurrency market is not yours.
Altcoin need 2 years more? what is the speculation it is mate. I want to invest on the altcoin and get the profit after two years in the sense why people should come to cryptos bro. According to me you are completely wrong. Mostly people will be go to invest on the good altcoins which is been top 10 ranked coins mate.
If you think those coins are really shit it may grow after 2 years only. Please check the growth of the altcoins from its scratch. Its value is grown more than 200 percentage in each coins bro.
What is your experience with altcoins and cryptocurrency in general? And are you still a hard believer in the future of cryptocurrency?
you shouldn't confuse the "future of cryptocurrency" with "future of altcoins" or in other words the "existing altcoins". so far the altcoins that we have in the market are a bunch of pump and dumps. there are good projects that aren't even in top 20 coins but they are being ignored because big bloated altcoins are taking all the attention.
the future is going to be the same as long as people want pump and dumps instead of good coins.
You want to get a quick profit in a very short period of time. And you know that many altcoins took more than 2 years to gain their popularity and grow well in price. If you are not a patient person, then the cryptocurrency market is not yours.
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