How do you feel about altcoin long-term performance?

hatshepsut93

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Quote from: Argoo on January 23, 2021, 01:45:07 PM

Altcoins are only a few years old and have more than 8,300 types. Due to the fact that everyone can create their own altcoin, useless and fraudulent altcoins make up a decent amount of this number. However, in general, there is a good process of their development. You just need to choose the right potential altcoins and they are able to bring profit even more than bitcoin.
Altcoins are generally durable and worth investing in, only their useless types are short-lived.

You're missing the point here. When you look at long term, no altcoin performed as well as Bitcoin, Ethereum barely managed to get to the level of 2017 ATH, while Bitcoin already doubled it. Yeah, with good timing you can trade alts, but the same is true for everything - Bitcoin, stocks, commodities, foreign exchange, etc. But I'm not talking here about trading, I'm talking about buying and hodling for years. And alts are not good here. Nearly every alt is down in BTC price historically.

Miaallen

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I feel all the major well known altcoins are doing great and performing as or near expectations. And we can see the strength displayed by new ones such as UNI, DOT, LINK, CAKE and many more that has increased in price in multiple folds of their IEO prices. I feel good about many of them.

Coyster

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Quote from: coinswebid on January 21, 2021, 03:56:11 PM

but i believe top altcoins such as ethereum is a good coins to hold mate
as we see now, ethereum already break its ATH, and i'm sure other top altcoins will follow to except xrp

+1.
I am not too sure about other top altcoins, but Ethereum for me is doing great in the market, right from last year, it always looked positive to break the ath, which it did this month, Ethereum for me is the coin that makes the difference in the altcoin market, how high can it go by the end of this year? I wouldn't want to speculate, but I don't think the community of eth holders would be too surprised if it goes as high as $2000 and even higher; if you're hodling eth for the long term, I believe in my heart of hearts that you're making the right choice.

But by and large, OP is prolly correct cause majority of altcoins break down in the short term, as a result of either having reincarnated use case, pump and dump or a scam team behind them, that's why it's somewhat good to take your ROI in the short term and pull out before it crashes on you.

Argoo

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Quote from: hatshepsut93 on December 19, 2020, 05:01:13 PM

Bitcoin is already 20% higher than it's previous ATH: $20,000 -> $24,000

Ethereum is 2 times lower than its ATH in USD and more than 4 times lower than its BTC ATH. Bcash used to cost a whopping $12,000 at one moment, now it costs $300. XRP went from $3 to $0.6

And these are top coins, so I'm not even going to start recounting how many coins went to zero in the last few years.

It's pretty clear that holding any altcoin for years will lose your money, either by losing compared to BTC, or by straight up losing USD value.

Altcoins are only a few years old and have more than 8,300 types. Due to the fact that everyone can create their own altcoin, useless and fraudulent altcoins make up a decent amount of this number. However, in general, there is a good process of their development. You just need to choose the right potential altcoins and they are able to bring profit even more than bitcoin.
Altcoins are generally durable and worth investing in, only their useless types are short-lived.

Kunnu

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I have seen so far quality altcoins can be more profitable only for short term and it's all depends on which kind of altcoin we have chosen for short term this is very important and the other side some people buy altcoins for long term by falling in false news and their investment ends up with loss so both technical and fundamental analysis is very important before buying altcoins for long term.

silverston

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Quote from: hatshepsut93 on December 19, 2020, 05:01:13 PM

Bitcoin is already 20% higher than it's previous ATH: $20,000 -> $24,000

Ethereum is 2 times lower than its ATH in USD and more than 4 times lower than its BTC ATH. Bcash used to cost a whopping $12,000 at one moment, now it costs $300. XRP went from $3 to $0.6

And these are top coins, so I'm not even going to start recounting how many coins went to zero in the last few years.

It's pretty clear that holding any altcoin for years will lose your money, either by losing compared to BTC, or by straight up losing USD value.

Bitcoin grows because it guides the market, it was clear that the market pump would start with Bitcoin. And many altcoins are worthless projects that drew a beautiful whitepapper and promised a lot of good things in the future.

As a result, when the market fell, many such projects depreciated. Some of them I sincerely liked (for example, ICON or XEM), but now they are at the bottom, and it is far from the fact that they will ever get out, unfortunately ...

Banulit

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I have a strong confidence to top cryptos such as bitcoin and ethereum dealing it in a long-term process because we have seen how this top rank cryptos grows from time to time. If you really wanted a cryptocurrencies to hodl in long term it is really beneficial for you to do your hodlings in top rank cryptos.

seleme

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l don't think the same about every altcoin, that is why the performance of every coin is so different. For me, top altcoins ETH, BNB, etc are the best for long-term investing. XRP can be also a good choice for the long term, but as l mentioned top altcoins are not a good choice for short-term investing. On the other hand, if you can be enough patient, you can earn from ETH by long-term investing.

Quote from: coinswebid on January 21, 2021, 03:56:11 PM

Quote from: hatshepsut93 on December 19, 2020, 05:01:13 PM

Bitcoin is already 20% higher than it's previous ATH: $20,000 -> $24,000

Ethereum is 2 times lower than its ATH in USD and more than 4 times lower than its BTC ATH. Bcash used to cost a whopping $12,000 at one moment, now it costs $300. XRP went from $3 to $0.6

And these are top coins, so I'm not even going to start recounting how many coins went to zero in the last few years.

It's pretty clear that holding any altcoin for years will lose your money, either by losing compared to BTC, or by straight up losing USD value.

but i believe top altcoins such as ethereum is a good coins to hold mate
as we see now, ethereum already break its ATH, and i'm sure other top altcoins will follow to except xrp

the new season will boost the ETH price and the retouch can happen around $2k price. It is so obvious that the new alt season will boost the all dead and alive altcoin if the ETH can cross the $2k price tag. The XRP case is a bit complex and different, maybe the solution between Sec and XRP will be the new "excuse" for the boosted XRP price. Anyway, it is worth investing in reliable and solid projects nowadays.

GreekCoiner

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Seems that it was the gaming/NFTs time to run now. Since ENJ, MANA and now SAND pumped, I guess that long-term holders should be happy.

coinswebid

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Quote from: hatshepsut93 on December 19, 2020, 05:01:13 PM

Bitcoin is already 20% higher than it's previous ATH: $20,000 -> $24,000

Ethereum is 2 times lower than its ATH in USD and more than 4 times lower than its BTC ATH. Bcash used to cost a whopping $12,000 at one moment, now it costs $300. XRP went from $3 to $0.6

And these are top coins, so I'm not even going to start recounting how many coins went to zero in the last few years.

It's pretty clear that holding any altcoin for years will lose your money, either by losing compared to BTC, or by straight up losing USD value.

but i believe top altcoins such as ethereum is a good coins to hold mate
as we see now, ethereum already break its ATH, and i'm sure other top altcoins will follow to except xrp

Fivestar4everMVP

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There are still several altcoins that's worth holding, and this alts have proven themselves, for example, Ethereum is an alt but if I hold it, I would be bothered or afraid of it ever going to zero, Infact, Ethereum might even one day over power bitcoin if care is not taken, there are still some other alts that are also as good as Ethereum, but finding and investing in them is the opportunity am looking for.
But to share my thought, I believe alts also have a very bright future but not every alts, it's just the serious few that does.

NextDoor125

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I don't think so, because most coins are growing very fast, such as BTC, ETH, BNB, XRP, . They are already double their pervious price, if you invest this type of coins then already you're in loss, and other things if you invest in a new altcoin for long-term performance then you are a challenge and risk because you have to fight with the best coin. And I'm pretty sure those coins are trading well in this market, and you just waste your money with your new coin. And if you have the best altcoins then I prefer you should go with long-term performance, because those coins are profitable and give you good feedback. Maybe in the future, it's going into the sky.

BitindaHouse

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Even if all these factors of the fall are taken into account, many people can make money on it, and they earn not bad money, especially in second-rate countries ... in India, Pakistan, Belarus, of course, for an American citizen it will not be interesting, because this is not the money for which you have to work so hard.

bitcoinst

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Many have waited 3 years to sell their altcoins, and are still waiting.
They fell so low in price that they will never recover to the levels at which they were bought. Bitcoin is the way out.
Buying at the bottom, of which there were already several, you can increase your capital several times. The main thing is not in a hurry.

HerbertMarcel

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Everyone thought that ETH will pump up after the ETH 2.0 launch well it did well for this time . And bitcoin is like the center point of crypto currency so its user base will never go down look at the market now. Altcoins continue to evolve and many of them have a real product that they serve.

Bitstar_coin

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Not all alts have a good long term performance, this is the reason why am finding it difficult to decide whether to hold some alts long term or short term, if you look at project like waves, link, bnb ..... etc in same category, some have appreciated over time while others have done nothing but depreciate over time, as a result of this, it is hard to pinpoint what alts can perform better in long term because it important to know this.

AssociatesBumble579

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Bitcoin is a stable coin at all. Its rate is higher than the other coins. In this situation, it would not be wrong the Altcoin is in a down coin. Defi is most important for Increasing the Altcoin value Because in last year BTC was counted as down coin a but at the same time ALH was higher than another. So, In this calculation the legit description is the ratio of ATH value depended on the father coin value, When a father coin value going to high than the son coin.

chanler

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This is the bullish time of Bitcoin, but not yet for altcoin season, There may be still waiting for the right moment after Bitcoin really reaches the highest ATH again and being quite stable at that rate. Altcoins season, I am pretty sure, will be coming., However, we are still waiting for it right now. yeah, it may be quite different from the previous alt season that was almost similar time with Bitcoin Bullrun, but his time is likely late.

Sled

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The growing number of altcoins makes the market more alive and full of competition but somehow, many were also becoming dead as they are abandoned by their developers which is also a factor that people will ignore them and focus on Bitcoin.
I'm still holding altcoin but only Ethereum, yes, I have some bounty rewards in the past but they are all dead now, that seem worthless, and not to mind them anymore.

Ryker1

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I really feel indifferent and uneasy when it involves altcoins because one thing is clear; most altcoins are not bullish on the long term which means you just simply cannot buy the dip and hope for a yearlong pump; instead an altcoin could get delisted and perish in weeks. Only bitcoin, etherum and few other altcoins are bullish long term.

Well, I have some altcoins and tokens in my wallet. Some of them are listed and some of them are abandoned by the owner. I don't expect too much in low-value altcoins, sometimes I think that they are worthless and just a decoration in my wallet that I have these nonsense altcoins. Altcoins that on the top of the Coinmarket cap has a potential it seems good but the rest, I don't know if they are good in long term holding performance, they are just hype and perhaps they will able to gain mass adoption, but at the end, they will get dump and becomes useless altcoin.

bttmember

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Quote from: hatshepsut93 on December 19, 2020, 05:01:13 PM

Bitcoin is already 20% higher than it's previous ATH: $20,000 -> $24,000

Ethereum is 2 times lower than its ATH in USD and more than 4 times lower than its BTC ATH. Bcash used to cost a whopping $12,000 at one moment, now it costs $300. XRP went from $3 to $0.6

And these are top coins, so I'm not even going to start recounting how many coins went to zero in the last few years.

It's pretty clear that holding any altcoin for years will lose your money, either by losing compared to BTC, or by straight up losing USD value.

I know there is a lot of disappointment in the community regarding the performance and price of altcoins but i think this was expected now we cannot do anything but just see btc mooning to 100k or even more and then we can expect the alts to move big but only after btc jas found new peak.

cassavachips

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In the long term, we could see good and bad altcoins. Even though their prices have dump, they continue to survive and innovate because all crypto prices are so volatile.

I have never regretted holding several altcoins like ETH and LTC. Because there will be times for them to go up and down. The most important thing is not to buy at a price that is too high.

hatshepsut93

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Quote from: tsaroz on December 24, 2020, 09:36:16 AM

Anyway you look at altcoins, they are all disappointment. But still, we need to keep looking them in different ways.
Ethereum and other popular alts have not reached their all time high or not rose in comparison similar to bitcoin. But what we should also consider is altcoins are not bitcoin, they have their own use case and the price change similar to bitcoin could have an adverse effect on it's use.

They only have hypothetical advertised use-cases, and serious investors understand that and avoid them. This is the reason why institutional investors are picking Bitcoin over any altcoin.

Quote from: MCobian on December 24, 2020, 02:44:29 AM

I don't agree with the opinion that holding long-term altcoins will lose our money. Because there are several altcoins that
are great for long term investment, so if you want to invest in altcoins you have to be able to choose the right altcoins.
My advice is to choose altcoins that have high volume, and are also popular, this will make them recover very quickly
if the price drops. But don't compare it to Bitcoin which recovers very quickly, altcoins recovery is relatively longer.

This is a poor advice, volume and popularity don't guarantee that a recovery will happen, there's no connection here. Also, the point of long-term investing isn't recovering from losses, the point is having high returns, and altcoins have no reason to yield high returns over long time - for that to happen, they would first need to actually deliver on their promises, and even here they fail. Take Ethereum for example - who uses it as a "world computer"? Ethereum team promised that everything will be moved to smart contract and centralized system will be abandoned, but the only thing ETH achieved is an ecosystem of tokens, which are mostly used for scamming.

CryptoLogo

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Quote from: tsaroz on December 24, 2020, 09:36:16 AM

Anyway you look at altcoins, they are all disappointment. But still, we need to keep looking them in different ways.
Ethereum and other popular alts have not reached their all time high or not rose in comparison similar to bitcoin. But what we should also consider is altcoins are not bitcoin, they have their own use case and the price change similar to bitcoin could have an adverse effect on it's use.

In the long run, there really isn't much point in choosing altcoins. As practice shows, they are too dependent on bitcoin and do not recover properly after major drops.
Bitcoin as an independent unit looks much better, because in general, the whole trend of the existence of bitcoin can be called positive.

tsaroz

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Anyway you look at altcoins, they are all disappointment. But still, we need to keep looking them in different ways.
Ethereum and other popular alts have not reached their all time high or not rose in comparison similar to bitcoin. But what we should also consider is altcoins are not bitcoin, they have their own use case and the price change similar to bitcoin could have an adverse effect on it's use.

jademaxxiss012

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Bitcoin is really a good digital currency though it is independent on its own as currency and no one could regulate it except if the creators or founder itself would like to manipulate the system. However, I can't be sure also if system could be manipulated because the blockchain itself had under gone 51% attack but I do not know if it was successful or not. But the good thing bitcoin remain good and that should be something we should be happy about it.

MCobian

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I don't agree with the opinion that holding long-term altcoins will lose our money. Because there are several altcoins that
are great for long term investment, so if you want to invest in altcoins you have to be able to choose the right altcoins.
My advice is to choose altcoins that have high volume, and are also popular, this will make them recover very quickly
if the price drops. But don't compare it to Bitcoin which recovers very quickly, altcoins recovery is relatively longer.

rat03gopoh

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I do exclude any altcoins from being held long term. I only buy and hold them for at least a month when there is good news about their development, the rest is for day trading. After all, Altcoins are an unhealthy asset. The price movement sometimes goes against the flow due to internal factors of the company. In the past, I've lost a lot holding new altcoins.

maryanti

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The best investment option is in bitcoin. do not store altcoins for too long as they will lose money.
When there is an opportunity for profit immediately sell.
Although top coins like eth, which used to go up with bitcoin, are now declining.
There's no guarantee that the top coins will last very long.

poodle63

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Quote from: ?? on ??

And it is the same even with top 10 or top 50 alts. Long-term holding for them is really risky. But if you assess them and you are confident with yourself that you are on the right track, then go for it. Because only you can decide where to invest. But you need to meticulously assess each project you want to venture with. Because whatever the results of your decisions, is all on you. On my end, I am not really confident with alts, so I usually stick with btc.

Honestly these altcoins with high market cap is having a hard time being pumped because its potential probably already on its peak. altcoins with relatively low market cap but still not too low could make huge profit but usually very risky. I think the most suitable coin for long term is just bitcoin honestly seeing its dominance which humongous and everytime there's a good news about blockchain adoption everyone goes crazy with bitcoin.

ahoenk

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Alt coin in long term used is still needed but you also need to researh which altcoin has a real project development. IMO these are altcoin which can still used for long time. :
1. Ethereum : its EVM will be used untill next decade
2. Litecoin : it will still usefull for payment transactio, but we will always see the high fluctiation.
3. Dash : with the launch of dash pay it will be daily use for payment
4. Steemit : it will still be used for blogging ( i dont understand why the price dump so hard )
5. SYL : for identity verification is next future ( XSL Labs )

Kareemramzy87

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In my opinion, trading in the long term needs to be studied, especially since the prices are now high, and if we hold and they fall, we will lose a lot.

Yatsan

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Some Altcoins are still getting into small movements in terms of price so we cannot say that it has been consistent for the past years ever since the last bull run that have happened way back 2017. There are still. Some Altcoins that are performing well but sadly dump its price right after reaching a new price mark. Of course it is a sad thing that such performance have been prolonged and still it has maintained into that situation. For sure many of us are also having Altcoins aside from Bitcoin so we are sharing the same thought and feeling with regards to that. Better do always take into observation your Altcoins to see which are still having a chance and those who are not so you can dispose those and at least make it a part that you will gain somehow from them.

Fredomago

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Quote from: lumierre on December 22, 2020, 03:21:31 PM

If we are talking about storage for several years, then you need to look for options for Altcoins not lower than the TOP 50.

I agree with that, as those who are inside top 50 mostly have a good community supports and the developing team are still active
developing the project and providing updates.

Quote

With a strong desire to take a risk, but it is good to study the coins in which you want to invest.

It's very important that you have a much deeper understanding with the assets that you'll going to invest your hard earned money
knowing the future and have a much better glimpse from how things will go in the future.

Quote

There is always risk, there will always be ups and downs in the market.

Risk is part of your venture, any investment have it. If you want to continue then keep doing your DYOR from time to time to lessen
the risk.

lumierre

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If we are talking about storage for several years, then you need to look for options for Altcoins not lower than the TOP 50. With a strong desire to take a risk, but it is good to study the coins in which you want to invest. There is always risk, there will always be ups and downs in the market.

isaac_clarke22

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Quote from: hatshepsut93 on December 19, 2020, 05:01:13 PM

~

This is why many altcoins are meant to be daytraded anyway.
I've hold some ICO tokens and they went dead for quite some years now and good thing I managed to sold to the narrowest price as possible before it went flat.

Sterbens

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Quote from: hatshepsut93 on December 19, 2020, 05:01:13 PM

It's pretty clear that holding any altcoin for years will lose your money, either by losing compared to BTC, or by straight up losing USD value.

That's right, I had another year holding altcoins that finally ran out and had nothing to do with. As for not all altcoins, there are still some altcoins like Dogecoin that are quite guaranteed apart from bitcoin and Ethereum. Of course Dogecoin is worth investing in until recently.

leea-1334

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Quote from: jahepahit on December 21, 2020, 02:22:10 AM

I think because of bitcoin dominance, alts have not been able to perform like people expected. In as much as major focus is on bitcoin, alts growth will be slowed Down and they will rise when BTC becomes stable. But am not so convinced that some top alts ATH will be attained. this Time. Some are still holding the alts they bought at high price because they didn't want to sell at loss. So long term alts performance is not so encouraging but its best to take profit without greed.

Not so much about greed anymore with some altcoin holders,,, at least, to talk about myself;) A lot of alts I just left them and let them die on platforms or even wallets I do not bother to open anymore. It is not that I am greedy. Pointless to go through a lot of hassle for a few dollars, but worth it to do something later if they hit hundreds. May never happen but who knows?

iTradeChips

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To be honest, I have not really given much thought about altcoins as my main investment. I always focus on Bitcoin and I always trade altcoins to bitcoin and always do my trade so that I will earn in Bitcoins or satoshi. I only use altcoins that I see tradable, in my daily tradings in Binance. I want to earn bitcoin and only bitcoin is increasing right now. I don't see that it has an impact with the other alts. Maybe in the long run but why wait when you can earn now. Research well and do day trading.

Shasha80

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I have to admit investing in altcoins is not very safe, because until now some altcoins have not been able to return to their all time high prices.
While Bitcoin managed to reach the new all time high price at $ 24,000. So I agree with the opening post, investing in altcoins can lose our
money. Although not all altcoins are like that, there have been a few altcoins that made it to an all time high this year. But my advice is
to convert the altcoins we have into Bitcoin, to make it safer and more profitable.

Dr.Osh

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Quote from: hatshepsut93 on December 19, 2020, 05:01:13 PM

It's pretty clear that holding any altcoin for years will lose your money, either by losing compared to BTC, or by straight up losing USD value.

in fact, if we hold altcoins at the right time, it will also be profitable. for example, if we hold ethereum at the beginning of 2020, now there are quite a lot of profits that can be harvested, even though it's not as much as bitcoin. However, if you measure it in terms of ATH, maybe the altcoins have not fully recovered, but I think there are some altcoins that are also worth holding, especially for those who buy at a low price.

dimonstration

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Quote from: Inspiron14 on December 21, 2020, 04:09:51 PM

The long term Bitcoin looks amazing so far, because the price of Bitcoin is able to reach a new all time high,
moreover, many predict that Bitcoin in 2021 will be above $ 300k, of course this is really the long term goal.

The price we're too hight for next year prediction, it can reach such amount but we were not sure when it can happen, we should be. Realistic somehow. It's good to keep accumulating BTC as much as we can so whenever we see room that the price will get down in a bit then take that opportunity to buy.

Inspiron14

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The long term Bitcoin looks amazing so far, because the price of Bitcoin is able to reach a new all time high,
moreover, many predict that Bitcoin in 2021 will be above $ 300k, of course this is really the long term goal.

jaberwock

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BCH was always something that would have sucked, that peak was never a real peak and never assume that it would have been that way for a very long time neither, it was obvious that it was a hyped and bubble situation by the big miners like Jihan Wu that just wanted to see their own coin becoming huge, but it was obvious when people got the hold of it, the price would have gone down. However for the others, alts are looking great long term because in a world where bitcoin broke over the all time high, it is obvious that we are going to see all time high with the altcoins as well eventually.

What bitcoin thought us is that even after 3 years of break, we could come back and break over all time high, which means alts may take even longer, maybe another 3 years who knows, but if you wait long enough you are going to see all time high in everything.

poodle63

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Quote from: cryptolord2077 on December 20, 2020, 02:50:25 PM

Quote from: Mighty_crypt on December 20, 2020, 07:26:52 AM

The success of a new project is all in the hands of the team, how hardworking and determined the team are is what will create success for the project, most new projects now are not reliable, very few have dedicated teams, to find out which altcoins is good for long term holding first make sure the team behind the project are real blockchain experts

Personally, I am not attracted to most altcoins as part of a long-term investment.
Too many top coins have dropped too low and have been unable to get out of this hole for a long time. It is much better to invest in bitcoin if we are talking about a long term, or some DeFi projects in a short term.

To be fair, most of the projects that could achieve a great feat as such being listed among 20 top highest market capital could hold on for long.
Bitcoin without a doubt is a really promising investment for long term considering its chart even from the first time it was proposed and until now it's always going up but coin like ETH or any other top altcoins have done a great job achieving high market cap that they now could be considered as promising long term investment aswell.

jahepahit

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I think because of bitcoin dominance, alts have not been able to perform like people expected. In as much as major focus is on bitcoin, alts growth will be slowed Down and they will rise when BTC becomes stable. But am not so convinced that some top alts ATH will be attained. this Time. Some are still holding the alts they bought at high price because they didn't want to sell at loss. So long term alts performance is not so encouraging but its best to take profit without greed.

Dr.Osh

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Well, the altcoin price hike in 2017 was not only triggered by the increase in bitcoin price but also because at that time ICOs were very popular before many scammers broke them. however, currently, the development of altcoins is quite good. I think it only takes time for the price to recover and get close to its ATH. although not 100% altcoins will respond the same, personally, I have quite an advantage in holding altcoins, although if I hold bitcoins it will get a higher profit. But, a few months ago, it was too risky, considering that the price of bitcoin is so fast-changing.

shoreno

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Quote from: cryptolord2077 on December 20, 2020, 02:50:25 PM

Personally, I am not attracted to most altcoins as part of a long-term investment.
Too many top coins have dropped too low and have been unable to get out of this hole for a long time. It is much better to invest in bitcoin if we are talking about a long term, or some DeFi projects in a short term.

top altcoins arent many but they are limited but i must admit that few number of them are decreasing but top altcoin is still better for long term holding than most altcoins out there .

eth and xrp are an example of top alt coin . both coins have a chance , i didnt need to explain much on why it can happen to eth because all people already know that but for xrp , most people only know that xrp is less active in terms of development but there is an airdrop coming for the hodlers of xrp . this can help elevate the price of the coin

hatshepsut93

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Quote from: Kupid002 on December 20, 2020, 03:02:17 AM

Don't compare it how it lose in USD value or in BTC value. It always depend how much you enter in that currency for example if you bought ethereum in early this year which is around 100$ you already earn almost 500% of your investment. You calculate it only base on its ATH but you never see how profitable altcoin will be if you can entry in the right price. Buying altcoin on its ATH is very very wrong decision and too risky.

And Bitcoin traded at below $4,000 earlier this year, so theoretically you could 500% profit with it too. But that's not the point, the point is long-term performance, which is 3-4 years or more. And here alts completely suck, they're not even close to returning to their ATH, and why should they be if retail investors aren't going to be burned twice, and institutional investors are smart enough to not touch altcoins with a 6-ft pole. Notice how all these big players saying that Bitcoin is useful for hedging against inflation, but they are dead silent about blockchain technology and alts. They understand that there's nothing fundamentally useful about it.

cryptolord2077

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Quote from: Mighty_crypt on December 20, 2020, 07:26:52 AM

The success of a new project is all in the hands of the team, how hardworking and determined the team are is what will create success for the project, most new projects now are not reliable, very few have dedicated teams, to find out which altcoins is good for long term holding first make sure the team behind the project are real blockchain experts

Personally, I am not attracted to most altcoins as part of a long-term investment.
Too many top coins have dropped too low and have been unable to get out of this hole for a long time. It is much better to invest in bitcoin if we are talking about a long term, or some DeFi projects in a short term.

BIT-BENDER

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It's your call, to buy alt-coin of Bitcoin, I haven't bought, been-blessed with any alt-coin, I might eventually but ATM it's not to be, but to your confusion, Bitcoin it not the pivot point for alt-coin bull/increase, it's Bitcoin doing the New all time high ATH, not ETH, Bitcoin cash, Litcoin and more alt-coin, and if paraventure alt-coin go higher, Bitcoin could go lower, am excited For Bitcoin this 2020 and oblivious about alt-coin.

Dondeon

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Bitcoin is really dominating the market right now and is looking like is not going to stop but I feel the dominance will stop and the price will get stabilize then alts will rally including ethereum. It is too early to conclude that ETH is 4 times less that the ATH of btc because ETH will soon pump after then we can decide which is less or more.

jacafbiz

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Quote from: hatshepsut93 on December 19, 2020, 05:01:13 PM

Bitcoin is already 20% higher than it's previous ATH: $20,000 -> $24,000

Ethereum is 2 times lower than its ATH in USD and more than 4 times lower than its BTC ATH. Bcash used to cost a whopping $12,000 at one moment, now it costs $300. XRP went from $3 to $0.6

And these are top coins, so I'm not even going to start recounting how many coins went to zero in the last few years.

It's pretty clear that holding any altcoin for years will lose your money, either by losing compared to BTC, or by straight up losing USD value.

Thanks for bringing this up, especially for the newbies entering the space, only few Coins in the space has ever hit their previous ATH in BTC from the last bull run, if you are into Altcoin trading or investing always adjust your portfolio as the fundamental changes, because of these Coins will not hit their ATH again, and those that do, they would hit it in FIat and not in BTC.

Ryushin

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Altcoins have history of long term bad performance, you have to hold for longer to actually make some money back if you buy in the bear market, bitcoin is the only digital currency that performs very well in both short and long term hold, some altcoins will even become worthless in a very short term of holding them

Galley

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Something to predict will probably look like a fantasy. We can try to assume that a repetition of the 2017 season is possible, and everything will be very successful for altcoins. But most likely they will not reach the level they reached last time.

Argoo

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Quote from: HodlerKing101 on December 19, 2020, 11:38:16 PM

I won't even be that worried for those top coins, we know that once BTC slows down, that's when these altcoins will start to rise up. I have a feeling that especially ETH will start pumping next.

Regarding long-term performance, you can see from coins that are doing continuous progress despite being the space for so very long. Everyone thought that ETH will pump up after the ETH 2.0 launch but it didn't, you just have to be patient, similar to coins that are doing the same thing (continuously making progress) like NAV. It's currently at 500th on CMC but you can see it slowly getting back up and getting on in the front seat from their AMA with Binance.

I completely agree with your opinion. Altcoins continue to evolve and many of them have a real product that they serve. We want the purchased altcoins to rise in value. to sell them profitably. The team behind them has a slightly different task. They have to work for the long term. Many of them do not prioritize raising the price of their cryptocurrency. Therefore, in general, there is a normal development workflow, even despite a significant proportion of fraudulent and even simply useless projects.

Maxre

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That is the fact that bitcoin has increasingly dominated the market, altcoin is actually not suitable to hold for a long time and only at certain moments can it increase after it will be worthless, maybe for trading can be used because the price fluctuates greatly.

trauchot

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Quite right, therefore, in no case should you hold altcoins for a long time, but with top altcoins it is much easier, because if you invest in altcoins when the entire cryptocurrency market falls and then just wait for the growth of the same altcoins, and then you need to immediately fix the profit and then repeat the same process constantly and then you will always get a good profit.

martina14

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Quote from: hatshepsut93 on December 19, 2020, 05:01:13 PM

Bitcoin is already 20% higher than it's previous ATH: $20,000 -> $24,000

Ethereum is 2 times lower than its ATH in USD and more than 4 times lower than its BTC ATH. Bcash used to cost a whopping $12,000 at one moment, now it costs $300. XRP went from $3 to $0.6

And these are top coins, so I'm not even going to start recounting how many coins went to zero in the last few years.

It's pretty clear that holding any altcoin for years will lose your money, either by losing compared to BTC, or by straight up losing USD value.

Bitcoin at the moment is not yet giving its best to make altcoins begin with the real actions in the market.
I know we are close to altcoins season, and if that happens that the sign we can able to earn Bitcoin in the future for sure.
The only altcoins that increased and followed the movement of Bitcoin was ETH and we can see that most often in the market.
Lets be more patient for now.

rahmatullah9305

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I kind of agree with you, it was just that at that time everything was growing very actively and people did not think that their value in altcoins could fall. I believe that investing in altcoins is worth it but you need to do it wisely understanding all the risks.

Yes, basically people who invest in Altcoins don't think about falling prices, but some of them are often complacent about the profits they have previously earned, so they forget about the risks they have to understand wisely.

Shallow

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You just stated the facts and sometimes I used to wonder what Bitcoin growth so far has caused many other altcoins out there if top altcoins like Ethereum are still not close to their ATH.
What I understood so far is, owing to the fact Bitcoin is highly dominating the entire market, all altcoins will be kept on check, where many will be struggling terribly to grow which might even lead to their possible death, few like Ethereum will be gathering a little attention left to grow, and that little growth so far is what will make Ethereum investors to keep holding on. Also, once Bitcoin dominance drops, that is, if at all it will because the attention so far is too interesting, then if that really happens, a lot of altcoins will have enough room to grow and Ethereum will surly lead the run hence probably attaining its ATH or even more. Nevertheless, the crypto space is unpredictable, therefore we can only predict what we think will happen while the rest is left to the market.
Additionally, what I learnt so far is, Bitcoin is the best when it comes to long term holding, and giving Bitcoin a huge portion of your portfolio looks like the best way to go about it.

kpierce77

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Quote from: Godwinpaul on December 20, 2020, 09:06:44 AM

I would rather hold bitcoin for long term than any altcoin, because most altcoin tends to be fail. The only altcoin I could afford to risk for long-term hold is ethereum and bnb. I love the fact that there are constant developments in ethereum and bnb holds its credibility to the binance exchange which happens to be the largest and most popular cryptocurrency in the world.

As long as they have good technology, meaning accurate real use cases, I think these altcoins will still can survive, for example NEO, Litecoin and other top coins that have good technology, even though now their prices are far from ATH, they can still survive

Godwinpaul

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I would rather hold bitcoin for long term than any altcoin, because most altcoin tends to be fail. The only altcoin I could afford to risk for long-term hold is ethereum and bnb. I love the fact that there are constant developments in ethereum and bnb holds its credibility to the binance exchange which happens to be the largest and most popular cryptocurrency in the world.

gurunanakji777

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These are the top coins you compare with BTC/Usd there are some other altcoins not top coins also rise higher than its previous all time high. But I agree most of the altcoins drop hard as compare to BTC value. So I always advise set the target of selling and when market touch that price sell it & do not greed for more profit.

bryant.coleman

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Quote from: shiming on December 20, 2020, 07:59:53 AM

There are several cryptocurrencies. Among them, some of the top 10 cryptocurrencies will rise with the price of Bitcoin. After all, there is a professional team to manage and own funds. There are other cryptocurrencies, some of which also have team management capabilities. This type of team can currently work normally, you can consider him. Of course some are dead. It is recommended not to consider this.

Even the top 10 altcoins are very different from each other. They include stablecoins such as USDT and USDC, Bitcoin forks such as Bitcoin Cash and Bitcoin SV, established altcoins such as Ethereum and Litecoin, third generation cryptocurrencies such as Cardano and Chainlink, and finally shitcoins such as Ripple. Ever since the start of the current rally, none of these top-10 alts have grown at a pace which is higher than that of Bitcoin.

nrvasquez

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ethereum still has high hopes, in my opinion. Given the large community and very high number of users, it would be impossible for Ethereum to be abandoned. They have also done some development, although now the results are still not clearly visible because the too high gas fee has not been resolved

shiming

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There are several cryptocurrencies. Among them, some of the top 10 cryptocurrencies will rise with the price of Bitcoin. After all, there is a professional team to manage and own funds. There are other cryptocurrencies, some of which also have team management capabilities. This type of team can currently work normally, you can consider him. Of course some are dead. It is recommended not to consider this.

Kong Hey Pakboy

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Quote from: Mighty_crypt on December 20, 2020, 07:26:52 AM

The success of a new project is all in the hands of the team, how hardworking and determined the team are is what will create success for the project, most new projects now are not reliable, very few have dedicated teams, to find out which altcoins is good for long term holding first make sure the team behind the project are real blockchain experts

I think most team members who are starting a new project in the world of crypto and blockchain are hardworking and dedicated because they won't be building a project if they don't have this kind of characteristic. The only problem with these team members is that they do not come up with a unique project and a promising development or progress to attract more investors; that is why they fail.

CryptoLogo

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I agree with you. Altcoins do not represent significant value in the market without bitcoin, so over the past few years, their value has decreased dramatically.
And this is not surprising, many altcoin holders waited too long without any changes, coin prices fell by 99%, and grew slowly. The only thing that can bring significant profit in the hold is bitcoin.

meanwords

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It kinda suck that if you look that way but if you look at the start of this year, ETH had an initial price of $130 but look at the price right now, almost like 6x gained compared to Bitcoin. A year for me is considered long-term considering how volatile and fast the market in crypto is.

Anyway, that's only the case for the altcoins you've mentioned or altcoin who have been around for a very long time. Still, the price still depends on how the demand on the project is which is why some altcoins, even reputable ones, are dumping. Nonetheless, there were a lot of altcoins out there that gain more than Bitcoin or even more than ETH at the start of this year.

Anonylz

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Quote from: Phoenix_PROG on December 20, 2020, 02:42:38 AM

The truth is altcoins aren't good for a very long term hold, you can easily figure this out looking at what happened to every good projects in 2017 compared to today's market value, the opportunities surrounding altcoins aren't that for long time, bitcoin stands apart from other altcoins clearly

Perhaps you mean some alts, to me long term means from the very first moment a project is launched and not just ATH period, it is true some of the top alts are far from their previous ATH but it doesn't discredit their performance for long term,
If i were to be holding eth since from ico period till now believe me I won't worry about ATH neither will I assume the project haven't perform long term because that will be misleading.

Mighty_crypt

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The success of a new project is all in the hands of the team, how hardworking and determined the team are is what will create success for the project, most new projects now are not reliable, very few have dedicated teams, to find out which altcoins is good for long term holding first make sure the team behind the project are real blockchain experts

Rodeo02

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Quote from: Bertyda on December 20, 2020, 03:33:20 AM

Quote from: husdemba on December 20, 2020, 02:36:31 AM

It is obvious that the most secure investment is Bitcoin. Even today, most of the altcoins are on the decline while Bitcoin is up a little. Maybe very few altcoins will be valuable in the future, but Bitcoin will always be the most preferred coin.

I think that altcoin must be usefull in future but not to copy the most successful projects.
For example, now some ecological projects appear that using altcoins help to protect the planet from pollution.
Here information about this - https://moss.earth/blog.
An the demand in such tokens will only grow because Earth needs more protection with every year.

If they want to protect the planet you don't need to create a token just for that goal you can do it even without the need of others peoples funds or without the need of a project. Not sure why you mention that project here, the demand of any tokens will decrease as long as there is no demand or use cases in that particular tokens . You can only see successful tokens if the developers is really working hard for it's creation .

hatshepsut93

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Quote from: sangkler11 on December 20, 2020, 04:05:25 AM

be patient, holding altcoins for a long term is very risky, as we can see now the Bitcoin price has started to recover, even broke the all time high before, now we are just waiting for the altcoin season like last 2017. I'm sure it will come

2017 altcoin bull run happened because of ICO and blockchain hype. Now Bitcoin is rising because of institutional investors, and this isn't going to transfer to altcoins, because they don't view shitcoins as digital gold. They also aren't interested in DeFi, because it would be stupid for them to switch to unregulated platforms with no investor protection that are prone to bugs and hacks. Altcoin season was a one-time thing, hoping for return means just suffering more and more losses.

sangkler11

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Quote from: hatshepsut93 on December 19, 2020, 05:01:13 PM

Bitcoin is already 20% higher than it's previous ATH: $20,000 -> $24,000

Ethereum is 2 times lower than its ATH in USD and more than 4 times lower than its BTC ATH. Bcash used to cost a whopping $12,000 at one moment, now it costs $300. XRP went from $3 to $0.6

And these are top coins, so I'm not even going to start recounting how many coins went to zero in the last few years.

It's pretty clear that holding any altcoin for years will lose your money, either by losing compared to BTC, or by straight up losing USD value.

be patient, holding altcoins for a long term is very risky, as we can see now the Bitcoin price has started to recover, even broke the all time high before, now we are just waiting for the altcoin season like last 2017. I'm sure it will come

so98nn

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Quote from: hatshepsut93 on December 19, 2020, 05:01:13 PM

Bitcoin is already 20% higher than it's previous ATH: $20,000 -> $24,000

Ethereum is 2 times lower than its ATH in USD and more than 4 times lower than its BTC ATH. Bcash used to cost a whopping $12,000 at one moment, now it costs $300. XRP went from $3 to $0.6

And these are top coins, so I'm not even going to start recounting how many coins went to zero in the last few years.

It's pretty clear that holding any altcoin for years will lose your money, either by losing compared to BTC, or by straight up losing USD value.

Actually this is very good analysis based on the data present from past. It's really thinkable I mean, all the top altcoins including ether itself is swimming around the bottom. The year 2017 was something when all of them shown us how far they could go but sadly they have not kept their promises this year although BTC hiked way too much.

It is clear case that popularity is must factor for investors to invest into them. Bitcoin is like center point of crypto currency so it's user base will never go down. In fact people tend to sell their altcoins for BTC when the later one is out performing.

Bertyda

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Quote from: husdemba on December 20, 2020, 02:36:31 AM

It is obvious that the most secure investment is Bitcoin. Even today, most of the altcoins are on the decline while Bitcoin is up a little. Maybe very few altcoins will be valuable in the future, but Bitcoin will always be the most preferred coin.

I think that altcoin must be usefull in future but not to copy the most successful projects.
For example, now some ecological projects appear that using altcoins help to protect the planet from pollution.
Here information about this - https://moss.earth/blog.
An the demand in such tokens will only grow because Earth needs more protection with every year.

Review Master

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Quote from: hatshepsut93 on December 19, 2020, 05:01:13 PM

It's pretty clear that holding any altcoin for years will lose your money, either by losing compared to BTC, or by straight up losing USD value.

Agree for not to keep a long term hodling when it's about alts. But we might be see a new ATH( on USD pair) for all top alts whenever the alt season is going to be started. But i personally don't think that alts will be able to surpass the previous ATH on BTC pair as we don't know what will be the upcoming new ATH for bitcoin. Basically, everything is unpredictable and hoping for a new ATH for all of those altcoins.

Kupid002

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Don't compare it how it lose in USD value or in BTC value. It always depend how much you enter in that currency for example if you bought ethereum in early this year which is around 100$ you already earn almost 500% of your investment. You calculate it only base on its ATH but you never see how profitable altcoin will be if you can entry in the right price. Buying altcoin on its ATH is very very wrong decision and too risky.

Psynthax

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I mean it's not fair to compare the ATH between bitcoin and alts while they all have their own cycle.
But, if we are talking about its long term prospect since the alts was released more specifically the major coins it's already satisfying enough.

The dilemma of holding alts for long term is that it can be crushed anytime bitcoin make a move which is kinda bafd.

Phoenix_PROG

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The truth is altcoins aren't good for a very long term hold, you can easily figure this out looking at what happened to every good projects in 2017 compared to today's market value, the opportunities surrounding altcoins aren't that for long time, bitcoin stands apart from other altcoins clearly

Phoenix_PROG

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Let's for once stop comparing 2020 bullrun with that of 2017 because they are very different, the triggered the bullrun in 2017 is different to what triggered this year bullrun, don't expect them to perform the exact same way, altcoin season will come for sure but probably not this year anymore because bitcoin is still very bullish, no altcoin season if Bitcoin is still going up

husdemba

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Pepemo.vip

It is obvious that the most secure investment is Bitcoin. Even today, most of the altcoins are on the decline while Bitcoin is up a little. Maybe very few altcoins will be valuable in the future, but Bitcoin will always be the most preferred coin.

livingfree

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Only a very few alt would perform with bitcoin's dominance. Ethereum, for me, is quite good this time. The price it has been with before is too low and seeing it $600 would make me feel confident about it. Investing on bitcoin first is the safest option and the next option if one wants to invest in altcoins would be the choice of Ethereum.

Quote from: hatshepsut93 on December 19, 2020, 05:01:13 PM

It's pretty clear that holding any altcoin for years will lose your money, either by losing compared to BTC, or by straight up losing USD value.

I agree on this. For most altcoins, invested is about to lose that's why bitcoin is the safe haven for investing in crypto.

CryptoLing

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Eventually altcoins will keep up to Bitcoin, especially in the top 100.
Personally I will trade altcoin JUST to earn more Bitcoin. For long term, I'm just holding Bitcoin and Ethereum

Claudio99

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Quote from: hatshepsut93 on December 19, 2020, 05:01:13 PM

Bitcoin is already 20% higher than it's previous ATH: $20,000 -> $24,000

Ethereum is 2 times lower than its ATH in USD and more than 4 times lower than its BTC ATH. Bcash used to cost a whopping $12,000 at one moment, now it costs $300. XRP went from $3 to $0.6

And these are top coins, so I'm not even going to start recounting how many coins went to zero in the last few years.

It's pretty clear that holding any altcoin for years will lose your money, either by losing compared to BTC, or by straight up losing USD value.

Don't worry yourself, bitcoin isn't done yet that's why all altcoins are still not pumping big like they did in 2018, bitcoin have to get done before shifting the power to altcoins, all what's happening presently is simply opportunities to buy more altcoins, once bitcoin is done altcoin season will begin, the dominance is still very high so it might take longer before bitcoin runs out of power

tbct_mt2

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Quote from: hatshepsut93 on December 19, 2020, 05:01:13 PM

Bitcoin is already 20% higher than it's previous ATH: $20,000 -> $24,000

Ethereum is 2 times lower than its ATH in USD and more than 4 times lower than its BTC ATH. Bcash used to cost a whopping $12,000 at one moment, now it costs $300. XRP went from $3 to $0.6

And these are top coins, so I'm not even going to start recounting how many coins went to zero in the last few years.

Bitcoin dominates the marketcap and capital flow on the market. Bitcoin has better long-term performance than altcoins but if shit DeFi tokens can get much hype in this year, I expect to see top altcoins climb to their all time highs again. Break through all time highs and set up new records will be crazy. I think altcoins can do it next year.

Quote

It's pretty clear that holding any altcoin for years will lose your money, either by losing compared to BTC, or by straight up losing USD value.

You are right as they can climb to all time highs in USDT along with a ride from BTC, but in their BTC values I am not sure. If top altcoins reach their all time highs in 2018 with BTC values, it will mean their USDT values might hit a new all time highs, and they are double of 2018 values.

HodlerKing101

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I won't even be that worried for those top coins, we know that once BTC slows down, that's when these altcoins will start to rise up. I have a feeling that especially ETH will start pumping next.

Regarding long-term performance, you can see from coins that are doing continuous progress despite being the space for so very long. Everyone thought that ETH will pump up after the ETH 2.0 launch but it didn't, you just have to be patient, similar to coins that are doing the same thing (continuously making progress) like NAV. It's currently at 500th on CMC but you can see it slowly getting back up and getting on in the front seat from their AMA with Binance.

hatshepsut93

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Bitcoin is already 20% higher than it's previous ATH: $20,000 -> $24,000

Ethereum is 2 times lower than its ATH in USD and more than 4 times lower than its BTC ATH. Bcash used to cost a whopping $12,000 at one moment, now it costs $300. XRP went from $3 to $0.6

And these are top coins, so I'm not even going to start recounting how many coins went to zero in the last few years.

It's pretty clear that holding any altcoin for years will lose your money, either by losing compared to BTC, or by straight up losing USD value.

Topic: How do you feel about altcoin long-term performance? (Read 904 times)