Topic: I feared new altcoins might be left out (Read 2070 times)
A lot of altcoins have done considerably well considering how long the bear run has lasted. It's premature to conclude that altcoins will be left out.
Not all altcoins will suffer this fate. there are worthy projects that show good results after a long time. Be careful with the new coins. And of course, the largest percentage of investments must be kept in bitcoin.
Only most serious projects will go ahead, development is as important as the community is. Many of the proposed projects will die as they were created only to take away money
I feared new altcoins will be left out so i start selling some coins for bitcoin because it can be a big blow if altcoin fails to surge like in 2017 after bitcoin reach a new ATH, what do you think? And what would you have done in my position
One thing I have come to believe is that no one knows when altcoins will surge like that of 2017 again we can only anticipate and try our best by holding the good coins. Actually not all new altcoins will be left out, I see altcoins with use case and working products being given attention while those with nothing but a good whitepaper will be seen as pump and dump coins, and we see most of these in new IEO where after IEO and listing investor dump and move on while taking profit to BTC or ETH etc. Also, your decision of selling to BTC is good but I also think it is worthwhile to hold 1 or 2 altcoins maybe ETH or any other.
There is nothing new about new projects of today, 90 percent of the new projects are copies of old projects that's why they failed, as a developer you have to bring in something new but still this doesn't erase the fact of getting scammed
I believe, either new or old, altcoins will be left out, so you need not fear.
Instead you need to work and figure out which altcoins will be left out.
That's the right thing to do, regardless of the market situation, even in bullish times there are still altcoins that are not performing. Instead you need to work and figure out which altcoins will be left out.
and if we generalize the entire altcoins, you can barely choose a good ones, most of them are scams or has no good vision in the future, so it's advisable to choose wisely.
Projects struggles, to create a product or to raise funds, which leads to definite delisting of tokens on any exchange it is listed and then its death.
It is up to us, do avoid fud / fomo, set our emotions aside as we invest.
Always dyor.
It is up to us, do avoid fud / fomo, set our emotions aside as we invest.
Always dyor.
I'd rather choose the old ones, i mean the altcoins that are already listed in different big exchange as volume matters a lot.
I believe, either new or old, altcoins will be left out, so you need not fear.
Instead you need to work and figure out which altcoins will be left out.
Projects struggles, to create a product or to raise funds, which leads to definite delisting of tokens on any exchange it is listed and then its death.
It is up to us, do avoid fud / fomo, set our emotions aside as we invest.
Always dyor.
Instead you need to work and figure out which altcoins will be left out.
Projects struggles, to create a product or to raise funds, which leads to definite delisting of tokens on any exchange it is listed and then its death.
It is up to us, do avoid fud / fomo, set our emotions aside as we invest.
Always dyor.
In fact I am always afraid of newly mined coins.
Some of them are not worth of investing in them while some are highly profitable. But I am sure that those that are profitable will not cease to exist in the crypto although they may take a long time before they accomplish the real purpose of their mining.
Why? if you have plenty coins outta here and that's not even a big problem for anyone. Newly mined coins are too risky to be considered as an investment becuase it has not yet proven itself can be trusted by any buyers from the crypto space. Just try to take a look at some new POW coins that become scam. Some of them are not worth of investing in them while some are highly profitable. But I am sure that those that are profitable will not cease to exist in the crypto although they may take a long time before they accomplish the real purpose of their mining.
Just doing the right thing won't make me doubt my decision and won't worry about it. The idea of investing in the newly launched coins was made during the all-time high and I think it's already done and everyone has to accept that their era was done.
Keep more bitcoins.
Keep more bitcoins.
at this time I have also started selling assets that can be sold for bitcoin or ethereum. this happens to new coins that do not have any development. other than that, it was a good decision. seeing that in the future there will be halving, I think collecting bitcoin is a good idea, especially now.
You made the right decision to sell your alts (I supposed these alts of yours are new coins that dont have progress).Coins that no progress are likely to turn shitcoins and become worthless, so why stick to them if you cant gain anything from it better to sell while it has still value. Instead hold a top coins, its much safer and worth to hold even for long period.
In fact I am always afraid of newly mined coins.
Some of them are not worth of investing in them while some are highly profitable. But I am sure that those that are profitable will not cease to exist in the crypto although they may take a long time before they accomplish the real purpose of their mining.
Some of them are not worth of investing in them while some are highly profitable. But I am sure that those that are profitable will not cease to exist in the crypto although they may take a long time before they accomplish the real purpose of their mining.
That's why we should always choose them in a selective manner which every staked coin will not generate profit. There are many staking coins which we need to find out their active developments and it will surely help us to make some decent profit in the long term holding.
In fact I am always afraid of newly mined coins.
Some of them are not worth of investing in them while some are highly profitable. But I am sure that those that are profitable will not cease to exist in the crypto although they may take a long time before they accomplish the real purpose of their mining.
Some of them are not worth of investing in them while some are highly profitable. But I am sure that those that are profitable will not cease to exist in the crypto although they may take a long time before they accomplish the real purpose of their mining.
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at this time I have also started selling assets that can be sold for bitcoin or ethereum. this happens to new coins that do not have any development. other than that, it was a good decision. seeing that in the future there will be halving, I think collecting bitcoin is a good idea, especially now.
This year has a few events like the halving and potential launch of Facebook's cryptocurrency that may add some improved interest from retail and institutional investors from the next quarter onwards and this may have positive effects on alt-coins that are good quality
Yes, but which of the two events will happen earlier this year? is it half bitcoin or the launch of Facebook cryptocurrency? because these two events will greatly benefit everyone, not only investors and other institutions.
I have no messy for new altcoins since many of them are bad projects, any new project that worth standing will have to change people's mind, investors are not to be blame for this but developers, too many repetitive projects nowadays
I feared new altcoins will be left out so i start selling some coins for bitcoin because it can be a big blow if altcoin fails to surge like in 2017 after bitcoin reach a new ATH, what do you think? And what would you have done in my position
It is true that most altcoins would be left out to die but it really depends on the type of altcoin. There are a great number of altcoins today and holding the one with no prospect will only lead to loss, holding the pump and dump altcoins is also a bad decision. Now, about selling your altcoins to BTC is a good move as holding BTC is always the best to hold, coupled with few altcoins so as to balance everything. So the idea is, hold good altcoins like ETH and hold BTC in a good amount.
This year has a few events like the halving and potential launch of Facebook's cryptocurrency that may add some improved interest from retail and institutional investors from the next quarter onwards and this may have positive effects on alt-coins that are good quality
All altcoins are also worth holding, it is never too late for you to reconsider your decision of selling most of your altcoins in your portfolio for bitcoin. You would never know when that particular altcoin you least expected in your wallet gets it's shine and hit an ATH. Patience and hope goes hand in hand when it comes to success with altcoins.
I feared new altcoins will be left out so i start selling some coins for bitcoin because it can be a big blow if altcoin fails to surge like in 2017 after bitcoin reach a new ATH, what do you think? And what would you have done in my position
The idea is good but needs a little re-adjustment, and that is, not all altcoins will be left out. It is true there are many altcoins today with more upcoming up as well, in the same way there are good altcoins which are good to hold, if worst comes to worst then top altcoins are worthwhile. In the same way, holding Bitcoin is always the best but in my own opinion I think it also pays to hold 1 or 2 altcoins could be major altcoins to be on the safer side or other altcoins with clear direction on what they want to achieve. If I were you, I would hold a good portion of Bitcoin with a lesser portion allocated to other altcoins..
I feared new altcoins will be left out so i start selling some coins for bitcoin because it can be a big blow if altcoin fails to surge like in 2017 after bitcoin reach a new ATH, what do you think? And what would you have done in my position
I don't want to sell my token. My experience was "Thinkcoin", During Bitcoin touch 13000 USD, thinkcoin did great bullrun. Altcoin price will change after Bitcoin halving. This two ways is profitable, swap Bitcoin or other coin could safe than old coin.Meanwhile, if you sell your token for BTC now you'll even make more profit through BTC than the token.
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