Topic: Is hodling alts dangerous? - page 35. (Read 4477 times)
Yes, there are some risk in investing with altcoins specially with ICO because some are just a Scam ICO but if you will invest in a very trusted coin like ethereum, the risk is very low when you hold it for long.
You need to be careful to altcoins because some of them are scam just invest in projects with solid team and plan for the future.
Holding is not a game. If you don't know where will you sell it will not happy end. I think if you bought your coins at a good place. Holding is not
dangerous. Strategy is important. Decide your buying place and selling price then do it.
dangerous. Strategy is important. Decide your buying place and selling price then do it.
holding, trading any cryptocurrencies in crypto market is dangerous. because first there is hacking risk. like you can try to be safe as much as possible of course using hardware wallets, safe computers etc but you can not reduce the risk to zero.
Maybe dangerous if you are holding longer period for the Altcoin that is not legit and no viable project in long-run. So, If you have invested in the Altcoin without any paperwork to take the profit and exit. But, Altcoin that is a legit project and you have done your study then keep it longer period. Some of the good Altcoins are Litecoin, Dogecoin, BNT, CVCOIN, STQ, DIMCOIN etc.
These are good Altcoins? Man, are you sure you're making money in this market?
How come this will turn to be a dangerous? To say the fact, it would be more beneficiary and help you to grow your funds, capitals, wealth and assets. Altcoins has made many millionaires. You have to look at this first before even thinking that this would turn as a dangerous stuff. Just need to wait and move forward as per the price of altcoins you have bought.
I think that holding them now is safer than selling them now. If we compare selling the on the January point or holding - of course, it'd be better so sell them at that time, but now we just have to hodl.
It is logical that many old coins die, it was, is and will be.
Someone develops, but someone just ends up supporting his coin. But there are a lot of those who are constantly developing that also pleases.
Someone develops, but someone just ends up supporting his coin. But there are a lot of those who are constantly developing that also pleases.
Last year alts rise a lot. I dont know the average percentage. But when I check coins in the market at year 2013 lots of them dead now (too low ranks). probably new tech coins won them (like peercoin, namecoin, ixcoin etc)
Also we are following new ICO s and most of us expecting too much gain from new coins which are not at the market. If our ICO expectations will happen, when they added to market, current market coins will go down. kind of paradox
Also we are following new ICO s and most of us expecting too much gain from new coins which are not at the market. If our ICO expectations will happen, when they added to market, current market coins will go down. kind of paradox
it depends on the altcoin you are investing ofcourse you have to be very careful there put your own criteria and what suits you
Holding any coin/token shouldn't be called "dangerous" because it's not "dangerous". While you decided to hold any token, there are 3 possibilities from your investment later, first, your money will grow if the token/coin you hold are increased. Second, your investment will decreased because your coin/token's value/price are decreased, Third, your investment is almost/same like your initial balance because price are likely stable.
So we have to be very selective to what ALTS we are going to invest our money on
Maybe dangerous if you are holding longer period for the Altcoin that is not legit and no viable project in long-run. So, If you have invested in the Altcoin without any paperwork to take the profit and exit. But, Altcoin that is a legit project and you have done your study then keep it longer period. Some of the good Altcoins are Litecoin, Dogecoin, BNT, CVCOIN, STQ, DIMCOIN etc.
It seems to me that hodl is the best strategy to get big profits after a while. Of course, nobody knows how to market the market in the near future, but any strategy is dangerous.
Wait, I am not quite sure what you mean by dangerous in holding alts. Do you mean that when you hold alts it increases your your chance of getting mugged and getting your private keys by force? Everything is dangerous, even pencils, you know.
Crypto currency is a tool for making money. If you do not know how to use it, don't have risk and money managment, then this can be dangerous for you. If you have a proper experience this will bring more profit than drawdowns.
When you hold coins "frozen", you should definitely keep track of the news about this coin, tk. possible exchange with the transition to a new algorithm, delisting from some exchanges, the replacement of wallets and much more.
In fact, any investment of more than 5% per annum initially already has a very dangerous. The crypt gives a lot more, but you must soberly assess the situation.
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Not sure what you exactly mean.
Invest in projects with a solid roadmap, excellent team and a community and you will be fine.
If you throw money are pump and dump copycat shit coins you will loose in the long term
Invest in projects with a solid roadmap, excellent team and a community and you will be fine.
If you throw money are pump and dump copycat shit coins you will loose in the long term
In fact you should just make sure that you'll invested on some existing project that proves that your money wouldn't be wasted. Some alts are just focusing on giving up value with their coin and don't even care about their project to continue in short it was all just imaginary that's why don't be surprised why those alts are all dead now.
100% true. Invest and hold coins that has actual product either getting tested on or in testing and has customers lined up to use their tokens. One good example is universa— its not a crazy get rich quick sort of thing but they are outstanding in getting contracts after contracts. As long as the company is alive and is hungry youll be fone.
Altcoins are clearly high risk high profit investment, yes if you won't do proper research - it is dangerous. But when you are sure about your alt, made good research, you can't name it dangerous at all. Cryptocurrencies are future and no one will stop it.
And just to make sure that you invest in a high profile holder of an altcoin before you out your money.But many holders has a different thoughts, because of their experience. But I am sure that altcoin is our future.
I am an amateur, assuming that it is risky to hold altcoin for too long especially if the altcoin has not had a stable value. If already experienced and already experts may be different thoughts.
Not necessarily holding all the altcoin is dangerous, mainly in your place. You have the ability to analyze the altcoin that is potentially not in the future. If you choose the potential coins you will succeed in holding, the prices will rise dramatically in the future. If you choose the wrong you will hole and the altcoin you hold will die.
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