Topic: Is hodling alts dangerous? - page 49. (Read 4497 times)
I think holding is the best investment method for crypto-currencies and it's much safer than trading altcoins. From what I know, many people in this forum are just buying their favorite altcoin last year and have made a lot of money since they will never miss the pump as this market has more pump then dump in the long run so it is almost profit guaranteed unless you invest in bad projects
I think that's not true, they are down because bitcoin values come down, just look at now bitcoin rise and all altcoin values also go up. because I think almost all alccoin values follow bitcoin value if bitcoin down he will come down that's the other way around.
Holding alts is not dangerous if you continuously monitor your alts which you properly chose. If you have done your homework in determining which potential alts you invested with, well i guess there is no danger in holding your alts because at the very start you were already on the right track. Dont just hold and sleep later, you need to keep track of your investment and be alert to act accordingly when market seems to be moving so fast and irregularly.
Hodling of altcoins should not be dangerous if you invest in the right coins. If you choose projects with a real use-case, a solid roadmap/white paper, an
excellent team and big community that will be not a high risk. Shitcoins = dangerous !
excellent team and big community that will be not a high risk. Shitcoins = dangerous !
It clearly depends on the project you are investing. Alts are in my opinion a bit more risky. Also you need to keep following the project to see, if those promised features are really made in time or are delayed.
I personally invest in both, since there are quite interesting altcoin projects, which are very promising and have a good team. So, yes and no, holding altcoins can be dangerous but also can be profitable in the long run.
I personally invest in both, since there are quite interesting altcoin projects, which are very promising and have a good team. So, yes and no, holding altcoins can be dangerous but also can be profitable in the long run.
Depends which alts. You need to look at the work, the team, and the future of the alt-coin you want to invest in. Are they doing their marketing, do they have big plans, are they up to date with what they promised? It's like choosing a company stock.
I think altcoin holding is dangerous if you don’t follow their news or Road Map and If their value rises. you need to be careful with altcoins when you plan to HOLD
Why would be dangerous? Maybe if short term profit is what you want. But you deeply searched on what altcoins you want to buy and you've really believe on their technology I don't think that will be dangerous because you will hold it for long term and have a perfect sell target.
I think altcoin holding is dangerous if you don’t follow their news or Road Map and If their value rises. you need to be careful with altcoins when you plan to HOLD
Why would be dangerous? Maybe if short term profit is what you want. But you deeply searched on what altcoins you want to buy and you've really believe on their technology I don't think that will be dangerous because you will hold it for long term and have a perfect sell target.
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
Well, it really depends on the altcoin. You are right stating that in 2013 there were several coins which looked very promising for the long term (for example Primecoin, etc.) and then they are basically dead project right now. But always keep in mind crypto-space moves much faster than 'traditional' assets like stocks or commodities. So 'long-term' for cryptocoins could be considered a year or even less.
A little difficult to answer according to me because there are three types
1.with great project which can be a source of usage in daily life
2.with normal structure but with good team who keeps updating from time to time
3.with no proper white paper run by pump dump groups
In first case you understand the project and invest for long term.time plays a major role and the big players add on gradually,so you can hold .in second case,fluctuations in the price happens based on updates and announcements.be it good or an average coin,it still fluctuates time to time.this is for day traders.hold for day or two is recommended depending on the update.in case three,better stay out of it.you may gain profits once but you will get addicted and will come to zero again.
1.with great project which can be a source of usage in daily life
2.with normal structure but with good team who keeps updating from time to time
3.with no proper white paper run by pump dump groups
In first case you understand the project and invest for long term.time plays a major role and the big players add on gradually,so you can hold .in second case,fluctuations in the price happens based on updates and announcements.be it good or an average coin,it still fluctuates time to time.this is for day traders.hold for day or two is recommended depending on the update.in case three,better stay out of it.you may gain profits once but you will get addicted and will come to zero again.
I think altcoin holding is dangerous if you don’t follow their news or Road Map and If their value rises. you need to be careful with altcoins when you plan to HOLD
It isn't dangerous. If your worried about the risk, then hold alts which are well known, have a product and a good team and stick to some of the majors i.e. ADA
Holding alts is not dangerous. In fact, as the price of bitcoin increases, the price of alts also increase. Basically, holding alts can help people to earn more money. At this time, holding alts is very profitable.
I think it's actually very very dangerous...
For your health for example.
The need to be in front of CMC all day in stead of working
bad influence on your relationships
dreaming about cars, boats, moon trips...
For your health for example.
The need to be in front of CMC all day in stead of working
bad influence on your relationships
dreaming about cars, boats, moon trips...
I only hold the coins I mined. It is quite profitable.
Holding altcoins is the most exciting part for me anyway, because of the variety of projects out there and the volatility, alts can really work out well, there is always a risk especially if you hold on exchanges as we have seen over recent time a lot of exchanges either getting hacked or shutting down.
Alts are dangerous but also exciting.
Alts are dangerous but also exciting.
holding trash alts for me is dangerous but if you hold the right altcoins you will get good outcome from holding.
alts coin increase rising as soon as possible, therefore you hold alt coins,. will be patience
It is not dangerous but actually more profitable if you check the coins carefully and hold most top ranked coins
avoiding any that look scams.
Yeah, agree with you on that. Your profit will multiply by 100x if you hodl them for years if you can hit the coin which will pump up later after they hit the exchange. But there is always that possibility that the alts you are holding may become dead, that's the risk of it. But in terms of danger i think it is not dangerous, only a little risky and you should always monitor your alts and act accordingly if there is a serious move in the market. avoiding any that look scams.
Hold or trade also needs a solid knowledge and a little luck, feeling the market. I saw them hold and won big with NEO, ETH. They spend a great deal of money and get the desired profit. Time of August to now. ETH was there at x9 times. Altcoin is also very diverse, give yourself the best option.
That's why you need to do a research about them carefully especially if it is a large sum of money and that's when we can call it very dangerous. You could be holding bag of either hypedcoins or shitcoins so beware.
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