Topic: Is hodling alts dangerous? - page 53. (Read 4477 times)
I think there is no answer to this question. some altcoins can rubbish some of the very best to prices. it is important to keep the solid coin.
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
I have some altcoins that I hold for a long time. There's a lot of tokens or coins out there where you can earn passive income depending on the amount of coins you are holding. There are also coins that has a good potential in the long-run. So, if you think that a coin or a token is worth holding, don't be afraid to do so.
Holding could be dangerous if your coins are the shit 
In other cases holding is more preferable and secure. Just learn about project before you buy the coins and sometimes follow the news of devs. If the developers are working on the project - hold the coins, if the project is dead - sell.
In other cases holding is more preferable and secure. Just learn about project before you buy the coins and sometimes follow the news of devs. If the developers are working on the project - hold the coins, if the project is dead - sell. 
I think holding altcoins are more dangerous than holding bitcoin because unlike bitcoin altcoins are usually not decentralized and their prices can crash very hard even to zero, and naturally they can fail and may be zero in value.
Holding coins that came from high price is really dangerous since there is no guarantee that it will rise right away. It will just lead you to loss. But if you are patience enough, you will have your time.
Holding anything is always going to have a level of risk attached to it. Cryptocurrencies are risky and the value of what your holding will always have a chance of increasing to next to nothing. If you make sure not to risk too much and you follow the market sensibly you can do well.
I don't think it is dangerous at all as long you read and document yourself in regards of the altcoins you plan to invest in. Offering support to the development team in the early stage if they have a good idea they want to put out there is very rewarding act for both parties in my opinion.
It also depends on the type of person you are, do you want to make fast income? buy low - sell high - repeat? or you want to just hold it for couple of years and sell it once you feel satisfied. It all depends on you.
I personally like to HODL the things I believe in!
It also depends on the type of person you are, do you want to make fast income? buy low - sell high - repeat? or you want to just hold it for couple of years and sell it once you feel satisfied. It all depends on you.
I personally like to HODL the things I believe in!
Good day! You can trade altcoins. Just keep the ones that have potential value. So many times I regret selling some alts at low value then after a few weeks they would double or triple their price. Patience is needed. Just sell and get rid of worthless altcoins and keep the good ones.
There are many bitcoin maximalists out there claiming that every single altcoin and ico is a scam. I highly disagree. I think making the right choices in terms of altcoins, as in researching the team, the project, vision, can yield great results. I have been in the game since july last year, I think. During this crash, none of the choices I made in altcoins went below 100% on the original investment. However, the fact that there's a project with a solid product, vision and team does not necessarily mean it will succeed. After you've checked out these prerequisites, there is still the possibility the product might fail due to way free market economics work. Someone else might have a better product that you simply did not know about due to overwhelming amount of info you need to digest daily.
There's more to be said on the subject. But I think real projects, with real products (a few come to mind, most of 'em involving RFID tech) are safe choices. At least for me.
There's more to be said on the subject. But I think real projects, with real products (a few come to mind, most of 'em involving RFID tech) are safe choices. At least for me.
You are right that every single altcoin or ico is not a scam but in the last years there have been so many icos that have turned out to be complete scams. It is difficult to filter out the legitimate ones.
If you hold good altcoins you don't have to worry about any danger. But if you hold scam coins, low value low level coins, copy tokens etc. you should be worry about your investment.
I remember I hold stupid coins back in 2013, that I bought for ridiculous prices. Then almost all of them died. Remember kittehcoin? Meow? I lost a couple BTC for that scam.
I remember I hold stupid coins back in 2013, that I bought for ridiculous prices. Then almost all of them died. Remember kittehcoin? Meow? I lost a couple BTC for that scam.
Yes and No. That is depending on what coins you are investing in. On the other hand no one can predict the exact future of each coin. Assuming crypto will be stable the way it is right now for long term, then I would suggest you to do your own diligent to do research for each of coin you are going to hold. I would suggest low risk coins to buy such as Doge, PIVX, STEEM, BTS, BCH, BTG, NMC, XMR,DASH and PPC. My choice may not look spectacular but I have observed them, I would say they are more stable than most cryptos around
There are many bitcoin maximalists out there claiming that every single altcoin and ico is a scam. I highly disagree. I think making the right choices in terms of altcoins, as in researching the team, the project, vision, can yield great results. I have been in the game since july last year, I think. During this crash, none of the choices I made in altcoins went below 100% on the original investment. However, the fact that there's a project with a solid product, vision and team does not necessarily mean it will succeed. After you've checked out these prerequisites, there is still the possibility the product might fail due to way free market economics work. Someone else might have a better product that you simply did not know about due to overwhelming amount of info you need to digest daily.
There's more to be said on the subject. But I think real projects, with real products (a few come to mind, most of 'em involving RFID tech) are safe choices. At least for me.
There's more to be said on the subject. But I think real projects, with real products (a few come to mind, most of 'em involving RFID tech) are safe choices. At least for me.
dangerous if you can't wait too freaked out if at any time the price of the coin falls, it's usually done by novice investors who hold their coins.
I agree with you, because the average of the new investors is too easy to panic and not dare to hold the coins they have because of the fear of losing big. 
It is not dangerous when you hodl really innovative projects and avoid the real shit coins.
Always buy the projects flying under the radar of most crypto investors.
Always buy the projects flying under the radar of most crypto investors.
There is nothing dangerous if you hold coins in the top 50. They are good coin and community projects. There's nothing dangerous about it. If you're holding shitcoins, it's an alarm
Holding cryptocurrencies doesn't have any risk in it. Each and everything happening with cryptocurrencies were based on trust, because it is speculative and can be manipulated. With this in mind user should hold altcoins same as that of holding bitcoin. More the danger or the risk more will be the profiting.
Just do your due dilligence and invest in project that you believe in, then you'll be able to sleep well at night.
Also spread out a bit, so you don't risk a complete loss.
Also spread out a bit, so you don't risk a complete loss.
if $20,000% returns is dangerous then I'm living on the edge
I think there is a time it is dangerous to hold bug not every time. Altcoins ways is not the same to each other they are differ platforms and team members. They also have a different advisors. Holding in long terms is not always dangerous. There is no perfect time of altcoins in always green color it must go in low price.
Altcoins are everything except Bitcoin so of course you should hold some altcoins. Altcoins are the future. There are many great projects out there (and also lots of copycat shitcoins that don't do anything). If the crypto marketcap continues to grow then there is plenty of room for quality old, new and ico coins to coexist and return good profits.
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