Topic: Is hodling top 10 Marketcap coins a good tactic? - page 4. (Read 2285 times)

Exactly but this don't just happen with old or dead projects, it's a continuous process for centralized token/project owners like what they do is create something from the beginning make names out of it, one successful projects and people are already looking up to them, and when you such big hype coming, and your already existing project which have a great potential might seems to have reached the profit limit the developer was expecting, instead of a continuous actions and progressive upgrade on its network what they do is leave the current project at it's current level and propose something new which they will claim to have a different purpose which one token could have solved entirely this is just to create new token and request for finds which will go into their private pocket, and most people usually fall victims of such project thinking is something they are going to make huge profit out of it, not seeing the scam scheme behind all of that.

A typical example of such an act is Tron and its entire foundation; either they directly create a new token or they will indirectly and publicly fund a new project under its network, owing the highest share of the project and attracting potential victims to their new project.

One thing I have noticed about altcoins is that, every year, there's always a replacement for the already-existing shitcoins. It's likely that those failed projects in the previous year have abandoned the project and created a new one with a different name so that people will not realize it's them, and while people don't notice that it's just the same shitcoin project that scammed them the previous year, they still get convinced to invest in the same old project that has just resurfaced with a different name, road map, vision, and mission, which they will still end up abandoning and creating another project in another year.

What I always say to anyone who wants to invest in altcoins is that he or she should just have it in their mind that putting their money into altcoins is as risky as gambling, which is a game of luck. It doesn't matter whether it's an old coin or a new token; altcoins are just what they are.

Not only does your coin not die, but also your coin should generally be trending up by the time that you want to cash out.. or at least to potentially also be able to hold its value at a price that would have had been higher than the average price that you ended up buying into it.

I would imagine that there are going to continue to exist an overwhelming majority of zombie coins or quasi-zombie coins that generally are dying or going to die.... and having ongoing downward spiraling of their prices, adoption and use-cases - absent their ability to figure out some kind of a use case or to prevent themselves from going into such status... surely many coins already try to market themselves on the impression that they either have a current or a future use case, and so sometimes they are able to keep up some aspects of their price and/or the appearances that they are not a downwardly spiraling project.

Bitcoin is not exempt from such consideration - and surely part of the reason that bitcoin remains valuable (and perhaps one of the only valuable cryptos) is because it has been envisioned and create in such a way that emphasizes the sound money angle and resilience to attack that continues to build and to be reinforced through ongoing building of its network effects (largely those seven outlined by Trace Mayer in 2015).. Surely there can be various shitcoins that continue to survive, even with bitcoin as the strongest and soundness of monies - because it could take decades and maybe even into the hundreds of years for value to really gravitate and to be pegged on bitcoin or some kind of a coin/project that would need to take over bitcoin's network effects in such a way that it would need to be something in the neighborhood of 10x better in order to actually take over the king.

So what I am suggesting is that if bitcoin is not able to continue on its current trajectory in terms of being the soundest of monies and ongoingly resilient to attack, then bitcoin could also end up as a downwardly spiraling project in terms of its price, and that would be the argument (and likely minority scenario) against investing into BTC and DCAing into it... which so far does not seem to be the case that bitcoin is anything other than one of the best of bets (if not the best) that is currently available in terms of front-loading and continuing to invest into it (asymmetric bet to the upside).. in these likely early days of its adoption... and the main precautions would be to NOT overdo the aggressiveness of your approach towards investing into bitcoin and to stay focused on where the value is at (instead of getting distracted by crap imitator coins and the bitcoin wannabes that are in the top 10 and throughout the coinmarket cap of top coins - absent some short-term reasons to hold or play with some of those coins for spending, trading and short-term gambling purposes rather than long-term investing purposes that should mostly emphasize accumulating and holding bitcoin and perhaps diversifying into some other assets for the purposes of riding volatility - which also could involve a certain amount of stable coins too.. and likely some assets outside of the bitcoin space such as equities, commodities, property or other ways to hold wealth that might fit with your lifestyle and aspirations) so that any of us is able to stay in the game of building our bitcoin stash and continuing to have bitcoin down the road rather than getting tricked or forced out of the understanding that bitcoin remains the king and there is no other asset or currency that even comes close to it in terms of having a strong, resilient and future-oriented investment thesis.


To me it sounds like a real losing strategy to both dilute your bitcoin investment by getting distracted into various top 10 cryptos, including having ideas to value them as if they were something like bitcoin and to contemplate buying more of them on dips, as if they were like bitcoin.

Sure, if you assess something (like bitcoin) to have fundamental value, then you buy on dips and you engage in various strategies to increase your holdings (of something like bitcoin), but if you categorize all top 10 in the same way as you are categorizing bitcoin, then you are both diluting your bitcoin investment and you may well end up losing a shit ton of money, especially if you were to engage in some kind of an equal distribution.. such as using 1/10th of your periodic investment cashflow to buy each of the shitcoins in the top 10 (not referring to bitcoin as a shitcoin, just the others)...and by the way, I don't have any problem with figuring out ways to go in and out of stable coins, as if they were pegged to the dollar (and hoping that they do not lose their peg), but stable coins are not an asset that you should expect to gain value over time, but instead to be losing value at the same expected rate of the dollar - and hopefully not losing more than that (but having perhaps more liquidity options than the dollar - and thus perhaps some greater utility than the dollar).

Agree, top 10 or top 5 does not guarantee those projects will be safe and always profitable. Let's look back and see where the top altcoins like EOS, LISK, and BCH... have disappeared. I haven't even seen anyone mention them, let alone profit. Investing in altcoins, old or new, is gambling and potentially risky. Always research and analyze before investing, and do not be too subjective with high-capitalization projects.

Reaching the top 10 doesn't necessarily mean that those coins can't fail, and even having a billion-dollar market capitalization doesn't guarantee asset safety. In fact, coins that have reached the top 10 and have a larger market capitalization sometimes turn out to fail people more, especially when people put much hope in them. FTX exchange token and Luna were also among coins with a billion-dollar market capitalization, but did that stop projects from facing the challenges before them? he Top 10 reduces the amount of risk we should worry about, but it doesn't actually guarantee anything negative won't happen to one's investment. We just have to be careful and still watch our invested tokens or coins closely, irrespective of which coins or tokens they are, so that we can stop losing before it becomes too late.

Trying to look around about on the current number coins in the market which it doesnt really signify that all of them would fly even if we do speak about bull run. Holding top 10 altcoins doesnt assure that you could make profits but its better rather than on buying those coins/tokens which doesnt really have any real use case. The most important thing on here is that you should really set up a selling point whether you are holding top coins or not and then buyback when the bear market comes. You could really be able to utilize on making profits without the need on waiting up for long years before you could see some new all time high.
You could eventually buy more in the bottom if ever the bear market approaches. On this way, you wouldnt really be making yourself getting stressed just because of that long wait.
If you do see that holding top coins is a good tactic then it would really be your entire choice whether you would be sticking into your plan or would really be making out
some alterations if needed or something you do see as a better option to be made.

You can definitely doubt the fundamentals of top 10 coins. Bitconnect was once one of them. So was Luna. And those are quite recent. Back in time there were coins that didn't win the adoption game on the top.

I would say that they are aware of the risks. Most people are just investing more they can lose even if they are aware of those risks.
There are ton of gambling addicts trading and using markets as their live casino that's based on real world events.

DCA only works if your coin is not going to die. If it is you are slowly losing just more and more money.

What do you mean by that? If you're still talking about strategy of investing in top 10 cryptos, then you won't be considering volume at all. Unless you intend to change the strategy and invest in the top 10 coins by volume, not by market cap. But I don't see any benefit of doing that. I get the risk of investing in low volume coins, but you won't find such in the top 10.

Being patient and not panicking is actually not part of the strategy, even though these two things are a must for those who are holding certain cryptocurrency assets for a certain time. Meanwhile, looking at cryptocurrencies that are located at a certain rank by considering the amount of volume that has been generated is clearly included in the strategy because it is sought so that someone is not wrong in buying cryptocurrency assets, especially now that there are so many cryptocurrencies on the market which not all of them have to be considered good.

I still don't feel it was the right decision.
Even though there is nothing wrong with that because basically it depends on the decision of everyone who is here, we must be aware that conditions like this will actually make things worse, especially for those who are just here.
Maybe indeed the top 10 can be said to be something that is really good, but of course we also have to be aware that the ranking of the top 10 does not mean that all of them can be used as tools for investment, even in this case there is only 1 that is worthy and that is the king who is always in the first position, namely bitcoin .
It doesn't matter before or now the top 10 rankings have always been a reference for some people, but when we look at the conditions in the top 10, of course we know how dangerous it is to choose an altcoin in this regard.



Currently for the top 10 on CMC is this. two stable coins which of course we know this is not feasible. 1 coin meme with the pump and dump condition broken by influencers at number 9. The problem with the SEC that doesn't go away at number 6 and the nuisance problem for Sol and many more.
This is just a condition that is like false hope so indeed I think if long-term investing, only 1 is very feasible and it remains at number one.

If you want to play safe in the market going with investing in the cryptos wich has made it to the top 10 is a good idea when looking for good crypto projects with use cases, But despite the fact that those coins are in the top list does not guarantee them risk free, for instance there some coins that was ones up a time in that top 10 table but are no where to be found today, So always stick to doing your own research and invest with the money you can afford to lose.

Each trader has their own strategy, as well as the top 10 coinmarketcap altcoin hold strategy,
yes that's not wrong because the top 10 have fundamentals that you can't doubt, so your investment will be safe in your wallet,
but to get a high ROI it's not possible we get there because the ROI of the top 10 is already very high.

From face value it looks like the strategy does not work...However, if you were to compare entry points over 2 - 4 years, you will see that in this period of time that you can't lose. Unfortunately, DCA'ing $1-$10 might not help you to achieve astounding wealth like 2020 and beforehand. There is still opportunity though. DCA $50-$500 a week diversified into the top 10-20 will still yield fantastic returns over the next 2-3 years.

So, is holding top 10 market cap coins a good tactic? In the long run, definitely. The better tactic is to dollar-cost average weekly in addition to long-term holding.

I think the best way to start investing in anything is to look at your financial goals. No one can tell when a currency will turn lower so I think investing in bitcoin is a better strategy than holding the top 10 market cap currencies. Long term investment will give good profits if you can keep a strong hand and don't panic to sink $2 always join the bitcoin community. You don't necessarily have to buy the whole coin, you can buy bitcoins and monitor it, and you can always add at any time.

I think a good strategy is to hold the top 10 rankings, a large market cap and reaching more than $ 5 billion is safer, of course we need other strategies, for example we have to be patient and not panic when there is a decline, as long as we can be patient to hold then we have the opportunity to earn big profits.

We do have recently that meme coin season where most of them do reach out certain multipliers after several hours of its launching and a couple of days on which these things do really pump out like crazy.

When the hype is really there then it do even shoots up more but on the time the hypes gone or its already that overbought then for sure it would really be next is to die.Rinse and repeat and this is why its not really that ideal on dealing with it and holding it for long term. Once you are really that dealing with meme coins then you should know on when to get in and when to get out asap.

SPeaking or talking back about holding top 10 altcoins wouldnt assure out success unless if you do go all in with Bitcoin alone but with having those top 10 altcoins then we cant be sure
on where or what coins would be staying and which one would really be kicked out on ranking.

There are a majority of people who invest in altcoins but always encounter losses because, in an altcoin investment, you are investing by luck and not certainty, just like in gambling, where you are not sure of the outcome. Some projects will launch this month, and before you know it, after a few months, the project will disappear with the investors funds. Many people have also lost money by investing in altcoins at their ICO and IEO levels. Most people who have luckily earned 100x on a token they invested in also end up losing nearly all or even all the profit on other altcoins or shitcoins they invest in.

Normally, we know that there is no investment that has zero risk, but when investing in Bitcoin, you are sure that if you are able to buy during the bear market and hold until the bull market, you will make a profit. But all these altcoins and meme coins don't really obey the bear and bull seasons; they are usually based on pump and dump periods.

People who are investing in altcoins should really be aware of the risks involved so that they don't blame it on Bitcoin, because that's what most people do; they can have bad experiences with altcoins and blame it on Bitcoin.

Yes.  You might be onto something in regards to many of us sharing values in regards to "caring about profits"  - yet questions still would remain regarding how you measure your profits?  short term?  long term?  In dollars or in something else?  In hookers, lambos and blow?  In houses?

...and even if we might consider that "profits" is a good consideration to have, and maybe principles do not matter so much - even though some members are likely somewhat concerned about their behaviors reflecting values, and some members are not going to invest in potentially profitable asset classes that they consider to be pump and dumps.. or even exploiting the misinformation of others.. such as investing in knowing ponzi schemes, even if we may well know that we are able to get in and out of it.. and to be able to "profit" from our involvement.  We are all not necessarily maniacally focused on profits, even if many of us likely agree that even bitcoin has profit incentives built into it, but many of us might also consider bitcoin to be a kind of ethical investment in terms of both being able to 1) "do the right thing" and to 2) have good chances of profiting at the same time.

I frequently have said "fuck shitcoins" based on my concerns about seemingly purposefully scamming and misleading others, even though I understand that there are some innocent people involved in shitcoins and don't always recognize that they are involved in projects/assets that are way inferior to bitcoin in terms of fundamentals and also in terms of ethics... but hey, everyone learns at their own rate, no?  live and let live, even if their are scummy and scammy people out there...and people with low and easy ethics... who may well tend to boil all matters down to whether or not they are "profiting."


I agree with everything that you say here LittleBitFunny, and furthermore, I would suggest that ethereum's use case has been for the purpose of facilitating the ability to scam others.. easy ways to obfuscate and scam others, then use ethereum.. Historically, presently and perhaps into the future, that's their use case... mostly, if not exclusively... ..and for sure, there are possibilities to "profit" from the ability to obfuscate and to scam others, and so it is surely possible that you can continue to make money from ethereum, just like there have been historical abilities to make money from ethereum for some folks... whether or not they can continue to keep the scam going might be another story.. but whatever, I don't claim to have any kind of crystal ball in their abilities to get powerful (and potentially) rich folks helping them to fuck over normies with their ongoing smoke & mirrors house of cards bullshit... so yeah.. "invest" in them if it makes you (not referring to you specifically LittleBitFunny) feel like you might "profit" within that kind of a seemingly "fiat" and somewhat "valueless" framework.

That's so true.

I've been there and tried to get myself with meme coins but I was no good. It made me bare losses and I never tried it again. It's certainly is a gamble and those that we're seeing making profits, that's good for them.

But, it's not always a good day for them and those making a lot of money there have also have a huge losses before and just learned from their mistakes while some, it's pure luck.

I agree with you in some extent but i have another idea. I would like to say coins that are placed on the top ten position, it must be massively prosperous.  It is extremely difficult for any coin to get a place. But Luna and FTX is different issues which were in good position but could not hold their place continuously. Currently, the coins that are in the top ten are definitely reliable. In which you can invest as per your choice as per your convenience.  If no new scam happens then I think every coin in the top ten is worthy for investment.