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Topic: Most trusted projects ruined me !! (Read 1780 times)

member
Activity: 196
Merit: 15
Sovryn - Brings DeFi to Bitcoin
December 19, 2020, 07:53:23 AM
Late 2017 and early 2018 i was holding lots of coins and tokens from the ico's in that some i really trusted with solution and team (not only me most of crypto community trusted). Now this coins or token became nothing . But some projects i entered  to sell for small margin profit these projects given profit . So holding token or coin for long term is meaningless.
The best season to let go of your ICO tokens was in January 2018 when all altcoins are surging, that was a very bad time to hold, you failed to understand how crypto works it is, most of those ICO projects are also looking for opportunities, they are not here to stay for ever, the same thing will happen with DeFi projects probably in 2021, after the bullrun is over many DeFi projects will die too
full member
Activity: 798
Merit: 101
December 19, 2020, 07:35:03 AM
If you trust him, it means that you have observed this project and you hold it for so long. I think you know the project team very well, maybe. You should choose to continue, maybe the project team will have new actions. Maybe it will be resurrected. The crypto world is full of surprises. Of course the project must be reliable.
member
Activity: 266
Merit: 16
Sovryn - Brings DeFi to Bitcoin
December 19, 2020, 07:10:19 AM
Late 2017 and early 2018 i was holding lots of coins and tokens from the ico's in that some i really trusted with solution and team (not only me most of crypto community trusted). Now this coins or token became nothing . But some projects i entered  to sell for small margin profit these projects given profit . So holding token or coin for long term is meaningless.
It means you aren't good at picking the best projects, every coins and tokens have use cases the difference is some are better than others and some are not even needed at all, you need to work on how you do research on projects and the best coins to hold are popular altcoins, if you are going to new coins go in with limited fund
member
Activity: 280
Merit: 11
December 18, 2020, 02:35:23 AM
Late 2017 and early 2018 i was holding lots of coins and tokens from the ico's in that some i really trusted with solution and team (not only me most of crypto community trusted). Now this coins or token became nothing . But some projects i entered  to sell for small margin profit these projects given profit . So holding token or coin for long term is meaningless.
You held in the wrong time, in 2017 and 2018 crypto market was in huge bull season and that's the perfect time to sell coins not hold them, it's you that failed to understand how crypto market works and now I think another opportunity is around the corner, that is if you are still holding the altcoins, even those who invested on bitcoin @19k in 2017 are now in profit so anything can still happen
sr. member
Activity: 938
Merit: 255
SmartFi - EARN, LEND & TRADE
December 18, 2020, 02:28:00 AM
Actually, there is a reason why it has been said many times or rather why it is advisable to first research about a project before investing, this is because, it is your money and hence you have to take caution when investing in most projects and it has to be on your own terms and understanding not that of anyone who claims to be an expert, an influencer or a promoter, because whichever category the person falls in, he is doing it for his own pocket and once he gets his payment even if it's in the projects token he will still dump. Many people who has tagged one project or the other a trusted project only did that to bring more users to the project and get their pay, nothing more.
In addition, once a project you are holding isn't going as you want, there is no harm in dumping it and moving into a more trusted coin like Bitcoin.
Lastly, some altcoins are just good for short term profit, that is, once you see a good price, just sell and move on with your funds.
full member
Activity: 532
Merit: 132
December 18, 2020, 01:27:54 AM
Hodling altcoins in the long run, doesn't really means a good profit
bearish market like the last hype is unpredictable on when its going to occur again
and if so, would it be as big as what happened the last time
sometimes having faith on projects is more like a gamble, really.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
July 20, 2020, 04:36:49 PM
Late 2017 and early 2018 i was holding lots of coins and tokens from the ico's in that some i really trusted with solution and team (not only me most of crypto community trusted). Now this coins or token became nothing . But some projects i entered  to sell for small margin profit these projects given profit . So holding token or coin for long term is meaningless.
I also held a lot of tokens from 2017-2018. There was a time when those altcoins were very profitable for me, but I didn't sell them. Now their prices have dropped hundreds of times and become worthless, all because of greed and ignorance in this market.

That's probably the experience of some, those times, we thought the market will continue to be bullish and we got so greedy as they are pumping like crazy, so we are like being hypnotize by the word "HODL", and despite seeing the market going down, we still trust our that word until it we are already late in doing the dump, so there's no reason to dump when the price dropped 100 times or more already.
full member
Activity: 686
Merit: 102
July 20, 2020, 04:11:53 PM
Late 2017 and early 2018 i was holding lots of coins and tokens from the ico's in that some i really trusted with solution and team (not only me most of crypto community trusted). Now this coins or token became nothing . But some projects i entered  to sell for small margin profit these projects given profit . So holding token or coin for long term is meaningless.

Holding token or coin for long term is not meaningless but if you choose not legit project then it'll make you suffer for sure. I understand that before you invest on those project you definitely investigate. But i am pretty sure that you weren't alert more. The time you are talking about was haven for crypto currency.   Almost every coin was doing pretty good but after that every coin dump pretty hard even btc. And it's true that 98% projects are useless right now which from late 2017 - early 2018. Other hand holding altcoin (most of them) is too much risky now days.

So if you wanna hold cryopto coin then choose btc. Because BTC is the only coin you can trust and this the only coin which pump more than other after 2018 incident.
sr. member
Activity: 1344
Merit: 264
bit.ly/3QXp3oh | Ultimate Launchpad on TON
July 20, 2020, 09:36:41 AM
Late 2017 and early 2018 i was holding lots of coins and tokens from the ico's in that some i really trusted with solution and team (not only me most of crypto community trusted). Now this coins or token became nothing . But some projects i entered  to sell for small margin profit these projects given profit . So holding token or coin for long term is meaningless.
I also held a lot of tokens from 2017-2018. There was a time when those altcoins were very profitable for me, but I didn't sell them. Now their prices have dropped hundreds of times and become worthless, all because of greed and ignorance in this market.
full member
Activity: 854
Merit: 102
July 20, 2020, 09:32:16 AM
Late 2017 and early 2018 i was holding lots of coins and tokens from the ico's in that some i really trusted with solution and team (not only me most of crypto community trusted). Now this coins or token became nothing . But some projects i entered  to sell for small margin profit these projects given profit . So holding token or coin for long term is meaningless.

You have misunderstood which coins to hold and which coins should be sold immediately.
You buy coins that are already popular and you hold in the long run, of course, you have got a big profit now. But if the coin or token is the result of ICO or IEO, I think it is still fifty - fifty.
full member
Activity: 1386
Merit: 101
ComboLabs
July 20, 2020, 08:53:53 AM
in 2017 - 2018 I have a token which is very profitable for me and profitable up to $ 5,000, but indeed in recent years the token is quite disappointing, but I still hope the potential will benefit from tokens and coins.

If tokens and coins that you have had can make a profit of up to $ 5,000 during 2017 - 2018, but you forgot to sell it at that time, then you will not get that much profit on that token or coin at this time, because the token or coin is no longer being developed by the team, it will be difficult to increase prices after falling prices in the past.
if he has coins or tokens from a clear project, such as XLM or Tron,
don't need to worry, in the future we can still have a chance of getting $ 5,000, still hold
full member
Activity: 1582
Merit: 101
July 20, 2020, 08:27:20 AM
Late 2017 and early 2018 i was holding lots of coins and tokens from the ico's in that some i really trusted with solution and team (not only me most of crypto community trusted). Now this coins or token became nothing . But some projects i entered  to sell for small margin profit these projects given profit . So holding token or coin for long term is meaningless.

Yea, i think holding for many times is meaningless. I can say for PKT coin when i got that coin its price was 1k$+ but everybody said its price will be double or triple so i hold that coin and lastly i sold that coin after 1.5 year only 37$. Can you imagine it!! i think no but it happened. And i don't missed for 2nd time in MB8 coin managed by Yahoo. Everybody said it would be 1$ per token but i did not believe it and i sold my tokens with good prices and now MB8 coin price is nill in market. So i suggest you sell instant and get money.

Thanks.
full member
Activity: 994
Merit: 100
SAPG Pre-Sale Live on Uniswap!
July 20, 2020, 08:23:51 AM
many projects when is believed be to long term which happens to wilt slowly and can just disappear, my advice before buying a coin must be really careful especially the coin will be made for the long term
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
July 20, 2020, 08:21:39 AM
Holding multiple Coins does have a greater risk prospective meaning if the token that you hold is an Ico coin which we cannot predict future developments because some developers only give sweet promises to investors.

Most of the time, initial coins are too good with so many promises but in the real world, they are not doing anything so risk really high with
investing your money with kinds of investment.


I am sorry for your loss, hopefully in the future you can be more careful in investing.

Moving forward, you should go on and try other venture but needs to be more careful the next time you invest again.
sr. member
Activity: 1470
Merit: 428
July 20, 2020, 08:15:14 AM
Holding coins for long term is not meaningless, countering the view of OP. Before investing long term on any coin, be rest assured its what you can afford to lose, and also be very sure the project has a working product and very wonderful backings, not only a good team. You might make fast gains on some coins short term, but it doesn't mean long term hold is entirely bad. Same way you can lose funds on short term trading. It all depends on what works for you IMO. I held BAND and TOMO long term and recently sold 75% of my bag with very cool profit.
full member
Activity: 983
Merit: 100
July 20, 2020, 07:08:40 AM
in 2017 - 2018 I have a token which is very profitable for me and profitable up to $ 5,000, but indeed in recent years the token is quite disappointing, but I still hope the potential will benefit from tokens and coins.

If tokens and coins that you have had can make a profit of up to $ 5,000 during 2017 - 2018, but you forgot to sell it at that time, then you will not get that much profit on that token or coin at this time, because the token or coin is no longer being developed by the team, it will be difficult to increase prices after falling prices in the past.
hero member
Activity: 1680
Merit: 506
Trphy.io
July 20, 2020, 06:59:41 AM
Holding multiple Coins does have a greater risk prospective meaning if the token that you hold is an Ico coin which we cannot predict future developments because some developers only give sweet promises to investors. I am sorry for your loss, hopefully in the future you can be more careful in investing.
hero member
Activity: 2856
Merit: 667
July 20, 2020, 06:26:23 AM
in 2017 - 2018 I have a token which is very profitable for me and profitable up to $ 5,000, but indeed in recent years the token is quite disappointing, but I still hope the potential will benefit from tokens and coins.


I hope you are alright man, you are not alone, a lot of us have that kind of experience, I even have more that until now I'm still holding it but looking at its value, it's very disappointing. Just consider it as part of the journey, sometimes we make mistakes but what's important is we keep learning to improve and correct it, this coming bull run (hopefully will come soon) , we should be smarter and must do the right decision and that is not to be greedy.

full member
Activity: 449
Merit: 103
Decentralized Ascending Auctions on Blockchain
July 19, 2020, 08:47:02 PM
It is not trusted anymore, everything change so a good projects nowadays doesn't mean it will become a good project in many years. There are some who are just good in the beginning but their true nature reveal after few months. Many projects before are now worthless, I also have a reliable altcoin before but now it is one of the shitcoins that we should dispose. I think it is really better to research and to understand the market whenever we will buy a altcoin or participate in the project on the market.
To be clear, there's no TRUSTED thing in the business field, especially in the cryptocurrency market. We all have to be a little bit skeptical even with the most "trusted" project. We all know that we have no guarantee in this market, though, the only thing we can trust is ourselves. Sometimes, being skeptical will be helpful for us in avoiding risks!
sr. member
Activity: 1036
Merit: 281
July 19, 2020, 08:31:28 PM
It is not trusted anymore, everything change so a good projects nowadays doesn't mean it will become a good project in many years. There are some who are just good in the beginning but their true nature reveal after few months. Many projects before are now worthless, I also have a reliable altcoin before but now it is one of the shitcoins that we should dispose. I think it is really better to research and to understand the market whenever we will buy a altcoin or participate in the project on the market.
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