Most trusted projects ruined me !! - page 8.

Iyanu14

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Quote from: niisarearning on June 13, 2020, 04:21:11 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.

Hmm...it's true that some trusted projects have disappointed a lot. A friend of mine hold some trusted coins worth $10,000 back then in 2017/2018. Unfortunately because of the trust he had that those projects have good future, it later turned out otherwise. He only realized less than $2000 when he finally sold those coins. Not all long term holdings are bad, some of them have turned some into millionaires.

taguig

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Quote from: niisarearning on June 13, 2020, 04:21:11 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 only trusted coins for me are Bitcoin and Ethereum all the others are still in contention for a slice in investor's trust and part of credibility in the market, you did not mention the name of the coin but since it is now out anymore it's not trusted anymore.

Greatchu

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The most trusted crypto project in crypto space is Bitcoin, don't put your trust on any altcoins, they are more risky than Bitcoin, secondly top exchange tokens are more reliable for instant like binance exchange or gate .io

ethereumhunter

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Leading Crypto Sports Betting & Casino Platform

Quote from: ?? on ??

Quote from: restuibu on June 13, 2020, 11:29:58 PM

we just need to know when to sell and when to hold, projects in 2017 and 2018 only pump and dump after that they will have difficulty moving better. sometimes someone's greed can make big mistakes

Yes, and most people do not know when to sell and when to hold it, because it is very difficult to know, especially the newbie who has no experience in it, and greed is clearly not recommended by everyone, because it is something that not good for everyone.

I think many of them still hold because they want more profit than what they can see right now. They become greedy once they see the price of the coin that they hold can increase so high, but they don't sell it fast. They are instead waiting for another time to sell because they believe that the price will still increase so high. But the fact, that will make them disappoint because usually, after the price increase so high, the price will go down, and for the new coin, that can impact to the price and the price will go down too deep.

tvplus006

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To the Moon

Quote from: niisarearning on June 13, 2020, 04:21:11 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.

This applies to the entire cryptocurrency market, whose capitalization has decreased by more than 2 times compared to 2017-2018. We see that coins such as BTC and Ethereum have also lost in their value. And if bitcoin lost about half of its value, then Ethereum lost about 80%. But this does not mean that holding coins is not profitable, it is quite possible that we will still have to wait.

Ann Impas

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Anything can happen if you invest or just earning tokens. There's a lot of tokens out there who has a good reputation can lose it all especially when they get listed on a market. The market is like eat or be eaten. The weak goes. So it doesn't matter if you the token has a good reputation if the market won't accept it which can lead to low volume or a dead chart.

nicecrypto

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Nearly 90% of coins/tokens in the market only have a fancy website and white paper, they have no real life products to give services to people to increase the demand for them, many coins/tokens are only speculative no real value, what project team should fight towards now is develop a real usage so that the value of this coins/tokens will increase.

Saisher

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Quote from: niisarearning on June 13, 2020, 04:21:11 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.

Only coins that are in the top 10 or 15 are worth holding long term, some of the coins that was created back 2017 are worth nothing now or cannot keep up with the development of their project and they cannot keep up with the competition, investors should made sure that they always monitor the coins or tokens that they are holding.

bukham88

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That's right because so many tokens/coins are left to die, so most new tokens are not good for long-term savings, a good idea is to sell them and exchange them for current top coins.

Krislaw

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Quote from: StonerStanley on June 13, 2020, 04:54:58 AM

Quote from: niisarearning on June 13, 2020, 04:21:11 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 didn't invested at the good moment.

Now there are a lot of cryptocurrencies with an interessting price.

You also have to be more patient, waiting 2 years to say "holding token or coin for long term is meaningless" it's not being patient.

And your definition of good moment? OP said he/she invested in ICO which is always cheap price. Any project that their token price is way below ICO price isn't performing well.
True that there are lot of cryptocurrency with interesting price but interesting price isn't what's needed. You can still get screwed by project with good token price.

Mealea

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FRX: Ferocious Alpha

Long term hodl can be dangerous at times, though is working for some people, maybe you just need to know what is working for you. We cannot totally conclude that long term hodl is meaningless because it does not work for you. Maybe you hodl for too long or you pick the wrong coin.

Midy

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it's all because the tokens that we hold do not have good prospects for long-term investment, but if the tokens that we have are still attracted by some investors, of course the price will continue to increase from time to time, even though there are currently many tokens that are meaningless.

JoMarrah Iarim Dan

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Quote from: niisarearning on June 13, 2020, 04:21:11 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.

Same case here. When I stopped joining signature campaigns before year 2018 ends, I have a lot of coins in my wallet plus the coins that I am expecting to receive in my previous projects. But as the time passed by, looks like these coins are useless. Some have a very low values, while some are not listed on the exchanger. I wish I did not waste my time promoting those projects. From that learned to just join campaigns that can pay me weekly. So that I can use the payment immediately.

restuibu

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we just need to know when to sell and when to hold, projects in 2017 and 2018 only pump and dump after that they will have difficulty moving better. sometimes someone's greed can make big mistakes

Darkuso

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Quote from: niisarearning on June 13, 2020, 04:21:11 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.

That happens with 99% of the alts and 100% of the shitcoins, I learned it in the bad way as well, If you want something for long, go BTC, and ALTs for short, always be ready to dump them.

Little Mouse

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Almost all the coins are far down from the price of late 2017 and early 2018. Not only the shitcoins, all the coins have seen huge price dump within this time. Look at ETHx their ATH was around $1500 but now struggling with $250.
No matter which ICO you are talking about, how good the project was. At the end, all the altcoins are kind of shit. Holding shit for long time will help you more to sink.

maxreish

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I may disagree at some point.
Holding tokens is meaningless of that particular token has no value at all. But we can still hold even for a long term the ones which are well established and are potential. Those who contributed useful platform in crypto industry.

Whether you joined many bounties and take part of the reward coins, at the end the value of the token will be depends on the purpose, the investors and the product itself.

coinsycrip09

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well, we can't predict the future. some other coins made that year are very valuable even today, maybe you are out of luck and hold the wrong coin.

just think of it as an experience for you, because this not only happened to you, i also experienced the same thing as you. so you have to give up and move on from them. this time make your experience a teaching so that this does not happen again to you.

TheClownSong

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Quote from: niisarearning on June 13, 2020, 04:21:11 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.

Agree that saving altcoin for the long term is futile. But in my opinion, there are some altcoins to be reckoned with and can be used as long-term investments. Projects that can be used as long-term investments are projects that already have a large marketcap value and have an active transaction volume in the market and usually have products that can generate revenue for the company

pikkie

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Quote from: republicrypto on June 13, 2020, 06:19:33 PM

Quote from: niisarearning on June 13, 2020, 04:21:11 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.

yes, we should know when the right time to sell our tokens or coins my friend
because market not always up, sometimes down, thats why people should understand about technical analysis to know when to enter or exit the market
regards

I don't think anyone can predict the price movement of cryptocurrency precisely so when there is an upward and downward movement of prices you should at least not be easily influenced, I usually use the reverse method, when prices go up I will sell it but when prices fall I will buy it.

Topic: Most trusted projects ruined me !! - page 8. (Read 1794 times)