Never buy too much coins because you would eventually forgot gosh - page 2.

GGmith

jr. member

Activity: 394

Merit: 1

yes that is true, we can make your experience an example to be more vigilant before investing in any coin or altcoin. and of course investment with bitcoin will not suffer big losses because the price movements always increase and have great potential for the long term.

BennyK

member

Activity: 672

Merit: 14

Everything comes with its advantages and disadvantages. What matters most is which one outweighs the other. If it is more advantageous to diversify ones portfolio in order to increase the rate of attaining profit, I do not think just a single disadvantage should discourage an investor. An investor must always be ready to follow up on each coin in possession. Never buy at all if you cannot follow up on the coin to know its progress because you might not even know when it is necessary to cash out to make the maximum profit.

swiftbits

sr. member

Activity: 938

Merit: 251

I also experienced that when I just started in crypto, you forgot about it while waiting for their announcements, I also lose my keys sometimes, but as of now there are more new features that you can securely hold your tokens. Lesson Learned.

axel2078

full member

Activity: 532

Merit: 100

Sorry about that, with the latest trend nowadays which is either swap or migrating from one blockchain to another one needs to be careful of the coins he invest in so as to be able to keep track of them always. I too have lost some coins too due to this and I have learnt my lessons thus holding just few with higher percentage being in BTC and ETH.

Tosyn2

member

Activity: 566

Merit: 10

Quote from: BitcoinHodler on January 09, 2019, 02:31:13 AM

the biggest problem with holding different altcoins is always going to be their price. since altcoins are all getting pumped and dumped (some are created for pump and dumping and some are getting pumped and dumped but they all are affected) they all share the risk of losing their value in a very short time without you finding out about it.

so when you own many altcoins you are increasing the task you have to perform for watching and following them and increase the risks of losing more money.

But from another perspective, I would prefer investment diversification. It is not always good to put all your eggs in a basket. Investing in different Altcoins is preferable for me but not too much. One just need to keep record of all assets own then follow their news from time to time.

2Kool4Skewl

sr. member

Activity: 644

Merit: 250

I agree with you 100% very difficult to keep track of the many coins that are in your wallet. it is better to choose a little but a high-end and really productive coins, and not spent on cheap and a large number of coins that will not bring you anything and only you will spend time on it.

Mihaylovic

sr. member

Activity: 910

Merit: 255

you are totally correct. thank you for reminding. most of the people prefer to buy so many different altcoins. and it is impossible to follow each of them everyday. and after a while you become just a bag holder.

syamster

hero member

Activity: 1078

Merit: 501

Quote from: gwaposakon on July 04, 2019, 10:20:54 AM

Quote from: puremage111 on January 09, 2019, 02:09:12 AM

So, as you guys know, most coins will do swap when they perform blockchain upgrades or changing the coins to to a new coin

I just forgot about one of my coins and the swap was ended in the 31st of December
and guess what?

I just lost 0.3 btc because of it
God damn this is so painful

Been holding the coins since 2 year ago in the ICO stage
Never make such mistake guys remember

I agree with you. I have been also a victim of not checking on my coins for a long time and eventually missed the token swap losing quite a substantial amount of assets in the process. What I do know is just hold a few coins that I can monitor and manage properly.

Yeah it happens when you invest in so many coins and then don’t even check it for long term so people use to forget about the private key, so better invest in one or only two coins because it will be easy to keep in your mind and it will be easy to hold it as long as you want to, use wallet which is blockchain, best coin to invest your money is one and only BTC, ETH both are good coins.

pant-79

hero member

Activity: 994

Merit: 502

Quote from: puremage111 on January 09, 2019, 02:09:12 AM

So, as you guys know, most coins will do swap when they perform blockchain upgrades or changing the coins to to a new coin

I just forgot about one of my coins and the swap was ended in the 31st of December
and guess what?

I just lost 0.3 btc because of it
God damn this is so painful

Been holding the coins since 2 year ago in the ICO stage
Never make such mistake guys remember

Oh yes, you always have to follow everything and remember a lot. It is best to use for these purposes a table in which you can enter information about the coin. At the time of the event it is necessary to set reminders on the phone or in any other way convenient for you. These actions will help you a little bit, as we all know that often projects don't set clear dates for their events or updates, so very often you have to check all the information yourself, and this is so exhausting ...

gwaposakon

full member

Activity: 854

Merit: 101

Quote from: puremage111 on January 09, 2019, 02:09:12 AM

So, as you guys know, most coins will do swap when they perform blockchain upgrades or changing the coins to to a new coin

I just forgot about one of my coins and the swap was ended in the 31st of December
and guess what?

I just lost 0.3 btc because of it
God damn this is so painful

Been holding the coins since 2 year ago in the ICO stage
Never make such mistake guys remember

I agree with you. I have been also a victim of not checking on my coins for a long time and eventually missed the token swap losing quite a substantial amount of assets in the process. What I do know is just hold a few coins that I can monitor and manage properly.

fulled

full member

Activity: 644

Merit: 103

Yes i was like you, but im not lose so much, i just lose about 0.03 btc at that time, but i still feeling sad everytime i remember that coin, i was not so careful with this coin because at that time, i think thats just shitcoin Sad

kevinzxz

full member

Activity: 1470

Merit: 105

👉bit.ly/3QXp3oh |🔥Launchpad on TON

Quote from: puremage111 on January 09, 2019, 02:09:12 AM

So, as you guys know, most coins will do swap when they perform blockchain upgrades or changing the coins to to a new coin

I just forgot about one of my coins and the swap was ended in the 31st of December
and guess what?

I just lost 0.3 btc because of it
God damn this is so painful

Been holding the coins since 2 year ago in the ICO stage
Never make such mistake guys remember

I suggest if you hold coin, you better always monitor telegram or social media from the coin, so that you can find out if there are progress or changes that occur in the project or product from coin that you have, because like what happened to you when coin that you have changes to a new coin and you are late doing it, so you lose the coin and of course you also lose your money, then I suggest you to always monitor telegram or social media from coin that you have and of course that can help you to avoid something that can make your money lost.

Shatterlean22

jr. member

Activity: 350

Merit: 4

Quote from: puremage111 on January 09, 2019, 02:09:12 AM

So, as you guys know, most coins will do swap when they perform blockchain upgrades or changing the coins to to a new coin

I just forgot about one of my coins and the swap was ended in the 31st of December
and guess what?

I just lost 0.3 btc because of it
God damn this is so painful

Been holding the coins since 2 year ago in the ICO stage
Never make such mistake guys remember

And that my friend is your fault indeed ,since you aren't aware of the swap means you dont follow the coin's channel for updates ,every single altcoins I own I always stay updated and on the look out for any news

GatotKaca

sr. member

Activity: 1372

Merit: 250

Seabet.io | Crypto-Casino

Quote from: puremage111 on January 09, 2019, 02:09:12 AM

So, as you guys know, most coins will do swap when they perform blockchain upgrades or changing the coins to to a new coin

I just forgot about one of my coins and the swap was ended in the 31st of December
and guess what?

I just lost 0.3 btc because of it
God damn this is so painful

Been holding the coins since 2 year ago in the ICO stage
Never make such mistake guys remember

what you say is true, too. it's better to buy a little but can get a big profit than a lot but later it will disappear, it's just a waste of funds and time. most if prices are dropped off all want to be bought without analyzing it first, whether it can get profits in the future or not.

NathanJB

sr. member

Activity: 756

Merit: 251

This is both funny and sad. I have not experienced the same but I have experienced having coins that I thought were already dead. Only to find out later on that they were still alive and are actively traded on a few exchanges. It is always good to have different altcoins in your portfolio. But not too much so that you will eventually forget tracking updates of their development.

sijonru

member

Activity: 461

Merit: 17

🔰FERRUM NETWORK🔰

Quote from: ahmed04 on July 03, 2019, 03:31:17 PM

If not for your post about the loss of large amounts of money that I would have never checked their wallets. Now I found that a lot of my useless coins were listed on the stock exchange) Thank you very much.

I agree with your opinion, because it is better to have several coins that have brighter prospects and future, such as Bitcoin, Ethereum, Dash, Litecoin or other coins that have a fairly high sale value, at least above USD 10.
I am sure that such a benchmark will not worry that the coins held are not valuable, or that they are not registered in the crypto market because they are not selling well or the price is so cheap that no investor is interested in owning it.

Cryptrx

jr. member

Activity: 498

Merit: 1

Worlds Simplest Cryptocurrency Wallet

This is bad, I thought they will be a workaround whereby you can always swap the coins you're holding even if you miss the deadline. Also if you anyone wish to hodl a coin, it's best to store it in a wallet that will likely support every swap the coin might do in the future.

ahmed04

sr. member

Activity: 588

Merit: 250

If not for your post about the loss of large amounts of money that I would have never checked their wallets. Now I found that a lot of my useless coins were listed on the stock exchange) Thank you very much.

dearbesz1219

hero member

Activity: 924

Merit: 500

Thanks to some mobile applications like Bituniverse you can keep track of all your cryptocurrencies easily.
So having more altcoins means less risk because you diversify your portfolio against loss.

BryanK

sr. member

Activity: 812

Merit: 250

I agree it is a bitter experience. But most of the bounty hunters meet with this problem and often do not know about it. Since very few people

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