Pages:
Author

Topic: Never buy too much coins because you would eventually forgot gosh - page 7. (Read 23308 times)

member
Activity: 378
Merit: 10
Decentralized Continuous Audit& Reporting Protocol
For sure just get the coins that you can continuously monitor to prevent you from loosing your investments since many coins come with so many update which you need  to monitor always.
member
Activity: 645
Merit: 10
This is an important note, especially for beginners. Many do not suspect that coins can move to their own blockchain and exchange their coins and if you miss this moment, you will lose all your coins. So be sure to be interested in news about your coins.
full member
Activity: 784
Merit: 100
You should always be subscribed to the project newsletter and keep track of such changes. Cryptocurrencies require constant attention and control, for most altcoins it is not suitable just to buy them and forget. As an option to avoid this situation, keep the coins in the official wallet or on the popular exchange.
hero member
Activity: 2548
Merit: 605
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
Teams of token thats gonna be swapped always makes an announcement on when and how is the process of token swap will happen,it is your fault for not checking it.Holding coin doesntmean buy it store and forget it,you need to still check news from time to time to avoid this
Except you are a full time crypto traders or crypto business person that you will have time to be checking news about all your tokens from time to time. Just like me, I have so many tokens that I don’t even have update on them for the past 8 months, I don’t even know if they have been delisted or not because my intention of keeping them is for future.

How will it be possible for me to be checking over 200 coins that I have from time to time with other heavy jobs that I am doing, I found out that only the popular ones is what I have been checking on most, which is why op advise us to just limit ones investment to few top coins rather than having a handful of coins you will eventually forget about.
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
I think to solve this problem, and he needs to make a list on the excel file or notepad and write down all of the coins he has so he can always monitor the movements. Or he can also install one app on his mobile phone, so he can watch the price up to and down, and he can set the alarm to stay connected to the exchanges. Having too many coins will be good if he can get the right coin, but if it's not then yes, it will make him confuse or forgot his coin list.
jr. member
Activity: 364
Merit: 1
Yes, you are right that having a lot of coins sometimes forget. There are my coins that swap but my coins remain not lost. So you have to actively check the latest information about the coins you have. With many have coins the chance to get a lot of profit is of course wide open. But you should also be able to move quickly when looking at the pump market situation.
jr. member
Activity: 112
Merit: 2
I have also suffered that same problem on several occasions due to my interest in participating in a multitude of bounties and airdrops, since it is difficult to closely monitor all projects when you have more than one hundred of tokens in your portfolio,and most of them are nothing but spam.

That is why I have learned to be more selective with the projects in which it is really worth investing or collaborating, because when one is committed to the potential of a project it will always be important to closely follow the development of the product and all the updates to come.
legendary
Activity: 2450
Merit: 1472
I saw your thread and I remember I lost a lot of money with 2 coins and they don't exist anymore
You are totally right, best to stick with fewer coins and follow then
I will never do this again, I'm staying with most know coins and if I buy a new coin I'll read some new at lest once a week

At least I learned the lesson  Undecided
member
Activity: 286
Merit: 11
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

This happened to me too. Sometimes I don't care about the coins I invested and stays away from the market for months. Sometime I forget about buying a coin and keeping it in some exchange. I've even lost 2FA of a couple of exchanges and can't get in.
So, it would be better to use a few exchange and keep your track of investment. If you needed to use a different exchange, keep a written note about it.
full member
Activity: 546
Merit: 100
In that case I think you must do like an old style of business. It is the taking down notes like before business man do. Every product are going to list and it's quantity. I think this is the best thing to do to avoid lost of your coin and make it organized. Don't take a limit in buying and holding coins because it is business the more variety,the more income.
full member
Activity: 644
Merit: 100
It is not even a good investment decision in this cryptocurrency world to invest in many projects because monitoring them won't be an easy task. As for me investing in like 5 projects that seems solid is moderately cool and it will be very easy to monitor them.

coin price movements that continue to occur suddenly are indeed not a good decision to monitor many cryptocurrency projects because the exact time that will not be enough to do it all, the right choice should not be too much or a little in monitoring the project and only monitoring projects that could potentially continue until the future.
hero member
Activity: 1386
Merit: 503
your fate is very bad. buy coins and hold them for a very long time. finally missed a lot of important information.
I'm lucky when I bought a BNB, I didn't miss the information when there is a notice to swap. Imagine if I have the same fate as you, surely I will experience a big loss.
member
Activity: 405
Merit: 11
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

It is really what you say. The amount of coins we have sometimes makes us forget about the coins we hold. I also experienced it, I held a lot of coins which sometimes made me forget what coins I had. Usually that makes me forget because I used to save the coin because the price is not good and now when the price is good I forget if I have the coin. Finally I lost the opportunity to get a good price. I lost the opportunity to make a profit. This often happens to me so I have to be more careful when playing crypto currencies.
jr. member
Activity: 319
Merit: 2
A nexgen decentralized ride hailing
How on earth that happens, that's a really huge loss and how come you forget about what you invested into or maybe you are the type who are not fully into crypto but just here for investing for the future, for someone like me i at least check my wallet twice a week. Again there should be a telegram for only your investment coins and Twitter to know every news going on about them.
jr. member
Activity: 406
Merit: 5
I-CHAIN - The Revolution of Digital Advertising
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
Well I think your post stray mildly away from the topic.. Buying much coins is a good thing in my opinion.. Portfolio diversification can guarantee some level of financial security if properly handled.. The only problem is that it becomes lot more harder to keep tab on Than simply investing in just a few.. Sorry for your loss mate.. I think you should make it a habit to from time to time check on the projects u invest in so as not to make this sort of loss in the future
sr. member
Activity: 1153
Merit: 252
This is bad news
Unfortunately currency news should be monitored periodically, as currency changes are always occurring, which is not good for long-term investors
jr. member
Activity: 154
Merit: 1
It is not even a good investment decision in this cryptocurrency world to invest in many projects because monitoring them won't be an easy task. As for me investing in like 5 projects that seems solid is moderately cool and it will be very easy to monitor them.
full member
Activity: 1176
Merit: 100
Vave.com
to prepare as one with best on confirmation as trader to collects with confidence as releasing use of funds and resource to work on jobs with the trading on market.
jr. member
Activity: 672
Merit: 1
Good advice . Keeping track of all scattered investment is always a big deal. He tendency is that after sone time we are bound loose track mire especially for those coins that did not do well initially. I think the fewer the merrier
full member
Activity: 854
Merit: 102
MoonDeFi
I would not agree with your opinion, because every self-respecting investor always reports on his investments in order to understand how much he earned and that is why the number of tokens you bought does not matter, you just need to put them in the table and just follow the market.
Pages:
Jump to: