Topic: Sell your altcoins and tokens TODAY, save yourself the frustration - page 18. (Read 5480 times)
October 08, 2019, 07:50:12 AM
What will several pennies bring to my portfolio. Those trash tokens are so oversold at the moment and are worth nothing more than several cents. I would rather wait and hope that someday those tokens would become valuable.
October 08, 2019, 07:18:41 AM
You know how this is going to end. You might be trying to lie to yourself, you might be secretly hoping that some token in your "portfolio" that you have 10 million of is going to moon to $50 and make you rich, but let's be real: that is not going to happen. Even the allegedly strong altcoins like LTC or ETH or whatever is cool these days (I've been out of this game for a while) are not doing well and BTC dominance is growing. Which makes sense if you think about it. BTC can do most of what any altcoin can do and the few really useful features that BTC is missing (private transactions for example) are implemented by multiple altcoins, fragmenting their market share.
in general, for now, we really hope for the coins we hold. Well, to be honest, I even expect a big price. although that is uncertain, but to this day I still hold a few coins which I believe will pump one day.however, the assets that I have currently are not so many, so I will hold it. hold it in and forget it, it's an idea that's also pretty good for now. I might choose to "hold it to zero, or my target price". I will be grateful when the price of the coins that I hold can reach my target price. but, it doesn't matter when the price does decrease.
October 08, 2019, 07:05:21 AM
its funny, when i try to believe on some token, hold for some month, the price can recover, place my token on exchanger, hoping someone buy it, and now im just monitoring that exchanger about how volume decrease everyday. the best part is directly sell your payment after get from bounty or ico.
October 08, 2019, 06:57:04 AM
But are you still gonna hodl those coins that are clearly abandoned by the devs already?
And most of them, even if you want to sell it badly, there's no more market or exchange for it.
Not even worth a dime to sell all those coins or tokens. The withdrawal fee might be even higher than what you will get.
So just accept the fact that those coins or tokens will stay in your respective wallets and will serve as your collection of crap coins.
but that is the lesson to be taught for the future, right?
I remember back in 2017 that even some old alcoins from 2014-2015 got some growth and it was considerable growth I must admit
so, of course, I see the point in the advise sell all altcoins for bitcoin, but for people who bought a lot a lot of alts, selling them now or just holding is almost the same option )
cause prices are really low so it does not really matter sell it or hold it
October 08, 2019, 06:45:02 AM
You know how this is going to end. You might be trying to lie to yourself, you might be secretly hoping that some token in your "portfolio" that you have 10 million of is going to moon to $50 and make you rich, but let's be real: that is not going to happen. Even the allegedly strong altcoins like LTC or ETH or whatever is cool these days (I've been out of this game for a while) are not doing well and BTC dominance is growing. Which makes sense if you think about it. BTC can do most of what any altcoin can do and the few really useful features that BTC is missing (private transactions for example) are implemented by multiple altcoins, fragmenting their market share.
And the elephant in the room: 99% of altcoins are total garbage. They're called shitcoins for a reason.
Sell your altcoins and tokens. Take the proceeds in BTC, stick it into a cold wallet, keep some online to play around with Lightning and other things that actually matter for real-life stuff, like being able to buy something. When was the last time you were able to use for example Ethereum for something tangible, not to buy some garbage tokens or to play a game?
Do it today. Your grandkids will thank you.
Before I bought altcoins, I always researching about it and studying it. Now I have altcoins that have really potential in the market. There are altcoins that we should not buy because we will only lose our money. And the elephant in the room: 99% of altcoins are total garbage. They're called shitcoins for a reason.
Sell your altcoins and tokens. Take the proceeds in BTC, stick it into a cold wallet, keep some online to play around with Lightning and other things that actually matter for real-life stuff, like being able to buy something. When was the last time you were able to use for example Ethereum for something tangible, not to buy some garbage tokens or to play a game?
Do it today. Your grandkids will thank you.
Anyway, we cannot foresee the future of the crypto market because every investor's decision can greatly affect our profits.
October 07, 2019, 09:41:37 PM
Well i am using my altcoin for transactions only since the bitcoin fees are very high and not viable for small transactions but i still use bitcoin but for holding only since exchanges have some huge fees when withdrawing bitcoin and also, the bitcoin price is already high normal people can't afford to buy 1 btc and they resorted to buy altcoins like ethereum and bitcoin cash but I agree to sell altcoins immediately but i will only do that if the lightning network should work immediately
October 07, 2019, 07:44:41 PM
I guess most of us here believe that Bitcoin is profitable in the long run but due to it's value these days some small-medium investors/traders can't afford it and choose investing on the altcoin because they don't need a big capital although they already know it is not 100% guaranteed to get their money back and earn more but still they take the risk.
October 07, 2019, 06:41:22 PM
Hindsight is awesome but how many would have said in December 2017 "sell now, it's the top of the boom"? Even in February 2018 or April 2018, how many would have said "this is going to go down 80%, sell now"?
If you don't recommend buying, you shouldn't recommend holding either, there is no difference.
When a coin goes from like .01 to over $2, it might be time to take profits. Same with btc going from 1K to close to 20K. It doesn't take a genius. I agree it's easier with hindsight, but at the same time coins went so insane during 17, those who bought in cheap probably knew to sell for at least some profit-taking. It didn't require precision timing or chart reading ... more like, hey, my tiny investment is now worth over 100K ... it might be time to cash out.
As for buying or selling, I wouldn't recommend crypto to anyone just out of the blue, as I feel they have to make up their own mind. I just said if someone was new to this and absolutely wanted to invest, I'd lean towards BTC -- as yes, it's probably the safest bet. But the difference is, I don't pretend to know where the markets will go. I wouldn't tell someone holding an alt they are wrong either.
Can you say you know with absolute certainty that no alts won't recover?
By the way, during 2017 I'm not sure cherry picking specific coins even comes into play really ... every alt basically went insane.
October 07, 2019, 06:26:29 PM
I don't know about you, but during 2017 you could have thrown darts at random alts and turned a profit. As for timing, basically all you had to do was hold until the end of the year. Dec 17/Jan 18 and alt prices were insanely high.
Hindsight is awesome but how many would have said in December 2017 "sell now, it's the top of the boom"? Even in February 2018 or April 2018, how many would have said "this is going to go down 80%, sell now"?
If someone new to crypto asked to invest, I'd recommend BTC first. Then maybe a little in ETH. However for those at a loss holding alts, I couldn't in good conscience tell them to lock in that loss -- it's certainly possible for decent alts (meaning in the top 100) to see a rise again.
If you don't recommend buying, you shouldn't recommend holding either, there is no difference.
I remember when bitcoin was around $800 in 2016/17 and it was speculated to get to $1,200 around March 2017. Etheruem also was not up to $10 then and litecoin was just $3.
Now, hodlers of these coins can attest to what benefit they are getting because of patience.
Now, hodlers of these coins can attest to what benefit they are getting because of patience.
Again, it's very easy to cherry-pick examples from the past. You have almost no chance to guess which coins will boom in the future.
October 07, 2019, 06:16:38 PM
You know how this is going to end. You might be trying to lie to yourself, you might be secretly hoping that some token in your "portfolio" that you have 10 million of is going to moon to $50 and make you rich, but let's be real: that is not going to happen. Even the allegedly strong altcoins like LTC or ETH or whatever is cool these days (I've been out of this game for a while) are not doing well and BTC dominance is growing. Which makes sense if you think about it. BTC can do most of what any altcoin can do and the few really useful features that BTC is missing (private transactions for example) are implemented by multiple altcoins, fragmenting their market share.
And the elephant in the room: 99% of altcoins are total garbage. They're called shitcoins for a reason.
Sell your altcoins and tokens. Take the proceeds in BTC, stick it into a cold wallet, keep some online to play around with Lightning and other things that actually matter for real-life stuff, like being able to buy something. When was the last time you were able to use for example Ethereum for something tangible, not to buy some garbage tokens or to play a game?
Do it today. Your grandkids will thank you.
I already sold the altcoins that I hold for me to experience huge loss anymore. I really regret that I bought shitcoins because I only suffer losses, but it is okay because I holding now profitable altcoins. And the elephant in the room: 99% of altcoins are total garbage. They're called shitcoins for a reason.
Sell your altcoins and tokens. Take the proceeds in BTC, stick it into a cold wallet, keep some online to play around with Lightning and other things that actually matter for real-life stuff, like being able to buy something. When was the last time you were able to use for example Ethereum for something tangible, not to buy some garbage tokens or to play a game?
Do it today. Your grandkids will thank you.
October 07, 2019, 05:57:05 PM
You know how this is going to end. You might be trying to lie to yourself, you might be secretly hoping that some token in your "portfolio" that you have 10 million of is going to moon to $50 and make you rich, but let's be real: that is not going to happen. Even the allegedly strong altcoins like LTC or ETH or whatever is cool these days (I've been out of this game for a while) are not doing well and BTC dominance is growing. Which makes sense if you think about it. BTC can do most of what any altcoin can do and the few really useful features that BTC is missing (private transactions for example) are implemented by multiple altcoins, fragmenting their market share.
And the elephant in the room: 99% of altcoins are total garbage. They're called shitcoins for a reason.
Sell your altcoins and tokens. Take the proceeds in BTC, stick it into a cold wallet, keep some online to play around with Lightning and other things that actually matter for real-life stuff, like being able to buy something. When was the last time you were able to use for example Ethereum for something tangible, not to buy some garbage tokens or to play a game?
Do it today. Your grandkids will thank you.
Before I bought altcoins, I always researching about it and studying it. Now I have altcoins that have really potential in the market. There are altcoins that we should not buy because we will only lose our money. And the elephant in the room: 99% of altcoins are total garbage. They're called shitcoins for a reason.
Sell your altcoins and tokens. Take the proceeds in BTC, stick it into a cold wallet, keep some online to play around with Lightning and other things that actually matter for real-life stuff, like being able to buy something. When was the last time you were able to use for example Ethereum for something tangible, not to buy some garbage tokens or to play a game?
Do it today. Your grandkids will thank you.
October 07, 2019, 05:54:53 PM
precisely when I sell altcoin that I have at a cheap price it will only make me lose because the price can go up and it should not be lost but already sold and after that the price rises, it will be the deepest regret, you better wait until the price back up and at least you do not lose even get a profit.
October 07, 2019, 05:19:16 PM
If your prediction were really close to the truth, then the whales would have long followed your advice. People owning millions and billions in altcoins, they understand the market very well, they create it.
I am sure that all those who follow your advice today will regret it very much tomorrow. Of course, we are not talking about shitcoins, but only about projects with decent capitalization.
Nobody will give such a market, which is able to bring a lot of money, just collapse. Ideally, the market needs a reboot in order to complete a new moneycut cycle.
I am sure that all those who follow your advice today will regret it very much tomorrow. Of course, we are not talking about shitcoins, but only about projects with decent capitalization.
Nobody will give such a market, which is able to bring a lot of money, just collapse. Ideally, the market needs a reboot in order to complete a new moneycut cycle.
October 07, 2019, 05:15:12 PM
Do it today. Your grandkids will thank you.
Your grandkids can also thank you a lot if he or she heard you hodl a coin until it bulled and turned you as a rich man.
I say that some coins ate worthy to keep, just a few though.
I remember when bitcoin was around $800 in 2016/17 and it was speculated to get to $1,200 around March 2017. Etheruem also was not up to $10 then and litecoin was just $3.
Now, hodlers of these coins can attest to what benefit they are getting because of patience.
But are you still gonna hodl those coins that are clearly abandoned by the devs already?
And most of them, even if you want to sell it badly, there's no more market or exchange for it.
Not even worth a dime to sell all those coins or tokens. The withdrawal fee might be even higher than what you will get.
So just accept the fact that those coins or tokens will stay in your respective wallets and will serve as your collection of crap coins.
October 07, 2019, 05:06:37 PM
Do it today. Your grandkids will thank you.
Your grandkids can also thank you a lot if he or she heard you hodl a coin until it bulled and turned you as a rich man.
I say that some coins ate worthy to keep, just a few though.
I remember when bitcoin was around $800 in 2016/17 and it was speculated to get to $1,200 around March 2017. Etheruem also was not up to $10 then and litecoin was just $3.
Now, hodlers of these coins can attest to what benefit they are getting because of patience.
October 07, 2019, 04:23:25 PM
Not really. If you cashed out at the peak then maybe you'd have been better off but you would have to time it perfectly. But if you just held BTC from let's say early 2017 until now - you'd have a 10-12x gain without any hassle.
I don't know about you, but during 2017 you could have thrown darts at random alts and turned a profit. As for timing, basically all you had to do was hold until the end of the year. Dec 17/Jan 18 and alt prices were insanely high.
So it's not like 'maybe' you would have been better off. Many alts ended up with 10-100x profits. And it wasn't just the rare find, there were a bunch of them. I'm not saying this will happen again, as I don't expect it to. But I wouldn't dismiss the entire altcoin market like you either.
Sure, if you held the alts until now, your profit wouldn't be so profitable. Many coins (especially pure junk) is worthless now. However, BTC isn't as profitable as it was either. But taking profits is part of the game, everyone knows this.
If someone new to crypto asked to invest, I'd recommend BTC first. Then maybe a little in ETH. However for those at a loss holding alts, I couldn't in good conscience tell them to lock in that loss -- it's certainly possible for decent alts (meaning in the top 100) to see a rise again.
I just find it weird when some folks post 'sell all of your alts, disaster is looming!' like they know for a certainty where the markets will lead.
October 07, 2019, 04:14:36 PM
Of course you are right, and if you can sell everything and buy BTC, this is the best solution. But unfortunately, not everyone can do this. One reason is the price of BTC. Of course, it will be good if the price of BTC goes down again, this will be another chance to buy Bitcoin at the best price. But still, the price of 8000 USD for 1 BTC will not allow many to buy a tangible amount of the first cryptocurrency, which means that the motivation is insufficient. I think that in this case it might be better to buy ETH, since it is much cheaper. However, if it is possible to take BTC, then this is unambiguously necessary to use.
You can buy BTC in fractions down to about $0.0001, although due to fees you probably want to start around $10. The price of one full bitcoin doesn't really matter. What matters is that if you currently own $10 worth of altcoins, it was likely worth around $20 last year and it will be likely worth $5 next year. Think about that.
It'd be great if anyone knew where the markets were heading. OP apparently hold BTC as otherwise it makes no sense for him to state to sell all of your altcoins. Yet if you followed his advice in 2017, you'd be kicking yourself at the end of the year.
Not really. If you cashed out at the peak then maybe you'd have been better off but you would have to time it perfectly. But if you just held BTC from let's say early 2017 until now - you'd have a 10-12x gain without any hassle.
October 07, 2019, 04:04:16 PM
It'd be great if anyone knew where the markets were heading. OP apparently hold BTC as otherwise it makes no sense for him to state to sell all of your altcoins. Yet if you followed his advice in 2017, you'd be kicking yourself at the end of the year.
I don't expect to see a repeat of 17/18, but nobody knows where alts or btc will go. Maybe BTC consolidates at the 8K level and alts take a run for the next couple of months. Maybe BTC goes nuts, leaving alts in the dust. Only advice that is relevant is to consider taking profits when available, otherwise nobody can say for certain where markets will lead.
And let's not act like BTC is a superior coin either. It's not like BTC is great and all alts are shitcoins. Some alts have better technicals and serve different purposes than BTC, so from a product standpoint many are actually superior. BTC is king because it was first, it's that simple -- but as a coin it is kind of lousy, actually -- certainly it's not the best crypto to use as a currency.
I hold BTC and some alts, so either way I profit (assuming either eventually go up). But it's foolish to act like you know where the markets will lead.
I don't expect to see a repeat of 17/18, but nobody knows where alts or btc will go. Maybe BTC consolidates at the 8K level and alts take a run for the next couple of months. Maybe BTC goes nuts, leaving alts in the dust. Only advice that is relevant is to consider taking profits when available, otherwise nobody can say for certain where markets will lead.
And let's not act like BTC is a superior coin either. It's not like BTC is great and all alts are shitcoins. Some alts have better technicals and serve different purposes than BTC, so from a product standpoint many are actually superior. BTC is king because it was first, it's that simple -- but as a coin it is kind of lousy, actually -- certainly it's not the best crypto to use as a currency.
I hold BTC and some alts, so either way I profit (assuming either eventually go up). But it's foolish to act like you know where the markets will lead.
October 07, 2019, 03:47:38 PM
Though it might be very difficult to find any project thriving in the market especially with those big hype but will be surprised at few good profit project that never got the accolades at crowdfund. some even in the tune of 8x, how many are they among so many. Whenever I see any advice to sell alt-coins I believed its a strategy to upset the release of some token
October 07, 2019, 03:35:09 PM
You know how this is going to end. You might be trying to lie to yourself, you might be secretly hoping that some token in your "portfolio" that you have 10 million of is going to moon to $50 and make you rich, but let's be real: that is not going to happen. Even the allegedly strong altcoins like LTC or ETH or whatever is cool these days (I've been out of this game for a while) are not doing well and BTC dominance is growing. Which makes sense if you think about it. BTC can do most of what any altcoin can do and the few really useful features that BTC is missing (private transactions for example) are implemented by multiple altcoins, fragmenting their market share.
And the elephant in the room: 99% of altcoins are total garbage. They're called shitcoins for a reason.
Sell your altcoins and tokens. Take the proceeds in BTC, stick it into a cold wallet, keep some online to play around with Lightning and other things that actually matter for real-life stuff, like being able to buy something. When was the last time you were able to use for example Ethereum for something tangible, not to buy some garbage tokens or to play a game?
Do it today. Your grandkids will thank you.
And the elephant in the room: 99% of altcoins are total garbage. They're called shitcoins for a reason.
Sell your altcoins and tokens. Take the proceeds in BTC, stick it into a cold wallet, keep some online to play around with Lightning and other things that actually matter for real-life stuff, like being able to buy something. When was the last time you were able to use for example Ethereum for something tangible, not to buy some garbage tokens or to play a game?
Do it today. Your grandkids will thank you.
Of course you are right, and if you can sell everything and buy BTC, this is the best solution. But unfortunately, not everyone can do this. One reason is the price of BTC. Of course, it will be good if the price of BTC goes down again, this will be another chance to buy Bitcoin at the best price. But still, the price of 8000 USD for 1 BTC will not allow many to buy a tangible amount of the first cryptocurrency, which means that the motivation is insufficient. I think that in this case it might be better to buy ETH, since it is much cheaper. However, if it is possible to take BTC, then this is unambiguously necessary to use.
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