Topic: Sell your altcoins and tokens TODAY, save yourself the frustration - page 19. (Read 5487 times)

Eh don't make conclusions without knowing what I own or without even reading the thread. I've already sold and I'm not complaining. I'm already up almost 100%, i.e. I could buy back almost double the amounts of coins I sold. I never even had very horrible shitcoins, mostly top 20 marketcap, so anyone trying to diversify into smaller coins is probably going to end up far worse than that. Sure some will rise... many more will fall tho.

Good luck with whatever strategy you choose.

i don't care if all coins are shit i don't hold any coin for more then hours im working
 with short term investing like buying a coin at 20 sold at 21 buy at 60 and sold at 61 in just hours 

TS described the situation that has now developed in the market and presented it as an advice or recommendation on investment management. And when the market situation changes, he will create a new topic and give other recommendations.
P.S. nothing personally, but it’s better to choose your own path and not follow the beaten path.

Do me a favor and sell your bags and stop complaining here about you holding all the shitcoins on the markets. Its not our fault that you hold coins without real use case , team , roadmap and so on so don't fud all the altcoins as some of them will really skyrocket in price.

Please bookmark your post and come back in 2 years and cry more as you will see how much did you lost. Some of us were here in 2013/2014/2015 and we saw worst time that the current one. I think you're just impatient with your investments and you invests in coins that actually have 0 chances to rise in price but like I said its not our fault for your investments.

I agree. Selling won't aid the problem in the market and it could even turn into worse because the market value of cryptos would continue falling. With regards to the assumptions before this year end, same thing happened last year as far as I remember. Due to continuous dumps, people came up with an idea that the market will recover at the end of the year but the total opposite happened which resulted to more frustration. Just hold and wait.

The situation in the market is indeed frustrating but I don't thini selling at this moment due to panic would be the solution. There are still cryptos worth holding despite of the fact that most of its market value keeps on falling at thid moment. We never know what would happen before this year end so for now, holding I think would be a better thing to do than to sell out of frustrations.

What about it? That's decades away. At that point the use of Bitcoin will either be sufficient to support miners via fees or it will have disappeared altogether. However this has nothing to do with the mostly worthless pile of crap that is altcoin/token market today. If Bitcoin survives and stays strong you should really invest in Bitcoin. If Bitcoin doesn't survive then I doubt any of the current altcoins would survive either. Most likely they'll be replaced with something better.

I'd like to make a bet on how many coins from the current market cap top 100 will still be around in 10 years but unfortunately it'd be hard to adjudicate and no one would want to put money into escrow for that long.


If the goal is to take risks - you should gamble in a casino, where the risks are known and you can choose the exact risk/reward scenario that suits you. Gambling in the unregulated altcoin market is throwing money away. I'm not talking about experienced traders. I'm talking about regular bag holders who got some coins for example based on ICO promises but have no real way to gauge the trustworthiness of the project and the viability of the idea and any of the other things that matter. All those altcoin tokens are not required to have audits or file quarterly reports so for example stock market due diligence can't be applied here.


Did you even read the thread? I sold a few months ago. Worked out fine. Those who didn't sell today will realize a few months from now that they made a mistake.


I don't think I missed anything. There is no need for that many altcoins. Most of the ICOs/ITOs/STOs/IEOs/etc are just attempts to crowdfund someone's pet project, if not outright scams. Those will mostly fail, just like most dumb crowdfunding ideas do, for example on kickstarter. Most of them don't need to be on the blockchain to begin with. The only successful altcoins will be those that provide vital infrastructure and there aren't that many types of infrastructure that we need.

I disagree with the percentage you've provided, 99 percent of altcoins to be disregarded isn't seem to be true, there are altcoins that are performing on their respective exchanges, it might not be published on coinmarketcap but we all know, the world of cryptocurrency is so big, the purpose of altcoin is not just for funding, or transaction, it has its practical purpose as well, you might just missed allot of altcoins that are worthy.

You can't just others what they have to do with their coins. It's theirs after all. Yes bitcoin is dominating and growing compare to altcoins. Bitcoin is leading and for me, I would also prefer holding bitcoin. But if others want to hold altcoins, let them be. They can still keep altcoin but it's better if they have more bitcoin in their wallet. You can't also be sure about the future of altcoin. Let's not close the possibility of an altcoin doing good or might as well dominating crypto...

Its up actually to you. You might regret selling when the right time for selling come. This is happened all the time in crypto space. When everybody selling altcoin, the price suddenly rise a week or a two after that then many complained of why they dont hold. Some happened also, why they hold it now thr value drop instantaneously and nearly no value now. See, its a risk trial for every scenario here unless you know what will happened.

Many still aim to have those potential altcoins and even bitcoin. At these instance maybe those who want to a have significant return in their capitalin the long run. They will realize to and need to understand that they should take this time and accepts high level of volatility. If we make ourselves too frustrated we might decide things we will regret soon, as long as we know that all coins we have is something worth having then it will sure to recover after this.

And to even say it later got to $1,432.88 USD
(Jan 13, 2018) makes one want to cry. The truth is that the OP is right in a way about most of the altcoins being shitcoins. But there are still coins/tokens with potential. You never can tell when the potential will be unleashed and you miss the bus. I have some altcoins that have grown cold on me but I am still hopeful of a rise some day. Only time can prove me wrong.

You have point! But we should only sell the altcoins that doesn't have potential in the market. There are only few altcoins that are really valuable and preferable to hold. The altcoins that we should holding are the valuable ones and have more room for growth.

A new alt season much bigger that the one in 2017 could happen but I think this will  only be experienced  by those projects that hast demonstrated resilience and has very good fundamentals, unlike in 2017 that even a shitcoin can achieved a ridiculous market cap.

There's really no place in this world for thousands of coins all trying to do the same thing, users don't want to manage dozens of wallets, ideally they would have one coin that covers everything. So, even if altcoins had merit, most of them would still be doomed, but reality is far worse because of how many coins are just scams. If you're an altcoin bagholder, it's objectively better to cut your loses now, while you still can get at least a portion of your investment back, because in next years exchange will delist more and more shitcoins, and your 80% loss will turn into 100% loss.

I agree with you, I recently sold all my altcoins, because they almost do not grow in price. I hope I made the right decision, but maybe I was wrong and will soon regret what I did.

im following many campaign and have many coin of it. sometimes i sell at the first i get it, sometimes i hold it until now, sometimes i hold then sell when the price better than before. many advantages and disadvantages when you sell or hold. i think many people know what it feel.
when i sell first i know it best part to avoid something bad, but sometimes for several week or month, thr price is better. and it vice verza.

so sell low ?
nice advice..
let me know how it worked for you in a year...

If you are coming to that realization to sell of the alt coins you must do that long before the market valuation took away 90% of the asset valuation in the past two years in the alt coin market, there is no point in selling when the price is this low as the capital loss is really huge. Majority of the projects died and there is no change in majority of the coins but i am not going to sell anything at this point, if there is any recovery then i will gladly sell off the and never enter again nor am i collecting anything now.

For altcoin, I rarely use it for long-term investments. Usually, I only hold it a few days or weeks to trade and take the right timings, at the most two months I hold XLM for being trapped by a fake wall. It's too risky indeed because this is very difficult to predict, another case with bitcoin which already has a very strong niche in the cryptocurrency ecosystem.
For some people, there must be a strong reason why holding altcoin, of course, because opportunities still exist, they dare to take risks. Isn't cryptocurrency full of unpredictable things even considered impossible before?