Some Risks Of Long-Term Hodling Alts

icekohl

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Activity: 339

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Quote from: Bttzed03 on July 03, 2019, 06:21:06 AM

You might end up holding dead coins if the project gets abandoned
You might miss swaps and end up holding worthless tokens
Delisting of coin/token and you miss the withdraw period (in case you store coins/tokens on exchanges)

Take time to follow news/updates on the coins/tokens you invested to minimize the above listed risks. Checking up their telegram/discord/social media once or twice a month will help.

With me holding, it must always put a stop loss order and always updated about the project. If the project does not work or there is no update in the long term, I think the safest way is to sell it and switch to another project.

bittick

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Activity: 2296

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Cryptocasino.com

Quote from: SaRmY on July 11, 2019, 12:26:53 PM

Quote from: Karlinz on July 11, 2019, 12:21:02 PM

One of such hard experiences is a lot of coins would be dead and lose huge value on the long run, I remember buying some altcoins hoping to hold for long and till now they are yet to recover, nxt, xdn and SC are among them, I had decided to abandon them as the value is not worth it anymore

Yes. This problem. So many projects die every day. Poor investors. I think this is a big problem today. There is still no demand for many new projects. Although everyone said that they will be successful.

If you are still saying there was no demand at all and then have you seen cryptorank.io and how much demand for IEO right now? They will be successful and any developer has been doing it because they balieve in themselves.

SaRmY

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Quote from: Karlinz on July 11, 2019, 12:21:02 PM

One of such hard experiences is a lot of coins would be dead and lose huge value on the long run, I remember buying some altcoins hoping to hold for long and till now they are yet to recover, nxt, xdn and SC are among them, I had decided to abandon them as the value is not worth it anymore

Yes. This problem. So many projects die every day. Poor investors. I think this is a big problem today. There is still no demand for many new projects. Although everyone said that they will be successful.

Karlinz

copper member

Activity: 280

Merit: 1

One of such hard experiences is a lot of coins would be dead and lose huge value on the long run, I remember buying some altcoins hoping to hold for long and till now they are yet to recover, nxt, xdn and SC are among them, I had decided to abandon them as the value is not worth it anymore

indriasyifa

jr. member

Activity: 322

Merit: 1

a lot of things happened in a few weeks, I think we can't wait long to see the latest news, I lost a number of occasions when I forgot to see the news in a month, I finally lost the opportunity to sell tokens when prices were high.

minatour

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Activity: 687

Merit: 11

keep an eye on the development of the coin, whether the team is still on the telegram or not.
don't just hold back if you don't want to lose your money.

shadowdio

sr. member

Activity: 1876

Merit: 289

Zawardo

yep I agree just don't hold too much tokens you will end up like, missing swap tokens, dead coins soon, delisting, scam, I think most of these coins end up like that are the new coins.

ub27

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Activity: 559

Merit: 102

You highlighted very useful points in this post. Holding for long term is not bad but one should be careful to always follow up the projects he or she is holding their coins, in order not to miss vital updates. Like what you mentioned, you might miss swaps and the coins become worthless. I've been a victim of this and decided never to hold more than 5 coins for long term, so that I can easily keep track on my long term holdings.

coinswebid

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Activity: 1092

Merit: 250

Quote from: Bttzed03 on July 03, 2019, 06:21:06 AM

You might end up holding dead coins if the project gets abandoned
You might miss swaps and end up holding worthless tokens
Delisting of coin/token and you miss the withdraw period (in case you store coins/tokens on exchanges)

Take time to follow news/updates on the coins/tokens you invested to minimize the above listed risks. Checking up their telegram/discord/social media once or twice a month will help.

in my opinion a hodlers will always stay upto date about the latest news with the coins in their portofolio my friend
and if a hodlers ignoring about that, thats not good, and maybe your lists above will become reality my friend

seramania

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Activity: 827

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Quote from: Bttzed03 on July 03, 2019, 06:21:06 AM

You might end up holding dead coins if the project gets abandoned
You might miss swaps and end up holding worthless tokens
Delisting of coin/token and you miss the withdraw period (in case you store coins/tokens on exchanges)

Take time to follow news/updates on the coins/tokens you invested to minimize the above listed risks. Checking up their telegram/discord/social media once or twice a month will help.

maybe the road is one of the fig to avoid risk. I myself have experienced it and when the price was low and it fell I lacked an update that eventually became a rubbish coin, because updating and following the progress of each project is mandatory for anyone

HabiebRiziq

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Activity: 966

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CryptoTalk.Org - Get Paid for every Post!

Quote from: Bttzed03 on July 03, 2019, 06:21:06 AM

You might end up holding dead coins if the project gets abandoned
You might miss swaps and end up holding worthless tokens
Delisting of coin/token and you miss the withdraw period (in case you store coins/tokens on exchanges)

Take time to follow news/updates on the coins/tokens you invested to minimize the above listed risks. Checking up their telegram/discord/social media once or twice a month will help.

Personally, I really need it for everyone who has a coin in their wallet to keep abreast of the news or find out the latest news about the coin and observe its development in the market because it is needed so that you don't waste time holding coins that don't have a price later so that observations are needed to anticipate things that are unpredictable or that can bring losses later.

Mianae

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Activity: 798

Merit: 14

I can relate with this. I held Eos for over a year, I lost out during the swap. Holding alts for long is quite risky you will lose out on many events the most pai ful part is the swap yo new blockchain and delisting from exchange especially now Bittrex sees to be delisting a lot of tokens.

Andrey13101991

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Activity: 551

Merit: 100

Quote from: acmakc12 on July 11, 2019, 09:52:33 AM

This is definitely so, it does not make sense to store many different tokens in the long run, anything can happen to the project, and even any actions around it can affect the price. I think that you need to keep only those coins in which you are sure and that are time tested.

20 percent of the total deposit can be allocated for some amount of altcoins for storage in the long term. but you need to choose very carefully

acmakc12

member

Activity: 504

Merit: 19

This is definitely so, it does not make sense to store many different tokens in the long run, anything can happen to the project, and even any actions around it can affect the price. I think that you need to keep only those coins in which you are sure and that are time tested.

Tsubachuchu

member

Activity: 316

Merit: 10

This is true, As I been a victim of bad holding which is when holding goes bad luck for me, have a lot of tokens in my wallet and now that have absolutely no value, the painful is that of particular coin that swapped from wave platform to ethereum and currently it is having a good value and I forget to swap and I just see that the swapped token is in the good market which you will clearly earn a profit.

installer

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Activity: 294

Merit: 100

Without any doubt, you should always keep an eye on all altcoins that you have in your portfolio, moreover, it is very important to stay up to date with all upcoming announcements and token swaps, otherwise such bad things will happen.

Garrygold

jr. member

Activity: 42

Merit: 1

Crypto

Yes, I missed the swap of one of the coins I have in my briefcase , but I think I can still do it. It is difficult to keep track of all the coins , can tell the telegram bot that helps

ElmedoRator

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Activity: 826

Merit: 104

I think the higher the risk, the greater the profit. Let's look at bitcoin and ethereum only fluctuating at 10-20%. But with altcoin, we can see fluctuations of up to 10-500 +%. Be patient and choose a potential currency to keep long term

rosezionjohn

sr. member

Activity: 882

Merit: 301

Quote from: Stanlo on July 09, 2019, 06:35:36 AM

There is no risks to holding coins for long term if you know what you are doing.
1)pick futuristic projects with real life products only
2)dumping good coins will always lead to regrets later on
3)always keep tracks on all your coins you holding

Good tips but there is no such thing as zero risk investment. Even if you know what you are doing, there are always risks although they can be minimal.

mrkavasaki

hero member

Activity: 888

Merit: 500

Quote from: keziakusayang on July 05, 2019, 01:18:35 AM

it is very true, and must be done so as not to suffer losses, but long-term holding has two different sides, can suffer losses and vice versa can also take large profits, it all depends on the coins we hold.

yeah, long-term holdings like BNB, statistically if anyone holds it within two years since it's $ 1.4x, now if they invest in $ 1000 they have $ 21,000. A huge profit

Topic: Some Risks Of Long-Term Hodling Alts (Read 1468 times)