Topic: Some Risks Of Long-Term Hodling Alts - page 10. (Read 1468 times)
Long term hodling doesn't mean accept your loss and let it grow like seeds, you need to still somehow keep the project status in your mind updated once in awhile, missing swaps are pure stupidity as I know people might be insensitive just because the money is not in 'fiat' mode. Somehow I ALMOST lost some of my private keys from months ago, I kept the passphrase screenshots scattered in my pc, you might remember those tokens but don't forget the ways of accessing them too!
- 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.
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