Some Risks Of Long-Term Hodling Alts - page 2.

uniquark

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Quote from: killat on July 09, 2019, 01:05:08 AM

I have a few tips for longterm:

First tip - BTC is not going back to 3k this year

second tip - buy in increments when it dips hard. BTC still has a long way to go before it reaches its peak this year.

third tip - Do your OWN research. Don't rely on others.

4th tip - Join some FB groups in order to find out more about crypto and what coins are hot right now.

5th tip - look at Medium articles (like mine at cryptoaccountbuilders) and learn.

A small tip from me is that fomo should not be able to access altcoin for several weeks in just 1-2 weeks, because I'm sure you'll easily lose money when buying altcoin like that

bandungan

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updating coins from social media and from any source from the team is a good thing, now there are lots of coins that sometimes just become rubbish and are very risky. so if it is long-term hold, update every time about the coin news section that you hold because this is useful for determining your profit

Sacramentus

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Activity: 448

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Quote from: Bttzed03 on July 03, 2019, 05:21:06 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.

altcoins are not the only coins or tokens being held for a long term investment. A lot of investors do hold bitcoin and ethereum as well for a long term and still face such problems. Your point should narrow in all long term investment and not just altcoins

aioc

hero member

Activity: 3136

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Quote from: Bttzed03 on July 03, 2019, 05:21:06 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.

It's ok to hodl your coins provided that you can follow the price the volume and the demand of the coins, there is a right a way to hodl coin sand the right time to sell it, don't believe those who preach that by holding a coin you will get more than ten times profit, it's not going to work on all the coins.

uniquark

sr. member

Activity: 533

Merit: 250

Let me tell you a story to be called its owner who is lucky. He joined the bounty and translate campaign of EGT, when depositing on Okex it was only worth $ 100. And he raised the fa2, and the account is not KYC yet. But now that number of EGT is worth 40k $ and Okex supporters say he can get his account back if there is an email, well thật may mắn

awik p

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Pepemo.vip

Quote from: Peterdav on July 09, 2019, 01:35:20 AM

Quote from: Bttzed03 on July 03, 2019, 05:21:06 AM

You might miss swaps and end up holding worthless tokens

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.

This poin remind me of the altcoins that i hold and I missed once to swap.
Its improtan to follow and join the telegram group to get update the news of the alts project that you invested.

I agree. by joining a telegram group on the coins we have, we will get the latest news from a coin, so we can analyze it for the future and decide on actions, whether they are held or thrown away

MBMauL

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kingcasino.io

Quote from: Peterdav on July 09, 2019, 01:35:20 AM

This poin remind me of the altcoins that i hold and I missed once to swap.
Its improtan to follow and join the telegram group to get update the news of the alts project that you invested.

that's the risk of not following the project. altcoin has a very long development, many updates will occur, follow the developments if you want to invest in the long term. otherwise you will lose the moment.

pandanaran

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Activity: 1048

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Quote from: Bttzed03 on July 03, 2019, 05:21:06 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.

From the suggestions above can be a reference to increase our alertness when holding a long or short term Altcoin because both are equally risky. The chance of profit is greater if Hollding is long-term because the market can change dramatically if the quality of coins is good, it is only a matter of time and we ourselves will determine fate depending on management or observing coin growth.

Starfranko

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I think by now I have come to a perfect understanding that the crypto-currencies space is a risky one, whether you sell or hold there are inherent risk that one should warm themselves up to and be ready to take them whenever they come

sngwinner

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All your points are just true and I'm much interested in the first point. Sometimes, and most especially when you are hodling less potential coins, the project might die off without knowing.

jigzaheedcoin

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☀️ Iskra Coin ☀️

Quote from: r_delossa on July 06, 2019, 08:38:11 AM

You should always check the project updates and it does not matter if you are holding long or short term. In case, you are not up to date with the lastest market and project news, you can easily face all the conditions that are listed.

That's my worst mistakes from previous projects I had, and if I knew it maybe I sold those long term alts I had. Probably I won't be ending profitless until now, because the coins I got became shitcoins after several months. Holding alts is risky if you don't choose wisely.

r_delossa

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You should always check the project updates and it does not matter if you are holding long or short term. In case, you are not up to date with the lastest market and project news, you can easily face all the conditions that are listed.

Stanlo

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Activity: 952

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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

Delilonia1

member

Activity: 463

Merit: 11

Quote from: Bttzed03 on July 03, 2019, 05:21:06 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.

That's right. It is necessary to follow up your investments and not leave it to chance. One might be verily dissapointed if after several months of expecting your investments to have yielded bountifully, you eventually find out that the coin has been delisted or it is even worthless

Checking up on your coin status is very important to avoid disappointment. Besides, it will help you make certain reasonable decisions to salvage the situation the moment you realise something is wrong so that your losses can be limited

arpon11

sr. member

Activity: 882

Merit: 282

Quote from: Bttzed03 on July 03, 2019, 05:21:06 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.

Holding some coins especially those new coins that did not have any viable products and services is one of the investment decisions you can make and regret. I have over 100 different altcoins that i have been holding since may and July 2017. I did not sell them during 2017 altcoins boom but keep holding them with the mind that in no time all of them will appreciate and i will become a million but since the middle of last year all of them keep going down and the majority has been abandon! There is no viable developments and some of the developers are now on another project entirely. It is not actually advisable to keep holding altcoins especially when you know there are dying.

Peterdav

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Activity: 840

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Quote from: Bttzed03 on July 03, 2019, 05:21:06 AM

You might miss swaps and end up holding worthless tokens

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.

This poin remind me of the altcoins that i hold and I missed once to swap.
Its improtan to follow and join the telegram group to get update the news of the alts project that you invested.

killat

member

Activity: 742

Merit: 21

Be the reason someone smiles today

I have a few tips for longterm:

First tip - BTC is not going back to 3k this year

second tip - buy in increments when it dips hard. BTC still has a long way to go before it reaches its peak this year.

third tip - Do your OWN research. Don't rely on others.

4th tip - Join some FB groups in order to find out more about crypto and what coins are hot right now.

5th tip - look at Medium articles (like mine at cryptoaccountbuilders) and learn.

take_off

full member

Activity: 396

Merit: 100

Quote from: rizkyfebrian213xx on July 06, 2019, 11:53:39 AM

Damn.. I'm disappointed to myself didn't know for this reasons on 1 or 2 years ago. All of this thing (Except for point 3) already happened to me and maybe I loss few hundred of bucks because of it
For point 1 , yes I still hold some on my ERC20 wallet because didn't has much ETH as gas for moving all of it.
For point 2 , I'm not just hold 5 or 6 ERC20 on my wallet but so much ERC20 tokens on my wallet , around 200+ and yeah , I'm already miss some my ERC20 swap and now that tokens is useless on my wallet.
For point 3 , It didn't happend because I must know where exchanges for each tokens on my wallet and I create notes of it.

You have too many altcoin so you can't easily focus on your projects. I see now which projects you see can be sold, sell off and invest in the necessary projects

Twinkledoe

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Quote from: ?? on ??

Quote from: tycsols on July 03, 2019, 09:41:27 AM

The biggest risk and disadvantage is that you will miss out on potential btc and eth runs and with experience i have learnt that staying in btc and eth remains to be the best strategy for me in the crypto investment sphere.

Completely agree. I've modified my investment strategy to just holding BTC and ETH as well. Simple to follow with a lot of upside potential long term.

I do agree with this disposition in terms of crypto investments. If you are a type of person that can't follow thru all the coins that you are holding. Better convert it to btc or eth, if you have the chance of selling those other altcoins in the market. At least even if you forgot to check on a specific coin, you already have your btc or eth in your holdings.

By the way, the OP already summarized what would happen with your altcoins if you will hold them in long-term basis. And for me, those scenarios turned to be true to more than half of the altcoins ever existed.

odukoyaewatomi27

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I can actually get the point your are trying to make, but all the risk you listed should not be something that will affect a wise and good holder. If you are holding then it is very important to keep track of all the coins you are holding and know about their latest update every week, so you don't miss out on swap or get affected by delisting.

Topic: Some Risks Of Long-Term Hodling Alts - page 2. (Read 1510 times)