Topic: Some Risks Of Long-Term Hodling Alts - page 6. (Read 1468 times)
Long-term investor shouldn't leave their coin just like that. They should monitor their assets everyday, every weeks, or every months. Also, they must follow the new information about the coin/token that you hold. So, you won't miss any swap or anything.
Do you mean? Shitcoin Alt, Of course, you will get that problem if holding a shitcoin. The maximum holding for shitcoin its 1-3 month more than that was not really good, shitcoin was not a good option for Long-Term investment its like gamble.
But for Top Major Alt would be no problem holding with a long term, I prefer top 100 rank altcoin by coinmarketcap.
But for Top Major Alt would be no problem holding with a long term, I prefer top 100 rank altcoin by coinmarketcap.
- 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.
yes, this can indeed help to be able to see the progress of the projects they launch, by always checking disputes, telegrams or on social media that we follow regarding related projects of course we can get a lot of information from them. if indeed the project has very good potential for the future, then deciding to hold the tokens we have for the long term certainly can provide many benefits in the future
We always keep fighting with all the risks of holding altcoins for a long term period. However, we also don't have any idea to sell the coin right now because it really has the low value and volume on the market. In my opinion, as long as the coin has a very promising future, real product, and great team, I don't mind to save and keep holding for long term period with those risks.
yes i am the one who experienced same thing.my most altcoin died like xcp,nbt,legend and many more.i learnt from my mistake and now only holding strong coin.
- 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.
- 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)
It must be realized that only several altcoins are good for a long-term holding. Most tokens can, unfortunately, crash at any time, and the holder will simply lose everything. Not to risk, work with Litecoin, Monero, Dash, Ethereum.
- 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.
I do agree with all your point, this is a space that is unforgiven, I have seen several projects that raised more than $20 million and are worth shit now, Sparkster, GoNetwork, Davecoin, HybridBlock to name a few. There is nothing long term in this space move with the market trend and you will be fine
The most funny risk rather disadvantage of holding longterm is that some coins you store at the website dashboard is that sometimes we forget the login credentials or pin code and in the worst case we can even forget about the project and coins and never claim the coins from the dashboard.
Absolutely true, I have been a victim of bad holding which is when bagholding goes bad, have a lot of tokens in my portfolio now that have absolutely no value, the painful is that of particular coin that swapped from wave platform to etherium and currently it is having a good value and I missed the swap and now the swapped token is trading with good value. Would have sold when I remembered it last before the swap
Keeping tokens for a long time in your wallet is dangerous on its own. One should keep on checking the project now and then to make sure the progress and the current condition. Long term is beneficial if you just keep yourself updated regularly and not fall asleep for months on.
Alt coins that are not that much well known should be checked for updates regularly, while with the well known you are allowed to relax a bit.
Alt coins that are not that much well known should be checked for updates regularly, while with the well known you are allowed to relax a bit.
If long-time investments, I think you need to buy good and popular altcoin like ETH, LTC, ... Projects like you say are only suitable for short-time investment, it carries great risks.
even the assets you mentioned are also at risk. all crypto assets are at risk, especially for the long term. it's better to avoid assets with new projects. because even though the project is as good as anything if the market conditions are bad, it also can't make a good price. in long-term investments, of course we not only consider the project, but also the circumstances and events that occur in the future. it can make the crypto market move and not in accordance with our predictions.
If long-time investments, I think you need to buy good and popular altcoin like ETH, LTC, ... Projects like you say are only suitable for short-time investment, it carries great risks.
Normally, if you hold too many coins, you will surely not be able to follow them up, except you have them on apps like blockfolio. One of the problems is that, not all coins can be watched using such app, except they are listed on prominent exchanges.
Base on my own observation, cryptocurrency is mainly for future investment and mostly work together with there road maps, as for a long period of time after buying, therefore, is also good to be updated very important, example: telegram group chatting.
No matter how vigilant you are you will once fall as a victim, all you need to do is to decipher the real projects from the fake ones and try as much to do much research on each and every sing project even when it ends and gets traded.
I do not believe that long-term holding of any cryptocurrency is a reasonable solution. Even bitcoin is better to sell at its highs, and then buy back. If some altcoin at a certain time reached its maximum then it is better to sell.
Long term investment it is not mean you hold for a few years a head but it will be better if long term investment be accompanied by the profit which are desired. It's indeed horrible moment when a long term holder not sold their bitcoin at the peak and still hold till this time. The long term investor have to see the price movement it's because really needed and alsk they have to know the technical factors and fundamental factors for the current market. So as they have to sell when the sign price down will be coming up. - 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.
Perhaps you are misunderstanding a little about hold an investment for a long time. Long-term investment does not mean that you will not be interested in the project, long-term investment is to give information that makes yourself believe that it is a project that will thrive in a few years.
I do not believe that long-term holding of any cryptocurrency is a reasonable solution. Even bitcoin is better to sell at its highs, and then buy back. If some altcoin at a certain time reached its maximum then it is better to sell.
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