Some Risks Of Long-Term Hodling Alts - page 8.

Coroline

sr. member

Activity: 1092

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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.

it's true that I experienced that when I held a coin to invest and when I opened the coin it was removed from the market authors if you knew that there were no updates on telegrams or other social media and finally the token was dead and for now I had to monitor the coin at any time which I invest if I don't want to repeat it again and it will make a loss

didzi

sr. member

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Hodlers Network

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.

yes, agree with you
always up to dates about the last news from the coins on our bag is the best idea
maybe subscribe our email to the project is better if we don't have enough time to check their social media such as telegram, discord etc
so, we will not miss any big news from the project buddy

enhu

legendary

Activity: 2492

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Quote from: joshy23 on July 03, 2019, 01:05:44 PM

Quote from: enhu on July 03, 2019, 01:00:39 PM

A lot of coins I have tried buying before were already in this stage. I can mention some like TAAS and ICN which I have even before the 2017 bullrun. It already felt like its a scheme for scamming investors who are trying to hold for long term. If this will also happen to the EOS and TRON tokens, we got to follow them forever.

There's no assurance but it's up to the investors to follow the project and try to calm itself while the market from those coins are not been rising, you have to make your decision whether to wait or forget about the project and move on to another one, the market volatility always the factors where investors lose or gained from the market.

Those two are still doing great actually. I just need to swap the tokens I got. I regret not selling them during its ATH but if it does happen again, I will have to get it ready, their price is more than its ICO price though.

If you have been here from the beginning of their project and inquire to their thread for once, you will be able to follow them for their thread will always come up when updated. And that's why I knew these two coins are swapping to their updated ERC contract.

BryanK

sr. member

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Simply be subscribed to the investment news channels. Google writes a lot about the cryptocurrency market and there are even professional analysts.

joshy23

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Quote from: enhu on July 03, 2019, 01:00:39 PM

A lot of coins I have tried buying before were already in this stage. I can mention some like TAAS and ICN which I have even before the 2017 bullrun. It already felt like its a scheme for scamming investors who are trying to hold for long term. If this will also happen to the EOS and TRON tokens, we got to follow them forever.

There's no assurance but it's up to the investors to follow the project and try to calm itself while the market from those coins are not been rising, you have to make your decision whether to wait or forget about the project and move on to another one, the market volatility always the factors where investors lose or gained from the market.

enhu

legendary

Activity: 2492

Merit: 1018

A lot of coins I have tried buying before were already in this stage. I can mention some like TAAS and ICN which I have even before the 2017 bullrun. It already felt like its a scheme for scamming investors who are trying to hold for long term. If this will also happen to the EOS and TRON tokens, we got to follow them forever.

landoffaucets

hero member

Activity: 1204

Merit: 502

The only risk for investor is that he will lost the whole investment, no matter the reason why this could happen because there are so many possible things what could happen.

kingpin4321

member

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The chances of one keeping in there wallet is on the increase with the rising project what I do is diversify but not to much. Also keep more of good coin rather than gathering a garden of Shit coins because of its low price

Pffrt

sr. member

Activity: 1372

Merit: 322

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.

The first two are much happening, the 2nd one has happened with me as well once although I didn't lose much, I have seen many people lose because of both of the reason. I think one should regularly check the official channel of his holding.

Iykecollinz

copper member

Activity: 294

Merit: 1

Experience have shown that it less risky holding bitcoin than any other altcoin, at least there will be some level of certainty that the market will recover after sometime incase of a dump situation, but in the case of altcoins, there are a lot of them that are dead already and will never return

chriseasan

copper member

Activity: 224

Merit: 0

The worst thing is that you can simply pass the all time high price. Imagine people have bought BTC for 5k USD and did not sell them around 20k. During the whole 2018 BTC was slightly above 3000k and that was painful for such long term holders.

gurunanakji777

full member

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SOL.BIOKRIPT.COM

There is always been risk and benefit in holding coins for long sometime we get profit very quickly in some days and sometime we miss the profit in long term holding because of greed. One should always check their coins updates every week and if you are holding top coins you might get good profit by holding them for long-term.

LimLims

sr. member

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1xbit.com

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.

The mentiond points are really good.
I would advise all, along with newbies and old members to carefully follow these instructions.
I also agree to all points of the OP.
I would also like to add into the first point that, while you choose the right coin for holding, do some research and see the growth graph of it. Then only wisely invest in it. Else you will end up in losses.

Prettygirl01315

sr. member

Activity: 630

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on holding your alts yes there's a lot of risks and we cant do nothing about it because it's normal. The situation will be put on 50 50 its can give you a lot of profit or it can lead to your loss. Be wise on doing this kind of things so that it will not happen

Metall303

full member

Activity: 891

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Oikos.cash | Decentralized Finance on Tron

All these risks are for those people who hold a large number of coins in their portfolio. There are not many such people and I think they know about all these risks.

Findingnemo

hero member

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Bitcoin = Financial freedom

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.

people just want your money so they are going for the altcoins which are highly risky to invest, I lost my interest and the tokens after lost some money e by investing and few projects so now only keep an eye on the better cryptocurrencies like Bitcoin ethereum and much more we have to focus and also gain profit from it.

Ekyfitri

sr. member

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SmartFi - EARN, LEND & TRADE

Quote from: Apes on July 03, 2019, 11:12:26 AM

OP advice is indeed the fact that holding alt in long-term is no profit guarantee especially on newly launched alt. even though the project that was carried out was quite convincing but many investors preferred to sell after the market did not increase. invest in alt make sure to choose the top 10 cmc or investing to coins that trully work according to what they announce.

the long term should have an alternative percentage of profit or at what price we will sell our investment assets. when it has been reached one of these plans then we are worthy to sell. because the predictions made in the long run are high speculation. we will not know the results.

Peanyut991

member

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Merit: 10

Your statement is true but I will tell you that all investments must have risks, whether investing in land, property, banks, all have risks. So, when you invest in altcoins you also have to be prepared with all the risks involved.

Apes

sr. member

Activity: 1316

Merit: 257

OP advice is indeed the fact that holding alt in long-term is no profit guarantee especially on newly launched alt. even though the project that was carried out was quite convincing but many investors preferred to sell after the market did not increase. invest in alt make sure to choose the top 10 cmc or investing to coins that trully work according to what they announce.

Ken_terrance

member

Activity: 574

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Making Smart Money Work

There are good apps for that if you are using smartphone you can easily keep tabs on your altcoins so that you won't miss any news about future updates or swaps ,just because you are holding for long teem doesnt mean once you buy just lock up for long

Topic: Some Risks Of Long-Term Hodling Alts - page 8. (Read 1468 times)