Topic: Some Risks Of Long-Term Hodling Alts - page 9. (Read 1468 times)
When choosing altcoins to hold for long term be very sure they are with holding ,many teams are just using ideas until they reached the end road and abandon the project, the safer bets are top altcoins either top 20 to 100 and also remember that some altcoins will get to top10 someday ,we still have well made new projects coming up
I only keep altcoin in the top 10, so it is safer than holding altcoin, even though the profit may not be equal, but safety is still a priority.
I should have sell most of the coins I'm holding now but I refused thinking that they will grow in the future but I'm glad I'm not a relying type so I still keep hunting for more coins ,so I have better ones I never thought I would have today ,not all coins are worth holding for long term
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.
To stay on track with every altcoins you hold you have to subscribe to the altcoins channels like twitter or telegram to avoid missing any announcement and secondly keep track on all your altcoins using apps like blockfolio so you will know if its surging in price or not ,to avoid had I known
Holding a coin for a very long time may end up to be a wrong decision. I have actually tried holding for long and indeed it doesn't pay off. The regret was that I should have sell those coins in the beginning of 2018. There is no point in reflecting on what has happened in the past but it will make people in crypto learn from other people's mistake. Therefore, if I plan to hold any coin for a long time then its going to be top 10 coins according to 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.
You might forget your private key or wallet or the password and 2FA to the exchange you have stored the coin.
To get rid of all these problems, limit your holdings to 10 coins and keep a track of them all the time. If you want to add one more, subtract one.
Holding altcoin, if you mean altcoin is on major like ETH or BNB that is not have a problem but altcoin under top 20 to long investment i think that is have a big risk.
The best coin for long-term Investment is BTC and ETH for meso i don't want to take a risk to hold altcoin in long time.
The best coin for long-term Investment is BTC and ETH for meso i don't want to take a risk to hold altcoin in long time.
Very cool post, I've been a victim of missing a token swap to mainnet coin and now it's worthless, about 1000$ gone for ever. Well, that thought me a real cool lesson, so I can't make such mistakes again. Now I turn on notifications for the coins I'm holding to avoid any loss. Also I limit my portfolio to few coins in order not to hold so many coins which I can't follow up all updates.
- 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.
depends on what you're hodling. some of them can be considered more risky than others and long term hodling isn't a viable option for them but if you're hodling a decent alt that is showing continue progress I don't see a reason why someone can't hodl them for long term if they choose to but again how long term are we speaking of? 2 months? 1 year? 10 years?
This is why hodling too many altcoins is a risk too as you would need to have constant update and price check just to check if your token is still valuable or if the token has already pumped. A good strategy for hodling is having only 5 to 8 altcoins max with the exception of main cryptocurrencies like BTC, ETH or XRP. This is for you to minimize any chance that you can miss an important information about the altcoins that you are hodling.
the biggest risk that you forgot which happens to be the most common one is the inevitable dump.
every altcoin out there is going to eventually be dumped after their pump was completed. so in long term if you continue holding that coin you will eventually face that dump and lost a significant portion of your capital investment.
Isn't long term holders not that concern about price? They most likely ignore price dumps.every altcoin out there is going to eventually be dumped after their pump was completed. so in long term if you continue holding that coin you will eventually face that dump and lost a significant portion of your capital investment.
But about your second point and isn't it fair? Remember about the team or developers must give a chance for those who are not yet swapping their coin. i thought that if that can't a risk point when comes in the holding altcoin. Only a few case that related to the point.
Dev teams always make announcements prior to the swap and set a time table for swapping. I think that's just fair. From all the swaps I've been into, there are always those who missed it. 
- 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.
Only a few case that related to the point.
- 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 tokens and coins for long has its own disadvantages, merely based on my very own experienced, ive been holding for a long period of time of some ALTS and ended up being loss at greater value because at the end of the day, it ended up being abandoned by the team itself, so i cannot do anything about it, and i learned from my experienced that its not too good to hold some ALTS, especially when it is not really an in demand project after all.
Seems like the suggestion intended to new project or the altcoin which is new listed on the exchange. I doubt if the suggestion intended to some altcoins such as ETH, LTC or the top altcoin based on cmc. For those altcoins (ETH, LTC) it's ralely happens to face pump and dump, the price movement only depend on the speculation and some news that comes to them. Indeed, the new altcoin is very vulnerable to face pump and dump scheme, I have seen a loot on the market even its price meet increased price until 6000% just in a few days. It will be good if you hold the altcoin and its price increasing a lot then the best strategy is to sell it.
- 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 forget your private key or wallet or the password and 2FA to the exchange you have stored the coin.
To get rid of all these problems, limit your holdings to 10 coins and keep a track of them all the time. If you want to add one more, subtract one.
Good tips friend, I also implemented a strategy to always monitor the progress of the latest coin updates via telegram, long-term investment in coins is indeed mandatory for us to know the big news from these coins.
the biggest risk that you forgot which happens to be the most common one is the inevitable dump.
every altcoin out there is going to eventually be dumped after their pump was completed. so in long term if you continue holding that coin you will eventually face that dump and lost a significant portion of your capital investment.
every altcoin out there is going to eventually be dumped after their pump was completed. so in long term if you continue holding that coin you will eventually face that dump and lost a significant portion of your capital investment.
I agree with this statements, it is too risky on holding altcoins especially with those altcoins that might get abandoned and if you forgot to follow the updates maybe you would lose your coins because several of alts now are making swaps and some coins also get delisted on an exchange markets. So now we should think twice before making long term investments on alts.
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