The Need to Reconsider Holding altcoins - page 3.

surgical_duude

member

Activity: 349

Merit: 10

Quote from: tsaroz on November 15, 2019, 09:31:21 PM

Quote from: Goodvalony on November 15, 2019, 10:08:19 AM

The altcoin markets has been favorable to few but not all. it is presumed that the early and private investors rake out big cash on New and old altcoin projects leaving many projects at the mercy of the cryptomarkets for survived. Although Most altcoins that has gone down below ROI to the verge of disappearing from the market are increasing daily.
One of the ideology we all know about the cryptocurrency is the knowledge of Holding back some altcoins we believed that will do well in the long run. it is an interesting thing to NOTE that these TWO Altcoins made me have a strong feeling that cryptocurrency can be a fortune if you are lucky to invest on it

BLOCKV
https://coinmarketcap.com/currencies/blockv/

and
THORECOIN
https://coinmarketcap.com/currencies/thorecoin/

A closer look on these two altcoins will make you have a rethink about holding some altcoins, what to hold and Not to sell off everything if you have to sell. Both token raised from zero usd to a high price. even contesting with the top 100 coins on CMC. i am sure there are other altcoins that made this moves in the market but it's quite unfortunate that few people are holding such while some has sold off.

So, before you make that decision of selling off everything that you have in wallet because the market is down and out. please reconsider before you regret your moves. you might be holding a token that worth millions in the next 2 years.

Altcoin now is a vast category to generalize as one. Many of the altcoins have performed better than bitcoin.
Investors should study the coins they are intending to invest on and diversify between different nature of coins and priorities the high cap coins if you are looking for safer investment.

It's really hard to judge an altcoin at the moment. But maybe altcoin is in its recovery phase, we only know hope when this trend comes back again or it becomes shitcoin.

Coltpython

member

Activity: 700

Merit: 11

I am really scared of hodling altcoins. That is my most of my asset is in BTC and ETH. If I cannot be certain about which altcoin is going to rise in price then I will rather not invest in it. Although, I am taking a look at some exchange coins and considering investing there instead

miklesm

member

Activity: 1078

Merit: 10

In my opinion, it is bad idea to sell altcoins which you are being holding for a long time already. They likely cost 10 or more times less since the time you bought it, so if the project is good enough, it will grow during the next altcoin season.

satgoldan

member

Activity: 602

Merit: 12

You are probably a beginner, because you do not understand that this growth is not natural, it is artificial and you will not be able to predict such growth in the future on other coins. Earlier in the distant 16-17 years, such lumbago was a regular event and then it was still possible to track them, but now it is something not possible.

mr_random

legendary

Activity: 1344

Merit: 1001

Quote from: wxa7115 on November 25, 2019, 01:45:26 PM

Quote from: #Darren on November 20, 2019, 12:04:47 PM

Portfolio rebalancing is one of the most important parts, you cannot hold the same altcoins forever. But investing big amounts right now, by selling alts that dropped by x10, is not the best idea at the moment and I would definitely wait.

Wait for what? If an altcoin has lost more than 90% of its value and it is not one of the top coins in the market I can assure you that such a coin is not going to ever recover, it is better to sell it now and obtain whatever you can out of it, I know that no one wants to do that because it is really difficult to admit that you have made a mistake and that such a mistake has cost you some much money but if you want to improve as a trader that is something that you will have to do.

Holding altcoins for the long term has never been a good idea, you should always be ready to get rid of them in the case something goes wrong but newbies keep ignoring this advice and they suffer the consequences of it.

I agree with some points, the need to hold altcoins lost its meaning in the bear market. If the trader decided to get rid of the specific altcoin due to the poor result, it happens because of the bear market. In case of having a another alternative based on good prediction, selling the last trade in loss is acceptable. Otherwise, jumping from one to another altcoin is timewasting in a downtrend, the consequences will be the same.

wxa7115

hero member

Activity: 2702

Merit: 704

Bitcoin is GOD

Quote from: niisarearning on November 26, 2019, 02:13:16 AM

I don’t believe this kind of coins there is several example I can give by holding this kind of coins what happened . This kid of coins hype coin based on hype it will work some day soon it will be disappear . Now a days most of the coins are disappearing from exchange how can we believe this coin won’t follow the same path . Beware about project having sudden growth . Check last 24 hours volume it will give clear picture about the project.

Instead of just checking the volume of a coin during the last 24 hours do that but check the volume of the last six months, if the volume is abnormally high for such a coin then you will realize that something is happening, it could be something positive, maybe the coin is actually growing and it could be a good investment but this could also be a sign of several pump and dump groups taking over that coin and manipulating it for their ends.

Whenever you invest in an altcoin that is not really well known by the community you need to always be very careful since it is not rare for those coins to crash incredibly fast after they have grow in value for some time and you don't want to be the person holding those coins at the end.

cichaescut

copper member

Activity: 266

Merit: 0

SYNCHROBIT

There is always a need to rebalance your portfolio, otherwise, you will lose money. It cannot be that you are always making the right choices, so it happens to everyone. Be up to date and invest smartly in great alts.

niisarearning

sr. member

Activity: 910

Merit: 252

I don’t believe this kind of coins there is several example I can give by holding this kind of coins what happened . This kid of coins hype coin based on hype it will work some day soon it will be disappear . Now a days most of the coins are disappearing from exchange how can we believe this coin won’t follow the same path . Beware about project having sudden growth . Check last 24 hours volume it will give clear picture about the project.

wxa7115

hero member

Activity: 2702

Merit: 704

Bitcoin is GOD

Quote from: #Darren on November 20, 2019, 12:04:47 PM

Portfolio rebalancing is one of the most important parts, you cannot hold the same altcoins forever. But investing big amounts right now, by selling alts that dropped by x10, is not the best idea at the moment and I would definitely wait.

Wait for what? If an altcoin has lost more than 90% of its value and it is not one of the top coins in the market I can assure you that such a coin is not going to ever recover, it is better to sell it now and obtain whatever you can out of it, I know that no one wants to do that because it is really difficult to admit that you have made a mistake and that such a mistake has cost you some much money but if you want to improve as a trader that is something that you will have to do.

Holding altcoins for the long term has never been a good idea, you should always be ready to get rid of them in the case something goes wrong but newbies keep ignoring this advice and they suffer the consequences of it.

Pinkris128

sr. member

Activity: 812

Merit: 262

Quote from: Goodvalony on November 15, 2019, 10:08:19 AM

The altcoin markets has been favorable to few but not all. it is presumed that the early and private investors rake out big cash on New and old altcoin projects leaving many projects at the mercy of the cryptomarkets for survived. Although Most altcoins that has gone down below ROI to the verge of disappearing from the market are increasing daily.
One of the ideology we all know about the cryptocurrency is the knowledge of Holding back some altcoins we believed that will do well in the long run. it is an interesting thing to NOTE that these TWO Altcoins made me have a strong feeling that cryptocurrency can be a fortune if you are lucky to invest on it

BLOCKV
https://coinmarketcap.com/currencies/blockv/

and
THORECOIN
https://coinmarketcap.com/currencies/thorecoin/

A closer look on these two altcoins will make you have a rethink about holding some altcoins, what to hold and Not to sell off everything if you have to sell. Both token raised from zero usd to a high price. even contesting with the top 100 coins on CMC. i am sure there are other altcoins that made this moves in the market but it's quite unfortunate that few people are holding such while some has sold off.

So, before you make that decision of selling off everything that you have in wallet because the market is down and out. please reconsider before you regret your moves. you might be holding a token that worth millions in the next 2 years.

It is difficult to decide which altcoin to hold, as much as we want to invest in multiple coins and tokens, we are not all financially equipped to do so. It is also not the best time to sell off and indeed, it will good to see what 2020 will have to offer in the market. Hodling is a difficult and patience-killing task but don't give up easily by FUD that circles around you.

ntb85

member

Activity: 97

Merit: 10

ETHEREUM BULLISH

Quote from: cahbagus555 on November 18, 2019, 04:09:37 AM

From what I know, the two coins mentioned by the OP are not traded in large exchangers. If it is still traded on a small exchanger, then the opportunity for investors to know about coins is quite small. In my opinion, if a token or coin wants to be recognized quickly, listing in large exchangers is an efficient way because it will raise investor confidence

BlockV Vee is on bittrex Huh

the real value of this token cannot be that low

the correction happened to all great coins.

under 0.00000150 BTC its far from it's average

It might probably even be the next XLM or STRAT if they make great collabs and partnerships. its personally the only coin i hold with faith Roll Eyes

what if what if...

stephanirain

sr. member

Activity: 756

Merit: 257

Freshdice.com

Quote from: Goodvalony on November 15, 2019, 10:08:19 AM

The altcoin markets has been favorable to few but not all. it is presumed that the early and private investors rake out big cash on New and old altcoin projects leaving many projects at the mercy of the cryptomarkets for survived. Although Most altcoins that has gone down below ROI to the verge of disappearing from the market are increasing daily.
One of the ideology we all know about the cryptocurrency is the knowledge of Holding back some altcoins we believed that will do well in the long run. it is an interesting thing to NOTE that these TWO Altcoins made me have a strong feeling that cryptocurrency can be a fortune if you are lucky to invest on it

BLOCKV
https://coinmarketcap.com/currencies/blockv/

and
THORECOIN
https://coinmarketcap.com/currencies/thorecoin/

A closer look on these two altcoins will make you have a rethink about holding some altcoins, what to hold and Not to sell off everything if you have to sell. Both token raised from zero usd to a high price. even contesting with the top 100 coins on CMC. i am sure there are other altcoins that made this moves in the market but it's quite unfortunate that few people are holding such while some has sold off.

So, before you make that decision of selling off everything that you have in wallet because the market is down and out. please reconsider before you regret your moves. you might be holding a token that worth millions in the next 2 years.

With the almost dull state of market right now, it will be the best time to find projects like these to invest to. Buying coins and tokens at this low prices, can greatly increase your profit. Of course, you first have to understand and accept the risk of the project not surviving in the end or get negative profit from it. It is no guarantees but for many, it is worth the risk

ntb85

member

Activity: 97

Merit: 10

ETHEREUM BULLISH

Quote from: Ucy on November 15, 2019, 04:12:41 PM

Seems you are more concerned about the price of the cryptocoins (and their ROI) than what they have to offer.
You should probably take a look at the coins daily volume and total supply... not that encouraging in my opinion.
I wonder why Blockv price increased by about thousands of percent in a short time. Was it pumped or something?

I wonder the same.... DOes the token it really have a value?
Project is interesting and could be everything Milleniums need in the future. They should work on a platform like Instagram...
Grin

BeginToMine

full member

Activity: 434

Merit: 101

https://www.payaccept.net/

Reconsidering altcoins is by choice and the particular Altcoin as no one can stand to trust all altcoins. Just few out there are to be trusted but getting real ones has to do with adequate research in order to know what is on ground and reasons to reconsider it after dip . As for me the altcoin I can reconsider is something like ETH or the ones I have done proper research and notice their failure resulted through general dip and they have working product.

Govorrrue

newbie

Activity: 28

Merit: 0

Quote from: volporg on November 22, 2019, 03:34:21 PM

Oh, I haven't heard of such a program, is it a new one? Are there any favorites already?

Yep, there are. One of the most popular and in demand solution is Verasity. And their VRA token is in very high demand on Binance DEX, so they are now having huge chances to be listed. What I also find very attractive here - the platform itself. It is currently used by more than 700k people and roadmap looks very impressing

volporg

newbie

Activity: 28

Merit: 0

Quote from: Govorrrue on November 22, 2019, 03:24:01 PM

For example, I am pretty impressed with their community listing program. Have you heard something about it already? The main point here is letting community to choose the most in demand tokens from Binance DEX that will be listed on Binance. Of course, there are requirements that must be met, like trading volume etc

Oh, I haven't heard of such a program, is it a new one? Are there any favorites already?

Chicky213

copper member

Activity: 476

Merit: 4

I believe that some altcoins still have some good potential in them to do great in future. I am holding some altcoins and hopefully i will become rich through them. I hold more of Bitcoin than altcoins though

Govorrrue

newbie

Activity: 28

Merit: 0

Quote from: volporg on November 22, 2019, 03:22:37 PM

What have they chosen? Cause I don't fully get what you mean right now

For example, I am pretty impressed with their community listing program. Have you heard something about it already? The main point here is letting community to choose the most in demand tokens from Binance DEX that will be listed on Binance. Of course, there are requirements that must be met, like trading volume etc

volporg

newbie

Activity: 28

Merit: 0

Quote from: Govorrrue on November 22, 2019, 03:21:19 PM

Hey! I absolutely agree with you on that. Probably another trend is IEO - but here the main point is trust to the exchanges, where tokens are listed. And there are great strategies these days, for example, the one Binance has chosen

What have they chosen? Cause I don't fully get what you mean right now

Govorrrue

newbie

Activity: 28

Merit: 0

Quote from: volporg on November 22, 2019, 03:19:47 PM

I would say that much definitely depends on a concrete solution. And as you have probably noticed, there are higher investments into solutions that come up with innovations, not just some kind of ideas. However, there are still not many advanced ones today

Hey! I absolutely agree with you on that. Probably another trend is IEO - but here the main point is trust to the exchanges, where tokens are listed. And there are great strategies these days, for example, the one Binance has chosen

Topic: The Need to Reconsider Holding altcoins - page 3. (Read 1209 times)