We're sharing the same fears here, the fear of the death of altcoins. That's one of the nightmares that i keep dreaming of and i almost can be assure that the future of "some" altcoins will be death. Even if only one token or coin dies, it will mean that alot of fiat will be lost, that will affect alot of other projects and especially the cryptoworld in general. That will cause a dump. There's no solutions here but just hope for a brighter future, that's it.
Fear is the main enemy in trading business. Competent analysis should make your balances more stable...so teach yourself to research the market using coingecko.com or other resources. 
Topic: There has never been a worse time to hold altcoins - page 2. (Read 3337 times)
Almost all altcoins continue to follow the development trend of bitcoin price. Due to the speculative component of cryptocurrency, the general trend will be unstable for a long time and force players with weak nerves to sell their assets on a downtrend.
Holding altcoins in a long term will be effective only if it has a potential to increase in the future, or promising.
And if that happens there is a probability that you can earn big in the future, however if you hold the wrong altcoin
time will will turn into waste only, so be careful and be wise before anything else.
if I bought 1000 coins for 1 eth, then if these coins grow and my profit is 1.5 ethers, then I sell tokens for 1 eth and I leave 0.5 eth in this coin for long-term And if that happens there is a probability that you can earn big in the future, however if you hold the wrong altcoin
time will will turn into waste only, so be careful and be wise before anything else.
We're sharing the same fears here, the fear of the death of altcoins. That's one of the nightmares that i keep dreaming of and i almost can be assure that the future of "some" altcoins will be death. Even if only one token or coin dies, it will mean that alot of fiat will be lost, that will affect alot of other projects and especially the cryptoworld in general. That will cause a dump. There's no solutions here but just hope for a brighter future, that's it.
Hearing some analyst say that altcoin will seize to exist in the next five years, I think they are not far from truth because these step you want to take is one of the killer of altcoins, most investors of altcoins that we have now are no longer putting money, and then they are also not creating awareness for new investors to come in, even the new investors that are coming in are being discourage seeing what others are saying about altcoins.
You are here too already planning to dump all altcoins as soon as they pump, and I am sure that if you succeed in doing that, that will be the end of altcoins, and I think part of me will actually do that too for coins that I feel are not to be trusted and maybe I will just stick with coins that are within the top 5 and most especially bitcoin, which is the main coin that most investors are putting their money now.
You are here too already planning to dump all altcoins as soon as they pump, and I am sure that if you succeed in doing that, that will be the end of altcoins, and I think part of me will actually do that too for coins that I feel are not to be trusted and maybe I will just stick with coins that are within the top 5 and most especially bitcoin, which is the main coin that most investors are putting their money now.
The main problem is people investing in "crypto" don't understand that cryptocurrencies are adversarial in nature. It took me years to realize this... but basically, for a crypto to have value, it has to be able to survive on it's own, irrespective of what regulations are being put in place. In order for this to be viable, the token must have a decentralized network. Now the obvious question and answer: Does any other coin but Bitcoin have the characteristics to be called decentralized? No. Because of this reason alone, all other these tokens are nothing but fiat derivatives, the underlying fundamentals are flawed, they can never have any relevant, hard-money-like long term value.
Lets not pound on all altcoin I think there are significant few that have a really good backing and the truth is if you can hold the good ones and have patience then am sure you will reap the reward the idea is just to keep hold of what you have and make gain as it progress I will suggest year end or next for some
Yes. I believe there are still potential altcoins that will survive in this crypto market and if we just keep holding them, we will still be able to make good income from them. Although those profitable days for altcoins are already gone, but we should not lose patience in hoping that potential altcoins will still be profitable in the coming months or years as its price will keep pumping until it reaches a good selling price.
therefore we have to do an analysis on the potential altcoin, the risk of choosing investments in new coins or tokens the risk is greater. if we know the pattern, when the dominance of BTC decreases, usually the trend up to altcoin starts to appear. Analyze the floor, take a chance if it will bounce immediately. But remember, choose a strong altcoin, which already has a niche and market power.
Lets not pound on all altcoin I think there are significant few that have a really good backing and the truth is if you can hold the good ones and have patience then am sure you will reap the reward the idea is just to keep hold of what you have and make gain as it progress I will suggest year end or next for some
Most of the altcoins I've been holding for long term have reduced my funds with wide margin. I bought DENT at 25 sats when I saw many big development updates for instance, but today DENT is at 4 sats. I also bought NPXS and BTT, those are nothing to write home about presently with regards price, even with their solid projects as acclaimed. I understand BTC presently is also on a downtrend but it's far better than holding some altcoins for long, since the team might decide to dump and blame it on the market per say. Let's just hope things get better in crypto space, my experience has been horrible with altcoins.
When I come across this kind of opinion or statement, I always ask myself how the crypto market would be without altcoins. I'm not disputing the kingship of bitcoin, but altcoins brings more dynamism and diversity to the crypto industry. The shitcoins are as good as dead, but for the genuine ones that offer real good usecase to the world, I can't but to wish them success.
Hi,
For me, the trend regarding altcoins is once bought, you have no other option to sell it as soon as possible (with profit) flushing the market progressively.
Thousand of computer/AI around the world are tracking opportunities, influencing artificially exchanges.
Billions of crypto-tokens are flowing from the cryptospace to the exchanges to be converted in BTC, leaving the value near from 0 sat.
The altcoin are so fragmented, no adoption, why the hell would I buy/hold monaco coin or crowd machine token ? No one use these tokens, there is nothing you can pratically do with it.
Most of the time while trading, I don't care about coin purpose but playing the opportunity.
Is there anyone sharing my opinion ?
For me, the trend regarding altcoins is once bought, you have no other option to sell it as soon as possible (with profit) flushing the market progressively.
Thousand of computer/AI around the world are tracking opportunities, influencing artificially exchanges.
Billions of crypto-tokens are flowing from the cryptospace to the exchanges to be converted in BTC, leaving the value near from 0 sat.
The altcoin are so fragmented, no adoption, why the hell would I buy/hold monaco coin or crowd machine token ? No one use these tokens, there is nothing you can pratically do with it.
Most of the time while trading, I don't care about coin purpose but playing the opportunity.
Is there anyone sharing my opinion ?
You are absolutely right! The present situation is the worst for altcoins! The whole crypto market is down now, but still, Bitcoin holds more than 68% dominance and altcoins investor has barely profit in this whole year! In the next three months, Altcoins market cap will be decreasing too! So, you are very right here!
i'm not someone that can read graphic or signal on market like that, but so far i still holding alt. i believe that this condition just like 2016 to 2017. As long the cryptocurrency community keep growing, there is still chance there price will back or pump
I am pretty sure that this Ethereum and BCH will go high still, i doubt that the XRP will recover again.
But the 2 coins for me still have the guts and the power to rise again.
Together with BTC, every thing will be okay, as i said XRP will be nothing.
But the 2 coins for me still have the guts and the power to rise again.
Together with BTC, every thing will be okay, as i said XRP will be nothing.
People are still holding altcoins because they do not have choice. Those who bought in hype in 2017 have loss around 90%, if they sell altcoins now they get almost nothing, what is not a good move, right?
Do the dollar-cost-average strategy and you will feel better because you will average your purchase price and you'll be at a lower loss. People still do not understand the advantage of bear market = cheaper cryptocurrencies.
Holding altcoins in a long term will be effective only if it has a potential to increase in the future, or promising.
And if that happens there is a probability that you can earn big in the future, however if you hold the wrong altcoin
time will will turn into waste only, so be careful and be wise before anything else.
if I bought 1000 coins for 1 eth, then if these coins grow and my profit is 1.5 ethers, then I sell tokens for 1 eth and I leave 0.5 eth in this coin for long-term And if that happens there is a probability that you can earn big in the future, however if you hold the wrong altcoin
time will will turn into waste only, so be careful and be wise before anything else.
Holding altcoins in a long term will be effective only if it has a potential to increase in the future, or promising.
And if that happens there is a probability that you can earn big in the future, however if you hold the wrong altcoin
time will will turn into waste only, so be careful and be wise before anything else.
And if that happens there is a probability that you can earn big in the future, however if you hold the wrong altcoin
time will will turn into waste only, so be careful and be wise before anything else.
If you can't calculate time and doesn't have take profit/ stop loss point, any " hold " strategy will fail. We never know market will go and I think prepare for the worst is better than just wait new trend. Faith is good but must support by wise analysis, if don't you're a gambler. I already have bad experience about hold method but I never give and keep try " hold " with cut loss position to cover my asset.
stop-loss is a very important tool for those people who have decided to just hold altcoins. but unfortunately, very few people use it now.That's true but if you are the kind that believes in the future of your coins you're not going to use and will just go all out hodling that coin until you really lose everything but I agree there should be a point that you will cut your losses but if you cut loss it should be because developers lose hope on there coin.
just be careful that your "believing" in the future of your coin is not only because someone else told you to believe by hyping that coin to you. which is the case with most people, they fall for the advertisement and the "pretty words" when they are promised a lot of things that can never be delivered.
If you can't calculate time and doesn't have take profit/ stop loss point, any " hold " strategy will fail. We never know market will go and I think prepare for the worst is better than just wait new trend. Faith is good but must support by wise analysis, if don't you're a gambler. I already have bad experience about hold method but I never give and keep try " hold " with cut loss position to cover my asset.
Maybe hold strategy will work for the long term because, in a short time, the price will always change, and that is difficult to keep. There is no way we can do to prevent the price for up or down, but we can sell some amount if the price increase. No matter if bitcoin or altcoin is going to increase, we should make a strategy on how we can take the profit. Holding the altcoin can work in the short term and once the altcoin price increase so high, that is the time for us to sell the altcoin.
If you can't calculate time and doesn't have take profit/ stop loss point, any " hold " strategy will fail. We never know market will go and I think prepare for the worst is better than just wait new trend. Faith is good but must support by wise analysis, if don't you're a gambler. I already have bad experience about hold method but I never give and keep try " hold " with cut loss position to cover my asset.
stop-loss is a very important tool for those people who have decided to just hold altcoins. but unfortunately, very few people use it now.That's true but if you are the kind that believes in the future of your coins you're not going to use and will just go all out hodling that coin until you really lose everything but I agree there should be a point that you will cut your losses but if you cut loss it should be because developers lose hope on there coin.
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