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Topic: Why people are holding Altcoin? - page 18. (Read 1856 times)

member
Activity: 574
Merit: 12
Kuvacash.com
April 12, 2018, 04:53:52 AM
#84
Altcoin is a potential coin, just like when Bitcoin started.... Altcoin can go up in price too. There are several Altcoin with nice ideas that can stand the test of time and survive the cryptocurrency market.
It is not a bad idea to hold potential Altcoins.
hero member
Activity: 3178
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April 12, 2018, 04:48:30 AM
#83
People hold altcoins because they wait for increase in their prices. So that they can get more profit in future. I also believe that their prices will go very high in future.
Holding of the altcoins is not an easy thing to do because most of the altcoins are meant specifically for day trading and short-term investment of money and that there are investors who are using it only for day trading. If you are planning of long term investment of money and that too with altcoins, then you need to be very much vigilant and patient as well because things change in a second.
I agree with you here. Almost everyone I know who deal with crypto invest into altcoins for the short term and engage in day trading since they look for quick profits which makes sense due to the extreme volatility of this market. Personally, I HODL Bitcoin and all other altcoins that I hold since I don't engage in day trading and short term investments and I have no problem in staying patient. Coins like Ethereum, Litecoin, Ripple etc returned amazing profits to the investors who HODLED them for a long period.
full member
Activity: 475
Merit: 100
April 12, 2018, 04:30:59 AM
#82
People hold altcoins because they wait for increase in their prices. So that they can get more profit in future. I also believe that their prices will go very high in future.
Holding of the altcoins is not an easy thing to do because most of the altcoins are meant specifically for day trading and short-term investment of money and that there are investors who are using it only for day trading. If you are planning of long term investment of money and that too with altcoins, then you need to be very much vigilant and patient as well because things change in a second.
Its true that most alts are meant for day trading, making their valuable vulnerable to market forces, if however one has strong faith in alts then they can holdit as long as they wish coz their value also increases at its
full member
Activity: 392
Merit: 101
April 12, 2018, 04:16:25 AM
#81
Ok why people holding altcoins? Well first they want to earn profitd by holding it and sell on bull run,it's just like bitcoin we hold it coz there's a value on it. We all know that the technology behind every altcoins has potential in the future.
full member
Activity: 448
Merit: 101
April 12, 2018, 04:09:29 AM
#80
People hold altcoins because they wait for increase in their prices. So that they can get more profit in future. I also believe that their prices will go very high in future.
Holding of the altcoins is not an easy thing to do because most of the altcoins are meant specifically for day trading and short-term investment of money and that there are investors who are using it only for day trading. If you are planning of long term investment of money and that too with altcoins, then you need to be very much vigilant and patient as well because things change in a second.
sr. member
Activity: 406
Merit: 250
April 11, 2018, 03:35:50 PM
#79
Why would you not buy alts as well. Buying and hoping for only one coin to be around is dumb. Different alts are like different companies with different uses. One coin for all would be like amazon doing every service and selling every product. Many different companies many different coins.
newbie
Activity: 32
Merit: 0
April 11, 2018, 03:23:02 PM
#78
New coins can be more beneficial for investment and you don't have to invest much, all though it is a little bit riskier. But that risk is smaller in some ways because there is so much new money in crypto and many investments are in the green.
newbie
Activity: 84
Merit: 0
April 11, 2018, 02:24:35 PM
#77
i also have this question, as for me the only coin you should hold is BTC
full member
Activity: 325
Merit: 100
April 11, 2018, 02:22:25 PM
#76
The main reason for holding altcoin is when the prevalent price is below the ICO price bought by the holder, he has to hold  to see if the price can go up so that there will be profit.Nobody wants to loss.
People are holding altcoins because they know just like bitcoin that it has also a potential value in the future, so people nowadays are holding in both of them, and I am one of them, basically holding bitcoin and some other altcoin.
newbie
Activity: 79
Merit: 0
April 11, 2018, 02:11:24 PM
#75
I guess people like to have a hope to become a millionaire in a few years  Grin But serioulsy speaking i think people like to know that there is the money in the pocket that are growing. My friend holding some coin for a few years already and truly believe it wil become huge in 10 years. I dont know if its right choice or not. I guess its more about luck.
full member
Activity: 798
Merit: 109
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April 11, 2018, 02:02:23 PM
#74
Why people are still holding their altcoincoin in this volatile market?

Do they really love their altcoin?
Are they waiting for the price goes up?
What is your reason for holding?
You have too many questions OP, well, it's very simple that's why people still holding altcoin aside from bitcoin because altcoin is also most profitable especially those altcoins from bounty programs (not all altcoins). And also those altcoins who are in top 5 in the market was also profitable, this volatile make people have a profit on cryptocurrencies. Through these many people were embracing cryptos as a source of income.
newbie
Activity: 196
Merit: 0
April 11, 2018, 01:49:16 PM
#73
Why not? Why would people sell altcoins when they are under the value which they bought? Many people holding some altcoins for long-term, because they believe in the project and also they believe in a profit of altcoins they hold! If you really believe that a project will be successful holding that token will might give you high profit. Crypto market is very volatile right now and I am confident that the market will recover and prices will return to the level they was at the end of 2017. Now the price of these coins has fallen from 50% to 90%, so it is not profitable to sell them.
member
Activity: 280
Merit: 10
April 11, 2018, 01:44:47 PM
#72
The main reason for holding altcoin is when the prevalent price is below the ICO price bought by the holder, he has to hold  to see if the price can go up so that there will be profit.Nobody wants to loss.
because the average altcoin price will rise if held for several months,
and I recommend do not just choose altcoin
full member
Activity: 308
Merit: 100
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April 11, 2018, 01:36:06 PM
#71
Cause if they don't hodl than they will have to sell for a loss and it doesn't makes sense to buy high sell low. Also hodlers are the ones who have been rewarded the most in the crypto markets so it doesn't hurt to hodl even in a bearish market as the market is going to recover at some point.
full member
Activity: 476
Merit: 100
April 11, 2018, 01:21:07 PM
#70
The main reason for holding altcoin is when the prevalent price is below the ICO price bought by the holder, he has to hold  to see if the price can go up so that there will be profit.Nobody wants to loss.
jr. member
Activity: 252
Merit: 1
April 11, 2018, 01:20:58 PM
#69
Why people are still holding their altcoincoin in this volatile market?

Do they really love their altcoin?
Are they waiting for the price goes up?
What is your reason for holding?

The reason for holding altcoin because they believe on it that they will give chance to be financially freedom. Ofcourse they've bought in dipped and waiting for it to go x5, x10 or maybe x100. But it will need a lot of effort to do your own search to know if those altcoins have a big potential in the future or not.
hero member
Activity: 1008
Merit: 502
April 11, 2018, 01:17:05 PM
#68
Why people are still holding their altcoincoin in this volatile market?

Do they really love their altcoin?
Are they waiting for the price goes up?
What is your reason for holding?

People still holding their altcoin in this volatile market because selling at this time is a huge risk and a big loss. All they do is keep their altcoin until their prices rise and goes up again and they also love those coins and many of them are waiting for  big profits, The reason for holding altcoin Because I am sure that the money that I invested in it will come back to me a few times what I put in the future and make gains from it and at this time all I have to do is increase the  amount and not sell.
sr. member
Activity: 392
Merit: 250
"SWISSREALCOIN - FIRST REAL ESTATE CRYPTO TOKEN"
April 11, 2018, 01:19:06 PM
#68
The most people are holding altcoins, because they wanna make more Bitcoin with them. A lot of coins that you could have bought for a god damn cheap price end 2016 are still at the moon right now!
newbie
Activity: 90
Merit: 0
April 11, 2018, 01:13:40 PM
#67
Holding an Altcoin is strategy to gain more profit. In this strategy they wait for the right time to sell their altcoin, you will know if that is the right time if you're satisfied with the price. Having trust to your coin and being patient is essential in this strategy.
newbie
Activity: 73
Merit: 0
April 11, 2018, 12:50:33 PM
#66
I think the reason that altcoin is currently holding, because the market is big fluctuates, the value of the altcoin is down, they hope that it will recover and in the future expect the price to rise.
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