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Author Topic: HODLing Altcoins  (Read 11556 times)

Offline DAMKAR

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Re: HODLing Altcoins
« Reply #210 on: April 20, 2024, 03:05:19 PM »
Holding altcoins becoming a pain in the ass at this moment. Some of my locals have bought some Altcoins that have some potential to give 5 to 10x ROI in this bull run, but they are suffering huge price manipulation at this moment due to the war and the Bitcoin price correction. Altcoin is not for long-term investment. If people want to make money out of the altcoins, they should buy only the top ten coins. These top ten coins will be able to recover in the future even if they go down for a short term. But people are investing in come name less coins that has no fundamentals and suffering now. I hope the bull run recover their losses.
Good advice, if you want to buy altcoins, the priority choices are the top 10 coins. In terms of popularity, it is clear that these coins are very popular and the chances of returning to ATH are greater if Bitcoin experiences an increase. but if we choose coins from new projects, the risk is very big because they have not been tested by time

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Re: HODLing Altcoins
« Reply #210 on: April 20, 2024, 03:05:19 PM »

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Re: HODLing Altcoins
« Reply #211 on: April 20, 2024, 03:29:11 PM »
Good advice, if you want to buy altcoins, the priority choices are the top 10 coins. In terms of popularity, it is clear that these coins are very popular and the chances of returning to ATH are greater if Bitcoin experiences an increase. but if we choose coins from new projects, the risk is very big because they have not been tested by time

People mostly follow the trends. The Altcoins market has become like gambling. People who enter the market at the beginning and exit with some profit, are safe. But once the market is already pumped, people join further and then it starts to collapse at some point. The losers are those who have joined later.

I don't understand why people invest in a project that has already pumped more than 20x. Why do they expect further pumps? A token/coin pumped 1000% does not mean it will pump another 1000%. But unfortunately, people invest in projects that is pumped already.
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Re: HODLing Altcoins
« Reply #212 on: April 20, 2024, 03:37:59 PM »


People mostly follow the trends. The Altcoins market has become like gambling. People who enter the market at the beginning and exit with some profit, are safe. But once the market is already pumped, people join further and then it starts to collapse at some point. The losers are those who have joined later.

I don't understand why people invest in a project that has already pumped more than 20x. Why do they expect further pumps? A token/coin pumped 1000% does not mean it will pump another 1000%. But unfortunately, people invest in projects that is pumped already.
You are right, for those who make an initial entry into a coin that will experience an increase in price and become hype, they are the lucky ones. Let's try to remember when Bitcoin was first launched, the price was very low, if at that time we bought Bitcoin and held it until now of course we would be rich. For new projects, this is more difficult because determining whether the project will be successful requires knowledge and experience in analysis

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Re: HODLing Altcoins
« Reply #213 on: April 21, 2024, 09:15:52 AM »
You are right, for those who make an initial entry into a coin that will experience an increase in price and become hype, they are the lucky ones. Let's try to remember when Bitcoin was first launched, the price was very low, if at that time we bought Bitcoin and held it until now of course we would be rich. For new projects, this is more difficult because determining whether the project will be successful requires knowledge and experience in analysis
Determining whether a new project is successful or not is very difficult to know, but when they provide allocations to the community in the form of airdrops and other things that can provide benefits to the new project, more and more people will know about this project and will make this project successful.

Offline DAMKAR

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Re: HODLing Altcoins
« Reply #214 on: April 21, 2024, 09:28:53 AM »
You are right, for those who make an initial entry into a coin that will experience an increase in price and become hype, they are the lucky ones. Let's try to remember when Bitcoin was first launched, the price was very low, if at that time we bought Bitcoin and held it until now of course we would be rich. For new projects, this is more difficult because determining whether the project will be successful requires knowledge and experience in analysis
Determining whether a new project is successful or not is very difficult to know, but when they provide allocations to the community in the form of airdrops and other things that can provide benefits to the new project, more and more people will know about this project and will make this project successful.
Aiddrops and bounties are promotional tools to introduce projects.  The problem of the success of a project depends on their team in creating whether the project is useful for society or not, and also how their promotion team makes the coin or project become popular and well known to many people.
 This is a challenge for the team to put the project in its best position.

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Re: HODLing Altcoins
« Reply #215 on: April 21, 2024, 11:21:53 AM »
Aiddrops and bounties are promotional tools to introduce projects.  The problem of the success of a project depends on their team in creating whether the project is useful for society or not, and also how their promotion team makes the coin or project become popular and well known to many people.
 This is a challenge for the team to put the project in its best position.
For airdrop and bounty project are successful depend on braveness the developer how to spent some budget for advertising and make investor interested, right now many airdrop want spent much money in the early not only for advertising but also want to pay fees listing on market or add liquidity.
Promotion is most important way with successful airdrop and bounties but many airdrop participants get disappointed with some airdrop delay distribution coins after early listing on the market. Need to find good airdrop or bounties pay on the early for participant and then listing on the market.

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Re: HODLing Altcoins
« Reply #216 on: April 21, 2024, 11:27:13 AM »
By the look on how many altcoins havent reached their past ATH and not even close to it, holding altcoins is the only thing that is left. But to be honest, I consider altcoins only for a short term hold, as on a long distance, I have only negative experience of holding them. To make it simple, I might better say that bitcoin is for holding, and all altcoins are for trading. The risk of holding and profit is in-commensurable for me. I have earned more with Bitcoin, then with holding altcoins. And I would say that it is easier to hold bitcoin and wait for profit, then to do research and try to buy new altcoins.
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Re: HODLing Altcoins
« Reply #216 on: April 21, 2024, 11:27:13 AM »


Offline Learn Bitcoin

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Re: HODLing Altcoins
« Reply #217 on: April 21, 2024, 02:56:11 PM »
You are right, for those who make an initial entry into a coin that will experience an increase in price and become hype, they are the lucky ones. Let's try to remember when Bitcoin was first launched, the price was very low, if at that time we bought Bitcoin and held it until now of course we would be rich. For new projects, this is more difficult because determining whether the project will be successful requires knowledge and experience in analysis

We cannot compare today's market with the market of early bitcoin days. The market was tiny as hell and there was almost nothing as a crypto market. I don't know if there was other cryptocurrency besides Bitcoin, but Bitcoin was too unique and some people had trust in it when they saw the whitepaper and the technical explanation from Satoshi.

Compared to this, today's market is too big and there are a lot of alternatives. You don't have to invest in any coin that launches on the market. You have to do your own research before you invest. Check the usecase of the project first and then invest. Do not invest just because some others did the same.
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Re: HODLing Altcoins
« Reply #218 on: April 21, 2024, 03:54:46 PM »
Holding altcoins becoming a pain in the ass at this moment. Some of my locals have bought some Altcoins that have some potential to give 5 to 10x ROI in this bull run, but they are suffering huge price manipulation at this moment due to the war and the Bitcoin price correction. Altcoin is not for long-term investment. If people want to make money out of the altcoins, they should buy only the top ten coins. These top ten coins will be able to recover in the future even if they go down for a short term. But people are investing in come name less coins that has no fundamentals and suffering now. I hope the bull run recover their losses.
Good advice, if you want to buy altcoins, the priority choices are the top 10 coins. In terms of popularity, it is clear that these coins are very popular and the chances of returning to ATH are greater if Bitcoin experiences an increase. but if we choose coins from new projects, the risk is very big because they have not been tested by time

Investing in altcoins for long term is risky but if you invest in top 10 ranked coins it can make you profit in future. You can invest in all the altcoins that are ranked and popular in CoinmakeCap.  When these coins grow with Bitcoin you will surely profit that's why you should choose good coins. Of course you will benefit when the altcoin markets are pumping a lot more when Bitcoin is at peak ATH. And if you choose a new coin to invest in then it is definitely risky, if you invest in them for a long period of time you will face loss. New products are always pumped for a short period of time and then the market price drops too low, in which case you lose your money. So before investing in altcoins you need to check the good coins that have a future, if you invest there you won't face any loss in the future. And altcoin investment is already risky that's why you always have to focus on good coins and if you invest in good coins only you can avoid loss.

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Re: HODLing Altcoins
« Reply #219 on: April 21, 2024, 10:01:43 PM »
Now Altcoin holding is better i think. Bitcoin price is now very high. From here Bitcoin price increase 100%,or 200% is impossible within short time i think. But Altcoin is better for hige profit i think.

So i think it will good hold altcoin. I believe if anyone buy Altcoin and hold it he will be huge profitable for him.So holding Altcoin is better there has no doubt.

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Re: HODLing Altcoins
« Reply #220 on: April 21, 2024, 10:22:57 PM »
Now Altcoin holding is better i think. Bitcoin price is now very high. From here Bitcoin price increase 100%,or 200% is impossible within short time i think. But Altcoin is better for hige profit i think.

So i think it will good hold altcoin. I believe if anyone buy Altcoin and hold it he will be huge profitable for him.So holding Altcoin is better there has no doubt.

Holding altcoin is always a good option since the altcoin season is not yet come and altcoins and tokens are too volatile compared to Bitcoin.
If you see Bitcoin increase around 3% altcoins or tokens increase more than 30% only if you are lucky to hold a coin or token that you know will skyrocket but that's pretty risky to hold you know if it fails to increase it would die gradually so make sure to always DYOR and always check the news and updates about that altcoin or token so that you can action right away if there's some bad news about it.
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Re: HODLing Altcoins
« Reply #221 on: April 22, 2024, 03:14:36 PM »
Now Altcoin holding is better i think. Bitcoin price is now very high. From here Bitcoin price increase 100%,or 200% is impossible within short time i think. But Altcoin is better for hige profit i think.

So i think it will good hold altcoin. I believe if anyone buy Altcoin and hold it he will be huge profitable for him.So holding Altcoin is better there has no doubt.

Holding altcoin is always a good option since the altcoin season is not yet come and altcoins and tokens are too volatile compared to Bitcoin.
If you see Bitcoin increase around 3% altcoins or tokens increase more than 30% only if you are lucky to hold a coin or token that you know will skyrocket but that's pretty risky to hold you know if it fails to increase it would die gradually so make sure to always DYOR and always check the news and updates about that altcoin or token so that you can action right away if there's some bad news about it.

Dont how to reply on such a post, when part of altcoins that I have bought in 2021-2023 still havent given me any profit. It sounds that it is a miracle if Bitcoin price makes 3%.  While I have few dogecoins that I have bought at 66cents per coin in 2021. It was during altcoin season. So when I see dogecoin price today as 16 cents, I want to ask those who say that altcoins can give 200% profit, or "tokens increase for more than 30%". Where are my 30-200%? I've done research. Dogecoin is not a trash altcoin that will disappear in a year. That is just one example.

When people say that holding altcoins can give huge profit, would you also give example of what and when you have bought. Because without it is sounds like shaking air.
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Re: HODLing Altcoins
« Reply #222 on: April 22, 2024, 03:36:37 PM »
if you choose a new coin to invest in then it is definitely risky, if you invest in them for a long period of time you will face loss. New products are always pumped for a short period of time and then the market price drops too low, in which case you lose your money. So before investing in altcoins you need to check the good coins that have a future, if you invest there you won't face any loss in the future. And altcoin investment is already risky that's why you always have to focus on good coins and if you invest in good coins only you can avoid loss.

Unfortunately, people choose risky coins to make maximum profit out of it. But then again, they regret doing that when their coin does not reach the desired price range. Most of the new projects fail to attract investors and their projects also do not grow according to their road map. If you invest in a coin that has no use case, it will fail eventually.

People with average knowledge cannot research a project properly. So, they should not invest in a random project. If they want to invest in a project, they should go with the top ten coins on coinmarketcap.
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Re: HODLing Altcoins
« Reply #223 on: April 23, 2024, 05:57:24 PM »
if you choose a new coin to invest in then it is definitely risky, if you invest in them for a long period of time you will face loss. New products are always pumped for a short period of time and then the market price drops too low, in which case you lose your money. So before investing in altcoins you need to check the good coins that have a future, if you invest there you won't face any loss in the future. And altcoin investment is already risky that's why you always have to focus on good coins and if you invest in good coins only you can avoid loss.

Unfortunately, people choose risky coins to make maximum profit out of it. But then again, they regret doing that when their coin does not reach the desired price range. Most of the new projects fail to attract investors and their projects also do not grow according to their road map. If you invest in a coin that has no use case, it will fail eventually.

People with average knowledge cannot research a project properly. So, they should not invest in a random project. If they want to invest in a project, they should go with the top ten coins on coinmarketcap.
Good advice if you want to invest in coins that have less risk, we should invest in the top 10 coins. because this coin has been proven, it still exists and is valuable today. New coins carry a lot of risk, but if we do good research and can make an analysis of the project for that coin, we also have the opportunity to make big profits from that coin.
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Re: HODLing Altcoins
« Reply #224 on: April 24, 2024, 05:08:24 AM »
Holding altcoins becoming a pain in the ass at this moment. Some of my locals have bought some Altcoins that have some potential to give 5 to 10x ROI in this bull run, but they are suffering huge price manipulation at this moment due to the war and the Bitcoin price correction. Altcoin is not for long-term investment. If people want to make money out of the altcoins, they should buy only the top ten coins. These top ten coins will be able to recover in the future even if they go down for a short term. But people are investing in come name less coins that has no fundamentals and suffering now. I hope the bull run recover their losses.
Good advice, if you want to buy altcoins, the priority choices are the top 10 coins. In terms of popularity, it is clear that these coins are very popular and the chances of returning to ATH are greater if Bitcoin experiences an increase. but if we choose coins from new projects, the risk is very big because they have not been tested by time
I agree with you, if an investor wants to invest in ALT coins he can invest in any one of the top 10 coins in the market or multiple coins. If an investor uses CoinMarketCap in this case, he will easily know about the top ten ALT coins. If an investor invests in the top ten coins of CoinMarketCap, his investment will be very safe and he will be able to hold this investment for a long time with relatively less risk. In investing in ALT coins many times we make mistakes that we don't invest in the right coins which results in our investment suffering a lot. If one invests in the best coins then the chances of such damage will be very less.

 

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