Some Risks Of Hodling Alts for Long-Term

[Zed0X]

• 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.


I've posted a similar topic in other forums

[bountyecrire]

"You might miss swaps and end up holding worthless tokens"
generally you do have a chance to swap later on, even if you miss. But of course we should be aware of the Roadmap of our coins. That's why I think we should find a few coins that have really nice potential, and go for them.

[masterrex]

The risk is always there since you choose to hold and speculate that one day your coins/tokens holdings will be more expensive than the recent price when you bought it and all you mention are also included  the risk assesments of holding cryptocurrency. thats why im stop holding cryptocurrency too much when i personally experience my massive portfolio drop way back 2018.

[Zed0X]

"You might miss swaps and end up holding worthless tokens"
generally you do have a chance to swap later on, even if you miss.

Most projects do swaps for a limited period of time.The "miss swaps" in this case literally means missing the deadline to swap. That means there is no "later on".

[Pegasus]

Some good points that you listed here. Generally, I don't hold any altcoins for long term cause to me, altcoins are for trading only. The only exception is ETH. Back to the topic, I once had around $30 of Cybermiles tokens (CMT) on my MEW. They're obtained from a short bounty. Back then, CMT released mainnet and I missed the swapping time. Now I'm still holding a bunch of worthless tokens.

[Octoalts]

That's right, and that's very important to do.  If we hold a Coin or Token then we must be diligent to see the coin information in the Telegram Group, because I myself have experienced it.  I was late in doing swap, and finally I lost the opportunity to get money and the coins that I saved were only garbage that filled my wallet.

[gurunanakji777]

Taking risk in the crypto market can be more fruitful as we all know but there is no guarantee we can be successful in taking risk everytime. On the other hand one should always check social media channels to track the recent updates about their coins if holding for long-term. Even one can sell their coins when he/she get good profit from his/her coins

[ZionRTZ]

The third on the list happened to me on Bittrex, I was late to read all their previous emails and notifications.

Numbers two and three usually happens to holders who abandon their tokens as if they were dead. It's a common mistake by airdrop and bounty hunters.

[Claus]

I always say that crypto business is very risky. But these risks come along with great opportunity, who knows? That's why its always important to choose wisely the coin you want to invest. However, if you are unlucky, then its otherwise. Some risks of holding altcoins for long term is that you might end up holding shit coins and waste time, resources and great opportunities you might have had.

[Brandon]

I don't have big capital altcoins in my portfolio I pick up some good privacy coin projects and bought them from the bottom and they give me around 40% in a week and I'm out with that now I'm looking to buy them again. I think instead of buy altcoins and wait for months or years it is better to buy low cap coins like Ryo, beam on tradeogre and get out with small profits.

[I-Bit]

It is only for small or new altcoins. I have already experienced it, holding new altcoins ended with dead / no value coins. But if you choose top altcoins, I assume it will be safer and rarely to see delisting or ended with dead coins. You can choose altcoins like Ethereum, Ripple, Cardano, etc.

[Goodcat49]

It is only for small or new altcoins. I have already experienced it, holding new altcoins ended with dead / no value coins. But if you choose top altcoins, I assume it will be safer and rarely to see delisting or ended with dead coins. You can choose altcoins like Ethereum, Ripple, Cardano, etc.

Well, you're not completely right , look at the ETH or XRP price year before and now. And look at the BTC.

Ethereum was 500$, XRP -0.5$ and BTC -6.5K

[zilzylian]

I think The developer will contact you via e-mail and e-mail registered in the crypto exchange that token swaps, the developer will give holders a long time to exchange if they do not hold the token in the exchange wallet
so I recommend all my friends to join the telegram group announcement or subscribe to emails from every token they have

[sampoerna]

• 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.


I've posted a similar topic in other forums

You are right. Those three are the minimal risks that we may get when holding altcoins for a long-term period. However, if we know that the altcoins are very promising with real product, we may get very big profits.

[tonymillions84]

THIS has affected me and i miss withdrawing my Mobis token from kucoin. i remembered missing out on A Token genbby token and it caused me much. i think it of No use holding token on the wallet. keeping it on exchange might be better some times not all.