Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Zed0X on July 03, 2019, 12:27:02 PM
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- 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
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"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.
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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.
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"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".
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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.
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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.
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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
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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.
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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.
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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.
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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.
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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
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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
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- 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.
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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.
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Yes, until now I am holding the dead coin because of my newbie days, i tend to hold more coins and wait for the signal of the team to sell it, but it literally just not to dump the coin, I lose many chances to earn some profit.
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There is some degree of risk attached to every crypto activity, starting from crypto mining, project development, investment, trading, holding, gambling etc. Concerning holding, it must be understood that not all altcoins are worth holding because not all these coins on the market are capable of surviving. This calls for the necessity of the investor to do personal researches on the project in order to ascertain the authenticity level and capabilities of the coin before deciding to hold.
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Yes, honestly i am one of those person who holds some alts that are delisted, turn into dead coin and shitcoin. This is because i am confidently with the token at first that is why i holds in a long term.
This is my lesson to monitor and select a good coins or token i my portfolio so that it will not happen again.
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That's why giving more time and attentions specially on the coins or tokens that you're holding because there might be something will going to happen. On my experiences holding some alts most of it really turning into either scammed or the team abandoning it.
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- 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
that's your take and personal opinion. If you hold a good potential altcoins you will not have to be worried about how long you held it. You should see many altcoins doing very good which have lasted some years now and is still doin very ok
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that's your take and personal opinion. If you hold a good potential altcoins you will not have to be worried about how long you held it. You should see many altcoins doing very good which have lasted some years now and is still doin very ok
These are not personal opinions but observable facts. If you took time to read the previous comments, you'll see that many experienced them as well. These "good potential altcoins" you are referring to may end up dead in a year or two OR the team can decide to move to another blockchain or mainnet.
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I have also missed several opportunities to follow few of my coins swap to other contracts. I think this is a lessons for many of us that had falling victim of holding coins without getting information about these coins.
It is good to follow up any coins that you are holding for long time to loosing out on any eventuality.
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One of the risk of holding alts, if its being used for pump and dump scams. If someone pump the alts took their profits and dump it later.
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I've been hit by a problem like this a few times because I ignored the news from the project channel that I was following was very sad because I had to lose money and save too long a token or coin in my wallet
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One of the risk of holding alts, if its being used for pump and dump scams. If someone pump the alts took their profits and dump it later.
Well, it 's more like shitcoin problem. No one really gonna pump XRP or ETH, it's too much money to pump.
Shitcoins investments it's always a risk.
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The risk of holding your altcoins for Long term could be that if the coins turns out to be a scam project even while is listed in crypto exchange this are the major risk that are common with some crypto project I think that's why we must be watchful to early sell if we see our coins make any move of increasing in price value because the major reason of holding is to make profit.
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"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".
every step or activity that we take must be at risk, so do the decisions we make to enter the world of cryptocurrency, we must all know what risks we will experience, so we must often share and participate in discussion forums in crypto, so that we know developments that occur and can anticipate a higher risk.
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The bottom line is do not miss anything! I have coins that less performing or shall i say, sinking coin almost dead. I see to it that ill be updated everytime, this type of coins needs more attention of the holders because anytime this coins will collapse. A minute dropping by their telegram channel is not a waste of time. I'll see to it that everyday I got a time visiting even if is almost no conversation all.
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The bottom line is do not miss anything! I have coins that less performing or shall i say, sinking coin almost dead. I see to it that ill be updated everytime, this type of coins needs more attention of the holders because anytime this coins will collapse. A minute dropping by their telegram channel is not a waste of time. I'll see to it that everyday I got a time visiting even if is almost no conversation all.
Yes, if the team becomes too silent in their official telegram group, you need to be careful. There are many worthless coins that come from failed projects. We must take attention to those coins, or maybe just sell them if they are already had good enough values.
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If hodling us your priority then you should also be ready to follow up news from their media account so as not to miss out on important announcement
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Alright.
Delisted, shitcoins, scams, not valuable tokens, not listed coin on exchanges, and big volatility may be the risks of holding the coins for the longer time period. Moreover is about the end of being the dead coin. This hurts.But we know the risks and we are brave enough or not to take the risks.
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For too long, you can hold those altcoins that are developing, if you see tokens from those companies that are currently developing and constantly releasing various updates, then you can without thinking hold these tokens.
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I think holding down an altcoin for the long term can be very profitable and a bit of a risk, I believe that someday altcoin will have a better price and soar, and even you can get a big profit from holding altcoins, and choose a large altcoin to hold, because I think it's better for the long term.
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I think holding down an altcoin for the long term can be very profitable and a bit of a risk, I believe that someday altcoin will have a better price and soar, and even you can get a big profit from holding altcoins, and choose a large altcoin to hold, because I think it's better for the long term.
Unfortunately, many altcoins, after getting into our wallets, never fly up in price. However, I agree that investing in altcoins is quite profitable, it is only necessary to at least slightly understand their projects and have information about their prospects. Even if some of our investments are successful, our costs will pay off and bring good profits.
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Yes you are totally right my friend.
I see that some of my coins from 2017 are inactive - dead.
I also missed a couple of swaps and lost my tokens. How can I keep track of them all???
Delisting also made me lose a little money...
Holding alts when there is a bear market is wrong.
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I missed information about swap tokens and was late in selling when holding coins or tokens, this was very tiring when I could not see the update of information and left the crypto market because my work outside was crowded. But from there I could learn the importance of information from each token. or coins that we invest
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I don't think there should be any severe risk attached to altcoins held for long term because it is always assumed that before an investor chooses to hold a coin for long term, the investor must first perform a thorough study about the coin in order to ascertain the authenticity and capabilities of the coin. Once this is done, the coin in possession will only be subjected to minimal risk levels.
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I don't think there should be any severe risk attached to altcoins held for long term because it is always assumed that before an investor chooses to hold a coin for long term, the investor must first perform a thorough study about the coin in order to ascertain the authenticity and capabilities of the coin. Once this is done, the coin in possession will only be subjected to minimal risk levels.
You can minimize risk 1 as stated in the OP but a thorough study alone won't save you from risk 2 (token swaps). I've seen it happen to investors a couple of times already. They've invested in a token they believe has potential, held it for a long time, but never followed the news. Not following the news/updates while holding long term is a severe risk.
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Well some good information you have posted.. i read it.. i dnt have any altcoin.. recently i exchanged from OSS company...so now i have empty wallet...
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I've experienced the bad stuff of keeping alts for long term on exchanges. I had some alts before but too lazy to move it from exchanges to my personal wallet and the exchange was shut down and I am not able to recover it. The other risk if their is no volume and the alts will eventually die.
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Yes, unfortunately, it's true. Alts often just fall with time, just a few of them rise.
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Its very good ideal to hold altcoin with adequate information. And beside following them on all social media platforms, get to know some of the team members of the project and get yourself farmiliarized with them for adequate information.
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Yes, unfortunately, it's true. Alts often just fall with time, just a few of them rise.
That happens for shit-altcoins. Most of them are new altcoins. So, it is one of the reasons why holding new altcoins is very risky, even it also happens for some old altcoins. Because of the risk, we need more careful in analyzing an altcoin to choose for a long term investment.
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It is necessary to carefully select those coins that are held for long term. A lot of coins quickly complete their life cycle, unfortunately. And only the most stable platforms remain for a long time.
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It is necessary to carefully select those coins that are held for long term.
You are right. When we want to have a long term investment, then choose the most potential altcoins only. Be careful and more selective to choose because there is a high risk for holding low volume altcoins. I think there are many options/choices for good altcoins. Just find out them with good research.
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if you hold a longer token or altcoin, for me you can also really be able to choose coins or tokens that have many benefits in the future, so I'm sure you will also get a good profit
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Yes, we have a tendency to hold altcoins due to altcoins and IEO are way forward for investment. Like moozicore is admittedly fascinating project I invest in moozicore and that i recommend you to take a position in Moozicore.
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What OP tells above are the possible results of holding altcoins, commonly for new altcoins. I think for old altcoins like Ethereum or Ripple, the possibility to end with worthless coins is rather small. They have been already popular and kept by many people. So, they will always trade them on exchanges.
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Keeping an altcoin in the long term depends on several stages of the market, and the more markets develop, the more new coins with better applications are born, so keeping altcoin in the long term is quite risky.
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I think it is an obligation, it is not possible if we invest but do not follow the development of the project, this can make the tokens we hold become worthless.
if my advice is personally holding 3 to 5 coins and keeping up with the news every day, this is good for cryptocurrency holders.
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For the moment I have one similar coin which seems dead already and the developers have left it. The coin is called. The coin has fallen to the bottom. It is tormented by 1satoshi. In fact, nobody is insured from what can completely lose money on some coin, because the team will throw project. As for the stock exchange, so as not to miss the moment of removal of a coin, then simply follow the support page which coins will delete or follow the official Twitter page. Although there are decent exchanges that announce the removal of coins by e-mail
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i have a lot of shit tokens in my wallet. i am certain that most tokens i hold had a successful swap and also were about to send me the new token automatically to my account. currently the issue Now is tokens that got swap in the binance chain. i have been unable to swap those and it could be a problem.
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I just no way feel safer when it comes to hodling at all. As I feel it’s so much better and comfortable for one to go for direct trading and I do just that only. With doing it through quality Crypto Broker (https://cryptolinks.com/bitcoin-futures), you don’t get stuck and still you could do long term trading. I am not just saying this out of how I feel but a lot more to do with my own experience around these things and after that I can say this.
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I have that experience when SWAP from coins changed to Smartphone wallet.
I missed that and I am now disappointed with the incident and this makes my coins that HODL for the long term now has no value in the market.
It might be better for me not to mention the coin because this is proof that I have been disappointed to be struck by them!
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it's true that holding an altcoin coin sometimes has a lot of risk if the coin is left by the developer, but in my opinion if you want to hold the coin altcoin you should hold large coin coins like ethereum or ripples.
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I think Ethereum,XRP, bitcoin cash,Tron, stellar,Ada,waves, bitcoin diamond,nano and bnb are best coins for long-term investments because these are potential and safest coins.I believe if you can invest these coins you can get profit in the future.
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Token swaps are most often the case for me, sometimes assuming swaps of tokens are worthless
and vice versa, all need lessons in all activities.
until good or bad one action there will definitely be results
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Yes, the biggest risk is the altcoins to be dead coins. There are already many examples of dead altcoins because of low interest from investors. If I am investing in an altcoin, I mostly set it for a short term investment. Holding for the long term may result in nothing.
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you should choose the good altcoins because if you want to hold a bad currency in the long run it may devalue and you lose everything
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before investing for a long term period, try to doyour research and is not advisary to hold tokens for long term investment. go for the coins that has the highest market volume, so as to avoid loss in the future.
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I also hold a few dead coins, finally my collection of tokens and coins to date. maybe one day it will rise and only a miracle can change. Confidence always approaches me to believe that it will rise.
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I hold my assests from beginning 2018 to till now... Some altcoins never pumping though I hold them at high rates.
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I hold my assests from beginning 2018 to till now... Some altcoins never pumping though I hold them at high rates.
Really? Is there an altcoin in 2018 that has been pumping from youre asset? I wonder what tokens or coins would it be? I am not sure how to put it into saying, but most altcoins probably new projects of 2018 has been missing in action now, or already dead. Yes many projects have not survived the calamity of bear market. If youre gonna hold altcoin make sure its one of the best or at least those projects in cmc that is ranked from 1 to 20. These top coins have huge market and have some walls of demands compared to new ones.
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You can hold any altcoin, but you need to do it wisely, because 99% of altcoins will disappear and will die after some time, and therefore you should not miss this moment and sell your altcoins in time, therefore, you need to constantly take some time to check each altcoin.
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I think the main reason why some people are holding their coins is because some of the coins are not yet valued in the cryptocurrency market, is not because they just want to hold although is not bad to hold coins for long term just need to be calculative on when to sell. Some coins take longer time to grow as for me some of my coins are the one I got from bounty project so some of them are not yet listed in crypto market that's why am holding.
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This is the facts of holding coins in the long run. Dead coins due to abandoning of project team developer., Project can't stand the.pressure of competition and among others. But we are a risk taker! If it's dead then it's dead! No worries.
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- You might miss swaps and end up holding worthless tokens
That 's the main risk, I think. Many consider altcoins unnecessary and think they are unable to compete with Bitcoin. But it 's not. The most reliable altcoins from the top - 100
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Infact so many people lost a lot because they are not aware of the news about swapping of some token they are holding why some have lost because the token they are holding got delisted from an exchange. We must learn to follow up on community group and social media.
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Infact so many people lost a lot because they are not aware of the news about swapping of some token they are holding why some have lost because the token they are holding got delisted from an exchange. We must learn to follow up on community group and social media.
This is what happened to me and I lost thousands. I hate swaps. They should allow you to make swaps no matter what. Now I am careful and refuse to hold onto coins for too long. Why they having swaps anyway is what you need to ask yourselves. i have learnt my lesson about holding onto coins for too long. I will now sell them when they are worth enough to me.
When people ask if they should sell their coins they should if the amount they get is a lot to them. If not then hold.
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That's right, when we hold a coin then we have to follow the news of the coin, at least once a week we enter their social media group, be it the Telegram group or others. Because I myself have experienced it, holding coins and know if there are announcements for swap tokens. Finally I was late, and all the tokens that I hold are no longer valuable.
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Investing in tokens through ICO is considered riskier than venture investing. However, despite this primary placement of tokens allows to attract huge amounts so it is not surprising that this type of investment activity becomes more popular every day
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each project usually has different rules when making swaps.
some are of long duration like 1 year and some are of short duration.
I think, to keep the community members from altcoin who want to swap, it takes a long time so that holders don't feel disappointed.
What I see now is that a good project will always swap by sending new tokens / altcoin with the new smart contact they have.
without exception the altcoin wants to switch to a new blockchain such as the Stellar blockchain to Ethereum.
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Most of the gains are made from long term holding. But the problem is that for the information of token swap, one has to be active in the telegram group, due to lack of information there is a loss of losing the token.
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Thank you for the advice. yes, I also did it first before investing but it was still difficult because the 2nd & 3rd month only appeared to be active / inactive in the official telegram group
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When we do hold a coin in the long run, we really have to always update the news of the coin. moreover it is a new coin, because the risks mentioned are absolutely right. And if our opportunity to make a profit or withdraw our money will be lost, if we miss the news, and it will be very detrimental and certainly make us disappointed.
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It is always worth remembering that holding any altcoin for a long time is a huge risk, because anything can happen to any altcoin for all this time while you are holding it and therefore you need to constantly check every altcoin that you hold.
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Holding valueless coins /tokens, nothing can benifits you. If you holding coins in exchanges but they delist coins but you don't care and miss the withdrawal time. Another risk is to contract addresses update but you do not know about it.
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The big risks in long-term holding alts can be avoided if we first analyze the project. Important information on their social media is important for you if you want to buy tokens for the long term. No matter what tokens you buy, as long as you are always looking for information, you will be safe from loss.
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It is really risky holding a new altcoin, it might really dead in the long term. It is better to invest in trusted altcoins that in the top coinmarketcap at least in the top 50, you can make profit for sure. More chances of losing money if you invest in new altcoin.
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It is really risky holding a new altcoin, it might really dead in the long term. It is better to invest in trusted altcoins that in the top coinmarketcap at least in the top 50, you can make profit for sure. More chances of losing money if you invest in new altcoin.
An altcoin with the top 50 in CMC is not necessarily good for long-term investment. In my opinion, the only altcoin which is often used by many people is good to hold in the long-term. For new altcoin, for me, it's profitable to trade in the short term. because new altcoin can still reach the highest price when it is newly registered on the exchange.
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The long-term fear of HOLD is that we lose the value of the tokens we hold. Because sometimes the coins or tokens that we hold in the long run cannot change the price. And of course that will make us lose time. And what you mentioned above is very true.
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- 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
The risks you listed really exist and this so far indicates the imperfection of the cryptocurrency market. Now we have many varieties of tokens in our wallets and it’s rather difficult to monitor the possible changes of each project. Plus add to this the expectation of passing KYC checks on completed ICO projects, during which you need to constantly monitor the news in their telegram groups. It turns out too much practically useless work, which takes a lot of time.
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There is no hard and fast rule involved in crypto, and definitely im not your financial adviser, but my experience says hodling alts is generally… bad news. They may never hit a reasonable ATH. You hodl at your own risk. And you may end up with the bag
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I agree that the practical use of altcoins, and especially little-known tokens that do not have the ability to directly exchange with stable coins, is very difficult, sometimes impossible. This is a very strong drawback of decentralized cryptocurrency. Perhaps there is no alternative to this order, since not all tokens deserve exchange for fiat, they first need to prove their usefulness and relevance.
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There are many risks of holding altcoins for a long time. One of the risks is to keep altcoins for a long time, not on cold wallets but on exchanges. The exchange may delete them at any time or the exchange may close at all. I have been holding altcoins for 3 years now and have lost a lot. These are good altcoins but the market situation is such that all altcoins continue to fall. I decided that I would only invest in Bitcoin and ETH in the future
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I agree with you. Holding coins for the long term is very difficult. Because you really need to follow the news so as not to miss them and not to lose all your invested funds. Therefore, this is not so simple.
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honestly, it is frustrating especially holding tokens that are out of the market. Most tokens in my wallet are useless and have no value because i missed out selling. this has affected my current stand on altcoins. although, i am still holding to much coins that i beloved that have a future.
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- 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
The biggest risk I fear when I hold a Crypto Coin is that the coin does not increase in price or even the coin is lost in exchange
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While holding altcoins and speculating the price dump if the project is not a genuine altcoins or could be aboundoned on the process, there are many risk you can think when holding alts.
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Not recommendable to be an investor in this industry if you will just buy, hold and forgets about that coin/token. Everyone must be updated on the project he invested as this industry is very risky and you might lose all of your investments. And just to be fair, I dont know any type of investments that kind of strategy.
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i am a victim of this isssue. i have hold many coins/tokens hoping and believing there is hope for most tokens but i am highly disappointed. i have chosen to sell off the moment i noticed a good price. no need to hold since it will have no value later. no matter what, i am still holding so coins which i believe that have future. you never can tell. most of the tokens we see today started with 1 or 2 usd before the price move high.
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You are right. the most often I encounter when holding coins in the long-term is SWAP. Although some of the coins that I hold are the result of bounties, at least it makes me disappointed. need a note, I think, to record the progress of the coins we hold. ;D
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I think should explore and select potential Altcoin to hold long-term to replace risky short-term transactions. I believe that HODL is always a good and profitable option,but it also depends on the crypto market.
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We all know the risk in cryptos trading was very high so we cannot expect thing will gonna be alright to hodl long term. Need to choose a good alts for that and the good one always the old one that stay a long time in the market. it more likely will stay and the price might will bump up if the market going wild again.
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there are many tokens that do not have a price in my wallet, it is true that we must be diligent in finding info about the coins we have. so as not to miss the latest info. I don't know if this token might be an antique coin and can be remembered if the project ever existed
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If it's like that, it's better not to hold a coin. Especially if from a bounty payment. Sell. We are not working 1-5 bounties. Even 10 bounties that we are working on. It's hard to check all the progress of the bounty we're working on.
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I don't think that holding altcoins for long term period should don't even supposed to have any risk of holding but just because there are crypto project no matter how their roadmap looks good, it could be aboundoned one day.
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I think should explore and select potential Altcoin to hold long-term to replace risky short-term transactions. I believe that HODL is always a good and profitable option,but it also depends on the crypto market.
I also thought that hold was a good option to make money but for several years I was only losing money on it. I realized that I had made the mistake of buying good altcoins in the long run. If I invested in BTC I would have made a profit for a long time. I invested in altcoins and unfortunately received only losses. I realized that the best option is to trade
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If we are just talking about quick money, then the received altcoins from bounty programs should be sold immediately after listing on the exchange, as practice shows at this time the best price. But if we are talking about investments, then this is a little different - a good profit can be obtained only after a long period of time, not everyone has the patience to wait.
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Lets accept it folks all aspect in the cryptocurrency investment is risky that's why everyone who ventured in these industry should always ready since anything can happen in a short span of time, that's how crypto works, maybe if your purpose is for holdings, trading or investing in ICO,IEO,STO etc. all of it is associated with risk. that's why for me all sides of crypto related investment is a high risk and should be dealt with caution and if you are afraid of losing money then crypto investment is not for you.
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One has to have a lot of patience as far as investing in altcoins is concerned. Markets move up and down ever minute, so there’s no room for panic and impatience if one is thinking to invest in here.
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Noted that those are only applied for non-top altcoins. For the top altcoins like Ethereum, Ripple, Litecoin, or BNB coins seem not to end as you stated above @OP. That's why we need to be careful to choose altcoins for our assets. And we must know that they are good for short or long term assets.
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if you hold a longer token or altcoin, for me you can also really be able to choose coins or tokens that have many benefits in the future, so I'm sure you will also get a good profit
You are referring to bitcoin and some altcoins that strong enough from the day of its creation until now and tomorrow. Profit is not the only motivation why buy and hold.
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Of course if the holder does not know the information about the coins they use for investment. This information is very important if it is true they are confident in the investment they are using for the long term.
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i just emptied my wallet exchanging it with bitcoin. i prefer to hold bitcoin than most alts. they are all shits. many will fall sooner or later and it is a terrible business. instead of holding a token that will make the market better. it ends u been a waste and shit. the reasons are uncountable.
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Sometimes long term investments holding never brings better something for investors. Actually long term investments is more profitable and more effective in Ethereum and bitcoin. I faced a huge amount of losses holding altcoins in long term investments. I invested all my altcoins when it high in market.