Some Risks Of Hodling Alts for Long-Term

[Zurcemozz]

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.

[Domithra]

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.

[Altcolets1208]

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.

[ComeBack]

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.

[OptimusPrime]

• 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

[Zed0X]

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.

[Bobcrypto]

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.
 

[muneerashine]

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.

[abdmuiz]

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

[HomelandPatriot]

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.

[Delgboke]

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.

[Rofiastuti]

"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.

[comer]

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.

[gotbounty]

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.

[Payme21]

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