Some Risks Of Hodling Alts for Long-Term

[trauchot]

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.

[Coin63@]

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.

[Luckyperson21]

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.

[shadowdio]

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. 

[Zemytha]

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.

[Confero]

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.

[Fenix]

• 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.

[Jaephoenix]

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

[Noverteno]

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.

[corr]

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

[Andruha1993]

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.

[tonymillions84]

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. 

[Vx1]

• 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

[Delgboke]

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.

[alstevenson]

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.