Bitcoin Forum

This is based on my own experience as I still have any altcoins in my wallets right now and I don't want to sell as their value is just a small fraction compared to their ATH. I now realized that I should have sold them when they get into their ATH and use the funds for other endeavors that can produce more stable income or profits. We are in a very volatile and treacherous market and personally this is not suiting my personality as I am not a big risk taker myself. There is a big possibility that by next year I will be taking half of my attention and time to other ways to make money online since I can sense that there can be a coming realignment here that can shake the whole industry akin to the DotCom meltdown.

What is your experience with altcoins and cryptocurrency in general? And are you still a hard believer in the future of cryptocurrency?

All investment markets have huge risks, but I feel the same. Now, the altcoin is not suitable for long-term holding, because the market has been in a bear market and there is no sign of a bull market. Long-term holding of the altcoin is not only difficult to earn profits. More likely to suffer huge losses!

It's your fault because you were not selling your altcoin when the price at peak. Remember this just try to go out as fast as possible when you are getting a good profit. I still hold some altcoin but  it's just the matter of time until there will be another jump. you can sell your altcoin right now

I totally agree. The alt coins can be very profitable but you have to know to sell them at the right time. The volatility is much more greater than BTC even 10 big alts. By the way, I think Ethereum is the most stable (and also good profitable) coin after tether.

Holding altcoin in my experience needs more patience than bitcoin. Only because it worths more if you can wait for this project be completed and be known/hype. I have more alternative coin in my hands than ever and don’t want to sell it at this time. The bullish run will soon come and I don’t want to waste my coins for small cash and benefitted the whales.

Like the bitcoin you can see the altcoins price also in the same view. There are plenty of the member invested on both the btc and other alts mate. If you invest on ICO project some time you need to wait for 6 months also see the fund you invested mate.

Actually you need to bear for sometime mate and with in that time all the cryptos are bumping more than in the market mate.

I am lucky to get to know crypto this year and when I enter the market I get all the assets at a low price. I will hold it for long term and I hope to get high profit in the future.

I believe that crypto can be a problem solver and blockchain will be used in all fields in the future.

I agree but you can't make profit in a bear market even if you hold the best altcoins, also all altcoins are on the way to die so you may end up with nothing while proudly holding.

I agree with you. I think that the altcoins I am holding are slowly dying. I have been expecting them for the past few months, but now I am very worried about their future. Altcoins now seems to have no future.

I agree mate. I have invested also in bitcoin and more or less the pricing of both have same movement not all, but majority of crypto coins. I can theoretically say that I’m one of those person who are most patient than any other members and my wallet can surely show that. I’m holding both bitcoin and altcoin now without any intention to sell it in a low price.

Yes, I'm still a big believer. The price drops this year have been a response to the mega rise at the end of 2017. I don't think that crypto is in meltdown. A big correction was necessary, and is healthy for long-term growth. The market has now twice bottomed at around $250 billion, so there is plenty of resistance against further drops. I think we will see green again shortly, and that the pattern year on year will continue to be price increases and overall growth.

I have a very strong believe in the future of crypto that it will grow higher and become accepted globally and that is why I till invest and hold my coin and even altcoin to increase my earning in crypto. Holding altcoin especially profitable ones can be very profitable if you have very good knowledge of how long to hold and you should also know when to sell especially when the price is high enough for you to make reasonable profit.

holding altcoins has NEVER been profitable ever in the past 9 years that they have existed. none of them had any real potential of rising in the long run and they all disappear eventually because you can't really pump and dump the same thing for eternity, there will come a time when you can no longer pump the same thing.

times like last year that the pumping cycles last long always mislead newbies into thinking two things: altcoins are good holds and thinking they are good traders. but when the pumping cycles end they always face the reality that altcoins are best for short term trading and also they are terrible at trading.

It is nature of market we are, the most important thing now is to hold the right projects, most people thing the bull market would last forever but we now see that market is in circle. This is the buyers market and we need to keep believe in those projects we are buying into. Mostof these tokens won't regain their ATH prices again because the price dynamics is changing

you should know what to holding bruh ?
the main thing you sold when it pump, take profit and run, or hold entire left coin wich wont affect even it drop to 0,  :D

the definition of holding is sitting there and waiting for things to play out until the right moment instead of wrecking yourself guessing trades. if you're doing that then you should set prices where you're ready to sell and stick to them no matter what.

that also means not dumping at a loss when things are looking droopy. if you hold for long enough and you've chosen the right project then you'll be fine. people who paid 50c for ETH or 25c for XMR will concur.

You want to get a quick profit in a very short period of time. And you know that many altcoins took more than 2 years to gain their popularity and grow well in price. If you are not a patient person, then the cryptocurrency market is not yours.

you shouldn't confuse the "future of cryptocurrency" with "future of altcoins" or in other words the "existing altcoins". so far the altcoins that we have in the market are a bunch of pump and dumps. there are good projects that aren't even in top 20 coins but they are being ignored because big bloated altcoins are taking all the attention.

the future is going to be the same as long as people want pump and dumps instead of good coins.

Altcoin need 2 years more? what is the speculation it is mate. I want to invest on the altcoin and get the profit after two years in the sense why people should come to cryptos bro. According to me you are completely wrong. Mostly people will be go to invest on the good altcoins which is been top 10 ranked coins mate.

If you think those coins are really shit it may grow after 2 years only. Please check the growth of the altcoins from its scratch. Its value is grown more than 200 percentage in each coins bro.

It depends what you mean by profitable,

If buy bought mass NEO for 16c each, and you are generating 1 gas per 100 you hold each month, say you have 10k NEO, your generating over $1000 a month for free.

If you bought NEO at 160 dollars, then the Gas will not offset the market decline I agree

Reading the OP it appears as if you know when it's ATH... The thing is you don't know it's ATH unless it is done and dusted.

In 2010 30$ was BTC ATH... Now what?

Holding altcoins are always profitable in crypto currency because all the peoples are expecting good growing coin in short period.
But short term trading is really unpredictable so long term holding is profitable investment. This year many holders only safe to run in the investment.

Altcoin was never suitable for long term holding, even if not all of them, but most of them and that is why a lot of people who buy at the peak always end up complaining a lot.

The altcoin market is filled with a lot of pump and dump coins and tokens since there are so many of them with no product and a lot of them also with product is still not being used well in real life and that is what would bring about sustainable demand and rise in value for some of them with product and until then, it is more of buying the dip and looking forward to the pump.

There are very few coins that can grow in value after entering the market, since most coins after entering the market fall very much in value and are traded below the price of ICO. We will not see much growth soon

sorry but it is bullshit. altcoins are still very profitable. if you think you can be rich in a few days, there is no way. there is no such an investment in the world. but check the rates of 1 year ago and check nowadays prices. you will see they are enough profitable.

The idea of selling is in profit or called profit taking as it is not necessarily that the price is always uptrend its impossible. With your current lose and experience at least this time you realize that it is not profitable to hodl yes it is not for this market. Hodling is for bullish market and bear is buying time again.

Common mistake, not knowing when to invest and when to harvest your profits, better to analyze those factors then decide if you are capable of finding those information that you need to make sure that you are in the right path, knowing and gathering ideas is very important to set your position from this volatile market, this is the attitude and skills that traders should have.

I still believe to cryptocurrency and I believe once I hold it for few years I will earn more money. But not all altcoins are good to hold because most of them are not potential but if you have potential altcoin your  potential also you get high profit is very high also. Altcoins is good opportunity to earn money .

I still firmly believe in the future of the crypto currency, and it seems to me that you have in vain raised a panic. Now all prices are falling and this is perfectly normal, after such a sharp and rapid growth in 2017.

They are not thinking about that and they thinking crypto was starting from the top and it goes to the bottom lol
I have seen it so manytimes about the price of crypto gets dump from the manipulators. Crypto was starting from the zero value (BTC) until it was having more than 6k value right now.

its human nature which dissatisfied with what has been achieved, if they can take more  so why don't made it more with easiest way? most of peoples will have the same opinion to take profit as high as they can. You know very well the risk of cryptocurrency investment: market volatility, someone can manipulate the price or even dump or pump it with the blink of an eye. This can be very good and very expensive experience for us to always be thankful with what we got.

Half right. Only profitable if you know when to sell.
People get too greedy sometimes. They see the price going up they still hold, but the crypto market doesn't go like the way many holders expect. You want to sell here and there to take some profits and reduce risks. You can't hold forever.

I think that it is more than profitable if you invest on the right coins and not on shitty ones, well, it is all upto you and your investments skills, but for me, investing on the top 5 coins is the best thing to do

And what are you going to do? sell at a very low price?, better have them there forget about them for a while and let they be able to surprise you in a few months, remember that the value of the altcoins is linked to the value of the bitcoins and so far is stabilizing a bit and if you wait a little more and go up, you can foresee that the price of your altcoins will go up too.

This is a speculation is wrong if in my opinion. altcoin continues to increase and order nice even development for the future. This is supported by a large number of technology also makes the higher altcoin. so, of course, invest in altcoin and hold in the long run will produce bigger and more than that can be estimated.

Its always depends on the potential of the altcoins that you have mate, it's true that the most altcoins are just good for short term investment. But there are some altcoins that has a great potential in long-term investment and also in short term, just like ethereum. We all know how reliable and profitable is ethereum since its started, and until now it's still on the top of all altcoins and always second to bitcoin.