Bitcoin Forum

• 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.

Long term hodling doesn't mean accept your loss and let it grow like seeds, you need to still somehow keep the project status in your mind updated once in awhile, missing swaps are pure stupidity as I know people might be insensitive just because the money is not in 'fiat' mode. Somehow I ALMOST lost some of my  private keys from months ago, I kept the passphrase screenshots scattered in my pc, you might remember those tokens but don't forget the ways of accessing them too!

I agree with this statements, it is too risky on holding altcoins especially with those altcoins that might get abandoned and if you forgot to follow the updates maybe you would lose your coins because several of alts now are making swaps and some coins also get delisted on an exchange markets. So now we should think twice before making long term investments on alts.

the biggest risk that you forgot which happens to be the most common one is the inevitable dump.
every altcoin out there is going to eventually be dumped after their pump was completed. so in long term if you continue holding that coin you will eventually face that dump and lost a significant portion of your capital investment.

Good tips friend, I also implemented a strategy to always monitor the progress of the latest coin updates via telegram, long-term investment in coins is indeed mandatory for us to know the big news from these coins.

You might forget your private key or wallet or the password and 2FA to the exchange you have stored the coin.
To get rid of all these problems, limit your holdings to 10 coins and keep a track of them all the time. If you want to add one more, subtract one.

Seems like the suggestion intended to new project or the altcoin which is new listed on the exchange. I doubt if the suggestion intended to some altcoins such as ETH, LTC or the top altcoin based on cmc. For those altcoins (ETH, LTC) it's ralely happens to face pump and dump, the price movement only depend on the speculation and some news that comes to them. Indeed, the new altcoin is very vulnerable to face pump and dump scheme, I have seen a loot on the market even its price meet increased price until 6000% just in a few days. It will be good if you hold the altcoin and its price increasing a lot then the best strategy is to sell it.

Holding tokens and coins for long has its own disadvantages, merely based on my very own experienced, ive been holding for a long period of time of some ALTS and ended up being loss at greater value because at the end of the day, it ended up being abandoned by the team itself, so i cannot do anything about it, and i learned from my experienced  that its not too good to hold some ALTS, especially when it is not really an in demand project after all.

But about your second point and isn't it fair? Remember about the team or developers must give a chance for those who are not yet swapping their coin. i thought that if that can't a risk point when comes in the holding altcoin.
Only a few case that related to the point.

Isn't long term holders not that concern about price? They most likely ignore price dumps.

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Dev teams always make announcements prior to the swap and set a time table for swapping. I think that's just fair. From all the swaps I've been into, there are always those who missed it. 

 

This is why hodling too many altcoins is a risk too as you would need to have constant update and price check just to check if your token is still valuable or if the token has already pumped. A good strategy for hodling is having only 5 to 8 altcoins max with the exception of main cryptocurrencies like BTC, ETH or XRP. This is for you to minimize any chance that you can miss an important information about the altcoins that you are hodling.

depends on what you're hodling. some of them can be considered more risky than others and long term hodling isn't a viable option for them but if you're hodling a decent alt that is showing continue progress I don't see a reason why someone can't hodl them for long term if they choose to but again how long term are we speaking of? 2 months? 1 year? 10 years?

yes maybe everything you say is true, but it depends on what coins are invested. because there are coins that are suitable for long-term investment, if investing in the top 10 markets will most likely not be lost or dead. before deciding to invest, make sure to analyze it first.

Very cool post, I've been a victim of missing a token swap to mainnet coin and now it's worthless, about 1000$ gone for ever.  Well, that thought me a real cool lesson, so I can't make such mistakes again.  Now I turn on notifications for the coins I'm holding to avoid any loss. Also I limit my portfolio to few coins in order not to hold so many coins which I can't follow up all updates.

Holding altcoin, if you mean altcoin is on major like ETH or BNB that is not have a problem but altcoin under top 20 to long investment i think that is have a big risk.
The best coin for long-term Investment is BTC and ETH for meso i don't want to take a risk to hold altcoin in long time.

Wallet security is one of the main points that must be considered. In the long term, wallet security is vulnerable to hacking, I think it's better to store and use hardware wallets

Holding a coin for a very long time may end up to be a wrong decision. I have actually tried holding for long and indeed it doesn't pay off. The regret was that I should have sell those coins in the beginning of 2018. There is no point in reflecting on what has happened in the past but it will make people in crypto learn from other people's mistake. Therefore, if I plan to hold any coin for a long time then its going to be top 10 coins according to coinmarketcap.

The biggest risk and disadvantage is that you will miss out on potential btc and eth runs and with experience i have learnt that staying in btc and eth remains to be the best strategy for me in the crypto investment sphere.

I should have sell most of the coins I'm holding now but I refused thinking that they will grow in the future but I'm glad I'm not a relying type so I still keep hunting for more coins ,so I have better ones I never thought I would have today ,not all coins are worth holding for long term

I only keep altcoin in the top 10, so it is safer than holding altcoin, even though the profit may not be equal, but safety is still a priority.

When choosing altcoins to hold for long term be very sure they are with holding ,many teams are just using ideas until they reached the end road and abandon the project, the safer bets are top altcoins either top 20 to 100 and also remember that some altcoins will get to top10 someday ,we still have well made new projects coming up

There are good apps for that if you are using smartphone you can easily keep tabs on your altcoins so that you won't miss any news about future updates or swaps ,just because you are holding for long teem doesnt mean once you buy just lock up for long

OP advice is indeed the fact that holding alt in long-term is no profit guarantee especially on newly launched alt. even though the project that was carried out was quite convincing but many investors preferred to sell after the market did not increase. invest in alt make sure to choose the top 10 cmc or investing to coins that trully work according to what they announce.

Your statement is true but I will tell you that all investments must have risks, whether investing in land, property, banks, all have risks. So, when you invest in altcoins you also have to be prepared with all the risks involved.

the long term should have an alternative percentage of profit or at what price we will sell our investment assets. when it has been reached one of these plans then we are worthy to sell. because the predictions made in the long run are high speculation. we will not know the results.

people just want your money so they are going for the altcoins which are highly risky to invest, I lost my interest and the tokens after lost some money e by investing and few projects so now only keep an eye on the better cryptocurrencies like Bitcoin ethereum and much more we have to focus and also gain profit from it.

All these risks are for those people who hold a large number of coins in their portfolio. There are not many such people and I think they know about all these risks.

on holding your alts yes there's a lot of risks and we cant do nothing about it because it's normal. The situation will be put on 50 50 its can give you a lot of profit or it can lead to your loss. Be wise on doing this kind of things so that it will not happen

The mentiond points are really good.
I would advise all,  along with newbies and old members to carefully follow these instructions.
I also agree to all points of the OP.
I would also like to add into the first point that, while you choose the right coin for holding, do some research and see the growth graph of it. Then only wisely invest in it. Else you will end up in losses.

There is always been risk and benefit in holding coins for long sometime we get profit very quickly in some days and sometime we miss the profit in long term holding because of greed. One should always check their coins updates every week and if you are holding top coins you might get good profit by holding them for long-term.

The worst thing is that you can simply pass the all time high price. Imagine people have bought BTC for 5k USD and did not sell them around 20k. During the whole 2018 BTC was slightly above 3000k and that was painful for such long term holders.

Experience have shown that it less risky holding bitcoin than any other altcoin, at least there will be some level of certainty that the market will recover after sometime incase of a dump situation, but in the case of altcoins, there are a lot of them that are dead already and will never return

The first two are much happening, the 2nd one has happened with me as well once although I didn't lose much, I have seen many people lose because of both of the reason. I think one should regularly check the official channel of his holding.

The chances of one keeping in there wallet is on the increase with the rising project what I do is diversify but not to much. Also keep more of good coin rather than gathering a garden of Shit coins because of its low price

The only risk for investor is that he will lost the whole investment, no matter the reason why this could happen because there are so many possible things what could happen.

A lot of coins I have tried buying before were already in this stage. I can mention some like TAAS and ICN which I have even before the 2017 bullrun.  It already felt like its a scheme for scamming investors who are trying to hold for long term. If this will also happen to the EOS and TRON tokens, we got to follow them forever.

There's no assurance but it's up to the investors to follow the project and try to calm itself while the market from those coins are not been rising, you have to make your decision whether to wait or forget about the project and move on to another one, the market volatility always the factors where investors lose or gained from the market.

Simply be subscribed to the investment news channels. Google writes a lot about the cryptocurrency market and there are even professional analysts.

Those two are still doing great actually. I just need to swap the tokens I got. I regret not selling them during its ATH but if it does happen again, I will have to get it ready, their price is more than its ICO price though.

If you have been here from the beginning of their project and inquire to their thread for once, you will be able to follow them for their thread will always come up when updated. And that's why I knew these two coins are swapping to their updated ERC contract.

yes, agree with you
always up to dates about the last news from the coins on our bag is the best idea
maybe subscribe our email to the project is better if we don't have enough time to check their social media such as telegram, discord etc
so, we will not miss any big news from the project buddy

it's true that I experienced that when I held a coin to invest and when I opened the coin it was removed from the market authors if you knew that there were no updates on telegrams or other social media and finally the token was dead and for now I had to monitor the coin at any time which I invest if I don't want to repeat it again and it will make a loss

hold altcoin in long time is not bad decide.
look ETH, BNB, Cardaoo and other altcoin is growing so good same like Bitcoin.
so why it have some risk if hold Bitcoin is not have a risk.
risk is always be there but how can we control it that will no risk there.

You can also add here, check all your emails. I had a coin that was delisted on an exchange and I was not able to withdraw because I did not see all the notices sent on my email.

it is a risk for long-term investment in new coins. for some old coins that are already strong like ethereum I don't think they will be removed from the exchange list.

This issue will always be relevant. Few people think about what to sell their coins at the right time the most difficult task. This is complicated by the fact that we do not know the market opportunities and do not have analytical data.

I want to ask you one thing, can you can us with your erc20 to show how many tokens you are using right up with your earning or investment buddy. I always love to invest on alts and font mind hold that for long term. If that is really worth it will grow higher in one day when the value was emerging. We always need to be choosy investing on any cryptocurrency.

Always being active on the market will not let us get into risk. Even if we have the worthless tokens or altcoins we can make the right move at the right time. Just because we've planned to keep hold for a much longer time period, we should not leave as it is. This is where people get into risk, and following regular updates will keep us away from loss due to delisting and swaps.

Also we should not stick to targeted profits, it is always good to go with the market. Even after holding long term we won't profit big with some coins on which we could've missed the opportunity to trade in between when the market was progressive.

This is going to happen if you invest on some random new coins. So, if you are want to hold altcoins, then invest on coins that are well known and has been on the market for a very long time. Just make sure you do your research before investing on a new coin.
If you store your coins on an exchange, this shows that how irresponsible you are and you deserve to lose your coins (sounds harsh but thats the truth).

for condition like now even bitcoin price are increased but altcoin price undervalued and if this condition keep running in long time i think many investor or trader are frustated for looking market condition

Any long term hodler who doesn't check in from time to time will have himself to blame because a lot can happen. Delisting, exit scam, price dump and so on. It's best to hodl proven coins for long term than just any coin.

The secret behind the billions of Warren Buffett is nothing but investment and investment in stocks that were not purchased by all out there. So despite the low value addition in Altcoins, you should really invest your trust in it. And there is risk in every investment for you do not know when the market would crash but you have to beat the market cycle and hence crash to make money.

A lot seen cases when people often cry that they didn't sell their coins. Other people, on the contrary, complain that they have a lot of impaired tokens in their portfolio. Therefore, try to visit the expanses of this forum more often and follow the news on the crypto-currency exchanges.

Now generally it is better to refrain from investing in long, as it is better to buy those coins that are included in the bullish trend and then buy , as you can buy the coin that just falls and does not rise.

indeed, fundamentally every investment with a digital currency, crypto and altcoin currencies all have risks and advantages for each and as an investor we must be able to choose any investment that has a low risk and if you are sure of what you invest the greater the risk you get benefits to be gained

Long term hold is only safer if you are holding top 20 crypto coins and tokens ,its even more risky if your coins and tokens are new projects and their will be no guarantee that they will live for long but yet we still have new projects that will make it to top 20 someday ,my advice is to stick with doing better research

I agree, I have several altcoins that have no value because the project fails or there is no development. In addition there is no transaction value on the market that makes the price fall very deep. Indeed investing in altcoin is very risky and we should choose altcoins that have large transactions and traded on large exchangers

Obviously that is true since top 20 has the most volume in the market, therefore the team had the funds and at the same time they are inspired to develop the project further, but please put in mind as well that top 20 could result to less profit compared to the riskier but undervalued assets below top 20.

you are right, it all depends on price movements in the market. if they are unable to increase trade I think it will be an investment that does not make a profit. we must be able to analyze assets that have the highest possible market movements.

There are risks in holding tokens or coins and at the same time there are risks in quickly selling coins and tokens while you can ,this is just normal procedures of crypto ,risks is involved in every corner of crypto

Must be checked once a week. It cannot be just left there to rot for there are a lot of times they change rules or swap it to have a higher amount of tokens.

I have like 10 erc20 tokens which are all dust now. Didnt even saw what happened. Most of them reached the soft cap but yet still got bankrupt.
Another is left in an exchange which now doesnt exist anymore. They say they are just updating but it had been a year.
So those exchange are black holes too. Careful with that. Better make a wallet for it.

Yes, an investment with no profits is likely happen when we hold a coin for a long time and in the end still the coin has less or no value at all and I believe that it is the main disadvantage of long time holding and one thing is the threat of hacking and stealing our coins from our wallet, so I think much better to buy and sell and make little profit every other day.

I do not believe that long-term holding of any cryptocurrency is a reasonable solution. Even bitcoin is better to sell at its highs, and then buy back. If some altcoin at a certain time reached its maximum then it is better to sell.

Perhaps you are misunderstanding a little about hold an investment for a long time. Long-term investment does not mean that you will not be interested in the project, long-term investment is to give information that makes yourself believe that it is a project that will thrive in a few years.

Long term investment it is not mean you hold for a few years a head but it will be better if long term investment be accompanied by the profit which are desired. It's indeed horrible moment when a long term holder not sold their bitcoin at the peak and still hold till this time. The long term investor have to see the price movement it's because really needed and alsk they have to know the technical factors and fundamental factors for the current market. So as they have to sell when the sign price down will be coming up.

No matter how vigilant you are you will once fall as a victim, all you need to do is to decipher the real projects from the fake ones and try as much to do much research on each and every sing project even when it ends and gets traded. 

Base on my own observation, cryptocurrency is mainly for future investment and mostly work together with there road maps, as for a long period of time after buying, therefore, is also good to be updated very important, example: telegram group chatting.

Normally, if you hold too many coins, you will surely not be able to follow them up, except you have them on apps like blockfolio. One of the problems is that, not all coins can be watched using such app, except they are listed on prominent exchanges.

If long-time investments, I think you need to buy good and popular altcoin like ETH, LTC, ... Projects like you say are only suitable for short-time investment, it carries great risks.

even the assets you mentioned are also at risk. all crypto assets are at risk, especially for the long term. it's better to avoid assets with new projects. because even though the project is as good as anything if the market conditions are bad, it also can't make a good price. in long-term investments, of course we not only consider the project, but also the circumstances and events that occur in the future. it can make the crypto market move and not in accordance with our predictions.

 Keeping tokens for a long time in your wallet is dangerous on its own. One should keep on checking the project now and then to make sure the progress and the current condition. Long term is beneficial if you just keep yourself updated regularly and not fall asleep for months on.
Alt coins that are not that much well known should be checked for updates regularly, while with the well known you are allowed to relax a bit.

Absolutely true, I have been a victim of bad holding which is when bagholding goes bad, have a lot of tokens in my portfolio now that have absolutely no value, the painful is that of particular coin that swapped from wave platform to etherium and currently it is having a good value and I missed the swap and now the swapped token is trading with good value. Would have sold when I remembered it last before the swap

The most funny risk rather disadvantage of holding longterm is that some coins you store at the website dashboard is that sometimes we forget the login credentials or pin code and in the worst case we can even forget about the project and coins and never claim the coins from the dashboard.

I do agree with all your point, this is a space that is unforgiven, I have seen several projects that raised more than $20  million and are worth shit now, Sparkster, GoNetwork, Davecoin, HybridBlock to name a few. There is nothing long term in this space move with the market trend and you will be fine

It must be realized that only several altcoins are good for a long-term holding. Most tokens can, unfortunately, crash at any time, and the holder will simply lose everything. Not to risk, work with Litecoin, Monero, Dash, Ethereum.

This is so true. When an investor doesn't really care about the money he invested and he's very confident. He won't have that urge to know the updates of that coin.
As it becomes abandoned, expect that it will become worthless.

risk are always risk we cannot split the difficulties into the different situation if it is comes for short term investment also we need to agree both the long term and the short term investment had definitely some kind of difficulties involved in it but we need to accept it then only we can get some profit after that.

yes i am the one who experienced same thing.my most altcoin died like xcp,nbt,legend and many more.i learnt from my mistake and now only holding strong coin.

We always keep fighting with all the risks of holding altcoins for a long term period. However, we also don't have any idea to sell the coin right now because it really has the low value and volume on the market. In my opinion, as long as the coin has a very promising future, real product, and great team, I don't mind to save and keep holding for long term period with those risks.

yes, this can indeed help to be able to see the progress of the projects they launch, by always checking disputes, telegrams or on social media that we follow regarding related projects of course we can get a lot of information from them. if indeed the project has very good potential for the future, then deciding to hold the tokens we have for the long term certainly can provide many benefits in the future

Do you mean? Shitcoin Alt, Of course, you will get that problem if holding a shitcoin. The maximum holding for shitcoin its 1-3 month more than that was not really good, shitcoin was not a good option for Long-Term investment its like gamble.

But for Top Major Alt would be no problem holding with a long term, I prefer top 100 rank altcoin by coinmarketcap.

Long-term investor shouldn't leave their coin just like that. They should monitor their assets everyday, every weeks, or every months. Also, they must follow the new information about the coin/token that you hold. So, you won't miss any swap or anything.

I think, we can't think long term holding as easy task. We thought it is just buy some coin and see the price after one year or two. When considering with  short term trading, long term holding is hard thing according to me. For that we definitely select top coins. And also we have to be with every news as you pointed.

An investor who wishes to invest for a long term in  crypto must look out for coins with high prospects. I  personally will prefer to make long term investment in any of the top 10 coins rather than investing in New projects whose future is not predictable thereby reducing investment risk. Nowadays new projects are for short term investment.

Of course there are risks when making long-term investment decisions, you must always be aware of the price movements of the coins that we have. As long as prices are still in predictions, of course they will continue to be maintained.
What should not be ignored is observing the price movements of bitcoin, because all coins are very dependent on the price of bitcoin. It can be concluded that bitcoin is the driver of crypto.

That is why I do not do some long term hodls for some altcoins except for ethereum. I day trade them and it works fine with me. I have tried considering some altcoins for long term investments but it doesnt worked. The price doesnt recovered and I stucked up. At the end I sold them at lose.

These things should be done by every coin holder. The problem is that there are many of us here who are holding so many altcoins that we cannot anymore do these things to each one of them. I admit that I have coins that are considered forgotten already. And because their values are almost dead, I do not mind holding them forever. It is always good to monitor the development of coins. The hard thing to do is to follow which exchange they are listed.

Those things which OP mentioned indeed the worst scenario if we hold wrong altcoins and i have seen it plenty that people hold became so worthless because those altcoins eventually change to dead coin and cannot be sell and i personally got some experience cannot withdraw my coins before delisting because i was avoid to see their official twitter and i think after that i learn more holding altcoins not always profitable even more likely risky than hold bitcoin

I am victim of first one, some coins gave me massive paper profits, I kept holding it, and now they are nearly worthless.

I agree with you, holding a long-term altcoin is indeed risky but we always monitor market conditions, and ensure that the coins we invest have great potential for investment, of course, can minimize the impact of these risks.

Altcoin in the top position is very suitable if indeed we are interested in making long-term investments. we certainly do not want to make mistakes in the selection of high-risk investments for the long term

Hold long-term altcoin is only suitable for serious projects where their team works hard, completes roadmap on time and keeps regular connections with the community. Many projects tend to pump and dump if hold on these projects, so it is best to sell them not to hold them.

of course, if you are holding a huge amount of tokens, you should follow it's development, the price, the platform and are they following everything that is in their roadmap and whitepaper, and the worst thing that can happen to you is when you have a huge amount and you found out late that it's been delisted on exchanges where you have the chance to sell it.

yes of course every risk in the form of investment or cryptocurrency trading certainly exists, but we can avoid it by investing in altcoins that are already popular or many users. because this can reduce the loss of your investment.

There are so much risk in long-term holding of alt coins. But you don't really need to worry about it especially when you have done the right research to all of it. It also the way to avoid such scam coins and not getting profit into it.
I recommend to just use your money excess in holding long-term because it may really take too long to increase but I am sure it is worth it.
If the coin has not the right standard in holding alts for sure you'll just regret it in the future.

I agree, if we have done research before investing in altcoin, I think we will be more calm and rilex. But holding an altcoin for the long term is indeed risky because it all depends on the developer team, if the project success making a good product, then the price will potentially increase

There will be less risk if you invest on altcoins that already exist for few years like eth.They are very active on their projects and you can monitor their social media for updates. It's difficult these days to find a new altcoin that has a great potential in the future. Even a potential altcoin can turn into scam if the main objective of the developers is to earn money.

I have read an article about traders who hold altcoins. A recent poll on twitter shows that 47% of traders predominantly hold altcoins more than bitcoin, since in this current period, 2019’s altcoin season is seemingly flourishing. Though it’s not surprising that people are allocating more of their resources to trade altcoins. They have the tendency to skyrocket in price (risk-reward ratio), hence bringing huge returns to those investing in them, especially during the presence of an altcoin season. Though despite of this the risks are still huge just like what you (OP) stated.

it is very true, and must be done so as not to suffer losses, but long-term holding has two different sides, can suffer losses and vice versa can also take large profits, it all depends on the coins we hold.

In this season uptrend I have to wait for my altcoin investments to be pumped. Like KEY a few hours ago, it dropped to depth but I still patiently hold them

no i don't think so it depend upon coin which you have invested in if it has potential it will go up any how if you are holding a shit coin it will go down any way.

I'm not misunderstanding anything here. What I've mentioned are real risks of holding altcoins for a long time. You can have your own definition of what long-term investment means according to your understanding.

Depends on how the project will be developed, those projects that still in the process of progress and still showing updates and still keeping what inside it's roadmap are coins that have potentials, they might be suffering with downfall as the market is not favoring the situations but in the long run there's also possibilities that it will goforward, when the usage has been brought out and more investors see the real potential it will be supported after and the value will rise, the chance of having a good profits will be there for those investors who can take the wait.

This is certainly true; once we invest in any coin we ought to be checking it once in a while. If possible have a note book to write them or write it in a piece of paper and stick it somewhere you will always be reminded of. Having a look at most coins today, you will either see them moving to a new blockchain which will cause swapping or see them just swapping to a new coin, once anyone missed to swap that's it. So in other to avoid this we have to be checking once in a while.
This happened to me and since then I took caution.

There are many qualified altcoins that are good for long term holding like ethereum and the strong coins. Holding a new coin for long term is more risky unless its developers continues to be active in developing and promoting their project or coin. Be sure to make a research first on any new coin before buying it to avoid possible losses in the future.

there is nothing wrong, indeed in a long-term investment there are many risks that might occur to us. especially for altcoin assets. even the top altcoins cannot be predicted in the future. like a market situation that we cannot expect. who would have thought that ethereum was only moving slowly like now even though bitcoin was moving fast? that's just a small example of the risk of long-term investment.

you made some good points, but what update will tell us that a coin is dead so we can sell off immediately? Even when a coin is being delisted. My point is that depending onhow many projects you are following up? It will be difficult to follow up all

This is good advice for altcoin holders. But if you are a bounty hunter and you have dozens of coins in portfolio, it is very difficult to fulfill this recommendation. I don't always have time to view news about projects in which I participate now. I don't know what to do with those projects, coins which I have already received.

Long term holders usually know when to sell and they have a precise plan to apply in case of the big red candle on the crypto market. Available supply is the first thing  I usually pay attetntion in order to prevent the maximum dump amount on the listed exchange. By the way, there is no need to choose perfect altcoin for long term HODL, almost all altcoins go up and down together.

Storing Altcoin for the long term indeed we have to more actively read the update. We have to join the official telegram that they have. That way we will always get the development information about Altcoin. The altcoin is great for long term investments. So do not be afraid to save Altcoin in a long time.

There are many instances my friends and others have missed some tokens due to their failure to get updated about the project they belong to. One of my friends told me that he lost $3000 worth of tokens due to his failure to swap tokens in set timeline. So it is necessary to get updated about any project. Otherwise you may pay price. 

I agree with your opinion, it is quite risky to hold altcoins for a long term, expecially if it is not an altcoin from top 20 CoinMarketCap. The main risk in my opinion is the stopping of the development of the project.

There is zero risk to hold top altcoins at the moment. They all will rocket in coming weeks. I don't include shit altcoins in the statement, and it is only right with top altcoins. Top altcoins mean high quality altcoins, which have strong, productive, and reliable teams of developers behind. They kept working hard to keep their projects moving in bear market, so it is surely right that those projects will get sweet journey when bull market comes.

One of the problems with the crypto space as of now, is the essence of shitcoins. A shitcoins will only have an active team for a short while, until they have finally cashed out. Such will never have a real use case and there never be any development at intervals. It cannot meet up with its milestones. With some of this, I see no reason to hold such for long.

Those are actually true. In my opinion, long term holding are only good for pioneer coins like bitcoin and ethereum. Holding altcoins or token for a long time might not be a good idea because its not yet established itself in the market. A lot of things can happen. It might end up worthless and you will gain nothing. Day trading is more advisable when dealing with tokens and altcoins.

You are correct with your observations. All the three results of hodling long-term you mentioned I all have experienced giving me a great loss in my assets. So that is why I am now a bit picky and only follow a few of the top coins so as to have control and fully manage my assets.

There are also teams that change their roadmap later on when they can't figure what to do next. Some tokens promises to distribute dividends but in the long run tend to change it to buy back tokens. What you expect today could not happen in the future. I don't know if there are legal issues to claim for this but if you are just the only who complains about it then there isn't much you can do as a long term holder but sell in loss.

That's right; once we are holding any coin we have to assume all responsibility about it to protect ourselves from unnecessary heartaches. Checking the group once in a while won't hurt and taking into account the rate of swaps nowadays, any coin we are holding should worth our utmost attention.
But most importantly, we should be mindful of the coins we are holding to be sure we won't end up holding useless coins later on.

the most of my holdings of altcoins over the half year have price under the bottom, maybe some day it will be profitable, or  better not to hold so long

That risky to see if the alts you had in your wallet was shitcoins, probably this could give you emotional stress. Sometime risking our coins at trading site isn't profitable, since you're holding is more vulnerable to attacks of hackers and thieves online. I don' recommend holding long terms at exchanges, it can be done through private erc20 wallets like trust wallet and other type of wallets.

Yeah shitcoins will end up nothing.And be sure that if we trade and store in exchanges  we must keep always the private key to prevent it  from hackers and to avoid losses.

Yep following their news is something that you need to do after you make a choice to do long term Holding Alts.
if you worried about reason number 1 and 3 you should choose top 10 or best 3 ALT coin on coinmarketcaps.

The only risk i can think of that the project can be abandoned by developers. If this happens you can lose all your investment in that altcoin.

That is about trading style from each person. When you decided to Hold for long time or swing to get more profit, you must know what make it grow up, always update any news regarding that project. If you can't hold for at least a week, better if you do intraday trade. You may not concern about abandoned project, delisting, or etc.

For the current trend, we have now I don't feel to take risk of long-term holding, especially with altcoins. I'm currently holding some altcoins but it comes into regrettable when I never sell them while it still has the market value and supposedly I'm earning some profits from them. But the sad thing is that its values are really down and I don't if know there is a chance that it will wake up from sleeping.

Nice information about risk for holding Altcoins for longterm.
Starting today I will check updates of my holding tokens on their telegram groups.

And the cryptocurrency market may collapse. Any investment is a risk. Fast or long. Many did not take Bitcoin seriously in their time and regretted it. So of course you need to follow the projects. And do not forget to check the latest news.

If you hold any kind of coin it doesn't mean that you already accept the loss. It is not all about prediction but is all about strategies. Make sense to all bitcoiner, we need to know when we need to hold and to stop to cut our loss but on what I am observe right now holding for a long term coin investment is advantage and not a future loss.

Agree sir.. We should always check any social media accounts of the project for any updates... Specially if they do something important regarding the project.. Everybody dnt want to be left behind specially if we invest money... We must aware of what is happening... So better be vigilant for all the platforms that u joined in

I have fallen victim of all three scenarios

I strony advice against holding shitcoins all in the name of it could moon tomorrow. Most often than not, it wouldn't moon and end up loosing every value or becoming totally dead.
Coins get delisted on exchanges and in a case where a coin gets delisted, then the holder will no longer be able to sell.

Damn.. I'm disappointed to myself didn't know for this reasons on 1 or 2 years ago. All of this thing (Except for point 3) already happened to me and maybe I loss few hundred of bucks because of it
For point 1 , yes I still hold some on my ERC20 wallet because didn't has much ETH as gas for moving all of it.
For point 2 , I'm not just hold 5 or 6 ERC20 on my wallet but so much ERC20 tokens on my wallet , around 200+ and yeah , I'm already miss some my ERC20 swap and now that tokens is useless on my wallet.
For point 3 , It didn't happend because I must know where exchanges for each tokens on my wallet and I create notes of it.

Long term holding of coins has profit and at the same time has demerit if one does not know the cautions to be taken into consideration while holding. A lot of people in crypto are fond of the habit of holding coins for a very long time without any consistent effort to know the progress so far about the project from their social media network. It is highly imperative to keep following the updates about the coins we are holding so as not to find ourselves loosing as a result of ignorance. Inquisitiveness to know the rate at which the coins we are holding is appreciating in value should be our priority.

If I have the issue of project abandonment getting sorted out, the issue of swap is the most mind boggling, risky and strenuous job to do because you have to keep updated on the project. This is very bad and a solution to this should be found as soon as possible else it will be reckless to advise any newbie to buy and hold a coin outside bitcoin for long term goals

Well if you think about holding then keep holding as selling for panic is not good, let the price be higher and keep holding the more you hold the more you will be safe from lose, buying a coin should be done careful because chose the most profit able coin and the most promising coin, buying bitcoin is the beneficial coins, so there is no risk for holding it.

I agree with you, long-term investment is indeed a big risk but it depends on the coins you invest. if you frequently update the market, channel information about their projects, and invest in popular altcoins, chances are you won't experience big losses.

In order to avoid all of these consequenses I suggest to hold only top altcoins, top 10, in this case you won't end up with dead altcoins.

I support your opinion.  Since I can say 100% that there are no shitty coins among the top ones and they will definitely not die in the near future.  I advise you to invest in them.

There is shitty coins in the top 10, and amazing coin in the top 800, like HST decision token Voting on the blockchain, its cost effective, results are instant and cannot be hacked or rigged.

Still some of the well-known coins, which are even on a good exchange like poloniex have ended up being too low or worthless. For example Burst coin, Sia, BCN those coins were very well known at a time. So there is always a risk factor, obviously.

HODL investors are like maniacs who buy and store cryptocurrencies regardless of price. I am one of them. This method is the only rational approach to such a volatile market. I bought it and forgot it, until the time comes to sell and you don’t need to take coins that can disappear. Before buying, carefully analyze each coin. You should definitely sell such coins and not store them.

It is better to hold for a small amount of time the coins that you think will not last that long. Coins that look like they will sink and you can get a good rate for them you should sell right away and funnel them into your other coins to increase the bag size.

Keeping up to date with your main investments is a must and you need to do this by joining communication channels like telegram and discord.

Always a risk just less of a risk and you can notice if shots going to hit the fan anyway

I can actually get the point your are trying to make, but all the risk you listed should not be something that will affect a wise and good holder. If you are holding then it is very important to keep track of all the coins you are holding and know about their latest update every week, so you don't miss out on swap or get affected by delisting.

I do agree with this disposition in terms of crypto investments. If you are a type of person that can't follow thru all the coins that you are holding. Better convert it to btc or eth, if you have the chance of selling those other altcoins in the market. At least even if you forgot to check on a specific coin, you already have your btc or eth in your holdings.

By the way, the OP already summarized what would happen with your altcoins if you will hold them in long-term basis. And for me, those scenarios turned to be true to more than half of the altcoins ever existed.

You have too many altcoin so you can't easily focus on your projects. I see now which projects you see can be sold, sell off and invest in the necessary projects

I have a few tips for longterm:

First tip - BTC is not going back to 3k this year

second tip - buy in increments when it dips hard. BTC still has a long way to go before it reaches its peak this year.

third tip - Do your OWN research. Don't rely on others.

4th tip - Join some FB groups in order to find out more about crypto and what coins are hot right now.

5th tip - look at Medium articles (like mine at cryptoaccountbuilders) and learn.

This poin remind me of the altcoins that i hold and I missed once to swap.
Its improtan to follow and join the telegram group to get update the news of the alts project that you invested. 

Holding some coins especially those new coins that did not have any viable products and services is one of the investment decisions you can make and regret. I have over 100 different altcoins that i have been holding since may and July 2017. I did not sell them during 2017 altcoins boom but keep holding them with the mind that in no time all of them will appreciate and i will become a million but since the middle of last year all of them keep going down  and the majority has been abandon! There is no viable developments and some of the developers are now on another project entirely. It is not actually advisable to keep holding altcoins especially when you know there are dying.

That's right. It is necessary to follow up your investments and not leave it to chance. One might be verily dissapointed if after several months of expecting your investments to have yielded bountifully, you eventually find out that the coin has been delisted or it is even worthless


Checking up on your coin status is very important to avoid disappointment.  Besides,  it will help you make certain reasonable decisions to salvage the situation the moment you realise something is wrong so that your losses can be limited

There is no risks to holding coins for long term if you know what you are doing.
1)pick futuristic projects with real life products only
2)dumping good coins will always lead to regrets later on
3)always keep tracks on all your coins you holding