Bitcoin Forum

Holding is the only way for altcoin investors now unless you want to accept your losses and exit but its better to have patience, i have seen coins that worth 1,500$ a year ago and they are now 200$ , i have sold airdrop tokens that should worth 150$ for 10$ to sustain but i am not stupid enough to get rid of all my tokens and coins because market is not in my favour, be wise and remember that those tokens you are getting dispose off can turn something when market start turning for the better, be determined to win,when thinking forward always think backward as well.

i am not like you ..
discarding altcoin will not receive a loss, as long as you replace it with btc and not with bad altcoin.
I will think ahead with every decision I have made, if you doubt in every decision you have taken you will not get benefits.
on the one hand be patient will not reverse the situation as before, but a new strategy that will determine your destiny in the crypto market.

How much have you really invested in bitcoin or altcoin? i think the OP is making sense, do you buy ETH at 1,300$ per one in early 2018? what advice do you have for such people? to sell and use the money to buy bitcoin? or hold on to the tokens and wait for market recovery? sorry your strategy is b********

not so much, I only have 2 btc and that is the result of dumping some altcoins in 2018. some of them are the top altcoins on the market, I don't need to mention what altcoins I've thrown away, can at least buy 2btc. Then what about you? is it still relying on patience or stick with the same options?

Selling at loss isn't desperation but it is a strategy when you see the market as not favorable to what you like. This strategy is effective to cut your losses and to avoid the potential further losses.

And that token that you have mentioned which you saw from $1,500 to $200.

I think it's ethereum but it wasn't $1,500 but $1,400.

Big altcoins will recover, coins like ETH,LTC,BCH will recover when market recover but be ready for a long journey, cutting your losses short is a good strategy and buying BTC is the smartest move, i am happy that the people who came into this space listed to me when i told them to invest in btc and at that time btc was at 3000$ plus, they are smiling right now lol

when we think about profit, we must think about lose too
wich mean always think about the risk and rewards ratio on our investments, and use stop loss level to cut our lost short
so, we can buyng back in the deeper price mate
just learn from the past

For those who bought in at highs, not just for ETH, but many other coins, the best strategy probably would be to get the buy-in price lower by buying up coins at a cheaper price while they can. Of course that is only a viable strategy if you believe said coin will appreciate in the future and it actually works out that way. It also requires additional funds and additional risk.... but it's one of the few ways to dig yourself out of a humongous loss.

Simply taking a loss and moving everything to btc is an okay strategy when at a minor loss or if you feel whatever coin you invested in is utterly doomed. I wouldn't put ETH into that category however... but if someone for some odd reason decided to put their life savings into Dentacoin (or whatever junkcoins), they might want to look at an exit strategy vs buying up more dental coins.

I do agree with the OP that holding is probably the best strategy so long as we aren't talking about requiring a miracle to recover losses  -- so those who bought their alts high, but not at ATHs -- may be better off simply holding unless they spot a better opportunity.

The problem with human psychology is that we don't like to accept defeat, You win some and lose some, that is life, what really matter is to have more wins than loses. There are some tokens that I was considering selling after losing 50% of its value but hope it would come back and now have lost 99%. The main thing in cryptospace is to actively manage your account, any project you have doubt in sell and move to better project, BTC or Tether

Instead of thinking backwards while planning forward; why not use another method ?

Don’t think forward
Don’t think backwards

Just think about today; how ?

If a bounty or airdrop with good prospects gives you 500$ worth, think about today and sell 80% off that’s your income; then spare 20% or 10% for the road

What you have done is almost the same as what I thought so far, because I used to hold several bounties tokens that many rumors will experience price increases, but now these tokens have become junk and have no value at all in the market, from that experience I now prefer immediately sell it when the token has been listed on the market because if we hold it longer it certainly can be at risk we will suffer losses later, we better get less than nothing.

You could say if you will not receive a loss by replacing it with bitcoin and can you even see what will be happening when you buy bitcoin above 13k rate and then hodl it till this time? I guess if you are so smart to do a correct calculation about how much money is getting disappeared right now.
The real thing that is happening right now. People are betting on BAKKT again and it doesn't consider the utility of bitcoin as the main thing to invest in bitcoin. It's very sad to see why so many speculators in these days.

I hope you are in the right path. From what I've gone through, I should be very careful sticking loyal and too much of a believer of a certain altcoin unless that coin is from the top 10 or 20. But if that coin is even outside the top 100 or 200, you better be very knowledgeable of how their actual development goes lest you will just wake up one day with your portfolio full of dead coins. Take note that there are more altcoins that died than those which endured the worst market conditions and went on successful. 

I would only advise you to get rid of it as soon as possible as long as they still have prices (gift tokens). I took a recent example like the KICKS token I received 1,008 KICKS from a social media campaign, at that time I threw it away at $ 485 and you can see at the moment they are only around $ 145 of the total amount of tokens I received at that time? imagine how much loss if I save the current token.

Better to grab the benefits than waste your time with non value tokens. With new projects that being introduced chance that it will be worthless after being listed so it's better to sell it out to enjoy the value. No one can guarantee whether the token will rise or what will happen afterwards.

You need to be more specific and think wisely whenever you get a chance to received bounty rewards, though it's not that big but better than nothing at all.

we were lucky if we can recieve a coin that can be listed on exchanges because most that i encounter are not like that  . i and many others recieve a coin that has no value , so what are we going to do with that ? for decoration ? lol  . if a project or a coins is really promising , it can become succesful and wont be beaten easily by newer projects therfor its still okay to hodl them than selling them too early for penny and missing the big oppurtunity that awaits  .

I prefer to wait for a while until the situations get better. It's no problem for me if I should wait for more because I am sure that the coins and token will get high someday. If you were still strong to hold the coin and token, then it's good for you. But if it's not, then you might consider selling right now but to be honest, that will not make you a profit. Be wise is important to follow the market so we can know what we should do related to the market itself. Do not follow other people suggestion if you don't analyze or you are not sure because that will be too risky for you.

in such market conditions how can we see projects that have good market developments? Such conditions will be difficult because almost all new altcoins are also down and experiencing a decline.
what I often do is mistakes and regrets when selling assets that I have later in the future the assets have experienced a big increase.

Just think of the top listed altcoin, that itself has changed a lot in terms of value. By this time majority of the tokens will be valued close to zero. One of the token that I invested an year ago has reached a value close to $0.08 and now the value of the same token is $0.00037. This is much worse, and I've lost hope that these will recover. Only possibility for majority of the altcoins to get recovered completely depends on the growth of ethereum. Hope next year there will be an altcoin season as 2017.

When we are into cryptocurrency it is always a better pick to think about the downtrend and have alternate plans of making changes to the portfolio as we don't know how the market changes.

yes, for coins that are truly unfit to hold must be sold as soon as possible before they actually lose value and are left behind. even some that are already registered in the exchange can also be a scam.

a good advice there for those that think and ready to learn as the market now has a dimension to take us to next level but many are affraid cos of the bear but am sure it will be super to accumulate now in other to get bull in near future which i believe to be soon and now is when that hold is needed for those that is wise.

On my wallets today there are cryptocurrencies, which at the prices of two years ago are tens of thousands of dollars, but today their price is only a few hundred dollars.  If I did not have other sources of income, then I would have lost everything that I have.  But I gained patience and convinced myself of the prospects of all my assets and I will wait for the time when the price will rise again and these coins will be in demand on the market again.

I have nothing to lose by changing my altcoin to bitcoin in the range of 8k at that time. Unless I buy bitcoin above the price of 13k and then do it until now, obviously I lost $119 if calculated from the current bitcoin price chart.

very embarrassing if you don't consider using bitcoin as the main thing to invest, I think smart investors are not wrong if they make a decision by investing in bitcoin. not with you

It is sometimes better to sell your altcoins instead of holding it forever and beg for the price to increase. If you let it go, you open opportunities to invest on other well known coins which includes bitcoin, ETH, LTC etc. You might recover your loss if you sell your coins and invest on other coins.
Just holding it and making no profit at all is just a waste of time. And your suggestions are kinda absurd. Your tokens "may" turn into something but high chance it is going to stay low.

Coins with a bounty are worth selling immediately, and buying top altcoins, because the chance that they will increase in price is much higher.

You made a lot of good points but you failed to point out that holding is totally dependent on the type of coins in your portfolio; in as much as I will advice someone to hold  I won't forget to caution the person to make sure he trusts the coins he is holding. When I say trust, am referring to use case etc. Also, most times, people sell not because they don't want to hold but maybe they have realised the market won't be favourable to them when they hold, instead they will sell and buy back later if deem possible. One thing, I know that is worth having aside knowledge is having a good strategy at all times. Dumping too early isn't a good idea always, although most times it might be worth it and also, holding when you are not sure of the coin isn't a good idea as well.

I think everyone was taught the situation by Bitcoin at 20,000$ , at 14,000$ this is the maximum for this year and last. We will all draw conclusions, we will be smarter and as soon as Bitcoin reaches its peak we will not start the moment!

Now the best action regarding altcoins is to sell at any price and invest all the money in bitcoins, then sit and wait every day watching the prices. As soon as the market starts to grow at least a couple of days, then you can start to gradually buy altcoins and wait for their growth.

You have a point but you might be better off actually looking at the project's status instead of just speculating. Is the project making progress? Are updates being posted, is their blog active? There are lots of things you can do to determine if a project is worth waiting for.

Obviously if nothing new is said about the coin you are holding then the developers have probably already made an exit, so you know now that you should stop hodling nothing and sell!

I think that mentality is not good here in this industry. We need to look everything possible and possitive mentality to make us motivated. We need to look forward always to attract positive things. In selling your bitcoin because of present price and continue to fall I think you are not fit here in crypto world because it is nature of every crypto. Have more patience.

l agree with you, This comprehension doesn't belong to this world. Sometimes, unfortunately, everything can happen in this world. As you above mentioned, patience plays a major role in the crypto industry. In any case, this event absolutely will change and this statement can make me motivated instead of thinking backward. This is my personal opinion.

Small altcoins, just exchange them with BTC if you see a significant swing in their prices as they are unlikely to recover back. While major alt coin, like Eth and others, has a chance to recover good even if they have fallen this year pretty much, they will probably rise pretty decent next year.

Yes, I totally agree with your opinion, because it is clearly proven that a small altcoin or new altcoin when it falls in price will be very difficult to get back up, unlike altcoin ETH, even though it has experienced a price fall but can always rise in the future, and the same thing can also occur in BTC, although often falling prices, can still recover within a certain time.

Holding is good only for the top coins it is always better to sell the tokens once after distribution is made, I suggest to those who are holding tokens to sell right away and invest the sum of money in alts to get from descent profit, those who are holding tokens from ages have suffered massive loss.

The decision to hold is not always beneficial. You have to make sure the coins you hold are indeed potential and will not turn into junk coins. Because not all good coins are held for long periods of time.

Keep on watching and get the latest news about the coins you hold. Because of my previous experience I hold StQ coins because if I sell I lose so I choose to hold but it turns out the longer I hold the price goes down and now the coin is actually a junk coin and has been abandoned by the developer.

If you want to hold. Bitcoin and ethereum coins are good for long-term hold.

The point is you cannot see the future, what you must follow is a principle or a strategy. The current state of project can reflect the future, but it is uncertain.

actually it's simple, depending on what altcoin you hold. if altcoin that you have currently has no further development my advice you need to sell immediately or replace it with altcoin which is better than that. patience is a normal human attitude. but you also need to think ahead and don't rely on patience or stick with altcoin that is difficult to develop.

That's the thing that often happens in cryptocurrency and we must have a strategy and a decision when to hold on and when to cut bigger losses. And by thinking backwards we can also get experiences about something that we have seen or experienced and can make us more careful in determining the right decision for ourselves.

Patience is the best choice for now, because nobody knows when the prices are going up. If you believe that it is the right point to buy some more altcoins, just do it and do not listed to strangers on the internet  ;)

We can never be sure what coin will actually turn into goldmine. So you're right keeping some coins to yourself. It may make you a richman soon!

The market might seem unfavourable when you are calculation the value of your token or coin based on dollar. I would rather prefer to calculate based on the unit of com's to which it is paired, because at the long run, it will be more profitable. This is when the theory of hodl, works.

For me my work is more important, meaning if a coin with potential worth 2k$ is now price at 15$, Im not stupid enough to sell it just to sustain what are my needs. Be patience cause its not yet end of the world. The 15$ can help but not that great, so I suggest to hold than sell it. It's gonna be a biggest regret of youre life once it happened to pump or worse bigger than what you worked for.

Every people inside this industry have it's own interpretation of the market situations, you need to be an open minded since there's always a risk to carry from each decisions that you will take. Always think and assess both sides of possible outcomes, allowing yourself to go beyond and trace things before concluding will helps you up to make  sure that you are in the right track of your investment.

I think your strategy is pretty good, and this is what I also would do. I try to hold my alts to see when the time is right. Sure you might see your coin going down, and this will make your palms all sweaty but always be patient, as good days will come surely.

Just like you I have a lot of altcoins stored in my wallet and I have no reason to dispose them for now because even they are almost priceless they can turn out into something better if the market goes well. We can't do anything on our alts now so its better to hold them rather than to sell in low price. I have confidence that they are going back to price as they were before or even something great.

Storing altcoin for too long in the wallet is also no guarantee that it will be expensive, now it is not willing to save altcoin or not, but in unfavorable market conditions, so we are all required to be more patient in facing the current conditions, because if altcoin the price is good, surely everyone will also sell it.

No. Be foolish and sell me all your tokens. Dump everything and be impatient.

MY father used to tell me to plan ahead you must plan backwards since there are prerequisites for moving on from one stage of the plan to the other.


You right. Some altcoins were never meant to last and have no real reason to exist and thus can be sold at a time when you feel satisfied with the offer but do not wait so long. Kill the pig while it's still fat.
Projects you believe in and have a future you can keep the tokens for or sometimes sell some and keep the rest.

Patience is virtue in crypto but know what altcoins you will exercise your patience on. Many altcoins are not worth waiting for. It is very easy these days to see through these projects and have a clear vision if there is still prospects in them. That's why I advise, always follow up on altcoins that you put money in and check from time to time if they are alive. Don't just hold for the sake of holding or on ground to patience is virtue. Sell if you smell death in the coin and move on.

When the market has experienced a bad thing and it lasts long. I guess the market will definitely be back spinning. So I won't be selling my coins like results from Airdrop, Bounty campaigns and investing. I always hope that the market can return as in 2017.

If it could happen all the coins that now have a low value, I think slowly going back to the pumping. I am currently still following the Bounty campaign and some Airdrop. Because I am sure if continuing to struggle will result in something good.

Maybe what you meant is, "expect the worse" If you have invested that huge amount, well nothing you can do, if you bought an altcoin then, youre good as dead since its un sure whether it could turn back again. But if you choose good one such as btc, other famous altcoin such as eth, xrp, neo maybe there still chance. But if youre money is into new project then dont expect much. Just say goodbye with youre funds.

since the market was lackluster, I had lost confidence in the new altcoin that began to emerge. Three times participated in the ICO but never made a profit. therefore, when I get altcoin from airdrop, I immediately sell it when the price matches the ICO. because the experience mentioned earlier made me think in the future there is no good saving coins besides BTC, ETH & XLM.

as your explanation above to be honest, what coin/token are your concerns? because I have same experience like you. expecting coin for raising more than reality is really bad idea. I ever hold a token which is worth $9000. I hold it due this project will launch their mainnet, so I hope the price this is project will rise like crazy. but did you know what happened? they are turning and jumping all the way down, so I lost approx $6000. this really a bad Idea. Holding without learning will make pain. my suggestion is don't be greedy, just put a normal and rational profit. calculate all of your risks before take an action. good luck  ;)

Therefore, for now, I also prefer to hold my tokens. We just do not know what will happen in the future with cryptocurrency. If it will generally develop, then a significant part of our tokens should grow at a price. However, I see that those tokens, which in total cost one or two thousand dollars, are now valued at several tens of dollars or have no price at all, because they are not traded. In general, the picture with our tokens is still unhappy.
While we expect a significant increase in the price of altcoins, which are already in decline for the second year.

Any project that predicts a price is a scam coin. If they are trying to predict the price then they should make their coins as a stable coin.

Investors must have patience but it doesn't mean they have to lose always. Crypto-market is facing big problems but i believe investor should analysis market from trusted site (https://www.coincurb.com/news/). If you want to invest in altcoin, So for backup you should also invest in btc. Its a best move to protect some of your investment.

The hardest part that people can't endure in crypto is sustaining for a long time without any thing to linger on, instead of complaining people should find other ways like trading, don't forget that all the coins you dump today to sustain yourself might worth something big tomorrow, don't toy with your future hopes

Seems your don't get it, each altcoins has it's season. Bitcoin currently is the only coins that can't be replaced by another coins but each Altcoin can always be replaced by another's superior coin (based on rge same idea and technology) which will be developed in the future.  The altcoin that were present 3-5 years ago, most of then are no longer relevant thats the fate of most Altcoins currently in the market.

Altcoins especially tokens should be traded and not consider investing vehicle like how bitcoin and most coins with their own blockchain are been considered as investment vehicle.

Selling altcoins in losses I think is not good. Because you have no patience. It's just like me that the condition hasn't improved to make my Altcoin also downhill.

But I learned from experience that as investors are better off holding the coin for the long term or when the Altcoin market conditions are pumping. We just decided to sell the coin in profit.

When reading the information on this forum, many people say the Altcoin season will happen. And that could possibly happen at the end of 2019. I personally also predict the same thing.

Easy to say but its really hard to combat it along the way since we are fighting our emotions here knowing that it can change out our thinking anytime if we aren't sensible nor aware with the way we do think.

Market had been very bearish for how many years now but at least we are seeing some recovery at least even on small percentage.Come to think that there would always be a price recovery but the main question is on when it would happen.

I have been holding a particular coin for years now and I still the coin is doing very badly and the only reason why am still keeping it is that the coin price is worthless.
So it depends on the altcoin you are holding