Bitcoin Forum

Don't hold some good but random altcoins for a long time. If you still want to hold then don't leave their telegram group or other social accounts, check updates on a regular basis. Because if you just hold and keep it in a wallet for 2 years then who knows after 2 years your coin's value may turn into zero value, because of the swap!

 I lost many coins because of swap things! Recently Insolar is swapping their token, I did not know about it, because I have been holding for two years but did not care enough as the price was very low! Today I was checking the Coinmarketap android app and saw Insolar coin increased by 530% but their ticker is XNS when I knew it was INS! So, I joined their telegram and get the updates about the swap! Unfortunately, If I fail to swap on time then all of the value of my holding coins will be zero! So, except Bitcoin, Ethereum, don't trust any coin for just buy and hold for a long time, rather keep updating yourself!

Of course knowing the update of the coin is very important for holders of long-term investments. I experience the same thing when I don't swap coins that I hold. and finally the coins I could not use. Following the project update is strongly recommended for holders.

Taking profits at the right time is good,  but I think for some quality altcoins with use-case are good to hold in the long-term.

If you invest in a coin it's your responsibility to follow how the coin develop, or you have just wasted your money without knowing if your losses or gain a profit, you should also know when to sell your coins at the right time if the developers are trusted and they have a solid roadmap, then it's ok to hold long term.

This is very common especially most recent projects. Sometimes they are forced to swap their previously issued token for the sustainability of the project and sometime it might be due to further implementation of some features that are never part of the initial plan and the need for scalability and more efficient blockchain platform than the previously adopted one. Gymreward has done that also. They migrated from the Ethereum blockchain to the EOS and up till today, some people could not swap there token

In summary, don't be a victim of pump and dump coins.

Newbies usually get the wrong idea when the coins are pumping. They're having the FOMO and that's why they buy at the top of those coins. The action they'll take is when they see the coin doing well but if it's not, no actions will be taken.

It's how they respond to the markets sudden change of movement.

Shitcoins tend to swap because their value to the dollar is so low.

I watched that shitcoin BTK being swapped and even if you held it and did everything right you'd still lose value because the new coin after the swap was worth much less proportionally to the pre-swap version. It's like they're trying to make it tradeable again but it's still not enough in most cases.

You see a coin undergo a swap? Stay away from it.

In my case, I do'n't have no other choice but to hold because the price of some of my alts holding are low, having no trade volume and some are showing signs of recoveries in which I think holding for a little longer would be more beneficial than selling at this point especially to those alts which are included to the 'mainstream' ones. I am hoping still that the prices would go higher upon the halving, so I decided to wait for a little longer.
I do believe that what could happen to Bitcoin's market value after the halving could reflect to the market price of some altcoins that I am holding which boosts my patience to not sell at this point despite of some redmarks we are seeing. There could be chances that the market prices can still climb their way up which could generate more profit. And for those that won't, i would probably hold them than to lose money from selling at this low point.

yes you are right.So many peoples lost their money in this way.last year i saw EQL swap after finished the time so many people claimed that they didn't swaped their EQL.and peoples lost huge money.that's why people should keep an update,if they hold any tokens or coins.And I always try to do.

Well obviously you need to keep a track on the projects and not hold too many token projects on your wallet. If i see a swap coming and i don't have time to deal with it, i just leave my coins on exchange if it's trusted enough. They are usually handling the swaps and i am not that paranoid when it comes to good exchanges.

I have faced this personally and i know the pain of being deprived of our rightful portfolio just because we were not active in their telegram channel and i think even if swap is necessary or cannot be prevented all old coins or tokens or coins should be auto swapped with new one and im sure smart contracts can perform this task easily, so i feel it is an illegal and unethical practice to deprive someone of his holdings through complicated swap processes.

I have experience this kind of problem way back, it was a bounty token and I left the official telegram group. When I once checked my alts one by one, following ever inch of their shadows if the they are still alive or dead already, I saw something that was worth but a different token already, they swap the coin and now it is too late for me. It was worth a sell but how would I know, if this post were somehow earlier or I am pack with advanced knowledge about swapping tokens.

That's why we need to care more about "what we do" and "what we choose". Get used to all done with a full plan, do not forget to record and check periodically through an official account, turn on notifications for channels and telegram groups of projects that you follow to get the latest information.

That is, cryptocurrency is sometimes full of surprises, the price can pump many times over before it was worthless and we ignored it. So don't underestimate anything here, hopefully, what the OP is sharing can be a lesson for us all.

I was also a victim myself, I have altcoins that I hold for a long time but my mistake is that I didn't check the telegram group until its too late. Good thing is that its not that big amount though, probably around 100$.

Lesson learnt for me, currently, I also have small amounts of token that I have been holding for 2 years. But I do keep regular checks now if there are updates or whats not. So that I won't lose them in case there are some changes like swap or something.

Anybody holding altcoins from ICOs is probably completely wrecked by now. Most of these really didn't hold their value, particularly if they completed in the early half of 2018.

I think people should just set alerts for all their coins using something like tradingview, rather than checking all the time, otherwise that just caused unwanted anxiety.

It must be really hard though, I mean once you got your token from bounty, then the next thing is to check whether it was listed or not. Then after that you have to check the price regularly, but the swap thingy is very different though as it might really good everyone off guard.

And if you let it sit in your wallet for a long time, then this is one of the dangers. Haven't experience this one though, but I understand the OP's rant, I mean you are holding that token that long and probably work hard for it and one day to your surprise it worth nothing.

Yeah swapping can be really damaging for passive investor or hodler who is not much active or online because he can simply miss the claiming or swapping deadline and then the only thing he can do is sit and watch his original coins that have become useless and worthless after the swap, i have one suggestion for serious project teams that have to undergo swaps and that is keep the claiming or swapping process open for lifetime so that anyone can come and claim new tokens by sending the old tokens to teams wallet, i think this is the only logical solution to this problem.

I will stick to your subject line.

It is not healthy to just hold your altcoins, you need to do follow up, set up a bot alert on telegram to notify you of every pinned posts.

Set up a trade alert to keep you abreast on price flows.

Likewise, you need to follow your portfolios projects on twitter, most especially because altcoins especially are funny.

Token swap can occur any time, and only the right setup can keep you informed.

Recently, cyfm, hubrisone, and even One (Harmony) tokens just did a token swap.

What shall it profit an hodler, to hold for a long time without a follow up??

Is it good to hodl tokens for long term?? If your research and details is correct and sure YES.

But ALWAYS FOLLOW UP your portfolio

   I agree partially on this, why to just hold when you can hold and stake?! In that way your amount will grow and you will benefit from
that holding in two ways, price can increase and you will have more coins.
   But some alt-coins don't have staking option, many of them don't. I still decided to hold them for a long time because I believe their
value will rise over time. Chances for them to go to zero value exist, but I am ready to accept that risk and to hope for the best.

Your topic makes me wonder if there is an app that notifies you about important updates such as swaps of coins you are interested in. It would make our life easier rather than having to follow TG channels, tweets...
If anyone knows about such an app, please share it with us.

You are right. Don't forget to update information regularly related to your altcoins. Sometimes there is good news or bad news that every holder needs to know. Not only about the rising value signal but also other things like swap, new exchanges, delisting info, or etc.

Basically I hate swap. It sometimes makes people confused and some may don't know the information. Moreover, if to swap token cannot be anytime, it is limited only a month or several weeks.   :-\

I think not all altcoins have a bad reputation even though some altcoins are not good but if you buy altcoin then you should buy altcoin in the top 10 rankings on the coinmarketcap list which in my opinion is still profitable and has a very high trading volume.

buying altcoin has a very high risk you can become wealthy if you are lucky in altcoin avoid altcoin which does swap because it is very detrimental to you when forgetting to swap.

Altcoins are mostly not form longterm hodl. Trading with altcoins is fun, but when it comes to legit project you should go with the big boys like Bitcoin and Ethereum. Most altcoins won't be around in a few years. Bitcoin and Ethereum will be.

I think an effective HOLD strategy is needed, There are 03 HOLD coin strategies:

HOLD to target, sell
For example, buy BTC $ 3000 and only sell when BTC $ 15000, this is a buy and leave it to sell only at the desired price. This is the most basic and least effective HOLD way. Assuming BTC goes to $ 14800 and you turn your head, you might have to wait another year.

HOLD flexible
This is the most effective and optimal way for HOLD. The key to how this HOLD is centered on the number of coins sold at a time feels right.

HOLD long term
Long-term HOLD is mainly applied to investing in long-term projects / coins that you really trust. You can buy and wait until the market is saturated, as well as the market to make things clearer

Its a must to keep updated to their telegram channel and other social media sites to know the progress of the project especially if this is tokens.

Im holding tokens that I got from bounties 2 years ago and they swap their token as well.

Because im updated with the current development, I swap my holdings in the exchange that support the swap. If I missed the chance then my tokens will become worthless.

If a survey is to be undertaken on users who continuously check back with the telegram groups of their projects after the bounty is over, I think only but 10% would be for the affirmative. It's not their fault imo, many of this groups become useless immediately the bounty is over, no updates and no active admin to control what goes on in the group.

This tokens are also always very low in price, so majority are always holding for a very long time, as the years run down, it's only natural to lose interest in the respective groups of this projects, especially for those who are holding numerous different tokens.

For some reason, many people still prefer to hold their coins instead of selling it and they always risk the profit that they could get right now for the better profit that they can gain in the future. If you already have the coin from the bounty campaign where you join and it still not listed on the market, you should always look at the updates on their social media account and telegram because it's your responsibility to know it and if you are going lazy to checking those update it might totally end up on the opportunity of earning good profit. I will only hold bitcoin, Ethereum, ripple for a long time and if I have some coin in my wallet that from bounty campaign it's either I gonna sell it out or hold it (especially if the coin has a potential).

To the OP, maybe just move on and try to find again another solid bounty project and make sure you will be updated on their announcements and news.

100% sure but if they are not addressing questions and there's no update anymore for two months, you can just dump all your coins and consider that a loss, if this is what happening in a project and investors and holders are seeing this, they will be in a hurry to dump their shares and you will be late to find out that you cannot sell your coins anymore.

Yes, for long term hodl it is better to choose good coins like Bitcoin and Ethereum, because the new altcoin does not necessarily have good potential like it is Bitcoin and Ethereum, unless the altcoin is always developed by itself and can be able to compete with altcoin which is already top.

Always chose popular coin as priority for all activity, it will reduce risk when market goes down or developer stop running their project. We don't know the future and indicator always follow market data ( present ), all opinion is about prediction. Check up date information is good but you also must predict bitcoin movement and event because those thing can break your strategy in second.

Swaps can happen or occur in a tokens life at any point in time especially tokens that have upcoming mainnet launch on their roadmap, the best thing to do is to keep track of all the coins or tokens you have so you won't miss any useful new and information

Hey OP, you are mot just alone. I faced similar problem with bitcoin-white coins. I held their coins for more than one year but they suddenly changed their projects and announced their swapping program for very short period of time but my bad luck I came to know about that after the expiration of that swapping duration and now tokens got stuck as their website and its wallet functionalities are not working.

There cannot be a common hold period for all the altcoins. I did the mistake there. I hold these coins but their value is shrinking and most of them got delisted: IPSX, SVD, BTW, ESS and bitrace token. I bought them during ICO but failed to encash when they were at its peaks and now regretting.

Yes, and if the tokens we have are really good tokens, it will be very useful to track them, but now there are many tokens that are no longer developed by the team so it will take a lot of time if we trace them one by one to get new information for those tokens.

Unless you got the altcoin from bounty campaign. You will not be regreted when you see the coin price is being unvalue because you didn't spend your money before. Like me for an example, I got some altcoin a few years ago form bounty campaign and at least there is just one altcoin that I think it is potential if I see its price movement. Namely bitcoin token, you may know this coin because a few days ago its price has increased. And the rest the coin are still listed on coinmarketcap but the value are being low.

It is actually happening.
At January of this year 2020, one of my altcoin is valued at 3.5 Ethereum and now it is freaking .6 Ethereum.
Been holding it for like 2 years by now just waiting for the ICO to be fruitful and their roadmap to be completed.
But hell, it is like someone is selling way too much. I bet it is one of the large investors or worse it could be the developers themselves.

There is no more update in Telegram group but there is still some at Twitter. I don't really know if I should still hold it. I am at large loss by now.
The only choice is too wait for more updates.

When that good coin cannot increase so high more than the price we bought, we can still hold those coins for more because we want to make a big profit from those good coins. We don't have to sell if the price if we are sure that the coin can increase higher than the price now because we will make a big profit when the price can really hit another higher price. But if you don't want to hold for a long time, then yes, selling that coin will be a good way for you to make a profit while you can wait for a while to buy the coin at a low price.

I don't think this is a big issue, because if you bought a coin, you have to care your assets! Swapping to new blockchain or in mainnet is very normal for altcoins! So, you have to be updated about all the new developments of your holding coins. You can use the Blockfolio app and turn on the notification so you can get all the big changes of your coins, in crypto every holder are doing this, you should do it too. 

Actually, it is a common thing to happen in most altcoins in the market,
If you are holding a certain altcoin or those not so popular altcoin, you should actually keep yourself updated to avoid missing important updates about the altcoin.
Aside from that, if you are going to hold for that long, holding a popular altcoin is much better. Like eth, xrp, bnb, etc.

Only the new coins that has swapping event, this is risky if you not keep monitor of their telegram about their coin you could lose money. Yes, it is better to hold that already long existed in the market just like ethereum, litecoin, neo and etc. that has in the top coinmarketcap.

Holding some altcoins that are constantly being developed and developers staying active can be profitable. But what should always be paid attention to is the update on the telegram group for each altcoin.

I had had several altcoins that experienced incredible increases but I didn't realize it, because I rarely opened telegram groups.
There is even an altcoin that does SWAP and I miss the event and then the token becomes junk and can't be swapped anymore.

No problem holding a token for a long time if you really believe the token will provide benefits in the future, but we also keep updated and see the latest news about the token regularly.
I started to learn from many things that happened so that Altcoin that I hold remained monitored and did not miss a few updates that were made.

Yes, by holding altcoins and even new tokens it is necessary for us to stay in their channel, so that we stay awake when any changes occur there, it is important because not all coins are worth holding for a long time, for that reason at least we must be more careful and more considerate of every decision to hold coins for the long term.

You are right about this issue... it happened to me also with other coins. On some I was just on time, and on others I've lost the opportunity to swap... being a long time holder does not mean that one don't need to care about what is happening on the project, it is very important to get some updates from time to time on telegram or social networks...

Well if the altcoins has some bounty campaign then you should think about holding it. Im not saying that some of them will not pursue in the long term but most altcoin suffer a great deal of loss and end up dying and failure always happened on their end.

 
One example of it is ethereum. I dont mind holding my altcoin ethereum for a very long time as we see how dedicated this project for a very long time. I think not all have this kind of seriousness and dedication. Most altcoins I have noticed are all dead but only those retained have listed on major exchanges such as npxs. See the price now and you would hurt a bit if you invest on it on the midst of 2017.

Yes correct. Just be updated for the coin. As a trader it is your own responsibility. If you think it will rise then hold but learn to sell as early as possible when you think it is a bad coin before your profit turns into nothing. Instead, just convert it to ETH or BTC and then wait for it to rise. Do not missed any chance because maybe there is no next time or you have to wait for a long time.

Nah, you do not have to do anything of the sort,,, this is only the activity of day trading and pumper and dumpers. If you really like a new project you only need to support its development and follow closely, and contribute on your own be it through helping beta test or using it simply. Just like how bitcoin started out!

I think it was all a trend in the past years where ICO is popular, A lot of altcoins in the market are all dead obviously in the past years I have a lot of holdings (altcoins) trading it was a good move in my opinion since the price movement has a bit of volatility in it you could still make some profit through it. Don't get me wrong there are a lot of popular altcoins in the market that has a lot of potentials when it comes to long term investment like ETH, XRP, BCH, etc. but surely aside from popular tokens holding other altcoins has a very low chance to experience a price increase from the past years. I think it was just because of a lot of scams that happened and alt because of so many altcoins that are already created to the point that there was no demand for some of the other altcoins.

https://i.imgur.com/kEzM6Eh.png

Telegram groups will definitely help you to gather some information on what is happening on the coin that you are currently holding as of now. So, you better not to leave them since you will be notified if the coin that you have is rising up or has already a value and ready for selling. Do not just dump your coin and make sure that you sell it when the right time comes.

This is quite subjective and it depends mainly on the type of altcoins in your holding. Some altcoins are worth holding on a long term basis but others you just have to hold it for a while before selling it off. I am currently holding some good altcoins together with BTC and i don't plan on selling it any moment soon. Feel free to fill in your bags with $LINK, $DIVI, $OLT.

sometimes long-term hold can bring big profits, sometimes vice versa. it can happen according to market conditions. if the market is in a downward trend and stuck, then long-term hold is not the solution. because the market will be strongly influenced by transaction volume, so to be able to pump the market efficiently is to increase the purchase volume.

I completely agree especially if you are holding an altcoins that have no strong reputation yet like it is not listed as top 20 or top 50 in coinmarketcap as there is a big risk that the price of the altcoins that you are holding will turned to nothing.

This will happen once the team will abandon the project or their marketing is not moving so their demand continues to shrink instead of growing. Monitoring them regularly is very important even if you cannot do it daily then find a time to monitor them even in weekly basis so you will not loss that big if the prices will continue to decrease.

Investing in altcoins can be a bit complex, because you don't know the new altcoin that will scam and you don't know the old alt that will eventually lambo. The fear is always there so the temptation to always hold and buy more when it looks saved. New alctoins sometimes dump their project to create market awareness then will later dump to its original value or even below.

Market volatility is normal for all types of cryptocurrency. Until now the price of altcoin continues to follow the movements of bitcoin prices, but without the development of the developer, I am sure there isnt much demand in the market. Holding potential altcoin I think is not a bad thing to do because this potential altcoin is an investment instrument suitable for the long term. I like the top 10 altcoins in cmc for long-term investment, I hope you like it too.

In this kind of situation, you should be responsible when you are holding a coin. Whether it is one of the top altcoins or not.
Not because the coin that you are holding is very low, doesn't mean that you will just leave it behind for years.
Keeping yourself updated for the project is a must, it is your responsibility to avoid getting your investment put to waste.

Either way, risk was and will always be associated with regards to investing in crypto space, and in real life too. You just have to pick among the potential altcoins were the best thing to root in. The catch here is that, sometimes, the one you put on high hopes turns to go on an opposite direction. Thus, supposedly the short term holding became the longer one having the same expectation that sooner, when the right time comes it would have at least a decent price, though unworthy of the time you invest with it.

Agree, considering at least the bitcoin's market timeline. Altcoins could do the same thing, holding for long term neither a bad nor a good idea as well (anyway, who am I to talk, right), it is IMO, if user want to have income secured as should gonna be, may be then, short term would be the best/fit idea, however, if user want to have a double supposedly profit, may be then long term would be a great idea, considering what bitcoin did way back before.

Maybe you are right but I am not willing to sell altcoin which in my opinion is not the time to sell, I mean I have not gotten enough profit from that altcoin even though I got it from a bounty campaign. Maybe it's too naive to expect a lot, but I'm still waiting for the altcoin season to occur again. :D

One day I heard someone saying he can't hold altcoins again or mostly new altcoins, then I asked why and his reply was, due to swapping. Many people have lost their assets all as a result of swapping hence I don't blame people who tend to stick to top altcoins to avoid unnecessary stories. The team will always clamour, holding but when you hold , swapping takes place and if you weren't informed, that's it. At the same time, it then shows that any coin you are holding, ensure to always visit the telegram group for updates, and if you are a type that want to hold for very long time, then go for top altcoins.

If you have invested in something then it is your duty to keep track of it. I am not here to support INS team or agree to the terms on which INS is swapping but as far as I have seen the team is working non stop and the implementation of the product in real life is possible. They dont want people to dump their token in the hype of "Mainnet", I guess they have a point there.
Many teams are doing lots of stuff in either delaying or deceiving the investors to hold them to the project. Swapping and holding of INS might prove profitable.

if we have faith to our coin or token from bounties campaign, we could hold it for long time till all roadmap finished developted. i know just holding could not maximize our profit, but when we sell it on wrong moment it could be big mistake for us. i am ever felt this, when i sell my coin suddenly its price continue rising alot. altcoin season will coming soon , and hopefully our assets value could increase alot.

The problem here is the picking of those projects with use cases. Not much have these and even major coin listed are just traded without any use case. Take for example Binance. Not all tokens there have use cases. They say Binance listed only good one but I doubt that all of them are good. Some are just laid to get listed so better avoid trusting all altcoins listed not every project is good.

Holding altcoins in a long term is good as long as you are 100% sure for the coins you hold for a long time dude.
The only risk or problem I see with it is that when hold the wrong coins in the long term. It means, in the end it will be a waste
of time only for hold em in a long term. So, we should be wise in choosing or investing altcoin in the market.

This happened to me and I really regret that I have too much confidence that I would gain a good profit through my holdings in time without exerting too much effort. I wish I have checked on my holdings' telegram so I got updated but I already lost the opportunity of earning through it. That's a lesson learned for most of us.

Holding altcoins for a longer term is disastrous, many have lose their wealth on altcoins. Although am not a good investor of altcoins, but have invested much in some altcoins which later landed me in loose. Am now very caution of how long I have to hold my altcoins before sell. This singular act have ruin a friend life in 2017. He invested in one project then hoped that it profit yield positive, but the rivers was the case as he run at lost. I don't hodl altcoins on a long-term.

I think it was done by the developer to continue to force users to keep turning their coins. We know coins can continue to live from supply transactions. so when you defend it for almost 2 years it's quite a long time that should have helped the development of the coin.

This is the common mistake of long term holders, they don't give enough effort to keep an eye on their investment which is too simple to do.
Holding for a long time is also risky since updates like this one might happen. There are also few instances that they change contract addresses that's why keeping an eye on our investment should be done.

Using blockfolio you can't miss out any useful news about the coins you are holding, I have been able to keep track of my portfolio using blockfolio, with this app you will always stay updated without missing any useful news

The title of the thread does not give a good caption of the OP post, however. Its a well written post which will help every coins holder especially long time holders. It might not be applicable to ethereum and some top coins because their updates will be everywhere. The way things change now is too quick and some of the CEOs dont disseminate information efficiently, so its important to stay in the telegram as long as you hold their coins.

That's very unfortunate. But you are here in the forum every time, the team should have update the ANN thread they created here for all to know about the updates. This is also something of the teams responsibility, shouldn't they have the perpetual swapping?

I have hold some coins too which there is an update to Bitfence Honeypot (HYN) which right now is bittrix and this time they are also migrating to EOS platform from ETH. The old projects are waking up  ;D

It depends on different altcoins. If you hold the top altcoins in this market, it will surely be profitable in the long term. But if you hold altcoins in addition to the top 50 coinmarketcap, the altcoins will likely die or lack volume in the long term because every day we will have better new projects to replace them.

If you are planning to hold altcoins, the best thing you can do is find the ones with the potential of improving in the future. Having lots of holdings with random altcoins is an unhealthy investment. Some of it may stay stagnant till the end while some may soon improve. With the upcoming halving, you should already pick those altcoins that may be pulled by bitcoin's value increase. Make sure that those altcoins are in the toplist so that there would be a higher probability of it increasing as halving takes place sooner. Be wise with your decision and make sure you analyze everything a lot so that there would be no regrets.

If you do hold into something then you should really be at least be updated on what are the progress and developments of the project.
This is actually a lesson learn on your side yet you've missed to swap those coins that you've been holding for too long and with that
mistake you do able to miss on making some good amount of money.This is just on some cases though yet we know that altcoin
market as of these days turns out to be shitty already.

I agree. It is in need that at the very first place is that you have already recognized and sorted out the good altcoins from the bad ones and determine which is good for long term holding and those that are already needed to be given up for the sake of obtaining profit that can be used to buy some sort of good and potential altcoins. If you do really insist on believing into some sort of random altcoins is that you need to keep yourself updated all the times into the latest happening and updates from the team to be able to keep yourself up into knowing if you already need to give up your hope into such coin to be able to move on into investing or getting into another altcoin that have a lot more potential than the ones you have been holding for a long time. Knowing when to give up is also in need to be able to explore other existing altcoin in the vast market. Do not put all your life into sake just for only one coin you hold for a long time.

No one really knows when the downfall of the market can happen unless it already happened at that time. Maybe because you are overwhelmed on the market that time and because of that you really gain a lot of confidence to hold your tokens for a long time which is you are wishing as of now that you should not do that time. But you already decided it, whatever happens in the future must have plan B, what is the big deal if the token you are holding as of now is a token you are holding for a long time, as long as it is still there, I think it is still good for you because you have a chance to wait for the market to rise up again like the value of your tokens also.

Indeed, as an investor, you should know this one because maybe that time the particular project you have supported is good but when the downfall happens, they don't have some other plans to do and they cannot rise up again, sad to say but there are projects like that. So what are you gonna do to know that? You should read the whitepaper and the roadmap.

Not all altcoins will be going to downfall, there are some that have the potential to hold. I will look into it first before deciding to hold or not.
I'm not a bounty dumper especially if I saw that projects are really good. I can extend my patient and wait until the moon will come and harvest all my profit.

I have so many shit token in my Ethereum wallet but I let them sleep until the price is reasonable for me. All of these are depends on you, if you sell under the ICO price you will maybe lose profit.

You're right, altcoins like ethereum, BNB, BCH, BSV, and others are altcoins that are worth holding back. however, I only hold altcoin which is very potent and I control it. maybe there are some coins that I sell late, and now it has become a meaningless asset in MEW that I have. yeah, maybe altcoin like that shouldn't be held in the long run.

Depends on what altcoin you are talking about, sure you may not want to hold something very low and not really liked for a long time and I can understand that, but if you are holding big ones like ethereum for example that means you can do it and you actually should do it. It is just a way you could potentially make money and that is kind of the whole point of holding long term as well. If you can hold bitcoin for long term, you can hold ethereum for long term.

There are some others as well for long term too but everyone should check those for themselves, I just shared ethereum since it is second ranked biggest coin of all time and highest ranked altcoin right now so that was obvious but there are few out there which you can hold for long term as well.

Holding for a long time is a choice, looking on it most of the time is what we need to do. In your case, you just let your investment to keep outdated and never intend to do anything but to store it and hoping for an easy money. That is the most idiotic action you could do in terms of long term investing.

You aren't the first to experience this and probably won't be the last. Making our investment security our number one priority is something many Investors take for granted that's why issue like this come up every now and then. Assuming you're not comfortable staying in the telegram group due to the numerous spam and off topic discuss, you can follow other social media channels of the project that way you won't be left behind Incase of any development. Telegram channel is a more preferable news update medium.

Also, if I'm not mistaking we have service providers that offer this kind of service where information relating to upgrades, blockchain swapping and exchange listing of different project are been posted daily. Following this channels will save you the stress of experiencing similar situation.

Like you, I suffered a similar loss. Holding a random coin long term is not a good idea. Because they doing new update, swap suddenly so it’s hard to follow everyday their new updates. I think many people in the crypto community have had this experience in some way. From here I learned that if you hold a coin, you must know about the regular update of that coin. You have to keep track of your investment. Otherwise a huge loss, waiting for you.

On a sincere note, swapping of tokens has dealt with many investors who wishes to hold for long term, and the worst thing is, after swapping is done there is nothing that can be done about it. This also justifies the fact or the reason why most investors or users who wishes to hold long term tends to go for projects that are already on their own blockchain or preferably top altcoins. On the other hand, Information is also powerful which is why no matter the type of altcoin you are holding, visiting the group of the said altcoins once in a while matters or if possible setting your email to always receive notifications from them. I believe this will go a long way in reducing sad aftermath stories.

I think investors should take care about those things because the coins swap is regularly happening in crypto market because of changing their blockchain platforms or launching own blockchin. So if we are a investors then we have to check the details about the coins status and prices daily or weekly base otherwise we will lose our funds if anything happens like that. So we have to take care those things.

Losing our valued tokens that we have been working for a long time is very much possible if we fail to make updates from them. As an investor, we have to keep track the details every now and then of all the tokens that we are keeping in our wallets. It's good to hold potential tokens but we should not let them just sleep in our wallets for a long time without any updates from them because if we do, we might wake up in the morning seeing all of them turns into zero value.

You are so right . One of the reason why these new coins is very dangerous is because of these swaps that just comes at will. If you are really following them, you won't know what's going on. It's always good to trade your coins and in case you invest what you can't afford to lose , make sure you give it the time needed so will be able to know the next move on any coin you are holding.

If you are telling for random altcoins than I will support. Another main reason is project roadmap before buy any coin. All token hasn't future plans to swap own coin, so by whitepaper you can confirm it before buy token for long time. Even I don't want to gathering to seap for few tokens that I got in bounty rewards.

Same here. I lost many coins because of these swap thing. Naturally I don't  like to swap any coin basically because of the procedures involved in it.

The only coin am happy holding today is Atomic Wallet Coin (AWC). Even despite swapping to Bep2, the Erc20 AWC is still much valuable as holders of it can still trade on exchange or swap for AWC Bep2.

This is a lesson that I learnt at least two years ago. 99% of the altcoins are hopeless, as they don't have any real life usage. Holding them for long-term is not recommended. You will get a fair idea if you follow the development news. If the project is going to fail, then you will get enough hints in the first six months. And that is the time when you should make your exit.

I have learned my lessons the hard way. When I was new here I have earned and invested in some promising project (which I think will have a long term potential). And ended up losing thier value down to even multiple folds compared to their ICO price as time goes by. Take note that wise investors come and go, and jumps from project to project to earn.

I think holding altcoins is only good if you are sure of the value of the coins you have. I have a lot of coins in my wallet that although they are still in the market, their value is ridiculously low and will only be sold at less than a dollar. Sometimes, its profitable to just sell your coins immediately after receiving it rather than holding and waiting for it to rot.

As long as you are holding a good alt and you will be fine but not until the market gets rekt like this time and the only best thing to hold stable coin to secure our profit from the market. We are heading the bearish trend caused by covid19. The world is in the urgency about the spread from covid19. That doesn't matter what kind of altcoin that you are holding it right now as long as it's a popular coin and it has big liquidity

For shitcoin, we should always not hold them except for high alts, I will say we should always hold them as long as we will. a powerful project like ETH will provide massive profit for future holding. you'll be able to hold a brand new project coin too however you must study that project that has enough potential to survive the market or not.

This is what I did when I first joined the cryptocurrency world, following a bounty and airdrop campaign that I really selected tightly so that the project I worked on was good but took a long time to be traded. Therefore I did not check the telegram group for a long time because it was very piling up and did not know they had swap.

It's  always important to visit the ann thread of any coin that you are holding, like what happened to you regarding to the swap that took place
some of the project give specific time for every holders to exchange their tokens if you failed to do the task then those coins that you have will
be stuck forever inside your wallet,.

This is 100% correct. Keeping up to date with project developments and latest news. Swapping of tokens is the most dangerous thing for you if you don't know about it. Recently TEMCO, WITH projects also did swap their tokens and many users who were not connected with the Telegram group lost their investment.
Another threat is that the project may get closed at any point in time. Recent examples, CPT and blobflow.
So I believe we should convert our coins into BTC or ETH as soon as possible.

Keeping new altcoins are very tasking, you have to visit their channels everytime to stay updated and not miss any valuable information, you have to make that decision from the start before investing in new altcoins

That's right, if you have a lot of different cryptocurrencies in your portfolio, then you should constantly check all the news and updates related to your cryptocurrencies, because you can skip the huge pump of any token or token swap.

ouch i feel you man  . the same thing are going to happen on one of my token before but before the swapping happen i luckily sold my token at  a decent price  although the price rise a little bit more but still fine because i dont invest a money on that token but i only got it on the airdrop that i join  . i also dont track thier progress and i dont think i have the time to check them because i was also busy but now i think this serves as a lesson to us if ever we obtain newer tokens and altcoins  just to be safe from probable swapping  .  

Honestly it's wrong to buy altcoins and locked them away and never look back because many thing can happen in short period of time, unlike bitcoin and eth that one can hold without looking back new altcoins are different, from testnet to main net, from an algorithm to another algorithm, this happens alot, it's good to keep an eye on your coins

I agree with this thread, the market landscape is continuously changing in a year to year basis, thats why for me as a cautious believer, I don't recommend for holding any cryptocurrency for a long term purposed, I still remember what was happening during 2018 bearish market condition most of my altcoins was doom and almost half of my portfolio was wiped out. thats why now I'm very careful with all my actions when handling cryptocurrency to prevent those 2018 experiences happening again.

If you choose a long-term investment strategy, then you will choose such coins in your portfolio that you do not need to monitor every day. fundamentally strong coins that are constantly evolving do not need your constant attention.

Greetings everyone. From my point of view, focus is going to change a bit. What do I mean? Investors are now a bit tired of similar and simple tokens. So as I understand, the switch will happen towards more technological and valuable solutions

Good morning. I am having pretty similar approach. Another aspect that makes sense from my point of view, how team delivers experience. So I always conduct own analysis, evaluating many factors etc. So just wonder whether you are just following any project with innovations.

Nope, I wouldn't say so. There are many things I pay attention to as well. And as for solutions I follow - there are only 2 or 3. If you are interested, my latest discovery is ThreeFold Network platform. What I am impressed with - entirely new approach on IT industry. Heard of the solution already? A popular one these days

ThreeFold? You know, it seems that I've met the project somewhere, but cannot remember for sure. What exactly attracts you in their approach on the industry? Or where can I check out more on what the guys are bringing?

whatever form of investment we are obliged to follow the development of the project, don't hurt altcoin if you miss the update to the altcoin, hopefully this is a lesson for all of us in investing in crypto.
that is my question, is it not possible to contact dev about your problem? and find the best solution?

Basically, there are several points. Basically, I am pretty impressed with the idea in general. Team is building the biggest decentralized grid of self-managing Internet capacity in the world that is being built collectively by an inclusive ecosystem and owned by everyone But of course, much better option is to Google guys and check out their website for more info on the solution, I believe you will be also impressed with the tech side

You know, from your words sounds very interesting, agree. But aren't there any similar solutions on the market already?

What I have noticed, nope, there are no similar solutions with that wide number of features. This is what also looks rather impressive

Really? Sounds impressing. Thank you very much for your help, will have a closer look and get back with my thoughts

For now it is very risky if we make an investment in the new altcoin, because we do not know to what extent the new altcoin will be developed by the team, because many new altcoins are neglected and ignored by the team, causing a loss of value in the altcoin itself.

It always happen to me I lost some of my altcoins because of this swap thing happen after I holding altcoins for so long. But sometimes after the swap their are have a huge happen after the swap because the price of it will take high. So we need to keep all social media they have so that we always know about the update of the altcoins we hold.

Here comes the age old debate between the main coins (btc,eth) and the altcoins. I think we will reach a stage where altcoins which have enterprise and real world adoption will take off. Of course they will not give you gains like the early Bitcoin days but I think you still have a decent chance of making money.

Most times you hear people saying holding is bad and it is this issue of swapping that causes it, hence the total concentration on major altcoins which are already built and have a clear line of development.  But from another angle, most of the projects doing swapping is all for the betterment of the platform as they wish to migrate to their own blockchain so as to fulfill their obligations. Which is also a good reason to have a good roadmap as to when swapping is anticipated to take place, so that every potential investor can have that in mind prior to investing. In the same way, visiting the telegram group once in a while saves unfortunate circumstances.

The communication and updates is really a must if someone really wants to hold and wait for a hype of a token or altcoin. I've been holding so many tokens right now and I admit it that it is really hard to be updated with the current news about these tokens.

Just like yesterday, I was about to lose tokens to be received this coming March just because I did not read the announcement made on the telegram. Gladly, I was able to fix the issue with our bounty manager.

There's also one time when I did not read the news about one of the tokens I keep where it rose up to $4k on its first two weeks in the market. It is really a big amount of money here in my country, and unfornately I lost the chance to sell my tokens just because I didn't get updated in telegram. Hopefully, it won't happen to me again.  :(

Swap thing is surely a pain on the ass when you missed out such event but there are projects that doesnt have a deadline nor a cut-off on when you can swap
out your old tokens which means you can swap it anytime but well if you're too late then theres nothing you can do but to regret on why you havent checked out
the updates into those projects.Profitability or money making is somewhat mixed up with some sort of luck because things cant be always on our grasp.

one should have a separate file if you are holding a lot of tokens or altcoins and update them each and everyone of them. or maybe put a category as active or inactive if it is still in the market. I have also several tokens that I have not followed anymore because some of them are still in exchanges but not worth selling anymore, so I have no idea if there is a swap or not. but if you really invested a good amount of money buying those tokens, I guess it is a must to track the progress of your tokens and sell it as fast as possible before it has no more value in the market.

This is great info, I have also lost many coines due to swap or totally dead of the project after some months. I personally learned to sell your coin if it gives you a handsome return and again buys it in the dip.

Indeed, this is always a must-see because many old altcoins are missing and I also lose a lot of altcoins because they do not follow the novelty of the coin so that its value is now zero, and many investors are not Pay attention to this so that they suffered a big loss because of investing in the old altcoin in the long run, and now we can see many old altcoins that lose track.

For tokens, it is necessary to continue to join the telegram group so as not to miss the news about the swap. At least we follow the social media project that we hold the tokens. For altcoin, I agree that we shouldn't hold on in the long run because there will be new projects that might be more profitable

Keeping yourself updated is one of your major responsibility,

Especially when it comes to holding your altcoin. Always absorbing updates is a must to keep your investment alive. Holding is not only a matter of waiting for a long time and sell if you want to or if you made a profit. It is also about how you handle it in a right way.

Oh, you lost all your money because you missed the swap event. I guess we should always keep update on their telegram if we invest a newly coin in the market so that we know what is the next move of their project.

Holding of altcoins is job for professionals
because you need and must stay updated in facts and figure, monitor totally, because there could token swap any time
or blockchain relocation

I still keep coins that have not yet been registered in the exchange, if what you say has happened, this needs to be followed up on, but I think storing coins can also provide benefits, where coins that previously had low values might be going up in value. The point is always to update information about what is owned.

Always think positive

Before investing, you need to carefully study that coin because you can not always earn a stable profit from this market. In addition, you must have confidence when choosing to invest because some coins are still in a downtrend, so you need to consider carefully before making a decision. Personally, I only invest in top 10 altcoins in this market because these are very interesting options for me.

Holding is not even a job but it can be considered as an investment purpose that must be done by people who really understand about the market, and how crypto market works. It's a difficult task for amateur person to do that. As already stated by OP if he was missing the event and that means if both the developer and OP were in the same position.

It's really important to always check on our holdings and investments especially if they're not on top of the list where we could be kept updated easily. I have coins that I have held and I was too confident that it will grow and rise in time but I made a mistake. I found out that those coins dropped down and have lost their value. From then on, I have decided to invest only with top coins where I don't have to check on it regularly and I would have the confidence that it will give me a good profit in time.

I have also made mistakes and the lesson that we need to understand is that the development of altcoins in this market always has many different cycles, it not only can always increase over time, it still has periods of complete destruction then depending on the community, they will determine the location of its fall and decide its survival, so holding for a long time is a plan that is easy to go bankrupt. Updating and managing, choosing top coins can limit this bankruptcy but in general, short-term goals should still be prioritized

Exactly, holding for a very long period of time is risky, firstly, all capital invested can turn to dust and secondly if not following the project telegram group and Twitter page well, you can aswell lose the token due to swap. Is better to sell and move on than holding for long.

Always updating the news is one of the keys when we intend to hold a coin, because from here we can see its development and what actions should be taken next. But for me it is not interested to hold altcoin for a long time, especially if the coins are fairly new. I prefer to hold a coin that if it already has a good reputation for example; BNB, Ltc, and etc.

I have some personal experience about altcoin sold before the right time, I guaranteed you every altcoin available in Binance will once bounce back hard and even gave you a good profit, Never lose trust on your selected altcoins. But one thing matter that never buy at peak or in fomo if you buy in reasonable postion and hold much long it will defiantly gave you profit.

Of course, you made the right comments. However, over several years of participation in various ICO bounty campaigns, I have accumulated a lot of tokens. This was facilitated by the fall of the market since the beginning of 2018. For altcoins, the price has been too low for a long time and therefore it makes no sense to constantly check the possibilities for their exchange. Checking their telegram groups even periodically is very difficult. It takes a lot of time. I do this occasionally, as needed. I rely heavily on my friends and acquaintances who also deal with cryptocurrency. Yes, due to various swaps, sometimes you have to lose tokens already in your wallets. But nerves are protected. In many cases, such innovations in projects are associated with the desire of the team to get rid of part of the holders of their tokens. Therefore, they come up with various traps, so that we could not do everything in time. I lose some tokens, but during this time I get several new ones.

yea i agree it is difficult to do so to be honest as there are lots of coins/tokens and over the period of time you will end up with more than you can manage. The swap thing is very irritating though as its very difficult to remain updated with each token. Well in term of bounty hunting and airdrops its very difficult to keep tabs on each token/coin particularly when you have 100's of those mostly shitcoins.

Information is very vital in whatever we do whether in the crypto space or not. Therefore anyone holding any coin whether for long term or not should endeavour to visit the appropriate social media accounts of that project for updates in case of swapping so as not to be on the losing end. Also, am of the notion that holding is a good thing but depends greatly on the type of coin, thus in my own opinion I think, if one want to hold for long and won't have time visiting the telegram group for updates then major coins can be the best as it will save them unnecessary worries.

Finally hodlers get rekt as opposed to what was commonly preached some years back. It's better to take small profit than riding down to bottom hoping for moon

Yes we cannot earn profit just by hodling it unless you are a long term investor, I am sure most of us are not long term investors to invest and forget we need to strike on every single opportunity by making the right moves like buying at dump and selling off when the value reaches the ATH. I know it's difficult to always guess the market situation or act promptly but that's the only way to stay in the league.

This is a problem for those who hold a lot of assets. This is wrong, because it is very easy to miss something. You need to keep your investments under control. And this is easier to do if there are not so many of them.

Indeed, many coins circulating sometimes they do swap on the coins, so don't let not know because you will loss funds. As the OP said, we must continue to follow their telegram channel and at least every two weeks check the coin community through its telegram channel, so as not to lose the latest information.

Definitely it's very hard to control your altcoin portfolio when you hold more than 10 coins. Especially if there are many low capitalisation tokens there or some new coins.

I have more than 10, maybe 20 or more and you are right, I was not anymore following the update and sometimes when there is a swap, that would give me a problem as coins that I am holding might go worthless if I am not able to swap it at a given timeline.

I realize that we need to hold only few, something that we can follow timely as there's a lot of changes especially on altcoins.
If its only bitcoin then there is nothing to do but just "HODL" it.

That's one thing to be sad about. If your busy schedule has been the reason of missing it is really painful to bear.

I dont get the logic here, why it needs to be professional? Though altcoin is simple especially if they are using ethereum blockchain. Swapping of tokens are good but it doeant mean normal or average people are not allowed to be holders. Time is the reason why some swap or event missed since not everybody have free time all the time and some have work.

I like to keep Altcoins in my cryptocurrency portfolio. I believe that in the future coins will bring at least 300% of the current price level.

when it comes to alt, its always made me not satisfied with their price. Especially new coin or token, being pumped and dumped always been something i 've always seen. Not too long ago, I ve tried to join a bounty which takes about 1 month to get their token. And like i said before, they were pumped at IEO and now after airdrop distribution, they get dumped at their own market.
It so ironically when some dev try to pull investors at IEO and after IEO and those airdrop just dumped their coin like there's no chance those token will be rise from that IEO level price. Since it like that, now people who are investors need to jump in to follow their dev channel and bounty too. Since they can choose wisely how much risk they will take if they investing in those new token or coin at IEO.
So for my advice is u cant hold new alt for sure if there's no innovation in it. If u just wanna be part of their token just follow their bounty and no need to invest on those things.

Market is mystery and have volatility, people should understand it before replace money. Every strategy have time and " hold " for long term period is only for popular coin ( btc, eth, xrp, etc ) but new coin can't use it. Before replace money, every trader/ investor should have plan and I agree to keep up date with developer news progress and market situation. Most trader replace money and leave it but I'm really sure if we do that our money will not survive.

I have also this coin, after I found out that this coin is for swap I sold my ins in binance.I'm also not updated that there was a swap on this coin, until I check the update on their telegram group. If we are planning to hold alt for long term we have to check their page or telegram group if theire is an update on this project. I have regret I wasn't able to sell ins when the price was high. Lesson learned to be always updated on the coins that we hold in our portfolio.

Yes you're right. I think it is necessary to keep in touch all the time to the telegram groups or any of the social media accounts of what/where we invest, in order to know the details and updates if there are some changes or development of what we hold or invest.

If you are in an investment cycle, you cant just be quiet but you must be at the forefront of knowing all kinds of information about the assets you are investing. We never really know when something bad is happening because this popular cryptocurrency is still very vulnerable to hacking and can cause price dump quickly.

One effort to get information faster is to follow all social media related to invested assets such as Telegram, Twitter, and others. Almost every major development always has a positive impact on demand in the market, so investors or traders who get information updates quickly will have the opportunity to get greater profits than those who dont.

These 2 industries you've mentioned are a bit different, however, as far as I understand, you are trying to get into the industries, where you are experienced and where you basically understand the growth. And you told that you are interested in modern solutions, how are you choosing the solutions on the market?

Good afternoon. I cannot say for everyone, but can elaborate a bit more on my own approach and strategy here. I always start with just an idea, evaluating how it may be spread wider, how applicable it is and else. Then a very important component is the value I can get. Or some benefits. Then paying attention to the team, the roadmap and innovations

Sounds rational, you seem to be on the market for pretty a long time. And as for today, are there many platforms/solutions that pass your "test"? Would be definitely interested to hear some recommendations

Well, my own favorite is Carnomaly. In few words, Carnomaly automotive rebate was created to allow consumers who purchase new and pre-owned vehicles the opportunity to save more money when purchasing from an authorized automotive dealership. Consumers who hold CARR tokens will be placed into tiers which will allow certain benefits based on tokens held. The more tokens held, the higher the tier, the better the rebate is. Consumers will be able to get a max of a 30% rebate. Of course, I also recommend you to have a closer look at their website to explore more

why you wont know when in the first place you said that we must alert and stay updated on the market or on the coin that we hold .  if we are updated we will know if they will make changes or not but when it comes to hacking or manipulation , no one  will warn you about that because that is a compulsory job by the people that are unworthy .  but manipulation is better than being hacked because theres still a chance that you can recover what you lost but in hacking , chances are super slim

I always evaluate the value. One of the most interesting solutions for me is GET protocol with entirely new standards on ticketing industry. In few words, GET Protocol offers a blockchain-based smart ticketing solution that can be used by anybody who wants to sell tickets in an honest and transparent way. And just imagine how large market is and how solution can help here. Also, for example, GET team announced that they are moving into the Korean market. On top of that, GET Protocol will be the first BApp in the ticketing vertical to partner with Klaytn, the blockchain subsidiary of Kakao (look that name up if you don't know it..). And around 300k tickets are sold already via GET. This is the amazing example of real solution that brings real benefits. Also interested in your opinion

There is no point making invesment without taking full  responsibility on it. This is as good as throwing money inside the ocean. First you need to be responsible for your investment and that needs proper follow up so you can know when to sell off , take profit or hold .

True. If you're holding coins, you should always check for updates. Some usually undergo swapping and I've observed once the swap is done the tokens losses their value. So better be updated so you'll know what to do with your tokens.

Depends what altcoins are you holding but if you hold a lot altcoins from my experience in the end the wait will pay off if you won't sell when the pressure its big and you won't sell again and the 1st profit you make with that altcoin (again depends what you're holding ).

Personally I hold some altcoins for a pretty long time but I never hold altcoins that don't have something to offer and the team won't work enough in order to improve the project and bring new forces and new techs into it.

This is a rather multifaceted question, to which we will not find a direct answer. The issue with our altcoins is not simple. Indeed, each altcoin has its own strategy, its own business. Some may be scammers, others simply inexperienced in their endeavors, in the third it will turn out to be a successful project. To know in advance the result of the appearance of each altcoin, its future profitability is impossible. I keep my tokens for now and hope that at least some of them will bring me good profit in the future.

It was mentioned many times around and it's really helpful to your investment as many times same incidents has been happening to this industry.
Keep yourself updated it will increase the chance of getting much higher benefits, knowing when to position yourself and act in the right manners
to avoid losing your tokens or value of your assets.

If you "gots the balls" you can keep the tokens on a trustworthy exchange, as usually they will do the swap for you (binance for example)

I think it is better to know much about the altcoin before one will decide to hold for a long time.It is very true many people hold some altcoins for longer period of time just to wait for price increase of such coins but later lost it all. Having some vital information about the future projection of some coins is very essential before any decision to hold such coins for long. A lot of changes could come up while holding such altcoins and if one is not current with the trend of things in the social media handle of projects that own the coins,one may loose out.Hence, if one is going to hold altcoins for long,it good to be acquainted with the news and development around the coins.

I think this is a typical mistake of any holder.Naturally, those who hold any coin should always be aware of all updates and news regarding this coin.For 2 years, you could still view a group of telegram at least occasionally.

Invest in tokens like temtum that didnt do and ico OR ieo , privately funded and now working with anguilla to deploy their national currency.

I'm going to buy in now before this hits the mainstream news.

LOI just been posted by the CEO in the telegram group.

Most times we loose alot of investment because of lack of timely information about our investment. It's our responsibility to be updated about anything we invest into both in and out of crypto.

Good advice, friend. I have a story like yours, but I always update on their telegrams and Twitter so I always know about every update. both traders and new investors, my advice is always monitor the channel telegram from the Coin that you keep because every update will always be pinned in each telegram so that the holders can find out the good news.

It is very difficult to follow the social projects of all the coins that are in my cryptocurrency portfolio. I generally recommend storing 7-10 Altcoins now. I think that many coins will grow in value.

So sad you didn't know about the swap. Indeed if one must hold for long,the one needs to be in their telegram group to find out about updates and information to know more about his or her holdings. Like you said bitcoin and Ethereum are safe so is other coins as long as you are updated.

Many misery things happened in the cryptocurrency ecosystem. Holding coin since after bull run in 2017 is never encouraging till now, all the coins I held since then is haven't showing any improvement of given me high ROI( Return On Investment).

In my opinion, holding coin now is not to be educated in this current market situation, selling off coin to USDT stable coin is more perfect now.

It's hard to generalise and out it like that in a sentence. Yes right now altcoins are highly risky to hold as we don't know which coin will come of the bubble and last when the block chain and crypto industry standardises. But bear in mind that if you chose the right coin you will be in for a healthy reward.

The fact is that we are already on the verge of the time when cryptocurrency will be appreciated either due to a popular project in society or because of the support of speculators in the cryptocurrency market.  Of course, these two options give good chances for an investor, but you should always be very careful about altcoin, because not all altcoins have a final product, and not all altcoins will be supported by speculators when a tight market correction occurs.

The mistake you made was leaving their telegram or social media account, so you miss all the important information they update. Experience is the most valuable lesson, the loss that you experience can still be corrected in the second chance. If you want to keep a coin for a long time, you should choose the top 10 coins in the coin market.

Noted to everyone for always checking any news or updatw from the project that you invest in. We need to search new information from that project or this case will happens to you. Well at least you learn something from this bro.

Bitcoin is the only coin anyone can hold anyhow without worrying about swap or new forks or something of such, if you want to be an altcoin holder you have to stay active, do not lock away without looking back, it's dangerous

right, for beginners it's better to invest in the top 10 rankings, so the funds are safe. I think a good defense is to secure the funds we have. and the thing to remember is don't assume it's easy to make money in the crypto world, we have to know the risks, so we have to do research really seriously

Much depends on particular solution, I would say. Cause talking about me, I am always evaluating different parameters from concept to technology, innovations, roadmap, milestones. And I wouldn't say that I've found out many advanced solutions that are available on the market. What is your approach here? And are there any innovative solutions you can recommend?

Hello. You strategy definitely makes sense and what I would add here - there are many abstract solutions with almost no practical value. As for what I can recommend, one of the most advanced concepts I am aware of is Carnomaly. Have you heard of it? Guys are bringing new standards onto automotive industry

Carnomaly sounds familiar, but cannot remember for sure. What exactly are they coming with? Can you elaborate?

In few words, Carnomaly will become the first company ever to offer a worldwide rebate for an automotive purchase. Both new and used vehicles will apply, as long as they are purchased from a verified legal dealer anywhere in the world. Upon completion of our consumer platform, Carnomaly will begin buying back tokens to replenish the rebates. Of course, there are much more advanced features, so I recommend you to Google them and have a look at their website

You are saying just but the truth, I personally list huge dye to lack of follow up and I trusted the project and team not to disappoint me but they ended up not watching their coins movement, funny enough all dumped on me and I lost hugely, they are still functioning but volume isn't as before. It's best to follow up projects on their social handles so as not to miss out.

Well, as a holder of the coins, we should always stay update about the news on the coins we hold.
Not staying up to date means we don't know the latest info about our coins, which is bad
Swap information is important because it usually require our action to get the new coin of swapped coin.

Sometimes I question the need for these swaps. There are projects which swap immediately they are launched and one begins to wonder why they didn't swap before launch. My fair conclusion on that is that such projects had a bunch of confused team members and a shaky end. However, I don't have issues with projects that automatically swap their tokens and effect the change in all tokens held in private wallets. It's a good way to go. And not the manually done swaps.

Up to date information to the project that we are holding, important updates needs right actions to take. If you'll missed things like this surely you also
missed every opportunities. If you are holding any coin you have to visit their website every now and then, knowing what are the progress and what are
the directives from the developing teams in order for you to know what will be your next plan,. whether to keep holding or if there's  a need of dealing with your assets.

I've heard people losing their tokens due to lack of information and all. Most Eos holders lost their tokens during the token swap. We should try to stay updated with these tokens especially when we hold them in our private wallets not on the exchange.

good advice but it seems like it doesn't really apply to alt in the top ranks, they will definitely develop or have goals for the future.
while for alt which is far below 100, use it only for daily trading and not for long-term saving.
or for the good reason you can save btc for long term, and alt like eth,xrp,bch,bnb.

That is common if you lose tokens due to lack of information or when you swap, because tokens that have been swapped already have a new contrac address, so the old contrac will no longer be visible in someone's personal wallet.

You're very correct.  I have similar experience too. I got some altcoins via airdrops and bounties, I decided to hold them for a while probably because of the hype they got then. Unfortunately, I was away for a while from their telegram communities.  Behold when I later checked the update about the coins, it was so pathetic. Some that listed at $0.01 have become $0.00001. I just have them as decorative coins in my wallet now.  It will do us a lot of good checking update if possible on a daily basis should you want to hold any altcoin.

It depends on the altcoins we hold, if we hold the top altcoins in this market, we will surely get a profit in the long run. But if we hold altcoins outside the top 10, in the long run these altcoins can collapse and die. Over the past 3 years I've seen thousands of altcoins like this, need to be very careful before making investment decisions.

- I think it still applies to top altcoins because of the fact that top coins can no longer sustain an upward trend in the long run, except for bitcoin can still attract capitalization very steadily, top altcoin almost had to share capitalization with the altcoin below. Their potential has been used up and there have been no new changes while their competitors are too potential and constantly changing, top altcoins can only explode in a short time, long-term holding will not be able to optimize profits, this is the time for us to think carefully about holding.

and also actually holding altcoin in the long run is a bit risky, unless you choose alt which is really good like eth, bnb, xrp and others at the top.
if you only hold new coins listed in the market and hope the next 6 months will rise, it is too risky.
80% of projects listed in the market will not last for a long time.

But that is the risk of having altcoins specially those comes from Bounty in which at some point leaves us no option but to hold ,there were times that after receiving the payments from the job suddenly the value turns to almost zero so what can we do?stay holding and forgetting that we have the said coins until time comes that the project comes alive again.

But the swapping is what made us lose totally because after that our holding will be nothing at all.

Knowing the updates of a coin that you are holding is really important for you to be updated in news and their development, but not all altcoins are worth it to hold because not all of them have a good team members to maintain the coins good value, that is why you should make a good decision whether you sell or hold your altcoins.

Even holding the coins that you have listed is risky. ETH lost more than 90% of its value in 2018, due to the destruction of the ICO market. The less we talk about other alts such as XMR, that much better. Cardano lost an unbelievable 98% of its value in 2018. And there is no guarantee that it is not going to happen again. Even Bitcoin has lost more than 50% of its value so far this year.

You are very right. If you feel you want to to hold any coin you consider as a good coin,if it's for long term,always try to follow their social handle,and like he said their telegram group to know what is going on with the coin,like case of swap as OP said else you will find out that your holdings is worthless if you are not updated.

Many have made this mistake of holding altcoins and then exiting the telegram group which ends up bad for them most times. From one side you can't really blame the project because they are aiming for efficient services hence the need to migrate to a new blockchain or their blockchain thus the reason for swapping which some users always miss. In my own opinion, i agree with you, if you tend to hold for long always check the group or any possible channel once in while to be updated on the happenings within the platform.

of course, to hold a good altcoin for a long time is also at risk, well the name of investment also has its own risks. but no, if you're smarter, detailed about the project, always monitor team development, the price of tokens & their projects. at least you must know how to survive and take advantage in long-term investments.

when I know that long-term investment in altcoin has a risk then I prefer not to save altcoin that does not have a good reputation, I will only choose altcoin in the top 10 so that I can minimize the risk when storing altcoin for the long term.

Agree, holding of coins for a long time is not required today.. Especially now that market is so volatile... A lot of coins did swapping to survive it's value but a lot of investors are not aware of it... So instead we gain profits a lot of us lost our investments... So better to hold those coins that have a stable value in market...

There are altcoins that is worth holding for a longer time, only if you do a thorough research, you will notice they are worth holding for a loner time, only that many fear taking risk. there are some risk that is worth taking and at the end it is worth it. The point is, do a thorough research before thinking of holding any altcoin for too long.

Yea this is true, I have had this experience before and it was with one coin I got through airdrop. These altcoins are going to give you a lot of stress and that’s the truth. If you don’t want to go through all the stress of holding an altcoins and trying to keep up to date it’s best that you forget about them. If you know that you’re not ready keep up with the coin, it’s best for you to look for another coin.

This is the reason I’m mostly now focused on Ethereum and Bitcoin because there is not going to be anything, although this kind of thing rarely happens.

Use blockfolio or other apps that works like blockfolio, that's why these app are created, to keep track of coins and tokens right from you mobile, if the project is new then you have to separately keep track on the project for example staying up to date on telegram group

Keeping track of altcoins is stressful, we all know that! And while apps are used by some people to help them with that most people just don't have the time or have the energy to keep an eye on them, so unless there's good volatility around the alts your holding there's no point in having them fr the sake of a potential profit in the very distant future. For me its not worth the hassle, and only keeping the alts that will definitely change the market like ETH. That's my approach anyway

I agree buying from the ICO and hodling their coin for a long time is a very risky decision.
Because it is very hard to predict the price even though the team gives you a good news . The price will still be disapointing. . And i think the best thing to do now is to buy a  known coin so you will know that it has a big number of investor will it make the coin gives a possibility to pump.

I agree with you. People have forgotten that most altcoins do have their ATH immediately after first exchange listing and when you miss that chance, it will be hard for you to gain anything tangible again from holding such altcoins. The bottom line is, most altcoins ain't worth holding while in bear market condition because majority of them dosen't have a strong community to provide the needed volume and when the volume of a coin thins down, the price begins to take a downtrend movement. Altcoins are a good options when the market is bullish not otherwise

Of course right if i take long time holding any altcoins then i need always follow their channel like telegram and social media with check project roadmap activity. Because if we got store a unless coin then our money will gone even we can't expect profits.

I have been investing in some projects for a long time. I believe that your feedback will come to my attention. I'll join them on social media today and keep them updated. Thanks for sharing your valuable experience with us.

There is a huge number of projects that change the coin name and they allow you to change that currency shortly afterward with the swap. But there are many people like myself and you who do not have to swap them at certain times and have their coins is valueless. That's why the project owners are benefited. So be careful everyone before time goes .

   As I know, but you should do check it, swap is when the project creates their own chain and they move from
some platform to their own chain. That happened to me as well, with Tron. It was ERC token at first, but when
they made their own chain all Tron ERC tokens should be swapped for Tron coins.
   If you made this mistake it's on you. They announce swap months before it happens. You should follow news
from projects you invested in.

You are absolutely right, it can trouble us any day. If the holding amount is large & you hold 2/3 altcoins then damage can be prevented by following the project update regularly. But if you have a lot of altcoins in stock then it is difficult to follow the project update. So in my opinion, it's better not to hold for a long time.

not to worry as long as you hold the top altcoin in the market for a certain period. the most important thing in investing is that you can manage financial management correctly and always monitor the coins you invest. so you won't lose the chance to sell when your coins increase.

If not sell, it is unlikely that they have lost money in this market. I think that if the long-term investment is selected during this period, the opportunity is definitely still available to investors and they can be more optimistic. However, very few people can hold for 5 to 10 years because this is a very long time and people will tend to choose new coins more.

I wish I knew this info like a year ago when I lost my funds almost the same way as op described it.
there should be a list of these recommendations or something

Yep this can be happen if you just hold the altcoins and no updating their telegram channel, you might lost your money. Holding for long is not bad but should keep update their channel so you won't miss the important news.

So sad to heard that that is happened to you so be careful about what coin you are going to invest because most of them are very risky and possible to turn to zero or become no value.

But there is still more coin who are good in longterm such as bitcoin and ether so don't pick the other coins because if you want assurance just choose that because that coin is already tested the potetnial and team are legit like the ethereum.

It all depends on what altcoin are you holding up because if you hold top altcoins for long term you will win a lot more than holding them for a short period of time but if you hold crap altcoins ( most of them are crap ) you will not make any profits unless a pump comes from out of nowhere.  My advice would be to keep your most investment money into Bitcoin and then just buy top altcoins but don't gamble with no-name altcoins.

Yeah. It certainly depend on the utility level, concept, community support and historical info of the altcoin an investor is holding for ling term but select altcoin base on the top slot it have on capital market is not right because there are also some crappie altcoin on the top 100 list on capital market.

it is very common for new projects because I have also gone through several swaps in several projects, following the update of every token that we hold must be done, if only hold without following the update then we can lose a lot of money

This is very right, it's not just about doing research to buy a good coin for long term hold,what happens after is of utmost importance as doing research go buy it,as you hold,you need to know other things and events going on,and mostly importantly,if it is time you let go,protect your investment.

Definitely a good idea to keep track of your portfolio fairly frequent. Waiting 2 years to check the status of your coins is not a good idea to begin with but it's a good advice anyway because keeping track of updates will let you have a feel of the progress the team is making regarding the blockchain, coin, partnerships, usage, etc. If none of those are being developed or improved is better to sell at a loss than holding something that might be worth zero. It has happened to me with some coins, they start the "community" constantly updating it, making progress, and through time they stop developing, stop updating, eventually get delisted and become dead coins/tokens.

When you look at altcoin trading volume and compare it with number of transactions on their blockchains, you realize that these altcoins are just good only for trading. Many traders are trying to multiply their Bitcoins by trading BTC/alt pairs.  8)

Long time holding of altcoins is for professionals traders . Because updated news , research market , could token swap any time or blockchain relocation any  time . So you need to consider carefully before making a decision . The point is always to update your information about what is you owned in your portfolio . Which will defiantly bring to you profit.

Holding altcoins for a long time is a not a bad thing, but holding so many different altcoins may be problematic in the end, because it's difficult keep track of all these projects.

hold atlcoin for longtime give you big risk specially altcoin with low marketcap, unless if market price always rise and
btc price stable.then altcoin will be fine, if not just hold for certain period when you hear good/bad news, then you can make action for that.

Sad but true. Sometimes good projects just duying

Ins is giving huge time to swap but problem is about increase supply. My another question, what will be the solution who miss this swap.Their coin will have control in project team. I don't like it process because I think team should put time limit in the roadmap during anyone buy their token. I believe, in every swap someone miss this swap.

yes there have been many cases that have happened like that, for example is altcoin Centra (CTR) which used to have a bounty campaign program in the past few years, and after that there was news that the developer of the project was affected by the case and made several of his teams also affected by the case so finally the price of the token in the exchange place collapsed until it has no sale value anymore and there is no exchange place to sell the token anymore.

There are a lot of risk on holding a coin for a lot of years without updating yourself what is happening on that coin. It is important that you keep track on the current price of that coin especially when you bought that coin with your money and not the money that you earned from bounties or other work.

Even if we say that this coin that you were holding comes from a great project, we still need to know that not all coin will last forever.

My experience never hold altcoin for long term, why I not recommended for all hold altcoin in long time because we can't trust with developer and owner with their coin become profitable at the future or not. Many developer not serious how take care with their coin assets and always bring bad reputation.

I agree with you, but there are some altcoins which will benefit you as well like ETHEREUM, RIPPLE, STELLAR, MONERO. I feel secured enough while I invest on these coins for longtime, actually it depends on coin which you are investing. However thanks for your alert message because most of the altcoins fail very badly we need to be more careful while investing in a coin.

If this project is still continuing to develop the project that they have, and you intend to survive in the long run, then all you need to do is check its development at any time. but, it's not your fault. compilation of people bored to find information, then they will only survive in the long run without searching for the latest information. Even that is for popular coins such as ethereum, BNB, and others. Well, I look at Insolar prices right now, and it looks like you have a pretty bad loss for not swapping

this is the problem if you are buying New coins things that suicide to do if you Hold since we already saw almost all of them that after pumping when reaching the exchange then days or months after and the coins are dying so stop doing stupid things but Buy those currencies that proven their capacity to stay longer.
Swapping is really bad i think because i also have some coins in the past that now gone because of this swapping since i have no idea in the past about that king of developers movement.

Firstly think, why you have invested in cryptocurrency. The answer must be to make profit. But if you hold your altcoins for long term, how you will get profit. Yes, sometimes value may be decrease and you may have to face loss, yet you should switch your fund to another coin if there is any possibility to continue this negative trends. For that, you need to be always update. It is the responsibility to keep you up to date about crypto market and market strategy if you are a real investor otherwise you will be run away from the market.