Bitcoin Forum

altcoins are great for flipping for more btc but dont ever marry a coin. When btc goes on a run past all time highs you dont want to be bagholding ALTS. You will watch them get crushed. I personally was bagholding alts from 4k-20K and they got demolished I even had friends saying man you must be doing well with those bitcoins you have :D In the end alts went nuts and I did well but If I would have waited till BTC topped out I would have made more. So moral of the story there is dont marry a coin/project then  watch your btc shrink get in and get out after you make decent profits. Sure sometimes you can buy an alt and maybe 10x-100x on it bagholding, but there is 1000s of coins out there that wont make those type of gains. Anyway do whats best for you but dont be that guy married to a bag watching btc head to 50-100k or whatever the top might be

I remember of a friend who gave up his studies and went all-in on AMP coin (Synereo - if you remember the project). By saying all-in, I don't mean that he invested any money on it but all his time. He worked as a programmer for them and used to earn $300 worth of AMP each month. He did this for at least 3 years, the project did well and he almost became a double millionaire when the spike occurred in markets during 2017 when BTC was $14k and reached $20k. But he kept the coins as it is, didn't sell them when I even advised him to do so and later when the crash happened, the project itself came to an end putting all his work and savings under the grave. So, you need to know when to sell as that's too an important part of trading.

Many similar stories happened back to 2017/2018 during the ICO boom. Almost the majority of users focused on storing new altcoins and just use bitcoin to make a cash out. Honestly, i was one of them when i participated in bounty campaigns and have a great portofolio of alts but didn't think for a moment that it's a bubble. After a short period of few months, all the alts in my portofolio dropped to zero and i didn't make any profit from what i was thinking. It was the hard lesson for me to know that Bitcoin is the safest investment and the majority of alts are bullshits that no one can rely on.

The hope for being rich quickly with the alts that they hold makes them persistent in holding it. I also hold bad alts before because I was still not educated and less experience so I bought it.
But, after all of these years that have passed. I don't rely on them and it's really safer to have bitcoin.

I do remember also when i do engage myself in bounty before that 2017 bull run and that was in SNOVIO project.I should have get $40k in worth of tokens if i do sell it in time to fiat
but my greed do tell me to hold even more longer and in result? I cashed out it when it is already on $500 mark which is really a regretful thing.All of us do have that corresponding
similar situations in our crypto career experience.You wouldnt learn and realize something if you didnt make any mistake which is really an impossible stuff.

BTC is the easiest to trade so its the most preferred coin by any trader not just to holders. But saying its the only right now will not make them sell the shitcoins they have.

Not working anymore when most of those guys are earning already with alts especially with ETH. They are aware of just holding BTC will make them richer but some users holding more than million coins that suddenly worth 0.10USD after bullrun made them realized its also profitable.

Instead of using the word Marry, i feel like do not fall in love or have any emotional attaches to projects.
As an investor, or a trader, you need to understand that your affiliation with any crypto currency project is for profit based reasons, and nothing more than that.

Do not let the potentials of the [project, cloud your judgement and make you feel in love with a token.

ouch so many similar stories! The hardest part is to sell when everyone is in the euphoria stage it seems like it's going to go up forever. Greed takes over I remember checking my blockfolio every 30 minutes and it just kept going up for weeks I thought I was the smartest investor ever  :D then the rug pull came then I though it's just a dip then eventually I cashed out with nice gains but nowhere near the top! if I would have stayed married to the alts I would be down 95% or more. When all my nocoiner friends started buying litecoin and ripple that was the sell signal :'(

I hold many bags of altcoin, I take profit and never look back, I don't want what happened in 2017 to repeat itself agai. Instead of holding bitcoin in 2017, I jumped into altcoin and this destroyed my asset and plunge me into debt.

Bitcoin is leading the market, alts literally can't start a bull run without Bitcoin doing it first, but they can easily die on their own like it happened to thousands of coins already. As it can be seen from the 2017-present trend, alts underperform compared to BTC while having much higher risk. It's really a bad value to try to hold alts long-term now, you could try to make some short-term trades, but it's so prone to volatility and manipulation that you'll likely just lose money.

I have also learned this lesson the hard way, i entered crypto market in 2016-17 and i was doing good and i was targetting only btc and i had accumulated around 10 bitcoins when then came a ico frenzy and i got lured and started investing in every shining ico, i even invested 2 btc in a fb friends mining plan which failed and he refunded me 0.1 btc back only. While other ico investments shrank to around 50x in loss and i now have around 0.5 btc only after so many years. Now again i have decided to stay in btc and eth only and i will try to accumulate them.

well said I agree with everything you stated! Alts are going to have their moment after btc has its run to all time highs there will be some great short term trades but in the longrun they will dump hard

Most altcoins are for a limited time, in fact they are just ways of acquiring ore BTC. Which is why if you make so much money from it and you are able to liquidate it, then you have the chances of acquiring more BTC and if you lose, you lose the chances of acquiring more BTC too. Taking profit when you see has almost been the song that people sing almost every time.

we all did experience at some point holding tokens or coins that turned out to be crap. we did hope that it will still go up but unfortunately, it continued to go down. most alts that have fate of going down without recovering are those that are created and launched for one major reason - to fill the devs' pockets. they come in all forms, and presented in many different ways but their end is only one - disappeared in the market in no time. so if you want to choose an alt to hold, you should put all your effort to do your own assessment and consider all factors as much as possible that will make a certain project alive in the market. because it is your money at stake and the devs don't care if you lose your investments. and in this regard, very few can survive in this market.

Everyone has different experience with different coins, we have seen some coins pumping right after listing and some coins keep drowning but as soon as they launch their product and it attracts users and activity the prices pumps madly but it may tale 2 to 3 years time. So you never know but one thing is clear if you are in a quality project and they are building something unique with good practical use cases and revenue generation model then the coin will definitely pay off sooner or later so we should keep hodling quality ones and take profit from the projects where we have less confidence.

^ ^ Definitely right, probably all bounty hunters have been experienced on this. I have a lot of dead altcoins too and some turn out to scam. I have tokens that I regret most, after listing I did not sell it because I am hoping that it will pump more but unfortunately, after a month it was quickly down the value, and until now it has remained shitcoin. Probably I was not lucky in choosing a good altcoin because we really don't know which one will be pumping up just like what happens on BSV and BCH. I don't like them before because I am thinking that they are a part of a hype group but now, they maintained on the top 10 altcoins. Nevertheless, not all become useless.

It looks like you were joining in the altcoin at the wrong moment. My friend was also doing the same like you and i just told him to never try to join in altcoin that already traded on the peak price. I guess if you were joining in altcoin at 2016 and you may have become a new millionaire too like some people in this forum.

Holding dear unto an altcoin will make you regret big time in future. Altcoins always have their glory days on the market and every experienced crypto investor will take advantage of those days and hodl more bitcoins by selling his bags of bitcoins but newbies would hodl on and regret later thinking they can make huge profits with altcoins. Most altcoins don't have good use cases to drive in liquidity.

Bitcoin = Long term holding
Altcoins = Short term trading

I agree with OP. If you want to assure your hodlings, don`t marry the altcoins since they may collapse anytime soon. However, there are also alts that are good enough to sustain their project on behalf of a bearish period. So, we have to be very careful in selecting altcoins because plenty of them will dump your capital. It is good to be baghodlers of altcoins if the project has potential to grow or the developers are really serious in the development of the project.

Good advise though, I've been married with different kind of altcoins almost 4 years already, lol..
I would say I'm a bag holder of some shitcoins now but despite of that, I can still proudly say that I made a decent profit of selling some during the last bull run.

It's a gamble when holding, but as long as we know how to diversify, I guess we will still end up with a good profit.
Now, though the chance is very low to sell my altcoins, but I'm waiting for the 2nd bull run, who knows, these altcoins that I held will come alive.

A few years ago, altcoins had high hopes. However, getting here is increasingly concerning. Not intending to look down on altcoins, but indeed most of the altcoins are not too worthy to keep for. It might be true as you said that don't marry altcoins, or you will get hurt more often.
Marrying altcoins (especially new altcoins) can mean that you are risking part of your life in uncertainty, get a high risk, and there is a possibility to turn off your steps. Some new altcoins have even died before they listed on an exchange. Or even they have a volume of "ZERO" when they are on the exchange. Isn't this painful?

Therefore, focusing on Bitcoin and Ethereum became my way of life in this crypto world.  ;D ;D

The moral of this story is that you will never be able to sell any of your alt coin at max and buy it at minimum. Ever. If you will bother about it you will just get crazy. Simply buy alt coin with a reason and then after some period of time check if that reason for those coins still stands. Do not bother with its price.

I think everyone has their own story to tell. But OP you got a point on telling us never focus on such coins/tokens that might could end up nothing in the end. Altcoins can give us plenty of profit and gains once we knew which one is good to put our hard earned money.

So far the one we could trust at least is bitcoin and some altcoin in the top markets. I agree that many of you here have the same sentiment towards holding and got rekt when the market crash like hell but we must not repeat those mistakes.

because of this, bitcoin is always the first choice to be arrested because it has a risk that is not so big. for example, if the price of bitcoin goes down, this affects the price of altcoin whether it's a big or small dump. it's just that, I will not save all the assets that I have in bitcoin. I might put a few percents of the assets I have on top altcoin. I think, almost everyone has felt the same way.

Some established alcoins are great investments and repeatedly rise with a bigger % than BTC over the same time frame.
If BTC is my "first wife", then is Polygamy allowed?  :P

I believe it's greed that makes people hold on to a coin even when there is enough gains for them already, always learn to take profit because price crash is certain and not all coins will survive for long

Every one of us here has lessons about altcoins they are holding, and most of these are unpleasant, I minimized holdings of these altcoins, there are no guaranties that you can make profit here compare if you are holding those top coins in the market, people are very much attracted to new coins with good potential but it will not translate easily because of the tough competition in the market.

The greed is also making so many people were loosing their money to the whales. It's better to any holders to take a point to sell their tokens. So many altcoin holders were holding their coin for a very long time.

I understand your views on trading altcoins. It is actually quite effective for the crypto market. We all know that whales like to make waves and it won't be easy for coins to grow uncontrollably. Besides, the alts here do not behave like businesses in real life, so holding for many years will be an unwise decision. in this crypto market we should only speculate, profit, we just sell and run out. That's the way we can make the most money.

I've learned the hard way investing and mining altcoins, there is one thing Ive learned so far, don't always plan to hold your altcoins when they have already doubled or triple in value, take your profit or swap to stable coin, price don't always surge forever

You can't keep some altcoins for long term or don't bother investing on such altcoins, if you hold exchanges tokens like BNB or top altcoins like Ethereum you have nothing to worry about because these coins have good future but still always take profit when they surge very high and buy back when they drop in price

I'm like that only Bitcoin and Ethereum deserves to be in long term holding, you should not marry or holdl your altcoin long enough, once you realized your profit, once you realized your profit tried to sell some of it if the coin is doing good follow it if it deserves to still be part of your portfolio.

This should state
Do not fall in love with any cryptocurrency. Learn to make a financial difference with your altcoin investment after all that's what investments are for. We multiply it to invest more if your altcoin bag isn't multiplying or adding value to your investment, look elsewhere. If you marry or fall in love your bags you will lose your investment.

Kind of a good rhyme. Alts went nuts.  ;D  ;D  ;D

I do agree with your conclusion but there are also altcoins that are good for holding a long time.
I have been a supporter of a certain coin for years now and I never regret keeping it.
Yeah, there are downs but that is part of the market.
Some investors could be tired of waiting which makes them sell it but there are also keepers.
Waiting for the right moment and risking it for a better return.

Many altcoins are bad for long term holding but you have to do the hunt for the better ones, this is example of coins worth holding for long

1. Top exchanges tokens
2. DeFi projects

The reason why I add decentralized Finance projects is because many whales and private investors have eye on DeFi projects and moreover who won't? It's decentralized Finance, that's something entirely new in crypto space

Altcoins are too unpredictable, the least one you expect to increase in value or survive on the long run will prove you wrong and the projects you thought will grow big will be dragged in mud, better go for altcoins that are on top 20 for now

It is a matter of knowledge and decision,if you know that the altcoin you have is just shitting and near to die then why not sold them all and find another one with good future,or else your money will gone together with this shitcoin.

The problem is good altcoins are really rare nowadays and only few survive when the market starts to fall like ashes.

But if you are bagging ethereum and BNB?i think it is reasonable to wait and keep the holding?

anyway we have our own views what important is we can afford the losses in case our holding fails.

If you are holding coins like BNB, okex token, ethereum neo and other top altcoins I'd say you should keep holding because it's certain that this coins have a bright future, they are very useful and there will always be demand for these altcoins

this is the same as you choose 1 out of 100 coins that will increase 10-100x, while the others will be destroyed.
it's better to buy BTC buy then sell even if you only take a small profit, at least you are not trapped in the long Altcoin drama.
some say alt can go up very fast in a short amount of time, it is true but only 1 in 100 is like that.

Seems you were bagholded the wrong altcoins.
There are good altcoins that worth to hold, worth to wait for the right time to sell and have indeed a good platforms and products. I have few altcoins in my wallet, one of them is ethereum. And I don't even regret bagholding that one. Yes, bitcoin is worth to invest but do not forget that there is still good altcoins to be hold too.

It's like you are going to go forever with this altcoins, it's dangerous and very risky, altcoins come and go once you are late in the ride of selling your altcoins, you will be left of dead and useless coins so better check from time to time if the altcoins you're holding still worth holding.

Don't hold coins that are under top 100 for long, they can bring huge ROI unexpectedly but always watch out for pumps and quickly take out your profits, only hold top altcoins for long, be smart

True! I always set a profit target when I'm holding ALTCOINS. The profit target varies, however, it is unlikely for me to change my target. Once the profit target is hit, I'm gonna sell the coin immediately without holding for a little bit longer!

This is quite true. Holding or marrying too many altcoins is very bad because only a few can always try to retain their values while on the other hand, holding new altcoins for long is a terrible idea because most times the team put their interest first. However I am of the opinion that although many altcoins are not worth holding but I think a coin Ethereum is worth the attention because recently it has shown to grow and always maintain a good price, but that doesn't rule out the fact that holding Bitcoin is the best but yet holding 1 or 2 major altcoins could also be a good idea.

I'd rather say don't marry anything or anyone.  :D

Play solo.

If it is overvalued, just cash it out no matter what it is.

I'm sorry to inform you sir that I've married an altcoins, I'm a bag holder now and I have to be honest, it seems like I'm losing my love to them.
The early months of our married, I usually look at my altcoins bag and I'm inspired looking at it as the market is still bullish, but now, I don't look at them anymore.

Give me a bag full of binance token or huobi token I will gladly get married to these coins and few other coins too  8) the fact is it depends on what you have on your portfolio, some coins are good for long term hold no matter how long you hold them, quality coins aren't for jokes

Yes, indeed, some good Altcoins are good to hold, just holding them for too long is not necessarily good for us personally, because good Altcoins can also go down in price when we don't expect it, even if it's Altcoin from exchanges that are already very popular.

I've bought Waves when their price was about $3. Not their price is above $1.25. Once they were on top20, during 2019 they went down to top50, and now they are on 59 place. I think I've married Waves til death do us apart. On one hand I understand that they wont reach that price ever again. On the other holding doesnt cost anything and fixing losses now is not the best option.

We don't have to hold altcoin for the long term because once the altcoin price increases, we need to sell it right away before the price drops too deep. If you still hold your altcoin and not sell it, that will be a doom for you because if bitcoin price is down, your altcoin will follow to get down, and you don't have a chance to sell at the highest price. From the story, I think we need to know the right timing to sell the altcoin and convert it into bitcoin while we still have time to sell.

Today is already alt season so I guess we can see some good gains on some of the tokens or coins we are seeing on the top list. Yes most of the tokens are worthless and Im also been dragged and married to some of it. We can only bet some of the tokens we hold could fly higj soon but mostly my tokens become valueless. I agree with OP, only focus on tokens/coins that have potential and drop all those tokens came from bounty and buy some good ones like ethereum, and some altcoins that are on the top 50 to 100 at least.

Basically holding Altcoin too long also has a high risk, so in this case it is clear that Altcoin which is always included in the top 10 is much better than Altcoin which is under top 100, although both have risks, but Altcoin which is top 10 more recover quickly and will not die easily because there are so many devotees.

Definitely, they are the leading altcoins in this market and it will grow with bitcoin in the future. Long-term investing in altcoins will give us a lot of profit, just need to be patient enough to buy and hold them.

I am in the same boat as you. Been a holder of plenty of altcoins which I still have as far as the previous bullrun. Too confident that their value would continue to increase of recover for those that went down. But it never happened and now I am holding bags of shitcoins. Really need to change strategy while I can.

Ethereum Is an exception if you got in early, but even ETH went from 1400 to under 100 so marrying eth was still a bad idea if you bought anywhere near 1K. My main point is if you have lets say .25 btc invested in alts right now then btc goes on a tear to lets say 50k if you still held those alts your .25btc alt investment would likely be beat down to .20 or even .15. it just depends how fast bitcoin moves if its a few hundred dollars no big change. of course .25 can turn into .30 or more if your alt can outperform btc. I personally would wait fot btc all time highs to buy alts that way you have more btc to start with when all that money moves into alts then you make good gains then don't marry the bags when you feel like your the smartest investor ever and everything is up 5-10x  or whatever your target is then you sell for more btc!!! I hope that makes sense to anyone new to crypto

Marrying altcoins is something that newbies could do until they later realize that it's not always about holding altcoins, not all altcoins are worth holding, infact many are good for short term only, I trust Bitcoin and Ethereum only

Taking profit is what everyone should be doing. But the issue is that most people don't know where to take profit that's why the hold for long untill they begin to lose. Satisfaction is what will make you take profit , wait to buy back lower and ride it up and keep doing it over and over.

I learnt this the very hard way and I paid dearly for my mistakes. Always believed so much in altcoins and often times, was left rekt with lots of worthless tokens and losing investments in the process. Truth is, most of these altcoins are built on hype and sooner or later, most of them tend to come crashing due to the fact that, they don't truly have use cases and therefore, little to no actual demand in real life. Btc and other top currencies are the best assets to hold your investments. They are stable, have better liquidity and better demand, making them sustainable in the long term.

There maybe some exceptions on the altcoins but 99.9% will fall at some point when people dump their coins for profits so holding them for longer has more risk but it also can be more profitable if the coin has potential to recover.Maybe in future things will get changed but for now bitcoin rules, other just follows.

OP just hit the spot. Never be a fanboy of any altcoin project.  If you see a profit, cash it out.  That is the main purpose (profit) why we invest in altcoin right?  Why baghold and end up being a whale of a worthless altcoin when you can just sell them with profit and move on to another altcoin. 

I honestly dont see something bad in holding unto ones altcoin since it a utilized coin with huge support from the community and miners despite the fact that Bitcoin is the king of all crypto. However, it always good to diversify ones holding in other not to miss out a vital opportunities.
I admired the topic used by the OP this thread 😬

I think you are on point here. This was indeed my issue years back and it took me discipline to learn my strategy to take profits. Now I take a small portion of profits every time it hits a new daily high and buy back on a dip in a specific period.


However, I do not rely on satisfaction as this can also lead on the opposite direction when the price is mooning at high volatility and volume. I simply take the emotion out of the equation and rely on the strategy rules I set upon myself.

I think whales are right now accumulating altcoins though. This is why you can notice more altcoins are spiking up to 33% while BTC stays at 9500 for a long time already. I agree not marrying altcoins but you probably mean the ones that are just shitcoins. Altcoins like ETH, NEO, Monero, Stratis and ADA are worth marrying, I marry a lot of them so I can have sex all the time. A single spike worth a cent is more than a hundred USD of profit if you have thousands of Cardano.

Bitcoin and ethereum mostly used for long term investment rather than short term. The majority of people will be taking altcoins as their short term investment but newbies didn't know about this and they were still holding their coins even that was getting a huge increase in the market. Altcoins other than top coins must be used for short term only.

This is but obvious since market capitalisation of bitcoin is way more than few of the alts put together. At such high cap things are different and unreal. I mean first they get security of their value and keep themselves at steady state of USD value. The max supply of the coin also plays an important role in this regard, where bitcoin is limited and ETH is unlimited. When market moves up and down or go nuts then feasibility of price depends on demand and supply equation. That's why alts can be too risky to hold for very long time. ETH is okay but others I don't know, very risky.

Most people who hold because they hope the market situation can return to 2017, I personally keep some tokens that I got 2 years ago. Indeed sometimes the people are never satisfied with what they get, so that when they already get profit but they want even more, That's a natural thing as a human. But we must be patient and not be too greedy.

agreed short term gains take profit! if its a 2017 type of run after bitcoin goes parabolic then hold for your 3-10x profits but don't get too greedy. I try to take my 3-5x and then buy something that hasn't ran yet instead of chasing something that has already pumped. Treat alts like a summer fling don't marry them even the best projects go through market cycles no alt is immune. If you don't believe me look at the charts every alt was down like 80-99 percent this bear market some even making new all time lows. Some will say now is the time to buy since they are so low, but in crypto nobody knows how low things will go so your taking a major risk. At least wait for some higher highs and higher lows before buying the alt you are interested in. Thanks for all the responses everyone :)

What a misery! If I'm on his position, that happening would definitely haunt my dreams every night for the rest of my life ;D. You know, becoming a millionaire is everyone's dream and it suddenly vanished just because of greed — becoming greedy to get more. I feel pity for him. He stopped his studies and fortunately get a good exchange, however, the worth of it fall so hard. It was just like in our saying, "Pera na, naging bato pa". *sigh What a waste of time, it makes me feel cringy.

guys like that are already wealthy because they arent afraid to push more   . its like they were saying go big or  go home ,  he did go big but eventually he crashed so he go home empty  but what i only dont like about his attitude is that he drop his studies   .  i knew there are stories that also drop thier studies but luckily those guys got lucky that their investment are still growing until now .  for us that arent really wealthy , this serves another lesson that we shouldnt marry the coins that we have not only applies to alts  .

I have learn enough and now what i only having is Bitcoin and i don't care even how much it will loss because i only wait for the price expected in selling.

I use to hold many altcoins before for diversification but i realized that Altcoins nowadays is not good for Hoding.

So even i try to hold them out like ethereum and EOS at least i am looking for opportunity if ever the peice goes up by 5-10 % i will sell them and wait for the fall again.

I am sure the market situation can return to 2017 or even more because bitcoin has a chance to lift the price to the high price, maybe bitcoin price will be more than $20k. That is why some people still hold their old coins or tokens because they want to wait for the time to see the bull run coming, and if the next bull run is coming, their coins or tokens will have a chance to increase higher.

Do you people sell your BTC completely and then put the money in altcoins? Cause I don't get it sometimes. You should be doing some kind of diversification here, like dividing the money and investing where you think they will perform better. Depending on the money I have, usually 80% goes into Bitcoin and 20% goes into big altcoins that I trust (I'm sorry to bee projects, I don't have their time because I have a lot of things I am busy with, so I go with the top cryptocurrencies for now).

So, any money I invest in BTC stays just there and when I sell it, the money and profit goes to the bank till I'm ready to buy again. If we are ready to risk on altcoins then we need to be ready to face whatever outcome of it. Because unlike bitcoin investments, altcoins are not coming up with minimum returns for our capital.

Great advice at least hold 50-80 percent in bitcoin diversify never go all in on alts

Altcoins are full of disappointments believe me no one will want to hold weak altcoins in their wallets for a long time, many have learned their lessons that Bitcoin is the most strongest coin in crypto space, only very few altcoins are that good like Bitcoin

The post 2017 era has taught a lot of people a great lesson in crypto. Many people got misguided and erroneously assumed that altcoins would perform like Bitcoin if they held unto them and never wanted to be a story like the 10,000btc Pizza guy. How wrong they were. Most of the altcoins got wiped off the radar and a lot more scammed the hell out of the people. When you take a closer look you will realize that there's a reason Bitcoin remains Bitcoin while the rest of the cryptos are referred to as altcoins.

A great lesson was learned by me during 2017/2018, bag holding of lots of coin that I think are great for long term such as Npxs, and others coins,I can say that I over married those coins now the only coin I can think of holding for long term is either bitcoin or ethereum, other coins are just for either mid term hold or flipping for short term within days

Only newbies and uneducated people do this things, if you are going to HODL be sure that  you are holding coins that has a proven track record, we can check all the history of the coins since they started and we can do comparison it's open secret for all traders and investors, if you happen to HODL a coin and end up with no value then the blame is on you, investing in altcoins is 27/7 monitoring.

some altcoins are good, but most of them are bad and will disappear.
so you really have to choose the right.
Most people are stuck in a dilemma when all alt rises in 2017 and always hope that moment happens in the near future.

Very extraordinary, you belong to a very great student, but I am a little surprised why at the time of 2017/2018 you do not directly hold Bitcoin and Ethereum, even though at that time you already hold both, then at this time there are also many advantages that you will get, because those who hold tokens or coins will always monitor the price and the development of the coins and tokens that we hold.

Oh my God. That gave me goosebumps. You could only imagine how hard it would have been for your friend to lose all his coins.
He lost all the time and effort. I hope he would have at least sold some of the coins.

I had a friend who did some development work for a project and was offered $10k worth of tokens.
But I advised him to take the payment in bitcoin or ethereum and then the project team decided to pay him in bitcoin but only $300.
He took the $300 in bitcoin and is now happy because the project didn't raise enough funds and hence was not launched at all.

Even I had myself held on to some altcoins for 3 years now but sold it quite recently at a decent price.
The altcoin was at $3 back in 2017 when altcoins were at peak but then the crash occured and drained all the profits.
I am not sad though since I sold it at $0.5. Atleast I got a decent amount of ether for it which I am quite sure will cross the ATH.
By this way I hope I would cover the $3 price in an indirect way and get back the profits.

For me, altcoins are just for money flipping purposes (most of them) although I'm holding one altcoin which is ETH and the other one is BTC. I also hold some ENJ and ETN but just a small fraction of my port (around 1% to both of them maybe).

I also believe that some altcoins are good. They have good technology, the project is good and the main use of the coin is good. Its just that investors don't see it but as long as they can get profit into an altcon then they will just buy it and then sell immediately if they sees an opportunity. Even though there are some who are holding some altcoins right now, most of them are regretting because of what is happening to them right now.

don't expect it will happen again shortly. Current conditions seem to be difficult to expect to get altcoin to reach ATH 2017. Now many altcoins were at the time with a high increase but now they are at the bottom.

I agree with the advice, since people recommend all the time to hold your bitcoin even when it begins to go down some people have the idea the same principle applies to altcoins and that is not true, altcoins are extremely risky assets that could be worth nothing in a single day, as such if the altcoin in which you invested begins to go down rapidly the best thing to do is to get out of it, now some may consider this to be a bad idea since the coin could always recover but we only have to see the history of altcoins to know that the majority never recover after a huge drop.

Couple of things even I understood during that peak is that one should not be investing in single coins and always diversify and stay invested in various coins or the best coins. Also one should be buying on the dips and not on the highs because this is where people tend to lose major money and many do fail in such situation only.nn

I remember talking about an altcoins PRL even it was a success project and i was holding long time. This is bad luck for me because one time prl jump 3x less them profits after adding kucoin exchange but i wasn't sold. Unfortunately some month later price drop and i got big loss. Therefore hold altcoins and want quickly rich with 10x profits is bad decision.

You won't have much problems and losses if you do this

1. Choose popular/top altcoins
2. Diversify your money in several reliable altcoins
3. You won't have too many loses but failure might come around
4. Don't get too deep with new altcoins, they are tricksters

The best is to flip altcoins, holding for a very long time with the aim of making too much gain can be very risky, hold alot of serve token years ago, believed too much on the coin due to the hype on bittrex and CMC, but currently the coin is very worthless and was delisted on CMC last year.

PLR or PRL? do you mean the Pillar project? Because I searched for Coinmarketcap PRL not found,
what I found was PLR, the price in 2018 is amazing $ 1, and currently only $ 0.02. this is your thought?

I think that's the project that he mentioned, its price has increased when listed in kucoin, but since then the price has been going down continuously and now it's been down more than 50 times from the beginning. Hold shitcoin in the long run is always a bad choice

Holding coins for a long time is really risky but it can pay off if the coin succeed, its gonna be like finding a new bitcoin, you're gonna be rich as fuck, but its gonna turn into stone if it doesn't.

Taking partial profits whenever the price grows nicely above your purchase price is a good strategy, by doing so not only you lock profits but if the market takes a downtrend from there you can buy even more coins but make sure you are applying this strategy to high quality and top coins only, it will not work on some low volume and less reputed coins.
Secondly, if you feel that you are tight at the start of long term bull season, like many people think so right now then hodl is the best strategy till the time when you think that the price is near its peak point.

This is really a fundamental concept everyone needs to understand before investing in altcoins. Like you said, it is possible for altcoins to have a massive price surge as much as x1000 but the survivability of altcoins ain't guaranteed because not all of them usually see the end of the tunnel after a long bearish market condition so selling them for bitcoin for the longrun is the smartest thing to do always

Our expectations should be fixed before we get our tokens. When we get this price, we should exchange top coins like Bitcoin or, in a bad situation, stable coins. Now we have the same feeling, who's passed 2017-2018 years in this forum. Unfortunately, my entry was the last 2018. Before this I didn't think that I should start work. Until the next pump I will marry my tokens.

Ofcourse, we shoudn't attached to much in our altcoin bags because there are scenarios in cypto when the prices go down and if you put your trust in it in a long time you might have a big loss of profit so it would be best to stay active and learn everything you can in crypto world to realize when to trade in a good time.

Definitely not all altcoin are worth holding, there are many new altcoin which will pump on there first launching and go dump deep and became far on their initial price. And at the end you realize that you had lost your capital.

I do had alt which was worth couple of thousands now its value became nothing i seen some of them delisted some of them became scam . So loosing hopes on altcoins giving solution now i am concentrating top 50 altcoins which is havign high potentiality for next bull run . Even some of the coins are making 100% hike in a day . While comparing actual value of this in past still its way lesser may be 99% of this coins value lost . SO i stopped bagging altcoins.

You should always have more than 60% of your portfolio in BTC, 30% in stable altcoins or at least in the top 50 and then only bet a 10% in altcoins which could have an excellent profit compared to risk

Why use 30% for stablecoins? That amount will certainly never change and you will never get profit from stablecoins investing. It is better to use 60% for BTC and the remaining 40% to buy the top altcoions in this market to maximize profits.

I guess if he was suggesting it as a reserved fund to anticipate the bullish trend that can happen anytime in the market. That's also a very important thing too. We should not put all of our money into the crypto and we must have some amounts that can be used anytime in our wallet too.

Yes, hope does have to be improved because it is too hopeful that there will be no results, it is better to ask for a bad market, even though in 2017 it was a good past to work as much as we could, because at that time the conditions were in good condition.

Strategy can be learn from time to time if you are active studying the market, in terms of holding your alts
managing the time frame for both long and short term
is really important, you have to actively monitor the progress of the project as the team brings updates according
to the road map.
Either you work with short term trading or you are willing to take the risk of waiting the long term progress to
maximize the profits.

Isn't that the intention when we trade? We invest a fixed amount of BTC or ETH to trade to another altcoin when the altcoins' price is low. When it gets pump, we trade it back to BTC and ETH to earn the profit between the differential! That's the goal when we trading, right? Furthermore, altcoins can never replace BTC in any sense.

There is no point holding your altcoins if you use altcoin for trading.

To be a good or successful trader, you'll need to learn good knowledge, practice your skills, acquire experiences and don't get sentimental with your coins.

Please tell this to newbies, I was once a newbie and all I ever dreamt about was having lots of altcoins in my portfolio, thinking I will easily become rich storing all those altcoins, later I realized that it's a total wrong path, use case are different and you need to pick use case that will be useful not just today but tomorrow, watch the team too, make sure they are pro

There is nothing wrong with investing in altcoins and hoping to go up 10x-100x. Because there is a possibility that could happen in 2017-2018
repeated in the future. I am among those who believe that altcoins will rise, but when compared with bitcoin it is far safer investment in bitcoin.
Now it depends on each of us, what kind of decision we want to make.

Even reading this hurts so much, I am sorry for your friend.
The conclusion is very true - you don't have your profit until you've fixed your profit in btc/fiat/stablecoin etc.

Having Bitcoin in your wallet is a peace of mind than keeping new altcoins, I'm hundred percent against this, apart from NEO, Tezos, Chainlink and some rare good altcoins I don't plan on taking more unnecessary risks because I want big gains, I'm more of a Bitcoin guy than altcoin

I believe like Bitcoin there is always some altcoins that deserved to be Holding for long term,It is not just Marrying them but at least trusting them to bring us income in the near future.

Yeah Holding too much sometimes bring failure but it doesn't mean it will happen every time.

i have been profiting from altcoin since then so i am not supporting the totality of this thread but i respect the point as much i wanted to be respected in my stand.

The decision depends from how you look forward, working with alts trading needs to have deeper engagements, there's always possibilities that the joyride happened way back will repeat itself choosing the right coin to invest and hold for long term comes from good research.

While buying alts that have good market movements can generate decent profits in a short period of time, take everything into consideration and assess every alts that you will going to place your investment.

With altcoins you can easily have more Bitcoin in your wallet, to me trading with altcoins on exchanges are more profitable than using Bitcoin to trade on exchanges, if you want to hold instead of trading then make sure you do good analysis on the altcoins, it's easier to lose money around altcoins than bitcoin

Surely we will still have projects that would give 10X, 20X and even more but the era is becoming thing of the past, some people are so blind to this truth and think we are going back to those days. Alot of projects pumping now are those that have dumped below their ICO prices and would be very difficult to regain the price. Always have exit plan

That's right, @FireBallex. BTC as well as ETH has much potential rather than any other altcoins except some top altcoins. But we can trade those altcoins which will have some major events like mainnet, listing on a top exchanges and other upgrades after doing our own analysis some speculations of that altcoins.  Also we should not hodl any altcoins for the long-term purposes because it can dump anything, but we can do the short-time trading according to the events.

Investors need to also change their attitude, in the past I took the time to read ANN threads and one thing that surprised me is that there were many investors that put all their money in a single coin and then they did not follow the coin for years and then came back just to complain about the coin being basically worthless, an investor should keep track of his investments in a daily basis, that way if there are signs there is something wrong with it then you can take immediate steps and minimize your losses or take advantage of a quick pump in the price.

According to your statement and what has already said by the majority of people in here were true when altcoins will be very suitable to be our short term portfolios. I personally experienced with such thing when i was holding my altcoin from a few years before and this time it worth zero value.

It has been a long since i have read thread like this because mostly People still believe that Holding altcoin will bring them profit.

But the sad reality?it is not instead they will only lose unless willing to Hold coins long time until it climbs up.

Not Like Bitcoin that can be trusted and actually has been trusted to be profitable the long you can handle the wait.

---

Some traders lucky to find which altcoin will be Mooning but this is very rare and cannot be happen in daily basis.

this is main reason why many beginner investors loss their money in cryptocurrency market.  most of them didnt read carefully whitepaper from new or existing project,as  we must know how  project will developt and realize the plan. finding newest update from developer team be an obligation , when we find something wrong we could do something to avoid big mistakes in future.

I don't think anyone is marrying any altcoin however sometimes you need to hold your altcoins for a future greater benefit. Most altcoins are good to keep because you regret selling them cheap. Personally I am not happy not holding my Horizen(Zen) tokens because the price has soar now past when I sold them.

I don't think we can experience again what we did last bull run 2017 - 2018 where we saw how altcoins pumped and Bitcoin Dominance fall. It's also because for sure the ICO fever under Ethereum.
As time goes by, for me, we will experience less more pumps on altcoins or altcoin season as others say.
In short, OP is correct and for me, these days are not good for holding any altcoins even short term or midterm.

There are some altcoins that  deserved to be Marrying lol,Like Ethereum and Binance coin(BNB) ,yeah we can use them for Buy and sell because of their volatility and Good performance but for me?i don't wanna be late in train so i rather keep them in my Wallet than throwing them to cheaper price then right before selling it will Pump due to the effect of halving.

Because they are hard to detect,If you know which will x10 then why not share to us?you are saying as if this is that easy to find?

every currency have their own supporter and this is the same reason why we don't know when to Pump or dump,Just keep your coins and stays supportive.

Actually People hold altcoins because altcoins can icrease 2x to 5x with bitcoin. But it's difficult to predict about altcoins in the long run and most of altcoins are not good for investment. Nevertheless there are some top rank altcoins (check on Coinmarketcap), have bright future & can be believed in the long run

Top altcoins are more comfortable than new altcoins, if you are holding top altcoins and value drop you have nothing to worry about because they easily recovers once Bitcoin starts finding it's way to the top again

all cryptocurrency investments follow bitcoin price movements, so to be safer we are better off investing in bitcoin than altcoin and I strongly agree as you think.

I used to hodl altcoins because there are so many predictions about the price of those altcoins and they show good performance in the market, things are looking great in 2017 every coin you are holding holds a promise, until the first quarter of 2018 when all coins started to crash and I was too late in selling that, not all coins are worth HODLING, most of them will lead you to huge losses.

In 2017 I purchased a coin. When the bull market of altcoin came, the total value of that coin was $20k +. I hold the coins at that time because I want to get rich quick. And it was one of the worst decisions of my life. That coin kept being dumped in the market and I was finally forced to sell it for $1000. I have learned from this how important it is to set targets in advance and how important it is to control one's greed. Because of my greed I have suffered a great loss. Don't love any coin, because if you love any coin more, there is a possibility of big loss.

Not if they die before it happens.

An alt is alive as long as people hold and trade it but if the bear market lasts for a long time the coin loses a lot and starts to have no volume. At that point exchanges delist it and you can have a big bull run on Bitcoin but that shit altcoin will not go anywhere.

Hold all you want but remember that altcoins have a point of no return.

so true this bear market can go another year or more nobody knows when things are going to turn around. Alts are pumping straight into resistance then sometimes making lower lows or as you said declining volume to the point it gets delisted. People are more inclined to buy new projects that haven't been through a full market cycle yet, but they all end up the same eventually except very few. Just hold your BTC till we start making higher highs and higher lows at least before you buy alts the last thing you want to do is hold a shitcoin when btc decides to go on a tear :D

Obviously we shouldn't get attracted much for altcoins cause those are dangerous. But in my opinion,  eth, ada, tron & eos those altcoins have the Sustainability & Potential enough to survive long. But Without knowing properly, marrying with shitcoins is a bad decition

What you mentioned is also Altcoin, only in this case the difference is that Altcoin is good with Altcoin which is not good, so everyone really needs to do an analysis on Altcoin so that it is not wrong in choosing altcoin, it is not necessary to be interested in Altcoin.

Altcoins are most suitable for short-term and medium-term investment. You need to carefully track the coin, and then book your profit when the pump occurs. And for the typical altcoin, the median lifespan is around 12 months. So I won't recommend holding them for extended periods of time. At the most, you can keep 10% or 20% for the long-term.

Absolutely agree with you, never try to hold altcoin in the long term because it will surely die in the future. In 2018, I used to hold a lot of altcoins, but after 1 year, their prices collapsed many times and made me a lot of losses.

why not? A lot of people saying that 2020- the year of altcoins, and some of my old holdings were raise on 100%+ so I continue to hold

I dont see a very bad bear market like we had after 2017, I see a lot of provision and development in the market that will cope with dump and stay above the existing 95% dump of the whole market. Scam had reduced so well with ICOs and more hoarding of top coins is encouraged to absorb the pressure of dump in the bear, hoarding in all coins. It is never a smart move to just hold on to a coin with taking profit, some might need to adjust their strategy in the market.

That's the disadvantage when you're holding an alt, because some alts are just an instrument of pump and dump and then vanished like a bubble popped in the air right after.
We've seen similar stories in 2017 due to the unexpected bull market. Some are expecting more because greed took over, watching their portfolio growing each and single day for about a month, then suddenly fall late in January.
What the OP mentioned was true and it does actually happened during that year.

I'm not quite sure, but it seems logical to invest in some high risk altcoins because demand for crypto is higher than it was back in the days after 2017 peak.
I don't think we'll meet bear market anytime soon. If quarantine will be prolonged - more people will invest in crypto because they'll be afraid to lose value of fiat.
But If quarantine will end now completely - people will have enough funds to regularly invest in crypto again as it was before corona

I agree with you. Lol like it's not for the long term. Long term means coins you can actually spend. Many coins you can top off your payeer or skrill balance etc. But no one is gonna swap your Mr awesome tokens for USD.
Mr awesome coins are there to profit from then dump. The only altcoins you should ever keep are those that have a reason to be or are given to you as payment through other means but are listed at exchanges. Never ever hold onto a coin that you cannot spend. I love crypto but if you cannot spend something it has no value.

Agree, altcoin might be more profitable if we choose the right altcoin but altcoin is also more risky than Bitcoin. I think we should not be tied to a particular altcoin because altcoin prices are more volatile and maybe some can be a long-term investment but it should be given a portion of the investment that is not too much

It's good to have a bag of altcoins but make sure that you have those potential altcoins and not those who will only be undervalued at the end of the day. This sounds very risky after all. So i prefer to invest in bitcoin these days because it has more chances to make profits rather than marrying your chosen altcoins. Bitcoin may be more expensive but it will not make you any regrets in the end.

altcoin is very dangerous when used as a long-term investment because altcoin price movements no one knows will go up or down, it's better to save a clear cryptocurrency asset like bitcoin for the long term is still very suitable, so stay alert when saving altcoin for long-term investment.

that's not true and what about those altcoins who have already placed at top 10CMC? don't they have a lot of potentials to be used as a long term investment? I wanna say if that's true for the crap coins but altcoins that have a massive partnership and the good product must be excluded.

Who says that 2020 is the year of Altcoin ? Do you not see the current market conditions, and if I may Altcoin what year do you hold at the moment ? even that has gone up to 100%, because as long as I see this year not many altcoins are increasing to 100% now.

It´s not only valid advise for altcoins, but for all kinds of investments. Never fall in love with anything you have your money in, no matter how shiny and flashy it might look. You need to see it as what it is, a toolbox with tools that make you money and sometimes you need a hammer and sometimes you need pliers and sometimes you need to replace your tools/assets. That´s why basic education on investments is crucial and needs to be taught in schools early on. Things like the follwing should be common knowledge:

• Never put all your eggs in one basket
  
• Never invest in something you don´t understand
  
• Never invest money you can´t afford to lose
  

Add if you have more

Do not be afraid of trying out new things, altcoins for an example, don't just buy and lock them away, always nurse them and see how far the team are willing to go, if you notice any bad sign better sell for another altcoin, the only crypto project worth holding for years without looking back is Bitcoin

I think the best thing is to stick to BTC and ETH they are really the safest coin around but they way i see it is very unlikely that bubble of 2017 occurs again I mean people have really wise up and learned their lesson

It's always a good move if you take profits when your altcoins is surging, a little drop of water is what makes a mighty ocean, do not be too greedy because this won't end up favorable later, you will definitely keep missing out

I am pretty sure that most of the people are guilty of just doing that at one point or another, I am definitely not an exception. I am still holding bags of 2017 alts that mooned insanely in the 2017 bull, then they got absolutely reckd in the following bear market. Maybe being emotionally attacked to projects that have hurt me bad (investment wise) over the past bear years makes me a sadist, but if they are going down, I am right there with them.

preferrably it is the good time to sell altcoins now. The market will later on crash with altcoins and one can buy again. This is what I have been observe during the last few  months in cryptocurrency. However, if you may fail risky on it then good is to stop first investing and wait for the crypto market to crash. There are good times and bad times to buy crypto and one should be patient on it when to buy and to sell.

People must go out when they have been getting decent profit, we should take a look at how the correction is happening with the crypto right now. That means people must aware if the pump is just a temporary and the dump can happen anytime.

These coins/tokens are mostly dead. They are having a nominal value, only because there are users like you who continue to hold on to them. But eventually, those who hold these coins are going to dump them, or just ignore them. As time passes by, the trade volume will go down and at a certain point the coin/token will get delisted from the exchanges for lack of activity.

Flipping aside, altcoins investment is not a type of investment where you can let your emotions guide or be a guide. It is serious business, having an altcoin bag means you must be firm and ready to pick profits from any altcoin at any point in time, that aside, you must also be ready to buy back the bears of the same coin you have taken profits from. Sort out every emotional issues, before investing in altcoins or crypto currency, you are investing for profits remember.

Not all the coins though. I must say there are still some coins that is worth to try or to place your investment. These tokens are indeed contain high risk compared to Bitcoin, Eth and more popular coins but this could be only means high amount of rewards is possible.
Upon holding these kind of coins, you must not put much trust on it, if you saw an opportunity to sell then do it, don't hold it much longer because anything can happen in crypto, just like the mistake happened a years ago.

😂 Lol this got me laughing and at the same time it's a lesson. This same thing happened to me when BTC touched 13k+ wayback, I was holding a bulk of alts and expecting to cashout big from them, little did I know that BTC bull run will scatter my hopes. That said, never put more than 50% of your entire portfolio in alts in my opinion, BTC bull run can reduce your alt holdings to garbage. Before I use to attach emotions to my long term altcoin bags, now the reverse is the case. Sell when you have to, don't say I strongly believe in the altcoin blablabla.

I think you should be careful when applying long-term investment or trading and make sure you buy altcoin that has the potential to rise, don't let you buy altcoin wrong because it will only make you lose, maybe it could be better if you buy ethereum or bitcoin only in my opinion more valuable and suitable for the long term.

Altcoins after every Bitcoin pump have a very good chance to pumping along with it. This is like you said, don't marry any particulate coin and know when you need to make a switch. I usually hold Bitcoin and after the pump, will put my earning to alts, of course only a part of it, not all to lower the risk my calculation is wrong.

I never let my altcoin bad holding more than 50% of my portfolio. Only Bitcoin and ETH or strong altcoin in top 10 holding more than 50% of my bad. When marking the uptrend of the downtrend, only top coin will survive and not the low tier altcoin that people holding it like they're married to it.

Sometimes we learn the hard way, I've decide to never hold any coin for more than three years and move to other promising new coins, I've come to understand that so many coins will do very well at the launched time because of their use case and hype surrounding them at that time and as time goes on they lose value and interest

The biggest mistakes many do most times is letting greed consume them, not getting satisfied with your tokens little returns is a bad idea, be contented and always take profits, buy back when value dumps and hold for little gains again, don't be too greedy

Investing in top altcoins has lesser risks than most new altcoins, look what's happening presently, many new projects are now turning into DeFi just to take advantage of the HYPE, if I am holding any crypto project that isn't DeFi from scratch I will dump for another altcoin

Greed is the biggest sin of any investor imo  :)
It makes you lose your mind in the most important moment - decision making.
It seems like the most reliable way to understand crypto and any other investment is make a decision before you do anything - make a research, make a prediction based on it and then you invest with good understanding of the moment you wan't to sell your coins whether its 1%, 10% or 100% of profit (same applies to loss).

I noticed that altcoins in DEFI category are doing great presently and most altcoin projects are adding DEFI to their project aim. It's funny how a  sport betting project switched to DEFI, just to take advantage of the hype. This is the more reason why most altcoins are good for flipping as mentioned by OP. Just ensure you hold altcoins in the current trend. I remember when it was exchange tokens, then deflationary etc.

Try as much as possible to understand risk management, invest only what you can lose, even if the project is doing so great at the moment do not invest too much money, no project future is guaranteed in crypto world, anything can happen, always play safe

You're right that investing in top and trustworthy altcoins has less risk than investing in new altcoins. However, investing in new altcoins has more potential to manyfold your capital than investing in those coins that already been trusted. That's just a common thing that is easy to understand, the more risks, the more profits. Besides, it's true that many projects are following the hype, though, be careful about the hype!

Invest in DeFi projects that are popular right now, stop listening to those who are calling this uptrend bullish market a bubble, I believe this DeFi hype will last for more months or approximately a year atleast, within this time you can make better ROI

Im actually the type to make sure ive made profit. Like if i see that ive reached a significant amount of profit im targetting, then i sell my coins. Its hard to count on things like what if the value gets higher but then again it gets lower and you missed your chance to profit. I say set a line of when to stop, dont cling on to your coins too much.

Many traders and investors fail in this part where they hold bag of altcoins without knowing now that the altcoins that they hold is actually shitcoins that doesn't have value anymore. We should learn from the mistakes of others, there are many people who regretted their decisions before and know hoping to correct it to regain the money that they lost.

Instead of focusing on holding bags of shitcoins, we should allocate most of time on enhancing our skills especially on improving our knowledge about the market. There are opportunities out there and we can see through our mind if we will invest in our knowledge.

Lesson learned to me when bull run happens I expect too much that price could way up to high in an altcoin. That's true let's don't hold too much of altcoins just sell when you are earning profit already. The price is so volatile and we didn't know at what price it will head to.

Looking for long term and if you wanted to maximize your profits, this two coins are good for holding. It's been test from time to time that this two coins really bring great benefits to those who bought and hold this project, just need to trust your investment and never to panic it's very important when you are inside this market, it will only let you lose your money if you go with the flow.

Does it really matter to have a setting point or the significant target amount when it comes to making a profit. As what you have said, it is hard when the value of it gets higher but then suddenly goes down, you already missed the chance of getting a profit. Or if by chance that the altcoin goes to the moon, you basically disregard your target amount to sell. That situation is what we most likely experience, so I don't really think that having a certain target makes any sense. What matters is the decision we made when that situation come in front of us.

Crypto is a roller coaster ride. One day your investment is at the top and it can go down real fast in just a snap. Never ever HODL your coin for a long time, at one point you will have to sell and take your profit or you will be left out. I had kept some of my bounties and had lost my chance of selling them. Don't be driven by greed, and don't wait for the price to go up further.

I mean the whole thing of trading is to circulate the money afterall. Hoarding all these alts and just missing out on the opportunity of cashing them just for hoarding it is a loss. I believe if you think youve past the point of having a decent profit, you should sell the coins. Waiting for it too hard just for it to drop down is another kind of low.

Exactly, just provide a short period of time when holding an altcoin. Holding it for too long will not bring us anything but regrets. Instead of having the opportunity to sell at a higher value, our altcoin will always miss it if we keep on holding.

In short dont be greedy.

If we see a growth to our coins that we hold and made profit be contented to it.

Dont aim for high return unless if you're certain that this particular coin can give you the profit you really want.

Yes, just don't be too greedy

Having enough return, even if it is not high enough or not even close to our expectation, it should be enough as long as we make a profit out of our investment. Having a profit is better than having nothing.

This is a good advice, I must confess that the best coin to bag hold is btc. Most altcoin would be useless in no distant time. Its best to take decent profit and walk away, holding on could get you no where. Some projects start up so well and one could be thinking that in few years they'll be larger only to wake up to see that the project had been abandoned.

Thanks to today's price growth, I'm about to divorce with my long term relationship with Waves. Bought them in 2018 when the price was around $3 and now I'm close to losing as less as possible or even making a little profit. Even though I've already resigned that it was a bad investment, and this alt doesn't bother be anymore for being in my portfolio, I don't feel bad for buying it. Buying and holding Waves was a good experience for me, it taught me not to rush with decisions.

LoL, the title of the post got my attention. It is indeed working to those who are holding altcoins but not able to sell during the cryptocurency halving. It might be getting old now since it was being brought and still holding it waiting for when it comes that it could recover and sell again without losses. But holding them too long does not mean that one should hold it forever as what it was implied in the title of the topic. Do not hold altcoins forever and sell it when you can earn. But if that coin your holding is a shit coin like dead project then good luck. Surely you can marry it and hold forever.

In general, Life is very fleeting and in the modern world there are quite often various situations when a person cannot carry out all his plans. Based on this, I also think that a titmouse is better in hand than a pie in the sky. you need to learn to use what life gives you, and not expect to receive transparent mountains of gold. I am also of the opinion that most altcoins do not have their own final product and one cannot hope for good prospects in the future.

Greed and wrong decisions are linear in nature. After seeing what happen to Yam finance bug that plunge the price from $130 to almost $0, I will never hold alts for long time. Investing in cryptocurrency in risky but marring Alt coins will be suicide.
The best way is to diversify portfolio, %20 interest is okay for me to move on to the next hot project.

Crypto is really unpredictable and extremely volatile. It is important to be wise in making decision, to hold or to sell. I agree to not be too attached with your coins because you might just get disappointed of lost value.

One mistake a trader or investor must not make is letting emotions make decisions for you. No matter how promising a token has big, you cannot and must not hesitate to take profits.

As a trader, never make such mistakes, and always do your own research so you know when and when not to take profits

if you created an investment portfolio of altcoins, then you need to constantly monitor what is happening in the project and if we see problems, then we need to sell, and if the development is good, then you need to create the right strategy and understand when you want to sell your coins but not just hold them

Thanks for your great suggestion to all altcoin traders.
Actually I am still married with some altcoins that's why then dumped and I am in stuck.

So always we should follow bitcoin movement to full up bags with altcoins.

I've changed my ways with crypto investment, I've lost too much money and I don't plan on repeating same mistakes again, I plan on dumping any coin that gives me little profits and only hold coins like Bitcoin and Ethereum only, top 5 altcoins all the way

I don't Fall in love with any altcoin, I monitor the success rate. Observe closely, if after a while I see how the team operates. Then I decide if to hold or dump for profit. Coins/token are for trading to earn profit, either held for short term or long term. Not to fall in love or marry it. Because at the end, you feel disappointed and loose, my currency is involved and its meant for business. Let's all just be very careful

This is a really difficult thing to do we always feel prices will always keep going up. I had an experience in 2017 with Parkbyte that is always on my mind. Since then I always try taking profit. 

The way to make profit really is not to hodl permanent to a coin, even if you hodl bitcoin you can release it and buy more when retracement come. Also with altcoins too. Trading is profiting to when you forget it in the wallet.

I also experience the same thing I hold some alt-coin when BTC was around $6K last year and still holding them now.
I could have made a good profit if I just sold it all off and hold those money in BTC.
But there is nothing we could do about it now just make sure that it wouldn't happen again and learn from our mistake from the past.

Although you are right about everything but I still think there are altcoins worth sticking it and as well bagging. It is true that most altcoins are not worthy to hold for long because of the risks involved but I think coins like ETH is worth bagging. Nowadays once there is a movement in the market, as bitcoin takes the lead, Ethereum follows it closely before other altcoins like BNB joins as well, although the sequence can change but what is good to note is that, not only bitcoin makes a move nowadays. However, am not disputing the fact that holding Bitcoin is best but rather stating that other coins like ETH is worth the shot.

You made a valid point there. ETH, BNB, and hosts of other altcoins are worth giving a shot and hold for long term. The most important factor when holding bags of altcoins, hold the right ones; the tested and trusted with enormous potentials to grow and expand in the future.

 You are right  mate , glued  to altcoins is not the best as anything can happen . you can never trust the project more than the developers . i always tell people to romancing altcoins in your wallets sell when you should make your profit and move on. I had that experience when joined crypto early 2017 , i held unto some altcoins and was expecting to buy mansion with the profits . i ended up holding some forever because project died and developers ran.

The classic scenario has been case in your altcoin bags, so it is not surprising to see such feedback. The strong relationship with altcoin bags can lead to disaster because HODL-er will ignore the alternative options and only will focus on altcoins portfolio revenue. In order to avoid the same mistakes, investors have to make wise decision that can hurt at the decision time but better safe than sorry in long run. Generally, it is all about mindset.

Like, don't set your price bar too high because of greedy could take away your chance to make a decent profit if you sell it for just a bit lower. I also have some bitter experience cause holding my bounty bag too long and miss a chance to earn a good profit. Really, we need to be cool and treat your bad like a thing, nothing else.

I am marry her since 2017 and i regret it so much, i get her from bounties and investment, wait for the right time to sell it and never happened until now,  maybe this 2020 will be the good time to sell all of them  ::)
Any thought friends ?

I personally wouldn't do that either, I mean investing in cryptoqurrency doesn't guarantee the safety of your money. We are at risk, especially if we misplace money on a bad project. for example in the market crypo has created thousands of coins most of which are ash coins. in this case, be more careful and not wrong to invest your money in crypto.

The heart of this story is greed which leads to regret. In the past, I have bought an altcoin from one of the ICO projects, actually it has given me a profit if I sell it right away, but greed haunts me, keeps it for a few months and hopes it will rise even higher, but the reality is not as beautiful as I am imagine, he was destroyed and became worthless, no longer listed on any exchange. bitcoin is a good ending once we have benefited from altcoins.

but who says its safe ? its not like banks that can secure your money but you invest on here because you want to earn in a risky way . if there are people that blindly go here for money well thats a bad example  . thousand of coins lying , its obvious that we dont pick them all but we dont also want to pick the wrong one  . in order to avoid errors its okay to marry atleast one or two coin that are trully exeptional . marrying means we should be faithful to them

About selling altcoins and holding them is very simple, everyone will of course sell all Altcoins when the price is good, because at this time there are still many Altcoins that do not have a market at all, so indirectly someone has to hold them in order to wait for listing on the market.

New traders or holders need to understand this rule. Do not be too greedy and not too stubborn, please be alert to handle when the market goes against our thinking.
When making financial investments with a passive mind, I guarantee you will lose more than win. In order to do that, we need to learn a lot about the fundamental laws of the financial world and the experiences of their predecessors.

It's very difficult to buy so many altcoins expecting the price to go down in 2/3 years. I myself have several altcoins/tokens that I got from the 2017/2018 bounty, but only a few have great value. The rest I leave until the value goes up because I will not sell my altcoins/tokens cheaply.

I cannot agree more with the OP here. When the time is right make sure to book your profit and atleast take out the investment amount back . Same goes for booking losses as well.

But selling altcoins now will be the worst thing that you can do. 90% of altcoins are still in 90% loss, especially when you compare it with BTC price. Do not sell your altcoins at the bottom please, you can regret it in the next altcoin season.  ;)

The reason why we invest in coins is to make profits and probably let them go in the end or give up on them, you don't have to hold them for long time, just make profits and let go, this is my own strategy though since I've learned the hard way, got burned too many times

hopefully, people listened to this message 

for now, bitcoin prices tend to move upward, but alt also has potential if you choose altcoins that do have potential, for example Ethereum and BNB and Link

Sad, that was a hard earn money if he only knows when to sell or just convert it to bitcoin and all will do good even if one can't get to the bull run or the ATH because there will be always a good time for bullish bitcoin and it may happen again in a short time or not depending on the market. However, All I know now that market is good and advise to all who hold altcoin is to sell it so it can be a good asset if converted correctly may it be fiat or bitcoin.

New altcoins are unpredictable, they can be successful today and stop working in a year time this is why I prefer taking profit, it's good to hold coins too but not all coins will have a good future even if it looks like their future is brighter, do not be greedy, take profits and find another project to make profit from

No falling in love with altcoins anymore for me!. Before, I was constantly holding all sorts of junk and yes I sometimes got more profit, but in most cases I lost money. Now I flip ICO's, that is, I sell half immediately after the opening of sales, and sell the rest as soon as possible. And I try to keep only top alts, and of course bitcoin. Since then, I sleep better, which is what I wish for you!

indeed, just sell it when hit a good price
for me, the point why i collecting altcoins is because i want to increase my bitcoin amount, and by holding the right altcoins i can collect more bitcoin buddy

 ;D ;D ;D
YOU Sound funny and you must be a funny guy. your friends must be happy to have you around. i am certain that every trader and investor in the crypto space have this experince most time and there is no way we can deny it. No matter what altcoin you hold, you have to sell out because there are other new coins that will supersede whatever you are holding. BTC remains the number one to hold.

although I expect btc to be pulling back soon and alt coins to go nuts and whales to mark up their prices. Then people will get greedy and hold them while btc goes crazy again in a few weeks

Nearly most of clients zeroed in on putting away new altcoins and simply use bitcoin to make a money out. Truly, I was one of them when I took an interest in abundance crusades and have an incredible arrangement of alts however didn't think for a second that it's an air pocket.

Nearly most of clients zeroed in on putting away new altcoins and simply use bitcoin to make a money out. Truly, I was one of them when I partook in abundance crusades and have an extraordinary portofolio of alts however didn't think for a second that it's an air pocket. As it very well may be seen from the 2017-present pattern, alts fail to meet expectations contrasted with BTC while having a lot higher danger.

That's right word. Always take profit, cut your losses and move on. There is always another opportunity.

there are so many great tips here, but how to come to this and follow?  ;D

Was it really moving up, personally I don't think it will, price will go down a bit more as it was fast to rise, that correction is necessary for the market to be stable and it's something that we should not panic, instead, we have to be confident because bitcoin will surely survive this.

Thinking of a new ATH, well, it's okay as long as you don't get carried away and forget to make a timely decision.

I was expecting bitcoin to drop more because it's bullish movement since few days ago are too fast, I believe that's why price is dumping hard since hours back, do not be deceived though cos bullrun is still very much alive and altcoin season isn't over yet, my advice is avoid getting carried away by the bullrun, have a target in mind and once it's achieved sell your altcoins and wait for another red market

I think the altcoin season is just beginning and will only start fully after testing the $ 21-22k range by bitcoin.  If bitcoin falls below 13-14k, then I will go from altcoins to stablecoins.

Same here with the DeepOnion shitcoin. Got free airdrop worth of 18K USD when BTC was at ATH back in 2017. Didn't sell a single coin cuz of greed and also I was a complete noob in all this trading stuff. Decided to HODL and now the coin is completely dead. However, I kept checking out the project from time to time and earlier this year I saw that they're getting delisted from many exchanges so I said to myself: "That's it, I'm withdrawing everything" and I managed to withdraw $700 which I put into BTC, made it to $2500 with trading and now I sold everything when BTC was at 19,2K USD. Valuable lesson learned :)

Always take the opportunity especially if you are gaining, always keep in mind that no matter how big is your gain profit is profit.

There are times to hold on to your altcoins and there are times to let go of them, everything in crypto space is timing, trading is timing, investing on coins is all about timing, buy when market is down and sell when bulls attacks, holding on to your altcoins forever can bring you good fortune or the bad one too, the call is yours to make

surely everyone has a different story, some produce profits and some also result in losses, it all depends on our position and opportunity to take a big opportunity or let it go, we can just exchange it from BTC to other altcoins as long as it's profitable and also on the contrary, we exchange altcoins to btc and during that time it must be an advantage that is not a loss,

I am totally agree, altcoin is unfit for long term hold, most of them worth nothing are their final result, only a few of altcoins survive eventually. Even if it is on the top 10 of crypto market, price will also fall several times, not like BTC.

Altcoins should be purchased to get profit in short term. I don't know why people do not sell their altcoins even if they are in 2x-3x profit. Other than the top 10 altcoins, none of them should be kept for aa long term. We should sell them as soon as we get some good returns from them.

But why? Bitcoin is the best long term investment, approx. But the entire market follows Bitcoin.
Does this mean that as long as bitcoin is alive, all less stable coins will have good long-term potential? Take a look at Ethereum, from $ 86 to $ 600. Bad long-term outlook?

This is true, Prices of most altcoins decrease over time, some projects get extinct and just a few are sustainable and stand the test of time. It's normal for prices to fall, but if there is downtrend for a very long period of time, investors lose hope on the project, thereby dumping their tokens. Wise investors take profit from altcoins, even though sometimes taking profit too early leads to regrets.

Selling decisions would really be like a double  edge sword but if you do matter most on making profit then that wouldnt really leave you on the regretting phase yet you had accepted and admitted that no matter what
would be the price then as long you are on greens then it doesnt matter.Most of altcoins are shit but there are people who are longing for some nasty profits when holding up their coin and waiting for some pump
which might be resulting into big profits that they havent able to gain before.So its up to someones decisions if they decide to hold no matter what but most cases it do really end up in graveyard.
After all the years ive been here on this market where i do hold lots of them sitting in my myetherwallet which those coins that i had bought and gained in the past but until now they arent making any pumps
and most of them are already an abandoned project.

After a huge loss to altcoin in 2018, when I should have wisely invested in BTC and go to.sleep. $CET ended up dealing with me. After that bitter experience, I .
am now guided by some culture.

With the project's road map, you can know if the team is making progress or not
As far as holding you are holding a project,s altcoins. dealing with the time period for both long and present moment  is truly significant, you need to effectively screen the advancement of the project as the group brings refreshes.. It is possible that you work with momentary trading or you are eager to face the challenge of holding up the drawn out advancement to amplify the benefits.

It's dangerous if you do so, there's a big difference between hodling and marrying your bags in HODLING you are picking the right coin to invest and selling it when you reach the profit that you have set your goal into that coin, in marrying your altcoins you are hodling it blindly and never look on the price and just trust your instinct that it will pump.

Absolutely agree. The more you sit with one altcoin, the more you get used to it and you feel sorry for selling it. You need to understand that altos are only a tool for increasing the cue ball or dollars. And when Bitcoin rises or falls, any altcoin will fly to hell

Altcoins consistently have their wonder days available and each accomplished crypto speculator will exploit those days and hodl more bitcoins by selling his sacks of bitcoins yet novices would hodl on and lament later reasoning they can make gigantic benefits with altcoins.

Altcoins will bleed, at least many of them because bitcoin continues to achieve another milestone of success. I'm excited to see bitcoin hitting $30k as we celebrate this new year, I can already imagine the meme's it's about the rocket and bitcoin. lol

Altcoins, I married it already, but I learned my mistakes, I'm not anymore expecting they'll rise from the dead.

Recently, it seems to me that altcoins are falling lower and lower every time. And even in bull markets, when Bitcoin for example is growing. Many altcoins are decently lagging behind and growing slightly weaker. But they fall very quickly. But Ethereum follows almost on the heels of Bitcoin.