Bitcoin Forum

Often times I read various posts of people/traders/investors preaching HODLing some altcoins for years and so on thus I took some to research on altcoins 3years and guess what? Most of the altcoins in 2016 are no more to found anymore. You can take a deep look as well via https://coinmarketcap.com/historical/20160103/

My candid advise is to trade with the five senses intact and not with emotions. Don't get on some shitcoins with the intention to hold for years else you might get rekt.

I like to focus on top coins in the coinmarketcap. Because the top coins have a huge potential to reach the market when Bitcoin get stable. There are a lot of coins in the coinmarketcap. But you need to choose good coins with own research.

It's not simply because holding altcoin, the thing that makes your investment jumping down is because you just keep the coin without looking at market condition, of the coin, or even cryptocurrency and investment market in general. Obviously you can't hold any coin forever not even bitcoin, eventually when you see a good price you have to sell it.

Definitely hodling altcoins nowadays will get you in a bad situation but I guess hodlers would by now have no other choice but

to hodl it until their individual altcoins current price reach their entry point price to have a break even. There is no sense selling

altcoins right now when its down 75 to 90 percent of its previous price though hodlers are still hopeful that altcoin markets will

recover soon.

After such a bad year for altcoins, most probably everybody could agree with OP.
Altcoins were always more volatile than Bitcoin.

But as said, isn't this the same with any investment? Keep your eyes open and make your own decisions about HOLDing or dumping...

This isn't entirely true. A lot of people have become stinkingly rich hodlings altcoins. What would you say of someone who bought Binance in 2017 when it was around $0.10 (lets say 1,or those who bought ETH, Litecoin or Monero at that early stage? Of course, they are definitely profitable now. So, it's not a generalization that hodling altcoins isn't profitable. It depends what altcoins one is hodling.

therefore always update your portfolio because in the crypto market there is no guarantee to last for years except bitcoin. bitcoin has been a profitable investment so far, but over time I believe that in the end there will only be one choice of coins that will survive in the market.

It is really true, because people are losing faith in altcoins. But the market is running in cycles and sooner or later we would come to the point where altcoins will boost and the waiting would be over. Such times are just around the corner.

That is why top rated coins and tokens are better for investment, those coins that came out at that time are mostly been built by teams that have no intention of staying around for long, they are just pump and dump projects and yet we have many projects that came out in 2016 that are still around till today

You are right. Don't use shitcoin to hold for years. From my experience so far in the market, now is no longer the time to hold coins. Whatever type of coin you have, it's better to sell.

it's the same as you sell at a loss, given the unstable market situation it is better to maintain coins that still have good price developments. It is not recommended to sell cheaply unless you already have a stepping stone to replace it with a new coin that is very feasible for your next investment.

Well, of course, trends change, altcoins come and go. So far, Bitcoin and Ethereum are pretty much the only things that come even close to being a certainty. Just look at TRX. It was the main attraction in 2018, and it even started off 2019 with a bang after launching BTT. A few months later, it slipped down to being 14th/15th on the list. It probably wouldn't even survive for this long if Justin Sun wasn't such a hype builder in the first place. The same happened with others, they come and go, and the list keeps changing all the time.

It's true that most altcoins can rekt you if you are all after the market value, which most of the people are. If you're one of them, better invest on the top coins in the market that has already established a position in where they already have set everything and just need to deliver what's on their roadmap.

On the other hand, Blockchain is providing us transparency and lets people get money with them controlling what they want to give out. There are projects like this global telecom blockchain (https://cointelegraph.com/news/major-south-korean-mobile-carrier-launches-blockchain-project?utm_source=lx) company that lets people sell their data (if they wish and earn profit from there) instead of major companies doing it secretly themselves. Blockchain is providing us transparency and lets people get money with them controlling what they want to give out. It's better for the community to learn if the coin they're holding will be of use to everyone globally, if they see that possible, then they just need to be patient until that coin explodes.

altcoin is prone to disappear if it continues to lose market competition and there is no buyer interest. especially what often happens in this case is a new altcoin that appears with high optimism but is not matched by good management so it has a negative impact on the long-term future of the coin itself.

unless we choose altcoin which has survived at least in the top 10 markets, for example etherum, ripple and others. it will be safe if the long-term product because they can already be said that altcoin is ripe in the market.

if everyone did some little research like you then the altcoin market situation wouldn't have been this terrible today. but unfortunately people tend to only want to believe what the shitcoin pumpers tell them so they continue giving their hard earned money to the pumpers.

also i want to add that you should look at the altcoin prices versus bitcoin not versus fiat like USD because that is the main price and majority of traders (including probably you yourself) are trading these altcoins with bitcoin not with anything else which means looking at their value in something else doesn't even make any sense.

every smart investor in this market understands that after some time only bitcoin and some more strong altcoins will remain on the market, but on the coins that appear and disappear there is an opportunity to make very good money

If you are not careful with the tokens and coins you decide to hold for long you might get rekt for real, its really very disappointing how altcoins are exiting scam and many of them are just pump and dump,these altcoins are everywhere and only very few of them will survive for a very long time, one must depend on research after research to find the hidden gems among the stones

Thanks for making your research but I still hold, this strategy will not give you success of all the coins you are holding.
Before we hold, we always do some research also but since we do not know the future of the coin we are holding, that gives us a high risk in investing.

This is based on my experience, I have hold a lot of coins and tokens since 2016 and some of them did not rise but in 2017 when there is a bull run, I benefited a lot, to make it short, I made money from the bull run. Now, after the bull run, I still hold and now the value is almost worthless, however, I still did not regret that I lose some as in overall I made a decent profit.

Some of the altcoins are really exit scams. On a side pump and dump coins, someone is using them to make a profit, if you get in one of those better be ready to sell them with the first rise as fast as possible if you wish to have some money in the pocket.
There are too many altcoins these days. Most of them are very bad, so people should be really careful where they invest, and more important for how long they plan to hold them.

True, even I myself have not dared to buy and hold coins for a long time, even for famous altcoins like XLM, XRP or ETH. Especially to buy and hold coins underneath, the promise of their coins going to the moon is bullshit, I support those who say "I can't be sure of the price, price will be made based on market".

He did not mention coins that still have developments. Can you give the name of the coin?
Even if there are coins as you mean, they are not necessarily profitable, if they hold for years.

of course, I would say BITCOIN.
bitcoin is one of the high potential coins, you need to look back at how the process of bitcoin travel from the beginning until now too, bitcoin still dominates the crypto market.
Is that evidence not enough to convince you? but why do you say (not always profitable)? can you recommend a coin that is always profitable besides bitcoin?
I am waiting..

Tactically agree with your summation. Most of my holdings where bad to me to hold for a long-term, as I lost to the holds. Series if my losses came from holding altcoins form 2018 to 2019 and still experiencing losses, I was fortunate to work some years back and hold some good potential tokens which I thought will make double but the reverse was the case as am currently still at lose.  Those who sold out early made some good soft profits while mine holding continue decline. To be Frank at the moment, am rek indeed and hold the altcoins season come soon.

Point taken.
But there are a few who grew in value.
I think you must really pinpoint them with a lot of research.
Let us say BNB. Before it was just cents of a dollar and now look at it.
Good thing I withdrawn most of my altcoins into ETH and also took a chance to sell at the ATH of it.
Choices should be made and for a lot of times you need courage to avoid a zero value portfolio.

Holding at a higher price can get you rekt. Holding bitcoin at more than $12000 is the same, or holding Euros when it was 40 percent higher is the same thing.
That's why you need a lot of patience and should know a little about trading before buying cryptos.

that is already a common sense and i believe every crypto investors know that fact  . sh8tcoins are not for long term investment but they are only best at short term since this sh8tcoin can pump up after thier release date because someone is going to manipulate or hype them  .

sh8tcoins can dissapear in the long run but what about the regular coins ? they cant dissapear yes but thier value can still decay .

 btc isnt excluded with it of course  .  we still need to monitor  our assets  .

I myself prefer very good coins and more volumes like bitcoin and ethereum for long-term investment because it has very profitable potential, if we rely on shittcoin to survive it is very risky because I have been like that and often get very bad losses big, now I trade with coins that are very high in profit potential

Given the fact that over the past two years altcoins have only fallen in price, then of course, if we take the last three years, the situation with altcoins will be very bad. Altcoins basically began to appear on the ethereum platform, which itself appeared in 2015, that is, four years ago. What then to expect from altcoins during this time, and even with the tough price dominance of bitcoin? In my opinion, it is too early to judge the death of the bulk of the existing altcoins. You need to at least wait until the cryptocurrency market grows well.

Of course, we all understand that the leaders in this market can change very quickly, that is why I prefer to invest in different coins. we never know which coin will bring 10-20-30 x tomorrow

Holding altcoins can only get you rekt if you hold on to the bad seeds in crypto space, many altcoins are useless projects with no real working product but if you can take your time to investigate and do better research you will know which project will worth holding for long term

You are quite right holding of shit coins for longterm in hope of good value can end you up in 1 satoshi value. I believe in high trading volume coins because low trading value coin can diminish in the long term So one should always do proper due diligence before holding any coin for long-term.

Every coins start with low trading volume this is why i belief that some new projects will reach greater heights and those who invested at earlier stage will be very luck, bnb token once traded at a dollar per token and now its over 30$ per one, no one is perfect but better research can make you spot worthy projects

Reasons in holding your assets and keeps believing that it can bring good success needs to be more done from researching and analyzing your investment, it's not an easy task to deal with but mostly important to established before you make a certain position with your target assets, many failed doing this business with high hopes and full of emotions, it won't help but just to rekt things out after seeing the fall from the market as automatically your emotions will push you to make decisions that will not be appropriate, keep enhancing your self observations and act according to what you believe.

No,  you are wrong. Trading Bitcoin with high leverage without any trading skills will get you rekt or wiped out entirely of your portfolio. While holding altcoins even with basic risk management won't get you rekt. It is more like waiting for a long time before you profit.

True, but by the looks of it, it seems like altcoins is starting to rally again as of today. XLM was up 40% earlier today, which is impressive.
You gotta do your own research on the right alts though, because some of them will die for good, with no working products. ERC20 tokens is a great example of this, where the devs burned through their ICO money already, and is basically without any money left.

High cap coins is probably the safest option in terms of profits, but if you're looking for something with insane upside potential, something that enhances BTC, and LTC through Lightning, you should take a look at Stakenet, who is soon ready with the first Lightning DEX. This DEX offers instant trading, low fees - Basically anything a centralized exchange offers (except FIAT gateways obviously). ;)

It is not only about the coin itself but the holders too. I have been holding top 10 and 50, all of them are underwater right now. For a couple of months, it's fine but someday ago I was in need of money and forced to cash my altcoin. Roughly, I lost around 70% of my initial capital because of it. That means, even if you are holding top 5 coin. That does not explain you will not get rekt, instead, make sure you can afford to hold it even though you are buying top 200 coin. As long as you are not selling it lower than your buy order, you will not get rekt.

This is a candid advise which is so true, most altcoins won't have a functional project in years to come. Some altcoins I held for long turned valueless and that was a great lesson learnt. Now before I hold an altcoin, I make sure the project development is extremely cool, if not I bounce. Presently I'm holding just 3 altcoins with BTC taking 70% of my portfolio.

I agree with the opinion of the original poster. Most altcoins are just personal business of a certain people with the sole aim of making profits. The fancy Whitepaper is just a means to an end. If you must hold altcoin, never loose your emotions are focus on your target. Never let the team dump before you else you are rekt. As for me, I will only hold btc and maybe Ethereum which has a foundational structure

HODL strategy attracts investors because it leaves hope for the sale of coins at a good rate in the future. For the most part, it is provoked by the greed of the investor and annoyance about the lost profits.

True. It's also true that believing on some things that this might get help you swim over being rekt but it won't it just make it worst. I would like to tell you this scenario I experienced. I was holding a good coin before the drop after bitcoin soared to 20k. I was enjoying profits that was like $1k profit on my part and then it went all the way down. When it goes down by 46k profit, I told myself I will not sell because I guess this will just go up again. But it didn't that was a massive drop.

In general, I would not want to risk my money by investing them in new projects.  Perhaps I have not yet learned how to determine the prospects of a particular project, but indeed since the time of 2016, most ico companies have not been implemented and many teams have disappeared from sight.  Many projects do not support their communities with project development announcements.  This makes us think that most new projects have no future and are a waste of time and money.  Based on this, I prefer to invest only in proven cryptocurrencies, which are in the top ranking of the cryptocurrency market.

You meant to say' holding bad altcoins can get anybody rekt?'the fact is we have many good altcoins and many more bad projects with dangerous aims, it takes lots of lessons to identify good coins that deserve to be hodl for long term and that lesson is sometimes learning the hard way

This year I learnt how emotion took over most of our decisions in crypto trade when we should be strategic, most old members were beneficiary of every run because of the experience. Things happen so fast and we couldnt cash up with it. First, was the bitcoin baby run, early IEO profits on big volume exchange, turn over from some exchange coin, now is the baby run of some altcoin. At least some bitcoin will be take from ETH run in recent days. They are so quick and slippery. The most important season is the bitcoin run coming soon and we need to make good profit from it

Things are now quite different from what they used to be in the early days of crypto. Coins at that time cane from more serious developers. Developers who are ready to offer their best and not for selfish gains. The reason moist coins go into extinction these days is greed, not really on the part of investors or traders, but more on the part of developers.

It's way too simplistic to say 'Don't hold altcoins or you'll get Rekt'.

Sure, many coins from 2016 are no more, or at such low prices they basically are worthless. Yet some are now worth a fortune. It's also easy to warn against altcoins during a bear market.

In 2017/18, just about every alt went up, some to insane amounts. Nobody during the bullrun would have said, 'Don't you wish you dumped your alts you bought way back in 2015?'

Thing is, nobody knows what will happen. I don't expect true shitcoins to go crazy again, but I also wouldn't generalize and act like decent alts won't eventually be profitable.

Thats how the market works and only the fittest would survive and to those coins who are just being supported because of the hype will eventually fail.
On the link given it was nice to see that current top altcoins are way too cheap specially with Bitcoin and if those times been considered for you to accumulate
even just on ETH or XMR then you would able to get tons of profits on 3 years time on simply holding.This is just a matter of risk management though yet it isnt really that bad to try to hold but be sure that the one you do hold is something different from others or simply does have real life usage or relevance that can be considered to last for long term.
Differentiating them is quite hard but once you got it then expect for such pay off.

If you're planning on holding lower-marketcap coins and/or coins with a less active userbase, I'd highly suggest setting a point for yourself where you sell off your coins before you even purchase whatever coins you plan on buying. Most alts come and go like the wind, though most of the top 10 or so alts have at least stayed somewhat relevant over the last few years. I hold BTC more or less indefinitely, though with the increased risk of holding lower alts I'd suggest setting a sort of stoploss as I mentioned earlier due to the risk involved.

If you hold some random altcoin that is new to the market, then yeah, there is a high chance you will get "rekt" that is make a huge loss. Altcoin market is very unstable and the price of altcoin is really volatile. The risk is even higher when you are investing on new altcoins. You may see the price of the altcoin momentarily skyrocketing but then after you invest, the price may start dropping very badly. This happens mostly because the devs or early investors starts to dump that coin because they know that the coin has no potential.
If you want to invest on altcoins, stick with the coins that are active in the market.

Wow. Now this is a scary reality about altcoins. I have mentioned it before. Most of the altcoins that were making waves in 2017 will cease to exist by the next bull run. Many coins that were raised through ICOs will be gone by then.

Holding is not actually the issue, moreover those who held ETH and BTC last year to this year made good profits, I think the issue here is the type of coin you are holding; who are the team? what is it solving? Is there an already developed product which is currently working and constantly updated? These and many more are to be considered before one ventures into holding, if not taken into consideration then the person gambling with his funds. Furthermore, another problem is that most people instead of doing their own research prefers to believe whatsoever some groups (or experts) says about a coin. Like I stated earlier, holding is never the issue but what prompted the person into holding; there is no doubt, many will cease to exist but there are some which will continue to wax stronger.

The cryptocurrency market is receiving a lot of new altcoins add every day. Many of these altcoins were creat for different purposes, but mostly for profit. The trader will gradually abandon altcoins with no potential and discarded by exchanges, so the platform leading to that Altcoins will be dug. There are many Altcoins created in 2016 that still thrive and are stable.

I hold altcoins but priority first it should be bitcoin. I've seen this kind of advice before on youtube and the perfect thing to do is to hold and buy bitcoin first before exploring with altcoins.
And once you are done and you think that you have an acceptable amount of bitcoin it's now time for you to explore a bit with small amount into altcoins. I have invested in alts but it's only for altcoin and other known top alts, I'm aware that with the fate of those top altcoins before, this can also happen to my alts now but I don't worry at all because I have bitcoin.

Choosing the right coin is very important but we cannot assure that the coin we hold will give us profit in the long run.
We gamble on its future because we see its potential, we could lose or profit, that's why I suggest that we should not only focus in a small number of coins as although these coins we are holding now are popular and has a high potential based on its status today, it could be a different story in the future.

Holding an undervalued coin now will likely gonna give us a great profit and we might be able to sell it in a shorter period of time.

Doing your research might not be effective these days mate, we must observe the best coins not just on research but for its community. Many social media groups that could help us like telegram and twitter. Always join the community through informations that will help us choose the right one.

Holding Altcoins can't get you Rekt but yes holding shitcoins can get you rekt. I trade some coins in 2017 and after 2018 there is no sign for them at all. I think holding altcoin is great, it's give you huge profit if you choose right one. Before hold coin it's a mandatory thing that you check that project properly. Otherwise you can get rekt.

And that is a wrong idea about holding altcoins or cryptocurrencies in general because what I know of is that depending on the period of time we want to hold a coin, we may get rekt or profit. Let's say if you bought ether at 500$ and when it went to 80$ and you sold, you may be rekt in that sense. How about those who bought at 80$ and are holding till now? Are they getting rekt? And the answer is a big NO because of the time they enter the market and how long they want to hold the coins. So in my opinion, holding does not always get you rekt.

Holding coins for a long period is good if there is a profit we get, but now there are many altcoins and it is difficult to predict whether I will hold this coin for a long time or not, for the altcoin that I currently hold, I get from trading bonuses from a new exchange and I think the right time to sell and new information is really needed if you become a holder.

There are too many altcoins in the system and that is the reason why choosing the good ones usually becomes a challenge for investors. So to play it safe, invest in projects with real working product so that it can serve as a backbone for the coin and maintain its value

Yes even some that are still existing, most won't be found in years to come. Most projects lack utility, developers give up half way, some others are pure scam looking for a good exit strategy. Trading what one can is the best to do.

Its not advisable to hold a coins that are not popular because it might turn to shitcoins.

That's why its important to do a research on what coins to invest in, not all coins can manage to recover even the market condition is getting better.

Altcoins are profitable to hold but dont just invest in random coins make sure to choose the well-established.

Hey dude it's not about choosing but this time even holding the best altcoin and bring you a big lost for sure. The speculation market is a very volatile that everyone doesn't know about the market direction will be.
it can be pumped or dumped everytime.
We are entering the market at the big risk when each of coin is worth a lot of money and when it got dumped by the big whales and it can plunged instantly.
bet in a new coin is much better rather than take the big coins right now

You cannot just say generic statements such as HODLing will bring you profit or its opposite HODLing will get you rekt. Getting rekt or getting profit are both possibilities. If you take a look at the historical data of prices, there are so many altcoins that have already given more than a thousand percent of profit over the years. In the same way that there are also a lot of altcoins that have given negative or even death certificates of their coins.

My point is that, choose the best altcoins. The most solid altcoins are those that have maintained their top spots for years. If you choose those that are pretty much unknown, you will most likely get rekt.

I completely agree with you that it is not worth holding your cryptocurrencies for a very long time, because at any moment any company may go bankrupt or simply cease to exist and because of this, your tokens can drop in price to zero and you will lose all your investments, so if you want to hold various cryptocurrencies for a long time, you need to choose the most popular and top cryptocurrencies such as bitcoin or ethereum, especially those cryptocurrencies that are in the top 10 by cmc.

The kind of attitude you need in this industry is needed to be above average because the movement of the price can shock you at any moment, mostly when it goes down after a sudden pump. you really need to learn this kind of basic before to engage in some kind of crypto investment.

Most people that have successfully earned a huge amount of coins is because of their patience to hold it and the knowledge on when to sell it, its not just some kind of trusting your instinct in this kind of industry you really need to use your brain unlike you are on school, you can let your mind walk while you looking at your teacher but in this kind of thing you really need to focus or you will end up losing your mind as well.

reconsider before you put money into altcoin, my suggestion is to minimize losses you can place money on the top altcoin in the market. related to HOLDing depends on how altcoin you hold, if you have altcoin that is difficult to develop it is a warning for you to take another altcoin option that is more feasible for long-term investment.

Indeed a truth ! Following these statistics , it’s only dangerous to hold some altcoins because by records , they will be flawed in a war or two ! So it’s good to choose what you hold and hold for long , when to sell high and when to buy back .

My opinion is that holding a lot of coins in long investments is not profitable, many of them will depreciate sooner or later - lost money, in addition to investing in altcoins, I consider it necessary to constantly trade

If you want you hold potential alts, make it is really promising just like Ethereum, Vet, Cardano, Kcs, Neo and Waves.
These coins I had mentioned are all listed on top in the market. Because I agreed that once you choose the wrong altcoins,
for sure it will definitely wreck you up. And make your reference for this is CMC, good luck :)

It seems holders are the biggest loser in crypto.  Why hold when you can actually increase your amount of token by simply trading the coin. Just swing trade it , buy low and sell. You  make profit and you still get to keep your token. Its a win win situation if you can trade at minimal chance of loss

That works great ... until it doesn't.

ETH holders years ago made a fortune. Swing trade at the wrong time, and you watch as your token becomes too expensive to buy back into.

So it can be worth doing in smaller amounts, or if you can guess the swings correctly. Just be aware that if you guess wrong, sometimes things can go very very wrong. There are also tax considerations to take into account, swing trading will turn all of your long term capital gains into short term... and unrealized gains into realized (at least for US people).

Depends on which altcoin you are holding. And how much it effect your portfolio. In this market most of the coins are altcoins so many people are in to altcoin. In also hold some alts but most of my portfolio are into bitcoin. Almost 60% maybe. 25-30 % into high cap coins or highcao altcoins. And then very less in some risky alts. This kind of risky alts can give you huge profit or nothing. So if you are into this alts with your full portfolio then you better should think about it.

Don't limit on the top 20 only because the ranking here https://coinmarketcap.com/ is very competitive.

Majority of the coins rank 21 to 100 are also good coins basing on its trading volume, and the ranking changes, coins in the bottom could also rise if they investors will choose to put them up, so it's also necessary to dig deeper so we will not judge easily, instead we will see the real value by looking behind the price of the coin.

I think that the storage time of altcoins depends on alikhonov, in which you invested. The main thing to remember is that investments are made for profit, so it is worth selling when you get it and not be too greedy.

If you said most altcoins, then yes it is true. But not all altcoins can get us rekt.
New altcoins without team details must be avoid, transparency is very important in new crypto project to gain trust.
For now, i will only buy top altcoins to hold while the market is still on the bottom.

So the 10 altcoins above in coinmarketcap are the right altcoins to store, because basically altcoin altitude top positions have a good development in the future.

I do not think in that direction, not all altcoins can get one rekt, before you invest in any altcoin, you should have done a lot of research and also make sure to pick coins found in coinmarketcap especially the tops. Especially those with undervalued price but with potential. With time you will definitely be in profit.

That would be the worst advice ever, holding altcoins right now is the worst thing that can ever happen to any investor, when it comes to altcoins, the best thing to use them for is short term trade, it is a trade that you can get in and get out quick.

Altcoin are not much reliable for now to stay with them for the future, the moment that we see an increase in them, that is the point where we have to quickly remove them and look for bitcoin to invest in and i think that is actually what many people are doing right now, and this is the reason why bitcoin is gaining dominance for a while now, people are just tired of holding on altcoins, most especially their bull run, and bitcoin being the only performing coin, they are investing in it.

yes, the top altcoin in the market is the right choice to minimize losses, especially if the market is in a bad situation. It is not recommended to hold altcoin whose development is slow. I personally also have top altcoin like bnb, eth and usdt, what about you?

Have a sense of knowing good altcoins. It's not bad at all to trade and invest to altcoins but you should also know your limitations as an investor.  Learn from the past and apply it to your current investing technique.

That's right and this is what I'm saying. Having that kind of sense and knowing the good and bad altcoins.

Most of these altcoins exist, but they are not in top 100, but in most cases they have bigger market than in the 2016. Compare it and you will see.  ;)

I also think that in the cryptocurrency market there are at least 400 very liquid Altcoins. And these coins have the right to life and will continue to continue their development!

Many old coins no longer exist and this might happen because the developer team is no longer active or has begun to be abandoned by investors. In addition, many new projects with advanced business prospects make old coins begin to be abandoned and it is true that coins that are now in the top 100 are mostly new coins.

as developer gives with use of reference on whitepaper investors might defines on decision as expecting with returns on beginning initials as rejecting ideas of work on countless returns as the drawing on release with the unexpected movement on chart with the market.

I totally agree with this statement, holding Altcoins destroys too many people, including my family. We could have made a lot of money in early 2018 but we made a terrible decision not to sell and we lost all our holdings almost in dollar and sat value. I do not know in the future if we can ever get even a remote amount of it back but I believe our big chance is now well and truly over. Now whoever made big money has already made it and now only the big traders and capital can make anything now that is decent.

It depends on type of altcoin you are holding, you could've seen what's coming for altcoin on early 2018 as bitcoin is slowly decreasing its value. As I am bounty hunter I really quick sold my altcoins I got from my projects, I don't mind losing or gaining from it. Now this will be a lesson for you, Hold what's really have a potential. As I see the market now only huge capital trader are just earning.

They are bad altcoins, holding them will surely get you rekt, hold well established projects like
1. Litecoin
2. Dash
3. Neo
4. Eth
5. Bnb
Etc , we have many good altcoins that will no how do better in future,i see no reason why people choose new altcoins over these good old coins, old projects have proven to stay for long time than new projects will ever do, only very few new altcoins are good

yes that's what a lot of bounty hunters do. I also do it now, but the situation depends on the project, market and trends. in 2017 we learn how patiently saving altcoin can make us get a bigger profit. but in 2018 panic comes to a market where patience makes our money disappear. and this year, I think whoever takes the opportunity faster will get the bigger profit.

You are kind of right. Holding altcoins at this time of the market is not advisable because of the fall in prices.
But the truth is that many holders will not have choice than to hold their altcoins because the prices have fallen far below the price they bought in. They will hold it at least till the price returns to the buying price.

Holding coins for the price to recover to the price they bought it is depressing, instead of doing this why not sell off and buy bitcoin instead? btc can easily move up in price so you will make quick profit this way but altcoins have higher advantage in returns than bitcoin will ever be, those who witnessed the 2017 market know what im talking about.

You are right and believe you but to an extent; to me the issue isn't holding altcoins but instead it is the type of altcoins we are holding. Some of these new coins nowadays are not worth holding, some are just a product of profit; that is the team will cause the neccessary hype then cash out and the project will be on a downturn, now the issue isn't the downturn but the effort of the team to ensure the platform keeps standing. Most team lacks what it takes to maintain a project and the current nature of the market is exposing them one after the other. Furthermore, holding good altcoins is worth it such as ETH and its likes.

i thinkbyou are right in that aspect but the same alts can also put smile on yr face when you hold it at bull time so putting stop lost in place will do alot to prevent you in lossing much which is a big show for you but this still has to do with yr risk management on your side . 

I'm also a bounty hunter, but I can’t say that I sold absolutely all the coins that I received as a reward for the bounty. I have bet on some projects and expect in the future that my presentiments and forecasts will not let me down.

This is an unspecified investment and investing in altcoins at this time is very risky if the market continues the downtrend. In my opinion now is the time to invest in the top coins because this is the investment that can help you earn the most stable profit and if the market starts an uptrend, all good things can happen. Maybe people are afraid to invest in altcoins now but 2020 will be the time when altcoins have the strongest rise.

There are numerous altcoins on the market and as a result of that, one should understand that some will eventually be shit coins maybe due to poor team work, inexperienced team, repetition of idea and product of already existing project, etc. Investors are always advised to do their own research in order to know which coins can survive for long before investing.

I watched a video few days ago

One of the guy actually stated that alts increase your risk exposure than diversifying it

The statement is mostly true but not entire true imo
Look at this
If you only hold onto bitcoin, you have only the risk of btc getting hacked or etc

But holding portion in alts will make sure your entire portfolio is not depending on one

Thus, it's up to your trading appetite at last

It all depends on what alts you hold. You cannot compare ETH, LTC with all the sh*t coins that appear on market like mushrooms after rain.

Currently is not a good time to buy. The market is bit unstable for new investors. It's better to buy either bitcoin or litecoin/Eth when the market is stable.

Of course you could get rekt, also you could rekt while trading it's the choice by your temperament. And investing in 100 altcoins 90 will rekt in near 3 years, but those 10 will bring you a big profit

The sad thing is, right now we can also say holding BTC can get your Rekt as well. It's not like BTC is somehow immune to the marketplace.

I guess if you want to invest altcoin right now, don't just spend the money you have. according to my analysis, market conditions are still uncertain. it would be nice if we make purchases in stages to minimize the risk if a further downward trend occurs

Best to go about this altcoins issue is to stay with and invest in trusted and tested altcoins. They aren't much but they can give any holder rest of mind and assurance that the future will be profitable.

i have said this almost all the time. it is useless holding any coin. the best option is to convert to btc or eth or any top altcoin with better trading volume and capitalization. i learnt my lesson from serve project. this project lasted for nine month and just disappeared from the scene.  i lost 90usd from that project. quite disappointed. i vow never to hold back any ne project. it is worthless.

if you mean shitcoin is a new coin or token that recently joined cryptocurrency, it does have a smaller chance than the potential altcoin that has been around for a long time on the market, especially those that rank in coinmarketcap. come on, we have to be realistic. even strong altcoins have difficulty developing their prices in this bad market, especially with new altcoins? except if the new token has an influence and very large market interest.

If you want to hold altcoin for a long time, you need to choose carefully because it will probably die at any time. I myself never hold altcoin for a long time. Only BTC or ETH

That's right, I'm regret because there are too many hold altcoins and many have died because they prove to be a scam, for the long term surely hold top 25 is the best choice.

Even holding the top 25 altcoins in the market is not a guaranteed investment. Most of the altcoins that are going into that ranking is based on hype and you should not follow the hype because most of the time, when the hype is over then the price of the altcoin will start to go down. It is better if you will invest some time to investigate and do some research to check if the altcoin is worth it to hold for long term investment.

I usually focus on the top 20 currencies in the market, which are good and reputable projects. The focus on large altcoin projects on the market helps me avoid risks and lose money.
Some altcoins that I am currently investing in are:
ETH
BNB
LTC

The logic is not good. So this means that if you hold bitcoin, it can get you rekt? No. This is not it. I remember hodling ADA and somehow it bloomed and made me good profit. Made me 800 dollars that time. Did that made me rekt?? I just included btc on my statement since it has the same risk as investing in altcoins.

That's why, it's wise being wise in trading crypto.

both bitcoin and altcoin, I think it's the same in reacting to it, but altcoin has bigger fluctuations and smaller market capitalization than bitcoin, so if we can take advantage of opportunities, I think we will win. and of course it requires a more thorough analysis

Holding any coin or token will make you REKT if you buy it on Top. Analyze the market then find best moment to buy LOW

Holding altcoins can get you REKT or can make you Rich.
No need to go back far away from 2017. If you invested on right altcoins at the beginning of 2017, you could get your financial freedom at the end of 2017.
In a year you could win more than you need in your entire life.
Btw if you invested on “right” altcoins at the beginning of 2018, and hold them strictly, you would be totally REKT ☹️

Holding altcoins for a long time is not a good idea anymore. Invest in the early phase, if you get enough profit to sell them and buy Bitcoin. Most of the altcoins have no future at all because they have no use cases! Though we have some great altcoins like NEO, BNB, XLM, LTC and some others but we have to be aware of new altcoin investing!

Trading with emotion can be your one-way ticket to getting rekt. HODLing can sometimes be good but it's always a good idea to put a stop-loss and take-profit on investment.

Not all altcoin is shitcoin. So you need choose wisely to invest your money on it. Do with your own research. There are still many projects that are serious about building projects and dedicating themselves to achieving their goals. Abandoned projects are if the project does not develop at all. So all projects must be transparent about the progress they are working on to inform investors and their communities.

Now is 2019, altcoins now has a big difference compared to 2016 from that time up to now there are new potential coins that has been added in the market already. And I feel you also, but not all altcoins are shit, especially now if you are going to search it first will find out and discover if that coins is potential or not. Moreover, if you are going to hold a coin for a years I suggest you to hold Ethereum, Bitcoin, Xem, Eos, Waves. Never hold an altcoin that has no good volume and don't have any promising in the future.

I don't like the idea at all, holding altcoins will get you rekt if you pick some shitcoins but if you deeply research about the projects that have usecases that will benefit in the long run then I must say that it will not get you rekt. Imagine if you hold top altcoins when they are just starting up. Imagine you are holding ETH,EOS and NEO in they're early days, too much profit on your side.

true dat is why i only holding top 10 altcoins like ltc eth xrp bnb doge and more i hold these coins bcos its more safety compared by other new altcoins if you hold a new altcoins you prepare to get rekt because new altcoins can get rekt easily

Of course holding non sense coins/tokens will make you lose and get "rekt" sometimes. Just go to any cryptocurrency exchange and look at the amount of the shitcoins being traded there, peoples still believe in "Buy wait sell" way, it's old i think. That doesn't mean that it doesn't work ... it does work but you must be lucky and you must at least have some knowledge. Don't just buy 100 Btc and invest them in a coin that you felt like it will fly, lol, you'll get rekt. Instead, be wise and take a look on the graphs/roadmaps.

I still think that few altcoins are good for investing. The wrong insight of many altcoin investors is that the coin that they recently bought is going to the moon without thinking that the coin they've just invested isn't really good because they didn't research about it.
And by thinking that price would be as like as bitcoin is very wrong, consider the supply of that token and other things like volume, developers and usecase.

Despite the fact that the altcoin market is highly manipulated I still dont believe that holding altcoin can get ones rekt because the last time I checked all altcoin doesn't have the same concept, potentials, trade volume, and innovation. Besides, the only thing that can make ones rekt is not knowing the right features to look out for before selecting an altcoin.

I agree! Most especially the shitcoins which can reduce your thousands of dollars to hundreds in minutes. More so, over 70 percent of top 100 coins on coinmarketcap have tanked from its ico price at the moment.  Now imagine of you are a holder which bought during ICO.

You are right, certainly right and can't be disputed; many of these altcoins are no where to be found and the worst is that, many are also getting worthless with each passing day. Holding is good actually, but holding coins without carrying out a little study to know if it's worth it or not is totally bad. Also, you made striking point and that is, most people hold or trade with emotion and it has done more harm than good to them. In addition, most people also hold because someone told them to, but the person won't be quick to tell them when to sell. Holding most altcoins nowadays is bad, we should all endeavour to be careful and know when to let go.

This is quite a normal situation, the same thing happens with ordinary companies. The most important goal is to find a project that will not close and will develop for many years and will bring its investors a large profit.

It probably can get your rekt if you hold wrong altcoins, right? But if you hold altcoins like Ethereum, XRP, or Litecoin, then you will have a different result. So, what we can learn from this? Most of the altcoins that disappeared are not the top ten, so it is better to analyze more about the new altcoins if we really want to invest in it. Personally, I prefer the top coins. But, if needed, some coins with real use case may be also worthy to hold for some years.

if we are sloppy in choosing coins, the result will be that our capital will just dissipate, and our wait time will be wasted due to the wrong choice of coins that we will hold for so long that we think potential is not. So you have to be smart and full of ideas and knowledge in this matter.

The idea of holding altcoins is not to get any holder Rekt. The main point here is  that holders must be careful with the type of altcoins they choose to hold for long term. This is largely due to the fact that not all altcoins are capable of surviving or becoming successful. Hence, holders must research into these coins to know the capabilities of every coin in possession in order to know how long to hold and when to sell to make the profit.

Actually not all altcoin, but indeed we ourselves must be careful to be able to choose the right altcoin to invest. most altcoins are indeed quite high risk, even coins that are in a position of lowering are also large especially altcoin which is less strategic I'm sure prices dropped dramatically

Altcoin is very dangerous actually. If you not choose a good one then there's a possible rekt that will happened on youre investment portfolio. I guess many projects die out due to lack of liquidity, and the problem with altcoin market is that investors and traders usually jump ship to ship in order to make profit. Now if the tokens left by traders, market lose value slowly cause none much trading it anymore.

Holding altcoin is not good way, many altcoin never become stable coin with have lower price after one or two years later, an altcoin price increase down more than 50% and could be lower.

It should be altcoinS soon.
I see that many more projects are going to the zero since they are not related with the real life projects and became only pump and dump coins.
Stay strong

Any project other than bitcoin and ethereum have you seen working in real life? Only the team keep saying Bla bla bla , we will do this and that, hardly their words come on real work.

Because of cheaters and scammers the whole crypto community has been regarded as red danger.

I will never ever invest in altcoins.

You mean coins such as Ripple (XRP), which is currently ranked 3rd in coinmarketcap? Even the top 10 list includes a number of coins that looks overpriced. There are a number of good coins out there. But the issue that we face right now is that very few of these coins have practical usage, and even fewer of them have active development going on.

Just check the second ranked cryptocurrency (Ethereum). For the last one year or so, the pace of development has slowed down considerably and although Ether still maintains a 90% plus monopoly on the platforms, it is beset with issues related to high transaction fee and security related bugs. The other coins, such as Monero and Cardano are in a far worse condition.

Depends on you. Which altcoin you are holding. If you are holding some shitcoin then surely it will rent you. But if you are holding some altcoin with great project which has a future then nothing to worry about. Just hold and chill.

Most people got already rekt by holding a coin more than they should have. IF they stayed in BTC, they would lose money again but they would not lose %90-95 of their funds. 2018 was a disaster for many people. We were expecting a better 2019 but we could not see it again. Who knows, maybe 2020 will be a lucky year for us that will bring 20k+ $. Now alts are dip and I would bag as much as I can.

Not all altcoins are bad. altcoin depends on what they choose. in cmc there are 3000+ altcoin there. and those not listed there are many more. so before someone chooses altcoin better understand first what they want to do with the coin and is it worth it to buy? see the main goal and who handles the coin. it is one that can be a coin of success or not

Betting against the odds is what most investors went after the market collapsed, many projects after reaching the ATH went down up to 90%. It's a big loss and for such person who doesn't have any patience or proper education about this market it will rekt everything. You need to make a stand and make an statement whatever decision making to take while working with long term holdings. It's about your money management and your capabilities to move forward.

A significant decline in a short time is indeed very detrimental, as we know that altcoin itself has a level of risk that is quite large if the exchange and also in terms of volume is not so large,so it is not recommended to choose with a low volume because of course this is risky

As long as we get updates on different coins we hold and those team still putting some effort developing it then we should still hold and support it till crypto gets its momentum back. We must be updated on roadmap of each alts we hold. Never lose track.

Obviously i can hold altcoins which there have added popular exchange with expensive developing work, because if i take hold unactive project then how i can expect this project will give me profits? So first this i will research more which coin i want hold for future benefits.

True, 2018 was really a disaster after a steep bullrun. Bitcoin lost more than 50% of its value. How much more to altcoins. I have many alts that was dead already and more was deleted from exchanges, thats more than being rekt.  ;D

 I think its better to check your alts from time to time and cut loss if you think its not getting any good. Buy back later if its okay, just always be alert on updates.

I looked at the coins that were in 2016, all that remains until today, they are even more expensive now than then, not so bad strategy hold

Buying and hodling altcoins at these price levels could be a smart idea for some investors who are looking to invest on the long term, but they need to be careful on how they diversify their portfolio. Altcoins have got much bigger hits and there are some really low market cap ones. It is logical to think that they have higher growth potential than Bitcoin if money would pour into the market again. However they carry a higher risk than Bitcoin does so you might want to make a risk:reward equation and go from there ;)

Well, because there are few coins created back then and they were recipient of the trust of the investors in the space.
During 2017, there are a lot of bad coins created so its expected that they will not survive a long bear market and we've proven it now.
it's been two years I guess that the altcoins market has not recovered yet, there are only few which recovers but not enough to bring this market into positive overall movement.

But other side holding altcoin could take many profit with pump price, many altcoin could raised more than 100% after one year listing on exchange market. Many altcoin have success with keep holding in long time.

Depending on the altcoin, if altcoin has a good product and is also traded in large exchangers, I think it's reasonable because of the large liquidity. Many altcoins die because they don't have a product or are left by the developer team

Holding the coin in a long time now does not produce anything. Maybe the disadvantage we can get. This condition certainly has changed and not as in 2017. Since the decline occurred in 2018 until now, I am convinced that from all of you can not make much profit from holding the coin.

It is worth noting that the coins you hold are not coins of poor quality. Update your portfolio because many of the coins are experiencing quality degradation because developers are hard to get investors.

It is difficult to make altcoin as a long-term investment because of its speculative nature. I agree that many altcoins are no longer actively traded due to many factors but I don't think we need to be traumatized to invest in altcoin because there are some that are worthy of being a profitable investment tool

Oh man do not tell me about alts. They made me lose most of my investment because of that bear season. I still do not understand how some alts can decline by %95, they left some people hopeless in market. If someone is going to enter the market now, I advice them to look at good projects which have high all-time-highs. They will be the ones which will increase the most.

I expected a drop off, but nothing like 95%. Or in some cases, closer to 99%. I thought at around 70%, most alts would have hit their floor. Luckily I didn't buy into any alts at highs, but I'm still at a pretty big loss as I didn't count on this summer dropoff.

But yeah, if anyone bought in at the highs, I can't see any real hope of recovery for a lot of coins. I guess by now most sold off though, taking big losses, but not disastrous losses. And if holding currently, might as well just keep holding ... either the market will recover or one might as well go down with the ship.

there is truth in what you say, I have taken altcoin for 4 months and it turns out that until now it has no value. altcoins that I hold have turned out to be shitcoin and coins just die.

If we holding it blindly, yes we can go rekt. Most altcoins from the past are dead, they have no development.
We should be very picky when we want to holding some coins for long time, otherwise we may holding some useless coins.

Most Altcoins dont get high liquidity when they first launched on exchanges it will take time before it could get a solid growth. Unlike the top coins in the market new altcoins some of them might not recover if the team decides to abandon the project, thats basically the consequence if we invest in cryptocurrencies sometimes only hopes are left.

Hopes also tricked us to patiently wait for nothing, most of those new projects being listed and dumped inside exchange don't have any chances to recover back, most of them ended up nothing and failed the investors. Developers without long-term projections about  their projects will
runaway after seeing that the project fall  hard, knowing that they already have decent money to enjoy. Alts might be an opportunities but only
those team/s that have good views about the usage that they can offer along the way.

I almost feel bad for making money by selling some of this coins before they died, but to be fair, i lost a bunch with developers that just left or disappeared.

But as you talked about avoiding emotions; hodling some of these coins from 2015 would have made you very rich. You just had to pick right ones.
Back then there was no shortage of shitcoins either. They just had smaller budgets to market themselves. Instead of being tokens, they were just forks.
Most of them have only announcement left of themselves.
 
And if you go even further, they didn't have an ico, or even a real developer. But after tokens came, the amount of vapor projects multiplied. The money raising factor made them even more scam instead of being hobby projects. So the changes of holding a vaporware now is way bigger. At least if it's a token.

You really get rekt if you hold a shit coins, just like mine I have many shit coins in my wallet since in the last year, they are all dead now. I should sell them in the first place if I know that they no longer to survive.

Bitcoin is the only investment that a person should make. Altcoins only looks pretty they do not make a lot of money.

It depends on what alt. you hold. If they are at top 10, I think it will not be. But if it's true, at least you already have a plan for cutloss at right price to minimize your loss.

I think there isn't a single person here that doesn't have at least one shitcoin. Nobody can predict the future, we chose to believe in some projects, if knew better we wouldn't invest in them in the first place. I had a chance to sell some coins at their ath, but I somehow missed that golden opportunity and I got busted, some of them worth 1 satoshi now.
There's no time for regretting, we need to learn from that experience and to try to be better with our investments now and future ones. Regretting is contraproductive in anyway, focusing on today's challenges require concentration, how else to analyze current market conditions and to do a research if you aren't focused on that.

I lose most of my funds to altcoins investment too, i guess those altcoins that surge at that time are not all good coins, if i have knew then what i know now i won't be in big lose today, now i know how important it is to always do better research on projects before investing

Simply holding coins will not yield you any profits. You have to be careful and have much knowledge to get benefits. Cryptocurrency is highly volatile and one should not wait for long time thinking it will rise up, up and up. My suggestion is just hold, assess the situation and sell the coins when their price goes up a bit. Do not wait for too long.

If you hold altcoin have lower rank on coinmarketcap maybe you will rekt with your assets, its not care how long you holding or not because shit coin is not have chance get much profit, but if you hold top altcoin on coinmarket cap I think you will get much profit although holding just few days or few weeks with your altcoin assets, now you have way which one altcoin have to hold.

I see people encouraging hodling doing so to reduce supply to market in favor of themselves to hkeep the price up for themselves to sell. I happen to be a victim with junks of tokens in my wallet. I am not in the club of quick seller.

Most altcoins are good for shortterm in this present market condition, might be a better choice for those who like predicting on bet platforms but if you know which altcoins you hold you won't get rekkt, i almost change all my altcoins to old altcoins now because they seem to be better than new projects

Haha,,, do not worry you are surely not alone.

I saw many of my coins drop to 99% of old value even, but anyway I learnt my lesson early and since then 90% of my money goes into Bitcoin or so, and the rest is solid alts and MAYBE 1% into risky alts.

We all know and can laugh now but I do feel bad for those who put a lot into stupid shitcoins like TRX.

You are right, Investor should visit trusted site (https://www.coincurb.com/) before investing in altcoins. Crypto-market is facing dump it will be good to invest in top 10 altcoins.

Right now investing in the top 10 altcoin also doesn't offer benefits, because it requires the current market to be very different from previous years, but investing is also not a problem, as long as there is a strong and careful analysis.

Pretty solid advise. Altcoins are a thing of the past and people have lost so much trust in them because of all the scams that have happened. Even huge and real altcoin projects like Ethereum have felt the brunt of the damage (currently trading at ~$170).

Better to be safe and just buy bitcoin.

Not all coins that we hold for a long time will give us an advantage. All depends on what coins we observe and examine, if we take a random sample then we will get different results. But if we look at some of the top coins and analyze them, the results will be very good if we compare them from 2016 to 2017. So, don't just hold and wait for it a few years later, hold the coins that you think have the potential to make a profit and don't forget to keep watching market movements.

It is necessary to determine what you are going to analyze, what indicators. If this is a technical analysis, then in essence it will not give you anything. In the cryptocurrency market, one needs to analyze liquidity, capitalization and trading volumes.

That is the main reason why we should only hold altcoins that have high volume and have potential growth.  We will lose mony if we hold altcoins that doesn't have value so we should be careful in terms of buying.

Holding altcoin should only be done after you convince yourself that the market value of that coin will not fade in next years to come. Analyzing which among them has the highest potential growth is difficult and many other people has their own various views and preference that you can use as basis for your decision. This is industry changes a lot so keep studying the market and only invest if you accept the risk of this dynamic industry.

Sure, I agree with the point that you must not hodl something blindly forever or fall in love with any project, and you must trade and invest without letting feelings take control.

But still, there's nothing wrong with hodling good altcoins, even for years. Imagine someone bought NEM at $0.000175 on the day of your screenshot and sold it when it was $1. He experienced 5714X profits (NEM went to > $2 prices in January 2018).

How much profit would he have if he traded frequently? Experience says: much less than that.

This proves that not all altcoins should be hold, though they can still be revive in the future who knows. It is sad to think that there are alts that just faded in the industry after the days of promoting it in different platforms. This made me wonder what will happen in the current projects I come across after a few months from now. I hope that most of them can sustain and improve their position in the market.

Obviously i will not still holding because when i got profits then i sell altcoins. Basically i am not a biggest amount limit holder so always i want expect some profits then again i will jump other altcoins which altcoins more improve team developing and there good future.

Holding any other altcoin can get you rekt or make you rich. Its a two way affair. Nobody knows the future of any coin and that is why you should always trade with an amount that you can afford to lose.

Depends on which altcoins you are holding. In time most of the altcoins died so you have to be careful when picking one. If you are holding some good projects then there is nothing to worry about.

Study after study must indeed continue to be done. don't get stuck on shitcoin which is only used for games and enriches its developers. Choosing the best trusted altcoin that is highly recommended. Then also choose the type of altcoin that you want to follow, whether type of short term, medium term or long term. and need to be patient to get maximum results.

a little agree on this, especially if altcoin is a project of ico or similar, I am sure sooner or later we will rekt, but if we hold altcoin that is not from there the opportunity to get profits remains.

It is true, especially if you consider that major coins like ETH, LTC or even XRP are far below their ATHs. But I do not see any point in selling them right now for peanuts, because one day the whole market will raise.

Yes indeed, it seems foolish to stick with one coin when the market is utterly unstable. The fame of btc keeps affecting minds i guess.

Yes this is true. Holding shit altcoins can get anyone Rekt and one of the most important thing in crypto is to always take or cash out profits as at when seen. Although there are some altcoins which are good for long term but they are not much in the market.

Sometimes shitcoins can give you huge profits that a good project can't. But still, that is a risky path and not for everyone! I think there are many altcoins in the market that can be held for a certain time to earn a good profit from them. To make it, you just have to be choosy and experienced to know the best one!

Definitely true if you are some poor schmuck that picked the shittiest, scummiest coins. You will get less rekt if you carefully chosen coins that have excellent usecase, thriving community and dedicated devs. And maybe some day you will be rewarded with 40xs.