Holding Altcoins Is Not Profitable Anymore

[CryptoBry]

This is based on my own experience as I still have any altcoins in my wallets right now and I don't want to sell as their value is just a small fraction compared to their ATH. I now realized that I should have sold them when they get into their ATH and use the funds for other endeavors that can produce more stable income or profits. We are in a very volatile and treacherous market and personally this is not suiting my personality as I am not a big risk taker myself. There is a big possibility that by next year I will be taking half of my attention and time to other ways to make money online since I can sense that there can be a coming realignment here that can shake the whole industry akin to the DotCom meltdown.

What is your experience with altcoins and cryptocurrency in general? And are you still a hard believer in the future of cryptocurrency?

[R9s]

All investment markets have huge risks, but I feel the same. Now, the altcoin is not suitable for long-term holding, because the market has been in a bear market and there is no sign of a bull market. Long-term holding of the altcoin is not only difficult to earn profits. More likely to suffer huge losses!

[poodle63]

This is based on my own experience as I still have any altcoins in my wallets right now and I don't want to sell as their value is just a small fraction compared to their ATH. I now realized that I should have sold them when they get into their ATH and use the funds for other endeavors that can produce more stable income or profits. We are in a very volatile and treacherous market and personally this is not suiting my personality as I am not a big risk taker myself. There is a big possibility that by next year I will be taking half of my attention and time to other ways to make money online since I can sense that there can be a coming realignment here that can shake the whole industry akin to the DotCom meltdown.

What is your experience with altcoins and cryptocurrency in general? And are you still a hard believer in the future of cryptocurrency?

It's your fault because you were not selling your altcoin when the price at peak. Remember this just try to go out as fast as possible when you are getting a good profit. I still hold some altcoin but  it's just the matter of time until there will be another jump. you can sell your altcoin right now

[Barrueco]

It's your fault because you were not selling your altcoin when the price at peak. Remember this just try to go out as fast as possible when you are getting a good profit. I still hold some altcoin but  it's just the matter of time until there will be another jump. you can sell your altcoin right now

I totally agree. The alt coins can be very profitable but you have to know to sell them at the right time. The volatility is much more greater than BTC even 10 big alts. By the way, I think Ethereum is the most stable (and also good profitable) coin after tether.

[tweetbit]

Holding altcoin in my experience needs more patience than bitcoin. Only because it worths more if you can wait for this project be completed and be known/hype. I have more alternative coin in my hands than ever and don’t want to sell it at this time. The bullish run will soon come and I don’t want to waste my coins for small cash and benefitted the whales.

[AngelSky]

Holding altcoin in my experience needs more patience than bitcoin. Only because it worths more if you can wait for this project be completed and be known/hype. I have more alternative coin in my hands than ever and don’t want to sell it at this time. The bullish run will soon come and I don’t want to waste my coins for small cash and benefitted the whales.

Like the bitcoin you can see the altcoins price also in the same view. There are plenty of the member invested on both the btc and other alts mate. If you invest on ICO project some time you need to wait for 6 months also see the fund you invested mate.

Actually you need to bear for sometime mate and with in that time all the cryptos are bumping more than in the market mate.

[Black Coffee]

What is your experience with altcoins and cryptocurrency in general?

I am lucky to get to know crypto this year and when I enter the market I get all the assets at a low price. I will hold it for long term and I hope to get high profit in the future.

And are you still a hard believer in the future of cryptocurrency?

I believe that crypto can be a problem solver and blockchain will be used in all fields in the future.

[renes]

I agree but you can't make profit in a bear market even if you hold the best altcoins, also all altcoins are on the way to die so you may end up with nothing while proudly holding.

[Showmethebtc]

I agree with you. I think that the altcoins I am holding are slowly dying. I have been expecting them for the past few months, but now I am very worried about their future. Altcoins now seems to have no future.

[tweetbit]

Holding altcoin in my experience needs more patience than bitcoin. Only because it worths more if you can wait for this project be completed and be known/hype. I have more alternative coin in my hands than ever and don’t want to sell it at this time. The bullish run will soon come and I don’t want to waste my coins for small cash and benefitted the whales.

Like the bitcoin you can see the altcoins price also in the same view. There are plenty of the member invested on both the btc and other alts mate. If you invest on ICO project some time you need to wait for 6 months also see the fund you invested mate.

Actually you need to bear for sometime mate and with in that time all the cryptos are bumping more than in the market mate.

I agree mate. I have invested also in bitcoin and more or less the pricing of both have same movement not all, but majority of crypto coins. I can theoretically say that I’m one of those person who are most patient than any other members and my wallet can surely show that. I’m holding both bitcoin and altcoin now without any intention to sell it in a low price.

[Cnut237]

This is based on my own experience as I still have any altcoins in my wallets right now and I don't want to sell as their value is just a small fraction compared to their ATH. I now realized that I should have sold them when they get into their ATH and use the funds for other endeavors that can produce more stable income or profits. We are in a very volatile and treacherous market and personally this is not suiting my personality as I am not a big risk taker myself. There is a big possibility that by next year I will be taking half of my attention and time to other ways to make money online since I can sense that there can be a coming realignment here that can shake the whole industry akin to the DotCom meltdown.

What is your experience with altcoins and cryptocurrency in general? And are you still a hard believer in the future of cryptocurrency?

Yes, I'm still a big believer. The price drops this year have been a response to the mega rise at the end of 2017. I don't think that crypto is in meltdown. A big correction was necessary, and is healthy for long-term growth. The market has now twice bottomed at around $250 billion, so there is plenty of resistance against further drops. I think we will see green again shortly, and that the pattern year on year will continue to be price increases and overall growth.

[davida]

I have a very strong believe in the future of crypto that it will grow higher and become accepted globally and that is why I till invest and hold my coin and even altcoin to increase my earning in crypto. Holding altcoin especially profitable ones can be very profitable if you have very good knowledge of how long to hold and you should also know when to sell especially when the price is high enough for you to make reasonable profit.

[Red-Apple]

holding altcoins has NEVER been profitable ever in the past 9 years that they have existed. none of them had any real potential of rising in the long run and they all disappear eventually because you can't really pump and dump the same thing for eternity, there will come a time when you can no longer pump the same thing.

times like last year that the pumping cycles last long always mislead newbies into thinking two things: altcoins are good holds and thinking they are good traders. but when the pumping cycles end they always face the reality that altcoins are best for short term trading and also they are terrible at trading.

[disconnectme]

It is nature of market we are, the most important thing now is to hold the right projects, most people thing the bull market would last forever but we now see that market is in circle. This is the buyers market and we need to keep believe in those projects we are buying into. Mostof these tokens won't regain their ATH prices again because the price dynamics is changing

[Lucifer1010]

you should know what to holding bruh ?
the main thing you sold when it pump, take profit and run, or hold entire left coin wich wont affect even it drop to 0, 

[European Central Bank]

the definition of holding is sitting there and waiting for things to play out until the right moment instead of wrecking yourself guessing trades. if you're doing that then you should set prices where you're ready to sell and stick to them no matter what.

that also means not dumping at a loss when things are looking droopy. if you hold for long enough and you've chosen the right project then you'll be fine. people who paid 50c for ETH or 25c for XMR will concur.

[poli_btc]

You want to get a quick profit in a very short period of time. And you know that many altcoins took more than 2 years to gain their popularity and grow well in price. If you are not a patient person, then the cryptocurrency market is not yours.

[BitcoinHodler]

What is your experience with altcoins and cryptocurrency in general? And are you still a hard believer in the future of cryptocurrency?

you shouldn't confuse the "future of cryptocurrency" with "future of altcoins" or in other words the "existing altcoins". so far the altcoins that we have in the market are a bunch of pump and dumps. there are good projects that aren't even in top 20 coins but they are being ignored because big bloated altcoins are taking all the attention.

the future is going to be the same as long as people want pump and dumps instead of good coins.

[jvdp]

You want to get a quick profit in a very short period of time. And you know that many altcoins took more than 2 years to gain their popularity and grow well in price. If you are not a patient person, then the cryptocurrency market is not yours.

Altcoin need 2 years more? what is the speculation it is mate. I want to invest on the altcoin and get the profit after two years in the sense why people should come to cryptos bro. According to me you are completely wrong. Mostly people will be go to invest on the good altcoins which is been top 10 ranked coins mate.

If you think those coins are really shit it may grow after 2 years only. Please check the growth of the altcoins from its scratch. Its value is grown more than 200 percentage in each coins bro.

[Geoff999]

It depends what you mean by profitable,

If buy bought mass NEO for 16c each, and you are generating 1 gas per 100 you hold each month, say you have 10k NEO, your generating over $1000 a month for free.

If you bought NEO at 160 dollars, then the Gas will not offset the market decline I agree