Holding Altcoins Is Not Profitable Anymore

[allahabadi]

Reading the OP it appears as if you know when it's ATH... The thing is you don't know it's ATH unless it is done and dusted.

In 2010 30$ was BTC ATH... Now what?

[bozo333]

Holding altcoins are always profitable in crypto currency because all the peoples are expecting good growing coin in short period.
But short term trading is really unpredictable so long term holding is profitable investment. This year many holders only safe to run in the investment.

[coinplus]

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!

Altcoin was never suitable for long term holding, even if not all of them, but most of them and that is why a lot of people who buy at the peak always end up complaining a lot.

The altcoin market is filled with a lot of pump and dump coins and tokens since there are so many of them with no product and a lot of them also with product is still not being used well in real life and that is what would bring about sustainable demand and rise in value for some of them with product and until then, it is more of buying the dip and looking forward to the pump.

[Vladique]

There are very few coins that can grow in value after entering the market, since most coins after entering the market fall very much in value and are traded below the price of ICO. We will not see much growth soon

[Geleve]

sorry but it is bullshit. altcoins are still very profitable. if you think you can be rich in a few days, there is no way. there is no such an investment in the world. but check the rates of 1 year ago and check nowadays prices. you will see they are enough profitable.

[Saidmod]

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?

The idea of selling is in profit or called profit taking as it is not necessarily that the price is always uptrend its impossible. With your current lose and experience at least this time you realize that it is not profitable to hodl yes it is not for this market. Hodling is for bullish market and bear is buying time again.

[matchi2011]

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?

The idea of selling is in profit or called profit taking as it is not necessarily that the price is always uptrend its impossible. With your current lose and experience at least this time you realize that it is not profitable to hodl yes it is not for this market. Hodling is for bullish market and bear is buying time again.

Common mistake, not knowing when to invest and when to harvest your profits, better to analyze those factors then decide if you are capable of finding those information that you need to make sure that you are in the right path, knowing and gathering ideas is very important to set your position from this volatile market, this is the attitude and skills that traders should have.

[Clark05]

I still believe to cryptocurrency and I believe once I hold it for few years I will earn more money. But not all altcoins are good to hold because most of them are not potential but if you have potential altcoin your  potential also you get high profit is very high also. Altcoins is good opportunity to earn money .

[pyosar]

I still firmly believe in the future of the crypto currency, and it seems to me that you have in vain raised a panic. Now all prices are falling and this is perfectly normal, after such a sharp and rapid growth in 2017.

[bitkanu]

I still firmly believe in the future of the crypto currency, and it seems to me that you have in vain raised a panic. Now all prices are falling and this is perfectly normal, after such a sharp and rapid growth in 2017.

They are not thinking about that and they thinking crypto was starting from the top and it goes to the bottom lol
I have seen it so manytimes about the price of crypto gets dump from the manipulators. Crypto was starting from the zero value (BTC) until it was having more than 6k value right now.

[TokenForUs]

its human nature which dissatisfied with what has been achieved, if they can take more  so why don't made it more with easiest way? most of peoples will have the same opinion to take profit as high as they can. You know very well the risk of cryptocurrency investment: market volatility, someone can manipulate the price or even dump or pump it with the blink of an eye. This can be very good and very expensive experience for us to always be thankful with what we got.

[Fishthatgirl3]

Half right. Only profitable if you know when to sell.
People get too greedy sometimes. They see the price going up they still hold, but the crypto market doesn't go like the way many holders expect. You want to sell here and there to take some profits and reduce risks. You can't hold forever.

[uszaty43]

I think that it is more than profitable if you invest on the right coins and not on shitty ones, well, it is all upto you and your investments skills, but for me, investing on the top 5 coins is the best thing to do

[luckydevil2021]

And what are you going to do? sell at a very low price?, better have them there forget about them for a while and let they be able to surprise you in a few months, remember that the value of the altcoins is linked to the value of the bitcoins and so far is stabilizing a bit and if you wait a little more and go up, you can foresee that the price of your altcoins will go up too.

[kicauklaten]

This is a speculation is wrong if in my opinion. altcoin continues to increase and order nice even development for the future. This is supported by a large number of technology also makes the higher altcoin. so, of course, invest in altcoin and hold in the long run will produce bigger and more than that can be estimated.

[PX-Z]

Its always depends on the potential of the altcoins that you have mate, it's true that the most altcoins are just good for short term investment. But there are some altcoins that has a great potential in long-term investment and also in short term, just like ethereum. We all know how reliable and profitable is ethereum since its started, and until now it's still on the top of all altcoins and always second to bitcoin.