Know what token you hodl

[Palmaper]

There are endless projects in the market that, after having achieved great support in the ranking lists and in the mood of the investors, have declined to the extent of offering negative returns, or even many of them have disappeared, defrauding their investors. Of course, all those who decided to invest were fully convinced that those projects were really worthwhile and that is why they put their money into the development of the idea.

That's why it's especially hard to find success stories like Binance's, maybe it's just an exception, an island of success in the middle of an ocean of disappointments.

[Fesatmas]

My friend bought BNB at a price below $ 1, but during the ban of ICO and exchanges in China, he sold a lot, the price then was about $ 2, although he was sure that the Binance would be the top exchange.

It's a shame to sell at a low price if you currently have a big profit, but I'm sure the BNB will grow again above $ 28.

[94K]

Exactly. That's the truth. Many projects are in the system now which aren't good but hype themselves so much that if you know little about the token, you will go at a loss.

[Horas1976]

My friend bought BNB at a price below $ 1, but during the ban of ICO and exchanges in China, he sold a lot, the price then was about $ 2, although he was sure that the Binance would be the top exchange.

It's a shame to sell at a low price if you currently have a big profit, but I'm sure the BNB will grow again above $ 28.

It was one of the decisions of fear and hurry, the impact now can regret what has been done. Many people do this and that is a bad decision.

[Peruvyn]

Those that got it big in this industry are holders of solid projects but it is not that easy as it looks to be. Knowing what to hold, when to sell it off and buy again is more important and one needs more than due diligence about a project before one can get all right.

[dominos]

This is a brief overview for non believers of coin hodling

In 2017, a lot of investors bought binance token at 1$ each and then the token amassed popularity and went to 2$; a lot of incidents and it went back to 1$

In 2018, bnb went as high as 23$, a lot sold at that peak; then it went back to 5$ a lot moaned; many bought back when the token went back to 5$

Now we all know what’s happening to bnb tokens

The basic thing here is... Know what you are holding. If you are holding a good project, no matter what the ups and downs are you will always win in the long term. Holders make the most profit.

NB: This are my opinion and my idea; feel free to contribute; then dyor and trade and invest wisely

Yes, but you have to remember that the market is very dynamic so sometimes you have to catch some trends before other people to have a better ROI in a long-term period.

[Akoldi_ibk]

BNB is different, it depends on binance. So, there is nothing specific about it that can hold strong. Binance is in a good condition today, but the first mistake will collapse the BNB.

Yeah! A single mistake can collapse BNB. That is why it is advisable not to fall in love with any token or coin while hodling it, to the extent that one won't be able to pull when danger lurks around. BNB is doing good now and when things turn around, you should know what to do.

[Flezy]

In a market filled with many coins of which most have no use case, indeed one have to be careful of the coins he invest in. It is neccessry to make good research before going for any coin so as not to lose in the long run, at the same time when one invest in a good coin he will surly reap the benefits.

[Kelvinid]

In a market filled with many coins of which most have no use case, indeed one have to be careful of the coins he invest in. It is neccessry to make good research before going for any coin so as not to lose in the long run, at the same time when one invest in a good coin he will surly reap the benefits.

It is all about our choice and choosing the best coin for our investment will surely give us profits in returns. But of course, we don't just left like that even though we know that it have potential, we never to work it, handle the funds carefully and the market. Simple holding will make money also bu if we want it more, we can go into trading as well(only those who have a trading skills).

[EnormousCoin101]

Holding will surely become fruitful in the long run as long as the project development continues and the team is actively attract more users for their platform, just like Bitcoin that it takes a couple years before it gets the thousand value.

[vgk88]

I think that now is not a very good market. Therefore, it is risky to slip coins. Now there are a lot of interesting altcoins, but I think it’s hard to guess which one will be successful in the future.

[axel2078]

Thank you for this post. Most people don't even make any research they tend to follow hype or what someone says and ends up losing big time. I think the first thing is to know how this space works, then knowing what it entails to invest in any coin worth holding. Working product is very important nowadays.

[Astvile]

Bag holding any altcoins for more than a year for me is not advisable to do specially if youre just a small trader,even though your holding on to a good project theres no assurane that it will rise up in a matter of year or if it wil ever ever pump

[pixie85]

Holding will surely become fruitful in the long run as long as the project development continues and the team is actively attract more users for their platform, just like Bitcoin that it takes a couple years before it gets the thousand value.

Then why would you hold a coin that can potentially become a shitcoin in the long run? I will never understand people who buy altcoins to hold and then compare them to bitcoin because they are hoping that those altcoins will be as good to hold as BTC. Just buy bitcoin if it is a long term growth that you're hoping for!

I agree with OP that it's important to know what you're holding but even more important is not to hold for too long because many altcoins will die this year.

[galundan9]

especially the important thing is that in the analysis of a coin that will be used for investment, you must be careful not to choose it wrong, not to believe in holding coins especially with new coins whose prices are very low, because maybe those who do not believe know that the coins do not have the potential for the long term and the project team behind it is unclear in developing it.

[avonka]

You need to know which token you are holding as you are the only responsible for your investment. Traders are earning the most on a good token not the holders as they make plus profit by trading. Holders just earn when the token is increasing, but traders earn as well when it declines.

[JeffBrad12]

My friend bought BNB at a price below $ 1, but during the ban of ICO and exchanges in China, he sold a lot, the price then was about $ 2, although he was sure that the Binance would be the top exchange.

It's a shame to sell at a low price if you currently have a big profit, but I'm sure the BNB will grow again above $ 28.

It's not a shame because he was not doing something wrong because crypto is unpredictable and you can't judge him from his fault. maybe he was thinking if he'd thought that he was getting 100% profit is already enough for that. that's why he has sold his BNB coin.

[rdewilde]

Yes, very important. It is indeed the first lesson to learn before investing so that the individual don't end up buying shit coins.  Holding a good coin is very good as in the long run it will surly pay off. Example is those who bought ETH early this year, I know they will be more than happy now.

[asyakashi]

very careless if you hold an altcoin / coin without analyzing the quality.
this is like suicide, because maybe the tokens / coins don't develop even disappear and die.

[irixo10]

One of the quickest way to lossing in this space is going for hype rather than good utility. And this is what most people have done. Well, there is always a lesson to learn and that lesson is, always go for coins whose developers are actively looking for ways to serve their members better. These are the projects contributing to the growth of the crypto and as such worth our time and money.