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Author Topic: Some Risks Of Long-Term Hodling Alts  (Read 1173 times)
Reid
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July 04, 2019, 06:32:03 AM
 #61

Must be checked once a week. It cannot be just left there to rot for there are a lot of times they change rules or swap it to have a higher amount of tokens.

I have like 10 erc20 tokens which are all dust now. Didnt even saw what happened. Most of them reached the soft cap but yet still got bankrupt.
Another is left in an exchange which now doesnt exist anymore. They say they are just updating but it had been a year.
So those exchange are black holes too. Careful with that. Better make a wallet for it.

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July 04, 2019, 07:45:52 AM
 #62

Obviously that is true since top 20 has the most volume in the market, therefore the team had the funds and at the same time they are inspired to develop the project further, but please put in mind as well that top 20 could result to less profit compared to the riskier but undervalued assets below top 20.
you are right, it all depends on price movements in the market. if they are unable to increase trade I think it will be an investment that does not make a profit. we must be able to analyze assets that have the highest possible market movements.
Yes, an investment with no profits is likely happen when we hold a coin for a long time and in the end still the coin has less or no value at all and I believe that it is the main disadvantage of long time holding and one thing is the threat of hacking and stealing our coins from our wallet, so I think much better to buy and sell and make little profit every other day.
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July 04, 2019, 09:56:25 AM
 #63

I do not believe that long-term holding of any cryptocurrency is a reasonable solution. Even bitcoin is better to sell at its highs, and then buy back. If some altcoin at a certain time reached its maximum then it is better to sell.

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July 04, 2019, 10:33:16 AM
 #64

  • You might end up holding dead coins if the project gets abandoned
  • You might miss swaps and end up holding worthless tokens
  • Delisting of coin/token and you miss the withdraw period (in case you store coins/tokens on exchanges)

Take time to follow news/updates on the coins/tokens you invested to minimize the above listed risks. Checking up their telegram/discord/social media once or twice a month will help.

Perhaps you are misunderstanding a little about hold an investment for a long time. Long-term investment does not mean that you will not be interested in the project, long-term investment is to give information that makes yourself believe that it is a project that will thrive in a few years.
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July 04, 2019, 10:44:13 AM
 #65

I do not believe that long-term holding of any cryptocurrency is a reasonable solution. Even bitcoin is better to sell at its highs, and then buy back. If some altcoin at a certain time reached its maximum then it is better to sell.
Long term investment it is not mean you hold for a few years a head but it will be better if long term investment be accompanied by the profit which are desired. It's indeed horrible moment when a long term holder not sold their bitcoin at the peak and still hold till this time. The long term investor have to see the price movement it's because really needed and alsk they have to know the technical factors and fundamental factors for the current market. So as they have to sell when the sign price down will be coming up.

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July 04, 2019, 11:04:01 AM
 #66

No matter how vigilant you are you will once fall as a victim, all you need to do is to decipher the real projects from the fake ones and try as much to do much research on each and every sing project even when it ends and gets traded. 

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July 04, 2019, 12:00:50 PM
 #67

Base on my own observation, cryptocurrency is mainly for future investment and mostly work together with there road maps, as for a long period of time after buying, therefore, is also good to be updated very important, example: telegram group chatting.

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July 04, 2019, 03:46:09 PM
 #68

Normally, if you hold too many coins, you will surely not be able to follow them up, except you have them on apps like blockfolio. One of the problems is that, not all coins can be watched using such app, except they are listed on prominent exchanges.

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July 04, 2019, 03:53:56 PM
 #69

If long-time investments, I think you need to buy good and popular altcoin like ETH, LTC, ... Projects like you say are only suitable for short-time investment, it carries great risks.

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July 04, 2019, 04:03:21 PM
 #70

If long-time investments, I think you need to buy good and popular altcoin like ETH, LTC, ... Projects like you say are only suitable for short-time investment, it carries great risks.
even the assets you mentioned are also at risk. all crypto assets are at risk, especially for the long term. it's better to avoid assets with new projects. because even though the project is as good as anything if the market conditions are bad, it also can't make a good price. in long-term investments, of course we not only consider the project, but also the circumstances and events that occur in the future. it can make the crypto market move and not in accordance with our predictions.

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July 04, 2019, 04:25:30 PM
 #71

 Keeping tokens for a long time in your wallet is dangerous on its own. One should keep on checking the project now and then to make sure the progress and the current condition. Long term is beneficial if you just keep yourself updated regularly and not fall asleep for months on.
Alt coins that are not that much well known should be checked for updates regularly, while with the well known you are allowed to relax a bit.

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July 04, 2019, 04:28:06 PM
 #72

Absolutely true, I have been a victim of bad holding which is when bagholding goes bad, have a lot of tokens in my portfolio now that have absolutely no value, the painful is that of particular coin that swapped from wave platform to etherium and currently it is having a good value and I missed the swap and now the swapped token is trading with good value. Would have sold when I remembered it last before the swap

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July 04, 2019, 06:38:49 PM
 #73

The most funny risk rather disadvantage of holding longterm is that some coins you store at the website dashboard is that sometimes we forget the login credentials or pin code and in the worst case we can even forget about the project and coins and never claim the coins from the dashboard.

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July 04, 2019, 07:01:25 PM
 #74

  • You might end up holding dead coins if the project gets abandoned
  • You might miss swaps and end up holding worthless tokens
  • Delisting of coin/token and you miss the withdraw period (in case you store coins/tokens on exchanges)

Take time to follow news/updates on the coins/tokens you invested to minimize the above listed risks. Checking up their telegram/discord/social media once or twice a month will help.


I do agree with all your point, this is a space that is unforgiven, I have seen several projects that raised more than $20  million and are worth shit now, Sparkster, GoNetwork, Davecoin, HybridBlock to name a few. There is nothing long term in this space move with the market trend and you will be fine

 
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July 04, 2019, 08:46:48 PM
 #75

It must be realized that only several altcoins are good for a long-term holding. Most tokens can, unfortunately, crash at any time, and the holder will simply lose everything. Not to risk, work with Litecoin, Monero, Dash, Ethereum.

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July 04, 2019, 09:44:51 PM
 #76

  • You might end up holding dead coins if the project gets abandoned
This is so true. When an investor doesn't really care about the money he invested and he's very confident. He won't have that urge to know the updates of that coin.
  • You might miss swaps and end up holding worthless tokens
  • Delisting of coin/token and you miss the withdraw period (in case you store coins/tokens on exchanges)
As it becomes abandoned, expect that it will become worthless.



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July 04, 2019, 10:30:40 PM
 #77

  • You might end up holding dead coins if the project gets abandoned
  • You might miss swaps and end up holding worthless tokens
  • Delisting of coin/token and you miss the withdraw period (in case you store coins/tokens on exchanges)

Take time to follow news/updates on the coins/tokens you invested to minimize the above listed risks. Checking up their telegram/discord/social media once or twice a month will help.
risk are always risk we cannot split the difficulties into the different situation if it is comes for short term investment also we need to agree both the long term and the short term investment had definitely some kind of difficulties involved in it but we need to accept it then only we can get some profit after that.

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July 04, 2019, 10:40:20 PM
 #78

yes i am the one who experienced same thing.my most altcoin died like xcp,nbt,legend and many more.i learnt from my mistake and now only holding strong coin.
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July 04, 2019, 10:56:36 PM
 #79

We always keep fighting with all the risks of holding altcoins for a long term period. However, we also don't have any idea to sell the coin right now because it really has the low value and volume on the market. In my opinion, as long as the coin has a very promising future, real product, and great team, I don't mind to save and keep holding for long term period with those risks.

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July 04, 2019, 10:57:33 PM
 #80

  • You might end up holding dead coins if the project gets abandoned
  • You might miss swaps and end up holding worthless tokens
  • Delisting of coin/token and you miss the withdraw period (in case you store coins/tokens on exchanges)

Take time to follow news/updates on the coins/tokens you invested to minimize the above listed risks. Checking up their telegram/discord/social media once or twice a month will help.

yes, this can indeed help to be able to see the progress of the projects they launch, by always checking disputes, telegrams or on social media that we follow regarding related projects of course we can get a lot of information from them. if indeed the project has very good potential for the future, then deciding to hold the tokens we have for the long term certainly can provide many benefits in the future

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