Bitcoin Forum
October 14, 2019, 09:57:15 PM *
News: Latest Bitcoin Core release: 0.18.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 3 4 5 6 7 8 »  All
  Print  
Author Topic: Some Risks Of Long-Term Hodling Alts  (Read 1173 times)
Bttzed03
Sr. Member
****
Offline Offline

Activity: 742
Merit: 304


CryptoTalk.Org - Get Paid for every Post!


View Profile
July 03, 2019, 10:21:06 AM
Merited by rosezionjohn (2)
 #1

  • 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.

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
CryptoTalk.org| 
MAKE POSTS AND EARN BTC!
🏆
1571090235
Hero Member
*
Offline Offline

Posts: 1571090235

View Profile Personal Message (Offline)

Ignore
1571090235
Reply with quote  #2

1571090235
Report to moderator
Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1571090235
Hero Member
*
Offline Offline

Posts: 1571090235

View Profile Personal Message (Offline)

Ignore
1571090235
Reply with quote  #2

1571090235
Report to moderator
1571090235
Hero Member
*
Offline Offline

Posts: 1571090235

View Profile Personal Message (Offline)

Ignore
1571090235
Reply with quote  #2

1571090235
Report to moderator
waynechong1995
Full Member
***
Offline Offline

Activity: 644
Merit: 117


swing!


View Profile WWW
July 03, 2019, 11:03:09 AM
 #2

Long term hodling doesn't mean accept your loss and let it grow like seeds, you need to still somehow keep the project status in your mind updated once in awhile, missing swaps are pure stupidity as I know people might be insensitive just because the money is not in 'fiat' mode. Somehow I ALMOST lost some of my  private keys from months ago, I kept the passphrase screenshots scattered in my pc, you might remember those tokens but don't forget the ways of accessing them too!

xysheeh03
Jr. Member
*
Offline Offline

Activity: 238
Merit: 1


View Profile
July 03, 2019, 11:08:20 AM
 #3

I agree with this statements, it is too risky on holding altcoins especially with those altcoins that might get abandoned and if you forgot to follow the updates maybe you would lose your coins because several of alts now are making swaps and some coins also get delisted on an exchange markets. So now we should think twice before making long term investments on alts.
Red-Apple
Hero Member
*****
Offline Offline

Activity: 1400
Merit: 639



View Profile
July 03, 2019, 11:08:43 AM
 #4

the biggest risk that you forgot which happens to be the most common one is the inevitable dump.
every altcoin out there is going to eventually be dumped after their pump was completed. so in long term if you continue holding that coin you will eventually face that dump and lost a significant portion of your capital investment.

bahagia93
Full Member
***
Offline Offline

Activity: 700
Merit: 102


HiveNet - Distributed Cloud Computing


View Profile
July 03, 2019, 11:19:27 AM
 #5

Good tips friend, I also implemented a strategy to always monitor the progress of the latest coin updates via telegram, long-term investment in coins is indeed mandatory for us to know the big news from these coins.

Nalbo
Full Member
***
Offline Offline

Activity: 504
Merit: 115



View Profile
July 03, 2019, 11:21:59 AM
 #6

  • 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.

You might forget your private key or wallet or the password and 2FA to the exchange you have stored the coin.
To get rid of all these problems, limit your holdings to 10 coins and keep a track of them all the time. If you want to add one more, subtract one.

Ridwan Fauzi
Full Member
***
Offline Offline

Activity: 742
Merit: 120


View Profile
July 03, 2019, 11:36:40 AM
 #7

Seems like the suggestion intended to new project or the altcoin which is new listed on the exchange. I doubt if the suggestion intended to some altcoins such as ETH, LTC or the top altcoin based on cmc. For those altcoins (ETH, LTC) it's ralely happens to face pump and dump, the price movement only depend on the speculation and some news that comes to them. Indeed, the new altcoin is very vulnerable to face pump and dump scheme, I have seen a loot on the market even its price meet increased price until 6000% just in a few days. It will be good if you hold the altcoin and its price increasing a lot then the best strategy is to sell it.

pinoy.bolanon
Member
**
Offline Offline

Activity: 350
Merit: 10

"In CryptoEnergy we trust"


View Profile
July 03, 2019, 11:43:12 AM
 #8

  • 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.

Holding tokens and coins for long has its own disadvantages, merely based on my very own experienced, ive been holding for a long period of time of some ALTS and ended up being loss at greater value because at the end of the day, it ended up being abandoned by the team itself, so i cannot do anything about it, and i learned from my experienced  that its not too good to hold some ALTS, especially when it is not really an in demand project after all.

┈┈┈┈┈ VECTORIUM ┈┈┈┈┈
In CryptoEnergy we trust
┈┈┈┈┈ MEDIUMTWITTERTELEGRAM ┈┈┈┈┈
X-ray
Hero Member
*****
Offline Offline

Activity: 1316
Merit: 502

CryptoTalk.Org - Get Paid for every Post!


View Profile
July 03, 2019, 11:44:40 AM
 #9

  • 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.
But about your second point and isn't it fair? Remember about the team or developers must give a chance for those who are not yet swapping their coin. i thought that if that can't a risk point when comes in the holding altcoin.
Only a few case that related to the point.

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.CryptoTalk.org.|.MAKE POSTS AND EARN BTC!.🏆
Bttzed03
Sr. Member
****
Offline Offline

Activity: 742
Merit: 304


CryptoTalk.Org - Get Paid for every Post!


View Profile
July 03, 2019, 12:30:50 PM
 #10

the biggest risk that you forgot which happens to be the most common one is the inevitable dump.
every altcoin out there is going to eventually be dumped after their pump was completed. so in long term if you continue holding that coin you will eventually face that dump and lost a significant portion of your capital investment.
Isn't long term holders not that concern about price? They most likely ignore price dumps.



But about your second point and isn't it fair? Remember about the team or developers must give a chance for those who are not yet swapping their coin. i thought that if that can't a risk point when comes in the holding altcoin. Only a few case that related to the point.
Dev teams always make announcements prior to the swap and set a time table for swapping. I think that's just fair. From all the swaps I've been into, there are always those who missed it. 

 

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
CryptoTalk.org| 
MAKE POSTS AND EARN BTC!
🏆
tenebriscaelum
Member
**
Offline Offline

Activity: 462
Merit: 11


View Profile
July 03, 2019, 12:42:32 PM
 #11

This is why hodling too many altcoins is a risk too as you would need to have constant update and price check just to check if your token is still valuable or if the token has already pumped. A good strategy for hodling is having only 5 to 8 altcoins max with the exception of main cryptocurrencies like BTC, ETH or XRP. This is for you to minimize any chance that you can miss an important information about the altcoins that you are hodling.
unusualfacts30
Hero Member
*****
Offline Offline

Activity: 1190
Merit: 500


View Profile
July 03, 2019, 12:56:50 PM
 #12

depends on what you're hodling. some of them can be considered more risky than others and long term hodling isn't a viable option for them but if you're hodling a decent alt that is showing continue progress I don't see a reason why someone can't hodl them for long term if they choose to but again how long term are we speaking of? 2 months? 1 year? 10 years?
GatotKaca
Sr. Member
****
Offline Offline

Activity: 826
Merit: 250

CryptoTalk.Org - Get Paid for every Post!


View Profile WWW
July 03, 2019, 02:02:59 PM
 #13

  • 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 maybe everything you say is true, but it depends on what coins are invested. because there are coins that are suitable for long-term investment, if investing in the top 10 markets will most likely not be lost or dead. before deciding to invest, make sure to analyze it first.

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
CryptoTalk.org| 
MAKE POSTS AND EARN BTC!
🏆
IvugeoEvolutionCoin
Sr. Member
****
Offline Offline

Activity: 434
Merit: 252


View Profile
July 03, 2019, 02:10:37 PM
 #14

Very cool post, I've been a victim of missing a token swap to mainnet coin and now it's worthless, about 1000$ gone for ever.  Well, that thought me a real cool lesson, so I can't make such mistakes again.  Now I turn on notifications for the coins I'm holding to avoid any loss. Also I limit my portfolio to few coins in order not to hold so many coins which I can't follow up all updates.
silver23
Member
**
Offline Offline

Activity: 574
Merit: 10

https://localcoin.is


View Profile
July 03, 2019, 02:22:44 PM
 #15

Holding altcoin, if you mean altcoin is on major like ETH or BNB that is not have a problem but altcoin under top 20 to long investment i think that is have a big risk.
The best coin for long-term Investment is BTC and ETH for meso i don't want to take a risk to hold altcoin in long time.

Iceblast
Full Member
***
Offline Offline

Activity: 639
Merit: 100


"simply getting the job done"


View Profile
July 03, 2019, 02:32:28 PM
 #16

  • 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.

You might forget your private key or wallet or the password and 2FA to the exchange you have stored the coin.
To get rid of all these problems, limit your holdings to 10 coins and keep a track of them all the time. If you want to add one more, subtract one.
Wallet security is one of the main points that must be considered. In the long term, wallet security is vulnerable to hacking, I think it's better to store and use hardware wallets

Mycro Jobs                                                                                                                                                 
| SIMPLY GETTING THE JOB DONE
⟩                                                                                                                                                       
                                                    ⟩⟩ Telegram ⟩⟩ Twitter ⟩⟩ Medium ⟩⟩ Github ⟩⟩ Instagram ⟩⟩ LinkedIn ⟩⟩ YouTube ⟩⟩ Facebook
Xclusive5
Full Member
***
Offline Offline

Activity: 672
Merit: 100



View Profile
July 03, 2019, 02:36:02 PM
 #17

Holding a coin for a very long time may end up to be a wrong decision. I have actually tried holding for long and indeed it doesn't pay off. The regret was that I should have sell those coins in the beginning of 2018. There is no point in reflecting on what has happened in the past but it will make people in crypto learn from other people's mistake. Therefore, if I plan to hold any coin for a long time then its going to be top 10 coins according to coinmarketcap.

tycsols
Member
**
Offline Offline

Activity: 434
Merit: 10

Auditchain - Decentralized Audit Ecosystem


View Profile
July 03, 2019, 02:41:27 PM
 #18

The biggest risk and disadvantage is that you will miss out on potential btc and eth runs and with experience i have learnt that staying in btc and eth remains to be the best strategy for me in the crypto investment sphere.

Stanlo
Member
**
Offline Offline

Activity: 294
Merit: 12

send and receive money instantly, with no hidden c


View Profile
July 03, 2019, 02:44:48 PM
 #19

I should have sell most of the coins I'm holding now but I refused thinking that they will grow in the future but I'm glad I'm not a relying type so I still keep hunting for more coins ,so I have better ones I never thought I would have today ,not all coins are worth holding for long term

tranduong123
Copper Member
Jr. Member
*
Offline Offline

Activity: 532
Merit: 1

[https://token-sale.fredenergy.org Supporter]


View Profile WWW
July 03, 2019, 02:57:42 PM
 #20

I only keep altcoin in the top 10, so it is safer than holding altcoin, even though the profit may not be equal, but safety is still a priority.

Pages: [1] 2 3 4 5 6 7 8 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!