Some Risks Of Long-Term Hodling Alts

[tracyhayley]

Long-term investor shouldn't leave their coin just like that. They should monitor their assets everyday, every weeks, or every months. Also, they must follow the new information about the coin/token that you hold. So, you won't miss any swap or anything.

[Kulitha]

I think, we can't think long term holding as easy task. We thought it is just buy some coin and see the price after one year or two. When considering with  short term trading, long term holding is hard thing according to me. For that we definitely select top coins. And also we have to be with every news as you pointed.

[Tosyn2]

An investor who wishes to invest for a long term in  crypto must look out for coins with high prospects. I  personally will prefer to make long term investment in any of the top 10 coins rather than investing in New projects whose future is not predictable thereby reducing investment risk. Nowadays new projects are for short term investment.

[jabrix]

Long-term investor shouldn't leave their coin just like that. They should monitor their assets everyday, every weeks, or every months. Also, they must follow the new information about the coin/token that you hold. So, you won't miss any swap or anything.

Of course there are risks when making long-term investment decisions, you must always be aware of the price movements of the coins that we have. As long as prices are still in predictions, of course they will continue to be maintained.
What should not be ignored is observing the price movements of bitcoin, because all coins are very dependent on the price of bitcoin. It can be concluded that bitcoin is the driver of crypto.

[Moiyah]

That is why I do not do some long term hodls for some altcoins except for ethereum. I day trade them and it works fine with me. I have tried considering some altcoins for long term investments but it doesnt worked. The price doesnt recovered and I stucked up. At the end I sold them at lose.

[Fundamentals Of]

• 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.

These things should be done by every coin holder. The problem is that there are many of us here who are holding so many altcoins that we cannot anymore do these things to each one of them. I admit that I have coins that are considered forgotten already. And because their values are almost dead, I do not mind holding them forever. It is always good to monitor the development of coins. The hard thing to do is to follow which exchange they are listed.

[bering]

Those things which OP mentioned indeed the worst scenario if we hold wrong altcoins and i have seen it plenty that people hold became so worthless because those altcoins eventually change to dead coin and cannot be sell and i personally got some experience cannot withdraw my coins before delisting because i was avoid to see their official twitter and i think after that i learn more holding altcoins not always profitable even more likely risky than hold bitcoin

[libert19]

I am victim of first one, some coins gave me massive paper profits, I kept holding it, and now they are nearly worthless.

[Loedong]

I agree with you, holding a long-term altcoin is indeed risky but we always monitor market conditions, and ensure that the coins we invest have great potential for investment, of course, can minimize the impact of these risks.

[Robotbitcoin22]

Altcoin in the top position is very suitable if indeed we are interested in making long-term investments. we certainly do not want to make mistakes in the selection of high-risk investments for the long term

[bongbong2014]

Hold long-term altcoin is only suitable for serious projects where their team works hard, completes roadmap on time and keeps regular connections with the community. Many projects tend to pump and dump if hold on these projects, so it is best to sell them not to hold them.

[coin-investor]

• 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.

of course, if you are holding a huge amount of tokens, you should follow it's development, the price, the platform and are they following everything that is in their roadmap and whitepaper, and the worst thing that can happen to you is when you have a huge amount and you found out late that it's been delisted on exchanges where you have the chance to sell it.

[GGmith]

yes of course every risk in the form of investment or cryptocurrency trading certainly exists, but we can avoid it by investing in altcoins that are already popular or many users. because this can reduce the loss of your investment.

[Vinalians]

There are so much risk in long-term holding of alt coins. But you don't really need to worry about it especially when you have done the right research to all of it. It also the way to avoid such scam coins and not getting profit into it.
I recommend to just use your money excess in holding long-term because it may really take too long to increase but I am sure it is worth it.
If the coin has not the right standard in holding alts for sure you'll just regret it in the future.

[TheClownSong]

There are so much risk in long-term holding of alt coins. But you don't really need to worry about it especially when you have done the right research to all of it. It also the way to avoid such scam coins and not getting profit into it.
I recommend to just use your money excess in holding long-term because it may really take too long to increase but I am sure it is worth it.
If the coin has not the right standard in holding alts for sure you'll just regret it in the future.

I agree, if we have done research before investing in altcoin, I think we will be more calm and rilex. But holding an altcoin for the long term is indeed risky because it all depends on the developer team, if the project success making a good product, then the price will potentially increase

[xSkylarx]

There are so much risk in long-term holding of alt coins. But you don't really need to worry about it especially when you have done the right research to all of it. It also the way to avoid such scam coins and not getting profit into it.
I recommend to just use your money excess in holding long-term because it may really take too long to increase but I am sure it is worth it.
If the coin has not the right standard in holding alts for sure you'll just regret it in the future.

I agree, if we have done research before investing in altcoin, I think we will be more calm and rilex. But holding an altcoin for the long term is indeed risky because it all depends on the developer team, if the project success making a good product, then the price will potentially increase

There will be less risk if you invest on altcoins that already exist for few years like eth.They are very active on their projects and you can monitor their social media for updates. It's difficult these days to find a new altcoin that has a great potential in the future. Even a potential altcoin can turn into scam if the main objective of the developers is to earn money.

[galestorm]

I have read an article about traders who hold altcoins. A recent poll on twitter shows that 47% of traders predominantly hold altcoins more than bitcoin, since in this current period, 2019’s altcoin season is seemingly flourishing. Though it’s not surprising that people are allocating more of their resources to trade altcoins. They have the tendency to skyrocket in price (risk-reward ratio), hence bringing huge returns to those investing in them, especially during the presence of an altcoin season. Though despite of this the risks are still huge just like what you (OP) stated.

[keziakusayang]

it is very true, and must be done so as not to suffer losses, but long-term holding has two different sides, can suffer losses and vice versa can also take large profits, it all depends on the coins we hold.

[Mikcik]

Do you mean? Shitcoin Alt, Of course, you will get that problem if holding a shitcoin. The maximum holding for shitcoin its 1-3 month more than that was not really good, shitcoin was not a good option for Long-Term investment its like gamble.

But for Top Major Alt would be no problem holding with a long term, I prefer top 100 rank altcoin by coinmarketcap.

shitcoin only suitable for short trading , its just dump and pump playing that done by whales.after they get alot of profit they will leave it and move to another shitcoin.holding altcoin actually not easy.we have to really observe on projects and find key advantages and feature on it.

In this season uptrend I have to wait for my altcoin investments to be pumped. Like KEY a few hours ago, it dropped to depth but I still patiently hold them

[globalking]

no i don't think so it depend upon coin which you have invested in if it has potential it will go up any how if you are holding a shit coin it will go down any way.