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Author Topic: Some Risks Of Long-Term Hodling Alts  (Read 1175 times)
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July 06, 2019, 08:05:57 AM
 #121

That risky to see if the alts you had in your wallet was shitcoins, probably this could give you emotional stress. Sometime risking our coins at trading site isn't profitable, since you're holding is more vulnerable to attacks of hackers and thieves online. I don' recommend holding long terms at exchanges, it can be done through private erc20 wallets like trust wallet and other type of wallets.
Yeah shitcoins will end up nothing.And be sure that if we trade and store in exchanges  we must keep always the private key to prevent it  from hackers and to avoid losses.
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July 06, 2019, 10:35:17 AM
 #122

Yep following their news is something that you need to do after you make a choice to do long term Holding Alts.
if you worried about reason number 1 and 3 you should choose top 10 or best 3 ALT coin on coinmarketcaps.

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July 06, 2019, 10:52:30 AM
 #123

The only risk i can think of that the project can be abandoned by developers. If this happens you can lose all your investment in that altcoin.

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July 06, 2019, 01:05:52 PM
 #124

That is about trading style from each person. When you decided to Hold for long time or swing to get more profit, you must know what make it grow up, always update any news regarding that project. If you can't hold for at least a week, better if you do intraday trade. You may not concern about abandoned project, delisting, or etc.

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July 06, 2019, 01:20:16 PM
 #125

That is about trading style from each person. When you decided to Hold for long time or swing to get more profit, you must know what make it grow up, always update any news regarding that project. If you can't hold for at least a week, better if you do intraday trade. You may not concern about abandoned project, delisting, or etc.
For the current trend, we have now I don't feel to take risk of long-term holding, especially with altcoins. I'm currently holding some altcoins but it comes into regrettable when I never sell them while it still has the market value and supposedly I'm earning some profits from them. But the sad thing is that its values are really down and I don't if know there is a chance that it will wake up from sleeping.

 
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July 06, 2019, 01:34:03 PM
 #126

Nice information about risk for holding Altcoins for longterm.
Starting today I will check updates of my holding tokens on their telegram groups.

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July 06, 2019, 01:34:32 PM
 #127

And the cryptocurrency market may collapse. Any investment is a risk. Fast or long. Many did not take Bitcoin seriously in their time and regretted it. So of course you need to follow the projects. And do not forget to check the latest news.

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July 06, 2019, 01:46:56 PM
 #128

If you hold any kind of coin it doesn't mean that you already accept the loss. It is not all about prediction but is all about strategies. Make sense to all bitcoiner, we need to know when we need to hold and to stop to cut our loss but on what I am observe right now holding for a long term coin investment is advantage and not a future loss.

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July 06, 2019, 02:17:23 PM
 #129

  • 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.
Agree sir.. We should always check any social media accounts of the project for any updates... Specially if they do something important regarding the project.. Everybody dnt want to be left behind specially if we invest money... We must aware of what is happening... So better be vigilant for all the platforms that u joined in

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July 06, 2019, 04:44:50 PM
 #130

I have fallen victim of all three scenarios

I strony advice against holding shitcoins all in the name of it could moon tomorrow. Most often than not, it wouldn't moon and end up loosing every value or becoming totally dead.
Coins get delisted on exchanges and in a case where a coin gets delisted, then the holder will no longer be able to sell.

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July 06, 2019, 04:53:39 PM
 #131

Damn.. I'm disappointed to myself didn't know for this reasons on 1 or 2 years ago. All of this thing (Except for point 3) already happened to me and maybe I loss few hundred of bucks because of it
For point 1 , yes I still hold some on my ERC20 wallet because didn't has much ETH as gas for moving all of it.
For point 2 , I'm not just hold 5 or 6 ERC20 on my wallet but so much ERC20 tokens on my wallet , around 200+ and yeah , I'm already miss some my ERC20 swap and now that tokens is useless on my wallet.
For point 3 , It didn't happend because I must know where exchanges for each tokens on my wallet and I create notes of it.
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July 06, 2019, 10:12:16 PM
 #132

Long term holding of coins has profit and at the same time has demerit if one does not know the cautions to be taken into consideration while holding. A lot of people in crypto are fond of the habit of holding coins for a very long time without any consistent effort to know the progress so far about the project from their social media network. It is highly imperative to keep following the updates about the coins we are holding so as not to find ourselves loosing as a result of ignorance. Inquisitiveness to know the rate at which the coins we are holding is appreciating in value should be our priority.

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July 06, 2019, 10:48:26 PM
 #133

  • 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.

If I have the issue of project abandonment getting sorted out, the issue of swap is the most mind boggling, risky and strenuous job to do because you have to keep updated on the project. This is very bad and a solution to this should be found as soon as possible else it will be reckless to advise any newbie to buy and hold a coin outside bitcoin for long term goals
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July 07, 2019, 05:31:33 PM
 #134

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.
Well if you think about holding then keep holding as selling for panic is not good, let the price be higher and keep holding the more you hold the more you will be safe from lose, buying a coin should be done careful because chose the most profit able coin and the most promising coin, buying bitcoin is the beneficial coins, so there is no risk for holding it.

 
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Kezacky
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July 07, 2019, 05:44:44 PM
 #135

I agree with you, long-term investment is indeed a big risk but it depends on the coins you invest. if you frequently update the market, channel information about their projects, and invest in popular altcoins, chances are you won't experience big losses.

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July 07, 2019, 06:27:14 PM
 #136

In order to avoid all of these consequenses I suggest to hold only top altcoins, top 10, in this case you won't end up with dead altcoins.

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July 07, 2019, 06:31:30 PM
 #137

In order to avoid all of these consequenses I suggest to hold only top altcoins, top 10, in this case you won't end up with dead altcoins.

I support your opinion.  Since I can say 100% that there are no shitty coins among the top ones and they will definitely not die in the near future.  I advise you to invest in them.

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July 07, 2019, 06:33:33 PM
 #138

There is shitty coins in the top 10, and amazing coin in the top 800, like HST decision token Voting on the blockchain, its cost effective, results are instant and cannot be hacked or rigged.
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July 07, 2019, 06:36:39 PM
 #139

In order to avoid all of these consequenses I suggest to hold only top altcoins, top 10, in this case you won't end up with dead altcoins.

I support your opinion.  Since I can say 100% that there are no shitty coins among the top ones and they will definitely not die in the near future.  I advise you to invest in them.
Still some of the well-known coins, which are even on a good exchange like poloniex have ended up being too low or worthless. For example Burst coin, Sia, BCN those coins were very well known at a time. So there is always a risk factor, obviously.

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July 07, 2019, 07:10:13 PM
 #140

HODL investors are like maniacs who buy and store cryptocurrencies regardless of price. I am one of them. This method is the only rational approach to such a volatile market. I bought it and forgot it, until the time comes to sell and you don’t need to take coins that can disappear. Before buying, carefully analyze each coin. You should definitely sell such coins and not store them.
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