Holding Altcoins can get you Rekt

[Ashes4Beauty]

Often times I read various posts of people/traders/investors preaching HODLing some altcoins for years and so on thus I took some to research on altcoins 3years and guess what? Most of the altcoins in 2016 are no more to found anymore. You can take a deep look as well via https://coinmarketcap.com/historical/20160103/

My candid advise is to trade with the five senses intact and not with emotions. Don't get on some shitcoins with the intention to hold for years else you might get rekt.

[Alluro]

I like to focus on top coins in the coinmarketcap. Because the top coins have a huge potential to reach the market when Bitcoin get stable. There are a lot of coins in the coinmarketcap. But you need to choose good coins with own research.

[icalical]

It's not simply because holding altcoin, the thing that makes your investment jumping down is because you just keep the coin without looking at market condition, of the coin, or even cryptocurrency and investment market in general. Obviously you can't hold any coin forever not even bitcoin, eventually when you see a good price you have to sell it.

[bitsurfer2014]

Definitely hodling altcoins nowadays will get you in a bad situation but I guess hodlers would by now have no other choice but

to hodl it until their individual altcoins current price reach their entry point price to have a break even. There is no sense selling

altcoins right now when its down 75 to 90 percent of its previous price though hodlers are still hopeful that altcoin markets will

recover soon.

[NeuroticFish]

After such a bad year for altcoins, most probably everybody could agree with OP.
Altcoins were always more volatile than Bitcoin.

But as said, isn't this the same with any investment? Keep your eyes open and make your own decisions about HOLDing or dumping...

[Mpamaegbu]

This isn't entirely true. A lot of people have become stinkingly rich hodlings altcoins. What would you say of someone who bought Binance in 2017 when it was around $0.10 (lets say 1,or those who bought ETH, Litecoin or Monero at that early stage? Of course, they are definitely profitable now. So, it's not a generalization that hodling altcoins isn't profitable. It depends what altcoins one is hodling.

[Kezacky]

therefore always update your portfolio because in the crypto market there is no guarantee to last for years except bitcoin. bitcoin has been a profitable investment so far, but over time I believe that in the end there will only be one choice of coins that will survive in the market.

[confreslamp]

It is really true, because people are losing faith in altcoins. But the market is running in cycles and sooner or later we would come to the point where altcoins will boost and the waiting would be over. Such times are just around the corner.

[Byakuga]

Often times I read various posts of people/traders/investors preaching HODLing some altcoins for years and so on thus I took some to research on altcoins 3years and guess what? Most of the altcoins in 2016 are no more to found anymore. You can take a deep look as well via https://coinmarketcap.com/historical/20160103/

My candid advise is to trade with the five senses intact and not with emotions. Don't get on some shitcoins with the intention to hold for years else you might get rekt.

That is why top rated coins and tokens are better for investment, those coins that came out at that time are mostly been built by teams that have no intention of staying around for long, they are just pump and dump projects and yet we have many projects that came out in 2016 that are still around till today

[indah rezqi]

You are right. Don't use shitcoin to hold for years. From my experience so far in the market, now is no longer the time to hold coins. Whatever type of coin you have, it's better to sell.

[magnum cyber]

You are right. Don't use shitcoin to hold for years. From my experience so far in the market, now is no longer the time to hold coins. Whatever type of coin you have, it's better to sell.

it's the same as you sell at a loss, given the unstable market situation it is better to maintain coins that still have good price developments. It is not recommended to sell cheaply unless you already have a stepping stone to replace it with a new coin that is very feasible for your next investment.

[metallica101]

Often times I read various posts of people/traders/investors preaching HODLing some altcoins for years and so on thus I took some to research on altcoins 3years and guess what? Most of the altcoins in 2016 are no more to found anymore. You can take a deep look as well via https://coinmarketcap.com/historical/20160103/

My candid advise is to trade with the five senses intact and not with emotions. Don't get on some shitcoins with the intention to hold for years else you might get rekt.

Well, of course, trends change, altcoins come and go. So far, Bitcoin and Ethereum are pretty much the only things that come even close to being a certainty. Just look at TRX. It was the main attraction in 2018, and it even started off 2019 with a bang after launching BTT. A few months later, it slipped down to being 14th/15th on the list. It probably wouldn't even survive for this long if Justin Sun wasn't such a hype builder in the first place. The same happened with others, they come and go, and the list keeps changing all the time.

[Boardmangetpaid]

My candid advise is to trade with the five senses intact and not with emotions. Don't get on some shitcoins with the intention to hold for years else you might get rekt.

It's true that most altcoins can rekt you if you are all after the market value, which most of the people are. If you're one of them, better invest on the top coins in the market that has already established a position in where they already have set everything and just need to deliver what's on their roadmap.

On the other hand, Blockchain is providing us transparency and lets people get money with them controlling what they want to give out. There are projects like this global telecom blockchain company that lets people sell their data (if they wish and earn profit from there) instead of major companies doing it secretly themselves. Blockchain is providing us transparency and lets people get money with them controlling what they want to give out. It's better for the community to learn if the coin they're holding will be of use to everyone globally, if they see that possible, then they just need to be patient until that coin explodes.

[fuer44]

altcoin is prone to disappear if it continues to lose market competition and there is no buyer interest. especially what often happens in this case is a new altcoin that appears with high optimism but is not matched by good management so it has a negative impact on the long-term future of the coin itself.

unless we choose altcoin which has survived at least in the top 10 markets, for example etherum, ripple and others. it will be safe if the long-term product because they can already be said that altcoin is ripe in the market.

[Herbert2020]

if everyone did some little research like you then the altcoin market situation wouldn't have been this terrible today. but unfortunately people tend to only want to believe what the shitcoin pumpers tell them so they continue giving their hard earned money to the pumpers.

also i want to add that you should look at the altcoin prices versus bitcoin not versus fiat like USD because that is the main price and majority of traders (including probably you yourself) are trading these altcoins with bitcoin not with anything else which means looking at their value in something else doesn't even make any sense.

[JCviggen]

every smart investor in this market understands that after some time only bitcoin and some more strong altcoins will remain on the market, but on the coins that appear and disappear there is an opportunity to make very good money

[Ken_terrance]

If you are not careful with the tokens and coins you decide to hold for long you might get rekt for real, its really very disappointing how altcoins are exiting scam and many of them are just pump and dump,these altcoins are everywhere and only very few of them will survive for a very long time, one must depend on research after research to find the hidden gems among the stones

[Distinctin]

Thanks for making your research but I still hold, this strategy will not give you success of all the coins you are holding.
Before we hold, we always do some research also but since we do not know the future of the coin we are holding, that gives us a high risk in investing.

This is based on my experience, I have hold a lot of coins and tokens since 2016 and some of them did not rise but in 2017 when there is a bull run, I benefited a lot, to make it short, I made money from the bull run. Now, after the bull run, I still hold and now the value is almost worthless, however, I still did not regret that I lose some as in overall I made a decent profit.

[Barbut]

If you are not careful with the tokens and coins you decide to hold for long you might get rekt for real, its really very disappointing how altcoins are exiting scam and many of them are just pump and dump,these altcoins are everywhere and only very few of them will survive for a very long time, one must depend on research after research to find the hidden gems among the stones

Some of the altcoins are really exit scams. On a side pump and dump coins, someone is using them to make a profit, if you get in one of those better be ready to sell them with the first rise as fast as possible if you wish to have some money in the pocket.
There are too many altcoins these days. Most of them are very bad, so people should be really careful where they invest, and more important for how long they plan to hold them.

[wedosgibas]

True, even I myself have not dared to buy and hold coins for a long time, even for famous altcoins like XLM, XRP or ETH. Especially to buy and hold coins underneath, the promise of their coins going to the moon is bullshit, I support those who say "I can't be sure of the price, price will be made based on market".