Sell your altcoins and tokens TODAY, save yourself the frustration

[zetto1979]

It can get frustrating, yet I think I'll hold on to my ETH and wait for prices to go up while the crypto scene continues to change.

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[GSpgh]

Probably the worst idea to sell your cheap tokens, at first you should manage better portfolio and protect from such losses. What would you get when you sell your altcoins in 90% loss?

You would get 10% which is better than zero, isn't it?

We cannot predict the future. Maybe BTC is thriving today, but tomorrow it will fall again or tomorrow shitcoin will have a price in the sky. Investing in cryptocurrencies is always dangerous. Someone will lose, some of them will be earned. What do you think ?

Those two events (BTC thriving or falling) don't have the same probability so it's unfair to present it as some sort of equivalency. And if BTC falls then alts most likely will fall too. Stick with the leader.

[andika2018]

You know how this is going to end. You might be trying to lie to yourself, you might be secretly hoping that some token in your "portfolio" that you have 10 million of is going to moon to $50 and make you rich, but let's be real: that is not going to happen. Even the allegedly strong altcoins like LTC or ETH or whatever is cool these days (I've been out of this game for a while) are not doing well and BTC dominance is growing. Which makes sense if you think about it. BTC can do most of what any altcoin can do and the few really useful features that BTC is missing (private transactions for example) are implemented by multiple altcoins, fragmenting their market share.

And the elephant in the room: 99% of altcoins are total garbage. They're called shitcoins for a reason.

Sell your altcoins and tokens. Take the proceeds in BTC, stick it into a cold wallet, keep some online to play around with Lightning and other things that actually matter for real-life stuff, like being able to buy something. When was the last time you were able to use for example Ethereum for something tangible, not to buy some garbage tokens or to play a game?

Do it today. Your grandkids will thank you.

I agree that many altcoins can be called as shitcoin and will not provide benefits if we hold them for the long term. But from so many altcoins, I think there are some altcoins that have big transactions and have good projects and in my opinion bitcoin won't continue to dominate the cryptocurrency market

[korean1999]

You know how this is going to end. You might be trying to lie to yourself, you might be secretly hoping that some token in your "portfolio" that you have 10 million of is going to moon to $50 and make you rich, but let's be real: that is not going to happen. Even the allegedly strong altcoins like LTC or ETH or whatever is cool these days (I've been out of this game for a while) are not doing well and BTC dominance is growing. Which makes sense if you think about it. BTC can do most of what any altcoin can do and the few really useful features that BTC is missing (private transactions for example) are implemented by multiple altcoins, fragmenting their market share.

And the elephant in the room: 99% of altcoins are total garbage. They're called shitcoins for a reason.

Sell your altcoins and tokens. Take the proceeds in BTC, stick it into a cold wallet, keep some online to play around with Lightning and other things that actually matter for real-life stuff, like being able to buy something. When was the last time you were able to use for example Ethereum for something tangible, not to buy some garbage tokens or to play a game?

Do it today. Your grandkids will thank you.

  i think you are right but i always keep my mind awake and optimistic. in my way, if i will invest in some coin (some project), i will search any information about that coin (project) to know thats a good coin or a bad coin. We have many ways to confirm, evaluate a project to decide whether to invest in them or not. So there is no need to be negative

[Doranile432]

I haven't earn alot since i start investing in crypto and i know the risks involve already but i have make up my mind to be stay with altcoin investment no matter what, i belief good time will come no matter how long it will take

[pundit]

Although crypto market is Bitcoin dominant but growth of  altcoins cannot be denied. There is no surety that Bitcoin will keep on rising and all altcoins will be dumped, its baseless to say that sell all your altcoins to buy BTC. Today crypto market is not doing good but tmm it may grow like lat 2017 who knows. I am still holding my altcoins with the hope that they will grow, if they do not grow it will not worsen by current situation I will remain like this as I am not earning anything out of my portfolio and if they grow I will definitely have some good amount of money. I do not see it logical to sell my altcoins today.

[Tuareg]

I like the idea of ​​this topic. I have long known that there is only one real cryptocurrency - it's Bitcoin! Investing with long-term benefits is better only in bitcoin. Thousands of new altcoins have tricked their investors.

[biddicoin]

This thread is what I am really looking for all this time. finally, i found the same opinion as me
i sold almost all my shitcoins months ago. i dont care wether i get big loss or not, but i just make sure i wont get bigger lose in the future
there is no hope for altcoins in this time, that's why i prefer to sell my coins to avoid big lose
what if altseason will happen soon? of course i will start buying too. at least i can get lower buying price than i sold my coins

[kravas86]

If you have already filled your cryptocurrency portfolio with altcoins then you do not need to sell them in a panic We are waiting for a lot of changes ahead and most likely these changes will affect the price of many altcoins very well. Ethereum marked the update date of Istanbul on December 4, 2019. Since most tokens use the ERC-20 wallet, it is likely that this will affect many investors. So don't panic we'll be fine. And in addition, Tassat has received approval from the CFTC with cryptocurrencies for institutional investors.

[Kiefner]

It's already late. Many altcoins are now at the bottom and sell them does not make sense. We should have sold earlier. Now they are unlikely to bring any benefit.

[upyem2k]

That is a good view point. I just wonder why those tokens or coins prices keep falling even with massive developments of their platform, they still find it impossible to come back to even half of their ICO prices let alone of surpassing it.

[GSpgh]

I agree that many altcoins can be called as shitcoin and will not provide benefits if we hold them for the long term. But from so many altcoins, I think there are some altcoins that have big transactions and have good projects and in my opinion bitcoin won't continue to dominate the cryptocurrency market

The point I'm trying to make is that it's impossible to guess which altcoins are going to be the "some" that are good. And it's quite possible that none of the currently existing coins will go to the moon. There might be some new coin at some point that will repeat ETH rise for example. You simply don't know. Holding altcoin bags is like gambling. If you wouldn't go to a casino and gamble $100 at a roulette table then you shouldn't be holding $100 worth of altcoins. If you can afford to gamble $20 then maybe you can buy $20 worth of your favorite altcoin but honestly that sounds like a very boring way to gamble. I prefer a casino.

[supercanada1]

This thread is what I am really looking for all this time. finally, i found the same opinion as me
i sold almost all my shitcoins months ago. i dont care wether i get big loss or not, but i just make sure i wont get bigger lose in the future
there is no hope for altcoins in this time, that's why i prefer to sell my coins to avoid big lose
what if altseason will happen soon? of course i will start buying too. at least i can get lower buying price than i sold my coins

If you have sold your weak coins then it is good for you but I hope those did not include the top ones. Any investment other than bitcoin, ethereum, litecoin, BNB and few others do not give any benefit. Moreover, choosing the weak coins is a big mistake. You should go for the potential assets. If you will take smart decisions, then you wont have to sell out your coins ever again. Just be clever.

[Flezy]

Actually there is always come a time when I had wished I sold some of my altcoins to BTC, seriously when I held and the project turns out bad. Also, there is always a time I wish I didn't sell some of my altcoins such as ETH. From this two experiences I see it as this, the best is always BTC and even if altcoins are to be held then should be the likes of ETH. Most of the upcoming projects nowadays have nothing to offer, only few are still making waves.

[GSpgh]

If you have sold your weak coins then it is good for you but I hope those did not include the top ones. Any investment other than bitcoin, ethereum, litecoin, BNB and few others do not give any benefit. Moreover, choosing the weak coins is a big mistake. You should go for the potential assets. If you will take smart decisions, then you wont have to sell out your coins ever again. Just be clever.

Except you can't know which are weak and which are top. BNB didn't even exist a couple of years ago and it's tied to a success of one exchange, which can change in a moment. Remember Mt Gox, Cryptsy? Even Poloniex isn't doing so great. All of these use to be top exchanges at some point.

Even ETH has its problems and can flop. It's already 80% off ATH. It's not scaling well etc.

There is only one coin that's most likely to stay at the top whether the market goes up or down and that's BTC.

[VDraci]

I refuse to believe that its the end for all people who hold on to altcoins for long term, i know its profitable to buy bitcoin for short term because of its quick recovery but altcoin time will return no matter how worsen things way be

[GSpgh]

I refuse to believe that its the end for all people who hold on to altcoins for long term, i know its profitable to buy bitcoin for short term because of its quick recovery but altcoin time will return no matter how worsen things way be

I think it's the other way round, BTC wins out in the long term while some alts may or may not make gains in the short term.

There might be reasons for people to hold alts. Maybe they believe in the project and want to support it even at a loss. Maybe they need it to conduct business. But I think it's crazy to hold alts hoping for alt season that may never come and even if it comes it will not be the way most bag holders imagine it.

[NewRanger]

I refuse to believe that its the end for all people who hold on to altcoins for long term, i know its profitable to buy bitcoin for short term because of its quick recovery but altcoin time will return no matter how worsen things way be

I think it's the other way round, BTC wins out in the long term while some alts may or may not make gains in the short term.

There might be reasons for people to hold alts. Maybe they believe in the project and want to support it even at a loss. Maybe they need it to conduct business. But I think it's crazy to hold alts hoping for alt season that may never come and even if it comes it will not be the way most bag holders imagine it.

totally support project for long time will need more sacrifice,we will suffered loss for long time when developer team could not deliver product yet to inventors.for them that still have trust , it will be their Faith and prefer waiting although it could make them stress. Holding altcoin must have deadline time ,when we ha to sell it before price continuesly drop again.

[boris1044]

You know how this is going to end. You might be trying to lie to yourself, you might be secretly hoping that some token in your "portfolio" that you have 10 million of is going to moon to $50 and make you rich, but let's be real: that is not going to happen. Even the allegedly strong altcoins like LTC or ETH or whatever is cool these days (I've been out of this game for a while) are not doing well and BTC dominance is growing. Which makes sense if you think about it. BTC can do most of what any altcoin can do and the few really useful features that BTC is missing (private transactions for example) are implemented by multiple altcoins, fragmenting their market share.

And the elephant in the room: 99% of altcoins are total garbage. They're called shitcoins for a reason.

Sell your altcoins and tokens. Take the proceeds in BTC, stick it into a cold wallet, keep some online to play around with Lightning and other things that actually matter for real-life stuff, like being able to buy something. When was the last time you were able to use for example Ethereum for something tangible, not to buy some garbage tokens or to play a game?

Do it today. Your grandkids will thank you.

The first and most obvious is best explained with a simple phrase. Opportunity Cost. What is the next best option? That's what this opportunity is costing you. By weighing the opportunity cost, you get a good look at whether your money would make more money elsewhere. If it will, you're getting bigger gains by realizing a loss.
The second I'll cover here is much more complex and touches on tax strategies (USA, not familiar with taxes elsewhere). It's called Tax Gain/Loss Harvesting. You're in crypto, so you've had a rocking year. The year is closing out and your tax liability is looming. You can strategically realize some losses, which offsets your gains. This is complicated and should be discussed with a tax professional that is familiar with cryptocurrency trading, but realizing losses is a strategy that is used in the stock market as well.

[South Park]

This thread is what I am really looking for all this time. finally, i found the same opinion as me
i sold almost all my shitcoins months ago. i dont care wether i get big loss or not, but i just make sure i wont get bigger lose in the future
there is no hope for altcoins in this time, that's why i prefer to sell my coins to avoid big lose
what if altseason will happen soon? of course i will start buying too. at least i can get lower buying price than i sold my coins

You did well, while there are some investors that will criticize your attitude the truth is that even good coins can crash from time to time but at least you know those coins will recover in the future, but this is not the case with bad coins, you already took a bad decision by buying those coins do not make the mistake of holding those coins for too long, it is better to take a loss even if it significant than to wait too long and lose all your capital.