The Need to Reconsider Holding altcoins

[anjiitem]

So, before you make that decision of selling off everything that you have in wallet because the market is down and out. please reconsider before you regret your moves. you might be holding a token that worth millions in the next 2 years.

That's why I don't sell my altcoins.In the hope that at least one of them will make me rich.lol.In any case, sooner or later, but the season of altcoins will someday come.

Sometimes we don't think too much about this, and I think most people are also more focused on getting results in a short period of time because they won't think too much for the long term that isn't possible. It is possible to hold a coin in 2 years which is now of low value which will become very high but for me personally, I will not wait too long and it is uncertain what I will get so when I have benefited from the coins that I hold, I will decide to sell it.

[1714236942]

1714236942

[1714236942]

1714236942

[1714236942]

1714236942

[1714236942]

1714236942

[joseyphil82]

I don't know about the coins you mentioned but i am certain that good altcoins will worth something huge in near future, i am more into keeping 20% of my coins for long term hodl and sell the rest to maintain myself, make sure the coins you pick are all very good coins with use cases

[Stanlo]

When bullrun was around everyone thought it will keep climbing so they kept buying and now that all coins are suffering everyone thinks coins aren't going to surge again which makes people sell off as soon as they make little gains, i bet many will have a story to tell in future either good or bad, i am just going to keep keeping good altcoins with real working products and worry less about the future

[Distinctin]

When bullrun was around everyone thought it will keep climbing so they kept buying and now that all coins are suffering everyone thinks coins aren't going to surge again which makes people sell off as soon as they make little gains, i bet many will have a story to tell in future either good or bad, i am just going to keep keeping good altcoins with real working products and worry less about the future

That was so unpredictable cause during that time people are too optimistic to see the market will run for another peak but it eventually drops off causes huge losses. Ain't no wonder that people would think of negative today cause we never see any marked improvement after such a fall (last year). Thus considering altcoins for investment is absolutely at high risk.

[Vishnu.Reang]

BLOCKv is the typical example for a pump-and-dump coin. It went up by 8x in a matter if few days, and then came crashing down to the previous levels. Those who had purchased this coin at peak levels would be at approx. 90% loss now. If a coin goes up, first we need to find out the reasons for the price movement. We need to make sure that it is not due to market manipulation.

[HabiebRiziq]

The altcoin markets has been favorable to few but not all. it is presumed that the early and private investors rake out big cash on New and old altcoin projects leaving many projects at the mercy of the cryptomarkets for survived.  Although Most altcoins that has gone down below ROI to the verge of disappearing from the market are increasing daily.
One of the ideology we all know about the cryptocurrency is the knowledge of Holding back some altcoins we believed that will do well in the long run. it is an interesting thing to NOTE that these TWO Altcoins made me have a strong feeling that cryptocurrency can be a fortune if you are lucky to invest on it

BLOCKV
 https://coinmarketcap.com/currencies/blockv/

and
THORECOIN
https://coinmarketcap.com/currencies/thorecoin/

A closer look on these two altcoins will make you have a rethink about holding some altcoins, what to hold and Not to sell off everything if you have to sell. Both token raised from zero usd to a high price. even contesting with the top 100 coins on CMC. i am sure there are other altcoins that made this moves in the market but it's quite unfortunate that few people are holding such while some has sold off.

So, before you make that decision of selling off everything that you have in wallet because the market is down and out. please reconsider before you regret your moves. you might be holding a token that worth millions in the next 2 years.

2 years is a very long period of time, whereas we need living expenses every month. How do you overcome this? This is a tip from me, if you have $1000 you can divide it into several parts. For example, $300 for the long term, $ 500 for the short term, and the rest for reserve funds. By using this method, you will not have any difficulties to meet the needs of life in a month. Good luck, man!

That is a great way to continue to survive in cryptocurrency. You could say we still have $ 200 for us to use in our daily needs, but the problem is when we get a failure in trading or investing in the short term that we do, then our $ 500 money will come down and we have to think of a way to at least can restore our lost capital and meet our needs for the next.

[Savemore]

When bullrun was around everyone thought it will keep climbing so they kept buying and now that all coins are suffering everyone thinks coins aren't going to surge again which makes people sell off as soon as they make little gains, i bet many will have a story to tell in future either good or bad, i am just going to keep keeping good altcoins with real working products and worry less about the future

That was so unpredictable cause during that time people are too optimistic to see the market will run for another peak but it eventually drops off causes huge losses. Ain't no wonder that people would think of negative today cause we never see any marked improvement after such a fall (last year). Thus considering altcoins for investment is absolutely at high risk.

Altcoin investment are considering one of the investments that have high risks. Most of the altcoins are dying because of low demand that lead to few market participants. If we will make investment with altcoins, we should pick between top 20 altcoins in terms of market capitalizarion because these coins have high market participants and you can ensure that there are people who are willing to buy the altcoins.

[bitkanu]

I don't know about the coins you mentioned but i am certain that good altcoins will worth something huge in near future, i am more into keeping 20% of my coins for long term hodl and sell the rest to maintain myself, make sure the coins you pick are all very good coins with use cases

If you know nothing about that and it's better for you to get more information about that. That's another shitcoin. But again what we are talking about is just the re-consideration to invest in altcoin because it still has alot of potential consider about the chance to get the pump and dump.
The usecase doesn't mean a lot when it doesn't have a lot of users.

[omone1]

One can not truly predict the altcoin that will perform well in the future, sometimes an altcoin starts well and in the future when one must have bagged much of it, it sinks to the grave like $CET dealt badly with its investors causing most to be retk and will never recover again. I have been holing several altcoins and still praying for a better days to come.

[Triffin]

One can not truly predict the altcoin that will perform well in the future, sometimes an altcoin starts well and in the future when one must have bagged much of it, it sinks to the grave like $CET dealt badly with its investors causing most to be retk and will never recover again. I have been holing several altcoins and still praying for a better days to come.

Yes no coin at beginning and at the end will remain same forever. It use to change values some coins increase value with time and some use to decrease we only need to be patient for holding it the more we will hold so the more it will be good those who sell their coin at panic will surely regret we should only believe in worth of altcoins.

[aemma]

You have tried by setting your ideas but there is more to consider before holding any coins, yes one needs to study every coin before holding bur what happens when you hold and all of a sudden, there is token swap and you missed out? Am not saying holding isn't a good call, but the type of coins we hold matters, I hold coins like Bitcoin and ETH because they have proven to be the best. As for other coins am still checking them, because some can seem good only for it dump in price and remain dead.

[carlzec]

Tezos was a huge disappointment to me. Although not as widespread as the ethereum, it has a very similar system. Still the price in places. Even the price of ATOM has risen. But TeZos does not rise. It's hard to make money from altcoins.

[wxa7115]

When bullrun was around everyone thought it will keep climbing so they kept buying and now that all coins are suffering everyone thinks coins aren't going to surge again which makes people sell off as soon as they make little gains, i bet many will have a story to tell in future either good or bad, i am just going to keep keeping good altcoins with real working products and worry less about the future

That is what everyone should do, people keep buying coins that they know have no future just to speculate with them because what they want out of those coins is not a good product or service, what they want is to speculate with the price and obtain profits that way but that is an extremely risky strategy that has been proven to not work during the last years of this market.

What you need to do is to select coins that you know have very good and capable developers that can make their vision a reality, if you do that and you can hold those coins for long enough you will surely get profits, unfortunately very few people select this kind of strategy because it takes a lot of time to make profits.

[ntb85]

BLOCKv is the typical example for a pump-and-dump coin. It went up by 8x in a matter if few days, and then came crashing down to the previous levels. Those who had purchased this coin at peak levels would be at approx. 90% loss now. If a coin goes up, first we need to find out the reasons for the price movement. We need to make sure that it is not due to market manipulation.

I think BlockV is a really promissig one, they work on projects, recently with ben and jerry, and have a working app.
The Dev is the one built Tether. is not nothing imo.
just people take little profits by 10% instead of seeing the potential. one this one, i'll say buy the dip.

[Zionatin]

Portfolio rebalancing is one of the most important parts, you cannot hold the same altcoins forever. But investing big amounts right now, by selling alts that dropped by x10, is not the best idea at the moment and I would definitely wait.

Wait for what? If an altcoin has lost more than 90% of its value and it is not one of the top coins in the market I can assure you that such a coin is not going to ever recover, it is better to sell it now and obtain whatever you can out of it, I know that no one wants to do that because it is really difficult to admit that you have made a mistake and that such a mistake has cost you some much money but if you want to improve as a trader that is something that you will have to do.

Holding altcoins for the long term has never been a good idea, you should always be ready to get rid of them in the case something goes wrong but newbies keep ignoring this advice and they suffer the consequences of it.

I agree with some points, the need to hold altcoins lost its meaning in the bear market. If the trader decided to get rid of the specific altcoin due to the poor result, it happens because of the bear market. In case of having a another alternative based on good prediction, selling the last trade in loss is acceptable. Otherwise, jumping from one to another altcoin is timewasting in a downtrend, the consequences will be the same.

I forgot about that and you are right, selling your altcoins means that you will have to buy something else with your money if you decide to keep yourself in this market and it will be a huge mistake that after you invested in an altcoin that made you lose so much money that you once again decide to invest in an altcoin just so you could lose even more money, at this point in the market there are only two good investment options, the first one is to invest your money in bitcoin and the second is to get out of this market until you understand it better.

None of those two options seems that attractive right now and I get it but compared to investing in altcoins they are great options.

It's best to sell your altcoins when the price is right for you. Do not get too greedy but also make sure you make a good profit. If you feel the profits are good enough you can sell. If the price drops after that you can always buyback. Only keep good coins with value based on what they can be used for a long term. EVerything else just sell while the progit is in the green esspecially if you have a lot invested. With smaller investment d you can take more of a risk and hold on to them for longer.

[ntb85]

totally agree on vee undervalued a lot i hold it for a while and really confident

[awakpane]

The altcoin markets has been favorable to few but not all. it is presumed that the early and private investors rake out big cash on New and old altcoin projects leaving many projects at the mercy of the cryptomarkets for survived.  Although Most altcoins that has gone down below ROI to the verge of disappearing from the market are increasing daily.
One of the ideology we all know about the cryptocurrency is the knowledge of Holding back some altcoins we believed that will do well in the long run. it is an interesting thing to NOTE that these TWO Altcoins made me have a strong feeling that cryptocurrency can be a fortune if you are lucky to invest on it

BLOCKV
 https://coinmarketcap.com/currencies/blockv/

and
THORECOIN
https://coinmarketcap.com/currencies/thorecoin/

A closer look on these two altcoins will make you have a rethink about holding some altcoins, what to hold and Not to sell off everything if you have to sell. Both token raised from zero usd to a high price. even contesting with the top 100 coins on CMC. i am sure there are other altcoins that made this moves in the market but it's quite unfortunate that few people are holding such while some has sold off.

So, before you make that decision of selling off everything that you have in wallet because the market is down and out. please reconsider before you regret your moves. you might be holding a token that worth millions in the next 2 years.

If you say the two altcoins above are more profitable to invest, we need to try it first before drawing conclusions whether it's good or not. therefore maybe we can invest in two or one of the altcoins you mentioned.

[conkeconke]

I think the first thing we should do is to reconsider the reason why we think the need to hold any of those altcoins more than just a 'better than bitcoin standard'.
Also, an important aspect when considering holding altcoin is if that coin has a chance to grows and will be valued accordingly or not.

[johnwest]

Totally agree on your thought but people doesnt recognize the steady upward trend, they want a pump like 300-500% growth in a week or a month. People do believe that these type of growth will be there in all of cryptocurrencies which is highly impossible. There are many altcoin concepts which is sustainable and have growth in the long term when the project is implemented so holders should think of all the angles before selling everything.

[Chainsmokers]

Portfolio rebalancing is one of the most important parts, you cannot hold the same altcoins forever. But investing big amounts right now, by selling alts that dropped by x10, is not the best idea at the moment and I would definitely wait.

Wait for what? If an altcoin has lost more than 90% of its value and it is not one of the top coins in the market I can assure you that such a coin is not going to ever recover, it is better to sell it now and obtain whatever you can out of it, I know that no one wants to do that because it is really difficult to admit that you have made a mistake and that such a mistake has cost you some much money but if you want to improve as a trader that is something that you will have to do.

Holding altcoins for the long term has never been a good idea, you should always be ready to get rid of them in the case something goes wrong but newbies keep ignoring this advice and they suffer the consequences of it.

I agree with some points, the need to hold altcoins lost its meaning in the bear market. If the trader decided to get rid of the specific altcoin due to the poor result, it happens because of the bear market. In case of having a another alternative based on good prediction, selling the last trade in loss is acceptable. Otherwise, jumping from one to another altcoin is timewasting in a downtrend, the consequences will be the same.

I forgot about that and you are right, selling your altcoins means that you will have to buy something else with your money if you decide to keep yourself in this market and it will be a huge mistake that after you invested in an altcoin that made you lose so much money that you once again decide to invest in an altcoin just so you could lose even more money, at this point in the market there are only two good investment options, the first one is to invest your money in bitcoin and the second is to get out of this market until you understand it better.

None of those two options seems that attractive right now and I get it but compared to investing in altcoins they are great options.

It's best to sell your altcoins when the price is right for you. Do not get too greedy but also make sure you make a good profit. If you feel the profits are good enough you can sell. If the price drops after that you can always buyback. Only keep good coins with value based on what they can be used for a long term. EVerything else just sell while the progit is in the green esspecially if you have a lot invested. With smaller investment d you can take more of a risk and hold on to them for longer.

Every person needs a strategy in investing in cryptocurrency, it is very necessary to determine at what point we will buy coins and also sell the coins we have. Sometimes when the price of a coin that we have rises and has given us a profit, we actually choose to keep holding it because of greed to get a bigger profit but the next day when we see the price of the coin actually decreases and this is often the case here. So when you have made a profit it is better to sell it and not be too greedy.