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Author Topic: I feared new altcoins might be left out  (Read 2050 times)
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January 17, 2020, 01:12:47 PM
 #121

Old or new, there is no difference for altcoins, the only difference is whether it's legit or not.
When there is a bull run, if we based on the last trend, even the shitty coin will pump and there's no need to dump everything as this market is big enough to accommodate even the scam coins because there are new comers who are greedy enough investing without ensuring they have enough understanding on crypto.  they might again think it's an easy way to make quick money.

IF it were not legit the coin could have died already. A lot of the coin we suspected to be scam since 2016 are already dead, if they'd been revived this time, its because they are up to scam again. Those were delisted and not present in any exchange right now should attract new investors today because if they can, the cycle of scam will keep going every time the market situation gets better.
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January 17, 2020, 02:02:34 PM
 #122

New altcoins with their project owners still active will not be left out. I think the altcoins season will see a surge in the price of few alts and not necessary all of them because most already lack volume and liquidity

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January 17, 2020, 02:06:12 PM
 #123

I feared new altcoins will be left out so i start selling some coins for bitcoin because it can be a big blow if altcoin fails to surge like in 2017 after bitcoin reach a new ATH, what do you think? And what would you have done in my position

If the one I am holding is being abandoned by the developer then, yes I will be selling my altcoin for Bitcoin.  But if the project developer is still active and delivering projects then I will not sell it for Bitcoin and just hold it.  Who knows, with the altcoin I am holding, I might have more profit than selling it in Bitcoin.
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January 17, 2020, 03:14:55 PM
 #124

I feared new altcoins will be left out so i start selling some coins for bitcoin because it can be a big blow if altcoin fails to surge like in 2017 after bitcoin reach a new ATH, what do you think? And what would you have done in my position

If the one I am holding is being abandoned by the developer then, yes I will be selling my altcoin for Bitcoin.  But if the project developer is still active and delivering projects then I will not sell it for Bitcoin and just hold it.  Who knows, with the altcoin I am holding, I might have more profit than selling it in Bitcoin.


   BitDane you have a point, if there is development, if the team works hard, than it would be good to continue with holding. This is
why we need to check coins and tokens we hold from time to time. I can add just one more thing, community! Every good coin have
a good community, if the team abandoned the coin or there is no community to support the coin then it's better to dump that coin
if you can, if it's not too late.
   



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January 17, 2020, 03:22:20 PM
 #125

I feared new altcoins will be left out so i start selling some coins for bitcoin because it can be a big blow if altcoin fails to surge like in 2017 after bitcoin reach a new ATH, what do you think? And what would you have done in my position

Indeed altcoins in the market are getting overcrowded. There so many altcoins to invest right now that it becomes confusing to choose a really good one. I think altcoins would have great potential this year with the development in the blockchain technology. Some will fair well and some projects may perish. So if you have invested in a really good coin, I think this year would be good for you.
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January 20, 2020, 07:20:55 PM
 #126

We have a good saying: an old friend is better than the new two. That is, I would not rely on the rapid growth of new altcoins, but it is better to wait for the restoration of the price of old ones.
People in this market get too impressed by the profits that they can get out of new coins and then they are surprised that when they try to invest in those coins they do not obtain results anywhere near their expectations, and that is because most of the time those new coins go through a pump and dump and then they never recover, so it is completely unpredictable whether a coin like that will give profits or not so you are not really investing you are just gambling with your money and that is not a good way to approach the markets.
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January 20, 2020, 07:38:12 PM
 #127

Yes, you are right! Many new coins are being created to earn some bucks! Like every P2PB2B IEO projects did not see the light, they gathered people's money and then vanished, Freelanx is the latest example! There are many projects launched last year, just have a look back again, 70-80% new coins are no more, vanished totally! So, everyone should be careful about investing in new coins!

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January 20, 2020, 07:43:09 PM
 #128

What makes much sense now, from my point of view - the value every single solution is coming with. And great strategy for choosing the solutions - getting deeper into the industries you are experienced in. For example, I am fond of attending events and I see so many frauds on ticketing market. That's why I became interested in finding real platforms that use blockchain for transparency and reliability. And you know, the most effective solution these days is GET protocol. Guys are not coming with something abstract, but fully working concept - they are already main ticketing partner of Oerrock festival, for example. Check out more on them, curious to hear your thoughts
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January 20, 2020, 07:46:32 PM
 #129

Well I still believe  some new good altcoins will make some positive move because of their use but I would rather go for existing good altcoins  to add to my portfolio,research  is always key. 

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January 20, 2020, 07:52:21 PM
 #130

I feared new altcoins will be left out so i start selling some coins for bitcoin because it can be a big blow if altcoin fails to surge like in 2017 after bitcoin reach a new ATH, what do you think? And what would you have done in my position

It would be nice if you brought a list of your "new" altcoins. Personally, I know a fairly small number of new projects that are worth anything.
Are you talking about bounty coins? If so, then you made a very good decision selling them in favor of Bitcoin.

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January 20, 2020, 07:56:53 PM
 #131

I feared new altcoins will be left out so i start selling some coins for bitcoin because it can be a big blow if altcoin fails to surge like in 2017 after bitcoin reach a new ATH, what do you think? And what would you have done in my position
If the project does not inspire confidence, then it is better to sell and buy coins from the top ten. But this is only my personal opinion, the choice to make to you.

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January 20, 2020, 08:03:28 PM
 #132

I feared new altcoins will be left out so i start selling some coins for bitcoin because it can be a big blow if altcoin fails to surge like in 2017 after bitcoin reach a new ATH, what do you think? And what would you have done in my position

It would be nice if you brought a list of your "new" altcoins. Personally, I know a fairly small number of new projects that are worth anything.
Are you talking about bounty coins? If so, then you made a very good decision selling them in favor of Bitcoin.

The purge of the shitcoins isn't yet over though so the ones that were launched recently will still undergo the process of pump and dump before it will die. It may not be today but probably after halving pumps.  If the shitcoin isn't going to be added to at least a decent market for investors to see it exist, it will eventually die just like the ones that were just on the dex.

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January 20, 2020, 08:06:04 PM
 #133

I feared new altcoins will be left out so i start selling some coins for bitcoin because it can be a big blow if altcoin fails to surge like in 2017 after bitcoin reach a new ATH, what do you think? And what would you have done in my position

Exactly.. there are more crypto currencies in the market than the 2017 and it may not be possible that all of the alts will be pumped in the bull run. Just like you i am also holding some alts which i believe that they will touch their previous ATH positions and then i will sell them for the past prices . i am strongly holding my alts

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January 20, 2020, 09:08:36 PM
 #134

I feared new altcoins will be left out so i start selling some coins for bitcoin because it can be a big blow if altcoin fails to surge like in 2017 after bitcoin reach a new ATH, what do you think? And what would you have done in my position

You have just made a right decision selling those new Altcoins if and only if you have already proven that after a long term wait, the price does not improve even a little bit because if that's the case, you must sell it as early as you can as long as the price is somehow desirable to give you even a small profit or at least bring back your capital invested to purchase it. But if you see that the new Altcoins you do have shows improvement in terms of price, then at least give it a little bit more time to rise up making it more beneficial. Just sell those whom you think are not worthy anymore after a long term hold and just buy more Bitcoin for safe and secure investment also have the potential of growing. To add up, you can also do purchase potential Altcoins in exchange for those Altcoins you have sold so that you have both Bitcoin and Altcoins all at the same time for more beneficial aspect.

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January 20, 2020, 09:31:23 PM
 #135

Good.

Most new altcoins are absolutely awful and don't deserve any attention whatsoever. If they can't succeed without raising millions of dollars in an IEO or ICO, then they shouldn't exist, pretty simple.

The vast majority of major cryptocurrencies that are around now didn't get any special funding so early on. They made it to their current start with pure fundamentals and community spirit. It's quite clear you don't need money to build a successful product if you've got something people want and are willing to contribute to for free, ergo Bitcoin!

Let the alts die, kill them if we have to!
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January 20, 2020, 10:00:11 PM
 #136

Just depending on the coin you should be very careful of what you throw out some can actually turn gold so if i were you i will check details careful then making some basic assumptions and analysis might help you out but dont just sell like that

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January 20, 2020, 10:51:25 PM
 #137

I feared new altcoins will be left out so i start selling some coins for bitcoin because it can be a big blow if altcoin fails to surge like in 2017 after bitcoin reach a new ATH, what do you think? And what would you have done in my position
It will be a good decision IMO. Moreover halving event will be held at this year and that will be a good increase for bitcoin price. Seemingly, pra halving event has been felt by its user, bitcoin price has been coming back to increase even I saw yesterday its price has touched $9000 which I think that will be a good start for this year.

But if you have a good altcoin such as ETH or BCH then I think you should thinking again to sell them all. If I were you I will sell some of them and the rest I hold it for at least bull run for bitcoin will comes. As you know, ETH price has decreased a lot if we see from its all time high, most likely if bull run comes its price will surge again and touch its ATH back.
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January 20, 2020, 11:03:09 PM
 #138

Just depending on the coin you should be very careful of what you throw out some can actually turn gold so if i were you i will check details careful then making some basic assumptions and analysis might help you out but dont just sell like that
new altcoin projects are already used to have a price of almost -99%, but you should not have to sell it, just save it, and wait until the project really works, if successful then the price will return again.
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January 21, 2020, 12:11:10 AM
 #139

Just depending on the coin you should be very careful of what you throw out some can actually turn gold so if i were you i will check details careful then making some basic assumptions and analysis might help you out but dont just sell like that
new altcoin projects are already used to have a price of almost -99%, but you should not have to sell it, just save it, and wait until the project really works, if successful then the price will return again.
Even if that was having a fully working product doesn't mean if the price of coin will be recovered instantly. I have seen so many projects have been loosing 99% from its ico price and then they have made a good product but the price still remain the same. It's a difficult thing to bring it back again. The only chance to do mass marketing
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January 21, 2020, 07:22:41 AM
 #140

Fully hoping for a new altcoin is indeed very risky. Unless this new altcoin has a product or something that makes them survive with the crypto market which is still not fully stable. In my opinion, what you do by changing altcoin to bitcoin is one good step to avoid this big risk. Unless you dare to take risks and hope everything to the new altcoin.

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