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Author Topic: Most trusted projects ruined me !!  (Read 1633 times)
niisarearning
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June 13, 2020, 09:21:11 AM
 #1

Late 2017 and early 2018 i was holding lots of coins and tokens from the ico's in that some i really trusted with solution and team (not only me most of crypto community trusted). Now this coins or token became nothing . But some projects i entered  to sell for small margin profit these projects given profit . So holding token or coin for long term is meaningless.
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June 13, 2020, 09:27:26 AM
 #2

it caused by those coins that you have trusted it already traded in a high price caused by the hype and i guess you should not believe about the gimmick that has already offered by what you have called that as trusted project.

I have experienced the same thing like you when i was buying what i have called that as the future but it becomes nothing right now.

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June 13, 2020, 09:37:55 AM
 #3

You know you can never go wrong by taking profits I keep hearing this statement and I've come to understand the truth embedded in it. Most persons held tokens due to their trust and sentiments in the project and all these didn't end well for such investors. We should learn to take profits when we can.
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June 13, 2020, 09:45:26 AM
 #4

Can you tell the coins and tokens you hold before?

Actually your statement is true, most of altcoins is not profitable if we hold it for long-term. I can said, altcoins is good for short-term and mid-term only, it's too risky for long-term. I would suggest to choose Bitcoin if you want to hold for long-terms. Also, on 2017 is the "altcoin season" many altcoins reach ATH while on that year. This is one of reason why your coins/tokens become worthless now.

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June 13, 2020, 09:54:58 AM
 #5

Late 2017 and early 2018 i was holding lots of coins and tokens from the ico's in that some i really trusted with solution and team (not only me most of crypto community trusted). Now this coins or token became nothing . But some projects i entered  to sell for small margin profit these projects given profit . So holding token or coin for long term is meaningless.

You didn't invested at the good moment.

Now there are a lot of cryptocurrencies with an interessting price.

You also have to be more patient, waiting 2 years to say "holding token or coin for long term is meaningless" it's not being patient.
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June 13, 2020, 09:59:49 AM
 #6

Late 2017 and early 2018 i was holding lots of coins and tokens from the ico's in that some i really trusted with solution and team (not only me most of crypto community trusted). Now this coins or token became nothing . But some projects i entered  to sell for small margin profit these projects given profit . So holding token or coin for long term is meaningless.

It really depends on the coins or tokens that you are holding. However, 2017 was really a boom of crypto, lots of hype that's why most of them really skyrocketed on price and I don't know why you hold them and didn't get the profit instead.

And it looks like you have regret your decisions because this 2020, they are all useless crap that just clog your wallet and wish that one day they will get to a new all time high again. However, I don't think we will have that kind of market again because it has matured a lot and investors are not willing to invest more money as compare to 2017. Sorry to burst the bubble for you.

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June 13, 2020, 10:02:32 AM
 #7

Late 2017 and early 2018 i was holding lots of coins and tokens from the ico's in that some i really trusted with solution and team (not only me most of crypto community trusted). Now this coins or token became nothing . But some projects i entered  to sell for small margin profit these projects given profit . So holding token or coin for long term is meaningless.
I feel you mate because I been through in that kind of situation also. Thats, why I'm already learning with my mistakes, don't just speculate if you want to hold any crypto it's better to assess first preferably choose to hold those top coins/tokens in the market because they are already stable in price and value so if the market goes wrong it will not easily getting dump in price.  

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June 13, 2020, 10:06:54 AM
 #8

Holding tokens not necessary means to have a good profit in the future, however you should take the risk of holding your coins and take the possibility to earn profit or not. Se of what you hold may give you a good value in the long run, while some can not give you a good value.

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June 13, 2020, 10:11:51 AM
 #9

Late 2017 and early 2018 i was holding lots of coins and tokens from the ico's in that some i really trusted with solution and team (not only me most of crypto community trusted). Now this coins or token became nothing . But some projects i entered  to sell for small margin profit these projects given profit . So holding token or coin for long term is meaningless.
You mean holding bad coins/tokens even at long-tern bring back nothing? Well, that's obviously nothing new so maybe next time, holding long-term but for good coins/token instead?
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June 13, 2020, 10:14:49 AM
 #10

Late 2017 and early 2018 i was holding lots of coins and tokens from the ico's in that some i really trusted with solution and team (not only me most of crypto community trusted). Now this coins or token became nothing . But some projects i entered  to sell for small margin profit these projects given profit . So holding token or coin for long term is meaningless.
Depends on the project you choose. Can I know what are these projects you invested during that time? Not all altcoin in the past can survive the harsh environment of market and some let you feel some lose first before totally having some gains.

I prefer to invest on big projects only and thats one thing make me feel safe. Blue chip projects are rare and in order to spot them is you are required a capability to asses these projects head on.
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June 13, 2020, 10:20:24 AM
 #11

Can you tell the coins and tokens you hold before?

Actually your statement is true, most of altcoins is not profitable if we hold it for long-term. I can said, altcoins is good for short-term and mid-term only, it's too risky for long-term. I would suggest to choose Bitcoin if you want to hold for long-terms. Also, on 2017 is the "altcoin season" many altcoins reach ATH while on that year. This is one of reason why your coins/tokens become worthless now.
Definitely agree with this, bitcoin is very suitable for long term investment unlike with other cryptocurrencies in the market. I have also seen some thread here about the coins that they bought way back 2018 and 2019 which they did not earn any profit from it. Probably, you will now never earn any profit to the coin that you have bought on that year but you can still earn all your losses if you can now find decent projects.

And, maybe you have now already learned that never ever hold altcoin for the long term unless it was bitcoin and never buy any coin that has no potential in hitting good price in the market.
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June 13, 2020, 10:21:20 AM
 #12

Late 2017 and early 2018 i was holding lots of coins and tokens from the ico's in that some i really trusted with solution and team (not only me most of crypto community trusted). Now this coins or token became nothing . But some projects i entered  to sell for small margin profit these projects given profit . So holding token or coin for long term is meaningless.
Holding a newly born coin / token for the long term is meaningless, because we don't know whether the coin is really good or just shitcoin. But if you want to hold for the long term we better find safe by holding a coin that already has a big name.
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June 13, 2020, 10:23:11 AM
 #13

Holding tokens not necessary means to have a good profit in the future, however you should take the risk of holding your coins and take the possibility to earn profit or not. Se of what you hold may give you a good value in the long run, while some can not give you a good value.
Judging from the story revealed by the OP, he holds many tokens and coins that he produced through ICO in the past, meaning that tokens and coins at that time did have a value, although at this time many were no longer valuable, so holding tokens and coins coins in the long run are also not a guarantee for future profits.

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June 13, 2020, 10:38:33 AM
 #14

I share another opinion, so if it is a good project and the dev team is working hard hodling is very good in my opinion. An important thing is that you do not buy a project within fomo.

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June 13, 2020, 11:08:19 AM
 #15

I share another opinion, so if it is a good project and the dev team is working hard hodling is very good in my opinion. An important thing is that you do not buy a project within fomo.
2017 is a Bullish market and almost all projects did the hypes which encourage people to invest as they think that it keeps rising. But we have this unexpected drops that shaken up the entire crypto holders and brought them into big losses. I understand why people acted differently after that scenario and many don't believe crypto. But not all ain't that hopeless enough to leave crypto instead, they still believe that they could still see sunlight after darkness.

This is what we called the risk in here, crypto investment never gives assurance for its return and you are right, if we only buy and hold those promising and potential projects, definitely we can't have this bad sentiment.

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Yaunfitda
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June 13, 2020, 11:09:23 AM
 #16

Late 2017 and early 2018 i was holding lots of coins and tokens from the ico's in that some i really trusted with solution and team (not only me most of crypto community trusted).
Trust is very subject, in my opinion. Just because the team and the solution is viable doesn't mean that you have to trust and hold their coins.

Now this coins or token became nothing . But some projects i entered  to sell for small margin profit these projects given profit . So holding token or coin for long term is meaningless.
That's really too bad, and this just reflect the good and the bad image of cryptocurrency. Sometimes you got lucky and win big. But majority of holders of 2017, got rekt, you are not the first and won't be the last case to regret their decisions.

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June 13, 2020, 11:12:11 AM
 #17

Late 2017 and early 2018 i was holding lots of coins and tokens from the ico's in that some i really trusted with solution and team (not only me most of crypto community trusted). Now this coins or token became nothing . But some projects i entered  to sell for small margin profit these projects given profit . So holding token or coin for long term is meaningless.
Holding useless coins is meaningless, you chooses bad projects and now you are putting blame on all altcoins, next time make sure you choose better altcoins in the market, do strong research and diversify your money

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June 13, 2020, 11:22:18 AM
 #18

Things like this will always happen, that's why it's always good to have more than few altcoins in your wallet, you can never tell which one will survive or die on the long run

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June 13, 2020, 11:22:45 AM
 #19

If you want to hold altcoin long term, then you have to choose the best altcoin in this market. ETH, BNB, XLM .. these are the best altcoins you should buy. If you buy tokens from an ICO, I believe that 99% of those projects will die or collapse in the future
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June 13, 2020, 11:35:33 AM
 #20

Late 2017 and early 2018 i was holding lots of coins and tokens from the ico's in that some i really trusted with solution and team (not only me most of crypto community trusted). Now this coins or token became nothing . But some projects i entered  to sell for small margin profit these projects given profit . So holding token or coin for long term is meaningless.
You don't hold better coins, that fault is on you, we have many altcoins in top 20-30 on coinmarketcap that are very good for long term investment, I'm pretty sure you go for coins with low marketcap cap, the reason why one should hold a coin for long term must be because of the use case, the use case must be good enough to attract investors
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