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Author Topic: Most trusted projects ruined me !!  (Read 1711 times)
JoMarrah Iarim Dan
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June 14, 2020, 05:52:22 AM
 #61

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.

Same case here. When I stopped joining signature campaigns before year 2018 ends, I have a lot of coins in my wallet plus the coins that I am expecting to receive in my previous projects. But as the time passed by, looks like these coins are useless. Some have a very low values, while some are not listed on the exchanger. I wish I did not waste my time promoting those projects. From that learned to just join campaigns that can pay me weekly. So that I can use the payment immediately.

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Midy
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June 14, 2020, 05:58:50 AM
 #62

it's all because the tokens that we hold do not have good prospects for long-term investment, but if the tokens that we have are still attracted by some investors, of course the price will continue to increase from time to time, even though there are currently many tokens that are meaningless.

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June 14, 2020, 06:06:49 AM
 #63

Long term hodl can be dangerous at times, though is working for some people, maybe you just need to know what is working for you. We cannot totally conclude that long term hodl is meaningless because it does not work for you. Maybe you hodl for too long or you pick the wrong coin.

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June 14, 2020, 06:34:20 AM
 #64

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.

And your definition of good moment? OP said he/she invested in ICO which is always cheap price. Any project that their token price is way below ICO price isn't performing well.
True that there are lot of cryptocurrency with interesting price but interesting price isn't what's needed. You can still get screwed by project with good token price.
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June 14, 2020, 06:42:28 AM
 #65

That's right because so many tokens/coins are left to die, so most new tokens are not good for long-term savings, a good idea is to sell them and exchange them for current top coins.
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June 14, 2020, 06:51:48 AM
 #66

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.

Only coins that are in the top 10 or 15 are worth holding long term, some of the coins that was created back 2017 are worth nothing now or cannot keep up with the development of their project and they cannot keep up with the competition, investors should made sure that they always monitor the coins or tokens that they are holding.

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June 14, 2020, 07:57:06 AM
 #67

Nearly 90% of coins/tokens in the market only have a fancy website and white paper, they have no real life products to give services to people to increase the demand for them, many coins/tokens are only speculative no real value, what project team should fight towards now is develop a real usage so that the value of this coins/tokens will increase.
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June 14, 2020, 09:08:24 AM
 #68

Anything can happen if you invest or just earning tokens. There's a lot of tokens out there who has a good reputation can lose it all especially when they get listed on a market. The market is like eat or be eaten. The weak goes. So it doesn't matter if you the token has a good reputation if the market won't accept it which can lead to low volume or a dead chart.
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June 14, 2020, 09:37:32 AM
 #69

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.

This applies to the entire cryptocurrency market, whose capitalization has decreased by more than 2 times compared to 2017-2018. We see that coins such as BTC and Ethereum have also lost in their value. And if bitcoin lost about half of its value, then Ethereum lost about 80%. But this does not mean that holding coins is not profitable, it is quite possible that we will still have to wait.

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June 14, 2020, 09:39:26 AM
 #70

we just need to know when to sell and when to hold, projects in 2017 and 2018 only pump and dump after that they will have difficulty moving better. sometimes someone's greed can make big mistakes
Yes, and most people do not know when to sell and when to hold it, because it is very difficult to know, especially the newbie who has no experience in it, and greed is clearly not recommended by everyone, because it is something that not good for everyone.

I think many of them still hold because they want more profit than what they can see right now. They become greedy once they see the price of the coin that they hold can increase so high, but they don't sell it fast. They are instead waiting for another time to sell because they believe that the price will still increase so high. But the fact, that will make them disappoint because usually, after the price increase so high, the price will go down, and for the new coin, that can impact to the price and the price will go down too deep.

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June 14, 2020, 09:39:52 AM
 #71

The most trusted crypto project in crypto space is Bitcoin, don't put your trust on any altcoins, they are more risky than Bitcoin, secondly top exchange tokens are more reliable for instant like binance exchange or gate .io

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June 14, 2020, 11:20:30 AM
 #72

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.

The only trusted coins for me are Bitcoin and Ethereum all the others are still in contention for a slice in investor's trust and part of credibility in the market, you did not mention the name of the coin but since it is now out anymore it's not trusted anymore.
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June 14, 2020, 11:26:58 AM
 #73

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.

Hmm...it's true that some trusted projects have disappointed a lot.  A friend of mine hold some trusted coins worth $10,000 back then in 2017/2018.  Unfortunately because of the trust he had that those projects have good future, it later turned out otherwise.  He only realized less than $2000 when he finally sold those coins.  Not all long term holdings are bad, some of them have turned some into millionaires.
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June 14, 2020, 12:10:45 PM
 #74

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 .
There's a problem with timing of accumulating a coin, you accumulated during peak which is the timing for selling. 
If you have followed a simple principle which is to "Buy at dip and sell at peak" you might have not bought at that time and you'll wait until the market dump due to correction, it was all FOMO that time that's why the price went crazy, not only in bitcoin but most altcoins as well, in fact a lot of people make good profit on altcoins as they are the most profitable that time.

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.

Like I said, if you were able to do it at a good timing, you'll not regret because holding is still a good strategy as long as you hold a legit coins that has a great potential to succeed in the future.

We should know about this.

https://cointelegraph.com/news/btc-maximalists-are-right-that-95-of-crypto-is-a-scam-says-emin-gun-sirer

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June 14, 2020, 12:15:53 PM
 #75

Most of the investors lost money when investing in altcoin in 2017 2018. The price of altcoin continuously collapsed and fell down hundreds of times in a short time, I myself have lost a lot and luckily. Luckily I cut loss them soon

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June 14, 2020, 12:49:44 PM
 #76

Most of the investors lost money when investing in altcoin in 2017 2018. The price of altcoin continuously collapsed and fell down hundreds of times in a short time, I myself have lost a lot and luckily. Luckily I cut loss them soon

They were all victims of FOMO because they saw all the coins are pumping even those dead coins are making a huge pump, game over now for this pump and dump coin, it's now time to do your research and doesn't just believe in the hype, we have seen the collapse of ICO and it's a big lesson for all of us here.

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June 14, 2020, 01:27:50 PM
 #77

Why you invest in an ICO project in the first place, to gain profits right? Then why would you hold and waste your opportunities to gain profits by holding for a long time without any assurance of its success. You could have sold half of it, so atleast you did not loss any of your investments
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June 14, 2020, 02:12:51 PM
 #78

It cut across all coin especially after the bull run in 2016/2017. I participated in projects that are highly rated such as Aion and Pundi X, there were time that this token went up became 5x of the crowdsale price but immediately the price of bitcoin becomes bearish, all of them fell badly and up till now most of them have not even recover to make the crowdsales price not to talk about rising above that. But the sad truth is that most of the token you said you trusted must have been backed up by projects that have long being abandon making the token useless on the exchange
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June 14, 2020, 04:23:37 PM
 #79

To be honest, I'm not really a fan of holding altcoins even if it looks promising and will give a good amount of profit in the future. In the year 2017 and early 2018, yeah I can say that it really was a good year for altcoins, many projects gave high profit, but that is only possible if you sold them during those hype.Many projects tend to die after months or years in the market, it's either because it does not get a lot of attention from investors or the project itself is not a very useful to the crypto world or the project team abandoned it.

That is why I sell altcoins whenever I see a hype in its price in the market most especially after bounty distribution where it usually happen.
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June 14, 2020, 04:32:54 PM
 #80

It depends on what coins you hold, until now I still hold some tokens that I got in 2017, and the price is still good, even though it is not like in 2017. Some ICO projects that I participated in 2017 were good projects so their coins still survive today.

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