deathcode
Copper Member
Sr. Member
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Activity: 1428
Merit: 253
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June 25, 2020, 03:08:33 AM |
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I can't sure about that when so many people have been saying if they have been getting trapped at ATH. The position is also determining the result of these people who have invested in such project. It doesn't matter whether it's crap or good projects.
those who are trapped I think are people who are greedy for the money they are investing. smart investors will not buy when the price reaches very high and goaded into buying it.
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Tervelatuk
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Activity: 636
Merit: 11
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June 25, 2020, 03:41:45 AM |
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i think if our coin in long term have low price or maybe scammed us maybe its be our fault when analizing project. we have to review our capability in analizing project that will give us profits. choosing wrong portofolio happen to many people and we were not alone in this condition. make it as experience and we will take good lesson in future.
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suryana
Sr. Member
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Activity: 1218
Merit: 254
Trphy.io
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June 25, 2020, 03:47:50 AM |
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Indeed, most old coins have drastically reduced prices, but that doesn't mean they have no potential anymore, I myself have hold several tokens since 2017 and I am sure when Altcoin season arrives, the price of old coins / tokens will also increase.
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Vishnu.Reang
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June 25, 2020, 03:47:58 AM |
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What I have learnt from my 4 years association with cryptocurrency is that there is no such thing like "trusted". We had a number of "trusted" exchanges, such as Mt Gox, Cryptopia and BTC-e, and all of them went down without any warning. Personally, I have never trusted any of the new projects, but I know a few people who poured in almost all of their funds in such coins.
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MrMojoRising26
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June 25, 2020, 03:51:30 AM |
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Sucks to hear that, but at least you learned a lesson. You are not alone I'm sure most or all of us have lost money on a shitcoin at some point
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cryptoknightt
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June 25, 2020, 04:32:38 AM |
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not because of the project but indeed the market conditions that made many projects unable to survive because their token value depends on the value of BTC which at that time continued to decline after a very high increase. only big and strong projects can survive.
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milandres0207
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June 25, 2020, 04:58:02 AM |
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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.
That depends on the altcoins you hold, but if the coins are like Nem, Rdd, Dogecoin, Dgb, Eth, and more I could say there is a fair holding happening with these coins. Although, I also encountered that too from the coins I received from the bounty rewards where most of them turned into nothing now but a piece of shit, that's the reality happen in crypto space.
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basicnecromancycr
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June 25, 2020, 05:08:02 AM |
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The main problem here is actually the main problem of all crypto realm: You never know which projects should be trusted. The best thing to do trust your research and to make it possible, you need to learn how to review a project.
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rodskee
Full Member
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Activity: 2520
Merit: 204
OrangeFren.com
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June 25, 2020, 05:35:24 AM |
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not because of the project but indeed the market conditions that made many projects unable to survive because their token value depends on the value of BTC which at that time continued to decline after a very high increase. only big and strong projects can survive.
The market condition still relying with how bitcoin moves, most of those well known alts who experienced decent pumped are now experiencing declined. It's depend from how supporters and investors continue following the progress of their selected assets, coins that have strong communities are still surviving. Be aware that investing to this types of business needs to have a lots of knowledge and skills.
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Dondeon
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Activity: 118
Merit: 11
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June 25, 2020, 06:17:53 AM |
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You might have got on the wrong sides of the coins you are holding or probably your timing was wrong, to conclude that long term hodl is useless may be out of point because some hodl for long term and were smart enough to cash out at the right time. Nothing last forever, you need to understand that.
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TanakabZX
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Activity: 504
Merit: 16
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June 25, 2020, 06:25:23 AM |
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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.
Price spike in 2017 was caused by ICO hype, you got in at the wrong time, sorry to hear, ICOs aren't the most trusted projects for many, believe that, where is Bitcoin and Ethereum? At that point in 2017 I don't have the courage to buy top coins because they are at their ATH, I knew dump will happen later, your loss would have been little if you went for Bitcoin
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studio1one
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June 25, 2020, 07:16:52 AM |
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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 same thing happened to me as well during the 2017 bull run I kept holding coins because I trusted the teams too much but later they couldn't quite deliver the product. I had to sell the tokens later at a loss.
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GreenStox
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Activity: 1148
Merit: 252
Undeads.com - P2E Runner Game
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June 25, 2020, 08:53:47 AM |
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in 2017 where all coins experienced a very high increase because btc also rose. so that almost all types of coins went up, even though there was no news or further development of each of these projects. but in 2018 all of these increases turn into mass declines. and the market was very weak at the time, this was also the main reason why many projects died, even though it was only released on the market, the reason was simple because the value of their tokens followed the btc.
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giammangiato
Legendary
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Activity: 1876
Merit: 1337
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June 25, 2020, 08:59:21 AM |
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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.
We must always evaluate the characteristics of the projects, many of the ico of the end of 2017 have failed miserably, unfortunately they have been a mere speculation. But I am confident of new projects that are emerging, surely now we are all more aware of how to evaluate a project / token
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josgandosbro
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June 25, 2020, 09:28:59 AM |
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not because of the project but indeed the market conditions that made many projects unable to survive because their token value depends on the value of BTC which at that time continued to decline after a very high increase. only big and strong projects can survive.
besides that the product in the project cannot attract many people so the price is getting dump, if their product is still in high demand, the price won't dump too much
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elewton
Full Member
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Activity: 407
Merit: 100
DIA | Data infrastructure for DeFi
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June 25, 2020, 09:31:26 AM |
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in 2017 where all coins experienced a very high increase because btc also rose. so that almost all types of coins went up, even though there was no news or further development of each of these projects. but in 2018 all of these increases turn into mass declines. and the market was very weak at the time, this was also the main reason why many projects died, even though it was only released on the market, the reason was simple because the value of their tokens followed the btc.
To be fair, we can't blame BTC for other coins' dumps! The reason is that other coins should have their own plan to get rid of the effects of the market! We have to admit that BTC has a huge effects on other coins' value. However, when the crisis comes, every single coin in the market are affected. We have to question that why other coins still alive but some don't?
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doctor877
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June 25, 2020, 09:58:47 AM |
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It's about the purpose of holding. Some just fall in love with a project and just hold for long. However, if you are in for profit then you should not be greedy and be satisfied with whatever profit that comes your way over time. You can't just expect the price to keep going up and up. Taking profit when due is the secret to long term holding.
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layoutph
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June 25, 2020, 10:45:06 AM |
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Year 2016 to 2017 were the bread and butter years for crypto. That time even the most shitty altcoin are goin up because Bitcoin is running bullrun. We cannot expect the scam and legit projects of 2018 to bring something good as all altcoins are pegging their price over Bitcoin. Lets wait for the next bull run. The glory of crypto will rise soon. 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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bellaayu
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Activity: 644
Merit: 10
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June 25, 2020, 12:14:15 PM |
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I think everyone also feels the same thing. When the year 2017-2018 there are still many successful altcoins. However, Altcoin has a high price when it is newly listed in Bursa and after that, the coin price starts to drop sharply. Some of my coins are also currently very low prices, but in the year 2018 have a decent selling value. Not all altcoins if on hold for the long haul, will have a high selling value.
If you want a long-term investment that has a good future is Bitcoin and Ethereum.
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fvb
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Activity: 1470
Merit: 13
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June 25, 2020, 01:32:24 PM |
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I looked back and analyzed all the projects whose tokens I sold. At the moment, the price is much lower than when I received them. I think it’s good that I sold it. But I still keep some, because I believe in perspective.
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