DONT MARRY YOUR ALTCOIN BAGS

[rodskee]

Ofcourse, we shoudn't attached to much in our altcoin bags because there are scenarios in cypto when the prices go down and if you put your trust in it in a long time you might have a big loss of profit so it would be best to stay active and learn everything you can in crypto world to realize when to trade in a good time.

Strategy can be learn from time to time if you are active studying the market, in terms of holding your alts
managing the time frame for both long and short term
is really important, you have to actively monitor the progress of the project as the team brings updates according
to the road map.
Either you work with short term trading or you are willing to take the risk of waiting the long term progress to
maximize the profits.

[Aaroenz0r]

Well back in the past when I earned some alts, I think every alts were like the same line as Bitcoin but now I think of it as something that tries to be the same as Bitcoin.
In the end, I converted all those alts I earned in the past to Bitcoin and good thing that was my decision.

Isn't that the intention when we trade? We invest a fixed amount of BTC or ETH to trade to another altcoin when the altcoins' price is low. When it gets pump, we trade it back to BTC and ETH to earn the profit between the differential! That's the goal when we trading, right? Furthermore, altcoins can never replace BTC in any sense.

[KenCryptos]

There is no point holding your altcoins if you use altcoin for trading.

To be a good or successful trader, you'll need to learn good knowledge, practice your skills, acquire experiences and don't get sentimental with your coins.

[Ryushin]

Please tell this to newbies, I was once a newbie and all I ever dreamt about was having lots of altcoins in my portfolio, thinking I will easily become rich storing all those altcoins, later I realized that it's a total wrong path, use case are different and you need to pick use case that will be useful not just today but tomorrow, watch the team too, make sure they are pro

[MCobian]

There is nothing wrong with investing in altcoins and hoping to go up 10x-100x. Because there is a possibility that could happen in 2017-2018
repeated in the future. I am among those who believe that altcoins will rise, but when compared with bitcoin it is far safer investment in bitcoin.
Now it depends on each of us, what kind of decision we want to make.

[WinBIts]

I remember of a friend who gave up his studies and went all-in on AMP coin (Synereo - if you remember the project). By saying all-in, I don't mean that he invested any money on it but all his time. He worked as a programmer for them and used to earn $300 worth of AMP each month. He did this for at least 3 years, the project did well and he almost became a double millionaire when the spike occurred in markets during 2017 when BTC was $14k and reached $20k. But he kept the coins as it is, didn't sell them when I even advised him to do so and later when the crash happened, the project itself came to an end putting all his work and savings under the grave. So, you need to know when to sell as that's too an important part of trading.

Even reading this hurts so much, I am sorry for your friend.
The conclusion is very true - you don't have your profit until you've fixed your profit in btc/fiat/stablecoin etc.

[Furryball]

Having Bitcoin in your wallet is a peace of mind than keeping new altcoins, I'm hundred percent against this, apart from NEO, Tezos, Chainlink and some rare good altcoins I don't plan on taking more unnecessary risks because I want big gains, I'm more of a Bitcoin guy than altcoin

[Reatim]

altcoins are great for flipping for more btc but dont every marry a coin. When btc goes on a run past all time highs you dont want to be bagholding ALTS. You will watch them get crushed. I personally was bagholding alts from 4k-20K and they got demolished I even had friends saying man you must be doing well with those bitcoins you have In the end alts went nuts and I did well but If I would have waited till BTC topped out I would have made more. So moral of the story there is dont marry a coin/project they and watch your btc shrink get in and get out after you make decent profits. Sure sometimes you can buy an alt an maybe 10x-100x on it bagholding, but there is 1000s of coins out there that wont make those type of gains. Anyway do whats best for you but dont be that guy married to a bag watching btc head to 50-100k or whatever the top might be

I believe like Bitcoin there is always some altcoins that deserved to be Holding for long term,It is not just Marrying them but at least trusting them to bring us income in the near future.

Yeah Holding too much sometimes bring failure but it doesn't mean it will happen every time.

i have been profiting from altcoin since then so i am not supporting the totality of this thread but i respect the point as much i wanted to be respected in my stand.

[Golftech]

There is nothing wrong with investing in altcoins and hoping to go up 10x-100x. Because there is a possibility that could happen in 2017-2018
repeated in the future. I am among those who believe that altcoins will rise, but when compared with bitcoin it is far safer investment in bitcoin.
Now it depends on each of us, what kind of decision we want to make.

The decision depends from how you look forward, working with alts trading needs to have deeper engagements, there's always possibilities that the joyride happened way back will repeat itself choosing the right coin to invest and hold for long term comes from good research.

While buying alts that have good market movements can generate decent profits in a short period of time, take everything into consideration and assess every alts that you will going to place your investment.

[FireBallex]

With altcoins you can easily have more Bitcoin in your wallet, to me trading with altcoins on exchanges are more profitable than using Bitcoin to trade on exchanges, if you want to hold instead of trading then make sure you do good analysis on the altcoins, it's easier to lose money around altcoins than bitcoin

[disconnectme]

Surely we will still have projects that would give 10X, 20X and even more but the era is becoming thing of the past, some people are so blind to this truth and think we are going back to those days. Alot of projects pumping now are those that have dumped below their ICO prices and would be very difficult to regain the price. Always have exit plan

[Review Master]

With altcoins you can easily have more Bitcoin in your wallet, to me trading with altcoins on exchanges are more profitable than using Bitcoin to trade on exchanges, if you want to hold instead of trading then make sure you do good analysis on the altcoins, it's easier to lose money around altcoins than bitcoin

That's right, @FireBallex. BTC as well as ETH has much potential rather than any other altcoins except some top altcoins. But we can trade those altcoins which will have some major events like mainnet, listing on a top exchanges and other upgrades after doing our own analysis some speculations of that altcoins.  Also we should not hodl any altcoins for the long-term purposes because it can dump anything, but we can do the short-time trading according to the events.

[South Park]

Ofcourse, we shoudn't attached to much in our altcoin bags because there are scenarios in cypto when the prices go down and if you put your trust in it in a long time you might have a big loss of profit so it would be best to stay active and learn everything you can in crypto world to realize when to trade in a good time.

Investors need to also change their attitude, in the past I took the time to read ANN threads and one thing that surprised me is that there were many investors that put all their money in a single coin and then they did not follow the coin for years and then came back just to complain about the coin being basically worthless, an investor should keep track of his investments in a daily basis, that way if there are signs there is something wrong with it then you can take immediate steps and minimize your losses or take advantage of a quick pump in the price.

[shinratensei_]

Marrying altcoins is something that newbies could do until they later realize that it's not always about holding altcoins, not all altcoins are worth holding, infact many are good for short term only, I trust Bitcoin and Ethereum only

Definitely not all altcoin are worth holding, there are many new altcoin which will pump on there first launching and go dump deep and became far on their initial price. And at the end you realize that you had lost your capital.

According to your statement and what has already said by the majority of people in here were true when altcoins will be very suitable to be our short term portfolios. I personally experienced with such thing when i was holding my altcoin from a few years before and this time it worth zero value.

[Pamadar]

altcoins are great for flipping for more btc but dont every marry a coin. When btc goes on a run past all time highs you dont want to be bagholding ALTS. You will watch them get crushed. I personally was bagholding alts from 4k-20K and they got demolished I even had friends saying man you must be doing well with those bitcoins you have In the end alts went nuts and I did well but If I would have waited till BTC topped out I would have made more. So moral of the story there is dont marry a coin/project they and watch your btc shrink get in and get out after you make decent profits. Sure sometimes you can buy an alt an maybe 10x-100x on it bagholding, but there is 1000s of coins out there that wont make those type of gains. Anyway do whats best for you but dont be that guy married to a bag watching btc head to 50-100k or whatever the top might be

It has been a long since i have read thread like this because mostly People still believe that Holding altcoin will bring them profit.

But the sad reality?it is not instead they will only lose unless willing to Hold coins long time until it climbs up.

Not Like Bitcoin that can be trusted and actually has been trusted to be profitable the long you can handle the wait.


Some traders lucky to find which altcoin will be Mooning but this is very rare and cannot be happen in daily basis.

[Tervelatuk]

Investors need to also change their attitude, in the past I took the time to read ANN threads and one thing that surprised me is that there were many investors that put all their money in a single coin and then they did not follow the coin for years and then came back just to complain about the coin being basically worthless, an investor should keep track of his investments in a daily basis, that way if there are signs there is something wrong with it then you can take immediate steps and minimize your losses or take advantage of a quick pump in the price.

this is main reason why many beginner investors loss their money in cryptocurrency market.  most of them didnt read carefully whitepaper from new or existing project,as  we must know how  project will developt and realize the plan. finding newest update from developer team be an obligation , when we find something wrong we could do something to avoid big mistakes in future.

[cryptogeek101]

altcoins are great for flipping for more btc but dont every marry a coin. When btc goes on a run past all time highs you dont want to be bagholding ALTS. You will watch them get crushed. I personally was bagholding alts from 4k-20K and they got demolished I even had friends saying man you must be doing well with those bitcoins you have In the end alts went nuts and I did well but If I would have waited till BTC topped out I would have made more. So moral of the story there is dont marry a coin/project they and watch your btc shrink get in and get out after you make decent profits. Sure sometimes you can buy an alt an maybe 10x-100x on it bagholding, but there is 1000s of coins out there that wont make those type of gains. Anyway do whats best for you but dont be that guy married to a bag watching btc head to 50-100k or whatever the top might be

I don't think anyone is marrying any altcoin however sometimes you need to hold your altcoins for a future greater benefit. Most altcoins are good to keep because you regret selling them cheap. Personally I am not happy not holding my Horizen(Zen) tokens because the price has soar now past when I sold them.

[GreatArkansas]

Definitely not all altcoin are worth holding, there are many new altcoin which will pump on there first launching and go dump deep and became far on their initial price. And at the end you realize that you had lost your capital.

I don't think we can experience again what we did last bull run 2017 - 2018 where we saw how altcoins pumped and Bitcoin Dominance fall. It's also because for sure the ICO fever under Ethereum.
As time goes by, for me, we will experience less more pumps on altcoins or altcoin season as others say.
In short, OP is correct and for me, these days are not good for holding any altcoins even short term or midterm.

[btc78]

There are some altcoins that  deserved to be Marrying lol,Like Ethereum and Binance coin(BNB) ,yeah we can use them for Buy and sell because of their volatility and Good performance but for me?i don't wanna be late in train so i rather keep them in my Wallet than throwing them to cheaper price then right before selling it will Pump due to the effect of halving.

Surely we will still have projects that would give 10X, 20X and even more but the era is becoming thing of the past, some people are so blind to this truth and think we are going back to those days. Alot of projects pumping now are those that have dumped below their ICO prices and would be very difficult to regain the price. Always have exit plan

Because they are hard to detect,If you know which will x10 then why not share to us?you are saying as if this is that easy to find?

every currency have their own supporter and this is the same reason why we don't know when to Pump or dump,Just keep your coins and stays supportive.

[Nazmul012]

Actually People hold altcoins because altcoins can icrease 2x to 5x with bitcoin. But it's difficult to predict about altcoins in the long run and most of altcoins are not good for investment. Nevertheless there are some top rank altcoins (check on Coinmarketcap), have bright future & can be believed in the long run