DONT MARRY YOUR ALTCOIN BAGS

[Rowenta]

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

You can still lose money by investing in the top altcoins in this market. It all depends on the situation of the market and the price of Bitcoin. If Bitcoin goes up in the future, the price of altcoin will go up shortly afterwards, investing in altcoin is a risky investment so be careful and research carefully.

Top altcoins are more comfortable than new altcoins, if you are holding top altcoins and value drop you have nothing to worry about because they easily recovers once Bitcoin starts finding it's way to the top again

[filterMX]

The hope for being rich quickly with the alts that they hold makes them persistent in holding it. I also hold bad alts before because I was still not educated and less experience so I bought it.
But, after all of these years that have passed. I don't rely on them and it's really safer to have bitcoin.

all cryptocurrency investments follow bitcoin price movements, so to be safer we are better off investing in bitcoin than altcoin and I strongly agree as you think.

[robelneo]

I used to hodl altcoins because there are so many predictions about the price of those altcoins and they show good performance in the market, things are looking great in 2017 every coin you are holding holds a promise, until the first quarter of 2018 when all coins started to crash and I was too late in selling that, not all coins are worth HODLING, most of them will lead you to huge losses.

[ScamViruS]

In 2017 I purchased a coin. When the bull market of altcoin came, the total value of that coin was $20k +. I hold the coins at that time because I want to get rich quick. And it was one of the worst decisions of my life. That coin kept being dumped in the market and I was finally forced to sell it for $1000. I have learned from this how important it is to set targets in advance and how important it is to control one's greed. Because of my greed I have suffered a great loss. Don't love any coin, because if you love any coin more, there is a possibility of big loss.

[pixie85]

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

Not if they die before it happens.

An alt is alive as long as people hold and trade it but if the bear market lasts for a long time the coin loses a lot and starts to have no volume. At that point exchanges delist it and you can have a big bull run on Bitcoin but that shit altcoin will not go anywhere.

Hold all you want but remember that altcoins have a point of no return.

[MrMojoRising26]

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

Not if they die before it happens.

An alt is alive as long as people hold and trade it but if the bear market lasts for a long time the coin loses a lot and starts to have no volume. At that point exchanges delist it and you can have a big bull run on Bitcoin but that shit altcoin will not go anywhere.

Hold all you want but remember that altcoins have a point of no return.

so true this bear market can go another year or more nobody knows when things are going to turn around. Alts are pumping straight into resistance then sometimes making lower lows or as you said declining volume to the point it gets delisted. People are more inclined to buy new projects that haven't been through a full market cycle yet, but they all end up the same eventually except very few. Just hold your BTC till we start making higher highs and higher lows at least before you buy alts the last thing you want to do is hold a shitcoin when btc decides to go on a tear

[Jonyshake71]

Obviously we shouldn't get attracted much for altcoins cause those are dangerous. But in my opinion,  eth, ada, tron & eos those altcoins have the Sustainability & Potential enough to survive long. But Without knowing properly, marrying with shitcoins is a bad decition

[Davian144]

Obviously we shouldn't get attracted much for altcoins cause those are dangerous. But in my opinion,  eth, ada, tron & eos those altcoins have the Sustainability & Potential enough to survive long. But Without knowing properly, marrying with shitcoins is a bad decition

What you mentioned is also Altcoin, only in this case the difference is that Altcoin is good with Altcoin which is not good, so everyone really needs to do an analysis on Altcoin so that it is not wrong in choosing altcoin, it is not necessary to be interested in Altcoin.

[Vishnu.Reang]

Altcoins are most suitable for short-term and medium-term investment. You need to carefully track the coin, and then book your profit when the pump occurs. And for the typical altcoin, the median lifespan is around 12 months. So I won't recommend holding them for extended periods of time. At the most, you can keep 10% or 20% for the long-term.

[kaseygriffin]

Altcoins are most suitable for short-term and medium-term investment. You need to carefully track the coin, and then book your profit when the pump occurs. And for the typical altcoin, the median lifespan is around 12 months. So I won't recommend holding them for extended periods of time. At the most, you can keep 10% or 20% for the long-term.

Absolutely agree with you, never try to hold altcoin in the long term because it will surely die in the future. In 2018, I used to hold a lot of altcoins, but after 1 year, their prices collapsed many times and made me a lot of losses.

[Cocoincos]

why not? A lot of people saying that 2020- the year of altcoins, and some of my old holdings were raise on 100%+ so I continue to hold

[royalfestus]

I dont see a very bad bear market like we had after 2017, I see a lot of provision and development in the market that will cope with dump and stay above the existing 95% dump of the whole market. Scam had reduced so well with ICOs and more hoarding of top coins is encouraged to absorb the pressure of dump in the bear, hoarding in all coins. It is never a smart move to just hold on to a coin with taking profit, some might need to adjust their strategy in the market.

[Oasisman]

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.

That's the disadvantage when you're holding an alt, because some alts are just an instrument of pump and dump and then vanished like a bubble popped in the air right after.
We've seen similar stories in 2017 due to the unexpected bull market. Some are expecting more because greed took over, watching their portfolio growing each and single day for about a month, then suddenly fall late in January.
What the OP mentioned was true and it does actually happened during that year.

[Scotslass]

I'm not quite sure, but it seems logical to invest in some high risk altcoins because demand for crypto is higher than it was back in the days after 2017 peak.
I don't think we'll meet bear market anytime soon. If quarantine will be prolonged - more people will invest in crypto because they'll be afraid to lose value of fiat.
But If quarantine will end now completely - people will have enough funds to regularly invest in crypto again as it was before corona

[Zionatin]

I agree with you. Lol like it's not for the long term. Long term means coins you can actually spend. Many coins you can top off your payeer or skrill balance etc. But no one is gonna swap your Mr awesome tokens for USD.
Mr awesome coins are there to profit from then dump. The only altcoins you should ever keep are those that have a reason to be or are given to you as payment through other means but are listed at exchanges. Never ever hold onto a coin that you cannot spend. I love crypto but if you cannot spend something it has no value.

[TheClownSong]

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

Agree, altcoin might be more profitable if we choose the right altcoin but altcoin is also more risky than Bitcoin. I think we should not be tied to a particular altcoin because altcoin prices are more volatile and maybe some can be a long-term investment but it should be given a portion of the investment that is not too much

[Kasabus]

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

Agree, altcoin might be more profitable if we choose the right altcoin but altcoin is also more risky than Bitcoin. I think we should not be tied to a particular altcoin because altcoin prices are more volatile and maybe some can be a long-term investment but it should be given a portion of the investment that is not too much

It's good to have a bag of altcoins but make sure that you have those potential altcoins and not those who will only be undervalued at the end of the day. This sounds very risky after all. So i prefer to invest in bitcoin these days because it has more chances to make profits rather than marrying your chosen altcoins. Bitcoin may be more expensive but it will not make you any regrets in the end.

[andycarrol]

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

Agree, altcoin might be more profitable if we choose the right altcoin but altcoin is also more risky than Bitcoin. I think we should not be tied to a particular altcoin because altcoin prices are more volatile and maybe some can be a long-term investment but it should be given a portion of the investment that is not too much

altcoin is very dangerous when used as a long-term investment because altcoin price movements no one knows will go up or down, it's better to save a clear cryptocurrency asset like bitcoin for the long term is still very suitable, so stay alert when saving altcoin for long-term investment.

[bitkanu]

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

Agree, altcoin might be more profitable if we choose the right altcoin but altcoin is also more risky than Bitcoin. I think we should not be tied to a particular altcoin because altcoin prices are more volatile and maybe some can be a long-term investment but it should be given a portion of the investment that is not too much

altcoin is very dangerous when used as a long-term investment because altcoin price movements no one knows will go up or down, it's better to save a clear cryptocurrency asset like bitcoin for the long term is still very suitable, so stay alert when saving altcoin for long-term investment.

that's not true and what about those altcoins who have already placed at top 10CMC? don't they have a lot of potentials to be used as a long term investment? I wanna say if that's true for the crap coins but altcoins that have a massive partnership and the good product must be excluded.

[Davian144]

why not? A lot of people saying that 2020- the year of altcoins, and some of my old holdings were raise on 100%+ so I continue to hold

Who says that 2020 is the year of Altcoin ? Do you not see the current market conditions, and if I may Altcoin what year do you hold at the moment ? even that has gone up to 100%, because as long as I see this year not many altcoins are increasing to 100% now.