DONT MARRY YOUR ALTCOIN BAGS

[pilosopotasyo]

It's like you are going to go forever with this altcoins, it's dangerous and very risky, altcoins come and go once you are late in the ride of selling your altcoins, you will be left of dead and useless coins so better check from time to time if the altcoins you're holding still worth holding.

[Stanlo]

Don't hold coins that are under top 100 for long, they can bring huge ROI unexpectedly but always watch out for pumps and quickly take out your profits, only hold top altcoins for long, be smart

[havoc928]

It's like you are going to go forever with this altcoins, it's dangerous and very risky, altcoins come and go once you are late in the ride of selling your altcoins, you will be left of dead and useless coins so better check from time to time if the altcoins you're holding still worth holding.

True! I always set a profit target when I'm holding ALTCOINS. The profit target varies, however, it is unlikely for me to change my target. Once the profit target is hit, I'm gonna sell the coin immediately without holding for a little bit longer!

[irixo10]

This is quite true. Holding or marrying too many altcoins is very bad because only a few can always try to retain their values while on the other hand, holding new altcoins for long is a terrible idea because most times the team put their interest first. However I am of the opinion that although many altcoins are not worth holding but I think a coin Ethereum is worth the attention because recently it has shown to grow and always maintain a good price, but that doesn't rule out the fact that holding Bitcoin is the best but yet holding 1 or 2 major altcoins could also be a good idea.

[mindrust]

I'd rather say don't marry anything or anyone.  

Play solo.

If it is overvalued, just cash it out no matter what it is.

[Vaculin]

I'm sorry to inform you sir that I've married an altcoins, I'm a bag holder now and I have to be honest, it seems like I'm losing my love to them.
The early months of our married, I usually look at my altcoins bag and I'm inspired looking at it as the market is still bullish, but now, I don't look at them anymore.

[Mighty_crypt]

Give me a bag full of binance token or huobi token I will gladly get married to these coins and few other coins too   the fact is it depends on what you have on your portfolio, some coins are good for long term hold no matter how long you hold them, quality coins aren't for jokes

[Davian144]

Give me a bag full of binance token or huobi token I will gladly get married to these coins and few other coins too   the fact is it depends on what you have on your portfolio, some coins are good for long term hold no matter how long you hold them, quality coins aren't for jokes

Yes, indeed, some good Altcoins are good to hold, just holding them for too long is not necessarily good for us personally, because good Altcoins can also go down in price when we don't expect it, even if it's Altcoin from exchanges that are already very popular.

[bakasabo]

Don't hold coins that are under top 100 for long, they can bring huge ROI unexpectedly but always watch out for pumps and quickly take out your profits, only hold top altcoins for long, be smart

I've bought Waves when their price was about $3. Not their price is above $1.25. Once they were on top20, during 2019 they went down to top50, and now they are on 59 place. I think I've married Waves til death do us apart. On one hand I understand that they wont reach that price ever again. On the other holding doesnt cost anything and fixing losses now is not the best option.

[ethereumhunter]

We don't have to hold altcoin for the long term because once the altcoin price increases, we need to sell it right away before the price drops too deep. If you still hold your altcoin and not sell it, that will be a doom for you because if bitcoin price is down, your altcoin will follow to get down, and you don't have a chance to sell at the highest price. From the story, I think we need to know the right timing to sell the altcoin and convert it into bitcoin while we still have time to sell.

[joshua123]

Today is already alt season so I guess we can see some good gains on some of the tokens or coins we are seeing on the top list. Yes most of the tokens are worthless and Im also been dragged and married to some of it. We can only bet some of the tokens we hold could fly higj soon but mostly my tokens become valueless. I agree with OP, only focus on tokens/coins that have potential and drop all those tokens came from bounty and buy some good ones like ethereum, and some altcoins that are on the top 50 to 100 at least.

[tiang_tower]

Don't hold coins that are under top 100 for long, they can bring huge ROI unexpectedly but always watch out for pumps and quickly take out your profits, only hold top altcoins for long, be smart

Basically holding Altcoin too long also has a high risk, so in this case it is clear that Altcoin which is always included in the top 10 is much better than Altcoin which is under top 100, although both have risks, but Altcoin which is top 10 more recover quickly and will not die easily because there are so many devotees.

[Zazzu]

If you are holding coins like BNB, okex token, ethereum neo and other top altcoins I'd say you should keep holding because it's certain that this coins have a bright future, they are very useful and there will always be demand for these altcoins

Definitely, they are the leading altcoins in this market and it will grow with bitcoin in the future. Long-term investing in altcoins will give us a lot of profit, just need to be patient enough to buy and hold them.

[gwaposakon]

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 am in the same boat as you. Been a holder of plenty of altcoins which I still have as far as the previous bullrun. Too confident that their value would continue to increase of recover for those that went down. But it never happened and now I am holding bags of shitcoins. Really need to change strategy while I can.

[MrMojoRising26]

Seems you were bagholded the wrong altcoins.
There are good altcoins that worth to hold, worth to wait for the right time to sell and have indeed a good platforms and products. I have few altcoins in my wallet, one of them is ethereum. And I don't even regret bagholding that one. Yes, bitcoin is worth to invest but do not forget that there is still good altcoins to be hold too.

Ethereum Is an exception if you got in early, but even ETH went from 1400 to under 100 so marrying eth was still a bad idea if you bought anywhere near 1K. My main point is if you have lets say .25 btc invested in alts right now then btc goes on a tear to lets say 50k if you still held those alts your .25btc alt investment would likely be beat down to .20 or even .15. it just depends how fast bitcoin moves if its a few hundred dollars no big change. of course .25 can turn into .30 or more if your alt can outperform btc. I personally would wait fot btc all time highs to buy alts that way you have more btc to start with when all that money moves into alts then you make good gains then don't marry the bags when you feel like your the smartest investor ever and everything is up 5-10x  or whatever your target is then you sell for more btc!!! I hope that makes sense to anyone new to crypto

[JeotQ]

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

[doctor877]

Taking profit is what everyone should be doing. But the issue is that most people don't know where to take profit that's why the hold for long untill they begin to lose. Satisfaction is what will make you take profit , wait to buy back lower and ride it up and keep doing it over and over.

[HunterUnchained]

I learnt this the very hard way and I paid dearly for my mistakes. Always believed so much in altcoins and often times, was left rekt with lots of worthless tokens and losing investments in the process. Truth is, most of these altcoins are built on hype and sooner or later, most of them tend to come crashing due to the fact that, they don't truly have use cases and therefore, little to no actual demand in real life. Btc and other top currencies are the best assets to hold your investments. They are stable, have better liquidity and better demand, making them sustainable in the long term.

[mersal]

There maybe some exceptions on the altcoins but 99.9% will fall at some point when people dump their coins for profits so holding them for longer has more risk but it also can be more profitable if the coin has potential to recover.Maybe in future things will get changed but for now bitcoin rules, other just follows.

[serjent05]

OP just hit the spot. Never be a fanboy of any altcoin project.  If you see a profit, cash it out.  That is the main purpose (profit) why we invest in altcoin right?  Why baghold and end up being a whale of a worthless altcoin when you can just sell them with profit and move on to another altcoin.