DONT MARRY YOUR ALTCOIN BAGS

[kawetsriyanto]

A few years ago, altcoins had high hopes. However, getting here is increasingly concerning. Not intending to look down on altcoins, but indeed most of the altcoins are not too worthy to keep for. It might be true as you said that don't marry altcoins, or you will get hurt more often.
Marrying altcoins (especially new altcoins) can mean that you are risking part of your life in uncertainty, get a high risk, and there is a possibility to turn off your steps. Some new altcoins have even died before they listed on an exchange. Or even they have a volume of "ZERO" when they are on the exchange. Isn't this painful?

Therefore, focusing on Bitcoin and Ethereum became my way of life in this crypto world. 

[Febo]

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

The moral of this story is that you will never be able to sell any of your alt coin at max and buy it at minimum. Ever. If you will bother about it you will just get crazy. Simply buy alt coin with a reason and then after some period of time check if that reason for those coins still stands. Do not bother with its price.

[bgaf]

I think everyone has their own story to tell. But OP you got a point on telling us never focus on such coins/tokens that might could end up nothing in the end. Altcoins can give us plenty of profit and gains once we knew which one is good to put our hard earned money.

So far the one we could trust at least is bitcoin and some altcoin in the top markets. I agree that many of you here have the same sentiment towards holding and got rekt when the market crash like hell but we must not repeat those mistakes.

[Farma]

because of this, bitcoin is always the first choice to be arrested because it has a risk that is not so big. for example, if the price of bitcoin goes down, this affects the price of altcoin whether it's a big or small dump. it's just that, I will not save all the assets that I have in bitcoin. I might put a few percents of the assets I have on top altcoin. I think, almost everyone has felt the same way.

[ProfWigSlipper]

Some established alcoins are great investments and repeatedly rise with a bigger % than BTC over the same time frame.
If BTC is my "first wife", then is Polygamy allowed? 

[Greatdev]

I believe it's greed that makes people hold on to a coin even when there is enough gains for them already, always learn to take profit because price crash is certain and not all coins will survive for long

[Saisher]

Every one of us here has lessons about altcoins they are holding, and most of these are unpleasant, I minimized holdings of these altcoins, there are no guaranties that you can make profit here compare if you are holding those top coins in the market, people are very much attracted to new coins with good potential but it will not translate easily because of the tough competition in the market.

[WalkerIVIV]

I believe it's greed that makes people hold on to a coin even when there is enough gains for them already, always learn to take profit because price crash is certain and not all coins will survive for long

The greed is also making so many people were loosing their money to the whales. It's better to any holders to take a point to sell their tokens. So many altcoin holders were holding their coin for a very long time.

[Paycoinzzz]

I understand your views on trading altcoins. It is actually quite effective for the crypto market. We all know that whales like to make waves and it won't be easy for coins to grow uncontrollably. Besides, the alts here do not behave like businesses in real life, so holding for many years will be an unwise decision. in this crypto market we should only speculate, profit, we just sell and run out. That's the way we can make the most money.

[Towerbreeze]

I've learned the hard way investing and mining altcoins, there is one thing Ive learned so far, don't always plan to hold your altcoins when they have already doubled or triple in value, take your profit or swap to stable coin, price don't always surge forever

[JHORN]

You can't keep some altcoins for long term or don't bother investing on such altcoins, if you hold exchanges tokens like BNB or top altcoins like Ethereum you have nothing to worry about because these coins have good future but still always take profit when they surge very high and buy back when they drop in price

[coin-investor]

Bitcoin = Long term holding
Altcoins = Short term trading

I'm like that only Bitcoin and Ethereum deserves to be in long term holding, you should not marry or holdl your altcoin long enough, once you realized your profit, once you realized your profit tried to sell some of it if the coin is doing good follow it if it deserves to still be part of your portfolio.

[Emilyearl]

This should state
Do not fall in love with any cryptocurrency. Learn to make a financial difference with your altcoin investment after all that's what investments are for. We multiply it to invest more if your altcoin bag isn't multiplying or adding value to your investment, look elsewhere. If you marry or fall in love your bags you will lose your investment.

[Reid]

Kind of a good rhyme. Alts went nuts.     

I do agree with your conclusion but there are also altcoins that are good for holding a long time.
I have been a supporter of a certain coin for years now and I never regret keeping it.
Yeah, there are downs but that is part of the market.
Some investors could be tired of waiting which makes them sell it but there are also keepers.
Waiting for the right moment and risking it for a better return.

[TanakabZX]

Many altcoins are bad for long term holding but you have to do the hunt for the better ones, this is example of coins worth holding for long

1. Top exchanges tokens
2. DeFi projects

The reason why I add decentralized Finance projects is because many whales and private investors have eye on DeFi projects and moreover who won't? It's decentralized Finance, that's something entirely new in crypto space

[CashbackLover]

Altcoins are too unpredictable, the least one you expect to increase in value or survive on the long run will prove you wrong and the projects you thought will grow big will be dragged in mud, better go for altcoins that are on top 20 for now

[carlisle1]

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 is a matter of knowledge and decision,if you know that the altcoin you have is just shitting and near to die then why not sold them all and find another one with good future,or else your money will gone together with this shitcoin.

The problem is good altcoins are really rare nowadays and only few survive when the market starts to fall like ashes.

Altcoins are too unpredictable, the least one you expect to increase in value or survive on the long run will prove you wrong and the projects you thought will grow big will be dragged in mud, better go for altcoins that are on top 20 for now

But if you are bagging ethereum and BNB?i think it is reasonable to wait and keep the holding?

anyway we have our own views what important is we can afford the losses in case our holding fails.

[joseyphil82]

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

[cryptoknightt]

this is the same as you choose 1 out of 100 coins that will increase 10-100x, while the others will be destroyed.
it's better to buy BTC buy then sell even if you only take a small profit, at least you are not trapped in the long Altcoin drama.
some say alt can go up very fast in a short amount of time, it is true but only 1 in 100 is like that.

[maxreish]

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.