DONT MARRY YOUR ALTCOIN BAGS

[LogitechMouse]

For me, altcoins are just for money flipping purposes (most of them) although I'm holding one altcoin which is ETH and the other one is BTC. I also hold some ENJ and ETN but just a small fraction of my port (around 1% to both of them maybe).

I also believe that some altcoins are good. They have good technology, the project is good and the main use of the coin is good. Its just that investors don't see it but as long as they can get profit into an altcon then they will just buy it and then sell immediately if they sees an opportunity. Even though there are some who are holding some altcoins right now, most of them are regretting because of what is happening to them right now.

[1715563001]

1715563001

[1715563001]

1715563001

[1715563001]

1715563001

[1715563001]

1715563001

[1715563001]

1715563001

[1715563001]

1715563001

[TWW]

some altcoins are good, but most of them are bad and will disappear.
so you really have to choose the right.
Most people are stuck in a dilemma when all alt rises in 2017 and always hope that moment happens in the near future.

don't expect it will happen again shortly. Current conditions seem to be difficult to expect to get altcoin to reach ATH 2017. Now many altcoins were at the time with a high increase but now they are at the bottom.

[South Park]

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 agree with the advice, since people recommend all the time to hold your bitcoin even when it begins to go down some people have the idea the same principle applies to altcoins and that is not true, altcoins are extremely risky assets that could be worth nothing in a single day, as such if the altcoin in which you invested begins to go down rapidly the best thing to do is to get out of it, now some may consider this to be a bad idea since the coin could always recover but we only have to see the history of altcoins to know that the majority never recover after a huge drop.

[reliable]

A great lesson was learned by me during 2017/2018, bag holding of lots of coin that I think are great for long term such as Npxs, and others coins,I can say that I over married those coins now the only coin I can think of holding for long term is either bitcoin or ethereum, other coins are just for either mid term hold or flipping for short term within days

Couple of things even I understood during that peak is that one should not be investing in single coins and always diversify and stay invested in various coins or the best coins. Also one should be buying on the dips and not on the highs because this is where people tend to lose major money and many do fail in such situation only.nn

[Romeotom]

I remember talking about an altcoins PRL even it was a success project and i was holding long time. This is bad luck for me because one time prl jump 3x less them profits after adding kucoin exchange but i wasn't sold. Unfortunately some month later price drop and i got big loss. Therefore hold altcoins and want quickly rich with 10x profits is bad decision.

[PerfectCircle]

You won't have much problems and losses if you do this

1. Choose popular/top altcoins
2. Diversify your money in several reliable altcoins
3. You won't have too many loses but failure might come around
4. Don't get too deep with new altcoins, they are tricksters

[Deeshawn]

The best is to flip altcoins, holding for a very long time with the aim of making too much gain can be very risky, hold alot of serve token years ago, believed too much on the coin due to the hype on bittrex and CMC, but currently the coin is very worthless and was delisted on CMC last year.

[kapalmabur]

I remember talking about an altcoins PRL even it was a success project and i was holding long time. This is bad luck for me because one time prl jump 3x less them profits after adding kucoin exchange but i wasn't sold. Unfortunately some month later price drop and i got big loss. Therefore hold altcoins and want quickly rich with 10x profits is bad decision.

PLR or PRL? do you mean the Pillar project? Because I searched for Coinmarketcap PRL not found,
what I found was PLR, the price in 2018 is amazing $ 1, and currently only $ 0.02. this is your thought?

[bayudndy]

I remember talking about an altcoins PRL even it was a success project and i was holding long time. This is bad luck for me because one time prl jump 3x less them profits after adding kucoin exchange but i wasn't sold. Unfortunately some month later price drop and i got big loss. Therefore hold altcoins and want quickly rich with 10x profits is bad decision.

PLR or PRL? do you mean the Pillar project? Because I searched for Coinmarketcap PRL not found,
what I found was PLR, the price in 2018 is amazing $ 1, and currently only $ 0.02. this is your thought?

I think that's the project that he mentioned, its price has increased when listed in kucoin, but since then the price has been going down continuously and now it's been down more than 50 times from the beginning. Hold shitcoin in the long run is always a bad choice

[Script3d]

The best is to flip altcoins, holding for a very long time with the aim of making too much gain can be very risky, hold alot of serve token years ago, believed too much on the coin due to the hype on bittrex and CMC, but currently the coin is very worthless and was delisted on CMC last year.

Holding coins for a long time is really risky but it can pay off if the coin succeed, its gonna be like finding a new bitcoin, you're gonna be rich as fuck, but its gonna turn into stone if it doesn't.

[bigcash2011]

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

Taking partial profits whenever the price grows nicely above your purchase price is a good strategy, by doing so not only you lock profits but if the market takes a downtrend from there you can buy even more coins but make sure you are applying this strategy to high quality and top coins only, it will not work on some low volume and less reputed coins.
Secondly, if you feel that you are tight at the start of long term bull season, like many people think so right now then hodl is the best strategy till the time when you think that the price is near its peak point.

[htsy585]

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

This is really a fundamental concept everyone needs to understand before investing in altcoins. Like you said, it is possible for altcoins to have a massive price surge as much as x1000 but the survivability of altcoins ain't guaranteed because not all of them usually see the end of the tunnel after a long bearish market condition so selling them for bitcoin for the longrun is the smartest thing to do always

[flagpara]

A great lesson was learned by me during 2017/2018, bag holding of lots of coin that I think are great for long term such as Npxs, and others coins,I can say that I over married those coins now the only coin I can think of holding for long term is either bitcoin or ethereum, other coins are just for either mid term hold or flipping for short term within days

Very extraordinary, you belong to a very great student, but I am a little surprised why at the time of 2017/2018 you do not directly hold Bitcoin and Ethereum, even though at that time you already hold both, then at this time there are also many advantages that you will get, because those who hold tokens or coins will always monitor the price and the development of the coins and tokens that we hold.

Our expectations should be fixed before we get our tokens. When we get this price, we should exchange top coins like Bitcoin or, in a bad situation, stable coins. Now we have the same feeling, who's passed 2017-2018 years in this forum. Unfortunately, my entry was the last 2018. Before this I didn't think that I should start work. Until the next pump I will marry my tokens.

[posporo]

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.

[numpadxx5]

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.

[IamAltcoinfan]

I do had alt which was worth couple of thousands now its value became nothing i seen some of them delisted some of them became scam . So loosing hopes on altcoins giving solution now i am concentrating top 50 altcoins which is havign high potentiality for next bull run . Even some of the coins are making 100% hike in a day . While comparing actual value of this in past still its way lesser may be 99% of this coins value lost . SO i stopped bagging altcoins.

[giammangiato]

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

You should always have more than 60% of your portfolio in BTC, 30% in stable altcoins or at least in the top 50 and then only bet a 10% in altcoins which could have an excellent profit compared to risk

[Divinespark]

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

You should always have more than 60% of your portfolio in BTC, 30% in stable altcoins or at least in the top 50 and then only bet a 10% in altcoins which could have an excellent profit compared to risk

Why use 30% for stablecoins? That amount will certainly never change and you will never get profit from stablecoins investing. It is better to use 60% for BTC and the remaining 40% to buy the top altcoions in this market to maximize profits.

[poodle63]

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

You should always have more than 60% of your portfolio in BTC, 30% in stable altcoins or at least in the top 50 and then only bet a 10% in altcoins which could have an excellent profit compared to risk

Why use 30% for stablecoins? That amount will certainly never change and you will never get profit from stablecoins investing. It is better to use 60% for BTC and the remaining 40% to buy the top altcoions in this market to maximize profits.

I guess if he was suggesting it as a reserved fund to anticipate the bullish trend that can happen anytime in the market. That's also a very important thing too. We should not put all of our money into the crypto and we must have some amounts that can be used anytime in our wallet too.

[Lantind]

Our expectations should be fixed before we get our tokens. When we get this price, we should exchange top coins like Bitcoin or, in a bad situation, stable coins. Now we have the same feeling, who's passed 2017-2018 years in this forum. Unfortunately, my entry was the last 2018. Before this I didn't think that I should start work. Until the next pump I will marry my tokens.

Yes, hope does have to be improved because it is too hopeful that there will be no results, it is better to ask for a bad market, even though in 2017 it was a good past to work as much as we could, because at that time the conditions were in good condition.