Efforts of holding wasted

[serjent05]

If we aim to hold coins for the long term, we must do very thorough research on the coin we are going to hold.  That would save us at least the high risk of losing our money.  New projects are really promising and worth investing in than the existing ones since their market is still fresh but we must know if that new project has a huge potential.  Aside from that we should really know our selling price, if it hits the target price then sell, holding it for a longer time might bring losses since the market is very unpredictable.

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[Teknisi88]

friends, you keep trash, not gold, this is the biggest mistake before saving in the long run, pay attention to the coins you store, whether they are worth keeping in the long term or not.

Your advice is very good, because the coins stored obviously need to be considered first,
because not all coins are valued as gold.
in fact most of it is junk (shitcoin).

[Ekyfitri]

That is why it is better for us to keep small amounts of good coins than to keep large amounts of junk coins, because basically investors are not interested in investing in junk coins, because the results will not be satisfactory in both short and long term investments.

Who would have guessed that currently a coin that you think is an asset that has no potential, but in the future could make a pump in any way?
How does almost everyone rate Dogecoin? in ways we can't think of, Dogecoin manages to make the pump.
it all depends on how lucky we are from speculation. the problem of the assets we choose, I think it all depends on the planning we have made.

[jostorres]

New projects are really promising and worth investing in than the existing ones since their market is still fresh but we must know if that new project has a huge potential.

In my opinion, new projects are too risky to invest with. Because, some projects which are seeming like highly promising these days might turn like anything else. So, if you're planning for long-term holding then it is always advisable to go with old and reputed coins. Old and reputed coins are at least having more than 50% of assurance for getting you decent profits in long run.

Aside from that we should really know our selling price, if it hits the target price then sell, holding it for a longer time might bring losses since the market is very unpredictable.

It seems like a valid point because I have also experienced such situation. But, I believe that is kind of reward for my greediness. When we are holding we should also have realized the actual potential of coins so that we can set target prices to book profits.

[Mpamaegbu]

if I've spent my time to gather top altcoins I would be in happy mood right now

It's not enough to hodl top altcoins of today because they can be relegated to the background tomorrow. Coins like Bytebal and BCC (Bitconnectcoin) were among the top alts in 2017 but they're no were to be found today on the top list. One important thing to do while trying to hodl is to identify tokens with use-case if you want to keep them for long term. Otherwise, buying trending tokens of today for the heck of it may result in loss in future where such tokens are delisted from exchange or turn shitcoins and worthless. For instance, at a point Walton (WTC) went down abysmally after hitting ATH in 2018 but it's coming up back strong now. If it weren't a utility token, it would've vanished into thin air like other worthless tokens. So, OP, it isn't enough just hodling. Make sure you're hodling tangible and feasible tokens so as to avoid bag hodling shitcoins.

[SeaSoul]

if I've spent my time to gather top altcoins I would be in happy mood right now

It's not enough to hodl top altcoins of today because they can be relegated to the background tomorrow. Coins like Bytebal and BCC (Bitconnectcoin) were among the top alts in 2017 but they're no were to be found today on the top list. One important thing to do while trying to hodl is to identify tokens with use-case if you want to keep them for long term. Otherwise, buying trending tokens of today for the heck of it may result in loss in future where such tokens are delisted from exchange or turn shitcoins and worthless. For instance, at a point Walton (WTC) went down abysmally after hitting ATH in 2018 but it's coming up back strong now. If it weren't a utility token, it would've vanished into thin air like other worthless tokens. So, OP, it isn't enough just hodling. Make sure you're hodling tangible and feasible tokens so as to avoid bag hodling shitcoins.

You can't mention Bitconnect in your list for this matter. Bitconnect was a serious Ponzi scheme that was abused or even developed to scam people with a network marketing level type. Youtubers were promoting it everywhere and many clueless enthusiasts fell for it sadly.

Bitconnect is one of those examples that throw a bad shade on cryptocurrencies. It's said but there also enough good projects that could make up for it thankfully.

Byteball, well that's a difficult one. There was most likely no breath left in the community. It felt like it was around forever. Others are too, right, but yes not every single project survives. That's why we call those who are older than 3 or 4 years the dinosaurs of crypto. 

If you look at many of the top coins, of course Bitcoin and Litecoin but also Dash and some others have a long history and those who held them tight do know very well today that it was worth the effort.

[Mpamaegbu]

You can't mention Bitconnect in your list for this matter.

Why shouldn't I mention it. You want to undo history? Bitconnect was listed and traded for a while and as such I don't see why you want to obliterate that fact. That it ended up a scam doesn't mean a lot of people didn't profit from trading it. I did. It was one of the foremost lending coins I acquired during that era.

[Cornia]

It is not advisable to hold any coin long term except some top altcoin. In case of holding the token, it will not be right to hold for more than 6 months. Because most tokens lose value after a long time.
It is not known long ago when a coin will be pumped. Like BNB and Dogecoin, there was no way to understand their hype from a year ago. So if you hold a coin for long term, you must hold top coin.

[SeaSoul]

You can't mention Bitconnect in your list for this matter.

Why shouldn't I mention it. You want to undo history? Bitconnect was listed and traded for a while and as such I don't see why you want to obliterate that fact. That it ended up a scam doesn't mean a lot of people didn't profit from trading it. I did. It was one of the foremost lending coins I acquired during that era.

if I've spent my time to gather top altcoins I would be in happy mood right now

It's not enough to hodl top altcoins of today because they can be relegated to the background tomorrow. Coins like Bytebal and BCC (Bitconnectcoin) were among the top alts in 2017 but they're no were to be found today on the top list. One important thing to do while trying to hodl is to identify tokens with use-case if you want to keep them for long term. Otherwise, buying trending tokens of today for the heck of it may result in loss in future where such tokens are delisted from exchange or turn shitcoins and worthless. For instance, at a point Walton (WTC) went down abysmally after hitting ATH in 2018 but it's coming up back strong now. If it weren't a utility token, it would've vanished into thin air like other worthless tokens. So, OP, it isn't enough just hodling. Make sure you're hodling tangible and feasible tokens so as to avoid bag hodling shitcoins.

You deem Bitconnect a top alt coin? What's wrong with you dude? People got wrecked! Like, really wrecked on purpose! We are not talking about Bitcoin volatility, we are talking about a Pozi scam! If that is your definition of a top alt coin, it is dangerous if you keep spreading your opinion. Maybe others follow your path and try to find the next Bitconnect.

Who is trying to undo history? I just tried to make no wrong impression circulates in this forum about the quality of your "top" alt coin Bitconnect. Good luck with your next Bitconnect.

[Atang Sulaeman]

efforts to hold in vain are indeed like what I do, with the intention of wanting to have a large value instead all the coins fall into waste, and for learning, let's not hold onto altcoins for too long which we think will not be profitable in the future, just the best advice is to save it. BITCOIN as much as we can.

[CapGelatik]

efforts to hold in vain are indeed like what I do, with the intention of wanting to have a large value instead all the coins fall into waste, and for learning, let's not hold onto altcoins for too long which we think will not be profitable in the future, just the best advice is to save it. BITCOIN as much as we can.

I think nothing is in vain because after all you indirectly also get a very important lesson,
indeed by seeing the coins drop, of course some people panic and that's not a good thing,
the most important thing is that during such conditions we must remain calm

[naira]

efforts to hold in vain are indeed like what I do, with the intention of wanting to have a large value instead all the coins fall into waste, and for learning, let's not hold onto altcoins for too long which we think will not be profitable in the future, just the best advice is to save it. BITCOIN as much as we can.

I think nothing is in vain because after all you indirectly also get a very important lesson,
indeed by seeing the coins drop, of course some people panic and that's not a good thing,
the most important thing is that during such conditions we must remain calm

actually that is the main lesson from mistakes made, I also have experience like that, therefore I try to improve in the current bullrun year. having a selling target is the main goal when investing and if it has reached the selling target then don't hesitate to sell the investment. and try to feel sufficient to take advantage, because these characteristics sometimes appear in investing

[udidrone]

I holds some good coin in past, for example like Ethereum from XUC bounty, and Utrust Token which get pumped recently.  . It is actually hurt when see my old wallet was but maybe i must be more grateful to get that coins because that is from bounties and no capital needed to get it. But i think it is happened to a lot of people too because who know price of a coin will get pumped a lot.

[akirasendo17]

People be like
Don't always sell all the coins and tokens you own because they can rise in future but I've hold so many coins since 2018 and only very few gives me 50$ to 70$  today, isn't this laughable??

I be like
It's always wise to hold only very popular coins for future sake like the period we are in presently, not all altcoins will pump and give you a thousand dollar gain or more, if I've spent my time to gather top altcoins I would be in happy mood right now

Back in 2017, many people believe in coins who pop up like mushrooms in the community, ignoring those coins that really have use and purpose, either because of low value and the amount they hold, because they are cheap, next they listen to the group's members saying, the value will be 1-2 dollars lets hold, little did they know, while they were hoarding the coin the groups are dumping it, and at the end, they leave the trashing token to this person who never make single research and just bought almost all the tokens majority, the point is never just bought because someone told you, to avoid the effort being wasted, research even if it takes longer, its more important than holding a useless coin, imagine holding a coin for 5 years and nothing happens.

[Fredomago]

efforts to hold in vain are indeed like what I do, with the intention of wanting to have a large value instead all the coins fall into waste, and for learning, let's not hold onto altcoins for too long which we think will not be profitable in the future, just the best advice is to save it. BITCOIN as much as we can.

I think nothing is in vain because after all you indirectly also get a very important lesson,
indeed by seeing the coins drop, of course some people panic and that's not a good thing,
the most important thing is that during such conditions we must remain calm

And the story goes further,. keep being calm is easy to say than to act. You simply can tell a person to hold but if you are in his shoe and you see that the market is moving against you,

the very chance that you'll be riding with it in fear that you'll lose more, this trading business is more on self-control and keeping yourself in a neutral decision making when things are moving not according to your plans.

Lesson from each outcomes makes a trader better only if he focus on his next attempts,.

[rahmathidayat93]

That is why it is better for us to keep small amounts of good coins than to keep large amounts of junk coins, because basically investors are not interested in investing in junk coins, because the results will not be satisfactory in both short and long term investments.

Yes, besides junk coins it is clear that no one is interested in it in the market and there are even coins that are not listed on any exchange so they don't need to be stored because they are not included as valuable assets.

[Kez1817]

People be like
Don't always sell all the coins and tokens you own because they can rise in future but I've hold so many coins since 2018 and only very few gives me 50$ to 70$  today, isn't this laughable??

I be like
It's always wise to hold only very popular coins for future sake like the period we are in presently, not all altcoins will pump and give you a thousand dollar gain or more, if I've spent my time to gather top altcoins I would be in happy mood right now

Those coins without value is just decoration in your wallet  . Even me has a lot of coins in my wallet which useless. Next time try to do research first about potential coins to buy and hold for long term. Ethereum is the best altcoin you can hold because I believe ,it will increase more in the next couple of years.

[Mpamaegbu]

You deem Bitconnect a top alt coin? What's wrong with you dude? People got wrecked! Like, really wrecked on purpose! We are not talking about Bitcoin volatility, we are talking about a Pozi scam! If that is your definition of a top alt coin, it is dangerous if you keep spreading your opinion. Maybe others follow your path and try to find the next Bitconnect.

I can feel your bile. It's obvious you got affected by Bitconnect. Don't let your fury blind you to history and facts. Always remember that facts are sacred. Whether people got rekt by the action of Bitconnect or not isn't what I'm pointing at here. I mentioned that in 2017 BCC was among the alts which topped the list but it's no more today. Isn't that what happened? Isn't that in history? Or you think that because people got rekt we shouldn't mention it if required? Is that how you present your case in analysing things? Again, on the opinion thing, everybody mustn't share yours.

[Gorosden]

The way in seeing things right now I believe that even the most shitty coins of all in crypto space will appreciate in value simply because the bull market is very strong this time around, there are also many low rated crypto projects that have give investors good amount of gains, whatever coin or tokens you are holding just keep holding them if they haven't appreciate in value, the time is coming

[kenelmark]

Those coins without value is just decoration in your wallet  . Even me has a lot of coins in my wallet which useless. Next time try to do research first about potential coins to buy and hold for long term. Ethereum is the best altcoin you can hold because I believe ,it will increase more in the next couple of years.

That's right, and now everyone can also see that Ethereum has seen such a good price increase that it still places it in the top position after Bitcoin and is still a good choice to invest in in the long term.