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Author Topic: why do you keep allcoins?  (Read 1673 times)
Silver80
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July 26, 2021, 09:28:18 AM
 #41

The thing is, the issue with holding altcoins is that they are more or less short term projects and they can pump and dump in a flash making it pretty difficult to hodl Altcoins for the long term. Many projects I can prolly refer to as "lottery coins" have produced large returns at one time or the other for a few people, but they are not coins that you consider hodling for the long term, thus that's what makes Bitcoin, Ethereum and a few other dex crypto better options than the majority of altcoins.
If it's old coins, sometimes I agree with you, but for new coins circulating at the beginning of this year I'm not sure they will be easy to pump in the future and even they can disappear in the market.

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July 26, 2021, 09:32:24 AM
 #42

many of us are aware that sometimes the coins that have recently gone up are quite drastic, even though we have made quite significant profits, but still hope that in the future it will rise more than the coins btt, doge and others rose from the golden age they have peaked now.


if that happens how long do you have to wait 2 years, 3 years, 5 years or...?

while new coins are popping up all the time, still waiting for him to peak again?

The coin will not die unless some major issues come up, a company security breach, an inside job and more. If it is still on the market and are being traded in high volumes then it is safe to say it will still go on. Even there are better projects popping up, even the system is slower than the new ones, the fact that Bitcoin, Ethereum, and other top coins are still standing is a sole proof that newer coins cannot always win and they have still room to grow. I thought once that Bitcoin cannot go beyond 20k USD but my instinct proves me wrong or eth couldn't go beyond 1K USD. That's just says the older coins have good foundations and still kicking out of new ones.

And as for me, even the shittiest coins I have now still remains in my wallet, there was a time that this coin were valued at the peak, one of each costs around 800 dollars but did not managed to sell. So I'll just wait for the right time and if that moment do not come, I will just let them rot in there for a lifetime.

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July 26, 2021, 09:39:50 AM
 #43

I save altcoins because it can have a positive impact in the future, of course I only save etherem, because I think investing with etherem can save capital, besides this altcoin is more profitable than BTC, because the productivity is very high in the crypto market, even though the current price  ETH dropped drastically but I'm still optimistic that ETH will rise again,
if you race only on ETH you will not think of it as a market panic because the only coin so it doesn't "bloat its head" , and it will cool down, hope you keep your ETH safe for the future.  hopefully not like "apam" cake

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July 26, 2021, 09:47:51 AM
 #44

indeed some people sometimes have optimism in planning long-term investments in new projects.
closest I believe 1-2 years of project development. if the good investment can change the initial plan to be longer if you see an attractive market opportunity.
sometimes i also do it like you, but i mostly sell it not to hold it like you on the top coin but because the speculation is just rising and due to "end of the month" i cash it out slowly just to fill my wallet

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July 26, 2021, 09:56:29 AM
 #45

if you race only on ETH you will not think of it as a market panic because the only coin so it doesn't "bloat its head" , and it will cool down, hope you keep your ETH safe for the future.  hopefully not like "apam" cake
What is "APAM" cake? I don't understand the meaning of your parable, so I imagine APAM like a scary ghost, try to explain this to another parable so that people can understand better what you mean.
If the world of Crypto is better known as "pancakes" whose manufacturing process must be burned like people pumping a coin price and after cold people still look at him

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July 26, 2021, 10:26:18 AM
 #46

New coins will only be pumped when the trend is still happening whereas if we wait for it to peak again in a long time I'm not sure this can last and usually new coins will die in the middle of the journey especially most coins now are memes that have no definite product .

So for me this won't last much longer, especially for years, it's better to use it when it's still a trend, don't just wait because you want to pump it again, it's still impossible going forward
the good news today BTC is approaching 40 thousand even though it has not been able to reach 50 thousand but it has made some coins will go up too, sometimes you don't have to wait years for that profit if you buy a few months.

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July 26, 2021, 10:38:52 AM
 #47

Yes, many tokens based on altcoin like ethereum,  polkadot,  binance smart chain are popping up everyday. It is not easy to create an altcoin like ethereum ADA etc, in just few days. If you have made a significant profit on a coin,  it is only logical that you take profit except you are been delirious think such coin will keep increasing in value  perpetually!
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July 26, 2021, 10:48:24 AM
 #48

When a project is coming in market with some real use case which will benefit uses the the early entry gives huge profit. Bit we need to recognise the potential in early stage. Altcoins are profitable but not as secure as bitcoin as they are controlled by team. I don't keep altcoins for years except the coin has extreme potential.
Simple thing to me, Make money from alts by trading in short term and convert it into btc and hold for long term.
how do you know there will be a coin with extreme potential?  while altcoins have not been able to balance BTC in terms of the market, alcoins with extreme potential are only predictive so the margin of error is also large, both TRX and BNB they are still captivated by the ups and downs of BTC

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July 26, 2021, 10:54:05 AM
 #49

many of us are aware that sometimes the coins that have recently gone up are quite drastic, even though we have made quite significant profits, but still hope that in the future it will rise more than the coins btt, doge and others rose from the golden age they have peaked now.


if that happens how long do you have to wait 2 years, 3 years, 5 years or...?

while new coins are popping up all the time, still waiting for him to peak again?
all altcoins with good improvement will make good pump always, and that's what i know since i invest my money through altcoins,. but you know it depends if you invest in a good project coz on that way you can assure that someday when someone manipulated the price as long it's a genuine project or had good team behind there's always a chance for it to recover from the dip. So make sure that you invested your money in a trusted projects so that even you hold it for how many years you know what will happen and you still have a chance to make profits after all.
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July 26, 2021, 10:56:28 AM
 #50

Well, thats the usual scenario we are facing. When we did invest on old altcoins and we had huge profits from it, we are still waiting for the old days where we bought at dip price but then the value of those altcoins we had invested aren't the same of today anymore.

However, like for ethereum which is so expensive today, we can still invest some part of it. The importance is that we always set a goal profit to sell it off.
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July 26, 2021, 11:02:16 AM
 #51

The reason I keep altcoins is because the profits obtained are much greater than bitcoin itself, there have been many altcoins whose roi shot higher than bitcoin even though they were still young, not even 5 years old.

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July 26, 2021, 11:45:36 AM
 #52

Most of us hold the altcoin because we are late to sell the altcoins at a high price or still left some amount to be sold at the next high price, which is not always happening. That makes us keep the altcoin and still waiting for the next bull run and if the price is down, we are willing to buy more amount so we can be ready for the next bull run. Maybe we can keep it for 2-3 years before seeing the price increases back or the coin will not have a chance to increase. But if that coin can increase, that will still be worth holding, especially if we buy the coin at the lowest price.


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July 26, 2021, 11:57:29 AM
 #53

The reason I keep altcoins is because the profits obtained are much greater than bitcoin itself, there have been many altcoins whose roi shot higher than bitcoin even though they were still young, not even 5 years old.
i do agree, we will got more profit when altcoin price pump . if bitcoin goes up around 8% , altcoin could more than it maybe around 15 till 20% depend on altcoin fundamental. look at RSR as an example since bottom at 0,0015 now current price around 0,0030 , it is rose doubled or 100%. Honestly altcoin will give more return if bitcoin price trend bullish.
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July 26, 2021, 12:06:52 PM
 #54

At the end altcoin price will depend on bitcoin price, if the bitcoin price will continue to rise and reach another all time high, it is very likely that the price of other altcoins will also rise. but there may be moments unexpectedly that coin get pumped and get hue profit from it. but choosing coins like that is not easy, in fact many end up losing assets just because they want to believe in altcoins and want become earlier investor and tought they had diamond hands.
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July 26, 2021, 12:15:51 PM
 #55

many of us are aware that sometimes the coins that have recently gone up are quite drastic, even though we have made quite significant profits, but still hope that in the future it will rise more than the coins btt, doge and others rose from the golden age they have peaked now.


if that happens how long do you have to wait 2 years, 3 years, 5 years or...?

while new coins are popping up all the time, still waiting for him to peak again?
Because there are people here that no time to check coins or market from time to time so they choose to Keep holding and that is all they care and risk.
Daytraders are welcome on what you are pointing but Holders are now.
The reason I keep altcoins is because the profits obtained are much greater than bitcoin itself, there have been many altcoins whose roi shot higher than bitcoin even though they were still young, not even 5 years old.
Depend on what altcoin you are carrying because only few altcoins that come to win over the growth of bitcoin these past months.

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July 26, 2021, 01:53:44 PM
 #56

many of us are aware that sometimes the coins that have recently gone up are quite drastic, even though we have made quite significant profits, but still hope that in the future it will rise more than the coins btt, doge and others rose from the golden age they have peaked now.


if that happens how long do you have to wait 2 years, 3 years, 5 years or...?

while new coins are popping up all the time, still waiting for him to peak again?
It is possible that they mistakenly assume that they hold the coin for too long in the hope of increasing its price as has happened with BTT and Doge coins.
Here's my friend. On the other hand, why many people hold new coins for a long time, because they see the coins have a chance to increase in price again.
Other than that, I don't know what other reasons.

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July 26, 2021, 05:49:04 PM
 #57

Because Bitcoin is not doing much anymore compared to Altcoins. Not a financial advice.
It looks like you commented in a sleepy position, wash your face buddy and see what happens in the Bitcoin market, even Altcoins can't move when Bitcoin is still experiencing a decline in price.

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July 26, 2021, 06:25:41 PM
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 #58

I think, Simply because altcoins have a treasure trove of benefits that bitcoin has made available. It's too simple to walk. Some altcoins seek simplicity by stimulating the needs of the community and that satisfies them. That's how altcoins develop and it's wrapped up and blown up a lot. As a result, the stimulus targeting altcoins is varied.

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July 26, 2021, 07:58:48 PM
 #59

many of us are aware that sometimes the coins that have recently gone up are quite drastic, even though we have made quite significant profits, but still hope that in the future it will rise more than the coins btt, doge and others rose from the golden age they have peaked now.


if that happens how long do you have to wait 2 years, 3 years, 5 years or...?

while new coins are popping up all the time, still waiting for him to peak again?
Many people do not really have an option as the coins that they are holding are basically dead and since no one wants them they have to keep them.

Now there are other people that are holding their coins precisely because of the reason that you are stating but they are wasting their time, most coins base their value on hype and once that hype is gone in most cases it never returns which means that whatever money you invested in that coin is most likely lost, the coin still has some value and it is traded by some people so they keep hope it will recover its previous glory but it will never happen as there are hundreds of coins released each month and people want to invest in what is newer and not in some coin that has been around for years and that has given nothing but losses to their investors.

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Wakate
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July 26, 2021, 08:05:50 PM
 #60

I keep altcoins for so many reasons which are best know to me. Since Bitcoin price had really gone far, there is no need need to keep buying it even though it still have good future move to reach higher value than what it is today. Since price of altcoins mostly follows the rise and fall of bitcoin, then buying altcoins especially the good ones can give greater results like 10× 20× or even 100× without much anticoagulation.
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