geegaw
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October 15, 2021, 04:54:46 PM |
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A lot of projects that were once great are now dead for many reasons, the most frequent reason being the devs. impatient and selling all the coins or tokens they have so that the price drops, but there are many coins that continue to shine because they can be real used for transactions, and to choose coins for the long term is to have entered the top 30 on coinmarketcap such as BNB, MATIC, Polkadot and so on.
What you said deciphered that holding is not a universal door that can go straight to riches, a lot of altcoins have had at least a few glorious eras and seasons but their nametags were crossed out in the following seasons just because of a little misstep, this altcoin is not too lonely when people of that generation are also buried in the same place as a historical relic, called the dead and unlucky lands. Altcoins only rise when that era belongs to it and makes a compromise with it, holders should also know that the interval between altcoin seasons is very short, limit holding deep to avoid being buried like an ancient architecture
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gabbie2010
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October 15, 2021, 05:50:52 PM |
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The opportunity for the altcoin to have time to pump will comes, even if that will happen in a short or long time. The problem is we do not know when the pump will come and how long we will hold. Sometimes, when the pump comes, we do not try to sell some amount instead of waiting for more because we want to make a bigger profit. That will not be right because after the pump finish, the price will be back to the lower price and it will stay for some time and we will miss the right time to sell the coin.
If hodler or trader can accurately predict when a pump is likely going to occur then everyone must have been very rich now, however it takes a lot of efforts and research to know the potential coins that will pump massively in the nearest future, can the hodler patiently endure to hodl for long to earn massive profits? this depend on individual decision, I was caught up in very profitable trader of which I suppose to take profit but left however this ended up in a bad trade thus resulting to a loss.
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Wysi
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October 15, 2021, 05:55:09 PM |
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This is not a case of all the altcoins , I would say it's a 50:50 ratio as sometimes even most trusted altcoin fails to pump and we cam take example of Ripple as it crossed during the end and then it was dumped but till date it's yet to break that marka md those who have invested into it during the peak are still waiting for breakeven.
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pieppiep
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October 16, 2021, 03:49:33 AM |
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The opportunity for the altcoin to have time to pump will comes, even if that will happen in a short or long time. The problem is we do not know when the pump will come and how long we will hold. Sometimes, when the pump comes, we do not try to sell some amount instead of waiting for more because we want to make a bigger profit. That will not be right because after the pump finish, the price will be back to the lower price and it will stay for some time and we will miss the right time to sell the coin.
If hodler or trader can accurately predict when a pump is likely going to occur then everyone must have been very rich now, however it takes a lot of efforts and research to know the potential coins that will pump massively in the nearest future, can the hodler patiently endure to hodl for long to earn massive profits? this depend on individual decision, I was caught up in very profitable trader of which I suppose to take profit but left however this ended up in a bad trade thus resulting to a loss. Unfortunately, we will not know when the pump will coming because that will depend on how big the demand happens in the market. But the real holder will have their patient to hold for long and earn massive profits in the future. If we want to be like them, we need to learn how to hold our coins without worrying about the market situation. So if you have a good altcoin in your wallet and are sure the coin will increase or get a pump in the future, you must hold on tight to the coin and not panic when the price is down.
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Mauser
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October 16, 2021, 08:38:34 AM |
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I agree with you, HODL is still the best strategy for the average investors. Sure skilled traders will make bigger profits, but if we just hold good crypto currencies than we will profit if their long term price increases. Both for alt coins and bitcoins HODL became my favourite strategy. You don't have to stay up to date to the market every day. As long as we can identify the big bear and bull markets we are fine. For me crypto currencies are like a savings account, if I have spare money I will add it to my portfolio and only if I really need the money I would consider selling some crypts again into fiat money. There is a difference between people who only look at crypto currencies as a way to make some quick money, and people who actually believe in it and think that it will be the future of money and how we send and receive money.
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trauchot
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Activity: 1764
Merit: 10
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October 16, 2021, 08:54:05 AM |
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If you will invest in top altcoins for a long term, then of course it will bring great profit in the future, but you need to study each top altcoin to understand what can be expected from it in the future, but with new altcoins it is very difficult to understand whether it is worth investing in them for a long term or not, since many new altcoins will turn into a scam over time or will simply die, and if you will invest in them for a long term, you may lose your investment, so you also need to carefully study all new altcoins in which you want to invest, but in general, I prefer to invest in top altcoins, because it is profitable and does not bring any problems and nerves.
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dupee419
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October 16, 2021, 10:40:41 AM |
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The first half of October was quite a bad case for altcoins as they were all dipping, but altcoins are actually being bullish now, let's see if these altcoins will recover, if not, just keep on holding or settle with some options, Bitcoin is doing good now but for how long? also, since it looks like some trusted alt coins are recovering now, if this looks like a bullrun then better take advantage from this opportunity.
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cryp24x
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October 16, 2021, 11:13:58 AM |
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Each holder will definitely have their own interests, but the true holder will definitely be stronger to plant crypto in a long time. So if we want to cuan, have to save coins for a long time. If you agree or disagree, please give me good feedback. thanks
Of course, all altcoins has the capability to pump their price value in the market. The only question is that We don't know when the exact time and date it will happen, because most of the time reading in the chart is not accurate most often, due to they were always depend in the speculations according to what they think is right to their view anyway. Now my can I ask in which coin do you think it will pump this coming days or weeks here in cryptocurrency?
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Anonylz
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October 16, 2021, 11:23:06 AM |
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Holding has already being proven to be the most profitable long term but the problem is not everyone has the patience to hold, especially holding good project like eth, btc, bnb is the beginning of project launch, not all alts has that capability even if you hold them for long, it is important to be able to identify to those alts that are worth holding in other not to waste time on worthless projects.
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bigjuk
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October 16, 2021, 01:27:52 PM |
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To earn more is to risk more. In order to harvest more need to plant more. That's right but don't forget that not all coins are good to hold for long term. Just chose to hold the top coins and with promising future.
I will straighten your understanding in this case because having more capital is not only to buy more kinds of coins, because there are also people who have a lot of capital but they only invest in three coins so that the profits will also be more from the person who chose ten kinds of coins which among them did not have the same potency
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syedzakir
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October 16, 2021, 05:55:42 PM |
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Holding altcoins for a long time can be beneficial but only if the altcoin is worth investing. Those having fake investors behind them may result in a great loss and you also lose your interest in other coins too. So before investing for a long term in any altcoin you must do a lot of research for it. Then it could be proven as a game changer for you.
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Fredomago
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October 16, 2021, 06:32:49 PM |
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Not all altcoins are good for a long term investment, there is still a lot of altcoins that cannot survive when the bear market started, that's why this is always really important to do our own research first before we invest in a certain coin, only good altcoin can still recover from the bear market, invest in a coin that has a long term plan and good dev's team identity. Not necessarily, but even if you want to save then choose an old coin and the graph has progress, whether it goes down and up or doesn't just stop, if you do save, invest a lot and don't forget to set aside for other coins too. remember not all coins are suitable to be pumped for so long
Not old coin as well, especially those coins that have low trading volume, I have already done investing in an old coin and it really makes me lose my money. You can't tell unless there are good improvement to those coins that you are holding, old or new coins that have progress will continue to have support from the community, you need to work hard in sorting which coins have that usages and have great addition to this industry, with that knowledge it will be easier to anticipate how that coins will perform in the long run. Hold coins that have real target venues, project that will not only focus on hypes or those coins that only created for pump and dump. Long-term investment also needs to take time doing your research and understand the development of your chosen projects.
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ZaraCB
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October 16, 2021, 07:06:42 PM |
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There is no relation between the holding and pumping of altcoins. If we are lucky then we can make profit by holding Altcoin. However, I am not in favor of holding a long term. Because the market has already pumped a lot. How many more pumps will be from here.
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FanEagle
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October 17, 2021, 08:21:26 AM |
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I am sure that it is the explanation of the situation, isn't it? I mean if everyone holds long then it is going to be going up. It is from the people that sell constantly that makes it go down and that is going to be for a long time, that is how the market works. I believe that we do not hold long because of few reasons, there are people who do not care about a project and just want to make a profit and that is how they get into stuff and that is understandable, if you are not caring about the project and just want to make a profit then you are going to end up losing money if you hold long and still do not care, so it makes sense to sell.
If you are worried that it will go down then getting out makes sense too, and there are panic sellers as well. Long story short people will end up selling as long as the market keeps working and that is the problem that we have and alts not going up constantly.
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wissy
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October 17, 2021, 08:30:50 AM |
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Each holder will definitely have their own interests, but the true holder will definitely be stronger to plant crypto in a long time. So if we want to cuan, have to save coins for a long time. If you agree or disagree, please give me good feedback. thanks
Unfortunately, there is a flood of altcoins out there so the risk is, that your coin will fade away and be replaced by hyped meme tokes which have spread like cancer lately. For me, this show we are coming close to another market crash. There cant be so much useless money out there in shitcoins that there is now.
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bitcon
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October 17, 2021, 11:20:24 AM |
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Each holder will definitely have their own interests, but the true holder will definitely be stronger to plant crypto in a long time. So if we want to cuan, have to save coins for a long time. If you agree or disagree, please give me good feedback. thanks
I absolutely agree with you that long-term holders will win on this market. But not all coins will survive in the long term so we should choose carefully and wisely what coins to hold based on what utility these altcoins offer to the market. Most altcoins will just depreciate and be abandoned, so you will be left with nothing if you make a failure and negligent choice.
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andireynold98
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October 17, 2021, 03:07:52 PM |
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One of the coins that I am slowing buying is the Divi Project. I think a lot of people are overlooking and shouldn't be is DIVI. It has some massive potential and could easily have a lot more gains the others. You can also get passive income by staking it in the official DIVI mobile wallet or create a node yourself in a few clicks. This is my opinion, do you own research of course.
Yess same at first i think DIVI is just like oh cool i got some new portfolio new coin, and decide to sell my DIVI from tipcc instead before i know that would be huge from someone. Thanks for someone that tell me DIVI can do run nodes if you have enough amount to run nodes and we can enjoy the rewards too that shared on their big pool. Very huge pool. Passive income is never sucks, they always bring our to profit mode. So that's why now i love DIVI and want to hold them so bad. Pls this is not financial advice, do own research and own experience
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Rufsilf
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October 17, 2021, 06:01:14 PM |
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Not all altcoins will give you the satisfaction you wanted and imagined because not every altcoins will give you huge profits. I myself only consider 3-4 altcoins that I studied before investing and to put in my portfolio and hold it to have profits. Depending on the altcoins, some will only be good for a short-term and some are best for long-term investment like bitcoin and eth or even NFT.
Just be careful OP because there are lots of altcoins today and most altcoins can't give you competitive returns. Don't be fooled and give yourself some knowledge before you invest.
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Viscore
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October 17, 2021, 06:36:26 PM |
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Not all altcoins will give you the satisfaction you wanted and imagined because not every altcoins will give you huge profits. I myself only consider 3-4 altcoins that I studied before investing and to put in my portfolio and hold it to have profits. Depending on the altcoins, some will only be good for a short-term and some are best for long-term investment like bitcoin and eth or even NFT.
Just be careful OP because there are lots of altcoins today and most altcoins can't give you competitive returns. Don't be fooled and give yourself some knowledge before you invest.
If you keep believing on false hopes, even if you hold those altcoins for 2-4 years, you will never end up profitable. OP, you must know that not all altcoins are capable of pumping, some may live just for short term and eventually die. So you need to choose those coins who are considered solid and well established in the market because no matter how often the market crash happened, they will certainly recover after every dip. So never invest and hold altcoins that have no bright future. Keep gaining knowledge and maybe you'll be successful and profitable in the future.
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bitcoin-shark
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October 17, 2021, 06:53:20 PM |
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a long term hold strategy is no longer fruitful these days, the market is unstable, unpredictable better to sell the altcoins with an uncertain future and buy some of the top 10 to stake less earnings but also less risk
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