Don't lock your tokens away

[MidNite36]

I know we have determined newbies among us this days that have developed a strong holding (HODL) habit in themselves, I have an advice for you as a crypto holder and I hope you listen.

Do not hold your tokens for too long without looking back, I have lost some this way because later they move to main chain running on separate blockchain, imagine if you decide to check the progress of that project only in 2024 and you see that you've missed out on swapping your old tokens to the new coin..

[Taskford]

I know we have determined newbies among us this days that have developed a strong holding (HODL) habit in themselves, I have an advice for you as a crypto holder and I hope you listen.

Do not hold your tokens for too long without looking back, I have lost some this way because later they move to main chain running on separate blockchain, imagine if you decide to check the progress of that project only in 2024 and you see that you've missed out on swapping your old tokens to the new coin..

This is why we need to be active on the channels of the tokens we bought since over the years there are constant changes and token swap is mostly happen when the dev decide to update their project. So if you are inactive and miss this on the deadline set by devs then like what you encounter other will also suffer from this since your hodl money will get 0 value for holding to much and missing the updates.

Also don't hodl new tokens dump them and buy agaim we can either repeat this process or totally dump it then move to another better project which can give us huge profit again.

[dimonstration]

I know we have determined newbies among us this days that have developed a strong holding (HODL) habit in themselves, I have an advice for you as a crypto holder and I hope you listen.

Do not hold your tokens for too long without looking back, I have lost some this way because later they move to main chain running on separate blockchain, imagine if you decide to check the progress of that project only in 2024 and you see that you've missed out on swapping your old tokens to the new coin..

Maybe you are pertaining on blockchain tokens that already migrate from testnet/initial blockchain to there mainnet but if you are holding blockchain tokens running on mainnet, You can still recover the new coin once the team decided to do a hard fork.

Can specify what is the exact token/coin you bought that you missed the swap. AFAIK, You can always contact the team to manually swap your token even though the swap period is over since they will mint the same amount of supply of the old token to the new blockchain so basically your unswapped token is just seating on team reserve.

[Crypt0Gore]

The danger is holding and not keeping tracks is not just about changing smart contract or missing swap on new blockchain, there are others like

1. Inactivity of the team once hype is no more, you can quickly sell and buy another better token/coin.
2. There are few projects that became a hack victim, following and tracking your token can save your ass and money.
3. The token can reach a new ATH like never before even in a bear market, you will miss out.

[cryptoaddictchie]

I know we have determined newbies among us this days that have developed a strong holding (HODL) habit in themselves, I have an advice for you as a crypto holder and I hope you listen.

Do not hold your tokens for too long without looking back, I have lost some this way because later they move to main chain running on separate blockchain, imagine if you decide to check the progress of that project only in 2024 and you see that you've missed out on swapping your old tokens to the new coin..

Thats case to case basis. Holding is good and sometime there are some instances like this which the project do and we investors cant do such thing when we slip the time of swapping or any kind fo snapshot in any case we forgot it for a while. Thats why extension should must be given to the community for a long time since some might be around and too busy to noticed. But this doesnt mean holding without looking back is also not good.

[Mpamaegbu]

Do not hold your tokens for too long without looking back, I have lost some this way because later they move to main chain running on separate blockchain, imagine if you decide to check the progress of that project only in 2024 and you see that you've missed out on swapping your old tokens to the new coin..

This is word on marble, straight up. I've been a victim of that too. It's a warning every newbie or hodler should heed. It's good to hodl but it's best if one is hodling Bitcoin or Eth. With those ones, there's less chances of worry of migration or integration that can cause anyone to lose their crypto. I hope people who have read this will take it seriously.

[suzanne5223]

Locking your token or coin away is not a bad idea but the question is why would hold something you think is an asset that is worth holding for the long term and never following the project updates or add their telegram channel for you to be aware of some important event.
Honestly, this is one of the dont's for every crypto investor.
I am holding a Metaverse project token since the year 2017 and I still have their telegram update and ongoing activities.

[martha1]

I know we have determined newbies among us this days that have developed a strong holding (HODL) habit in themselves, I have an advice for you as a crypto holder and I hope you listen.

Do not hold your tokens for too long without looking back, I have lost some this way because later they move to main chain running on separate blockchain, imagine if you decide to check the progress of that project only in 2024 and you see that you've missed out on swapping your old tokens to the new coin..

So what happened to the good old  "Buy good projects and forget about them" thing?

In all seriousness tho great point from OP im kinda guilty of this practise to as i tend to ignore the coins i hodl as a way of avoiding stressing out about the price fluctuations .but losing all your coins is worst i guess

[FirmWars]

I know we have determined newbies among us this days that have developed a strong holding (HODL) habit in themselves, I have an advice for you as a crypto holder and I hope you listen.

Do not hold your tokens for too long without looking back, I have lost some this way because later they move to main chain running on separate blockchain, imagine if you decide to check the progress of that project only in 2024 and you see that you've missed out on swapping your old tokens to the new coin..

So what happened to the good old  "Buy good projects and forget about them" thing?

In all seriousness tho great point from OP im kinda guilty of this practise to as i tend to ignore the coins i hodl as a way of avoiding stressing out about the price fluctuations .but losing all your coins is worst i guess

Not all good projects will survive for longer time this is why we need to watch them closely and monitor their progress, many good projects of today will stop following their roadmap once the hype is no more or there is bear season and they will slowly get abandoned, you can only hold BTC LTC ETH and other in same strong category for long without monitoring.

[Issa56]

You shouldn't just be holding a coin without following the coins process that's really a bad idea, all projects are having Telegram groups and channels where informations are being passed, I believe if you are holding coin you should always follow their Telegram channel and their social media account so that it won't endup being a waste after holding a coin for years just because you didn't follow the project.

[Yurkov]

I know we have determined newbies among us this days that have developed a strong holding (HODL) habit in themselves, I have an advice for you as a crypto holder and I hope you listen.

Do not hold your tokens for too long without looking back, I have lost some this way because later they move to main chain running on separate blockchain, imagine if you decide to check the progress of that project only in 2024 and you see that you've missed out on swapping your old tokens to the new coin..

I had a very similar situation two years ago. I've been holding the token since the ICO itself for over two years and the developers have found they are changing the network. Fortunately, I managed to get along with them and received from them the equivalent of tokens on the new platform. However, it was a relatively small amount, I think with large amounts it could be a very big problem.
I also support HODL, but we have to check the information channels of the projects we have invested in from time to time.

[crzy]

Some of the coins/tokens update their own wallet, so its good to stay updated but if you are holding top coins in your hard wallet, that can be more ok just visit it at least once a year and you’ll be fine. Holding is risky as well, its always good to have target price to sell so you can know when you are going to have profit. Some of my friends already forgot their online wallet, if you are planning to hold avoid the online wallet.

[AmoreJaz]

You shouldn't just be holding a coin without following the coins process that's really a bad idea, all projects are having Telegram groups and channels where informations are being passed, I believe if you are holding coin you should always follow their Telegram channel and their social media account so that it won't endup being a waste after holding a coin for years just because you didn't follow the project.

it is indeed the responsibility of the holder to keep up with the progress of the project that he is holding. no one will do it for him. if you know you invested a good amount of money like buying from ico/ieo/ido, you will be the one keeping track of the project's development. if you can't do that, just sell the token and just buy like btc, where you can easily check the price in the market. so don't blame the dev team if they decided to switch to another network because usually they post updates before they finally do the switching.
but usually, if you are not keeping tab. you won't know about such devt and it is your loss not the project itself.

[JeffBrad12]

I know we have determined newbies among us this days that have developed a strong holding (HODL) habit in themselves, I have an advice for you as a crypto holder and I hope you listen.

Anyone especially for a newbie will be hearing your advice and that seems important advice for the token hodlers.

Do not hold your tokens for too long without looking back, I have lost some this way because later they move to main chain running on separate blockchain, imagine if you decide to check the progress of that project only in 2024 and you see that you've missed out on swapping your old tokens to the new coin..

Ah i just know that and im also aware of that. I remember when people are losing their money in the past due to the swapping progress of tokens from temporary chain to the main chain but this must be noted if the developers was making a mistake here. It's caused by the swap ability must be there forever like aave. Just like a portal that used by the people to swap their old token to the new token anytime.
If the dev was giving the time to do that but again that's holders right.
As the developers and they must give guaranteed to the hodlers.

[NewRanger]

Do not hold your tokens for too long without looking back, I have lost some this way because later they move to main chain running on separate blockchain, imagine if you decide to check the progress of that project only in 2024 and you see that you've missed out on swapping your old tokens to the new coin..

that is big mistake if we hold coin but didnt follow the lastest update from developers team, as investors we have to know what actually going to project. missing swap announcement was big mistake , our coin could have no value anymore if they set time limitation for it.

Some of the coins/tokens update their own wallet, so its good to stay updated but if you are holding top coins in your hard wallet, that can be more ok just visit it at least once a year and you’ll be fine.

unfortunately alot holder save their coins at exchange wallet , and some of them need mannual swap.

[coin-investor]

I know we have determined newbies among us this days that have developed a strong holding (HODL) habit in themselves, I have an advice for you as a crypto holder and I hope you listen.

Do not hold your tokens for too long without looking back, I have lost some this way because later they move to main chain running on separate blockchain, imagine if you decide to check the progress of that project only in 2024 and you see that you've missed out on swapping your old tokens to the new coin..

That's a very bad move if you're going to hodl be sure to still check the progress of the coin you're investing don't be 100% sure that nothing will change but the price, don't be too confident on any coin even Bitcoin the industry is very dynamic one coin or token can change its concept its chain or even dump by developers always monitor always check and don't leave their channel or group even if you've invested in 100 coins, once you've invested in one coin you're on it.

[Oceat]

...
Also don't hodl new tokens dump them and buy agaim we can either repeat this process or totally dump it then move to another better project which can give us huge profit again.

I remember someone who does hodl a lot of his token since he saw that the price was pumping so he decided to hodl more which means he's being greedy thinking it could still pump more. And then one day early in the morning, he just saw the price dumped with the face full of regrets he said "I shouldn't be hodling more but instead dump them if I have the chance".

Although he got some profit though but not that big and I would say that not all project is worth hodling even for long term especially in altcoins or new tokens. If you have the chance to sell them, you sell them without a doubt it may pump or not for some tokens but it's hard to tell which one so make up your mind already before you lose almost everything.

[Rengga Jati]

There are some considerations why we are holding any tokens or coins so far, whether for the long term for years and also short term investment.
Commonly, the problem will be located on what coins or tokens we are holding. Not all coins or tokens are worthy for the long term, moreover the new projects only rise up because of hype, or projects that have no certain strong and use cases funademnatly.

Holding will be also worthy if the coins that we are going to hold even for years are the potential and promising coins.
The one that has no doubt is so far Bitcoin, followed by Ethereum and also BNB. BUt BTC is the most ptential coin to long term holding.

[shinratensei_]

I think that as a holder and you must always be careful with it. It can be said that when you have been investing in a project and your eyes must always keep updated with the new announcement that probably will come soon.
Missing the token swap has become a horrible thing and when the dev gave a deadline about that and this may become another disaster for us.  If you have invested in something and then try to be a wise person by maintaining yourself to be keep updated with the latest news. I think that this has become hodler responsibility.
The developer must be another problem as well as it was giving deadline for the swap

[Dr.Osh]

yes, I agree with this. other than that, don't just hold it without thinking about other strategies. hold is very important, but we also need a strategy for it. sell at a price then increase the asset when the price drops again. however, many people misinterpret hold. sometimes they keep holding back even having lost below 60%, they still keep doing that. well, in the end, the principle will be hold until it becomes zero, or moon.
Well, I don't think it's a bad strategy, because I've done it before. However, I think we need a strategy so that we can hold in order to get optimal results.