HODL is much more suitable for altcoins than BTC nowadays

[tech30338]

I conclude that HODL strategy is much more suitable for altcoins than BTC nowadays - just because the altcoins (as a whole market - not every single altcoin in this market) are undervalued relative to their equilibrium long-term price. Equilibrium price of the asset is determined by its value (in the case of cryptocurrencies this means image, perceived usefulness, acceptance rate). Altcoins prices are generally lower than their values at the moment.
As Warren Buffett says — 'Price is what you pay. Value is what you get'.

Altcoins market is undervalued (and many single altcoins in this market are strongly undervalued). Bitcoin is clearly overvalued.


HODL is suitable for undervalued coins.

This is depending on what you hold or what altcoin you are saying, when it comes to meme coins you are not safe, if you are talking about altcoins that is in the market for quite some time now, there is a chance, but this all come down to the price, because if you want more tokens you hold the lowest value and wait, while the mid to high sometimes have better value.
If you really want to hold altcoins its okay, but make sure what you are holding are stable in the market, and been there for a long time, that no matter even if its the worse bear market it is still standing and competing.

[ultrloa]

I conclude that HODL strategy is much more suitable for altcoins than BTC nowadays - just because the altcoins (as a whole market - not every single altcoin in this market) are undervalued relative to their equilibrium long-term price. Equilibrium price of the asset is determined by its value (in the case of cryptocurrencies this means image, perceived usefulness, acceptance rate). Altcoins prices are generally lower than their values at the moment.
As Warren Buffett says — 'Price is what you pay. Value is what you get'.

Altcoins market is undervalued (and many single altcoins in this market are strongly undervalued). Bitcoin is clearly overvalued.


HODL is suitable for undervalued coins.

This is depending on what you hold or what altcoin you are saying, when it comes to meme coins you are not safe, if you are talking about altcoins that is in the market for quite some time now, there is a chance, but this all come down to the price, because if you want more tokens you hold the lowest value and wait, while the mid to high sometimes have better value.
If you really want to hold altcoins its okay, but make sure what you are holding are stable in the market, and been there for a long time, that no matter even if its the worse bear market it is still standing and competing.

If they say ETH or maybe XRP well I might agree on them that somehow this is good to HODL for long term. Knowing that this two big coins is getting lots of adoption and most provably the price of these two giants would provably grow more.

But still even if these two are top coins in the market I cannot really say that they are more far better than Bitcoin. Because we can really say that even if there are lots of option to choose in the market Bitcoin always dominate because this is most  preferable coin to hold by lots of investor.

Also if they talk about other undervalued coins as what OP said maybe they are just blinded with hype but for sure they realize soon that what they are thinking is not really good and those shitcoins is not ideal to HODL.

[jostorres]

If they say ETH or maybe XRP well I might agree on them that somehow this is good to HODL for long term. Knowing that this two big coins is getting lots of adoption and most provably the price of these two giants would provably grow more.

But still even if these two are top coins in the market I cannot really say that they are more far better than Bitcoin. Because we can really say that even if there are lots of option to choose in the market Bitcoin always dominate because this is most  preferable coin to hold by lots of investor.

Also if they talk about other undervalued coins as what OP said maybe they are just blinded with hype but for sure they realize soon that what they are thinking is not really good and those shitcoins is not ideal to HODL.

Even then, which I am sure will be fine, I would say it is not better than holding bitcoin. I can understand the need to make more money and volatility of lower caps makes it more promising for that potential but the reality is simple that volatility means it is not going to be light when going down neither, it is going to crash harder than bitcoin, on top of that going higher than bitcoin in percentage or ROI isn't easy neither, some do it but for a very brief period of time and not long term.

[Stormisover]

If they say ETH or maybe XRP well I might agree on them that somehow this is good to HODL for long term. Knowing that this two big coins is getting lots of adoption and most provably the price of these two giants would provably grow more.

But still even if these two are top coins in the market I cannot really say that they are more far better than Bitcoin. Because we can really say that even if there are lots of option to choose in the market Bitcoin always dominate because this is most  preferable coin to hold by lots of investor.

Also if they talk about other undervalued coins as what OP said maybe they are just blinded with hype but for sure they realize soon that what they are thinking is not really good and those shitcoins is not ideal to HODL.

Even then, which I am sure will be fine, I would say it is not better than holding bitcoin. I can understand the need to make more money and volatility of lower caps makes it more promising for that potential but the reality is simple that volatility means it is not going to be light when going down neither, it is going to crash harder than bitcoin, on top of that going higher than bitcoin in percentage or ROI isn't easy neither, some do it but for a very brief period of time and not long term.

The challenges is to know which one will do it even in the short term let alone talking about doing it over the long term, there is more chances of losing out with altcoins than in Bitcoin because it short term or long term,  holding altcoins is not better in any way compared to Bitcoin, there are so many altcoins out there and anyone saying that holding altcoins is better than Bitcoin is misleading because a newbie wouldn't mind to pick up with any altcoins out there for this reason and thinks they will better compare to Bitcoin in the long run

[Call_Me_Guru]

You have to be able to back your speculation with facts. For example how have altcoins done in the long run? That means their performance in longer than a couple of years. We can clearly see that almost all of them have only continued going down which clearly shows that their price even back then (like in 2017) was extremely overvalued that they needed to continue dumping to reach a more reasonable price.

Poopcoin is also good to HODL.

I couldn't understand some people, when a shitcoin has delivered a few bucks, they rush to conclude it's the same as bictoin. Haven't they heard of the common rug-pull with altcoins? They either stop early or learn from their lack of experience and DYOR.

Btw--Bitcoin owns HODL, not altcoins.

[Gaza13]

It depends the strategy you apply on the altcoin that will make you to earn suitable income than bitcoin op, For short term on altcoin you will earn income that will make you celebrate which bitcoin will not give you in the short term holding, if you are holding altcoin for long term it will not be suitable like  long term holding in bitcoin because bitcoin gives altcoin opportunity to increase whenever bitcoin price is increasing in the market,  there are some altcoins that are not good for long term holding and if you apply long term holding you will not like what will happen when the altcoins disappoint you because they don't have strong team like bitcoin teams,

That's right, basically altcoins are the developer own business and they can freely control and change the rules to their own advantage. This often creates risks for investors, as the value of altcoins can be heavily influenced by the decisions of the development team and broader market conditions. And I also agree with you that holding altcoins is more suitable for the short term than the long term. It's best to set aside a certain percentage of your total assets and choose altcoins that have a long track record in the market, such as ETH and other major altcoins. Don't be too tempted by low volumes, as this will only lead to a trap. Bitcoin remains the best of all altcoins due to its proven track record of being more resilient than many altcoins in the long term.

[Uruhara]

Altcoins are only good for playing around or only good for various purposes such as sending USDT on certain networks that are quite fast but with low fees. In this case, I use Aptos, sometimes Plasma, and sometimes BNB. However, when it comes to HODLing altcoins, I think it's up to each individual to decide whether to do it or not. But personally, I strongly disagree that HODLing altcoins is better than HODLing Bitcoin.

We can see that only a few altcoins have managed to reach their last ATH, which they formed in the previous bull market. And only a small portion or a few percent of altcoins have managed to set new ATHs in this bull market. The rest have become altcoins that continuously hit new lows in price over time.

I even sometimes chuckle when I see someone hyping up that a certain altcoin will be very valuable in the future. I remember an influencer from my country doing this. I think that influencer was caught up in FOMO or something similar. It seems like they didn't understand the mechanics of the altcoin they were holding. Every month, a certain percentage of its supply is unlocked, which can cause the price to drop further due to the increasing circulating supply. And now that altcoin has dropped by over 90%. It's reported that the influencer executed a stop-loss order with significant losses. 

[aysha9853]

HODL works differently now compared to early cycles back then everything pumped hard today Bitcoin is slower but still does its job as store of value altcoins can outperform but only a few will blind HODLing alts is basically gambling.

[Kavelj22]

HODL works differently now compared to early cycles back then everything pumped hard today Bitcoin is slower but still does its job as store of value altcoins can outperform but only a few will blind HODLing alts is basically gambling.

The spread of cryptocurrency use opens the door to more opportunities to many altcoins. Holding major altcoins was always a good investment in relation with bitcoin even without use cases. Now there are many use cases proved by the widespread. We reached the level of investing in some altcoins not less worth than investing in bitcoin. Those who HODL eth since 2016 is a millionaire today.

[passwordnow]

HODL works differently now compared to early cycles back then everything pumped hard today Bitcoin is slower but still does its job as store of value altcoins can outperform but only a few will blind HODLing alts is basically gambling.

The early cycles, it's best to hold alts. But for this cycle, I've got a handful alts that have made me profit. And the rest, they didn't do good and that's why holding is still best applied to BTC than the altcoins. That had worked for me, made several mistakes in the past with BTC and alts and yet, still BTC gave me that window to recover from all of those mistakes and losses that have made me.

Those who HODL eth since 2016 is a millionaire today.

I've got some ETH but not from 2016 although it's under 2020 and I can say it's one of the most profitable altcoin that I have.

[laijsica]

I conclude that HODL strategy is much more suitable for altcoins than BTC nowadays - just because the altcoins (as a whole market - not every single altcoin in this market) are undervalued relative to their equilibrium long-term price. Equilibrium price of the asset is determined by its value (in the case of cryptocurrencies this means image, perceived usefulness, acceptance rate). Altcoins prices are generally lower than their values at the moment.
As Warren Buffett says — 'Price is what you pay. Value is what you get'.

Altcoins market is undervalued (and many single altcoins in this market are strongly undervalued). Bitcoin is clearly overvalued.


HODL is suitable for undervalued coins.

It is not clear which coin you are actually praising by saying altcoin. Except for the top few alts check the price history and market cap of most coins and then try to talk about it. Most coin are scam and risky. The entire altcoin market is going through a dangerous situation. If you want to make a profit from this market, it will not be easy at all. HODL strategy is very significant but you should analyze the structure of the coin and decide whether it is suitable for long term holding or short term trading. A small investment error can make to the high possibility of losing your capital.

I do not agree with you on this issue. You said that the value of altcoin is undervalued and the value of Bitcoin is overvalued. Investors are attracted to each coin based on its unique characteristics. Investors are confident because of its unique characteristics and intrinsic value.

Bitcoin technical structure and low supply are increasing in value and the possibility of increasing in value in the future is very high and compared to that, its value is still at a much lower level at the present time. Bitcoin is the best for long term investment.

[Ayers]

Those who HODL eth since 2016 is a millionaire today.

I've got some ETH but not from 2016 although it's under 2020 and I can say it's one of the most profitable altcoin that I have.

Not only ETH, but those who invested early in Sol, BnB, or even Doge would have become millionaires if they had held onto their investments until now.

To be fair, many altcoins have generated huge profits and helped many people become millionaires over the years, Bitcoin is not the only one to have done so. However, the altcoin market is vast, and only some of them achieve that, not all altcoins. Therefore, it would be inaccurate to say that investing in and holding altcoins is better than Bitcoin.

[passwordnow]

I've got some ETH but not from 2016 although it's under 2020 and I can say it's one of the most profitable altcoin that I have.

Not only ETH, but those who invested early in Sol, BnB, or even Doge would have become millionaires if they had held onto their investments until now.

You're right, those altcoins were very profitable for as long as you've bought them at a very cheap price or during its early release.

To be fair, many altcoins have generated huge profits and helped many people become millionaires over the years, Bitcoin is not the only one to have done so. However, the altcoin market is vast, and only some of them achieve that, not all altcoins. Therefore, it would be inaccurate to say that investing in and holding altcoins is better than Bitcoin.

Not going to debate with that because that's true and that's the reason why others are so excited with the altcoins because of how it generated a lot of its holders huge profits. There were comparisons that it's even better in profitability in Bitcoin but, if it's about risk IMO they're higher than bitcoin's.

[Abiky]

The spread of cryptocurrency use opens the door to more opportunities to many altcoins. Holding major altcoins was always a good investment in relation with bitcoin even without use cases. Now there are many use cases proved by the widespread. We reached the level of investing in some altcoins not less worth than investing in bitcoin. Those who HODL eth since 2016 is a millionaire today.

Those who "hodl" ETH since 2016 are considered early adopters. And frankly, not everyone meets with such criteria. It's hard to become an early adopter of new altcoins, especially when everyone wants to grab a piece of the pie. Crypto is too mainstream nowadays, which explains why market manipulation is more frequent than it was before. Altcoin season is going to take a long time as a result.

I believe ETH will be the one that will "add fuel to the fire" once it turns "bullish" again. It has the support of institutional investors, so what's stopping huge capital inflows from "pumping" ETH in the future? Altcoins have always been a game of patience. So if you're patient enough, you'll be able to see great results with your investment in the long run. In the meantime, I'd suggest you keep buying and "hodling" altcoins at the cheap. I'm sure the attention will move away from BTC back into altcoins sooner or later. Just you wait and see.

[As-Soon-As]

Op Your idea is completely wrong, do you know pumping dumping and dumping pumping? In the cryptocurrency market, I will only discuss the survival of Bitcoin and its price. You compare, there are thousands of coins in the Altcoin market and they come into the market and perform for a few days and then get destroyed, there are some that end up in the market by dumping. How will you hold all these coins for a long time because they compare the huge difference in price. But Bitcoin has been in the market for a long time and they have survived, when the price is dumped, it is pumped several times more again. So holding Bitcoin for a long time is very easy and important, there is logic in this.

[JeffBrad12]

How are you able to figure out if an altcoin is undervalued though? there are many altcoins with 0 rev, shouldn't their overall valuation goes to zero? yet they still have some good market cap in the market even it isn't reaching billions.
Altcoin being undervalued is mostly illusion. Many of them deserve to go zero because these altcoins have no product market fit to begin with yet they still have some valuation because people like to speculate.
My point being, sometime just because an altcoin has dumped so hard and may give you a sense of being undervalued isn't actually undervalued at all. Maybe it's time for the market to reveal its true deserving price which is close to zero.