HODL is much more suitable for altcoins than BTC nowadays

[ultrloa]

In my opinion, HODL applies to all types of coins or assets, Bitcoin and altcoins fall into this category, the purpose of doing HODL is to achieve the profit we are targeting, meaning that whatever the type of asset is as long as the asset has the potential to be profitable in the long run then you deserve to do HODL there, choosing an undervalued coin to be used as an asset for HODL is not bad, but aren't there not a few who end up experiencing huge losses because their assets remain at the bottom?

Yes it does work on both altcoin and bitcoin, meaning you are holding the token even the price go up or down, because you are aiming for a certain price, but i think the problem on it, is when you are holding an altcoin, if you are holding an unknown coin or falsely advertise, because in the end even of you hodl and the coin value sink to zero, and already dead, the value will be zero, so holding a coin that has real value is better, meaning not meme coin, coins that are already in the market, and has proven that they are still there even with a big crash.

I believe long-term holding is only effective for top altcoins and Bitcoin. It's more likely to yield profits, not all altcoins, especially those with low support, which would be very risky.
For me, the only long-term holdings are BNB, ETH, and SOL, and of course, Bitcoin as well. This is more likely to yield substantial long-term gains. I say this after seeing the past development of these three altcoins.

For seeing how market reacts when there's either good or bad situation on the market it shows that Bitcoin is the only good coin to hold for long term. Since even if you say that there are strong alts in the market still for me there's no sense to hold them especially if they are just following the movement of Bitcoin.

So instead of you are gaining lots of volume you are wasting your time and money because you are spending it on other alts which provably can give you a small returns. Yeah those coins you mentioned is good but I really think that they are only good for short term trades.

[Emeraldo]

Op that means you don't understand the crypto market. Since when I join the crypto world, I have not seen any coin doing well more than bitcoin. Instead, bitcoin control all other coins in the market. Okay example. Just visit the Market now and tell me if other cryptocurrencies (altcoins) are doing well in the market as bitcoin price is going down. When bitcoin was $125+k Ethereum price was $5+k and now that the price of bitcoin is $87k, the price of Ethereum is $2+k and Ethereum is the second cryptocurrency in the market and if Ethereum is low then others are dust in the market. So I don't know where you get the information that stable coins are more better than bitcoin in term of holding. Wrong theory.

I don't know how holding altcoins is more sustainable than Bitcoin when their is no practical backup to giving us solid hint about what he meant to this created post. For the reason making huge profits from altcoins do not literally mean that altcoins are more sustainable than Bitcoin that have up to 80% control of the crypto market. The price of altcoins can do betterx in movement than what we are seeing from Bitcoin but that do not change the reason that Bitcoin dominate the entire market.
What will happen to the altcoins market if Bitcoin does not move at all, altcoins will definitely collapse including Ethereum and Solana.

[Dunamisx]

You will have to see and learn how holding may not be suitable for altcoins this time, especially at the fall of the markets in crypto, you may regret holding them because not all will eventually rise the same way they fell, but assuming we are in the alts season, this may be expected and we see that they all rise to the required extent we want from them to before selling.

[dzungmobile]

I don't know how holding altcoins is more sustainable than Bitcoin when their is no practical backup to giving us solid hint about what he meant to this created post. For the reason making huge profits from altcoins do not literally mean that altcoins are more sustainable than Bitcoin that have up to 80% control of the crypto market. The price of altcoins can do betterx in movement than what we are seeing from Bitcoin but that do not change the reason that Bitcoin dominate the entire market.

With most of altcoin projects failed and died, in general altcoins are very risky and should not be added into portfolio for holding. Holding altcoins is like holding a bomb that can damage your portfolio severely.

How many cryptocurrencies failed?
The Number of Failed Crypto Coins, by Year (2013-2022).

In this cycle, altcoins are very abundant and the stats with newest updates can shock you more than above reports.

What will happen to the altcoins market if Bitcoin does not move at all, altcoins will definitely collapse including Ethereum and Solana.

Ethereum is truly a strong altcoin but Solana only shows its strength in this market cycle with its magic comeback. This market cycle is a second cycle for Solana and it seems to be enough challenges to test Solana, and add it to list of alcoins for long term investment. Solana is still need more time and cycles to become a safe altcoin for your investment portfolio, it is still behind Ethereum and BNB even Solana ecosystem made a lot of noise in this cycle.

[Popkon6]

In my opinion, HODL applies to all types of coins or assets, Bitcoin and altcoins fall into this category, the purpose of doing HODL is to achieve the profit we are targeting, meaning that whatever the type of asset is as long as the asset has the potential to be profitable in the long run then you deserve to do HODL there, choosing an undervalued coin to be used as an asset for HODL is not bad, but aren't there not a few who end up experiencing huge losses because their assets remain at the bottom?

Have you seen the durability, how long does Altcoin last in the market? You can see from the past to the present that thousands of coins have come into the market and have been destroyed in a moment. So holding Altcoin for the long term is never reasonable, rather holding Bitcoin is the most reasonable and the possibility of gaining benefits is the highest.
Look at the difference in price and durability of Bitcoin from the past to the present, then you will definitely find a difference, so from any point of view, Bitcoin should be held, the risk is much lower, the longer the holding, the lower the risk and the possibility of getting benefits increases the most.

[atookz]

Factually, most altcoins are not yet fully developed and their use levels, productivity, and viability have not been proved yet. There are always chances that altcoins can offer higher returns in case they are indeed undervalued, however, risks are increased. It is also the case that many of the altcoins do not create equilibrium in the long term because they have poor business models, failure to be adopted, or the failure to beat competition. Hodling altcoins is thus more speculative and it is more apt to conduct it with a more stringent selection process as opposed to a general market approach.

I think hodl is more relevant for bitcoin. Although it is indeed overvalued, Bitcoin is superior due to its large network effect, deepest liquidity and position as a digital hedge asset. So it is more suitable for hodl because long term value does not solely depend on feature innovation but on trust and adoption. But actually, hodl is suitable for anyone as long as it is adjusted to the goals, risk tolerance and understanding of the assets held.

[allthebitandbobs]

Definitely not true. Bitcoin has always been better for holding, if you do want to hold altcoins then there are few who will do fine, majority of them will do badly, there are tens of thousands of bad ones, only a few of them are ok, but at the end of the day bitcoin is better than all of them.

Altcoins are not for holding, maybe a couple of them could be okay, but if you are a holder and that is all you ant to do then you have to have some bitcoin as well and think that is good enough. Holding bitcoin alone must be a safest way in this crypto space if you look for worry-free stay. Because, altcoin season may arrive or may not, no guarantee for anything especially in this crypto space.

[laijsica]

Definitely not true. Bitcoin has always been better for holding, if you do want to hold altcoins then there are few who will do fine, majority of them will do badly, there are tens of thousands of bad ones, only a few of them are ok, but at the end of the day bitcoin is better than all of them.

Altcoins are not for holding, maybe a couple of them could be okay, but if you are a holder and that is all you ant to do then you have to have some bitcoin as well and think that is good enough. Holding bitcoin alone must be a safest way in this crypto space if you look for worry-free stay. Because, altcoin season may arrive or may not, no guarantee for anything especially in this crypto space.

Yes, Bitcoin is the best for long term investment. Some top altcoins can be the right decision for short term investment. If you continue your analysis of the market you will realize that very few altcoins have gained the trust of investors in the market.

Some alts may be the right consideration for holding but that is only for a few months or a few weeks. Bitcoin cycles are much more likely to generate desirable returns by forming decent holdings through DCA through discretionary income. Most of the top altcoins fluctuate in price throughout the year but at the end of the cycle the price remains at the same place.

[Barikui1]

As Warren Buffett says — 'Price is what you pay. Value is what you get'.

This is pure bullshit, who told you that his statement is talking about investment in alt coin that are full of shit?

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


HODL is suitable for undervalued coins.

You can easily say something like this because you haven't been burnt before while holding alt or meme, that's why you can easily say something like this, because it has been proven overtime that alt and meme coin falls more than they rise, and one of the ways they use it to milk their community is by inflating the value of the token to an extraordinary figure, then in a very short period of time, It dropped uncontrollably to a point that resulted in significant losses to all those that invested in it, so that is what you are comparing with Bitcoin?
Try and seek knowledge bro, because if you are well informed, you wouldn't be saying this shit.

[8rch7]

Yes, Bitcoin is the best for long term investment. Some top altcoins can be the right decision for short term investment. If you continue your analysis of the market you will realize that very few altcoins have gained the trust of investors in the market.

Some alts may be the right consideration for holding but that is only for a few months or a few weeks. Bitcoin cycles are much more likely to generate desirable returns by forming decent holdings through DCA through discretionary income. Most of the top altcoins fluctuate in price throughout the year but at the end of the cycle the price remains at the same place.

No doubt, for long term investment I think bitcoin is the best choose than holding altcoin how much top of the altcoin get difficulty faster recovery as bitcoin. Maybe we can comparison the current percentage recovery of bitcoin but not the same with altcoin recovery, based on my experienced holding SUI coin during price above $3,8 until right now still drop under $2 although bitcoin make huge recovering. Seems several top altcoin get difficulty for recovering if bitcoin still drop but if get moment bitcoin just few percent correction many top altcoin get down significant.

Better for long term investment put all assets in bitcoin but if want to take profit with short term way invest assets in top altcoin only, some time try to buy new altcoin listing at top market is good way for quite short term profit target but not worth it to be long term investment assets.

[Frankolala]

You will have to see and learn how holding may not be suitable for altcoins this time, especially at the fall of the markets in crypto, you may regret holding them because not all will eventually rise the same way they fell, but assuming we are in the alts season, this may be expected and we see that they all rise to the required extent we want from them to before selling.

Altcoins are for short term profits because their future is not bright. If you're holding altcoins and you see a little profits, it's better to sell than waiting for a bigger profit because you might not see that price again. The bear market is always a big threat to altcoins, some will dump and dump without pumping again.

[elzjmirra]

In my opinion, HODL applies to all types of coins or assets, Bitcoin and altcoins fall into this category, the purpose of doing HODL is to achieve the profit we are targeting, meaning that whatever the type of asset is as long as the asset has the potential to be profitable in the long run then you deserve to do HODL there, choosing an undervalued coin to be used as an asset for HODL is not bad, but aren't there not a few who end up experiencing huge losses because their assets remain at the bottom?

Have you seen the durability, how long does Altcoin last in the market? You can see from the past to the present that thousands of coins have come into the market and have been destroyed in a moment. So holding Altcoin for the long term is never reasonable, rather holding Bitcoin is the most reasonable and the possibility of gaining benefits is the highest.
Look at the difference in price and durability of Bitcoin from the past to the present, then you will definitely find a difference, so from any point of view, Bitcoin should be held, the risk is much lower, the longer the holding, the lower the risk and the possibility of getting benefits increases the most.

I understand what you mean and in my post above I already said that doing HODL on undervalued coins can be quite risky and it is proven that many have suffered huge losses there, I forgot to add “altcoins” in that category but yes that's what I meant.
I am also very aware that Bitcoin is much better to be used as a long-term asset because it has been proven.

[bettercrypto]

Op that means you don't understand the crypto market. Since when I join the crypto world, I have not seen any coin doing well more than bitcoin. Instead, bitcoin control all other coins in the market. Okay example. Just visit the Market now and tell me if other cryptocurrencies (altcoins) are doing well in the market as bitcoin price is going down. When bitcoin was $125+k Ethereum price was $5+k and now that the price of bitcoin is $87k, the price of Ethereum is $2+k and Ethereum is the second cryptocurrency in the market and if Ethereum is low then others are dust in the market. So I don't know where you get the information that stable coins are more better than bitcoin in term of holding. Wrong theory.

I don't know how holding altcoins is more sustainable than Bitcoin when their is no practical backup to giving us solid hint about what he meant to this created post. For the reason making huge profits from altcoins do not literally mean that altcoins are more sustainable than Bitcoin that have up to 80% control of the crypto market. The price of altcoins can do betterx in movement than what we are seeing from Bitcoin but that do not change the reason that Bitcoin dominate the entire market.
What will happen to the altcoins market if Bitcoin does not move at all, altcoins will definitely collapse including Ethereum and Solana.

It really depends on the altcoins we choose and whether they’re actually worth it or have future potential. Of course, if we’re going to pick altcoins,
it’s better to choose the ones that have been around for a long time.

That way, we can at least lower the risks we face as investors. Plus, HODL is a great strategy that many in the crypto community myself included still use today. Even billionaires who believe in Bitcoin and other cryptocurrencies still stick to this method."

[bangjoe]

You will have to see and learn how holding may not be suitable for altcoins this time, especially at the fall of the markets in crypto, you may regret holding them because not all will eventually rise the same way they fell, but assuming we are in the alts season, this may be expected and we see that they all rise to the required extent we want from them to before selling.

Altcoins are for short term profits because their future is not bright. If you're holding altcoins and you see a little profits, it's better to sell than waiting for a bigger profit because you might not see that price again. The bear market is always a big threat to altcoins, some will dump and dump without pumping again.

Almost all altcoins are the same, I agree that there is no advice to hold altcoins in the long run, it will only kill yourself slowly, no altcoin can repeat ATH after the hype period or its latest ATH in one cycle to another, many of these new investors do not have extensive knowledge of the crypto market world they think it will be like doge and ETH and also others before this cycle, which is where altcoins are printed very much every day.

[Baki202]

I don't know how holding altcoins is more sustainable than Bitcoin when their is no practical backup to giving us solid hint about what he meant to this created post. For the reason making huge profits from altcoins do not literally mean that altcoins are more sustainable than Bitcoin that have up to 80% control of the crypto market. The price of altcoins can do betterx in movement than what we are seeing from Bitcoin but that do not change the reason that Bitcoin dominate the entire market.
What will happen to the altcoins market if Bitcoin does not move at all, altcoins will definitely collapse including Ethereum and Solana.

Holding Bitcoin might be the best in the sense that it controls the market, but as long as you hold some reliable altcoin, it is a result of how you manage everything, because altcoins are not really a bad idea. but we need to put everything in place at this point, and some altcoins will even give you more opportunity than Bitcoin, and this is because of quantity, and when you accumulate more profits, you will get that is how the whole system works.

And if Bitcoin does not move at all, then everything will become stagnant in the market because one of the things that the market recognizes most is bitcoin so if it moves, then any other thing will move, and that is why the price of Bitcoin comes down. You will see others coming down also, this is because Bitcoin is the king. if you want an altcoin, then this should not discourage you, they are altcoins that will give you good profit also.

[justdimin]

Altcoins are for short term profits because their future is not bright. If you're holding altcoins and you see a little profits, it's better to sell than waiting for a bigger profit because you might not see that price again. The bear market is always a big threat to altcoins, some will dump and dump without pumping again.

Yep. It's important to define what we mean by 'Hold' exactly. For some, holding means keeping the coin for years, and for others it means holding it for 2 weeks lol. If you plan to hold for years, then it's still better to go with BTC, if the amount you are investing is significant. If you are investing small and hoping for a big payout, then holding alts is best. I have a feeling that SOL will be a lot more valuable in the future.

One piece of advice for anyone who's new to alts and crypto: never hold stablecoins whatsoever. Because the price is already at the maximum and if a bug or anything is found then you lose it all. Just like what happened to USTC overnight.

[Shinpako09]

Well, if you want to double your money, for example, $1k, in a shorter time, I’d go for alts. Doubling that amount by just holding BTC will take much longer. But not all altcoins are good for holding. Even altcoins with utility don’t automatically mean they’re good for long-term holding. Remember, a coin must also have strong support and hype. There are many altcoins that never reach their previous ATH, even during a bull season. Hype is a big factor, no matter how good the project is, if the hype is gone and people move on to a new coin, holding that coin becomes almost useless.

[wiss19]

You will have to see and learn how holding may not be suitable for altcoins this time, especially at the fall of the markets in crypto, you may regret holding them because not all will eventually rise the same way they fell, but assuming we are in the alts season, this may be expected and we see that they all rise to the required extent we want from them to before selling.

Holding altcoins is generally a bad idea, unless you are holding the top 10, which is almost the same as holding Bitcoin. Because the market cap for these top coins is enormous, it's hard to imagine the price doubling anytime soon.

I do think there is some merit in holding good altcoins rather than Bitcoin, though, but firstly they must have a solid plan on how the coin/token will sustain, and secondly, the market cap must not be too big. And when holding alts it's important to make sure you don't hold for too long otherwise might end up all in vain. Hold but be ready to sell immediately once it's the right time.

[Odusko]

You mean the opposite of what you are saying Right, because there is no way that altcoins are better choice than Bitcoin, is not possible or you just trying to be sarcastic in your writing because the topic title gave us up as a Bitcoin community with almost our level of knowledge about Bitcoin and altcoins together saying altcoins is better is somewhat a big joke for me.

[Abiky]

You mean the opposite of what you are saying Right, because there is no way that altcoins are better choice than Bitcoin, is not possible or you just trying to be sarcastic in your writing because the topic title gave us up as a Bitcoin community with almost our level of knowledge about Bitcoin and altcoins together saying altcoins is better is somewhat a big joke for me.

Altcoins are only "better" than Bitcoin for making gains in the short-term. They usually go up during extended periods of hype. Since most alts have ultra-low fees and blazing-fast speeds, they serve as a useful profit-making tool for the average trader/investor. Market prices have remained low for quite some time, so it makes sense to buy and "hodl" prominent altcoins with the hopes of selling them in the future.

I mean, most people are into crypto to make a lot of money. Who actually cares about the core values/principles of crypto? Almost no one uses altcoins or BTC seriously as digital cash. But who knows? Maybe things will change in the future. I'd pay close attention to market movements and altcoins' development progress. Just my two sats.