Are there still people holding worthless altcoins?

[WatChe]

Once in a while, there are altcoins that gives a decent profit but yes most of the newly launch altcoin today are just for money grab.  I also have lots of tokens that once had a lively market and now is sitting in my wallet worthless.

There is one lesson to learn here, in the altcoin market, once we see a good profit in hand, we must sell them, else, just like many of us who frequently investing in altcoin, will end up with worthless altcoins in our wallet.

I have also seen alts that once have decent market cap but with time they lost all that market cap and now are no where to be seen in the crypto  market. There are only few alts which we can invest for long term like Eth, rest of alts are recommended for short term only. Which means you need to quit an alt, when you are getting decent profit and don't wait for further increase in price. It's only Bitcoin in crypot market whose value keep on increasing with time and its useless to expect same pattern from any alt.

[Freeveto]

There was a time for altcoins when it was possible to make a lot of profit but that time is not there anymore. If that time was still there then a lot of good profit could be made.

There are some tokens in the wallet that have become useless and have no value. Do you still have any altcoins in your holdings like this that currently have no value at all?

If you still have hope on the coins, you can still hold them because it is the bear market that affects the price of the coins, and you probably don’t expect the project to go this dip, but now that they are worthless, they can still get some value when the new bull run comes; even if you will not be in profit, you can recover some money and still make profit in some of the worthless projects.

Furthermore, when buying coins, it is good to check the project very well so that you will know project with strong community and good value to the community, so that it can survive the bear market.

[M47AK16]

There are those who still believe such tokens can recover their price, so they can finally sell for profit. At same time, there are also those who continue holding because they see no point in getting rid of them, since no good at all can be achieved through this.

In my personal case, I still have many SLP from the time I played Axie Infinity, but considering the price I used to sell during the ATH, I don't feel motivated to sell it right now, because low profit will be made. Then the tokens remain stored.

In your case of the SLP tokens, do you think the price will come back up to make selling worthwhile?  If not, would it be better to sell now than to risk further profit loss?  If I'm looking at the right token, I see ATH was $0.41 USD but is now $0.0007 USD.

To be honest, I do not really think SLP token can come back to as high as 41 cents. The most it can still touch seems 20 cents and that is where I would sell my shares. Selling at the current price is already bearing a huge loss. I assume you can still take some risk and keep holding to see if you can at least recover your loss. Instead of selling at loss, it is always a better option to keep holding for a really long duration and try forgetting about that investment.

You can keep those funds locked for a few years but can set a few take-profits. Stop loss might not be that important because the price is already at a rock bottom and I don't think it can slide further.

[Delaforetnoire]

OP, I have like three different alcoins specifically two are memecoins but I too ashamed to name them because I had them when I didn't know much about the cryptocurrency stage, I left them there without selling because I knew they would be worthless and it's not worth the stress, maybe seeing this post will make me go back to check on them but now I deal strictly on Bitcoin investment.

Sometimes when I look at the coins, I feel very regret because bought them at high prices and they are lying in dead condition. If the tokens lying in dead condition had value then I could redeem a good amount of dollars, but I am sure that opportunity will never come again.

[jaberwock]

Yeah, I still hold a few altcoins which are worthless now but I still have some hopes. I am not expecting any good returns from those holdings but want to see if things are really change here in cryptos? The altcoins I am holding were worth less than a hundred dollars but now they have simply lost all of it's value and is sitting worthless in my wallet. These tokens do not really harm my wallet so I would not offload them and keep holding for a few more years expecting a miracle.

But yes, altcoins and tokens are a tricky business now. Not all of those coins is going to make you earn profits. The time spent in research is way more as compared to the past because sorting these coins is just getting trickier.

[Odusko]

Some of the investors still holding worthless coins, those altcoins that have totally lost their value are all holding them because they have hope that either the project get a revive later in the future or just hope that after the bear market there is going to be a general altcoins season that could wake up their dead elephant coin.

They are trapped into holding those coins with no choice, the last few years back there have been alot of hypes in the altcoins market, this created some false hopes in newbies investors who bought a lot of those coins without proper consideration and planning.

[Findingnemo]

As you said it is zero already and if it is a token then moving/buring would require real money to spent for it so better keep it as where it is. I also had a lot of coins and tokens a long way back which are not just some random but mostly hyped at that time but then it eventually reached zero that is why I lost trust on shitcoins and move to bitcoin only mode.

[kawetsriyanto]

There was a time for altcoins when it was possible to make a lot of profit but that time is not there anymore. If that time was still there then a lot of good profit could be made.

True. In the past, we could get huge money from varied altcoins. Now, we still can get good money from altcoins but it is from certain altcoins only. I myself only can get good profits from top altcoins, I rarely get profits from random coins or small coins. Considering this change, we need to be more careful in altcoin investment.

There are some tokens in the wallet that have become useless and have no value. Do you still have any altcoins in your holdings like this that currently have no value at all?

I also still have useless tokens in my wallets. I don't care with them anymore because they are likely dead tokens. Many tokens have no future anymore because of many reasons. Some of them failed because of the competition among altcoin projects, others failed because of the bad quality of developers or even the developers are scammers.

Sometimes when I look at the coins, I feel very regret because bought them at high prices and they are lying in dead condition. If the tokens lying in dead condition had value then I could redeem a good amount of dollars, but I am sure that opportunity will never come again.

The best way is never looking at our useless coins/tokens. There is no value to look at them anymore, it just rises the regret. There is no way that we can do to the useless tokens.

[Alonso_]

Some of the investors still holding worthless coins, those altcoins that have totally lost their value are all holding them because they have hope that either the project get a revive later in the future or just hope that after the bear market there is going to be a general altcoins season that could wake up their dead elephant coin.

They are trapped into holding those coins with no choice, the last few years back there have been alot of hypes in the altcoins market, this created some false hopes in newbies investors who bought a lot of those coins without proper consideration and planning.

That is quite true, there are people who must have invested some reasonable amount of money into some altcoin and it wouldn’t be very good for people to invest and loose money, so they will still definitely be keeping hope alive while holding the altcoins rise again, but what I don’t understand is that do they still keep buying and staying consistent in buying those altcoins.

There was a certain time I bought an altcoin and this altcoin made waves in the market, people made some profits some people refused to sell and hoped for more profits, well I decided to sell mine, after selling for the short time profit few months later the altcoin started showing weakness, the project was looking more like a failure.

Some people must’ve lost their money, and some people must’ve made profits as well, and there are still people who must be holding that altcoin and still feeling like their is hope for them in the future, hoping the altcoin is going to make massive wave again, so nobody knows exactly what is going to happen, you just have to keep hope alive.