Altcoin Bagholders Support Group

[tokyoghetto]

Lets get together and talk about the giant bags of shit/scamcoins we hold.

We can use this thread to discuss:

-what giant bags are we holding
-How we got suckered into bagholding
-How are we dealing with the burden of bagholding
-what do we plan to do about the bags we are holding
-how others can learn from our mistakes and avoid repeating them.

The one coin I am currently bagholding now is Shieldcoin (SHLD). I quickly glanced the thread and thought that the tech presented looked good. I saw it trading on bittrex in the high 50ks SAT and decided to put in a buy order around the 30K sat, looking for a flash dip and cheap coins. I think it was a buy order for 4k SHLD worth about 1.25 BTC. It was late afternoon and since being funemployed has its perks, decided to take a nap. Wake up a few hours later to the flash dump on a FUD campaign that was launched on BTCTalk and Twitter.

I am still holding this bag as a lesson. I consider my 1.25 BTC Loss a lesson. I should review the material presented to me more carefully. I should be more active in my positions and keep hitting that F5 key in the thread to keep up on any news. I should monitor the exchanges more carefully and look for any sudden changes in price and/or volume.

The one thing I won't do, is skip my afternoon naps.

My name is tokyoghetto and I am a Shieldcoin Bagholder.

[pikabit]

5000 Mazacoin or so, 50 AUR.. please help

[cassius69]

none. i dump them.

i would rather face up to the loss then become a bagholder/cheerleader/asshole

i admit i fucked up and settle my accounts! im a lot happier that way! 

[bubble83]

none. i dump them.

i would rather face up to the loss then become a bagholder/cheerleader/asshole

i admit i fucked up and settle my accounts! im a lot happier that way! 

The first piece of advice I found on these forums was "you only lose if you sell", which turned out to be the shittest piece of advice I have ever been given. I wish I had sold most of my shitcoins at a loss, rather than holding them until they were practically worthless. My name is bubble83 and I am a multiple shitcoin Bagholder.

[Amph]

sell always at the first pump, usually is the big one

[bubble83]

sell always at the first pump, usually is the big one

How dou you know when the peak of the pump is, or does it even matter if you are making some profit?

[Amph]

sell always at the first pump, usually is the big one

How dou you know when the peak of the pump is, or does it even matter if you are making some profit?

tha's hard to know, but you see when a coin is pumped, you can sell around..100% pump? many coins don't rise much

[El Dude]

Let /r/Dogecoin know about this support group.

[Joshuar]

I bought 1.6btc worth of vertcoin at .00128 and .0008. I failed to sell at the pump. Now vertcoin is being trading at .00028 and going down 3% everyday. My name is Joshuar and I am a Vertcoin bag holder.

[nutildah]

LOL. I got stuck with almost 100,000 Hawaiicoins when it suddenly disappeared off Bittrex with no warning.

Its weird. I am holding a dozen bags ranging anywhere from $2 - $60 in value each, and I know they are bags, and I watch them go down a little bit almost every day -- all signs point that I should dump them, yet for the most part I can't bring myself to do it.

Initially my plan was to collect and hold coins I thought had a chance at making it in the long-term, and if all else fails I can use them as a rarity or a collectable someday. Except unlike gold or pogs these things can break down and never be fixed.

Here's coins I like that I can't bring myself to dump yet because I am still holding on to irrational hope that they will see renewed interest:

AC
CINNI
DOGE
EMC2
MRY
POT
UNO

Here's coins that I think are truly innovative but have been kicked in the shins too much recently so I scaled back my holdings (wouldn't call them "bags" just yet):

BC
DRK
LTC
MYR
NXT

Here's the two coins that actually went UP in the last month or two:

NMC
XCP

Here's a pile of shit that I can't explain why I still carry around:

NAUT
RZR
VRC

[Joshuar]

Let /r/Dogecoin know about this support group.

You wouldn't believe how much I laughed at that comment. Lol!!

[cinnamon_carter]

with the exception of classic alt coins or ones which i have participated in the development of i hold few large quantities......

usually best to dump as soon as they go to market or in some cases there may be a pump or two.....the longer you wait to dump the more risk the

developer vanishes.....

if you really believe in a coin as an alternative to bitcoin or one of the majors you should be happy to hold and mine that coin no matter what the value.

[Triffin]

When did we go from 'hodling' to 'baghodling' ??

I've got a big 'ole bag of TiPS
Looked promising .. great symbol .. no dev  ..

Part of the problem is we just don't have enough coins to choose from 

Triff ..

[tokyoghetto]

what was it about vertcoin that made people invest at the highs and why has it dropped so much?

That is one painful bag.

I am also bagholding 30k of SUPER. But it was a free bag. I got my initial investment + profit dumping some at the highs (around 10k SAT).

held on to 30K SUPER to stake but after the Mintpal pump and dump the dev disappeared and SUPER lost its momentum. I still think it might go higher but I am starting to doubt it.

[1Referee]

sell always at the first pump, usually is the big one

That's what I did with darkcoin, bought at 0.003 and sold at 0.0055

And then it went over 0.02 LOL

[pikabit]

Anyone holding Flappy? oh god lol 

[pikabit]

Let /r/Dogecoin know about this support group.

You wouldn't believe how much I laughed at that comment. Lol!!

Im GLAD I sold doge.

[tokyoghetto]

Let /r/Dogecoin know about this support group.

You wouldn't believe how much I laughed at that comment. Lol!!

Im GLAD I sold doge.

were you bagholding at the time you sold DOGE?

[bubble83]

So much for to the moon.

[Stinky_Pete]

Bullcoin, Altcoin (ALT) and Inkcoin - no markets