- You might end up holding dead coins if the project gets abandoned
- You might miss swaps and end up holding worthless tokens
- Delisting of coin/token and you miss the withdraw period (in case you store coins/tokens on exchanges)
Take time to follow news/updates on the coins/tokens you invested to minimize the above listed risks. Checking up their telegram/discord/social media once or twice a month will help.
Those are actually true. In my opinion, long term holding are only good for pioneer coins like bitcoin and ethereum. Holding altcoins or token for a long time might not be a good idea because its not yet established itself in the market. A lot of things can happen. It might end up worthless and you will gain nothing. Day trading is more advisable when dealing with tokens and altcoins.