Post
Topic
Board Altcoin Discussion
Re: Some Risks Of Long-Term Hodling Alts
by
arpon11
on 09/07/2019, 07:19:08 UTC
  • 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.
Holding some coins especially those new coins that did not have any viable products and services is one of the investment decisions you can make and regret. I have over 100 different altcoins that i have been holding since may and July 2017. I did not sell them during 2017 altcoins boom but keep holding them with the mind that in no time all of them will appreciate and i will become a million but since the middle of last year all of them keep going down  and the majority has been abandon! There is no viable developments and some of the developers are now on another project entirely. It is not actually advisable to keep holding altcoins especially when you know there are dying.