- 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.
That's right. It is necessary to follow up your investments and not leave it to chance. One might be verily dissapointed if after several months of expecting your investments to have yielded bountifully, you eventually find out that the coin has been delisted or it is even worthless
Checking up on your coin status is very important to avoid disappointment. Besides, it will help you make certain reasonable decisions to salvage the situation the moment you realise something is wrong so that your losses can be limited