Post
Topic
Board Altcoin Discussion
Re: The Need to Reconsider Holding altcoins
by
surgical_duude
on 30/11/2019, 18:56:47 UTC
The altcoin markets has been favorable to few but not all. it is presumed that the early and private investors rake out big cash on New and old altcoin projects leaving many projects at the mercy of the cryptomarkets for survived.  Although Most altcoins that has gone down below ROI to the verge of disappearing from the market are increasing daily.
One of the ideology we all know about the cryptocurrency is the knowledge of Holding back some altcoins we believed that will do well in the long run. it is an interesting thing to NOTE that these TWO Altcoins made me have a strong feeling that cryptocurrency can be a fortune if you are lucky to invest on it

BLOCKV
 https://coinmarketcap.com/currencies/blockv/

and
THORECOIN
https://coinmarketcap.com/currencies/thorecoin/

A closer look on these two altcoins will make you have a rethink about holding some altcoins, what to hold and Not to sell off everything if you have to sell. Both token raised from zero usd to a high price. even contesting with the top 100 coins on CMC. i am sure there are other altcoins that made this moves in the market but it's quite unfortunate that few people are holding such while some has sold off.

So, before you make that decision of selling off everything that you have in wallet because the market is down and out. please reconsider before you regret your moves. you might be holding a token that worth millions in the next 2 years.

Altcoin now is a vast category to generalize as one. Many of the altcoins have performed better than bitcoin.
Investors should study the coins they are intending to invest on and diversify between different nature of coins and priorities the high cap coins if you are looking for safer investment.
It's really hard to judge an altcoin at the moment.  But maybe altcoin is in its recovery phase, we only know hope when this trend comes back again or it becomes shitcoin.