Quote from: dimonstration on Today at 01:53:09 PM

Quote from: ILuckyGuyI on May 23, 2021, 08:44:30 AM

It is true that we are seeing many altcoins going down at a very high rate even in a short time period. At this point, the most important thing to do is doing a very good research. Because there are really small amount of altcoins which can be trusted for HODLing.ng

Its been proven that not all altcoins are capable of enduring the dips, some once go down weren't able to go up again like what happens in many ICO projects before who turns out doing exit scam. Better watch out for all the coins your holding or move into safer and trusted coins that endure already many dumps but able to cope up after.

If you want to hold coins for 4-5 years long, altcoins are very risky to keep. Because they can drop down easily even when you least expect it. Yes, if that so, you can try shifting your coins and convert into bitcoin. This time, you will feel more confident to hold even more than 5 years i think. Because bitcoin no matter how often or long the dump season will be, it will always find way to recover and the best part is it's bount to set for its new ATH after it recovers.