Post
Topic
Board Altcoin Discussion
Re: Don't lock your tokens away
by
Reid
on 12/03/2022, 14:58:06 UTC
I know we have determined newbies among us this days that have developed a strong holding (HODL) habit in themselves, I have an advice for you as a crypto holder and I hope you listen.
Do they? I thought they are just playing around and trying to mimic the ICO history where investors tried to shoot for the moon in just a small amount of time. Ended up as mostly scam projects.
Do not hold your tokens for too long without looking back, I have lost some this way because later they move to main chain running on separate blockchain, imagine if you decide to check the progress of that project only in 2024 and you see that you've missed out on swapping your old tokens to the new coin..
Indeed that is right. You can keep holding it but be refreshed with the new things about the project/coin you are holding. I think those coins that also created their own soft wallets should not be doing any swaps or if they, the investor should not have a problem if he miss it especially if they are promoting to hold the coins for a longer period of time.