Cryptocurrency enthusiast Willy Woo is skeptical of alt strategy for strings. Trader commented on his position on Twitter.
HODLing altcoins in 2019 is pointless
A cryptocurrency trader and expert, Willy Woo, said that altcoins walking would not be profitable. This is reported by cryptocurrency news. According to the trader, in 2019, storing coins does not make sense:
“HODLing altcoins in 2017 is how to speculate on a technological dream behind the wheel of a Lamborghini. And walking them in 2019 is like looking at the regulatory documents of a large enterprise, checking the pockets for money to get home by bus.”
Traders choose the strategy to keep the acquired asset while its value is reduced in the market. AltcoinAltcoin
– are the common name for all cryptocurrencies (except Bitcoin).Details owners hope that after some time, the cryptocurrency rate will begin to grow. However, altcoin storage tactics have drawbacks given the fluctuations in coin prices. Cryptocurrency can drop to zero without price recovery, and the owner is left without a profit.
Interesting in the section: Why altcoin exchanges stop working: dates, reasons, withdrawals
During 2019, altcoin exchanges stopped working due to the lack of activity of traders. Analysts noted that many platforms could not cope with competitors.