Topic: Almost every Altcoin down : Here is what you should be doing! (Read 444 times)

Great piece of insight, people get too winded up about the short term volatility. This year is tough on us but in the end it's just a normal bear market as you wrote, and it is less severe than 2014. I also refurbished my portfolio, there is not a single project without a product anymore, these get slammed during a bear market. And I shifted a lot from low caps to high caps.

This is simply too soon, altcoins are going to recover but it is not going to happen at the end of this year, people need to stop thinking this way, what are you going to do when this does not happen? Are you going to sell your coins or are you going to keep holding? Because if your prediction fails then it will be more likely that you sell your coins and selling at a bad price is the worst thing you can do.

The best thing to do is when all of your coins are down is to keep on buying and remain optimistic. But if you can't really take it, just simply leave your portfolio for a day or two and don't look at it.
That font color though. 

One of the ways being mentioned is to re-enter on a lower price so that you would able to get closer into your older entry point which is good but make sure you had bought on the most possible bottom price because if not then you would just end up on adding your losses instead on aiming to make break even.
We do see crashes but we cant assure if the history would repeat itself therefore we should not rely into those boost of emotions and thinkings.
I rather rely on my own analysis than on others, its not bad to have some preferences but always accompany it with your own research before engaging.

Most of altcoin is going down and usually i am cloaing all matketcap ticker. I invest my money which i can afford to loose. So i am not thinking for short term. I know this time will comes when anything on crypto is going down harder i am investing for 2021 and for my daughter. Dont panic...crypto time will come, this year or three years from now.

Absolutely, I also think that now all crypto currency traders and investors need to relax a little and wait for the next active growth phase. Now everything is very tense.

The swing continues and will continue for a long time. Holding altcoins you are always in a high risk area, as the fluctuations of altcoins are many times more bitcoin. If bitcoin falls or grows by 5% then altcoins grow or fall by 10-15%.
So if you already went down holding altcoins you always have 2 options: 1). This is to sell altcoins and fix a loss. 2) it is to sit until the last and wait for the prices to rise again to the level of your purchase, but you may have to wait a very long time.

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As the supply in the market is larger than its demand price of coins goes down. Making the market struggles because of the less demand of coins. The low price of almost every altcoins brings panic to some of the investors causing them to sell their coins. But better cbe patient and staying positive in midst of challenges the market is facing right now can help you gain in the future. Holding coins is the best thing to do. I believe the market will recover sooner or later this year. Let's continue to support crypto for a better future.

Thanks for the tips bro    that is what i am doing right now.. even thou the market is in loss. i'm still buying the dip and wait until it rise again and multiply my investment. Better is to have patience and it will calm your mind and think what is the best next strategy.

Very good suggestion and I also believe that it is better to hold or even buy more valuable coin now that the market is low and you can sell at a higher price when the market recover and the price of coin begins to grow higher than they are presently.

The market is currently experiencing price down and almost all of the altcoins were affected but by this situation we better not lose hope. Instead, we better hold on until the end. As what I have observed the market is trying to surpassed this challenge it is facing right now. We must trust the market and continue to support it.

I think it is your mistake because everyone have decide our own so you only carefully choose the good coin but you made mistake in crypto investment you will be responsible for that. So before to invest one or two times analyse in future growth and if you choose a good altcoins you will  never sell in any situation.

I hold but some coins will obviously die if I sell them now I would make good decision because before they die there should be bull run for them.

The entire market is being cleaned up and corrected right now, no one knows the bottom and there are no bullish signs.
Here's how to really make money, all though the longer it goes on the harder it gets:

1. Wait for BTC to tank, find a good altcoin in the top 150 with enough volume, volume will depend on how much you're trading but 1 BTC I would go for coins with volume over 50 BTC
2. With said alt, wait for the purchase wall to turn green after a good period of red, look at the chart and if you've had a 10%+ crash with BTC dropping it's probably a decent option, check the RSI and if it's over 60 the dip could be bigger than 10%, if it's low your options are safer for less dip.
3. If BTC goes stable and the buys start coming back, buy in.
4. Allow the coin to increase 10% then sell.
5. If you get your 10% quick enough, find another coin which has recovered slower from the dip, lets say the dip took 15% and it's recovered 3% in the time you made your 10% then buy in, sell at 5% gains on this one.

Keep on doing this and you'll make 15% a week, I've made over 30% a week in a few cases doing this, sounds simple and it is, in a month you can be up over 50%, who's been making over 50% a month holding in this market? I'm not seeing it

Will get unhappy responses from this but if you're holding during a bear market you are not doing yourself any favours, swing traders do great in these markets, wait for bull signs before going back to a hold state and if BTC starts to dip get out.

Aim of the game is increased BTC value, when I say 10% dip I'm talking sat value not $$$ value.

if the market is down then we can expect the market to recover if we are having solid coins with good developments then we can wait patiently for price come back or else buy the dips will be good step

And don't forget one thing during dip: buy more. During dip it is one thing you have to do - just buy without thinking. Once btc begins to go up, all you have to worry - how high you gonna wait.

In my opinion, the best thing to do for the situation like this is that buy and grab while coin in lower price. Then if the market would be in the good state then you have the chances to have more profit. Just be patience on the volatility of the market.

Actually this year the market of crypto currency is showing the declining trend in the prices of the almost all of the coins. So investors are in worry what to do. I recommend investing in the crypto currency as well as in the bitcoin because the price is low and there is a probability to increase in price at the end of the year.

When crypto market fall, there are so many complains but I can't see anything when it rise back. LOL. How long this dump will last? How low BTC/ETH/blah blah blah can be? So many threads created dy by day in downward trend )). I think these guys should learn the way to keep calm and try to be able to control their hand to stop creating threads like that. LOL

i hope to see altcoins back on top , later this year...
hope btc and eth will take them with them to moon , maybe december or nov would be a ice time


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I enjoyed this advice, great help to newer members

This is what im doing incase i do lose up or do have negative floating due to bad entry of the price then the market declines. Purchasing or buying tokens on lower levels will definitely narrow the negative you commit.
Having this kind of method will not ensure you anytime and you would have need titanium balls to do such thing because handling the stress factor wont really be that easy.

Panic? Its inevitable where when you do see decline in price its normal for a human being to have such reactions.

You are right in your post people who would have purchased more cheap coins after your post are already seeing some profit and to be honest bulls seem to be coming back now, bollinger bands are also recommending next upward wave, im talking about btc at the moment, if you see daily and weekly charts they are also showing some green trend now and i hope this trend will continue to dominate the market for coming weeks.

keep on buying during the dips and if brave enough trade on it to increase bag

It's silly to panic in the market, which is known from the very beginning that nothing is known. When we enter this market, we all understand that we can make a profit, or we cann't get it, or not get as much as others. Therefore, it remains to observe, take risks, gain experience.

This is completely correct, people panic too easily I know that we experimented a crash but the great fortunes are made after a crash like this, this is why when you see traders in wall street they are very happy when they see a crash since people will begin to sell their good stocks and they can get them at a discount and this is happening in the market of cryptocurrencies as well.

I agreed with OP. At this market situation, it is the best time buy the coins you always wanted at a low price. There won’t be such chances after market recover.

This current market situation is an opportunity to be back to the future. With all the hype gone, and the weak hands shredded, cash is king during this event. If you have funds, buy and accumulate those you cannot afford previously, almost all of the good coins in the market have more than 50% discount.

Now is time of your lifetime to buy. Not now now but now like in next half year maybe even more. It dont matter if Bitcoin is $6000 or $8000 or $4000. No one will care at what price they bought once it will be $100000.   When you talk about portfolio I dont have any ideas. There will be coins that will never recover as they were in 2014 and as they were in dot com bubble crash. Good coins like Bitcoins and Monero will recover and hop in new cycle.

At the same time WCCF Tech publishes an article about new Polaris graphic card by AMD. Analytic prognoses included into this article propose 20% decrease of graphic cards price until winter this year. So, panic or not, but those guys has already incorporated decrease of mining profitability. 

This was a very informative post. This post will help many to stop panicking and to be patient to hold coins. Thanks a lot for posting this.

Well, in a way they kind of are.. Every one of those 2,000 coins you mentioned is based around 1 central coin. That's why when you see the Bitcoin price go down, you usually see all of the other coins go down. That is money moving out of the "market". There is also this thing called a "Market cap" that is the sum of all of the money in the market. So yea, it really is all just one big market.

this here is the heart of the problem. you and most everyone else keep saying "the market" as if all the 2000 altcoins are the same thing moving together! of course we have majority of them getting dumped when the dumping time comes but that is "majority" not all.

instead of fooling yourself with things like "portfolio" and miss the huge profit that is out there, you have to start looking at where the rest of the money is going.
for example those that are making a living from trading aren't just going to sit around and die of starvation because "the market" is dumping! no they are elsewhere making a lot of profit while the newbies bag hold the altcoins that are dumping and calling it "portfolio"

People who are long term investors do not even care if it falls in between as they know btc is volatile and it will fall 10 times and when it rises it goes the far too quickly and you make money in the bull market easily. If you are a day trader you may have to look at the market continuously in order to trade it.

I agree with you suggestions and this is the best step to take to avoid a big loss. If you have spare cash that you want to invest in crypto, this is the best time for you to buy those desired coin and hold them for as long as you make reasonable profit because the current situation of market is temporary and the price of coin will rise higher than it is now when the market recover, just relax and hold your coin patiently.

The wise investors do invest into an assets when the price is down like now and they do sell them when the price is high like December last year.  So what we should be doing now is investing rather than sell.

Don't read news every 5 minutes) Don't check charts every minute) I'm doing this and this is very sad)

The best thing to do now with the crypto prices going down is to buy different altcoins and hold for a long term basis. Since the market is down let us take advantage with it to earn a bigger profit in the future. Many are in doubt now and are selling their coins in a very low value. That is when the investors will take advantage because the weak hands stop holding and start selling.

Although the cryptocurrency market is showing signs of recovery, in the long run, the downward trend is not over so investors should have clear investment plans so that they are not passive in bad situations. However, I still hope that during the end of 2018 the crypto market will explode and create new milestones.

Yes I think people are smarter in taking advantage of the current situation, but in part, panic is inevitable for someone new, not a matter of concern because it is useless if it keeps making the head more depressed, by buying more for a very cheap price then it is a good opportunity, choose a quality altcoin to determine a bright future, then nothing is easy with all this.

I'm more than relaxed now, as I'm 100% sure that my portofolio consists of good coins with solid projects and teams, actively working on their products despite the whole situation on the market. Of course, I have some risky investments (to some conservative hold-strategy fanatics my whole porfolio may seem to risky, as I don't have 90% in BTC and ETH).

Very refreshing perspective, if you look in the very long term we are still in an uptrend but of course the last half year has taken it‘s toll on people and more and more start to resignate, but if you look at the potential of this then you have to realize it‘s only a question of time

Very positive and encouraging thoughts.
 In fact, now many watch the World Cup, many went on vacation to the sea.
You really need to just relax from this market. A lot of positive news and no growth, no movement. It is very strange. I have no plans for ICОs & trading this month.

All the coins fall not only the altcoins fall. You should be same location dont sell or buy anything. I same Everybody hold altcoins dont be fraed.

everyone is too panicked and worried about the current market situation, they can not focus on creating opportunities that they can get. all the op say is true and maybe we can apply it to get a profit in the future.

I believe that this is the time to hold patience and give time in achieving knowledge. Market will be ok but coming days require more experience for trading.

Thank you very much for your suggestion. Your article is very informative and helpful. I think this will help the beginners as well as the old investors.

Hello Guys, looks like the current market crash has got everyone troubled and they cant think of anything but to outburst inside out and hope that when the market will see green spikes like 50%++ and stuff like that. 
Well, thats more than dream come true for any crypto geek here, but I gotta say we have to wait for that opportunity yet.

Here is what you should be doing right away :

- Already got portfolio which is down in the investment ? Then you should add more similar coins into it. Yes, because if you enter the every market with current rates then this would be your starting point and it will give you more % profit than what you are holding today by the time you reach the old entry point.

- This would be ideal step to refurbish your portfolio and easy way to lower your break even point!

- Relax, and think about the mega crashes of 2014 and back then, same outburst feeling was surging through everyone but did you notice everyone did hold their portfolio and today they are big people around the forum. 

- Its good to ask which coins to invest into but you can always go and read about the project to know more insights. Sometime you can do better as coopered to others.

- Hope that relaxes everyone.