Altcoin trading is very bad now. - page 5.

Idrisu

sr. member

Activity: 924

Merit: 260

Quote from: kheysha on October 21, 2017, 11:38:58 AM

when the Bitcoin price keeps going up what are you doing now? hold it or be traded with altcoin.
I'm stuck in a very difficult situation now. I suffered losses in some altcoins that I bought for a high price. some rumors say that prices will be rebound back next month.
However, I'm confused better to hold altcoin and sell it after the price recovers or sell all altcoin to get BCG?
someone please give me some advice Cry

Depending on rumors to make trading decision will make you to lose money as you will always trade out of panic. I will advise you to keep your altcoins as most of them will started appreciating after the hardfork and splitting. Bitcoin gold may not perform very well and sell your altcoins in other to get free bitcoin gold may end you a further lose. I will advise you to watch what will happen before sell your coins. One thing that I am certain of based on my trading experience is that altcoins are going to recover seriously by the middle of next month. Many traders are pumping bitcoin now not just for a free coins but also for what they are hearing on social media and rumors.

chichigirl

sr. member

Activity: 588

Merit: 251

HELENA

Quote from: kheysha on October 21, 2017, 11:38:58 AM

when the Bitcoin price keeps going up what are you doing now? hold it or be traded with altcoin.
I'm stuck in a very difficult situation now. I suffered losses in some altcoins that I bought for a high price. some rumors say that prices will be rebound back next month.
However, I'm confused better to hold altcoin and sell it after the price recovers or sell all altcoin to get BCG?
someone please give me some advice Cry

I am also in that crucial situation. I've never expected to experienced it at the very early stage but i will continue to hold it to keep my investment intact and get a profit after the hard fork.

mobilezz

sr. member

Activity: 602

Merit: 250

Quote from: kheysha on October 21, 2017, 11:38:58 AM

when the Bitcoin price keeps going up what are you doing now? hold it or be traded with altcoin.
I'm stuck in a very difficult situation now. I suffered losses in some altcoins that I bought for a high price. some rumors say that prices will be rebound back next month.
However, I'm confused better to hold altcoin and sell it after the price recovers or sell all altcoin to get BCG?
someone please give me some advice Cry

Hold while, now bitkoin will fall and all sprinkled and people a bit altcoins will lift not differently. But while everyone goes only to the leader, that's the problem.

dmamigo

sr. member

Activity: 1232

Merit: 250

If you are thinking of short term trade or day trade, then ya I would say its risky as of now. But invest for a long time, you would surely see some up trend after the fork only. If the altcoins you are having are common coins, then I would say just hold tight.

peter0425

sr. member

Activity: 2618

Merit: 439

Quote from: kheysha on October 21, 2017, 11:38:58 AM

when the Bitcoin price keeps going up what are you doing now? hold it or be traded with altcoin.
I'm stuck in a very difficult situation now. I suffered losses in some altcoins that I bought for a high price. some rumors say that prices will be rebound back next month.
However, I'm confused better to hold altcoin and sell it after the price recovers or sell all altcoin to get BCG?
someone please give me some advice Cry

Just better hodl on your altcoins now and don't sell otherwise it will only make you bleed for more. We all know that traders are shifting to bitcoin now in anticipation of free money from bitcoin gold. Just wait till everything settles after the bitcoin fork. I'm sure that altcoin trader will shift back to their favorite coin. So you have better chances of regaining and covering your losses today. Just continue to hold and be patience my friend, on the other hand altcoin is bleeding might be a good time to buy and enter the market with discounted price. Grin

DaMut

sr. member

Activity: 1274

Merit: 263

if you're already store a lot of altcoins,
or we can say it all in into it,it would be better for you to hold it right away other than get rid of it.
it's not really good enough for you to sell it just want to get a free coin from the chain split.
to be honest,in my opinion it's the best time to get into altcoin.
because our pump caused a lot of altcoins underwater,but bear it in your mind that everything will be back shortly after the price is decreasing.
Bitcoin will never pumping forever and someday it will be decreasing/declining due to exhaust.
just keep holding it and sell it higher than your buy order

Agozyen

sr. member

Activity: 672

Merit: 252

Until the end

Quote from: kheysha on October 21, 2017, 11:38:58 AM

when the Bitcoin price keeps going up what are you doing now? hold it or be traded with altcoin.
I'm stuck in a very difficult situation now. I suffered losses in some altcoins that I bought for a high price. some rumors say that prices will be rebound back next month.
However, I'm confused better to hold altcoin and sell it after the price recovers or sell all altcoin to get BCG?
someone please give me some advice Cry

Never chase a coin. If you have to ask others or advice on this then you need to HOLD. Chasing profits will get you nowhere. If you want BTC Gold then invest more cash into BTC, don't sell your alts at a loss. History says that the alts will bounce back.

Also, you havn't lost anything until you sell.

MissionPhailed

hero member

Activity: 583

Merit: 503

Don't forget the fact that SX2 is right around the corner so value of altcoins might be under pressure for a while longer. Personally I'm not gonna touch alts even with a broomstick this month. I quickly looked at some prominent alts on coinmarketcap (ETH, Waves, Lisk, etc) and most of them lost between 5 and 10% again relative to BTC in the last 24 hours.

Disagreed with your title btw: the dropping values actually might yield a very good trading oppertunity with alts!

JTTech

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Activity: 227

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PRiVCYM4tters🕵🔐PRiVCY MOD🕵

Right now seems like a very good time to buy up any altcoins you've been following and considering picking up. I believe alot of people are transferring their money back into BTC for the upcoming fork. I'll be buying up a bunch myself. Definitely not a good time for overall trading though.

mobnepal

legendary

Activity: 1218

Merit: 1006

- If you have some bitcoin right now than keep it in your paper wallet before 25th oct and than you can sell all your bitcoin after fork.
- If you have some fiat right now than its better you buy some alts with half of your fiat and wait to buy more if it will be dumped more after fork or before fork.
- Don't sell any of your altcoins at current low price for loss being greedy about bitcoin gold.
- Don't sell all your bitcoin at current price, sell half of them if you want and hold half to get free bitcoin gold which you can sell when listed (its free money).
- Always calculate loss or profit you will make from crypto trading in terms of fiat and always convert your profit in USDT.

tyuner4

full member

Activity: 322

Merit: 179

I will hold altcoin even if the prices are falling since I know the reason is because of BTC fork and Bitcoin Gold.

I buy more of the altcoins at time like now, because the prices will go up after the fork.

mk4

legendary

Activity: 2870

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Paldo.io 🤖

Your title: "Altcoin trading is very bad now"

Not because altcoins are in a sort of bearish trend right now it doesn't mean it's bad for trading. Definitely bad for long term holders that bought at the top, but take note: you definitely can still take advantage of a bearish trend. It's Just that of course you really need to find really good entry points and exit points.

cioloxl

full member

Activity: 238

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I'm trying to study the best alts to get into until the fork. It's the perfect time to buy these dips. Sys, neo, eth, ltc and a bunch others that are looking very appealing.

Aura

sr. member

Activity: 518

Merit: 268

I think the most of the stable alt coins will recover after the fork.
But with after I mean, any moment after the fork, it could be 12 hours or 2 months.
Cryptocurrency trading is like the stock market, you can never do accurate predictions.
However alts like Ethereum, Litecoin, Monero and SIA have potential for the future, so my guess is that they will recover when the demand is more spread.

alex_rada

full member

Activity: 203

Merit: 100

This is bat country!

Just give it a few days, everything will recover soon. Also, take advantage of these dips and buy your favorite alts at nice prices.

rodalutor

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Activity: 364

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WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

Alts will surely rise following BTC gold fork in 4 days, hold on to them until then, in fact invest even more if you can. It's unlikely they'll recover to previous highs anytime soon but a large recovery is incoming.

otunayode

full member

Activity: 462

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Average down on your holdings. The way to average down is to double or triple the amount you have in your wallet at very low price. Any slight appreciation will make you recover fast and put you in profit.

Fen1ks11

newbie

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I think, altcoins will grow after appearing of BTG Roll Eyes

kheysha

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Swarm Token Sale begins on September 7th at 16:00

when the Bitcoin price keeps going up what are you doing now? hold it or be traded with altcoin.
I'm stuck in a very difficult situation now. I suffered losses in some altcoins that I bought for a high price. some rumors say that prices will be rebound back next month.
However, I'm confused better to hold altcoin and sell it after the price recovers or sell all altcoin to get BCG?
someone please give me some advice Cry

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