Dont be fooled by the market | Bitcointalksearch.org

Chuky92

copper member

Activity: 966

Merit: 5

Quote from: allaking on August 22, 2019, 01:07:34 PM

A friend of mine who is a holder of ethereum and xrp once told me he has lost confidence in the altcoins because it has nothing to offer and the altcoins always follow the suit of btc. The rate at which it is going down has brought fear to him. And I believe he is not tge only one thinking tge same way. If we are to open a floor for people to share their experiences and thought about altcoins, you will be amazed. But one thing I always tell him and I believe it goes for all those who share the same thought with my friend is that never lose confidence. This is not the first time altcoin market has done this. There is good days ahead and the market shows. I believe this is the time to buy and hodl more of altcoins like eth and xrp. Enjoy it while it last because it may be too late some days ahead.

In a nutshell, never be fooled by the market today. Look at the bigger picture and hodl for the future. Altcoins all tge way. I am for altcoins.

Your friend should understand that he hasn't lost unless he sells lower than he bought. Also, he should understand those two token aren't like others because there is a reason why they have been at that position or rather unbeatable for a long time despite the market conditions.
Furthermore, should he try to invest in altcoins again do well to make him understand the volatility of this space as well as making adequate research so as to invest wisely. There are really good altcoins out there if one research cautiously and wisely.

ololajulo

sr. member

Activity: 2240

Merit: 270

SOL.BIOKRIPT.COM

There are predictions that the altcoin market could be like this until bitcoin surpass previous ATH again but during this time, most of the coin will die, some might likely combine to generate trade volume if they can be sustainable. IMO it is important that some altcoins die to sanitize the space and bring confidence to new investors, we might also need regulation for crypto startup that demand project prosecution of its roadmap.

prehisto

full member

Activity: 882

Merit: 112

Your Data Belongs To You

Confidence is a good thing, confidence should be backed by good. realistic arguments.
Stupid confidence on other hand could end you and make all of your money disappear pretty quickly. I am not beting on ETH, there are some alt-coins or few niches of alt-coins in which I believe in but not ETH.

enhu

legendary

Activity: 2492

Merit: 1018

The life of altcoins are also up to the community who believes to it. If you are fooled twice, and you still hang on then shame on you.
ETH and XRP are top coins why would that disappoint your friend the market has been this way since 2018, he can obviously see the two are still on the top rank. The possible answer I guess is his patience to this altcoin bear market.

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: allaking on August 22, 2019, 01:07:34 PM

A friend of mine who is a holder of ethereum and xrp once told me he has lost confidence in the altcoins because it has nothing to offer and the altcoins always follow the suit of btc. The rate at which it is going down has brought fear to him. And I believe he is not tge only one thinking tge same way. If we are to open a floor for people to share their experiences and thought about altcoins, you will be amazed. But one thing I always tell him and I believe it goes for all those who share the same thought with my friend is that never lose confidence. This is not the first time altcoin market has done this. There is good days ahead and the market shows. I believe this is the time to buy and hodl more of altcoins like eth and xrp. Enjoy it while it last because it may be too late some days ahead.

Your friend has a valid reason to fear what's going on with the altcoin market. After all the price of Bitcoin has somewhat recovered from the debacle of 2018. And yet why are the altcoin market is still bleeding and not follow the trend of Bitcoin? The only thing that I can think of is that there are many people who have lost confidence of most of the altcoins, even XRP and ETH because it seems it can't even get to where investors are expecting it to be at this point.

Quote from: allaking on August 22, 2019, 01:07:34 PM

In a nutshell, never be fooled by the market today. Look at the bigger picture and hodl for the future. Altcoins all tge way. I am for altcoins.

Of course, we need to think positive here and be patience on the altcoin market. I'm sure majority ouf us here has not seen how bleak altcoin would still be in 2019. So be optimistic and look for the long term benefit we can get from it in the next two or maybe three years down the road.

aemma

copper member

Activity: 966

Merit: 14

What really caught my attention was he is holding the two top altcoins. I might not be in his shoes to understand him but as a holder too I believe in those coins especially ETH. Like I always tell my friends who asks, I have come too far to give up especially when it comes to coins dropping in value. Since he is holding this two coins he shouldn't worry more as they (coins) have proven their value by maintaining their positions till now against all odds. Good a thing he wasn't holding coins with no use case or nothing to offer at all.

ghermghuda

jr. member

Activity: 284

Merit: 5

That's true buddy. I haven't been in the industry for long but I've been a witness of the longest bear market so I can attest to the fact people have seen worse. Having confidence is the best thing to do.

lousie9

sr. member

Activity: 1680

Merit: 263

Quote from: ?? on ??

Sometimes you gotta be driven by the market. The market is the whole picture itself. You're inside the market and you might need to adjust strategically and not that market will adjust according to what you want. There's fairly different between adjusting according to market and adjusted by the market.

It is true that the market itself has a big influence in adjusting everyone and is not always able to change according to our wishes. It's important to consider what we are going to buy or sell, especially the top Altcoin whose prices are relatively high, as much as possible not quickly drift, but be prepared when something bad happens in price development.

buyasicru

member

Activity: 658

Merit: 11

already told in another topic: altcoin season will started in september! just HODL

DarkDays

legendary

Activity: 2030

Merit: 1189

Quote from: allaking on August 22, 2019, 01:07:34 PM

A friend of mine who is a holder of ethereum and xrp once told me he has lost confidence in the altcoins because it has nothing to offer and the altcoins always follow the suit of btc. The rate at which it is going down has brought fear to him. And I believe he is not tge only one thinking tge same way. If we are to open a floor for people to share their experiences and thought about altcoins, you will be amazed. But one thing I always tell him and I believe it goes for all those who share the same thought with my friend is that never lose confidence. This is not the first time altcoin market has done this. There is good days ahead and the market shows. I believe this is the time to buy and hodl more of altcoins like eth and xrp. Enjoy it while it last because it may be too late some days ahead.

In a nutshell, never be fooled by the market today. Look at the bigger picture and hodl for the future. Altcoins all tge way. I am for altcoins.

No, this is the first time Bitcoin has gained almost 70% dominance against altcoins, your opening statement is complete BS.

Ripple, XLM, TRX etc, they're all in losses in the last year, and Bitcoin is growing as people are starting to see that these altcoins can't deliver on their promises.

Bitcoin makes no promises, there are no expectations to break, just pure unrestrained progress.

dump your bags before you get completely rekt.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

“Be Fearful when others are greedy and greedy when others are fearful.” -Warren Buffett

lixer

hero member

Activity: 2646

Merit: 586

They ought to have learnt from the history of how many people were fooled by the market and development of bitcoin at the early stage, which they got so much fooled into believing that no good thing will come out of bitcoin, some even lost their wallet keys, while some threw it away, but years later, we see how most of them are now biting their fingers now in regret.

In a nutshell, I quite agree with you that this is repeating itself again in altcoins, many people are giving up now thinking the altcoin market would be dyeing anytime soon, but we really should wait for their time, and I know that the waiting will not be more than 2 years again now for us to start seeing some great increase in the investment that we have made in altcoins.

martina14

full member

Activity: 1190

Merit: 111

I will never be fooled by the market as i do my own research.
In term of Ethereum there is a big hope and that is a hundred percent that another ATH will be come soon.
It is just a matter of demand from the people due to development of the token.
BTW... DONT BE FOOL by the XRP and not the market!

2Kool4Skewl

sr. member

Activity: 644

Merit: 250

I believe that the market will never be stable. He will always change. I think that you need to be prepared for this and adequately respond to the market. There can always be green areas.

whatthesith

copper member

Activity: 301

Merit: 10

simply getting the job done

Everyone is waiting for the altseason. But do you really believe that will come? Wouldn't it be high and certain profit? And such profit doesn´t exist!

el kaka22

legendary

Activity: 3654

Merit: 1165

www.Crypto.Games: Multiple coins, multiple games

I have been involved with crypto for over 6 years now, I have seen days when ethereum didn't even existed, I have watched ethereum having its hard fork, I have seen bitcoin move from 30 dollars to 150 dollars, it has seen at most 20 thousand dollars. Basically I have been around long enough to see most important things of bitcoin aside from it actually going a bit mainstream with that first less than 1 dollar times to over 30 dollar times.

I still have hard time getting not fooled by the market sometimes, I never fully go out and I always have some crypto stashed somewhere but the market makes me feel like it could go down anytime and I really think that I should get out and use that money on more stable investments time to time, I haven't done it in the past 6 years and I doubt I will do it ever but it just makes me feel like that so I can understand newer people feeling like that.

magnum cyber

member

Activity: 775

Merit: 11

don't make quick decisions, remember that the price of coins won't be at a low price forever, they certainly still have a chance to go up someday. especially if you have potential coins, I think you don't need to worry or complain. all you have to do is stay patient and wait for the market situation to improve again.

MascharonoM

jr. member

Activity: 216

Merit: 1

Don't be depressed and try to give consolation to your friend. Market rate may differ from time to time. I think it will increase again to back to his own pavilion altcoin. Carry on!

key4co.in

hero member

Activity: 812

Merit: 503

I absolutely agree with you, the market situation presently for altcoins is making people dump their coins at loss, without thinking about what the future holds. I was astonished at the massive XRP dip which looked more like manipulation. Many people think since the ICO era has past, of which ETH was the main currency accepted for most, that ETH won't be profitable to hold for long term. This is definitely not true in my opinion, since I strongly believe the future holds great things for ETH. There are a few other altcoins (LINK, EOS, TRX) with great developmental progress I'm accumulating for long term aside ETH and XRP.

Tarion

member

Activity: 224

Merit: 12

The funny thing is that only small amount of people has understood that the market runs in cycles and if you are holding a coin, some day it is going to return to its best price and maybe would make even bigger success in the future.

Topic: Dont be fooled by the market (Read 451 times)