Dont be fooled by the market - page 3.

kawetsriyanto

legendary

Activity: 2226

Merit: 1086

duelbits.com

Quote from: auntyjmary on August 22, 2019, 03:23:50 PM

It is always better to hodl whenever you see a rapid fall in any altcoin like what is happening to ethereum now.

For top coins, I agree with your opinion to hodl whenever a rapid fall happens. While for new altcoins, I am not sure to hodl, learn carefully what is happening. If the project is not promising enough or it is likely to be dead coins yet a low interest from investors, then you may consider selling than losing everything.

Quote from: auntyjmary on August 22, 2019, 03:23:50 PM

Patience and persistence is very key for any individual who wants make it with altcoins.

Yes, especially for long term investors, patience is a must and don't be easily influenced by others.

anjho.ace

full member

Activity: 371

Merit: 100

People are still looking on the graph of 2017 and they still can't believe that this is happening now.
We did it that year and still can happen once more or even more than once.
We should have trust and patience. We will be better that 2017 soon.

jossiel

hero member

Activity: 3150

Merit: 636

DGbet.fun - Crypto Sportsbook

I'm holding altcoins and I was able to sustain the status of my portfolio through bigger part for bitcoin. Your friend probably gave up since those two coins didn't moved that much and he might be expecting something in return while bitcoin is stabilizing.

XRP didn't moved and instead it has went down.

ETH moved but it struggles to maintain higher position on $200.

FireBallex

member

Activity: 462

Merit: 19

We cant force people where to invest their money but im sure many will regret selling their altcoin in the near future,if people are doing better research they should have understand that we have very good altcoins that are actually better than bitcoin so instead of creating a diversified portfolio they sell all their coins for bitcoin

Sharon121212

full member

Activity: 280

Merit: 215

Quote from: allaking on August 22, 2019, 12:07:34 PM

Forgive me if am pessimistic, altcoins are going down and it's not getting much better either
This stories of hope is just what it is a mere stories. And don't build your empire on stories of hope but on more realistic things.
I think altcoin are being dumped for bitcoin these days my thoughts though. We are seeing differentiation in price of bitcoin to alternative coin

bigcash2011

sr. member

Activity: 1442

Merit: 265

You are right, i remember in 2016-17 also people were in a state of despair about most of the alts and then suddenly after btc reached the peak alts started to explode and we had extremely massive pumps in most of altcoins which changed many lives so the lesson is it will happen again but we need to wait and be patient.

gullu

full member

Activity: 457

Merit: 103

Quote from: rosezionjohn on August 22, 2019, 01:52:50 PM

Quote from: allaking on August 22, 2019, 12:07:34 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.

Tell me, which altcoins have you invested into and held for a long term. It's easy to talk and make up all these stories. How can a person not lose confidence when he bought at $1000 and it dropped to less than $100?

One should understand before investing in altcoins that the price of the coins will drop in the starting because for the first few years its impossibe to make profit out of any business. It takes time and hardwork and most importantly patience with rigorous marketing. But many give up after 2 or 3 months including the investors and the team members. When people loose confidence because of this they decide to sell all their crypto assests including eth and major cryptos which cause a drop in the price.

asajapheth

jr. member

Activity: 76

Merit: 4

There's an ancient Israel proverb that admonishes not to follow the crowd. But rather, one can learn from the crowd. Learn from their mistakes, and don't make similar mistakes. Learn from the successes and learn from it.

Following market trends in crypto doesn't usually lead to success. Buying a coin because others are buying it is simply speculative. The market is often determined by behavioural patterns of investors.

rosezionjohn

sr. member

Activity: 882

Merit: 301

Quote from: allaking on August 22, 2019, 12:07:34 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.

Tell me, which altcoins have you invested into and held for a long term. It's easy to talk and make up all these stories. How can a person not lose confidence when he bought at $1000 and it dropped to less than $100?

leftgirly

jr. member

Activity: 132

Merit: 3

Many altcoins holdere are converting their holdings to bitcoin due to the high dominance of bitcoin. That is the real deal, people would always be deceived by what they see or hear. The cryptocurrency market is so unpredictable to the extent that if you don't have enough patience you would always lose to your holdings to panic selling.

allaking

jr. member

Activity: 75

Merit: 1

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.

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