Topic: Don't love any Alt coins. - page 10. (Read 30065 times)
I agree with you where a trader must be more realistic about changes in potential coin trends because they need profits, loyalty to a coin will disrupt the analysis and decision making in trading and that has happened to me, where I bought NANO in the middle of 2017 when it is not worth , then they increased rapidly until the end of 2017 and the value reached $ 36 and I am profitable thousands of percent. I am too loyal to coins and greedy so that I do HOLD until October 2018, coins and communities only give a value of $1-3 for NANO and that hurts me. but by trading I am more aware and realistic where a trader plays a little different than a loyal investor in crypto
If you love long term this is the place you can have. Just be prepared whenever price goes up or go down. Analyze every coins you really wanted to keep. Yes Diversification is the key.
Actually people's learn from mistake. Those mistake I did began, I am realizing now. That's why I want to share it. Perhaps everyone will not agree with me. Every traders have few favorite coins. It's normal fact, but don't love too much any coin it's my logic.
I don't want to mention but I have lost many btc just one coin. Just think it will go more up and didn't sold. In a result price dropped 4X. So I want to say don't love any coin, just sale when you are in profit and go another coin or wait for drop price again and buy it. It's very difficult to recover once drop an Altcoin. One more thing, don't invest your all fund on single coin. It will loss more, who know it will up or drop.
I don't want to mention but I have lost many btc just one coin. Just think it will go more up and didn't sold. In a result price dropped 4X. So I want to say don't love any coin, just sale when you are in profit and go another coin or wait for drop price again and buy it. It's very difficult to recover once drop an Altcoin. One more thing, don't invest your all fund on single coin. It will loss more, who know it will up or drop.
Yes that's definitely right. It's like you're putting your emotions into it thus you're attracting the number one enemy of trading and investing which is emotion. Those successful in money related things are experts in controlling their emotions as well as the emotions of others. Just always be objective in any trades that you want to enter into.
Whatever coin you buy in a falling market it is simply impossible to make a profit. Learn how to trade and your investment at least will not be lost in huge quantities. Fixation of losses, control of your deposits-will help you to save your money much better than the position to buy and hold until the last.
It's normal fact, but don't love too much any coin it's my logic.
That's good advice for any trader in any market, actually. I've seen stock traders fall in love with certain stocks to the point that they hold onto them until the company goes bankrupt and they lose everything. And as far as crypto goes, I'm not sure how anyone can get attached to any of the new shitcoins coming out, because IMO they're all just a bunch of garbage and I have yet to hear of one that has any advantage over bitcoin or even ETH. The general idea is do not mix emotions when trading.
Always judge based in the foundamentals and the technicalities.
I agree, emotions are liabilities to any trader, and they normally appear as greed or fear. As to your second point, how the hell does one judge the "fundamentals" of a shitcoin? Most are just ripoffs of something better, and I think all the good ones have already been created. If and when something comes along that's better than bitcoin or ETH, by all means invest in it. Until then any money you put into the shitcoin market is just gambling. There aren't any fundamentals to analyze as far as I'm concerned. Always judge based in the foundamentals and the technicalities.
Actually people's learn from mistake. Those mistake I did began, I am realizing now. That's why I want to share it. Perhaps everyone will not agree with me. Every traders have few favorite coins. It's normal fact, but don't love too much any coin it's my logic.
I don't want to mention but I have lost many btc just one coin. Just think it will go more up and didn't sold. In a result price dropped 4X. So I want to say don't love any coin, just sale when you are in profit and go another coin or wait for drop price again and buy it. It's very difficult to recover once drop an Altcoin. One more thing, don't invest your all fund on single coin. It will loss more, who know it will up or drop.
yes, everyone be free to invest or trade with several altcoins, but we really need to be able to do research on the altcoins we want to invest, so we really need to be careful when choosing altcoins for us to make long-term investments, different like we do day trading, which if we already have profits we can sell it and can buy other coins or we can wait again when the decline, profit or loss depends on each of us who run everything. I don't want to mention but I have lost many btc just one coin. Just think it will go more up and didn't sold. In a result price dropped 4X. So I want to say don't love any coin, just sale when you are in profit and go another coin or wait for drop price again and buy it. It's very difficult to recover once drop an Altcoin. One more thing, don't invest your all fund on single coin. It will loss more, who know it will up or drop.
It is a wise thing to know when to get out but you shouldn't really be hard on your self
It's impossible to exit with a satisfied state of mind. If you sell at $100 and the price pumps further to $150 you'll regret having sold and are likely to buy back in at those higher levels to make sure you don't lose out again.Trading and investing are psychological events mostly netting nothing but disappointment. The only way for you to be satisfied with what you do is to sell the top and see the price tank hard from that point.
I gave up on trading and short term investing because of that. It's really not worth it. I rather keep accumulating and hodl through every correction and bear market to end with much better results a year or two later.
Diversification is the right option which is good for traders and investors but putting in all the eggs in one basket the end result is tantamount to looses. Last year, some of my investment in altcoin worth $800 but i refused to sell hoped to sell at 1000$ plus but unfortunately a month latter it dropped to $300 and at the time of this post it dropped down to 50$ worth.
I think what you are describing is not about having a favorite coin. the problem is that some people are not trading but convince themselves that they are and that causes the problems. if you are investing then you must have a favorite coin, invest in it then ignore its fluctuations if you truly believe in its future even if you are wrong.
if you are trading then you can still have a favorite coin but holding on to that favorite coin when it is starting to drop is the mistake and then selling it when the drop has ended is an even bigger mistake and the biggest mistake is selling but not buying back when the drop is over!
you see, these little things are making the big differences. and I think people have to decide what they want to do. if you want to trade then be a trader and that requires being active in the market and going in and out as fast as possible.
if you are trading then you can still have a favorite coin but holding on to that favorite coin when it is starting to drop is the mistake and then selling it when the drop has ended is an even bigger mistake and the biggest mistake is selling but not buying back when the drop is over!
you see, these little things are making the big differences. and I think people have to decide what they want to do. if you want to trade then be a trader and that requires being active in the market and going in and out as fast as possible.
Actually people's learn from mistake. Those mistake I did began, I am realizing now. That's why I want to share it. Perhaps everyone will not agree with me. Every traders have few favorite coins. It's normal fact, but don't love too much any coin it's my logic.
I don't want to mention but I have lost many btc just one coin. Just think it will go more up and didn't sold. In a result price dropped 4X. So I want to say don't love any coin, just sale when you are in profit and go another coin or wait for drop price again and buy it. It's very difficult to recover once drop an Altcoin. One more thing, don't invest your all fund on single coin. It will loss more, who know it will up or drop.
Really, one of my bad experiences is that I have lost more than 60% of my funds when I invest in one coin (I will not mention it), even though we believe that the coin will have good potential at least we keep saving funds or buy other altcoins so the losses we get are not too big.I don't want to mention but I have lost many btc just one coin. Just think it will go more up and didn't sold. In a result price dropped 4X. So I want to say don't love any coin, just sale when you are in profit and go another coin or wait for drop price again and buy it. It's very difficult to recover once drop an Altcoin. One more thing, don't invest your all fund on single coin. It will loss more, who know it will up or drop.
Actually people's learn from mistake. Those mistake I did began, I am realizing now. That's why I want to share it. Perhaps everyone will not agree with me. Every traders have few favorite coins. It's normal fact, but don't love too much any coin it's my logic.
I don't want to mention but I have lost many btc just one coin. Just think it will go more up and didn't sold. In a result price dropped 4X. So I want to say don't love any coin, just sale when you are in profit and go another coin or wait for drop price again and buy it. It's very difficult to recover once drop an Altcoin. One more thing, don't invest your all fund on single coin. It will loss more, who know it will up or drop.
I don't want to mention but I have lost many btc just one coin. Just think it will go more up and didn't sold. In a result price dropped 4X. So I want to say don't love any coin, just sale when you are in profit and go another coin or wait for drop price again and buy it. It's very difficult to recover once drop an Altcoin. One more thing, don't invest your all fund on single coin. It will loss more, who know it will up or drop.
Of course, people often see it as a safe haven to stay at their coins and end up losing it. If I have to join a bounty and get my salary I would sell it immediately.
It is a wise thing to know when to get out but you shouldn't really be hard on your self, I think most altcoins is down more than X4 at this market stats, a lot of us got hit by surprise whenever we say ok that's it this is the bottom things get more down, set a new bottom we buy and say that's it and again new bottom, in this current market stats it is really not wise to blame yourself.
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Re: Don't love any Alt coins.
This is so true, and I learned my lessons but still sometime I am caught up again. Altcoins is very volatile especially token wherein its effect of price is huge when bitcoin slumps. Just hat happen this bearish season, almost 80% or more losses.
Trading alt coins is like a double-edged sword. They are great because in a bull market they can go up 100x or so. But in a bear-market they are bad because they can lose 99% of its value very quickly.
Many reasons for that, the most common one is lack of liquidity. Hence the reason why they go up so fast and why they come down so fast. BTC has many exchanges and lots of coins in circulation, so that's why it usually didn't go up as fast as some altcoins.
Many reasons for that, the most common one is lack of liquidity. Hence the reason why they go up so fast and why they come down so fast. BTC has many exchanges and lots of coins in circulation, so that's why it usually didn't go up as fast as some altcoins.
I think we've all both lost and gained from either hodling or selling off.
That's one thing with giving advice on trading matters,there is always someone who has gained from that which you're advising others not to do
But nonetheless your advice is cool and it's true to an extent,its best to sell when you're in profits.
And most times its always healthy to own more than one coins,its more like putting your eggs in numerous baskets
That's one thing with giving advice on trading matters,there is always someone who has gained from that which you're advising others not to do
But nonetheless your advice is cool and it's true to an extent,its best to sell when you're in profits.
And most times its always healthy to own more than one coins,its more like putting your eggs in numerous baskets
Thanks for sharing your tips. Agree that, no one can know when altcoins go up, I also claim benefit when target reached. Hold altcoins are high risky but they can give us higher profits but I am not a luckyman. 
I think that depends, I personally never put all the funds for just one coin even though I like these altcoins. Recently I also put funds on an altcoin that is still developing and it hasn't become popular, but after I bought it the coin lost its value or the price fell. It's often happened so I think it's normal because I just need to wait for the market to recover even though I have to be patient for longer, but most importantly I don't lose out on my investment.
I partly agree. It completely depends though, if you're planning on just making profit short term profits, or if you just want to buy bitcoin right now because you're bullish long-term and currently forget about it and do something else. The strategy of selling BTC when it goes high to be able to buy at a lower price isn't a bad idea per se, but a lot of people simply aren't just good with handling their emotions when making trades.
Actually people's learn from mistake. Those mistake I did began, I am realizing now. That's why I want to share it. Perhaps everyone will not agree with me. Every traders have few favorite coins. It's normal fact, but don't love too much any coin it's my logic.
I don't want to mention but I have lost many btc just one coin. Just think it will go more up and didn't sold. In a result price dropped 4X. So I want to say don't love any coin, just sale when you are in profit and go another coin or wait for drop price again and buy it. It's very difficult to recover once drop an Altcoin. One more thing, don't invest your all fund on single coin. It will loss more, who know it will up or drop.
I don't want to mention but I have lost many btc just one coin. Just think it will go more up and didn't sold. In a result price dropped 4X. So I want to say don't love any coin, just sale when you are in profit and go another coin or wait for drop price again and buy it. It's very difficult to recover once drop an Altcoin. One more thing, don't invest your all fund on single coin. It will loss more, who know it will up or drop.
The problem with altcoins is that most of them are just pump-and-dump scheme. And since we entered a bearish trend, every activity now and easily spotted that's why majority have lost their love affair with them just like what you're describing.
I wouldn't say though that we need to 'love' it, we don't need emotional attachment, but rather logical and a well planned trading strategy specially in this kind of market we have been witnessing so far.
Actually people's learn from mistake. Those mistake I did began, I am realizing now. That's why I want to share it. Perhaps everyone will not agree with me. Every traders have few favorite coins. It's normal fact, but don't love too much any coin it's my logic.
I don't want to mention but I have lost many btc just one coin. Just think it will go more up and didn't sold. In a result price dropped 4X. So I want to say don't love any coin, just sale when you are in profit and go another coin or wait for drop price again and buy it. It's very difficult to recover once drop an Altcoin. One more thing, don't invest your all fund on single coin. It will loss more, who know it will up or drop.
Yes true it's better to hit and run, even though we love it but when loss the coin doesn't care. You say don't put all the money into single coin, that means we have to put it into a few coins. Isn't this way just going to make confused? because there are too many coins to monitor. On the other hand, if the price of all the coins goes down simultaneously will loss more. I don't want to mention but I have lost many btc just one coin. Just think it will go more up and didn't sold. In a result price dropped 4X. So I want to say don't love any coin, just sale when you are in profit and go another coin or wait for drop price again and buy it. It's very difficult to recover once drop an Altcoin. One more thing, don't invest your all fund on single coin. It will loss more, who know it will up or drop.
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