Don't love any Alt coins. - page 4. | Bitcointalksearch.org

tonyja2017

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Quote from: The Cryptovator on December 15, 2018, 12:47:42 PM

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.

It is a valuable experience. We humans are always in a comfortable position when we have a lot of reserves for upcoming expenses. In order to make good transactions, we need to be comfortable and investing all the money we have in an altcoin will be a wrong decision. Please keep a little for yourself.

jaymmagne

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I love a lot of coins which defends on the project they have and the technology and products they are providing too. I also lost a lot of Bitcoins in certain altcoins but i also earn more in other altcoins too. You have a point though.

sujonali1819

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Quote from: The Cryptovator on December 15, 2018, 12:47:42 PM

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 also faced the reality sevaral time in my trading life. Specially want to talk about from 2018 first to Now is the very bad time for me And I lost huge amount by blind trust to crypto. So at this point i want to tell to beginers in crypto that don't believe in any crypto too much and don't invest all off your money in one coin.And try to stop loss sell.

mamesso

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Overconfidence with one coin will make you trapped in a market that is vulnerable and full of risks.
the most important point is how you benefit from the coin and increase it.
there is no full trading, because the price is not friendly with time.
I am more concerned with profit, that's all.

logicgate

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Quote from: MURONDI on January 03, 2019, 09:55:49 PM

not only you, I also suffered a lot of losses, I hold several altcoins, used to be worth more than $ 5,000, now the price is broken, my altcoin value is $ 200 Grin

indeed most altcoins will become "junk coins"

Wow mate you lost coin but still you are taking part in the market and buying i am really happy to see your inspiration. 200$ is not very high price so I think we should buy only promising coin not the junk one. In addition to it I must say buy bitcoin whenever you get money because its promising one and never make the investor suffer lose.

MURONDI

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not only you, I also suffered a lot of losses, I hold several altcoins, used to be worth more than $ 5,000, now the price is broken, my altcoin value is $ 200 Grin

indeed most altcoins will become "junk coins"

omonuyak

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I really agree with the op and it is not good to over hold must of the altcoins because many of them have been abandoned by the developers. I believe that we are not going to have some of them recovering and it will take some years before those one recovery get to there icos price again. We should not too much love some of the altcoins.

otundebis

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The advice not to love any coin is sensible, you are not here to invest your emotion but your money and if you make good decisions, your money increases and with bad decisions you may lose it all!

DarkIT

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Quote from: Johnzky on January 03, 2019, 02:40:26 AM

Lol who says we need to love even bitcoin?we only have to trust them for our investments that may give us profit and aside from that we must have no other connection to every cryptocurrency

yes, this is business, when you love it too much, it certainly can make you lose without you realizing it. preferably, we always make good decisions in this matter. You know that altcoin, and bitcoin always have unstable prices.

ufaiz50

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Quote from: The Cryptovator on December 15, 2018, 12:47:42 PM

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.

To minimize losses, it is strongly recommended to divide your investment, this is true.
About the coin that is preferred there is nothing wrong and your loss because of the lack of information about the bitcoin market, I like some of the altcoins because of they give profits to me. I more think rationally where we also have to analyze coins that we like so we don't experience loss.

Johnzky

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Lol who says we need to love even bitcoin?we only have to trust them for our investments that may give us profit and aside from that we must have no other connection to every cryptocurrency

Japinat

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Quote from: maydna on January 02, 2019, 11:58:07 PM

As long as altcoins can give me a profit, I will use it to trade, but once the altcoin makes me disappointed, then I will sell it and find another coin.

I will do the opposite thing, if it has made me profit then that is the time I would sell.
Most of our coins value are down in the previous year, and I'm sure there are a lot of people who sold their coins even at a loss.
My strategy might not work all the time but I followed it all the time, I wouldn't sell any if I cannot make profit, I'm used to holding and wait.

Aivaryamal

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Very correct advice from the author of the topic, I just now started to do so, after a long time kept, and it is a much profitable strategy

maydna

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As long as altcoins can give me a profit, I will use it to trade, but once the altcoin makes me disappointed, then I will sell it and find another coin. There are many altcoins we could use to search a profit, and we don't have to choose only one or two coins because this will only limit us to make the profit itself. Don't stop for just one coin especially if you have many btc, use your btc to split into many coins so you have many coin assets which will give you a big profit in the future.

rubythebest888

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exactly.
Don't put all eggs in one basket, isn't this a default operation?
Traders who put too much in one coin is paranoid.
Not everyone can be a pro, or a legend.
Know your limitation.

Oilacris

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Quote from: Biscutard on January 02, 2019, 07:21:21 PM

Quote from: The Cryptovator on December 15, 2018, 12:47:42 PM

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.

Some altcoins are worth to invest, though i see your fault is that you only invested on a single coin which is a bit hard when times like this most altcoins will starts to diminish due to the bearish market. I think it is better if you just hold it more and wait for the right time to sell it. It is not worth to sell during bear market.

On investment world it would really just like a gamble.You would really need to risk in order to earn something in return but somehow you can set precautionary measures that will really give you the
chance to hit the right altcoin or project if you do make proper research. Just don't focus too much or going all in because this will surely put you into difficult situation once the coin had dumped.

TomArayaSlaya

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Sometimes its just good to setup a margin at which you take profits and then close maybe later you might just decide to buy at the dip but holding for long doesnt help Know the duration to hold either monthly weekly or daily might just help

Biscutard

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Quote from: The Cryptovator on December 15, 2018, 12:47:42 PM

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.

Some altcoins are worth to invest, though i see your fault is that you only invested on a single coin which is a bit hard when times like this most altcoins will starts to diminish due to the bearish market. I think it is better if you just hold it more and wait for the right time to sell it. It is not worth to sell during bear market.

AROVANA

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patience and a little effort...

TVTVI

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Quote from: alan2here on December 17, 2018, 11:39:30 PM

Quote from: kawetsriyanto on December 17, 2018, 07:53:36 PM

You have did a big mistake if you invested only on a single altcoins. Diversify your investment on some altcoins, it will lessen the risks of losses. I don't think it is the time for you to regret it. It is the decline period, so why not you just wait for the next bullrun or rise cycle. Actually you haven't lost yet. Be patient!

Patience can be a good choice but this will greatly affect your psyche at this point and will easily make you depressed for long periods of time. If the market wants to return, the number of investors must increase in the next time and then the value of altcoin will increase.

What you say is true for the current market. But what the future will be, no one knows. And nobody will tell you that you should only love an Altcoin. I think you heard this sentence. Obviously don't love any Altcoin, especially at this time, so come back when the market is better. If you miss the mistake. Try to be patient to keep it.

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