DONT MARRY YOUR ALTCOIN BAGS | Bitcointalksearch.org

sgenuine

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Quote from: yurez on November 27, 2020, 05:33:16 AM

Quote from: Eco_111 on November 27, 2020, 01:42:26 AM

I was expecting bitcoin to drop more because it's bullish movement since few days ago are too fast, I believe that's why price is dumping hard since hours back, do not be deceived though cos bullrun is still very much alive and altcoin season isn't over yet, my advice is avoid getting carried away by the bullrun, have a target in mind and once it's achieved sell your altcoins and wait for another red market

I think the altcoin season is just beginning and will only start fully after testing the $ 21-22k range by bitcoin. If bitcoin falls below 13-14k, then I will go from altcoins to stablecoins.

Recently, it seems to me that altcoins are falling lower and lower every time. And even in bull markets, when Bitcoin for example is growing. Many altcoins are decently lagging behind and growing slightly weaker. But they fall very quickly. But Ethereum follows almost on the heels of Bitcoin.

Botnake

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Quote from: warg2017 on November 27, 2020, 02:23:22 PM

I am totally agree, altcoin is unfit for long term hold, most of them worth nothing are their final result, only a few of altcoins survive eventually. Even if it is on the top 10 of crypto market, price will also fall several times, not like BTC.

Altcoins and bitcoins are different from each other and the increase in the price of Btc does not always affect other altcoins and vice versa. but a good advice is if you hold both altcoins and bitcoins then always pay attention to your portfolio so as not to lose the opportunity to sell.

Altcoins will bleed, at least many of them because bitcoin continues to achieve another milestone of success. I'm excited to see bitcoin hitting $30k as we celebrate this new year, I can already imagine the meme's it's about the rocket and bitcoin. lol

Altcoins, I married it already, but I learned my mistakes, I'm not anymore expecting they'll rise from the dead.

oprahwindfury

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Altcoins consistently have their wonder days available and each accomplished crypto speculator will exploit those days and hodl more bitcoins by selling his sacks of bitcoins yet novices would hodl on and lament later reasoning they can make gigantic benefits with altcoins.

Reb Klimrod

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Absolutely agree. The more you sit with one altcoin, the more you get used to it and you feel sorry for selling it. You need to understand that altos are only a tool for increasing the cue ball or dollars. And when Bitcoin rises or falls, any altcoin will fly to hell

judeafante

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It's dangerous if you do so, there's a big difference between hodling and marrying your bags in HODLING you are picking the right coin to invest and selling it when you reach the profit that you have set your goal into that coin, in marrying your altcoins you are hodling it blindly and never look on the price and just trust your instinct that it will pump.

adekogbe

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Activity: 854

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With the project's road map, you can know if the team is making progress or not
As far as holding you are holding a project,s altcoins. dealing with the time period for both long and present moment is truly significant, you need to effectively screen the advancement of the project as the group brings refreshes.. It is possible that you work with momentary trading or you are eager to face the challenge of holding up the drawn out advancement to amplify the benefits.

Lizzylove1

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Activity: 858

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Christ The King

After a huge loss to altcoin in 2018, when I should have wisely invested in BTC and go to.sleep. $CET ended up dealing with me. After that bitter experience, I .
am now guided by some culture.

milewilda

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Quote from: InwardContour on November 27, 2020, 04:44:46 PM

Quote from: warg2017 on November 27, 2020, 02:23:22 PM

I am totally agree, altcoin is unfit for long term hold, most of them worth nothing are their final result, only a few of altcoins survive eventually. Even if it is on the top 10 of crypto market, price will also fall several times, not like BTC.

This is true, Prices of most altcoins decrease over time, some projects get extinct and just a few are sustainable and stand the test of time. It's normal for prices to fall, but if there is downtrend for a very long period of time, investors lose hope on the project, thereby dumping their tokens. Wise investors take profit from altcoins, even though sometimes taking profit too early leads to regrets.

Selling decisions would really be like a double edge sword but if you do matter most on making profit then that wouldnt really leave you on the regretting phase yet you had accepted and admitted that no matter what
would be the price then as long you are on greens then it doesnt matter.Most of altcoins are shit but there are people who are longing for some nasty profits when holding up their coin and waiting for some pump
which might be resulting into big profits that they havent able to gain before.So its up to someones decisions if they decide to hold no matter what but most cases it do really end up in graveyard.
After all the years ive been here on this market where i do hold lots of them sitting in my myetherwallet which those coins that i had bought and gained in the past but until now they arent making any pumps
and most of them are already an abandoned project.

InwardContour

sr. member

Activity: 644

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Quote from: warg2017 on November 27, 2020, 02:23:22 PM

I am totally agree, altcoin is unfit for long term hold, most of them worth nothing are their final result, only a few of altcoins survive eventually. Even if it is on the top 10 of crypto market, price will also fall several times, not like BTC.

This is true, Prices of most altcoins decrease over time, some projects get extinct and just a few are sustainable and stand the test of time. It's normal for prices to fall, but if there is downtrend for a very long period of time, investors lose hope on the project, thereby dumping their tokens. Wise investors take profit from altcoins, even though sometimes taking profit too early leads to regrets.

desticy

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Activity: 1512

Merit: 292

www.cd3d.app

Quote from: warg2017 on November 27, 2020, 02:23:22 PM

I am totally agree, altcoin is unfit for long term hold, most of them worth nothing are their final result, only a few of altcoins survive eventually. Even if it is on the top 10 of crypto market, price will also fall several times, not like BTC.

But why? Bitcoin is the best long term investment, approx. But the entire market follows Bitcoin.
Does this mean that as long as bitcoin is alive, all less stable coins will have good long-term potential? Take a look at Ethereum, from $ 86 to $ 600. Bad long-term outlook?

virasog

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Quote from: Crypto_lion on August 21, 2020, 05:03:33 AM

I cannot agree more with the OP here. When the time is right make sure to book your profit and atleast take out the investment amount back . Same goes for booking losses as well.

Booking profit is very important if one must succeed in crypto as a trader. A friend of mine made about 7x on a coin and when I advise him to take profit, and leave some of the coins to run if he wants to hold, he gave deaf ears. After 2 weeks, coin went below his entry point and he is stucked till date. Lesson here is that we should avoid greed at all times, main objective of trading is for making profit and nothing more.

Altcoins should be purchased to get profit in short term. I don't know why people do not sell their altcoins even if they are in 2x-3x profit. Other than the top 10 altcoins, none of them should be kept for aa long term. We should sell them as soon as we get some good returns from them.

warg2017

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I am totally agree, altcoin is unfit for long term hold, most of them worth nothing are their final result, only a few of altcoins survive eventually. Even if it is on the top 10 of crypto market, price will also fall several times, not like BTC.

Atang Sulaeman

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Activity: 910

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surely everyone has a different story, some produce profits and some also result in losses, it all depends on our position and opportunity to take a big opportunity or let it go, we can just exchange it from BTC to other altcoins as long as it's profitable and also on the contrary, we exchange altcoins to btc and during that time it must be an advantage that is not a loss,

Winscosinally

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There are times to hold on to your altcoins and there are times to let go of them, everything in crypto space is timing, trading is timing, investing on coins is all about timing, buy when market is down and sell when bulls attacks, holding on to your altcoins forever can bring you good fortune or the bad one too, the call is yours to make

Banulit

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Always take the opportunity especially if you are gaining, always keep in mind that no matter how big is your gain profit is profit.

ZZ8ZZ

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Quote from: Stedsm on June 16, 2020, 03:45:26 PM

I remember of a friend who gave up his studies and went all-in on AMP coin (Synereo - if you remember the project). By saying all-in, I don't mean that he invested any money on it but all his time. He worked as a programmer for them and used to earn $300 worth of AMP each month. He did this for at least 3 years, the project did well and he almost became a double millionaire when the spike occurred in markets during 2017 when BTC was $14k and reached $20k. But he kept the coins as it is, didn't sell them when I even advised him to do so and later when the crash happened, the project itself came to an end putting all his work and savings under the grave. So, you need to know when to sell as that's too an important part of trading.

Same here with the DeepOnion shitcoin. Got free airdrop worth of 18K USD when BTC was at ATH back in 2017. Didn't sell a single coin cuz of greed and also I was a complete noob in all this trading stuff. Decided to HODL and now the coin is completely dead. However, I kept checking out the project from time to time and earlier this year I saw that they're getting delisted from many exchanges so I said to myself: "That's it, I'm withdrawing everything" and I managed to withdraw $700 which I put into BTC, made it to $2500 with trading and now I sold everything when BTC was at 19,2K USD. Valuable lesson learned

yurez

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Quote from: Eco_111 on November 27, 2020, 01:42:26 AM

I was expecting bitcoin to drop more because it's bullish movement since few days ago are too fast, I believe that's why price is dumping hard since hours back, do not be deceived though cos bullrun is still very much alive and altcoin season isn't over yet, my advice is avoid getting carried away by the bullrun, have a target in mind and once it's achieved sell your altcoins and wait for another red market

I think the altcoin season is just beginning and will only start fully after testing the $ 21-22k range by bitcoin. If bitcoin falls below 13-14k, then I will go from altcoins to stablecoins.

Eco_111

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I was expecting bitcoin to drop more because it's bullish movement since few days ago are too fast, I believe that's why price is dumping hard since hours back, do not be deceived though cos bullrun is still very much alive and altcoin season isn't over yet, my advice is avoid getting carried away by the bullrun, have a target in mind and once it's achieved sell your altcoins and wait for another red market

Vaculin

hero member

Activity: 2912

Merit: 613

Quote from: ?? on ??

Quote from: Crypto_lion on August 21, 2020, 05:03:33 AM

I cannot agree more with the OP here. When the time is right make sure to book your profit and atleast take out the investment amount back . Same goes for booking losses as well.

Booking profit is very important if one must succeed in crypto as a trader. A friend of mine made about 7x on a coin and when I advise him to take profit, and leave some of the coins to run if he wants to hold, he gave deaf ears. After 2 weeks, coin went below his entry point and he is stucked till date. Lesson here is that we should avoid greed at all times, main objective of trading is for making profit and nothing more.

Was it really moving up, personally I don't think it will, price will go down a bit more as it was fast to rise, that correction is necessary for the market to be stable and it's something that we should not panic, instead, we have to be confident because bitcoin will surely survive this.

Thinking of a new ATH, well, it's okay as long as you don't get carried away and forget to make a timely decision.

Nirvier

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there are so many great tips here, but how to come to this and follow? Grin

Topic: DONT MARRY YOUR ALTCOIN BAGS (Read 2277 times)