Exiting altcoins at the correct time is the best thing you can do do with them. - page 2.

MusaMohamed

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Quote from: Kemarit on June 20, 2021, 11:13:46 PM

I'm sure we all know that majority of altcoins are dependent on Bitcoin's price movement. So if BTC went down, so is those altcoins who are in the top coin. But for those shitcoins, well, purely pump and dump, it might give you x2-x10, but it's not a guaranteed that you can always spot them unless you are a member of some p&d group. But just warning for those who are in a p&d group, it's not also a sure fire to win a lottery. So it's better just to fill our bags with altcoins that has used case or at least in the top 20.

In pump and dump groups, the late signal receivers will buy up the price and buy sold coins of earlier receivers of signal in the same group. A signal in those groups can bring profit for some and losses for the others.

It depend on how fast you join their signal parties but this nature makes people are more excessively greed and they ignore all risks to jump on with hope that they are early participants and signals work.

Sometimes signals can fail and all will end with loss, exceptions are group owners.

Kemarit

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Quote from: Rakeshten on June 20, 2021, 02:15:51 PM

I liked your rule, Hold Bitcoin trade altcoins. I like to trade with altcoins but all altcoins can't give 2x, 10x or 100x. Some altcoins are good for short-term trading. Bitcoin is going downward so I think we will get good time for filling our bag with good altcoins.

I'm sure we all know that majority of altcoins are dependent on Bitcoin's price movement. So if BTC went down, so is those altcoins who are in the top coin. But for those shitcoins, well, purely pump and dump, it might give you x2-x10, but it's not a guaranteed that you can always spot them unless you are a member of some p&d group. But just warning for those who are in a p&d group, it's not also a sure fire to win a lottery. So it's better just to fill our bags with altcoins that has used case or at least in the top 20.

Sithara007

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Quote from: Rakeshten on June 20, 2021, 02:15:51 PM

I liked your rule, Hold Bitcoin trade altcoins. I like to trade with altcoins but all altcoins can't give 2x, 10x or 100x. Some altcoins are good for short-term trading. Bitcoin is going downward so I think we will get good time for filling our bag with good altcoins.

If Bitcoin goes down, then in the long term alts will go down as well. Even the established alts remain heavily dependent on Bitcoin. And also, since many of these altcoins are purely driven by hype (I am not talking about genuine coins such as Ethereum, BNB or Cardano), when the overall cryptocurrency market goes down, their prices get affected disproportionately. IMO, the ideal opportunity to purchase altcoins will come in the next few months, but this is not the right time. Wait until the Bitcoin dominance gets to 60% or 65%.

no-ice-please

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Quote from: xzone on June 20, 2021, 08:45:59 AM

Quote from: aioc on June 19, 2021, 08:24:30 PM

The cardinal rule is always been to buy low and sell high, here in the Cryptocurrency market you are not guaranteed of hodling a coin for a very long time except Bitcoin, coins come and go and there are coins that take time to make a profit, everything here is timing and the right time to buy and sell, I consider the Cryptocurrency market as the riskiest, you have to invest what you can afford to lose.

What you said is completely correct. Unfortunately, in the last year, we have seen too many new investors with no experience. These people invested all their money to get rich in a short time and lost a lot of money. And when they saw that prices were starting to drop, they sold everything and couldn't buy it back.
Investing is not an easy thing, it is very difficult to sell what you have at the right time. People who can do this make money

The cardinal rule is not a rule but wishful thinking. Everybody wants to buy low and sell high. That is not a rule. Everybody wants to eat warm and tasty. Is that a rule? I am confused by some people's ability to talk nonsense about trading in general in such a fundamental way.

wxa7115

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Quote from: speedy963 on June 11, 2021, 03:03:32 PM

It's rainbows and sunshine until you realize how unpredictable the market in this industry is, lol. But yes, I get your point. The only problem is that most of the people nowadays (the new comers) are too gullible and only choose to invest because of hype which makes them end up buying on peaks and selling at a loss on dumps. Even those who get lucky enough to invest before the peak become too greedy and do not exit which leads to losess again. Until these people learn to do their own research and control their greed, they will not be able to make profits and lose money instead.

This is basically the issue, we know that investing in altcoins can be profitable and the earlier you get in the coin the more money you could make but it is difficult to select the right coin, we have seen many coins in the past pumping and in fact reach some of the highest positions in the market that were scams, with the best example of this being bitconnect, and we have seen many coins with decent potential that never caught the eye of the community.

This makes the market even more unpredictable and makes it difficult to apply any strategy as simply put the market does not make sense, especially when it comes to new projects.

Rakeshten

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I liked your rule, Hold Bitcoin trade altcoins. I like to trade with altcoins but all altcoins can't give 2x, 10x or 100x. Some altcoins are good for short-term trading. Bitcoin is going downward so I think we will get good time for filling our bag with good altcoins.

SacriFries11

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Quote from: aioc on June 19, 2021, 08:24:30 PM

The cardinal rule is always been to buy low and sell high, here in the Cryptocurrency market you are not guaranteed of hodling a coin for a very long time except Bitcoin, coins come and go and there are coins that take time to make a profit, everything here is timing and the right time to buy and sell, I consider the Cryptocurrency market as the riskiest, you have to invest what you can afford to lose.

I think it's not the best option right now not just to hold for a long time unless you're not updated with the market. There are times that we also need to sell at the top especially when it hits all time high then probably just need to wait for the big correction again or just wait again for the bear market to sell again. I think it's good to do that strategy rather than just hold it and not just hold it. At that moment, we can get profit and add again more altcoins in our wallets.

johnwest

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Most of the alts from the previous Bull run are actually ZERO now. They haven't worked for months/years and now their coin won't be having any value unless they do something. Investing in altcoins is a risky business, especially those who are below the top 100 on coinmarketcap or don't have a proper community. I would suggest that if you are in a profit then exit and keep your principle mainly in USDT or BTC.

TWW

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Quote from: xzone on June 20, 2021, 08:45:59 AM

What you said is completely correct. Unfortunately, in the last year, we have seen too many new investors with no experience. These people invested all their money to get rich in a short time and lost a lot of money. And when they saw that prices were starting to drop, they sold everything and couldn't buy it back.
Investing is not an easy thing, it is very difficult to sell what you have at the right time. People who can do this make money

it's because they are affected by the pump and the best that bitcoin shows. it makes the adoption of new investors increase. they come with considerable money but without sufficient experience and knowledge.
new investors do not have the experience to make an investment plan on an altcoin project. even though the selected asset is a top market asset but when they do not have the experience to make careful planning, they can get caught up in the corrections that occur in the market.
in fact, those who have a long time and experience in seeing how the market is trending are the winners.

xzone

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Quote from: aioc on June 19, 2021, 08:24:30 PM

The cardinal rule is always been to buy low and sell high, here in the Cryptocurrency market you are not guaranteed of hodling a coin for a very long time except Bitcoin, coins come and go and there are coins that take time to make a profit, everything here is timing and the right time to buy and sell, I consider the Cryptocurrency market as the riskiest, you have to invest what you can afford to lose.

What you said is completely correct. Unfortunately, in the last year, we have seen too many new investors with no experience. These people invested all their money to get rich in a short time and lost a lot of money. And when they saw that prices were starting to drop, they sold everything and couldn't buy it back.
Investing is not an easy thing, it is very difficult to sell what you have at the right time. People who can do this make money

Emmychris

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Obviously the crash caused pain to many traders and investors, there is always this one thing called greed that won't let traders and investors take profits while in profit, so bad the market crash took many of us unaware, i was so happy putting all i got in crypto and seeing my account growing x5, i felt good and rich untill the market crash which made me loose almost everything i got, well i have learnt my lesson but so bad i learnt it the hard way. This crash has made many of us to turn into a bag holder waiting for market to pump.

Golftech

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Quote from: aioc on June 19, 2021, 08:24:30 PM

The cardinal rule is always been to buy low and sell high, here in the Cryptocurrency market you are not guaranteed of hodling a coin for a very long time except Bitcoin, coins come and go and there are coins that take time to make a profit, everything here is timing and the right time to buy and sell, I consider the Cryptocurrency market as the riskiest, you have to invest what you can afford to lose.

Exactly, it's all about timing and how you interpret the market, buying low and selling it high always

the advantage of each traders, unless you have a better view with the project that you are supporting

it can take some long term before you take your position. keep in mind that taking full responsibilities

in making the decision is tough when you are in this volatile market venue.

btc78

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Quote from: devil2man on June 17, 2021, 01:04:35 PM

obviously not all altcoins will double or triple, some can even drop in value immediately that's why we have to use the right strategy to be able to earn always and in any case, set a limit value beyond which if it(altcoin) go down, sell immediately, i.e. stop loss on exchanges or exit in stable coin quickly to keep the profit made

If you know how to find it then you will be a successful investor and can even make that x10-100 profit but the thing is can you really take it and have a chance?
there can be someone who knows but many are not it means we will be a loser mostly and only few will win.

Quote from: ?? on ??

unfortunately the right time in my opinion is when you have profited more than 100% of the altcoins you bought, but if you exit completely then when the price goes back up more than 500% like what happened to dogecoin then it will only make you regret because it was too soon to sell all the doge you have.

lol how this will come if you will just come to start?

there is no chance that you can find it when you are not in the situation yet.

meanwords

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Quote from: yat97 on June 11, 2021, 12:34:41 PM

-snip

I think we've all had this experience at least once and you're not alone friend. At least you learned your lessons that most of the altcoins nowadays are just pumps and dumps and that you shouldn't hold them for long. At least that's what I thought on those overhyped shitcoins that is driven my social media market. I prefer tokens who is taking it's time for development.

aioc

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The cardinal rule is always been to buy low and sell high, here in the Cryptocurrency market you are not guaranteed of hodling a coin for a very long time except Bitcoin, coins come and go and there are coins that take time to make a profit, everything here is timing and the right time to buy and sell, I consider the Cryptocurrency market as the riskiest, you have to invest what you can afford to lose.

Luqman

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One of the ways to make trading or investing in altcoins worthy is that we know the right time to buy and sell the coins. It is not about reaching the ATh but it is about the ways to make us utilize every moment to get the profits. because altcoins are very risky, moreover the new coins. That is why we must be smarter in analyzing the current market, the price up to and down, and also how the coins or tokens are in the market. So, we can take the right time to take profits, never be greedy with the profits.

KennyR

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With altcoins one should not expect big profit, if the market is moving good then go for it. Because we don't know when the crash happens with the particular altcoins. If it is on the top order we can try holding it for assured return on the investment. The same isn't possible with every altcoins. Myself have experienced this, kept hold of an altcoin that isn't so popular. It grew high, but I expected even big and massive crash happened. Further there is no sign of growth. Making the right exit is always important with altcoins.

Yamifoud

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Quote from: adzino on June 18, 2021, 05:21:19 PM

Not really. All altcoins aren't shitcoins. You have to exit at the "correct time" when you know you are investing in a shitcoin. Those coins usually gets hyped at the beginning and then gets pumped when everyone starts to invest in it. Once the hype is over, most of the people starts to dump the coins and take their profit. This is when the people that exit at the right time makes profit, while those who exits at the wrong time, loses everything. Even if you are at loss, never hold your shitcoins. Highly likely it will never go up again. Better to make some loss and save some of your investments.

I sell all my shitcoins while it still has value and put the money to potential altcoins. As the bear season has come (soon), now is the best time to anticipate a huge market correction. We can't rely on those hyped coins while we can still benefit from them, make this as an opportunity for the next plan.
However, we have a different mindset, many were still thinking for an xxx profit from holding these shitcoins. Well, it has their choice, they can never realize that they are wrong until such a time that they will experience it.

nelson4lov

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Quote from: kayiboyu on June 18, 2021, 05:25:50 PM

It is really a good thing you said. But the hardest part is to be able to predict the correct time to exit. Grin

Because there is no obvious sign for it to warn investors. It is totally up to us, investors. We need some luck in this too.

Seconded. In hindsight, nobody "truly" knows when the right time to take the exit route for an altcoin. There's no sure-fire way to do that. So instead, it depends ultimately on us to make critical decisions like this. Most likely, it's by common sense and human psychology. Ideally, everyone know any altcoin's price is around a high value and could potentially be sold and vice versa. The main problem is that we don't trust our guts and there's also the issue of greed and fear that abounds making it even more difficult.

strunberg

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Quote from: kayiboyu on June 18, 2021, 05:25:50 PM

It is really a good thing you said. But the hardest part is to be able to predict the correct time to exit. Grin

Because there is no obvious sign for it to warn investors. It is totally up to us, investors. We need some luck in this too.

the correct time to exit only when we got enough profits from our position,just close all position and let price running no matter it continue trend or maybe reverse. this is the only accurate sign for us except we have special skill for identifying trend.

Topic: Exiting altcoins at the correct time is the best thing you can do do with them. - page 2. (Read 606 times)