How Does it feel to be Balls Deep in altcoin, when only bitcoin is rising?

wxa7115

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Quote from: electronicash on March 16, 2024, 12:14:25 PM

this situation happens almost every bull run, it's always BTC that runs wild the first and altcoins follow. BTC in this bull run though is just different than how it did in the last few bull runs. the ETFS must be the ones that make it a lot different.

waiting is the game. you have missed a lot already since the time BTC started rallying, selling your altcoins now for BTC could be too late and by the time you look back, you'll see your altcoin gains will also go up. if possible just come up with a new capital in buying BTC and just leave your altcoin investment alone.

Depending on the altcoins you hold such a move could be good or very bad, because as we know new altcoins are very susceptible to the change on the sentiment of the market, so if at the time the altcoin is released all the focus is on bitcoin, it is possible the best opportunity for that coin to produce profits could be lost.

And by the time the focus shifted to altcoins, a great deal of new projects may have merged which could reduce even further the interest the community may have on investing in that coin in particular.

mich

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Well my crypto portfolio does have some of the alt in it. But it is a smaller amount then I do hodl of my Bitcoin. And now Bitcoin is down 4 percent just in the last 7 days. But then there is Solana that is up 27 percent.

And BNB is up 20%. All the coins were rising when Bitcoin was but now we see not all the alts need for it to happen to make profits.

Claymore2

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I've invested in a mix of altcoins, and the recent rise in Bitcoin has affected them too. Bitcoin went up by around 20%, and many other altcoins followed suit, including Ethereum. However, some altcoins didn't see much movement. I believe this could lead to an altcoin season in the future, where many altcoin prices surge. But it's important to remember that not all altcoins will benefit – only the good ones and certain meme coins usually do.

Belarge

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Quote from: Adreman23 on March 16, 2024, 05:38:06 PM

To be honest, of course, I feel fomo towards bitcoin because it keeps rising, while my hold altcoin seems stagnant and unresponsive. But the fomo im experiencing is also tinged with fear because, for instance, if I sell my alts and buy bitcoin, what if it suddenly drops? Perhaps I'll just hodl onto my altcoin for now and wait for the altcoin season.

Altcoins will continue to be top trends in the market because they're not one bur vast in numbers, everyone have a story to tell when their entries are invalid and losses are made steadily. We're just preys in the hands of the bull and bear season. They exists in the market inother to either liquidate our accounts or get us to be smiling with the huge profits printed. This is not the first time I'll be losing money to crypto. It have taught me lesson and I'm not going to give up, atleast not now that I've witnessed the evidence of trading in my life.

Adreman23

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To be honest, of course, I feel fomo towards bitcoin because it keeps rising, while my hold altcoin seems stagnant and unresponsive. But the fomo im experiencing is also tinged with fear because, for instance, if I sell my alts and buy bitcoin, what if it suddenly drops? Perhaps I'll just hodl onto my altcoin for now and wait for the altcoin season.

electronicash

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this situation happens almost every bull run, it's always BTC that runs wild the first and altcoins follow. BTC in this bull run though is just different than how it did in the last few bull runs. the ETFS must be the ones that make it a lot different.

waiting is the game. you have missed a lot already since the time BTC started rallying, selling your altcoins now for BTC could be too late and by the time you look back, you'll see your altcoin gains will also go up. if possible just come up with a new capital in buying BTC and just leave your altcoin investment alone.

doomloop

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Quote from: bastian466 on February 29, 2024, 12:49:33 AM

There is no need to rush into the decision to sell altcoins to switch to Bitcoin, I prefer to wait because what I invest in is Altcoin, the majority of which follows Bitcoin's movements, so there is no need to worry about switching. because I always divide my investments into various types, not just at one point

Rushing is subjective. It can make or break you. For now alts are dumping as the OP is saying and if we bought them at a not-so-low price, we might still be down so there is no need to rush on selling them even though our intention is good because we will switch on BTC.

I have a better idea to do here. Why can we just use our money outside to buy a BTC? BTC is also rising but it shouldn't intimidate us since we can miss more gains later on. There are two types of altcoin. One is old or those alts who can rise slower, and the other is new or those who can rise quickly but the only thing is they also don't last long. So if the alt that we have is the old one, indeed that we will need to wait.

Mate2237

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If you look well there are some altcoins are also rising though it is not as speed as bitcoin but they are rising and investors in those altcoins are also smiling because they have made profit. Ethereum has also broken it all time high of $4,080.50 and those who invested in Ethereum last two years when it was #1000 are making profit in their investment so when you said altcoins are lagging behind and I would say it is not all.

And if anyone is investing in Ethereum, Dogecoin, Eloncoin, Solana and Litecoin should not sell it to buy Bitcoin allow Bitcoin investment to go smoothly and others as well and that is the sweetest part in the cryptocurrency investment.

Bitstar_coin

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They both have separate time to moon, btc is always the first to lead the way while the alts will follow up post halving I guess.
Don't worry buddy alts will have their time to pump hard and everyone who is neck deep into alts will be happy with their investment.
Remember the full bull season is yet to come. Don't judge too quickly.
Yeah, one can feel a little anxious seeing how btc keeps pumping but if you already know the behaviour you will not be sad knowing what is coming.

Kristiyana

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Quote from: Bushdark on March 06, 2024, 12:51:10 PM

This can be really annoying when we keep seeing our altcoins boiling deep while Bitcoin is going bull.
We need to see our holdings and look for good altcoins to buy if we want to hold and make money in the market.
There are some altcoins that would take time before they go bull, we need to avoid such kind of altcoins because we will have to hold and keep holding before we see any reasonable profits to again from our portfolio.

You're absolutely right,I think there are some altcoins that is somehow related to bitcoin, whenever there is increase or change in bitcoin price, this set of coins also change in there value.i don't know if I'm the only one experience this.but I won't mention this coins not until I make a proper research.

wxa7115

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Quote from: Bushdark on March 06, 2024, 12:51:10 PM

This can be really annoying when we keep seeing our altcoins boiling deep while Bitcoin is going bull.
We need to see our holdings and look for good altcoins to buy if we want to hold and make money in the market.
There are some altcoins that would take time before they go bull, we need to avoid such kind of altcoins because we will have to hold and keep holding before we see any reasonable profits to again from our portfolio.

It goes way beyond being annoying, it is a huge mistake to find yourself in that position, life in general does not really give you too many chances to rapidly improve your life, and when you have one of those opportunities right in front of you, you have to take it.

If for some reason you fail at doing this, you will not know when such an opportunity will appear again, so I hope those that are heavily invested in dubious altcoins change their mind quick, or they may miss a bull run which is faster and stronger than what we may have imagined.

Bushdark

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This can be really annoying when we keep seeing our altcoins boiling deep while Bitcoin is going bull.
We need to see our holdings and look for good altcoins to buy if we want to hold and make money in the market.
There are some altcoins that would take time before they go bull, we need to avoid such kind of altcoins because we will have to hold and keep holding before we see any reasonable profits to again from our portfolio.

wxa7115

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Bitcoin is GOD

Quote from: btc78 on February 29, 2024, 09:20:48 PM

I have another question as well: Does someone really don’t hold bitcoin?

I do understand using altcoin for everyday uses but if it is for investment, I find it most effective that I hold some bitcoin and then some Altcoins. But anyway if that was not the case, how would I feel? First of all, I still would invest in bitcoin but it doesn’t mean I will be selling my altcoins.

Unless I see that there is no more potential for them but aside from that if I believe it has potential to generate some profit then I will still hold it. Remember that the general sentiment of the market relies on bitcoin and I believe that altcoins have a key role especially right after halving

You will be surprised by the number of people that do not hold any bitcoin, and this is because many of them think that it is too late already to invest in it and they are looking for other avenues in which to invest their money.

With altcoins being the natural alternative for them, however as we know very well, altcoins vary in quality, so if they happen to invest in a bad altcoin that is unable to gather the interest of enough people among our community, then they will lose everything they invested without any recourse to get it back.

MFahad

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Quote from: bSpend on February 28, 2024, 05:03:28 PM

How do you feel being balls deep in altcoin investment, when bitcoin alone is rising?
Do you feel like selling your alts and fomoing into bitcoin, or do you just hold, patiently waiting, believing that alt time to rise will come?

FOMOing is no solution to this, Bitcoin has already gone up so much, that it might have a correction at any point which will be useless if one sells their altcoin holdings and buys Bitcoin right now. One should keep holding their assets and hope that they also start going up if Bitcoin doesn't stop going up because they don't have a choice.
This is one reason why one should never be balls deep in altcoins when Bitcoin is the leader of the market and it is a known fact. So it should be first investment choice for everyone but most people these days invest more in altcoins out of greed because they believe altcoins tend to provide higher profits.

Volimack

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At the moment the price of bitcoin is rising much to the delight of investors who have been waiting for this bull period. Altcoins will rise in value as bitcoin price rises don't be disappointed altcoins will never stay deep altcoins have already risen in value. You will understand if you do a little market research. With the halving altcoins are in a good position following bitcoin's formula.

btc78

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I have another question as well: Does someone really don’t hold bitcoin?

I do understand using altcoin for everyday uses but if it is for investment, I find it most effective that I hold some bitcoin and then some Altcoins. But anyway if that was not the case, how would I feel? First of all, I still would invest in bitcoin but it doesn’t mean I will be selling my altcoins.

Unless I see that there is no more potential for them but aside from that if I believe it has potential to generate some profit then I will still hold it. Remember that the general sentiment of the market relies on bitcoin and I believe that altcoins have a key role especially right after halving

irhact

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Quote from: bSpend on February 28, 2024, 05:03:28 PM

So, I have a simple question 🙋.
How do you feel being balls deep in altcoin investment, when bitcoin alone is rising?
Do you feel like selling your alts and fomoing into bitcoin, or do you just hold, patiently waiting, believing that alt time to rise will come?

I won't sell my altcoins as Bitcoin is rising, I know that after Bitcoin is done rising, altcoins will pick up and starts it's own bull season that will give you more profit than Bitcoin if you're lucky to pick the right altcoin that gets the hype in altcoins season. Bitcoin rises first before altcoin rise therefore when you see Bitcoin rising don't regret that your altcoins aren't rising but use that time to do more research to pick good altcoins with strong fundamentals. Don't sell your altcoins as Bitcoin is rising.

When I'm investing I also get myself some Bitcoin and not only altcoins so when either of them is rising I'll be benefiting and not regretting that I didn't buy Bitcoin but only focus on investing in altcoins. Altcoins are always late and when many individuals begin to give up hope on altcoins, the bull season for altcoins come and make only those that didn't sell to make profits and the rest regret selling early.

goaldigger

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Quote from: kentrolla on February 29, 2024, 12:48:22 PM

I feel we need to hodl on altcoins as it's really make or break situation as we see few Altcoins pumping up suddenly and then dropping down after few hours hence the only option we have is to keep checking out portfolio or set up alerts so that you can sell it's your Altcoin's time to pump. But the problem is, it's really difficult to predict or know which Altcoin will go on rally when. I had same issues in the past as well hence shifted majority of my portfolio to Bitcoin to have some peace of mind.

Altcoins will catch up later on, its just that many are focused with Bitcoin right now because of its price value and that is the normal trend for cryptomarket. If Bitcoin will stabilize its price, then this is the right time for altcoins to pump as well, and that will happen any moment from now. Altcoins are good to hold too especially the top altcoins so make sure to have holdings as well, ETH will also lead altcoins for the pump.

bSpend

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Quote from: Yudhisthir on February 29, 2024, 12:53:31 PM

It's a happy moment for everyone. The bull everyone was hoping for is finally here. I guess there are many more rises and falls to come on crypto. Not sure what the highest point be this time. It's not just bitcoin but a lot of altcoins to increasing in price, some more than others.
And a good diversification would never make you sad. Anyone seriously into crypto must have a decent amount of bitcoin which they can now profit from. Next week, the bitcoin price may go slow but another good alt from your portfolio may make you happy.

Its only a happy moment for those who are or have invested heavily in bitcoin, and maybe some altcoin in the bear season, and honestly, I do not think we are in the bull season yet, this is if we are to compare the previous bull seasons and when they started, to this present season.
And if you asked, I would say that, according to previous data, the bull run is supposed to start around October this year, this is to say that what we are currently seeing might still be the effect of the bitcoin ETF approval, some one somewhere, or a government may be secretly accumulating bitcoin for what ever reason, and this may have been what lead to the pump in the last three days.

Yudhisthir

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It's a happy moment for everyone. The bull everyone was hoping for is finally here. I guess there are many more rises and falls to come on crypto. Not sure what the highest point be this time. It's not just bitcoin but a lot of altcoins to increasing in price, some more than others.
And a good diversification would never make you sad. Anyone seriously into crypto must have a decent amount of bitcoin which they can now profit from. Next week, the bitcoin price may go slow but another good alt from your portfolio may make you happy.

Topic: How Does it feel to be Balls Deep in altcoin, when only bitcoin is rising? (Read 369 times)