How it everyone feeling during this altcoin crash?

JamesDaniel90

member

Activity: 614

Merit: 25

Quote from: Kennymela on Today at 10:33:19 AM

Quote from: InGodwetrust on Today at 09:32:17 AM

That's a reason why it's not good to hold altcoins for long cause they can fluctuate and crash so easily, it's more advisable to just engage inshort term holding and take profit and run.

Altcoins are normally short term investment unlike Bitcoin who can withstand both seasons without entirely loosing it's value to nothing. Anyone getting involved with Altcoins should be very careful and good at timing time of entry and when to dismiss from the holdings.

No risk no reward Grin

.

Not going to change my life with Bitcoin which is why i have gone down the altcoin route.

I only have a few I consider really risky , the rest I am holding are pretty strong in the current top 60.

Kennymela

newbie

Activity: 2

Merit: 0

Quote from: InGodwetrust on Today at 09:32:17 AM

That's a reason why it's not good to hold altcoins for long cause they can fluctuate and crash so easily, it's more advisable to just engage inshort term holding and take profit and run.

Altcoins are normally short term investment unlike Bitcoin who can withstand both seasons without entirely loosing it's value to nothing. Anyone getting involved with Altcoins should be very careful and good at timing time of entry and when to dismiss from the holdings.

JamesDaniel90

member

Activity: 614

Merit: 25

Quote from: InGodwetrust on Today at 09:32:17 AM

That's a reason why it's not good to hold altcoins for long cause they can fluctuate and crash so easily, it's more advisable to just engage inshort term holding and take profit and run.

We all have different level of risk some are happy with a 5x return , some like myself want more like a 20x and with the bull run peak coming around the end of 2024 / early 2025 we still have a lot of room for these altcoins to grow particularly the strong ones so that is what I am holding for and expecting.

InGodwetrust

newbie

Activity: 2

Merit: 0

That's a reason why it's not good to hold altcoins for long cause they can fluctuate and crash so easily, it's more advisable to just engage inshort term holding and take profit and run.

JamesDaniel90

member

Activity: 614

Merit: 25

Quote from: DaMut on July 02, 2024, 11:33:55 PM

This is not the time to panic, you have already bought so if it dips below your entry you can just buy more and average it if you have the funds. Alot of people are usually distracted with little dips and crashes, I would say stay focused and keep looking at the bigger picture.

Yes , I am just counting down the weeks to be honest until we get to September as that is when i believe the altcoins will start going up again.

I think for the next few months we will go up and down but nothing crazy just sideways mainly.

DaMut

sr. member

Activity: 1246

Merit: 263

This is not the time to panic, you have already bought so if it dips below your entry you can just buy more and average it if you have the funds. Alot of people are usually distracted with little dips and crashes, I would say stay focused and keep looking at the bigger picture.

JamesDaniel90

member

Activity: 614

Merit: 25

We are now into July and I am hoping we have seen the worst of the altcoins crashing for now but lets see.

I think it will be very up and down over the next few months and then from September we will start properly going up for a great end to the year.

My portfolio is currently +47% after a good few days for some of my altcoins.

snapee11

jr. member

Activity: 182

Merit: 1

Quote from: JamesDaniel90 on June 18, 2024, 08:17:13 AM

My altcoin portfolio was +83% on the 9th June but is now +51% just 9 days later.

I am buying some dips but mainly just holding during these times and hoping we recover in the coming weeks.

When will this crash stop? and how is everyone feeling?

I have it in my mind we still have a few more months till alt season so I am just holding on for now.

Just staying positive all the way becaus panicking wont do us anything good. Our altcoins would really have a down but significantly it will also have a lot of
up moments, just make sure that we must be wise in dealing with all of our altcoins, on who we give up and who will going to hold still

wheelz1200

legendary

Activity: 3640

Merit: 1407

Quote from: JamesDaniel90 on June 18, 2024, 08:17:13 AM

My altcoin portfolio was +83% on the 9th June but is now +51% just 9 days later.

I am buying some dips but mainly just holding during these times and hoping we recover in the coming weeks.

When will this crash stop? and how is everyone feeling?

I have it in my mind we still have a few more months till alt season so I am just holding on for now.

It's just a period of consolidation right now. This is typical post bitcoin halving. There is excitement leading up to it then it dies off. Prices contract amd then afterwards history has shown a big explosion in market prices. If I had to guess I'd think 2025 will be a good year but every cycle is different so who knows.

Sophokles

hero member

Activity: 1190

Merit: 516

Eloncoin.org - Mars, here we come!

Quote from: JamesDaniel90 on June 18, 2024, 08:17:13 AM

My altcoin portfolio was +83% on the 9th June but is now +51% just 9 days later.

I am buying some dips but mainly just holding during these times and hoping we recover in the coming weeks.

When will this crash stop? and how is everyone feeling?

I have it in my mind we still have a few more months till alt season so I am just holding on for now.

And my portfolio is negative 15% or more i think. Actually, we need to change our point of view about the market. If it goes down, then its an opportunity for someone who is here for the long run. Short term holders can be afraid for any potential dump but a long term holder will keep their nerves high and DCA along the way. Its like strategy and emotion control. Whoever can do it better will see a good profit at the end. This is what i think about the market right now.

Yatsan

legendary

Activity: 2436

Merit: 1232

Leading Crypto Sports Betting & Casino Platform

Normal thing especially if you've been with multiple altcoin tokens. Altcoins are known to generate bigger profit due to larger increase rate on their market prices, but same goes with its volatility with price decline. If you are with good altcoins then there's no need to worry that much because recovery will take place eventually. However, if you are just engaging with "hyped" tokens then you'll need to have large amount of patient to be able to wait for things to be in green marks. As long as there is a decent volume then there will always be a possibility for recovery that you should wait. There are also times cutting the loss would be an option but be sure to bare with the permanent loss on your portfolio.

Quote from: StephenJH on June 30, 2024, 04:41:38 AM

No concrete answer but the altcoin crash may be actual till the end of the current year. Maybe, in a few months some corrections on charts are possible but for the long term, small altcoins don't have a survival rate, in my opinion. BTW, the volatility of the altcoin market makes it possible to melt the whole portfolio in a few weeks and the market can fix itself in a few hours. That is why it is called the crypto roller coaster, better to hold until green takes control back in every sphere of the crypto world. Just my 2 cents.

I actually see it the opposite; market price could increasewithin months and could be "melted" within a day or few. This is why it is a must to have stop loss and market behavior plan. If you give importance to the money you engaged, make sure to have it on your full time and not only when you're up.

Taskford

hero member

Activity: 2520

Merit: 783

I'm currently fine during altcoin crash because I don't hold much any altcoin since what I usually do is to sell them when I earn especially those what I earn from airdrop or other activities that give token as rewards.

But for other people speculating about those top coins then I guess its that's opportunity for people to buy especially if they see ETH and SOL to have a price drop. What's important for me is to accumulate bitcoin since this is the most ideal coin that can give us better profit if we decide to hold for long time. I also think many people prioritize bitcoin since they don't need to worry about certain dumps to happen since there would be a recovery would happen to this coin.

But if other is really a risk taker then its up to them if they want to adapt on the risk then gamble with those altcoins they are targeting to acquire.

StephenJH

hero member

Activity: 1442

Merit: 521

No more Rekt and Bust

No concrete answer but the altcoin crash may be actual till the end of the current year. Maybe, in a few months some corrections on charts are possible but for the long term, small altcoins don't have a survival rate, in my opinion. BTW, the volatility of the altcoin market makes it possible to melt the whole portfolio in a few weeks and the market can fix itself in a few hours. That is why it is called the crypto roller coaster, better to hold until green takes control back in every sphere of the crypto world. Just my 2 cents.

tygeade

legendary

Activity: 2086

Merit: 1058

Quote from: dansus021 on June 28, 2024, 07:03:55 AM

How it everyone feeling during this altcoin crash? Of course everyone will feel bad at thr moment but for a person had lot of cash they might see altcoin crash for an opportunity to buy more.

Market is uncertain and hard to predict but it always like that. So some people sad some people dont and for me im in the sad side haha

Those are the people who are not only lucky to have some money, but also the people who know what they are doing as well. There are two types of people during that period, people who have the money but they do not know what they are doing so they sell instead of buying ,and there are also people wh odo not have the money so can't buy even if they want to. These type of people do not feel happy when the price goes down, rest of the people who can hold long or can even buy, the yare all happy with the situation. I believe that price flals are a chance and if you take that chance then you are going to end up with a good profit and you should try your very best to purchase more during that time instead of selling any.

Furious 7

hero member

Activity: 2856

Merit: 644

https://duelbits.com/

Quote from: Rengga Jati on June 28, 2024, 05:31:48 PM

Quote from: Furious 7 on June 28, 2024, 04:52:44 PM

When you are in altcoin then indeed things like this must be prepared because this is a form of consequence for your actions in altcoin.
It should be realized that altcoin is a condition where it is indeed very much more risky when compared to bitcoin because indeed the risk of increase and decrease is much greater so don't be too strange if in the end the portopolio you have in altcoin will experience a very large increase in a short time but on the other hand the decline will also be felt .

In fact, both Altcoins and Bitcoin are currently falling drastically. In essence, the crypto market is currently experiencing a fairly rapid decline. Even in the 7 days since, specifically Bitcoin actually dropped more than -5%. Likewise with altcoins because usually altcoins will also follow the development of the Bitcoin market (except for certain conditions, there are altcoins that really go against the flow).

It's just that the point is, if the altcoins are top coins and have good potential to survive and rise again, then it won't be so worrying. The problem is that if it is a new altcoin or an altcoin that is not good enough, that is usually what will cause high levels of anxiety. Because that's it, Bitcoin has the smallest risk. If you want altcoins, just choose the top altcoins, at least not more than the top 20. Or even if I focus on BNB and ETH, which have to be added again.

Indeed, it cannot be denied but when talking about the decline in the end we must be aware that when talking about altcoin prices in the end always follows the movement of bitcoin and indeed when in altcoin it must be prepared with a considerable increase and decrease because indeed the risk in altcoin is ultimately greater than bitcoin so that regardless of anything the price of bitcoin will affect and when bitcoin falls to the price of $ 60k then indeed this will have an impact on the price of altcoin which is increasingly plunging.

Regardless of altcoins that are considered top coins or indeed meme coins, it will still be the same in the end where those who are sure to get a big impact because of the decline in bitcoin occur so that when the OP feels that his portfolio is shrinking in terms of value when in altcoin then don't be too strange about it because in the end this is a form of risk that must be accepted.

Mr. Magkaisa

sr. member

Activity: 770

Merit: 284

- This time, altcoins crashed in the market, which is fine with me because this is an opportunity for me to buy altcoins that I am saving at a low price now while Bitcoin is in correction in the market today. Isn't that the way that the majority of the of the community works in this field of the crypto space?

And I also know that there are many others out there who are also doing this method of accumulating top altcoins right now, and I hope we don't waste the opportunity like this again and again.

terrific

hero member

Activity: 2156

Merit: 506

#SWGT PRE-SALE IS LIVE

I do not like it when it crashes but we have to adopt it and if you are not yet content with how much is in your portfolio.
Just think of it as another round for you to have some more and purchase more while the prices are cheap.

shinratensei_

legendary

Activity: 3136

Merit: 1024

Leading Crypto Sports Betting & Casino Platform

Quote from: JamesDaniel90 on June 28, 2024, 05:21:29 AM

We are almost in July and I am just counting down the weeks till all-season which will hopefully come around September time so only a few more months.

The altcoin season probably will not be a thing in the future in my opinion, i've seen the trend of narratives diverging to each other, most of the meme coins and the EVM based coins are doing so well with the recovery but the modular blockchain coin are still under the weather.
feeling so unlucky investing in coin like TIA i thought it's gonna be the next ethereum turns out I was wrong Grin

.

good thing though, the meme coin recovery has covered the loss I have with the modular blockchain coin, though not all, but at least meme coin did me some good, still baffle me how meme coin always outperforms some altcoin with real working blockchain.

Scarlett_23

jr. member

Activity: 12

Merit: 0

The price of Bitcoin sometimes goes up and sometimes goes down. When the price of bitcoin increases, the price of alt coins also increases. When the price of bitcoin decreases, the price of alt coins also decreases. The price of Bitcoin in the market is fluctuating within a certain range. Recently its price has come down a bit more. Currently the price of Bitcoin is at 60k dollars. But on 23 June 2024, its price was 64k dollars. As long as Bitcoin is bullish i.e. its price does not go to 70 or 75 k dollars the price of altcoins will not increase. But it is completely temporary. Although no one can say it but hopefully it will bullish once again in the last months of the year. So I say be patient and wait.

Issa56

hero member

Activity: 1400

Merit: 911

Quote from: JamesDaniel90 on June 18, 2024, 08:17:13 AM

When will this crash stop?

I don’t think anyone knows when the crash will stop, if people know when it’s going to stop, then that’s when they are going to start investing, so as you don’t know when the crash is going to stop, then the best thing to do is that you should keep on holding, and if you are having more money, and you feel like investing, you can invest more, but make sure the altcoins which you are investing in are strong ones and not the weak ones, because some weak ones might die during the bear.

Quote from: JamesDaniel90 on June 18, 2024, 08:17:13 AM

and how is everyone feeling?

You don’t expect people to be happy, the only people that are always happy when theirs a dump are people that haven’t accumulated before and are just starting, but people that have been holding before are not always comfortable.

Topic: How it everyone feeling during this altcoin crash? (Read 779 times)