How it everyone feeling during this altcoin crash? - page 11.

Rengga Jati

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Quote from: dansus021 on June 28, 2024, 06:03:55 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

The sad part is:
because when altcoin prices really crashed, I didn't have much money to buy them.
That's the main problem sadly. If the problem of portfolio decline is normal, just wait for it to work and be patient waiting for the altcoin season. As long as you don't rush to sell it, it's safe. As long as they are altcoins that have potential, not bad luck. Cheesy

Quote from: Furious 7 on June 28, 2024, 03:52:44 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.

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Quote from: JamesDaniel90 on June 18, 2024, 07:17:13 AM

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

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 .

Altcoin is still fully dependent on the increase in bitcoin even though it is not directly connected but when talking about prices, the increase and decrease in altcoin will still depend heavily on bitcoin so don't be too strange about the fluctuations that occur with the portopolio you have, especially for the problem of reduction because it is a risk that must be borne when in altcoin .

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Quote from: TastyChillySauce00 on June 27, 2024, 12:30:44 AM

Long-term users must be patient while they wait for the golden momentum to help their asset go up again, which will return their unrealized profit. Though it may take months or years, you trust that your tokens will rise. You're fine as long as you don't have any meme tokens in your portfolio, but it appears that you do.
I did the "Sell on May then Go Away" strategy, and I'm all good today, but I made a big profit after buying when bitcoin fell below $59k. It appears that you should create a message to remind yourself that you can sell in May and then walk away until the end of the year. Cheesy

That's the hardest thing for many people. When we are talking about something like bitcoin, or even ethereum, then it is easy for people to wait for years and even in that situation a lot of people have trouble and sell as soon as they see a drop. But when we are talking about a token, anything that is low, like not even in top 50, then when they see a drop they know that it may even crash to zero, we have seen a lot of examples for that.

This is why I think it is quite clear that we are going to have some trouble if we are not careful. This is why a lot of people sell very quickly when they are holding a small cap project and the price starts to show some signs of dropping. The solution is to invest into things you can trust to hold for long time.

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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

JamesDaniel90

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Current update - my portfolio is +45% right now and to be honest I am happy overall considering we have had a bad 6 weeks or so for altcoins.

Once the market starts going up again it shouldn't take long for me to be close to +100% again.

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.

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Feeling upset about this isn't that wrong, you could feel upset as much as you want, as long as you do not react to it. I feel happy, why? Because alts are cheaper than they should be, and that is a good thing, we should definitely end up doing something much better if we invest right now, that is my thought of course and not really considering it as something that would be too wild. This is just my idea and if I invest when it is down then I am going to make a good income from it as well.

This way, when they go down, you buy it at a lower price than it was, and then when the price recovers you end up selling it at a higher price, keep doing that a few times a year and you get yourself a good profit which is above the market return.

TastyChillySauce00

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Quote from: JamesDaniel90 on June 24, 2024, 05:16:27 PM

Quote from: Rasa nanas on June 24, 2024, 04:04:20 PM

What altcoin did you buy so that you got that big profit? The profits you get are very large because the price of Bitcoin and most altcoins is currently stable. You said the alt season will come in a few months but this is still uncertain, especially as currently the halving does not have a big effect on the price of bitcoin. maybe you should sell it because you have made huge profits and invest in potential altcoins like ETH and BNB.

I am not selling my altcoins I am just going to hold the ones I have currently and buy a little bit every now and then during this dip but I don’t have much spare cash at the moment so I am mainly holding waiting for the next leg up which will hopefully come soon.

Long-term users must be patient while they wait for the golden momentum to help their asset go up again, which will return their unrealized profit. Though it may take months or years, you trust that your tokens will rise. You're fine as long as you don't have any meme tokens in your portfolio, but it appears that you do.
I did the "Sell on May then Go Away" strategy, and I'm all good today, but I made a big profit after buying when bitcoin fell below $59k. It appears that you should create a message to remind yourself that you can sell in May and then walk away until the end of the year. Cheesy

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That is an evidence of bearish season OP, because once the bearish season is happening in the market, holders will begin to experience reduction of their coins in their wallet but you don't need to be panic, because it will definitely increase high when bullish season appear. I think, the altcoins bullish season is very close for long term holders and short term holders to experience from the market, because whenever the price of altcoins is decreasing in the market show that it will increase high to reach a new ATH in the next month. If you are holding a potential altcoins, don't allow anything to discourage you to trade in this bearish season, because there is a massive bullish season ahead for those that will continue holding their altcoins.

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Hopefully 83% of your portfolio is the top altcoins that have good development, always updated, and the rise will come soon when the price of Bitcoin also recovers.
You don't have to worry if it's the best, just wait and if you have spare money, buy it again at a cheaper price.

But I hope you have BTC and ETH, because BTC is the main portfolio and ETH is the second choice. Some of the top altcoins are also pretty good, like SOL and BNB.
The collapse will definitely stop and become a bull market, just be patient and don't panic. This is common in crypto and the market will continue.

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Quote from: JamesDaniel90 on June 18, 2024, 07:17:13 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.

On the moment that you would really be seeing your portfolio is dropping then it would really be that so damn hard to make yourself that not able to have those kind of reactions or making yourself that stone cold.
If you are someone whose really that dealing up with this market on a couple of years or long time then these movements wont really be that shocking anymore. For those who are just starting up then it would be
normal that there would really be that freaking out or having that kind of worrying inside on the moment that they will really be seeing some crash on which i could say that it would really be just that normal.
Holding up your position would really be just that entirely depending on you because if you do have trust about on the coins or project on you've been holding then you would stood your ground and wont really be
trying to take profits.

The hard thing on these moments is that on the time that you have seen your port on 0% or negative profits on which it would really be making already that kind of hesitation
and you might be ending up on cutting your losses on the moment that it would happen. This is why it would really be that situational on this part if we do speak
about these probabilities.

JamesDaniel90

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Much better day for my altcoin portfolio today +6% in the last 24 hours.

Hopefully we have seen the bottom of this crash we have experienced in the last month or so.

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Quote from: cute nmp on June 25, 2024, 12:07:38 AM

Well it's devastating for one to take a look at his portfolio right now .Most of the altcoins have lost so much value just hoping the bearish move will end soon

Meanwhile altcoins are showing bullishness in a podcast right now, crypto by highlighting meme coins is having a negative impact on the market it seems like memecoins and the emergence of fomc are contributing to this volatility, by withdrawing projects actually delaying the expected rise of altcoins just hoping the bearish movement will end soon by showing the outlook carefully wait for stronger market signals.

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Quote from: cute nmp on June 25, 2024, 12:07:38 AM

Well it's devastating for one to take a look at his portfolio right now .Most of the altcoins have lost so much value just hoping the bearish move will end soon

The bearish market is an important part of the market where investors seize every opportunity to accumulate more Altcoins into their portfolio. A good Altcoin having lost so much value will definitely retain its value when the bull run begins and even go higher than expected.

cute nmp

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Well it's devastating for one to take a look at his portfolio right now .Most of the altcoins have lost so much value just hoping the bearish move will end soon

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Quote from: d3nz on June 21, 2024, 04:13:47 AM

Quote from: asriloni on June 21, 2024, 02:34:17 AM

Quote from: JamesDaniel90 on June 18, 2024, 07:17:13 AM

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

Did you overtrade for your portfolios? Why didn't you sell them all at the peak?

Quote from: JamesDaniel90 on June 18, 2024, 07:17:13 AM

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.

Instead of buying on a downturn, why not short the market?

The market seems doubtful to recover in the next weeks for me. Though I do not rule out the possibility of a recovery, simply look at the bitcoin chart to see that the market takes months to recover.

To be honest, nobody knows when the crash will stop; hence, if I knew when the market would stop, I would jump in or even sell my car to get cryptocurrencies.

Although market collapses are not unusual in the bitcoin sector, I really think that everyone who did not sell at high regrets their decisions.

If you are talking about future trading then I would not recommend it and hence you also mention that nobody knows when it will crash. Doing DCA is suggested for people who don't know how to read and analyze the chart.

Futures trading doesn't just fit in this context, although some people are trying to attach the DCA approach to it in a way, but the approach will only be fitting for investment purposes. However, the DCA approach is for everybody, this is in contrast to what you stated, but the fact remains that you may not need the chart again when you opt for it. So these are two different things because just that you didn't read the chart doesn't mean you can't read it, and since you've averaged the risk/rewards through the DCA approach, there is nothing to be afraid of or read the chart for gain. All that matters is to have an unwavering belief in the project/asset you are averaging, otherwise, it could lead to regret.

JamesDaniel90

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Quote from: Rasa nanas on June 24, 2024, 04:04:20 PM

What altcoin did you buy so that you got that big profit? The profits you get are very large because the price of Bitcoin and most altcoins is currently stable. You said the alt season will come in a few months but this is still uncertain, especially as currently the halving does not have a big effect on the price of bitcoin. maybe you should sell it because you have made huge profits and invest in potential altcoins like ETH and BNB.

I am not selling my altcoins I am just going to hold the ones I have currently and buy a little bit every now and then during this dip but I don’t have much spare cash at the moment so I am mainly holding waiting for the next leg up which will hopefully come soon.

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What altcoin did you buy so that you got that big profit? The profits you get are very large because the price of Bitcoin and most altcoins is currently stable. You said the alt season will come in a few months but this is still uncertain, especially as currently the halving does not have a big effect on the price of bitcoin. maybe you should sell it because you have made huge profits and invest in potential altcoins like ETH and BNB.

mindrust

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I don't feel anything. I still own the private keys of my coins and my coins stay in my cold wallet. Safe and sound. As long as I don't lose coins, I don't lose anything. These crashes are temporary. My main altcoin is Litecoin and it is below $70 at the moment but I have zero fear. Sooner or later It will go above $100 again and then some more. I've been reading the news and they tell Litecoin has one of the most active addresses lately. These low prices don't mean anything to a coin like that. It will correct itself soon.

JamesDaniel90

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o48o - I have been in crypto over 2 years so have experienced the 2022 crash.

This is not as bad as that but Altcoins going down over 50% is more than a dip isn’t it?

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Quote from: el kaka22 on June 18, 2024, 03:03:52 PM

This isn't really a "crash", this is a correction. Crash was what happened in 2022, if you go and take a look back on what happened at 2022, or even 2018, then you will see what a crash looks like, this is more like it is something you could definitely consider as normal and corrections happens all the time.

We shouldn't judge the market on brief moment of drops, because those drops could recover in a week, and anything that can be recovered in a week is not a big deal to me. Just keep on buying and holding trustworthy good projects and when it recovers you are going to make a good return from it for sure, it is not going to be such a big major deal, we should not be really worried about it at all, it could be something nice.

Hear, hear.
Although it's always hard to tell if people are newbs in the scene because new accounts, i am guessing JamesDaniel90 is new and this is OP's first real crash, so it's subjective to his bags.

But JamesDaniel90... You might want to scale back the charts to see how much people have been losing on crashes and why we are calling these dips. People who wouldn't be looking their bags weekly wouldn't even notice this. If you believe in your bags, forget them and look back when some lesser known high cap altcoins trend on your local news feed, newly rich are interviewed and "experts" say that blockchain is the next big thing. That's the only sell the news event you really need. Everything else is noise.

Here's a tip to OP from someone who came in early, that i've learned so far:

If you are not a day trader, and want to keep up on what's going on, look for news in development only. Trying to chase markets and trends will burn you up. Only way to bet on the trend is to know what the next trend is, and that you can sniff if you are following development. That's how people got into NFTs and dexes early.

Topic: How it everyone feeling during this altcoin crash? - page 11. (Read 3160 times)