How it everyone feeling during this altcoin crash? - page 12.

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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.

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.

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Quote from: EarnOnVictor on June 19, 2024, 03:47:09 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.

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.

Almost every crypto investor is feeling the heat my friend, and I must say that it is not looking good for some altcoins in my arsenal now, they are losing, while those that were bought at a very low level have dropped some sizable profits that are not comfortable truly. Had it been it was another asset class, I would have managed them better because I always know when the market is making a retracement or reversal. But the fact that we are still in the long-term bull run was why I left them with a high level of doubts though. I will continue to look at the situation, however, if the truly cryptocurrency stands true to its past, the true bearish season should start in 2025, this one is just a peripheral.

And yes, buying the dip could be a very good idea and will help you to make more money in the end. But we should pray that everything works fine, otherwise, it will be an issue. Also, the chart is the best to tell us when this selling will stop, and when the time comes, we will all know just like now (bullish time). As for the altcoin season, I hope such a thing still exists in the crypto world, things are changing, and I hope it doesn't include that.

I think we will see the true Alt season when the wars in Israel and Ukraine come to an end plus Trump being re-elected

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Well yes my crypto portfolio did lose alot of funds now with this altcoin crash. But we can also say it is not just a alt coin crash but Bitcoin crash also.
But I do think it is more like a correction then a crash like you called it. We did not lose so much in this correction. I did not lose so much like you 83% to 51%.
But all crypto investors we just need to still hodl. I do think there is going to be big profits this year and then in year 2025. We will all gain big profits so do not sell your coins now.

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I don't think it's that bad yet? Sure, I'm down in the red but it's only by a few %. Probably 10% at most at this point and imo, that's pretty small. Especially if you consider how most of the alts I had was at least 6 months before, so I'm pretty sure I'm still in profit in general.

I'd say I agree with others, just a correction. Similar to how I'm viewing BTC right now. I get that a lot of people are down because they were expecting a boom or something but it never was supposed to do so imo, at least in the past few months, and maybe a couple more. Fully expect it to happen by start of next year really, if it does happen. And it's not even down that badly, similar to how most markets are (at least ones that I'm in).

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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.

From what I've seen in your posts, I can see that you are holding a variety of good altcoins. My portfolio, which was up above 100%, has recently gone below 10%. Meanwhile, I see memecoin holders having huge gains.
As for when the crash will stop, I think no one can predict this, but I'm sure that when the bull market commences, there won't be any crash. Even dead coins will wake up and try to regain their former levels by then.

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This is just regular correction but what make me regret is i start my trading bot at high price even knowing from chart that it can go down. Hopefully no longer than half a month market will recover to the point that my bot is in profit

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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.

To be fair as long as we are in profit, we shouldn't really worry about it all that much, we should consider this as very normal and not really make a big deal out of it. There will always be small drops here and there, the market has to have drops so that it could have increases as well, without that drop, increase can't sustain forever and it would hurt the market.

We are seeing the drop right now, that means that next up will be the increase and we should probably consider that as the best timing to invest. If you invest right now, then you are going to make a good return, a lot of people miss that chance and I would say that it is not going to end up being something too crazy, we should just learn to be able to wait for it.

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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.

It's nothing new and happens quite often.
In fact, once my portfolio was -10% or even more. And if we look at recent market conditions, we can understand why our portfolio has become very volatile. Yes, because the market can very easily experience an up-trend and then crash again. And this back and forth happens and is normal. So yes, it depends on how we respond to it. Here, we really need to think about how to prevent our portfolio from dropping that drastically.

Yes, one of them is understanding what coins we should invest in. because usually when we buy altcoins that are previously due to hype, then the possibility of them suddenly dropping very significantly is very big. This is the risk. However, if we take more top coins, the risk of the drop is still there, but it's not as big as the hype coins. So, this will also depend on our decision to invest in what coin.

Yes, we just have to be patient and wait for our portfolio to return to the top again.

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

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.

No one can accurately tell you when the crash is going to stop, but since we are still in the bull season, I believe that most investors are still expecting the peak of the bull to happen next year, and by then every altcoin that is meant to pump will definitely pump, but not every altcoin that will pump. If you are lucky to have your investment among the coins or tokens that will pump, then you will surely make your profit back. Since you are still holding your coins, you have not lost anything unless you sell them cheaply. Since the price of Bitcoin went from $72k to $64k, it also affected other tokens.

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Quote from: Cadaver20 on June 19, 2024, 10:15:12 AM

Quote from: JamesDaniel90 on June 18, 2024, 10:11:54 AM

Quote from: Cadaver20 on June 18, 2024, 10:05:48 AM

Your portfolio is still +51% after the altcoin crash but my portfolio is -22%. Now think how I feel. At least you can take some comfort in thinking of me.
Those who are traders feel bad when altcoin crashes. But many take it as an opportunity and fill their altcoin bag. But I'm looking forward to the next altcoin season. Hope my portfolio will be positive.

I have 2 altcoins which have given me great profits over the last 3 or 4 months, without them I would not be as well off as I am now.

I just hope we don't go much lower as I thought I was done buying and to be honest I'm tired of it I just want alt season to come so i can finally cash out some profits.

You are a lucky man. You are blessed with cryptocurrency. Before investing in each altcoin, you must do your research. It is not advisable to invest in any altcoin with too much enthusiasm because of profit. Because once the portfolio is negative, it will be necessary to wait for a long time until the next altcoin season.

We haven't even hit alt season yet and I feel I am ready for it, have been buying my altcoins for a while now and I am ready to hold and take profits over the next 6 months or so.

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Quote from: JamesDaniel90 on June 18, 2024, 10:11:54 AM

Quote from: Cadaver20 on June 18, 2024, 10:05:48 AM

Your portfolio is still +51% after the altcoin crash but my portfolio is -22%. Now think how I feel. At least you can take some comfort in thinking of me.
Those who are traders feel bad when altcoin crashes. But many take it as an opportunity and fill their altcoin bag. But I'm looking forward to the next altcoin season. Hope my portfolio will be positive.

I have 2 altcoins which have given me great profits over the last 3 or 4 months, without them I would not be as well off as I am now.

I just hope we don't go much lower as I thought I was done buying and to be honest I'm tired of it I just want alt season to come so i can finally cash out some profits.

You are a lucky man. You are blessed with cryptocurrency. Before investing in each altcoin, you must do your research. It is not advisable to invest in any altcoin with too much enthusiasm because of profit. Because once the portfolio is negative, it will be necessary to wait for a long time until the next altcoin season.

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Quote from: jaberwock on June 19, 2024, 06:23:22 AM

Quote from: Cadaver20 on June 18, 2024, 10:05:48 AM

Your portfolio is still +51% after the altcoin crash but my portfolio is -22%. Now think how I feel. At least you can take some comfort in thinking of me.
Those who are traders feel bad when altcoin crashes. But many take it as an opportunity and fill their altcoin bag. But I'm looking forward to the next altcoin season. Hope my portfolio will be positive.

Yeah, he was still up even though his profits got lowered down. I think the lesson here is not to be greedy and cashed out the profit that we have made already if it's already good enough. Over 80% of profits is an example of it.

I wonder what he was still waiting for? Maybe for it to be 100% or more? Dang. Traders are more prone to volatilities, so if there is one here who can feel bad about the crash, then that would be the investors but like you said, instead of feeling bad, why can't they just look at the bright side and see this as a window of opportunity to buy coins cheaply, right? We aren't done with this current alt season that we have now, so don't be hasty mate

.

I am waiting for the main part of the bull run which will come end of this year / early next year.

I don’t want to be clever trying to time the market it is easy to say I should have sold and then buy back in lower but no one knows when is best to do that.

I want 1000% return not 80% which I why I will continue holding until I have that 1000% return and that will come in the peak of the bull run over the next 6 months or so.

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Quote from: Cadaver20 on June 18, 2024, 10:05:48 AM

Your portfolio is still +51% after the altcoin crash but my portfolio is -22%. Now think how I feel. At least you can take some comfort in thinking of me.
Those who are traders feel bad when altcoin crashes. But many take it as an opportunity and fill their altcoin bag. But I'm looking forward to the next altcoin season. Hope my portfolio will be positive.

Yeah, he was still up even though his profits got lowered down. I think the lesson here is not to be greedy and cashed out the profit that we have made already if it's already good enough. Over 80% of profits is an example of it.

I wonder what he was still waiting for? Maybe for it to be 100% or more? Dang. Traders are more prone to volatilities, so if there is one here who can feel bad about the crash, then that would be the investors but like you said, instead of feeling bad, why can't they just look at the bright side and see this as a window of opportunity to buy coins cheaply, right? We aren't done with this current alt season that we have now, so don't be hasty mate

.

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I am just buying the dips and holding - I think we have another few months and then then last 3 or 4 months of 2024 will be great for crypto again.

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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.

One of the biggest things that I have learnt about cryptocurrency is that it is not investments and trading for jobless people because when price dips, you need to wait for price to pump favorably before selling you coin or token, if not you can be tempted to sale at a lose and use the money for other needs. When there is price dip in Bitcoin and altcoins, holders needs to wait for price correction before they will start to see price surge. That is why everybody that wants to buy any cryptocurrency needs to carry out research about the project before buying, to be sure that it is not a scam, so that they can wait for the price to pump before selling. This is a good time to buy altcoins now that their prices are in dip before the alt season will start.

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We are all waiting for altcoin season. But the opposite situation is seen in the market. Many thought that Bitcoin would hit $100k this time and that altcoins would also get a huge pump. As a result, many people bought altcoins at a slightly higher price. But the market is still not seeing the expected pump of altcoin, instead altcoin is crashing. It's really sad. Already many portfolios have gone negative. Everyone is now holding coins in anticipation of altcoin season.

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Altcoins have mostly been riding Bitcoin’s coattails in the bull market. It is good that many of them are falling harder because they were overpriced to begin with. Coins that have some utility did not suffer as badly in recent days. The market is actually behaving rationally, and the bubble is bursting for a lot of the memecoins and some other garbage tokens.

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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.

Almost every crypto investor is feeling the heat my friend, and I must say that it is not looking good for some altcoins in my arsenal now, they are losing, while those that were bought at a very low level have dropped some sizable profits that are not comfortable truly. Had it been it was another asset class, I would have managed them better because I always know when the market is making a retracement or reversal. But the fact that we are still in the long-term bull run was why I left them with a high level of doubts though. I will continue to look at the situation, however, if the truly cryptocurrency stands true to its past, the true bearish season should start in 2025, this one is just a peripheral.

And yes, buying the dip could be a very good idea and will help you to make more money in the end. But we should pray that everything works fine, otherwise, it will be an issue. Also, the chart is the best to tell us when this selling will stop, and when the time comes, we will all know just like now (bullish time). As for the altcoin season, I hope such a thing still exists in the crypto world, things are changing, and I hope it doesn't include that.

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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.

Nope we don't know what will be the end point of this and you or other people need to relax if they are afraid for possible more dumps to come.

Remember that until you didn't sell all your holdings you still have a chance to recover. But if you decide to sell because you are more afraid for seeing the read candle sticks continues to fall down then I guess for that you are in total loss. That's why its important to consider always that invest only what you can afford to lose so that whatever happen on the market you can simply look at it and think other positive perspective.

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Quote from: goaldigger on June 18, 2024, 04:11:29 PM

Stick with your strategy and if it’s already below your cut loss price, then better to sell it now or if its not on this level then you can still hold and have a hope that it didn’t hit your cut loss price. You have to be more cautious in investing with altcoins as they are also dependent with Bitcoin and right now, the market is not doing good but still the bullish trend can still happen this year, so let’s see if we will survive this drop so we can continue the up trend.

Losses and profits should be taken in good term. Bitcoin and other altcoin projects will dump heavily because we're in bear season and we know what it means. This is the prospect where most of these investors and traders trigger the sell button because they're scared of the market and having slim chances of the market will be unspecified. Holding and patience should be examined at this point in time because more challenges comes and we're here to face them.

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