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

JamesDaniel90

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Quote from: cute nmp on June 23, 2024, 04:21:44 PM

Honestly, this altcoin crash has people feeling all sorts of emotions. A lot of folks are really anxious and frustrated seeing their investments tank. Only Long-term holders are a bit more optimistic, thinking this could be a good buying opportunity ,Pretty sure the newer investors are pretty regretful by now. I too wish i had sold at least 50% of my altcoins before now cause the market isn't ready to stop tanking down anytime soon .

None of us knew for sure that this crash was coming - if we did then we would all be millionaires as we would be able to time the market, but we cant.

All we can do now is hold strong for the next month or so and buy any dips we can afford.

Good times will be back again probably August/ September time.

JamesDaniel90

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Quote from: Psynthax on June 24, 2024, 03:20:50 AM

Quote from: SUPERSAIAN on June 23, 2024, 04:40:12 PM

If you still maintain a 50% profit after the collapse of altcoins, you are in really good shape. The majority of investors did not make it, as is the case with most declines.

I can clearly say that I am at a loss, and I am not surprised by this, but even though it may not be the bottom, altcoins are at the bottom, so I am not worried and I am waiting for the moment to come. The market is like that, it really puts a strain on people's psychology, and it's not easy to endure these devastations.

Man, good thing i've reallocated most of my portfolio from shitty altcoins to at least the better altcoin (ethereum), the ETF really does give strength to ETH making it among the strongest altcoin withstanding current waves of price correction.

can you imagine had I still not reallocated my asset, i would've been -60% probably which could erase my profit i make from the beginning of the bullrun all the way to today.

pretty scary landscapes in the altcoin market, some even so sure that altcoins facing bearish season due to many projects getting undervalued.

the benefit of sticking to etheruem and bitcoin is like this, more resilient toward market correction, even if it dumps it doesn't dump too much compare it with TIA for example, losing 50% with just slight market cough.

Dont be scared that is what the big boys want they are trying to make the average person panic sell.

I am +42% currently, could be +32% this time next week but in a month I could be close to +100% again.

We just have to get through the next month or two and then last 4 months of the year we will be rewarded.

Psynthax

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Quote from: SUPERSAIAN on June 23, 2024, 04:40:12 PM

If you still maintain a 50% profit after the collapse of altcoins, you are in really good shape. The majority of investors did not make it, as is the case with most declines.

I can clearly say that I am at a loss, and I am not surprised by this, but even though it may not be the bottom, altcoins are at the bottom, so I am not worried and I am waiting for the moment to come. The market is like that, it really puts a strain on people's psychology, and it's not easy to endure these devastations.

Man, good thing i've reallocated most of my portfolio from shitty altcoins to at least the better altcoin (ethereum), the ETF really does give strength to ETH making it among the strongest altcoin withstanding current waves of price correction.

can you imagine had I still not reallocated my asset, i would've been -60% probably which could erase my profit i make from the beginning of the bullrun all the way to today.

pretty scary landscapes in the altcoin market, some even so sure that altcoins facing bearish season due to many projects getting undervalued.

the benefit of sticking to etheruem and bitcoin is like this, more resilient toward market correction, even if it dumps it doesn't dump too much compare it with TIA for example, losing 50% with just slight market cough.

JamesDaniel90

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Quote from: SUPERSAIAN on June 23, 2024, 04:40:12 PM

If you still maintain a 50% profit after the collapse of altcoins, you are in really good shape. The majority of investors did not make it, as is the case with most declines.

I can clearly say that I am at a loss, and I am not surprised by this, but even though it may not be the bottom, altcoins are at the bottom, so I am not worried and I am waiting for the moment to come. The market is like that, it really puts a strain on people's psychology, and it's not easy to endure these devastations.

Just woke up and see the markets have fallen further and my portfolio is now +42%.

I continue to hold and not panic yet but must admit have been getting feelings of depression lately but surely market will bounce back soon as we have been going down for over a month now.

Godday

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Quote from: SUPERSAIAN on June 23, 2024, 04:40:12 PM

If you still maintain a 50% profit after the collapse of altcoins, you are in really good shape. The majority of investors did not make it, as is the case with most declines.

I can clearly say that I am at a loss, and I am not surprised by this, but even though it may not be the bottom, altcoins are at the bottom, so I am not worried and I am waiting for the moment to come. The market is like that, it really puts a strain on people's psychology, and it's not easy to endure these devastations.

To be honest, currently I have experienced a loss of around 50% of my altcoins. This is very painful and stresses me out. I had to cut losses several times because I needed the money for something urgent. I have invested with cold money but I can't hold it for a few months. I put my money in altcoins around February and you know that currently the price of altcoins has experienced a significant decline since last May.

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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.

An investor must have a good knowledge of the market before investing. All the altcoins are losing their prices in a big way in the current state of the market. Those who invest in altcoins despite this situation will surely lose. But those who have already invested have to wait for this period. The market will not always remain in the same position, if it is bearish now it will be bullish again later. This is the religion of trading platforms. Those who have already made investment decisions can wait for a few more days. The market will turn again at any time. All altcoins can regain their strength if the Bitcoin price moves upwards from this position. Those who are interested in investing from this dip can invest and hold. Risks must be taken in the crypto market. However, it is important to analyze the market well before investing.

SUPERSAIAN

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If you still maintain a 50% profit after the collapse of altcoins, you are in really good shape. The majority of investors did not make it, as is the case with most declines.

I can clearly say that I am at a loss, and I am not surprised by this, but even though it may not be the bottom, altcoins are at the bottom, so I am not worried and I am waiting for the moment to come. The market is like that, it really puts a strain on people's psychology, and it's not easy to endure these devastations.

cute nmp

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Honestly, this altcoin crash has people feeling all sorts of emotions. A lot of folks are really anxious and frustrated seeing their investments tank. Only Long-term holders are a bit more optimistic, thinking this could be a good buying opportunity ,Pretty sure the newer investors are pretty regretful by now. I too wish i had sold at least 50% of my altcoins before now cause the market isn't ready to stop tanking down anytime soon .

South Park

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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.

I hope that you bought some good altcoins, if not then the only thing I can say is that you will face very difficult circumstances, as when a new altcoin has to go through adverse market conditions, it is unlikely that it will be able to survive, and this is because it is during that period in which it is the most vulnerable, and at the same time, if an altcoin fails to gain the support of the community during that time, then after a few months many competitors will appear, which will steal the spotlight and will not allow it to grow anymore.

FanEagle

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People do not really care about the crash in a "feeling" manner but more about curiosity instead. Because we are aware that there will always be super high peaks and super low crashes, we could go down 90% and we could go up 20x, those are all possible outcomes. This is why I think it is clear that we are going to face some trouble, and we should realize how easy or difficult it could be.

Emotions do not have any place in this, sure some people do go with their emotions and feelings, but those people end up losing a lot of money. We should instead consider how it would make a lot more sense if we could end up with zero emotions, and just realize when it's down, then it means it will go up eventually and we should hold tight until it does.

JamesDaniel90

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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.

No one knows when the peak is , when i was +83% it could have gone even higher. I don't try and time the market as that is how things get complicated and you get wrecked.

The market continues to fall and I am currently +48% overall now. It could be a lot worse, I hear many who are currently down on their portfolio.

Hopefully we have a few more weeks or a month or so of this down and sideways action before we can start going up again - when we pump my portfolio grows very quickly.

d3nz

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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.

Also, you will also know through volume if there is just fake pump or dump and when to ride it.

asriloni

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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.

Wexnident

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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.

muncuss

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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.

Topic: How it everyone feeling during this altcoin crash? - page 12. (Read 3160 times)