How it everyone feeling during this altcoin crash? - page 2.

sarmrakib

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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?

It's a common behave of market going through up and down. Through this volatile situation you have need to make a plan where you need to take entry and exit. You said you were in profit so that you surely need to exit with your plan so that you will be on profit. However you said you still in profit make your plan hope you can exit with your time. However It's true that it still season of uptrend so that we can become more patient to get a good chance and exit with profit.

d3nz

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Quote from: Nothingtodo on July 04, 2024, 07:12:47 AM

As much as the Bitcoin market goes down, the amount of grief is felt. Altcoin always goes down ten times in the Bitcoin market, that is, 10 times the grief of Bitcoin is available in the case of Altcoin. I don't understand why the market is going down right now especially altcoins are dumping so much that it is very difficult for a normal investor to accept.

That's part of the market cycle and there are ups and downs, and you don't know when it will happen. When BTC starts going down, then it affects the value of altcoins. That is why you always need a backup plan in case the market crashes and a great plan would be having a stop-profit/stop-loss position and on these case you don't have to worry on what will happen to the market since you are ready.

JamesDaniel90

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Quote from: Nothingtodo on July 04, 2024, 07:12:47 AM

As much as the Bitcoin market goes down, the amount of grief is felt. Altcoin always goes down ten times in the Bitcoin market, that is, 10 times the grief of Bitcoin is available in the case of Altcoin. I don't understand why the market is going down right now especially altcoins are dumping so much that it is very difficult for a normal investor to accept.

I am not stressed this is normal before the main part of the bull run i think we will have a few more months like this and then from September/ October we will will have a great few months like we did earlier in the year when we saw new all time high in March.

Nothingtodo

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As much as the Bitcoin market goes down, the amount of grief is felt. Altcoin always goes down ten times in the Bitcoin market, that is, 10 times the grief of Bitcoin is available in the case of Altcoin. I don't understand why the market is going down right now especially altcoins are dumping so much that it is very difficult for a normal investor to accept.

JamesDaniel90

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Quote from: doubletheprof on July 04, 2024, 04:40:47 AM

Kaspa still kinda stable tho Roll Eyes

I got into Kaspa at $0.02 but sold it all by $0.10.

I didn't have much but it was my first mistake when it comes to selling too early which is why I am holding my altcoins till the later part of this year when they are expected to do really well.

We just have to get through the next few months and then up we will go for many months.

doubletheprof

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Kaspa still kinda stable tho Roll Eyes

JamesDaniel90

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Woke up this morning with yet another crash over night and my portfolio is now +32% overall - lowest it has been for many months.

I will hold strong for now and just buy more if it keeps crashing over the next 24 hours.

I see many saying this is market manipulation with the big boys trying to flush out the average person before the market really gets going in a few months.

If you are panicking right now just step away for a bit and buy more if you can at these discount prices. When the market turns round these altcoins will go up fast again.

JamesDaniel90

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Quote from: Kennymela on July 03, 2024, 10:33:19 AM

Quote from: InGodwetrust on July 03, 2024, 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

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Quote from: InGodwetrust on July 03, 2024, 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

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Quote from: InGodwetrust on July 03, 2024, 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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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.

Topic: How it everyone feeling during this altcoin crash? - page 2. (Read 989 times)