Topic: How it everyone feeling during this altcoin crash? - page 3. (Read 2474 times)

Staying strong is easier if holders have other source of income, hunger attacked a friend of mine, she was struggling and her job isn't paying well until they stopped her from the job, this made her to sold off some of her coins.

I told her she will regret by October of this year and she said she will slowly get the coins back, now that she is jobless I wonder how she will be able to get the coins back before it's too late, so always make sure something or someone is paying you for your service in returned.

Holding will be a lot harder if you don't have a source of income.

Another week has gone since I last posted - time really is flying this year.

I believe we just have 4-6 weeks now of this boring sideways and downward action until we start moving up again and have a great end to 2024.

The last week has been pretty boring but there has been signs we may be in for a better few days with Bitcoin heading past $61k again in the last few hours.

My portfolio is currently +6% and I am OK with that for now as keep telling myself to get through the next 4-6 weeks once summer is over and then things will start looking a lot better again.

Just like that, whenever the market goes down there is a panic in the market, many good people start selling coins at a loss and rumours start spreading that the market is going to go down a lot but those who have been in the market for enough time, been around for years and know very well that this is a normal thing the market goes down and goes back up for me now is a good opportunity to buy coins whenever the market goes through this situation we all do. So there is an opportunity to invest in good altcoins and Bitcoin.

During this time you can earn good profit if you trade at the right time and get some profit. As many times as the market falls in a week you can profit. Long wait if not satisfied with small profits, even if you don't, you can get daily profit in the current situation of the market.

The rest of the hope is that the altcoin season is still in its infancy, so for those who have a large investment and can hold for a long time, this is a great opportunity to accumulate a lot of altcoins, especially good projects like ETH, SOL, BNB etc.

Alas, holding sometimes is pretty hard, but it should be done. Stay strong! 

We have had a small dip in the last 12 hours or so but nothing compared to what we saw 7 days ago.

I am just counting down the weeks, we are another week closer to the good times coming back again like we saw in the first few months of 2024.

I am currently +7% overall and I am OK with that as I know we will all be a lot better off in the next 3-6 months if we just continue holding what we have and wait for the market to turn bullish again.

We should all see it, and all the other events to come both from the economic world and geopolitical one shouldn't ruin it After all, smart money seeks the same goal as the common man - gain a better price and the profit in their pockets.

What you see from your portfolio is actually the reason for the market down, don't worry because it will recover very soon. One thing I like about you is dipping and lowering prices. Anyway, it will bring good news for you later. You may know that every four years Bitcoin halves and then the bull run begins. And that's when all the coins play and the price starts to increase very fast and those who invest in different coins get good amount of benefits. I think you will too because after a few months you'll say hopefully it will start.

It can be a smart move to hold off on investments and wait for a rebound, especially if you have confidence in the long-term potential of your holdings.When prices fall, a lot of investors experience anxiety and frustration, especially if they have witnessed a decline in the value of their investment. Some, on the other hand, view this as a chance to purchase more assets at a reduced cost in the hopes that the price would rise once more in the future.It can be very advantageous to wait and watch the market before making significant moves, particularly in the very volatile realm of cryptocurrencies. There are often a lot of chances and danger with the cryptocurrency season.

This period of the crashed is the time to invest more. Those who are working in the long term will have the mindset to accumulate many. One thing I discovered is that, no memecoin move on their own but all follow Bitcoin and that is why whenever Bitcoin moves up they also follow and when Bitcoin codes down they follow.

Looking at the current scenario, I don't think Bitcoin will crash at once. Because from a technical perspective, Bitcoin broke a crucial resistance which is approximately 59k and now that resistance is working as a support level. But again, despite this if Bitcoin dumps and goes below, I don't think it will drop to 45k because 50.5k is a very strong support, which I don't think Bitcoin will break easily. If fundamentally no negative news comes, then technically, Bitcoin cannot break this support.
 
DYOR!

It has actually been a good few days since this mini crash we saw on Monday.

We all just need to remain patient, even if it goes back down towards $45k there will be no panic from me as it wont be down at that price long.

Look how quick Bitcoin recovered this week, went down to $49k and 4 days later its above $60k again.

Yea that's exactly the case speculation has been a problem in the market, some people follow over hyped coins and end up losing their money, there are many coins that are not pump and dump coin, many coin has shown great potential over the years and if am to advise any investor on the altcoin to go for I think those coin that has been in the market for years without total dumping are the best altcoin to invest in, if that's what such investor want.
Many new projects are just developed to test their ability in the market but the truth still remain that their are many good new projects but the problem is how to identify them, if one must invest in new project, it should be with a little amount to try the project then once investors are conviced they can invest more,  I know that anything is possible but being on the safer side is the best approach for good investors.

Some project has made it look like there are know good new projects out there, I think why people fear about some new projects is because of their previous experience or what they have heard from people that find themselves in such situation, though the truth is that after Bitcoin if one must invest in other crypto, i think it should be a strong altcoin that has remain relevant in the market with good number of Hodlers or projects that are perceived to be good, if not, Bitcoin should be the digital asset on investors mind always.

Words about expectations are golden! It's true, and, sometimes it only takes some thoughts to leak in to understand that it's not worth it to go in, or the project has the potential for the future (not scalping it or expecting a pump from a square one). Analysis and a good one at that is key to successfully working with projects that would come through it and be worth it.

Exactly, people shouldn't just invest on any Alts for investments sake and get emotional when things didn't turn out good, as a Cryptocurrency investor one should be able to make research on profitable coins with good potential, the ones that would bring good returns to your portfolio on the long run, not investing on pump and dumps due to speculations from so called whales. There's no doubt that Bitcoin still remains the best Cryptocurrency for investment and most of these Alts depends on it's volatility to either be bearish or bullish that's why the recent dip didn't affect only Bitcoin but the whole market in general. However if newly investors are able to get knowledge about the improvement of different cryptocurrencies over time, they would be able to note the ones asides (Bitcoin) with good potential and invest in them when opportunities comes, like it did days ago. Most of these new crypto projects are masterminded by scammers who would pump it to attract people and dump when they've made profits for themselves so investors should be very careful with them except if they've read their white papers to see transparency and potential even at that threading with caution is the best option.

Altcoin are not that bad but the people investing in it are making the whole thing look very bad, their are people that have benefited in bitcoins that people that have even invested in bitcoins. Just that know exactly what coin to invest in matters a lot. We all need to know exactly what altcoin we want. During bear their was a lot of crash that's altcoin for you and that is one of the reasons they suggest bitcoin. Their are still altcoins that will give you good money. Going for new project is just as risky as investing in something you don't have ideas about. And it's 50/50 hours. It is just better to invest in projects you are already familiar with, so that you don't lose money investing on new projects.

Their are people that their only interest is always the new coins they want a massive pump and things are not done that way. When you are doing crypto you should learn to reduce your expectations. And seriously investing in new projects, their are people that it might actually have people that it might be working for but those not matter that it will work for everyone. Even if we are going to act on how own mindset we should put a lot of things into consideration before investing in some dump projects that won't yield anything, people still need to learn a lot on the crypto space.

I would put that crash to $50-$45k and put my orders in that direction (only in case of a desire to get more positions, NFA), because those are the levels where there would be massive liquidations and big hands would probably want to push the price there before flowing the smart money up.

It is hard to call which way the market is going to go over the next few weeks.

I personally think we have one more crash down to $50k again this month and then feel from September we will move on our way back up to all time highs again.

I have just checked my portfolio and I am currently +8% and to be honest I am happy with that considering the recent drop we had earlier this week.

I do believe so myself - we are going to see the dips up to September or October and then enter the new stage. I hope your portfolio will be green in the end.

some speculate that BTC hasn't hit bottom yet but I personally don't buy such bearish opinion because i will be biased since my portfolio currently still -10%. even BTC recovering back from $49k to $57k right now.

things aren't looking good for me but I will only lost once I sell so I will just hold. there are many news of wars as well that can wreck my portfolio and that's too bad since not too long ago people are so optimistic that there might be a big rally but as it turns out the rally might come in september or so.

what I can do is scalping the market to compensate for my losses but its not gonna be an easy thing since the market could easily be swayed by all those news.

I agree with some of your points, however, in my opinion, the news already did change the graphs and markets, it's not like it's a long type of influence on it. A small circle of people who knew about it beforehand could use the info for themselves, all the others only felt the aftermath of many economic effects that, in combination, got us to the situation we are in. So there won't be an insight into the future, besides the fact, that, with big hands grabbing the positions of people who got liquidated, we shall see our positions turning from red to green in some time, in my opinion.