Topic: How it everyone feeling during this altcoin crash? - page 4. (Read 3160 times)

I'll tell the truth, the crypto market has been BORING this year. Bitcoin has been stagnant for almost 6 months. I don't remember if it took that long in the last halving. The rush for ETFs + halvings caused an exaggerated demand in the market, and now the market has cooled down. It's okay that with Bitcoin stagnant, it's great to make new entries and wait for future appreciation.

As for this war scenario, I believe that at first we always have panic, but in the first or second week the markets start to recover.

I'm not going to make entries to ATLs for derivatives until the market leaves this consolidation zone that Bitcoin is in. It's very risky, because whenever it threatens to rise a little, we end up falling. So the most sensible thing to do is wait for Bitcoin to stabilize above 65K, wait for a retest looking for a price base in this region and surpass 72K. Then we'll be sure of a continuation of the bullish rally.

Even though many people say that this cycle is different, I believe otherwise. The only difference is BTC hitting an ATH before halving. I don't think it is a coincidence that we have two wars going on in Ukraine and Israel. They are the potential black swans in this cycle as I think. These two black swans are not done yet imo. Let me make a prediction. The market will be choppy and gloomy until the U.S elections. Trump then gets elected, and the markets will start to rally. These two wars will come to a conclusion with his involvement, possibly some peace deals between all parties and the markets will take off with full speed from there.

Almost 10 days since my last update and for the first time in a long time I’ve hardly thought about crypto this last week. I think I am getting tired of us getting close to taking off and then something in the news setting us back again, this time being the latest going on in Israel.

I still do think we will have a good end to 2024 but expecting at least another week of sideways and down action.

My portfolio is currently +6% so nothing exciting lately. Hopefully we just have another week or so then we can get moving towards Bitcoin all time high again.

I hope you will succeed with your investments.
This week for me was good too though ETH didn't climb up to the point of the profit, all the other sides of the portfolio - feeling good.
ZETA is also just blowing up still, +40% from my entry point into it, thanks OKX for telling about it in the first place

Another good week for the market which is nice to see but the question is can it last going into October?

October is usually a good month but it doesn't mean it will be.

I think I am done buying for now and will see how the next week or two is and then depending where we are may buy more.

My portfolio is now +16% which is still a long way off from where it was in March but it is going in the right direction at least.

Things are looking a lot better due to the rate cut news a few days ago but will it last? I hope so.

Bitcoin is just under $64k currently so would be very surprised if we go back down to around $50k again now like I thought we might have done at the beginning of September.

My portfolio is +10% overall currently so feel its in a good position before the market really turns bullish again.

That sounds right, but also if your offers are not already piled up waiting for those moments to happen you can often miss them, especially if you have to wait X number of blocks confirmation for the exchange to admit your coins arrived, more-especially if you have to fire up your node and let it catch up to the blockchain before you can send, and worse yet if you have a "day job", only hear about a price movement sneaking a quick look at the markets between tasks, and have to wait until you get home to even fire up your node. Even then be glad you don't like some folk have to wait for the weekend to even think about how your coins are doing.

Even back in the good old days when every third, oh wait maybe it was every second, hmm not sure maybe 2/3rds of is more like it () exchange flew by night or played the "we got hacked" exit strategy - every other week was it? - the profits were so huge that in very short order everything one sent to an exchange was already just partial profits from a previous exchange before it flew away or blew up; so despite all the warnings to amateurs stressing never leave your coins on an exchange and not your keys not your coins nonetheless stacking columns of buy and sell offers upward and downward from the "spread" was the cash cow strategy, with the buy side at least twice as dense as the sell side for those coins one was (literally) supporting. Heck more than twice as dense approaching zero since as the lowest price the order book can take approaches the rate of "dumping" tends to accelerate.

The dumps and skyrockets are the fast profits, you profit on both sides, all sells are buys of the other side, all buys are sells of the other side, profit both ways.

Nowadays although everyone still goes on about "volatility" its like nothing, slow, slow, compared to the old days.

But slow too it seems are the flights by night, the we got hacked exit strategies?

Or am I just far more cautious about trying new exchanges being as how the very few I still use have been around for year after year after year and the supply of new ones to pick-and-choose so much larger nowadays?

Obviously this is for professionals, best no doubt to make that fact clear to amateurs, but it still seems to me, albeit with after all these years not only everything I have on exchanges but also probably pretty much everything I have at home, not to mention all the homes themselves oops I just did mention those didn't I, that this piling huge columns of buy and sell offers in both directions is still the way to go, albeit maybe nowadays the coins for which one needs, to be safe, to pile one's sell offers not only three times as high as one imagines the price will ever go but three times that again and even then sometimes wake up to find it skyrocketed off the top of your sell-offer column... are few and far between.

Heck nowadays there are some pairs on some exchanges where your 1 to 100 satoshis buy offers might never, it seems, ever, it almost seems, get dumped down to. Maybe even some where all the way up to 1000 satoshis or more. Heck even higher maybe. You might wish, anyway. But if some whale does get hacked and their bags on that exchange dumped by the hacker on way to hacker cashing out would you maybe even yet get surprised?

Pay no attention kids, heck even amateurs, pay no attention, ramblings of an old timer, move along, move along, no leaving your coins on exchanges kids, not your keys not your coins, take your time getting onto an exchange when prices spike, yeah thats the ticket, let me smooth that spike down for you before you get there...

-MarkM-

P.S. Professionals, note it is unprofessional not to take profits while anything left on the exchange is not already itself pure profit; just make the bottom of the buy side column of offers denser to accumulate and thin it back down toward twice as dense as your sell side column to take profit... hopefully before the exchange implodes, explodes, or "exits"...

Expert feel happy because they can buy more and hold  why newbie is become sad because they saw thier investment fall,the reason why expert earn is the newbie when they sell at loss expert are buying the coins and hold till bull market come. This is the reason why expert earn a lot during bull season they buy coins at the discounted price and sell at the high price.

Another week gone since my last post on this thread and my portfolio is almost back down to break even again currently it’s at +3%. 

I am currently on holiday and hardly thought about crypto which has been nice distraction but just checked and see we are currently going through a bit of a dip, is this the start of the crash down to $50k again??

At least we are only 2 weeks away from October now so whatever happens I am just holding knowing that things will likely be a lot better once October arrives.

altcoin will always fall  in the manner how the market act  . and when this will stop ? then this is the question no one will ever answer correctly .
am sure what the market is showing now is what the moment investors are looking  .

don't just trust what you are seeing but what will happen in the long run .

I am surprised to see we have actually had a better few days over the weekend and my portfolio is back to +5%.

I am not buying anything at the moment as i am still expecting one more drop down to $50k in the next week or two and when that happens that is when i will buy more.

I am just counting down each day now and once September is done we can hopefully have a great end to 2024.

In my opinion, the increase and decrease in prices that occur is a normal condition that occurs in the exchange market. because cryptocurrencies have quite high fluctuations so that rising and falling asset values ​​are very normal for traders who have a good mentality. and never panic when faced with conditions that occur in the market. because mentality is very necessary for every crypto trader.

Another 5 days since my last post and we are almost 1 week into September and the markets are falling currently.

No stress from me just yet, I expect us to go down to around $47k so I’m currently just holding and will start buying more once we fall below $51K to lock in some bargain prices.

My portfolio is currently -3% which is not too bad , I think I was down to -12% in the last crash a month ago but I am expecting to fall that low again and likely lower in the next few days to a week if Bitcoin continues this downtrend.

I am just counting down the days though, I am going to stick to my feeling that September is likely going to be a pretty bad month but once October comes we can hopefully enjoy the rest of 2024 and I have seen in the past how quickly our losses recover once Bitcoin starts pumping so that’s all I’m waiting for.

What about SOL?

Therefore if you have altcoin then it is important for you to take early precautions to save your assets. Altcoin is very broad and if we talk about altcoins other than ETH or BNB I think you should sell your assets if you feel the price will continue to fall. You can keep it in stablecoins for a while. That's what I have done when I saw the price of altcoins falling. Altcoins are not the same as Bitcoin. There are thousands of altcoins and if you choose the wrong one, then you will lose your assets if after the price drops the altcoin does not rebound.

Let alone panic selling. but it also has to be done to save assets and be able to start again if the price continues to fall. just choose according to your instincts which way you want to go, no need to follow other people's advice if the situation is urgent, market movements are indeed unpredictable, everything can change suddenly

We don't know how the future will go, although sometimes when we look at the current situation it doesn't seem to be heading there, but anything can happen to the crypto market suddenly. Therefore, the most important thing is that we should not panic when we see a market situation that is sometimes not profitable for us.

Almost another week since my last post and we are now in September.

I have felt very bored with crypto lately, it’s been a long 6 months since we saw the all time high in March but I believe we are now only 4 or 5 weeks away now from the start of a good end to 2024.

It feels like September is a month where most believe it will be red but have seen a few lately give their opinion on why it might not be that bad. Either way I am just counting down the days now till October as that is when I believe the next part of the bull run will begin and hopefully we see new all time high for Bitcoin in November or December.

It's still up for debate, we shall see the picture clearly in September-October, that's what I believe in, at least.

Seeing the current situation, I don't think the market will fall or stop, seeing the altcoin market side which is so broad, it is excessive speculation, nothing can lead there, even though the market is down in the altcoin market, but the market recovery is continuing.