How it everyone feeling during this altcoin crash? - page 4.

CK485

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Quote from: betswift on August 06, 2024, 04:29:37 AM

Only if there won't be leaks like what we saw of the US job statistics or something along the lines, or the news about upcoming wars. I hope that everything will be fine, but I doubt we won't see any more dips along the way to that anticipated green zone for our portfolios Wink

Thanks for your thoughts.

by analyzing the event, the fall in the price of altcoin makes the mind carried away by a current that is difficult to return and every event that occurs will be a lesson that needs to be observed and its impact provides insight into the future, with the cryptocurrency itself, because there will be an impact of the dominance of bitcoin and altcoin, because it will affect market sentiment, it can be used as a guideline for the future.

betswift

copper member

Activity: 56

Merit: 1

Quote from: Oilacris on August 06, 2024, 03:53:49 PM

Quote from: betswift on August 06, 2024, 04:29:37 AM

Quote from: JamesDaniel90 on August 06, 2024, 03:38:45 AM

Quote from: betswift on August 06, 2024, 02:24:28 AM

Quote from: JamesDaniel90 on August 06, 2024, 02:07:42 AM

Another day and my portfolio is back in the green after the awful day yesterday.

My portfolio fell down to -11% but has since recovered and is now back in the green +7%.

I would be happy if I can stay around break even throughout August and then start going up again sometime in September but we shall see how the next few days go.

I do think it can go up to 10-12 in green, but any event regarding geopolitics and other stuff that keeps on coming can ruin that Wink

Still, in the long run, your portfolio would be fine, and you can use this opportunity to get something in it with some price-offs for now. It should be more clear what to do and think in September or October.

The truth is none of us know what will happen tomorrow let alone a month or two but I am confident that by October we will be on our way up again so only a few months now.

I bought a few yesterday at great prices but can't really afford to buy much more now so am hoping we don't crash any further.

Only if there won't be leaks like what we saw of the US job statistics or something along the lines, or the news about upcoming wars. I hope that everything will be fine, but I doubt we won't see any more dips along the way to that anticipated green zone for our portfolios Wink

Thanks for your thoughts.

On the moment that you have stepped your foot into crypto space then never ever make yourself believe about having no more dips. Why? This market is volatile as always or that very unpredictable on which the price could move out basing up with those external sentiments like news and events or wont really be that basing up at all since it could move out without any further or a certain event
and this what makes it hard to make out some speculation considering that it would really be just that random. Instead on making yourself believe about having no drops anymore into the price then it would really be just that better that you should really be readying up yourself about into those potential price drops because this one would really be a never ending thing as long you are dealing with crypto space or even in any market. Price would really be having only two possible movements on which it would be going up or down. Altcoin crash or Bitcoin crash it wont matter because on the time or moment that this one happens then it wouldnt really be able for yourself to avoid not to think about having that kind of panic but on the time that you are already that experienced one then it wont really be that an issue i should say.

Yeah, no panic will help the situation. And you will never know the news first for yourself (that group of people that know already used the situation in their favor, so everybody else is out of the question), so you can only react to the aftermath. No amount of reading will allow you to predict the market, all the economic implications and details, but it can help you to understand the situation that's already undergoing.

Oilacris

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Quote from: betswift on August 06, 2024, 04:29:37 AM

Quote from: JamesDaniel90 on August 06, 2024, 03:38:45 AM

Quote from: betswift on August 06, 2024, 02:24:28 AM

Quote from: JamesDaniel90 on August 06, 2024, 02:07:42 AM

Another day and my portfolio is back in the green after the awful day yesterday.

My portfolio fell down to -11% but has since recovered and is now back in the green +7%.

I would be happy if I can stay around break even throughout August and then start going up again sometime in September but we shall see how the next few days go.

I do think it can go up to 10-12 in green, but any event regarding geopolitics and other stuff that keeps on coming can ruin that Wink

Still, in the long run, your portfolio would be fine, and you can use this opportunity to get something in it with some price-offs for now. It should be more clear what to do and think in September or October.

The truth is none of us know what will happen tomorrow let alone a month or two but I am confident that by October we will be on our way up again so only a few months now.

I bought a few yesterday at great prices but can't really afford to buy much more now so am hoping we don't crash any further.

Only if there won't be leaks like what we saw of the US job statistics or something along the lines, or the news about upcoming wars. I hope that everything will be fine, but I doubt we won't see any more dips along the way to that anticipated green zone for our portfolios Wink

Thanks for your thoughts.

On the moment that you have stepped your foot into crypto space then never ever make yourself believe about having no more dips. Why? This market is volatile as always or that very unpredictable on which the price could move out basing up with those external sentiments like news and events or wont really be that basing up at all since it could move out without any further or a certain event
and this what makes it hard to make out some speculation considering that it would really be just that random. Instead on making yourself believe about having no drops anymore into the price then it would really be just that better that you should really be readying up yourself about into those potential price drops because this one would really be a never ending thing as long you are dealing with crypto space or even in any market. Price would really be having only two possible movements on which it would be going up or down. Altcoin crash or Bitcoin crash it wont matter because on the time or moment that this one happens then it wouldnt really be able for yourself to avoid not to think about having that kind of panic but on the time that you are already that experienced one then it wont really be that an issue i should say.

betswift

copper member

Activity: 56

Merit: 1

Quote from: JamesDaniel90 on August 06, 2024, 03:38:45 AM

Quote from: betswift on August 06, 2024, 02:24:28 AM

Quote from: JamesDaniel90 on August 06, 2024, 02:07:42 AM

Another day and my portfolio is back in the green after the awful day yesterday.

My portfolio fell down to -11% but has since recovered and is now back in the green +7%.

I would be happy if I can stay around break even throughout August and then start going up again sometime in September but we shall see how the next few days go.

I do think it can go up to 10-12 in green, but any event regarding geopolitics and other stuff that keeps on coming can ruin that Wink

Still, in the long run, your portfolio would be fine, and you can use this opportunity to get something in it with some price-offs for now. It should be more clear what to do and think in September or October.

The truth is none of us know what will happen tomorrow let alone a month or two but I am confident that by October we will be on our way up again so only a few months now.

I bought a few yesterday at great prices but can't really afford to buy much more now so am hoping we don't crash any further.

Only if there won't be leaks like what we saw of the US job statistics or something along the lines, or the news about upcoming wars. I hope that everything will be fine, but I doubt we won't see any more dips along the way to that anticipated green zone for our portfolios Wink

Thanks for your thoughts.

JamesDaniel90

member

Activity: 840

Merit: 30

Quote from: betswift on August 06, 2024, 02:24:28 AM

Quote from: JamesDaniel90 on August 06, 2024, 02:07:42 AM

Another day and my portfolio is back in the green after the awful day yesterday.

My portfolio fell down to -11% but has since recovered and is now back in the green +7%.

I would be happy if I can stay around break even throughout August and then start going up again sometime in September but we shall see how the next few days go.

I do think it can go up to 10-12 in green, but any event regarding geopolitics and other stuff that keeps on coming can ruin that Wink

Still, in the long run, your portfolio would be fine, and you can use this opportunity to get something in it with some price-offs for now. It should be more clear what to do and think in September or October.

The truth is none of us know what will happen tomorrow let alone a month or two but I am confident that by October we will be on our way up again so only a few months now.

I bought a few yesterday at great prices but can't really afford to buy much more now so am hoping we don't crash any further.

betswift

copper member

Activity: 56

Merit: 1

Quote from: JamesDaniel90 on August 06, 2024, 02:07:42 AM

Another day and my portfolio is back in the green after the awful day yesterday.

My portfolio fell down to -11% but has since recovered and is now back in the green +7%.

I would be happy if I can stay around break even throughout August and then start going up again sometime in September but we shall see how the next few days go.

I do think it can go up to 10-12 in green, but any event regarding geopolitics and other stuff that keeps on coming can ruin that Wink

Still, in the long run, your portfolio would be fine, and you can use this opportunity to get something in it with some price-offs for now. It should be more clear what to do and think in September or October.

JamesDaniel90

member

Activity: 840

Merit: 30

Another day and my portfolio is back in the green after the awful day yesterday.

My portfolio fell down to -11% but has since recovered and is now back in the green +7%.

I would be happy if I can stay around break even throughout August and then start going up again sometime in September but we shall see how the next few days go.

doubletheprof

jr. member

Activity: 109

Merit: 1

Everything went downreally, so no hard feelings Grin

betswift

copper member

Activity: 56

Merit: 1

Quote from: Sayeds56 on August 05, 2024, 07:21:43 AM

Quote from: betswift on August 05, 2024, 03:37:38 AM

Quote from: Sayeds56 on August 05, 2024, 03:34:24 AM

Quote from: mich on August 05, 2024, 02:25:31 AM

Well now we are going to really start to feel the crash. Alt coins are down so much and my crypto portfolio is all in the Red.

In just last week Eth down 30%, Sol down 37%, Doge down 37%. This is why we all must HODL and not become so worried with how the market is. There is going to be some news this week we will have to wait and see how it will affect this.

Absolutely, we all are feeling the pain of seeing portfolio going down to the extent of 50% or even more. This situation is continuing without any pause and we don't know where is the bottom. Bitcoin is currently trading around $53K and Bitcoin dominance index is 56.2% which indicates funds are moving out from alt coins and into Bitcoin. Let's hope for some positive news from political front that could spark hope for recovery.

Wow, it was 50k when I last checked. I hope for the better, however, I do believe there will be some dips to come, as there are many factors that can contribute to that ( I mean, in the news field, which we will feel on the market when they come into motion).

I think we might see Bitcoin making short recovery upto $56K but most likely it will be short lived and market may fall again and consequently alt coins may bleed further, There are many reasons behind such a huge crash of $20K ( from 70K to 50K). Middle east conflict and increase in interest rates in Japan after many decades has created negative sentiment in the market. I think FOMC emergency meeting will be scheduled soon to discuss current crash of financial markets and take necessary action. DYOR

I do think we've already seen the effects of Japan's decisions (remember, the news which affected the market is doing it on the graphic already, it's not like it's a long-term ordeal, when we see the graph, the news and the events behind them have already had an effect), but there is more to come. You were right about the recovery, but it's interesting to see what will happen next.

Sayeds56

copper member

Activity: 1316

Merit: 715

Eloncoin.org - Mars, here we come!

Quote from: TastyChillySauce00 on August 05, 2024, 09:51:39 PM

Quote from: Sayeds56 on August 05, 2024, 03:34:24 AM

Absolutely, we all are feeling the pain of seeing portfolio going down to the extent of 50% or even more. This situation is continuing without any pause and we don't know where is the bottom. Bitcoin is currently trading around $53K and Bitcoin dominance index is 56.2% which indicates funds are moving out from alt coins and into Bitcoin. Let's hope for some positive news from political front that could spark hope for recovery.

Down 30% in ETH now, this is what i'm feeling

but i'm sure market gonna recover again, though in the worst case scenario if from the price action it shows really bad situation I might cut lose and reposition but still waiting for the price to recover higher at least.
since few hours ago BTC has been making steady recovery and also ETH, so i'm really hoping for the best scenario to play out.

I agree with your opinion that Etherem at 30% discount price, seems attractive and worth taking risk with long term perspective. It is also true that eventually market is going to recover while difficult to predict the timing of market recovery. Despite all prevailing uncertainties, interest rate cut seems certain in FOMC meeting scheduled in mid of of September-2024 could act as catalyst for market recovery. DYOR

TastyChillySauce00

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Leading Crypto Sports Betting & Casino Platform

Quote from: Sayeds56 on August 05, 2024, 03:34:24 AM

Absolutely, we all are feeling the pain of seeing portfolio going down to the extent of 50% or even more. This situation is continuing without any pause and we don't know where is the bottom. Bitcoin is currently trading around $53K and Bitcoin dominance index is 56.2% which indicates funds are moving out from alt coins and into Bitcoin. Let's hope for some positive news from political front that could spark hope for recovery.

Down 30% in ETH now, this is what i'm feeling

but i'm sure market gonna recover again, though in the worst case scenario if from the price action it shows really bad situation I might cut lose and reposition but still waiting for the price to recover higher at least.
since few hours ago BTC has been making steady recovery and also ETH, so i'm really hoping for the best scenario to play out.

Sayeds56

copper member

Activity: 1316

Merit: 715

Eloncoin.org - Mars, here we come!

Quote from: Jaque8 on August 05, 2024, 11:39:36 AM

I've been burned so many times with alts, I'm very cautious when I buy. I know some alts will drop 95% and never recover, but with Bitcoin I can stomach holding that through a bear market.

We've been ranging for months and I'm not pulling the trigger until a dip like today or we reach new ATHs for BTC. I think that's more likely when we'll start running up again.

That being said, I am very happy most of my portfolio is Bitcoin right now lol

It is very wise approach to allocate at least 50% portion of cryptocurrencies portfolio to Bitcoin and remaining in alts coins including Ethereum which is considered leading alt coin with strongest use case. The current low price of alt could present a very fortunate opportunity if Bitcoin becomes stable at current price and good news comes for FOMC regarding cut in interest rates at least 0.25% in their next anticipated emergency meeting. DYOR

Jaque8

newbie

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I've been burned so many times with alts, I'm very cautious when I buy. I know some alts will drop 95% and never recover, but with Bitcoin I can stomach holding that through a bear market.

We've been ranging for months and I'm not pulling the trigger until a dip like today or we reach new ATHs for BTC. I think that's more likely when we'll start running up again.

That being said, I am very happy most of my portfolio is Bitcoin right now lol

Sayeds56

copper member

Activity: 1316

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Eloncoin.org - Mars, here we come!

Quote from: Strongkored on August 05, 2024, 08:53:41 AM

Investing in altcoins is very similar to gambling, sometimes even though investing in new altcoins can be profitable and vice versa, it is very difficult to assess which altcoins can provide long-term profits because investing is for the long term, so it is not recommended to invest in altcoins and if you still want to do it, you must understand the big risks involved.
In my opinion, altcoins are only suitable for the short term and never be tempted by news of people who have succeeded many times over in altcoins because the comparison is small compared to those who lose or only make a few percent profit.

Absolutely, Investing in alt coin can indeed be like gambling due their extreme volatility. However, this statement doesn't hold true when we talk about leading alts such as Ethereum, BNB and Solana as they always show resilience and stability, even when market is under pressure. Hence, accumulating these alts during the significant dips is always beneficial in the long term. DYOR

In summary, it is always wise to approach investing in alt coins with due diligence and through research and only invest what you can afford to lose.

Easteregg69

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Activity: 1572

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Quote from: Strongkored on August 05, 2024, 08:53:41 AM

Quote from: Stable090 on August 04, 2024, 01:10:03 PM

Quote from: Bellarg on August 04, 2024, 04:45:27 AM

In every altcoin crash i feel that it will recover as usual but sometimes some alts from my ownr portfolio just stay doomed for the eternity

Some people do end up investing in wrong altcoins, that’s why when their is a dump, some of them will never survive the dump. If we investing in altcoins, then it should be in strong altcoins, but most people are always looking for new coins which they will invest their money, and they will be expecting massive pump, which some of them will never see the pump, rather the project is going to die. The best investment is bitcoin, but if you are investing in altcoins, then it should be strong altcoins, and not shitcoins, if you invest in strong altcoins, you will have little confidence compare to investing in weak altcoins.

Investing in altcoins is very similar to gambling, sometimes even though investing in new altcoins can be profitable and vice versa, it is very difficult to assess which altcoins can provide long-term profits because investing is for the long term, so it is not recommended to invest in altcoins and if you still want to do it, you must understand the big risks involved.
In my opinion, altcoins are only suitable for the short term and never be tempted by news of people who have succeeded many times over in altcoins because the comparison is small compared to those who lose or only make a few percent profit.

You have to be consistent. Put a long on.

Easteregg69

sr. member

Activity: 1572

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It's like Ada at 30 cents. Fine with me.

Car owners know what you talk about when you say: "Cheap gasoline".

Strongkored

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Leading Crypto Sports Betting & Casino Platform

Quote from: Stable090 on August 04, 2024, 01:10:03 PM

Quote from: Bellarg on August 04, 2024, 04:45:27 AM

In every altcoin crash i feel that it will recover as usual but sometimes some alts from my ownr portfolio just stay doomed for the eternity

Some people do end up investing in wrong altcoins, that’s why when their is a dump, some of them will never survive the dump. If we investing in altcoins, then it should be in strong altcoins, but most people are always looking for new coins which they will invest their money, and they will be expecting massive pump, which some of them will never see the pump, rather the project is going to die. The best investment is bitcoin, but if you are investing in altcoins, then it should be strong altcoins, and not shitcoins, if you invest in strong altcoins, you will have little confidence compare to investing in weak altcoins.

Investing in altcoins is very similar to gambling, sometimes even though investing in new altcoins can be profitable and vice versa, it is very difficult to assess which altcoins can provide long-term profits because investing is for the long term, so it is not recommended to invest in altcoins and if you still want to do it, you must understand the big risks involved.
In my opinion, altcoins are only suitable for the short term and never be tempted by news of people who have succeeded many times over in altcoins because the comparison is small compared to those who lose or only make a few percent profit.

Sayeds56

copper member

Activity: 1316

Merit: 715

Eloncoin.org - Mars, here we come!

Quote from: betswift on August 05, 2024, 03:37:38 AM

Quote from: Sayeds56 on August 05, 2024, 03:34:24 AM

Quote from: mich on August 05, 2024, 02:25:31 AM

Well now we are going to really start to feel the crash. Alt coins are down so much and my crypto portfolio is all in the Red.

In just last week Eth down 30%, Sol down 37%, Doge down 37%. This is why we all must HODL and not become so worried with how the market is. There is going to be some news this week we will have to wait and see how it will affect this.

Absolutely, we all are feeling the pain of seeing portfolio going down to the extent of 50% or even more. This situation is continuing without any pause and we don't know where is the bottom. Bitcoin is currently trading around $53K and Bitcoin dominance index is 56.2% which indicates funds are moving out from alt coins and into Bitcoin. Let's hope for some positive news from political front that could spark hope for recovery.

Wow, it was 50k when I last checked. I hope for the better, however, I do believe there will be some dips to come, as there are many factors that can contribute to that ( I mean, in the news field, which we will feel on the market when they come into motion).

I think we might see Bitcoin making short recovery upto $56K but most likely it will be short lived and market may fall again and consequently alt coins may bleed further, There are many reasons behind such a huge crash of $20K ( from 70K to 50K). Middle east conflict and increase in interest rates in Japan after many decades has created negative sentiment in the market. I think FOMC emergency meeting will be scheduled soon to discuss current crash of financial markets and take necessary action. DYOR

betswift

copper member

Activity: 56

Merit: 1

Quote from: Sayeds56 on August 05, 2024, 03:34:24 AM

Quote from: mich on August 05, 2024, 02:25:31 AM

Well now we are going to really start to feel the crash. Alt coins are down so much and my crypto portfolio is all in the Red.

In just last week Eth down 30%, Sol down 37%, Doge down 37%. This is why we all must HODL and not become so worried with how the market is. There is going to be some news this week we will have to wait and see how it will affect this.

Absolutely, we all are feeling the pain of seeing portfolio going down to the extent of 50% or even more. This situation is continuing without any pause and we don't know where is the bottom. Bitcoin is currently trading around $53K and Bitcoin dominance index is 56.2% which indicates funds are moving out from alt coins and into Bitcoin. Let's hope for some positive news from political front that could spark hope for recovery.

Wow, it was 50k when I last checked. I hope for the better, however, I do believe there will be some dips to come, as there are many factors that can contribute to that ( I mean, in the news field, which we will feel on the market when they come into motion).

Sayeds56

copper member

Activity: 1316

Merit: 715

Eloncoin.org - Mars, here we come!

Quote from: mich on August 05, 2024, 02:25:31 AM

Well now we are going to really start to feel the crash. Alt coins are down so much and my crypto portfolio is all in the Red.

In just last week Eth down 30%, Sol down 37%, Doge down 37%. This is why we all must HODL and not become so worried with how the market is. There is going to be some news this week we will have to wait and see how it will affect this.

Absolutely, we all are feeling the pain of seeing portfolio going down to the extent of 50% or even more. This situation is continuing without any pause and we don't know where is the bottom. Bitcoin is currently trading around $53K and Bitcoin dominance index is 56.2% which indicates funds are moving out from alt coins and into Bitcoin. Let's hope for some positive news from political front that could spark hope for recovery.

Topic: How it everyone feeling during this altcoin crash? - page 4. (Read 2474 times)