Topic: How it everyone feeling during this altcoin crash? - page 5. (Read 3160 times)

I also often get my portfolio into the red because I buy at a high price. From my experience I realize it is important for us to be able to read the market situation faster. I trust the political and market situation more than trying to predict by reading the chart. A difficult market situation will usually make some big investors come in, and some FOMO people will be afraid of the price increase so they immediately buy it. This is what happened to me a few years ago when I FOMOed with some new coins and I still have to hold them until now because the portfolio is still red.

No one can predict how long the market fall will stop. In fact, no one so far has been able to accurately predict market conditions. Regarding feelings due to falling prices, of course you definitely feel disappointed and sad, especially for me personally, I experienced disappointment when I saw market conditions that experienced a fall in altcoin prices, especially since I bought when prices were high several months ago and currently my portfolio is experiencing a drastic decline.

The green moon is upon us, in my opinion And its surprises as you said, too.

Another 4 days since my last post and September is almost with us - I’m not saying September will be fantastic but will be good to see the back of August and a fresh new month- I still believe it won’t be till October when the markets turn around properly but we are getting closer only 5 weeks now.

My portfolio was almost back to +20% a few days ago but we have seen another dip in the last 24 hours and I am now back down to +13% again but like I said before I am happy with that, happy staying around break even till we start pumping again which is hopefully only 3-5 weeks away now

I find myself not looking at my portfolio as much lately which is good as it can be a lot at times, I have set price alerts and only really check if any of them go off.

Something that often happens every year when the halving occurs, the decline in altcoins is very shocking for beginners who already hold altcoins. This decline has an unusual impact when the price of Bitcoin has reached its highest peak then all altcoins rise. Obviously, I myself see this as if there is something that will happen next after this downturn ends. let's wait and see what surprises altcoins will give if the bullish period begins.

It is normal for altcoin prices to go up and down, and it is normal to see a portfolio go into negative or positive territory. However, when someone already has a portfolio, they must be fully prepared for anything that could happen. However, when the price goes down, each person will have different feelings, some may panic, some may be sad, or some may be happy and see the current situation as an opportunity to increase their portfolio. Personally, I have not thought too much about the price movements that occur in my current assets. I only focus on collecting assets that I can have, so that when the altcoin season occurs, I will not be left behind, and have enough assets.

Another 3 days gone since my last post which means we are now 3 days closer till we start pumping  

Good to see my portfolio at +10% again its been a while , hopefully we can keep pushing next few days but I do think another crash will come sometime in the next 2 or 3 weeks so I’m not too hopeful.

End of September / early October is when I think we will start pumping again so hopefully we just have another 4 weeks of this sideways boring action and we can start heading towards new all time highs again.

Yep, the main source of income is definitely needed, I agree!

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.