Topic: How it everyone feeling during this altcoin crash? - page 6. (Read 3160 times)

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.

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.

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.

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.

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 Thanks for your thoughts.

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.

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 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.

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 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.

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

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.

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

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