How it everyone feeling during this altcoin crash? - page 6.

betswift

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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

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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.

betswift

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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

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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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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

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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

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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

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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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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

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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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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

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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

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Activity: 266

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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.

betswift

copper member

Activity: 266

Merit: 5

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.

The opportunity is closing up, I think that with the news in the world, we can have another big dip, but afterward, the recoil should be worth it.

JamesDaniel90

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I couldn't resist and bought a few more of my stronger alts this morning - when they are 25% down in just a few days you have to take advantage.

I am now done buying unless we drop another 15% but I'm hoping we do not get to that stage and we can recover soon.

mich

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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.

betswift

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Activity: 266

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Quote from: JamesDaniel90 on August 05, 2024, 01:20:59 AM

Just woke up to another massive crash and my portfolio is now -6% Shocked

First time in 2024 my portfolio has been minus - it has been a brutal few weeks, particularly the last week.

I am holding strong and will not panic sell - I do feel like this is heavily manipulated where the big boys want us average person to panic and leave crypto so only they can profit in the next 6-12 months.

Surely at some point we can expect a big bounce as the big boys will want to take advantage of this low Bitcoin price and I will be in profit again soon but let’s see what the next few days hold.

Stay strong, brother! Spot will lead the way Wink

I felt that dip too, it's another opportunity to go a little bit deeper with BTC, ETH, TON, SOL, but we may see the drop going on for some days following what happened on Japan's exchange.

JamesDaniel90

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Just woke up to another massive crash and my portfolio is now -6% Shocked

First time in 2024 my portfolio has been minus - it has been a brutal few weeks, particularly the last week.

I am holding strong and will not panic sell - I do feel like this is heavily manipulated where the big boys want us average person to panic and leave crypto so only they can profit in the next 6-12 months.

Surely at some point we can expect a big bounce as the big boys will want to take advantage of this low Bitcoin price and I will be in profit again soon but let’s see what the next few days hold.

GbitG

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Quote from: JamesDaniel90 on June 18, 2024, 07:17:13 AM

~~
I am buying some dips but mainly just holding during these times and hoping we recover in the coming weeks.

Hmm, that's a good idea !
I am also filling my wallets, I intend to take advantage of this dip to buy Altcoins in exchange for a part of my investment amount, so that I can slowly make Altcoins a part of my portfolio. If Bitcoin takes Utrun, it is the best opportunity to buy Altcoin.

Quote

When will this crash stop? and how is everyone feeling?

To be honest, my eyes are on Bitcoin. Even when Bitcion turned the sentiment positive, we can see recovery in Altcoin, otherwise it is not possible. That means, at this time, I think everyone's feelings are connected to one thing and that is to confirm the support of Bitcoin, which has become a concern. Anyway, on the recovery of Bitcoin, people's feelings in the market can be seen as positive.

Quote

I have it in my mind we still have a few more months till alt season so I am just holding on for now.

Yep I agree with you that for the Alt season we still have to wait more, i.e., a few months or next year, so we can get good profit margins. For now, just hodling will be better. I will have to wait until Bitcoin flies over its ATH.

Topic: How it everyone feeling during this altcoin crash? - page 6. (Read 2926 times)