Topic: How it everyone feeling during this altcoin crash? - page 8. (Read 3160 times)

Because at the end of the day it's about risk and how strong we are in it.
If I assume you are currently a short-term trader or investor and are more trying to be patient and wait for the momentum where you have to enter when you feel it will be profitable and exit when you feel you have enough profit.
This may be the best way if you are comfortable with it especially if you are in altcoins whose prices will certainly decline and rise quickly due to the movement of bitcoin. But because I don't really see altcoins as an option and focus more on bitcoin, I won't do this method because instead of doing that and selling the bitcoin I have, I am happier waiting (leaving my assets in bitcoin) and continuing to add to my assets when the price drops again .

Crypto continues to bleed and my portfolio is now only +11% - the lowest it has been in 2024.

No stress from me though, I hear many are around 50% down overall so the fact I’m still in profit I feel OK.

I have no idea how much lower the market will go over the next few days but I do believe things will get better from September onwards so for now I am just holding what I have and plan to buy more if the market continues to crash over the next few days as these prices are great discounts.

When it comes to Cryptocurrency investment, panicking is inevitable, on a normal it shouldn't be entertained if someone invested in Bitcoin, cause of price fluctuation, but what do you expect from someone who invested on a pump and dump coin or on an Alt due to the influence of a paid influencer, such person would definitely panic when they experience a slight dip. That's why asides Bitcoin and some few profitable Alts it's not very okay for an investor be hodl coins hyped by those so called influencers for a long-term, like you said the market have been giving signals for a while and I believe those who are smart and knowledgeable would take their profits after making gains and wait for another buying opportunity instead of holding and hoping for the market to always be favourable, most of these Alts if I'm not mistaking solely depends on the price of Bitcoin to add value and since Bitcoin is not very bullish yet, it might take a long while for those Alts to pump again, well let's see how the coming week goes.

As an investor being in bad mood when your portfolio is depreciating is normal because we are talking about investment that you expected to be fruitful for you to profit and reinvest if you want, if such investment goes the way you weren't expecting it wouldn't be welcome a welcome development, investors should understand that no matter the hype and speculations altcoin solely depends on Bitcoin to appreciate in price, this is the reason why an investor should strategize to look out for good altcoin to invest on although it is almost impossible to identify one easily.

Recovering in the coming days as you said depends on whatever movement that Bitcoin will be making in the coming weeks, as for the crash stoping, it all falls back to the particular altcoin you are holding, the number of people that are holding the same atltcoin with you and the activity of Bitcoin, The feelings of investors when the market is not favourable is known to be bad and I think that's the case once such situation befalls investors.

It's exact as today because Bitcoin crashed, the whole world market crashed and so as the altcoins crashed too as it also follows the king. What I am feeling now? I'm like meh.. 
Not happy, not too sad but as someone who's been onto this market, we have to be benumbed whenever these crashes comes to us and strikes our portfolio with some reddish color. You need to get used to it if you don't do anything but if you want to do some actions, you have to buy the altcoins you like but put first Bitcoin and add more to it and you'll not regret it in the coming peak moments of this market.

It's said that this month is going to be slow, so bear yourselves on it and just endure until we see the bounce back soon.
I wonder that +16% of yours how much is it right now? The market has dropped a lot.

Personally I think that panicking shouldn't be entertained in the Bitcoin investment if truly an investor understands the whole setting of digital market more expecially bitcoin, the entire crypto investment was meant to undergo different market seasons as a result of fluctuations and volatilty and this shouldn't deter us from doing whats expected of us to do, bitcoin as a promising asset was created to be a currency of the present and the future so once there is a kind of decline in the price, every investor should understand that it is a good avenue to buy more of the asset, although in most cases newbies are expected to panic because they have not experienced any event that has taken place in the digital market but as a newbie that has made his or her mind to invest in crypto asset generally, i think the first thing to do is to get the basic knowledge of these assets so that it will enable you to comprehend the possible concept surrounding the continues existence of these said assets.

With the little that I know, Bitcoin asset is not for the weak, it is for the strong and the smart people that sees a long-term investment as an opportunity to store their wealth vakue for the future, in conclusion, an investor that thinks towards long-term will not panic rather such investor will continue accumulating irrespective of the market situation at any given period or time.

The price of Bitcoin has been going up and down for a long time now since ethe beginning of this year and we should always know that price is going to go up with time so we don't need to be panic or try to feel bad because the price of our crypto asset has diminished. The market has been giving us signals for a while now for those of us that are very smart and knowledgeable about the crypto market. Investors has been buying and selling when the price of their crypto assets goes up and it is one of the ways we can earn from the market. This is a good time for us to buy and hold Bitcoin awaiting for the price to hit the bull run.

Another red week and my portfolio is now down to +16%.

I expect us to rebound soon though , it is very up and down lately.

I believe August will be another boring month and then hopefully from September we will start moving up again like we saw earlier in the year.

Update - my portfolio is currently +41%.

I am just counting down the days now really until we get to September/October as that is when I feel we will go up again like we saw earlier in the year.

I am hardly buying , just waiting patiently. We are nearly into August so not long left to wait.

Been over a week since my last update - my portfolio is now +41%.

Hopefully we are seeing the start of a recovery with Bitcoin up 13% in the last 4 days.

If you are really that wise when it comes to applying fundamentals then you would really be ending up on having that kind of consideration when it comes to this aspect on which you could really presume or assume out that there would really be some potential crash that could happen ahead. This is why to those people or traders who are really that making that kind of fundamental application would really be having those kind of steps
that they would really be doing and this is something that will really be having that kind advantage on which you could sell out early but of course every decisions made would really be having that corresponding risks because we do know that not all steps taken would really be having that kind of good decision making because the market could really go the other way around on which it would really be causing for you to make out those
actions which is really that too early for you to sell out.

This is why dealing up with this unpredictable space would really be needing up that kind of versatility on which results or outcomes would really be  that
different from time to time basing up on different factors.

To be honest it doesn't matter to me no more I already converted my money to Usdt around a month ago now it's interesting to watch the impact to USA on crypto on time of their election,I know for some these crash hurt but for me I had seen so many up and down it's like normal I learn to have patience with Crypto  

I always try to understand that it's just big sales even like black friday but sometimes it's really getting hard to believe that my alts will recover

The technical studies of cryptocurrencies enumerates that not all AltCoins are good for long term holding because they're too highily volatile so, when you choose to venture on long term holding coins, make your research to invest on projects strickly potential to accommodate a good vessel for storage of values.
Then when the value goes Dip, it doesn't fall like it's disappearing totally in the surface of the crypto world just as most of the MemeCoins does.

Better 24 hours for the market with my portfolio now +26%.

Have we found the bottom or are we going lower? 

I bought a bit during the crash prices yesterday and will just hold for now - if we have another crash in the next few days or weeks I will just buy more.

Don't think of it that it's already doom when the market is falling. Bitcoin has recovered a bit after reaching those lower price levels. But if you think that it's already doomed to fail at this moment, you should have sold when your gains are a lot. And when your portfolio recovers, that's the time that you have to decide whether you should sell or not because each decision that we're making right now is going to determine our future through the money that we'll get from our own decisions of selling.

The feeling during altcoins crash is always bad but I like the fact that I don't keep altcoins for long because it's dangerous.

I'm also buying new coins for next year but I know this crash is only for a short time and the market will reverse definitely, since BTC is facing a downtrend all coins a following up but it might be a better opportunity to invest in top coins for.

It's not the first and not last crash in our industry. Just keep accumulating if you really believe in that projects

If you buy deep then hold it, it's only a matter of time if your portfolio recovers. When the market enters dumping it takes some time to pump so you wait for that season. If you invest in altcoins it is a bit risky but there is a possibility of more profit if the coins are pumping well. Because Altcoin are always pumping more volume and investors can reap huge profits from it.

ALT coins are generally considered as a risky coin to invest in but among these risky coins there are some important ALT coins that are quite reliable. There are many investors who invest in all these ALT coins in addition to investing in Bitcoin. There are some coins whose goal is to scam after making some profit but those who come to trade don't cheat but think about how to develop their coin. There are still many reliable points in the market we should rely on those coins. If we can rely on reliable coins then surely we will succeed in investing.