How it everyone feeling during this altcoin crash? - page 9.

JamesDaniel90

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Quote from: Yaunfitda on July 05, 2024, 05:17:29 AM

Quote from: JamesDaniel90 on July 05, 2024, 04:48:19 AM

Quote from: Marykeller on July 05, 2024, 04:20:45 AM

Quote from: Troytech on July 04, 2024, 11:38:23 AM

I feel good honestly, guess why 🙃 cause I didn't bother buying any altcoin this year, my only investment was in bitcoin and I didn't even put a penny else where, right now I feel amazing, i think I good decision, although bitcoin is also falling in price, but it's still a better bet than any alternative coin around. Buy bitcoin bro and save yourself some heartbreak.

You are damn lucky to have bitcoin as the only coin to hodl. If you had followed others to think of combining bitcoin with altcoin as the investment to make, you must have felt heartbroken because of losses acquired from altcoin investment.

Having said that, the market doesn't seem funny at the moment for those who invested hugely in altcoin. I wonder how they will be feeling as they take a look at their portfolio of how their altcoin investment is decreasing at a loss price.

I just hope to see the market bounce back soonest not to be dipping more, bringing altcoin like memecoin to their death zone.

Those who feel heartbroken during these times are more likely to panic and sell at a loss.

You do not do that, just hold and buy more if you can at these lower prices.

We experienced the great highs earlier in the year and now it is time for some more lows but the ultimate highs will be coming in a few months or so, that is what we have to wait for.

Bitcoin is down though, and so the rest of the altcoin is going to follow and it's hard to see that market crash for many reasons. There are even predicted that Bitcoin might go to $30k'ish before going up on a massive scale so let's wait for that to happen as again it will have a trickle effect to the altcoin market itself. Of course that is the old adage, when there is blood in the market, you should take advantage of it and buy. But there are investors that are afraid on it, and so they just let the market recover before they buy, lol. But in any case, we shouldn't panic when there is altcoin crash, sooner or later it will have to bounce back, there's no way that the market is going to crash for so long in a bull run. Just be strong mentally and continue to accumulate, that's the best strategy in this kind of market.

Exactly Bitcoin is down too. I would be way more concerned if Bitcoin was holding strong and altcoins were crashing for no reason.

Hopefully we do not have much lower to go before we bounce up again but if we do there will be no panic from me.

We are only 6-12 months away from the peak of this 4 year cycle so would be stupid to panic and sell now.

Yaunfitda

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Quote from: JamesDaniel90 on July 05, 2024, 04:48:19 AM

Quote from: Marykeller on July 05, 2024, 04:20:45 AM

Quote from: Troytech on July 04, 2024, 11:38:23 AM

I feel good honestly, guess why 🙃 cause I didn't bother buying any altcoin this year, my only investment was in bitcoin and I didn't even put a penny else where, right now I feel amazing, i think I good decision, although bitcoin is also falling in price, but it's still a better bet than any alternative coin around. Buy bitcoin bro and save yourself some heartbreak.

You are damn lucky to have bitcoin as the only coin to hodl. If you had followed others to think of combining bitcoin with altcoin as the investment to make, you must have felt heartbroken because of losses acquired from altcoin investment.

Having said that, the market doesn't seem funny at the moment for those who invested hugely in altcoin. I wonder how they will be feeling as they take a look at their portfolio of how their altcoin investment is decreasing at a loss price.

I just hope to see the market bounce back soonest not to be dipping more, bringing altcoin like memecoin to their death zone.

Those who feel heartbroken during these times are more likely to panic and sell at a loss.

You do not do that, just hold and buy more if you can at these lower prices.

We experienced the great highs earlier in the year and now it is time for some more lows but the ultimate highs will be coming in a few months or so, that is what we have to wait for.

Bitcoin is down though, and so the rest of the altcoin is going to follow and it's hard to see that market crash for many reasons. There are even predicted that Bitcoin might go to $30k'ish before going up on a massive scale so let's wait for that to happen as again it will have a trickle effect to the altcoin market itself. Of course that is the old adage, when there is blood in the market, you should take advantage of it and buy. But there are investors that are afraid on it, and so they just let the market recover before they buy, lol. But in any case, we shouldn't panic when there is altcoin crash, sooner or later it will have to bounce back, there's no way that the market is going to crash for so long in a bull run. Just be strong mentally and continue to accumulate, that's the best strategy in this kind of market.

JamesDaniel90

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Quote from: Marykeller on July 05, 2024, 04:20:45 AM

Quote from: Troytech on July 04, 2024, 11:38:23 AM

I feel good honestly, guess why 🙃 cause I didn't bother buying any altcoin this year, my only investment was in bitcoin and I didn't even put a penny else where, right now I feel amazing, i think I good decision, although bitcoin is also falling in price, but it's still a better bet than any alternative coin around. Buy bitcoin bro and save yourself some heartbreak.

You are damn lucky to have bitcoin as the only coin to hodl. If you had followed others to think of combining bitcoin with altcoin as the investment to make, you must have felt heartbroken because of losses acquired from altcoin investment.

Having said that, the market doesn't seem funny at the moment for those who invested hugely in altcoin. I wonder how they will be feeling as they take a look at their portfolio of how their altcoin investment is decreasing at a loss price.

I just hope to see the market bounce back soonest not to be dipping more, bringing altcoin like memecoin to their death zone.

Those who feel heartbroken during these times are more likely to panic and sell at a loss.

You do not do that, just hold and buy more if you can at these lower prices.

We experienced the great highs earlier in the year and now it is time for some more lows but the ultimate highs will be coming in a few months or so, that is what we have to wait for.

Marykeller

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Quote from: Troytech on July 04, 2024, 11:38:23 AM

I feel good honestly, guess why 🙃 cause I didn't bother buying any altcoin this year, my only investment was in bitcoin and I didn't even put a penny else where, right now I feel amazing, i think I good decision, although bitcoin is also falling in price, but it's still a better bet than any alternative coin around. Buy bitcoin bro and save yourself some heartbreak.

You are damn lucky to have bitcoin as the only coin to hodl. If you had followed others to think of combining bitcoin with altcoin as the investment to make, you must have felt heartbroken because of losses acquired from altcoin investment.

Having said that, the market doesn't seem funny at the moment for those who invested hugely in altcoin. I wonder how they will be feeling as they take a look at their portfolio of how their altcoin investment is decreasing at a loss price.

I just hope to see the market bounce back soonest not to be dipping more, bringing altcoin like memecoin to their death zone.

JamesDaniel90

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Quote from: asriloni on July 05, 2024, 02:55:37 AM

Quote from: JamesDaniel90 on July 04, 2024, 11:11:58 PM

My portfolio continues to fall close to Breakeven as I am now at +13% overall after another 12 hours of the market falling.

So, how good your position now? I've decided sold all of my altcoins when btc was still at 60k, then im still shorting btc now. I feel the dump isn't over yet. Another wave will come soon. MtGox will distribute their BTC to their creditors. I think most creditors will sell their BTC. Be careful with your portfolios.

Quote from: JamesDaniel90 on July 04, 2024, 11:11:58 PM

After weeks of bad news and months of the altcoins falling, are we expecting any good news at all that will help us recover slightly or is it all doom and gloom in the near future?

We expect bad news to come, and it won't change bitcoin's direction. But, if someone plans to buy all of MTgox's and the German Government's bitcoins, then it will be good to enter the market. Until the news about Mtgox and Germany Government have sold all of their btc, and retail will always be scared to enter the market.

Crypto will be doomed again soon. Billions of bitcoin is ready to be dumped.

I am not experienced enough to try and trade the market i am just happy to hold and if my portfolio goes below breakeven then so be it.

I am not thinking about the next few months i am thinking in the next 6-12 months when the bull run peak will arrive and Bitcoin and altcoins will be in much better position then so I will just hold what I have and wait for the good times to come back like we saw earlier this year.

asriloni

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Quote from: JamesDaniel90 on July 04, 2024, 11:11:58 PM

My portfolio continues to fall close to Breakeven as I am now at +13% overall after another 12 hours of the market falling.

So, how good your position now? I've decided sold all of my altcoins when btc was still at 60k, then im still shorting btc now. I feel the dump isn't over yet. Another wave will come soon. MtGox will distribute their BTC to their creditors. I think most creditors will sell their BTC. Be careful with your portfolios.

Quote from: JamesDaniel90 on July 04, 2024, 11:11:58 PM

After weeks of bad news and months of the altcoins falling, are we expecting any good news at all that will help us recover slightly or is it all doom and gloom in the near future?

We expect bad news to come, and it won't change bitcoin's direction. But, if someone plans to buy all of MTgox's and the German Government's bitcoins, then it will be good to enter the market. Until the news about Mtgox and Germany Government have sold all of their btc, and retail will always be scared to enter the market.

Crypto will be doomed again soon. Billions of bitcoin is ready to be dumped.

JamesDaniel90

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Quote from: Troytech on July 04, 2024, 11:38:23 AM

I feel good honestly, guess why 🙃 cause I didn't bother buying any altcoin this year, my only investment was in bitcoin and I didn't even put a penny else where, right now I feel amazing, i think I good decision, although bitcoin is also falling in price, but it's still a better bet than any alternative coin around. Buy bitcoin bro and save yourself some heartbreak.

The market will recover and when it does altcoins will fly up just as fast as they have dumped lately.

I was here during the 2022 crash and also earlier in the year when we hit all time high in March so know what it’s like when it’s both good and bad

JamesDaniel90

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My portfolio continues to fall close to Breakeven as I am now at +13% overall after another 12 hours of the market falling.

After weeks of bad news and months of the altcoins falling, are we expecting any good news at all that will help us recover slightly or is it all doom and gloom in the near future?

batang_bitcoin

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Quote from: JamesDaniel90 on July 04, 2024, 11:05:57 AM

Quote from: batang_bitcoin on July 04, 2024, 10:31:39 AM

@OP, by the time that you've posted this the market was crashing and now, we're still crashing. I wonder how much losses you're having right now. Well, we can never know when this crash will stop and the market seems to be favorable to those that have been waiting to the dip for them to start buying. My feeling right now isn't bad but it isn't that good as well. I'm neutral and conditioning my mind that we're still fine which is true if you'll be basing your point of reference since last year. Wink

My portfolio is currently +29%. It is not too bad considering many will not be in profit currently so I am happy i am.

We just have to get through the next few weeks and then we will be back up on our way again towards new all time high.

As long as you don't sell now and just buy any dips you can then we will be fine.

You're right, as long as you're not selling at this point, that loss or small gain that you have will change positively. Many seem to be worried at the current rate of the market but just as you've said, everyone who don't sell and will be patiently wait for the recover will have to see the increase soon. And just as now, Bitcoin goes back to $58k although this isn't something to be celebrate as this is a normal move of it. But you get the point with that kind of recovery.

Troytech

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I feel good honestly, guess why 🙃 cause I didn't bother buying any altcoin this year, my only investment was in bitcoin and I didn't even put a penny else where, right now I feel amazing, i think I good decision, although bitcoin is also falling in price, but it's still a better bet than any alternative coin around. Buy bitcoin bro and save yourself some heartbreak.

JamesDaniel90

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Quote from: batang_bitcoin on July 04, 2024, 10:31:39 AM

@OP, by the time that you've posted this the market was crashing and now, we're still crashing. I wonder how much losses you're having right now. Well, we can never know when this crash will stop and the market seems to be favorable to those that have been waiting to the dip for them to start buying. My feeling right now isn't bad but it isn't that good as well. I'm neutral and conditioning my mind that we're still fine which is true if you'll be basing your point of reference since last year. Wink

My portfolio is currently +29%. It is not too bad considering many will not be in profit currently so I am happy i am.

We just have to get through the next few weeks and then we will be back up on our way again towards new all time high.

As long as you don't sell now and just buy any dips you can then we will be fine.

batang_bitcoin

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@OP, by the time that you've posted this the market was crashing and now, we're still crashing. I wonder how much losses you're having right now. Well, we can never know when this crash will stop and the market seems to be favorable to those that have been waiting to the dip for them to start buying. My feeling right now isn't bad but it isn't that good as well. I'm neutral and conditioning my mind that we're still fine which is true if you'll be basing your point of reference since last year. Wink

betswift

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Quote from: sarmrakib on July 04, 2024, 08:30:25 AM

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

My altcoin portfolio was +83% on the 9th June but is now +51% just 9 days later.

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

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

It's a common behave of market going through up and down. Through this volatile situation you have need to make a plan where you need to take entry and exit. You said you were in profit so that you surely need to exit with your plan so that you will be on profit. However you said you still in profit make your plan hope you can exit with your time. However It's true that it still season of uptrend so that we can become more patient to get a good chance and exit with profit.

A lot of people who invest in highs have negative PNL, and if you have bad money and risk management, it is mentally hard.

sarmrakib

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

My altcoin portfolio was +83% on the 9th June but is now +51% just 9 days later.

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

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

It's a common behave of market going through up and down. Through this volatile situation you have need to make a plan where you need to take entry and exit. You said you were in profit so that you surely need to exit with your plan so that you will be on profit. However you said you still in profit make your plan hope you can exit with your time. However It's true that it still season of uptrend so that we can become more patient to get a good chance and exit with profit.

d3nz

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Quote from: Nothingtodo on July 04, 2024, 06:12:47 AM

As much as the Bitcoin market goes down, the amount of grief is felt. Altcoin always goes down ten times in the Bitcoin market, that is, 10 times the grief of Bitcoin is available in the case of Altcoin. I don't understand why the market is going down right now especially altcoins are dumping so much that it is very difficult for a normal investor to accept.

That's part of the market cycle and there are ups and downs, and you don't know when it will happen. When BTC starts going down, then it affects the value of altcoins. That is why you always need a backup plan in case the market crashes and a great plan would be having a stop-profit/stop-loss position and on these case you don't have to worry on what will happen to the market since you are ready.

JamesDaniel90

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Quote from: Nothingtodo on July 04, 2024, 06:12:47 AM

As much as the Bitcoin market goes down, the amount of grief is felt. Altcoin always goes down ten times in the Bitcoin market, that is, 10 times the grief of Bitcoin is available in the case of Altcoin. I don't understand why the market is going down right now especially altcoins are dumping so much that it is very difficult for a normal investor to accept.

I am not stressed this is normal before the main part of the bull run i think we will have a few more months like this and then from September/ October we will will have a great few months like we did earlier in the year when we saw new all time high in March.

Nothingtodo

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As much as the Bitcoin market goes down, the amount of grief is felt. Altcoin always goes down ten times in the Bitcoin market, that is, 10 times the grief of Bitcoin is available in the case of Altcoin. I don't understand why the market is going down right now especially altcoins are dumping so much that it is very difficult for a normal investor to accept.

JamesDaniel90

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Quote from: doubletheprof on July 04, 2024, 03:40:47 AM

Kaspa still kinda stable tho Roll Eyes

I got into Kaspa at $0.02 but sold it all by $0.10.

I didn't have much but it was my first mistake when it comes to selling too early which is why I am holding my altcoins till the later part of this year when they are expected to do really well.

We just have to get through the next few months and then up we will go for many months.

doubletheprof

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Kaspa still kinda stable tho Roll Eyes

JamesDaniel90

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Woke up this morning with yet another crash over night and my portfolio is now +32% overall - lowest it has been for many months.

I will hold strong for now and just buy more if it keeps crashing over the next 24 hours.

I see many saying this is market manipulation with the big boys trying to flush out the average person before the market really gets going in a few months.

If you are panicking right now just step away for a bit and buy more if you can at these discount prices. When the market turns round these altcoins will go up fast again.

Topic: How it everyone feeling during this altcoin crash? - page 9. (Read 3160 times)