How to profit from altcoins collapses? - page 2.

abralzain17

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Quote from: Greg Tonoski on January 16, 2023, 08:35:38 AM

Is it possible to profit from collapses of altcoins? Do you have any ideas how to?

is the altcoin you are referring to an altcoin that has good potential?.
maybe we can profit from every altcoin collapse, but we need to see that the altcoin has good Fundamentals and there is potential to continue to grow after the collapse. if so we can take advantage of it

Xal0lex

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Quote from: DOH! on January 26, 2023, 08:45:44 AM

The opportunity to make a profit when the market drops sharply has a very low success rate. I am also experiencing huge losses with my altcoin portfolio but I am not selling them all. I recreate the altcoin portfolio with projects I think have potential and stack them. Instead of my portfolio of 6 altcoins, I'll be selling those that don't have much upside based on my analysis. Use the proceeds to buy more altcoins that I hold. I expect one of them to thrive in the long run.

The most common strategy to profit from a falling market is for margin traders, but margin trading itself is risky. The best strategy for profiting from a falling market is to buy back cheap coins at a deep discount, then hold them for the medium or long term and then sell them. This is much safer than playing with shoulders and putting yourself at risk of liquidation.

TheUltraElite

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Quote from: DOH! on January 26, 2023, 08:45:44 AM

The opportunity to make a profit when the market drops sharply has a very low success rate. I am also experiencing huge losses with my altcoin portfolio but I am not selling them all. I recreate the altcoin portfolio with projects I think have potential and stack them. Instead of my portfolio of 6 altcoins, I'll be selling those that don't have much upside based on my analysis. Use the proceeds to buy more altcoins that I hold. I expect one of them to thrive in the long run.

Recreating a portfolio needs a lot of work from your side. Finding projects that have potential is an easy thing to say but lack depth because most projects that are recently launched will collapse in the long run maybe even faster like the next two years. Instead focus on bitcoin and possibly the top five altcoins and not more than that.

Because the market is showing an uptrend, you might see movements in altcoins but dont let that fool you, these coins are lacking in development and they would never be as big as bitcoin is.

In the long run from my view, altcoins suck and bitcoin rocks.

DOH!

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The opportunity to make a profit when the market drops sharply has a very low success rate. I am also experiencing huge losses with my altcoin portfolio but I am not selling them all. I recreate the altcoin portfolio with projects I think have potential and stack them. Instead of my portfolio of 6 altcoins, I'll be selling those that don't have much upside based on my analysis. Use the proceeds to buy more altcoins that I hold. I expect one of them to thrive in the long run.

Blawpaw

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Quote from: Greg Tonoski on January 16, 2023, 08:35:38 AM

Is it possible to profit from collapses of altcoins? Do you have any ideas how to?

Yes, it is possible to profit from the collapse of altcoins, but it requires a high level of risk tolerance and a thorough understanding of the market. One strategy is to short-sell the altcoin, which means borrowing shares of the coin and selling them with the hope that the price will decrease, allowing you to buy the shares back at a lower price and return them to the lender while keeping the difference as profit. However, the downside of this strategy is that if the price of the coin increases, you will incur a loss.
Another strategy is to hold Bitcoin instead of altcoins, as it is known as a haven asset in crypto market during market downturns and market crisis, where people tend to move their assets to Bitcoin instead of other altcoins.

doomloop

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Quote from: LogitechMouse on January 23, 2023, 10:14:23 PM

- Short selling if you believe that it will go down even lower.
- Placing a long position in exchanges like Binance etc. This is you expect that the altcoin will recover.
- Buying it and then wait for it to recover.

I'm assuming that what you are saying is "all altcoins" collapsed including those large market cap coins. There are many ways to profit from these altcoins depending on which altcoin you will choose to buy. I'm always a fan of buying on the large market cap coins as they are way less risky than those with low market cap altcoins, but gives lower reward. On the other hand, maybe you should consider researching and buying those young and new projects as long as you are ready with the worst case scenario. Young and new altcoins can give you huge profits.

I think short selling will depend on what kind of coins you hold. If you are a holding a new coin and you don't know it's future then much better if sell it before more collapse are going to be recorded but if what you have is a top coin then it will be better if just hold them than selling and incur a loss as they can still recover.

For the second one that you suggest which is placing a long position, the coins will fit better here are those top coins because again like I said earlier, we already know that they can recover. Same goes to the last one in your list. There are many ways or activities that we can do to earn but I think most of them only work when the market is in good condition.

Greg Tonoski

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From the many similar answers I realized that there is another way to indirectly profit from altcoin collapses: charge fees for trades in them, i.e. run exchange business (sort of casino in case of altcoins). That's not exactly what I asked about. I am interested in a direct way to profit from collapses of altcoins and not taking advantage of suckers who chase get-rich-quick schemes.

d3nz

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Quote from: blockman on January 24, 2023, 06:21:02 AM

Quote from: Zoec on January 23, 2023, 06:41:03 PM

I never touch or playing for something with will fall.
Take more sense buying other coins in good potential. Short-Long? too risky.

Just like the known quote, "don't catch falling knives".
That's a good action when you understand that if you're interested in buying during a fall, it's not the actual dip but it's more of those knives falling and will just bear damage to your portfolio. It's a different situation when we're telling people to buy in the dip for bitcoin because we know how entirely different it is from the altcoins that are being seen on its collapse.

Another way around for those investors that still want to buy when it's falling should have a stop-loss position and this is to avoid a huge loss when the market keeps going down we all know that even if you speculate and analyze the market we don't know what's gonna happen even on a split second. Also, altcoins really go much dipper when the bitcoin dominance is going up which maybe some of the altcoins will surely get affected on it.

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Quote from: Zoec on January 23, 2023, 06:41:03 PM

I never touch or playing for something with will fall.
Take more sense buying other coins in good potential. Short-Long? too risky.

Just like the known quote, "don't catch falling knives".
That's a good action when you understand that if you're interested in buying during a fall, it's not the actual dip but it's more of those knives falling and will just bear damage to your portfolio. It's a different situation when we're telling people to buy in the dip for bitcoin because we know how entirely different it is from the altcoins that are being seen on its collapse.

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Quote from: romero121 on January 23, 2023, 06:54:55 PM

Quote from: Oasisman on January 23, 2023, 06:31:24 PM

Quote from: Desmong on January 23, 2023, 06:17:16 PM

Quote from: Greg Tonoski on January 16, 2023, 08:35:38 AM

Is it possible to profit from collapses of altcoins? Do you have any ideas how to?

I don't really understand what you mean by altcoin collapse because any coin that had collapse may not be able to go bullish again. The market is going to be going bullish soon and I am very sure that most altcoins that had lost there liquidity may now start going bullish again since the market is still very positive with more better movement that will lead to a big momentum.

Basic initiative, collapse is another term for dip, correction, or anything bearish. Collapsed is different from "dead", those are the coins who will not gonna rise up again.
Also, the market isn't bullish yet, but it's good to buy top alts in the market today while the price is still affordable. Bullish market may most likely not gonna happen sooner, but most likely before or after the Bitcoin halving next year.

Whenever the market of altcoins is found to be at the bottom make some investment. The altcoins invested should be chosen perfectly, if not we will be in a situation to hold for much longer time period. With altcoins we also need luck, at times what we've chosen to invest won't pump and the rest spikes.

On the other hand it is also not easy to determine which altcoins are really worth it,
it requires research which definitely takes a lot of time to do,
which is clearly not easy to make decisions wisely.

lienfaye

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Quote from: Greg Tonoski on January 16, 2023, 08:35:38 AM

Is it possible to profit from collapses of altcoins? Do you have any ideas how to?

You can take advantage the collapse but this depends on why it's happening. If it's because of the normal bearish season due to Bitcoin is plunging and alts are following, then you can buy alts that you like to invest in for cheaper price. Choose the one with potential and worthy to hold.

But if you're pertaining to alts plunging because of the dump of many investors because it is a pump and dump coin, then think carefully. Ask yourself if it is good to buy while others are dumping. Reseach if it has a utility and sustainable. If the answer is no, then stay away if you don't want to lose your money.

LogitechMouse

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Quote from: Greg Tonoski on January 16, 2023, 08:35:38 AM

Is it possible to profit from collapses of altcoins? Do you have any ideas how to?

- Short selling if you believe that it will go down even lower.
- Placing a long position in exchanges like Binance etc. This is you expect that the altcoin will recover.
- Buying it and then wait for it to recover.

I'm assuming that what you are saying is "all altcoins" collapsed including those large market cap coins. There are many ways to profit from these altcoins depending on which altcoin you will choose to buy. I'm always a fan of buying on the large market cap coins as they are way less risky than those with low market cap altcoins, but gives lower reward. On the other hand, maybe you should consider researching and buying those young and new projects as long as you are ready with the worst case scenario. Young and new altcoins can give you huge profits.

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Quote from: romero121 on January 23, 2023, 06:54:55 PM

Whenever the market of altcoins is found to be at the bottom make some investment. The altcoins invested should be chosen perfectly, if not we will be in a situation to hold for much longer time period. With altcoins we also need luck, at times what we've chosen to invest won't pump and the rest spikes.

deciding which altcoins to buy and invest for any given time is the tough one. sometimes we just buy altcoins based on marketcap ratings and altcoin popularity.
we might forget about altcoins with roadmaps that are already close to a big event. back during the ICO season, we could see tokens that had renewal often get a good pump in the market. but maybe the current situation is different. focus on investing in altcoins with good popularity and reputation.

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Quote from: Oasisman on January 23, 2023, 06:31:24 PM

Quote from: Desmong on January 23, 2023, 06:17:16 PM

Quote from: Greg Tonoski on January 16, 2023, 08:35:38 AM

Is it possible to profit from collapses of altcoins? Do you have any ideas how to?

I don't really understand what you mean by altcoin collapse because any coin that had collapse may not be able to go bullish again. The market is going to be going bullish soon and I am very sure that most altcoins that had lost there liquidity may now start going bullish again since the market is still very positive with more better movement that will lead to a big momentum.

Basic initiative, collapse is another term for dip, correction, or anything bearish. Collapsed is different from "dead", those are the coins who will not gonna rise up again.
Also, the market isn't bullish yet, but it's good to buy top alts in the market today while the price is still affordable. Bullish market may most likely not gonna happen sooner, but most likely before or after the Bitcoin halving next year.

Whenever the market of altcoins is found to be at the bottom make some investment. The altcoins invested should be chosen perfectly, if not we will be in a situation to hold for much longer time period. With altcoins we also need luck, at times what we've chosen to invest won't pump and the rest spikes.

Zoec

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I never touch or playing for something with will fall.
Take more sense buying other coins in good potential. Short-Long? too risky.

Oasisman

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Quote from: Desmong on January 23, 2023, 06:17:16 PM

Quote from: Greg Tonoski on January 16, 2023, 08:35:38 AM

Is it possible to profit from collapses of altcoins? Do you have any ideas how to?

I don't really understand what you mean by altcoin collapse because any coin that had collapse may not be able to go bullish again. The market is going to be going bullish soon and I am very sure that most altcoins that had lost there liquidity may now start going bullish again since the market is still very positive with more better movement that will lead to a big momentum.

Basic initiative, collapse is another term for dip, correction, or anything bearish. Collapsed is different from "dead", those are the coins who will not gonna rise up again.
Also, the market isn't bullish yet, but it's good to buy top alts in the market today while the price is still affordable. Bullish market may most likely not gonna happen sooner, but most likely before or after the Bitcoin halving next year.

Desmong

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Quote from: Greg Tonoski on January 16, 2023, 08:35:38 AM

Is it possible to profit from collapses of altcoins? Do you have any ideas how to?

I don't really understand what you mean by altcoin collapse because any coin that had collapse may not be able to go bullish again. The market is going to be going bullish soon and I am very sure that most altcoins that had lost there liquidity may now start going bullish again since the market is still very positive with more better movement that will lead to a big momentum.

lalabotax

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Quote from: Greg Tonoski on January 16, 2023, 08:35:38 AM

Is it possible to profit from collapses of altcoins? Do you have any ideas how to?

If altcoins have collapsed, we only are waiting for the end of the altcoins themselves. If we have been late to take profits or even set a stop loss, this means that we have lost our chance. Commonly, an altcoin collapse will happen very quick in a short time. After that, we have no chance anymore to secure our assets and moreover to take profits. But sometimes, some certain parties use certain periods to likely pump up the price again but only very few times so that they can take profits in the pump price. But once more, if we are late to sell, we will have no chance anymore. In this case, we can see that the risks are very high for the altcoin collapses.

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Quote from: Greg Tonoski on January 16, 2023, 08:35:38 AM

Is it possible to profit from collapses of altcoins? Do you have any ideas how to?

You have two options in 99% cases. The best method is to open short position on crypto exchanges if the crypto pair is offered on market. Second option is to buy dip points before alt season so you can harvest profits when price goes ATH. Depending on the capital and trading experience, you may make nice ROI with right trading decisions. Choosing the coin that may go down in next bear attack on the market should be hard task, instead, you can pick few altcoins and follow updates to make clear decisions later.

This is the common and right way to make profit in bear market and I personally doing this when I'm ready to make a profit in a falling market. I rarely do shorting since I don't trade much these past few months that's why I don't know where the a dump is potentially heading, It's hard to guess where will the price fall. A TA is a necessary in doing shorting. Buying at lower prices is my always go to when big dumps happens, Most of the time you can get the best prices in dumps as long as you know what is the project or altcoin you are buying and know if it is underpriced and worthy to keep for a long time.

Xal0lex

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Quote from: piebeyb on January 23, 2023, 09:16:00 AM

you have to do research first to invest in altcoins, of course, look for old altcoins that have lasted until now, not look for altcoins that are only 1 or 2 years old, chances are they can crash without recovering, then if you have done your research, buy all altcoins when the market crashes and save it for the next few years at least till 2025 as long term investment and 4 year cycle Wink

This is an extremely controversial statement. So you are suggesting to look for altcoins that have already grown a long time ago and can bring only a few hundred percent and refuse from projects that have not yet grown and can carry a potential 1000%? Don't forget, projects like Polygon or TrustWallet Token also used to be young and worth very little, and then they brought their early investors big profits. In general, you should not ignore young projects.

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