i lost 20% of my budget - page 5. | Bitcointalksearch.org

stryker

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Quote from: fadel on November 29, 2017, 07:11:17 PM

why are all these cryptocurrencies are going down?

20% is not too much.
The cost of all these altcoins fell down, because there was an active growth of bitcoin. So everything is arranged here, investors and traders are pumping money between bitcoin and alts. If you intentionally did not sell an altcoins, then don't worry and wait for the next growth.

cydrix

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Quote from: fadel on November 29, 2017, 07:11:17 PM

why are all these cryptocurrencies are going down?

Cant helped that bitcoin is at its correction time.Maybe you've bought the expensive ones and at the top might be better if you bought the most fresh at cryptocurrency world and it is sure to grow cause other trader will monitor it as well. Being a trader is risky sometimes even if youd have lost a big amount of money dont panic and dont sell it easily let time be your guide and experience the hardships.

sotoshihero

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Quote from: Barbut on December 07, 2017, 02:11:57 PM

Quote from: nydiacaskey01 on December 07, 2017, 01:43:57 PM

I lost 25% of my Bitcoins today in my Poloniex account not because it was hacked but Its because I tried to hold an altcoin a little bit longer thinking that it will recover but unfortunately, the alts that I bought continued to drop until I sold for BTC. Others may think its not a wise move because we all know that it will recover eventually, I have other plans that I think will help me gain back what I lost from the altcons carnage today.

That is happening with my ballance too, in august my balance in altcoins was around 60 mbtc, now same amount is around 23 mbtc when I checked last time. Prices are rising in dollars or stay the same, while many of them lose value in bitcoins. I hold some coins still, I think they will rise in future, I try to not give to much credit to different speculations, you believe in something or not, I think better times will come and i wait them.

Oh well you are not alone. I hold only the altcoins without realizing that bitcoin will reach this too much high. I lost in bitcoin value but in dollar its almost the same or sometimes higher from it original value. Though I gained also but not very much if it is park in bitcoin. I learned my lesson.

BartS

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Quote from: naidray on December 05, 2017, 01:45:55 PM

Quote from: stunvn on November 30, 2017, 07:48:23 AM

If I were you I will cut lost immediately.
Look at the chart of altcoins from May to today.

Never hodl altcoins. Trade and sell short-term 1-3 weeks.

You will see many better altcoin that sounds better than old ones. People will rush in those new alts and leave the old ones to death.

Look at the chart. NEVER HODL ALTCOINS!

HODL the STRONGEST COINS on the CMC: BTC, ETH, BCH or LTC your choice.

I have always seen people saying be patient, do not worry they will get back up sooner, but normally a good trader should find the best form of exit even before entry and 20% to me is still something very good now as far as I am concerned.

It is good most times like you said, to cut loss, and get back in a better position if possible. I have never been comfortable holding alts for too long; except for some I got from trading and decided to hold for the long term in my wallet. For trading however, it is a No! If they do are not going the way you expect, let them loose.

Well, alts are really not meant to be held for long, you need to always be ready to dump them if the necessity arises, like when the price is dropping very fast or when you reach your target price and you are happy to sell, the only coin worthy of holding for the long term is bitcoin but I understand why some people may prefer to hold other coins since bitcoin is extremely expensive and it does not seems like it is going to get any cheaper.

wuvdoll

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Quote from: Kr-sama on December 05, 2017, 01:45:28 PM

Quote from: Chronos_angel on December 05, 2017, 12:30:05 PM

Quote from: fadel on November 29, 2017, 07:11:17 PM

why are all these cryptocurrencies are going down?

this may be due to the rise in bitcoin prices but believe in certain altcoin prices will soon rise after the bitcoin is corrected

Yeah. Most of the cryptocurrencies have been falling down in the last few days. Because of the price correction. But it is starting to rise back up now. Bitcoin's price is also starting to rise again, even hitting an all time high. Almost reaching $12,000.

Yeah, the thing is that patience is all that is needed. No one can have it all at once. The fact that they are 20% lesser today does not mean they may not be 100% greater in value or more by tomorrow. I have seen a lot of altcoin with such a huge level of increase in a short while.

There is always no point selling at loss if someone is sure of the coin they are holding not to be shit coin which in that case would be the worst thing to do bag holding any shit coin, except you luckily get out when the market gets pumped.

Fuhre

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It seems you don't know the motto of a trader, buy when the price goes down, hold it, then sell when the price reaches far from the price that someone purchased. If your emotions are so high, you definitely experience this by selling below the purchase price, if you can hold your emotions, I feel you will not lose your own budget. Crypto market like this but only temporary, anytime the price can exceed the price you buy.

el kaka22

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Quote from: passwordnow on December 05, 2017, 12:25:16 PM

Quote from: fadel on November 29, 2017, 07:11:17 PM

why are all these cryptocurrencies are going down?

It's because the crypto market doesn't have any control whether it will pump or being dumped. And why are you worried about it? Are you still new to this market? Before getting in you should know what are the pros and cons of crypto investment/trading. Law of supply and demand is applicable in all aspects of crypto's when there are too many supplies in the economy their price are going down because many are selling.

You think everyone really read about cryptocurrency and the whole idea of blockchain technology before they got here? SO many people just heard crypto is the booming investment and then they decided to give it a try without even bothering to know all that is necessary to know so they do not fall a victim of being a panic when situations like this arrive.

In the case of OP, patience is absolutely required in the crypto world. I have held some coins for long and when they eventually pumped, they gave me even far more than I even expected.

Barbut

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Quote from: nydiacaskey01 on December 07, 2017, 01:43:57 PM

I lost 25% of my Bitcoins today in my Poloniex account not because it was hacked but Its because I tried to hold an altcoin a little bit longer thinking that it will recover but unfortunately, the alts that I bought continued to drop until I sold for BTC. Others may think its not a wise move because we all know that it will recover eventually, I have other plans that I think will help me gain back what I lost from the altcons carnage today.

That is happening with my ballance too, in august my balance in altcoins was around 60 mbtc, now same amount is around 23 mbtc when I checked last time. Prices are rising in dollars or stay the same, while many of them lose value in bitcoins. I hold some coins still, I think they will rise in future, I try to not give to much credit to different speculations, you believe in something or not, I think better times will come and i wait them.

nydiacaskey01

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I lost 25% of my Bitcoins today in my Poloniex account not because it was hacked but Its because I tried to hold an altcoin a little bit longer thinking that it will recover but unfortunately, the alts that I bought continued to drop until I sold for BTC. Others may think its not a wise move because we all know that it will recover eventually, I have other plans that I think will help me gain back what I lost from the altcons carnage today.

Qunenin

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Quote from: fadel on November 29, 2017, 07:11:17 PM

why are all these cryptocurrencies are going down?

Nothing is lost if you don't sold in lost. All the alts are down but bitcoin is rising, but this is not anything to be in panic. If you hold the altcoins and can wait, they will come back up and you will be in profits. But if you sell in loss , then i am afraid you lost in trading and made a wrong decision.

erickkyut

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Quote from: fadel on November 29, 2017, 07:11:17 PM

why are all these cryptocurrencies are going down?

Fluctuation is very normal. Crytocurrency market is very volatile. Don't be sad or lose hope if the value of your coins are very low. If you will hold it, it will surely pump. Just think of it as a chance that you can add more coins to your protfolio at a cheaper price.

BartS

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Quote from: fadel on November 29, 2017, 07:11:17 PM

why are all these cryptocurrencies are going down?

Why, because it happens sometimes there are not reasons for something like that, it seems you are a trader and as such you are going to try to understand the way the market moves, but sometimes the only thing you can do is to accept what the market is giving to you, if I were you I will just hold and wait to get profits, but the fact that you are a newbie and seem upset about this tells me that maybe you should try to think if trading is in fact the best option for you.

LodisMcguire

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Well because bitcoin is still rising and still on correction all alt is dropping
You have to decide either cutloss or hold,you should ask others about your portofolio
If you're holding useless coin then cutloss immediately

passivebesiege

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Quote from: fadel on November 29, 2017, 07:11:17 PM

why are all these cryptocurrencies are going down?

Not all its actually depends what coin you bought make sure before buying any coin you already search about the project and not just listened to the FUD thats why you buy it. self learning is the best weapon to low the risk of buying altcoin.

naidray

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Quote from: stunvn on November 30, 2017, 07:48:23 AM

If I were you I will cut lost immediately.
Look at the chart of altcoins from May to today.

Never hodl altcoins. Trade and sell short-term 1-3 weeks.

You will see many better altcoin that sounds better than old ones. People will rush in those new alts and leave the old ones to death.

Look at the chart. NEVER HODL ALTCOINS!

HODL the STRONGEST COINS on the CMC: BTC, ETH, BCH or LTC your choice.

I have always seen people saying be patient, do not worry they will get back up sooner, but normally a good trader should find the best form of exit even before entry and 20% to me is still something very good now as far as I am concerned.

It is good most times like you said, to cut loss, and get back in a better position if possible. I have never been comfortable holding alts for too long; except for some I got from trading and decided to hold for the long term in my wallet. For trading however, it is a No! If they do are not going the way you expect, let them loose.

Kr-sama

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Quote from: Chronos_angel on December 05, 2017, 12:30:05 PM

Quote from: fadel on November 29, 2017, 07:11:17 PM

why are all these cryptocurrencies are going down?

this may be due to the rise in bitcoin prices but believe in certain altcoin prices will soon rise after the bitcoin is corrected

Yeah. Most of the cryptocurrencies have been falling down in the last few days. Because of the price correction. But it is starting to rise back up now. Bitcoin's price is also starting to rise again, even hitting an all time high. Almost reaching $12,000.

Chronos_angel

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Quote from: fadel on November 29, 2017, 07:11:17 PM

why are all these cryptocurrencies are going down?

this may be due to the rise in bitcoin prices but believe in certain altcoin prices will soon rise after the bitcoin is corrected

passwordnow

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Leading Crypto Sports Betting & Casino Platform

Quote from: fadel on November 29, 2017, 07:11:17 PM

why are all these cryptocurrencies are going down?

It's because the crypto market doesn't have any control whether it will pump or being dumped. And why are you worried about it? Are you still new to this market? Before getting in you should know what are the pros and cons of crypto investment/trading. Law of supply and demand is applicable in all aspects of crypto's when there are too many supplies in the economy their price are going down because many are selling.

ss890

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Quote from: fadel on November 29, 2017, 07:11:17 PM

why are all these cryptocurrencies are going down?

This is why one should always wait for very very long time after making the investment. Look at the market at current situation. It has gotten up by 200% if we compared your investment back in those months. I mean bitcoin and even other crypto coins are up by very much high difference by now and thats why I think its better to invest and wait before we can predict anything.

Im speaking here on this old post because I want to give everyone the proof of that "patience" which can bring us profits in long run. Now imagine the same investment today, which is neither + or which is neither - and we can easily earn +100% in next 6-8 months after seeing all the hypes in the market and after listening to what speculators has to say. This is the way we should work with the crypto currencies.

sana54210

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Quote from: fadel on November 29, 2017, 07:11:17 PM

why are all these cryptocurrencies are going down?

One basic rule of trading, never buy when everyone is buying. If you did not enter a market when it is still on the huge lows, do not bother yourself much again about such a market when it starts pumping. However, a lot of correction is going on at the moment and you should learn to use your stop loss if you are trying to enter a market. Nevertheless, also understand that patience is a virtue and you can just chill or look for more money to buy in when they go lower, so you can leverage on some good profit when they get pumped back.

Quote from: nydiacaskey01 on November 30, 2017, 08:09:21 AM

Its not a rule of thumb that whenever price of BTC goes up, cryptos will start turning red, what happen is its a market reaction that alt holders will start to cash in an enjoy the price surge of BTC but its not forever, it will recover just be patient and hodl. If you have extra and still willing to take the risk, buy more alts since the price is down.

Absolutely, nothing lasts forever. The going down of the alts are just going to happen for a while, very soon after the correction is over, most traders will start buying in back and then we see the prices going back up. Just like you said, instead of panicking, the best thing is to see these moments as an opportunity to make some profits from the dip.

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