I was tempted to sell off altcoin | Bitcointalksearch.org

Adbitco

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Quote from: lombok on March 17, 2022, 08:42:33 PM

Quote from: btc78 on March 16, 2022, 05:07:35 AM

Quote from: Adbitco on February 24, 2022, 02:04:08 AM

Hello mate
Do we currently calls the market situation the bear or what?
Today I just opened my storage where i buy and stored most of my crypto coin and the rest I noticed have almost lost 60% of all my asset in dollars so I was tempted to sell off all and take a look at the market to know if there will be corrections, though I have been monitoring the market but I m not really convinced so I decided to share here to know whether I could get some people who knows about the market to give a little breakdown before I go into such decisions.
I will really appreciate then i can know the reason for such action and decrease in most of the currencies especially BTC and BNB.

Thank you.

I will read all comments to see the reason.

Remember that the final decision will always be yours and listening to most advice will not bring any help for you specially that you sounds like Knowledgeable in this market and forum.

Why not decide which to sell and what to buy? in those cases you can finally let Shitcoins(if you have any) and purchase other coin that has more potential than what you are holding .

Exactly what you said. Decide for yourself about something we want to sell because we ourselves that know and are sufficient about the profits we get from owning crypto coins. If there are a lot of outside suggestions, it will affect the decisions we will make which will lead to something we don't want, for example if the price continues to fall which causes big losses. So we tend to be lazy and don't want to do research and will always depend on other people's opinions which are not necessarily applicable.

Hopefully the OP has found the answer and taken the appropriate action according to him.

Thanks you for the contributions just as said before i already gotten an options which works perfectly fine for me have used it to get most of the profit which i lost. Secondly i will be locking this thread to avoid further spamming.

shawon01

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Quote from: ice18 on March 10, 2022, 10:38:44 PM

How did you end up in 60% loss if you are monitoring the market often? If you are holding some legit and worthy altcoins then you don't have to panic this is normal in crypto but if you are holding a shitcoin then sell of all them right now before its value goes to zero. If you want to hold for a long term just always make sure you buy alts which has reputable developers and strong fundamentals, stay away from pump and dump coins.

This is because of the fact that holders are always warned against using a large cut method. The main reason is that if you are an experienced holder, now you do not see much of your holding. That is, you need to check the history of the market, you must first see that talking, they must be seen at all future gates, it can be a cutoff, and if something like that happens, you can avoid it, just hold on, since you are already known to be a myth in the long run.

EQIFI

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Quote from: ?? on ??

Quote from: Yacht_X_Coin on February 25, 2022, 07:31:51 AM

After the rise, there is a fall in the market. Then will be rise again. But in the long term perspective cryptocurrency market rise. So it is better not to hurry and not to sell assets.
It is impossible to stop technology and development.
Now appear projects that use artificial intelligence for development and to create better tools like this https://twitter.com/PredictVision/status/1496833642714312707

I do not think that now is a good time to sell altcoins. It is better to buy altcoins.
Every day a lot of new projects appear and investors have a big choice of new projects.
To do thins it is necessary to carefully monitor the market.

Now many people use cryptocurrency for investment purposes. They buy cryptocurrency and hold it. That is why the adoption of cryptocurrency increase.
Now more an more people use cryptocurrency because they believe in its future growth and increase of adoption.

Anonymous100

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Quote from: Adbitco on February 24, 2022, 02:04:08 AM

Hello mate
Do we currently calls the market situation the bear or what?
Today I just opened my storage where i buy and stored most of my crypto coin and the rest I noticed have almost lost 60% of all my asset in dollars so I was tempted to sell off all and take a look at the market to know if there will be corrections, though I have been monitoring the market but I m not really convinced so I decided to share here to know whether I could get some people who knows about the market to give a little breakdown before I go into such decisions.
I will really appreciate then i can know the reason for such action and decrease in most of the currencies especially BTC and BNB.

Thank you.

I will read all comments to see the reason.

Current market conditions are difficult to predict, whether it will be pumped or dumped. But on some of the previous discussions, many have said that in April the market got pumped up again. If we see the signs now, it has been done slowly.

Dragonbite

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Quote from: cryptoserega on March 19, 2022, 01:47:47 PM

Quote from: Yacht_X_Coin on February 25, 2022, 07:31:51 AM

After the rise, there is a fall in the market. Then will be rise again. But in the long term perspective cryptocurrency market rise. So it is better not to hurry and not to sell assets.
It is impossible to stop technology and development.
Now appear projects that use artificial intelligence for development and to create better tools like this https://twitter.com/PredictVision/status/1496833642714312707

I agree that now is the best time to buy altcoins, because many experts thing that cryptocurrency market will continue to grow.
The more anstable is economic situation in the world the higher is demand in the token.

Now many people actives buy cryptocurrency because many people believe in the future growth in the cryptocurrency market.
Also investors actively monitor the marekt to find the best projects for investment.

cryptoserega

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Quote from: Bertyda on March 18, 2022, 04:18:40 PM

Quote from: Yacht_X_Coin on February 25, 2022, 07:31:51 AM

After the rise, there is a fall in the market. Then will be rise again. But in the long term perspective cryptocurrency market rise. So it is better not to hurry and not to sell assets.
It is impossible to stop technology and development.
Now appear projects that use artificial intelligence for development and to create better tools like this https://twitter.com/PredictVision/status/1496833642714312707

I do not thing that now is a good time to sell altcoins.
It is better to buy them.
It is necessary to monitor the market to buy tokens for the best price during pre-sale.

I agree that now is the best time to buy altcoins, because many experts thing that cryptocurrency market will continue to grow.
The more anstable is economic situation in the world the higher is demand in the token.

Bertyda

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Quote from: ?? on ??

Quote from: Yacht_X_Coin on February 25, 2022, 07:31:51 AM

After the rise, there is a fall in the market. Then will be rise again. But in the long term perspective cryptocurrency market rise. So it is better not to hurry and not to sell assets.
It is impossible to stop technology and development.
Now appear projects that use artificial intelligence for development and to create better tools like this https://twitter.com/PredictVision/status/1496833642714312707

Fall of the market is time to buy altcoins. There are a lot of altcoins but among them there are a lot of scams.
To evaluate the future prospects of altcoin it is necessary to have experience and carefully check everything not to invest money in scams.

I do not thing that now is a good time to sell altcoins.
It is better to buy them.
It is necessary to monitor the market to buy tokens for the best price during pre-sale.

91254vvpatel

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jaimini patel

Not responding to the condition at the date you asked the question. But currently March 18th. I am giving this answer pertaining to today's market. So that those who read the answer to this question can get a little more information about it. Currently it has risen in 24 to 48 hours. Everyone who casts their eyes upon it, wants a go. If you bought at a lower price you can sell today. But if you want to make more profit, you can make more profit by selling your Altcoin investment piecemeal.

lombok

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Quote from: btc78 on March 16, 2022, 05:07:35 AM

Quote from: Adbitco on February 24, 2022, 02:04:08 AM

Hello mate
Do we currently calls the market situation the bear or what?
Today I just opened my storage where i buy and stored most of my crypto coin and the rest I noticed have almost lost 60% of all my asset in dollars so I was tempted to sell off all and take a look at the market to know if there will be corrections, though I have been monitoring the market but I m not really convinced so I decided to share here to know whether I could get some people who knows about the market to give a little breakdown before I go into such decisions.
I will really appreciate then i can know the reason for such action and decrease in most of the currencies especially BTC and BNB.

Thank you.

I will read all comments to see the reason.

Remember that the final decision will always be yours and listening to most advice will not bring any help for you specially that you sounds like Knowledgeable in this market and forum.

Why not decide which to sell and what to buy? in those cases you can finally let Shitcoins(if you have any) and purchase other coin that has more potential than what you are holding .

Exactly what you said. Decide for yourself about something we want to sell because we ourselves that know and are sufficient about the profits we get from owning crypto coins. If there are a lot of outside suggestions, it will affect the decisions we will make which will lead to something we don't want, for example if the price continues to fall which causes big losses. So we tend to be lazy and don't want to do research and will always depend on other people's opinions which are not necessarily applicable.

Hopefully the OP has found the answer and taken the appropriate action according to him.

Republikcoin.com

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Quote from: ?? on ??

That's true and sometimes we forget about it that our final decision that determines it is not someone else,
practice to make your own decisions because if you just depend on what other people say it will never end,
Of course, before making a decision we need to do research so that we are sure of the decision

Even though doing research is not difficult and tiring because basically it is free and can be done by anyone who feels he needs more information for a product, so why rely on people's words while everyone can also search and read everything information in the crypto space.
So it's clear that depending on other people's words is not a good option for now and also for the future, because the future is always determined by each individual.

ZaMRoneY

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Quote from: Adbitco on February 24, 2022, 02:04:08 AM

Hello mate
Do we currently calls the market situation the bear or what?
Today I just opened my storage where i buy and stored most of my crypto coin and the rest I noticed have almost lost 60% of all my asset in dollars so I was tempted to sell off all and take a look at the market to know if there will be corrections, though I have been monitoring the market but I m not really convinced so I decided to share here to know whether I could get some people who knows about the market to give a little breakdown before I go into such decisions.
I will really appreciate then i can know the reason for such action and decrease in most of the currencies especially BTC and BNB.

Thank you.

I will read all comments to see the reason.

Hey mate!

The market was (still is) rough around the time this post was made i actually took the 60% loss and was fuck it now that 60% would have been more like 70% but i feel like selling now would be a really bad move even tho it's half a month later. We've been in pain for quite some while now the more pain you feel the closer we are to actually getting out of it, atleast that's how i look at it. I cashed out my old projects that have been in a steady decline for 6-7 months and i'm thinking about going for #Lunafi for promising to bring safe gambling with low gas fees to metaverse due to being built on Polygon, sounds really dope i don't like $ETH gas prices at all can't wait to plug in my vr and go exploring. The other one i stumbled upon was $ENGN which is gaming studio token that makes implementing blockchain technology onto non-blockchain projects possible without having to rewrite the base code, plus they got a new game around the corner that's simply reminds me of buffed Fortnite. Any suggestions on my choices or any other projects to keep an eye out ?

Thanks Cool

btc78

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Eloncoin.org - Mars, here we come!

Quote from: Adbitco on February 24, 2022, 02:04:08 AM

Hello mate
Do we currently calls the market situation the bear or what?
Today I just opened my storage where i buy and stored most of my crypto coin and the rest I noticed have almost lost 60% of all my asset in dollars so I was tempted to sell off all and take a look at the market to know if there will be corrections, though I have been monitoring the market but I m not really convinced so I decided to share here to know whether I could get some people who knows about the market to give a little breakdown before I go into such decisions.
I will really appreciate then i can know the reason for such action and decrease in most of the currencies especially BTC and BNB.

Thank you.

I will read all comments to see the reason.

Remember that the final decision will always be yours and listening to most advice will not bring any help for you specially that you sounds like Knowledgeable in this market and forum.

Why not decide which to sell and what to buy? in those cases you can finally let Shitcoins(if you have any) and purchase other coin that has more potential than what you are holding .

Fesatmas

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Quote from: wozzek23 on March 16, 2022, 04:00:01 AM

There will be tons of periods in life when people will feel like selling their coins.

There is nothing wrong with that neither, sell it, don't sell it, if you are worried about it, getting out would be the best course. We keep saying hodl, but even I sold my coins when I needed it for something urgent in my life.

Sometimes crypto is the only way. It is our savings, at least it is mine. It means that if I need to tap into my savings, I need to cash out my crypto.

It happens all the time, just recently I had to pay for hospital switch for my mother in law, and it worked amazingly, she has been a lot better for a week, and it totally worths it.

There are times when we have to sell our assets, even though we don't really want to sell them. But I think you made the right decision to sell the coins for your mother-in-law's needs.
And you are right, here is one way to save some of our money for sudden and unplanned purposes. And this is one of the best choices in my opinion.

Bertyda

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Quote from: zayika57 on March 15, 2022, 03:22:47 PM

Quote from: Yacht_X_Coin on February 25, 2022, 07:31:51 AM

After the rise, there is a fall in the market. Then will be rise again. But in the long term perspective cryptocurrency market rise. So it is better not to hurry and not to sell assets.
It is impossible to stop technology and development.
Now appear projects that use artificial intelligence for development and to create better tools like this https://twitter.com/PredictVision/status/1496833642714312707

The matter is nobody knows how long may be a fall of the market.
Many people believe then soon market will restore but fall of the market may be a year or even more.

During the fall of the market it is a good time to buy tokens for the best price to have ht maximum profit from investment.
Not all the projects will be able to survive during the fall of the market. That is why it is necessary to check how important will be a project in future to evaluate its potential.

wozzek23

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There will be tons of periods in life when people will feel like selling their coins.

There is nothing wrong with that neither, sell it, don't sell it, if you are worried about it, getting out would be the best course. We keep saying hodl, but even I sold my coins when I needed it for something urgent in my life.

Sometimes crypto is the only way. It is our savings, at least it is mine. It means that if I need to tap into my savings, I need to cash out my crypto.

It happens all the time, just recently I had to pay for hospital switch for my mother in law, and it worked amazingly, she has been a lot better for a week, and it totally worths it.

zayika57

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Quote from: Lunafox on March 11, 2022, 11:13:53 AM

Quote from: Yacht_X_Coin on February 25, 2022, 07:31:51 AM

After the rise, there is a fall in the market. Then will be rise again. But in the long term perspective cryptocurrency market rise. So it is better not to hurry and not to sell assets.
It is impossible to stop technology and development.
Now appear projects that use artificial intelligence for development and to create better tools like this https://twitter.com/PredictVision/status/1496833642714312707

During the fall of the market only the best projects will be able to survive, that are really interesting to people.
During the rise of the market a lof of new projects appear every day, but not all of them are useful and will be able to survive over the time.

The matter is nobody knows how long may be a fall of the market.
Many people believe then soon market will restore but fall of the market may be a year or even more.

Jating

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Quote from: 7788bitcoin on March 13, 2022, 04:29:16 PM

Quote from: nimogsm on March 12, 2022, 11:06:47 AM

It seems to me that now is not the best time for altcoins.Now it is very important to form a strong portfolio that can survive all the fluctuations in the market. You can purchase only if you have a lot of free funds, and then you need to be careful with the choice.

I would wait for the crypto winter and then make my decision on whether to invest and on which project. We already saw majority of the hyped up projects touching their all time high valuation and if you were able to book your profit, then it is good for you as the correction was pretty huge as wall from its all time high and considering we already touched the all time high valuation, i am waiting for the major correction and then make my investment decision.

I think we are already in the beginning of the crypto winter, but I guess the second quarter is where the price will really go down and suffer. And maybe that is the time to think whether we are going to reinvest. But for me that is the easiest part. The hard part is going to be how long you are going to hold on those altcoins. It will be hard and tough to see your portfolio not making money in the next 2-3 years. So there could be time that you are tempted, just saying. So there is also this mental aspect of the game.

7788bitcoin

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Quote from: nimogsm on March 12, 2022, 11:06:47 AM

It seems to me that now is not the best time for altcoins.Now it is very important to form a strong portfolio that can survive all the fluctuations in the market. You can purchase only if you have a lot of free funds, and then you need to be careful with the choice.

I would wait for the crypto winter and then make my decision on whether to invest and on which project. We already saw majority of the hyped up projects touching their all time high valuation and if you were able to book your profit, then it is good for you as the correction was pretty huge as wall from its all time high and considering we already touched the all time high valuation, i am waiting for the major correction and then make my investment decision.

Flexystar

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Read some of the replies which are stating it’s just another dip and everything. However I find this is just another dip but it was further extended by Russia Ukraine war out break. Remember that if you had any technical analysis before which plotted the graph to show huge upward direction for the bitcoin then it’s going to be misleading one at this situation.

Our technical analysis do not consider the factual stuff, well not the war as much as I know. So re-structure the whole thing and you may see some valued results ahead. But still we should not hurry as the war can lead to disastrous results ahead.

Pasa32

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That has happened with almost everyone, my portfolio is also in loss about 50%. What was my action? I sold the less potential coins into the high potential. I have bought atom, Juno and Osmo ad they have Bright and there is also another benefit that we can get Airdrop on cosmos, Juno networks. So I am following this strategy to recover my loss.

Topic: I was tempted to sell off altcoin (Read 1204 times)