I was tempted to sell off altcoin - page 3.

vanesha

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

Do we currently calls the market situation the bear or what?

True, the current condition we call it a bear market because the market shows the dominance of prices that tend to go down,
take advantage of the bear market to get cheap prices.

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

I will really appreciate then i can know the reason for such action and decrease in most of the currencies especially BTC and BNB.

Bitcoin tends to go down the first is because we are in a bear market, the other reason is bitcoin is at overbought point,
some whales prefer to sell their bitcoins to take advantage of vacations during the end of the year to early 2022.
BNB is going down for no definite reason yet, I think they should add some IDO projects in the future to raise BNB price again.
Apart from that, they also have to increase the security for their Binance Smart Chain network because there have been a lot of token attacks on that network.

budz0425

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Quote from: omone1 on March 09, 2022, 03:45:59 PM

My asset have lost over 85% and some 98%. I just can't afford to sell at loss, I rather build other project than to sell in complete loss, I understand it could go dipper down but the risk of selling and forgetting to buy back is there. My cake went from $40 to thus current price, sold some at $9 and $10.

Oh, that's too bad, you don't have a choice just to hold rather than sell, and your asset is very down. hopefully, the market gets recover that's the risk of crypto.

omone1

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My asset have lost over 85% and some 98%. I just can't afford to sell at loss, I rather build other project than to sell in complete loss, I understand it could go dipper down but the risk of selling and forgetting to buy back is there. My cake went from $40 to thus current price, sold some at $9 and $10.

RealMalatesta

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The market is following the current trend, which is the impact of the war in ukraine and russia the market is very difficult to predict sometimes it looks like it jumps all the way up and suddenly drops so deep, situations like this make me pull over and wait for the bears, to take the opportunity to buy and hold

People who make the most money are the people who get in during the worst times. War could be the main reason why we are lower right now, but that doesn't change the fact that we can't make a profit from it. The prices are down because the world is going through a rough period and that is sad for humanity. However, if you only care about money then this is a great period and you should be happy about it.

I personally feel like there are so many chances you could make money right now. Buy, into dozens of good projects that are working very hard to make some money and in the end I am pretty sure that a year later the war will not be around and during a bull market all the things I bought today, will make me richer.

Benefactor

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Individuals are getting terrified to see the market and afterward they are doing unloading to their resources as a piece of their arrangement when the conflict will occur and to be straightforward this might turn into a drawn out venture with the negative market however for me this is the best opportunity to purchase from the market. never know when a market makes a rebound and from my own experience I realize that I feel more stressed after I sell on a misfortune than I feel when I keep my Cryptocurrencies and clutch them.

tThOMAS

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I understand your point, but in some project you must have trust and don't sell them at first price drop, do research for project and see how going. For example eth,LTC,Refi,ENGN are project that i have trust and don't sell them, believe that good days are yet to come Cheesy

budz0425

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Quote from: LUCKMCFLY on March 05, 2022, 08:28:33 PM

It is that the Altcoin can be sold, many traders show that when they buy an altcoin with a profit of 30 or 40% they are satisfied, of course if the currency continues to grow, it is another case, it is up to the discretion of each person if He continues to keep it in Hodl mode, now well, I have many friends who, when they see that their currency reaches 20%, leave, and it is not seen as an error, it is something that they have already managed, they usually have the sell orders ready in the exchanges so that they run on their own, so it's not bad to sell, because everything depends on the plan.

Very correct. Some Altcoins are not for the long HODL and you should always have a sell target when you buy some ALts that you are not planning to hodl for long that's why some trader have their gain target and set their sell price however, some don't understand this or maybe they are greedy.

I agree with you, we should have a target when holding Altcoins, don't sell it if you still lose, or else you will never get recover. The only need is perfect timing to sell on your target price. and don't be greedy always.

judaspriest

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Quote from: LUCKMCFLY on March 05, 2022, 08:28:33 PM

It is that the Altcoin can be sold, many traders show that when they buy an altcoin with a profit of 30 or 40% they are satisfied, of course if the currency continues to grow, it is another case, it is up to the discretion of each person if He continues to keep it in Hodl mode, now well, I have many friends who, when they see that their currency reaches 20%, leave, and it is not seen as an error, it is something that they have already managed, they usually have the sell orders ready in the exchanges so that they run on their own, so it's not bad to sell, because everything depends on the plan.

Very correct. Some Altcoins are not for the long HODL and you should always have a sell target when you buy some ALts that you are not planning to hodl for long that's why some trader have their gain target and set their sell price however, some don't understand this or maybe they are greedy.

That's why it's important to understand everything related to trading because in trading we don't just buy and sell coins but how we set strategies, manage risk and much more,
greed can make us lose money and many newbie traders do not know about it,
the importance of learning before entering into crypto trading

Adbitco

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Quote from: LUCKMCFLY on March 05, 2022, 08:28:33 PM

It is that the Altcoin can be sold, many traders show that when they buy an altcoin with a profit of 30 or 40% they are satisfied, of course if the currency continues to grow, it is another case, it is up to the discretion of each person if He continues to keep it in Hodl mode, now well, I have many friends who, when they see that their currency reaches 20%, leave, and it is not seen as an error, it is something that they have already managed, they usually have the sell orders ready in the exchanges so that they run on their own, so it's not bad to sell, because everything depends on the plan.

You know most time seeing yourself run at a lose of 40 to 60% of your asset worth dollars worth to be panicking by a novice or an amateur. Though i devised a means to manager the current situation and it really helped me alot, now setting a trade in the exchanger all depends whether he or she is holding their asset on exchange (CEX) for him to easily set trade ready to trigger and at this point none have nothing to lose.

carlfebz2

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Quote from: LUCKMCFLY on March 05, 2022, 08:28:33 PM

It is that the Altcoin can be sold, many traders show that when they buy an altcoin with a profit of 30 or 40% they are satisfied, of course if the currency continues to grow, it is another case, it is up to the discretion of each person if He continues to keep it in Hodl mode, now well, I have many friends who, when they see that their currency reaches 20%, leave, and it is not seen as an error, it is something that they have already managed, they usually have the sell orders ready in the exchanges so that they run on their own, so it's not bad to sell, because everything depends on the plan.

Very correct. Some Altcoins are not for the long HODL and you should always have a sell target when you buy some ALts that you are not planning to hodl for long that's why some trader have their gain target and set their sell price however, some don't understand this or maybe they are greedy.

Since this market couldnt really give out any assurances then you would really be having those kind of doubts whether you do sell on a particular point or would hold even further because we arent that blind to see

those people who do become millionaires on just by simply holding but of course it would really be mixing out some sort of luck when it comes to crypto investment because not all projects would really be that having that kind of potential which could raise up its value into those high multipliers which means it would really be still a gamble because majority of projects do plummet their value afterwards which means that you had
missed out those opportunity to earn big.

Yacht_X_Coin

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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

Cryptocurrency industry is actively developing and new projects appear every day.
Some of the projects are useful and very prospective.
It will be possible to earn money on such projects. That is why cryptocurrency attracts a lot of people.

Cryptocurrency continue to be very unpredictable.
But cryptocurrency gives people many different opportunities and many people understand how useful is cryptocurrency.

AzamNurWahid

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Market conditions are sometimes difficult to predict. but one thing we need to do now, is to wait for the right moment to sell the coins we have, no matter how long it takes to get to the price we want. because if we sell at the current price, we will definitely experience a loss

Yacht_X_Coin

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Quote from: ?? on ??

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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

Cryptocurrency industry is actively developing and new projects appear every day.
Some of the projects are useful and very prospective.
It will be possible to earn money on such projects. That is why cryptocurrency attracts a lot of people.

There are a lot of good crytpocurrency projects. But among cryptocurrency projects there are a lot of scams too.
That is why it is important to check everything before investing not to invest money in scams.
Scams usually offer a better investment conditions and high profit.

LUCKMCFLY

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It is that the Altcoin can be sold, many traders show that when they buy an altcoin with a profit of 30 or 40% they are satisfied, of course if the currency continues to grow, it is another case, it is up to the discretion of each person if He continues to keep it in Hodl mode, now well, I have many friends who, when they see that their currency reaches 20%, leave, and it is not seen as an error, it is something that they have already managed, they usually have the sell orders ready in the exchanges so that they run on their own, so it's not bad to sell, because everything depends on the plan.

juanda

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cro.baby

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.

I think if you have sold it some time ago then I am sure that you will regret it now and later. because it is getting better and better for the current growth of altcoins. and my advice do not make decisions quickly because it can harm yourself. because currently market conditions are moving better although not all altcoins. but believe me everything will improve again in the future.

Kelvinid

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Quote from: ?? on ??

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

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.

Currently i will say Bitcoin is at a constant Flux, saying Bitcoin you don't know if bitcoin is in bear market or bullish market, i will say you are partially right because bitcoin fluctuations is not determine for values, i observe that some people during this time they are not sure of the the speculation of cryptocurrency that is why some people panic during the time of bearish market

That is why we need to be more versatile as the market moves in a very unpredictable direction. But if we respond with emotions, that surely makes us panic and can make decisions wrong. That is why we should be calm always and keep control of our emotions as this is the only way to help us otherwise we got to fall into panic selling every time we saw the market decline.

Sanitough

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Quote from: retreat on March 04, 2022, 02:40:45 PM

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.

if you are still experiencing losses then never sell the assets you have, hold your assets until the market is bullish again. not only you who experienced a drastic decline in the value of your deposit assets, I also experienced that but I never intended to sell them, instead I bought more during a bear market because I believe in the future the market will be bullish again and I will make gain.

No one should sell in times of a bear market. The best time to sell is when we see prices are in peaks. Maybe you could be more patient in hodling of your altcoins because some of them will really have the chance to grow their value once a new ATH is reached. For now, focus more on buying bitcoin as well as potential altcoins because prices have dropped again which are giving us another opportunity to buy while their prices are now cheap.

retreat

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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.

if you are still experiencing losses then never sell the assets you have, hold your assets until the market is bullish again. not only you who experienced a drastic decline in the value of your deposit assets, I also experienced that but I never intended to sell them, instead I bought more during a bear market because I believe in the future the market will be bullish again and I will make gain.

Fredomago

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Quote from: Questat on March 04, 2022, 07:22:26 AM

Quote from: gurunanakji777 on March 04, 2022, 07:13:18 AM

Neither Bear nor Bull the market is moving sideways or we can say correction phase. The market is quite messy and honestly speaking it is hard to decide where the market will move in the coming days. Most of the holders are running in loss if they sell off at the current price. Altcoins are more bleeding than BTC. I would say keep your coins as it is that would be the best option in the current market.

Just trust the process, the market is now bearish because it has to correct, and the more it will stay stable, the better because it could be the end of correction, and sooner we will see a bull run again. If you are tempted to sell that is not on your plan, then you made the wrong decision because most likely you just panic.

True, if you have been move because of fear, that's not healthy in this kind of investment where sways and heavy fluctuations really hurting the butt of weak holders, the current market is not for those who don't have concrete plans before they enter this market. You will only see yourself losing money each time the market is not favoring your position.

It's important to conduct research and not just blindly follow your emotions, but to be more on realistic targets. Tongue

Natalim

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Quote from: Oasisman on March 04, 2022, 07:11:50 AM

Quote from: Adbitco on March 04, 2022, 06:46:53 AM

Quote from: Shasha80 on March 02, 2022, 06:22:41 PM

~snip~

Most at time it is very hard to endure the situation out there, seeing that your asset is going down day by day without increased or multiplications so as a holder you will be threaten to sell to secure your funds but what i did you was to trade with it and have little increase on the volume of my asset.

That's quite inevitable, I mean who doesn't worry when your portfolio is down 60%. This is the reason why you need to have your due diligence before putting your money into something.
The worst thing to do during correction is selling to cut further losses even if it means you're not actually profiting from it.
It is very important to research those coins you have invested If it has a potential recovery or not. Look at the historical data, charts, and fundamentals.
You have mentioned most of your coins is composed with BTC and BNB. Well, that means you don't need nothing to worry, don't sell it otherwise you'll regret.

He got too emotional upon seeing his portfolio turn down as he expect a profit, not this loss. I was into such feelings before but to know what, we just end up blaming ourselves and in regrets. If we decide to sell, it means that we are aware of what really happens after. Selling during corrections is not a good option to take but yeah, we sometimes do it for some reason and one is to save from losing more. But, if we believe that our invested coins will grow, holding is what we are supposed to do and this becomes a common mistake by many. They mostly decide base of their emotions.

Topic: I was tempted to sell off altcoin - page 3. (Read 1204 times)