It’s taking a lot of discipline not to sell my alts for Bitcoin. - page 3.

stomachgrowls

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Quote from: DrBitcoin on July 23, 2019, 06:35:12 AM

I’m 80% bitcoin, 20% alts. Most of those 20% alts were bought with bitcoin when I “thought” the Satoshi level was low. Little did I know it would go A LOT lower. That 20% is Litecoin, Ethereum, Cardano and Ripple.

Since I’ve seen their Satoshi prices cut in half...every day I think I should cut my losses.

But then I look at the charts and, especially Cardano, I’m not sure how much lower it can go. Then again...who knows. It could go much further down from here.

Your choice! but since its only 20% of your entire portfolio belong to alts then it doesnt matter if those would dump down.It wont give out big effect into your

entire investment funds.It might lose all the way but thats only 20% you do still have 80% left.Its up to you though yet its your money after all.

wattcrypto

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That is super tempting to sell them for BTC. I've actually had that thought too. I go back and forth on which alts are going to be useful and succeed once some of the enterprise level coins start to roll out.

klaaas

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Quote from: knuckey on July 24, 2019, 05:47:51 AM

indeed the value of your portfolio continues to decrease, but your assets will never be lost, so don't do cut loss.

If you believe in the project for the aspects of it the drops in price are like discounts where you will buy more to grow your stack. If you are only in for the btc/fiat profits you need to cut loses somewhere and to avoid situations like the op has put them inn on the moment of buying.

Darker45

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Quote from: DrBitcoin on July 23, 2019, 06:35:12 AM

I’m 80% bitcoin, 20% alts. Most of those 20% alts were bought with bitcoin when I “thought” the Satoshi level was low. Little did I know it would go A LOT lower. That 20% is Litecoin, Ethereum, Cardano and Ripple.

Since I’ve seen their Satoshi prices cut in half...every day I think I should cut my losses.

But then I look at the charts and, especially Cardano, I’m not sure how much lower it can go. Then again...who knows. It could go much further down from here.

I can see nothing wrong with the composition of your portfolio. That is even much better than mine. I have almost a 50:50 Bitcoin and altcoins ratio. Moreover, your altcoins portfolio is comprised of a few of the best altcoins. That is definitely a lot better than mine, which includes a few more shitcoins. If you just hold on to it and keep your patience, that portfolio is gonna make you a bigger wealth.

bering

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You were having only 20% from your total investment value and if someday you lost i think 80% bitcoin can replace it and most of your altcoins portfolio were popular altcoins especially Eth that saving this altcoins is good for your crypto asset and regarding the price it will always be fluctuating following the market movement but as long as you don't panic when downtrend happened i think it will avoid you to loss

ðºÞæ

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Of the 20 coins, three (LTC, BTC, BSV) are above market average and four (XRP, NXT, XLM, PPC) are in bear market in 2019.
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1BTC EQUALS 1CAR

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Quote from: DrBitcoin on July 23, 2019, 06:35:12 AM

I’m 80% bitcoin, 20% alts. Most of those 20% alts were bought with bitcoin when I “thought” the Satoshi level was low. Little did I know it would go A LOT lower. That 20% is Litecoin, Ethereum, Cardano and Ripple.

Since I’ve seen their Satoshi prices cut in half...every day I think I should cut my losses.

But then I look at the charts and, especially Cardano, I’m not sure how much lower it can go. Then again...who knows. It could go much further down from here.

I don't believe that it is the discipline you are applying but it is the fact that you are now very emotional attached with those coins beacuse you have so much faith in it and you have held for a very long time. I have had the same experience but I finally sold it and let it go. But it's just 20% of your port which is a good news because it is the perfect balance.

futureofeth

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Quote from: Google+ on July 24, 2019, 12:02:59 PM

when you want to sell the altcoins that you have for bitcoin I suggest you to continue to wait until you can get very much profit from altcoin because from altcoin you can double as many bitcoin assets as you want. do not let you be influenced to sell at cheap prices.

Some people can't wait because of due to panic when the altcoin prices are going down, if you convert them to Bitcoin you will get very less amount. So every time it is impossible for altcoins to increase their prices, so we need to wait until the altcoin prices start increasing. In this way, you will make more BTC.

arpon11

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Quote from: DrBitcoin on July 23, 2019, 06:35:12 AM

I’m 80% bitcoin, 20% alts. Most of those 20% alts were bought with bitcoin when I “thought” the Satoshi level was low. Little did I know it would go A LOT lower. That 20% is Litecoin, Ethereum, Cardano and Ripple.

Since I’ve seen their Satoshi prices cut in half...every day I think I should cut my losses.

But then I look at the charts and, especially Cardano, I’m not sure how much lower it can go. Then again...who knows. It could go much further down from here.

I don’t think it is only you that is having that impulse not to sell your altcoins for bitcoin because some of the Altoonas are not doing well now. However, some bitcoin holders are also under extremely pressure to sell for usd or fiat as the market go below $10,000. One of the greatest tools I have see in this market is patience and be disciplined enough not to sell at loses. I have made up my mind to sell whenever my holding are in profits and never to sell when there are in loses.

tenakha

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Quote from: DrBitcoin on July 23, 2019, 06:35:12 AM

I’m 80% bitcoin, 20% alts. Most of those 20% alts were bought with bitcoin when I “thought” the Satoshi level was low. Little did I know it would go A LOT lower. That 20% is Litecoin, Ethereum, Cardano and Ripple.

Since I’ve seen their Satoshi prices cut in half...every day I think I should cut my losses.

But then I look at the charts and, especially Cardano, I’m not sure how much lower it can go. Then again...who knows. It could go much further down from here.

The number 1 rule is holding as much as Bitcoin and that's why I trade my altcoins for Bitcoin. Altcoins will not let the Bitcoin to leave the $10000 without the big whipsaw on the charts and it is impossible to see a Bitcoin dominance level over 90% in my opinion. Keep that in mind: Stacking BTC is the first intention in this market.

Duzter

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Large volume of funds have got moved from altcoins towards bitcoin. This is the reason for the recent large scale price pumping of bitcoin leaving the altcoins down. The same made the market dominance grow beyond 66% which too is a strong point for growth. Op has maintained a good portfolio with majority holdings of bitcoin and small percentage on altcoins. This could have never affected his portfolio value, the blow is to the people who hold altcoins in large volume than bitcoin. Hope there'll be recovery at the shortest.

Jating

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Quote from: DrBitcoin on July 23, 2019, 06:35:12 AM

I’m 80% bitcoin, 20% alts. Most of those 20% alts were bought with bitcoin when I “thought” the Satoshi level was low. Little did I know it would go A LOT lower. That 20% is Litecoin, Ethereum, Cardano and Ripple.

Since I’ve seen their Satoshi prices cut in half...every day I think I should cut my losses.

That is solid altcoins you got their dude, Although they are like 60%-80% from their previous highs, it is still good to just hold on them long term and just wait for another bull run 2020-2021.

Quote from: DrBitcoin on July 23, 2019, 06:35:12 AM

But then I look at the charts and, especially Cardano, I’m not sure how much lower it can go. Then again...who knows. It could go much further down from here.

ETH lost almost 90%, then expect Cardano to even go lower than that. The thing is, ETH has regained after it went as low as $80, so a imminent bounce will happen, just stay cool and relax.

bellaayu

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In 2018 I held Bitcoin and some altcoins including Ethereum and Litecoin. Many of the coins that I sell for cutting losses and too long hold the coins very risky. But if you know that now the price of Bitcoin and Altcoin has climbed. Of course, I regretted selling too fast.

South Park

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Quote from: DrBitcoin on July 23, 2019, 06:35:12 AM

I’m 80% bitcoin, 20% alts. Most of those 20% alts were bought with bitcoin when I “thought” the Satoshi level was low. Little did I know it would go A LOT lower. That 20% is Litecoin, Ethereum, Cardano and Ripple.

Since I’ve seen their Satoshi prices cut in half...every day I think I should cut my losses.

But then I look at the charts and, especially Cardano, I’m not sure how much lower it can go. Then again...who knows. It could go much further down from here.

Fortunately for you most of your investment is in bitcoin so your losses cannot be all that big, however the moment to cut your losses was weeks or even months ago, right now it will be a mistake to sell when the price of altcoins is close to the bottom, if you can it could be a good idea to average your losses, this strategy can be effective for you because you invested in good coins that will recover if you give them enough time, so keep holding your coins and wait until their prices get better since that is the only thing you can do at the moment.

cunguks

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Quote from: Godday on July 24, 2019, 12:07:39 PM

Quote from: Google+ on July 24, 2019, 12:02:59 PM

when you want to sell the altcoins that you have for bitcoin I suggest you to continue to wait until you can get very much profit from altcoin because from altcoin you can double as many bitcoin assets as you want. do not let you be influenced to sell at cheap prices.

we must prevent this emotion because sometimes a person's condition can change due to their inability to control when there is a rapid decline or increase. we are in a hurry to sell it

but that is natural, even I often experience it. the most important thing is the advantage that was clear to me. expecting more sometimes makes us lose because the market does not reach our expectations.

SirLancelot

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Quote from: DrBitcoin on July 23, 2019, 06:35:12 AM

I’m 80% bitcoin, 20% alts. Most of those 20% alts were bought with bitcoin when I “thought” the Satoshi level was low. Little did I know it would go A LOT lower. That 20% is Litecoin, Ethereum, Cardano and Ripple.

Since I’ve seen their Satoshi prices cut in half...every day I think I should cut my losses.

But then I look at the charts and, especially Cardano, I’m not sure how much lower it can go. Then again...who knows. It could go much further down from here.

There is absolutely no point selling at this point again, you already said it that most of them has gone lower than you think and I think that is the lowest they can go for now, I am also in the same shoe as yourself, you have been patient all along, just don’t make any drastic decision that will make you regret again, one thing I have realized about cryptocurrency is this, at the point you make that decision is when you see that the things change and goes against your way.

Altcoins moment will soon be here, and if you change to bitcoin now and bitcoin remains stable, by time altcoins suddenly start to increase, before you get the chance to change back to altcoins, the prices would have already gone high, which means that you will be buying at an expensive rate again, so better you just leave them as they are, except you are doubting their existence again.

Godday

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Quote from: Google+ on July 24, 2019, 12:02:59 PM

when you want to sell the altcoins that you have for bitcoin I suggest you to continue to wait until you can get very much profit from altcoin because from altcoin you can double as many bitcoin assets as you want. do not let you be influenced to sell at cheap prices.

we must prevent this emotion because sometimes a person's condition can change due to their inability to control when there is a rapid decline or increase. we are in a hurry to sell it

Freny250

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I will advice you to hodl. Your portfolio has etherum, litecoin, cardano, ripple. These are not any low project coin. They have real usecase and so they will surely rise again

Google+

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when you want to sell the altcoins that you have for bitcoin I suggest you to continue to wait until you can get very much profit from altcoin because from altcoin you can double as many bitcoin assets as you want. do not let you be influenced to sell at cheap prices.

Bezobraznike

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Quote from: [email protected] on July 24, 2019, 10:17:15 AM

all depends on our trust in the assets we have. if you are an investor, you will certainly think for the long term. but if you are a trader, maybe you have to choose which assets will benefit you faster. I think the principle is like that.

Only thing that holds me from selling my alts is thinking about long-term. I believe that some alt-coins will have a great future, that`s why I hold them in this hard times.
It`s all it counts I think, who will survive hard times and how you are handling with that pressure.
Trading is so different from investing and holding. Holders are playing on long-term benefits, with small risks, you can sell in some moment and cut your loses. Traders are
short-term gainers, it can be very profitable I know, but in the same time it`s very risky.

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