Topic: It’s taking a lot of discipline not to sell my alts for Bitcoin. - page 4. (Read 944 times)

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.

We never know which cryptocurrencies who will meet an increase price even the increasing price is drastically, because if we know that I believe we will be an investor who have a lot of wealth. We only know from the developer who make an update to the coin/token but it is not a certainty that the coin / token will experience a price increase.

However, I agree with someone above me who say at least you didn't choose shitcoin for your investment. You will always have a hope that your money will be add in the future if you choose ETH for an instance. But I won't feel regret when I sold my altcoin and move to bitcoin because I have a high confident that bitcoin will have a high price in the future, because I see some reason who will make bitcoin have a high price with one note I must have a high patience.

Well, you had it good in this case. Having 80% in BTC turned out to be an excellent scenario.
You will never have it 100% so instead of thinking at thos 20% losses you should focus that you protected your portfolio very good giving the conditions of the market.

of course because now is the time we hold our coins tightly like altcoin or bitcoin if we want to get a big profit. because in the coming year all coins will surely experience high price increases and the price of coins will also be expensive

It is better to hold your altcoins than selling it at loss i think. As their time might come one day. If you sell, the altcoins can only go lower each time you do it as bots and people want you to sell at the lowest price.

indeed the value of your portfolio continues to decrease, but your assets will never be lost, so don't do cut loss. be patient, because not as long as the market goes down, when the market is bullish later your portfolio will be green and you will profit from the alts you hold.

remember, there are many people who hold alts like you, so don't hesitate with old alts 

Alt FOMO has been really subdue, i am not sure how many how of us are still holding the hope. HODL strategy seem outdated now. But i felt some are still working hard, but 99% of altcoin will fade away.

For you to get a positive result you need to diversify your cash,own bitcoin and good altcoins so you won't misses out if any did better than the rest

Same thing happened to me but in 2017 and a little bit last year. I bought a few POS alts back in 2017 thinking wow new lows for satoshi. Even did worse than LTC and ETH!

And then in 2018 I bought ETH at around $400, with BTC.

Sad stories about selling btc for alts;)

"Don't put all your eggs in one basket" as many people says and I guess you have done with it. I agree bitcoin is the one of promising place in cryptocurrency for our investment but you don't have any mistake to leaving a little amount of your capital to invested on altcoins who have a potential. I'll agree if ETH, Litecoin and ADA are the right place when we choose an investment in altcoin.

However, in all investment place not only a portfolio that will give you a profit from the money that you spend but you have to aware of your foresight when you read the situation, a patience and also your emotional when seeing the market. You have to know when you make a decision to sell or make a decision to buy or even the strategy such as long term investment and short term investment you must obey before deciding to make a purchase.

That’s a good coin to hold for long term and no need to panic because the price can go high as much again, I’m a little doubt with Ripple but of course its your coin and its your decision. Good also that you hold more bitcoin that altcoins, it can cover all your losses with your altcoins especially when bitcoin goes high. No one knows mate, just keep holding and wait for the right time.

You are not alone, many of us bought alts knowing that they have been at the bottom. But I choose not to cut losses, since it has been that much I'm just accepting the fact at the moment that I don't want to lose that much and keeps on believing that these coins that I bought shall recover soon. It's okay on your part because it's just 20% altcoins and you still have a bunch of portion for bitcoin.

You already on the right descisioun, you should not cut your lose on your Altcoin.

Why? because you already holdling bitcoin with more than 50%, the rules of management crypto always have bitcoin atleast 50%. Just for in case went the market on bullish you can get the profit first at bitcoin movement after that the altcoin will follow.

The market moves in cycles. It's funny to see how everyone here is so freaking scared, when in fact the altcoin season is right around the corner.

It's simple:
HIGH BTC dominance = Diverify into ALTS
LOW BTC dominance = Move your shit to BTC for the correction.

It happens every single time, and right now, most alts are oversold. Catching the bottom of the alt market is close to impossible, but there is no doubt that we are getting close.

What happens now, is that only the STRONGEST alts survives. Which means, coins wont pump on speculation that we saw in 2017, but rather on what is delivered.
Personally keeping my eyes on Stakenet (XSN) who have delivered tons of stuff already, but yet never really saw any pumps (That's a good sign, since they launched in the middle of the bear market).

Quick rundown:

3rd project to implement lightning transactions on mainnet right after BTC/LTC
First POS/MN project to integrate Segwit, atomic swaps, and lightning on mainnet.
Invented Cold Staking (Trustless Proof Of Stake)
They made a pool staking service for people with small holdings of XSN, PIVX, and Stratis
Masternode As A Service - quick trustless masternode setup for newbies.
Masternode Monitoring service - Emails you if one of your nodes goes down, love it

Multi Currency Lightning Wallet with 1 click lightning swaps, and TOR integration for privacy is in public beta testing
Lightning DEX coming later this year.

And much much more. Check their roadmap.

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What I'm trying to say... Don't invest in useless junk coins who promise the world everything, yet fails to deliver over and over. Tons of projects was launched with an ICO, and reckless spending of that money have turned a lot of these projects bankrupt with the recent bear market.
Be careful, and don't go all in on any project out there.

Altcoins you were mentioned that it is not useless are shit coins so you don't have to worry about the price trap from now in the future you will be having profit it is the adoption of cryptocurrencies increases so just keep on holding and the 80 percentage of Bitcoin holding in your portfolio will help to recover your loss if few altcoins failed to to recover.

What you do is right and holding Bitcoin and Altcoin is actually a good strategy. It's just that you need time to make a profit. But if you feel that every day you experience a disadvantage, a good step is to sell it. But you have to remember, the altcoin that you have is an altcoin that has potential.

Determine the choice, which coin you need to sell and keep. seeing market developments is very important to know where we will decide to buy, which aims to avoid losses.and know a coins that have good prospects.

Ha, I have been holding some assets since 2017. Many of them are almost trash. And there were big pumps when there was a listing on a large exchange, such as Binans. At that time it was possible to sell with a very good profit.
Now I know what to hold pending the development of the project is wrong. For investment, as well as for trading, you need a trading system. Otherwise discipline to hold will cause loss .

I rather hold my bitcoin compared to altcoins, no matter what happens in the market you can ignore it and keep on holding. If you are holding that both altcoins and bitcoin I am sure, it will surpass soon its previous highs by a large margin because only enthusiasts use bitcoin today. Nevertheless, I usually sell my altcoins into bitcoin but in the right timing when bitcoin down there's instances altcoin will pump and that's the time I divert into bitcoin.

At least you're not holding shitcoins and worthless tokens, instead, you have solid altcoin portfolio with cryptos that will definitely go up in value once the market recovers + altcoin season begins. Don't be a panic seller, last thing you want to do is dump your coins only to see them skyrocket within a month.

This is simply a cycle, it'll be over sooner or later, then the next one (hopefully, with green numbers in the charts) will arrive and you'll be able to increase your btc stash