Long Term Investors Doomed - page 7.

Jombitt

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Quote from: se150401317 on November 02, 2017, 05:15:42 AM

Bitcoin value is going high every minute, and its gonna keep going up too. So all the people who invested their bitcoin in alts for long term are doomed now.
I don't think they will be able to recover their investments.
Are you one of those people too? What are your thoughts?

it depends on the coin that they are holding. Coins like OMISEGO will comeback its price again anytime soon after this bitcoin hype phenomena or after the last fork. And being a long time investor is not doomed yet with this kind of hype. Thats really something normal because there are times that there is a red days to be experience.

Smoothmazi

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Doomed you say Roll Eyes

. Bitcoin is having a bullrun due to the forks and clone of the coin in 2017 does not make alt investors doomed. Note that alts will still have their green days Grin

. Maybe what you meant to say was that those long term investors that have their money in shitty coins without products are doomed Cool

.

ukboss

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No it is never Domed to long term investment. if someone want to invest with his lazy money it is a best tram to long term invest but which coin you want to invest ? Still now some altcoin have best investment and you can buy bitcoin for your long term investment. We already buy so many bitcoin and it is now hit $7000 .

coingrow

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You got it wrong. Long term investors are the only ones who are still going to be in profit when the storm settles. Its the short term players who would panic and sell their holdings. Remember that if you don't sell now, the loss is only on paper and not real till you actually sell!

neurotypical

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I tried to warn people several times, to not put their coins into shitcoins. They asked me to rate their portfolio, I told them the honest truth: "what you are holding is 99% scams, just stay on bitcoin, unless you want to gamble, if you want to gamble, then don't hold alts for too long". They wouldn't listen, they would call me a "bitcoin maximalist" (what a stupid term to use).

Well now you are reaping the benefits of spreading your BTC across a ton of different nonsense alts.

Nonakryse

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It really sucks what is happening to Altcoins right now, but it shows you and teaches you a very important lesson. It's called hedging. Whenever you invest in something you have to make sure that you are adequately hedged, which means you should buy things, that move in contrast to your main investment. For example, when stocks go down, Gold is going usually up, and vice versa. Gold is acting as hedge therefore and kinda balances out your losses. The same is with Bitcoin, you should have a portion of your funds invested in Bitcoin, because it's hedging you in case it increases or decreases in value. As you might have noticed, when BTC is up, altcoins are down and vice versa, it makes sense therefore to be invested not only in Altcoins but in BTC itself in order to reduce the effects of a potential downfall that you are experiencing right now.

followmenot

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Streamity Decentralized cryptocurrency exchange

I can county myself one of these people. I was planning to share my folio between bitcoin, ethereum and lot more different altcoins. Then I saw alts going to get rekt. I would say I was half lucky, half unlucky. I saw upcoming crash like 2 days ago or something. But I didn't expect it happen this soon. So I could exchange some of my alts with ether and bitcoin. But not all.
I basically watched my altcoin wallets burning to cents Cheesy

Poink

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Quote from: se150401317 on November 02, 2017, 05:15:42 AM

Bitcoin value is going high every minute, and its gonna keep going up too. So all the people who invested their bitcoin in alts for long term are doomed now.
I don't think they will be able to recover their investments.
Are you one of those people too? What are your thoughts?

I think this is a very ignorant summation of the cryptocurrency as a whole.

BTC is gaining and I am happy for those who are invested on it. Review this post a few months in 2018 and tell me again alts are doomed. If the trend continues, I will apologize and acknowledge your "wisdom".

chaosfourever

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We are so young in crypto anything can happen. This is just another Bitcoin craze and alts will rise again. Plus I try to stick with alts I know will rise any ways. Give it patience and keep holding. You only lose if you sell.

tokeweed

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Quote from: se150401317 on November 02, 2017, 05:15:42 AM

Bitcoin value is going high every minute, and its gonna keep going up too. So all the people who invested their bitcoin in alts for long term are doomed now.
I don't think they will be able to recover their investments.
Are you one of those people too? What are your thoughts?

I don't think 'not be able to recover their investments' is true. I mean let's be logical here, market trends always come and go. And right now, it's all about Bitcoin. But it won't stay that way forever. Sooner or later some altcoins will start rising again.

I'm actually holding some XMR and LTC in cold storage.

hua_hui

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Quote from: Nefarious on November 02, 2017, 09:18:43 AM

It pays to be patient. I'm holding some heavy alt bags but they'll come good eventually.

That is a great mindset. However, it is always good to have a balance portfolio. My style is to have 50% in bitcoin while 20% in eth and 20% in alt coin with great fundamental and last 10% maybe as reserve in eth or in ico.

Nefarious

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It pays to be patient. I'm holding some heavy alt bags but they'll come good eventually.

hua_hui

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Quote from: se150401317 on November 02, 2017, 05:15:42 AM

Bitcoin value is going high every minute, and its gonna keep going up too. So all the people who invested their bitcoin in alts for long term are doomed now.
I don't think they will be able to recover their investments.
Are you one of those people too? What are your thoughts?

Temporary losing in the amount of bitcoin does not meant that you are doom. For example, my friend who has invest in 24k of neo manage to hold all the way from ico to 12$. He has lost ton of eth and bitcoin values for years but it turn out to be one of the best bet he has. Dont forget he still have 1.2k gas.

krypt0n1

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Bitcoin won't stay parabolic and you can always count on people's greed for alt coins to go up/recover. Once bitcoin gains aren't "good enough" people will want to leverage alt coins once again to have larger gains.

t3hpwnographer

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This feels a lot like the last hard fork... BTC pumps up as everyone tries to hold as much as possible to maximize their fork payout, then after the snapshot they'll start buying altcoins again. No need for all this doom and gloom

Oilacris

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Quote from: se150401317 on November 02, 2017, 05:15:42 AM

Bitcoin value is going high every minute, and its gonna keep going up too. So all the people who invested their bitcoin in alts for long term are doomed now.
I don't think they will be able to recover their investments.
Are you one of those people too? What are your thoughts?

Doomed? I dont think so because alts will recover soon once those people who are accumulating bitcoin as of now would able to get their free btc2x and they would tend to convert to altcoin again.Its not really surprising for alts to go red specially on this fork events which we did actually witness on last 2 previous forks.The same situation is happening as of now.

pratik009

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May be you don't know the history of the bitcoin.bitcoin has very large history and since nine years the btc price increasing day by day.before 9 years the people can buy only two pizza.but nowdays the btc crossed upto ₹500000/- INR.so it is very profitable for me and other peeopls.i also suggests you to invest in btc.beacause till the 2022 btc will be crossed upto ₹1000000/-INR. Wink

mahessapap

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I agree with you but not all altcoin like that. I nvesting in an altcoin and it is true that the price doomed , but altcoins whose different concepts may be stable (though down but not too much). But it seems to be a risk for now let's wait

defc0de

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You may be new to crypto to be able to say that. Market distribution phase is natural after thousand percent gain a few months ago for alts. BTC has a direct correlation with the drop though that's why it has lowered more than the support line. But it will all change once the buying frenzy for BTC levels out and stability comes in. People will surely change to quality alts and a new bull run will be on its way.

New tech presented by alts that have been developed recently can also be a good pick post-fork. Coins like DeepOnion - lower rank and marketcap has so much room to grow after all this fork drama of bitcoin. Hopefully you can pickup some from cryptopia and joni the airdrop as the coin's fetures and community support is just too staggering to miss out.

rodalutor

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Quote from: se150401317 on November 02, 2017, 05:15:42 AM

Bitcoin value is going high every minute, and its gonna keep going up too. So all the people who invested their bitcoin in alts for long term are doomed now.
I don't think they will be able to recover their investments.
Are you one of those people too? What are your thoughts?

I hold some alts and I am fairly optimistic that they will recover, cryptos like everything goes through cycles and right now seems to be bitcoins turn, next month or some other time in the future it will surely be altcoins turn.

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