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Topic: Sell your altcoins and tokens TODAY, save yourself the frustration - page 11. (Read 5487 times)

sr. member
Activity: 1148
Merit: 251
You know how this is going to end. You might be trying to lie to yourself, you might be secretly hoping that some token in your "portfolio" that you have 10 million of is going to moon to $50 and make you rich, but let's be real: that is not going to happen. Even the allegedly strong altcoins like LTC or ETH or whatever is cool these days (I've been out of this game for a while) are not doing well and BTC dominance is growing. Which makes sense if you think about it. BTC can do most of what any altcoin can do and the few really useful features that BTC is missing (private transactions for example) are implemented by multiple altcoins, fragmenting their market share.

And the elephant in the room: 99% of altcoins are total garbage. They're called shitcoins for a reason.

Sell your altcoins and tokens. Take the proceeds in BTC, stick it into a cold wallet, keep some online to play around with Lightning and other things that actually matter for real-life stuff, like being able to buy something. When was the last time you were able to use for example Ethereum for something tangible, not to buy some garbage tokens or to play a game?

Do it today. Your grandkids will thank you.
No one can't tell what will happen in the future of every token we have even btc that we hodl, don't be so panic and frustrate to every news or any thing can cause of panic selling. The better we do is be more observer in the market manage well our assets and don't be so panic. It's up to every person if they need sell all and buy btc as you can see the price fluctuation, think many times before do any step.
member
Activity: 798
Merit: 14
My take on this matter is it won't end as badly as most persons thought it would. Cryptocurrency will make a come back stronger in price which might take time lessons of proper investment should be learnt from this market cycle.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
Warning: its never a loss until you pull your money out, even if your coin once worth hundreds of dollars and they now worth ten dollars the ball is in your court, you should sell only if the project is a bad one or the development has worsen, altcoin season will return do not be in haste
But this assumes that at some point in the future the price of your coins will recover and there is no way to be completely sure about it, if you bought some of the best coins in the market you may have a point, but if you bought some altcoins no one has ever heard about most likely you should try to recover whatever you can out of those coins before they go permanently to zero, remember holding is a great strategy but only if you apply it to coins that are worth it otherwise it can backfire spectacularly.
jr. member
Activity: 546
Merit: 3
Well. Some of this tokens that you are talking about might end up surprising you. I think the best thing we should all do is to keep tabs on all this tokens we are holding because when you check their telegram group and their social media pages, you will have an idea if all hope is lost or there is still light at the end of tunnel. And don't be greedy.
full member
Activity: 399
Merit: 100
Literally you can't confirm that Bitcoin dominance will last long. We are starting to believe which coin has bullrun. By the time January 2018 Cardano was 4-5 coin but today out of 10. After more update Cardano will come back. You should support bear time of coin, yes I'm talking about good volume coin.
hero member
Activity: 2212
Merit: 805
Top Crypto Casino
Weak people will indeed fall for your post and do as they are been told, lol i don't know if i should thank you or not, we need strong altcoin holders,not those who keep complaining every day about the price of altcoins, if you want to get rich overnight crypto is not for you

Lol. I like your response. Just because Altcoins aren't as profitable as they were in late 2017 doesn't mean they are worth. From what I know, most people have made some good amount of money this year from altcoins. I'm the kind of person who doesn't like leaving money on the table. So I like to have a piece of both worlds. Bitcoin is good but getting hands on some quality alts, that's a PLUS.



K4C
full member
Activity: 448
Merit: 103
$CYBERCASH METAVERSE
The first line piqued my interest and the second paragraph held my interesta MD I was nodding along to what I was reading until you mentioned Ethereum... You might be right but I am not a fan of ethereum just for it's price and profit potential, I am an ethereum fan because it gave us what even the almighty bitcoin didn't... Smart Contracts... You have to admit that Smart Contracts has contributed positively to the growth of Cryptocurrencies and when bitcoin price is growing, Ethereum grows along with it as well.
full member
Activity: 891
Merit: 100
Oikos.cash | Decentralized Finance on Tron
Indeed, some altcoin is shitcoin in the end if there is no progress to advance the coin and also left by the developer. This is a mistake for a developer who is not serious about running his project and does not want to advance this business. But I still believe in other altcoins that are quite useful to support our business in crypto, in addition to trading and investing, altcoin can be an alternative as a trade exchange transaction or withdrawal because of its low fees like eth, ltc or doge coin.
there are also a lot of new projects that have chosen a very serious approach to their business and are moving towards their goal. I see many projects that do a lot of things for the cryptocurrency market
copper member
Activity: 2968
Merit: 575
www.Crypto.Games: Multiple coins, multiple games
True that around 99% (maybe the percentage is a little bit exaggerated) of the alt coins are shit coins. But trust me, most of the people know that but they still invest on it. This is because they have seen the market. They have seen how those shitcoins sometimes get pumped to the "moon" and then dies. Most of them just invests on it to take advantage of that pump and tries to get out as soon as possible. It is more like a gambling for them. Most of them fails to take advantage of it and then starts to cry.
member
Activity: 346
Merit: 47
You have a point, but don't you think that maintaining at least a minimally diverse portfolio is a better idea? I mean sure, Bitcoin's dominance is huge, but ultimately we don't know how the markets will fair in the future. I trade BTC and ETH P2P on Vertex, and I'm pretty comfortable with that at the moment. But ultimately, what works for you, works for you.
full member
Activity: 1372
Merit: 137
The advice “Sell it all now” certainly has the right to be. But, even if I sell all my tokens and altcoins now, the amount in the BTC will be negligible. It was necessary to sell then, in 2017-2018. Now it remains only occasionally to observe and look to the future with hope.
You are really right and I am of the same opinion that I will have time to sell all my assets at any time and get a very small amount of money for it.  In any case, I have no other choice than to wait for the improvement of the situation in the cryptocurrency market for those projects in which I am an investor.  In this situation, I can somehow lose everything, and if I have the patience and wait for the corresponding price increase, then perhaps my expectations will be rewarded.
sr. member
Activity: 1148
Merit: 252
If I sell all my alts,  what do I do with my losses?  Remember it's not a loss until you take it, and I can bet alycoin season is just around the corner.  I can feel it.  I'd rather hodl to zero than sell,  if that will ever happen.
fear of confusion and loss of confidence that may be felt by many investors I think that something natural will happen because we know that the market condition is very bad and even many coins that have no value or price in the crypto market are holding back to get opportunities at prices that do not disappoint
sr. member
Activity: 952
Merit: 251
I believe it is true that the majority of tokens on crypto market are trash, but I am still investing in some of them, because BTC dominance would not last forever. Everything has its life cycle and BTC cycle is going to end as well.
You are right even though there are many coins that do not have a good volume in the market but there are still some profitable coins to invest, therefore you must be careful in looking for profits in them, especially for coins that can last a long time so I'm sure there is a lot of trust in them. the most important thing is looking for opportunities for profit when investing, not just putting the funds owned and hoping there are profits in it
I would always suggest newcomers and even the old ones to make bitcoin as their first choice. Only this currency can help them in attaining big money. We all have seen bitcoin produced millionaire. I am not against trying new coins but one must do some good research before taking such risks and the amount invested should also be a small one. Bitcoin is the best investment so far and should be the start of journey for any investor.
sr. member
Activity: 532
Merit: 302
But if talking about simply holding longterm, yeah, btc obviously is the safest bet. However I think you are underestimating how many trade here, even bounty people and shitcoin holders know they'll have to let go of their coins eventually.

Traders are probably smart enough to ignore my thread. If someone reads it and thinks its nonsense that's fine, my goal was to make bag holders think. Just don't tell anyone Wink
jr. member
Activity: 315
Merit: 2
It is very interesting when you see that the altcoin or better still some of the altcoins you have are moving uptrend. For such, I believe selling them is a good decision, but when you have not observed any growth, hold until it comes. Know when to sell and when to hold. This has always helped.
hero member
Activity: 1204
Merit: 509
If we look at your advice, we can already see it was incorrect -- folks shouldn't have sold their alts into btc, they should have sold both alts and btc into fiat. But that's just an example of nobody knowing how this will play out.

And BTC is back to 8600 today. As I said I'm not aiming this at traders - some of them might be able to make money from these ups and downs. Not most bag holders tho. And in the long run you know I'm right. BTC is the the equivalent of DJIA. Alts are the penny stocks. Yeah there will ups and downs and there is a slight chance of BTC stumbling here and there. But it's pretty much guaranteed that most alts will make their bag holders miserable.



If talking about a long term hold -- just stash away the coins and forget about them for a year or two, you'll be right more often than not. At least in my opinion, I'm not an expert either, just guessing like anyone else.

I wonder how many here are not traders though? I'm not talking about day traders, but I'd think many holding alts must realize they need to sell or trade at some point.

But if talking about simply holding longterm, yeah, btc obviously is the safest bet. However I think you are underestimating how many trade here, even bounty people and shitcoin holders know they'll have to let go of their coins eventually.
sr. member
Activity: 532
Merit: 302
If we look at your advice, we can already see it was incorrect -- folks shouldn't have sold their alts into btc, they should have sold both alts and btc into fiat. But that's just an example of nobody knowing how this will play out.

And BTC is back to 8600 today. As I said I'm not aiming this at traders - some of them might be able to make money from these ups and downs. Not most bag holders tho. And in the long run you know I'm right. BTC is the the equivalent of DJIA. Alts are the penny stocks. Yeah there will ups and downs and there is a slight chance of BTC stumbling here and there. But it's pretty much guaranteed that most alts will make their bag holders miserable.

If I sell all my alts,  what do I do with my losses?  Remember it's not a loss until you take it, and I can bet alycoin season is just around the corner.  I can feel it.  I'd rather hodl to zero than sell,  if that will ever happen.

Actually you already lost your money, you're just lying to yourself. You would be better off selling it just for tax reasons if you can write off investment loss.
hero member
Activity: 1204
Merit: 509
If I sell all my alts,  what do I do with my losses?  Remember it's not a loss until you take it, and I can bet alycoin season is just around the corner.  I can feel it.  I'd rather hodl to zero than sell,  if that will ever happen.

For how long you are planning to hold on to your alts? In case some of your alts have lost 90% of their value, are you still going to hold those coins? I am asking this because I have 7 years of experience in cryptocurrency and when some coin losses 90% of its value in a short period the chances are very slim for a recovery. In most cases, the trade volume drops to a bare minimum and gradually the coin will get delisted from the exchanges. If you sell those coins now, then you can save yourselves from complete loss.

Well... it is always a tough decision to book losses. But you need to do that when the requirement arises. Sometimes booking loss can be the most intelligent thing to do while making an investment.

Although I agree that in some cases taking the loss is the right move, I'm not sure it's a situation where we say some of the alts have lost 90% of their value. However we can say pretty much ALL alts have lost 90% of their value. So in that situation, it's not an issue of a specific coin crashing 90% in a short amount of time and then hoping for a rebound. It's an issue of nearly the entire market and if you feel it will recover at all. Odds are some coins will recover, perhaps not to their ATH, but at least better than their current situation. Of course determining if your coin is one of the recoverable ones is the tricky part.

If we are talking about dinky bounty coins or coins in danger of being delisted, yeah, if they just crashed like 90% on top of whatever losses the market has caused to nearly every coin, it might be time to bail. Then again, if it's nearly worthless sometimes it doesn't even matter if you sell or not, especially for bounty coins.

For those in profit, either from trading or other investments, remember losses can be useful during tax time too.

And I'm not recommending folks sell their alts into btc, like the OP suggested -- in fact I argued against that point. Or to be exact, against listening to random folks here who act like experts and stating they know where markets will go. But if anyone decides to sell, remember the tax thing, it's at least somewhat useful. And losses can carry over to future years, so its one way to recoup at least a little bit if you eventually make a profit down the road.
full member
Activity: 891
Merit: 100
Oikos.cash | Decentralized Finance on Tron
it is a principle carried out by some bounty hunters and indeed it shows the truth for the current situation. once the tokens obtained are sold there will be a decrease. it does not happen in all cases, but most of the new altcoin like that. even after the decline will take a long time to increase or restore the initial price. if an investor is late in selling, he has to wait a long time to get their money back.
I observe many new projects over the past half-year and i can't see any single project which has recovered after the fall that occurred after listing on the exchange happens.
member
Activity: 742
Merit: 16
Warning: its never a loss until you pull your money out, even if your coin once worth hundreds of dollars and they now worth ten dollars the ball is in your court, you should sell only if the project is a bad one or the development has worsen, altcoin season will return do not be in haste
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