Sell your altcoins and tokens TODAY, save yourself the frustration - page 7.

InwardContour

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Quote from: GSpgh on October 04, 2019, 12:08:30 PM

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.

I truly believe the reason why altcoins fail most times is because there are too many altcoins promising to solve the same problems or have similar use cases, as can be seen when you mention that features BTC lack are "implemented by multiple altcoins, fragmenting their market share". In as much as I agree with some points you made, I don't really think selling off all altcoin holdings will be the best solution looking at the dwindling market situation and also knowing that a few altcoins have been doing really great with project development.

GSpgh

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Quote from: BTC Future on November 25, 2019, 07:50:12 AM

There are quite a few that have a hope though. These are the ones that have an actual developing team and the people involved are skilled and enjoy their involvement, without only looking for short term gains.
Right now there are established coins that are working and don't give up and people that want to succeed and not only get rich quick after a short pump.

That might be the only somewhat legit reason to hold such coins but I would consider that more like a form of moral support for developers than a gainful investment. Technological innovation is not a guarantee of profit. It needs a lot of other things to be successful including marketing and lots of good old-fashioned luck.

BTC Future

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The fact is that a lot of developers run with the money plus we had a lot of clear scam/ponzie schemes involved.

Prices for altcoins reached incredible heights. Coins that were completely useless managed to reach billion dollar cap valuations and of course started dumping their infinite amount of premined coins.
This created a bad feeling for investors and everyone else involved. Most have already written-off their investments and don't actually hope that shitcoins as PAC, Linda, XP, Sumo or other laughable ones have any hope of ressurecting.

There are quite a few that have a hope though. These are the ones that have an actual developing team and the people involved are skilled and enjoy their involvement, without only looking for short term gains.
Right now there are established coins that are working and don't give up and people that want to succeed and not only get rich quick after a short pump.

GSpgh

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Quote from: ancafe on November 24, 2019, 12:33:57 PM

if you have principles, you will not give the decisions that you have taken in the past. however, I believe prices will recover.

Quote from: mr.robot8 on November 24, 2019, 01:05:46 PM

in fact these salts and downs of the market are very stressful and the dominance of bitcoin grows more and more, the only thing that stops me from selling everything and buying only bitcoins is a thing of principle i don't want to sell any altcoins at a loss, under the purchase price

There are some principles worth paying for, such as justice or freedom, but altcoins...? For example I like apples but I don't call that a principle, I just like apples and I spend money to buy them. I understand some people can like altcoins. That's weird but ok.

mr.robot8

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in fact these salts and downs of the market are very stressful and the dominance of bitcoin grows more and more, the only thing that stops me from selling everything and buying only bitcoins is a thing of principle i don't want to sell any altcoins at a loss, under the purchase price

pant-79

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Activity: 994

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If there is one thing I have learnt about Cryptocurrencies, it's the fact that it's volatile and cannot be predicted even with the best tools.. check for example a few days ago, experts were claiming that we would be seeing a huge bullish movement last week Thursday but just before that Thursday, the news about the China Cryptocurrency exchanges ban came through and the market went into a free fall.

In the midst of this decline in price if almost all coins including Bitcoin, some Altcoin were still mooning like crazy, I know some Altcoins that conducted ICOs in 2018 and up till nowz they are still trading above their ICO price, that is commendable, what I am trying to say is that we shouldn't bunch all of them into the same category just because they are Altcoins.

soramon

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Well as bounty hunter i dont really mind about the price becuase i dont have any coins

. But i agree with your statement to sale altcoins and start investing on btc. Btc is always be a good option. But we dont know what will happen in the future, we should prepare for anything.

ancafe

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Quote from: GSpgh on November 24, 2019, 09:17:46 AM

Quote from: biddicoin on November 24, 2019, 04:42:46 AM

as far i know, there are 2 sentiment in alt. those are bearish and bullish. bullish in altcoin is called altseason
this is bearish market to altcoin. so most of alt including top 10 altcoin would be dump. looks like no hope to rise
it makes many people scared including you and considering to sell all your alt, it is not bad decision. as long as you sell higher than you buy Tongue

No, you should sell it because you can sell it higher now than later. It doesn't matter what the price was when you bought it. Cut your losses. If you don't have a time machine to go back you can't change the price you bought. But you are still in control of when to sell it.

Yes, you need to sell it if you save it for a headache Cheesy

BTW, I will not sell my assets. that also applies to those who sell it now (at a low price). You can't go back in time to cancel the sale today.
if you have principles, you will not give the decisions that you have taken in the past. however, I believe prices will recover.

biddicoin

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Quote from: GSpgh on November 24, 2019, 09:17:46 AM

Quote from: biddicoin on November 24, 2019, 04:42:46 AM

as far i know, there are 2 sentiment in alt. those are bearish and bullish. bullish in altcoin is called altseason
this is bearish market to altcoin. so most of alt including top 10 altcoin would be dump. looks like no hope to rise
it makes many people scared including you and considering to sell all your alt, it is not bad decision. as long as you sell higher than you buy Tongue

No, you should sell it because you can sell it higher now than later. It doesn't matter what the price was when you bought it. Cut your losses. If you don't have a time machine to go back you can't change the price you bought. But you are still in control of when to sell it.

I always have plan to do trading. including using stop loss in my trading
almost all my altcoins sold, just small of them i hold. mostly, i just hold bitcoin in this time
and i will back again to buy altcoin in the altseason.

Landak

hero member

Activity: 1386

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sorry I can not follow your advice, I only hold 2 alts (in top 5) why should sell it all. I don't feel frustrated, I'm sure of the consequences, it's better to be patient again. except for erc20 token, if there really is a market, of course I will sell them all.

wildan88

legendary

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Quote from: makolz26 on November 24, 2019, 09:59:32 AM

Quote from: whtchocla7e on November 24, 2019, 09:53:07 AM

We cannot determine everything that will happen in the future. For altcoin, there are already many technologies and utilities built into these coins. I don't think it will die. The potential of altcoins is really great, though not comparable to BTC. If everyone thinks like you, altcoin ended long ago!

It maybe depends on the altcoins that you are holding, why you still hold back when you have seen that there is no future on it. My strategies to my altcoins once that there is lack of communication already in the community, no progress in the development, no action with the team, then I am selling it in Bitcoin and just saving Bitcoin before it will have zero volume.

maybe right, because there are so many altcoins, more precisely shitcoin, which makes us trapped in it. I am also quite frustrated that some of my tokens with a value of $1000-2000, now only become $50-100, and a few days ago I sold some of these altcoins when there was an increase because I thought there was no hope for them to develop the project. maybe if investing in altcoin top 10 coinmarketcap is the best choice.

makolz26

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Quote from: whtchocla7e on November 24, 2019, 09:53:07 AM

We cannot determine everything that will happen in the future. For altcoin, there are already many technologies and utilities built into these coins. I don't think it will die. The potential of altcoins is really great, though not comparable to BTC. If everyone thinks like you, altcoin ended long ago!

It maybe depends on the altcoins that you are holding, why you still hold back when you have seen that there is no future on it. My strategies to my altcoins once that there is lack of communication already in the community, no progress in the development, no action with the team, then I am selling it in Bitcoin and just saving Bitcoin before it will have zero volume.

whtchocla7e

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We cannot determine everything that will happen in the future. For altcoin, there are already many technologies and utilities built into these coins. I don't think it will die. The potential of altcoins is really great, though not comparable to BTC. If everyone thinks like you, altcoin ended long ago!

cryptonewbie

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Activity: 434

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I tend to agree with the poster. Many coins are garbage and useless. This is why I swing trade with only the top coins. BTC/ETH/USDT. The lesser shitcoins we have, the better for cryptocurrency in general

GSpgh

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Quote from: llecrf on November 24, 2019, 03:39:54 AM

Bitcoin is everyone's choice when the price goes down, altcoin is a good investment choice because there are many projects that have good products and transaction speeds that are better than Bitcoin, current market conditions are indeed on the decline, ethereum and LTC are good altcoins, prices right now it is going down but when you see LTC and ethereum prices going up like 2017, there sometimes you will feel lost because you have sold it Shocked

I could always buy the coins back at a much lower price than I sold them for and it would be true for almost anyone who sold over the last couple of years.

Quote from: biddicoin on November 24, 2019, 04:42:46 AM

as far i know, there are 2 sentiment in alt. those are bearish and bullish. bullish in altcoin is called altseason
this is bearish market to altcoin. so most of alt including top 10 altcoin would be dump. looks like no hope to rise
it makes many people scared including you and considering to sell all your alt, it is not bad decision. as long as you sell higher than you buy Tongue

No, you should sell it because you can sell it higher now than later. It doesn't matter what the price was when you bought it. Cut your losses. If you don't have a time machine to go back you can't change the price you bought. But you are still in control of when to sell it.

biddicoin

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as far i know, there are 2 sentiment in alt. those are bearish and bullish. bullish in altcoin is called altseason
this is bearish market to altcoin. so most of alt including top 10 altcoin would be dump. looks like no hope to rise
it makes many people scared including you and considering to sell all your alt, it is not bad decision. as long as you sell higher than you buy Tongue

Sexaphiliac

copper member

Activity: 122

Merit: 0

Well you could sell and save yourself the depression that may arise when price dips but if you exit without a plan of coming back, in the nearest future, you'd wish you stuck it out with the markets and held. It's not a loss until you take it. It's almost certain that prices will still rally.

llecrf

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Activity: 420

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Bitcoin is everyone's choice when the price goes down, altcoin is a good investment choice because there are many projects that have good products and transaction speeds that are better than Bitcoin, current market conditions are indeed on the decline, ethereum and LTC are good altcoins, prices right now it is going down but when you see LTC and ethereum prices going up like 2017, there sometimes you will feel lost because you have sold it Shocked

Rcoinmoon

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Come is it your frustration?
Actually there are couple of altcoin that was invented to frustrate investors but unfortunately am a stubborn investors who isn't afraid to lose once am in am always ready for the ride.

fuer44

sr. member

Activity: 1680

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it is not a solution, sell now with the aim of cut loss? or can't wait for the market to go up? Do you want to leave frustration or add frustration because of regret someday?

precisely my advice is we have to start buying now. because the market needs a high and continuous trading volume. when we are silent or even stopped, the crypto value will never go up at all. but if trading and transaction volumes continue, the crypto value can go up because of that. and that's why bitcoin could rise to the moon some time ago. now we are in altcoin because prices can still be reached, and altcoin can do what bitcoin did at that time.

believe me Wink

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