Topic: There has never been a worse time to hold altcoins (Read 3337 times)
Its worse time for all those who invested at ATH because altcoins have lost 95% of value already and at the same time its a good time for those who start building portfolio since the beginning of altcoin downtrend, this market favour some and disfavour others
As your graph shows, If we leave Bitcoin, al other are just going down and not early signs of coming back to previous glory.
I think this is because, now a days, everything has scattered and people(investors) dont know where to go. One of thee reason is lack of confidence in these investors.
Where as , the leader is still looks promising and unbeatable.
I think this is because, now a days, everything has scattered and people(investors) dont know where to go. One of thee reason is lack of confidence in these investors.
Where as , the leader is still looks promising and unbeatable.
That graph is only for 2019 right ? We all knew that 2019 was not a good time to trade altcoins especially in q1 and q2 but there is still hope for q3 and q4 for the accumulation zone which in my opinion already began. You will be surprised to see what 2020 and 2021 will bring for good altcoins and I'm taking only for a few of them.
If you hold bags of dead coins better dump them before they go to 0 as most of them took 90% from initial investors and they don't plan to ever come back to that price. Just have a look on ROI on every major altcoin and you will see that almost none of them return something to the investors since the last bull run. Furthermore they won't even think to exit scam as they already did long time ago ( check masternodes per example and you will see what I'm talking about ). Another problem will be the fact that people will keep buying dead altcoins, keeping them alive in some way when they should get abolish from the markets.
If you hold bags of dead coins better dump them before they go to 0 as most of them took 90% from initial investors and they don't plan to ever come back to that price. Just have a look on ROI on every major altcoin and you will see that almost none of them return something to the investors since the last bull run. Furthermore they won't even think to exit scam as they already did long time ago ( check masternodes per example and you will see what I'm talking about ). Another problem will be the fact that people will keep buying dead altcoins, keeping them alive in some way when they should get abolish from the markets.
It doesn't really matter. Altcoins didn't really exists as a thing back then. While I still believe CMC chart is very vague, misleading and pretty unaccurate (because it shows an actual lower % of BTC domination than it really is because of reasons explained above in another post I made) it's still pretty telling:
https://coinmarketcap.com/charts/#dominance-percentage
Altcoins ere a fad, a come and go thing. I give it another go, another chance to dump your coins during the next Bitcoin craze to $100k. That will be when the tide finally shifts and even the dumbest guy in town already knows altcoins are scams to get more BTC from the unexperienced.
Unless an altcoin comes up with groundbreaking stuff at the fundamental levels, we are going back to 95% BTC dominance (real, not CMC levels) easily. By CMC levels, I think we can hit 75 to 80% during the next 5 years.
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that is a painful fact, i really realize now that the altcoin market will never return like a few years ago.
but i can't give up now, i will continue to hold on to my strong belief that someday there will be a time for altcoin to grow.
but i can't give up now, i will continue to hold on to my strong belief that someday there will be a time for altcoin to grow.
Not all altcoins. I am sure that the strong altcoin will come back at a high price. The weak altcoin will not increase too high because they don't have strong support from their fans. I am sure that many people still hold on their altcoin because they believe the altcoin season will come back again and will give them the profit. No matter it is hard, that is what you need to do.
that is a painful fact, i really realize now that the altcoin market will never return like a few years ago.
but i can't give up now, i will continue to hold on to my strong belief that someday there will be a time for altcoin to grow.
but i can't give up now, i will continue to hold on to my strong belief that someday there will be a time for altcoin to grow.
Even if I propose or plan to dump, do they really worth something? This is the question I ask myself whenever I have the opportunity to dump, which is why I still end up holding some of them. Imagine selling and not being able to withdraw. Sometimes, the gas fee might have taken bulk of the whole cost.
It is a hard decision to make.
Well spoken ''do they worth something when you sell it off''? That's what runs through my mind each time I want to dump. I can't dumb something that has no value, it's better for me not to sell it at all until I see good profit It is a hard decision to make.
The facts that you have posted are 100% true, but the thing is that I have active belief that altcoin session will come back strong. At least the top ALT like ETH BNB will rise back up, and the price of BTC will fall back.
With really good project maybe not waste our time for holding some altcoin, but look now how many altcoin serious for building their project after listing and price drop, have they are trying buy back for keep price stable and higher? No one altcoin owner look want to re build after their coin drop to lower price.
Agree with this opinion, which is different and a problem of the cryptocurrency market compared to the stock market is the company's commitment or crypto, the developer team. In the stock market, when prices fall, the company is committed to raising share prices in various ways including buy on the floor. Whereas in the cryptocurrency market, the developer team tends to be indifferent and like letting investors lose money
Ouch! 
that really hurts. even if we all felt it, it hurts even more when you get it really shown. even the upswing that has
been addressed for quite some time does not really come. but currently only sitting out and waiting helps.
and of course very good if you keep most of the portfolio classic in bitcoin.
that really hurts. even if we all felt it, it hurts even more when you get it really shown. even the upswing that has
been addressed for quite some time does not really come. but currently only sitting out and waiting helps.
and of course very good if you keep most of the portfolio classic in bitcoin.
really sad but this is the truth. I am one of the people who believe in alts technology and now I have to face the biggest loss ever. But never mind, don't worry, alts' value is only underestimated this year. next year, I believe the top alts will grow strongly again and Bitcoin will sideway at $ 10k.
Holding was the only option unless the person was learning how to send transactions. 
Stop deluding yourselves, the altcoin market is not coming back, and if it does come back, you better dump whatever you have left because there are no chances of it pumping ever again beyond an exit scam. Smart money has learned to stop pumping shitcoins. Altcoin continue to sink against BTC. Dollar valuations don't matter because altcoins have no liquidity outside of BTC, so with BTC pairs going down you are going to lose purchasing power during the process. And still, they eventually keep going down against assorted fiats too.
Bottomline is, you are holding a massive hot potatoes bag by having a diversified "crypto portfolio" in altcoins. Sure there will always be the odd ones that pump, but that's worse than going to the casino. You might as well trade regulated penny stocks if you want to bet on low caps going to the moon, where there are less chances of getting screwed over by massive scammers. At least you surely lower exchange rate risk (and most of those shitcoins are listed in shady exchanges).
Unfortunate, but true. I have been monitoring the performance and behavior of altcoins for a long time now, and they are only sinking deeper. The charts don't lie, going after BTC seems like the only safe thing to do rn.
It's not guaranteed the market will always behave according to the chart. I did not give up on altcoins. I still believe altcoin glory will come back again anytime but by holding from long I am in huge loss even I agree most of the altcoins are at their bottom. I will remain positive because I believe in the potential of the crypto market.
Sometimes having a good knowledge with when to hold and to buy more is very important things in this industry. Alts that have a huge fall after booming last 2017 can be a good option for investment. Projects that continuing and keeping the project alive are just waiting for another wave of the bull season. After some months or years, the long wait will be rewarded to those who believe on it and will enjoy enormous benefits. Don't lose hope and stay being positive with projects that you understand well and trust your investment.
With really good project maybe not waste our time for holding some altcoin, but look now how many altcoin serious for building their project after listing and price drop, have they are trying buy back for keep price stable and higher? No one altcoin owner look want to re build after their coin drop to lower price.
It's not guaranteed the market will always behave according to the chart. I did not give up on altcoins. I still believe altcoin glory will come back again anytime but by holding from long I am in huge loss even I agree most of the altcoins are at their bottom. I will remain positive because I believe in the potential of the crypto market.
I agree with you. Because the chart is not right always which was proved in the previous year and in 2018, altcoins situation was far worse than now. ETH price was 85 USD! But the crypto market bounced back and the same thing will happen again. This is a tough situation for altcoin holders but we are already used to with it.
There is quite a lot of shitcoin circulating and stored in the wallet of the investor or prize participant. In my opinion it's not worth keeping, especially for prize hunters. Investors may still have the expected goals of the project because they clearly spend money to get it.
Even though it's still not sure if it won't be pumped, it shouldn't be maintained while it is still possible to sell.
Everyone has a perception, believe in yourself and do it.
Even though it's still not sure if it won't be pumped, it shouldn't be maintained while it is still possible to sell.
Everyone has a perception, believe in yourself and do it.
It's not guaranteed the market will always behave according to the chart. I did not give up on altcoins. I still believe altcoin glory will come back again anytime but by holding from long I am in huge loss even I agree most of the altcoins are at their bottom. I will remain positive because I believe in the potential of the crypto market.
Almost all altcoins continue to follow the development trend of bitcoin price. Due to the speculative component of cryptocurrency, the general trend will be unstable for a long time and force players with weak nerves to sell their assets on a downtrend.
Many traders and investors sell their altcoin at low price,due to panic. The reason behind is loss of experiences and loss of patience.Panic will be the worst thing,which traders will get easily. If they inverse their real money for trading. Altcoin is the best one to inverse with a less capital.
Anyone who is late in the alt season will be stuck holding some expensive bags. An expensive bag that may never return to the highest price before. However, most crypto investors held out hope for the promise of an "alt season" - a period in which sales in the asset class were completely depleted, and low liquidity combined with FOMO significantly raised the price of each altcoin in a short amount of time. Such an event brought a lot of crazy returns at the peak of the Bitcoin bull rate.
If tokens are an application to real business, then they will still rise in price even after three years of a bear market. The price of the token, this is only a reflection of the current state of the cryptocurrency market, and not the state of the token project. Therefore, I do not think that we need to get rid of old tokens as absolutely useless. I believe that at least a certain part of them is still able to give us good profit.
That graph is only for 2019 right ? We all knew that 2019 was not a good time to trade altcoins especially in q1 and q2 but there is still hope for q3 and q4 for the accumulation zone which in my opinion already began. You will be surprised to see what 2020 and 2021 will bring for good altcoins and I'm taking only for a few of them.
If you hold bags of dead coins better dump them before they go to 0 as most of them took 90% from initial investors and they don't plan to ever come back to that price. Just have a look on ROI on every major altcoin and you will see that almost none of them return something to the investors since the last bull run. Furthermore they won't even think to exit scam as they already did long time ago ( check masternodes per example and you will see what I'm talking about ). Another problem will be the fact that people will keep buying dead altcoins, keeping them alive in some way when they should get abolish from the markets.
If you hold bags of dead coins better dump them before they go to 0 as most of them took 90% from initial investors and they don't plan to ever come back to that price. Just have a look on ROI on every major altcoin and you will see that almost none of them return something to the investors since the last bull run. Furthermore they won't even think to exit scam as they already did long time ago ( check masternodes per example and you will see what I'm talking about ). Another problem will be the fact that people will keep buying dead altcoins, keeping them alive in some way when they should get abolish from the markets.
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