There has never been a worse time to hold altcoins - page 3.

princerepon

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Quote from: pereira4 on September 20, 2019, 08:15:20 AM

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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).

If we are looking for last few years about altcoin growth then yes you are right. But there was a day people talking about bitcoin will be dead when it was around 4k couple of months ago. Now see where it is now. Tow years ago bitcoin was like 20k so it's hard to judge so early i think. I always believe good altcoin have a great future. Just need some time to back in track. But yes holding some shit coins or low quality coins is really worthless and risky now days.

poornamelessme

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Quote from: el kaka22 on September 25, 2019, 11:29:39 AM

As of today bitcoin doesn't look that good neither Cheesy

. Crypto is not something that will give you sunshines and rainbows all the time, we all lived that 1500 dollar ethereum times where every single coin made at least x10 profits to its owners but we also have to go through this period as well so that when the next bull run comes we are all ready and did our due.

After that new bull comes to altcoins eventually there will be new people and those people will lose money and feel like you, however you did your due time and you will be selling at high prices and taking your profits and be happy compared to them. We just have to be patient and wait for the price to go back up, eventually it will happen, it may take some time but it will eventually happen one day.

The fact that btc isn't exactly stable or destined to always go in a straight line upwards tends to get overlooked in these sorts of threads. So when btc is doing great, we see a ton of 'altcoins are doomed, hold and you get rekt' threads. But it's not like btc is some sort of magic coin immune to ever going down. And based on history, this is all cyclical, sometimes btc does well, sometimes alts do.

I don't think we'll see another 10x crazy alt season again for every coin, but that doesn't rule out some alts going up 10x -- especially since many were crushed like 2x or more since this summer. Regardless, it is certainly possible that in the future we'll look back at current alt prices and think 'Only if I bought them when they were so cheap'. I know I do that for ETH and coins 3-4 years ago.

el kaka22

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As of today bitcoin doesn't look that good neither Cheesy

. Crypto is not something that will give you sunshines and rainbows all the time, we all lived that 1500 dollar ethereum times where every single coin made at least x10 profits to its owners but we also have to go through this period as well so that when the next bull run comes we are all ready and did our due.

After that new bull comes to altcoins eventually there will be new people and those people will lose money and feel like you, however you did your due time and you will be selling at high prices and taking your profits and be happy compared to them. We just have to be patient and wait for the price to go back up, eventually it will happen, it may take some time but it will eventually happen one day.

nutriagrigia

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Quote from: yanto@1977 on September 25, 2019, 07:59:40 AM

If you can't calculate time and doesn't have take profit/ stop loss point, any " hold " strategy will fail. We never know market will go and I think prepare for the worst is better than just wait new trend. Faith is good but must support by wise analysis, if don't you're a gambler. I already have bad experience about hold method but I never give and keep try " hold " with cut loss position to cover my asset.

stop-loss is a very important tool for those people who have decided to just hold altcoins. but unfortunately, very few people use it now.

yanto@1977

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If you can't calculate time and doesn't have take profit/ stop loss point, any " hold " strategy will fail. We never know market will go and I think prepare for the worst is better than just wait new trend. Faith is good but must support by wise analysis, if don't you're a gambler. I already have bad experience about hold method but I never give and keep try " hold " with cut loss position to cover my asset.

nialakojiu12

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Quote from: HK88 on September 20, 2019, 10:32:16 AM

as long as altcoin I am still widely used for trading and investment. I won't worry about that, besides that I also hold the highest altcoin in the market so I'm sure if the market has stabilized we will see the glory of altcoin again.

True, we must keep our investments and wait for the best moment, particularly I use the Mintme platform and secure my investments in Webchain. Also with Mintme, I have access to the other traders, see the token profiles for sale, and I can even communicate with the creators.

Convery

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If you do not sell, you will not lose anything. So still you have same value. For example holding 100EOS are still 100EOS. I hope that you know why you buy these 100EOS so why you want to sell your altcoins in loss.

JCviggen

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Quote from: Google+ on September 25, 2019, 06:21:18 AM

if you hold a lot of altcoin then the risk you have is very high because altcoin cannot provide any guarantee whatsoever, you better save a little altcoin but it has the potential to be very expensive so you can get a lot of benefits from the altcoin price movements that you have.

Now many people are ready to take these risks because the market situation is very bad. people buy altcoins in anticipation of big profits in the future due to the strong losses that we see for 1.5 years

setialovers

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Quote from: davinchi on September 25, 2019, 01:25:05 AM

Hearing some analyst say that altcoin will seize to exist in the next five years, I think they are not far from truth because these step you want to take is one of the killer of altcoins, most investors of altcoins that we have now are no longer putting money, and then they are also not creating awareness for new investors to come in, even the new investors that are coming in are being discourage seeing what others are saying about altcoins.

You are here too already planning to dump all altcoins as soon as they pump, and I am sure that if you succeed in doing that, that will be the end of altcoins, and I think part of me will actually do that too for coins that I feel are not to be trusted and maybe I will just stick with coins that are within the top 5 and most especially bitcoin, which is the main coin that most investors are putting their money now.

Many investors who become altcoin as a speculation tool because the movements are quite extreme. I agree that to be safer investing in altcoin is altcoin which is in the top 5 because altcoin already has a product and is very liquid

Google+

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if you hold a lot of altcoin then the risk you have is very high because altcoin cannot provide any guarantee whatsoever, you better save a little altcoin but it has the potential to be very expensive so you can get a lot of benefits from the altcoin price movements that you have.

davinchi

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Hearing some analyst say that altcoin will seize to exist in the next five years, I think they are not far from truth because these step you want to take is one of the killer of altcoins, most investors of altcoins that we have now are no longer putting money, and then they are also not creating awareness for new investors to come in, even the new investors that are coming in are being discourage seeing what others are saying about altcoins.

You are here too already planning to dump all altcoins as soon as they pump, and I am sure that if you succeed in doing that, that will be the end of altcoins, and I think part of me will actually do that too for coins that I feel are not to be trusted and maybe I will just stick with coins that are within the top 5 and most especially bitcoin, which is the main coin that most investors are putting their money now.

efxtrader

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Quote from: TheICE007 on September 23, 2019, 02:54:50 PM

You are very correct, altcoins have just kept going down and down, seem everything is fading away due to bitcoin dominance but all we have to do is watch and wait a little longer, at the end of the tunnel might be a green light.

What is needed by altcoin investors right now is patience. With market conditions dominated by bitcoin, it's hard to expect an altseason in the near future but I still think positively that altseason will happen sooner or later

royalfestus

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Quote from: nialakojiu12 on September 23, 2019, 07:54:20 PM

Quote from: HK88 on September 20, 2019, 10:32:16 AM

as long as altcoin I am still widely used for trading and investment. I won't worry about that, besides that I also hold the highest altcoin in the market so I'm sure if the market has stabilized we will see the glory of altcoin again.

True, we must keep our investments and wait for the best moment, particularly I use the Mintme platform and secure my investments in Webchain. Also with Mintme, I have access to the other traders, see the token profiles for sale, and I can even communicate with the creators.

At less more the 95% average loss on altcoins, it looks more difficult to let go now, there could be chances for a bitcoin pair pump in coming months if the project can work on the hype and use,as bitcoin has it slight dump. For the cases of scam allegation on any held coin should allow one to let go. Am more attentive to scam allegation than the price dump

fortunecrypto

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Quote from: pereira4 on September 20, 2019, 08:15:20 AM

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).

I believe it you have a graph and data to back it up and I'm also experiencing it that, I never thought that it's going to happen, so many projects are being launched without a return of positive feedback, there are so many project reports in the scam section, this is really not the best time to invest in a new coins or altcoins with no usage.

Woodie

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Quote from: pereira4 on September 20, 2019, 08:15:20 AM

-snip-

From this alone you can tell that altcoins have lost their way and there is no coming back because for a long time we have always known that when bitcoin goes up, altcoins go up but that's not happening they nolonger ride the wave of bitcoin when it's bullish and the graph is the evidence.

TheICE007

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You are very correct, altcoins have just kept going down and down, seem everything is fading away due to bitcoin dominance but all we have to do is watch and wait a little longer, at the end of the tunnel might be a green light.

betty11

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This is partly true, not all altcoins will end in the dustbin of history or exit scam. Some have real life application, but I can't gurantee how well the price will grow in the future. Some altcoins like CET and Miracle Tele have dealt a big blow and took me to point zero, even FX pay. Bitcoin remains the best.

cytpoway121

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This is the obvious truth; I am not a believer of waiting for tomorrow
I make my decisions based on today and leave out little % for the unknown regarding altcoins

Tylev

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Quote from: Ucy on September 20, 2019, 11:10:34 AM

What matters to you most Op, price or technology? I am way more interested in useful features that works on decentralized project. If a good cryptocurrency goes to zero but still serves a useful purpose then I won't worry much about the price.
Any coin that offers something great in the future will do great. We are becoming too focused on price instead of merit

This is indeed the correct reasoning. Many altcoins have working projects. The price of these altcoins now is a reflection of the current state of the market, where Bitcoin has a price dominance. Therefore, the market itself is a bit curved due to such a dominance of bitcoin. Altcoins will certainly grow in price. I do not agree with the conclusion that our tokens will never rise again. Everything has its time. Bitcoin's price dominance will inevitably fall over time, because in the end, functionality will be appreciated.

S4VV4S

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Quote from: jajorforce on September 22, 2019, 06:27:54 PM

I think you should know about the Bitcoin demand. I am sure Bitcoin demand will increase than altcoins. Where altcoins will sink more in bullrun of Bitcoin. For high profit, altcoins is much better than Bitcoin, you can do your research.

Now it's not like that anymore, Altcoin only provides losses because the dominance of Bitcoin still continues, but I also still hold some Altcoin in hope that someday can provide benefits for me even though as the OP said that we may have to sell when there is little pump occurred.

Topic: There has never been a worse time to hold altcoins - page 3. (Read 3425 times)