There has never been a worse time to hold altcoins - page 4.

GREENch

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Quote from: pereira4 on September 20, 2019, 11:34:11 AM

Quote from: GREENch on September 20, 2019, 09:17:13 AM

The graph looks depressing, but in addition to the picture reinforces your position on altcoins, I have not heard reasoned arguments in favor of the fact that it is necessary to get rid of them right now.

I offered you the only sane argument I can think off: Whales which are still stuck within the 2017 crash holding huge amounts of altcoin bags, planning to do the last exist scam within the next Bitcoin rally. As noobs look at "coinmarketcap" while Bitcoin is on mainstream news when it's about to hit ATH as usual, those whales may attempt to confuse the noob by luring them into buying some of those pumping shitcoins, only to dump on them bigly. This may be the last time for bagholders to leave the crazy train formerly known as "cryptocurrency diversification".

Other than this theoretical exit scam pump, I can't think of fundamentals strong enough for altcoins to maintain any sort of positive traction long end, and this includes Ethereum, Litecoin, Monero and the usual suspects. The ball is on your court to argument why should anyone bother having serious long term hold positions on any of that.

The arguments are certainly reasonable, but the situation may go according to another scenario. My point of view partially coincides with yours, but I would not be so categorical in my judgments. Only the time will show how the situation will develop.

royalfestus

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There are lots of inside information that we aint open to about the whole space and price movement. I believe altcoins are also in the best interest of bitcoin. I really want to see a large number of the altcoins die and there teams. I want the scam team be brutally prosecuted and put scare to intending scammers. The sad thing is that most of these scammers have dwelling close to the SEC. The system handling the sanity of the space are humanitarian not from Iraq or Russia, they would have done so much. They have made people so broke and scared

Nezerlan

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Even the best performing alts in the top ten are not doing well. It is really a bad year for holding alts. I have watched painfully as my portfolio dipped from $3200 down to less than $800 all thanks to holding. Would have dumped if at halfway if I knew things would get so bad.

jajorforce

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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.

Insomnia family

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investing in bitcoin is a good decision to secure your money there, but I don't think the altcoin market is dead. in fact I am more and more convinced that altcoin will pump back but what I mean is the top altcoin in the market. I don't mind holding some altcoin bags because I'm sure they still have hope of rising again.

Red-Apple

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you are wrong Cheesy

it has always been a bad time to hold altcoins and at the same time it has always been a good time to pump and dump altcoins which makes them good for day traders who are willing to gamble a little.
that is the origin of the term "bag holder". it has never been a good idea to bag hold any of the altcoins even if you think their value is higher than when you bought them!
a quick look at the past year shows all altcoins without exception have lost at least 80% of their value and in most cases it is higher than 95% and is still growing.

Fundamentals Of

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While I am an avid supporter and fan of Bitcoin, I cannot imagine the whole world of cryptocurrency having only Bitcoin as the sole functioning coin. There are so many altcoins out there, that is a fact and a sad one because many of them are mere shitcoins. But I cannot just discount the existing altcoins that have contributed a lot to the growth and utility of cryptocurrency. Ethereum, for example, cannot be categorized with the rest. I will continue to have Bitcoin in my portfolio but I don't think it will be there alone and lonely.

btc-facebook

legendary

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can you tell me what tools or techniques you are using, I also want to try it,
because I also want to see between 2015 and 2019, how the chart moves,
I can't make a conclusion from just a few months from 2019.
I still believe that charts never lie, chart conditions in 2019 are not much different from chart conditions in 2015,

pereira4

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Quote from: berdpen on September 20, 2019, 02:12:37 PM

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).

It depends.

There are some fundamental issues with BTC that some coins like NANO has resolved.
Some to mention:

* Transaction Fee
* Electricity consumption
* Transaction Time
* Scalability

you have neither of these issues with NANO.

I know something that has low transaction fees, low transaction time, and scales, it's called fiat. You could argue about electricity consumption, however NANO network is tiny. You are also assuming that NANO is truly decentralized. Until NANO or whatever altcoin you want to offer, hasn't had a multi billion $ marketcap with 0 hacks through a decade, and has been attempted to be subverted via forks, then your coin is pretty much worthless and definitely not a BTC replacement.

Stargazer

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Quote from: JayTrain on September 20, 2019, 01:49:55 PM

Quote from: crazy-pilot on September 20, 2019, 09:53:48 AM

Now is really a bad time for altcoins, but this is not the end. I don't agree with you, buddy. I still believe in the altcoin season like so many others. I do not believe that altcoins will not grow, cryptocurrencies are too young to draw such conclusions.

I think that the majority also hope that the season of altcoins will come soon, but if not to dream, then my opinion that it will hardly occur, at least because almost all store the coins in purses, and it is necessary to trade to develop cryptocurrency

I agree with you. In late 2018, ETH price went to 86 USD, we kept holding our coins that time , then what happened in this year? Though BTC dominance shows that altcoins market has not that place in crypto, that's why everyone should only care about potential coin like ETH, LTC, TRX, BNB, KCS, GT and high volume exchange coins.

pixie85

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I'm a bitcoin maximalist but I still hold some altcoins. I do not believe that altcoins will somehow become better and more popular than Bitcoin but I do believe that a Bitcoin pump is coming and that it is inevitably going to repeat a crazy bull market of 2017. When that happens altcoins will follow it again and go up in value.

Maybe they won't even reach their ATH prices but they will go up enough to allow investors to take satisfying profit.

MCDev

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Quote from: NoirSuccubus on September 22, 2019, 12:41:28 PM

Well, I don’t think of myself as delusional as I believe the altcoin session will come back surely and will come back strong. You just have to wait and witness it by yourself. I am holding my altcoins and will wait for at least the next year.

Be careful when holding altcoin. The market is in the process of purification and the altcoin with no value will die. Always keep track of the altcoin you are holding

NoirSuccubus

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Well, I don’t think of myself as delusional as I believe the altcoin session will come back surely and will come back strong. You just have to wait and witness it by yourself. I am holding my altcoins and will wait for at least the next year.

Stargazer

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Last year, some people even gave up on Bitcoin. That was really hard time though, the same hard time still with the altcoins, but that doesn't mean its gonna end. We can hope next year altcoin season will be back! But people should sold their all altcoins to buy coins like BTC, ETH, BNB, LTC, LEO, TRON! They won't die for sure.

Mahanton

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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).

Well, i do respect your own inputs though and that chart looks really devastating for altcoins but no man on this world would really have the precise prediction on what would
happen to alt market.Yes, you have seen those declining prices but you cant conclude on what would be their fate.We have seen in the past on the same movement where btc is spiking up and alts go down low but there were tendency on shooting up prices for sometime.We might able to say non good things now because of the current situation of the market but it doesnt mean that they would already have no chance of recovery.You cant stop people not to diversify with their portfolio and come to think there would be always a supporter on some projects too.

berdpen

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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).

It depends.

There are some fundamental issues with BTC that some coins like NANO has resolved.
Some to mention:

* Transaction Fee
* Electricity consumption
* Transaction Time
* Scalability

you have neither of these issues with NANO.

JayTrain

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Quote from: crazy-pilot on September 20, 2019, 09:53:48 AM

Now is really a bad time for altcoins, but this is not the end. I don't agree with you, buddy. I still believe in the altcoin season like so many others. I do not believe that altcoins will not grow, cryptocurrencies are too young to draw such conclusions.

I think that the majority also hope that the season of altcoins will come soon, but if not to dream, then my opinion that it will hardly occur, at least because almost all store the coins in purses, and it is necessary to trade to develop cryptocurrency

poornamelessme

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The simple answer to all of this is... it's not so simple. You can't claim anything in regard to crypto as a fact -- nobody knows where the markets will go. Those who state altcoins will never recover are those who simply hold BTC. Those who claim Alts will skyrocket once again, hold Alts.

All we can do is look at past history, and typically crypto works in cycles. BTC has its day, Alts have their day.

As for the charts, it's not like BTC is immune to any of this. It's still down like 50% from its previous highs. Sure, right now it's doing better than alts, but if you time the market right, it doesn't mean alts can't be profitable. I could just as easily say, get out of BTC now, it's doomed to failure, over half of your money lost! Go to gold, silver, stocks, as BTC is on shady exchanges that will steal your money! (No idea why the OP acted like all alts are on shady exchanges, most decent ones like coinbase, binance and so on handle both BTC and a zillion alts).

bigcash2011

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I know what you are saying and can feel your disappointment and personally i do think that the worst for alts is yet to come because btc is just gearing up for next parabolic run which will send alts under extreme pressure and possibly more dumps, there is only one hope and the only thing that can help alts to survive is the overall market cap. If the volume in market also grows proportionally or even higher than the growth of btc then we may see alts surviving around the current levels and may be grow in terms of fiat so we can just hope that market sees massive new volumes in coming months to support both btc and alts.

Mysteryla

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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.

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