There has never been a worse time to hold altcoins - page 5.

pereira4

legendary

Activity: 1610

Merit: 1183

Quote from: GREENch on September 20, 2019, 10:17:13 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.

iMark

sr. member

Activity: 1162

Merit: 251

Quote from: Ranly123 on September 20, 2019, 09:37:50 AM

I am not delusional but I still believe that altcoins will have it's glory days coming back. Looking at the graph you showed, it's really hard for altcoins to recover but it's a nature of cryptocurrency to have ups and downs that we may can't predict when it will come.

Of course, but not all altcoins will experience a golden age again, some altcoins will definitely recover and pump back. there is nothing wrong in holding altcoin,
but with the record that you hold a large and trusted altcoin, because not all altcoin will recover and pump, some of them fall and die.

Byakuga

member

Activity: 518

Merit: 28

This present altcoin market is heart breaking and discouraging but i refuse to belief that my altcoins won't recover, just because there is 90% loss doesn't mean its the end for all altcoin, i refuse to give up now

vanya.pronin.1983

member

Activity: 378

Merit: 10

It is only the matter of time until altcoins would make it to the top again. If you think positive, you may see a great chance for grabbing some alts for the best prices. But generally speaking, you are absolutely right, 2018 and 2019 is a complete disaster for altcoin holders.

Ucy

sr. member

Activity: 2576

Merit: 401

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

HK88

jr. member

Activity: 193

Merit: 3

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.

Nasonn

jr. member

Activity: 616

Merit: 1

Looking at the charts one will assume it's almost impossible, there might another dump in the altcoin ma ket but it will surely recover with time if time travellers records are correct about 2020 for Btc dominance.

DarkDays

legendary

Activity: 2030

Merit: 1189

Well, it really depends when you bought in.

If you have been holding altcoins since late 2017/early 2018, then you are almost certainly completely rekt by now.

However, if you bought certain ones at the start of the year respective runs, then you could have gained against BTC. I mean, Stellar (XLM) and Ethereum (ETH) are both up significantly against BTC over the short term.

Be smart, get in and out quick, only BTC is safe to hold long term.

Decksperiment

sr. member

Activity: 630

Merit: 250

Quote from: crazy-pilot on September 20, 2019, 10:53:48 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 agree! I've seen a lot of notable altcoins with very good development yet their prices are almost critically very low and alarming but somehow the community still managed to hold onto these coins believing that its own good foundations will hopefully revive its market price very soon.

Upgrade00

legendary

Activity: 2030

Merit: 2174

Professional Community manager

Crypto enthusiasts have the tendency to lump altcoins together. I have been trading altcoins for almost two years, and some projects have been steadily giving me profits, even during the bear period of BTC, it's almost about finding the right project and sticking to it.

ICOs are largely passed and new developers would struggle to raise funds for their projects, but already existing ones with a good use case offers investors options in revenue and also it's application

rosezionjohn

sr. member

Activity: 882

Merit: 301

As expected, many will be biased because they're holding altcoins. It's hard to be objective when all you wanted is to recover those losses and there's nothing that can be done but to ~~believe~~ hope.

Take a look at bitcoin dominance and that should give us a clue.

crazy-pilot

sr. member

Activity: 861

Merit: 253

SmartFi - EARN, LEND & TRADE

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.

Winscosinally

member

Activity: 490

Merit: 16

Altcoins investment is very depressing this year, i have lost 95percent of my invested money on altcoins, not a single one is smiling in my wallet,there is nothing i can do to change it than accept my present loss and wait for what to come in near future

GREENch

full member

Activity: 1400

Merit: 103

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.

Juliedarwin

full member

Activity: 462

Merit: 100

Quote from: Ranly123 on September 20, 2019, 09:37:50 AM

I am not delusional but I still believe that altcoins will have it's glory days coming back. Looking at the graph you showed, it's really hard for altcoins to recover but it's a nature of cryptocurrency to have ups and downs that we may can't predict when it will come.==

Yes that's right. We don't need to be a delusion person to get what we want in easy way. And yeah we never loss hope that someday altcoins will have a good news and have a pretty good value price. So lets be continue to support and be patient a bit time of it.

coin-investor

hero member

Activity: 2828

Merit: 575

Leading Crypto Sports Betting & Casino Platform

If I have away and there are exchanges where I can dump these shitcoins that has been in my wallet for months I would have done it, right now I;m still in a look for a way to dump, there's no hope, developers have their money so they can go on vacation while we wait to hope for a miracle to happen.

This is indeed the worst time since I came in here, two years ago my mantra was HODL HODL now it was replace by DUMP DUMP.

Ranly123

full member

Activity: 952

Merit: 104

★777Coin.com★ Fun BTC Casino!

I am not delusional but I still believe that altcoins will have it's glory days coming back. Looking at the graph you showed, it's really hard for altcoins to recover but it's a nature of cryptocurrency to have ups and downs that we may can't predict when it will come.

befriendmywater

member

Activity: 658

Merit: 10

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.

pereira4

legendary

Activity: 1610

Merit: 1183

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).

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