Topic: Tired of seeing the “Satoshi” value of my portfolio drop. - page 2. (Read 488 times)

Not selling to USD. Just converting to Bitcoin. I was INTENSLY into NEO in 2017...back the. They were the alternative to ethereum. Now there is cardano. And eos. And so many others. They can all survive and be valuable. Bitcoin really has a strong foothold. I’ll cut my losses in bitcoin. But not fiat, I care less about that.

It is hard to get the highest returns from a portfolio with many altcoins and always good to keep a core position in bitcoin at all times.

One thing is for sure here, you were getting involved with your emotion. And yeah, i do agree with you because sometimes it's hard to see that Bitcoin keeps falling and falling for the entire year. We haven't seen some positive changes now, i guess there will be no bullish this year though it is just a first quarter. We will see something in the next quarter so as of now we should've hold whatever left to us.

Not only you, there are many people here who are constantly tested for patience because the price of the coins they hold continues to fall and even very unworthy to have, but the reality is this is what requires us to make difficult decisions in my opinion, keep holding by continuing to be patient or sell to cut losses. Anyway, choose the best for you because I personally will only remain patient for longer and won't sell even though it looks to cut losses, but I don't want to regret when the market recovers in the future.

Look at it this way as an alternative line of thinking: which is more likely to happen, BTC going to 100k USD from here, or NEO retesting its all time highs of 200 USD from here,

either of these events would give you approximately identical returns, you can bet on whichever one you think is more likely to happen first...

I have plenty of shitcoins.
ZClassic
Bitcoin Private
Bitdegree
Vertcoin

But the vast bulk of what I own is BTC, LTC, ETH, ADA.

TODAY I swapped my 100 NEO for .22 BTC. I HAVE HAD ENOUGH of that one. In 2017 NEO was “The one.” The Chinese Ethereum. But now there is NEO, and Ethereum, Cardano, EOS...I mean how many protocols do we need? Da Hongfei barely tweets about NEO anymore. No one really discusses NEO.

I WILL probably end up being wrong. But as each day grows I feel more and more like a Bitcoin maximalist. The best doesn’t always win. A lot of times. It’s the first.

We just need to accept the situation of the market, all the ALtcoins are directly tied to Bitcoin, we need a total deviation from this if the market want to grow, it is very disturbing that BTC drag Altcoins up and down with it. We are all fan of BTC but for now we have seen that Bitcoin can not work in isolation and we need new tech

At least it looks like you're holding some legit projects rather than some random shitcoins. We're in a bear market, so chances of seeing your alts increase in satoshi value are low, especially to 2017 levels. My advice would to hold them for the long-term, there's no reason to dump them at such low prices right now. Since you're a hodler, you can be patient enough to wait for the next altcoin cycle to hit market so your alts can increase in value to convert them to btc.

You will make another mistake. One was trading Bitcoin for alts in 2017 and another will be trading alts for Bitcoin in 2019. If you are a trader and not holder then you should do the opposite. Buy alts now and buy bitcoin in 2021.

I'm sorry about your situation, many have the same problem, there are only two ways to solve 1) fix the losses and try to win back by starting to trade more actively 2) continue to keep on but at the same time making additional bitcoin to increase profits with growth.

Your buy at 14 USD / NEO was great at the time, but you have to ask yourself, why not cash at least some of them out at 100 USD or 200 USD. Are these digital currencies so precious to you that

10x ++ gains are not enough to part with at least some of them ?.. In the history of all financial activity, anything that gains 50-100x or above is bound fluctuate back, before making a new move,

it's Investing / Trading / Money Management 101 to take some partial profits at those spectacular levels...

All holders experience the same fate as you, but stopping and selling low is a rushed choice. It's best to remain a holder at least until 2019 ends, I think in 2019 there will be an opportunity to recover.

Unless a coin (each looked at seperately) develops to the point that it is used without the need to go through BTC, things won't change much.

Which coin has a purpose, IF it has a real life purpose, is up to you to decide (my SUBJECTIVE view is that atleast 90% have 0 real purpose).

Because, again IMHO, only those that have real life purpose (other than "we can buy stuff with it") are truly worth hodling.

But that's just me.


Oh, and...when you invest subjectively small enough amounts, just like if you go out and buy 5 drinks and forget about it, you will NOT react to ANY price change, because you invested what you consider lost already and you have faith in the technology/plans of a certain coin you invested in.


EDIT: I have 5 different coins, 1 main and 4 "shitcoins" in who I don't expect nothing really   I bought almost 2 years ago and haven't felt sad at ANY point, even though all coins were like 1000% higher than now.
I invested a small amount and I don't care. Main coin is far from it's potential and the rest...if it happens, happens.
I truly believe when you make correct steps, you don't react to anything and keep a sane mind.

Really hard to give financial advise, but if you're a Bitcoin guy by heart then why you stick with a lot of altcoins though? They are high risk because of the "pump-and-dump" practice, even riskier than bitcoin. And you know that there's some correlation about the price of bitcoin and altcoin. So obviously when bitcoin falls, altcoins suffers more, so I just hope that it's not too late for you (dumping altcoins will give you big losses at this time) to go back to bitcoin market. So I can't really tell what's the best thing to do in your situation right now.

Hmmm,seems like theres a contradiction on what is your heart felt and whats your action

You are a Bitcoin Guy at Heart but you had purchased large amount of altcoins and hold them for quite some times?

So where is the bitcoin heart there?

You have been holding for more than a year now,and you had this feeling of losing the whole 2018 and not you are asking if you need to convert all of you folios to bitcoin?

For me this is a stupid idea because those coins you have mentioned(and maybe those others in your folio)are good altcoins and has a good potential ps,though this dip market has been hard for all of the crypto coins so better stay holding for atleast another year,after all YOU ARE A HOLDER AND NOT A TRADER right.?

I don't know if this will always be true, but it has been true since the beginning of crypto: BTC doesn't rise as much as alts in a bull market and alts don't retain as much value in a bear market. If you think the bear market is bottomed out and you trade alts for BTC based on its performance, based on past markets you'll be making a mistake as the BTC you bought won't rise as much in the bull market. The smartest/luckiest people in the room sold for cash and are either buying alts now or avoiding the market entirely, not trading their alts for BTC. Also, it's a good time to hedge if you are long BTC given you are getting more bang for your buck and there's no guarantee (in fact there's a lot of doubt) that BTC will be One-Coin-To-Rule-Them-All.

The other part of this is what coins you are holding: if the outlook for the coins you are holding hasn't changed or has gotten better, there's no logical reason to sell as the price isn't correlated to future performance, just the mood of the market. If the coins look like total  shit, they were probably shit when you bought and the hype cycle reeled you into buying. I know it's tough to ignore or stifle emotions when it comes to money, but you'll have better performance if you do. As the saying goes, "be greedy when others are fearful and fearful when others are greedy."

You know that altcoins are even riskier investments than Bitcoin. They fluctuate more and wider. And they have a much higher chance to drop to 0.
I don't say your portfolio is bad. I don't know. But if you are bitcoiner at hearth maybe you should have kept most of your money into Bitcoin.

Also, you know that huge amounts of money have gone out of crypto market. This clearly means that the altcoins have dropped too. A lot.
I don't want to "sell" you false promises. But in the same way we expect (sooner or later) money come back into Bitcoin, many expect the money back into the whole crypto market. And then some of the altcoins will recover not only against Dollar, against Bitcoin too. Just I can't tell which of the altcoins.

This is a quite bad time to sell, whatever crypto you sell, but also some altcoins may not recover at all. It's hard to decide which to keep and which to sell and it's solely your decision.

The crypto market is undervalued in both USD and BTC. If you want to maximize BTC value I would think about holding your altcoins for some more time and wait for the market to rise.

You said youre a holder not a trader then you must hold it for more years not 1 or 2, crypto is in bearish mode right now so better holding your btc, 2020 next year is bitcoin halving it will have an impact of course in price either up or down depends on the market and demand but Im sure next year we can see a new status of market I hope for a bullish one.

Well, you are not alone of this misery but most of us really suffered great losses of this bearish market but still i suggest that we continue to hold and be patience as what is the point of selling it low right now. Hopefully the ETF products will be approve soon as i believed that it will attract millions of investments triggering the bullish run.