What are you doing with your alt bags

samcoin

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Quote from: BitKongy on December 17, 2022, 01:39:13 AM

It's starting to look like we are going to see a huge dump in the coming weeks into 2023, altcoins are in trouble as big venture capitals are selling off their holdings, and another one today is DCG

I luckily unloaded most of my altcoins bags several months ago, despite Ethereum which I consider very important holding beside Bitcoin. IMO, some altcoins will come back stronger in the next bull market and give more profit than Bitcoin as some projects have really experienced people in their teams who have been in Crypto since long time so they are able to deal financially with bear and bull markets, form other side there will be new projects that manage to rise up in ranking like Optimism and Toncoin which are on my watchlist. However, there is still more time for the bears thus this period is a no-action period for me.

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Quote from: nakamura12 on December 30, 2022, 12:20:29 PM

Quote from: milewilda on December 28, 2022, 05:20:17 PM

But there are still some altcoin holders specially into those situations or scenarios that there might be some sudden pump into our bags which could possibly bring up some profits on unexpected manner.
This is why you are really still that hopeful when it comes to that and still keeps holding with your alts but on my part im not really that stressing myself on believing about those probabilities.
If ever one of those coins did make out some pumps then its either you would be able to see or notice it or simply missed out the opportunity since not all the time
you would be checking out with your bags.

That is true that there are some people who still hold altcoin for a chance to earn somr profit. Well, it's entirely their decision and it's up to them if they continue holding altcoins for that chance or not holding altcoins at this time. I am thinking that the reason where there are still some altcoin holders might be because they miss their chance before and wanted to take the chance or take the risk starting now. If that happens then I surely did miss the chance to take the chance or risk of getting profit in altcoins. I have my reasons for not holding altcoins for now and I am fine if I miss the chance if if ever happen (who knows what it could be).

I go with your opinion, there are investors who thinks that the alts that they are holding still capable to bring them the fortune that they wanted to experienced, though some might already lose the chance and there's none to do but to hold and hope that in the future the cycle will favor them and give them that same opportunities to experience that huge profits.

Whatever the reason behind, it always depends on how investors and traders treat their investment and how they look for potential.

Either to keep holding or decide to sell out with huge losses, it will be on the take of the holders.

nakamura12

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Quote from: d3nz on December 30, 2022, 02:02:19 PM

I would say that there are only a few altcoins that are worth holding for a long time. Before I've tried holding my altcoins but today there are very worth it even though they become part of the top 50 and that is why holding altcoins are very risky and much better to put a stop-loss while holding them since you never know when it will pump or dump.

I am not saying that there are no altcoins that are worth holdong for a long time. It's simply about what to do if you are not sure what altcoin to buy or you are not going to buy altcoin which BTC is what you should buy. If I am going to say it in short then buy and hold btc if you don't want btc unless you plannok buying altcoins to hold no matter how long you want to hold it. Well, it's up to the person on what to do or decided to do.

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Quote from: BitKongy on December 17, 2022, 01:39:13 AM

It's starting to look like we are going to see a huge dump in the coming weeks into 2023, altcoins are in trouble as big venture capitals are selling off their holdings, and another one today is DCG

Almost all altcoins are now making new all time low, Gala games for example look like it's going to 0.015$ after holding 0.025$ for months, I have halted my buys right now because I believe that BTC will go lower, what are you plans?

Most of these will all go to zero it happens every cycle. Then a whole new group of alts will be pushed and bought. Will pump on hype amd then they too will fall into oblivion. Altcoins are trading toys, they aren't to be bag held.

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Quote from: nakamura12 on December 30, 2022, 12:20:29 PM

Quote from: milewilda on December 28, 2022, 05:20:17 PM

But there are still some altcoin holders specially into those situations or scenarios that there might be some sudden pump into our bags which could possibly bring up some profits on unexpected manner.
This is why you are really still that hopeful when it comes to that and still keeps holding with your alts but on my part im not really that stressing myself on believing about those probabilities.
If ever one of those coins did make out some pumps then its either you would be able to see or notice it or simply missed out the opportunity since not all the time
you would be checking out with your bags.

That is true that there are some people who still hold altcoin for a chance to earn somr profit. Well, it's entirely their decision and it's up to them if they continue holding altcoins for that chance or not holding altcoins at this time. I am thinking that the reason where there are still some altcoin holders might be because they miss their chance before and wanted to take the chance or take the risk starting now. If that happens then I surely did miss the chance to take the chance or risk of getting profit in altcoins. I have my reasons for not holding altcoins for now and I am fine if I miss the chance if if ever happen (who knows what it could be).

I would say that there are only a few altcoins that are worth holding for a long time. Before I've tried holding my altcoins but today there are very worth it even though they become part of the top 50 and that is why holding altcoins are very risky and much better to put a stop-loss while holding them since you never know when it will pump or dump.

nakamura12

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Quote from: milewilda on December 28, 2022, 05:20:17 PM

But there are still some altcoin holders specially into those situations or scenarios that there might be some sudden pump into our bags which could possibly bring up some profits on unexpected manner.
This is why you are really still that hopeful when it comes to that and still keeps holding with your alts but on my part im not really that stressing myself on believing about those probabilities.
If ever one of those coins did make out some pumps then its either you would be able to see or notice it or simply missed out the opportunity since not all the time
you would be checking out with your bags.

That is true that there are some people who still hold altcoin for a chance to earn somr profit. Well, it's entirely their decision and it's up to them if they continue holding altcoins for that chance or not holding altcoins at this time. I am thinking that the reason where there are still some altcoin holders might be because they miss their chance before and wanted to take the chance or take the risk starting now. If that happens then I surely did miss the chance to take the chance or risk of getting profit in altcoins. I have my reasons for not holding altcoins for now and I am fine if I miss the chance if if ever happen (who knows what it could be).

milewilda

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Quote from: nakamura12 on December 28, 2022, 04:09:19 PM

Since you pointed that out then better hodl crypto that are not altcoin since most of it are starting to dump though it's price may increase if Bitcoin's price will increase drastically but as of now, I don't think that will happen yet. I guess many of crypto enthusiasts will now buy stable coins to avoid its value decreasing especially at this moment. Honestly, I am not storing any altcoins today and I prefer storing Bitcoin or a stable coin as of now.

But there are still some altcoin holders specially into those situations or scenarios that there might be some sudden pump into our bags which could possibly bring up some profits on unexpected manner.
This is why you are really still that hopeful when it comes to that and still keeps holding with your alts but on my part im not really that stressing myself on believing about those probabilities.
If ever one of those coins did make out some pumps then its either you would be able to see or notice it or simply missed out the opportunity since not all the time
you would be checking out with your bags.

nakamura12

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Since you pointed that out then better hodl crypto that are not altcoin since most of it are starting to dump though it's price may increase if Bitcoin's price will increase drastically but as of now, I don't think that will happen yet. I guess many of crypto enthusiasts will now buy stable coins to avoid its value decreasing especially at this moment. Honestly, I am not storing any altcoins today and I prefer storing Bitcoin or a stable coin as of now.

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Quote from: LogitechMouse on December 27, 2022, 01:48:11 AM

TBH, with the current bear market, I only think of Bitcoin as the coin that I want to buy. I mean we are in a bear market, and we know that if we are in a bull market, altcoins tend to give more profits to holders than Bitcoin is right? We always see altcoins that are going x5 or x10 or even x20 in a bull market.

Right, because many altcoins have small capitalization and small circulating supply, so the growth of such projects is always more rapid.

Quote from: LogitechMouse on December 27, 2022, 01:48:11 AM

What are my plans? Just accumulate Bitcoin and maybe Ethereum for the rest of the bear market. I might buy some other top altcoins as well, but I'll be focusing more on the 2 coins that I said.

Good advice, but what if the investor has a very small deposit? Buying such expensive coins on a small budget is not always profitable, and long term few people want to wait until their $500 will bring x8 profit for 3-4 years.

Marykeller

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Every time I glance at my altcoin bag, I feel like crying. I don't know if there will be a chance for the price of my altcoin to rise back to where it was before the bear market started. Although I'm going to hold onto them for the bull market. My plans are to sell any altcoins that manage to gain in value along with the price of bitcoin by that time (bull market), and to consider any that didn't to be shitcoins and remove them from my portfolio.

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Quote from: BitKongy on December 17, 2022, 01:39:13 AM

(.....)
Almost all altcoins are now making new all time low, Gala games for example look like it's going to 0.015$ after holding 0.025$ for months, I have halted my buys right now because I believe that BTC will go lower, what are you plans?

Altcoins really bleed during this kind of market. What I also observe is let's say Bitcoin dump 1% when it comes to altcoins, sometimes it is doubled or tripled when they dump.
And as you can see, if you check the overall negative price from their all-time high, most of it is altcoins that are from mid - small market caps.

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Quote from: BitKongy on December 17, 2022, 01:39:13 AM

It's starting to look like we are going to see a huge dump in the coming weeks into 2023, altcoins are in trouble as big venture capitals are selling off their holdings, and another one today is DCG

Almost all altcoins are now making new all time low, Gala games for example look like it's going to 0.015$ after holding 0.025$ for months, I have halted my buys right now because I believe that BTC will go lower, what are you plans?

Its a cycles when halvings will occur, crypto assets including Bitcoin always give big discounts to everyone. It is impossible to accurately predict the issue of an economic crisis, but taking countermeasures will minimize the losses we experience.
For a trader, 2023 is a momentum to be able to maximize opportunities in the event of a global economic crisis. As for investors, this is not a big obstacle, because they already understand which coins are more resistant to such economic shocks.

This is not a financial advice, but if you look at the Rainbow Chart, we should be in the buying period. Then we can sell BTC in October 2024 or a few months after the halving occurs

If I were a trader, I would start preparing to buy when prices are lower, at least through Q2 2023. Whereas if I were a long-term investor, I would add assets that have good strength from now on to prepare myself for 2024.

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Quote from: inthelongrun on December 26, 2022, 06:13:19 AM

Altcoins not named Ethereum and BNB are really scary during a market fallout. Altcoins that are new and are not listed on big exchanges are the most dangerous of them as they can easily get pulled down. I have a new altcoin that is not yet listed on a top 5 exchange, from my investment of around $4,000 down to like $20 in value. If only I invested it in bitcoin, I would have a quarter of a bitcoin by now. Anyways, we should always put the money we can afford to lose and DYOR seriously to avoid heart-breaking losses. I am still optimistic though that some of these altcoins can recover and a few of them can rise up to x100 during a bull market.

I feel you mate, that kind of loss is truly heartbreaking, I know because I'm also speaking from experience from the last fall-out. We know the risks of course but sometimes we chose to hope that someday, our selected altcoins will be favored and their value would be sky-rocketing but what happened was the exact opposite as it was swept by the harsh market conditions. From that point, I've learned to only invest in known coins rather than taking some huge risks from investing in these unknown coins that aren't yet making name.

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Quote from: Furious 7 on December 24, 2022, 01:18:12 PM

Quote from: Silberman on December 23, 2022, 04:35:03 PM

What happens is that as time has passed the ratio of good projects to bad projects has been reduced to almost nothing, at the beginning when this market was on its early stages it seemed to me the developers were genuine on their desire to try to create a better coin than bitcoin, however once the ico craze took place the number of those developers went down and scammers took over, and since then things have gotten even worse to the point that I would be surprised that if out of 100 coins a single one was a legitimate project.

Actually, in this case, we don't need to be surprised because sooner or later, when it's easy to make projects or coins, it's certain that something like this will happen, especially at this time, it's not too difficult to create coins with minimal capital and leave them when you've really benefited, so scammers are indeed must be rampant here.
But on the other hand, if no one really believes that it can actually be eliminated slowly, the problem is that there are still many who are still tempted by things like this and so it is very difficult to eradicate this kind of thing.

While it is impossible to eradicate those projects completely I think it is possible for their number to be reduced significantly, however since this market is still in its adoption phase and it is still growing every day we get a new batch of newbies which know nothing about investing with pockets full of money, what we need is that this market reaches a certain size and its growth becomes slower, then the remaining participants in the market will learn about those coins and ignore them, and as the money runs out those scammers will find difficult to sustain their operations as less and less people fall for their tricks.

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Quote from: BitKongy on December 17, 2022, 01:39:13 AM

Almost all altcoins are now making new all time low, Gala games for example look like it's going to 0.015$ after holding 0.025$ for months, I have halted my buys right now because I believe that BTC will go lower, what are you plans?

I put them to work thru staking. I've been doing it since last year.

TBH, with the current bear market, I only think of Bitcoin as the coin that I want to buy. I mean we are in a bear market, and we know that if we are in a bull market, altcoins tend to give more profits to holders than Bitcoin is right? We always see altcoins that are going x5 or x10 or even x20 in a bull market.

What are my plans? Just accumulate Bitcoin and maybe Ethereum for the rest of the bear market. I might buy some other top altcoins as well, but I'll be focusing more on the 2 coins that I said.

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Quote from: BitKongy on December 17, 2022, 01:39:13 AM

Almost all altcoins are now making new all time low, Gala games for example look like it's going to 0.015$ after holding 0.025$ for months, I have halted my buys right now because I believe that BTC will go lower, what are you plans?

I'm not buying altcoins right now because i'm thinking the coins in my portfolio are already enough to wait for bullish season. I'm more focus on acumulating Bitcoin, but due to this holiday season I had to take some. Well, Bitcoin is not increasing so it's not surprising to see alts plunging as well. Negative news affected the crypto market as whole, if there's no positive news going on ahead then we can assume next year will be the same and might last until the next halving. But obviously this is not certain hence just keep holding established coins.

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Maybe it is time to re-evaulate the portfolio right about now? It would be smart to check what could be surviving in the next 5 years, because if you think that something won't survive in the next 5 years then it will not be easy to continue. I am not saying that it is going to be impossible or anything, I am just saying that it would be pretty difficult to have 100% success rate with all your purchases.

So, maybe it is better to get rid of some of them and hope that some others would make some profit in the long term instead and move your assets there. This way you would know that you are holding things that will not just go up, but also be around for the long term.

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Quote from: JeffBrad12 on December 26, 2022, 05:05:08 AM

I think you just should accumulate more and more coins so that when bullish comes you gonna make good returns

Accumulating quite a lot of altcoins in a bear market is pretty risky strategy i must confess, altcoins are generally short term/pump and dump projects, and quite a lot of them wouldn't even be extant by the time the bear period is over. Having said that, i would encourage people to use this bear period to accumulate more Bitcoin into their stash/portfolio, Bitcoin is definitely going to appreciate in price once the bear market is over, and even though some altcoins would also appreciate with it, you cannot predict the ones that will, thus it is much better to buy Bitcoin now, and prolly buy altcoins when the bull run begins, that way you can buy and sell them for quick profit.

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Quote from: naira on December 26, 2022, 07:25:27 AM

For altcoins, at the moment I'm not too sure it can recover faster. Even though bearish moments can be put to good use through portfolio accumulation, in fact the top 10 coinmarketcap can be used as a benchmark. But it doesn't guarantee that anything can provide profits in a short time. let's say Ethereum and Bnb have a sizable trading volume level.

But it does not rule out the possibility that altcoins can surprise the bull market later, with the strength of the commodity and long-term investor confidence being able to raise prices even higher.

The top 10 wouldn't be an exact benchmark, it would just be a ranking that wouldn't even matter. Just an example, like LUNA which was once in the top 10 and currently LUNA is bankrupt and is giving a lot of losses to its investors. so nothing will be certain, everything has a risk. ethereum and BNB can be options but not the best, because they still have the potential to fall when Bitcoin continues its bearish run.
Buy gradually and hold, and make sure to buy Bitcoin as the main investment as your last savior.

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Quote from: TheUltraElite on December 26, 2022, 04:12:20 AM

Quote from: Psynthax on December 24, 2022, 05:58:52 PM

maybe this current moment is the right time for you in rethinking twice whether your alts bags is already good enough because honestly, there's nothing much you can do in the middle of bearish, but it's quite good time for migrating over some of your investments into the other since some of coins might sink in term of value worst than the other but they could have better potential in the long run, other than that there's no choice but just to hold the alt bags.

In the bear market, selling one altcoin to move to another asset is difficult and most bring in more losses, these decisions should be taken during the bull market where selling would lead to profits and you could use that to buy other coins.

Then again it is more on the shoulders of the investor. They might be in distress about profits or losses so they could sell and become more composed after letting go of that low performing coin.

In general altcoin bags need to be refreshed every few months whenever profits come in unrealized. Holding on to those coins leads to chances getting lost and you don't want that to happen in such a low performing market.

For altcoins, at the moment I'm not too sure it can recover faster. Even though bearish moments can be put to good use through portfolio accumulation, in fact the top 10 coinmarketcap can be used as a benchmark. But it doesn't guarantee that anything can provide profits in a short time. let's say Ethereum and Bnb have a sizable trading volume level.

But it does not rule out the possibility that altcoins can surprise the bull market later, with the strength of the commodity and long-term investor confidence being able to raise prices even higher.

Topic: What are you doing with your alt bags (Read 746 times)