What are you doing with your alt bags - page 4.

ultrloa

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Quote from: BitKongy on December 17, 2022, 02:39:13 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?

We cannot get anything anymore if we decide to dump it right away. I will just take it as a loss so that I will start yo move on from that unfortunate investment with that tokens. But will continue to hold to see if there's something good will still happen on this in future but to cover up with this I will accumulate some cheap coins to prepare for next halving we know mostly great things happen on that time.

Desmong

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The major things we can do with our altcoins now is to keep holding hoping that the market is goin to be bullish soon. I am looking at next year for a better movement and this is going to make the market to be very volatile and more of liquidity. Things is going to get better soon. We can stake our altcoins now and make so profits as the market is falling.

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Quote from: Ziskinberg on December 19, 2022, 07:19:12 AM

Quote from: ethereumhunter on December 18, 2022, 11:18:46 PM

I do nothing for the altcoins I have in my wallet. I wait for its time to rise again, even though I know it will take time. And right now, many of those altcoins are dropping in price but I'm fine. But I'm still trying to buy more for those coins that have a chance to increase again. Hopefully, some altcoins can improve so I can be as profitable again as before. Now I still want to collect more bitcoins because they are still at a reasonable price for me.

If we are long-term investors, we never have to worry about the current market situation. Indeed the best thing to do is to keep calm and hold, and never mind about the price decline. As long as we are investing in trusted and usable projects, it eventually rises when the market will recover. But with those coins that OP has, I don't think this will have a big chance to recover, yet it is just a little chance. If I have those coins, I already sell them earlier and not to wait for another crash as surely to fall hard than the others.

Tough call when you are in that side, you are expecting for a bounce back but you continue to see that the market still falling, a big nerve can hold these kind of assets but like you, if I have those inside my wallet, I check if there's still chance and there's none then I will decide with my next plan, bearish season is part of the market you needed to work with how you fully understand the situation before deciding to whatever direction you choose to bring your investment.

bitgolden

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Quote from: Ziskinberg on December 19, 2022, 07:19:12 AM

If we are long-term investors, we never have to worry about the current market situation. Indeed the best thing to do is to keep calm and hold, and never mind about the price decline. As long as we are investing in trusted and usable projects, it eventually rises when the market will recover. But with those coins that OP has, I don't think this will have a big chance to recover, yet it is just a little chance. If I have those coins, I already sell them earlier and not to wait for another crash as surely to fall hard than the others.

That has been the key to my "success" so far as well, obviously as a third world nation person my profit is lower than most peoples weekly salary in London or New York, we all know that. Those guys pay like 5k dollars per month just on rent if you look at it that way, I haven't even made 5k dollars profit so far, BUT the good news is I am working in my nation and living here so that means my profit is good enough for me.

All thanks to long term investment and ignoring the volatility. Why would I care that it is low right now, my goal is to hold it for 10 years, so what happens now doesn't matter, and I do feel the same way when it is going up as well, not care.

Maidak

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Quote from: ethereumhunter on December 18, 2022, 11:18:46 PM

I do nothing for the altcoins I have in my wallet. I wait for its time to rise again, even though I know it will take time. And right now, many of those altcoins are dropping in price but I'm fine. But I'm still trying to buy more for those coins that have a chance to increase again. Hopefully, some altcoins can improve so I can be as profitable again as before. Now I still want to collect more bitcoins because they are still at a reasonable price for me.

We have no choice but to hold as any altcoin is currently down 80%-90% in value, selling now is pointless. And I doubt our altcoins, whether they will recover or not, is still a question, as not every coin can recover and reach ATH like bitcoin or ethereum. I think you should stop DCA for altcoins, it would be better to just focus on bitcoin, with a lot of altcoins crashing, I don't think altcoins should be trusted at the moment.

tygeade

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Quote from: Captain Corporate on December 17, 2022, 05:06:37 PM

I hold them to be fair. I have some that are gone like literally gone to cents from hundreds of dollars and I have absolutely no hope that they would recover, they are just zero in my eye, but what am I supposed to get from selling something for 3 cents, I mean that doesn't even cover the transaction fee so isn't it normal to just keep them.

This reflects exact my stand on my altcoin hoarding. Honestly we do not have any other option except keep holding even we do not have any belief about good returns out of initial investments. Waves and ada are good example here trading below with more than 80% down from their ATH price levels. But, these are the coins I personally believe about bouncing back to get me massive profits if we keep accumulating some more at current prices.

Quote from: fullhdpixel on December 19, 2022, 04:49:02 AM

Once you decided about DCA then you may go investing for 10% of your capital each week till the end of first quarter of 2023. DCA is a weapon to help you for NOT missing out bottom. No one could invest their all 100% capital at exact bottom but everyone can catch bottom for some of their capital through DCA.

Most crypto investors are deciding to invest more during the bullish market and in bear market they do keep waiting for more cheaper prices even their TA indicates about right time and price to buy. So, DCA is only on theoretical; in reality buying is being decided on FOMO.

Ziskinberg

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Quote from: ethereumhunter on December 18, 2022, 11:18:46 PM

I do nothing for the altcoins I have in my wallet. I wait for its time to rise again, even though I know it will take time. And right now, many of those altcoins are dropping in price but I'm fine. But I'm still trying to buy more for those coins that have a chance to increase again. Hopefully, some altcoins can improve so I can be as profitable again as before. Now I still want to collect more bitcoins because they are still at a reasonable price for me.

If we are long-term investors, we never have to worry about the current market situation. Indeed the best thing to do is to keep calm and hold, and never mind about the price decline. As long as we are investing in trusted and usable projects, it eventually rises when the market will recover. But with those coins that OP has, I don't think this will have a big chance to recover, yet it is just a little chance. If I have those coins, I already sell them earlier and not to wait for another crash as surely to fall hard than the others.

fuguebtc

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Quote from: Bitstar_coin on December 17, 2022, 07:43:27 AM

What else can you do at this point than to hold, the whole market is bleeding so there is nothing much to do imo, except the person want to sell at a loss which is not a good idea if you ask me.
Btc is not looking any good and is taking other coins down as well, holding your bags is the safest way to get past this difficult period.

Besides holding, I think we need to do one more thing that is equally important: stop buying altcoins, investing in altcoins at this point is too risky and not worth the risk. If we continue to believe bitcoin will fall further, then altcoins will fall even more, and if we buy now our losses will increase further.
I also have some altcoins in my bag, but I stopped buying more and stopped DCA with the alts I bought before, I'm just focusing on bitcoin for now.

fullhdpixel

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Quote from: ethereumhunter on December 18, 2022, 11:18:46 PM

I'm still trying to buy more for those coins that have a chance to increase again. Hopefully, some altcoins can improve so I can be as profitable again as before. Now I still want to collect more bitcoins because they are still at a reasonable price for me.

When are confident about the technology and business behind some altcoin and that altcoin is falling down, we do not have any other option except buying more to average to get better benefits in long run. Investing into bitcoin at this bottom of bearish market must be a wise decision on my opinion; I appreciate that but for buying altcoin at bottom prices needs lots of cautious. So, diversifying your altcoin bag will help among these highly unpredictable altcoins.

Quote from: LastKiss on December 19, 2022, 04:43:51 AM

going to DCA but right now I want to see the next month in January. Maybe we can see another bottom in Q1 2023 but no one knows or right now is the bottom for all cryptocurrencies.

Once you decided about DCA then you may go investing for 10% of your capital each week till the end of first quarter of 2023. DCA is a weapon to help you for NOT missing out bottom. No one could invest their all 100% capital at exact bottom but everyone can catch bottom for some of their capital through DCA.

LastKiss

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Quote from: BitKongy on December 17, 2022, 02:39:13 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?

Well, I'm the same, going to DCA but right now I want to see the next month in January. Maybe we can see another bottom in Q1 2023 but no one knows or right now is the bottom for all cryptocurrencies. There are a lot of negative conditions from external like recession in the next year, FUD over Binance, crisis energy, and many more.

ethereumhunter

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I do nothing for the altcoins I have in my wallet. I wait for its time to rise again, even though I know it will take time. And right now, many of those altcoins are dropping in price but I'm fine. But I'm still trying to buy more for those coins that have a chance to increase again. Hopefully, some altcoins can improve so I can be as profitable again as before. Now I still want to collect more bitcoins because they are still at a reasonable price for me.

sulendra12

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Quote from: BitKongy on December 17, 2022, 02:39:13 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?

Bitcoin is going lower and lower because we are in bearish market right now. Most of the altcoins are going down because usually it's following Bitcoin's price mostly. At least if you don't need emergency funds and would like to take a risk then would be better to just hold it. Otherwise, you can cut losses the loss and wait until the price is most likely "stable" for bit longer.

ThemePen

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Mostly altcoins go up and down with Bitcoin's up and down. When the Bitcoin was on all time high the altcoins also touch the All time high.
By the way I don't trust on any altcoin I mostly prefer Bitcoin. I believe in Bitcoin. I think Bitcoin will never disappoint us. If we hold tight.

Oasisman

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Quote from: BitKongy on December 17, 2022, 02:39:13 AM

I have halted my buys right now because I believe that BTC will go lower, what are you plans?

You sure bout that? Coz Bitcoin does not follow alts trend, but it is the other way around.
We're not even sure which alts are sustainable and which will just gradually die down after not being able to recover the bear market.
Now, you should indeed halt in buying unreliable alts and fill your Btc bag.

Scripture

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Quote from: asriloni on December 17, 2022, 06:05:03 PM

there's nothing much that you can do in such trend other than just holding your coin until it will rise in value again, it's indeed the future of alts in general still seems grim, the current trend might be well getting prolonged due to many things like economic crisis, right now the stock market is also in such difficult situation, cryptocurrency is the same, but surely for anyone with money they could easily make some accumulation and get immediate returns once the trend is changing.

Either you hold or sell those tokens because not all altcoins are worth to hold, you still need to choose the best. You can also increase your holding by buying more which is I’m doing right now, top altcoins are pretty cheap this is a good opportunity so better grab it. This bear trend might stay longer, those who prepared for this will win in the future, this is not the end yet for altcoins so don’t panic about the fud.

Yatsan

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Quote from: jossiel on December 18, 2022, 12:30:40 PM

Quote from: BitKongy on December 17, 2022, 02:39:13 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

https://i.imgur.com/riSRcRT.jpeg

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 do nothing.

I've got no feelings anymore on these drops that we're seeing because there is nothing we can do to stop it. So, I just let it go, whether it goes up or not, then that's it.

Quote from: BitKongy on December 17, 2022, 02:39:13 AM

I have halted my buys right now because I believe that BTC will go lower, what are you plans?

Then start buying when you see the lows of it so that you'll be able to accumulate a lot.

Well you could do something if you're really that eager to profit such as moving from one altcoin to another which would be more profitable, just if you'd like to. There are just investors which do not move their asset around and that's just fine. On my end, I tend to move around the cryptospace. The only risk is to make your losses bigger if you'd come across with a worse token. Market downfall is obvious and it is just a matter of trial and errors if you'd do the same thing as mine. Just sharing.

Quote from: abel1337 on December 18, 2022, 01:07:58 PM

Quote from: Jackl87 on December 17, 2022, 06:17:19 PM

Quote from: BitKongy on December 17, 2022, 02:39:13 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?

I don't really looke at my portfolio value anymore at the moment, that is just to depressing for me lul. It as already down like 95% in comparion to it's ATH from back in may 2021, even before all that stuff with Terra, FTX and now Binance happened and now it is even way lower than that. I will just keep hodling my altcoins because it would just feel wrong to sell them now after i have held them for so long all the way down. To sell now would mean i would realize those losses or to throw away that potential profits.
I am pretty relaxed though as i only have small amounts into crypto and that is only money that i can afford to lose without any impact on my daily life.

That's the best you can do. Selling at a 95% loss isn't worth it given that you will only receive a pinch of your investment. I have the same scenario during the 2018 bear market but I had sold my assets that time even I know it isn't worth it, The result is I regretted my decision and decided to just don't touch any coins that has lost 90% of value over the buying price. That's a good way of managing your funds. As long as you have money for survival, you won't be force to sell at a loss. I learned it the hard way.

I agree. On such cases, it would be better to just be firm with your investment. Unless there are no chances for a recovery (you decide). There are 'dead tokens' in this industry which does not move even during bullish trend. If you have this kind of investment, it would be better to choose liquidation to free your mind from it. But if you could just set the amount aside, you may just also keep it as some sort of additional asset.

abel1337

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Quote from: Jackl87 on December 17, 2022, 06:17:19 PM

Quote from: BitKongy on December 17, 2022, 02:39:13 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?

I don't really looke at my portfolio value anymore at the moment, that is just to depressing for me lul. It as already down like 95% in comparion to it's ATH from back in may 2021, even before all that stuff with Terra, FTX and now Binance happened and now it is even way lower than that. I will just keep hodling my altcoins because it would just feel wrong to sell them now after i have held them for so long all the way down. To sell now would mean i would realize those losses or to throw away that potential profits.
I am pretty relaxed though as i only have small amounts into crypto and that is only money that i can afford to lose without any impact on my daily life.

That's the best you can do. Selling at a 95% loss isn't worth it given that you will only receive a pinch of your investment. I have the same scenario during the 2018 bear market but I had sold my assets that time even I know it isn't worth it, The result is I regretted my decision and decided to just don't touch any coins that has lost 90% of value over the buying price. That's a good way of managing your funds. As long as you have money for survival, you won't be force to sell at a loss. I learned it the hard way.

jossiel

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Quote from: BitKongy on December 17, 2022, 02:39:13 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

https://i.imgur.com/riSRcRT.jpeg

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 do nothing.

I've got no feelings anymore on these drops that we're seeing because there is nothing we can do to stop it. So, I just let it go, whether it goes up or not, then that's it.

Quote from: BitKongy on December 17, 2022, 02:39:13 AM

I have halted my buys right now because I believe that BTC will go lower, what are you plans?

Then start buying when you see the lows of it so that you'll be able to accumulate a lot.

Jackl87

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Quote from: BitKongy on December 17, 2022, 02:39:13 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?

I don't really looke at my portfolio value anymore at the moment, that is just to depressing for me lul. It as already down like 95% in comparion to it's ATH from back in may 2021, even before all that stuff with Terra, FTX and now Binance happened and now it is even way lower than that. I will just keep hodling my altcoins because it would just feel wrong to sell them now after i have held them for so long all the way down. To sell now would mean i would realize those losses or to throw away that potential profits.
I am pretty relaxed though as i only have small amounts into crypto and that is only money that i can afford to lose without any impact on my daily life.

asriloni

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there's nothing much that you can do in such trend other than just holding your coin until it will rise in value again, it's indeed the future of alts in general still seems grim, the current trend might be well getting prolonged due to many things like economic crisis, right now the stock market is also in such difficult situation, cryptocurrency is the same, but surely for anyone with money they could easily make some accumulation and get immediate returns once the trend is changing.

Topic: What are you doing with your alt bags - page 4. (Read 703 times)