What happens to altcoins ? - page 4.

Zigabel

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Quote from: FireDAOJackie_Z on May 26, 2023, 09:50:46 PM

Well, I bought some fractions of Bitcoin at the price of $30K, ETH at $2,100 but unfortunately they have been going downward since then. The bearish trend in the whole market is still prevailing, which greatly impacts on coin prices. Despite the bear market, Bitcoin is still holding on its ground with its price not fluctuating over the top. However, the altcoins are becoming more volatile than before and I begin to doubt whether investing in altcoins is a wise choice. Did you invest in altcoins ? What do you think of the current altcoin market ? Please let me know.

The price going down ever since after you bought them does not indicate they it was a bad investment, if you understand market dynamic especially with cryptocurrency you will understand better that this can be considered a norm for coins to first drop price and later go up again even Bitcoin does this but Bitcoin do have a cumulative upward movement regardless of the dropping at some point.

It's only a matter of patience, if you can be patience enough to allow price move in your direction then soon you will turn out profitable. Most time it's better to do these investment in the long term before concluding if they turned out good or bad because short term doesn't most often

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The altcoin market is currently in a good trend. For those of you who have bought several altcoins at that time and are still holding them until now, now you can get a satisfying profit because the prices of several altcoins such as ETH are now above $2k. Even though the increase in altcoin prices is not as significant as BTC, rest assured that soon the altcoin market will pump again and even have the potential to reach a new ATH level.

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Quote from: oktana on November 25, 2023, 07:37:18 PM

I hope you completely understand that the Bitcoin halving doesn’t necessarily mean a bull run? I’ve seen this ideology in numerous threads and I hope you all learn and admit the truth while it’s still early; Bitcoin halving is meant to reduce the rewards miners get by half, nothing more nothing less. As you can see, that doesn’t have any direct relation to the price of Bitcoin in general and if the price goes up at around that time, just understand it’s the hype that’s working and not the halving.

Yeah, I know what the halving literally mean, but due to history occurrence we are hoping same also happens to this halving, after the halving comes bull run, and that's our expectation, I don't care if history repeats itself or not, all I know is, its better to buy more now, so you won't regret later. Besides even if we do not experience the bull run, you are still going to be fine, and you've added to your bitcoin portfolio. Even if it just literally the term used for reducing the mining reward into half, we have experienced it acting like a catalyst to the bull run, so yeah I get your point, most time when we do use the word halving it might sound as if we are saying it's the bull run itself, and this might be confusing to some newbies, so my apologise, if i might have mislead someone in thinking the halving is the bull run.

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Quote from: oktana on November 25, 2023, 07:37:18 PM

Quote from: Makus on November 25, 2023, 10:55:31 AM

Quote from: oktana on November 24, 2023, 06:16:06 PM

When it’s bearrish every coin suffers it and not just the top ones, and when it’s bullish, we’ll see the same effect. At least in your case it’s BTC and Eth you bought, so there’s nothing to fear. It’ll all go green eventually, but only those who are patient enough will be there to enjoy and reap the benefits. Your post has been over 6 months and I don’t know if you still hodl your investment, but if you do, hold on to it. The patient dog eats the fastest bone.

Solid advice mate, for sure its only those who hold that'll reap the profit when the market goes bearish after the halving event takes place, so I wouldn't recommend any one to click the sell button, especially now that we are so close to experiencing a life transformation event. So I'll recommend all captains and sailors to hold strong Cool

in this journey of cryptocurrency.

In every successful outcome, there are always sacrifices to be made, and that of crypto requires you to hold for long term to obtain a quality profit. It might seem tempting to temper with our holdings, but that's the main reason we were advised to have a paying job before entering into crypto holding.

I hope you completely understand that the Bitcoin halving doesn’t necessarily mean a bull run? I’ve seen this ideology in numerous threads and I hope you all learn and admit the truth while it’s still early; Bitcoin halving is meant to reduce the rewards miners get by half, nothing more nothing less. As you can see, that doesn’t have any direct relation to the price of Bitcoin in general and if the price goes up at around that time, just understand it’s the hype that’s working and not the halving.

thanks for this clarification

everyone expects a bull run right by the time halving and because of this everyone thinks halving is the direct cause for a bull run the bull run usually occurs a few months after the halving not immediately after it

halving is an event wherein the supply entering the market is reduced
with a lesser supply while the demand is still the same which might be the cause for some price changes
during this time is when people start to see and take interest in the growing value of btc which will definitely spark a bull run

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Quote from: FireDAOJackie_Z on May 26, 2023, 09:50:46 PM

Well, I bought some fractions of Bitcoin at the price of $30K, ETH at $2,100 but unfortunately they have been going downward since then. The bearish trend in the whole market is still prevailing, which greatly impacts on coin prices. Despite the bear market, Bitcoin is still holding on its ground with its price not fluctuating over the top. However, the altcoins are becoming more volatile than before and I begin to doubt whether investing in altcoins is a wise choice.

Did you invest in altcoins ? What do you think of the current altcoin market ? Please let me know.

Yes, I invest in altcoins.

Nonetheless, the only issue I could sense here is that you do not know the market you invested in but nevertheless still made the investment, this is bad. You wouldn't have asked such a question with an obvious answer if you knew it. Bitcoin's size is so large already, and for this, what it would shed when falling can't be as grievous as what altcoins would share.

Ethereum is an altcoin too but has a somewhat better large size compared to other altcoins, so we can relate it with Bitcoin as well, their large size is an advantage for them when they are falling, mind you, a disadvantage when they are buying. This is where the advantage of the altcoins comes in, they fall more just as they rise more, so when you are losing with your investment, you should not panic but pray and hope that they soon start buying, just like how they are doing now.

In other words, you lose more in altcoin depreciation and gain more in their appreciation, the choice is yours. Also, try to learn how to read the market, this will save you from panic as to know when to invest and divest.

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Quote from: Makus on November 25, 2023, 10:55:31 AM

Quote from: oktana on November 24, 2023, 06:16:06 PM

When it’s bearrish every coin suffers it and not just the top ones, and when it’s bullish, we’ll see the same effect. At least in your case it’s BTC and Eth you bought, so there’s nothing to fear. It’ll all go green eventually, but only those who are patient enough will be there to enjoy and reap the benefits. Your post has been over 6 months and I don’t know if you still hodl your investment, but if you do, hold on to it. The patient dog eats the fastest bone.

Solid advice mate, for sure its only those who hold that'll reap the profit when the market goes bearish after the halving event takes place, so I wouldn't recommend any one to click the sell button, especially now that we are so close to experiencing a life transformation event. So I'll recommend all captains and sailors to hold strong Cool

in this journey of cryptocurrency.

In every successful outcome, there are always sacrifices to be made, and that of crypto requires you to hold for long term to obtain a quality profit. It might seem tempting to temper with our holdings, but that's the main reason we were advised to have a paying job before entering into crypto holding.

I hope you completely understand that the Bitcoin halving doesn’t necessarily mean a bull run? I’ve seen this ideology in numerous threads and I hope you all learn and admit the truth while it’s still early; Bitcoin halving is meant to reduce the rewards miners get by half, nothing more nothing less. As you can see, that doesn’t have any direct relation to the price of Bitcoin in general and if the price goes up at around that time, just understand it’s the hype that’s working and not the halving.

Makus

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Quote from: oktana on November 24, 2023, 06:16:06 PM

When it’s bearrish every coin suffers it and not just the top ones, and when it’s bullish, we’ll see the same effect. At least in your case it’s BTC and Eth you bought, so there’s nothing to fear. It’ll all go green eventually, but only those who are patient enough will be there to enjoy and reap the benefits. Your post has been over 6 months and I don’t know if you still hodl your investment, but if you do, hold on to it. The patient dog eats the fastest bone.

Solid advice mate, for sure its only those who hold that'll reap the profit when the market goes bearish after the halving event takes place, so I wouldn't recommend any one to click the sell button, especially now that we are so close to experiencing a life transformation event. So I'll recommend all captains and sailors to hold strong Cool

in this journey of cryptocurrency.

In every successful outcome, there are always sacrifices to be made, and that of crypto requires you to hold for long term to obtain a quality profit. It might seem tempting to temper with our holdings, but that's the main reason we were advised to have a paying job before entering into crypto holding.

johnsaributua

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Quote from: Makus on November 23, 2023, 12:28:12 PM

Quote from: siniminomorocomunisakito on November 23, 2023, 10:10:42 AM

That's right, if you already have BTC, why bother switching to altcoins? It also seems tempting with speculators trying to sell some BTC and pump altcoins. What you have to remember is that up is fast and down is also fast. but it also depends on the person. and Altcoins always wait for BTC of course to move up even if it doesn't happen simultaneously.

Absolutely correct, there are some altcoins out there which their price movement is tired to that of bitcoin. Reason being that, before you buy some of this coin you have to buy bitcoin first and then swap to those coins, and before you can sell you have to still swap to Bitcoin before selling for fiat, so Bitcoin seem to act as a mediator for their transactions. So why border selling or swaping some bitcoin to buy those copy coins, its better to just leave your bitcoin portfolio than to sell some of if, most especially this halving period. However is better to add to your bitcoin portfolio now than to sell.

Yes it is an interesting option bro, because we don't know the exact time that bitcoin and altcoins will return to ATH, if we are all guided by bitcoin, of course altcoins have followed the current trend of one of the current bearish, the deal when whales sell bitcoin for news and fud reasons, almost every few months there is news that affects the price which leads to the exchange of bitcoin and altcoins to the market. But they can come anytime at will even without big news or just to record the existence of coin ownership Cheesy

It is better to hold cheap prices or add, than to buy bitcoin and altcoins tomorrow which are potentially more expensive than today.

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Quote from: Samlucky O on November 23, 2023, 08:19:07 PM

Quote from: FireDAOJackie_Z on May 26, 2023, 09:50:46 PM

Well, I bought some fractions of Bitcoin at the price of $30K, ETH at $2,100 but unfortunately they have been going downward since then. The bearish trend in the whole market is still prevailing, which greatly impacts on coin prices. Despite the bear market, Bitcoin is still holding on its ground with its price not fluctuating over the top. However, the altcoins are becoming more volatile than before and I begin to doubt whether investing in altcoins is a wise choice. Did you invest in altcoins ? What do you think of the current altcoin market ? Please let me know.

It has been said on different occasions that altcoin are alternative to bitcoin, and has a lesser features compeard to bitcoin. But however altcoin for some years now has been of help and has also make waves. it might not be all but few. Altcoins growth is always determined by the growth of bitcoin which means whatever happens to bitcoin also happen to altcoin. If bitcoin increase by %4 altcoin will increase by%8 that is to tell you how connected they are and with this I think investing in this season will be good but always bear it in mind that altcoin are like gambling which requires you to use your spear money.

A lot of altcoins come after Bitcoin, but their relationship is more complicated than that. They are linked, but that doesnt always mean growth in the same amount. Think about how altcoins could go up or down 8% when Bitcoin goes up 4%. Why? While Bitcoin has an effect on altcoins, their communities and technologies also have an effect.

Investing in altcoins is risky and needs good time and knowledge. It is possible to get high profits, but there is always risk. Like your analogy, gambling includes planned risks and turns that you didnt see coming. Diversification is important. Spread out your capital. Its not just Bitcoin or altcoins; its about having a diverse portfolio that can handle changes in the market.

Bitcoin, which was the first, is safer. The measure by which other people are judged. Altcoins might be risky, but they can make you more money. Bitcoin's path is easier to predict because it is stable and has a big share of the market.

oktana

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When it’s bearrish every coin suffers it and not just the top ones, and when it’s bullish, we’ll see the same effect. At least in your case it’s BTC and Eth you bought, so there’s nothing to fear. It’ll all go green eventually, but only those who are patient enough will be there to enjoy and reap the benefits. Your post has been over 6 months and I don’t know if you still hodl your investment, but if you do, hold on to it. The patient dog eats the fastest bone.

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Quote from: Justin999 on November 24, 2023, 03:21:12 PM

You just need to be patient and let your investment on hold for next bull. If you didn't sell already, then you are in profit now. There are many faces of crypto market. Sometimes market pump, sometime market dump and those are natural movement for crypto market. altcoins could be dump as for natural rules and You just need to not get upset but keep waiting for perfect time to come in.

The heavy dumps doesn't affect us because we have thoroughly mapped the market and knows were the market is heading specifially in bear season. Crypto market do crashes beyond expectations, that we should learn to adapt because the system is fill with volatility and we don't have enough time than settle for the present projects available, that brings alternatives for other projects that's promising and available at that particular moment. Altcoins do dump and pump in all seasons, perhaps some selected altcoins do make high bull runs that are very important for the specified projects.

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Quote from: nimogsm on November 22, 2023, 07:42:00 AM

This is a fairly standard situation for the crypto market. Such questions are most often asked by newcomers who have just entered this industry. and that's absolutely normal. Most often this happens from a lack of understanding why the market is going down when the user wanted to quickly make a profit. A simple example is a bnb drop of -10% per

I think in the case of Altcoins which most people know as a pump and dump currency is what brings panicking into it's investors. Provided that most investors have been left into regret after investing in some Altcoins is enough to create panic where investors are willing to sell out there investment even below their entry price as soon as the price begins to decline, some even tend to withdraw their funds as soon as they make little profit from it, there is always this fobia of loosing everything because if an Altcoins should dumb, it is very hard for it to make ATH just like the way Bitcoin does.

Quote from: Ben Barubal on November 23, 2023, 11:07:07 AM

Sure, I have a few altcoins that I do DCA with. I don't see any problem at what price you buy Bitcoin or altcoins as long as
you do long-term holdings.

But if you do short-term trading, you will face quite a lot there; there are frustrations, failures, wrong decisions, and wrong predictions. In short, it is complicated, especially if you are not that deep in trading skills. Unlike long-term holdings, what you will do.

I don't see any reason why I should DCA Altcoins, that is the worst strategy ever and not sufficient for accumulating any Altcoins.
It might be of personal decision but I personally and won't even advise to use DCA to accumulate Altcoins instead I go for Bitcoin because it is for the long term, altcoins have shorter duration than Bitcoin when holding so if you want to make quick profit buy Altcoins then if you are ready for the long term buy Bitcoin

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You just need to be patient and let your investment on hold for next bull. If you didn't sell already, then you are in profit now. There are many faces of crypto market. Sometimes market pump, sometime market dump and those are natural movement for crypto market. altcoins could be dump as for natural rules and You just need to not get upset but keep waiting for perfect time to come in.

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Quote from: nimogsm on November 22, 2023, 07:42:00 AM

This is a fairly standard situation for the crypto market. Such questions are most often asked by newcomers who have just entered this industry. and that's absolutely normal. Most often this happens from a lack of understanding why the market is going down when the user wanted to quickly make a profit. A simple example is a bnb drop of -10% per day.

Newbies and their expectations with the market is a long tale and it's something that will always exist. They enter the market and expect to start getting profits right after making their first investment that too without gaining any knowledge and information about the market or trading practices so that they can make trade more efficiently, and once the market declines a little bit, they start panicking very badly and start thinking that they are going to lose their money now.

This mindset is the reason behind weak hands and people panic selling in critical situations because they lack the basic knowledge and patience that is required for someone to keep holding through hard times so that they don't incur losses for short-term drops since the market eventually recovers.

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Quote from: FireDAOJackie_Z on May 26, 2023, 09:50:46 PM

Well, I bought some fractions of Bitcoin at the price of $30K, ETH at $2,100 but unfortunately they have been going downward since then. The bearish trend in the whole market is still prevailing, which greatly impacts on coin prices. Despite the bear market, Bitcoin is still holding on its ground with its price not fluctuating over the top. However, the altcoins are becoming more volatile than before and I begin to doubt whether investing in altcoins is a wise choice. Did you invest in altcoins ? What do you think of the current altcoin market ? Please let me know.

It has been said on different occasions that altcoin are alternative to bitcoin, and has a lesser features compeard to bitcoin. But however altcoin for some years now has been of help and has also make waves. it might not be all but few. Altcoins growth is always determined by the growth of bitcoin which means whatever happens to bitcoin also happen to altcoin. If bitcoin increase by %4 altcoin will increase by%8 that is to tell you how connected they are and with this I think investing in this season will be good but always bear it in mind that altcoin are like gambling which requires you to use your spear money.

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Quote from: FireDAOJackie_Z on May 26, 2023, 09:50:46 PM

Well, I bought some fractions of Bitcoin at the price of $30K, ETH at $2,100 but unfortunately they have been going downward since then. The bearish trend in the whole market is still prevailing, which greatly impacts on coin prices. Despite the bear market, Bitcoin is still holding on its ground with its price not fluctuating over the top. However, the altcoins are becoming more volatile than before and I begin to doubt whether investing in altcoins is a wise choice. Did you invest in altcoins ? What do you think of the current altcoin market ? Please let me know.

That's crypto for you. I know this is an older thread but in downtrend alts are volatile and even in uptrend they are very volatile l. If you can't handle the swings then I think you need to step away from crypto. Bitcoin for sure is your safest bet amd sounds like the place you want to park your stash at.

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We may be close to the bull run, if the price of bitcoin is stable, we can roughly say that the altcoin moving will be seen, so we may have to be patient for some time.

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How to profit if you don't invest in altcoins? If you only want to get profit from bitcoin then it is better not to discuss further because bitcoin is one of the best risk free and best way for long time investment. Moreover, you are already in profit so how far you can go by holding in the next step is your own discretion. Yes I have invested in altcoins and already I am hoping to get a bull run from altcoins so I may have to be very patient.

Makus

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Quote from: siniminomorocomunisakito on November 23, 2023, 10:10:42 AM

That's right, if you already have BTC, why bother switching to altcoins? It also seems tempting with speculators trying to sell some BTC and pump altcoins. What you have to remember is that up is fast and down is also fast. but it also depends on the person. and Altcoins always wait for BTC of course to move up even if it doesn't happen simultaneously.

Absolutely correct, there are some altcoins out there which their price movement is tired to that of bitcoin. Reason being that, before you buy some of this coin you have to buy bitcoin first and then swap to those coins, and before you can sell you have to still swap to Bitcoin before selling for fiat, so Bitcoin seem to act as a mediator for their transactions. So why border selling or swaping some bitcoin to buy those copy coins, its better to just leave your bitcoin portfolio than to sell some of if, most especially this halving period. However is better to add to your bitcoin portfolio now than to sell.

Ben Barubal

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Quote from: FireDAOJackie_Z on May 26, 2023, 09:50:46 PM

Well, I bought some fractions of Bitcoin at the price of $30K, ETH at $2,100 but unfortunately they have been going downward since then. The bearish trend in the whole market is still prevailing, which greatly impacts on coin prices. Despite the bear market, Bitcoin is still holding on its ground with its price not fluctuating over the top. However, the altcoins are becoming more volatile than before and I begin to doubt whether investing in altcoins is a wise choice. Did you invest in altcoins ? What do you think of the current altcoin market ? Please let me know.

Sure, I have a few altcoins that I do DCA with. I don't see any problem at what price you buy Bitcoin or altcoins as long as
you do long-term holdings.

But if you do short-term trading, you will face quite a lot there; there are frustrations, failures, wrong decisions, and wrong predictions. In short, it is complicated, especially if you are not that deep in trading skills. Unlike long-term holdings, what you will do

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