Topic: What would you do? | Is this the end of inflated markets? - page 2. (Read 444 times)

You just bought at the wrong time, the market despite the correction that we experimented has also rebounded, this is good, if a crash was coming we would not have seen such a fast response, it is obvious there is a lot of interest coming from big investors and they are not letting go of the pressure to keep making the price to go up.

At the end it is is your decision but if it as up to me I would keep holding my coins, this is especially true if you do not really need that money for your everyday live as sooner or later you will be in profits if you keep holding those coins.

The whole market is in the red. If you bought BTC or almost any other coin, not counting Cardano, BAT and maybe a handful of other coins, you'd suffer a loss to fiat.


He made the wrong decision again when he posted about ETH in bitcoin discussion.
I don't believe ETH is an inflated market at this time since it's the most popular chain upon which other coins are built. In this market the important features are scarcity and utility. Bitcoin is the most popular scarce coin and ethereum the most popular utility coin. I'm sure that if Bitcoin continues to gain value (and it will) ETH will follow.

Definitely, it's still money that can be withdrawn, used to make purchases, reinvest and so on. However, it's not money I have invested from my own salary, that would bother me more, but if we put things into perspective, it's the same thing, money.

I also regret buying Ethereum instead of Bitcoin, don't get me wrong, it's the second cryptocurrency in CoinMarketCap, however, Bitcoin looks like a much safer option.

I suggest you think about the situation this way:

Pretend you cashed out right now. Would you still put your money into ETH? Why or why not? - if you don't have an answer to this question in my opinion you should sell your ETH and re-assess the situation. Don't base your decisions on what other people are saying. You bear the sole responsibility over your money and therefore you should be the one making the decision.

There is no future in Altcoin,
Don't you see the alt market is crushed when Bitcoin market dumping a little, and most of the Altcoin won't able to recover back though Bitcoin recovered.
Only fools are investing in Altcoin, where Bitcoin gives 5x or even 10x safe profit.
For alt I don't know what your future holds, But if you invest in Bitcoin now then it is sure it will go back to new ATH soon,
Most of the investor's initial main target is 100K for Bitcoin though it will go over 100K.

Buy low, sell high. It's a simple rule, and yet people often make the mistake of violating it. In the previous bull market, I made the same mistake and bought Ripple at $3 per coin or something. This time, I just keep calm and do whatever I feel like doing with BTC (either hodl or sell), but I don't buy more, and I don't invest in altcoins. Selling now would definitely mean losing money in your case, but not selling might mean that the value will go down even more and be like that for a while. Hodl if you're willing to wait for a few years for profit, but it's always a risk with cryptos, especially if you buy at ATH.

i disagree.
news does influence the market but not by as much as you would think. for example if you ignore the Elon Musk tweets recently and only focus 100% on the chart then compare the price movement that we had in the past 2 or 3 weeks with any price movement in similar situations that we had over the past 10 years you can see that there is a clear pattern that is being repeated regardless of some news.

I don't think anyone is fond of the idea of losing their money. You still paid basically for the amounts you've received: paid with time for signatures and paid electricity for mining. The idea is, as long as you spend your time and resources to accumulate coins, you should have already acknowledged and agreed that all of that money is and investment and you are at a risk of loss. If you can't accept the risk of loss, then the best thing you can do is get a job since that's the only method of earning a buck posing the least risks.

If you think the prices are going to dump even further for now, then either sell everything and wait for the dump or keep purchasing as the dump happens. I would personally choose the second variant, since selling everything is imo a bigger risk: what if it goes back up and I have zero coins left?.

But again, just follow your gut feelings and keep reading. Create your own view, your own opinion and follow it. The more you read, the better and closer to the truth your gut feelings will be. Going emotional during dumps (or pumps) has devastating results most of the time.

Elon Musk company has already bought Bitcoin. He is interested in price growing. But I agree with you because news too much influence to the price of cryptocurrency it is very unpredictable.

Are you new in the crypto game? Such falls happened regularly and in every pump there much surely be every dump, coins can't be steadily rising, if you think that's how it works then you are wrong, basically, the bullrun of 2017 takes a longer time of three years before the market recovers back to the new ATH, do you think investors that bought at 20k in 2017 sells off other coin? Some patiently hodl while buying more, those that sold is at great lost today.
To point is that, inflation and deflation works hand in hand, so irrespective of how market goes against you, it must recover back for your profits but the time may be too tiring.  Therefore, we are not in a bearish market so every coins falling is corrections, give it some time to detect the support point after all.

Hold, bitcoin and ethereum that's one of the coins out there with very strong fundamentals and very strong community. I understand few don't favour ethereum due to its little bit of centralization attributes but it's one of the project out there truly contributing to the growth of the industry. We have dApp and smart contract bringing alot of innovative and that's all because of ethereum.

Don't get distracted by all the so called ethereum killers as they'll come and go, ethereum developers is constantly working on improving her blockchain just as bitcoin is, the fees are outrageous now but with time new innovation will be deployed to combat that therefore it's worth holding, remember it took almost three years last time for it's all time high to be crossed but if finally did, time won't be any different.

I think this will have many different directions, and in this situation.  seems to be considered because the gap between BTC and the rest of the altcoin on the market is only 1/3.  While the bitcoin market cap at ATH is 1000 billion, the total altcoin is 750 billion.  The fact that bitcoin is run by the bulls makes it absorb market share from invisible pushes. https://news.bitcoin.com/btc-balance-sheets-42-companies-hold-1-3-million-bitcoin-worth-more-than-65-billion/
I don't know at what price did you buy ??  At the red fire last week.  i had surfed earlier at $ 1k8 and now i redeem at $ 1k4.
ETH is much awaited this year for ETH 2.0, some have pumped into BSC and left ETH.  I think they will pay the price.

What we all have to understand is that crypto is an asset with a volatile price, so if you buy Ethereum and the price falls, don't sell your Ethereum
at a low price. It is true that yesterday almost all coins fell quite significantly, and some investors panicked and made a cutloss. But for those who
are patient, now the crypto market is starting to recover and some coins are starting to rise again in price,  including the price of Ethereum starting
to rise again. So if you see a market dump, still HOLD coins you have. Because as long as you invest in potential coins like Bitcoin and Ethereum.
I'm sure the price will recover soon, because as long as we don't sell the coins we have at a low price, then we haven't lost yet.

The general rule of thumb is always buy the dip, You cant blame the cryptomarket for being instable and very volatile when you go on a fomo frenzy and buy at all time high.

Its not looking very good for ETH right now i would say,If you really need the money you can sell some of it (to potentially cut your loses too)

News influence too much for Bitcoin price. For example after each twitter of Elon Musk price of Bitcoin change. Just example - https://dailycoin.com/elon-musk-bitcoin-less-dumb-than-cash/

I know that you are in the most tough time right now. It is hard to be patient when the market start to fall significantly.

My advice is to continue holding. You are having 2nd largest cryptocurrency on the Internet and therefore, it is no need to sell off everything. I believe that ethereum will soon bounce back to $2000. It was only 7 days when the bear first take control the market. Our bull run last more than a month. After this big correction, you can close your order at your entry or even way beyond it 

Market prices do fluctuate significantly, depending on supply and demand. When the price drops dramatically when the highest price is obtained it is natural. But if it's a BullTrap? Yes, just take an example, in my opinion there are only some people who do not understand market conditions, only watching when prices rise. The higher the price the more opportunities for the price to fall. If I were in your current position, I would probably do a cutloss. Why? Because I will make up for the loss, maybe the money will not come back but at least the ETH will increase. That's just in my opinion

Probably you went in a fomo frenzy. I am also sure you knew what could happen before you bought and that it could have been greedy from your part. However I don't understand why you didn't have any plan at all. If you bought were you thinking of long term or just read some prediction that ETH will reach $10,000 and thought you would 5x you money? I don't write this to make you feel unconfortable. I just want to increase awareness to anyone that reads this comment. If you don't have any kind of plan but just make a bet in a coin, then you are just treating this market like a visit to your casino and your bet in roulette. You will most definitely lose money unless you get lucky. Betting in the market like a casino means you will lose money. Make plan, make analysis of the price, find a spot to enter, be patient and not overlook the fact that we are still in a bull run.

If you are losing today 25% of your investment, then you should try and calculate the odds of the bull run being over and Bitcoin crashing 80% while Ethereum and the rest crashing 90%, so you lose all the rest of your money. If these odds are worse than the odds this bull run hasn't ended but is still in the middle then Ethereum will surely recover and reach new highs.

Finding these odds isn't easy and if you ask traders they will give you different estimates that will deviate too much to decide. It should be out of your knowledge and experience. Making a plan in the middle of an investment will not help you much, but at least you will try to correct a mistake you made investing blindly.

patience without thought or reason is utter stupidity.
that's the problem with a lot of cryptocurrency investors these days. they buy bitcoin then believe any FUD they hear and panic sell just because price goes down a little meanwhile they buy a shitcoin without future but bag hold it even when that altcoin is dying in the name of patience.

I would not call it inflation but correction. Yes it was bound to happend because the crypto was booming a lot since a few weeks.
But then why did you invest when you knew it was bound to happen and if not then why didn't you do this research before investing your money ?
We learn from our mistakes and I won't say you have done a very big mistake because you still have the chance since the market is recovering quickly.
You should just HODL on to your portfolio to see the gains or invest at lower prices to decrease your average price.