Why are alts dumping so hard now ? Advice please - page 2.

marks1976

sr. member

Activity: 893

Merit: 250

Quote from: dllhg on November 10, 2017, 03:50:10 PM

What a crazy ride.

I had a lot of BTC I bought at an average of 4400. Put about half into alts coins as prices dropped before the Bitcoin Gold fork. Right before X2 was called off I put another 25-30% into alts that were at rock bottom prices. X2 called off and I went from negative 5-10% overall to positive 25% Shocked

Thought I had played the market well. Sold my BTC near the ATH moved mostly towards the good alt coins. Now just as fast as they peaked they have gone right back down Huh

BTC is down a lot as well at $6440 and falling. If Alts dump when BTC goes up shouldn't the alts keep pumping while BTC drops ?

Regretting not selling some of my alts when they peaked, Was up 45% on some of them. Have some decent sized bags left at 15% in the green. Should I sell now or just wait this out ? Overall I am still positive but losing all that profit I could have had yesterday is tough.

FYI my bags I am heaviest on are as follows

WAVES
LSK
ARK
STRAT
PAY
IOP
SYS
SALT
STEEM
OMG
ARDR
KMD

I have a bunch of others but 75% are tied into these ones. Especially the top five of those.

LSK, WAVES and SALT are the only ones I am still 10-13% in the green. Should I dump all or part of them and try to see where it bottoms before reentering ?

YOu should dump some of your money to take the advantages from there. As you can see the altcoin gets decrease on its dollar value but not for the bitcoin pairs value. It caused by the dump of the bitcoin price. Because bitcoin has been using by a lot of altcoin to determine the dollar price.

dumplingsandsushi

member

Activity: 476

Merit: 41

Wow! I think one of your problems is that your portfolio is was too spread out. If you have significant amounts in all of those that must be stressful managing them, not to mention the potential for gain gets divided up significantly.

Since BTC went down, alts went down. That's just how it is.
When you have bought a coin at a high price and the price crashes, really the best thing to do is just hold.
It looks like you put money into a lot of reputable projects so think long term, you surely will get gains next year.

I remember a post awhile back that demonstrated the importance of holding.
It was a screenshot of coinmarketcap in nov. 2016 vs. a screenshot of coinmarketcap today.
The difference is shocking. Just take BTC for example, just one year ago it was under $1000! Crazy!

Moana

full member

Activity: 298

Merit: 106

It is called "market". For every person who buys, there is a person who sells. Sometimes the ones who sell are more than those who buy.

serguvan

member

Activity: 532

Merit: 14

C'mon, they're alts, they have no reason to dump so hard Grin

Lumin333

newbie

Activity: 38

Merit: 0

There's a pump on BCH, well planned. Seems to be dumping slowly now and people will start buying up the alts again, they will gain a lot in the future, the ones with actual value for people anyway, like a lot you have chosen. Now is a good time to buy more while they are cheap, I would not advise selling them now!

Maren

full member

Activity: 304

Merit: 105

Quote from: dllhg on November 10, 2017, 03:50:10 PM

What a crazy ride.

I had a lot of BTC I bought at an average of 4400. Put about half into alts coins as prices dropped before the Bitcoin Gold fork. Right before X2 was called off I put another 25-30% into alts that were at rock bottom prices. X2 called off and I went from negative 5-10% overall to positive 25% Shocked

Thought I had played the market well. Sold my BTC near the ATH moved mostly towards the good alt coins. Now just as fast as they peaked they have gone right back down Huh

BTC is down a lot as well at $6440 and falling. If Alts dump when BTC goes up shouldn't the alts keep pumping while BTC drops ?

Regretting not selling some of my alts when they peaked, Was up 45% on some of them. Have some decent sized bags left at 15% in the green. Should I sell now or just wait this out ? Overall I am still positive but losing all that profit I could have had yesterday is tough.

FYI my bags I am heaviest on are as follows

WAVES
LSK
ARK
STRAT
PAY
IOP
SYS
SALT
STEEM
OMG
ARDR
KMD

I have a bunch of others but 75% are tied into these ones. Especially the top five of those.

LSK, WAVES and SALT are the only ones I am still 10-13% in the green. Should I dump all or part of them and try to see where it bottoms before reentering ?

If BTC tanks that doesn't mean alts will rally. Usually everything rallies together.

Now we're witnessing an aggressive BCH push, but as we're in a very small market, these movements that appear huge are actually quite reversible, quite fast. Pick the things you think have some merit and don't look at the charts for a while, there's killer noise in crypto market.

anasso

full member

Activity: 224

Merit: 100

altcoins are dumping because people are jumping in bitcoin cash!

some people like john mcaffe are thinking that BCH is the true bitcoin! only time will tell us

deniskiely

member

Activity: 130

Merit: 10

Actually the biggest dump is Bitcoin cause of the canceled of Segwit2x Bitcoin.

PPleaseman

full member

Activity: 280

Merit: 100

Hello. I have similar tokens. I wouldnt sell. Your Portfolio looks good and should go up in the next 6 months. Dont know LSK,IOP,SYS, (never looked at them). But dont listen to a stranger on the Internet

Cheers

dllhg

full member

Activity: 238

Merit: 100

What a crazy ride.

I had a lot of BTC I bought at an average of 4400. Put about half into alts coins as prices dropped before the Bitcoin Gold fork. Right before X2 was called off I put another 25-30% into alts that were at rock bottom prices. X2 called off and I went from negative 5-10% overall to positive 25% Shocked

Thought I had played the market well. Sold my BTC near the ATH moved mostly towards the good alt coins. Now just as fast as they peaked they have gone right back down Huh

BTC is down a lot as well at $6440 and falling. If Alts dump when BTC goes up shouldn't the alts keep pumping while BTC drops ?

Regretting not selling some of my alts when they peaked, Was up 45% on some of them. Have some decent sized bags left at 15% in the green. Should I sell now or just wait this out ? Overall I am still positive but losing all that profit I could have had yesterday is tough.

FYI my bags I am heaviest on are as follows

WAVES
LSK
ARK
STRAT
PAY
IOP
SYS
SALT
STEEM
OMG
ARDR
KMD

I have a bunch of others but 75% are tied into these ones. Especially the top five of those.

LSK, WAVES and SALT are the only ones I am still 10-13% in the green. Should I dump all or part of them and try to see where it bottoms before reentering ?

Topic: Why are alts dumping so hard now ? Advice please - page 2. (Read 625 times)