Why are you selling your altcoins so soon? - page 15.

mirakal

legendary

Activity: 3108

Merit: 1290

Leading Crypto Sports Betting & Casino Platform

Quote from: Ojengonggu on May 09, 2019, 08:31:17 PM

Quote from: anggle on May 09, 2019, 08:14:09 PM

Maybe because they panic with the price condition that is decreasing. So they sell coins at very low prices. But I think this is a very reasonable condition and when the price of a coin has gone up they will immediately buy more coins. As now the market price is declining and this is the time to reinvest. I see that the price of Bitcoin is increasing every day. So I hope you don't rush to sell coins.

I agree with you they sell it because they see the altcoin market conditions that they hold the lower the price and even most altcoins don't follow the percentage increase in the price of bitcoin and maybe sell it and replace it with bitcoin it is wiser and offers more benefits to get profits

It's too early for altcoins to follow but I am sure it will follow.
Bitcoin has now increased its dominance, probably we will see it at 60% soon, and that makes altcoins fall or still steady at the same price.
Anyway I still find it good because we all know that when bitcoin moon hard, sooner or later, altcoins will follow.

Ojengonggu

full member

Activity: 756

Merit: 105

Trphy.io

Quote from: anggle on May 09, 2019, 08:14:09 PM

Maybe because they panic with the price condition that is decreasing. So they sell coins at very low prices. But I think this is a very reasonable condition and when the price of a coin has gone up they will immediately buy more coins. As now the market price is declining and this is the time to reinvest. I see that the price of Bitcoin is increasing every day. So I hope you don't rush to sell coins.

I agree with you they sell it because they see the altcoin market conditions that they hold the lower the price and even most altcoins don't follow the percentage increase in the price of bitcoin and maybe sell it and replace it with bitcoin it is wiser and offers more benefits to get profits

anggle

jr. member

Activity: 377

Merit: 1

"AMANPURI●ultimate exchange"

Maybe because they panic with the price condition that is decreasing. So they sell coins at very low prices. But I think this is a very reasonable condition and when the price of a coin has gone up they will immediately buy more coins. As now the market price is declining and this is the time to reinvest. I see that the price of Bitcoin is increasing every day. So I hope you don't rush to sell coins.

BitUsher

legendary

Activity: 994

Merit: 1035

Here is one reason people are selling their altcoins for Bitcoin

Fidelity announced institutional support for BTC buyers in a few weeks and the market is selling their alts to ride that bull market .

Past bull markets were spurred by retail investors using exchanges that supported many altcoins as well, and Fidelity will only support BTC

Institutional investors will only be buying Bitcoin. This bull market will be different than past bull markets

radjie

sr. member

Activity: 1876

Merit: 264

Quote from: juragankambing on October 23, 2018, 06:41:04 AM

I here and see that a lot of people are selling their altcoins for this reason or for that reason. In some cases I here that people are even spending their altcoins to buy Bitcoin. Now that one really has me confused. To me it’s way to early to be selling your altcoins. It’s like selling an original painting before it even gains in value or while it is still gaining in value. What smart investor does that unless they are selling out of fear or because they are desperate. For me I am holding all of my coins for now because it is way to early to even think about selling your altcoins; what say you?

everyone who takes action to sell their altcoins certainly has their own reasons and goals, maybe one of the reasons they want to do an altcoin sale they have because they are worried that in the future it will become worthless so that it can be converted into bitcoin which clearly has good potential for in the future. completely because they don't have strong trust in the altcoins they have so they decide to sell when prices rise slightly

Tyoks

member

Activity: 223

Merit: 13

Quote from: Ngemmeng on May 09, 2019, 05:01:57 PM

the reason why selling altcoins is so fast is that after ico ends most developers no longer think of the fate of investors and bounty hunters. you can see for yourself now that there are many new coins that have no exchange.

I think not all project developers apply this way, it is only part of irresponsible people who just want to take advantage of the crypto token project because there are still many projects that continue to think about future developments for the token that has been created. I am personally a bounty hunter who does not like to sell tokens so fast and I like to hold until the price can be higher than the ICO price, but with a note, the project has the potential for development and I certainly analyze it from the beginning before following the project bounty.

youdacapt

sr. member

Activity: 1890

Merit: 295

GOD is TRUE

It all depends on the trend at that time whether the altcoin I hold does have a good price or indeed wants to move assets to Bitcoin because at that time the price of Bitcoin is down so that it can provide a big advantage if we can find something like that when trading on the market problem if you want to sell quickly, the most important thing is that you don't lose a bigger asset in holding an altcoin.

CoinsOrDie

full member

Activity: 448

Merit: 100

Quote from: juragankambing on October 23, 2018, 06:41:04 AM

I here and see that a lot of people are selling their altcoins for this reason or for that reason. In some cases I here that people are even spending their altcoins to buy Bitcoin. Now that one really has me confused. To me it’s way to early to be selling your altcoins. It’s like selling an original painting before it even gains in value or while it is still gaining in value. What smart investor does that unless they are selling out of fear or because they are desperate. For me I am holding all of my coins for now because it is way to early to even think about selling your altcoins; what say you?

The answer is simple, market sentiment has changed towards crypto assets. From 2016 to 2019, over New cryptocurrencies has launched which has upset the order of things. Now all investors do is trade for a quick return.

Denongels

full member

Activity: 812

Merit: 100

The reason for selling my version is altcoin is very vulnerable indeed if a coin like btc experiences a crazy price increase, it will affect some altcoins some go up and some go down, only if the btc drop altcoin fate will become unclear, for example, in 2017 I have participated and bought altcoins (crypto.com) and at that time the price was very bad even it could be said to be sad, but at the time the btc was up the coin had a very crazy price increase, and after the btc hype ended altcoin it had a very severe decline as well and many people regretted buying when the altcoin reaches ATH

BUK2016

full member

Activity: 770

Merit: 126

Selling altcoins at this time to me is not a good though with the exception to altcoins that cannot move positively as Bitcoin in an upward direction. But to some other altcoins like ethereum and Bitcoin Cash, I don't think there any need for me to convert it to Bitcoin.

Ngemmeng

full member

Activity: 1134

Merit: 100

SOL.BIOKRIPT.COM

the reason why selling altcoins is so fast is that after ico ends most developers no longer think of the fate of investors and bounty hunters. you can see for yourself now that there are many new coins that have no exchange.

GamblingIsWrongWay

full member

Activity: 211

Merit: 100

Quote from: juragankambing on October 23, 2018, 06:41:04 AM

I here and see that a lot of people are selling their altcoins for this reason or for that reason. In some cases I here that people are even spending their altcoins to buy Bitcoin. Now that one really has me confused. To me it’s way to early to be selling your altcoins. It’s like selling an original painting before it even gains in value or while it is still gaining in value. What smart investor does that unless they are selling out of fear or because they are desperate. For me I am holding all of my coins for now because it is way to early to even think about selling your altcoins; what say you?

Is it true that you still hold all the altcoins that you have up to now?
I'm just trying to be more realistic here, I only sell the altcoin assets that won't develop and generate good profits in the future.
And until now I still hold altcoins that have good development, many enthusiasts and will be able to generate good profits at the right time for me to sell them.

Cryptrx

jr. member

Activity: 498

Merit: 1

Worlds Simplest Cryptocurrency Wallet

People have different trading strategies, it's not everyone that can hodl a coin even if it will take years to recover. Some people are daily traders and don't exercise such patience.

Boh manok

member

Activity: 328

Merit: 10

Sometimes holding a number of altcoins is not the right choice in my opinion, because not all altcoins have good potential in the future, maybe the altcoin that you hold will drop, so you can sell altcoin, there is a right selling decision. You hold the altcoin. It would be better if you first choose which altcoin you will hold

OTC

member

Activity: 196

Merit: 10

Selling altcoins so soon without considering the prices is not a good idea. I think its better to hold and wait patiently for sometime if the prices of coins are low to make profits when the prices goes up or increases.

BitUsher

legendary

Activity: 994

Merit: 1035

The developers and oracles are dumping the altcoins on you , not necessarily many people selling altcoins. Most alts have massive premines/instamines and are pump and dumps. Stick with pure Proof of Work and you can avoid much of this behavior.

anggracoin

member

Activity: 490

Merit: 10

freelanex.io

I understand those who sell immediately the coins they get. Some sell it to make ends meet, for fear of falling prices, or because there are more promising coins. These reasons are very logical and what everyone wants is profit. If there is a profit opportunity, there is no harm in selling coins immediately.

beliomir

full member

Activity: 539

Merit: 100

Altcoins sell because of too much instability. They very quickly lose in their value, and for this reason it is terrible to keep large sums in them.

ajqjjj

hero member

Activity: 1498

Merit: 507

Not your Keys, not your Bitcoin

Quote from: Inkdatar on May 01, 2019, 09:12:48 AM

Quote from: Nivelir on May 01, 2019, 08:52:38 AM

People are always in a hurry and always do it very quickly, but then very often it happens that people regret that they did wrong and made conclusions very quickly. Perhaps this can be called a panic. Therefore, I think that it is not profitable.

Some sell quickly to avoid big loses so in this case it is depends on the altcoin you are investing. Yes panic selling happen for those who did not know the altcoin they have. Only hold altcoins that is worth and profitable and sell altcoins early if their is no future on the project.

The current world, money is the only thing for future happiness so peoples are buy at starting time and selling at future days because they fix the low budget at starting and continuous investment is increase the altcoin value but most of the peoples are concentrate the Binance exchange because number of investors are available, so once it is launched in this exchange surely it will make big profit. I think profitable altcoins only selling in this year and last year because market will move to forward soon so long term holders also sell on next year.

LimLims

sr. member

Activity: 1204

Merit: 272

1xbit.com

There may be various reasons for which the people around here selling their altcoins. First of all their mentality and way of thinking forces them to do so.
If they also found that their is no scope in investing in the altcoins, then they immediately sell it.
But from my own experiences from the past i can conclude that that main reason for which people does so are money. They were always in need of money, or during emergency they do so.

Topic: Why are you selling your altcoins so soon? - page 15. (Read 70151 times)