why people panic and selling alts ,they might dont what will happen in next mont - page 3.

Ziskinberg

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Quote from: Akbarkoe on December 28, 2024, 01:51:33 PM

But for me personally Altseason has not begun perfectly, and the correction occurred very naturally after we received a significant increase in November.

I don’t think the game is over yet. As Bitcoin cools down, the same thing tends to happen with altcoins. I believe Bitcoin needs to have another bull run for the altcoin season to trigger. In my opinion, altcoin season hasn’t arrived yet. While the market is somewhat bullish, that’s more due to market sentiment. It’s normal for altcoins to rise when Bitcoin is bullish, but altcoin season means a big portion of altcoins will turn bullish, and we’ll likely see some crazy pumps.

Nwada001

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Quote from: Pandorak on December 24, 2024, 01:54:23 AM

There are many reasons that make them do that, basically they don't have a Trading Plan, they think that they will be finished if they don't sell immediately, lol. although Good News and Bad News that cause prices to fall are common, i believe most of the panic are newbies who have just entered the market.

Some people sell not just because others are selling when the market is showing a sign of weakness, but they sell because the price has touched their stop-loss level, which they will not want to incur more loss compared to what it might turn out to be if the price drops below that level, and some altcoins immediately start dropping that way they drop to some point that even in the next 1 year they might not be able to reach the ATH again or even the price the person purchased the coin at, so there is no harm in playing it safe.

Akbarkoe

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Yes, because no one knows the future, so many have lost their confidence to keep holding Oelh so this is very natural that it will invite fear especially when it has been heard by FUD and contains the price of coins in the market loss of more than 10% will increase to 20%, we don't Forgotten under the cycle of many new retail investors and they do not understand how to adapt to the Crypto market, they will be easy to fomo and will be easy to fear, their mentality is tested here when the volatility of crypto prices is very fluctuating.

But for me personally Altseason has not begun perfectly, and the correction occurred very naturally after we received a significant increase in November.

doomloop

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Quote from: Taskford on December 25, 2024, 06:57:48 PM

Altcoins is so risky and I understand the decision made by other people to dump it since with this they can minimize their losses and potentially they can buy again those coins or tokens at the Dip. Sometimes holding those coins doesn't makes since since there are lots of rug pull schemes happening in altcoin scene that's why its more better to sell their altcoins when they are already gaining so that there's no regret feeling when there's a sudden dump will came. Recovery is somehow questionable that's why we need to act fast and don't entertain any hype around since its better to secure our profits rather than becoming a long term bag holder since this is waste of time and money.

If we are talking about the meme coins, yes. But if we are talking about the alts like Ethereum, I won't say that they are so risky. I heard that alt season have begun already last time, so that can be another reason on why people are now dumping their altcoins. This is much better than the other way around.

The recovery of the alts like ETH is not questionable, this is why I said earlier that selling at the alt season is much better than selling when the price is going down because we can just continue hodling and wait for the recovery to continue earning better. Entertaining the hype is fine because that can motivate us to continue doing what we already started.

Taskford

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Quote from: Miles2006 on December 25, 2024, 06:02:29 PM

If referring to altcoins in general I will advice they sell so they don’t face lose, if only op could keep this advice personal and continue investing if by any chance the coin hit high that’s your gain likewise a decline still your lose. Newbies don’t know when to buy and sell also it’s common for a newbie to panic and it might result to selling, the issue with bitcoin price and prediction still remain high. Positively bitcoin hitting $100k and beyond pull out more crowd also what more benefit will altcoins offer if not now? After the market price face a decline what exactly will happen no one knows despite the analysis people give concerning altcoins market, no doubt investor holding now will benefit compared to early sellers still depends on the coin.

Altcoins is so risky and I understand the decision made by other people to dump it since with this they can minimize their losses and potentially they can buy again those coins or tokens at the Dip. Sometimes holding those coins doesn't makes since since there are lots of rug pull schemes happening in altcoin scene that's why its more better to sell their altcoins when they are already gaining so that there's no regret feeling when there's a sudden dump will came. Recovery is somehow questionable that's why we need to act fast and don't entertain any hype around since its better to secure our profits rather than becoming a long term bag holder since this is waste of time and money.

CK485

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Quote from: udayantha11 on December 23, 2024, 06:15:53 AM

Now BTC dominance at range of 55-60%. last 2 weeks gone bloody red. i saw panic selling most are. In coming months BTC profits should come to alts and BTC dominance can be lower 35%. so alt coins prices will 3x-10X from current price.

keep in mind all the coins not perform in same way.

most of the newbies, dont know what is going to happen in next months.

If you refer twitter , you get panic quickly.

it is very influential especially for beginners who certainly do not have experience in altcoins, it becomes a thought and they are afraid of losing the money in it, and become tense when the decline occurs, in the performance of these coins, it is a common thing that will definitely happen in the market, it is necessary to learn about all of that.

Miles2006

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If referring to altcoins in general I will advice they sell so they don’t face lose, if only op could keep this advice personal and continue investing if by any chance the coin hit high that’s your gain likewise a decline still your lose. Newbies don’t know when to buy and sell also it’s common for a newbie to panic and it might result to selling, the issue with bitcoin price and prediction still remain high. Positively bitcoin hitting $100k and beyond pull out more crowd also what more benefit will altcoins offer if not now? After the market price face a decline what exactly will happen no one knows despite the analysis people give concerning altcoins market, no doubt investor holding now will benefit compared to early sellers still depends on the coin.

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Yeah, the market’s been rough lately, and BTC dominance being this high shows most of the money is parked in Bitcoin for now. But you're right—once BTC stabilizes and people take profits, the flow to altcoins usually kicks in. That’s when we could see some solid gains in alts, especially strong projects, but it’s key to remember not all of them will moon.

Newbies often chase the hype and sell in panic, which just feeds the cycle. As for Twitter—definitely a double-edged sword. Good for info, but the fear and FOMO there can mess with your head. Best to have your own plan and stick to it instead of reacting to every tweet.

Pandorak

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Quote from: Dr.Bitcoin_Strange on December 25, 2024, 06:39:27 AM

I think, anyone making investment into altcoins should at least have a target price which they would want to sell off, so that if price reaches their desired target they will not hesitate to sell or sell some part of their holding to take their first profit. Some of them will continue to hold till price reach a high and start dropping, that's when they will have panic to sell.

Having a proper selling target will not make people (especially newbies) to sell out of panic. Secondly, there are so many altcoins that are not meant to be held as long term investment because you don't know what could become of the project in the future.

I totally agree with what you said, the Target for Take Profit is very important if you want to survive and don't want to lose your money for nothing. besides, with the target you set, your psychology will not be disturbed and provide comfort without having to look at the chart continuously.

Dr.Bitcoin_Strange

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I think, anyone making investment into altcoins should at least have a target price which they would want to sell off, so that if price reaches their desired target they will not hesitate to sell or sell some part of their holding to take their first profit. Some of them will continue to hold till price reach a high and start dropping, that's when they will have panic to sell.

Having a proper selling target will not make people (especially newbies) to sell out of panic. Secondly, there are so many altcoins that are not meant to be held as long term investment because you don't know what could become of the project in the future.

betswift

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Quote from: Pandorak on December 24, 2024, 01:54:23 AM

Quote from: udayantha11 on December 23, 2024, 06:15:53 AM

Now BTC dominance at range of 55-60%. last 2 weeks gone bloody red. i saw panic selling most are. In coming months BTC profits should come to alts and BTC dominance can be lower 35%. so alt coins prices will 3x-10X from current price.

keep in mind all the coins not perform in same way.

most of the newbies, dont know what is going to happen in next months.

If you refer twitter , you get panic quickly.

There are many reasons that make them do that, basically they don't have a Trading Plan, they think that they will be finished if they don't sell immediately, lol. although Good News and Bad News that cause prices to fall are common, i believe most of the panic are newbies who have just entered the market.

A strong mind means strong hands.
Newbies don't have either usually - and they become prey for the market, unfortunately.
They just need to learn more and keep it up.

justdimin

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Quote from: udayantha11 on December 23, 2024, 06:15:53 AM

Now BTC dominance at range of 55-60%. last 2 weeks gone bloody red. i saw panic selling most are. In coming months BTC profits should come to alts and BTC dominance can be lower 35%. so alt coins prices will 3x-10X from current price.

keep in mind all the coins not perform in same way.

most of the newbies, dont know what is going to happen in next months.

If you refer twitter , you get panic quickly.

Honestly, it's normal and I do not think that we are going to end up with any issues for the long term anyhow, it feels as if we are dealing with something that is just how the market moves, sometimes it moves up and great, sometimes it moves down and not so great, hence we should be feeling alright about it and not really be worried about it at all.

I can see why people may consider this to be a great period to buy as well, because it allows us to get a much better result, it makes it much more interesting as well. I believe the greatest situation to be in is to just focus on how to get greater results as well, would allow us to get a much better profit if we could invest right now and could wait until it recovers.

Pandorak

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Quote from: udayantha11 on December 23, 2024, 06:15:53 AM

Now BTC dominance at range of 55-60%. last 2 weeks gone bloody red. i saw panic selling most are. In coming months BTC profits should come to alts and BTC dominance can be lower 35%. so alt coins prices will 3x-10X from current price.

keep in mind all the coins not perform in same way.

most of the newbies, dont know what is going to happen in next months.

If you refer twitter , you get panic quickly.

There are many reasons that make them do that, basically they don't have a Trading Plan, they think that they will be finished if they don't sell immediately, lol. although Good News and Bad News that cause prices to fall are common, i believe most of the panic are newbies who have just entered the market.

Abu-Naim

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Quote from: udayantha11 on December 23, 2024, 06:15:53 AM

Now BTC dominance at range of 55-60%. last 2 weeks gone bloody red. i saw panic selling most are. In coming months BTC profits should come to alts and BTC dominance can be lower 35%. so alt coins prices will 3x-10X from current price.

keep in mind all the coins not perform in same way.

most of the newbies, dont know what is going to happen in next months.

If you refer twitter , you get panic quickly.

All these panic are as a result of lacking trust in the project they invested in, and they are right to panic if they don’t trust the project and the market is bearish because some of these coins can never get back to their current price if the bear market start, only strong and reliable projects do trace back and makes another reasonable move.

Always buy altcoins you have made research on, make sure you are convinced about the project and always use the amount you can afford to lose to avoid panic to sell just because you want money so that you can wait to hit your target for maximum profit.
Also avoid FOMO.

Ziskinberg

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It’s hard to expect altcoins to rally when Bitcoin is dumping. Maybe if Bitcoin gets stuck between $90k and $100k, struggling to break out, investors might shift their focus to altcoins. But that hasn’t really happened in past trends, so it’s tough to predict.

For me, the safer strategy is to stick with Bitcoin, either hold it or convert to stablecoins if you’re not confident it will rise. Investing in altcoins could bring positive results, sure, but the downside risk is much worse. It’s a gamble that not everyone can handle.

ultrloa

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Quote from: udayantha11 on December 23, 2024, 06:15:53 AM

Now BTC dominance at range of 55-60%. last 2 weeks gone bloody red. i saw panic selling most are. In coming months BTC profits should come to alts and BTC dominance can be lower 35%. so alt coins prices will 3x-10X from current price.

keep in mind all the coins not perform in same way.

most of the newbies, dont know what is going to happen in next months.

If you refer twitter , you get panic quickly.

Why? Its because they are afraid to lose their money. They don't care about those possibilities since what those panic seller think is to secure their money and avoid losing to much from current situation. If these people would just learn to have patience also make theirselves became knowledgeable on each market movement for sure that this panic situation will not happen to them and they can fully assess what's best thing to do if there's certain dumping situation happens.

Hopefully they could bump those threads or other discussion about buying at the dip then hodl their bitcoin thing since for sure that they can learn more information about what best thing to do with their investment.

markm

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For a trader or market-maker though volatility is earnings, it has been maybe 24 hours or more now that BTC/XLM has stayed stuck between my lowest sell offer and my highest buy offer, yuck, when it moves I profit in XLM on cheaper-in-bitcoins XLM or profit in BTC on cheaper-in-XLM bitcoins; when it annoyingly hovers that is just boring and useless.

I want more XLM to continue building buy-side offers on the Stellar platform or more BTC to strengthen my BTC/XLM buy-side and eventually to thin out a little to take home some profits...

-MarkM-

Odusko

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Panic selling can be one of the attributes of a newbie trader because no experienced trader will panic when there is a sudden drop in the price of the asset he is holding because at all costs he knows that it will recover, the most important thing is to hold the right assets, and most altcoins are not so right as an asset because of the high volatilities in the altcoins space, Newbies who trade altcoins most especially memetics are so FOMO and losing out the right entry price and also good exit price thereby making them panic into loss.

markm

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Panic selling is one side of what actual traders and market-makers want, the other half of course being skyrockets.

Panic selling means more and more people selling to your buy offers at lower and lower and lower prices, yum yum yum!

-MarkM-

udayantha11

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2023 would most likely be as bearish as 2022

Now BTC dominance at range of 55-60%. last 2 weeks gone bloody red. i saw panic selling most are. In coming months BTC profits should come to alts and BTC dominance can be lower 35%. so alt coins prices will 3x-10X from current price.

keep in mind all the coins not perform in same way.

most of the newbies, dont know what is going to happen in next months.

If you refer twitter , you get panic quickly.

Topic: why people panic and selling alts ,they might dont what will happen in next mont - page 3. (Read 580 times)