Topic: Why would you sell an altcoin right at the very bottom - page 10. (Read 6714 times)
Jus t because someone is spreading this negative speculation that there wont be Alts some years to come. Even if so why do you sell at this moment. It would be better to wait than selling for these pennies.
Selling a altcoin right at the very bottom is very irrational because you have already lost the value. You will lose money presently and also miss out on the future gains from price increase.
The only reason that makes sense is if it is an emergency or you are selling to flip to a better coin with better chances of success.
The only reason that makes sense is if it is an emergency or you are selling to flip to a better coin with better chances of success.
I sell my alt with a calculation, I always sell alt who may not have hope to experience price development. I do this to avoid greater losses, and this is very logical.
It depends on the coin as well and how bottom are we talking. Like, if you are holding shitcoins or some coins similar to that, and you realise that these coins are shit and are losing their value very rapidly, then it’s better to sell them at the bottom rather than stalking them up until they are completely dead and are left in your wallet for eternity. But if you are holding some well-known coin, that you have faith in, then it’s better not to sell them at the bottom as they the potential of getting a bump in their price, and having an increase in them, so it’s better to be patient with them.
It’s mostly the new traders that panic when they see the graph moving down a single digit, or people who invest in any coin that are pumping at the moment without giving it a second thought. They end up selling in the lower end, otherwise, with a good Alt coin, you just need to be patient and calm.
considering the altcoin market situation is declining of course I will not sell at low prices it is very risky. I use this opportunity to collect several altcoin bags and also add investment with bitcoin. but I'm more focused on bitcoin, because the price of bitcoin is currently experiencing a good increase.
The price of altcoins is heavily connected to the top cryptocurrencies and buying small altcoins will provide us a opportunity for collecting more affordable altcoins in market. Recent market indicators suggest to buy more and decrease the cost of getting stopped. The risks are growing day by day along with the requirements for holding balance around the initial investment amount which substantially tends to go down due current bear trend.
considering the altcoin market situation is declining of course I will not sell at low prices it is very risky. I use this opportunity to collect several altcoin bags and also add investment with bitcoin. but I'm more focused on bitcoin, because the price of bitcoin is currently experiencing a good increase.
Because people are afraid of losing their money. If you have invested 1000 dollar into any project and few days later you mention that your investment turned into 700 dollar, 90 percent of people will cash out and make a loss instead of waiting for the next wave.
This is quite positive, thanks for the message. However, that is not always the case; it's usually harder for most altcoins to get back on their feets. It requires dedication to continue to hodl them, and such emotional attachments are not encouraged.
because people have lost a lot of money and want to slow it down somehow. which, of course, causes them to panic.
Many altcoin may not rise in price, and so most cryptocurrency users are reviewing what is in their portfolios. I am sure that they sell at any price those coins that, in their opinion, have no prospects, but buy something that can bring good profit in the future.
Because people are very likely to panic when they see red stats on coinmarketcap. They would rather take a loss and save at least some money, rather than to wait for the better market conditions. I do not understand such a behaviour, but it happens every day.
People are just panicking to sell their coins, and people just can't wait long for growth to sell their coins at low prices panic makes no trust in assets owned. all research and analysis will be in vain if you feel panic.
Because people are very likely to panic when they see red stats on coinmarketcap. They would rather take a loss and save at least some money, rather than to wait for the better market conditions. I do not understand such a behaviour, but it happens every day.
The excessive bonuses that were used to be given out was the main reason for dumping activities in the cryptocurrency world. Inadequate monitoring of bounty and airdrop campaigns also have major contributionfo dumping. There's no price not good for anything free.
In this action may result of many factors, personally I sold of some alts due to emotions but in reality when you realised that the project is dead you just have to sell off and move on, a typical example is STQ, very promising than I ever taught but currently as dead as a dead stone, No one will continue to hold regarding with it.
It makes no logical sense to sell an altcoin right at the very bottom of a market cycle. Look I know its very painful to see that altcoin you love some much cause you so much grief, and not to mention checking your altcoin account balance looks like a scene from a horror movie. But I am here to tell you, to hold strong, keep the faith and ride this altcoin storm as we are about to hit a very sweet spot in the market cycle where altcoins will explode in value. Almost every altcoin is extremely oversold when comparing it to previous altcoin ATH (all time highs) and not to mention when comparing it to the bitcoin rally of late.
ATTENTION: We are about to enter altcoin season right at the very bottom, there will be some explosive move coming....Please hold firm.
Much love to all altcoin holders (especially those that hold HST decision token)
Stay safe, and see you all at the very top of the next altcoin season.
Peace out
ATTENTION: We are about to enter altcoin season right at the very bottom, there will be some explosive move coming....Please hold firm.
Much love to all altcoin holders (especially those that hold HST decision token)
Stay safe, and see you all at the very top of the next altcoin season.
Peace out
We sell our coins at the bottom, especially when there is bad news related to the teams that overshadow the coins such as irresponsible developers or because of other problems. Sticking to it will certainly be in vain. But for coins that are still developing well, it's worth holding on because the opportunity for such coins to increase is still there.
Well, after a long time of decline, prices will definitely rise again but here, everything is simply a recovery and you should know that recovery only reaches a certain level, then, the price altcoin still continues to fall deeper and never return to your desired level. And if someone sells their altcoin at the bottom, that means they have realized the story I told, they already know that their investment was damaged, and their quick decision will reduce the greater losses, take advantage of new opportunities
It is recovery for investors whom bought at peaks, at all time highs, and did not take loss, kept holding till altcoins found their bottoms. For them, the coming rises are recoveries, exactly. However, for investors whom bought at price very near to bottom range, they will get profits, and coming rises are growths for them, not recoveries or rallies. the reason why I sell altcoins is right at the lowest price because I feel that altcoin is difficult to develop, so an effective way to grow altcoins is by selling them and buying back altcoins that are worthy or have great potential for investment.
Don't just feel that way, judge the project whether it can play or not and then make a decision to sell them. Because there are so many altcoin after a long time of sharp decline, the price increases afterwards because they launched many new products
To buy another coin which is relatively cheaper and better. You can always sell and buy but you have to know how to move your position.
Or you can also sell to buy a coin which has better technical analysis.
To do this, the best and simpliest way to do is:Or you can also sell to buy a coin which has better technical analysis.
Waiting for waves of dumps when altcoins fall to nearly 20 percent or lower; then you can step in with nearly zero risks. Doing this also help you to maximize your marginal profits, and reduce waiting time to take profits too.
To buy another coin which is relatively cheaper and better. You can always sell and buy but you have to know how to move your position.
Or you can also sell to buy a coin which has better technical analysis.
Or you can also sell to buy a coin which has better technical analysis.
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