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Topic: Why would you sell an altcoin right at the very bottom - page 9. (Read 6765 times)

newbie
Activity: 218
Merit: 0
This is not the time to sell altcoins at ridiculous price just because the market is down generally. It is quite painful to see that most of the altcoins prices have really gone down below expectation but that is not the reason to now start selling at at the very bottom price in the market. Though, majority of investors are not finding it good and encouraging this season because of general dump in the market. We must believe that the market will pick up again soonest. The bull run we are expecting will soon emerge. All we need is it to be hopeful and be more patient.

 
legendary
Activity: 1344
Merit: 1001
I sold my altcoins because I held them for too long and they did not grow in value, but only fell. I lost faith in their growth, so I sold everything and bought bitcoin.
In this case, you invested all in the single coin. The biggest mistake of any trader who just FOMOed and rush to buy the single coin with all holdings. After the bear market, these traders enjoy their smart decision but it can take a few years. If you hold your altcoin for years and never take a loss from the market due to your greediness, every lost penny deserves to be excluded from your trading account.

 Putting all eggs to the one basket is risky selection, the old wise investors advise not to try the depth of the water with both feet. Diversifying the altcoin portfolio never becomes risky if the investors have chosen the right altcoins from a future perspective. The forum is full of the crying posts which written by the traders made the same mistakes. This idea never crossed my mind after losing 75% of my trading account in the single trade 6 years ago.
sr. member
Activity: 910
Merit: 250
Proof-of-Stake Blockchain Network
I sold my altcoins because I held them for too long and they did not grow in value, but only fell. I lost faith in their growth, so I sold everything and bought bitcoin.
hero member
Activity: 2058
Merit: 538
Leading Crypto Sports Betting & Casino Platform
Many people do not believe in another altcoin season. They are in a panic mode and they want to get atleast something from their investment. Typical behavior of uneducated investors.  Wink

Even educated investors don't want to accept the straight facts because of the unknown market situation in the crypto market. They risk their money for gaining more BTC but the situation forces them to sell as soon as possible while it is not too late for selling to the market price.

The uneducated traders never make the right things correctly, they make a costly mistakes. The depth of the market show us some signs but only exprienced, educated traders are able to see these signs. The next altcoin season will be in the 2 or 3 years but only the traders who prepared for this alt season will be winners.
member
Activity: 546
Merit: 11
Some coins that fall low are not able to rise up again. And at that point, its better you make a small amount of money than make nothing at all. Half a loaf is better than none. At times most people think holding is a good idea till the coin hits the bottom.
copper member
Activity: 482
Merit: 1
I wish it has time the way you highlighters here ! However people  that sold their altcoins at the toke of this post would Be happy by now! Alt season that will come is not the usual one , so holding on to some  token  won’t make  make sense ! The bottom today’s is the top tomorrow! Which means there’s Is more dip than rise !
member
Activity: 378
Merit: 10
Erotic Industry on the Blockchain! RachelX
Many people do not believe in another altcoin season. They are in a panic mode and they want to get atleast something from their investment. Typical behavior of uneducated investors.  Wink

But there aren't many such people, because there is no panic now, all panicking people have long ago sold and left the cryptocurrency, there are still the strongest people
full member
Activity: 924
Merit: 106
homt.net
Many people do not believe in another altcoin season. They are in a panic mode and they want to get atleast something from their investment. Typical behavior of uneducated investors.  Wink
sr. member
Activity: 1056
Merit: 251
Now not all people sell coins at such low prices, you need to understand that there are traders in the market who buy and sell at such low prices
There is speculation in the market, of course, and we think that this is the number of people that Altcoins are selling now. I think the situation will change soon.
member
Activity: 509
Merit: 10
Now not all people sell coins at such low prices, you need to understand that there are traders in the market who buy and sell at such low prices
full member
Activity: 910
Merit: 100
i think, we cannot force everyone to keep holding their coins. Everyone's needs and situations are very different. it's likely they are in dire need of money and have no choice but to sell it even though he knows the price is not very good.

indeed your advice is correct, i like that. i am also currently waiting for the price of altcoin to reach ATH again. i'm still sure that will happen sooner or later.
member
Activity: 700
Merit: 27
Sovryn - Brings DeFi to Bitcoin
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 Cheesy

And till date altcoin season is still no where to be found,the only thing that can make me to sell a altcoin at the very bottom is if i heard news about the project turn to scam or the teams are about to abandon the project,to cut short my loss i have to dump such altcoin if not i don't have any reason to sell
jr. member
Activity: 97
Merit: 1
https://token-sale.fredenergy.org Supporter
no one wants to lose money or sell at a low price unless the situation is urgent. I think everyone has their own way of investing, if I personally have BTC coins and altcoin bags like Eth and BNB. and I believe in the portfolio that I have and will not sell at a loss, even if the market situation is weak or the price has not risen significantly.
copper member
Activity: 322
Merit: 8
So many reasons why one might want to dump their altcoins at dip. It might be that they finally decided to quit cryptocurrency altogether or money is desperately needed because of an emergency. So can't blame anyone for how they handle their investments
hero member
Activity: 2646
Merit: 582
Leading Crypto Sports Betting & Casino Platform
~~snip

I don't see any issue if you want to sell your tokens when it hit the bottom, coins/tokens are hitting the bottom for two reasons, one of this, is because of the market condition, all the coins are falling, and the second one is lost of trust, investors lost their trust in the coins that they are now dumping even if the market condition is good.
I think I get your point, there are some coins that if we bottom, we will not be regretting because those projects eventually die without raising back again, but when it comes to great projects, it is not worth selling a t bottom because those projects usually grow by 1000x when they rise. So instead of selling projects that we know has a bright future or real working case and active team at bottom, the best thing to have done at that period is to buy more.

I know that there has been question of why a project with real use case will even bottom, but we all know how the market operates, they usually being affected by bears at some points which is beyond their control, so the fact they bottom does not say that they are dying for us to sell, but buy back again.
full member
Activity: 154
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
Because i have urgent matter regarding about my money. If peoples need money no matter what, they will sell anything they have.
No body wants to sell with loss, but if the loss can be covered by future profit, it is ok. For example i find a good coin to invest but i don't
have enough money, i will sell some of my coins at loss.
Now the prices are already so low on Altcoins that it makes no sense to sell coins at all. I think you need to start buying them on the contrary. Good chances for big profits.
full member
Activity: 1260
Merit: 100
Because i have urgent matter regarding about my money. If peoples need money no matter what, they will sell anything they have.
No body wants to sell with loss, but if the loss can be covered by future profit, it is ok. For example i find a good coin to invest but i don't
have enough money, i will sell some of my coins at loss.
member
Activity: 672
Merit: 14
Sometimes it becomes a very difficult decision to make when a coin in possession begins to drop in price yet the holder believes the coin has all the needed factors to rise again. In such situations, pressing the withdrawal button to cut losses is very challenging. Holders or investors in such circumstances end up selling at the very bottom.
full member
Activity: 487
Merit: 105
Remember the same AION, when in the beginning the price fell sharply and many sold it. Everyone said that it will still grow and sold it for nothing. Turns out that wasn't the bottom yet. At the bottom of this coin is right now.
hero member
Activity: 2926
Merit: 567
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 Cheesy

I don't see any issue if you want to sell your tokens when it hit the bottom, coins/tokens are hitting the bottom for two reasons, one of this, is because of the market condition, all the coins are falling, and the second one is lost of trust, investors lost their trust in the coins that they are now dumping even if the market condition is good.
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