Will the altcoin holders hang on until the bull run comes ? - page 6.

posi

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Quote from: Rasa nanas on April 13, 2023, 02:21:32 AM

I advise you to sell it because the longer you hold the greater the potential for loss. the price of meme coins will not go up if there is no hype and you buy doge after the hype, this is a mistake that is often made when investing in meme coins. There is no guarantee that in the foreseeable future Doge will be hype again and there is no guarantee that in the foreseeable future Elon will continue to support Doge. so you still want to hope with meme coins that only depend on one person?

The higher the risk, the higher the return. As you said, there is no guarantee that Elon will continue to support doge, and you have no proof that Elon will stop supporting doge.
During the bull run 2021, when Elon chose Doge to manipulate and inflate, many people also said to stay away from doge because he was just playing with it, but the people who bought it from there also made huge profits, although there are many losers. Investment is like that, if you accept a big risk, your reward will be higher. Everything is proportional to each other.

traderethereum

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Quote from: Hypnosis00 on April 13, 2023, 09:02:01 AM

well, I expect a huge volume of altcoins investors to come this year. These people will take advantage of the situation while the price is growing and they are looking for new projects than choosing old coins like ETH and BNB. They indeed looking for gems as they believe that this could make them rich without holding for many years. In fact, some people are selling their Bitcoins in exchange to altcoins but guess what, they'll turn back buying it again once the bull season ends and hold again.

Altcoin investors will come again to look for hidden gems in altcoins, hoping to get big profits again like before.
This has been common in cryptos and will continue to happen after the bearish period is almost over, so they are constantly trying to find new altcoins they hope for.
But if they can't find the right altcoin, they will incur a loss and sometimes the loss will be large depending on the amount of investment made in the altcoin.
So be careful if you want to find those hidden gems and don't just follow other people's advice without doing research.

Hypnosis00

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well, I expect a huge volume of altcoins investors to come this year. These people will take advantage of the situation while the price is growing and they are looking for new projects than choosing old coins like ETH and BNB. They indeed looking for gems as they believe that this could make them rich without holding for many years. In fact, some people are selling their Bitcoins in exchange to altcoins but guess what, they'll turn back buying it again once the bull season ends and hold again.

Japinat

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Sometimes, you make mistakes in investing, but that's part of your journey, as no investor always makes the right decision. You bought Doge at 0.09 USD per coin, while the price now is 0.08 USD. You call it a loss, but not if you don't sell it. Yes, Doge was so hyped during the last bull run, but if Doge stays and pumps a bit, I believe you are holding a good price, and you can still sell it at a profit.

Doge isn't a shitcoin anymore; it has already captured the attention of investors. So, just wait for the right moment to sell. Don't panic and don't let your emotions control your decision-making. Instead, use your mind.

so98nn

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You should have taken lessons from Elon Doge event that happened last year. Literally whole world was watching SNL on Saturday just in the hope that Elon will make a big announcement over national television regarding DOGE.

Before this he made various tweets regarding DOGE and its utility over bitcoin. This made the world think DOGE is next thing Elon is going to invest into. Same thing happened and peeps started investing in it like crazy.

DOGE went as high as 50 cents and above in no time. However, as expected on SNL he did not even pick up on DOGE at all. Everyone started dumping and after that it never came back up.

You did similar mistake.

What you asking right now is sympathy against your mistake. Unfortunately trading is that world which runs on skills and facts. You can either hold if the money is not required by you or sell in loss anyway.

Weawant

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Quote from: FireDAOJackie_Z on April 12, 2023, 02:55:27 AM

I believe everyone on this forum has made both good and bad decisions in terms of investing in altcoins. I recently made a mistake buying a lot of Dogecoins after Elon Musk changed the Twitter logo into the Doge logo. Price was surging and due to FOMO, I bought a lot at the price of $0.099 and afterwards it started to dump like hell. If I continue to hold Dogecoins, the price might be dumping even lower but if I sell them now, the losses become concrete and I'll never have a chance to win back. Have you ever had the same experience ? What did/would you do ? Please share your opinions. By the way, I am with FireDAO team, in charge of the global community. Please contact me if you have any inquiry.

Everybody who has invested in an altcoins has had that experience and that's because it keeps repeating itself everytime. I did a very big mistake by selling my dogecoin in the past but I won't be making that mistakes again.

I didn't buy as the price was rising but I own dogecoin that I bought last year and I'll be holding until the end of next bull market. You should hold yours too. What's the worst that can happen, you lose your capital and that's all.

When investing in altcoins, always investment the amount that are your spares because altcoins has no guarantee of a future profits. Any project can scam at any moment even though they have very high market value, example Terra Luna.

cryptomaniac_xxx

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Quote from: FireDAOJackie_Z on April 12, 2023, 02:55:27 AM

I believe everyone on this forum has made both good and bad decisions in terms of investing in altcoins. I recently made a mistake buying a lot of Dogecoins after Elon Musk changed the Twitter logo into the Doge logo. Price was surging and due to FOMO, I bought a lot at the price of $0.099 and afterwards it started to dump like hell. If I continue to hold Dogecoins, the price might be dumping even lower but if I sell them now, the losses become concrete and I'll never have a chance to win back. Have you ever had the same experience ? What did/would you do ? Please share your opinions. By the way, I am with FireDAO team, in charge of the global community. Please contact me if you have any inquiry.

Take that as a experienced though, you FOMO and bought on top and obviously the next move will be those who have bought it prior to Elon Musk influencing the price have sold already. So the best thing to do is just hold on your Doge if you want to make some money and not exit at this time. Otherwise, you will be losing money already.

I didn't buy Doge nor I'm a investor on it. I'm not even aware that Elon change his the Twitter logo until I read it from the news.

And again, lessons here is that not to FOMO, and just invest on solid coins.

Apocollapse

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This is why you shouldn't buy a coin during the hype, it's fine to buy and then after few hours sell it, but for long term holding, nah that's a bad decision. You're either need to wait in the next 2 years until Bitcoin bull run will happen or you need to wait until Elon Musk to troll dogecoin in twitter which we're don't know when it will happen.

But for the better decision you can sell at lose and accumulate Bitcoin.

FireDAOJackie_Z

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Quote from: Farma on April 13, 2023, 02:25:35 AM

I had the same experience, but I only held unpopular coins. until now, I have never sold the coin because the price is already very low.
However, basically doge is a very risky coin, if you invest there, then you need to be prepared in case the price drops dramatically. If you have confidence in this coin, then you just have to endure it. but if you're worried, then you just have to sell it. from the start this was just hype created by Elon Musk. So, you need to prepare for the worst.

You are right. I mistrusted Elon Musk so the loss is a lesson that should be learned. This morning I sold most of Dogecoins to cut further losses and hope this is a correction. Solely depending on a public figure to choose a meme coin ? I would never do this again. Our team is focused on FireDAO project and in the future, we will try all our best to gain benefit for users, not a fleeting hype. Please refer to this link https://www.firedao.co/ to find more detailed info about FireDAO, if you like. Hope our project will be on your priority list one day.

ammo121810

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Quote from: FireDAOJackie_Z on April 12, 2023, 02:55:27 AM

I believe everyone on this forum has made both good and bad decisions in terms of investing in altcoins. I recently made a mistake buying a lot of Dogecoins after Elon Musk changed the Twitter logo into the Doge logo. Price was surging and due to FOMO, I bought a lot at the price of $0.099 and afterwards it started to dump like hell. If I continue to hold Dogecoins, the price might be dumping even lower but if I sell them now, the losses become concrete and I'll never have a chance to win back. Have you ever had the same experience ? What did/would you do ? Please share your opinions. By the way, I am with FireDAO team, in charge of the global community. Please contact me if you have any inquiry.

I am one of those who made both good and bad decisions in investing altcoins. But I had learned from that mistakes I should not buy altcoins if they are in hype and i should had evaluated first the chart before investing. No one could really predict what will happen in the market. But now i would definitely wait for the market to go down before risking in buying altcoins. Now i keep on hodling the altcoins i had rather sell them at lower price i am still positive that the coins i had been hodling will recover in the next few months.

Farma

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I had the same experience, but I only held unpopular coins. until now, I have never sold the coin because the price is already very low.
However, basically doge is a very risky coin, if you invest there, then you need to be prepared in case the price drops dramatically. If you have confidence in this coin, then you just have to endure it. but if you're worried, then you just have to sell it. from the start this was just hype created by Elon Musk. So, you need to prepare for the worst.

Rasa nanas

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I advise you to sell it because the longer you hold the greater the potential for loss. the price of meme coins will not go up if there is no hype and you buy doge after the hype, this is a mistake that is often made when investing in meme coins. There is no guarantee that in the foreseeable future Doge will be hype again and there is no guarantee that in the foreseeable future Elon will continue to support Doge. so you still want to hope with meme coins that only depend on one person?

.gustafson

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The classic FOMO trap. I've been there. You buy in at the peak, and before you know it, you're in the red. My advice would be to assess your options objectively. Can you afford to hold onto Doge for a while, even if it drops further? Or would it be better to cut your losses and invest in something more stable? Ultimately, the decision is yours, but don't let emotions cloud your judgment.

lienfaye

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This is the problem of some investors who are panic buying to not missed the hype but has no guts to hold when something unexpected happened. Though it's understandable that you want to cut loss to avoid further losses.

Anyway, I also experienced this many times before when I was still a newbie. I often commit bad choices that led to losses. However it's an experience that will left you with lesson to improve. So before you buy any coins, always DYOR and don't join the hype because of fear of missing out. Think deeply if it's really worth to buy and hold for long period.

Fundamentals Of

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You are one of many victims of this Dogecoin hype. If you want to ride the hype, you should be quick, quick to enter and quick to exit. With Elon Musk, Dogecoin has become a pump and dump shitcoin. You shouldn't be carried away with Doge's temporary pump.

As for other altcoins, some will of course hang on, but many will have their prices falling down as soon as the real bull run begins. When Bitcoin rallies hard, it is expected that altcoin prices will be negatively affected.

FireDAOJackie_Z

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Quote from: Quidat on April 12, 2023, 07:03:49 PM

Quote from: FireDAOJackie_Z on April 12, 2023, 02:55:27 AM

I believe everyone on this forum has made both good and bad decisions in terms of investing in altcoins. I recently made a mistake buying a lot of Dogecoins after Elon Musk changed the Twitter logo into the Doge logo. Price was surging and due to FOMO, I bought a lot at the price of $0.099 and afterwards it started to dump like hell. If I continue to hold Dogecoins, the price might be dumping even lower but if I sell them now, the losses become concrete and I'll never have a chance to win back. Have you ever had the same experience ? What did/would you do ? Please share your opinions. By the way, I am with FireDAO team, in charge of the global community. Please contact me if you have any inquiry.

This is where things turns out on testing out your patience if you are a really a true holder of a specific altcoin.It is really just that depending on how strict you are on following your decisions and goals
that had been set earlier. Bull run cycle is something that could really happen but we shouldnt really be anticipating that much that the coins we've been holding would really be having that kind
of movement when the time comes.This is why never ever make yourself that too positive or something that expects because it would really just disappoint
you on the time that it wouldnt make out any movements.

Indeed. I should stick to my goals set earlier and don't fear the loss even if any investment turns out a failure eventually. I think selling most Dogecoins in exchange for Bitcoin is my best option while still holding some Dogecoins. Lowering my expectation would really help because my goal is for long term gain and the next bull run is what I should be patient to wait for. Anyway, all things should be taken care of and never be afraid of. Great to have all the comments from you all. Thanks.

Quidat

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Quote from: FireDAOJackie_Z on April 12, 2023, 02:55:27 AM

I believe everyone on this forum has made both good and bad decisions in terms of investing in altcoins. I recently made a mistake buying a lot of Dogecoins after Elon Musk changed the Twitter logo into the Doge logo. Price was surging and due to FOMO, I bought a lot at the price of $0.099 and afterwards it started to dump like hell. If I continue to hold Dogecoins, the price might be dumping even lower but if I sell them now, the losses become concrete and I'll never have a chance to win back. Have you ever had the same experience ? What did/would you do ? Please share your opinions. By the way, I am with FireDAO team, in charge of the global community. Please contact me if you have any inquiry.

This is where things turns out on testing out your patience if you are a really a true holder of a specific altcoin.It is really just that depending on how strict you are on following your decisions and goals
that had been set earlier. Bull run cycle is something that could really happen but we shouldnt really be anticipating that much that the coins we've been holding would really be having that kind
of movement when the time comes.This is why never ever make yourself that too positive or something that expects because it would really just disappoint
you on the time that it wouldnt make out any movements.

smyslov

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Quote from: FireDAOJackie_Z on April 12, 2023, 02:55:27 AM

I believe everyone on this forum has made both good and bad decisions in terms of investing in altcoins. I recently made a mistake buying a lot of Dogecoins after Elon Musk changed the Twitter logo into the Doge logo. Price was surging and due to FOMO, I bought a lot at the price of $0.099 and afterwards it started to dump like hell. If I continue to hold Dogecoins, the price might be dumping even lower but if I sell them now, the losses become concrete and I'll never have a chance to win back. Have you ever had the same experience ? What did/would you do ? Please share your opinions. By the way, I am with FireDAO team, in charge of the global community. Please contact me if you have any inquiry.

We have proven in the past that Dogecoin lived on hype and it's not really a stable investment, it remains on top because of Elon Musk, I have had a lot of bad experiences on so many altcoins with no usability only lived on hype and shill with, the bag holders are the one that makes a lot from this.
Honestly, it's hard to decide if you're an altcoin holder that's losing its value because you're still hoping that the price will increase so you can even up, and you get frustrated if it's not, it's hard to dump and forget your losses, compared to Bitcoin that can always make a rebound.

poodle63

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getting fomo'd with meme coin just because of elon will always incur loss, you should never ever accumulate meme coin that has recently increase in value since it's most of the time, just short lived bullrun.
i'd say there's nothing really you can do and instead, you should migrate over your investment into better coin, meme coin nowadays aren't even worth blinking at, let alone investing.

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Quote from: FireDAOJackie_Z on April 12, 2023, 02:55:27 AM

but if I sell them now, the losses become concrete and I'll never have a chance to win back.

That's a cut loss and it's typical for someone who doesn't want to see further loss with his investments. But if you think that you can no longer win them back, try to win them back through other means. Investing in bitcoin is the best way to win some back from your losses in other cryptos. Don't be too focused on meme coins, they're now pumped and dumped coins and the gains that they'll give you were passed done already before Elon gets a hold of it. Not all of these coins will recover when we've come to the point of being in the bull run again. It doesn't go like that at all times.

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