Bitcoin Forum

So I bought some alts a couple of days ago, Ripple, Nem, Decred, Maid. And as the bitcoin bubble has popped, every alt has felt it, down considerable amount in the past couple of days.
So my question to all like me who have invested at the wrong time is, are we not stuck with these alts for long? Because I don't see a climb up so quickly, so either we sell and lose, or we wait for an unknown length of time.
What are you going to do?

No one can tells you this with great certainty, but i presume this is only one cycle, and i believe it will continue instantly with Bitcoin new hype.. Try to stay calm and wait if you can, if not then sell and buy back lower,  it will bounce back eventually and you can exit at some point. I will place my buy orders and i will try to catch low. My bags will become even larger.

You can't blame these alts to be honest , as they were made as an additional to bitcoin. If you see in real life also there is ruby , diamond , sapphire , etc people do purchase them but at end of the day only the price of gold is taken into consideration. Same way for bitcoin , you should use alts only for trading or even for short term investment at end of the day no matter how much the price increased bitcoin is the best and the future for now

You have 2 choices.

1)Pull out your money with losses or maybe even a small profit if you invested smart.

2)Wait and sit it out, since the next pump/hype/raise will definitely come.

Second choice is way smarter, but your money is in until then. I'd recommend not selling like all the other hyperventilating idiots that cause the crash and hold if you don't need the money now or even buy in if you have spare money. Think in bigger cycles. Be smart if you want to make money and don't get nervous.

If you have faith in the long-term value and utility of these coins, then don't refresh the price charts every five minutes. Volatility is normal. Forget the charts and hold.

Alternatively, if you have the skills to exploit a volatile market, then you should sell at peaks and re-buy at troughs, and switch back and forth between different coins or coins and fiat. Obviously it is difficult to time this right, and easy to make a loss.

I'm in long-term, and anyway I suspect I wouldn't have the skills to make a profit as a short-term trader, plus I can't spare the time to continuously assess the market. So I hold.

If you have to look at the charts, then zoom out to 90 days or more to get a better perspective.

I think everything has happened with you, if I think personally you better keep altcoin that you have bought at the time and play for long term, if you do not want to get big loss. I'm sure the Bitcoin bubble that ever happened will be deflated in the next few weeks. Well, you can sell your altcoin at that time.

just hold it's a price correction on everything, these global increase was not sustainable because too much money were invested and now they are taking their profit, understand the different between being a bagholders and being someone that is holding for a greater return, if you dump now because of fear, you will lose your confidence for the future and your possible profit, the coins you are holding are strong coins, they can't die anytime soon

Think of it this way..

What happens when the entire scene are investors and there are no currency adopters ?

Is it really a "Currency" you are invested in ?

..or a pyramid scheme ?

nobody is stuck with anything as long as they stay alive and you stick around for long enough.

if you'd loaded up on alts at the start of 2015 you would've been a multi millionaire for a $5000 outlay. i don't think many people here would've had what it takes to wait that long.

there'll be more greater fools along some day.

OP, what you have invested your money into are not some shitty, shady, pump dump coins. You got a reasonably good portfolio there. Such coins have development, goals, roadmap, and adopted by the community (somehow). Those coins are good investments on the long run.

fuck the trade
trrade like gambling


and bitcoin  scammer coin

dump them as fast as you can whenever you see a price drop and get the hell out. unless you want to lose a lot of money.

as far as altcoin market is concerned you should only invest in them when they are rising not after the rise reached its max and then past that max! by then you will only experience the dumps.

if you want to risk it then sell now and buy back if you saw a rise again. not any other way.

Yeah we are bagholders for now, but the market can change quickly it could just as easily drop another 50% as it could double in value. So its your choice to sell at a loss or hold waiting for better times and its not an easy choice to make for any of us.

right, but who the hell can say that the max is reached before the correction/dump will happen? )))

You should decide before you invest if the coin you are going to purchase are for long term and short term,there are coins for short term and there are for long term,and you can make profit from both options but you of course needs to differentiate coins for long term and for short term usually coins that are in the top 20 are for long term and those ico coins are are for short term.

VERY VERYYYYYY few invest long term and if they do it's because they are in on the scam coin launch.
Ripple or Monero etc etc where they print free money to themselves.. or buy for virtually nothing.
So there is no real risk.
Unlike YOU.. who showed up years later to buy each one of their shitty gay ass pointless scheme coins for massively inflated prices.

Of course the idiots mentioned above are going to say "one day"

Maidsafe ?
ICO ?
"one day ?"

https://i.imgur.com/ZKYnMqY.jpg

Same old same old.
The price of shitcoins is irrelevant.
What matters is how it all works.
Which doesn't change.

Stupid & greedy ? Good luck with that.  :D

you can see the news about coins that you already bought in here and we as trader nothing we can do if stuck or if you have more money you can back up orders so you can sell it when this coin price raise a little

 ;D
LOL I'm sure you'd like this story: https://bitcointalk.org/index.php?topic=1936045.0

Know where i got the term "Investards" from ? my ole buddy Gammy  ;D
He's been warning you all about a slew of these scammy ass services for ages.
Ever heard of Stakeminers ?

Here check out this quote from the other day from page 118..
(it's free money for them) they lie and you pay them.. simple.
Why ?
Because Scheme coin idiots are Investarded.. low hanging crypto-fruit.

You are not alone. All we can do is to hold that coin.. Never attempt to sell it. It will give you more loss. Just wait for bitcoin to reach its previous price.. Wait for the altcoin to retrace its value. Then everything will work fine.

I don't think the pumping season is over, correction is needed and I expected this to happen, do not panic sell your coins to whales, this is their intention to shake off weak hands and profit from margin trade

Just wait, if you invested your money was because you were willing to lose it right? So wait for a new pump it will happen eventually I think...

If I'm in your place right now, I will hold this altcoin until it will pump or until I get my fund without loss. I feel you right now, because I have that altcoin too. and I advice to you that hold this, or else you loss some bitcoin funds and you loss the provability to earn in future.

just sell the alts or baghold.. the only thing you will lose is time.. they will repump

That is mind-bendingly stupid beyond comprehension.
This shows how dumb you little shitcoin clowns are..

TIME IS MONEY .

Your money invested for a period of time is extremely valuable.
Why in the hell is every single bank spamming you to fuck & back to "invest" your money in a savings account ?

Which i might add is a better risk than playing shitcoin gambling.
Most would get an annual 5% guaranteed return.

And i love the fact that the OP NOOB here is giving advice and that he has an elite mastery of the REGULATED STOCK MARKET jargon (almost is if it all applies to "crypto'z")

YES, little children this is the New York Stock Exchanger and you will all be rich soon.. HODL !
Just listen to what ever NOOB account is created in the last hour handing out trade advice using snazzy leet shitcoin profiteer buzz words.

I'd sold all of my portofolios on the high price. But just try waiting for the next time. The price must get recovered in the future. This is not the first time the bitcoin gets massive dump by the panic seller and looks the price gets rebound again.

Yeha uhh that's great & all but..

WHEN ?

All of you chant HODL.. until when ? Until you get to dump first ?
Of course you are going to say that.. scroll up and read what i said.

Sitting on coins with no profit is LOSS !
Time literally = money guys.
And that is obvious so i can safely assume you people are so fucking inept i don't know how you manage to "trade" at all.

Most of you are already broke.. YOU just don't know it yet.

PS:
Anyone sitting on ETH classic is going to get ass raped !
It went from $1 to $12 ?
Uhhmm yeah ahahahah  :D

Now is definitely not the time for selling. And I hope users of this forum weren't victims of panic selling. Now is a perfect time to buy some stuff. We all remember the prices a few days ago, so we know was can be achieved for sure by this or that currency. As this is true, it is quite easy to decide which coins to buy before they all recover.

I think everyone that has alts is feeling the hit right now, I am in COVAL and WBB for the ride so will be holding on, what goes down must go up lol.

I dont think it is a time for selling but as far as my investments in the altcoins are concerned, am still breaking even right now. Hope BTC will be holding the 2000$ mark and that will definitely bring up all the altcoins little by little.

Just consider the money as gone, then you have nothing to lose and everything to gain. You should only be playing with money you can afford to lose anyway. If you are gambling with money that you need in the short term, you must bail out now before it gets worse. Altcoin bubble will pop hard and everyone will be left holding the bag, atleast for a while. Did anyone think a 1000% rise in a month will sustain?

The market will come back, crypto is in a strong longterm rise. Buy some more at these lows.

Just don't sell them and hold them. Wait a few months or so.

Coming into the crypto in the first instance should come with its risk and the cryptic trading is also so funny in the sense that the price might even surge the next minute and someone might lose out even keeping long-term might either be good decision or worse decision. Either way when you get to the point where you cannot take the loss again you are free to opt out witthout any repercussions. Just count your losses and move on.

I just had to sell off every coins at a loss as i am worried and not sure how long and deep this correction would be and it is really difficult to predict whether the market will recover in a short amount of time since this is the first time i am seeing a good rally in all the coins and i really cannot trust the rest of the coins like bitcoin.

Massive correction on all of the coins right now. Do not panic, all coins wil be back

I just hold except those coins that has not been pumped or hyped yet.  I will likely sell those that had popped like NEM, and Ripple  to cut loses and buy at lower price.  Anyway that is just me but who knows maybe these coins will continue to rise.  But if you can afford to wait for longer time then hold them.

If you've spread your money across many alts then hold them and wait. Each one of them will probably pump at its own time and in the end you'll have made your profits. What's the point in selling now? Everything is red on the board. If you already have coins that you thought were sound investment a few days ago, why would you change them now for other coins that are also getting dumped and on top of that also lose money in the process.

Firstly I plan to retain most my positions for the long run, but if I were to exit, I would move from smaller more speculative cryptocurrency to larger, more stable ones like Ethereum/BTC. Ethereum will have much less downside than some of the small cap ones with weak fundamentals. Also, I am not trying to exit before the top, I would let the bubble finish, and then take profit in the next weeks after that it is clear the bubble is finished (which we will know because the steady growth will have stopped).

That shitcoins you talk about are already >50% of cryptocurrency market. Don't know where did you get information that Monero is printed uncotrollably. Ripple is the only shitcoin he holds, I would sell that shit, and keep other ones which will most probably recover. Cryptocurrency as a whole will rise 10-fold in the next few years max.

You don't get it Monero shill.. your comprehension skills are bad.

ALL OF YOU have tunnel vision on coin "prices"

The price of "coins" does not matter.. adoption does.
Class dismissed /.

I still feel like Ripple is generally overrated altcoin.
Not sure about others anyways.
But I would personally still wait for small pump to dump those coins.

Yes exactly, I just laugh when people say bitcoin price increased because of time. It's because people got interested in it more and more every year and the popularity and adoption increased the price.
To OP: holding the altcoins may get you some profit but no one can guarantee that.

Bitcoin babble has that kind of for and nature when you are boiling water when babbles raise and pop. We have to make money while it's hot. So, I think after the drop new raise will come.  

If you want to make money then you should have patience , and have full confidence whatever the condition is .
Here is myself bought eth at 0.079btc/eth but after one day it get back to 0.068/eth , so here what is my mistake , this is only that I made buy at high .
So we always buy anything at low rate .
Don't sell until the price go high .
Keep patience if the coin get constant for long time .
In these ways we can make profit .
So always make yourself full of confidence that you are not loosing your patience  and waiting until the price get high . ( regardless of the factor that for which altcoin you invested your Bitcoin ) .

there is a high speculation and volatile in the bitcoin market , so its better to Trade and invest in Alt's

Just keep it for more time, I have STR, XRP and DGB and hope the price will climb again but need more time and I will gain more profit.

Yeah I had hundreds of ETH over a year ago when the price was real cheap. Of course all the pessimists were out in full force after the DAO hack and I sold my entire kitty for a small profit. Now look where ETH is. I can barely buy 5 tokens for the same price. Nobody can predict what the future holds in store, just HODL and pray for the best.

No we are not. There is just a correction and those alts won't take too long to pump. Take this as an opportunity to buy more alts.

They will go up again. Its not a bubble as you think, mostly a correction in price.
So Alts will go up too. Just hold on few days and see

It is a common thing if you try to invest in alt coin, some of the coin you mention still got a chance to go up again, you just need to be patience, alt coin market is very unstable, so if you bought the wrong coin then you will end up waiting for uncertainty, and some of the coin I bought still end up in exchanger with a very low value, even though I want to sell it, it won't give me any good amount of money, so I will just keep it and hopefully one day it can rise up again

I will do cut lost if i have made wrong positions or prediction of price, i don't know what's method investing on them.
For short term Investment or long time Investment,
because that is different ways the short term Investment you must do cut lost (trading altcoins) but if you put the money in altcoins
and takes beneficial, you must wait although for an unknown length time.

I agree, it is just correction of price to test the markets​ in my analisys it is still up trend for long time
so i am still hold the altcoins for long include bitcoins, the trend will be back to increasing again
i think bitcoins will goes to $3000 couples months later.

It was just a correction of market, now everything is going up. You won't be stuck for long.

The only way not to lose is not to sell and wait until the completion of Bitcoin segwet after segwet market will go high and then altcoins will go up and make your coins in profit.   

I agree with you, the pump and dump seems to be a cycle, I will choose the second choice since I treat this investment as a high risk investment that I can afford it to be zero.

The never sell crowd is giving bad advice.

Theese coin in which you have invested (Ripple, Nem, Decred, Maid) Looks good and decent coins its not like other crap coins so I am sure after the bitcoin segwit will be completed they will start to recover and I am sure these good coin will recover very soon so don't worry and wait for sometime it will come back to their original place where it was before. And if you have some more money try to buy more at dips if you can afford I am sure they will give you good profit. But only invest in good and solid coins.