Bitcoin Forum

Anyone else getting murdered on altcoins the last 48 hours?

Seems like BTC goes up, alt's go down....

I'm holding, and have snagged a few free coins / profit selling 90% at +20%, but lately my folio is looking like a sea of red.

Do alts eventually regain lost value from BTC appreciation?  Or is it a one way street, BTC up, Alts down?

So far, BAT, VIA, CFI seem to be gaining despite the trends in my other holdings.  

I'm really disappointed in Dash.  I was expecting great things for that with it's diff rate constantly reaching new heights but so far it doesn't seem like diff is actually making much of an impact on it's price.

Things are barely moving. Relax and hodl. Tiny movements like these mean absolutely nothing in crypto. Also a lot of my alts are up so I don't know what bloodbath you are even referring to. Anyway, just hodl and chill :)

Its an usual thing. When bts stops alts go back up, but not as high as they were. Some regain old values some dont

I keep expecting OMG, MCO and PAY to take off but so far no joy.  Well like you say, patience.

I think part of the problem is I made a custom folio viewer for Bittrex using their api, it shows profit/loss, average buy in price, etc differently than theirs does, so it's easier to see exactly which ones are losing money and how much.  Maybe I should switch back to Bittrex's view, so much easier to forget about lost money lol.

https://s29.postimg.org/4u5wgzgk7/bittrexinator_screenshot.jpg

The age old adage, "what comes up must go down" seems appropriate for crypto.

Jesus I wish that's all my losses were..

Yeah that's the only thing that keeps me from being more bleak about it.  Basically I have nothing in the market, it could all race to the bottom and I don't really care that much.  I can only imagine if I had some real money in it...

Good learning experiment though.  Looks like altcoins are a very, very risky investment.  I'm going to let it ride with my sells in place though and see what catches.  So far I've snagged a few free coins, and that's kinda cool.

FYI my losses have ehhh... gone up quite a bit since I took that screen shot.  Still though, they'll never go up more than $200 so whatever.

Good luck, I hope your reds turn to greens soon!

My altcoin portfolio gained 3.89% in the last 24 hours, things aren't that bad, at least for me.

I've had a handful of weekends where I've lost 30%, crypto is volatile AF, HODL and it should come back.

Just hang in there brother. Bitcoin is now strong but it will need something more to pass $5000 mark. Every altcoin has its time, but if you have weak hands you can just sell your bag and invest in another coins

If bitcoin rise slowly altcoins also rise. If bitcoin rise hard, altcoins decrease. I think people are scared of bitcoin's hard rise so they sell their altcoins for btc.

Yes 100% truth

Here is the pattern:

Bitcoin price spikes hard =altcoin blood
Bitcoin is slowly rising = altcoins rise
Bitcoin is down = altcoins blood

Hey, I was promised instant riches. 

WTF.  It's been like... 5 whole minutes now.

(taps foot impatiently)

But which coins are you holding?
I only hold the best coins, and i am currently holding 5 coins, they all are in green and more than 5% in the last 24 hours.
I have Monero, Ethereum, Waves, Neo and Litecoin. I think you should take care of wich coins are you going to hold.

Current movements in the altcoin markets don't seem too extreme at the moment. These are probably simply 'usual' ups and downs in a trend that still can be considered bullish if you look at a wider timeframe. I'm pretty confident the massive inflow of funds into the cryptomarket will eventually reach most altcoins.

I agree with this.  When I first got into crypto I was a big fan of the low priced shitcoins.  I would buy hundreds of thousands or millions of each.  Things moved slowly and I was unhappy with them (XVG and DGB are prime examples).  As I have progressed, I sold off all but 2 shitcoins.  The majority of my investments are in 8 coins (2 shitcoins, 6 higher value coins), which currently are all doing very well.  7 of my 8 coins are in the green during the past 24 hours.

Yeah it's a good time to buy, and that's what I've done for some coins I think are under valued like SC and XLM.

That's helped push my average buy in price down significantly, so hopefully that recovery isn't too far away.

It's ok if it takes a while.  I'm not really as impatient as I sound here, I'm prepared to hang onto all of my holdings to the end of time if that's what it takes to see a return.  

I think you're onto something there.  DGB has been especially disappointing.  It looks so promising, slick operation, they've been at it a while, etc... but the chart looks bleak.  Maybe they have too much inflation built into their system?  I dunno, it's dragging my holdings down though.

It seems bitcoin is trying to break the 4500 mark again and it is greatly affecting altcoins, again. Like everyone said, it is good news because you can buy your favorite altcoins cheaper this time.

That was just a small bloodbath, i think the game is changing soon. Most alts trying to build some new bottoms and load some fuel. When bitcoin goes up very high like the last weeks, the most alts are going to follow in the next time.

Yup, its only a small correction mate don't panic and everything will be fine. There are still few coins that are trying to recover. I'm seeing a good gain on ETH today as well.


Yup, I guess, the best thing to do right now is to buy into those dips. Just hang on, most of us have also experienced it and patience in crypto is really a virtue. Hodl, buy more and stay relax. I'm pretty sure that it can recover in due time. I have seen this before, and believed me they can rebound as fast as you can blink.  ;D

I'm not sureI would call it a bloodbath. Most tokens are down a few percent in the last 24h. Some are up. Unless you need cash now, hodl what you've got and buy more of what is in the crapper

The last 48 have been good for me.  I own mostly BTC, ETH, NEM, LISK, SIA, FCT, and SIGT.  Apart from SIA & SIGT, everything is a bit higher than it was 48 hours ago.  It seems the last hour or so has shown a decline though.

Seems pretty good to me. I have no ideas what shitcoins you hold, but Cryptocoins are doing more then well.

https://image.prntscr.com/image/3sUWmpBGR26f7q5F6JeWjg.png
https://image.prntscr.com/image/4BkfuSAtTiSfD5Lh4gGHsw.png

Well that did not take long. BTC took its weekend dump and now most of the alts are back to where they were a little while ago. At least mine are. This whole alts to BTC correlation is so weird because they never sync up correctly..

Yeah I'm seeing that too.

I keep thinking about robo-traders lately.   Like 'gunbot' etc.  I wonder if someone could make one that just keeps moving capital around from BTC<->Alts based on BTC movements to make some auto-profits.

Yep every altcoin is connected to bitcoin. It actually makes sense because without bitcoin they would not even exist...

I'm back to profitable and about half of my holdings have converted over to 5% of original stake, for buyin price of FREE, plus my original purchase rate

yay :)

It's much easier to watch prices fluctuate when you know that you essentially didn't pay anything for the coin.

Here's what my holdings are looking like today.... much better

https://s29.postimg.org/om1okkjh3/bittrexinator_screenshot_08262017.jpg