Bitcoin Forum

People who bought altcoins with their bitcoins are in a deep and huge loss due to the rise of bitcoin value, there are possible two options for them now, either keep holding their alts and hope that one day they would be able to recover if the alts pump, but with this option, the time invested could be too much.
Second option would be to sell the alts and bear the loss, of course with this option they will get back a very small percentage of the initial bitcoin investment, but there would be a possibility to invest in other coins and maybe recover their loss, or even just keep holding their left bitcoin and in time of course, its USD value be enough to overcome the loss.

What do you think about these option? Are you in this situation too? What do you plan to do about it?

No, I'm not in the situation right now because I'm mostly of a bitcoin guys. For those who have been trapped, is already hard to get out not suffering loses. So that best choice is just to hold on their altcoins and hoping for a pump later when Segwit2x is completed. Most traders now sold of their altcoin to bitcoin, but I'm sure when everything is done in bitcoin, they will go back to altcoin and pump the coins one more.

There is no other option than holding your altcoin.. Honestly i am holding bitcoins for only for bitcoin and i have my own budget for altcoin.. which is hoping to make huge profit like in bitcoin since i couldn't invest a lot in bitcoin i am trying to hope in altcoin that someday the price also increase.
Since there are lots of altcoin right now are getting increase after the huge fall like vertcoin if you know vertcoin it was like speeping for how many months and right now  there is a huge volume coming and hope that they can support vertcoin to increase its value in the future.
So seperate your investment for bitcoin and for altcoin..
But there is  an option that you can invest more in bitcoin and focus without investing in altcoin since the price of bitcoin is getting more price increase..

i do not think cut the losses right now is a good idea,
because this movement will not last forever,what i mean is right now in my opinion everything is bottomed except Bitcoin itself.
but nobody know about the future because right now everything is unpredictable,
and if in a few weeks later on Segwit2x locked in,there will be a storm in Bitcoin.
with that i believe everything will make their move,but i can not guarantee it.
who knows what will happen with Bitcoin after the segwit2x? maybe the price is dumping or it may be caused a lot of massive upward movement.
just holding it if you already lost it for more than 30% from your initial amount,
holding Bitcoin to overcome the losses is unlike will happen.

I do find myself in this situation to an extent but fortunately I'm not very heavily invested in alts, I've managed to day trade with the holdings I did have so that even with the price crashes I've nearly maintained my amount of bitcoin at current prices so I see no reason to sell now because if alts recover as expected I'll profit a very nice amount

Altcoin guys have only two possible options before them.

Either just sell their altcoins in loss for bitcoins and hold bitcoins until they recover their loss with increase in bitcoin price.

The second option is to just hold their altcoins until november 15th when segwit 2x would be activated.After that,surely many bitcoin holders would sell their bitcoins since they would have got free coins and they would start buying altcoins which would pump altcoin price.

So,just patiently holding altcoins for two more weeks seems to be the best option.

would it be true to say that trading the altcoins now into bitcoin to get free 2x coins to trade back into bitcoin or the same altcoins will result in a greater return than hodling the original altcoin?

I'm holding my coin whatever it takes and I can accept the lose if the faith let it happen on me, And I will just simply ignore my dump coins for now and came back for it later on next year and see on what will be the result of bag holding this shit off. But if people are impatience to wait for that time then they must drop their decision on either they can accept the sudden lost or wait for further miracle to be happen.

It really depends on what altcoins you have invested in and what percentage of you portfolio is in those altcoins. I think it’s a good idea to have a portfolio of Bitcoin and a few altcoins and set the percentage for each in your investment. I like the following breakdown or something similar:

Bitcoin 50%
Etherium 20%
Dash 10%
Litecoin 10%
Iota 10%

It doesn’t have to be these same coins or percentages. This is just what I like to invest in. So once you decide what longterm portfolio you want, then you will know whether to sell an altcoin and how much.

I think that many altcoins are again nearing rock bottom and bitcoin is reaching its peak so it is still wise to hold, bitcoin cannot sustain its current growth.

there is always only one option not two. and that is to protect your investment. and that is a general advice not just related to altcoins. and protecting your investment means dumping risky investments such as altcoins when they are getting dumped hard and giving you big losses. you prevent those losses by selling fast and selling in the early stages of the dump.

now is the time to already be out of the altcoin market and watching it from outside to try and figure out where the bottom is and also figure out which altcoin will reverse more after the bottom was reached. in other words find the altcoin with the biggest dead cat bounce.

For me personally if I experienced it, I would look at it from the point (altcoin) where I would get the loss. If indeed the loss I would get due at altcoin then I will sell at low prices then investing again to another place (altcoin), because if I let it happen until down then I wouldn't get a chance to get my money back though $1. But if the loss threshold due to factors of growth I will wait for him.

This thing would really depend on a certain altcoin holder if he would decide to cut loss and put some remaining funds on bitcoin.For me cutting loses on my altcoins wont really happen since I would rather decide to hold it up until it recover than on selling them on cheap.I cant bear the loss because if we do see the price decrease % on most alts as of now they are really on some serious price decrease.If you do have weak hands they youll end up on selling and also you cant be sure if you would able to break even if you do decide to move funds on bitcoin in usd basis.

If the investment is made after doing sufficient research then I don't think that there should be any reason to worry about. I have the experience when I saw about 35% loss for my portfolio but since I had a strong research to back my investment decision, I stood with my investment and within a period of few months I made around 10% to 20% profit for the same after covering that 35% loss so there is strong research behind it then don't worry.

Stay calm and things will be going the right way, you need to know what are really happen on the market for now to choose the right solution for it. Never underestimate any news that happened .

If you do really have trust on the coins you have invested in then we should really not worry at all.Going back in the situation where I did almost lose up or hanging on negative for almost 50% which I do already worried but I did really decide to hold on until the end and just like do or die.If you can face the risk then you should not sell at all and just wait for the recovery.

The first option for me personally. It is probably only a matter of time before the ongoing massive inflow of funds into crypto affects the majority of alts positively, unless you're stuck with a shitcoin. In fact, I've just switched from BTC into Waves; might kick myself later for this move, but I presume alts in general are gradually going to recover from the beatings they took in the last month.

It's really a messy situation for Altcoin holders right now, am a part of this too.
Rather selling at a loss, I will hold and patiently wait after the fork is over.
Altcoins will definitely come up again.

I think you should think carefully first, everything happened with their logics, so figure out that logic you can conquer the world. Losing is a lesson to become winning. Every traders have to lose first then they will claim their rewards later. Experience is a expensive lesson.

being stock on that situation it is hard to decide which would be the best thing to do to sell or to hold then if the time that you choose to hold because you believe that it will pump again but if the dumping is continuosly then you are panicking this scenario is the most common situation that happen so this is the time that their loss is so dump and mostly this kind of situation some that are still holding the trust of their coin that hold for make recover but some are not.

This is accurate on my side, lost 30% of my portfolio due to the USD/Altcoin price correction. I didn't see the quick jump to 7k and because of negligence ,due to exams atm , I'm sitting at this position.
I'm just going to take a long position, Bitcoin's bubble will burst sooner or later. Imagine it dropping to the depths of 3k or so in an extreme case.

So most people are of the opinion to keep holding their altcoins until they can recover their invested bitcoin. But you guys are not taking time into consideration.
What if the pump you're waiting to recover your invested bitcoin in your favorite alt, takes 2 years? And if you sell that alt now, and just hold that amount of bitcoin for 2 years, you may increase the worth of your assets by 500%(just saying) which does not likely to happen with any alt at the moment.
Why time is irrelevant for you? I think time itself must have value in any trade or investment.

myself is holding the altcoin for more than 6 months and i am fine with this and i still have faith that altcoin price will be increase back and maybe it will increase the worth of our assets by 500% like you said. actually i can sell my altcoin in every price that could happen because in 6 months ago, when i bought the coins, the price is really at the bottom so if i sell right now, i can make profit but i don't want to sell now because i am waiting the higher price for all altcoins. so i think time will be my best friends. beside that, i still have doing trading with other coins and i still make profit with that.

your second option is better than you should let loose your loss. Find the other coins for a small percentage but you can recover your losses. In trading you will not be able to earn money if you only wait until you analyze your investments so that you can earn more.

Yeah many us here are experiencing that too like almost all of the alts now are kissing the ground and we didn't know how long will it sitting and all we can do now is to just wait while the rally isn't over.
But I doubt that bitcoin is just a bubble as this is rises because of the announcement of Chicago Mercantile Exchange or CME that they will support the future of bitcoin and with this bitcoin gains more attention in the market and many business tycoons now are thinking to invest in bitcoin.
So I think, people  learned their lessons not to put all eggs in one basket.

For me patience is virtue, so I don't need to panic even if all my stored coins are not moving up, beside I have may reliable source that all of my stored coins have a big potential to pump up this coming December. And I believe in her because I already tested and proven to hear thoughts because I already gain almost 40 percent of my profit since I bought my coins when the time that the Bitcoin price is super low. And as I check in my wallet now it already gain a lot . So I suggest patience and trust is better things to do.

You're right. Actually they have only two options. And in my opinion the wisest option is waiting. Selling your altcoins as soon as the price has fallen I think it is not a good choice. Maybe a few days later you will feel regret. Keep hoping it will give you a chance. And Maybe you will have more profit.

Give up and choose a new breed

its depends on you if you have strategy in trading some traders set their price for losses so that they prevent for huge losses of their money and move on to other coin, but if you feel this coin that it will pump up soon then hold it but we don't know how long it will go up.

I am currently holding all my Alts right now,  there is a crash that is expected soon, so with that hope I am not selling any of my alt coins and the alt coins I have invested have a really good potential, so no use of panic selling it.
Assuming that, if you sell your alts at a loss, the amount of bitcoin you'll get will be comparatively way lesser than what you had invested, and literally all alt coins are facing a terrible situation and reinvesting is not suggested.

I also agreed with you opinion.I think its a huge dump of alt coin.recover the loss is more deficult and need huge time.If you hold the alt coin the loss can be recover but now this time i think selling with loss and buy bitcoin by the money is better than holding alt coin.

It is too late to sell now that BTC has doubled, the alt coins BTC worth are halved, selling now means you'll have half the BTC you paid for the alt coins. It's best to wait out the free segwit2x coin around nov 14. After that BTC will go down a bit, then alt coins will rise again.

That's why stop-loss is so important when it comes to trading. I personally have holdings on some alts that I thought would do well within the next two months. I have the feeling that they will be successful but just in case, I put my stop-loss threshold at 10% just to save my ass in case some stupid bastard decides to dump. Then it happened. USD wise, I still have my money, but I don't want that. I wanted to increase my bitcoins to maximize my profit. I lost 10% but I still have the money I needed so no biggie. Just move on and find another coin to invest in.