Bitcoin Forum

Sorry for the late message, I wanted to address this yesterday however juggling work, life, family and personal portfolio management is proving to be a large task.
Just a quick note for all the new comers out there. For those of you who are yet to experience a "BTC run", strap your self's in, because all signs are pointing to the fact that BTC may start its climb again.
Essentially what I want to say is, if you see some of your alt holds dropping, DONT PANIC SELL. This is a normal occurrence when BTC goes on one of its tangents. There will be blood in the streets people but just remember HOLD your positions.
Without this being financial advice, one might also suggest you consider liquidating short / mid Alt positions for BTC, while it goes on its run. This does have its risks to be aware of, but it is common to do so.
As for long holds, bury them in your ether wallet and forget.
With 16.6 K resistance broken, a march is pretty much confirmed. It is highly recommended you avoid trading at this time until the market gives more indication around what it is up to.
There are two scenarios here :
1. BTC rampages and alts bleed (ALT DISCOUNTS - YAY)
2. We start to see more steady growth again with small p & d's as she continues to climb.
The main take away from this post.
- DONT PANIC SELL. If you choose to hold your alts through the few days. Be prepared to see your market value quarter if you choose to hold your alt positions. They will recover over time dont worry, but if you plan to HOLD, make sure to stick to that plan.
- If you choose to liquidate back to BTC (short to mid holds), plot your entry and exits NOW, have a plan. This could be an opportunity to churn some of your favorite coins once the discounts open up  ;).
Any questions ask away.
Cheers,
Happy Trading.

Good post and good advice for the noobs. I missed this one and couldn't be arsed to liquidate. Just going to sit, ride it out and wait for everything to correct which means holding.

and for anyone saying that it's only certain coins that have lost value, that's incorrect, most of them have. This happens regularly in crypto world so don't freak out or panic (as you said in your title).

thanks its helpful , well i think its always good to reserve like 20-30% portfolio on btc , in case the discount open up , im hording my so called shit coin for now , selling in 2019 , day trading only for now , to pay the bills , and next month eth etc expanse , the ethereum alliance is having big agenda

Good advice except the opposite is happening right now. FUD from Asia is crashing the market the last few days around this time of the day. Bitcoin drops 10% then alts drop the same amount.

yer unfortunately now its totally random; alts are down and so is bitcoin, so I would say holding steady and being very careful what you buy (and sell) is a good choice

when its BTC down, and alts up its a bit easier. likewise if BTC up and alts down, its easy to predict what the movement is.

day trade at your own risk

The market is heavily down due to S. Korea news. Hope the bill doesn't go into effect

https://www.reuters.com/article/us-southkorea-bitcoin-law/south-koreas-justice-minister-says-preparing-a-bill-to-ban-cryptocurrency-trading-idUSKBN1F00B7?il=0

This should affect only the exchanges that are not following the laws
or paying the taxes. Hopefully crypto markets will stabilize by tomorrow.

Alot of people from past year cashing out and make profit thats why we enter corrections phase. But dont worry this not gonna take so long. It will recover again. Bitcoin and all altcoin will still goes up if we investing for very long term like 3 or 4 years from now. But at this time day trading is very danger becaus3 or volatilities

Good point of encouraging traders especially the new players because even i myself wondering why is this is happening in which it is like a systematic fall down of all digital currencies value maybe haters of digital words done this but the better action for this is really to hold because getting panic will just makes things worst.

Got this on my twitter feed from a trader:
Just called my counter part in Korea, he says that the reports are FUD. The position is that the Korean authorities are clamping down on unregulated exchanges and exchanges that are not compliant. Further they are auditing the quality of the KYC. A ban is not on the cards.

Sorry guys, but FIAT is bullish for this year

Yeah, good point. This post is for those panic sellers and holders that don't have guts to hold their coins easily affected by FUD's and fake news of big investors.

EVERYONE CALM DOWN


https://www.forbes.com/sites/pamelaambler/2017/12/12/south-korea-is-not-banning-bitcoin-trade-financial-regulators-clarify/#f987bbd14270


It's fine - buy cheap coins while everyone doesn't know the real situation

Shameless plug / shill - buy APPC (AppCoin)! Resistant with all the FUD and still under the radar :)

What? Alts are down? Setting up price alerts for new ATHs on my portfolio.  8)

Back in the day, we used to call the kind of behaviour that is going on in South Korea right now, "Revenue Hunting".

The government is all upset that they are not getting their "fair share" of the peoples money, and they're gonna roll in and make them all scared and pay up or face consequences.

I am all about avoiding total anarchy in the streets, no disrespect to the OP's claims on being a crypto-arnarchist, but I do enjoy seeing bureaucracy and it's goons getting their noses tweaked when someone else makes money and they don't.

Most coins are already going up from their bottom an hour ago. I think this
should be it for now. Hope to see nice green tomorrow.

 

most of coins  are  recovering,  XLC (listed on Cryptopia)   leviarcoin   it's rallying

https://coinmarketcap.com/currencies/leviarcoin/


https://www.blockchaindailynews.com/LeviarCoin-Announces-Crowdsale-for-Its-Revolutionary-Blockchain-Based-In-App-Purchases-and-Software-Protection-Platform_a25482.html

For rise you need new people buying in. Currently this is not happening. So yes, still bearish market

So wjats yours prediction what will happen this time? Btc rampage or stady growth?

Where do you think that Bitcoin will reach in the next leg up? Someone in the telegram channel said, next bull run will take btc to $40k-$50k, will you agree to this range?

Straight up shooting to $40-$50k?
That can't be good for transaction fees

It winds me up that any negative or partially negative news coming out of North East Asia has such a detrimental impact. We need to nurture strong hands, we'll never get to a trillion dollars if we continue like this.

Great advice. One of my coins I own called Gulden (NLG) has not been affected by the marketcrash at all. My other altcoins were affected though. I just hope all the alts and bitcoin itself get out of this dip stronger than ever.

Good advice,  not sure im evening touching bitcoin right now.  Even if hits 50k, thats not even 3x the money, jsut too high of entry fee now.  But im hoping the alts make it worthwhile.   Guess im blind but entering bitcoin now just doenst seem like much money for noobs  unless I had like 500K to invest  (and then I wouldnt need to be investing LOL)  

It's because of the way that news is mostly reported, we have people translating it who don't translate it properly either out of poor translation or so that they can portray it in such a way to benefit them. The titles were all along the lines of 'south korea to ban cryptos' whereas they more accurately should be along the lines of 'South Korea looking to put controls in place to control illegal activities connected to crypto and better protect customers interests'. Now everyone complains that the mainstream media are influenced and bought but given how effectively prices can be manipulated by changing a few words would it really come as any surprise if writers for major crypto news sources aren't editing things in such a way as to benefit themselves?

Very good post from you. Research the market is the only thing you can do. Panic Sells are for the weak hands and the HODLER´s best choice :)

Can't be good for transaction fees and also probably won't happen. Bitcoin is facing struggles even recovering towards its previous ATH just under $20k, for it to then push through and go a further 2 - 2.5x seems a bit optimistic given there are quite a lot of bearish sentiments around with korea news and transaction fees still being an issue.

Good post!  8)

https://twitter.com/CryptoGaps/status/951588364486000640

It will pump soon ;)

Strong hands will prevail. But first I need to lay off peeking at charts every five minutes. Is it green, yet?

This is very useful info, thanks! A lot of traders today are now confused as to what will be the status of their investments due to the market movement. Choosing between holding and selling could be quite stressful for some at this point. It's either let go or keep it in! But eventually, it will boil down to a trader's decision.

Not yet,, it is still red... I hope it will be green soon..


Yeah, it's been so frustrating to see all my investment go red.. I hope it will rise soon ~

This news makes the market go red, but some coins were not affected by this news. However the market will recover   after a week or two. Just dont panic and hodl only

This year will not be a boom year for bitcoin but also for low value altcoins. The market is falling quite deep, if you can wisely invest in altcoin this time because it's at the bottom, buy it and keep it for a few weeks you'll see great results, I trust that and I Also bought a lot of altcoin today.

Unfortunately (for buyers), not all altcoins are down.. i.e. Neblio. Market went down, Neblio up. Same thing happened before the Christmas correction  ???

Not panic and the key are the key of our successfull in this cryptocurrency world.
So by joining this cryptocurrency world then you need to save this characteristic. Stay calm and dont panic.

i agree, we see a bit of news which is over hyped by the media
because they like to give bitcoin and crypto a good kicking at
any opportunity they can.

I used to get really peed off watching the price drop after some
news article last year but now I look at it as a "CRYPTO SALE"
and a good time to top up my holdings!

is it going to be green soon? what if price keeps getting lower and lower?

Another alternative strategy is to shift some of your positions to current promising ICOs, such as ArcBlock, and their discount prices since if BTC rallies you will get a good bang for your buck once the coin is listed.

The advice sounds good, but I'm not sure if planning touching bitcoin right now.  Even if it hits more than 50k, thats not even 3x the money which I put inside, too high entry fee now so it is difficult to decide.

This is the market my friend . Here's what often happens . Great uncle wanted to buy some cheap BTC and released news . Day Red changed to green . You need patience

Thanks for taking your time to share your knowledge , experience and visions with us. I am also expecting a climbing run in bitcoin soon. It’s already been hanging around low levels for awhile now. It’s time is coming. When it happens don’t panic. Plan your moves now so you will be ready when the day comes.

One of the bad and good of crypto is that is easily react to FUD, the recent South Korea exchanges raid coupled with China banning BTC mining are two news that have prevented BTC to make more gains but it is good thing because we have new floor for support

When we will not be seeing threads like these one? The volatility of crypto will never end. There will be ups and downs, when do people will learn that this is just normal?

haha

You shared some important insights there so thank you. I am expecting lots of ups and downs in the upcoming months so we should be prepared for it.