Bitcoin Forum

Bitcoin bull run has a sad occurrence that sees alts dumping in price which leads to many noobs panic selling their bags to the whales and smarter investors who knows how the market operates. While many will be advising you to dump your coins, do know they're those waiting patiently to steal those bags off you as there's another occurrence that not many tends to highlight, which is the fact that alts bounced back after the bitcoin rally are over. Don't be that user that'll regret selling their bags during the rough times instead hold unto your investment. You holding unto your investments has to have some very strong backing like the project has to be really worth it and not the hyped shitcoins getting listed on all exchanges this days. Do your due diligence and get the coins now that they're cheap because a bounce will be coming immediately bitcoin rally is paused.

Got it, some people have been starting to fill their bags as their preparations for the altcoin bullish trend that will come after this. I strongly hold altcoin in my wallet.
I have sold some of my altcoins to make a preparation if there will be a big correction that will happen.
We are on a very difficult situation to pick which one is the best sell or hodl. Both were making so many people confusing right now. The bounce that will happen in altcoin will be even bigger than before.

All depends on when you are entering.

If you enter in the past 1-2 months ago, should be carefully but if you enter a year ago when the price around 130-200$ nothing to worry. Because, when bitcoin gain up/down all price with bitcoin pair will be down but USD estimation will be up. So, if you buying a years ago don't to panic because you are buying the deep this could be a chance we see 2017 again.

BTC ETH - Tier 1
LTC BCH XRP LINK* - Tier 2
ADA XMR XLM EOS  - Tier 3

* keep under watch

The rest is highly speculative, either as a wannabe or potential has-been... just my 2 satoshis.

Agreed, I always prefer the top coins of the market and now planning to sell some asset to buy coins if any corrections happen in the market. Altcoins are always scary except the popular one's.

Holding too depends on the situation also we need to observe the market and sell if the trend is going to swing, I am holding my top coins till the end of the year and selling few holdings.

Always be cautious with your alts, many of them will suddenly die not because Bitcoin's price surged but because they are nothing but scams. Hodl only very carefully picked altcoins. The rest you better sell for Bitcoin because Bitcoin's price is going to double more easily than those cheap altcoins. It may be hard to imagine a $16,000-priced coin to more easily double than a $.0001-priced altcoin but that is the reality with Bitcoin.

I agree with QueenVera. Make your cut loss or hold but cut loss should be done earlier. With my investment, I will hold my altcoins and it is the period to hold them.

Simply to think of the capital cycle on the market. Money or capital flows from bitcoin to altcoins and in the last month the market sees the flow of capital into bitcoin. When  bitcoin game is done, altcoins will have their due diligent opportunities to rise. You need to survive through massacres before better things to come. Margin trades with altcoins in this period are very risky and they can kill you when you are sleeping.

It is an profit  about a basics for the invester, but it is to make you fear? It is more problematic to test the psychology in this field, the uptrends are not discussed here and people see but the news is not good about it and start to panic, but I see that people need to understand them. What are we waiting for all this time? So there is no need to worry if you can keep it up for the next few years period.

Altcoins will pump soon

Yes I'm certain that altcoin season will start soon but not 100% sure because crypto is just too unpredictable, still it's better to have some altcoins in holdings just in case altcoin season really happens, this won't stop me from taking profits though, I love taking profits more than waiting for bullrun

This is the best time to start buying altcoins and HODL, once bitcoin goes higher and reach a certain amount it will run out of energy and dominance will start decreasing, I can bet with you that whales won't hesitate to start dumping bitcoin for altcoins and a new altcoin season we've all been waiting for since 2018 will start again

it's not necessary to buy top altcoins only because last altcoin season even shitcoins brings insane profits to all holders, some proven that they make more money from shitcoins than top altcoins, you can mix top 10 altcoins with few cheap altcoins under top 50 or top 100

Cryptocurrency market started to raise and there are a lot of of differemt altcoins. Every day a lot of new altcoins appear, Some of the altcoins are prospective, but not all. Also it is impoatant to check the code on altcoin to understand how secure it is. Here some information about securuty of altcoins and some other impertant things - https://bamboodefi.medium.com/. Please check it  ::)

Those who have been in crypto industry for a long time already know how and when to sell their altcoins off. Dump times means an opportunity to buy more but newbies or even some were regretting after selling their altcoins because they were carried away by panic selling.
 
  A wise altcoin holder will make a target profit and a target price before selling their altcoins, if not, holding it one of the alternative way to still make.

I can't blame the panic sellers, I've been investing on crypto projects for a long time before knowing about this forum, majority of the time s and coins I invested on turned scam and dumped massively, I'm able to recover right now because I decided to keep taking profits, every thing about crypto is timing so now that Bitcoin bull season is back it's not too late to start buying altcoins

You are absolutely right, most of the alts projects are highly speculative so very risky to hold majority long term if there is no strong base for the project in question, most alts are only worth to sell as soon as you see fit or just for short term, but this does not apply to all, there are some alts that worth holding long term, in other for you to determine this, just look at the team, the structure and goal of the project, then you can decide to hold long or short or even sell immediately.

Why does it matter when you bought or at what prize?
Either you believe in the future for the coins your holding and then you should keep them, if you don't see a positive future sell them. It doesn't matter if you are on plus or minus, it's all about what you think about the future.

Basing decisions on if you are on plus or minus is the biggest rookie mistake I would say.

I would rather sell at this point, I have already learned my lesson in the last bull run when I hold a little longer and got amaze by how bitcoin was pumping. The movement of bitcoin now is bullish, but it will not be forever going into that direction so I think greediness here is the only hindrance why we can't sell easily.

I really like the statement about holding altcoins with strong backings and projects that worth it, now the question is, how many of these altcoins are even worth it? They enter with hype, have massive pump and then dump, and some people will still be holding with the mindset it will pump again, when it's already evident that their growth were as a result of hype, and hence nothing much should be expected.
My own opinion is, Bitcoin is the best out there, and its growth always attract more attention and more investors, and it is altcoins that suffers this, and these category of altcoins are those with no strong backings, those that were just hyped etc, in this case holding Bitcoin is far better than those coins. Also, coins like Ethereum always grow with Bitcoin, so in this case, I think holding is also better. This means that, your selling or holding should depend on the type of altcoin.

I would not say that altcoins are now falling in price due to the fact that bitcoin is growing in price, on the contrary, now altcoins are also growing in price and now we need wait until altcoins will increase in price even more and then we will can already fix profit, of course, if a fast altcoins dump will start, here we by ourselves must decide whether to sell our altcoins or not, but I will wait, because altcoins will still grow to new heights in the future.

If you follow the trends of 2017, you'll see that BTC will go up, and alts will fall behind.
Then when people made a lot of money on BTC ($20k+) they will start investing in alts. Then the alt season is coming

The market is showing itself excellently now. I also think that after Bitcoin starts flat, really good alcoins will show the same phenomenal growth! But to be honest, I know very little about the safety of altcoins, so I will definitely read your article!

The word "safety" doesn't really fit out neither with Bitcoin or with alts yet everything does have its corresponding risk that's why we should really be careful on making investment decisions.

Everything should be realized and analyzed and don't let your emotions control you because in times like these where your mind is really minding much about correlation and possible movement
neither with btc or with alts.

If you do hold a certain alt then its up to you if you decide to hold for long term but if you do look that it is worth for you to sell early for profits then that also depends into your own
discretion.

I have the same point of view because we have expereienced this in the past. I am talking about raging or parabolic btc bulls where all other coins are under pressure and it is hard for them to maintain value because people start flipping alts to btc to take advantage of the run that results in even more pressure on alts.

it seems that usually when btc goes up altcoin will go down because it's basically looking for profit
sell some alt coins to take part in bitcoin when it is going up to a certain point, a profit-seeking strategy when alt coins or btc go up and sell half to follow the trend but the risk is too high if you join in the middle, not at the beginning, depending on yourself keep holding until the alt coin price rises by how many% or according to the target by seeing the rapidly increasing movement of bitcoin

indeed, people should know what must they do with their assets in currenct situations
and didn't panic and selling all their alt, so they will not regret it
regards

I would say holding would be the right call for now. If you sell right now you are going to regret later when they go up, if you buy right now you may not have enough money to be patient and have to end up selling quickly before it could potentially increase, but if you just hold whatever you have like it is not there you could make a profit, you already have enough money obviously since you bought before and haven't sold yet, compared to buying now which could be undecided if you will need it, hence I think holding could be the perfect approach.

What I do not understand however is the fact that people who sell early now after holding so far, you have come thus far holding all your coins, why get out now? What is so special about a bit of increase? You could make 5x that profit if you just wait another year.

hile they sell then we buy, yes this is how to survive in the crypto space. Take the opportunity as soon as possible, but remember to consider before buying coins and also have good financial management, especially investing only in the top coins. I personally started updating the asset and tried to add as many top coins or coins as I thought it was worth investing in.

I do not have a lot of alts but those that i have i will keep holding for longterm because i trust my choice and even if bitcoin's move put alts under pressure it will not continue like that for long so no need to worry really just relax because then it will time for alts to move big.

It depends upon which coins you are holding, the top coins in the market rallied alongside BTCitcoin which includes Ethereum, Litecoin and there were a few surprised rally from EOS and Aave and the DeFi market was also having their upswings in both directions, my opinion is to be careful dealing with the DeFi market as i wont be surprised if the hype will die off and the high valued tokens going back to the price they started.

Stick to top 10 or possibly top 15 coins. Maybe add a small flavor of smaller coins you believe in to get some extra spice to your portfolio.

I try to stick to the top 10-15 with some cherry picking. I have added small stakes in potential mooners
You can checkout my portfolio here
https://altpocket.io/profile/Octular (https://altpocket.io/profile/Octular)

I sell if I'm in profit and there's nothing wrong selling earlier if you're in +%.

And I hold if the coin that I've bought is still bleeding. Yes, there's nothing wrong to sell and hold until you see there's profit. That's the basic strategy that I do if the coin I hold and I believe is still bleeding and I'm in the lose, no problem of holding it.

I only lose if I sell with loss.

Being able to stop the loss and shift to other investment like Bitcoin can suit well at these time as many were dropping their altcoins to enter BTC, but after if there are some drops or continuously drops experience by BTC others will shift back in altcoiks, that's how the market goes only few altcoins are worth keeping so when there is chance to enter in BTC and know will be able to gain some profit then better take the chance to have more BTC and return in trading once earned some profit.

Selling their bag of altcoins is the best they could do and take the opportunity to earn USD, if they do not sell now, they will just suffer holding a bag that is less valuable. What they can do is buy back those altcoins after BTC hits the previous ATH because that may be the time when fees are going to be at the most peak that BTC users will try using altcoins in paying.

This remind me of 2018, that was the period I joined cryptocurrency movements when all Alts were bleeding day by day, week by week and as we each new month the market continues to tank in red. So many were afraid that Bitcoin was even going to zero but was bottom at $3kbto $4k region.
what is the future of altcoins with this bitcoin bull run?
Personally, I will sell my Alts at this point as the next move is not certain but bitcoin may do another weekly wick to the downside to clean long tradersbor it might go up and better still hold onto bitcoin instead of altcoins.
When bitcoin make a major correction of - 10%, altcoins ( shit coins) may bleed their entire yearly gains.

If someone is not confident about their alt bag then definitely he should sell or flip into bitcoin but if you are sure that you are holding top quality altcoins then there is no point in doing that because we have seen good alts to really skyrocket after btc finds the new highs and potential percentage gains for alts is more than btc so holding alts is not a bad choice.

This make little sense to me. What matters is what you believe in the future for the project. If you are on plus or minus doesn't really matter.

I would rather say trend is your friend, unfortunately in both ways. Cut bad coins that are going down and find better projects with a bright future. Don't be afraid to cut losses.

I bought some more LTC about 2 months ago. Very good decision I think, because LTC is still performing far below its level.
Apart from that, of course, I'm going for BTC, where I parked by far the largest part of my investments!
Apart from that I still rely on XTZ, ETH, ADA, MIOTA...
A little bit TRX and CHSB are also in my portfolio!

But for me it doesn't matter so much what is happening right now. I think the course gains are absolutely great, but I'm already so relaxed and I look at the course calmly. If I look at it that way, I have already completely recovered my original investment. And not just once but many times...
I now see it as a complete long-term investment, and I only focus on projects that have a future. That is not many...
In 2017 at the ICO boom I made some nice profits, but that would be too much work for me today...

Actually hold is a good step to take so much profit, but we must make sure that we hold the right coins. We don't want to hold coin which doesn't have a bright future. A new altcoin is so scary to hold but it doesn't mean all new coins are scary, if you can find the good one, you are a lucky person because you find the hidden treasure.

I just angry how altcoin price movement at the current sentiment market. Most of them only just make me loss money, because their price movement in one side trying to follow bitcoin price movement. But if there is a correction its price just dumped a lot more than I entry then I was loss. And the other side, altcoin price is trying to not follow bitcoin movement. Like bitcoin price up then we will see altcoin price just decreasing. But, it is just for a while, I mean there is a situation if bitcoin is trying to meet a correction almost altcoin price dump a lot as well, and it was made me confuse.

True, that's why it's "HODL" since it's a long term hold hoping in the long run, the project will improve and developed so it will become more valuable.

We investors always do the best we can to carefully evaluate the coins we are holding that we believe its potential in the long run, however, we can still make mistakes as no matter how we try, we can't guarantee success, that's the reason it's also called a high risk kind of investment.

Majority of the cryptocurrency assets are high risk investment but if you are smart enough to invest when the market is having a major correction and invest in the top established coins with good development team in the market then you will profit when the market recovers, always the entry is important and if you sort that out then the risk is much lower and the reward is much higher than any other financial asset.

I don't buy bad coins and I know what I buy so if I believe in something, I knew that there's in store for it. Thanks for the tip about cutting losses, I do that if necessary but most of the time I don't.

Just like when Ethereum was on the plunge, I did buy it at the cheapest price. I don't just buy random coins in the market because I know that trend is a factor that will quickly change the setting and fate of a project.

Holding never gives assurance, selling is also an option and a good idea of we are already in profit but of not, you are making yourself out and lose. In that case, holding is the best thing to do because nobody knows if altcoins will be in following the trend where Bitcoin has it now. Have that positive mindset, unless if you are desperate enough and willing to sacrifice but for me, it's a big NO. I did this before and so no changes will take place. Being impatient will lead to nothing but just a losing end.

It matters if you consider the longevity of the time you are going to hold the coins. Like for example, if you bought $20,000 during 2017 and planned to do a short term trade but suddenly the price got dump, then it'll really impact your decision. At this point, most traders are just in for the potential monetary profit that they will gain for a limited time and they are seeing Bitcoin or altcoin as an option because of their volatility.

Still, it's not really a reason to expect altcoin rally. I mean if there's any it will be those major altcoins and some of minor altcoins that's gonna be rallying up despite bitcoin dominance increasing. Those major alts like ETH are also eventful and have strong reason for its price rally meanwhile some of altcoins out there are sitting and don't have any effort to anticipate bitcoin crushing their market.
You might buy cheap right now but also be cautious for the price could go down even further.

Now is not the time to start selling or dumping altcoins, it's the best time to start buying before it's too late, it's very easy to see that altcoin season is near, bitcoin always takes the lead first and after few weeks of surging the market will take a new turn on altcoins and market will be bullish

Buying bitcoins and altcoins during the bull run is the best time because grabbing this kind of opportunity while its prices increase can give us a considerable amount of profit, and then we sell them when they have reached their peak. Unlike buying cryptocurrencies in a bear market, it will only profit in a short period due to falling prices.

Altcoins are already playing a huge role in the cryptocurrency world.  We must focus on promising projects with a good working product, then in any state of the cryptocurrency market we will feel confident.  Bitcoin still has a price dominance for other cryptocurrencies, but its price growth is not always accompanied by a fall in the price of altcoins.  I invest more in ethereum and now I am generally satisfied with its price growth.

Mostly newbie sell their token/coin when they see market going down and actually big whales playing with holders they control the price by sell their little amount of tokens but If we talk about BTC so when BTC start going up so people sell their tokens and buy BTC, they are in loss in reality we should not panic because real projects will go up when BTC price stop hyping as you said.

They are panic and worry if the price is going down too deep without having a chance to increase again. They don't know what will happen with that token/coin, but if they have the potential coin, I think they will not sell even if the price down lower than the price they bought. They will still hold the coin/token and buy more because they think it is their chance to increase the token/coin amount.

Some newbies sometimes panic easily because they hear news that is not even clear where it comes from. ofcourse there can be 2 types of early sell depending on the project. If it's potential, early sell will be very detrimental and if it's just a pump project, I think maybe it's the right decision. We have to be smart in assessing the project situation

For me it is about analyzing the chart of a certain altcoin in order to know when to hold or when to sell, right now the bitcoin dominance is continuing to increase so it only means that there are many investors who are cashing out wherein they are transferring their money into bitcoin. If you are an altcoin trader, it is better if you will lessen your allocation and focus on altcoins that have high market capitalization. There are a lot of low market capitalization altcoins that are continuing to dump and for me it is the reason why we should avoid shitcoins nowadays.

Do you see altcoin triggered right now? i don't even see that is happening with altcoin right now. It doesn't mean when bitcoin gets a pump and altcoin will be dumped.
I hereby say that is not true at all. Sometimes there's a condition when altcoin can still surge along with the bullish trend that's happening with bitcoin. These all depend on the hype and sentiment in the market.

It is all about sentiment of the market, like right now where bitcoin is the current crypto that is trending wherein it keep making highs. Look at the movement of the altcoins right now, it seems that most of it are stable but the good thing is there are now few altcoins that are making good moves after the price surge of the bitcoin. For me it is now the best time to get position in altcoins that are worth like BCH and LTC.

They do not know and less experience in cryptocurrency so its easy for panic selling assets when price is dumping, I think is not negative mindset from investor just have less experience with investing in cryptocurrency because they look easy for influence from to other to sell assets without hold, its happen when buying some coin on the top price because looks influence from the other investor to buy coin and they will sell after down and faced panic moment. After faced two time like this they will realize and know have make mistake and teach them how to be profitable in trading.

Don't completely believe that altcoin season will begin soon, it's better to hold some altcoins just in case but I prefer taking my profits no matter what, you need to be extremely careful from now on as nothing is 100% sure in crypto space, buy altcoins you like and hold but don't hesitate in profit taking

I think it is better if we will not listen or follow the tips or the rumors because some of them can even lead us to make bad decision that can result to incur losses, if we have plan then we can handle different unexpected situations. I have altcoins these days but I have plan incase there is a dump that may happen, a lot of people are easily get panicked because they do not have plan wherein they just executing without preparation and it is the reason why they keep losing in every trade.

Now is the best time to hold some altcoins, don't go around dumping good altcoins for little profits, the real profits is yet to come, do good research on new projects and hold them if they are good enough, you can start trading since bitcoin is bullish too, trading is more profitable in bullish time

The bounce you are talking about lasts long only for a very short time and that's something which we realized from the last bullish season but it may not happen completely since many things have changed from the past. If you are holding a coin after realizing that it is not a shit coin then no need to worry about the trends, at some point it will make its own trend.

.
Bitcoin is the only coin that has been on the show of this bull run and some top altcoins such as Ether, Uni, Dot and some gem altcoins. Don't you think it will be dangerous to your portfolio if you do so, it's better to be neutral than jump to conclusions.
If bitcoin running should continue from this point, I fear altcoins will suffer for the rest of the month until the dominance reduce small and then altcoins may have the rest of the year and December month.
Have you have a thought that this may be similar to 2017 bull run ;D ;D
Bitcoin seems not ready to go down even on weekend, unlike the past month that we do have some little shake of hands by market markers. :P

To be honest i do not think that such time has arrived yet. I expect bitcoin to break previous high of 20k first then take a good correction back to around 15k and then on second attempt when it breaks past 20k we can expect parabolic and stress period for alts.

This is correct. Nevertheless, those, who have entered the crypto market this year, should not be stressed. Remember the situation, when people bought Bitcoin when it was almost 20 thousand. Then, the market crash happened. Alts also fell. Guys, who did not sell crypto in 2018 and used to hold it, can get profits these days.

I do not think that this could be the right thing to do, i know many people are opportunist and they will take every opportunity to make some extra profit but i think supporting a new project, technology and solution means that we have to support the project by holding the coin tightly as well so personally im not in favor of such a strategy.

No one sells their altcoins without dumping investors. Smart investors know when they should sell their altcoins. Now cryptocurrency is making bubble by Bitcoin then bubble force will go to the altcoins. I think the best time to buy altcoins time is fading. Even though altcoins are at high risk because if you entered cryptocurrency a few months ago, you don't have any latest knowledge on current situation.

right, I think we must be observant in understanding the situation and market conditions. not too hasty to take action, most can set the right time to sell and buy

Well, there are good altcoins but I think selling it would be good in bull run. The market of altcoin is directly affected on rhe growth of bitcoin market. If bitcoin will go uptrend then we visibly seen that other altcoins as well can go up and if bitcoin goes down so does the altcoins. So, during bull run selling altcoins I think would be good because after bull run most coins will go down in terms of marketif bitcoin too will be.

I am sure the altcoin price will increase soon, no matter if the bitcoin price moves up or down. The trend will always change from bitcoin to altcoin or altcoin to bitcoin, and we can use that for our good. Although we don't know when we can still prepare ourselves from that moment, we can try to place our sell order early, so when the bull run comes, our sell order will be filled. But that will depend on how we make a strategy related to the current situations.

It all depends on the moment, the present moment is a crucial time to determine whether we will benefit or we should cut losses for some of the other altcoins. So start preparing from now on, send the altcoins into the market now so that later when that time comes we only need to place our sell order.

After a bull run, some correction is essential or must as maximum investors want to get profits from bitcoin. Those who bought at least 4 or 5 months ago, they are now huge profits. We can say 50% profits in Bitcoin holding but who has bought one months ago, need to be cautious and take quick decision before correction. Already correction started.

The problem that arises when talking about altcoins without being more specific is that you get a very mixed bag that includes both very strong coins with utility value like the Ethereum blockchain, and shitcoins that only exploit the "sort by market cap" defaults of CoinMarketCap and other listings to get some publicity, without being anything else than an empty shell embezzled in lush promises.

The golden rule is still the same, you've got to do your own research before investing any decent amount of money into anything.

There is possibility that we will see new altcoin season this year or 2021 so

1. Don't put your eggs in one basket
2. Mix both top altcoins and new promising projects
3. DeFi projects aren't all scam, we have few good DeFi projects just DYOR
4. Don't entirely believe that altcoin season will come, take profits and hold some coins but still take profits

You are right that listening to others is not always the right decision. Of course, you need to rely only on your knowledge and opinion. Each of us wants to make money, but there are those who want to take possession of our crypto assets. They are the ones who make false information and push us to sell in the face of fear of losing everything. I agree that you need to be able to wait and only then you can get the opportunity to make good money.

Just don't buy back the altcoins you dumped. You are already holding BTC why should you return to hold an altcoin again?
You just buy back when the token hasn't yet pumped. Fortunately, they will yet not do it since BTC has not gone up to its ATH.  Its your choice whether you buy your altcoins again.


The point is that "An opportunity lost is lost forever."  Just seek the opportunity you may have that you are unaware.

I totally agree with you on point 4. Hold is great if the project is very potential, but if you've already made a pretty good profit, don't be too greedy to hold on for longer in the hope that the price will continue to rise. The most important thing is how we get a decent profit

it is very difficult to determine whether we should sell or hold,
because most of the altcoins are bad at the end of this year, we also don't know if the altcoin season is coming,
it looks like this will be a tough week for altcoin holders.

no need to confuse my friend, just hold some solid and reliable altcoins such as ethereum, chainlink, binance coin or others,
and sell unknown altcoins, some people called this kind of altcoins as shitcoins my friend

Even though the market sentiment is now becoming better than before, we should not fully happy because we should always be prepared on the unexpected scenarios that we can experience. I have altcoins and I have different plans in order for me to handle different scenarios that I may face, the dominance of the altcoins are continuing to decrease and it can affects the price of the altcoins so we should be ready in dumps in the market.

Sometimes it is better to sell off early to beat dump but you really can not know a shitcoin from another that will do well in the market. Here is the big problem because If you do not know a shitcoin how do you know one that is really worth keeping? It is not even enough to list on exchanges, whether shitcoins or not, good projects will always be good and bad ones be bad. Hype can not sustain a bad project for long. It crashes when the hype clears out.

No matter what anyone says on this issue, it won't stop people selling or hodling. To be candid with you, I think those who even hodl without selling off at all are lazy investors. They truly don't understand the dynamics of trading. Besides, there isn't any concept as "be very cautious". None can be any cautious on this and still claim they haven't made any mistakes. The crypto industry is a highly unpredictable one, and volatile too. My suggestion would be for investors/traders to sell off at any time they feel justified and comfortable to.

Altcoins are doing very weird movements and it confuses me a lot. I have been in this crypto world for a very long time and I can tell you that I do not remember any period where altcoins were this actively used. I remember a lot of times altcoins were trader, the prices were higher in 2017 just for starters but even before that and after that there were tons of period where everyone traded alts.

However I do not remember any period where they were "used" this much, more and more altcoins are created for a reason nowadays, you do not just buy them and hold them until price goes up and sell them, that was the deal back in the day, nowadays you buy them and do something with them. This is why I think we are starting a whole new level of crypto world from now on if you ask me.

I also notice that there are many newbies who are doing a panic selling as they like to buy bitcoin instead of their alt currencies. Though I  cannot blame them as the bitcoin dominance is now sitting at 64.7% which is pretty high and we can expect that there will be many alt currencies that cannot sustain their volume that leads to the decrease of their prices.

This is the first time that I see a very big movement of bitcoin, this only means that bitcoin has been spread pretty good and the investors are  trusting bitcoin compare to alt currencies but if the bull season will be triggered then I am sure that alt currencies will surely to follow the lead of bitcoin so if you trust your portfolio then it is better to hold it.

Bitcoin is very bullish still, even after going back to 15k+ it still finds it way to 16000$ today, im starting to dream about 20,000$ because it looks achievable right now, I suggest holding many good altcoins for now and abstain from quick sell off for quick profits, a year like 2017 is possible

Stanlo wins on this one mate, his or her predict is already coming true right now, bitcoin is over 17k today and that's a big accomplishment, whatever correction you are referring to will be a fueling surging power to bitcoin, altcoin season is definitely a possibility from here on

I'm still going to keep taking profits but I'm not going to sell all the altcoins I have, I'm holding only 40% of my altcoins for altcoin season sake but if profits do come I won't hesitate to take profits, I advice everyone should do the same because still nothing is guaranteed

You can take profits but do not sell all your altcoin, you will only end up regretting your decision later, bitcoin is so bullish than that of 2017 right now and it looks like this time bitcoin is surge over it's ATH price of 20k in 2017, be ready or regret

If I have potential altcoins, definitely will hold until the perfect time when market is in bullish momentum. As we can see Bitcoin now crossed $18k very close to 20k. I think the awakening of bull run may happen. Seems the pump stay longer. I hope this year we can see the market in all time high again.

Bitcoin greatly affected the altcoins in every different way. some people abandoned their alts because of the they want to join the bitcoin bulling and it always results to bad decisions. Selling your altcoins for bitcoin bull is a bad choice, yes it dumps the the other altcoins during the bull but it will recover and thats the best way to use your alts.

I do not buy or sell altcoins now, as I already have a sufficient number of them.  The altcoins in my portfolio do not want to grow and I can only hold.

That's right, we have bitcoin dominance in the crypto market!

We will see how many sell cheap and buy expensive.

Wow, they're beginners ...

This happen many times to me this year I have some good altcoins bought from last year and also came from bounty but 80% already sold and  I did not expect a massive movement in some tokens this last few months ,some are sold worth $0.5 each and goes up to $7 and I agree on OP just hodl your tokens for now and wait for best time to sell since we are in bull market now.

I really agree with your statement. There always needs to be a story that can carry a bull run. The last time it was about the team and partnerships. I think this time it needs to be about actual utility and usage of coins - ask yourself whether a coin solves a problem and whether people use it (or will use it) in order to solve this problem.

The question is: which coins are the ones with utility and actual usage? (happy to hear your suggestions, haha) ;-)

With such a rally that bitcoin has staged in the last few days, talking about the altcoin season is still a wound. We must wait until its course is fixed. Lateral movement is our everything ;D

This time the altcoins growth isn't much on the positive side depending on the growth of bitcoin. There is growth, but the same isn't that big as the market experienced earlier when ICO's were in the peak. The biggest expectation is upon ethereum, when there is growth with ethereum automatically the same will take place with rest of the altcoins. In recent press release, Vitalik has stated about the early update and launch of ETH 2.0 than expected. This will to make a big change in the market for ethereum.

It usually happens in the same manner.

Altcoins get dumped early to exchange for bitcoin and that makes its bull run even stronger. Then slowly people start to realize their profits in the form of altcoins because they want to catch them pumping late and by doing this they are causing them to pump. More people exit BTC top to jusmp to altcoins and then it all crashes down.

It was like that in 2017 and it's going to happen again, just not now. It's still to early. You'll see it happening when we break Bitcoin's all time high.

It would be a little different from 2017. As there are a good options of stablecoins to choose from, altcoins would suffer the most. People are now selling alts for bitcoin as the btc price rises. And when bitcoin start to decrease in price, people would jump from bitcoin to stable coin and even from alts to stablecoin that would bleed altcoins more. Increasing the dominance of bitcoin on furthermore.

People dump their altcoins to take advantage of the bitcoin pump. Only those who have spare money can buy altcoins during this time, and most of them are whales. Whales always grab the cheapest coin they can whenever everyone is panick selling. That is how the market works, weak hands always let go first. Smart investors always win.

This period looks good for crypto market but believe me I won't stop taking profit because nothing is assured in crypto world, what if altcoin season failed this time around? Holding can be profitable and high risk at the same time, all credits goes to bitcoin right now and altcoins are still not getting up on their feet

Whales at in action on bitcoin right now, if you are smart you'd put your money on bitcoin right now, there will be good timing for altcoins too but now isn't the best time atleast not until bitcoin hits it's old All time high of 2017 again

Most of all people who look panic sell all their investment with Altcoins they hold, because of that panic they don't think that what they have sold will be any more valuable for now, but it all depends on what Altcoin they have invested because not all Altcoins they hold will be a good reward, because some Altcoins also do not look valuable and will not provide a profit in the future.

Now we are seeing a good rise in Bitcoin, which everyone has been waiting for for a long time. But unlike in 2017, altcoins do not follow it up. It remains only to wait for the moment of their progress. Selling altcoins right now is probably not the best time.

Now? I think we are currently in a bullish period, and maybe if you invested now it would be a little too late. but who knows, many predictions that bitcoin could be $25k by the end of the year and bitcoin has also proven to be a profitable investment

I agree with you ,, selling their tokens at a low price during this difficult time, will only hurt you, try to hold onto your assets because soon the altcoins will bounce back ... because the effect of bitcoin goes up altcoins are also affected ... but it won't be long.  back to normal.

Those are people that New to this kind of season,they are getting panic seeing Bitcoin alone is moving up but altcoin he holds are dumping bad.

But if you have been here in the last Bullrun,then for sure you know what to do on this as after Bitcoin goes up Altcoin will come next and making their own ATH for the following months.

selling cheap or expensive assets that we have all depending on the need. everyone also has a different assessment of the progress of the project. there is no problem selling cheaply if in the future there is no hope for the project to continue. it all depends on our own speculation.

Seeing altcoins now it is down is the best opportunity to procure but be wary of the coins you are going to procure though choose those coins that will guarantee a profit. It may not a good season for altcoins but it will come sooner so if you are a smart trader you probably know what to do. Panicking will not do anything good, this will only give an opportunity for whales to procure your holdings. Keep your cool.

That is why you need to choose the coins you were going to procure so that you don't need to sell them cheaply in the future.

for me, if it is a good alt then I would rather not sell it instead holding it just for the time of bull run. Reminders that after the ATH will be recorded all things will go to normal like bitcoin market price drop and many people will go look for altcoin to invest again and see if they ca  earn where other altcoins getting pump up especially the whales that has already convertes their bitcoin to altcoin. Meaning after bitcoin bull run will be the time for altcoin run.

The lesson for alts is always to sell, from a bounty hunter perspective anyway,,, which is the entire reason ICOs failed and will be the entire reason Defi will eventually fail (outside of REAL defi).

Ask me about coins I hodled until today and they are still not even 10% of ATH even with the rally hehe;)

If any altcoins in your portfolio brings good profits don't wait around, take your profit and do whatever you want, there is no guarantee that altcoin season will start, don't make unnecessary moves because Bitcoin is surging, watch the market closely and hold few coins that failed to surge but if surge do come do not wait

yes, I understand what you mean. for me personally, of course, know what I have to do. Even seeing the current situation of the bitcoin market makes most of the altcoin investors panic selling cheaply. I don't think so, I will hold on for a while while monitoring market movements and waiting for the right opportunity to sell.

I absolutely agree that bitcoin will go down sooner or later, then there will be a correction. But at the expense of altcoins I don't quite agree, today we can see that the whole market is going up, some more, some less, but all are going up. Last time it was clear that people just sold altcoins and bought BTC, which was reflected in the price of altcoins, now the whole market is on the rise, and I think this is a great time to sell your assets, soon in any case there will be a rebound down, and you can re-buy.

ts

I don't want to rush to sell it at least waiting for the real moment, if all the altcoin prices have started to rise then I will prepare it because I keep some altcoins in my wallet and until now I still hold them, because I believe that at the end of the year there will be price movements which is significant in all the altcoin market, for now I still refrain from dumping it, I am more focused on continuing to look for from the bounty campaign ..

I've said it before , all your "mistakes" from the previous years , this bullrun will be an opportunity to correct them

As far as I make Profit I have nothing to be sad about, we are all here to make gains from crypto investments so no profit is bad because profit is profit and half bread is better than none, have a price target and sell when your price target becomes a reality, do not be greedy, wait for bear market because it's certain that bears will be back and do some buyback, I believe this is the way