Bitcoin Forum

It's starting to look like we are going to see a huge dump in the coming weeks into 2023, altcoins are in trouble as big venture capitals are selling off their holdings, and another one today is DCG

https://i.imgur.com/riSRcRT.jpeg

Almost all altcoins are now making new all time low, Gala games for example look like it's going to 0.015$ after holding 0.025$ for months, I have halted my buys right now because I believe that BTC will go lower, what are you plans?

When Bitcoin price is increase, most altcoins price will increase too.
But when altcoins price is decrease, Bitcoin price will not go down because Bitcoin is independent and there's nothing can control it.

I think the past of Bitcoin histories where the price dump to $3000 and then comeback to $69K already give a good reason why Bitcoin is the best currency to buy during bear market. If you only wait without bought Bitcoin at cheap price, you will regret what you done only.

That already predictable already, even the news started from months ago

https://coingeek.com/digital-currency-group-under-strain-as-genesis-teeters-on-edge-of-bankruptcy/

Just like @CZ_Binance said on his interview back then after FTX collapse, he said, 1 by 1 and many other company will stop and bankrupt as well as they have put huge money on FTX.

If you are thinking to buy those coins which got dumped by DCG, better wait it, as the dump can be more deeper than now. $FIL, which got biggest dump, even still has $1billion marketcap, it's still huge IMO

I read somewhere that total altcoin market may get dumped up to $300-$350 Billion levels (then it was around $440 billions) which means around $300 billions reversal may happen; that would be the right time to start accumulating more altcoins with mid to long term plans.

Personally I am holding few exchange coins like BNB. So, I guess I may buy more gradually on dips to maximize the potential profits. This may applicable only for reputed coins and not for all the coins including shit-ones.

I agree with you.Bitcoin is the king and it is always a good buy but I am personally just mining 2 coins,Raptoreum with CPU and ETHW with GPU-s,also I work online in some sites where I get paid in Litecoin so these are my only currencies that I hold except Bitcoin.I am not worried when I see all this dumping right now because it is normal before the holidays season and a bit in the first months of 2023,I know that when Bitcoin will recover so would have done all the other coins and until then I would have mined more than enough to be happy to sell.

Seems today Binance coin got huge dump after many attack from United State government until I saw several tweet cornering Binance's position as a money laundering market. I know this FUD moment for many people get benefit reinvesting in lower price, but huge drop from Binance actually become questionable whet happen with Binance and can drop more than 15%.

I am not holding Binance coin but have several altcoin in my portfolio, I don't think have moment recovery few weeks later coming in 2023 or waiting until halving moment time for getting back my money. Still loyal with holding and not have ideas cut loss because I am optimist with Bitcoin can break higher price.

I agree with you that bitcoin is the best coin in this bear season, as it will always be the first to recover and rise again. Bitcoin is also the safest coin in this crypto market, so investing in it should never be considered a wrong decision.

But I disagree with you that the drop in altcoins will not affect bitcoin, with the collapse of Luna and FTX shaking the market and bitcoin falling. News of DCG fund selling assets to save 2 subsidiaries along with Fuds of Binance is causing the market to plunge, and bitcoin once again suffers the same fate with the market. All are related to each other.

I left my altcoins in my wallet waiting for the prices to go up again. And it will depend on the movement of bitcoin because if bitcoin doesn't increase or even decrease further, altcoins will definitely follow suit. I am now focused on buying more bitcoins, especially if the price can decrease.

I just hope that next year, there are altcoins that can start increasing even though bitcoin conditions are still not allowing it to increase. And I'm not worried about the current state of the crypto market because this has happened in the past few years.

I’m doing the only thing that makes sense during a bear market. What I’m doing with my alt bags is what you should all be doing, adding to them. These are the times that you buy low to give you the opportunity to sell high in a few years.

After winter, comes Spring :)

I think this happens at the end of each year. We always see a red market every time we approach the turn of the year. I think some ventures did sell most of their assets and some big whales also spent assets for year-end holidays with families.

I am only holding those shitcoins that I got from some bounties long time back. The only major altcoin I own is Ethereum and I am not buying any more of it buy holding on what I already have.

With the drop in prices in many altcoins, I am sure its holders would be in a bad situation right now not being able to make the decision to buy or sell. But I am sure they were warned previously about this on this forum, that altcoins are unpredictable and can get down in the dumps in a matter of hours.

I agree that price of bitcoin might go down and this is where keeping the money for buying bitcoin comes in.

You are right, BTC is incomparably more stable than altcoins.

In theory, it was necessary to get rid of altcoins a long time ago. The longer you hold them in a falling market, the worse it gets. Loss after loss. BTC doesn't fall as much in percentage terms compared to altcoins.

Theoretically, you can buy altcoins, in the potential and future of which you believe, but it is not known how long the market will fall and by how much. It may turn out that we will see better prices in the future. Therefore, I allow partial purchases.

What else can you do at this point than to hold, the whole market is bleeding so there is nothing much to do imo, except the person want to sell at a loss which is not a good idea if you ask me.
Btc is not looking any good and is taking other coins down as well, holding your bags is the safest way to get past this difficult period.

It is very hard to predict the market bottom, I've come to a conclusion to build up to three different crypto portfolio with 3,000$ each and the plan is every year till the bull market is here. I've built one this year and I don't plan on buying more until June 2023 and I will do the same by January 2024. There is no point trying to know when to buy in a bear market, just have an accumulation strategy in place.

Altcoins are hard to recover from so for the current holders it is in a difficult time when the price fell more than 90% because it won't recover anytime soon even next year I'm not sure because I don't believe in altcoins.
Its been too bad for me as experience how used to keep altcoins in portfolio all assets went down almost 80% of all it didnt come true what i expected then after that have stopped buying altcoins and focused more on bitcoins.

When bitcoin falls it is different from altcoins, bitcoin is always a lot of bad because they buy when it dips and keep earning to accumulate it, so keep believing in bitcoin as one of the best investment coins.

Fortunately, I did not hold these shitcoins for some bounties and sold them as soon as they were distributed by the Bounty managers. If we look at their prices now, they have collapsed and their prices have fallen below the cent, and I think that even if the market conditions improve, they will remain at these prices because unfortunately, their projects failed, so I lost hope in them. There are promising Altcoins other than Ethereum such as ADA, XRP, LTC, etc. You have to do your own research. It is a mistake to put all your funds in one currency, and your long-term investment will be a good opportunity for you to achieve huge gains, but you have to do your best in analyzing, following the chart, and looking at the news of the altcoins that will invest in and when the bull season comes and bitcoin rises, these Altcoins that you carefully chose will explode to good peaks.

Altcoins is never certain and has never been, make smart Altcoins investors are aware of this and they understand how to maneuver around all this, although there is no sure way to truely understand how Altcoin works. It’s so uncertain that I myself always avoid altcoins completely.

But if there is going to be an Altcoin to suggest to a novice it would be top altcoins, I consider their volatility more stable than lower altcoins in the long run.

The market is going to become more worst and the price will continue to drop, for now I will just wait for that moment before buying. You’re exposed too much on many altcoins, i suggest to only buy good altcoins and diversify for at least 5 altcoins and don’t forget to have Bitcoin as well. This bear market will not last, green days will still come.

^Switch your nonsense altcoins to BTC quickly.
We know that altcoin's price always matters on the BTC price, it seems altcoins are tied up on the BTC which leads the market and if I were you, I will go in a safe option which is not worst when it comes to risk. I don't know GALA but I heard about this project, it is really risky to keep altcoins, especially new projects because you never know when their existence is. Convert your all bag to BTC, probably in my own that is the safest way to protect your portfolio or cut your loss by diversifying on a stable coin.

The year 2022 is somewhat reminiscent of 2019. Back then, too, there were crazy sales and altcoin prices tumbled. Who sold, lost a lot, who didn't sell, earned a lot. Sell now? What's the point? You're giving your coins away for next to nothing, I personally didn't buy them to give them to the whales for pennies, that's not the right investment plan. If any coins in my portfolio collapse and are even cheaper, I will continue to buy them as much as possible.

I hold them to be fair. I have some that are gone like literally gone to cents from hundreds of dollars and I have absolutely no hope that they would recover, they are just zero in my eye, but what am I supposed to get from selling something for 3 cents, I mean that doesn't even cover the transaction fee so isn't it normal to just keep them. Some of them are not that bad, they are down %90 which is a lot for sure but not "gone" we are in a bear market so maybe they will recover, and that's why holding them is a good idea as well. I never really felt like selling anything at any point, even if they were a mistake, I just hold them.

Honestly, you are investing altcoins that are certainly at a low value in the market, therefore, it was hard to expect them to look green while Bitcoin is also on the decline situation. These coins are more independent of Bitcoin and when it dumps, these altcoins are badly affected and dump more.
And if you have trust in these coins, I suggest that you extend your patience and keep them, never think about selling them as you are probably at loss. May these coins will surge during the bull market, you'd better wait for that moment. If you have some funds, make use of it for other coins which are more profitable than these coins that you have mentioned.

Maybe not only profitable but a very solid one that you think won't continuously decline its price,
but with high chance of recovering once bitcoin is also going up its price.
And with this consideration, you should consider alts with very strong presence in the market.
In terms of its application, should be widely used by many crypto users, just a good example is the ETH project.
Discard alts that you think are stagnant with their updates, because more than likely, the devs have no future plans for this project.
Better get something rather than wait for the alt to lose its value and lose your money without a fight.

Are you buying altcoins right now? Because if that is the case I can tell you this is a mistake, if you already had a lot of altcoins in your portfolio and you failed to sell when the market began to crash then I can understand if you held those coins hoping for a recovery, but to buy altcoins when we are still in the middle of a bear market is a big no, because as we know altcoins not only are even more volatile than bitcoin but they are also way more prone to disappear out of nowhere, which could leave you holding a bunch of useless coins if you are not careful.

Filling up more good altcoins especially with BNB and XRP because I know they can survive all the FUD and when the market recovers they will also rise. If you are going to deal with the altcoins better not to buy any shit tokens or small tokens, because for me they are not worth it and there’s a huge risk dealing with them, I’m also limiting my exposure to altcoins as much as possible.

there's nothing much that you can do in such trend other than just holding your coin until it will rise in value again, it's indeed the future of alts in general still seems grim, the current trend might be well getting prolonged due to many things like economic crisis, right now the stock market is also in such difficult situation, cryptocurrency is the same, but surely for anyone with money they could easily make some accumulation and get immediate returns once the trend is changing.

I don't really looke at my portfolio value anymore at the moment, that is just to depressing for me lul. It as already down like 95% in comparion to it's ATH from back in may 2021, even before all that stuff with Terra, FTX and now Binance happened and now it is even way lower than that. I will just keep hodling my altcoins because it would just feel wrong to sell them now after i have held them for so long all the way down. To sell now would mean i would realize those losses or to throw away that potential profits.
I am pretty relaxed though as i only have small amounts into crypto and that is only money that i can afford to lose without any impact on my daily life.

I do nothing.

I've got no feelings anymore on these drops that we're seeing because there is nothing we can do to stop it. So, I just let it go, whether it goes up or not, then that's it.

Then start buying when you see the lows of it so that you'll be able to accumulate a lot.

That's the best you can do. Selling at a 95% loss isn't worth it given that you will only receive a pinch of your investment. I have the same scenario during the 2018 bear market but I had sold my assets that time even I know it isn't worth it, The result is I regretted my decision and decided to just don't touch any coins that has lost 90% of value over the buying price. That's a good way of managing your funds. As long as you have money for survival, you won't be force to sell at a loss. I learned it the hard way.

Well you could do something if you're really that eager to profit such as moving from one altcoin to another which would be more profitable, just if you'd like to. There are just investors which do not move their asset around and that's just fine. On my end, I tend to move around the cryptospace. The only risk is to make your losses bigger if you'd come across with a worse token. Market downfall is obvious and it is just a matter of trial and errors if you'd do the same thing as mine. Just sharing.
I agree. On such cases, it would be better to just be firm with your investment. Unless there are no chances for a recovery (you decide). There are 'dead tokens' in this industry which does not move even during bullish trend. If you have this kind of investment, it would be better to choose liquidation to free your mind from it. But if you could just set the amount aside, you may just also keep it as some sort of additional asset.

Either you hold or sell those tokens because not all altcoins are worth to hold, you still need to choose the best. You can also increase your holding by buying more which is I’m doing right now, top altcoins are pretty cheap this is a good opportunity so better grab it. This bear trend might stay longer, those who prepared for this will win in the future, this is not the end yet for altcoins so don’t panic about the fud.

You sure bout that? Coz Bitcoin does not follow alts trend, but it is the other way around.
We're not even sure which alts are sustainable and which will just gradually die down after not being able to recover the bear market.
Now, you should indeed halt in buying unreliable alts and fill your Btc bag.

Mostly altcoins go up and down with Bitcoin's up and down. When the Bitcoin was on all time high the altcoins also touch the All time high.
By the way I don't trust on any altcoin I mostly prefer Bitcoin. I believe in Bitcoin. I think Bitcoin will never disappoint us. If we hold tight. :)

Bitcoin is going lower and lower because we are in bearish market right now. Most of the altcoins are going down because usually it's following Bitcoin's price mostly. At least if you don't need emergency funds and would like to take a risk then would be better to just hold it. Otherwise, you can cut losses the loss and wait until the price is most likely "stable" for bit longer.

I do nothing for the altcoins I have in my wallet. I wait for its time to rise again, even though I know it will take time. And right now, many of those altcoins are dropping in price but I'm fine. But I'm still trying to buy more for those coins that have a chance to increase again. Hopefully, some altcoins can improve so I can be as profitable again as before. Now I still want to collect more bitcoins because they are still at a reasonable price for me.

Well, I'm the same, going to DCA but right now I want to see the next month in January. Maybe we can see another bottom in Q1 2023 but no one knows or right now is the bottom for all cryptocurrencies. There are a lot of negative conditions from external like recession in the next year, FUD over Binance, crisis energy, and many more.

When are confident about the technology and business behind some altcoin and that altcoin is falling down, we do not have any other option except buying more to average to get better benefits in long run. Investing into bitcoin at this bottom of bearish market must be a wise decision on my opinion; I appreciate that but for buying altcoin at bottom prices needs lots of cautious. So, diversifying your altcoin bag will help among these highly unpredictable altcoins.

Once you decided about DCA then you may go investing for 10% of your capital each week till the end of first quarter of 2023. DCA is a weapon to help you for NOT missing out bottom. No one could invest their all 100% capital at exact bottom but everyone can catch bottom for some of their capital through DCA.

Besides holding, I think we need to do one more thing that is equally important: stop buying altcoins, investing in altcoins at this point is too risky and not worth the risk. If we continue to believe bitcoin will fall further, then altcoins will fall even more, and if we buy now our losses will increase further.
I also have some altcoins in my bag, but I stopped buying more and stopped DCA with the alts I bought before, I'm just focusing on bitcoin for now.

If we are long-term investors, we never have to worry about the current market situation. Indeed the best thing to do is to keep calm and hold, and never mind about the price decline. As long as we are investing in trusted and usable projects, it eventually rises when the market will recover. But with those coins that OP has, I don't think this will have a big chance to recover, yet it is just a little chance. If I have those coins, I already sell them earlier and not to wait for another crash as surely to fall hard than the others.

This reflects exact my stand on my altcoin hoarding. Honestly we do not have any other option except keep holding even we do not have any belief about good returns out of initial investments. Waves and ada are good example here trading below with more than 80% down from their ATH price levels. But, these are the coins I personally believe about bouncing back to get me massive profits if we keep accumulating some more at current prices.

Most crypto investors are deciding to invest more during the bullish market and in bear market they do keep waiting for more cheaper prices even their TA indicates about right time and price to buy. So, DCA is only on theoretical; in reality buying is being decided on FOMO.

We have no choice but to hold as any altcoin is currently down 80%-90% in value, selling now is pointless. And I doubt our altcoins, whether they will recover or not, is still a question, as not every coin can recover and reach ATH like bitcoin or ethereum. I think you should stop DCA for altcoins, it would be better to just focus on bitcoin, with a lot of altcoins crashing, I don't think altcoins should be trusted at the moment.

That has been the key to my "success" so far as well, obviously as a third world nation person my profit is lower than most peoples weekly salary in London or New York, we all know that. Those guys pay like 5k dollars per month just on rent if you look at it that way, I haven't even made 5k dollars profit so far, BUT the good news is I am working in my nation and living here so that means my profit is good enough for me.

All thanks to long term investment and ignoring the volatility. Why would I care that it is low right now, my goal is to hold it for 10 years, so what happens now doesn't matter, and I do feel the same way when it is going up as well, not care.

Tough call when you are in that side, you are expecting for a bounce back but you continue to see that the market still falling, a big nerve can hold these kind of assets but like you, if I have those inside my wallet, I check if there's still chance and there's none then I will decide with my next plan, bearish season is part of the market you needed to work with how you fully understand the situation before deciding to whatever direction you choose to bring your investment.

The major things we can do with our altcoins now is to keep holding hoping that the market is goin to be bullish soon. I am looking at next year for a better movement and this is going to make the market to be very volatile and more of liquidity. Things is going to get better soon. We can stake our altcoins now and make so profits as the market is falling.

We cannot get anything anymore if we decide to dump it right away. I will just take it as a loss so that I will start yo move on from that unfortunate investment with that tokens. But will continue to hold to see if there's something good will still happen on this in future but to cover up with this I will accumulate some cheap coins to prepare for next halving we know mostly great things happen on that time.

We will buy more if the altcoin has a chance to improve in the future because we already have a lot of valuable information about the project. But for the long term, investing in bitcoin will be better than altcoins and I agree with that because the price of bitcoin will increase in the future. And we also have to be careful choosing altcoins because many altcoins cannot increase in the future and will even be replaced by new coins.

That's right and it's better @OP to think about investing in other coins or just investing in bitcoins and focus on collecting more. But unfortunately, it looks like @OP doesn't know when his altcoins can increase or he may be late selling his coins when they reach their highest price. Hopefully @OP will realize what he did wrong so he can think about what to do now. But we advise him to invest in bitcoin because we already know the upside potential that bitcoin can achieve in the future.

For this reason, we have suggested buying bitcoins when market conditions are declining today because the potential for bitcoin to increase is very high. If he still wants to choose altcoins and focus on altcoins, we must be extra careful in choosing the coins. Not all altcoins will increase. Even altcoins are currently in the top positions. And if bitcoin declines further, they will have to be very patient to wait for a price reversal.

It's a circle and expectedly so at this time. It's a festive period. Relaxation and partying comes to mind at the end of each calendar year. Those who take out their profit on their investments so as to spend quality time with families are the "humane investor" while those who don't are the "shrewd investors". Everything will do in life should've a human face, otherwise our struggles in life will be without a purpose. As for what I'm doing with my bags at a time like now, I DCA where I can. I also sell off at resistance and then rebuy later.

Yes coins are very low right now so it's a good time to hold altcoins are undervalued as the price of bitcoin falls. Altcoins will rise again as the price of bitcoin rises the investment strategy requires you to identify more stable assets that will be long term. Assets like bitcoin and ethereum show long term value growth and can be considered a safe investment in this regard.

Investing into bitcoin is always far better, this is about if you already have some alts, but if I had some cash and no coins then I would pick bitcoin over anything else that part is true.

If we are talking about the aftermath, like I already own alts and they are down, then we can discuss how buying more to do DCA could work or you just accept the loss and move on, because in that situation there is no selling those and getting BTC considering it would not make sense to accept the loss by selling, it's better to wait it out and see how it would work. I know that it's going to end up with a bit of a problem in the long run but it will also not be something that may result the same way for all coins.

Carrying my bag from airport to airport, no seriously. Why would I sell at loss?

Besides that I have good altcoins in my bag so I have no worries. I'm sure they will go up again in next bull run.

if you are an old crypto trader, of course you see it as normal, because the bearish market that we see right now is not worse than the previous bearish, it's even worse, you may look panic when you see the price fall, keep taking it because I think the bearish will not last long more will be completed this year
2022 bearish
2023 recovery
2023 halvings
2024 just ask your grandmother

just watch with the cycle and it works over and over again  ;)

Depending on what kind of altcoins you are holding the strategy that you need to adopt will have to change, if you are holding good altcoins as you claim then you really do not have any reason to sell them now as if you are willing to hold for the long term not only you will recover your money but you will even make profits, however for someone holding bad altcoins then it is critical that they sell as soon as possible as even if they will lose money by selling now they will lose even more money if they keep holding.

Until the price of bitcoin turns to a bullish trend, it is worth refraining from buying altcoins. In this case, you will not buy altcoins at the lowest price, but you will not look at how the price of the altcoins you bought loses its cost. Such a scheme will be more profitable than constant price averaging.

Many people don't understand the importance of choosing good or potential altcoins for investment, mostly considering the price and looking for the cheapest one. And that is why they easily get disturbed and get panic when seeing price decline as these coins suffered the most dump.
Because if we are smart investors, we'd never choose projects that give us losses but, of course, those projects that will assure us some profit. But this is also impossible if we never learn how to hold and how to become patient.

The point of selling is to make a profit and use that to reinvest. If you don't do that, then you are the only one at loss. Altcoins should be kept on a short to mid term outlook, but not long term. In that manner you are more likely to profit from the initial gains and then continue to trade at a good momentum.

Bitcoin should be kept for the long term view. It can also be sold whenever it reaches a high. This cycling is important in this sector.

Hopefully, you are wrong and altcoins will hold. Bitcoin is now trading around the 17 k mark which I believe to be a base. It seems to be holding and an accummulation phase as started. If this is true, we will see the altcoins holding as well

And if you do DCA for bitcoin, I think you can have a much better chance of making a profit because the benefits of BTC will be obvious when the bull market comes. While altcoins will not increase all of them and only certain altcoins will be able to increase. This makes us very careful if we want to do DCA in altcoins because an increase in altcoins may only occur in some altcoins like last year.

But investing in altcoins is indeed a very tempting thing to do because some of the altcoins can indeed increase and this is why many people are still speculating when choosing their altcoins. And they choose altcoins in the top position because, according to them, they will provide more opportunities to increase than the coins in the bottom position.

In general, not all of the altcoins will hold. There will be out in the market when we go back to the bull run and that's for sure, and for now, we're already seeing the impact of the bear market.
And this is why, for those that have a set of altcoins that are uncommon, should start thinking to cut loss and transfer the value of it into some other better altcoins if that's what you prefer.
But much better if you go to choose bitcoin because it's the best and proven choice that you'll never regret.

People are worried about bitcoin, and that is a big mistake. If they knew that bitcoin could go up and down a lot, and sometimes when it is down it may look like it's there for a long term, but in reality we just repeat the past.

You may not remember or maybe you will but others may not, in 2018 we didn't finish the year at 3.5k and hit the bottom early on, it was a season where 2018 is the year where the most altcoins had their previous ATH, so it started as bull, but then it lowered, and reached 6-7k range for bitcoin, it was only in November we had bitcoin cash vs bitcoin sv fight where the price dropped to 3.5k, and same timing as FTX and Binance deals, not a shocker. It just repeats itself, nothing more.

Many are concerned about how the positions of other coins might fare when institutions like FTX collapses within a day. If you think from that point of view, there are various negative discussions about Binance as well. The entire cryptomarket seems to be in an uncomfortable position due to these issues in recent times. Where the price of Bitcoin is at a low price. It is relatively very simple that the position of altcoins will be worsen. There is still no positive outlook on how cryptocurrency will run in the coming year.

We can't say for sure if the declining altcoin market will persist into 2023 even though is obvious we are already a few before to 2023 will this huge decrease in crypto market price continue till the next Bitcoin halves before the market will pick?
The reason is that, Bitcoin price controls the direction the altcoin market will face, at the moment everything looks bad and the market chart is on the red light with most coins losing up to 20% to 30% of their price already.

You need to a better understanding with how the market plays, the volatility nature of crypto will be a friend or a worse nightmare with your investment, without the right sets of skills fear will push you into panic and instead of keeping your bag the chance of selling it all will take place, in this business, you really need to be precise with your decision making.

Though there are also chances that you need to decide with your bag holds, if you feel or think that there's nothing to wait better to sell it while the value is still considerable.

It's better to cut your losses if you really believe that there's nothing to wait and the team behind already abandon the project.

You can include Bitcoin and ETH on the chart as well to figure out that not only altcoins had suffered declines but also potential coins.
But guess what I see in the picture OP, these coins are almost no market value from the eye of the leading investors which is why they suffered the most when the market is in a bearing state. You can never expect them to see it will turn green unless the market had recovered but doubtful if they can make it due to a lack of support from the community.

In fact, I think it would be better to transfer it to bitcoin to be more certain.
In general, with the current conditions, for almost a year now, there have actually been a lot of altcoins that have died, and I'm actually quite grateful to have been spared from that.
Altcoins are very risky rather than incurring losses to be transferred to other altcoins. I think it would be better if now I immediately save it in bitcoin if I really feel that the altcoin I have chosen now is not going well.

Lots of altcoins been added on the market almost everyday or every now and then but same as you said that lots had also died and pass away which means that you should really be that careful
on choosing which project you should really be dealing off with. You cant just throw up some funds into that random behavior and would rather be worth on putting funds or investment with Bitcoin.
In speaking with altcoin holding or into my bags then most of them are shit, their prices are almost close to zero. What im doing with those things? Just let those things die completely,
if ever there are ones who do make out some pumps then its just understandable that you do sell out.

There is nothing to do but hold them. It is too late to cut losses because most of my holdings are already at more than 50% losses.  But if ever I see that there are some future good movement of the altcoin I am holding, I am willing to accumulate a little more to at least maximize the profit when its market become bullis.  I think I need more than a year for my portfolio to recover, so yeah, I'll just endure the thought of losing for now and hold my altcoins until the market becomes bullish.

because altcoins still depend on bitcoin prices to date. so do not be surprised if bitcoin is currently dropping in price and altcoin prices are also getting worse.
for a positive outlook on crypto actually at this point it would be better to focus on bitcoin price movement which is likely to fall again and our time to buy.
yes, it is true that the news about the collapse of FTX and some of Binance's FUD will affect crypto prices, especially altcoins, which are still dependent on bitcoin.
look at the many altcoins that failed in the current bearish and they left the market and were unable to survive.
Basically, if you still intend to invest in altcoins in the current situation, you have to be careful and keep DYOR

the many accidents involving the collapses of many coin like luna is the reason the current trend of bearish gonna gets longer than usually, it's mainly because of the fact that so many becomes doubtful in regard of the current circumstance of cryptocurrency in general, even there were a lot of fuds about binance and the likes meaning the trust has been declining a lot, therefore I think the current bearish trend will subsides maybe at the end of the next year but of course that's just my 2 cents, after all no one really knows when the bullish really comes.

How do you know that there will be a huge dump in 2023?  ???
If it is about the recession, I assume it is still an issue or a rumor. And the prices of crypto coins don't fully follow the world issue. I still remember that we have a bullrun season in 2021 although we experienced a big disaster (Covid-19) at that time. Anyway, considering the 4 years cycle, 2023 is the second year of bearish season. Ideally, the price of crypto coins begin to increase gradually, we are starting to toward the bullish season. Although there should be some dumps, commonly it won't be as huge as in the first year bearish.

It is good, it means we reached the dippest level in this bearish season.
If it reached the ATL, it must begin to increase again gradually in the next few weeks/months.

I do not believe that the coins of 2017 and before will make ath. Before that, Defi projects, metaverse projects and nft projects had attracted attention with their rise in bull markets. In the upcoming bull market, my artificial intelligence and Web3-based projects will show a serious rise. Core and Solo have been the coins I've gotten as I have the opportunity and money in the last few days. If Xrp's case turns out to be positive for Xrp, I think Core and Solo will come to a very good place. It's my personal opinion and it's not investment advice.

I wasn't too naive also in the first years I always did in altcoins and now many of the altcoins that I have are completely worthless and this is like a collection or a reminder for myself.
More and more projects are coming every day and more and more projects are ending up in scams and shitcoins so instead of wasting time on that I think it would be better to just be in bitcoin even though there are still a lot of temptations but I think my choice here is the right thing for you at the moment.

What happens is that as time has passed the ratio of good projects to bad projects has been reduced to almost nothing, at the beginning when this market was on its early stages it seemed to me the developers were genuine on their desire to try to create a better coin than bitcoin, however once the ico craze took place the number of those developers went down and scammers took over, and since then things have gotten even worse to the point that I would be surprised that if out of 100 coins a single one was a legitimate project.

Yes, we could expect other projects that gain more attention and be hyped this coming bull season. Defi, meta, and NFT projects are done with their popularity during last year's bull season and we can't expect it still be gaining more pump and demand anymore.
Usually, what is new can gain attraction and interest from investors, and hyping will then start. As an investor, we should have to keep updated. That is why I'd never spend too much investing in top coins this time just to have some room for another potential new projects will come next year before the bull season started.

Actually, in this case, we don't need to be surprised because sooner or later, when it's easy to make projects or coins, it's certain that something like this will happen, especially at this time, it's not too difficult to create coins with minimal capital and leave them when you've really benefited, so scammers are indeed must be rampant here.
But on the other hand, if no one really believes that it can actually be eliminated slowly, the problem is that there are still many who are still tempted by things like this and so it is very difficult to eradicate this kind of thing.

I also believe that new coins would boom in the coming year because there are already lots of potential projects existing. It's just that we're still in midst of the bearish season so most of them are in the survival period but we'll see how they reasist the bear market. There are promises made by some altcoins but we should be smart enough to believe what's true from scamming strategy. It's the best time to fill our bags with good altcoins and hold them until we rich the bullish trend. Profitable days come to those who wait.

It is unlikely that the boom you are expecting will happen next year. The industry is not recovering as fast as we would like it to. It's much slower. I am inclined to believe that next year will be a recovery of projects, strengthening their capitalization. For a boom in projects to happen, there needs to be a lot of community interest and the presence of liquidity. The year 2023 will be cleaning up the aftermath of a harsh crypto winter, so don't expect some kind of bull run and project boom to happen in 2023. It's too soon.

Thats good UI man, looks cool.
About the alt bags, unfortunately I am not hodling much of the altcoins for very reason that we can see in their strength. Too much wide spread investment could be risky in the crypto market because the whole market crashes at the same time and goes up at the same time. The problem is it's volatility. If you consider only bitcoin then at least we get confidence that it is going to recover someday or other with higher volumes and position in the market. For the alts, it could be very risky bet. You loose volumetric profits with such high volatility from multiple alts. Thats why always be careful while choosing them.

maybe this current moment is the right time for you in rethinking twice whether your alts bags is already good enough because honestly, there's nothing much you can do in the middle of bearish, but it's quite good time for migrating over some of your investments into the other since some of coins might sink in term of value worst than the other but they could have better potential in the long run, other than that there's no choice but just to hold the alt bags.

Some alts will drop more, and some will get back up. I agree that Bitcoin was and is the best long-term investment, but some alts are here to stay, and I believe some of them will reach their previous prices and set up new records.

If you trust your choices from before now it's a good time for holding and adding more favorite coins to your bags, with a discount. I guess we all wait for the next bullish year, and that year will come... we just one to stay strong.

In the bear market, selling one altcoin to move to another asset is difficult and most bring in more losses, these decisions should be taken during the bull market where selling would lead to profits and you could use that to buy other coins.

Then again it is more on the shoulders of the investor. They might be in distress about profits or losses so they could sell and become more composed after letting go of that low performing coin.

In general altcoin bags need to be refreshed every few months whenever profits come in unrealized. Holding on to those coins leads to chances getting lost and you don't want that to happen in such a low performing market.

Now, it is really about choosing reliable coins to hold for a long time because I'd never see that this current market condition will end that fast until we still suffering an economic crisis. The demand is quite losing its strength and even this December, we never see any price improvements that we could think the bear season is going to end early next year. As long as we are buying potential coins, we have nothing to worry about, and even buying more altcoins is still a good idea.

I think you just should accumulate more and more coins so that when bullish comes you gonna make good returns, meanwhile you could also stakes your coin by following many popular exchanges programs like the ones offered by binance, even though it seems staking nowadays seems like a waste of time but if things and conditions got turned around and the trend is changing, that might be your best decision in your life.

Holding is the only best way that can be done right now other than accumululating more tokens from the bearish trend. The only chance for us to buy the cheap token at the bottom price.
I think many people were not missing the best chance to change their life.

Altcoins not named Ethereum and BNB are really scary during a market fallout. Altcoins that are new and are not listed on big exchanges are the most dangerous of them as they can easily get pulled down. I have a new altcoin that is not yet listed on a top 5 exchange, from my investment of around $4,000 down to like $20 in value. If only I invested it in bitcoin, I would have a quarter of a bitcoin by now. Anyways, we should always put the money we can afford to lose and DYOR seriously to avoid heart-breaking losses. I am still optimistic though that some of these altcoins can recover and a few of them can rise up to x100 during a bull market. 

If altcoins are new and not yet traded on major exchanges, it is on the contrary a good choice for investment. Only it is necessary to do a good research of projects not to become a victim of scammers. In the past bull market many people made fortunes buying shiba inu or solana before they ended up on binance. New unknown projects have a lot more potential than already known ones.

If this investment is for the long run, then he should stay for now given that the projects are going to have some updates and constant development in the future. Because if it's not, then he is just wasting his time and money keeping those coins because it might have a low chance to increase once the bull runs will come. He needs to consider migrating some of those that do not have some assurance to change their price positively. looks like it will be a long bearish trend for us since nothing has happened even in the midst of December this year. let's just hope next year will be a turn of the table for the crypto market.

For altcoins, at the moment I'm not too sure it can recover faster. Even though bearish moments can be put to good use through portfolio accumulation, in fact the top 10 coinmarketcap can be used as a benchmark. But it doesn't guarantee that anything can provide profits in a short time. let's say Ethereum and Bnb have a sizable trading volume level.

But it does not rule out the possibility that altcoins can surprise the bull market later, with the strength of the commodity and long-term investor confidence being able to raise prices even higher.

The top 10 wouldn't be an exact benchmark, it would just be a ranking that wouldn't even matter. Just an example, like LUNA which was once in the top 10 and currently LUNA is bankrupt and is giving a lot of losses to its investors. so nothing will be certain, everything has a risk. ethereum and BNB can be options but not the best, because they still have the potential to fall when Bitcoin continues its bearish run.
Buy gradually and hold, and make sure to buy Bitcoin as the main investment as your last savior.

Accumulating quite a lot of altcoins in a bear market is pretty risky strategy i must confess, altcoins are generally short term/pump and dump projects, and quite a lot of them wouldn't even be extant by the time the bear period is over. Having said that, i would encourage people to use this bear period to accumulate more Bitcoin into their stash/portfolio, Bitcoin is definitely going to appreciate in price once the bear market is over, and even though some altcoins would also appreciate with it, you cannot predict the ones that will, thus it is much better to buy Bitcoin now, and prolly buy altcoins when the bull run begins, that way you can buy and sell them for quick profit.

Maybe it is time to re-evaulate the portfolio right about now? It would be smart to check what could be surviving in the next 5 years, because if you think that something won't survive in the next 5 years then it will not be easy to continue. I am not saying that it is going to be impossible or anything, I am just saying that it would be pretty difficult to have 100% success rate with all your purchases.

So, maybe it is better to get rid of some of them and hope that some others would make some profit in the long term instead and move your assets there. This way you would know that you are holding things that will not just go up, but also be around for the long term.

I'm not buying altcoins right now because i'm thinking the coins in my portfolio are already enough to wait for bullish season. I'm more focus on acumulating Bitcoin, but due to this holiday season I had to take some. Well, Bitcoin is not increasing so it's not surprising to see alts plunging as well. Negative news affected the crypto market as whole, if there's no positive news going on ahead then we can assume next year will be the same and might last until the next halving. But obviously this is not certain hence just keep holding established coins.

I put them to work thru staking. I've been doing it since last year.

TBH, with the current bear market, I only think of Bitcoin as the coin that I want to buy. I mean we are in a bear market, and we know that if we are in a bull market, altcoins tend to give more profits to holders than Bitcoin is right? We always see altcoins that are going x5 or x10 or even x20 in a bull market.

What are my plans? Just accumulate Bitcoin and maybe Ethereum for the rest of the bear market. I might buy some other top altcoins as well, but I'll be focusing more on the 2 coins that I said.

While it is impossible to eradicate those projects completely I think it is possible for their number to be reduced significantly, however since this market is still in its adoption phase and it is still growing every day we get a new batch of newbies which know nothing about investing with pockets full of money, what we need is that this market reaches a certain size and its growth becomes slower, then the remaining participants in the market will learn about those coins and ignore them, and as the money runs out those scammers will find difficult to sustain their operations as less and less people fall for their tricks.

I feel you mate, that kind of loss is truly heartbreaking, I know because I'm also speaking from experience from the last fall-out. We know the risks of course but sometimes we chose to hope that someday, our selected altcoins will be favored and their value would be sky-rocketing but what happened was the exact opposite as it was swept by the harsh market conditions. From that point, I've learned to only invest in known coins rather than taking some huge risks from investing in these unknown coins that aren't yet making name.

Its a cycles when halvings will occur, crypto assets including Bitcoin always give big discounts to everyone. It is impossible to accurately predict the issue of an economic crisis, but taking countermeasures will minimize the losses we experience.
For a trader, 2023 is a momentum to be able to maximize opportunities in the event of a global economic crisis. As for investors, this is not a big obstacle, because they already understand which coins are more resistant to such economic shocks.

This is not a financial advice, but if you look at the Rainbow Chart, we should be in the buying period.  Then we can sell BTC in October 2024 or a few months after the halving occurs

https://i.postimg.cc/L4PgW8zt/2022-12-28-06-17-58.jpg

If I were a trader, I would start preparing to buy when prices are lower, at least through Q2 2023. Whereas if I were a long-term investor, I would add assets that have good strength from now on to prepare myself for 2024.

Altcoins really bleed during this kind of market. What I also observe is let's say Bitcoin dump 1% when it comes to altcoins, sometimes it is doubled or tripled when they dump.
And as you can see, if you check the overall negative price from their all-time high, most of it is altcoins that are from mid - small market caps.

Every time I glance at my altcoin bag, I feel like crying. I don't know if there will be a chance for the price of my altcoin to rise back to where it was before the bear market started. Although I'm going to hold onto them for the bull market. My plans are to sell any altcoins that manage to gain in value along with the price of bitcoin by that time (bull market), and to consider any that didn't to be shitcoins and remove them from my portfolio.

Right, because many altcoins have small capitalization and small circulating supply, so the growth of such projects is always more rapid.


Good advice, but what if the investor has a very small deposit? Buying such expensive coins on a small budget is not always profitable, and long term few people want to wait until their $500 will bring x8 profit for 3-4 years.

Since you pointed that out then better hodl crypto that are not altcoin since most of it are starting to dump though it's price may increase if Bitcoin's price will increase drastically but as of now, I don't think that will happen yet. I guess many of crypto enthusiasts will now buy stable coins to avoid its value decreasing especially at this moment. Honestly, I am not storing any altcoins today and I prefer storing Bitcoin or a stable coin as of now.

But there are still some altcoin holders specially into those situations or scenarios that there might be some sudden pump into our bags which could possibly bring up some profits on unexpected manner.
This is why you are really still that hopeful when it comes to that and still keeps holding with your alts but on my part im not really that stressing myself on believing about those probabilities.
If ever one of those coins did make out some pumps then its either you would be able to see or notice it or simply missed out the opportunity since not all the time
you would be checking out with your bags.

That is true that there are some people who still hold altcoin for a chance to earn somr profit. Well, it's entirely their decision and it's up to them if they continue holding altcoins for that chance or not holding altcoins at this time. I am thinking that the reason where there are still some altcoin holders might be because they miss their chance before and wanted to take the chance or take the risk starting now. If that happens then I surely did miss the chance to take the chance or risk of getting profit in altcoins. I have my reasons for not holding altcoins for now and I am fine if I miss the chance if if ever happen (who knows what it could be).

I would say that there are only a few altcoins that are worth holding for a long time. Before I've tried holding my altcoins but today there are very worth it even though they become part of the top 50 and that is why holding altcoins are very risky and much better to put a stop-loss while holding them since you never know when it will pump or dump.

Most of these will all go to zero it happens every cycle.  Then a whole new group of alts will be pushed and bought.  Will pump on hype amd then they too will fall into oblivion.  Altcoins are trading toys, they aren't to be bag held.

I am not saying that there are no altcoins that are worth holdong for a long time. It's simply about what to do if you are not sure what altcoin to buy or you are not going to buy altcoin which BTC is what you should buy. If I am going to say it in short then buy and hold btc if you don't want btc unless you plannok buying altcoins to hold no matter how long you want to hold it. Well, it's up to the person on what to do or decided to do.

I go with your opinion, there are investors who thinks that the alts that they are holding still capable to bring them the fortune that they wanted to experienced, though some might already lose the chance and there's none to do but to hold and hope that in the future the cycle will favor them and give them that same opportunities to experience that huge profits.

Whatever the reason behind, it always depends on how investors and traders treat their investment and how they look for potential.

Either to keep holding or decide to sell out with huge losses, it will be on the take of the holders.

I luckily unloaded most of my altcoins bags several months ago, despite Ethereum which I consider very important holding beside Bitcoin. IMO, some altcoins will come back stronger in the next bull market and give more profit than Bitcoin as some projects have really experienced people in their teams who have been in Crypto since long time so they are able to deal financially with bear and bull markets, form other side there will be new projects that manage to rise up in ranking like Optimism and Toncoin which are on my watchlist. However, there is still more time for the bears thus this period is a no-action period for me.