Bitcoin Forum

Hi still a newbie trader here. Just want to know. If All altcoins are down since last few weeks. How do traders maker their earnings during this bitcoin correction / retracement. All my polo coins are bought while Bitcoin is 2900usd in the past few months. Now I am HODLing like forever :( All my coins are in bloody red, I have negative -20%  to -30% profit. Please suggest something.

I will advise you not to sell your holding now as you will make a high loses. Trend up and down is the nature of this market and your most know how to intelligence analyzed the price charts before buying a coins or sell them. Though I don't know the coins you are currently holding but most of them will  definitely going to show profit if you can have little patients and control your emotions. Some few months ago I bought litecoin at $27 and the price fell back to $23! When I analyzed the charts I fin out that litecoin is under value and I decided to hold and a week later, litecoin's price raise to $50. Please be patient sir.

Best option here like Idrisu mentioned it's to hold your losses and don't sell right now.

Market will bounce back eventually, you just have to be patience.

Some people set stop losses to avoid losing too much when there's a trend reversal.

Some people day trade and profit from the fluctuations.

Some people just hold coins that weren't absolutely shit in the first place (me), then they don't have to worry.

The rule still the same, buy low and sell at higher peak. If you can't make profit through altcoin-bitcoin, then just convert altcoin into another altcoins, but make sure it's a good coin to buy. If you are not sure to sell/buy altcoins, then just wait for bitcoin's price recover.
Normally, if bitcoin price decline, altcoins will follow to drop as well and vice versa, pay attention before buy and sell your coins.

Depends on what altcoin did you bought. If you bought well known coins like Ethereum, Zcash or LBRY chances that if you wait ,you eventually may get back to break even. These chances are minimalists but they exist. You cannot do anything else rather than HOLD your coins as I believe its free of charge to hold the coins. You can sell at a loss but this is not recommended.

There is nothing much to suggest. Sell them and don't lose more money than you already lost or hold them and hope they will raise in value.
You probably bought your altcoins when they were in bubble, what did you expect for price to go more up?

That's the best part altcoin is down this is the right time to grab mostly any coin and sell for profit. And you can't say that everyone single altcoin is down though all the mains once are down the crypto market is really vast and honestly speaking with the market being down i was able to make more profits than usual. Just explore there are still many opportunities they only need to be found.

Altcoin looks terrible at this moment.

If alts are down, and are looking like there will be nothing to stop that, then traders don't make money.

I think there are the odd coin on bittrex and/or yobit that will be in the hands of PND groups, so if you happen to hold one of these, profit.

Most traders made a tonne of money in the recent bull market, so during times like this, they'll be laughing.

Thinking like a pro trader :) I agree with what you saying when Altcoin prices are all down its time to be the shark and buy all altcoins which show they have the potential market of growth. Sometimes prices fluctuate as a result of bitcoin dips and traders will buy cheap and wait for the right time to sell to get their profits

No surprises for me, until some time back, altcoins kept on facing huge dumps whenever bitcoin finds rising. Fortunately in recent times it was not happening and that is the reason altcoin traders are making good profits. But now tends were seeming changed after ethererum network clogs. I assume altcoin traders are booking losses due to this. Very hard time.

Staying away for sometimes must be the right option in front of all altcoins traders. Other than that switching over to bitcoin trading could be another better option but it will not be possible for all the traders as it requires proper knowledge on bitcoin trading.

All the alts will be see the success like ETH and litecoin achieved. If you wish to invest on the most popular altcoins you can find the profit but real truth is bitcoin is top one preferable for trading investments due to its price pumps happen every day. You need to check the price and need to set the value you may easily find the profit.

If you are a newbie with little experience i would suggest you just stay calm and hold your coins. There will be a recovery in the market. don´t panic sell. If you want to risk a little you can day trade your coins looking for profit from the number of coins you hold point of view (increasing the number of cons you hold and not there value in BTC or FIat)

Stick to bitcoin only to get the earning. For that you can notice that there is some fluctuation in the price of bitcoin so you can take the help from that to earn from your trade. You can buy at lower price and again when the price of bitcoin increases then you can sell them so you will earn and again try to buy at lower price.

If the altcoins are all red or down that is the time to buy to and keep them and wait again the right timing for you to sell it. You have wrong move with that why you buying if bitcoin price are going up? That is not good move but nothing you can do now is wait until bitcoin goes up again.

It is probably the best time to sort,... right?
there is always a way,
it is probably a very good time to apply sorting,
not everyone likes it.

Not all the altcoins are in loss, some of them still very promising with green indicators. And altcoins might decline but here you can open short positions on margin trade.

Since the price movement in the market is wavy, you can learn to determine the top and bottom of the wave, sometimes these deviations are 2-5 percent. So I'll give direction - study the technical analysis, special attention to the TTF signal, it shows the entry and exit moments very well and gives an error of 10-15%, i.e.

At a slow drop in prices you can trade with a small plus. You can find the TTF signal on the site _tradingview.com, it's called Trend Trigger Factor [LazyBear], you can see it in more detail on the Internet. If you have any questions, I will be happy to answer.
Successful trading to you!

Altcoin market is damn down . Almost coins are down so its buying time and sell them for a quick profit cause after every day touching lowest they go up for sure . So i think atm traders making quick profits .

I'm in the same situation as you, a bit annoyed and impatient to see this but I prefer to wait until the end of this month, because I believe the altcoin that I'm bought is a potential coin, this is just a normal situation the price will go up soon.

Both suggestion will be risky. It's either you wait if you believe that the coin you are holding has the potential to increase in price again or you can sell low and buy lower to load up your coins. Sometimes waiting is boring, so if you are a risk taker, you can sell your coins in a lower price and buy again in much lower than your sell price. This will help you collect more coins, so when the price go up, you'll have more profit. I've tried this method before and I gained profit BUT STILL, always check the market because there are times that you can't buy any lower and you might end up losing again.

Depends on what coins you are holding.  If you believe the coins are decent then hold until they go back up, if you bought some coins looking for a quick profit and don't know anything about the coin then find out about it and decide if it's worth losing money over.

I would say hold tight for a bit.

Thank you for the suggestions guys. The Big lesson I learn in this trading is: Never trade while Bitcoin is under retracement or correction, or you will find your self in a negative position due to altcoin dump. Wait for lowest dip, then buy. Sell once you reach the top. Play scalping until Bitcoin correction is done!

Even if investment in Bitcoin is considered as a risk due to price volatility, It is still the safest investment as compared to the investments in altcoins. I would advise you to hold your investments if you can bear some more loss for the short term, as it is a cyclical process and there will be investors who will buy the coins at that level so again the price will increase so as soon as you hit break even, start selling your holdings in small lots.

Responding straight to your question in order to make profit even when the market is falling, you have 2 possibilities:
1. you need to use short selling. So when the price is decreasing you are making money, but you will need to guess the direction(up is long; down si short)
2. or by using only long positions: even when the market is going down, there will be small rebounds upwards, but it is a very tricky approach, you kinda need to buy a falling knife and pick small profits.

What I said, it is from a trader point of view.

An investor would use this corrections to buy and also it is perfectly fine for them to average down the entry positions.
So be very careful from the beginning if you want to be a trader or an investor! If you are a trader, you need to cut your losses short.

The worst scenario would be to enter into a position as a trader, then you see that is going against you and then you will say "oh well, no problem, I will act as an investor from now on, I will keep the position open regardless what market will do". By doing that, you just became an irresponsible trader.

The very first lesson in cryptocurrency trading is to keep patience. The coins you may have bought might be in red but to say that all of them are in red is wrong there are still some coins which are in green and it's those coins which help traders make their earnings. I would advise you to keep aside a few of your btc for situations like these when most of your coins are going down but there are still ones which have an upward trend and you can make money with them. At least this is what I did past few days and made a few earnings.

Short thing here is that you bought on those price which are still on the hype or on their new ATH. You did enter on the wrong timing which you would eventually suffer reds on this case when prices do make corrections. You should not let yourself affected on the hype and decide to buy and buy since you see prices do rally going up. Prices changes anytime and dumps anytime which would really gives us lose and the feeling of holding forever is there and i would really like to suggest that dont ever try to sell on loses. Better to wait than to sell on lose.

A quote that has been said over and over again in this forum "if theres a pump there's a dump". don't panic this is normal. what you have to do right now is to wait. never sell your coins lower than their bought price because thats where you lose particularly if a coin has been rising  too quick, there will be a correction which is a decrease of its price.

your mistake here is when joining a pump you should have gotten out quickly. this is what they call short trade. there are many tips, strategies and guidelines in the internet, search and read it buddy,

This is a great time to learn patience. The good news is, you're only about 15% in the red based on today's BTC price. As Bitcoin will surely return to the 2900 level, as will the price of alts.

More good news: it may feel like forever, but it's only been a matter of months. If you're a long-term trader, this is something you must expect. If you're not. then cut your losses now and learn a bit more about short-term trading before you re-enter. More good news: You've gained experience and should make note not to repeat the mistakes.

I don't think wise traders don't trade a whole lot at this moment of time simply because the risk reward ratio is not worth it. Maybe some are going for quick and safe 2% profits but in the end it might not be worth it.

Keep holding and buying. After this time, they will all grow up so don't need to worry too much, everything's gonna be alright.

Thank you for the straight forward answer sir, can you teach me how to do that average down technique? I heard it already but never tried it. Cause I do not know how to apply it properly.

The best option for now is to hold your altcoins because if you panic and sell it now I'm assure that you'll only lose your money. It just temporarily so you don't need to panic and be patient because patient is virtue. In this situation you must be wise on what will do upon your coins.

I guess casual investors like us becomes very emotional and panic upon seeing red on our investment portfolio. So its really hard not to get disappointed in it. But the option we got is to hold on and be wise on our decision. Because we may regret if we sell today when we see tomorrow that the price has rise up. So its better to hold and not panic and of course be patient.

This has been quite common that the price increase and decreasing. Here this time a price drop has got initiated along with the majority of the altcoins. There is nothing to get panic about the price drop happening today, causing it to reach less than $2400. Be happy and try to make others happy.

Coins which are good and which will add value in future will gain and move ahead rest all of them will be dumped by majority of users and it will not rise in future . This is common among altcoins . Only in boom they rises rest once they fall difficult for them to again rise . Such times actually helps us to know which are coins where you need to invest and have future as well.

During corrections, it's obvious that you are waiting for the dip to buy another more and not to look for profit since the market is on bearish.

How long you are holding now? If you trade on coins that always pump and dump then consider that now as a loss and let it idle. Make way again to recover the loss. In this way, you are treating those coins as loss eventhough in reality they are just idle. Losing money is always at stake when one choose to do altcoin trades. JHere is my example based on own experience, remember NEM when back at below 1,00 satoshis? I considered them as loss because I bought it at around 1,000 satoshis and the price just sleep around that level for almost a year. I continue my usual method to earn bitcoin so that somehow I can recover the loss. Then after a year, the price of it grows. See? All my considered loss are now gaining. That's my strategy when Im losing, I will considered them as loss an move on to recover the amount.

You never know which is the lowest dip because if anyone knows that, then they will be the richest person in this world. I think once we see that alt-coins has corrected a big way and if you believe that altcoin is good then we should start buying in small quantities on a regular basis to get a best average price. Otherwise, we may just wait and watch prices going up and down but never actually buy anything.

If everything is down relative to the US dollar, then you can sell for US dollars (if you think it will drop further) and let the price drop and buy back in at a lower price. If you think the price of an altcoin will drop relative to bitcoin, then you can sell for bitcoin and then buy that altcoin back after it drops.

If you bought your bitcoins at $2900 and the price is now under $2400, I suggest that you just hold for now because the price will eventually get back above $3000.

Don't sell, don't short, don't react to your emotions... Playing with shorts is probably the worst thing someone who is uncertain can do. Getting liquidated is the easiest way to hand your money over to someone else.

In fact, it might be a good time to buy more BTC/alts soon.

I think it's because the price of bitcoin that going down and it makes other alt coin price become down too following the bitcoin price, correct me if i'm wrong. Case like this is really usual happen, when the price of bitcoin increase again, i'm sure the altcoin price will follow.

Even in a dowtrend, traders can make money with day trading. In this case, the MACD helps.

Always follows the basic rules of the trading because basic rules are only the things which made us a successful trader .
(1) Don't loose your patience , because one day surely the price will increase to a high top value and then you can easily recover your investment .
(2) Never sell your coins at low price , but always buy at low price .
(3) Never get panic due to fall in the price of the coins .
 So from these basic rules , here I will suggest you to buy more coins and that will results into the price of the whole coins into average price .
And also here you need to know why the price get down , because  few people are spreading the fake news to lost your btc during hard fork , so people are selling Bitcoin that results into down in the price .
So here you need to take patience and wait until the price get rise because if you will sell now then surely you will lost a big amount.of your investment

I think it is easier for non-traders to understand the bull's logic (buy for 1, sell for 2) than bear's logic (sell for 2, buy for 1) ...

 

Other do panic selling because of this downtrend. All are with red alert, the good thing when this is happening is to collect, buy altcoin which has a good performance for the past months, weeks. If selling now will effect of lose our money some still get earnings buy short term trading.

Hold it till August altcoin will rise again. If you sell now you will be in loss. so wait few more weeks you can make profit

Yes just hold it this is how trading works so you dont have to be panic.

The altcoins are already rising back. Slowly and steadily but BTC is also stopped its drop as people who were waiting for its drop started buying as per my assumption. There were some altcoins which were on the negative side but now the tide is shifting and we can see many altcoins turning green.

Yes
Maybe btc are down now but it doesnt mean but it doesnt mean that it will not recover,Its really bad news to all bitcoin holders  but dont lost hope for the surprising high price of bitcoin soon for the coming months .Dont worry theres still new day waiting to those who keep on hoping.Big hope is coming on us  that all bitcoiners be thankful for that day.

i am newbie but my suggestion of this topic if you want earning more profits as a traders you need to learn the waving the currency of bitcoin always observe the movement of coins it is up or down in short need a timing to get more profit. don't sell your bitcoin if the value is down.

Just hold your coins.I think almost they have come down to bottom price.So if you wait for some more time,it may start to increase.Just understand that altcoin market is highly volatile.Don't get panic at any time.It is the basic rule of trading.Don't follow the market blindly.Turn a deaf ear to rumours.

The only thing you can do now is to hold patiently. Hold for another 3 to 6 months and you have a chance to be in green with a decent amount of profit. I myself have lost 50% of my profits in $ and I am still holding. I hope you are holding some quality coins than some shit coins.

ups and down is always there in all types of altcoin or even in bitcoin. I think those people who can wait and have some patient they can really make good profit from bitcoin,. but those people who do not have patient for most of the  time they lose their money.

sorting will be the best method now.
Will you come?
It may be nicer.

I think right now the traders will be just holding their digital assets expecting for a price increase rather than selling low without any profit as the entire cryts were decreasing in value without much growth happening in between as the past days were fluctuations happen quite often.

Correct, traders are simply holding for now. Maybe some are just dumping for a simply a cash out but I believed that most of them are holding on their assets. In this time of uncertainty, it's much better to hold and don't do anything stupid that you might regret in the future. I also speculate that they are taking advantage of the low price and stashing some coins as well. Still a win-win situation if you see it.

Traders not only earn with buying low and selling high.Traders need good feeling to read charts and understand market conditions. Same reversed idea works with selling high and buying low in your case ;) You should make decisions with calculating reliable long-term return no matter you trade cryptocurrencies like btc,eth or other forex assets.

All my money is in alt coins,so while I'm waiting for the market to bounce back, I'm increasing the number of the alt coins by selling when the price peaks and buying them back when the price drops. This way I'll have more coins by the time the market bounces back.

Altcoins are all down and no opportunities ? Are you sure mate ? If you're an expert you can find an opportunities in current market and you may be can double your money.i knew many altcoins are down but if you look it closely you can see the patern.
Example ; PTOY,you can see it current price is around 5k and it tried to hit 4k but bounce back to 5,5k.

There's a lot opportunity if you can see it,but dont let your emotion take control  

Or

Holding,it might be the best this time for us newbie to secure our profit

When everyone is panic selling, the sharks are buying. It's feeding time on blood red days! Time to munch the minnows up ;)

Altcoins depend on the price of bitcoin. If the price was going low then the altcoim goes down at the same time. If you are worried about your altcoins then convert it into Bitcoin or another altcoin to avoid loss of profit. We aim for the profit or higher profit. It is actually works and choice for us to benefit of what we had. I know altcoins have the big role in our cryptocurrency.

They eventually earnin some coins i would say i earn from draco and other shitcoins that were suddenly pump then play with the market but in your case you need to wait until the price become normal after august 1 .just keep holding now and save your bitcoins in a hardwallet.

When altcoins prices decline, that's the right time to buy obviously, because we know some coins really has potential and will grow up again within months such as monero, zcash, ethereum and gigabyte. What matter is your patience to wait, current dump caused by bitcoin news that will split on August 1^st. But we should be sure it will rise again in the next month, so people cash out their funds from altcoins to buy bitcoin right before segwit activated, consider there is testnet of segwit2x on July 21th to see how it get support.
" Then, mining pools, companies and users are expected to begin running the code on the main bitcoin network as soon as July 21."
http://www.coindesk.com/bitcoin-segwit2x-testnet-fork-scaling-proposal/

Yeah just try to have patience and look at the bigger picture. Though your entry point is at a quite expensive price, the future is still before ua and i'm pretty confident that btc will bounce back. As per traders, i think the most experienced ones still are able to earn from altcoins even though they're down most of the time. These people can observe fluctuations pretty well and can take advantage of any changes in the altcoin market

Yup who is having more experience in trading they are still doing trading and making a profit. But the normal traders and newbies are stopped to do trading. And they are holding coins for next month pump. I think most of the people are stopped buy and sell business all are waiting for August 1st effect.

When you bought your virtual coins, you likely bought them from someone who paid $100 for all of them. You paid them $1000s for something they paid $100. They are very happy and probably used the money they got selling you their virtual coins to buy a nice car, some dinners out with family and vacations.

Now you are holding some virtual coins. You hope to find someone else who will pay you more for the virtual coins than you paid so you can buy a nice car, some dinners out with family and vacations.

Why would they want to buy your virtual coins for more than you paid? Because they, in turn, might think they can find someone else who wants to buy those virtual coins at an even higher price in the future.

Now... when will that person come along who wants to buy your virtual coins for more than you paid?

That is what you are waiting for. Nothing more. Nothing less.

There is no need to worry my friend. Earnings in trade is not on a daily basis. If you are new, let me tell you that you are on a rollercoaster ride. It will not be all upward, there has to be downward. Fluctuation is real. The price is volatile. If everything is on a flat line then there would be no need for a trader, no need for some skills and analysis, no need for the "buy high sell low" strategy. All these are temporary and will not last long.

In general, in trading, take advantage of anything that happens and that is currently happening in the market.

Not so sure about quick profits. Might also be a lot of people searching for the next Ethereum.

Sure, nobody can give you 100% accurate forecasts. But I tend to agree with the most and say that it's better to hold. The market needs to warm up a bit.

It has been a rough month for traders, not all the time the coin going down there are few times the coin going up a little, even though it is only a while, but it is not a good time to trade, it is better to hold your coin, and it seems like it's getting worse hopefully after the August the price can be bounce back and stable

it could be a boomerang too , it might gives you a lot of benefit. the price recently keep dropping but for those people who knows already and have played long time enough in crypto trading would know the right time to cutloss and buyback later to get a lot of profit more than when the market in stable situation.

For a while it's better not to trade because of the downtrend and return to trade in the real world, at now I also suffered a loss and was forced to hold a coin and see in august how segwit and hardfork later.

What I did now is I still trade but I only do one thing which is buying, I would only trade after the segwit this August 1 because I
am confident that the price will be normal again and I can easily make money from the cheap price of altcoins now.

Buying cheap coins would be suggested as of now. We should not limit our selves on not making a move since we can still able to make money buying from the dips and if you did bought on the price on yesterdays then for sure you are earning some profits as of now on doing short trades specially on bitcoin.It already starts to climb up again but we cant still be sure. August 1 is still approaching.

Traders dont earn like you think. They dont make profits and take home every day, its based on the average of profit and loss. My altcoin portfolio is 40% down right now and I am in loss right now. But I know that it is just because of the correction and It will be back to positive soon. This is the buying season, choose wisely and buy what you can.

if they did not bought yesterday i'm sure there are many opportunities to come considering that people are panicking and switching to alts maybe over the potential split. but

yeah sure opportunity loss for those who did not. i think no it'll not start climbing up to break its personal best not until we're in this situation or worse than this, It is just the

usual situation where the price keeps going back and forth.

In a bear market, the traders that make money are the ones who are "shorting" the market.

That's right! but in my experienced for what I did is I trade altcoin to altcoin and sometimes altcoin to Bitcoin.
Just always check the coin first before investing into it. Then apply holding or short term trading.

This is the best time for altcoin down, this is where I always take the role to buy altcoin that is going down drastically. I always take this opportunity from year to year. Keep in the long run the result is always maximal. And I always profit to take advantage of this moment.

Follow the simple rule always, buy low and sell at higher price. If you are not sure to sell your altcoins now, then just wait for your altcoins prices to recover and comes in profit.

Just have a patience little more.Bitcoin price is slowly and gradually recovering from the fall which occured due to panic selling.Soon bitcoin would cross$3000 and if you wait a little more,then you will be able to make huge profits.

when altcoins are all down just be patient..some converted it to other altcoins when they foresee more earnings while some traders will buy more altcoins in this period then hold it when altcoins goes up this is the time they gets more earnings.. :)

They will keep the patience in such situation. They will think for a minute or so, checkout the market predictions and then will sell with the current value. A trader is the one who will never go into loss (-20% is big loss) and they will probably find a way to recover that loss with another open trade or by reinvesting with different strategy.

Traders, specially short term traders, doesn't really have problems regarding the downfall. As not everyday the price goes down, so they can easily make profits even when the price goes down huge. But for those who bought and the price went down, for them its just turns to be a game of patience and converts to a long term situation.

The assumption is very simple, there are two types of traders, short term and long term. Short term traders notice these dumps very early and sell their coins very early so that they can buy back at the lowest point. For long term traders these dumps are not mattered. They but coins early and hold them for too long time.

You should sell out that holding and wait for the market to regain its value. Currently market is red due to split that is going to happen in August. However the good news is bitcoin and coins will be recovering soon enough as was experienced yesterday with recovery phase. For now do not do any trades or you may wanna buy a coin at this point because you will get bigger profits once it start moving into green zone.

I once was in that same situation before, I bought a coin when it was it's highest peak and never expected it to go down drastically in a short span of time. What I did was, I did averaging so that the amount of coin I bought it for would be divided instead of losing profits. I'm not sure if it works for you but it did for me and right now as I have did averaging I'm just waiting and holding on to my coins but the losses are not that much compared to the value you bought it with.

You can make earnings by Selling at small corrections of the downtrend and buying at low of it. Refer on technical or structural signs.

There are several ways, one is to buy even more bitcoins, this may seem insane but follow me, if you bought 1BTC at 2900 then you need bitcoin to higher than that to get earnings, but if you buy another bitcoin for 2285, the current price, now the average price of each bitcoin goes to 2592.5 so next time the price rises you do not need the price to go as high as before you only need bitcoin to go above 2592.5.

Im a noob and suggest other noobs to just stay the fuck away from trading if your not an expert in such bearish times. I thought i could be mr. wise guy and and make profits if i switch from btc to altcoins and so on, but i would have made much less loss if i just hodl my starting portfolio. Anyway, learned my lesson and now holding my alt- and shitcoins and hope for the best.

That’s true, indeed. It’s really safe and wise to do deep analysis of coins before investing into them. It’s nice to trade in different coins but best is obviously to trade with bitcoins. We all know that bitcoins are far better than altcoins. Bitcoins are always step ahead. One just needs to be little patient and smart while trading with bitcoins. But for sure, their reward is always more than altcoins.

If the OP has followed the advice I gave a few post above he will already be on profit instead of being at a loss, if he bought enough bitcoin to lower the price of his investment on bitcoin to get to 2592.5 in average, then he will be in profit at the moment with the price at 2624.92, at this point he could sell or wait for more profits.

We only can wait until the price comes up again, but this is the right moment to buy some coins. As we know, today bitcoin price is falling down, just buy btc or altcoin with low price but stable volume for invest and trade. Image if bitcoin/altcoin never correction/ falling down, how we can find a good price to buy it?.  I suggest for you, trade or investment become alternative job not primary. When bitcoin/altcoin falling down you'll not stress or panic. Have a nice day.

These days no profit at all from most  of 90 % alternative coins . many of them lost more than 50 % percent if you trade a month ago , so this let me learn by experience that long term investment is risky . hope i get my investment back

I haven't got into trading crypto's just yet.  I'll put money in if I believe in the future of a crypto but wasn't setup to trade until now.  I'm surprised to see the general positive sentiment on how easy it is to make money from trading alts.  I've traded stocks for years and it's definitely not easy, especially for the inexperienced in dealing with a loss position.

The crypto market is super volatile, so I'll just keep an eye on it for now.

Dont BUY any coin untill August 1 wait for the good time to buy All devs and Whales are watching Market only not trading anything ..
only the BIG Whales playing with bitcoin

Try to take advantage this kind of situaion people had gheir chance to buy altcoins and stocack them hold them while the price is low you have a big chance to earn profit with it i am currently holding some alternative coins too and now if this volume become higher i can say i could make higher profit too. Dont aftaid to risk because we know to our selves in trading their are lose or winner

Traders don't have to make buy and sell for the coins they hold. In poloniex, there is margin trade option which is good if you're okay with short positions. And you can still earn a lot.

I saw in coinmarketcap all altcoins was moving up, and whether now the right situation to sell it for some altcoins?

These is also my experience. In almost 2 years of trading.  So this is my advice to you never sell your holding and wait for the up. Its normal in trading  that you will be trap in negative portfolio all you need is patience. this is the best example  bitcoins drop 1,900$ and quickly recover in 1 week  so you have now profit 700$ of you have  1Bitcoins that's  is how trading works. Trading is not a daily earning sometimes you lose but when you have patience it will recover fast. I always say that on all my friend that want go on trading.

I agree with you most of the Altcoins are down but I would suggest you to hold it do not sell it on loss when market will bounce back your all coins would be in green its all about matter of patience you have, I would suggest you to always invest in top 10 alt coins.

Value of alt coins is pegged to bitcoin value. I saw that when bitcoin soared today to 2925 high alt coins most of them even the prominent ones were down. I believe there is something attached to what a satoshi value means to a dollar and like wise the interest comes into various alts. This is what I have seen. Now when the markets stabilize is when one sees the alt coin edging to somewhat a proper kind of a hedged position. Now bitcoin being higher makes purchases of alts more expensive as the satoshi value has increased. Like wise if a fall in bitcoin dramatically changes the scenario of ur holdins even if u see ur alts much higher than ur purchase price. In exceptional cases if some alts have gone up by 200 or 30% is when u actually can say u r in real profit..

You will learn more soon. It is not necessary that all new traders have to experience it all so it is better to equip ourselves with knowledge. Last year this is the same situation, most in the crypto market went down too. Ghost month is coming and Segwit drama is not yet over. Trade with caution in a bear market.

Traders make there earning by buying when the price is down and sell when the price is up. This is what professional do for profit! If you want to really make money like professional you have to do what professional are doing.

Now all altcoins are recovering, and Bitcoin price is also recovering. Those who bought the coins last week means when the price was down now they can make double profit. Becasue all altcoins almost increased 50%. The Profesional traders will wait and make a profit. If you don't have patience, you will never make a profit in trading.

That’s what is going to happen in coming months. Indeed, it is the best time to buy bitcoins but not to sell them off. Selling now will be an idiotic move. Crypto market is indeed going to show huge rise in prices of coins especially bitcoins in coming few weeks. At this moment, no need to waste money on other coins, grab as much bitcoins as possible to be among the benefiters.

If you do not know what you are doing then it is better to stay away from trading, when you are losing money the most important thing is to hold, if you sell, you are confirming your losses, if you hold then when the price goes back to normal your investments will return to normal as well.

I sold some of my bitcoins from $USDT at 2800  and 2600. Now I am relaxing waiting for Bitcoin to dump and rebuy it at the dip after August 1.

More earnings after segwit :)

If I were you, hold it when not needed. The bitcoin will recover its price soon more than its price now. Many traders here are holding it because the bitcoin is volatile and decentralized while the price fluctuates, sometimes decreased and increased its price. So, hold it I will assure you that it will double the price someday. Don't be worried!

It is at this times where trading is the most profitable, for long term holders this is a time to hold but for those that are good at trading this is a golden opportunity to make a lot of money in a relatively short time span since this is exactly the scenario they like, a market with a lot of movement.

Well  im advise to you just buy the fucking dip price if u have left btc on your wallet do not sell ur losses just control ur emotion..  Just make a plan how to profit again during the red tide...

I have option but this is a risky sell low buy low if u doing this just u need a little technical analysis if u feel the market still dumping just follow sell direct and wait Buy again to a next support lvl.. Gudluck

Evem for short term traders, its actually a good time to trade. It doesn't mean that because altcoins are down that thwre won't be any movements in the market. Fluctuations are going to be there for experienced traders to take advantage of. They can buy coins at a lower price than usual. Though that.would be past us for now as things are becoming a bit lively again.

All movements does really matter and as a trader we would really see this as an opportunity for us to buy cheaper coins which we would know that later on it would rise up its price and then we can able to generate profits on such movements. Any moments on where price do move as a trader we should really know on when to jump in and when to jump out and securing profits.

Yes , it is great time for us to make profit and take advantage with these dums if you know how to play with it its much better but if not stay on hold buy in cheap price and wait until it reach again its new ATH or when the market is good going..

Traders observe the dip and make risky bets with coins that can pump and dump and with a low capitalization

This is the primary and simple strategy of doing successful trading. If you really want to play safe in crypto trading; hold on to your precious coins when prices are going in the red zone area on the graphs.  Never ever sell when bitcoins are losing value. That’s just for short time period. Soon the prices start pumping; you are going to feel really unfortunate for selling off coins.

I will not call the people that do that traders, they are speculators it may seem like the same but in my opinion, they are different, those that are looking to get huge earnings because they think a coin is going to pump are not basing their judgment on anything but hopes.

i think there are a lot of good potential altcoin from where one cam make good profit although their price may be down right now but in future when people will stat taking interest there then its price will start increasing.

When altcoins are down, its the best way to buy altcoins and when it pump and reaches to the higher or highest level it's the right time to sell your altcoins,  that is how traders make more earnings.

yes i agree it is a simple quite amazing way to have more earning maybe .everybody really didnt want to hold because they are panic but.it is not really the time   to panic .if its price is down i think it is a great opportunity to have more earnings in the next day week a month or even in a year.

Just a suggestion for how many today do not take the risk of trading. Wait until the end date. Still resistant to coin

IMO , everything will be normal after 1 Aug just like past
Everyone especially whale trader is gaining some benefit from it so people also try to do the same things like sell all their coins

Yeah that is true. Many altcoins nowadays are really have good potential. Yeah it also correct that most of them the value are going down but in the future for sure it is really profitable.

Only patient and control of emotion can give you profit or protect from loss. so if these situation will come try to hold the coin strongly and control your emotion. for control emotion you can try to avoid viewing the price of these coin again and agin..

Correct the issue is that is very easy to see when you do not have any skin on the game, but for those that are losing thousands or even tens thousands of dollars it can be a very difficult pill to swallow to buy altcoin when they lost all that money in that market a few days ago.

That is right, especially when dealing with the well established altcoins. It can be a way out of the present uncertainties around Bitcoin, mopping up cheap altcoins and holding until the storm be over and then one can sell them off and buy Bitcoin again. However, there is a risk of missing the Bitcoin moon expedition ride as Bitcoin will most likely plummet soon after August 1st.

If you worry miss the dip price of Bitcoin after August 1st, you can split your fund and keep 30% FIAT or USDT for buying Bitcoin if have big crashing on market as your predict. I think do that can helps you earning profit from altcoin recovery price and buy a lot of Bitcoin for your balance :)