Bitcoin Forum

You know how this is going to end. You might be trying to lie to yourself, you might be secretly hoping that some token in your "portfolio" that you have 10 million of is going to moon to $50 and make you rich, but let's be real: that is not going to happen. Even the allegedly strong altcoins like LTC or ETH or whatever is cool these days (I've been out of this game for a while) are not doing well and BTC dominance is growing. Which makes sense if you think about it. BTC can do most of what any altcoin can do and the few really useful features that BTC is missing (private transactions for example) are implemented by multiple altcoins, fragmenting their market share.

And the elephant in the room: 99% of altcoins are total garbage. They're called shitcoins for a reason.

Sell your altcoins and tokens. Take the proceeds in BTC, stick it into a cold wallet, keep some online to play around with Lightning and other things that actually matter for real-life stuff, like being able to buy something. When was the last time you were able to use for example Ethereum for something tangible, not to buy some garbage tokens or to play a game?

Do it today. Your grandkids will thank you.

We can't pin point which is going to only stay here for long time which gives the hop for every altcoins holder that their altcoins will also be in long run so they are responsible for their decision and we can't do anything about it.I also second your opinion of sell your altcoin but for bitcoin.

After this I got one question,will crypto market able to stay alive without altcoins?

that's not a bad idea, but the problem is that the tokens that I have are not yet listed on the exchange, even though some of the tokens that I have are generated from good projects. then how to sell it? In this case waiting for the altcoin season is very boring, especially for altcoin holders, but I don't think to immediately sell all the altcoins that I have, at least only a few that I think are not worth keeping, so sell immediately.

Sometime before ETH turned $3, I happen to buy some about 7k of it, if I just wait for the breakout at $7, I could have more money to spend on every ICO in 2017. I'd be waiting for more years from now on before selling the tokens I own. I'm pretty sure I can wait this time, I shall feel the frustration today but will later not.

I agree with you on some issues. We agree on the future of Bitcoin. But I disagree with the idea of buying all the subcoins. The right project becomes really profitable. Hundreds of cryptocurrencies in the latest bull have earned good money for those who own it. We can't ignore that. But since the last bull, more than 1000 projects have surpassed ICO. Not all of them can gain value. Someone will loose, some of them will earn.

It actually depends on what are you holding. Before, whenever I receive my bounty reward, I hold them longer than I should've to the point that the value goes almost 200% less than the amount if I sell them when I received my bounty. There are decent altcoins that are worth holding, but do not hold new altcoins that long since it is risky.

This is a logical conclusion, many people will agree with you, but not me. I will not stop believing in altcoins. Bitcoin is the basis of cryptocurrencies, Ethereum is the king of altcoins, but this is not enough. The cryptocurrency market is too young, now it has problems, but everything will change, I believe.

This is your own decision and not going to work on many people especially altcoin lovers, the real fact is bitcoin and crypto is still very young and bitcoin can't do it alone, many better options are still yet to come and if you think its will be bitcoin forever you are only kidding yourself

I think we will see more price increases. We just started. First we wait for the rise of Bitcoin and then many other projects. Of course, we don't think they can all go to the moon. But new and beautiful ideas are waiting for development. These will support the growth of the market when the time comes.

And in particular, I believe that the Ethereum may become very high in the future, even if it is not yet ready.

You can't just say what will go to happen in the future. You don't know what the future holds. You are just driven by your emotion because of a probable lost in the past when the market is something like this. If you want to save yourself from your so called frustration, then go save yourselves. WHAT IF, the alt season came? Then, this prediction of yours would be nothing.

Sell your shitcoins today. Use the proceeds to buy Bitcoin and solid altcoins. There is really no need to all out on Bitcoin. Bitcoin is the best coin to buy of course but it will also fall sometimes. It is better to diversify your cryptocurrency portfolio. Of course you will not diversify it with shitcoins. Altcoins are mostly made up of shitcoins but there are some that are not. Ethereum comes to mind. No question about it.

I think you've lost alot to altcoin investment and now you are angry and been controlled by your emotions, you need to safe yourself the frustration and try to understand that risks are meant to be taken only by those who aren't scared of what to come, i am sticking with altcoin no matter what, all i need is solid altcoins that have real use case and i will be fine,thanks for the advice anyways

@OP

It's easy to say but hard to take the decision.

Investors just cannot wipe out their alt portfolio for another coin if they are already in a loss.
Some peoples may already have a huge loss and they maybe don't have an option to think to exit and reinvest in a new coin, except to hodl for a fortune or for a minimum loss which they may digest.

2019 is the year for alts to bleed and last year it was for bitcoin - the thing we need is a concrete market for both bitcoin and altcoins (the best ones).
Shitcoins need to vanish and this can only possible by educating investors to choose the right coins. Imo, 2019 has given us the opportunity to figure out the shitcoins; coins that are survived are the best coins.

Instead of advising people to go with diversification you are telling them to sell their altcoins for bitcoin, are you a great seer? somekind of a messiah? i guess not, mind you i will remember your advice today and keep your post safe for the future and when altcoins start surging i will be the first one to remind you

Some altcoins will do very well and I don't think all alts will dump just because they're altcoins. Two years ago, altcoins were exciting precisely because they weren't like bitcoin, in the eyes of optimistic investors, they represented the limitless potential of blockchain technology, which was going to revolutionize everything. Now we've seen that not all applications of blockchain technology make sense ,and even the ones that are viable will take longer to reach true adoption than people originally thought. People are now more cynical, and less certain, about the success of projects just because they're blockchain. They've had their eyes opened to all the uncertainties. The result is that altcoins are now seen as a sort of lottery ticket, maybe you pick the right one but the odds are against you.

Most of the above is just a variation of gambler's fallacy or some other unfounded beliefs that somehow all this is going to fix itself. I'm surprised that no one mentioned 10000 BTC pizza yet.

Now grab your calculators and tell me how much more money you would have today if you had exchanged your altcoins into Bitcoin in early 2018? Or really at any point since then. I bet it's a lot. And yes, some altcoins, perhaps 1 out of 100 or 1 out of 1000, may eventually become profitable but the thing is - you don't know which one it's going to be (so it's a gamble) and if you diversify you're gonna lose a lot more than you're gonna win from that rare good coin.

This is not like diversification in the stock market, where you're choosing a basket of generally well-performing stocks and trying to insure yourself from an occasional dud or some unforeseen risks. In the altcoin market you're diversifying among garbage that may or may not have a golden nugget in it. If the cryptomarket is going to recover to (and beyond) its ATH then you can be certain that BTC will be at the top of it. You can't be certain which, if any, altcoins will be there. Do the certain thing. Sell alts and tokens.

It's called shaking out the weak hands..

That's a pretty bold statement,telling people to just give up right away during a bear market, like this is the end  ::). If it wasn't for altcoins their wouldn't be much competition, which is ultimately needed to drive the fundamental spirit of innovation within the community. Competitiveness has helped the sector to grow by keeping startups companies, dreamers, and innovators fresh on there toes. Not every project is a clone/shit coin, but I will admit, there is a fairly large amount of them. A lot of ideas float around here and there and get picked up and rehashed into newer ideas.
 I personally believe that this was the whole point of the creator Satoshi's reason for making it an open source code. To encourage and inspire through a little healthy competition in order to push the spirit of innovation and keep the energy flowing. Look at how big the community has become over the years!

Just my two cents  :P

So true, I am still in dilemma whether to go ahead with your advise and sell off all those shit coins and tokens which is rotting in my exchange as well as myetherwallet but still trying to console myself with a lie that tides will turn our way and there might be one more bull market in the future but it's not helping me at all as things are getting worse day by day. I would rather suggest people to make a resolution that they will wait till a certain date and then if we don't get desired result then its time to get rid of useless shitcoins and tokens.

Weak people will indeed fall for your post and do as they are been told, lol i don't know if i should thank you or not, we need strong altcoin holders,not those who keep complaining every day about the price of altcoins, if you want to get rich overnight crypto is not for you

Okay, no one can see the future, this is the fact. If you believe in your altcoin you can maintain holding. And there is a lot of shitcoin in the market this truth accepted by everyone. But you can't say all altcoins are gonna see dip. I have faith in some altcoin and holding them to prepare the next bullrun like eos, bnb, nrg etc.

I'm not saying this is the end of everything. Bitcoin is doing fine. It's 1000%+ up from just 3 years ago. Some altcoins are up significantly too, altho not as much relative to Bitcoin. However it's the end of careless shitcoining when people were pouring their "free profits" from let's say Ethereum obtained at $0.70 into every ERC20 token. The end of easy money. Time to think about taking the profit.


There are maybe 10-20 really innovative coins. Most of the other stuff is just copy paste or poorly implemented nonsense that shouldn't even be on the blockchain. And none of that has anything to with what I'm suggesting. I'm saying - kick your gambling habit. Stop fooling yourself that you can somehow play the market. Let innovation rise to the top on its merits and not on the market cap numbers.


I'm certain satoshi would be very much disappointed by the mockery altcoins and tokens made of his idea of "new electronic cash system that’s fully peer-to-peer, with no trusted third party". Massive premines, hundreds of millions of dollars going to developers, scams all around... maybe that's why he left, disgusted by all this.


No we don't. Real market shouldn't depend on someone holding the bags. People shouldn't feel obligated to their bags. Coins should have use cases appealing to people.


Oh I can see the future and it's very bleak for 99%+ of altcoins and tokens. Are you feeling lucky in choosing the "right" ones to hold? Even stalwarts like ETH can disappear in a year or two if let's say Vitalik bungles up his POS thing.

You have a point but always remember that all of us have different strategies in holding and investing in different altcoin. Like what I did. I already sell my eth to buy bitcoin while the price of bitcoin is still low. I think it is more practical because even if bitcoin's price right now is too low it is a fast moving coin and can recover it's price very soon.

Which is common from different investors, you have to follow your own understanding and continue supporting whatever you think is best for your money. It's your decision as it's your money that you are using for your investment.  Take your time researching before dealing with any crypto.

The market situation is indeed unpredictable. But, if you believe in the altcoin that you saved, then just save it, it's yours. Sometimes a lot of people suggest this kind of thing but the choice is still the owner's control. If the altcoin that you hold is below the top 10, I think it can be worrying.
Personally, I only save BTC for now. And a little ETH.

If you are an altcoin holder, you should really be joining the fud so all those coins you hold will hit the bottom and start rising up. Spread the word that BTC is the only one to be hold and dump all the altcoins. It doesn't matter if they are on the top of the rank, its all bullshit and speculative coins.

I have lots of shitcoins that never get listed on exchanges but also have some that are on exchanges but with very low price, so i have no choice but to hold until the bullrun comes because i believe even shitcoins in bullrun gets pump.

If bitcoin alone will remain, the purpose of trading will not be beneficial at all. There are altcoins for traders to choose from, in order to buy and invest their money. If we were removing all of the altcoins in the market, we don't have other options. So for me, altcoins are still needed and also they have other practical purposes which bitcoin doesn't possesses. basically, we can't compare cryptos directly to other crypto.

Those who have already bought shitcoins do not have a choice but to hold. Let’s admit it at first we taught that a certain coin will go to the moon but ended up no value and even not listed in a good exchange. This is very important to know the consuqeunces before investing to know if the project is really worth it of our money. I must say invest on btc and of course there is still some altcoins worth buying and has a future.

What frustration are you talking about? those who buy at all time high will have no choice but to hold, i belief if they sell now means they accept their losses but if they hold there is probably going to be recovery soon, just because today's altcoin market is bad doesn't mean it will be like this forever

well, that's a good idea. but i can't do as you say. and it seems it's too late to sell it (ethereum) now, right now i'm a little frustrated because i waited too long.

but if i sell it now i'm going crazy, it's better to keep waiting.
i believe Altcoin will pump someday.

If only you hold a little more you can imagine how much money you have right now. 7k eth bought at 3$ even the market now is down you can still earn profit. Anyway done is done. I do hope you invested in some of youre profit on some asset like real state, bonds, or any property aside from crypto investment.

Better to be patient than sorry. If you already hold a good token or coin, even though the price is falling right now, I think the price will recover. Almost all altcoins are currently in poor condition and I think when the market starts to recover, altcoin prices will rise again and we will be thankful that we are not selling at cheap prices

I somehow disagree with this statement. I have consulted with several well-versed investors in the cryptocurrency markets and they think that altcoins could have a major boom somewhen until 2021 with a peak in value at the end of 2021. Bitcoin will be the first who will get traction as always and will drag the LEGITIMATE altcoins with it. Even if Bitcoin is a safer choice, altcoins are at very 'cheap' from some point of views at the moment. Most importantly if YOU think they are a bargain now, you should definitely build up a little bag. Don't over leverage yourself of course, but it's good to have a little bit of skin in the game. :)

DISCLAIMER: This is not financial advice, I am not a financial consultant so you shouldn't follow my advice. This is solely my opinion on the markets.

Now is not a trend to hold altcoin, but if what you store is ethereum, then it doesn't matter if you want to hold it, because ethereum is a good altcoin and always has the potential to increase in price, than you will go crazy if you sell it now, because now ethereum there has been a slight increase in prices on the market.

Not a good thread but still I understand your frustration. There are altcoins that didnt succeed in this bear market and lost all of their funds for development. But still, as long as there are altcoins that succeeds in this bear market then we can still invest and hold some of them.

The first bullrun was drive by hype but i doubt the second one will be drive by hype so shitcoins might be left out this time around, its better not to hold any shitcoins and diversify your portfolio, focus on bitcoin as the first priorty and others next

Cryptocurrencies are like any other assets traded at the Wall Street Market, people there  make money from these trades others lose it all...same thing applies here so if you in it to make money then buckle up and enjoy the ride , otherwise leave the crypto market while you still can if you not ready to risk a little.

In other words, we have to accept all the risks, if you are afraid of loss, then leave, if it is still strong, accept the risk, hold on.
The decision to hold or sell assets depends on each person. If it still exceeds BEP then it's okay to hold it back I think if it's worrying then sell. It's that simple but requires a deep and mental analysis that is strong. We do not force the will, everyone has their individual considerations.

yes indeed we cannot call them all valuable, most of them are just rubbish and are used to make profit in trade.
but if it's for daily profit, I think altcoin can provide the best choice.
and also we can't call them all rubbish because there really is altcoin to be useful, and really utilizing blockchain technology, even though it's only 2 out of 100.Because technology will continue to innovate, and will continue to develop, so there must be some altcoin that follows the btc.

In any case, I believe in the future of cryptocurrencies, but I must admit that almost 80 percent of all coins in the cryptocurrency market will die after a certain time.  Many projects do not have a real product and today they cannot offer cryptocurrency users or humanity, and the value of certain coins is heated only by speculators in the market.  Based on this, I believe that in any case, you need to get rid of unnecessary coins, which is the main task, since it will be very difficult to choose something promising from the total number in your portfolio.

There is no point in selling altcoins when their value went down over 95 percent and we could do nothin about it but hope for the best and pray for the next alt season to come! Well, I can say its totally normal to have frustrations but I guess most of the crypto community  believe on these two famous expressions that says "hope springs eternal" and "it aint over till it over!"  :)

is this despair? this is bad for someone who might have been in the crypto market for a long time and has already benefited a lot from crypto. if you are new to this market, of course, you will be frustrated waiting for the moment that your assets have returned your capital.
but for a pro trader and investor, they will not give up and take advantage of every small opportunity in the market. those who study can get greater opportunities.

I agree that it's better to sell altcoins these days rather than holding them for a long time because most of them lost their value. Unlike potential coins, new altcoins these days aren't that reliable. Some of the altcoins that I'm holding also turned out as shitcoins which I thought could soar high when the market recovers. It's true that we must not give up on holding but some altcoins are really frustrating.

We do have a choice, that's what this thread is about. Choose to accept that altcoins and tokens are almost all garbage, and that holding them is a loser's game. Choose to sell it now and if you're still willing to gamble in a year or two... you can buy them back at half the price.

Maybe a picture will help to understand this better. This is what you're betting on by holding altcoins:

https://i.imgur.com/uxOauj7.png (https://i.imgur.com/uxOauj7.png)

And if you take liquidity into account it's actually much worse (https://medium.com/utopiapress/crypto-diaries-a-new-analysis-shows-btc-dominance-is-more-than-90-aa1a817d97cb).


It's better to get 5% out of it than 4% or 2% or 0. There isn't going to be "alt season" for all current garbage that's out there. Some alts may rise but you don't know which. Likely some new promising tech that may not even exist today. The only known fact is that BTC will still be there.


Are you talking about me? I'm not in despair. I sold my altcoins about halfway down that chart. Should have done it sooner but I'm not complaining. That was my opportunity and I took it and I'm now in a far better position than if I was holding.

if you sell tokens that you have in this condition the price is still very cheap, it will only make your nominal funds decrease, when trading you should use money that is not too used so you are not too afraid when prices fall like now.

I don't think that it is a good idea .
There are shit coins yes but not all of the alt coins are worthless and would end up being dump.
You have been in crypto for a long time now and you should also know that there are some alts that have some potential to grow.
The problem about the new traders is that they would only buy whats on trend or whats hot without knowing the background of the alt coin that they are buying.
Most of them are just picking up randomly and hoping for the price to go up.

never sell it your frustation maybe worst when time comes for crpyto

We just don't know what will happen in the future since no one can predict it. I only hold alts that have a working product and maybe this choice of mine will be justified once crypto markets went bullish again. Also, it is highly unlikely that no alt season will ever arrive, and if its true, then there is no point in developing blockchain  innovations needed by most industries in order to grow right now.

I think you misunderstood me. By "alt season" I mean a big market boom like 2017. I don't think that's gonna happen. There are so many worthless coins and tokens, and smart people with money have hopefully learned the lesson so I doubt there will be trillions of dollars available to lift the whole market.

But innovation can still happen. Some coins will do well. Except 99% of us have no chance of guessing which ones. Even if they have a working product - usually there is like 3 or 4 or 15 competitors. So whatever bags you're holding - they're not going "bullish".

The altcoin craze strated during 2017 when almost all the coins were pumping and that time many altcoins gave returns of more than 10x which made many people instantly rich. People are still investing in altcoins with that in the focus. But people tend to forget that many coins which started during that time are dead by now. IMHO altcoins are good for quick gains and profits but aren't safe for long term hodl. With Bitcoin dominance increasing day by day, altcoins aren't that lucrative as an investment. Volume has majorly shifted towards bitcoin.

Now it makes no sense to sell your tokens at such low prices, maybe with the next bitcoin pump some of the tokens will also be pumped. They had to be sold in January 2018.

Some truth are already known and established, except we feel like deceiving ourselves. Most altcoins in the crypto space are meant to be traded in order to accumulate more established coins, such as BTC, ETH and others, but when trees sets in, instead of gaining, it might be the order way round, losing. Which make me to always conclude that just very few altcoins will last long.

I agree that almost 80% of the entire cryptocurrency in the cryptocurrency market is a waste of money.  After a certain time, each user will be convinced of this.  A good idea is to get rid of such cryptocurrencies, and buy the highest rated and most sought after coins.  But there is only one problem, which is who will buy this cryptocurrency if everyone wants to get rid of these bad coins.

selling now only to people who intend to secure their money despite losses and then leave the crypto market. those who don't believe in crypto will do that. but for those who still believe, they will have confidence that the market will strengthen again. everyone who survives will wait for it.

I supported what you said on the OP but the ideal business strategy was not to put all your eggs in one basket which was a smart investor decision in other not to make total lost. There's a lot of shitcoin and there's a lot potential altcoin which have the capacity to take over once total Bitcoin is mine.
Have ever thought that things may change once the total 21millions Bitcoin are mine?

For altcoin, I rarely use it for long-term investments. Usually, I only hold it a few days or weeks to trade and take the right timings, at the most two months I hold XLM for being trapped by a fake wall. It's too risky indeed because this is very difficult to predict, another case with bitcoin which already has a very strong niche in the cryptocurrency ecosystem.
For some people, there must be a strong reason why holding altcoin, of course, because opportunities still exist, they dare to take risks. Isn't cryptocurrency full of unpredictable things even considered impossible before?

If you are coming to that realization to sell of the alt coins you must do that long before the market valuation took away 90% of the asset valuation in the past two years in the alt coin market, there is no point in selling when the price is this low as the capital loss is really huge. Majority of the projects died and there is no change in majority of the coins but i am not going to sell anything at this point, if there is any recovery then i will gladly sell off the and never enter again nor am i collecting anything now.

so sell low ?
nice advice.. :o
let me know how it worked for you in a year...

im following many campaign and have many coin of it. sometimes i sell at the first i get it, sometimes i hold it until now, sometimes i hold then sell when the price better than before. many advantages and disadvantages when you sell or hold. i think many people know what it feel.
when i sell first i know it best part to avoid something bad, but sometimes for several week or month, thr price is better. and it vice verza.

I agree with you, I recently sold all my altcoins, because they almost do not grow in price. I hope I made the right decision, but maybe I was wrong and will soon regret what I did.

There's really no place in this world for thousands of coins all trying to do the same thing, users don't want to manage dozens of wallets, ideally they would have one coin that covers everything. So, even if altcoins had merit, most of them would still be doomed, but reality is far worse because of how many coins are just scams. If you're an altcoin bagholder, it's objectively better to cut your loses now, while you still can get at least a portion of your investment back, because in next years exchange will delist more and more shitcoins, and your 80% loss will turn into 100% loss.

A new alt season much bigger that the one in 2017 could happen but I think this will  only be experienced  by those projects that hast demonstrated resilience and has very good fundamentals, unlike in 2017 that even a shitcoin can achieved a ridiculous market cap.

You have point! But we should only sell the altcoins that doesn't have potential in the market. There are only few altcoins that are really valuable and preferable to hold. The altcoins that we should holding are the valuable ones and have more room for growth.

And to even say it later got to $1,432.88 USD
(Jan 13, 2018) makes one want to cry. The truth is that the OP is right in a way about most of the altcoins being shitcoins. But there are still coins/tokens with potential. You never can tell when the potential will be unleashed and you miss the bus. I have some altcoins that have grown cold on me but I am still hopeful of a rise some day. Only time can prove me wrong.

Many still aim to have those potential altcoins and even bitcoin. At these instance maybe those who want to a have significant return in their capitalin the long run. They will realize to and need to understand that they should take this time and accepts high level of volatility. If we make ourselves too frustrated we might decide things we will regret soon, as long as we know that all coins we have is something worth having then it will sure to recover after this.

Its up actually to you. You might regret selling when the right time for selling come. This is happened all the time in crypto space. When everybody selling altcoin, the price suddenly rise a week or a two after that then many complained of why they dont hold. Some happened also, why they hold it now thr value drop instantaneously and nearly no value now. See, its a risk trial for every scenario here unless you know what will happened.

You can't just others what they have to do with their coins. It's theirs after all. Yes bitcoin is dominating and growing compare to altcoins. Bitcoin is leading and for me, I would also prefer holding bitcoin. But if others want to hold altcoins, let them be. They can still keep altcoin but it's better if they have more bitcoin in their wallet. You can't also be sure about the future of altcoin. Let's not close the possibility of an altcoin doing good or might as well dominating crypto...

I disagree with the percentage you've provided, 99 percent of altcoins to be disregarded isn't seem to be true, there are altcoins that are performing on their respective exchanges, it might not be published on coinmarketcap but we all know, the world of cryptocurrency is so big, the purpose of altcoin is not just for funding, or transaction, it has its practical purpose as well, you might just missed allot of altcoins that are worthy.

What about it? That's decades away. At that point the use of Bitcoin will either be sufficient to support miners via fees or it will have disappeared altogether. However this has nothing to do with the mostly worthless pile of crap that is altcoin/token market today. If Bitcoin survives and stays strong you should really invest in Bitcoin. If Bitcoin doesn't survive then I doubt any of the current altcoins would survive either. Most likely they'll be replaced with something better.

I'd like to make a bet on how many coins from the current market cap top 100 will still be around in 10 years but unfortunately it'd be hard to adjudicate and no one would want to put money into escrow for that long.


If the goal is to take risks - you should gamble in a casino, where the risks are known and you can choose the exact risk/reward scenario that suits you. Gambling in the unregulated altcoin market is throwing money away. I'm not talking about experienced traders. I'm talking about regular bag holders who got some coins for example based on ICO promises but have no real way to gauge the trustworthiness of the project and the viability of the idea and any of the other things that matter. All those altcoin tokens are not required to have audits or file quarterly reports so for example stock market due diligence can't be applied here.


Did you even read the thread? I sold a few months ago. Worked out fine. Those who didn't sell today will realize a few months from now that they made a mistake.


I don't think I missed anything. There is no need for that many altcoins. Most of the ICOs/ITOs/STOs/IEOs/etc are just attempts to crowdfund someone's pet project, if not outright scams. Those will mostly fail, just like most dumb crowdfunding ideas do, for example on kickstarter. Most of them don't need to be on the blockchain to begin with. The only successful altcoins will be those that provide vital infrastructure and there aren't that many types of infrastructure that we need.

The situation in the market is indeed frustrating but I don't thini selling at this moment due to panic would be the solution. There are still cryptos worth holding despite of the fact that most of its market value keeps on falling at thid moment. We never know what would happen before this year end so for now, holding I think would be a better thing to do than to sell out of frustrations.

I agree. Selling won't aid the problem in the market and it could even turn into worse because the market value of cryptos would continue falling. With regards to the assumptions before this year end, same thing happened last year as far as I remember. Due to continuous dumps, people came up with an idea that the market will recover at the end of the year but the total opposite happened which resulted to more frustration. Just hold and wait.

Do me a favor and sell your bags and stop complaining here about you holding all the shitcoins on the markets. Its not our fault that you hold coins without real use case , team , roadmap and so on so don't fud all the altcoins as some of them will really skyrocket in price.

Please bookmark your post and come back in 2 years and cry more as you will see how much did you lost. Some of us were here in 2013/2014/2015 and we saw worst time that the current one. I think you're just impatient with your investments and you invests in coins that actually have 0 chances to rise in price but like I said its not our fault for your investments.

TS described the situation that has now developed in the market and presented it as an advice or recommendation on investment management. And when the market situation changes, he will create a new topic and give other recommendations.
P.S. nothing personally, but it’s better to choose your own path and not follow the beaten path.

i don't care if all coins are shit i don't hold any coin for more then hours im working
 with short term investing like buying a coin at 20 sold at 21 buy at 60 and sold at 61 in just hours  ;D

Eh don't make conclusions without knowing what I own or without even reading the thread. I've already sold and I'm not complaining. I'm already up almost 100%, i.e. I could buy back almost double the amounts of coins I sold. I never even had very horrible shitcoins, mostly top 20 marketcap, so anyone trying to diversify into smaller coins is probably going to end up far worse than that. Sure some will rise... many more will fall tho.

Good luck with whatever strategy you choose.

Of course you are right, and if you can sell everything and buy BTC, this is the best solution. But unfortunately, not everyone can do this. One reason is the price of BTC. Of course, it will be good if the price of BTC goes down again, this will be another chance to buy Bitcoin at the best price. But still, the price of 8000 USD for 1 BTC will not allow many to buy a tangible amount of the first cryptocurrency, which means that the motivation is insufficient. I think that in this case it might be better to buy ETH, since it is much cheaper. However, if it is possible to take BTC, then this is unambiguously necessary to use.

Though it might be very difficult to find any project thriving in the market especially with those big hype but will be surprised at few good profit project that never got the accolades at crowdfund. some even in the tune of 8x, how many are they among so many. Whenever I see any advice to sell alt-coins I believed its a strategy to upset the release of some token

It'd be great if anyone knew where the markets were heading. OP apparently hold BTC as otherwise it makes no sense for him to state to sell all of your altcoins. Yet if you followed his advice in 2017, you'd be kicking yourself at the end of the year.

I don't expect to see a repeat of 17/18, but nobody knows where alts or btc will go. Maybe BTC consolidates at the 8K level and alts take a run for the next couple of months. Maybe BTC goes nuts, leaving alts in the dust. Only advice that is relevant is to consider taking profits when available, otherwise nobody can say for certain where markets will lead.

And let's not act like BTC is a superior coin either. It's not like BTC is great and all alts are shitcoins. Some alts have better technicals and serve different purposes than BTC, so from a product standpoint many are actually superior. BTC is king because it was first, it's that simple -- but as a coin it is kind of lousy, actually -- certainly it's not the best crypto to use as a currency.

I hold BTC and some alts, so either way I profit (assuming either eventually go up). But it's foolish to act like you know where the markets will lead.

You can buy BTC in fractions down to about $0.0001, although due to fees you probably want to start around $10. The price of one full bitcoin doesn't really matter. What matters is that if you currently own $10 worth of altcoins, it was likely worth around $20 last year and it will be likely worth $5 next year. Think about that.


Not really. If you cashed out at the peak then maybe you'd have been better off but you would have to time it perfectly. But if you just held BTC from let's say early 2017 until now - you'd have a 10-12x gain without any hassle.

I don't know about you, but during 2017 you could have thrown darts at random alts and turned a profit. As for timing, basically all you had to do was hold until the end of the year. Dec 17/Jan 18 and alt prices were insanely high.

So it's not like 'maybe' you would have been better off. Many alts ended up with 10-100x profits. And it wasn't just the rare find, there were a bunch of them. I'm not saying this will happen again, as I don't expect it to. But I wouldn't dismiss the entire altcoin market like you either.

Sure, if you held the alts until now, your profit wouldn't be so profitable. Many coins (especially pure junk) is worthless now. However, BTC isn't as profitable as it was either. But taking profits is part of the game, everyone knows this.

If someone new to crypto asked to invest, I'd recommend BTC first. Then maybe a little in ETH. However for those at a loss holding alts, I couldn't in good conscience tell them to lock in that loss -- it's certainly possible for decent alts (meaning in the top 100) to see a rise again.

I just find it weird when some folks post 'sell all of your alts, disaster is looming!' like they know for a certainty where the markets will lead.

Your grandkids can also thank you a lot if he or she heard you hodl a coin until it bulled and turned you as a rich man.
I say that some coins ate worthy to keep, just a few though.

I remember when bitcoin was around $800 in 2016/17 and it was speculated to get to $1,200 around March 2017. Etheruem also was not up to $10 then and litecoin was just $3.

Now, hodlers of these coins can attest to what benefit they are getting because of patience.

But are you still gonna hodl those coins that are clearly abandoned by the devs already?
And most of them, even if you want to sell it badly, there's no more market or exchange for it.
Not even worth a dime to sell all those coins or tokens. The withdrawal fee might be even higher than what you will get.
So just accept the fact that those coins or tokens will stay in your respective wallets and will serve as your collection of crap coins.

If your prediction were really close to the truth, then the whales would have long followed your advice. People owning millions and billions in altcoins, they understand the market very well, they create it.
I am sure that all those who follow your advice today will regret it very much tomorrow. Of course, we are not talking about shitcoins, but only about projects with decent capitalization.
Nobody will give such a market, which is able to bring a lot of money, just collapse. Ideally, the market needs a reboot in order to complete a new moneycut cycle.

precisely when I sell altcoin that I have at a cheap price it will only make me lose because the price can go up and it should not be lost but already sold and after that the price rises, it will be the deepest regret, you better wait until the price back up and at least you do not lose even get a profit.

Before I bought altcoins, I always researching about it and studying it. Now I have altcoins that have really potential in the market. There are altcoins that we should not buy because we will only lose our money.

I already sold the altcoins that I hold for me to experience huge loss anymore. I really regret that I bought shitcoins because I only suffer losses, but it is okay because I holding now profitable altcoins.

Hindsight is awesome but how many would have said in December 2017 "sell now, it's the top of the boom"? Even in February 2018 or April 2018, how many would have said "this is going to go down 80%, sell now"?


If you don't recommend buying, you shouldn't recommend holding either, there is no difference.


Again, it's very easy to cherry-pick examples from the past. You have almost no chance to guess which coins will boom in the future.

When a coin goes from like .01 to over $2, it might be time to take profits. Same with btc going from 1K to close to 20K. It doesn't take a genius. I agree it's easier with hindsight, but at the same time coins went so insane during 17, those who bought in cheap probably knew to sell for at least some profit-taking. It didn't require precision timing or chart reading ... more like, hey, my tiny investment is now worth over 100K ... it might be time to cash out.


As for buying or selling, I wouldn't recommend crypto to anyone just out of the blue, as I feel they have to make up their own mind. I just said if someone was new to this and absolutely wanted to invest, I'd lean towards BTC -- as yes, it's probably the safest bet. But the difference is, I don't pretend to know where the markets will go. I wouldn't tell someone holding an alt they are wrong either.

 Can you say you know with absolute certainty that no alts won't recover?

By the way, during 2017 I'm not sure cherry picking specific coins even comes into play really ... every alt basically went insane.

I guess most of us here believe that Bitcoin is profitable in the long run but due to it's value these days some small-medium investors/traders can't afford it and choose investing on the altcoin because they don't need a big capital although they already know it is not 100% guaranteed to get their money back and earn more but still they take the risk.

Well i am using my altcoin for transactions only since the bitcoin fees are very high and not viable for small transactions but i still use bitcoin but for holding only since exchanges have some huge fees when withdrawing bitcoin and also, the bitcoin price is already high normal people can't afford to buy 1 btc and they resorted to buy altcoins like ethereum and bitcoin cash but I agree to sell altcoins immediately but i will only do that if the lightning network should work immediately

Altcoins are no longer considered a potential option in this market because the current risks are huge and it will be difficult to find a good project during this time. Before investing, you should analyze this market most clearly because even if you can buy a cheap coin, you will face many risks in the short term. In addition psychology is also the main reason why you can easily panic in this market.

Anyway, we cannot foresee the future of the crypto market because every investor's decision can greatly affect our profits.

but that is the lesson to be taught  for the future, right?
I remember back in 2017 that even some old alcoins from 2014-2015 got some growth and it was considerable growth I must admit
so, of course, I see the point in the advise sell all altcoins for bitcoin, but for people who bought a lot a lot of alts, selling them now or just holding is almost the same option )
cause prices are really low so it does not really matter  sell it or hold it

its funny, when i try to believe on some token, hold for some month, the price can recover, place my token on exchanger, hoping someone buy it, and now im just monitoring that exchanger about how volume decrease everyday. the best part is directly sell your payment after get from bounty or ico.

in general, for now, we really hope for the coins we hold. Well, to be honest, I even expect a big price. although that is uncertain, but to this day I still hold a few coins which I believe will pump one day.

however, the assets that I have currently are not so many, so I will hold it. hold it in and forget it, it's an idea that's also pretty good for now. I might choose to "hold it to zero, or my target price". I will be grateful when the price of the coins that I hold can reach my target price. but, it doesn't matter when the price does decrease.

What will several pennies bring to my portfolio. Those trash tokens are so oversold at the moment and are worth nothing more than several cents. I would rather wait and hope that someday those tokens would become valuable.

I didn't say that. I have repeatedly said that trying to guess which ones will go up is a gamble and that's pretty much the point of this thread.


Not all alts outperformed BTC. If you put $100 into a random basket of alts vs putting $100 into BTC, it wasn't guaranteed to outperform BTC, and in the long run BTC came out ahead as it always does. Sure, some people can time the market. Most won't be able to. For a boom-and-bust cycle to repeat itself, which is what many in this thread are hoping, someone will have to lose money. It's a gamble not unlike pyramid/ponzi schemes.

That is the hardest thing in cryptocurrencies to decide when to buy and when to sell. I remember the moment when I sold most of my portfolio, the trend changed suddenly and I was buying back at a much higher price. Sty HODL.  :D

One of the means that people use in engaging in some of these projects is still through coinmarketcap, so any project that is not listed there; I don’t even count them as cryptocurrency at all, because they don’t expect people to be searching the whole of internet for them when they are not making themselves visible to the world.

Those projects should just Keep quiet there, if they are really serious, they will make their presence known easily, but I agree with you that not all the projects that we have in the market are silly as the op presented it, at least we can still trust the first 100 projects that is listed on coinmarketcap. They might not really have full volume now because of bear market, but they are never a scam project which I strongly believe in their future growth.

fine! Then sell all your cryptocurrency right now and leave this market, the faster all weak people leave this market, the faster prices will start to rise

I agree with you that most cryptocurrency investments should be in BTC, but not all.  Altcoins can also be considered as investments because their market behavior can and does bring profit.  Risks, of course, are present as in any investment, but you can reduce them by analyzing and monitoring the coins considered for investments.

Of course this is all a gamble. And that includes BTC as well. We can't act like BTC is a sure thing and is always destined to out perform alts, or even eventually increase in value. For all we know BTC's ATH is it, never to be seen again. Or 8Kish is the new forever high.

I think one difference between how we look at this is you are viewing BTC as an investment and all alts are just a gamble. In reality it's all a gamble, it just depends on the risk tolerance of those putting their money into this. I also wouldn't dismiss the idea of trading + taking profits, as alts can outpace btc, and then it's an opportunity to increase btc or fiat.

And sure, not everyone can do this. But if they put money into alts to begin with, they probably knew how the game works. You are talking to folks in a crypto forum -- THE crypto forum -- not some random website with folks used to investing in mutual funds or CDs. There is immense risk but also potential for immense reward.

And besides all of that, you are recommending folks sell alts for btc even if at a huge loss. Many couldn't recover even if btc goes insane ... so risk/reward may point them to simply holding. It's not so simple as saying everyone should sell their alts, they have to weigh potential profit and of course it depends on specific details of the project.

The market has been behaving badly for almost two years, as it is too late for me to sell all my alts and forget about crypto, I also have lots of alts, which I got from bounty, not traded on an exchange. All I can do is expect the best, but I have learned a lot more in crypto which is very important.

Yes, you can sell everything, there is another question - a lot of different coins, they are traded on different exchanges, even with a sale you do not get even a part of the invested funds. now, like many, you can only wait

That's like saying AMZN and some random penny stock are both just a gamble. No. BTC is the gilt-edged equivalent in the crypto market. It has name recognition, adoption, utility beyond anything any alt has managed to achieve so far, and not for the lack of trying. Alts come and go, BTC is still at the top and getting stronger. Dismiss that at your own peril.


There is literally no difference if they're at a huge loss or not. All that matters is where the market goes from now. Trying to recoup losses is a fallacy and it doesn't work in the market (or gambling).

And no, I'm not really concerned about people who understand the risks, actually I'm not really concerned about anyone... but many (most) people need reminding that they're not going to get rich by holding some random alts/tokens, and likely they're going to lose what little value they still have in them.

That's right by saying, sell your tokens now or to regret it tomorrow. This has happened in some few years back, I got tokens from bounties and airdrops so, I got some promising good project to promote after which got the tokens which worth something like 300$ but because I kept my tokens to sell at 500$, I lost my portfolios and the token deprecated to 30$.

It's quite more frustrating this time when you receive a bounty reward. Almost all the bounty token given out to bounty hunters are shitcoin. Before the distribution of token to bounty hunters the ICO price will be good but the moment they finish the distribution to bounty hunters, the ICO price value will keep falling drastically without stop that you even regret participating in the bounty

Lol... don't discourage people HODLing altcoins like that, some of them have been HODLing their coins for a very long time. I think the best thing to do is short the most profitable ones and HODL the potential ones for the future. The way I see it this market is seasonal, it is either bitcoin season or altcoins season. Now is bitcoin season no doubt about that and soon the altcoins season will come too.   

I don't think it was discouraging but to consider it as a warned...We know there is no wrong about holding altcoins, but think of what coins you are holding at? Are we holding those potential coins? Cause if not, it is just a waste of time, an effort of holding it for many years and get nothing in that span.

Though it is hopefull to see altcoins season once more, what actually we need now is to be practical in the sense that we are looking for profits a day, a week or in a month, not in 10 years.

I definitely understand the capacity of bitcoin which was also the reason why all the effort of the governments faded when they against it and I'm also aware of the manipulate/scam level of altcoin market but that doesn't mean all altcoin is the same and doesn't mean there's no hope in investing some portion into the altcoin market.
Bitcoin will survive and so is some utilized altcoin.

Investors just can't crash their alt portfolio for another coin in the event that they are as of now in a misfortune.

A few people groups may as of now have a tremendous misfortune and they perhaps don't have an alternative to think to exit and reinvest in another coin, but to hodl for a fortune or for a base misfortune which they may process.

2019 is the year for alts to drain and a year ago it was for bitcoin - the thing we need is a solid market for both bitcoin and altcoins (the best ones).

Shitcoins need to disappear and this can just conceivable by instructing investors to pick the correct coins. Imo, 2019 has allowed us the chance to make sense of the shitcoins; coins that are endure are the best coins.

That's because you don't realize that the crypto market has changed a lot and the promising of a project or altcoin doesn't make an altcoin to thrive in the market.
The best way to make a good investment in the crypto market is based on community and miner's support level which most smart investors went for coins that have survived in the market for a lot of years. I hold 95% on bitcoin.

Why not expect better than sell at the current price? This is for those who want to leave the market and it does not matter what price he sells but, if we still want to trade, we will always pursue a better price. In addition, we know that the market is more volatile and that we can lose everything at any moment, and so losing does not hurt.

i know, i know that feeling, but believe me, i am not end like that.
although , yeah , i still save some of shitcoins/shittokens for hope be a hundreds times profit.
but well, i guess its take a looong time.
i try to not too focused on market , however, of course i still hodl BTC with 60% of total my funds.
but well,sometimes shitcoins bring new stories.

P.S. if u hodl some of shitcoins, dont even try to hodl it more than 3 month's

I think op is panicking and also he had point, but of course we know the key how to get profits in this kind of investment patience is the key.
We need to accept some of the shitcoins are possible to delete at the list in the crypto curumarket cap but no meaning we panic to sell or investment, we also to analyst and learn to avoid loses.

No matter what, I won't be selling my altcoins and there's no point on doing that now if you hold from January 2018 to now because you both at the peak and you sell at the dip, this is very opposite of the right thing to do and it's a bad style of cutting loses to again invest in BTC for long term.

The bitcoin market runs well when good news or platform developments are carried out, although market values are difficult to understand but it is true that altcoin has a high setback vulnerability. Altcoin on average has a lower community compared to bitcoin, so to maintain the value is rather difficult if there is a dump, although not all altcoin and tokens are shitcoin.

Yes, it's stupid to buy high and sell low but that deal was sealed when you (I don't mean you personally... whoever) bought it. You can't make it into a good deal by waiting longer. Let's think this through. If something declined 80% (which is quite common for shitcoins since January 2018) you need a 400% gain just to break even. Worse yet, during the last mini bull run when Bitcoin went up to about $13k altcoins went in the opposite direction (declined relative to Bitcoin). Holding altcoins you're betting against Bitcoin.

if you bought it, then you should have taken profit when the price hit. a certain price target is to be considered when you bought your tokens.  as for me i'm a bounty hunter, i just take some coins that i earn from campaigns, sometimes i don't sell them. i just keep them. the last bullrun i didn't sell those tokens and up to now they are still in my wallet. one of the stash rise up to $54k, i forgot to dump it. i hope when it happens again i'd be able to.

if you like keeping coins because you are hopeful that it will keep rising one day, its your choice.

that's unfortunately true. and if you observe what different bounty campaigns for fruits carry and what communications
there are in telegram (when distirbution, when airdrop ...) it's no wonder that nobody earns money currently. :D

Except that if someone bought altcoins in the last ~20 months they probably didn't have any profit to take and you see a lot of people in this thread thinking that selling at a loss is a bad thing. It's not a bad thing if you avoid an even bigger loss.


No, it most likely will not. Most altcoins and tokens will not bring profit except for their "devs" and other insiders.

Here is my own advice to everyone, sell your altcoins and tokens today and regret tomorrow, humans have the habit of turning away from things that turn hard and look else where for easy paths, well this is not reality to me, when things get hard in time they will change, this OP advice is very misleading and can make you regret your decision soon, instead of aiding his or her advice its better to play safe by diversification of your portfolio

I hope no one listened to the man who opened this thread. The market is likely to move for 2-3 days. Features altcoins look excellent. Full greenery prevails. If you have stayed in the altcoins you have made a minimum profit of 20%.

Always listen to yourself when investing.

I think you are using too broad a stroke to group all altcoins together. I get it, the altmarket is down from its previous highs. But don't forget BTC is down too. And it's not like choosing an alt is always betting against BTC, sometimes alts rise at a quicker rate than BTC -- LTC did this earlier in the year.

It comes down to specific projects. If folks believe their coin has a good team + decent fundamentals + plan, it's up to them if they think it'll outpace BTC or not. If we look at 2018-19, the argument would be you really, really need to pick your coins correctly.

And sure, sometimes it's best to sell taking a loss, just to avoid a further loss. But it's silly for anyone to listen to some guy in a forum thread and act like he's an expert on your specific holdings.

In cryptocurrency, everything can change within a few days. I am used to trusting my eyes and see that many altcoins have bypassed bitcoin in their development for a long time. Many of them are fast, cheap, have very low or even free transactions and convenient practical application. Therefore, I do not think that altcoins are unpromising. I am confident in many of my altcoins and am going to continue to hold them and hope for their price growth.

why do we have to sell it? I think there's no problem if we keep holding it. The market has fallen to a bottom, and I bought some altcoin on the market in the past few months. I think, hold is still a good decision right now. the market won't get worse than this, so don't worry for everyone who just bought altcoin this year. because we only have to wait until the market goes up

The answer is easy ... the OP sold his altcoins and is now holding BTC. So of course he now says everyone should sell their alts and buy BTC instead.

It's no different than the typical shill posts here for any other coin. If he was holding ETH, we'd be hearing how everyone should cash in their BTC for ETH instead, BTC is doomed due to slow transaction speed, or whatever.

BTC is way way up relative to altcoins, which is what this thread is about. BTC dominance increased significantly since the bubble. Again, we can cherry-pick anything to prove anything but as a whole altcoins suck compared to BTC and will continue to suck.


LOL... BS... If hadn't sold you'd say (and many said in this thread) that I'm just venting my frustration. My thread is not going to move BTC in any significant way for me to benefit from it. All I'm saying is - don't gamble by holding altcoins, you're likely to lose in this game, and most bag holders will lose. The few that make some real or imaginary gains will yell at me that I'm wrong but I don't really care. I said what needed to be said even if you don't like it.

well, maybe you are right if you want to hodl your alts, because sell your alts in the dip is a bad way on investments strategy
but, if you bought in january 2018 thats mean your portofolio already decreasing very hard mate,
maybe you must learn from your experience, wich mean in all your trading or investing you must set a stop loss level
so, when the price going deeper, you can buy back again with your money, with this way you will get more coins,  ;)

Altcoins right now is having a bad image in the market, as we can see the following altcoins are getting dump and dump everyday.
Your point is selling our altcoins and our tokens right now so that we can avoid heavy frustrations that may give by those shitty coins. It is true that compare to bitcoin, altcoins are still not as good for it but as we can see bitcoin and altcoin are the same coins so let's not forget about altcoins and maybe someday the time that altcoins dominates bitcoin will come, and when that happens I hope we are still altcoiners.

LOL... This is exactly what I did around one year ago. Back then, I was holding at least 30 different altcoins (including tokens). I sold around 80% of them, converting them to either BTC or ETH. I sold coins that looked useless for me, including Bitsend, Denarius, Byteball, Bitcore, Cartaxi, Towerbee.etc. I decided to keep a selected bunch, including Ether, Bitcoin Cash, Deep Onion, Stellar Lumens and TMT (Traxia). And now I can confidently say that I made the right decision. Each and every coin that I sold in 2018 is now worth less than the prices we had one year ago. I was wrong in holding on to coins such as XLM and TMT. I should have sold them too.

I should have sold all altcoins and tokens to buy bitcoin, in fact I still hold a few altcoin and tokens are currently smaller in volume.
And fear the altcoins become shit coins or dead coins. Therefore I plan to follow your advice to sell all coins to buy bitcoin. But still
I was hesitant to do it. I hope that in the next few days there will be positive changes in market conditions. So I don't need to sell
all the tokens and altcoins I have.

Lol this is like propaganda.
But i already sell some my altcoin, today i still hold known coin like LTC, Doge to trade it with Bitcoin. Short answer to make profit. Then watch is it Bitcoin is really useful or not in the future. I hope it will useful and price go up to the highest price.

It is, but it's positive propaganda, it's not like some Cold War black-and-white movie or something. I even used a warm and fuzzy reference to grandkids - who could possibly not want grateful grandkids?

If this doesn't work on you then you might be a lost cause. Keep altcoining then.

I think that what you have done is expected from all of us. major players expect weak coin holders to sell their altcoins and then the altcoins season will begin

Fear and hesitation are very common in this situation of the altcoins market and because of these two natures, we made mistakes! If you sold your shitcoin to buy reputed altcoin or bitcoin, then you made a great decision. Selling all altcoins are not the solution, rather selling low volume shitcoin to buy Bitcoin is the perfect plan for now! Because after holding two years, we can't sell all our altcoins by seeing a bear season, and I believe the Altcoin market will bounce back for sure!

I already sold 90% of my altcoins way back 2017 and early 2018 one of the best decisions I did. Upon checking only few coins that really performed well until now like NPXS which I regretted selling at low price during that time. I can’t unload the remaining of my coins because some are unlisted or no value.

Finally, someone i completely agree with.

Since 2017 ICOs have been proving themselves to be complete scams and abandoned projects. 99% of altcoins are going down the drain and i'd say that the 1% is only Ethereum (if and only IF the upgrade to ETH 2.0 proof-of-stake pushes through). Sell your altcoins!

I'd say that this is actually has a point where most of the altcoins are shitcoins, in terms of value and in their volume in the market. But those holders have their own plan and I think they know what they are doing. They are holding simply because they invested their money and time to those altcoins, they can't simply sell it even the price is low, they are thinking that they should at least get back their investment.

Obviously, Bitcoin is useful now and it will have more use cases in the future. There is no shame to hold altcoins like LTC, DOGE, ETH, LINK and so on! We have at least hundred of potential altcoins from thousands of shitcoin. Bitcoin was the best investment before, for now, and for the future, no doubt here! But these altcoins also very profitable, any time we can see a big pump in the altcoins market!  

If you can hold just hold and waiting best time for selling your token, never hear some one ask you to sell with lower price because they want take moment with your panic selling to buy back with lower price, always many people make some investor panic for selling or buying some altcoin, be faster to know how to do with your token sell or hold.

Well if your altcoins/tokens are worth to hold for long period dont sell with lower price. Its true that btc dominate the market and is enough if you want to stick to it but there's some alts that can give you profit as well if the market condition turn better.

So be firm with your decision if you want to hold alts or not.

When selling altcoin / tokens, each person is different. they already have their own analysis. for example, I usually get tokens from bounties with a decrease that often occurs up to 90%, most of them will still sell. because aspects of trust and also market conditions can make people make these decisions

LOL... I am also facing the same issue. I am holding some 10-12 tokens, which are worth $2 or $3 each. Now I can't deposit these tokens in an exchange and then sell them for ETH. Because the ETH withdrawal fee is more than the total value of these coins. Another fact is that many of these tokens are not being traded in more than one or two relatively unknown exchanges. It is quite tedious to register to 4-5 different exchanges, just to trade your tokens. And sometimes they even ask for KYC information.

Back in 2017/18, I followed a well planned strategy to deal with the bounty rewards. I sold 40% of the bounty as soon as I received it, and sold another 40% a two weeks later. Then I held on to the remaining 20% for the long term. Now this remaining 20% is giving me heartburn. In many of the cases the tokens have declined in value so much that it is not even worth the time and effort to deposit them in an exchange. And in some other cases, the tokens are no longer being traded.

I like taking risks and apart from risk taking i have done good research on each coins and tokens i owned, if i dump for bitcoin now i might regret later, surely bitcoin is safer and will surely keep surging but altcoins can do better when the time comes

I bet there will come a time soon when altcoins will be the better choice and the most talk about on the internet and this will make more investors start thinking twice about investing in altcoins, the fact is there are some badass altcoins and if you can do research you will know them, they are worth holding even if market ain't fair lately

Coingecko shows 5800+ altcoins. Obviously there's more. This forum has 1000+ pages of announcement threads, so that's I think 40000+ threads, isn't it? But let's assume there are 5800 altcoins/tokens.

I would have a hard time finding 50 (~1%) of non-garbage coins, let alone 1700 (~30%). So I stand by my assessment that 99%+ of altcoins/tokens are garbage.

99percent of altcoins can be garbage to you but i belief we have good altcoins in top 100 on coinmarketcap if you can do some research on them, why is a coin called shitcoin or garbage coin? lack of usabilities for the rest of the world thats what kills many altcoins, wepay became the favourite insta payment gateway for millions of people in china today because people support system

Sad but true, but don't lose your hopium and pray for miracle maybe they will rise from the dead I would be happy if that happens. There are really some with potential and use but only affected by the current market status, this is the result of the overhype happened in 2017 where a lot of projects are unprepared of the incoming crisis.

I also think like you. I have kept it for a long time and hope that when bitcoin increases, so does the altcoin, but not so, the truth is that bitcoin increased from more than $ 3k to nearly $ 15k without altcoin increasing much, even now bitcoin is more than $ 8k which altcoin value sometimes only at bitcoin than 3k even lower altcoin price.

I still believe in alts but I already sell all those of my token that I know there's no progression but I'm still rooting some of my tokens because it has a purpose and I know it will be fruitful if I wait for two more years and if there's nothing happens I will accept my mistake and no regrets.

I will dare not sell my bitcoin now, because this is still the very best of all the coins that we have in the market and the future if bitcoin is very clear to me which cannot be argued. I believe that within the next few weeks now, we will start seeing a very positive trend for the value of bitcoin, so any one that sells now is at his or her own risk of losing out.

Also, some of the altcoin that we should never even think of selling too are those top altcoins in which you have mentioned some of them, they have already bottomed and we have been patient enough, there is actually no harm in waiting further rather than rushing to sell them now and also missing out in future when they start growing which will eventually lead to lots of regrets for the investor.

A perfect plan for true altcoin supporters. We are holding potential altcoins by believing that a good time will come for altcoins. If it never comes, then we will have nothing to regret. It is true that the altcoins market has more shitcoin than good, but that doesn't mean all altcoins are not fruitful for holding. We can not avoid the adoption of Ethereum, EOS, XRP, BNB and there are so many coins like these. The altcoin market is just passing a long bear run, but in future potential altcoins will be growing again.

Hi
I have recently invested 2K (USD) in alt-coins, even when the market is not doing that well, but my ideas are long term (~7-10y). This amount breaks down as $800 worth of  ADA, $400 XRP, $300 IOTA, $300 ETH and $200 others minor players

My reasoning is:
- I can afford to lose these 2K, not that I would like that or enjoy it, but I know this is a real possibility and it does not bother me because I see it as a bet
- I prefer to be aggressive and take risks: If a 2K investment can yield 300 % and grow to $6000 in 10years, that would be most welcomed, but this would NOT improve my life [or life decisions] in a dramatic fashion; on the other hand, if these 2k would come to grow to 200k-300k in 7-10y, then this would certainly impact my life


Am I wrong?  Maybe, ... but I do not see the same growing possibilities with BTC because simply it is more matured and established

PS: I am an admittedly total noob with cryptos, so that might be why I think this way. but, you know, to each his own

You aren't necessarily wrong, but I might question why you invested in high (or relatively high) marketcap coins if you are going with the lottery ticket mentality there. If going for a high payout, lower cap coins might make more sense. Although beats me as to what to recommend, your guess is as good as mine.

If you wanted to hedge the bet a little by putting money into higher cap coins, you might have been better off just putting a small amount into BTC instead, as I have a feeling it'll either be: Alts + BTC both do great or BTC does great, Alts collapse ... not something XRP, ETH or ADA does great, every other alt collapses, BTC collapses.

It doesn't sound like you chose the coins you did to hedge the bet though, so that's why I'm wondering why you didn't focus on lower cap a bit more if going for the longshot high payout route.

Honestly most of the altcoins do not worth our investment when we look deep into the projects, but this doesn't mean there are no good altcoins to hold for long term. Ethereum for instance is one altcoin I believe greatly in the project vision. Some tokens in my wallet, after holding for long, the price went down to negligible values and some are even extinct. Bottom line is, holding altcoins isn't bad entirely but be careful with what you hold for long term to avoid regrets.

I think the remaining 1% is not a small number. If we all turn to BTC, the rest will die. The volume of BTC exceeds its marketcap for a few days, but then the volume drops below its current value many times. And that would mean the end of the crypto market.

In addition, BTC can not provide 2x or 5x in a short time. However, altcoins (surely not all) can be influenced by even the smallest news and this can cause them to multiply their prices several times.

I did that too, I sold all my altcoin already and buy Eth and little amount of BTC, I also don't want to be frustrated anymore and I don't want to see them as I can see the dev are not doing anything for it, so I already sold everything for the 2 coins I will hodl until the end and I never buy any altcoins yet, but I am eyeing some potential altcoins.

It depends on the asset we are holding, some assets, yeah, will fade away in time and we should sell whenever we get them. However there are some projects that has a bright future and we should get as much as we can while it is still cheap. Those assets will be the ones giving us the most profit. We better buy cheap coins in the meantime.

Hi again
I have been thinking about this and running some analysis, simulations and what not, and I decided to re-balance my original 2K according to this

25%   ADA
22%   XRP
10%   NEO
9%   BCH
8%   TRX
8%   EOS
7%   QTUM
4%   ATOM
3%   XML
3%   MIOTA
1%   XEM

Any input?

Sometimes it just help to look at the project or altcoin and maybe see for yourself the developers commitments to that project and then general public perception truth is sometimes things get frustrating but still is not the end of it You just need to trust what you trust and do what you do

the same thought keep coming to my head. sell off, sell off. honestly, this is the greatest advice on this platform. guys altcoins are hopeless are the mean time. maybe we might have another round of bull market just like the 2018 bull run. for now. make your money and convert it to btc. that is the only way out of this misery.

It is true that 99% of altcoins are garbage so it is better if we will just sell now our altcoins if it doesn't have good future. I regretted that I didn't sold my shitcoins when its price  is still high.

For some people, frustration is our motivation. Very few can manage to stand his ground and not sell off his coins. We should not make them feel that they already failed because they do not failed, yet. I get the part that we know the odds are decreasing and the risks are increasing but we are not absolutely sure of what's to happen tomorrow. Please avoid stepping on people's hope even though you are right in the end. There is nothing wrong in advising but don't discourage them.

The truth have the similar exit nodes in the crypto industry, for making money buy-sell activity doesn't need to be high. The daily volume of the small market cap altcoins doesn't exceed 30% of the daily volume of the crypto trading AFAIK. Converting the profit to the top altcoin can reduce the risks but the risk tolerance depends on the deep factors planned by the investor himself.

Selling all your altcoins and convert it to fiat currency is the ideal thing to do if you are quitting the crypto market and never came back but not for those who still believe that altcoins will make an epic comeback. if the value of your portfolio is near to zero due to the bear market then it is enough reason to hold it because you have nothing to lose.

I often to hold altcoins that are worth it and that's why  I keep holding my altcoins. It is a reality that most of altcoins are worthess and there are many advices about selling our altcoins in this day.

How come to sell my altcoin today price still down, will get lost again if selling my altcoin now? I know frustration with altcoin still down but I don't lost all my altcoin investing, keep holding maybe have miracle with my altcoin next week or next month price on the top, keep praying and hope altcoin back to higher price excatly at the end of years always have miracle with bitcoin and altcoin price.

I think it depends on what you believe. Each person has his own perspective and research results. We just need to respect what they decide to invest in their funds. I prefer not to listen to the words of others and to trust the results of research that I have done. But however your opinion is not wrong, because you also have your own perspective. Maybe this can be taken into consideration for others. Thanks for sharing.

Not all altcoins will end up being pathetic, you have to think about the impact of bitcoin market dominance. Ethereum is still at number 2 according to coinmarketcap, don't rush to make a decision. In my personal opinion, bitcoin has some weaknesses in the concept and in the value of "assets", so I'm sure cryptocurrency still requires altcoin to develop blockchain technology, stable coin is a very good concept for the government to see that digital currency can be used as a payment tool.

I agree that not all altcoins are bad, if we look at the top 50 coinmarketcaps, transaction values look promising and can be a long-term investment. If what is meant by bad altcoin is altcoin which does not have large daily transactions and is not actively traded, I agree that it is better for us to sell it than the value continues to fall

My advice is to stay updated with every altcoins you owned, i am against dumping your altcoins for bitcoin though its not a wrong move but i just know that everything about bitcoin is oldish and laggy, i belief bitcoin can't stand up right without altcoins standing next to it

People invest in various unreliable altcoins because they promise huge opportunities to increase capital. Investing in Ethereum is certainly more reliable, but it does not allow you to increase your money by 10-20 times. That's why people believe the promises of new projects.

I think that only stupid investors act only because they believe in some promises. smart investors check all the data about the project and only then they understand whether new projects have chances to realize their ideas or not. it is not a matter of trust, but of analysis

Therefore, it is best to not invest in those assets that are destined to fade away. IN this case, either they will be scam or mere bubbles. Both don't sound very good. While we have option like bitcoin., thinking about any other coin is not very sensible. I agree, it is a bit expensive for most f us but then again, to make big profits from it does not demand buying a lot of bitcoin at one time. Stay with the
trustworthy ones.

Nope, not selling any of my altcoins.  Why, you ask?  Because I don't own any of the really bad ones, the ones that really are going to be dead within 5 years. 

But if anyone here does own tokens or altcoins with micro marketcaps, I would tend to agree with op's advice.  Unloading them for bitcoin does make a lot of sense to me, especially any tokens that were acquired thru bounties.  Those are going to be worthless and it won't even take 5 years for it to happen. 

The mood on the forum is so glum right now that it seems most members have all but given up hope that the market will recover.  You people have very short memories.  Alts have crashed before, and so has bitcoin and each time they've recovered.  This is going to happen again, believe me.

Every holder does not think like this but you just spoke out my mind, If I do so now I will be in huge loss so I will not sell my altcoins. I know its been a long time holding the coins and portfolio continuously losing value month by month and it gives disappointment to anyone. At present Btc is dominating the market but we can not expect the market without altcoins too.

Okay, thank you for the advice. Indeed, holding bitcoin is much safer than holding altcoins because the BTC always dominating the market.
I think top altcoins price will going up if bitcoin price rising in the future, like the bullish market in 2017. But for now, safer to holding btc than alts.

I am also against the idea of selling altcoins at the moment. Even if altcoins are not as good a digital asset as bitcoin still loss is a loss. As far as the dominance goes, bitcoin has been the leader of digital market since beginning and it is the whole reason why altcoin were created and why people put trust into them. Even after so many years, there are only few altcoins that are trusted by investors.

Not many people want to stay with all those shits being said but new project of having a future increase when what people eventually see in the future is future dump after they must have relied on the project. The best to do now is just to exchange any altcoin to bitcoin, because if you wait now before altcoin season for the project to grow, it will be an impossible thing to achieve, but changing them to bitcoin could still give us the chance of getting more while we buy the altcoin again when the project eventually dumps.

The only projects that we can still continue to hold are those projects that we have on the list of top altcoins, they still have very real working products which we all know that there will always be need for them in future by many people of the world.

I like your style and it's not a bad idea., I realize that most of the tokens that I have from prizes don't have a good selling price. and I started thinking about increasing good results by selling some tokens directly when they still have prices and then exchanging them using bitcoin instead of ethereum. BTC has great potential, I love using BTC and turning it into a valuable fiat.

Why would I sell my altcoins or tokens if I know that they have got a great potential ahead in the future. Maybe they are in the negative return right now but I know that in the future, their price will be massive as well as their returns. It is a matter of patience and diversification so I don't need to worry about my investments in cryptocurrency since I got other income flowing into my portfolio.

I personally do not think such advice is good. I still hold my tokens and this year I have not sold any of them. What is the point of selling them now if their price has now fallen to a minimum and they cost almost nothing. Yes, the dominance of bitcoin has now increased very much, but I do not think that this will happen for a very long time. Over time, it will inevitably fall. It is still profitable to invest your money in bitcoin, however, this will not always be the same. You need to invest not in the now popular name of Bitcoin, but in new technologies that will constantly appear. Everything should work and be in motion. Therefore, it is possible that the grandchildren for Bitcoin will again be able to buy only three pizzas.

Top 50 altcoins is a great investment if you invest now while altcoins are at the bottom. The proposal made by the author of the topic is aimed at those people who bought altcoins at a price three times more expensive than now. He recommends that they sell them in order to fix losses and make a little money on the growth of bitcoin. After all, he offers to sell in favor of bitcoins.

In my own point of view, what is the point if we sell shitcoins or altcoins that has no good value today? because even we sell all of them today they are still useless and not worth it. It will be just better if i just leave them in my wallet even there are less chance for them to have a profit. Honestly, i am not frustrated from holding altcoins that has no good value because in the near future there will be coin that will be worth to buy and sell like bitcoin that will save me from holding these shitcoins.

The dominance of our investment in cryptocurrency is mostly in the hands of bitcoin because that is what clearly provides profit. lest we make the wrong decision. some of our mistakes in making decisions actually make us gain losses and also it is not small. altcoin itself if the election is detrimental

I sold some of mine a few months back without overanalyzing. Thanked myself for doing so coz right now, they all dumped.

This is 💯 true, BTC dominance is really geting wilder day and night and the uproar of btc will come like a thief in the night, but while saving or storing some btc like you said i take delight in trying to multiply my btc by trading some shitcoins. Without them my multipier level is low

I don't think all altcoins or tokens are bad, because some of them have high potential. I still hold some tokens and altcoins and i don't care if price altcoins or tokens dump the most important thing is that the development of their project is good

investing in bitcoin is indeed used for the long term in my opinion rather than holding it on shitcoin, but in some cases people hold it not because they don't want to sell it but the price cannot be expected if they sell it

I don't think this is a wise idea. You can sell off only underperforming altcoins which is understandable but not altcoins with good potentials. Altcoins that can spring up surprises and reward holders hugely. The key word remains to always invest and hold only altcoins with a use case and a future. Ensure you research on projects and see how it products and use cases can be applied in real time before investing and holding them. This way, you are guaranteed better chances of success long term.

The reality yet painful truth that most of us have to get along with yet we still have false hopes in so many shit projects. Damn, i remember i had invested and also join a bounty campaign and earned so much TELE tokens. At DEX price it was about $0.2 and i was holding over 9k+. Now this token is worthless. I guess we have to learn our lessons from now onwards, only invest in BTC!

I believe it is true that the majority of tokens on crypto market are trash, but I am still investing in some of them, because BTC dominance would not last forever. Everything has its life cycle and BTC cycle is going to end as well.

I personally never hold altcoin, until long. I invest in altcoin or get it from the bounty, if I feel the price is enough I immediately sell it. I agree with your thoughts and it is very logical for me. but altcoin like LTC, ETH or something like that is still needed for me and everyone because the transaction costs are cheaper than bitcoin.

I'm not talking about traders who (maybe) know what they're doing and can make money on those ups and downs. I'm talking about bag holders who keep holding declining bags of coins. It just doesn't make sense.


And a few years ago Litecoin was #2. And a few years from now some other coin may be #2. Can you guess which one? You can't. It might not even exist yet. The point is, everyone hopes to be holding the next Ethereum but the fact is - most are not.

Although we disagree, I do get where you are coming from. There are certainly some alts that are more or less doomed ... forever sinking. And yeah, many of their holders probably would be better of selling into fiat or btc.

However, the same way we can't say what coin will be #2 years from now, we can't even say where most alts will be even 1-3 months from now. Sure, perhaps btc dominance increases, every alt flounders, and folks will wish they have sold. Or btc crumbles back to 6K, alts have a run, and we are kicking ourselves for selling our alts at their bottom when if we waited a month we could have gained 2-3x as much.

It works both ways. Most (or I should say many) here aren't just holding a fortune in junk alts hoping 2 years from now it turns into ETH. Many trade the swings, many hold but have no reservations about selling at the right price... and many realize they have no clue where the crypto market will lead.

You are also overlooking risk/reward. If someone puts $100-1000 into some dinky alt hoping it'll turn into ETH years from now, so what? That's a risk they feel worthwhile and isn't so much as to really hurt their finances... yes, most likely they will lose, but if they win, they win big. So who is to tell them they are wrong?

And I'm sure you have noticed BTC isn't exactly doing great lately either. Folks selling into fiat would have been the better move, not into BTC ... but as I stated, nobody really knows where prices will go.

I'll also state you may not even be wrong, perhaps every alt holder should sell into btc -- nobody can say. I just dislike it when folks post here acting like they are some expert and know for a fact where markets will lead. It's up to each person to weigh their own risks and decide for themselves.

Obviously nothing is 100% guaranteed but I think the probability of alts staging a comeback is so miniscule that it's not worth the risk.


Ethereum was not a dinky alt BTW, it was a truly innovative concept, flawed tho. I can't think of any serious innovation of that scale at this time.

Also people seem to be basing a lot of hopes the assumption that the hypothetical next altcoin rally will follow the same pattern as the previous one, for example some sub-$1 coin will moon to $1400 and everyone holding a few thousand of those will become instant millionaires. I think a bigger chance is that the next rally, if there is one, will play out completely differently. Maybe a completely new concept, some quantum coin maybe ;), will blow everything out of the water. Maybe some regulatory pressure will force coins to switch to some specific technologies, and those that do will boom, others will fail.

The point is, the chance of "winning" in this market is worse than the chance of "winning" gambling with OTC penny stocks.

Well this depends on the coin if you have a good coin and to invest your money you have been concerned to research then your coin will give you profit but if you will invest your money in such useless coin then it will surely Dump and give you all lose so better invest in trustworthy coin and keep holding soon market Will again pump so wait.

I tend to agree, if we are holding a shitcoin, then it is probably the best if we could dispose of it before we frustrate ourselves.
But if we are holding a popular altcoin and we have invested in it, we should have resist the current situation of market to avoid frustration. It's better to hold it than to have more losses.

We really don't know if your grandkids will really thank you, we are entitled to our opinion and own analysis but, not the fact, Cryptocurrency is evolving and changing, Ethereum has it's high and so do majority of the coins in the market, but we never know what's going to happen next year or five years from now maybe altcoins glory days will come back, it's always a good strategy to not put all your eggs in one basket, it applies to all investment.

Presently bitcoin keeps losing its value, those who sold altcoin for bitcoin whatsup? as you can see altcoins are following the down fall as well, if you hold good altcoin there will be no difference right now, only those who hold bad coins will be at total loss

Hey, folks gamble with actual lottery tickets, so if they want to gamble with a longshot alt, so be it. I don't think anyone here is under any delusion that the odds aren't against them, nor think their current #1000+ ranked coin is a sure thing to hit the top 5.  I'm also not sure that many are basing their hopes that the next altcoin rally will repeat like the last one did. Perhaps those holding longshot coins think that. I won't say they are absolutely wrong, but personally I think the odds are extremely, extremely unlikely.

But could BTC dominance decrease if BTC falls below 7K and it spurs on a mini-altcoin recovery? Sure, I see no reason why not. It's actually been decreasing since you started this thread.

Would I tell folks to chomp up alts for this possible mini altcoin season as btc falls? Of course not. Same way I wouldn't pretend to be an expert and tell them it's nearly impossible to occur and to run for the hills, sell everything into btc. It's all guesswork -- the one thing we can learn from crypto and its history is that there are no such things as experts and nobody has a clue where the markets will go.

 If we look at your advice, we can already see it was incorrect -- folks shouldn't have sold their alts into btc, they should have sold both alts and btc into fiat. But that's just an example of nobody knowing how this will play out.

yes I agree it's better to forget about shitcoin and focus more on popular altcoin. if you still have shitcoin I think it will stress your mind because of their prices, so you should just forget it. and if you still can sell shitcoin, you should exchange it with a more popular form of coin to invest

If i can sell my altcoins i would but the problem is that most of it has no value because it never get listed on exchanges. Hoping one day there will be a platform that would literally buy shit coins, well i think it will never happen.

well, this person might feel that the potential of bitcoin will be better than altcoin in the future, so by selling altcoin and tokens that he has, it might be able to save him from the frustration that occurs due to the decline in altcoin prices. cryptocurrency cannot be predicted, even when you use bitcoin. if you want to save yourself from the frustration of falling prices, it's better to exchange in fiat form.

Looks like youve been hoping for a good source of income from TELE not gonna blame youre frustrations, I heard also how good TELE during their kick off start and I was also impress with their system but suddenly turn into nothing once that CEO was announced leaving. That time, I know already it will go down very hard. Lucky those who monetized at a very early stage of the price. Able to trade some also and win some profit, good thing I didn't hold of it.

I will sell now if bitcoin and altcoin price still go down, very risk moment for holding altcoin assets where many people try to make altcoin and bitcoin price dump, last days bitcoin have down trend and allowed by altcoin, the most lower trend price is today where bitcoin from $8,2k become $7,5k and many altcoin following with bitcoin trend become very lower price.

thats not good decision while bitcoin price drop we sell our cryptocurrency assets.we will loss our investment alot if sell it now.maybe hold and wait till market recovered will help us to avoid huge loss.our psychology must trained before investing in bitcoin or altcoin, so if we see all price drop we will not feel emotion and give up till selling all our assets .

Then a few months later the coin moons  :P :P :P
Honestly, you shouldn't own shitcoin in the first place and it is your own fault for being in that situation. Why do you hold shitcoin anyway? Why did you buy it? Invest in the ICO or do the bounty? You missing the whole point and that is the fact that you have the shitcoin.

I spent eth on some website scripts, web hosting and some software and a few physical items with eth within the last few months. You need to know where to look.

in a market situation like this it is indeed not good and is not recommended to enter Altcoin. But if you are a scalping trader, you can take advantage of every reflection and price difference that occurs. If you want to save in BTC it can also be profitable, but it takes time and must be patient until the market improves. I myself have a token from the project which is pretty good, but at the moment it only looks like rubbish, but one day it might be different and come back as before with a note that the Developer will continue to develop the project.

I wager there will come a period soon when altcoins will be the better decision and the most discussion about on the web and this will make more financial specialists start mulling over putting resources into altcoins, the truth of the matter is there are some boss altcoins and on the off chance that you can do examine you will know them, they merit holding regardless of whether market ain't reasonable recently

Now someone is talking sense, everything about crypto is seasonal, human has the habit of giving up when things are about to change, i believe things will be different for altcoins when the time is right, i don't think its wise to give up on altcoins because they are in bad shape for now

While your points are correct some of those that are holding ethereum and litecoin could argue that since they are holding some of the most recognized altcoins in the market there is a possibility however small those coins will begin to present profits against bitcoin and that is when they plan to sell, they do not really care about those coins they care only about obtaining more bitcoin in return and if it works then it could be argued that what they did was better than just holding their coins.

For how long you are planning to hold on to your alts? In case some of your alts have lost 90% of their value, are you still going to hold those coins? I am asking this because I have 7 years of experience in cryptocurrency and when some coin losses 90% of its value in a short period the chances are very slim for a recovery. In most cases, the trade volume drops to a bare minimum and gradually the coin will get delisted from the exchanges. If you sell those coins now, then you can save yourselves from complete loss.

Well... it is always a tough decision to book losses. But you need to do that when the requirement arises. Sometimes booking loss can be the most intelligent thing to do while making an investment.

it is a principle carried out by some bounty hunters and indeed it shows the truth for the current situation. once the tokens obtained are sold there will be a decrease. it does not happen in all cases, but most of the new altcoin like that. even after the decline will take a long time to increase or restore the initial price. if an investor is late in selling, he has to wait a long time to get their money back.

Perspectives can not be that simple to conclude just because some people think the conditions for the short term only. I am also aware that many altcoins smell fishy, ​​but I prefer to see its usefulness rather than just looking at the price.

some gambling sites are still strong with the use of eth or doge as the main utility token with daily transactions above the average, of course this will also have an impact on long-term improvement, this is only a small sample.

Warning: its never a loss until you pull your money out, even if your coin once worth hundreds of dollars and they now worth ten dollars the ball is in your court, you should sell only if the project is a bad one or the development has worsen, altcoin season will return do not be in haste

I observe many new projects over the past half-year and i can't see any single project which has recovered after the fall that occurred after listing on the exchange happens.

Although I agree that in some cases taking the loss is the right move, I'm not sure it's a situation where we say some of the alts have lost 90% of their value. However we can say pretty much ALL alts have lost 90% of their value. So in that situation, it's not an issue of a specific coin crashing 90% in a short amount of time and then hoping for a rebound. It's an issue of nearly the entire market and if you feel it will recover at all. Odds are some coins will recover, perhaps not to their ATH, but at least better than their current situation. Of course determining if your coin is one of the recoverable ones is the tricky part.

If we are talking about dinky bounty coins or coins in danger of being delisted, yeah, if they just crashed like 90% on top of whatever losses the market has caused to nearly every coin, it might be time to bail. Then again, if it's nearly worthless sometimes it doesn't even matter if you sell or not, especially for bounty coins.

For those in profit, either from trading or other investments, remember losses can be useful during tax time too.

And I'm not recommending folks sell their alts into btc, like the OP suggested -- in fact I argued against that point. Or to be exact, against listening to random folks here who act like experts and stating they know where markets will go. But if anyone decides to sell, remember the tax thing, it's at least somewhat useful. And losses can carry over to future years, so its one way to recoup at least a little bit if you eventually make a profit down the road.

And BTC is back to 8600 today. As I said I'm not aiming this at traders - some of them might be able to make money from these ups and downs. Not most bag holders tho. And in the long run you know I'm right. BTC is the the equivalent of DJIA. Alts are the penny stocks. Yeah there will ups and downs and there is a slight chance of BTC stumbling here and there. But it's pretty much guaranteed that most alts will make their bag holders miserable.


Actually you already lost your money, you're just lying to yourself. You would be better off selling it just for tax reasons if you can write off investment loss.

If talking about a long term hold -- just stash away the coins and forget about them for a year or two, you'll be right more often than not. At least in my opinion, I'm not an expert either, just guessing like anyone else.

I wonder how many here are not traders though? I'm not talking about day traders, but I'd think many holding alts must realize they need to sell or trade at some point.

But if talking about simply holding longterm, yeah, btc obviously is the safest bet. However I think you are underestimating how many trade here, even bounty people and shitcoin holders know they'll have to let go of their coins eventually.

It is very interesting when you see that the altcoin or better still some of the altcoins you have are moving uptrend. For such, I believe selling them is a good decision, but when you have not observed any growth, hold until it comes. Know when to sell and when to hold. This has always helped.

Traders are probably smart enough to ignore my thread. If someone reads it and thinks its nonsense that's fine, my goal was to make bag holders think. Just don't tell anyone ;)

I would always suggest newcomers and even the old ones to make bitcoin as their first choice. Only this currency can help them in attaining big money. We all have seen bitcoin produced millionaire. I am not against trying new coins but one must do some good research before taking such risks and the amount invested should also be a small one. Bitcoin is the best investment so far and should be the start of journey for any investor.

fear of confusion and loss of confidence that may be felt by many investors I think that something natural will happen because we know that the market condition is very bad and even many coins that have no value or price in the crypto market are holding back to get opportunities at prices that do not disappoint

You are really right and I am of the same opinion that I will have time to sell all my assets at any time and get a very small amount of money for it.  In any case, I have no other choice than to wait for the improvement of the situation in the cryptocurrency market for those projects in which I am an investor.  In this situation, I can somehow lose everything, and if I have the patience and wait for the corresponding price increase, then perhaps my expectations will be rewarded.

You have a point, but don't you think that maintaining at least a minimally diverse portfolio is a better idea? I mean sure, Bitcoin's dominance is huge, but ultimately we don't know how the markets will fair in the future. I trade BTC and ETH P2P on Vertex (https://vertex.market), and I'm pretty comfortable with that at the moment. But ultimately, what works for you, works for you.

True that around 99% (maybe the percentage is a little bit exaggerated) of the alt coins are shit coins. But trust me, most of the people know that but they still invest on it. This is because they have seen the market. They have seen how those shitcoins sometimes get pumped to the "moon" and then dies. Most of them just invests on it to take advantage of that pump and tries to get out as soon as possible. It is more like a gambling for them. Most of them fails to take advantage of it and then starts to cry.

there are also a lot of new projects that have chosen a very serious approach to their business and are moving towards their goal. I see many projects that do a lot of things for the cryptocurrency market

The first line piqued my interest and the second paragraph held my interesta MD I was nodding along to what I was reading until you mentioned Ethereum... You might be right but I am not a fan of ethereum just for it's price and profit potential, I am an ethereum fan because it gave us what even the almighty bitcoin didn't... Smart Contracts... You have to admit that Smart Contracts has contributed positively to the growth of Cryptocurrencies and when bitcoin price is growing, Ethereum grows along with it as well.

Lol. I like your response. Just because Altcoins aren't as profitable as they were in late 2017 doesn't mean they are worth. From what I know, most people have made some good amount of money this year from altcoins. I'm the kind of person who doesn't like leaving money on the table. So I like to have a piece of both worlds. Bitcoin is good but getting hands on some quality alts, that's a PLUS.

Literally you can't confirm that Bitcoin dominance will last long. We are starting to believe which coin has bullrun. By the time January 2018 Cardano was 4-5 coin but today out of 10. After more update Cardano will come back. You should support bear time of coin, yes I'm talking about good volume coin.

Well. Some of this tokens that you are talking about might end up surprising you. I think the best thing we should all do is to keep tabs on all this tokens we are holding because when you check their telegram group and their social media pages, you will have an idea if all hope is lost or there is still light at the end of tunnel. And don't be greedy.

But this assumes that at some point in the future the price of your coins will recover and there is no way to be completely sure about it, if you bought some of the best coins in the market you may have a point, but if you bought some altcoins no one has ever heard about most likely you should try to recover whatever you can out of those coins before they go permanently to zero, remember holding is a great strategy but only if you apply it to coins that are worth it otherwise it can backfire spectacularly.

My take on this matter is it won't end as badly as most persons thought it would. Cryptocurrency will make a come back stronger in price which might take time lessons of proper investment should be learnt from this market cycle.

No one can't tell what will happen in the future of every token we have even btc that we hodl, don't be so panic and frustrate to every news or any thing can cause of panic selling. The better we do is be more observer in the market manage well our assets and don't be so panic. It's up to every person if they need sell all and buy btc as you can see the price fluctuation, think many times before do any step.

It's not wrong to hope for the price to recover, no?
But I have too many shitcoins on my bag already, so, I couldn't careless more than now to be honest.
I just take it a as very long term investment, better than crying over it. At fist I was always having thoughts about these coins, now not anymore.

If you are losing in investing then it is your fault because you bought too many shitcoins. If you are going to be investing for long term holding then you should not buy shitcoins because they are only good for traders who want to buy them low and sell them high for a quick profit and not a long term investment since they don't have any value in the market.

It's true some of this final altcoin feels annoying and makes us lose. Every day a new project is emerging that can be perceived as the one without having any innovations and benefits that make the altcoin dominant too much.
Investors also end up not taking altcoins or ICOs to invest because of their risks. So many people are more dominant in Bitcoin for the long term.
But if it is already happening in such a way all the portfolio is dropped and many losses immediately loose and sell all your assets better haha

Each coin has got its capabilities and not all the numerous altcoins on the market will certainly survive the crypto race. This means that not all altcoins can be held for long term hence it becomes very imperative to sell some for other promising altcoins. All these can be ascertained through the performance of extensive research on the coins in question.

While it is true that no one can tell you exactly what it is going to happen to every coin we can make an educated guess, and while coins like bitcoin and ethereum will eventually surpass their all time high we can safely conclude as well that most coins currently in the market will at some point disappear, this is not something you may want to hear but it is the truth and the sooner you accept it then it will become easier to take the right decisions regarding whatever altcoins you may be holding.

There are several altcoins that I have, not that I hold back, but I can't find the market and can't be sold. Indeed, altcoin is now trashy and useless. But not all altcoins are like that. ETH is still very popular, I have used ETH for the purposes of paying for the domain I bought, and it is very useful. The only frustrating thing is because the market conditions are not possible and the dominance of BTC is still strong. If we are able to go through this, I think we will get the results.

not a bad idea to sell junk tokens while they still have prices and turn them into btc granules. but for me personally it doesn't always have to be that way, if you have potential altcoin and the team is still active in developing projects, it's better to keep holding on for a while or at least until they have a good sale price, but if it doesn't have more price development further, then immediately sell.

This is the common problem we have right now, we have the coin but we have no market to sell them. Most of them are from bounty campaigns and airdrops which turns out to be a scam project, and those shitcoins were stock in our wallets.

ETH is different from those shitcoins, eth is promising and we can really see that it is a good investment and has a future. The demand for eth is still increasing and still dominant to other altcoins.

Probably the worst idea to sell your cheap tokens, at first you should manage better portfolio and protect from such losses. What would you get when you sell your altcoins in 90% loss?

selling altcoin now is like selling for a loss, you can redefine what I mean. considering that the market hasn't fully improved, it's better to renew your portfolio with top altcoin. I think now is the right time to add to the top altcoin collection and be patient and wait until the market really improves.

this is bad idea selling our assef just for recover our frustation.when we sell and hold the money with small amount  i am sure we feel regret and want to rebuy again.it still have possibility to recover its value when market recovered,we just need to be patient till this moment coming.when we decided to invest our money ofcourse we understand the risk that may occur when market crashing.cut loss could working good if we loss less tha 20%.

Thats true, if you sell your altcoins at this moment wherein the price is not acceptable to sell its like wasting the time you waited for the price to increase.

There's a well-established alts that are good to hold and currently has a cheap price, instead of wondering when will bull run going to happen take advantage this bearish trend.

Only weak investors will be tempted to sell due to lack of patience and trust to the coins they are holding. Well its not surprising especially if they bought their coins without proper knowledge and understanding.

but think back to the potential altcoin that you will hold, because it says only hold it Without knowing its potential I think it will be bad. it's better to change investments in other altcoins with more potential

I strongly agree with you that generally selling off all altcoins right now as suggested on this thread isn't the best idea since you will sell at loss most likely. For example, I've been holding XLM and today the price went up considerably due to burn announcement. There is always a time for a good coin, just hold if price is bad. I'm not saying it's good to hold all altcoins, we ought to do research.

You summed it all in this thread, I seldom look in the announcement thread anymore to see what's coins are hot now, and also stop checking to see the bounty campaign if there's a good bounty going on right now, but all are just hype, surprised to see that so many bounties are having 4 to 10 months run, hoping to get funded, investors are more looking on the coins in the market, than a new coin which cannot guaranty a good place in the market.

We cannot predict the future. Maybe BTC is thriving today, but tomorrow it will fall again or tomorrow shitcoin will have a price in the sky. Investing in cryptocurrencies is always dangerous. Someone will lose, some of them will be earned. What do you think ?

Agree with that, its good to think realistic when investing in crypto as its really true this is a high risk investment.
A lo tot of people failed already because this is not for them, let's just make a simple explanation like that.
this is a game for the smart people who are willing to take high risk and high reward possibility, if we can survive here, that means we fully understand the market and we employed the right approach.

almost all of the new coins are junk, you can see lots of shitcoins being born from new projects and only a few of them survive because they already have an exchange even though the sale price is not feasible. it's better to invest with coins that are already established or already in the top 10 in the market.

I will sell only altcoin not potential for holding in long term and always support with new coin for investing, I not faced panic time when you ask me to sell my altcoin assets because I know which one altcoin have to sell, if I invest with top altcoin on coinmarketcap I never worry although many investor ask me to sell and keep holding until price back to expensive.

How long will I continue to hodl my shitcoin that's what keeps running through my mind each time I opened my portfolio. If it turns out that all my tokens are shitcoin finally, am not selling it for peanuts either.
I will keep hodling and acquiring more of altcoin, with hope that someday the bull run will come

10% of your money that you will not get otherwise? Holding your coins is by far the most common strategy in the forum and the market in general but what many seem to miss is that you cannot hold all coins and expect good results, good coins to hold are bitcoin, ethereum or litecoin but if you want to hold a coin that is outside the top 100 then you will suffer losses close to 80% or 90% and while at that point the decision to sell will be a hard one it is the best you can take.

No matter how you put it out, we can't just focus on bitcoins, they are called altcoins for a reason. alternative coins not to replace bitcoin entirely but to solve the little problems that bitcoins can't serve. we all know that currently, the price bitcoin is on the high side and not everyone can afford to get one. altcoins are there to support and serve same purpose. they are not going away at anytime but many will be replaced with new ones.

for me this is not the right time to sell altcoin now, but if you buy cheap coins then the price multiplies from the beginning of your capital so sell immediately because it is your right. I have a top coin and I buy it when the price is cheap, even the percentage of profit that I get may be 3x the initial capital but I prefer to hold it until the market really improves.

I agree with you to an extent though. Truth be told, you made good points which are totally true because it's reality. Most coins are total garbage with nothing to offer than being pumped and dumped. However in the midst of these, there are still altcoins which are worth holding just like BTC; the only thing is we have to be careful of them. My favourite altcoin has always being ETH and XLM and I don't see it changing anytime soon.

It can get frustrating, yet I think I'll hold on to my ETH and wait for prices to go up while the crypto scene continues to change.

You would get 10% which is better than zero, isn't it?


Those two events (BTC thriving or falling) don't have the same probability so it's unfair to present it as some sort of equivalency. And if BTC falls then alts most likely will fall too. Stick with the leader.

I agree that many altcoins can be called as shitcoin and will not provide benefits if we hold them for the long term. But from so many altcoins, I think there are some altcoins that have big transactions and have good projects and in my opinion bitcoin won't continue to dominate the cryptocurrency market

  i think you are right but i always keep my mind awake and optimistic. in my way, if i will invest in some coin (some project), i will search any information about that coin (project) to know thats a good coin or a bad coin. We have many ways to confirm, evaluate a project to decide whether to invest in them or not. So there is no need to be negative

I haven't earn alot since i start investing in crypto and i know the risks involve already but i have make up my mind to be stay with altcoin investment no matter what, i belief good time will come no matter how long it will take

Although crypto market is Bitcoin dominant but growth of  altcoins cannot be denied. There is no surety that Bitcoin will keep on rising and all altcoins will be dumped, its baseless to say that sell all your altcoins to buy BTC. Today crypto market is not doing good but tmm it may grow like lat 2017 who knows. I am still holding my altcoins with the hope that they will grow, if they do not grow it will not worsen by current situation I will remain like this as I am not earning anything out of my portfolio and if they grow I will definitely have some good amount of money. I do not see it logical to sell my altcoins today.

I like the idea of ​​this topic. I have long known that there is only one real cryptocurrency - it's Bitcoin! Investing with long-term benefits is better only in bitcoin. Thousands of new altcoins have tricked their investors.

This thread is what I am really looking for all this time. finally, i found the same opinion as me
i sold almost all my shitcoins months ago. i dont care wether i get big loss or not, but i just make sure i wont get bigger lose in the future
there is no hope for altcoins in this time, that's why i prefer to sell my coins to avoid big lose
what if altseason will happen soon? of course i will start buying too. at least i can get lower buying price than i sold my coins

If you have already filled your cryptocurrency portfolio with altcoins then you do not need to sell them in a panic We are waiting for a lot of changes ahead and most likely these changes will affect the price of many altcoins very well. Ethereum marked the update date of Istanbul on December 4, 2019. Since most tokens use the ERC-20 wallet, it is likely that this will affect many investors. So don't panic we'll be fine. And in addition, Tassat has received approval from the CFTC with cryptocurrencies for institutional investors.

It's already late. Many altcoins are now at the bottom and sell them does not make sense. We should have sold earlier. Now they are unlikely to bring any benefit.

That is a good view point. I just wonder why those tokens or coins prices keep falling even with massive developments of their platform, they still find it impossible to come back to even half of their ICO prices let alone of surpassing it.

The point I'm trying to make is that it's impossible to guess which altcoins are going to be the "some" that are good. And it's quite possible that none of the currently existing coins will go to the moon. There might be some new coin at some point that will repeat ETH rise for example. You simply don't know. Holding altcoin bags is like gambling. If you wouldn't go to a casino and gamble $100 at a roulette table then you shouldn't be holding $100 worth of altcoins. If you can afford to gamble $20 then maybe you can buy $20 worth of your favorite altcoin but honestly that sounds like a very boring way to gamble. I prefer a casino.

If you have sold your weak coins then it is good for you but I hope those did not include the top ones. Any investment other than bitcoin, ethereum, litecoin, BNB and few others do not give any benefit. Moreover, choosing the weak coins is a big mistake. You should go for the potential assets. If you will take smart decisions, then you wont have to sell out your coins ever again. Just be clever.

Actually there is always come a time when I had wished I sold some of my altcoins to BTC, seriously when I held and the project turns out bad. Also, there is always a time I wish I didn't sell some of my altcoins such as ETH. From this two experiences I see it as this, the best is always BTC and even if altcoins are to be held then should be the likes of ETH. Most of the upcoming projects nowadays have nothing to offer, only few are still making waves.

Except you can't know which are weak and which are top. BNB didn't even exist a couple of years ago and it's tied to a success of one exchange, which can change in a moment. Remember Mt Gox, Cryptsy? Even Poloniex isn't doing so great. All of these use to be top exchanges at some point.

Even ETH has its problems and can flop. It's already 80% off ATH. It's not scaling well etc.

There is only one coin that's most likely to stay at the top whether the market goes up or down and that's BTC.

I refuse to believe that its the end for all people who hold on to altcoins for long term, i know its profitable to buy bitcoin for short term because of its quick recovery but altcoin time will return no matter how worsen things way be

I think it's the other way round, BTC wins out in the long term while some alts may or may not make gains in the short term.

There might be reasons for people to hold alts. Maybe they believe in the project and want to support it even at a loss. Maybe they need it to conduct business. But I think it's crazy to hold alts hoping for alt season that may never come and even if it comes it will not be the way most bag holders imagine it.

totally support project for long time will need more sacrifice,we will suffered loss for long time when developer team could not deliver product yet to inventors.for them that still have trust , it will be their Faith and prefer waiting although it could make them stress. Holding altcoin must have deadline time ,when we ha to sell it before price continuesly drop again.

The first and most obvious is best explained with a simple phrase. Opportunity Cost. What is the next best option? That's what this opportunity is costing you. By weighing the opportunity cost, you get a good look at whether your money would make more money elsewhere. If it will, you're getting bigger gains by realizing a loss.
The second I'll cover here is much more complex and touches on tax strategies (USA, not familiar with taxes elsewhere). It's called Tax Gain/Loss Harvesting. You're in crypto, so you've had a rocking year. The year is closing out and your tax liability is looming. You can strategically realize some losses, which offsets your gains. This is complicated and should be discussed with a tax professional that is familiar with cryptocurrency trading, but realizing losses is a strategy that is used in the stock market as well.

You did well, while there are some investors that will criticize your attitude the truth is that even good coins can crash from time to time but at least you know those coins will recover in the future, but this is not the case with bad coins, you already took a bad decision by buying those coins do not make the mistake of holding those coins for too long, it is better to take a loss even if it significant than to wait too long and lose all your capital.

   Where that frustration comes from? Unfulfilled dreams and expectations? Around this forum I see many disappointed people.
Luckily I'm not one of them, I plan to hold my alt-coins and tokens.
   Some of them will go to zero, but some of them will rise high. I don't know which one, so I have both. It's risky and I know it,
we should all know that dealing with crypto-currencies can be very risky.
   Don't invest more then you can lose! I don't care if I lose, but I would eat myself from the inside if I sell now and coin become
successful in the future.

I agree with your opinion - you cannot be so naive and believe in a miracle. The time of miracles has passed. Tokens should be disposed of immediately while their price is acceptable, and you should not wait until their price drops and becomes zero. It is best to buy bitcoins or altcoins from the top 10 for the money received.

I don't think all the new altcoins appear like that, there are some that have the potential for investment short-term or long-term and i have some tokens that I've gotten since 2017. Now, I still hold some because i believe the project won't die

I would appreciate if you could read before posting in this thread. I don't want this to become spam thread.

I had already explained many times why I created this thread and it's not frustration. Many users already said "some coins will go down some coins will go up". Please read more than just the first post and take part in the discussion. Thanks.

I agree to sell my altcoin if it is a coin that is not included in the popular coin. but, I might continue to hold popular altcoins moreover like Ehtereum which has quite a promising development in 2020.

maybe holding bitcoin is a good idea, but the high price makes most people have it in small amounts. but, if holding coins like ethereum, BNB, LTC, I think it's still quite worth it. Well, if you hold those coins from the beginning of 2019, you have also benefited from them. like ethereum, at the beginning of the year 2019 the price was $ 133, and now the price is almost $ 200, if you have that in large quantities,  you get a profit that is not inferior to bitcoin, and this applies to altcoin which also has a price development since the beginning of the year 2019.

change my mind  ::)

Both ETH and LTC are lagging BTC in 2019.

https://coinlib.io/compare/2019-01-01/BTC/ETH/LTC

https://i.imgur.com/LZohLAh.png (https://i.imgur.com/LZohLAh.png)

And how many times are we going to hear the same story over and over again? How many times do we need to hear the same excuses? Investors are tired, it is not really a surprise the bitcoin dominance is above 65% and at some point during this year it was above 70%, altcoins have failed at their promise of trying to improve the code of bitcoin, everything that altcoins do bitcoin can do better and only a few coins have a few characteristics that are different from bitcoin, like privacy coins, but the rest do not bring anything to the market and deserve to disappear.

Even that is just a matter of time. Schnorr signatures and Taproot soft fork that could happen some time next year would bring privacy features to Bitcoin. This works both ways. Altcoins can improve on Bitcoin and add new features, and that's great. But if the idea is worthwhile then Bitcoin can also take it and implement.

Even if I agree with the OP statement in a big percentage he is missing an important thing. The liquidity on altcoins is very low and we can't know if institutional funds will pour into them eventually. Personally I think they will do and when that happens we will probably see those spectacular gains again. IMO it is worth the risk reward equation ;)

Low liquidity is a bad thing, don't make sound like a good thing. It means than any big bag holder which are usual with premined shitcoins can dump and crash the coin at any time. Institutional investors will not put their money into that kind of risk.

This is a good idea but it is only natural that we are frustrated by these events especially since the market has not fully recovered from the previous dump. For now it's better to look at every single coin we have and choose it here that really has the potential to rise in price. So that our frustration will be reduced as well.

your saying that you know everything or you know the truth about those tokens and altcoins  . what is your background ? are you one of those devs ? or are you a time traveller to say those things like you mean it ?  what i know is that the world of cryptos are totally unpredictable  . no one knows or no people can possibly state or predict thier total outcome  . all cryptos including the shittiest ones can possibly recover or possibly be listed and have its own value anytime of the day  . so i will still continue to hodl all my tokens and altcoins whether you like it or not .

Best thing if selling altcoin today without waiting for tomorrow or next year because price can be down, many people trust with holding for long term they can increase of altcoin assets but is wrong with price always down for long term beside bitcoin price have down.

It is understandable that people are getting disappointed in crypto currencies, because science 2017 there is no market improvement, but the hope is still alive and the mass adoption is increasing so no need for worries.

Yes, I'm a time traveler from 2015. Bitcoin was the top coin then and one altcoin boom later it's still the top coin but many top 10 or top 100 altcoins are gone. You're saying that a miracle can happen and I'm saying it's silly to bet on a miracle.

I always thought that the mission of altcoins was to try all kind of crazy ideas to see if they work, if altcoins were doing this I will have no problem with them because even if they fail at least we'll know that is a path bitcoin should not take because it leads nowhere, but that is not what we see, what we see is a bunch of altcoins that are just copying the code of bitcoin, making a few cosmetic changes to it and then saying that they improved the code and all of those altcoins should not be in this market.

it is not a solution, sell now with the aim of cut loss? or can't wait for the market to go up? Do you want to leave frustration or add frustration because of regret someday?

precisely my advice is we have to start buying now. because the market needs a high and continuous trading volume. when we are silent or even stopped, the crypto value will never go up at all. but if trading and transaction volumes continue, the crypto value can go up because of that. and that's why bitcoin could rise to the moon some time ago. now we are in altcoin because prices can still be reached, and altcoin can do what bitcoin did at that time.

believe me  ;)

Come is it your frustration?
Actually there are couple of altcoin that was invented to frustrate investors but unfortunately am a stubborn investors who isn't afraid to lose once am in am always ready for the ride.

Bitcoin is everyone's choice when the price goes down, altcoin is a good investment choice because there are many projects that have good products and transaction speeds that are better than Bitcoin, current market conditions are indeed on the decline, ethereum and LTC are good altcoins, prices right now it is going down but when you see LTC and ethereum prices going up like 2017, there sometimes you will feel lost because you have sold it   :o

 Well you could sell and save yourself the depression that may arise when price dips but if you exit without a plan of coming back,  in the nearest future,  you'd wish you stuck it out with the markets and held. It's not a loss until you take it.  It's almost certain that prices will still rally.

as far i know, there are 2 sentiment in alt. those are bearish and bullish. bullish in altcoin is called altseason
this is bearish market to altcoin. so most of alt including top 10 altcoin would be dump. looks like no hope to rise
it makes many people scared including you and considering to sell all your alt, it is not bad decision. as long as you sell higher than you buy :P

I could always buy the coins back at a much lower price than I sold them for and it would be true for almost anyone who sold over the last couple of years.


No, you should sell it because you can sell it higher now than later. It doesn't matter what the price was when you bought it. Cut your losses. If you don't have a time machine to go back you can't change the price you bought. But you are still in control of when to sell it.

I tend to agree with the poster. Many coins are garbage and useless. This is why I swing trade with only the top coins. BTC/ETH/USDT. The lesser shitcoins we have, the better for cryptocurrency in general

We cannot determine everything that will happen in the future. For altcoin, there are already many technologies and utilities built into these coins. I don't think it will die. The potential of altcoins is really great, though not comparable to BTC. If everyone thinks like you, altcoin ended long ago!

It maybe depends on the altcoins that you are holding, why you still hold back when you have seen that there is no future on it. My strategies to my altcoins once that there is lack of communication already in the community, no progress in the development, no action with the team, then I am selling it in Bitcoin and just saving Bitcoin before it will have zero volume.

maybe right, because there are so many altcoins, more precisely shitcoin, which makes us trapped in it. I am also quite frustrated that some of my tokens with a value of $1000-2000, now only become $50-100, and a few days ago I sold some of these altcoins when there was an increase because I thought there was no hope for them to develop the project. maybe if investing in altcoin top 10 coinmarketcap is the best choice.

sorry I can not follow your advice, I only hold 2 alts (in top 5) why should sell it all. I don't feel frustrated, I'm sure of the consequences, it's better to be patient again. except for erc20 token, if there really is a market, of course I will sell them all.

I always have plan to do trading. including using stop loss in my trading
almost all my altcoins sold, just small of them i hold. mostly, i just hold bitcoin in this time
and i will back again to buy altcoin in the altseason.

Yes, you need to sell it if you save it for a headache  :D
BTW, I will not sell my assets. that also applies to those who sell it now (at a low price). You can't go back in time to cancel the sale today.
if you have principles, you will not give the decisions that you have taken in the past. however, I believe prices will recover.

Well as bounty hunter i dont really mind about the price becuase i dont have any coins :) . But i agree with your statement to sale altcoins and start investing on btc. Btc is always be a good option. But we dont know what will happen in the future, we should prepare for anything.

If there is one thing I have learnt about Cryptocurrencies, it's the fact that it's volatile and cannot be predicted even with the best tools.. check for example a few days ago, experts were claiming that we would be seeing a huge bullish movement last week Thursday but just before that Thursday, the news about the China Cryptocurrency exchanges ban came through and the market went into a free fall.

In the midst of this decline in price if almost all coins including Bitcoin, some Altcoin were still mooning like crazy, I know some Altcoins that conducted ICOs in 2018 and up till nowz they are still trading above their ICO price, that is commendable, what I am trying to say is that we shouldn't bunch all of them into the same category just because they are Altcoins.

in fact these salts and downs of the market are very stressful and the dominance of bitcoin grows more and more, the only thing that stops me from selling everything and buying only bitcoins is a thing of principle i don't want to sell any altcoins at a loss, under the purchase price

There are some principles worth paying for, such as justice or freedom, but altcoins...? For example I like apples but I don't call that a principle, I just like apples and I spend money to buy them. I understand some people can like altcoins. That's weird but ok.

The fact is that a lot of developers run with the money plus we had a lot of clear scam/ponzie schemes involved.

Prices for altcoins reached incredible heights. Coins that were completely useless managed to reach billion dollar cap valuations and of course started dumping their infinite amount of premined coins.
This created a bad feeling for investors and everyone else involved. Most have already written-off their investments and don't actually hope that shitcoins as PAC, Linda, XP, Sumo or other laughable ones have any hope of ressurecting.

There are quite a few that have a hope though. These are the ones that have an actual developing team and the people involved are skilled and enjoy their involvement, without only looking for short term gains.
Right now there are established coins that are working and don't give up and people that want to succeed and not only get rich quick after a short pump.

That might be the only somewhat legit reason to hold such coins but I would consider that more like a form of moral support for developers than a gainful investment. Technological innovation is not a guarantee of profit. It needs a lot of other things to be successful including marketing and lots of good old-fashioned luck.

I truly believe the reason why altcoins fail most times is because there are too many altcoins promising to solve the same problems or have similar use cases, as can be seen when you mention that features BTC lack are "implemented by multiple altcoins, fragmenting their market share". In as much as I agree with some points you made, I don't really think selling off all altcoin holdings will be the best solution looking at the dwindling market situation and also knowing that a few altcoins have been doing really great with project development.

The dominance of bitcoin is becoming bigger by the day but I still feel altcoins also have it place, we cannot totally rule out the place of altcoins

Maybe your advice should we reconsider because there is still plenty of time to go in the future waiting for altcoin which already has the potential to rise, it is true that some altcoins can be said to be rubbish because the price is not going up, but there are some altcoins that we have to save for the future come because I will definitely survive like BTC now, but this all depends on our respective beliefs.

I also think like you and I have also changed all the tokens that I have on bitcoin, for some reason I don't really trust tokens anymore because most of them just throw away prices

Not everyone is interested in crypto and blockchain for making a profit, many investors are here for tehcolgoy+blockahin facilities. The developing projects have a good chance to change the look of the crypto ecosystem but only strong teams have a persistent vision. As an advantage of adoption, the more people will be able to change their lives, the unbanked people have the chance to use financial projects, for example.

Not a good idea because i am for a long term investment and holding my altcoins for a very long time and i think they will surely pumps up when the time comes and you know the saying "Patience is a Virtue".

And i know its a good idea to sell some altcoins today because of the price of bitcoin will rise up soon but the assets value will decrease.

+1 merit for you buddy!

For me, you are absolutely correct! Long ago, I already sold some of my valuable altcoins and move them either to BTC or ETH (and even converting some to fiat). I kept them in my cold wallet for now, as I don’t see altcoins gonna for a very long time.

As for the rest? They are shitcoins with shit value now, and I can’t even afford to transfer them (because their value is way below gas fee lol).

The reality is this for both existing and new projects.

- Partnerships with XXX companies won’t help or guarantee pumping the token price.
- Product development updates or “just finished our MVP” won’t help or guarantee pumping the token price.
- Token burn announcements won’t help or guarantee pumping the token price.
- Newly appointed Chief “Bla Bla Bla” Officer or advisor won’t help or guarantee pumping the token price.
- Development team showing up at “Bla Bla Bla” conferences or summits (or even taking a selfie with Faketoshi) won’t help or guarantee pumping the token price.

The ICO/IEO/STO market is dying and saturated now. Only less than 0.01% of the projects are actually successful now in maintaining the price and the excitement of the community.

My little piece of advice. Create your own “win-win” shit that will make everybody happy and satisfied for a very long time.

It is just funny that people expect the time like the days bitcoin newly started to come again. I doubt if that can be in the current generation. Selling of one's alts at the time the price makes sense is the real deal now. Hoping for a miraculous skyrocketing of a not-well-known altcoin is practically impossible.

Well... it is up to the individual to decide whether they want to sell their altcoins, or hold on to them. In my case, I had sold most of my alts in 2018. Back then, I was a bit reluctant as the prices were really low. However the decision to sell the coins was the right one, as their prices went down even further during 2018-19. But this is my experience and the outcome may be different for others.

Well, you spoke well, actually there are some altcoins that are not worth holding, that is why before buying altcoins, one should do proper research ,if you know you hold good altcoin, then there isn't any frustration to save, but one should have his major investment in BTC

I should have said "success" instead of "profit". So you're right, success doesn't have to be just profit. I would still say that in order to achieve success you need more than the technology. There have been many technologically-superior products that never caught on or lost out to inferior ones. But I can understand if someone is holding a coin as a form of support for the team or the technology or the idea. I'm more concerned about those who are waiting for "altcoin season" and expecting profit.

I do not agree with you. I think that 99 percent of altcoins are rubbish, but among the heap of rubbish you can really find something that will really cost a lot, you just need to filter out most of the rubbish, and leave only what really has the prospect, and of course, my friends should not forget about the risks. It is necessary to divide your portfolio into a large number of altcoins and something from it will certainly grow.

It's too late to sell my altcoins because now they cost almost nothing...
So I will wait for altseason or hold them just for fun...

Almost all new investors become shocked when they see the small market cap is skyrocketed by the market. It is likely possible but the altcoin's price doesn't stay at the mentioned levels for a long time, the investors rush to dump the price before it becomes too late. I don't deny the possibilities of a surge in top altcoins but it is expected by everyone and everyone holds the same altcoin in their investment portfolio.

That's actually the wrong strategy. You can lose more money by diversifying your investments this way. Read this thread for more details about altcoin diversification and why it's a bad idea: https://bitcointalk.org/index.php?topic=5199926

not entirely bad if determined for the desired period of time, diversification is very effective for balancing assets, not all altcoins have the same trend so that they can cover each other's losses and profits. the most important thing is how wise the strategy is done. profit quantity (alt) often defeats the profit quality logic (btc)

Are you sure about that? Because during the past few weeks, the Bitcoin dominance has actually fallen quite significantly. Two months back, the Bitcoin dominance was measured at 71% in coinmarketcap, and this figure has fallen to 66% now. Some of the altcoins (especially Ethereum and Ripple) have made strong comebacks and the current trends also point to an increasing share for the altcoins.

Well, for me personally, for now, the transfer of their crypto assets only to BTC is not very relevant. I have chosen my strategy and try to stick to it. Of course, if I have the opportunity in the next 1 to 2 months to buy BTC, then I will do it, but now I'm going the other way. Actually, here is my strategy. I now mainly hold tokens of promising projects, which, in my opinion, already in 2020 can make a profit. I believe that very soon 1 - 2 years there will be another good growth of the crypto market, but then there will be a not very good situation. And on this basis, you need to make money. And I think that it’s not particularly important what you will hold: BTC, or top altcoin, or tokens of promising projects. Everything should make a profit.

I don't get some people, they rush into some nameless projects just cause they saw huge promises of high profit after the end of ico or ieo..when that doesn't happen they come here and cry about it. Not all alts are shitcoins, people should learn to make a difference. And profit doesn't come over night, be patient with your investment couple years at least.
Now we have so many people that invested in bitcoin on top, or some other alt, many of them are down big time from their ath prices, even more people that invested in some scam project that lost value in days after listing, and its a mess, don't make that to discourage you, there are still quality services, good alts, awesome possibilities, but its just harder to find that.

i have a lot of altcoins and i am hoping for the best. Most of these altcoins are currently worthless so selling it now is as easy as giving it away for free, which i intend not to. am going to hodl as long as it takes because i truly believe in what new projects have to offer and how we can make it from altcoins and even though btc dominance is crazy right now, there are many people who make it with altcoins compared to making it with btc

In this matter, opinions are likely to be divided.  Yes, BTC undoubtedly dominates the cryptocurrency market, but altcoins can make a profit with the right actions of a trader who knows his business and fully controls all possible risks.  A good idea is to sell all altcoin assets and invest the funds received in BTC.  But in the market now it is better to invest in crypto rather than sell.  How many people, so many opinions, everyone will decide.

Your advice is a welcome advice that many here should take serious but even with the state of the market, it will still be good to hold some altcoins. Yes, there is no assurance on them but there's tendency of a good altcoin giving you better profit than Bitcoin.

I have quite a few different altcoins in my wallets and I hope that over time they will bring me a certain profit. Just for Bitcoin, I have no hope for a very long term. Another ten years will pass and the situation on the cryptocurrency market will change significantly. Bitcoin will be one of many cryptocurrencies. I don’t want to put all my eggs in one basket. You just need to go for promising projects.

I also do not hold money only in bitcoin, but I store most of my money in it because it is as reliable as possible, unlike other altcoins. I allocated only 30 percent to invest in altcoins

Altcoins are heavily correlated and it doesn't make sense to diversify between them. If you insist on holding alcoins, pick a couple of the most liquid ones and stick with them. Everything else is a very risky gamble and we shouldn't even be using investment terms like "diversification" in that context.

I wouldn't be so quick to write off Ethereum as it has a lot of future potential in the smart contracts marketplace not only for end users, but for enterprise use so make sure you add a percentage of it to your portfolio as it's likely to not be superseded that easily, but you aren't wrong about Bitcoin and that's valuable advice setting up some trust funds for kids or grand kids with a bit of bitcoin in it

We should take risk in everything, because not all of the coins that we have are getting to be pump sooner as they have been listed. We cannot say that , if you have that coin we could conclude that they will be a high possibility that it will be succesful. Like "oh man, I have this coins, I have a positive perspective , this coin will go to the moon" we should learn to take risk and accept the fact that not all good token are good and will be succesful. Selling your altcoins will be good or be bad, there is still a probability that it would be pump sooner but not now.

If I sell now I get nearly nothing? What for? I prefer hodling it until another ath. Mine is already nearly zero does not matter if it goes to zero. Can use it for trading with friends for fun

It was necessary to sell at the end of 2017 or beginning of 2018: selling now would be a frustration: you would be sure of being in great loss. Forget about it and see again in a couple of years...

Diversification is not the way to make profits. People think that buying a lot of coins will bring a lot of money. But the only thing that matters is a potential asset like bitcoin. Only after holding it, holding or trading can bring profits. Accumulating weaklings for years will bring pain. The right approach of becoming rich in digital coin market can never be diversification. At most, two different coins are enough.

It is interesting that we are coming full circle, when the concept of icos was first created most of those that bought the coins that the developers put up for sale did it in order to support the project and not because they had any hope that they will obtain profits, they just wanted the market to develop and they were willing to invest money to help that cause, and interestingly they were the ones that made the most money out of that investment, so I find interesting that it seems that we could go back to those days.

your saying too confident and looks like you are expert on selling coins eh ? you can say those things because the year 2017 and 2018 had already past but  before those year happen , will it ever cross your mind to sell on these dates  ?

i guess no because no single person can predict if cryptos will continue to fly or not  . also , selling would still depend on how much value you bought your coin  . if you bought your coins lower than todays value then you can still be able to sell them now and make some profit

i know there is a possibility that price of bitcoin will rise next year but selling altcoin and token today is not also a good idea
some of them is not even worth to trade if you hold it in nonexchange wallet transfer will cost you a lot
so for me, I just hold it and keep it because I will not gain anything even I sell it today.

its up to you though. there are just coins that deserves to be dumped for someone with the hopes that it will make them rich. there were coins during the 2017 bullrun that has about 1k satoshi in price but you can see it today that its now just 2 satoshis. the regret must be killing those people who hold it still. i would sell mine as long as there is a market. there isn't just market for all the coins, the new ones weren't even listed on dex.

That would be an example of 'might as well hold' to me. 1K to 2 sats... if we are talking about cashing out for a mighty $25 or somewhere around there, who cares? Unless someone can apply the loss for tax purposes (which is a viable option, but it depends on tax bracket and other gains/losses), might as well just go down with the ship. A shitcoin can always do a brief run, which in this case might be like 2 sats to 10-100 sats, but might as well wait and hope for something, than cash out for basically nothing.

if there is a slight hope for the coin to live while the volume is less than a hundred and the team disappear already, i don't think you will try to wait for that to rise. someone should just whisper "abandon ship" for those holders. unless you just want to leave it on your wallet after all the worth is just a $100, you wouldn't die wasting that amount anyway.

i have several of that coins too that were just in my ether wallet, i'm too lazy to open the wallet. but CoinVEST for example is that you will need to swap it first before you can trade it.

Well, yeah, if we are talking about a situation where there literally is no volume, no dev, and kind of no exchanges, you may be right, get what you can now. I was thinking more of the coins with at least a pulse... could be a shaky pulse, but a pulse nonetheless. If truly dead, just go for the tax loss.

I would suggest selling those altcoins that are being pumped, cause in this way you will get something valuable at least. It would be very sad if you sell something and this coin will be pumped in a month or two. But the reversal situation also may happen, heh :)

Right. You can't win with that strategy if you're not the one doing the P&D. It's a gamble and chances of guessing correctly which altcoins to hold are far worse than rolling a dice.

How many of you guys have listened to OP advice? i hope you don't, the little recovery that happened yesterday makes all altcoins turned greenish on coinmarketcap, the fact is crypto will remain unpredictable so better hold on to your precious altcoins and be brave

Better to sell while you can rather then selling it when it dropping.. I would sell all my altcoins and buying some top 10 coins on coinmarketcap. I would not dare to hodl any new tokens cause it always failed and dying faster then the top 10 coins on coinmarketcap.

Hello! I agree with the author. I stopped believing in the summer. And all that could be completely sold. Most in dollars and small in BTC. And I do not regret anything, watching us go down. For now, just watching.

Yes it is true, surely many of us all hope that the coins we have can make a profit later, whether that's when. But we also do not know whether this will happen or not because it is only our hope due to current market conditions that can be said from day to day is declining. And as you said that BTC dominates more and it is better to sell altcoin that we have to invest into BTC rather than into altcoin.

You do not improve your ability to trade properly. You are just waiting for the market to increase the value of your altcoin. You have never tried to increase the value of your assets by trading under any circumstances. even in a small pump, we can benefit if we realize the potential of the movement of assets we have.

I will sell altcoins and tokens today. I don't want to lose any more. Now I will choose a better investment direction.

Let me see if I get this right, you want people to keep holding their altcoins just because there was a very small recovery during the previous days and you want them to ignore the huge crash that most altcoins in general have been suffering for years? There are a few altcoins that have a future and I find it reasonable for people to take the risk to hold those coins, but for the rest of thousands of altcoins out there there is no future, so you should not buy them and if you already did then sell them and forget about it.

Hodling altcoins is good and someone can be very lucky to be rich that way just as we saw etheruem and litecoin in 2017 making a strong bull and hitting their ATH. But shitcoins won't do that especially as many have been abandoned if you check through coinexchange.

Do you remeber 2017?
Yes, it can happen again and altseason can be real

But the secret here is diversify, make your plan and adjust with time, there's no better than this

That's right. I also sell my tokens, which are now worth at least something. Because few altcoins will be able to survive in the future. Almost all of them have no prospects.

If that ever happens again, you will have lost most of your money before then. You're forgetting how brutal the 2015-2016 bear season was. This one is going to be worse because there are so many more worthless shitcoins and so many more people who put money into them for the wrong reasons.

It is true that Ethereum and Litecoin went up by more than 100x in 2017 (compared to 20x for Bitcoin). But these coins have also lost a large part of their market cap during the next two years (2018-19). Ethereum used to have a market capitalization of $135 billion two years back. Now that has come down to $16 billion (it was less than $9 billion a few months back). Litecoin has fared even worse. Still, I have to say that these coins have managed to survive somehow. Many of the smaller coins and tokens have vanished without a trace. 

This is an absolutely great idea to convert all shitcoins into Bitcoin and Ethereum. But people take risks by investing in altcoins because sometimes it gives you a huge profit that even bitcoin can't. So, without taking the risk, your profit will be very limited, and investing in bitcoin also has tension or frustration sometimes.

I dont think selling is a nice idea now. Especially when the market is almost in bottom. Good time will soon come for exiting all portfolio positions. Then reap the benefits.

I did some calculations recently. In the last 5-6 years there was only a relatively short period of time when it was worth buying (or not selling) altcoins versus bitcoin and that was mainly because ETH was below $1 in 2015. The chance that we are in a similar position now is very small and that you are holding the next Ethereum - even smaller.

Am in agreement with your opinion, altcoin has brought great frustration to me personally. Its true that majority of altcoin are potentially shit coin, most times the developers are interested in their pockets and end up dumping the coin on the community after a while. I would consider exchanging my altcoin for Bitcoin, because its only bitcoin that can guarantee a long-term useful life.

I am afraid to follow this. You would be surprised to know that I tired to do. But whenever I go with, that parts sink me. If I go with Btc, it’s dumped, when I sell to buy alts, Btc pumped. So, still holding. I don’t know what is waiting for me in next year. So, how can I be stress free man?

Do you remember 2018? Because it seems you do not, after the big bubble that we were experiencing the price of all coins crashed and then we had a bear market that lasted for more than a year, an altcoin season could happen but there are many negative factors against it, the trust investors had in altcoins is gone and with the huge number of scammers in the market it does not seem like it is going to return any time soon and if that does not happen then you could forget about an altcoin season happening soon.

I still believe that Ethereum prices will rise again. although not anytime soon. so I was never afraid so I had to sell altcoin that I have now. so my advice, please study and observe every growth in altcoin that you have so you don't have to be afraid of losing your money. because not all altcoins have the same fate.

Just stick to the major coin for a better investment but when you are wanna speculating the crypto market and you can go with credits for the better future. Just hold it because the whales is manipulating the market. i have seen so many stories like you dude.

It may rise again. It may not. It's a gamble.

Ethereum has a solid team but they also have huge technical issues like scalability. If something better comes along and solves those issues then Ethereum may not recover even if they do everything right. There are too many unpredictable variables to call it anything else than a bet or a gamble.

Since the start of this thread ETH declined by ~25% against USD and ~16% against BTC.

Why are talking about the frustration? People know why they invested into altcoins, or not?
Yes, we found the reason: they really do not understand altcoins, they skipped the phase of learning and now they do not know why they still hold altcoins.
You invested because you bet on the future use. Nothing else.  8)

It's a losing bet.

If one had sold altcoins when I started this thread they would be richer now. And if they want to buy them back they could do it at a lower cost and still take advantage of the future use.

You where right about the sales of Altcoins but I hardly listen to anyone about cryptocurrency because I know we all are novice to the happenings. Your post caught my attention as I have been running at lose these days with my altcoins portfolios. Next time, I will be more careful and pay attention.

Don't be pessimistic, friend. trading must have its own principles, when you have to sell and when you have to buy. You enter the trade of course you must have skills in trading if it's not it's the same as throwing money away. Market situation is difficult to predict but with trading techniques you will know when to get out and when to enter.

I think this call came a little bit late this should've been said somewhere second quarter of the year not now. I will hold against all odds if it turns to nothing at the end I won't blame me self.

When compared to new tokens or tokens that we get from doing bounty hunting, I would also prefer to invest into the top 10 coins in the coinmarketcap compared to new tokens or tokens that we get from bounty hunting because these tokens sometimes only become rubbish and pile up inside a wallet and this ends up just being useless.

that means if you have deal with all of the risks that you have been investing on it. I have been getting some of my investments are turning into the zero value right now and i guess you don't wanna to see that if that thing ever happened with you. I regret my choice in the past

As much as I could have loved to go with this advice, it doesn't apply to all cases. It would have been better to lose all than getting back just $1000 from and investment that got up to $1,000,000 from you. Losing all will be preferable.

I started this thread in October. Most altcoins lost some value since then. So it wasn't too late to sell then and it's probably still not too late.


In what way is $0 better than $1000?

If your tokens have lose value much its better to keep holding, it doesn't make sense to sell coin that once worth 100$ for 1$ because you want to safe yourself the frustration

how will sell altcoin and tokens if the current market price is very bad, I prefer to keep waiting because I still believe that the wheels will spin and luck will come again

You are giving information that we should followed during the bear market. Now this could be foolish things you have ever done. Altcoins price is the dead end. You can do it, if you have altcoins to sell and again invest in Binance IEO. You will tell to hold altcoins when altcoins price will run as ThoreCoin. Now Bitcoin dominance so your suggestion for Bitcoin as once for Binance coin.

I have several altcoins from the bounty and some of them are still in my wallet because there is no exchange yet and some of the prices are very cheap which are listed on small exchanges, so I can't do anything because if they are sold now the price is not much, I can only wait, if I'm lucky who knows there is a coin that enter into a large exchange and the price is good. Maybe this is my dream now. But besides that I hold bitcoin and not much.

I still collect some low cap coins but I do my due diligence now and I also day trade as well, so I can make profits and grow Bitcoin and some stable coins backed by gold. I have one project I have good faith in because of the diminishing supply and will also buy some coins that give dividends, like passive income. I am looking into Nexo token to earn two dividends annually. So there are a few very good projects but I have to agree, a lot of cryptos are 'shitcoinia', and best to avoid, or just day trade for profits, if they have enough liquidity to trade them. I am collecting a couple of bags though of two/three good projects that I do believe have humongous long term upside potential, but this time accumulating BTC on the dips as well, so I can hedge, and some stable coins that earn me interest as well. The bank gives me squat so I hardly have FIAT at all, I only have fiat for buying basic stuff, as I get paid in Bitcoin from my day job, so I just convert what I need to live on lol.

Yeah, it id good to keep holding as selling now will be bad for your investment as price is not good to sell your coin and selling early means selling for panic which is the worst thing for crypto investors. Now it is time to keep holding as only weak and unaware people will feel frustration about the falling price because wise people know taking advantage and buy more at a low price.

It has indeed been frustrating, holding altcoin and seeing the value diminishing daily. I wished, I sold out much earlier when the value was a bit higher. I would have to wait for the value to have a turn around, I believe there's great possibility in the cryptocurrency market and the value of altcoin would appreciate in no distant time.

Today it is difficult to get rid of the disappointment that I did not sell altcoins at a very good price in 2017-2018 and therefore I want to hope to return at least half of the cost of altcoins. But yes, fooling yourself with hopes for a repeat of the growth of altcoins is not the best approach to investing.

Oh! Wow! This is good advice! I've already been frustrated when bitcoin fell and caused a domino effect for some of my altcoins and they couldn't get up. And they were as you say "shitcoins" but I am optimistic I am following 4 altcoins because I want to support them because they offer solutions for real problems. Bitcoin and Ethereum for me are inseparable they will always be in my portfolio. And as you well say we must think about our grandchildren, I have also done it. That is my vision. Thanks for this post.

I like your idea. It is real that you should not stick to the day-to-day saying that hold your altcoins as they will reach the moon soon. Rather be practical. As the market is indicating, BTC was, is and will be the hero coin. So why holding all the shitcoins? Instead, sell your altcoins at whatever price you get and invest the money into BTC. It will recover your loss.

Altcoins are going to be great again, no way Bitcoin is going to do everything alone. The time will come, when BTC domination will decrease and this will open doors to all altcoins to finally increase their price.

I always do this when i get tokens from airdrops and bounty. This is worth of me because many tokens price always dump before list in exchange.
But this is only for new tokens before list in exchange. Difference with old token, i only sell when the price is pump or when i need money.

I agree that 99% altcoin is shitcoin. With nearly 5,000 altcoins, I think only a few altcoins can last for the long term. Altcoin, whose developer team looks inactive, should be sold and replaced with Bitcoin or the top 10 coinmarketcaps.

I'd like to ask our friends carrying Yobit signatures to refrain from posting here unless they're actually ready to participate in the discussion and not just pad their post count. All generic topics about "altcoin season" and "not worth selling cheap" and "sell bad ones and keep good ones" etc etc have already been discussed in 20+ pages. Let's not turn this into a spam thread that moderators would have to lock.

If you buy exchange tokens like BNB and ecxx you can profit during bear and bull markets.

LOL... have you checked the BNB charts lately? It's value has gone down from $38 per coin (June 2019) to $14 as of now. During the last two months, BNB prices have fallen by more than 30%. If you check my previous posts on BNB, you can find that I have always stated that BNB is an over-priced coin. My statement has been confirmed by the recent price movements. And IMO, the worst is not yet over for BNB. It will continue to decline for some more time.

I admit that most of the altcoins are not worthy of any investment or something but I do think there are still good altcoins just like Ethereum, BNB, LTC and more. I think altcoins are not doing good is just because we are still in bear trend even Bitcoin is affected just like what you have mentioned. I think you should still consider to place an investment in some altcoins like in Top-ranked coins since they have the capabilities of giving a high return just like what Bitcoin can give.

Yep i've done the same thing i think the biggest winner of the crpyto market will still be bitcoin but Litecoin and ETH could still be viable investments especially when those altcoins has really dump and corrected this past BTC recession. If a major rally occurs, this coins could join BTC when it rally.
I still think having an competition like altcoins is a healthy thing for bitcoin in order to grow and progress.

For how long? It's really so tiresome watching your altcoin portfolio decrease in time, it's best to take out your profits when you can because they might keep losing more value right in front of you

Damn these thread was right since it was written nearly three months ago, if im listen and consider it, i might save some cents of my money! and i was able to buy more if i buy those altcoins in todays price. But its too late already i'm done selling despite losing some of its value. I hoping that in 2020 it will be more favorable market condition to all of us so that we can get back our losses.

it won't be too pleasant for holders who really like to diversify assets and actively trade every day, all activities also have different calculation strategies. Many also think long-term where holders will continue to believe that the altseason will again make calculations more profitable than just saving bitcoin, they accumulate stably until the expected time arrives.

A lot of the investment experts tell us not to get emotionally attached to the assets in which we invest in. Most of the times, the investors are reluctant to sell a particular asset at a loss. They hope that sooner or later, it will recover at least some of the value and they will be able to sell at break even prices. But in 90% of the cases, such a recovery never occurs and the investor ends up losing all of his investment.

There's this my friend that has 1million token of a particular altcoin. He keeps hoping and dreaming that the price of the token he has to reach at least about 0.001 so that he can sell it. He has waited for about a year plus for the price to increase but it's all avail.
He prefer not selling his tokens for smaller amount likewise me.

I have passive portfolio where I hold the profitable coins in the cryptocurrency market, I hold it because of the data that I got from my analysis. I do not hold illiquid altcoins because it is so risky. I only hold highly liquid cryptocurrencies such as bitcoin and ethereum because these kinds of coins have high market demand and value.

Actually, if you have a goal to sell it, it doesn't hurt to do a hold, but you need to think about the obstacles when doing a hold. if you have enough mental strength then hold it for a long time will be able to do, plus we have to see the potential of altcoin invested

I can't help but keep laughing about what OP is talking about, as if bitcoin can do it all alone, do you even know how many merchants accept ETH, LTC, XRP and other altcoins as means of payment? Where we are heading now many coins will surely be accepted as means of payment, altcoin time will come

I still have my altcoin and tokens for almost a year after recieving them but their price stays the same. Its up to project if its for long term or just a pump and dump project.  I believe that the tokens i hodl is for long term investment.

That is good for you because that is a rare case when it comes to altcoins. Most of the altcoins that are being rewarded to the bounty hunters are just for quick bucks. If the technical data and fundamental data of the altcoin that you received are solid then that is indeed a good for long term investment. Keep it on a safe storage like hardware wallet.

Since the beginning of crypto bear market in 2018 I haven't seen a bounty token worth keeping for long term, I missed the good bounties of that year and that of 2019 too, the few tokens I own are not doing so well, my advice is to keep less tokens and focus more on coins instead

Although I also hold some altcoins, I also agree with you, but now the price is worthless, no difference from zero, I do n’t know if it can be sold, but I can only put it wherever he is, Looking back on the Bitcoin bull market, I don't know if it will surprise me a bit. Looking at the forum comments, I think many people are similar to me.

indeed the fact is like that, I have a few coins that I hold long enough, but now the price is getting destroyed and making me frustrated. I prefer fast trade than holding Altcoin for too long.
but maybe I will try to buy if the price of the coin is very low and hope this year bull or alt szn happens.

To make it an easy investment and to lessen your frustration on the market, you could stick to two options that can be used hand in hand, choose an altcoin and a stable coin or bitcoin paired with a stable coin. Because mainly the reason we get frustrated from the market is because we hold allot of altcoins where we struggle to monitor especially if most of it falls into a state of decline. But if we just hold two cryptocurrrency both hand in hand, then we could have more time to observe it and our frustration will be lessen.

For the new coins themselves, I agree with you that many new coins will eventually become worthless and only become junk in the wallet. And I personally will also sell tokens that I get when the tokens have a small value compared to deciding to keep holding it and in the end it actually has no value in exchange.

Anyone who abide by this crypto rule that says 'invest only what you can afford to lose' will always come out with flying colors, selling all your coins and tokens because market is in bad shape is a wrong idea, the best idea is never to rely on a single coin when investing

I would rather disagree with you on that. However, I agree that it is always better to diversify your investments. The problem here is that this logic cannot be applied to cryptocurrencies. The reason is that Bitcoin is the only original cryptocurrency. All the other altcoins can be considered as copycats, which were created in order to profit out from the hype created by Bitcoin. Therefore if you invest in currencies other than Bitcoin, the chances are low that you will be getting positive returns.

in fact, sometimes newly launched tokens might have an opportunity to increase their value in the future if the project has a strong and trusted team that can develop related projects in the future. but lately there are many new tokens that have no value at all in the market and only become worthless coins. therefore most people don't want to last too long on new types of coins, when they are still valuable most of them sell coins immediately because they don't want to risk too long

The first line piqued my interest and the second paragraph held my interesta MD I was nodding along to what I was reading until you mentioned Ethereum... You might be right but I am not a fan of ethereum just for it's price and profit potential, I am an ethereum fan because it gave us what even the almighty bitcoin didn't... Smart Contracts... You have to admit that Smart Contracts has contributed positively to the growth of Cryptocurrencies and when bitcoin price is growing, Ethereum grows along with it as well.

It is very difficult for new tokens/coins to compete with other altcoins and very rarely altcoins have managed to occupy the top 100 coinmarketcaps in the long run. Usually only a temporary hype and after that interested people began to decrease.

I don't think 99% of altcoins are garbage, so have you analyze Ethereum, Binance Tron and the top coins in the market, these coins have future, they are not pumped and dump now you see how you don't coin, there is real development on these coins I've mentioned, it's unfair to think that only Bitcoin will survive when so many coins are in the fighting chance. 

diversification is useful for backing up situations, and reducing waiting times.

if we only focus on two coins, especially in large quantities. then the trading pattern will move passively. Your strategy is correct, but it doesn't appeal to some holders who actively monitor charts every hour and also see a variety of fundamental news from coins being held.

As long as such coin can keep the proper development progress in the long run and they can even reach top 100 CMC. you must see so many new coins are getting placed at top 100 CMC based on the valuation even they have no product just like matic or even BTT.

We are here looking for altcoin of course in the end to exchange with BTC and save it and sell when prices are high or we can use BTC to buy products and therefore it never hurts to release our altcoin assets to BTC but it never hurts to wait for the moment right to release altcoin, maybe many people who want to return to altcoin in 2017, but all of that is just an illusion in my opinion because if altcoin has reached ATH it will take a very long time to achieve again

I felt what you feel Bro., but this is not the last and that we need to forget about to get profit. We have many things that we can get profit on crypto also on alt coins its only have one thing. Trust and strong Belief in minds and heart. I will not stop to hunt a trusted alts/projects that related on crypto I will still analyze them until I got an information that a project has a good potential. Many of investors didn't analyze first they attacked the project without many researching.

I don't think is ok for people who buy at ATH to sell their altcoins now because maybe if they sell they will have a high loss, they can still and wait for a new bull run and we will see what will happen this year after halving.

There are thousand coins/tokens in the crypto, and some coins maybe good. If there are 10 coins which are good, it is still 99% altcoins.

I even dont know ecaxtly how much good coins are, but I would say that most of coin/token is just a shit. That's all
All we have to do, avoid them. Just buy Bitcoin for this moment. I agree with what OP said

It would be very easy to dismiss today all altcoins as unprofitable. However, there are many things at play, and when some of those factors have materialized, some of those we initially thought of as unprofitable may moon. Perhaps the better advice is to trade better and hodl those that belong to worthwhile projects. No one can be entirely sure about the future.

I understand your frustration somehow,looks like you have lost a lot on altcoins in the past bear market. Your idea was really good, I understand that you are Bitcoin maximalist by now and planning to hold it for a long term and ignores the altcoins. Owning bitcoin alone, have lesser risk in the future I think but you must understand as well that there altcoins use cases that bitcoin can. So I will still hold altcoins that have strong team and good use case in the future like BNB, ETH and XTZ.

Many are simply in frustration because they invested when altcoin was at a higher price in 2017 to early 2018, I get it but its not the end yet, your profits can be returned in folds, if you sell is when you truly lose here, hold your altcoins for now

I do not think selling all the altcoins and holding just Bitcoin is the most profitable strategy. Top altcoins are worth your attention as they are growing faster than BTC on the uptrend, so it is okay to hold altcoins for at least 10-20% of your funds.

Everyone is entitled to his opinion though, however I agree with about 90% of what you said. They are the truth and pure fact if only most will take time to understand it. Yes, bitcoin is the best crypto to hold owing to its decentralized nature, at least most can agree that there is other coin so decentralized like Bitcoin. Also, it can't be argued that Bitcoin can do almost all things most altcoins are already doing but I believe only bitcoin can't drive this space, there needs to be alternative thus altcoins. The only issue here is the way these altcoins are springing up with no tangible results to show for. Only few are actually doing well or working towards a purpose. I can't encourage selling all holdings to Bitcoin but holding Bitcoin in large part makes sense to me while the other remaining can be for altcoins one believes in.