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A lot of us are loosing money now, but we cannot consider it immediately as loosing money unless we sell all our coins at loss. Also these days, some are taking this chance to fill their bags and take profits in the near future.
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One of the rules in crypto indeed, "dont panic". If someone really wants to take some profits, big profits, we should master what we called patience. Because if we master it we will soon be rewarded. Who among us dont want to earn here? I know everyone wants to earn a lot.
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....is their complete dependancy of Bitcoin. It really takes all the fun out of crypto trading.
No matter what kind of awesome progress some altcoins make....it doesn't change the trend upwards if Bitcoin doesn't allow it.
Pump and dump groups I also blame. Because of them I'm very positive that Bitcoin won't make it past 30 000 this year. 50 000 to 80 000 would be realistic without pump and dump groups dominating and controlling the prices.
Anyways, these things have to change somehow. The first altcoin developers who claim their absolute freedom from Bitcoin will be the real winners of this crypto game.
I agree with you. So when bitcoin dies, it will surely be the end of cryptocurrency. But i think that would still takes time. So when inveating in altcoins always diversify and choose alts that has great potential. |
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Yes indeed. In this kind of business you should have a strong willed emotion, especially in making decision. One wrong move and it might affect your emotions. Everyone here must practice how to forget immediately when somethings go wrong or didnt go the way we expected like price dumping. Never be affected, because if you got affected you might loose big.
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No can say its end. It is possible this time that the market is making a great comeback. More people are just waiting the right time to enter the market.It is also maybe because of fud that the market cant be stable right now.. but lets just be positive., i know it will take years before its end or should there be possibilities that this will be legal and no one will againsts crypto. Anything is possible.
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I believe that bitcoins price will go down, but not to the extent that it will go down that low,. These market tends to go up and down.. it just needs time to be fully ripen. Let the people accept that it is now part of our lives. When that happens not only bitcoin will have a stable price, i think, but most of altcoins.
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No one can tell if it's the end of altcoins. If it's the end, i think bitcoin should be gone first before every altcoin will end. Its just a matter of taking risk now as a lot of fud is everywhere. But once bitcoin starts to recover, fomo will be everywhere.
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Honestly one of my sources of good bounty is just here in bitcointalk. But to know it immediately after its publication is sometimes not possible. Since everyday there are lots of topics that are being posted here, you should be really active to know the new ones.
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It will be hard for crypto to recover. Since as of today crypto has been so popular. Many people, government, banks are against it. They created what they call fear uncertainty and doubt (fud) to destroy the name of crypto. But one thing is for sure, crypto will recover by acceptance,that it was part of our lives now.
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My biggest mistake so far is regretting my decisions in buying and selling coins.. Because of that i created within myself a fear to enter and to exit on a certain crypto,. With that i lessen the probability of earning more profit on altcoins i hold. Making a decesion is really hard. But once you are decided, here in crypto, please avoid to look back.
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Buying a coin needs knowledge about the coin.. Most of it now are just hype. So if you have a lot of guts, and risk taker, hype coins maybe is your thing.. But for long term investment you shoudn't just buy a coin, or you might loose a lot.
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Investing in crypto is really risky. Most ICOs now can be a scam. So im saying that not all Icos are scam. With proper and enough researching about the project of a certain ICO, you will know what to invest in, and what altcoins are worth to hold for longterm.
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Lots of free airdrops now can possibly be a scam.. On my previous airdrops, those free coins became scam when they listed on an exchange, got the attention of investors, prices go up, right there and then they will plan on exit scam, where they dump most of the coins/tokens at higher prices. And those holding the coins will be left behind..
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Ofcourse no,. I enter this crypto world to invest, accumulate more altcoins. Why would i invest? To gain profit right? So why would i sell when i know i wont have profit on that. Ill definitely hold it, and wait for it to have higher value again.
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Crypto is a high risk investment. When you think of crypto you'll always remember this phrase, " invest only what you can afford to lose". So meaning in crypto there are high chances that your money will be gone. When you invest, better consider it gone.
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Would rather invest on both. In the long run if you hold eth youll change it to btc. So you are like accumulating also in btc. If you know how to trade, why not trade eth to btc when eth has high value, and vice versa. In that way you can maximise your profit.
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For now just be patient and if you have invested in some altcoins, wait for another bull run and soon all the altcoin prices will go up again. Theres nothing you can do about the market these days. If you are an experience trader, maybe you could buy and sell and accumulate coins to increase your holdings,. And when the prices go up, take profits.
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No one can exactly be right about telling when the market will recover. Even some experts make mistakes on their calculations. We just always remember to stay safe and invest on coins that we truly believe. But actually These days is the best time to invest.
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Its a very nive strategy and explanation too, by the way. But in crypto, even if you follow a certain strategy, sometimes it doesnt make 100% success. Crypto these days is very unpredictable so the strategy itself should be unpredictable too. Well that is just my opinion..
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Sometimes low prices are scary. You will never know when will it stop from going down. But still when the price is low it is the best time to buy. So better to accumalate alts of your favorite when its on low, there's no other direction that it will go but to go back up. So be ready.
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