Altcoins are all down, so how do traders make their earnings?

[jyotianand01]

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

[1714691171]

1714691171

[1714691171]

1714691171

[ladydark]

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

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

[jojowar]

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

[frowsiter]

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

[dmamigo]

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

[iram3130]

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

[Hui8]

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

[Nicol3]

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

[leirou]

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

[South Park]

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

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

[pueblos]

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

[ubitcoin]

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

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

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

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

[South Park]

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

[herurist]

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

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

[BTcoint]

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

[freeyourmind]

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

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

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

[shirazteam110]

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

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

[marcuslong]

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

[Donaldturp]

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

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

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

[BCTBF]

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

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