Long Term Investors Doomed

[se150401317]

Bitcoin value is going high every minute, and its gonna keep going up too. So all the people who invested their bitcoin in alts for long term are doomed now.
I don't think they will be able to recover their investments.
Are you one of those people too? What are your thoughts?

[Agozyen]

It really depends on the coin.  I've got a lot of alts and I have seen the market fluctuate pretty severely.  At some point Bitcoin will dip and alts will come back up.  Right now pretty much all alts are down, and as soon as the price of BTC stabilizes or dips people will buy alts again.  It's just a matter of time.  Having said that, I have considered reducing the number of alts in my portfolio.  I've been doing this so long that when I see the market like this it doesn't panic me any more, it just stings a little bit.  

[sirsplashalot]

It would be nice to see more fiat to altcoin exchanges, furthermore not to refer to every other cryptocurrency aside from Bitcoin as an ‘altcoin.’ Though this is ‘Bitcointalk’ after all. I think we can agree many cryptocurrencies have far superior technology to Bitcoin, Bitcoin just seems to be the universal cryptocurrency due to its birth as the first. It would be narrow minded to believe that will never change. I hope many cryptocurrencies become universally adapted for a means of exchange for goods and services, especially where the economy has failed due to poor governance. Take Venezuela for example.

[fatenmo]

Its a fact that Bitcoin will most likely carry on going to the moon. It's value increasing by the minute but it doesn't mean that Altcoins are doomed.
Another fact is that Bitcoin will start a dump and Alts will pump, its a chain reaction, but it doesn't always happen. It's definitely a matter of time and matter of staying patient and not simply pulling out of Alts all together. Bitcoin will eventually dip at some point.
I am using a few Alts too and I prefer to stay with these few Alts so, If i lose, i wont lose too much.

[BlockGemini]

It all depends on what coin they invested in. I agree 100% that if Bitcoin stabilizes or consolidates, people will start pumping back into alts again. With the hard fork coming, I think we are going to see alts take off again as a means of diversification for whales to spread their risk.

[chrisfatos]

Alts are not doomed for sure, although it might seem that way. Bitcoin will eventually take a dip and Alts will pump again. Patience is a virtue and it will pay off in the end.

[HashFace]

It's a big mistake to look an investment's performance over the last few months, and extend it linearly forever.  Markets change.  After B2X we might see a pullback in Bitcoin and money start to flow back into Alts.  There are too many good ideas and projected floated with Alt Coins for some of them to not regain their success.

[shavebha]

Every dog has it day and i am sure alts do as well!

[LydiaBob]

It really depends on the coin. If it has a lot of supporters, you are not doomed. Sure bitcoin is the first and the best right now

[rodalutor]

Bitcoin value is going high every minute, and its gonna keep going up too. So all the people who invested their bitcoin in alts for long term are doomed now.
I don't think they will be able to recover their investments.
Are you one of those people too? What are your thoughts?

I hold some alts and I am fairly optimistic that they will recover, cryptos like everything goes through cycles and right now seems to be bitcoins turn, next month or some other time in the future it will surely be altcoins turn.

[defc0de]

You may be new to crypto to be able to say that. Market distribution phase is natural after thousand percent gain a few months ago for alts. BTC has a direct correlation with the drop though that's why it has lowered more than the support line. But it will all change once the buying frenzy for BTC levels out and stability comes in. People will surely change to quality alts and a new bull run will be on its way.

New tech presented by alts that have been developed recently can also be a good pick post-fork. Coins like DeepOnion - lower rank and marketcap has so much room to grow after all this fork drama of bitcoin. Hopefully you can pickup some from cryptopia and joni the airdrop as the coin's fetures and community support is just too staggering to miss out.

[mahessapap]

I agree with you but not all altcoin like that. I nvesting in an altcoin and it is true that the price doomed , but altcoins whose different concepts may be stable (though down but not too much). But it seems to be a risk for now let's wait

[pratik009]

May be you don't know the history of the bitcoin.bitcoin has very large history and since nine years the btc price increasing day by day.before 9 years the people can buy only two pizza.but nowdays the btc crossed upto ₹500000/- INR.so it is very profitable for me and other peeopls.i also suggests you to invest in btc.beacause till the 2022 btc will be crossed upto ₹1000000/-INR.

[Oilacris]

Bitcoin value is going high every minute, and its gonna keep going up too. So all the people who invested their bitcoin in alts for long term are doomed now.
I don't think they will be able to recover their investments.
Are you one of those people too? What are your thoughts?

Doomed? I dont think so because alts will recover soon once those people who are accumulating bitcoin as of now would able to get their free btc2x and they would tend to convert to altcoin again.Its not really surprising for alts to go red specially on this fork events which we did actually witness on last 2 previous forks.The same situation is happening as of now.

[t3hpwnographer]

This feels a lot like the last hard fork... BTC pumps up as everyone tries to hold as much as possible to maximize their fork payout, then after the snapshot they'll start buying altcoins again. No need for all this doom and gloom

[krypt0n1]

Bitcoin won't stay parabolic and you can always count on people's greed for alt coins to go up/recover. Once bitcoin gains aren't "good enough" people will want to leverage alt coins once again to have larger gains.

[hua_hui]

Bitcoin value is going high every minute, and its gonna keep going up too. So all the people who invested their bitcoin in alts for long term are doomed now.
I don't think they will be able to recover their investments.
Are you one of those people too? What are your thoughts?

Temporary losing in the amount of bitcoin does not meant that you are doom. For example, my friend who has invest in 24k of neo manage to hold all the way from ico to 12$. He has lost ton of eth and bitcoin values for years but it turn out to be one of the best bet he has. Dont forget he still have 1.2k gas.

[Nefarious]

It pays to be patient. I'm holding some heavy alt bags but they'll come good eventually.

[hua_hui]

It pays to be patient. I'm holding some heavy alt bags but they'll come good eventually.

That is a great mindset. However, it is always good to have a balance portfolio. My style is to have 50% in bitcoin while 20% in eth and 20% in alt coin with great fundamental and last 10% maybe as reserve in eth or in ico. 

[tokeweed]

Bitcoin value is going high every minute, and its gonna keep going up too. So all the people who invested their bitcoin in alts for long term are doomed now.
I don't think they will be able to recover their investments.
Are you one of those people too? What are your thoughts?

I don't think 'not be able to recover their investments' is true.  I mean let's be logical here, market trends always come and go.  And right now, it's all about Bitcoin.  But it won't stay that way forever.  Sooner or later some altcoins will start rising again.

I'm actually holding some XMR and LTC in cold storage.