Long Term Investors Doomed

[chaosfourever]

We are so young in crypto anything can happen. This is just another Bitcoin craze and alts will rise again. Plus I try to stick with alts I know will rise any ways. Give it patience and keep holding. You only lose if you sell.

[Poink]

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 think this is a very ignorant summation of the cryptocurrency as a whole.

BTC is gaining and I am happy for those who are invested on it.  Review this post a few months in 2018 and tell me again alts are doomed.  If the trend continues, I will apologize and acknowledge your "wisdom".

[followmenot]

I can county myself one of these people. I was planning to share my folio between bitcoin, ethereum and lot more different altcoins. Then I saw alts going to get rekt. I would say I was half lucky, half unlucky. I saw upcoming crash like 2 days ago or something. But I didn't expect it happen this soon. So I could exchange some of my alts with ether and bitcoin. But not all.
I basically watched my altcoin wallets burning to cents

[Nonakryse]

It really sucks what is happening to Altcoins right now, but it shows you and teaches you a very important lesson. It's called hedging. Whenever you invest in something you have to make sure that you are adequately hedged, which means you should buy things, that move in contrast to your main investment. For example, when stocks go down, Gold is going usually up, and vice versa. Gold is acting as hedge therefore and kinda balances out your losses. The same is with Bitcoin, you should have a portion of your funds invested in Bitcoin, because it's hedging you in case it increases or decreases in value. As you might have noticed, when BTC is up, altcoins are down and vice versa, it makes sense therefore to be invested not only in Altcoins but in BTC itself in order to reduce the effects of a potential downfall that you are experiencing right now.

[neurotypical]

I tried to warn people several times, to not put their coins into shitcoins. They asked me to rate their portfolio, I told them the honest truth: "what you are holding is 99% scams, just stay on bitcoin, unless you want to gamble, if you want to gamble, then don't hold alts for too long". They wouldn't listen, they would call me a "bitcoin maximalist" (what a stupid term to use).

Well now you are reaping the benefits of spreading your BTC across a ton of different nonsense alts.

[coingrow]

You got it wrong. Long term investors are the only ones who are still going to be in profit when the storm settles. Its the short term players who would panic and sell their holdings. Remember that if you don't sell now, the loss is only on paper and not real till you actually sell!

[ukboss]

No it is never Domed to long term investment. if someone want to invest with his lazy money it is a best tram to long term invest but which coin you want to invest ? Still now some altcoin have best investment and you can buy bitcoin for your long term investment. We already buy so many bitcoin and it is now hit $7000 .

[Smoothmazi]

Doomed you say . Bitcoin is having a bullrun due to the forks and clone of the coin in 2017 does not make alt investors doomed. Note that alts will still have their green days . Maybe what you meant to say was that those long term investors that have their money in shitty coins without products are doomed .

[Jombitt]

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?

it depends on the coin that they are holding. Coins like OMISEGO will comeback its price again anytime soon after this bitcoin hype phenomena or after the last fork. And being a long time investor is not doomed yet with this kind of hype. Thats really something normal because there are times that there is a red days to be experience.

[Howtrain]

The projects that had no purpose and no real value may not recover from this, but I assume the majority of alts will over a period of time, especially those that are well-placed to disrupt things.

[residivis]

I still do not try to invest in the bitcoin, but I invest on the newly released coins / tokens. because it seems to me easier in my work.

[hasmukh_rawal]

Although it is true, it is not necessary that Alts will be the same forever. Who knows, it might just rise after the fork.
Altcoins have been going down since a very long time now and this might be the bottom from where Altcoins would see a rise.
I have got some news that Alts will be recovering after the Segiwt2x fork since people have been waiting for the fork to finish so that they can reinvest in Alts. I had sold my alts recently so that I don't suffer from more loss. Will buy them when I see a decent rise in them.

[rpg]

Although it is true, it is not necessary that Alts will be the same forever. Who knows, it might just rise after the fork.
Altcoins have been going down since a very long time now and this might be the bottom from where Altcoins would see a rise.
I have got some news that Alts will be recovering after the Segiwt2x fork since people have been waiting for the fork to finish so that they can reinvest in Alts. I had sold my alts recently so that I don't suffer from more loss. Will buy them when I see a decent rise in them.

After this fork will be another one and one more and more. It's hard time for alts. And a lot of us HOLD big bags of alts and lost a lot. I'll hold my bag for half a year or more, have 50% at BTC and other parts in alts. Now it look like 70 in BTC, but I don't sell anything. Forks eat all alts

[LodisMcguire]

Just because bitcoin going high doesn't mean alt holders are doomed
For short time trader maybe yes,but for long term,they will making profit by holding for years assuming the portofolio is good

[DevelopmentBank]

To echo and support what everyone else has been saying, NO, you are not yet doomed. Yes, all altcoin portfolios are currently suffering a tremendous loss, but most likely your investment did not decrease in fiat value. While your potential loss in bitcoin value is great, if you look at the conversion, you will still have almost the same amount of fiat. Too bad you weren't able to ride the bitcoin wave but you're not doomed because you can always still sell now and buy bitcoin.

Good luck to altcoin hodlers.

[KingScorpio]

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?

believe me bitcoin will not be brought down by the government officials but by the people, this tulpomania that burdens the infrastrucutre will deal with its nature sooner or later,

their might be uprisings one day in countries that are hungry and that dont have the electricity to power their agriculture. because of bitcoin waste.

bitcoin will get serious competition, ok not from the current burden and wasters the "owning" elite but from below in the wealth scale.

[cryptohunter]

the OP is new and not seen this cycle before

Long term investors in ico and dog shit alts are of course doomed anyway. Their coins will be diluted by other craps.
Most of these teams rely on other real devs products to even be able to release their droppings.

The outstanding alts with proven super devs are going to be the ones that make it and make it big.

[Indrawan77]

If you see today's chart then you can see some of the alt coins also got green, in this time, most of the people will regret not to invest in bitcoin but sometimes it's more profitable to invest in alt coin, they have their own speculation and the alt coins investors is not doomed they just need to be more patience

[feelideb]

The price increase look like a threat to value and possible rise in altcoin, but it is just for this period only. When altcoin start to rise too you will be amazed at how pretty fast it can rise.

[pimvinken]

bitcoin is really rising rapidly, so more people are investing their money into it to earn more profit, however it is unstable, not good for longterm investment, so i think, we should be patient and hold our Altcoins, after this B2X, the price will back to normal and they will invest in altcoins again.