Time to Bear the Loss?

[CrackedLogic]

People who bought altcoins with their bitcoins are in a deep and huge loss due to the rise of bitcoin value.

This is accurate on my side, lost 30% of my portfolio due to the USD/Altcoin price correction. I didn't see the quick jump to 7k and because of negligence ,due to exams atm , I'm sitting at this position.
I'm just going to take a long position, Bitcoin's bubble will burst sooner or later. Imagine it dropping to the depths of 3k or so in an extreme case.

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[shamzblueworld]

So most people are of the opinion to keep holding their altcoins until they can recover their invested bitcoin. But you guys are not taking time into consideration.
What if the pump you're waiting to recover your invested bitcoin in your favorite alt, takes 2 years? And if you sell that alt now, and just hold that amount of bitcoin for 2 years, you may increase the worth of your assets by 500%(just saying) which does not likely to happen with any alt at the moment.
Why time is irrelevant for you? I think time itself must have value in any trade or investment.

[traderethereum]

So most people are of the opinion to keep holding their altcoins until they can recover their invested bitcoin. But you guys are not taking time into consideration.
What if the pump you're waiting to recover your invested bitcoin in your favorite alt, takes 2 years? And if you sell that alt now, and just hold that amount of bitcoin for 2 years, you may increase the worth of your assets by 500%(just saying) which does not likely to happen with any alt at the moment.
Why time is irrelevant for you? I think time itself must have value in any trade or investment.

myself is holding the altcoin for more than 6 months and i am fine with this and i still have faith that altcoin price will be increase back and maybe it will increase the worth of our assets by 500% like you said. actually i can sell my altcoin in every price that could happen because in 6 months ago, when i bought the coins, the price is really at the bottom so if i sell right now, i can make profit but i don't want to sell now because i am waiting the higher price for all altcoins. so i think time will be my best friends. beside that, i still have doing trading with other coins and i still make profit with that.

[imyashir]

People who bought altcoins with their bitcoins are in a deep and huge loss due to the rise of bitcoin value, there are possible two options for them now, either keep holding their alts and hope that one day they would be able to recover if the alts pump, but with this option, the time invested could be too much.
Second option would be to sell the alts and bear the loss, of course with this option they will get back a very small percentage of the initial bitcoin investment, but there would be a possibility to invest in other coins and maybe recover their loss, or even just keep holding their left bitcoin and in time of course, its USD value be enough to overcome the loss.

What do you think about these option? Are you in this situation too? What do you plan to do about it?

your second option is better than you should let loose your loss. Find the other coins for a small percentage but you can recover your losses. In trading you will not be able to earn money if you only wait until you analyze your investments so that you can earn more.

[Casdinyard]

People who bought altcoins with their bitcoins are in a deep and huge loss due to the rise of bitcoin value.

This is accurate on my side, lost 30% of my portfolio due to the USD/Altcoin price correction. I didn't see the quick jump to 7k and because of negligence ,due to exams atm , I'm sitting at this position.
I'm just going to take a long position, Bitcoin's bubble will burst sooner or later. Imagine it dropping to the depths of 3k or so in an extreme case.

Yeah many us here are experiencing that too like almost all of the alts now are kissing the ground and we didn't know how long will it sitting and all we can do now is to just wait while the rally isn't over.
But I doubt that bitcoin is just a bubble as this is rises because of the announcement of Chicago Mercantile Exchange or CME that they will support the future of bitcoin and with this bitcoin gains more attention in the market and many business tycoons now are thinking to invest in bitcoin.
So I think, people  learned their lessons not to put all eggs in one basket.

[vinz7229]

For me patience is virtue, so I don't need to panic even if all my stored coins are not moving up, beside I have may reliable source that all of my stored coins have a big potential to pump up this coming December. And I believe in her because I already tested and proven to hear thoughts because I already gain almost 40 percent of my profit since I bought my coins when the time that the Bitcoin price is super low. And as I check in my wallet now it already gain a lot . So I suggest patience and trust is better things to do.

[OMGyasuo]

People who bought altcoins with their bitcoins are in a deep and huge loss due to the rise of bitcoin value, there are possible two options for them now, either keep holding their alts and hope that one day they would be able to recover if the alts pump, but with this option, the time invested could be too much.
Second option would be to sell the alts and bear the loss, of course with this option they will get back a very small percentage of the initial bitcoin investment, but there would be a possibility to invest in other coins and maybe recover their loss, or even just keep holding their left bitcoin and in time of course, its USD value be enough to overcome the loss.

What do you think about these option? Are you in this situation too? What do you plan to do about it?

You're right. Actually they have only two options. And in my opinion the wisest option is waiting. Selling your altcoins as soon as the price has fallen I think it is not a good choice. Maybe a few days later you will feel regret. Keep hoping it will give you a chance. And Maybe you will have more profit.

[herra520]

Give up and choose a new breed

[DonFacundo]

its depends on you if you have strategy in trading some traders set their price for losses so that they prevent for huge losses of their money and move on to other coin, but if you feel this coin that it will pump up soon then hold it but we don't know how long it will go up.

[pitiflin]

People who bought altcoins with their bitcoins are in a deep and huge loss due to the rise of bitcoin value, there are possible two options for them now, either keep holding their alts and hope that one day they would be able to recover if the alts pump, but with this option, the time invested could be too much.
Second option would be to sell the alts and bear the loss, of course with this option they will get back a very small percentage of the initial bitcoin investment, but there would be a possibility to invest in other coins and maybe recover their loss, or even just keep holding their left bitcoin and in time of course, its USD value be enough to overcome the loss.

What do you think about these option? Are you in this situation too? What do you plan to do about it?

I am currently holding all my Alts right now,  there is a crash that is expected soon, so with that hope I am not selling any of my alt coins and the alt coins I have invested have a really good potential, so no use of panic selling it.
Assuming that, if you sell your alts at a loss, the amount of bitcoin you'll get will be comparatively way lesser than what you had invested, and literally all alt coins are facing a terrible situation and reinvesting is not suggested.

[sujonali1819]

People who bought altcoins with their bitcoins are in a deep and huge loss due to the rise of bitcoin value, there are possible two options for them now, either keep holding their alts and hope that one day they would be able to recover if the alts pump, but with this option, the time invested could be too much.
Second option would be to sell the alts and bear the loss, of course with this option they will get back a very small percentage of the initial bitcoin investment, but there would be a possibility to invest in other coins and maybe recover their loss, or even just keep holding their left bitcoin and in time of course, its USD value be enough to overcome the loss.

What do you think about these option? Are you in this situation too? What do you plan to do about it?

I also agreed with you opinion.I think its a huge dump of alt coin.recover the loss is more deficult and need huge time.If you hold the alt coin the loss can be recover but now this time i think selling with loss and buy bitcoin by the money is better than holding alt coin.

[Zandar]

It is too late to sell now that BTC has doubled, the alt coins BTC worth are halved, selling now means you'll have half the BTC you paid for the alt coins. It's best to wait out the free segwit2x coin around nov 14. After that BTC will go down a bit, then alt coins will rise again.

[dothebeats]

That's why stop-loss is so important when it comes to trading. I personally have holdings on some alts that I thought would do well within the next two months. I have the feeling that they will be successful but just in case, I put my stop-loss threshold at 10% just to save my ass in case some stupid bastard decides to dump. Then it happened. USD wise, I still have my money, but I don't want that. I wanted to increase my bitcoins to maximize my profit. I lost 10% but I still have the money I needed so no biggie. Just move on and find another coin to invest in.