All of my friends have finally dumped all of their alts

[daniel08]

I have alts in my wallet , but i will not dump them . I will still hold my alts even if its not going to pump by this year. I believe that alts will go pumping by next year 2018. Hope your friends never regrets for what they do to their alts in the end.

[Bay_Harbour_Butcher]

I think it's the wrong decision, because I think the altcoin downstairs is not just a few, but almost all altcoin down to deep red, and hopefully this is only temporary, after this people will sell the bitcoin again and buy altcoin again, unless your friend really is in need of money, then it does not matter if it sells altcoin now

[bobq]

They should have dumped them in june, when they were at the top, not now that they have tanked all the way down to what is likely to be the bottom. When you have lost 70%-90%+ of your money because of the price tanking, what's the point of trying to save 10-30% of your investment, compromising the chance to get it all back in the next cycle of the market?

[dennyd999]

I have been telling my (online, because I don't know anyone in real life that even knows what bitcoin is) friends to get rid of their altcoins,

I think that is the reason why you do not have much friends in real life. You probably advice them to do wrong. Always sell on high and buy low.

If Bitcoin will goes even higher it will burst and will hurt all cryptomarket in general. No one is ready to Bitcoin cost so much. Even the Bitcoin maximalist. I think it will goes back to 4500- 5500 $ atleast.

3 transaction per second, old infrastructure, outdated technology. More than 7000$  


Altcoins is the future.

[sigtmerchant]

I guess we'll see interesting things happening after the fork...

[mikyadel]

you friends will kill you soon  just kidding but that's a really bad decision as btc will stop rising eventually and then a huge pump for altcoins

[DevelopmentBank]

Despite what most are saying that now is a bad time to sell alts, i beg to differ.

Why? Because look at the short term speculation first, bitcoin will pump before the hard fork. This has been happening and is proven by history in the previous two forks. Bitcoin will rise because many people will buy bitcoin expecting free dividends. That being said, now until some time before November 16 is a good time to sell alts, then on November 16 buy back again.

[roshanface123]

Even I have sold some of my altcoin holdings not all . I sold some tokens because I dint see any progress from devs or team and dint find any potentiality after fork that kind of token I sold for ethereum not for bitcoin because comparatively after fork eth will be the first alt coin pump hard for sure.

[tsaroz]

But I haven't. I believe it's not worth the transaction fees to start converting them to bitcoin. The alt too are rising to some extent against USD and bitcoin is not going to rise indefinitely.

[Quidat]

I have been telling my (online, because I don't know anyone in real life that even knows what bitcoin is) friends to get rid of their altcoins, because sooner or later there would be a massive bull run to bitcoin that would last months. They never believed in what I had to say. "Bitcoin maximalist" they would accuse me off.

Recently, they finally dumped their alts, which they were holding in hopes of a pump to make more bitcoin with, and simply held BTC. They have dodged the massive alt crash that has brought up BTC back above %50 of the crypto marketcap dominance.

Im not saying all altcoins are shit, but most are. It seems finally reality is kicking in amongst noobs that thought they could get easily rich with altcoins, and they are finally going back to BTC.

Lucky for those friends of yours did able to get in on the right time which they did able to earn percentage profits but if those alts are good ones and they did pull out their investment then the possibility of regrets will occur later on because we cant really poinpoint that bitcoins price will still continue to rise up even more.If they would able to see pumps sooner on those alts that they had invested which they saw that they can earn more then they will surely regret such decision.

[AgatioX]

I think now is the time to BUY but not to SELL alts.

As someone mentioned above - forks of BTC will end soon,and the more its forking the less trustworthy and expensive that shitfork becomes.

ALSO - alts mostly dumped to BTC, but in USD they are pretty stable.Whats the problem?

HODL guys

[TrumpD]

You have very wise friends OP. However, not all of them alts are going to be useless or go red. I have done the same, but I am still keeping a few like NEM and Monero, which I feel would still have a very good future. Only time will tell if their decision is a good time, one requires plenty of patience in this business.

[mx667]

You have very wise friends OP. However, not all of them alts are going to be useless or go red. I have done the same, but I am still keeping a few like NEM and Monero, which I feel would still have a very good future. Only time will tell if their decision is a good time, one requires plenty of patience in this business.

Actually it depends on which Altcoins you throw and how many Altcoins it is. If what you throw away is Altcoins that comes from the new ICO, then it does not matter if it is discarded because we do not know whether they will succeed in the future or not. But if what you throw away is Ethereum and the amount is quite a lot. Then you're wrong. At least let the Ethereum be buried for several years. Later on you can make a big profit out of it.

Because basically, the price of each Altcoins will always go up. We just need to be patient and not panic when there is a price change. Hopefully we can be more wise in addressing Altcoins.

[dhka]

Not a wise decision for me to dump their alts when it is utterly low to buy bitcoin which is already unimajinably high, too late I might say

Once bitcoin bulls stop taking control, alts will skyrocket 

[Rufsilf]

If all of your friends did that then do not be like them. If you will sell or dump all of your alts then it is a complete loss and i know that you don't want to get losses or negative profit and if you bought good coins then there is nothing to worry about because they will get up again once the hype or bullishness of bitcoin will be gone.

[Geenstijl]

I think it's too late to dump alts now. It will be the cause of bigger losses than HODL them through the hardfork. They all will grow back after the middle of November for sure.

[olushakes]

I have been telling my (online, because I don't know anyone in real life that even knows what bitcoin is) friends to get rid of their altcoins, because sooner or later there would be a massive bull run to bitcoin that would last months. They never believed in what I had to say. "Bitcoin maximalist" they would accuse me off.

Recently, they finally dumped their alts, which they were holding in hopes of a pump to make more bitcoin with, and simply held BTC. They have dodged the massive alt crash that has brought up BTC back above %50 of the crypto marketcap dominance.

Im not saying all altcoins are shit, but most are. It seems finally reality is kicking in amongst noobs that thought they could get easily rich with altcoins, and they are finally going back to BTC.

Your position is quite correct but the issue is in the face of difficulties that alts are facing now, there is still some element of profit making although it might look dim because if the massive crash but that does not mean people are still making money along the line. Also, one sure thing about the cryto market is that nothing is constant for long as the issue at hand now is not something that would last long. The crash happening to Alts now has been about say 4weeks which to me is still short to make a position about the fate of alts.

[Tamilson]

I think it's too late to dump alts now. It will be the cause of bigger losses than HODL them through the hardfork. They all will grow back after the middle of November for sure.

Dumpers now are all have weak hands even they knew they're losing still they dump their alts. Like this isn't the first time for the alts to kiss the ground so we should all know that soon they'll recover after all this bullish run of bitcoin.
I have this one friend that after seeing the alts in blood bath he immediately dump almost of his alts and try to convince his self that's everything's fine and just buy back again. And that statement of him makes me think that's he's insane and stupid.

[Ben271286]

Just wait for the new Alt season...you have pretty obviously not so intelligent friends if they dump on the bottom haha...now its time to fill the bags!

[e-coinomist]

Do you really think no one cares about Ethereum?  Or Litecoin?  Or Dash and Monero and ZCash?

And if you follow Siacoin development at all (...)
(shortened posting about SC bagholding)

These teams differ in size and impact, which has to be counted in. 1 Vitalik weights way more than 1 Lee. Intellect, not body weight btw.
The Monero team has a bigger number of participants in comparison to Dash. And Zcash is a company, you can buy stocks of other companies like PayPal, too.
Sorted along that order you approximately get: Ethereum > Monero > Litecoin > Dash > ZCash
Days before (another!) fork day I will stock up on these in exactly that order and weighting!