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stunvn
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November 30, 2017, 11:48:23 AM |
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If I were you I will cut lost immediately.
Look at the chart of altcoins from May to today.
Never hodl altcoins. Trade and sell short-term 1-3 weeks.
You will see many better altcoin that sounds better than old ones. People will rush in those new alts and leave the old ones to death.
Look at the chart. NEVER HODL ALTCOINS!
HODL the STRONGEST COINS on the CMC: BTC, ETH, BCH or LTC your choice.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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civilufo
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November 30, 2017, 11:51:20 AM |
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I tell you a story and you should know what to do. I heard someone said he bought bitcoin at 7k, then nervous and sold at 5k. Now, you should know what is the current bitcoin price.
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macchiato
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November 30, 2017, 11:55:50 AM |
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Maybe because you broke the traders' rule which is buy low, sell high. These previous months, bitcoin price is extremely high. During this time, it is not advisable to buy because instead of gaining, you will lose. Be patient and don't panic sell or buy because that will hurt your budget.
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nydiacaskey01
Legendary
 Offline
Activity: 1834
Merit: 1036
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November 30, 2017, 12:09:21 PM |
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why are all these cryptocurrencies are going down?
Its not a rule of thumb that whenever price of BTC goes up, cryptos will start turning red, what happen is its a market reaction that alt holders will start to cash in an enjoy the price surge of BTC but its not forever, it will recover just be patient and hodl. If you have extra and still willing to take the risk, buy more alts since the price is down. |
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popeye95
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November 30, 2017, 12:30:44 PM |
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why are all these cryptocurrencies are going down?
Because you are holding altcoins which is going tank hard because of bitcoin, either hold it or sell and cut your loss. |
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palle11
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November 30, 2017, 12:31:50 PM |
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remember one thing in crypto exchange, you will never lose if you don't sell your coin.
people are only looking on how crypto asset going up, they don't really know about the volatility of crypto. when you the price drop, it's a normal. all you need to do is patient.
The stock market is a device for transferring money from the impatient to the patient. – Warren Buffett
Talking about , " you will never lose if you don't sell your coin". I also use to hear that but recently I think I'm thinking not to always follow that all the time because of my experience lately. Although ,it was with an altcoin that was bullish and has gone really dip now . Still on the waiting game  |
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krayzie32
Sr. Member
Offline
Activity: 479
Merit: 250
https://streamies.io/
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November 30, 2017, 01:12:30 PM |
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I think you should sell all your altcoin and buy Bitcoin now. When Bitcoin recovers, you can earn profit again. You should not be greedy. Let sell at the $12000
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goaldigger
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November 30, 2017, 01:42:02 PM |
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Maybe because they get its peak price. I notice it too that the bitcoin is going down now. Its not surprising tho knowing that its price pumped up this last few weeks and now its going down. You should know that it is so volatile before you invest right? Do you? But if you dont want to lose , just dont sell it yet.
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drawoh14
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November 30, 2017, 01:46:39 PM |
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why are all these cryptocurrencies are going down?
Just hold whatever coins you have, bitcoin is dropping that is why many alts are affected, it will recover sooner or later just do not do panic selling in times of dropping |
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rajsimran
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November 30, 2017, 01:52:49 PM |
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why are all these cryptocurrencies are going down?
because bitcoin price pumping and dumping so high.And people are interested in bitcoin because of btc pump and dump.So just wait for few days market will be up.Nothing to do right now  |
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sabrikks
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November 30, 2017, 01:55:14 PM |
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i think it's just a price correction so don't panic , but it's better no not to trade right now as the market is very unstable now
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St4yInTh3D4rk
Sr. Member
Offline
Activity: 686
Merit: 264
"STAY IN THE DARK"
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November 30, 2017, 01:58:08 PM |
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why are all these cryptocurrencies are going down?
If you are expecting profit from your investments,then you must wait for some months are year.Never expect profits from the next day of your investments. I hope you bought the potential crypto currencies or else you just sell your trash coins immediately and buy coins like bitcoin,ethereum,monero and litecoin these are the best crypto currency for long term investment. |
Hero/Legendary ..bustadice.. ▄▄████████████▄▄ ▄▄████████▀▀▀▀████████▄▄ ▄███████████ ███████████▄ █████ ████▄▄▄▄████ █████ ██████ ████████▀▀██ ██████ ██████████████████ █████████████ █████████████████▌ ▐█████████████ ███ ██████████ ███████ ███ ███ ████████▀ ▐███████ ███ ██████████████ ██████████████ ██████████████ ██████████████ ██████████████▄▄▄▄██████████████ ▀████████████████████████████▀ |
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Dudeperfect
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November 30, 2017, 04:09:41 PM |
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Because it went up.
It is an open secret that Bitcoin's rally is not the organic growth but the result of institutional investor's game and if the price is going down then it clearly means that those investors are done with it. However, their exit might create a domino effect on the market which will promote the panic selling wave. Thankfully, Bitcoin is here to stay and will perform better in the long run and nothing to worry about it. Corrections will keep the market healthy.
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waqasniaz007
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November 30, 2017, 04:23:22 PM |
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You will only loose money in crypto if u sell. Do not chase the high price. always buy on dip and sell on high. Patience is they of sucess.
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flower1024
Legendary
Offline
Activity: 1428
Merit: 1000
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November 30, 2017, 05:26:27 PM |
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Because it went up.
Right there is no surprise in this dump. and many people are waiting for this movement to buy their fav coins for less price. You will only loose money in crypto if u sell. Do not chase the high price. always buy on dip and sell on high. Patience is they of sucess.
Yes this is the panic time many people will get panic by seeing the price drop. don't get panic again all coins will rise in few days. so now it is buying time. |
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gatti
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November 30, 2017, 05:42:37 PM |
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If I were you I will cut lost immediately.
Look at the chart of altcoins from May to today.
Never hodl altcoins. Trade and sell short-term 1-3 weeks.
You will see many better altcoin that sounds better than old ones. People will rush in those new alts and leave the old ones to death.
Look at the chart. NEVER HODL ALTCOINS!
HODL the STRONGEST COINS on the CMC: BTC, ETH, BCH or LTC your choice.
Ya some what right.If you inverse in altcoin means,just fix a plan to sell it in short term.Altcoin is some what risky compared to bitcoin.It will be survey for short term.Investing in altcions is not a bad decisions,lack to choose the best among that is the mistake. Strong Coins,Bitcoin,Eth,Bitcoin cash,Waves,Lite coin. |
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bering
Legendary
Offline
Activity: 2758
Merit: 1006
Leading Crypto Sports Betting & Casino Platform
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November 30, 2017, 05:42:50 PM |
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the main cause is you buy at the high price so when it dropped then your coins mostly will dropped too but if your current coin is major altcoin such as ETH,LTC or bitcoin i think there is no worried about that because it will went up back but currently you have to more patience to wait the correction price
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lite
Legendary
Offline
Activity: 1400
Merit: 1009
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November 30, 2017, 05:56:08 PM |
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why are all these cryptocurrencies are going down?
It's because of bitcoin's upward movement! altcoins tend to go down when bitcoin starts it's upwards rally. You will only loose money in crypto if u sell. Do not chase the high price. always buy on dip and sell on high. Patience is they of sucess.
Yep, that's true. never sell at loss, never invest what you can't afford to lose. |
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dieselmeister
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November 30, 2017, 07:00:46 PM |
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This is the correction of the market. You should not to worry. In 2018, they will recover soon.
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Someone used my Account for 3 Month, why would someone do this?
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sana54210
Legendary
Offline
Activity: 3192
Merit: 1128
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December 05, 2017, 03:30:52 PM |
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why are all these cryptocurrencies are going down?
One basic rule of trading, never buy when everyone is buying. If you did not enter a market when it is still on the huge lows, do not bother yourself much again about such a market when it starts pumping. However, a lot of correction is going on at the moment and you should learn to use your stop loss if you are trying to enter a market. Nevertheless, also understand that patience is a virtue and you can just chill or look for more money to buy in when they go lower, so you can leverage on some good profit when they get pumped back. Its not a rule of thumb that whenever price of BTC goes up, cryptos will start turning red, what happen is its a market reaction that alt holders will start to cash in an enjoy the price surge of BTC but its not forever, it will recover just be patient and hodl. If you have extra and still willing to take the risk, buy more alts since the price is down.
Absolutely, nothing lasts forever. The going down of the alts are just going to happen for a while, very soon after the correction is over, most traders will start buying in back and then we see the prices going back up. Just like you said, instead of panicking, the best thing is to see these moments as an opportunity to make some profits from the dip. |
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