Alts are Bleeding What To Do?

[developer101dev]

Just relax, all this pain is going to end at some point, and the entire market is bleeding, and specially on Kucoin exchange, almost all the altcoins who are listed in there are down in more than 60%. This is critical, i have never expected that.

Market is volatile so you should always expect that there is ups and down. The reason why we need a downtime on the market is for us to earn more profit by investing on a very low amount of price in the market and wait for a few months for its value to increase again, Buy and selling at the right time is always the best thing to do to earn more profit.

[llyfee4u]

Unfortunately this is only one of many phases to come.  It’s the realiy of crypto markets but not to worry, one day everything is green, next day it’s all red.  The important thing is making sure that you stay in the loop in terms of news and be confident in your decisions about your holdings.  All red markets, infact and all green markets is a test of our mettle to hold/sell or completely lose our minds lol.

[faceoff97]

We can do is to buy coins for a lower price  and just wait it to pump higher and hold it for a long term.Hold your tokens on your wallet dont panic because it is normal way.

Its normal for coin to drop in price, that actually means an opportunity for you to buy more coins. There were some system that just happening and surely will regain after it. Just keep it on Hodl and just wait. For you not to panic, keep your self from checking the price and just look at your coin as your asset. Most coin gain more profit in a long period of time. Surely youll find your investment grown if you just hold it.

But if you're not willing to lose or you do not afford to risk your fund, just withdraw it and make your self secure in other investment. But I assure you. Coins have nothing to go but UP.

[eugenefonts]

Most of the newbies were hype and they dive at the highest peak of their coin ,and now they are FUD most of them didnt research about their coin they just believe what is hype coin of the whales. Best thing to do when its up to 50% losses is just to hold your coins then invest at other coins or invest at the lowest/deepest of your coin. Dont be weak hands read and research more for what to do in this scenario im not that pro but i learned from my experince and experience will make you tough and more smart.

[KellyCoin]

Unfortunately this is only one of many phases to come.  It’s the realiy of crypto markets but not to worry, one day everything is green, next day it’s all red.  The important thing is making sure that you stay in the loop in terms of news and be confident in your decisions about your holdings.  All red markets, infact and all green markets is a test of our mettle to hold/sell or completely lose our minds lol.

Yep this is crypto. China and South Korea FUD creating huge drop. But we have seen this before and we have come back stronger than ever. Hold strong or keep buying if you can afford to invest more.

[erox]

Yes, I completely agree with you! Buy and hodl is a great strategy now.

[slaman29]

There are only 4 actions you can take, one is to do nothing and keep holding and ride the storm, another possibility is to get out of the market and sell everything and wait until the prices hit rock bottom and then you enter the market and the 3 action is to keep holding but put more fiat and buy altcoins cheap and the final action is something that no trader will do which is to sell and never buy back.

I took the very first option last year, but the background of that is I entered the storm after it looked like it couldn't get any worse. Meaning, I bought what I thought were bottom prices. I was wrong, and I held coins that even made me lose in 60% deficits. So I became a bag holder, unwilling to lose 60%. Last month, everything changed and over the course of 2 weeks I made back investments and kept altcoins leftover from liquidating.

Will that tactic work again? I'm not sure right now, coins have dropped but not even as cheap as when I entered many of them.

Right on about that last thing. No trader ever quits. It's an addiction isn't it?

[kevindeangelis]

I think there is nothing to do now. In my opinion waiting is the best option for a while.. No need to do panic selling so let’s just hodl 

[Leocrypto da Vinci]

It seems that most of "investors" here believed that something can grow forever. Well, they were wrong.
There are cycles (look at forex market), and GOOD investors can make profit even in a bearish phase.
That's simple.

[Mankov]

I hold my coins, because it can go up very fast. Too fast...

It`s like trading mining-stocks which are on speed. 

 

[KellyCoin]

For all those who are holding congratulations. Markets look like they are rebounding a bit. Lets hope it continues over night.

[thycrypto]

The worst thing you can do now is something. Leave the coins alone. It is a bear market and whoever is selling/at a loss will lose it all. It is a holding period and that is all that needs to be done. Newcomers need to know not to buy at ATH and then sell at the dip. The dips are a time to buy and that's what the smart people will do and make the gains once the market comes back up.

[zelebobasezam]

I think there is nothing to do now. In my opinion waiting is the best option for a while.. No need to do panic selling so let’s just hodl  

There 2 good ways now, HODL or buy in a low price. But in any case, you need to be careful with the choice of cryptocurrency...

[veliq]

No problem, first of all, you must learn patience in trading. Just promise yourself that I will never sell altcoin at a loss, believe me, this is what I learned to trade. I ran into huge losses in the past because of panic, then I earn a promise with myself, regardless of the situation. I never close the loss trade.

[nobetci]

I got used to this kind of bleedings of the altcoins. These currencies has been having fluctuate price situations and I think it is a big probability that, this situation will continue in the future too.

To sell your coins, wait for better prices.

[AltcoinAuthority]

Yes, I completely agree with you! Buy and hodl is a great strategy now.

I expected that to happen.
That Kucoin exchange doesn't really do a full review of what coins are real or not, they just list random coins.

[twentix]

BitConnect just closed...

[Cryptoguru274]

Even when the cryptocurrency is falling there are top gainers in the market. Just believe that nothing remains perrmanently at the top forever. Even satan fell when he fought God in heaven. They will rebounced so buy now

[HoaNguyen]

Not only altcoins, but the entire market is rapidly declining, due to the negative information that governments in some countries like Korea have banned cryptos in the country. their. The thing you need to do now is calm down, continue to hold and wait until the market rebounds.

[ac2eugenio]

When the times like this,the best thing to do is to do nothing because weak hands will fall,remember you wont lose anything if you dont do panic selling when the markt is crashing,just be positive cryptocurrencies has volatile market,it can crash and recover in just few hours or days,you dont have to sell if you dont want to lose a lot of money.