People who bought alt coins at/close to their ATH may not break even for 1 year

[quickie69]

You guys have to understand that no matter how good the project is, if the whales are not pumping, the price is not going to increase much.  It could take AT LEAST an year for buyers who bought their coins close to their all-time high (like me, I’m an idiot) to break even again. If you look at what happened in December, do you think the major bull run where everyone coin was on the rise was because of their actual project performance? No, it was all whales. The whales could be quiet until summer when they decide to buy new yacht. Or, they can decide not to pump big until December 2018. So for example, if you bought Neblio (good project) at $50-$60 OR SUB (another good project) at $4, it is not going to return to that price without the help of Whales or unless the project performs exceptionally well within the next few months (which there is no guarantee and more likely to fail than succed). Not trying to spread FUD but this is the truth. Just don’t be idiot like me and buy when price is close to ATH, it might screw you for long time, possible an year.

[1714477569]

1714477569

[1714477569]

1714477569

[1714477569]

1714477569

[bittick]

You guys have to understand that no matter how good the project is, if the whales are not pumping, the price is not going to increase much.  It could take AT LEAST an year for buyers who bought their coins close to their all-time high (like me, I’m an idiot) to break even again. If you look at what happened in December, do you think the major bull run where everyone coin was on the rise was because of their actual project performance? No, it was all whales. The whales could be quiet until summer when they decide to buy new yacht. Or, they can decide not to pump big until December 2018. So for example, if you bought Neblio (good project) at $50-$60 OR SUB (another good project) at $4, it is not going to return to that price without the help of Whales or unless the project performs exceptionally well within the next few months (which there is no guarantee and more likely to fail than succed). Not trying to spread FUD but this is the truth. Just don’t be idiot like me and buy when price is close to ATH, it might screw you for long time, possible an year.

I know that about the possibility all of these hypes have been created by the whales. It's easy to make newcomers feeling scared just through a little pump and dump. Those whales are controlling all of the crypto right now. With million or even more than teen million dollars and they can do anything with all of the market. Just like when ripple goes to the $3 and it's decreasing a lot right now.

[Fileiro]

All so very true.

But why would you even consider buying into any coin near its ATH?

Trading 101:

Buy LOW, sell HIGH.

Buying low means only buying anything whenever the demand is as close to non-existant as possible.

That's scary to do but incredibly lucrative when done right.

[kolesozw]

Of course it's possible and it's the most likely scenario to happens. But it's the same on every market, stock or forex.

I bought Oyster Perl on a very close to ATH price. But those kind of buying are long term investments. Projects needs time for development and markets for recovering. Just never play with more that you can loose without affecting your real life.

[nydiacaskey01]

All so very true.

But why would you even consider buying into any coin near its ATH?

Trading 101:

Buy LOW, sell HIGH.

Buying low means only buying anything whenever the demand is as close to non-existant as possible.

That's scary to do but incredibly lucrative when done right.

That is easier said than done. Who would have known that Bitcoin will pump all the way to 5 digits when some speculators thought BTC will reach $5,000 USD by end of 2017. Those who bought at 16k, 17K or even higher might be scratching their heads now, waiting to at least break even but again, next month maybe a good month to reach $20k again. Even if BTC don't reach $20k again, if they are patient in trading and be happy with 3%-5% for each trade, profits can be reached in a month.

[celtic99]

A lot of the shitcoins will take awhile ot recover, I'm sure bitcoin and eth will reach their all time highs again within a few months.

[bigcash2011]

Do not be pessimistic, if the market volume continues to grow as expected then we may see new high levels for all good coins this year.

[Fileiro]

All so very true.

But why would you even consider buying into any coin near its ATH?

Trading 101:

Buy LOW, sell HIGH.

Buying low means only buying anything whenever the demand is as close to non-existant as possible.

That's scary to do but incredibly lucrative when done right.

That is easier said than done. Who would have known that Bitcoin will pump all the way to 5 digits when some speculators thought BTC will reach $5,000 USD by end of 2017. Those who bought at 16k, 17K or even higher might be scratching their heads now, waiting to at least break even but again, next month maybe a good month to reach $20k again. Even if BTC don't reach $20k again, if they are patient in trading and be happy with 3%-5% for each trade, profits can be reached in a month.

For sure it's not easy.

But let's be honest, the people who got into BTC at 16-17,000 last year COULD have looked at a price chart of BTC/USD and noticed the insane parabolic move well underway AND they might have noticed the frothy 25/7 coverage of BTC on CNBC leading up to the top.

Looking at price charts and learning what a pump and a dump looks like is basic trading, anybody throwing real money at an investment should bother enough to take their time and figure this stuff out before taking out that second mortgage..

[Imfinnabeon]

Do not be pessimistic, if the market volume continues to grow as expected then we may see new high levels for all good coins this year.

I don't think OP is being such, if anything I think they are being a realist because most of the top coins haven't reached near their ATH again, and so for those who bought the tops or near the tops they are still bag holding. Honestly though it seems like a lesson 99% of traders have to go through (myself included) and it is tough but generally losing and having pain teaches us much better than euphoria does. Lets hope these lessons can build us into successful traders moving forward .

[NutMasterTardd]

Yes that's completely true but at the same time with whale manipulation it could be a lot sooner, many pump and dumps are started by a few creating volume on news which attracts in other investors and together the price rises, then the whales usually sell off first and the long downtrend begins. Many alts will still go 10x/100x in the coming years, I'd rather hold for a long time and not miss those returns that sell during an alt down-trend.

Even waiting one year for a 200% profit is extremely good but not considered so good in crypto, but it is such a high return compared to other global markets.

[Lalapan]

Do not be pessimistic, if the market volume continues to grow as expected then we may see new high levels for all good coins this year.

I agree with you dev, it will be difficult to get back to stable again quickly, but we must remain optimistic and believe that all the coins will be stable again in the next few months. even more soared from a few years earlier.

[KwizatzHaderach]

Not necessarily true, but it is a possibility. Markets are having a hard time now but next December should be fine again. It is a waiting game, hodl almost always will win except for really bad projects.

[tdeannova]

if your opinion is correct, why is the whale not pumping again? is there no more space in her stomach?

if we keep thinking of things like this, then we can miss the opportunity. the important thing is, how can we get profit from current market condition and situation.

[juanichiloco]

Yes it possible people who bought near the top could be waiting a while for it to reach that level again but if you look at last years performance there were several alt runs and each time new all time highs for most coins.

The real question is if the market can perform anywhere like last year again.

[Rano]

Could be, that is will take a while. But as long as you do not sell, you also do not lose anything. When investing, you should always be clear that you could lose all your money. For the next few months I think investing in ICOs could bringt some good winnings for short term. Lets hope that we pump until end of the year again.

[khufuking]

Well if you made the mistake and bought st ATH or near it , just do not follow it with another mistake and sell , so just keep hodl yes it might take some time but eventually if the project you bought in is not totally shit it will make a comeback   .

Buy low sell high is a golden rule that is for sure . But this rule also make you miss one in a time chances when a coin make X50 X100 . So ya every thing have its cons and pros .

[Estrath]

I'm waiting for the time when cryptomarket will transform and prices will be determined by usefulness and use of the product and not by random choice of whales to pump the coin, hope this time will come soon. Only after this ''stabilization'', cryptomarket will be fully opened to the wide range of people.

[Yuuto]

You guys have to understand that no matter how good the project is, if the whales are not pumping, the price is not going to increase much.  It could take AT LEAST an year for buyers who bought their coins close to their all-time high (like me, I’m an idiot) to break even again. If you look at what happened in December, do you think the major bull run where everyone coin was on the rise was because of their actual project performance? No, it was all whales. The whales could be quiet until summer when they decide to buy new yacht. Or, they can decide not to pump big until December 2018. So for example, if you bought Neblio (good project) at $50-$60 OR SUB (another good project) at $4, it is not going to return to that price without the help of Whales or unless the project performs exceptionally well within the next few months (which there is no guarantee and more likely to fail than succed). Not trying to spread FUD but this is the truth. Just don’t be idiot like me and buy when price is close to ATH, it might screw you for long time, possible an year.

Yep. No matter how good a project is, it will not pump again until some whale gets interested in investing in it and in turn leads to further pumps that happen throughout the market as people go into fomo.

This is why buy/entry points are so important.

If you buy a good project, even if it's bitcoin, when it's near its ATH, you're probably not going to see any sort of returns on your investment any time soon. But if you buy a bad project that has great marketing, it could potentially generate some hype in the short term and reap you profits.

[Emilyearl]

I would agree with you on this, although it might not take a year to break even. Reasons being that in this scenario when one gets caught up towards the end of a bull run, what such person need do is once the bear market starts to end or eventually ends, buy more and add to your previous stash. By doing this, you sell at some point and recover your previous loss or minimize it. Don't wait forever to break even , use this approach of adding to your bags and selling off at some point.