Don't love any Alt coins.

[The Cryptovator]

Actually people's learn from mistake. Those mistake I did began, I am realizing now. That's why I want to share it. Perhaps everyone will not agree with me. Every traders have few favorite coins. It's normal fact, but don't love too much any coin it's my logic.

I don't want to mention but I have lost many btc just one coin. Just think it will go more up and didn't sold. In a result price dropped 4X. So I want to say don't love any coin, just sale when you are in profit and go another coin or wait for drop price again and buy it. It's very difficult to recover once drop an Altcoin. One more thing, don't invest your all fund on single coin. It will loss more, who know it will up or drop.

[cubevtc]

You're right, but from my point of view, besides investing in a coin, it's ok and try to trade at the same time.

[Gloverwrt]

The general idea is do not mix emotions when trading.
Always judge based in the foundamentals and the technicalities.
Although when a coin meets all your criteria and lives up to it's potentials, you are likely to get excited and get attached to it. But always control your emotions.

[acarli]

The general idea is do not mix emotions when trading.
Always judge based in the foundamentals and the technicalities.
Although when a coin meets all your criteria and lives up to it's potentials, you are likely to get excited and get attached to it. But always control your emotions.

I agree. I am almost able to do it. My enthusiasm for crypto influenced me to not act on my rational knowledge of when to sell and buy. Each missed cycle I learn a little more and become a better investor.

[jimbo2000]

Actually people's learn from mistake. Those mistake I did began, I am realizing now. That's why I want to share it. Perhaps everyone will not agree with me. Every traders have few favorite coins. It's normal fact, but don't love too much any coin it's my logic.

I don't want to mention but I have lost many btc just one coin. Just think it will go more up and didn't sold. In a result price dropped 4X. So I want to say don't love any coin, just sale when you are in profit and go another coin or wait for drop price again and buy it. It's very difficult to recover once drop an Altcoin. One more thing, don't invest your all fund on single coin. It will loss more, who know it will up or drop.

The best piece of advice you gave is in the last line -

don't invest your all fund on single coin

I believe this is true for bitcoin or any alt-coin. Diversification is key for success.

The rest of the advice is true as well it's just not so simple to follow because knowing when to buy or sell is tricky and it's hard not to grow attached to coins you believe in and that provide you with success.

[LSt56]

Actually people's learn from mistake. Those mistake I did began, I am realizing now. That's why I want to share it. Perhaps everyone will not agree with me. Every traders have few favorite coins. It's normal fact, but don't love too much any coin it's my logic.

I don't want to mention but I have lost many btc just one coin. Just think it will go more up and didn't sold. In a result price dropped 4X. So I want to say don't love any coin, just sale when you are in profit and go another coin or wait for drop price again and buy it. It's very difficult to recover once drop an Altcoin. One more thing, don't invest your all fund on single coin. It will loss more, who know it will up or drop.

Really, one of my bad experiences is that I have lost more than 60% of my funds when I invest in one coin (I will not mention it), even though we believe that the coin will have good potential at least we keep saving funds or buy other altcoins so the losses we get are not too big.

[Xardasim]

Actually people's learn from mistake. Those mistake I did began, I am realizing now. That's why I want to share it. Perhaps everyone will not agree with me. Every traders have few favorite coins. It's normal fact, but don't love too much any coin it's my logic.

I don't want to mention but I have lost many btc just one coin. Just think it will go more up and didn't sold. In a result price dropped 4X. So I want to say don't love any coin, just sale when you are in profit and go another coin or wait for drop price again and buy it. It's very difficult to recover once drop an Altcoin. One more thing, don't invest your all fund on single coin. It will loss more, who know it will up or drop.

I also faced a situation like you. Although the price was 95$ at the end of last year, I did not sell and wait for my favorite coin and I sold it worth of 2$ in August. But if I had not sold compulsorily, I had to sold it for 0.60-0.70$ now. lol. It is also better to diversify some of the money into stock or Forex instead of just crypto.

[moneyvolutions.com]

Actually people's learn from mistake. Those mistake I did began, I am realizing now. That's why I want to share it. Perhaps everyone will not agree with me. Every traders have few favorite coins. It's normal fact, but don't love too much any coin it's my logic.

I don't want to mention but I have lost many btc just one coin. Just think it will go more up and didn't sold. In a result price dropped 4X. So I want to say don't love any coin, just sale when you are in profit and go another coin or wait for drop price again and buy it. It's very difficult to recover once drop an Altcoin. One more thing, don't invest your all fund on single coin. It will loss more, who know it will up or drop.

Yes true it's better to hit and run, even though we love it but when loss the coin doesn't care. You say don't put all the money into single coin, that means we have to put it into a few coins. Isn't this way just going to make confused? because there are too many coins to monitor. On the other hand, if the price of all the coins goes down simultaneously will loss more.

[Baofeng]

Actually people's learn from mistake. Those mistake I did began, I am realizing now. That's why I want to share it. Perhaps everyone will not agree with me. Every traders have few favorite coins. It's normal fact, but don't love too much any coin it's my logic.

I don't want to mention but I have lost many btc just one coin. Just think it will go more up and didn't sold. In a result price dropped 4X. So I want to say don't love any coin, just sale when you are in profit and go another coin or wait for drop price again and buy it. It's very difficult to recover once drop an Altcoin. One more thing, don't invest your all fund on single coin. It will loss more, who know it will up or drop.

The problem with altcoins is that most of them are just pump-and-dump scheme. And since we entered a bearish trend, every activity now and easily spotted that's why majority have lost their love affair with them just like what you're describing.

I wouldn't say though that we need to 'love' it, we don't need emotional attachment, but rather logical and a well planned trading strategy specially in this kind of market we have been witnessing so far.

[mk4]

I partly agree. It completely depends though, if you're planning on just making profit short term profits, or if you just want to buy bitcoin right now because you're bullish long-term and currently forget about it and do something else. The strategy of selling BTC when it goes high to be able to buy at a lower price isn't a bad idea per se, but a lot of people simply aren't just good with handling their emotions when making trades.

[hahay]

I think that depends, I personally never put all the funds for just one coin even though I like these altcoins. Recently I also put funds on an altcoin that is still developing and it hasn't become popular, but after I bought it the coin lost its value or the price fell. It's often happened so I think it's normal because I just need to wait for the market to recover even though I have to be patient for longer, but most importantly I don't lose out on my investment.

[jubilarian]

Thanks for sharing your tips. Agree that, no one can know when altcoins go up, I also claim benefit when target reached. Hold altcoins are high risky but they can give us higher profits but I am not a luckyman. 

[Infinixhot1996]

I think we've all both lost and gained from either hodling or selling off.
That's one thing with giving advice on trading matters,there is always someone who has gained from that which you're advising others not to do
But nonetheless your advice is cool and it's true to an extent,its best to sell when you're in profits.
And most times its always healthy to own more than one coins,its more like putting your eggs in numerous baskets

[adaseb]

Trading alt coins is like a double-edged sword. They are great because in a bull market they can go up 100x or so. But in a bear-market they are bad because they can lose 99% of its value very quickly.

Many reasons for that, the most common one is lack of liquidity. Hence the reason why they go up so fast and why they come down so fast. BTC has many exchanges and lots of coins in circulation, so that's why it usually didn't go up as fast as some altcoins.

[clickerz]

Re: Don't love any Alt coins.

This is so true, and I learned my lessons but still sometime I am caught up again. Altcoins is very volatile especially token wherein its effect of price is huge when bitcoin slumps. Just hat happen this bearish season, almost 80% or more losses.

[khufuking]

It is a wise thing to know when to get out but you shouldn't really be hard on your self, I think most altcoins is down more than X4 at this market stats, a lot of us got hit by surprise whenever we say ok that's it this is the bottom things get more down, set a new bottom we buy and say that's it and again new bottom, in this current market stats it is really not wise to blame yourself.

[nicster551]

Actually people's learn from mistake. Those mistake I did began, I am realizing now. That's why I want to share it. Perhaps everyone will not agree with me. Every traders have few favorite coins. It's normal fact, but don't love too much any coin it's my logic.

I don't want to mention but I have lost many btc just one coin. Just think it will go more up and didn't sold. In a result price dropped 4X. So I want to say don't love any coin, just sale when you are in profit and go another coin or wait for drop price again and buy it. It's very difficult to recover once drop an Altcoin. One more thing, don't invest your all fund on single coin. It will loss more, who know it will up or drop.

Of course, people often see it as a safe haven to stay at their coins and end up losing it. If I have to join a bounty and get my salary I would sell it immediately.

[ongkok87]

Actually people's learn from mistake. Those mistake I did began, I am realizing now. That's why I want to share it. Perhaps everyone will not agree with me. Every traders have few favorite coins. It's normal fact, but don't love too much any coin it's my logic.

I don't want to mention but I have lost many btc just one coin. Just think it will go more up and didn't sold. In a result price dropped 4X. So I want to say don't love any coin, just sale when you are in profit and go another coin or wait for drop price again and buy it. It's very difficult to recover once drop an Altcoin. One more thing, don't invest your all fund on single coin. It will loss more, who know it will up or drop.

Really, one of my bad experiences is that I have lost more than 60% of my funds when I invest in one coin (I will not mention it), even though we believe that the coin will have good potential at least we keep saving funds or buy other altcoins so the losses we get are not too big.

therefore with your experience that has happened then you are smarter to choose a good or potential place or coin. because the potential coin will definitely produce a good profit

[Pursuer]

I think what you are describing is not about having a favorite coin. the problem is that some people are not trading but convince themselves that they are and that causes the problems. if you are investing then you must have a favorite coin, invest in it then ignore its fluctuations if you truly believe in its future even if you are wrong.

if you are trading then you can still have a favorite coin but holding on to that favorite coin when it is starting to drop is the mistake and then selling it when the drop has ended is an even bigger mistake and the biggest mistake is selling but not buying back when the drop is over!
you see, these little things are making the big differences. and I think people have to decide what they want to do. if you want to trade then be a trader and that requires being active in the market and going in and out as fast as possible.

[proTECH77]

Diversification is the right option which is good for traders and investors but putting in all the eggs in one basket the end result is tantamount to looses. Last year, some of my investment in altcoin worth $800 but i refused to sell hoped to sell at 1000$ plus but unfortunately a month latter it dropped to $300 and at the time of this post it dropped down to 50$ worth.