Don't love any Alt coins.

[BitHodler]

It is a wise thing to know when to get out but you shouldn't really be hard on your self

It's impossible to exit with a satisfied state of mind. If you sell at $100 and the price pumps further to $150 you'll regret having sold and are likely to buy back in at those higher levels to make sure you don't lose out again.

Trading and investing are psychological events mostly netting nothing but disappointment. The only way for you to be satisfied with what you do is to sell the top and see the price tank hard from that point.

I gave up on trading and short term investing because of that. It's really not worth it. I rather keep accumulating and hodl through every correction and bear market to end with much better results a year or two later.

[1715053077]

1715053077

[1715053077]

1715053077

[Joyawan13]

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, everyone be free to invest or trade with several altcoins, but we really need to be able to do research on the altcoins we want to invest, so we really need to be careful when choosing altcoins for us to make long-term investments, different like we do day trading, which if we already have profits we can sell it and can buy other coins or we can wait again when the decline, profit or loss depends on each of us who run everything.

[The Sceptical Chymist]

It's normal fact, but don't love too much any coin it's my logic.

That's good advice for any trader in any market, actually.  I've seen stock traders fall in love with certain stocks to the point that they hold onto them until the company goes bankrupt and they lose everything.  And as far as crypto goes, I'm not sure how anyone can get attached to any of the new shitcoins coming out, because IMO they're all just a bunch of garbage and I have yet to hear of one that has any advantage over bitcoin or even ETH. 

The general idea is do not mix emotions when trading.
Always judge based in the foundamentals and the technicalities.

I agree, emotions are liabilities to any trader, and they normally appear as greed or fear.  As to your second point, how the hell does one judge the "fundamentals" of a shitcoin?  Most are just ripoffs of something better, and I think all the good ones have already been created.  If and when something comes along that's better than bitcoin or ETH, by all means invest in it.  Until then any money you put into the shitcoin market is just gambling.  There aren't any fundamentals to analyze as far as I'm concerned.

[MULTIK888]

Whatever coin you buy in a falling market it is simply impossible to make a profit. Learn how to trade and your investment at least will not be lost in huge quantities. Fixation of losses, control of your deposits-will help you to save your money much better than the position to buy and hold until the last.

[Kotone]

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 that's definitely right. It's like you're putting your emotions into it thus you're attracting the number one enemy of trading and investing which is emotion. Those successful in money related things are experts in controlling their emotions as well as the emotions of others. Just always be objective in any trades that you want to enter into.

[Transformbitz]

If you love long term this is the place you can have. Just be prepared whenever price goes up or go down. Analyze every coins you really wanted to keep. Yes Diversification is the key.

[astridwi]

I agree with you where a trader must be more realistic about changes in potential coin trends because they need profits, loyalty to a coin will disrupt the analysis and decision making in trading and that has happened to me, where I bought NANO in the middle of 2017 when it is not worth , then they increased rapidly until the end of 2017 and the value reached $ 36 and I am profitable thousands of percent. I am too loyal to coins and greedy so that I do HOLD until October 2018, coins and communities only give a value of $1-3 for NANO and that hurts me. but by trading I am more aware and realistic where a trader plays a little different than a loyal investor in crypto

[Vindesael]

don't affraid the market will rise again bro

[Xising]

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.

That depends. I mean, yes, there are so many altcoins that are losing value and are dying out day in and day out. However, we should remember that although Bitcoin is the movant and the main coin that affects the market, it's the Altcoin that gives it life and vibrancy, plus it is actually the one that supplies all movements in the market since most people are hellbent in holding their Bitcoins until the last minute. If not for Altcoin movements, I think the market have died way before, so if you feel that they are useless now, I suggest you just find those that have better chances of prospering.

[emberbekas]

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.

That's why we need targets every time we make a buy order. And as soon as our target is reached, we get the profit as planned, we have to sell it as soon as possible. And then wait for the next entry point to start making another buy order with another target. If we continue to hold our coins while the price has jumped significantly, then we can lose momentum. If the meaning of 'love' is to keep coins, no matter what happens, then I'm not the type of person like that.

[creeps]

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 experience this one and its really because after holding on that coin, the profit is gone forever, its really hard for an altcoins to bounce back so I support this one, don't ever hold coins for good always set your target price and be true on that. Always set limits, whether its a buying or selling price because in this market volatility is very high and there is no constant aside from change. Don't get too much emotion in every coin, remember that your goal is to make profit and not to lose big money.

don't affraid the market will rise again bro

In due time, but for now we have to learn from all our experiences this year and be better in the coming years.

[wuvdoll]

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.

When the future of any coin is unpredictable then why we must take them personally. Yes, we must have any coin in our portfolio for making profits and not due to having some personal intention toward that coin like it will fetch you millions in the future. Because, only when your expectations are big, you may start loving that coin. Just have them for the reason of diversification otherwise just stick within bitcoins but you may love bitcoins always.

If we continue to hold our coins while the price has jumped significantly, then we can lose momentum. If the meaning of 'love' is to keep coins, no matter what happens, then I'm not the type of person like that.

Yes he used the term 'love' to denote, investing heavily into coin and holding that infinitely for big targets. Here, it sounds like becoming greedy due to overconfident. It is just another emotion failure. We must stick within our trading plans always otherwise disasters are unavoidable.

[Hamza013]

Thanks for the advice. Just like the saying goes 'do not put all your eggs in one basket. They are risks involved in trading.

[CryptoReggae]

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.

Bitcoin will be back on, probably in a few months / year, so many alt will die forever.

Bitcoin is and will remain the undisputed RE

[Marshall14]

don't affraid the market will rise again bro

We're not talking about a rise in the market here, OP is stressing a point about investing in the right coins and not the ones you "love" or subscribe to

Back to topic:There is nothing to love in a coin, even the bitcoin per se, it's all about maximizing profits from that available ones, and whichever is giving you profits at a particular time,you could tend to fall in "love" with it
Most people have earned a lot from the bitcoin,and the moment there is a crash,they start cursing and swearing
So it's absolutely about profits,and for now I can see no other than bitcoin or the Eth being profitable

[herurist]

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 love what I do but not the product ( coins ), that's rules in business world. Increase asset value and skill is our aim and use the product wisely, not love it until we can't let it go. This year I learn about it not easy but now I know the limit, not to become rich guy but better person.

[glowing10]

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.

Bitcoin will be back on, probably in a few months / year, so many alt will die forever.

Bitcoin is and will remain the undisputed RE

Btc is then king of all coins so it will always be the leading market maker . All the alt coins which does not have any use or good team to manage it will become worthless and many would not benefit even listed after this ICO’s. So just consider top altcoins market cap wise in current market to buy it .

[el kaka22]

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.

That's one of the biggest mistakes we all do, we love crypto so much that we forget this is a technical financial thing and put our emotions into it and in the end when we love something it breaks our hearts. I loved nano to death, nano is still my favorite coin ever considering it actually manages to send millions of dollars and the transaction is both free and takes only milliseconds.

That basically solves the transaction fee problem all together and is a much much needed thing in all of crypto however just because I believed in the project I did not checked the indicators and never really cared about what others said and now it is less than a dollar whereas it was 34 dollars at one point.

We sometimes forget to look at the technical details and that is why we are doomed to lose money. Look at crypto as an investment, not as a project you want to contribute to.

[Indrawan77]

Its actually depends on the coin, some of the coin hold a big potential, but the usage of the alt coin is very limited, it is really difficult to make the price go up and growth if the adoption is limited, and usually the developers only created the coin to be dump, so once its dump then it will be hard to go up again

[SyrulRamadhan]

yes agree, it is difficult if you only hope for one coin because the risk for loss is greater even if the price of the coin rises then get a big profit but it is safer to invest your money in a few coins so that if one coin loses it can be replaced by another profit