playboy654
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Activity: 546
Merit: 32
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January 06, 2019, 08:46:58 PM |
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I love a lot of coins which defends on the project they have and the technology and products they are providing too. I also lost a lot of Bitcoins in certain altcoins but i also earn more in other altcoins too. You have a point though.
That’s really nice and not only you but allot of people are here who earned money with care and skills in trading of bitcoin. I have never tried any other Altcoin but I only use bitcoin that gives me good income. I really appreciate those who keep on investing even at bad days...so I like to apply my skills on bitcoin this year once again. This field and this situation will not allow you to make any steps I hate because we are know the situation is not conveying for us that's why this topic will hear and it will change soon hoping the value will definitely increases for Bitcoin and other cryptocurrency will also beneficial from that.
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Oceat
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January 06, 2019, 09:06:44 PM |
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I always prefer to diversify my own portfolio when it comes to investing in cryptocurrencies. It is safer than investing only in one coin because not all altcoins will have the same price situation when market go down. Prices of some altcoins are still going up even there is a bear market so it is better to buy sone select coins instead of all in.
I like to have more choices in my portfolio because it will help me to know exactly which projects will grow well and which projects will die in the future. We may face a lot of risks, but investing many coins can make us have a better view of this market. Having more choices is a good one too because you have the advantage already to diversify just in case you lost to some of the projects due to their lack of potential. It is recommended here already that the more altcoins you hold the more your chances to gain a good profit. It is not just loving any altcoins, it is how you see the potential of such coins during the making of their projects.
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3996
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WatchMaker
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Merit: 104
PUFFY FINANCE
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January 06, 2019, 11:18:27 PM |
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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.
Great advice, thanks. Like myself I love some altcoins such as Ethereum, Tron, Maker, Decentraland, and BAT. I just like buying and HODLing them until when the market starts burning down which I have no choice but to sell them all.
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last7minutes
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January 07, 2019, 10:15:06 AM |
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The advice not to love any coin is sensible, you are not here to invest your emotion but your money and if you make good decisions, your money increases and with bad decisions you may lose it all!
You do not need to love altcoins, Bitcoin or fiat as soon as it is very strange to show the emotions towards the money or assets. You simply need to know how to pick good tokens that will grow in future.
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Firefox07
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January 07, 2019, 12:16:43 PM |
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Even altcoins are struggling nowadays. I still have good faith on my altcoins. Not all altcoins are bad. There are still some good altcoins that will give us good profit in the future. All we need is to choose the right altcoins to trade or to invest in.
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Hallmader
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January 07, 2019, 12:31:16 PM |
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Well, I hope you were well aware of the risks before you decided to invest in such an altcoin. I don't think you need to generalize the entire altcoin world simply because you failed in a single one. In the first place, there are so many altcoins that made other altcoin investors rich, some others almost overnight. Of course, there were also those who ended up losing instead. You were one of them. Perhaps aside from learning from your own experiences, you also need to learn from the experience of other people. I think the crypto world is so big. There are so many other good coins out there. And, coming from yourself, do not invest everything in one single basket. I totally agree, but it seems you are contradicting your own advice right there. That simply means you need to invest in an altcoin. Because outside Bitcoin, there is no other coin that is not an altcoin.
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marcous
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January 07, 2019, 12:39:21 PM |
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First, don't ever invest your money if it's your main money. a mistake if you invest everything, without thinking that you need the money for your daily needs. And you have to have a decision when the market is crashing and collapse don't hold too much capital. stop loss with a decision to cut losses.
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Misterf
Newbie
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Activity: 50
Merit: 0
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January 07, 2019, 06:42:48 PM |
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First, don't ever invest your money if it's your main money. a mistake if you invest everything, without thinking that you need the money for your daily needs. And you have to have a decision when the market is crashing and collapse don't hold too much capital. stop loss with a decision to cut losses.
Agree it should be risk capital that you can afford to lose.
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MURONDI
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January 09, 2019, 10:06:48 AM |
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Ofcourse i love altcoins buying and holding them but in the past year altcoins kills my money for holding them I don't know why the market not good in 2018 but i move on and take advantage again. I don't really like altcoin, I suffered a lot of losses because I held the altcoin too long, last year I had an altcoin worth approximately $ 40000, now my altcoin value is not more than $ 400, I don't know when the altcoin value will improve..
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manggis97
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Activity: 476
Merit: 10
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January 09, 2019, 10:37:07 AM |
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Yes don't put eggs in one basket, and don't put all money in to crypto because out there any others asset to invest like stocks, real estate etc. With high volatility of crypto we should use money that willing to loss to invest or trade it.
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Savemore
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January 09, 2019, 11:22:20 AM |
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I lose half of my money because of altcoins. Now I know that there are only specific altcoins that are good to hold. We should do research about the altcoins that we want to make investment for us to ensure that we can get high returns.
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strunberg
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January 09, 2019, 12:28:16 PM |
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I lose half of my money because of altcoins. Now I know that there are only specific altcoins that are good to hold. We should do research about the altcoins that we want to make investment for us to ensure that we can get high returns.
good point from your experienced mate.we have to able choosing which is best altcoin to hold or not.although this is not easy, but we have to learn if we want to generate profit in our trades.
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GrayFullbuster
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January 09, 2019, 12:32:50 PM |
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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.
We learned from our mistakes and that's why we keep improving. I know using the knowledge that I got from my past decision. I can now avoid in losses through the use of the information that I gathered. Altcoins are good investment nowadays but we should pick altcoins wisely.
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NewRanger
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January 09, 2019, 03:14:54 PM |
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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.
We learned from our mistakes and that's why we keep improving. I know using the knowledge that I got from my past decision. I can now avoid in losses through the use of the information that I gathered. Altcoins are good investment nowadays but we should pick altcoins wisely. in each our mistakes, we could take good lesson in order to improve our skill.without any mistakes we would not improve at all.and by holding altcoin we will get doubled benefit when crypto market recoverd.
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untugede
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January 09, 2019, 03:29:28 PM |
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I lose half of my money because of altcoins. Now I know that there are only specific altcoins that are good to hold. We should do research about the altcoins that we want to make investment for us to ensure that we can get high returns.
good point from your experienced mate.we have to able choosing which is best altcoin to hold or not.although this is not easy, but we have to learn if we want to generate profit in our trades. that's what we have to do before investing or trading, doing research about the coins we want to buy for investment or trading is very important, don't just come and buy an altcoin for us to invest or trade, for example we don't want to lose the amount of capital we have, and now we just hope that there will be a refund of money to recover the losses we have suffered.
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karloscimot
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January 09, 2019, 06:38:59 PM |
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it doesn't matter if you trust 1 coin that you like, I believe if the trend improves, your assets will also return to the same value. But this is not fun for daily traders. If you have a lot of capital, you can maintain your assets on these coins, and prepare active capital for other coins that can generate quick profits.
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PuertoLibre
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January 09, 2019, 07:41:15 PM |
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it doesn't matter if you trust 1 coin that you like, I believe if the trend improves, your assets will also return to the same value. But this is not fun for daily traders. If you have a lot of capital, you can maintain your assets on these coins, and prepare active capital for other coins that can generate quick profits.
We trade them and holding till getting profit works imo. Hodl doesn't mean to fall in love with crypto. Day trading requires capital and strong psychology. Traders usually buy low and sell high in order to minimize risks and maximize rewards. Jumping from one to another coin is risky and gaining quick profits aren't reliable method for guys with big balances.
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Malamok101
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Proof-of-Stake Blockchain Network
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January 10, 2019, 01:48:39 PM |
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exactly. Don't put all eggs in one basket, isn't this a default operation? Traders who put too much in one coin is paranoid. Not everyone can be a pro, or a legend. Know your limitation.
That' right maybe some of them don't even know how to trade correctly and if the price will dump they don't know how to manage it.
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Goodvalony
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January 10, 2019, 06:08:04 PM |
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i think you have a point here. 80% of all the Altcoins i bought are 5x down. No movement. i am really stuck. i can not make any trading. i don't want to use my fiat money to buy tokens Again. it looks terrible. i rather invest in bitcoins or Eth. apart from these two coins. the rest are Nothing. No wonder some professional ONLY Believe in bitcoin.
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darkr
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January 11, 2019, 11:09:05 AM |
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Each person trading and investing in a cryptocurrency must decide for himself whether to trade or hold altcoins. I have an investment portfolio in which there are altcoins and I periodically sell them and buy new ones.
You can combine trading and holding - I do not see any problem here. Pick the altcoins with low market capitalization to trade them, and hodl such cryptos like Bitcoin, Ethereum, Monero.
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