There has never been a worse time to hold altcoins

[pereira4]

Stop deluding yourselves, the altcoin market is not coming back, and if it does come back, you better dump whatever you have left because there are no chances of it pumping ever again beyond an exit scam. Smart money has learned to stop pumping shitcoins. Altcoin continue to sink against BTC. Dollar valuations don't matter because altcoins have no liquidity outside of BTC, so with BTC pairs going down you are going to lose purchasing power during the process. And still, they eventually keep going down against assorted fiats too.

Bottomline is, you are holding a massive hot potatoes bag by having a diversified "crypto portfolio" in altcoins. Sure there will always be the odd ones that pump, but that's worse than going to the casino. You might as well trade regulated penny stocks if you want to bet on low caps going to the moon, where there are less chances of getting screwed over by massive scammers. At least you surely lower exchange rate risk (and most of those shitcoins are listed in shady exchanges).

[befriendmywater]

really sad but this is the truth. I am one of the people who believe in alts technology and now I have to face the biggest loss ever. But never mind, don't worry, alts' value is only underestimated this year. next year, I believe the top alts will grow strongly again and Bitcoin will sideway at $ 10k.

[Ranly123]

I am not delusional but I still believe that altcoins will have it's glory days coming back. Looking at the graph you showed, it's really hard for altcoins to recover but it's a nature of cryptocurrency to have ups and downs that we may can't predict when it will come.

[coin-investor]

If I have away and there are exchanges where I can dump these shitcoins that has been in my wallet for months I would have done it, right now I;m still in a look for a way to dump, there's no hope, developers have their money so they can go on vacation while we wait to hope for a miracle to happen.

This is indeed the worst time since I came in here, two years ago my mantra was HODL HODL now it was replace by DUMP DUMP.

[Juliedarwin]

I am not delusional but I still believe that altcoins will have it's glory days coming back. Looking at the graph you showed, it's really hard for altcoins to recover but it's a nature of cryptocurrency to have ups and downs that we may can't predict when it will come.==

Yes that's right. We don't need to be a delusion person to get what we want in easy way. And yeah we never loss hope that someday altcoins will have a good news and have a pretty good value price. So lets be continue to support and be patient a bit time of it.

[GREENch]

The graph looks depressing, but in addition to the picture reinforces your position on altcoins, I have not heard reasoned arguments in favor of the fact that it is necessary to get rid of them right now.

[Winscosinally]

Altcoins investment is very depressing this year, i have lost 95percent of my invested money on altcoins, not a single one is smiling in my wallet,there is nothing i can do to change it than accept my present loss and wait for what to come in near future

[crazy-pilot]

Now is really a bad time for altcoins, but this is not the end. I don't agree with you, buddy. I still believe in the altcoin season like so many others. I do not believe that altcoins will not grow, cryptocurrencies are too young to draw such conclusions.

[rosezionjohn]

As expected, many will be biased because they're holding altcoins. It's hard to be objective when all you wanted is to recover those losses and there's nothing that can be done but to believe hope.

Take a look at bitcoin dominance and that should give us a clue. 

[Upgrade00]

Crypto enthusiasts have the tendency to lump altcoins together. I have been trading altcoins for almost two years, and some projects have been steadily giving me profits, even during the bear period of BTC, it's almost about finding the right project and sticking to it.

ICOs are largely passed and new developers would struggle to raise funds for their projects, but already existing ones with a good use case offers investors options in revenue and also it's application

[Decksperiment]

Now is really a bad time for altcoins, but this is not the end. I don't agree with you, buddy. I still believe in the altcoin season like so many others. I do not believe that altcoins will not grow, cryptocurrencies are too young to draw such conclusions.

I agree! I've seen a lot of notable altcoins with very good development yet their prices are almost critically very low and alarming but somehow the community still managed to hold onto these coins believing that its own good foundations  will hopefully revive its market price very soon.

[DarkDays]

Well, it really depends when you bought in.

If you have been holding altcoins since late 2017/early 2018, then you are almost certainly completely rekt by now.

However, if you bought certain ones at the start of the year respective runs, then you could have gained against BTC. I mean, Stellar (XLM) and Ethereum (ETH) are both up significantly against BTC over the short term.

Be smart, get in and out quick, only BTC is safe to hold long term.

[Nasonn]

Looking at the charts one will assume it's almost impossible, there might another dump in the altcoin ma ket but it will surely recover with time if time travellers records are correct about 2020 for Btc dominance.

[Ucy]

What matters to you most Op, price or technology? I am way more interested in useful features that works on decentralized project. If a good cryptocurrency goes to zero but still serves a useful purpose then I won't worry much about the price.
Any coin that offers something great in the future will do great. We are becoming too focused on price instead of merit

[vanya.pronin.1983]

It is only the matter of time until altcoins would make it to the top again. If you think positive, you may see a great chance for grabbing some alts for the best prices. But generally speaking, you are absolutely right, 2018 and 2019 is a complete disaster for altcoin holders.

[Byakuga]

This present altcoin market is heart breaking and discouraging but i refuse to belief that my altcoins won't recover, just because there is 90% loss doesn't mean its the end for all altcoin, i refuse to give up now

[pereira4]

The graph looks depressing, but in addition to the picture reinforces your position on altcoins, I have not heard reasoned arguments in favor of the fact that it is necessary to get rid of them right now.

I offered you the only sane argument I can think off: Whales which are still stuck within the 2017 crash holding huge amounts of altcoin bags, planning to do the last exist scam within the next Bitcoin rally. As noobs look at "coinmarketcap" while Bitcoin is on mainstream news when it's about to hit ATH as usual, those whales may attempt to confuse the noob by luring them into buying some of those pumping shitcoins, only to dump on them bigly. This may be the last time for bagholders to leave the crazy train formerly known as "cryptocurrency diversification".

Other than this theoretical exit scam pump, I can't think of fundamentals strong enough for altcoins to maintain any sort of positive traction long end, and this includes Ethereum, Litecoin, Monero and the usual suspects. The ball is on your court to argument why should anyone bother having serious long term hold positions on any of that.

[Mysteryla]

Even if I propose or plan to dump, do they really worth something? This is the question I ask myself whenever I have the opportunity to dump, which is why I still end up holding some of them. Imagine selling and not being able to withdraw. Sometimes, the gas fee might have taken bulk of the whole cost.
It is a hard decision to make.

[bigcash2011]

I know what you are saying and can feel your disappointment and personally i do think that the worst for alts is yet to come because btc is just gearing up for next parabolic run which will send alts under extreme pressure and possibly more dumps, there is only one hope and the only thing that can help alts to survive is the overall market cap. If the volume in market also grows proportionally or even higher than the growth of btc then we may see alts surviving around the current levels and may be grow in terms of fiat so we can just hope that market sees massive new volumes in coming months to support both btc and alts.

[poornamelessme]

The simple answer to all of this is... it's not so simple. You can't claim anything in regard to crypto as a fact -- nobody knows where the markets will go. Those who state altcoins will never recover are those who simply hold BTC. Those who claim Alts will skyrocket once again, hold Alts.

All we can do is look at past history, and typically crypto works in cycles. BTC has its day, Alts have their day.

As for the charts, it's not like BTC is immune to any of this. It's still down like 50% from its previous highs. Sure, right now it's doing better than alts, but if you time the market right, it doesn't mean alts can't be profitable. I could just as easily say, get out of BTC now, it's doomed to failure, over half of your money lost! Go to gold, silver, stocks, as BTC is on shady exchanges that will steal your money! (No idea why the OP acted like all alts are on shady exchanges, most decent ones like coinbase, binance and so on handle both BTC and a zillion alts).