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Author Topic: Sell your altcoins and tokens TODAY, save yourself the frustration  (Read 4804 times)
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October 05, 2019, 02:16:54 PM
 #41

In any case, I believe in the future of cryptocurrencies, but I must admit that almost 80 percent of all coins in the cryptocurrency market will die after a certain time.  Many projects do not have a real product and today they cannot offer cryptocurrency users or humanity, and the value of certain coins is heated only by speculators in the market.  Based on this, I believe that in any case, you need to get rid of unnecessary coins, which is the main task, since it will be very difficult to choose something promising from the total number in your portfolio.

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October 05, 2019, 02:23:58 PM
 #42

There is no point in selling altcoins when their value went down over 95 percent and we could do nothin about it but hope for the best and pray for the next alt season to come! Well, I can say its totally normal to have frustrations but I guess most of the crypto community  believe on these two famous expressions that says "hope springs eternal" and "it aint over till it over!"  Smiley
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October 05, 2019, 02:31:40 PM
 #43

is this despair? this is bad for someone who might have been in the crypto market for a long time and has already benefited a lot from crypto. if you are new to this market, of course, you will be frustrated waiting for the moment that your assets have returned your capital.
but for a pro trader and investor, they will not give up and take advantage of every small opportunity in the market. those who study can get greater opportunities.

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October 05, 2019, 02:48:42 PM
 #44

I agree that it's better to sell altcoins these days rather than holding them for a long time because most of them lost their value. Unlike potential coins, new altcoins these days aren't that reliable. Some of the altcoins that I'm holding also turned out as shitcoins which I thought could soar high when the market recovers. It's true that we must not give up on holding but some altcoins are really frustrating.

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October 05, 2019, 02:50:04 PM
 #45

I have lots of shitcoins that never get listed on exchanges but also have some that are on exchanges but with very low price, so i have no choice but to hold until the bullrun comes because i believe even shitcoins in bullrun gets pump.

Those who have already bought shitcoins do not have a choice but to hold.

What frustration are you talking about? those who buy at all time high will have no choice but to hold

We do have a choice, that's what this thread is about. Choose to accept that altcoins and tokens are almost all garbage, and that holding them is a loser's game. Choose to sell it now and if you're still willing to gamble in a year or two... you can buy them back at half the price.

Maybe a picture will help to understand this better. This is what you're betting on by holding altcoins:

chart


And if you take liquidity into account it's actually much worse.

There is no point in selling altcoins when their value went down over 95 percent and we could do nothin about it but hope for the best and pray for the next alt season to come! Well, I can say its totally normal to have frustrations but I guess most of the crypto community  believe on these two famous expressions that says "hope springs eternal" and "it aint over till it over!"  Smiley

It's better to get 5% out of it than 4% or 2% or 0. There isn't going to be "alt season" for all current garbage that's out there. Some alts may rise but you don't know which. Likely some new promising tech that may not even exist today. The only known fact is that BTC will still be there.

is this despair? this is bad for someone who might have been in the crypto market for a long time and has already benefited a lot from crypto. if you are new to this market, of course, you will be frustrated waiting for the moment that your assets have returned your capital.
but for a pro trader and investor, they will not give up and take advantage of every small opportunity in the market. those who study can get greater opportunities.

Are you talking about me? I'm not in despair. I sold my altcoins about halfway down that chart. Should have done it sooner but I'm not complaining. That was my opportunity and I took it and I'm now in a far better position than if I was holding.
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October 05, 2019, 03:17:23 PM
 #46

if you sell tokens that you have in this condition the price is still very cheap, it will only make your nominal funds decrease, when trading you should use money that is not too used so you are not too afraid when prices fall like now.

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October 05, 2019, 05:28:16 PM
 #47

I don't think that it is a good idea .
There are shit coins yes but not all of the alt coins are worthless and would end up being dump.
You have been in crypto for a long time now and you should also know that there are some alts that have some potential to grow.
The problem about the new traders is that they would only buy whats on trend or whats hot without knowing the background of the alt coin that they are buying.
Most of them are just picking up randomly and hoping for the price to go up.

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October 05, 2019, 06:14:48 PM
 #48

if you sell tokens that you have in this condition the price is still very cheap, it will only make your nominal funds decrease, when trading you should use money that is not too used so you are not too afraid when prices fall like now.
never sell it your frustation maybe worst when time comes for crpyto

 
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October 06, 2019, 02:12:33 PM
 #49


There is no point in selling altcoins when their value went down over 95 percent and we could do nothin about it but hope for the best and pray for the next alt season to come! Well, I can say its totally normal to have frustrations but I guess most of the crypto community  believe on these two famous expressions that says "hope springs eternal" and "it aint over till it over!"  Smiley

It's better to get 5% out of it than 4% or 2% or 0. There isn't going to be "alt season" for all current garbage that's out there. Some alts may rise but you don't know which. Likely some new promising tech that may not even exist today. The only known fact is that BTC will still be there.

We just don't know what will happen in the future since no one can predict it. I only hold alts that have a working product and maybe this choice of mine will be justified once crypto markets went bullish again. Also, it is highly unlikely that no alt season will ever arrive, and if its true, then there is no point in developing blockchain  innovations needed by most industries in order to grow right now.
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October 06, 2019, 02:46:13 PM
 #50

We just don't know what will happen in the future since no one can predict it. I only hold alts that have a working product and maybe this choice of mine will be justified once crypto markets went bullish again. Also, it is highly unlikely that no alt season will ever arrive, and if its true, then there is no point in developing blockchain  innovations needed by most industries in order to grow right now.

I think you misunderstood me. By "alt season" I mean a big market boom like 2017. I don't think that's gonna happen. There are so many worthless coins and tokens, and smart people with money have hopefully learned the lesson so I doubt there will be trillions of dollars available to lift the whole market.

But innovation can still happen. Some coins will do well. Except 99% of us have no chance of guessing which ones. Even if they have a working product - usually there is like 3 or 4 or 15 competitors. So whatever bags you're holding - they're not going "bullish".
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October 06, 2019, 02:53:19 PM
 #51

The altcoin craze strated during 2017 when almost all the coins were pumping and that time many altcoins gave returns of more than 10x which made many people instantly rich. People are still investing in altcoins with that in the focus. But people tend to forget that many coins which started during that time are dead by now. IMHO altcoins are good for quick gains and profits but aren't safe for long term hodl. With Bitcoin dominance increasing day by day, altcoins aren't that lucrative as an investment. Volume has majorly shifted towards bitcoin.
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October 06, 2019, 03:03:05 PM
 #52

Now it makes no sense to sell your tokens at such low prices, maybe with the next bitcoin pump some of the tokens will also be pumped. They had to be sold in January 2018.

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October 06, 2019, 03:05:59 PM
 #53

For me some altcoins and tokens are trusted then popular already another thing we have future in this because they run for so long period of time so many users,traders and investors are use this by that,Moreover you can study altcoins and tokens for your investment here for me then this brings so much convenience like very useful and helpful

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October 06, 2019, 03:06:15 PM
 #54

Some truth are already known and established, except we feel like deceiving ourselves. Most altcoins in the crypto space are meant to be traded in order to accumulate more established coins, such as BTC, ETH and others, but when trees sets in, instead of gaining, it might be the order way round, losing. Which make me to always conclude that just very few altcoins will last long.
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October 06, 2019, 03:39:35 PM
 #55

I agree that almost 80% of the entire cryptocurrency in the cryptocurrency market is a waste of money.  After a certain time, each user will be convinced of this.  A good idea is to get rid of such cryptocurrencies, and buy the highest rated and most sought after coins.  But there is only one problem, which is who will buy this cryptocurrency if everyone wants to get rid of these bad coins.

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October 06, 2019, 03:47:05 PM
 #56

Now it makes no sense to sell your tokens at such low prices, maybe with the next bitcoin pump some of the tokens will also be pumped. They had to be sold in January 2018.
selling now only to people who intend to secure their money despite losses and then leave the crypto market. those who don't believe in crypto will do that. but for those who still believe, they will have confidence that the market will strengthen again. everyone who survives will wait for it.

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October 06, 2019, 08:08:57 PM
 #57

We just don't know what will happen in the future since no one can predict it. I only hold alts that have a working product and maybe this choice of mine will be justified once crypto markets went bullish again. Also, it is highly unlikely that no alt season will ever arrive, and if its true, then there is no point in developing blockchain  innovations needed by most industries in order to grow right now.

I think you misunderstood me. By "alt season" I mean a big market boom like 2017. I don't think that's gonna happen. There are so many worthless coins and tokens, and smart people with money have hopefully learned the lesson so I doubt there will be trillions of dollars available to lift the whole market.

But innovation can still happen. Some coins will do well. Except 99% of us have no chance of guessing which ones. Even if they have a working product - usually there is like 3 or 4 or 15 competitors. So whatever bags you're holding - they're not going "bullish".
I supported what you said on the OP but the ideal business strategy was not to put all your eggs in one basket which was a smart investor decision in other not to make total lost. There's a lot of shitcoin and there's a lot potential altcoin which have the capacity to take over once total Bitcoin is mine.
Have ever thought that things may change once the total 21millions Bitcoin are mine?

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October 06, 2019, 09:43:35 PM
 #58

You know how this is going to end. You might be trying to lie to yourself, you might be secretly hoping that some token in your "portfolio" that you have 10 million of is going to moon to $50 and make you rich, but let's be real: that is not going to happen. Even the allegedly strong altcoins like LTC or ETH or whatever is cool these days (I've been out of this game for a while) are not doing well and BTC dominance is growing. Which makes sense if you think about it. BTC can do most of what any altcoin can do and the few really useful features that BTC is missing (private transactions for example) are implemented by multiple altcoins, fragmenting their market share.

And the elephant in the room: 99% of altcoins are total garbage. They're called shitcoins for a reason.

Sell your altcoins and tokens. Take the proceeds in BTC, stick it into a cold wallet, keep some online to play around with Lightning and other things that actually matter for real-life stuff, like being able to buy something. When was the last time you were able to use for example Ethereum for something tangible, not to buy some garbage tokens or to play a game?

Do it today. Your grandkids will thank you.
I'm being frustrate to sell my altcoins. My coins price is up 15 times but i got only 2K USD. You should follow rules after coin types and listed exchange. Even now I'm in trouble, token price is positive but still down from ICO price. So still I'm holding my token.

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October 06, 2019, 10:23:52 PM
 #59

For altcoin, I rarely use it for long-term investments. Usually, I only hold it a few days or weeks to trade and take the right timings, at the most two months I hold XLM for being trapped by a fake wall. It's too risky indeed because this is very difficult to predict, another case with bitcoin which already has a very strong niche in the cryptocurrency ecosystem.
For some people, there must be a strong reason why holding altcoin, of course, because opportunities still exist, they dare to take risks. Isn't cryptocurrency full of unpredictable things even considered impossible before?

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October 06, 2019, 10:49:39 PM
 #60

I agree that it's better to sell altcoins these days rather than holding them for a long time because most of them lost their value.
If you are coming to that realization to sell of the alt coins you must do that long before the market valuation took away 90% of the asset valuation in the past two years in the alt coin market, there is no point in selling when the price is this low as the capital loss is really huge. Majority of the projects died and there is no change in majority of the coins but i am not going to sell anything at this point, if there is any recovery then i will gladly sell off the and never enter again nor am i collecting anything now.

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