If Altcoins Won't Moon Can't I Just Short the Hell Outta Them???

[Adriano2010]

I don't know any website like you need, butaybe if you search more you can find one, but make sure is a legit one and not a scam so you lose all coins, i also hold the altcoins i have but still not have any sign that will grow and i will hold for more who know, if i sell now i will how really low amount for all of them.

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[iamsange]

OP wait for a months, i think for altcoins, not all altcoins only bigger one maybe still worth to wait. And the others, don't waste your time, when you see it is profit, or when you lose, as long you can get your capital back, then out from that coin. For me now i change only to big coins in coinmarketcap and hold it.

[Free1bitco.in]

The key to success in trading is to be patient. Yes, when we have bought a coin and until today the price is not maximal or even minus, I think we should be patient, and always remember everything has a time, I think the bull run in this year will be a bit late, but it's certain that the time we hope will come too. And see now all the markets are green, BTC or altcoin, when it's good to play our techniques and predictions, you should hold your altcoin that you already have.

Well, if he asks for advice on the best altcoin, I think he can see the top coins in Coinmarketcap. however, currently having bitcoin or altcoin is quite beneficial. if in the future altcoin does not rise, then it could be a dead-end for the holder. because of this, I suggest holding coins that have great potential, especially coins that are above 10 coin marketcap.

[Bezobraznike]

OP wait for a months, i think for altcoins, not all altcoins only bigger one maybe still worth to wait. And the others, don't waste your time, when you see it is profit, or when you lose, as long you can get your capital back, then out from that coin. For me now i change only to big coins in coinmarketcap and hold it.

   Months are nothing for holding, he need to wait for years and only then to come up with this statement. Few months in business
world are too short for big changes that most of us here expect.
   I wouldn't sell now, from June until now Bitcoin dropped, like all other coins, most of them had their top price in June, for 2019 I mean.
Prices will go have higher top in 2020 than in 2019, I believe that, we need to wait for the middle of this year before we make any
decisions for shorting and selling.

[Pelunize12]

If you look for centralized, then there are many options here
Major big exchanges have that feature, Binance, Bitmex, Bitfinex, etc

For decentralized one, I never know it. Even I ever read that smart contract cant do leverage.  
I read here : https://cointelegraph.com/explained/dex-explained/amp

[leea-1334]

Everyone will feel sorry after seeing the value of their assets drop dramatically, but I personally will continue to hold the coins that I bought in 2018 ago, Because I'm sure the Altcoin season will definitely come soon after this year's Halving is over.

Same thing people said in 2018, and in 2019,,, but just because it has been a long wait does not mean the time for a bull run will come closer. If you think about it, altcoin season is not an altcoin season but a one-time altcoin boom. If it comes again anyway, there is no way alts will 1000x like the did in 2017!

[michellee]

If you think that what you hold right now is not worth it for you, you can sell it right now, but you don't have to be sad if you see the coin that you held before start to increase. We can only suggest you hold for more because you already do that from a few years ago, and that will not be a problem if you hold for longer. I am sure in the end, and you will see your profit will come to you, and you will have a chance to recover your losses. But that is up to you, and we cannot force you to follow our suggestion.

[darewaller]

OP wait for a months, i think for altcoins, not all altcoins only bigger one maybe still worth to wait. And the others, don't waste your time, when you see it is profit, or when you lose, as long you can get your capital back, then out from that coin. For me now i change only to big coins in coinmarketcap and hold it.

Holding some of the major coins is always good for the sake of our future but what about our present? We do need to find some source to make us land up in profits even in our present situation and in such situation those coins might be useful if you have deep knowledge about how to trade them.

Holding most of the higher position coins might be useful but only for long term. It is better if we try to short them for short term so that we can gain some profit. And also I agree with you that we might sell our coins who are on a descending graph and also if their volume decreases. We should immediately sell those coins even if they are at the price we bought them because chances of such coins having a dump in the market is larger which might not at all give us benefits.

[Kersh768]

I waited for alt season for many months now and it seems that instead of a bull run, all I do is bleed. So, I'm thinking this hodling thing ain't working for me anymore, is there any decentralized platform that allows me to short all possible altcoins out there? It's time to bet against the market.

Unfortunately, for now, I'm only aware of the fulcrum.trade leveraging platform. It only allows me to short a few cryptos: Eth, WBTC, LINK, ZRX and KNC. Need another one with more options.

Any ideas guys?

It seems that you have already get into the limit of your patience into holding your assets for a long time around. Well, I cannot blame you for having a mindset like that because it seems that you have already a hard time on keep on holding into your assets. We all have different views into the different behavior the market is showing us so we also do have different approach on how we will handle the situation. Well, if you have already decided on what to do with you assets, still the decision will be up into you since you have the right to do such. But if you will just be sorting out those unworthy coins, those that are not good for long term holding from those that have potential and leaving them for good, it will be a good move so sell out your undervalued or unworthy coins to use the to purchase more potential Altcoins. When it comes to leverage, I haven't been into such because holding still takes effect on me. It just take some time and patience and I have strong belief into my assets so I do not worry because for me good things come in perfect time.

[Divinespark]

You have been holding altcoin long since the bear market started and you have not cut a loss. And now the altcoin price has bottomed out and your mind wants to give up all because of your depression. Try to hold them for a few more months, The market is going up and certainly this year altcoins will be pumped. I'm not sure the price will go as high as 2017 but at least it will be many times higher than it is now. Be patient and wait a while longer

[lionheart78]

I waited for alt season for many months now and it seems that instead of a bull run, all I do is bleed. So, I'm thinking this hodling thing ain't working for me anymore, is there any decentralized platform that allows me to short all possible altcoins out there? It's time to bet against the market.

Unfortunately, for now, I'm only aware of the fulcrum.trade leveraging platform. It only allows me to short a few cryptos: Eth, WBTC, LINK, ZRX and KNC. Need another one with more options.

Any ideas guys?

It is up to you.  No matter what your decision is, we won't be affected but I wanted to say one thing.  Are you good even though you are selling your altcoin at a loss?  If yes then go on, but if you are half-hearted then give it another year or wait for Bitcoin to finish its rally.  Then probably by that time altcoin season will occur.

[reallester]

I waited for alt season for many months now and it seems that instead of a bull run, all I do is bleed. So, I'm thinking this hodling thing ain't working for me anymore, is there any decentralized platform that allows me to short all possible altcoins out there? It's time to bet against the market.

Unfortunately, for now, I'm only aware of the fulcrum.trade leveraging platform. It only allows me to short a few cryptos: Eth, WBTC, LINK, ZRX and KNC. Need another one with more options.

Any ideas guys?

Holding altcoins has to do with a lot of patience. In fact, ever since I started crypto, holding has never worked for me. All my alts end  up bleeding to death. I began to realise that these alts have their own season. And only the patient enjoys this season.

[magneto]

If you think that what you hold right now is not worth it for you, you can sell it right now, but you don't have to be sad if you see the coin that you held before start to increase. We can only suggest you hold for more because you already do that from a few years ago, and that will not be a problem if you hold for longer. I am sure in the end, and you will see your profit will come to you, and you will have a chance to recover your losses. But that is up to you, and we cannot force you to follow our suggestion.

He's not talking about selling. He's talking about shorting.

I personally think that shorting is a very dumb idea right now, unless you genuine think that the markets will somehow stay put for a long while under $9k (in which case, you can get interest payments from the long position holders on platforms such as Deribit and Bitmex), or it will decrease significantly from this current level (unlikely).

Plus, your leveraged positions can go south very easily since every loss is magnified. In this volatile market I'd recommend against it.

[iamsange]

OP wait for a months, i think for altcoins, not all altcoins only bigger one maybe still worth to wait. And the others, don't waste your time, when you see it is profit, or when you lose, as long you can get your capital back, then out from that coin. For me now i change only to big coins in coinmarketcap and hold it.

Holding some of the major coins is always good for the sake of our future but what about our present? We do need to find some source to make us land up in profits even in our present situation and in such situation those coins might be useful if you have deep knowledge about how to trade them.

Holding most of the higher position coins might be useful but only for long term. It is better if we try to short them for short term so that we can gain some profit. And also I agree with you that we might sell our coins who are on a descending graph and also if their volume decreases. We should immediately sell those coins even if they are at the price we bought them because chances of such coins having a dump in the market is larger which might not at all give us benefits.

For present, and for people who don't have deep knowledge like me, i wouldn't use all money to do trading, so for my current life i live with my real job salary and we must know not all of us can only rely in trading activity to fulfill our daily needs.

[fullhdpixel]

I waited for alt season for many months now and it seems that instead of a bull run, all I do is bleed. So, I'm thinking this hodling thing ain't working for me anymore, is there any decentralized platform that allows me to short all possible altcoins out there? It's time to bet against the market.

Unfortunately, for now, I'm only aware of the fulcrum.trade leveraging platform. It only allows me to short a few cryptos: Eth, WBTC, LINK, ZRX and KNC. Need another one with more options.

Any ideas guys?

I have not yet went through any such platform which allows you to short a number of altcoins. I am using Binance Leverage trading platform but even it only allows us to short few coin. You can try shorting them on exchanges where you see you could make profits. It is better to perform short term trading even in the bearish markets so that we could at least earn few bucks rather than waiting for the coin to pump.

I am performing short term trades for few coins which are on the bearish side and they are giving me profits but I need to keep watching the price graphs continuously and find smaller gaps to quickly buy and less. All my hopes are on the bull markets which should really arrive soon.

[olumyd]

...

Any ideas guys?

It is up to you.  No matter what your decision is, we won't be affected but I wanted to say one thing.  Are you good even though you are selling your altcoin at a loss?  If yes then go on, but if you are half-hearted then give it another year or wait for Bitcoin to finish its rally.  Then probably by that time altcoin season will occur.

I guess I will just sit on a stash of alts until they gain new all-time highs, otherwise, this would have been a total waste of time. And mind you I did research them and thought they'd be credible and perhaps contribute substantially to the crypto space.

[Byakuga]

It looks more like new altcoin season is getting more nearer, why don't you just hold on or sell some of your altcoins for bitcoin? The way i see things now i thing altcoins will be back very soon, what you need more now is patience

[StephenieDuong]

You can short lots of altcoin at Gate exchange, you have try this exchange and they have fast withdraw/deposit system. But i guess that short altcoin at this point might be dangerous because altcoin been push into the dip for too long and its can pop anytime.

[qwizzie]

The fastest way to loose your money is to short in a changing market sentiment, where you end up basically betting against the market.

[Pelunize12]

Short is one of strategy to get profit. I think, it is good if you can do that
You have to understand risk management well before doing short trading. Bcz it is very risky
If you dont have good money management, you will possible to lose all of your money