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Author Topic: Altcoin dilemma.  (Read 834 times)
Gaaara
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June 02, 2020, 03:46:03 PM
 #41

Back to the days when you bought these altcoins, why did you buy them? To sell them in a loss? No probably you saw a big potential there due to the tremendous technology behind them. So continue holding, all of them are working hard to satisfy the investors.  Smiley

I mean all cryptocurrencies back then were at boom each coins are going up and each day their value only gets higher, but same as gravity what goes up must come down and most holder lost their hope on their cryptocurrencies which only made things worse.

Anyways I assume that waiting for it to go back is a optimistic choice but sometimes its better to cut loss than to give yourself false hope and lose it all.

The better option is to give yourself a highest possible and lowest possible margin where if it reaches one withdraw.



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June 02, 2020, 03:57:00 PM
 #42

Back to the days when you bought these altcoins, why did you buy them? To sell them in a loss? No probably you saw a big potential there due to the tremendous technology behind them. So continue holding, all of them are working hard to satisfy the investors.  Smiley

I agree with you, in fact, when one buys an alt it is because he sees potential in the project.
For example, many saw the potential in ethereum, in tron and in eos that make it possible to make smart contracts and dapp.
Now for example I'm looking at LUKSO, a very interesting project.

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June 02, 2020, 04:00:48 PM
 #43

Hi all,

So I had bought a few alts two years ago when we thought that things will keep going up and up. Two years down the line in a pathetic look at my portfolio it hurts. I had gotten in ETH at around 500, ADA at 0.70 and NEO around 80 dollars. What is the best way forward? Sell them and get in lower? modify my portfolio to todays prices or forget them and hope that some day it will go back up?

You have waited to long why not extend it further, if you are following the market, the market is moving fine and stable even if we are in pandemic,
you will be sorry if you sell those coins at this point in time, we just finish the halving and we are waiting for the market to improve and it will not be to long.
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June 02, 2020, 05:03:43 PM
 #44

sorry to hear that,
The coin you choose is good because it has good prospects for use as a long-term investment. Only the current crypto market conditions are not supportive.
I suggest you be patient for a while until the crypto market is skyrocketing again.

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June 02, 2020, 05:13:02 PM
 #45

It is difficult to give you the right advice at the present time. I personally have invested in many altcoins and have failed, my decision is to revise the portfolio. Instead of investing in too many currencies as before, I currently invest only in some of the top coins in the market.
You can refer to my decision, good luck


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cassavachips
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June 02, 2020, 05:21:44 PM
 #46

If you still believe in the project, you can still hold it. Or if you are not sure and see a new opportunity to return the funds, then you can release them.
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June 02, 2020, 05:30:16 PM
 #47

It's sad to see the currencies you hold are all falling. I think at the moment investing in bitcoin is the best option, you can sell some altcoins and focus your investment on bitcoin.


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June 02, 2020, 05:47:11 PM
 #48

Patient friend, because I also experienced the same thing as you feel, for now the right step is to be patient and hold coins in your portfolio until the time comes because if you exchange them now for money then your patience for 2 years will be in vain.
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June 02, 2020, 05:49:23 PM
 #49

Hi all,

So I had bought a few alts two years ago when we thought that things will keep going up and up. Two years down the line in a pathetic look at my portfolio it hurts. I had gotten in ETH at around 500, ADA at 0.70 and NEO around 80 dollars. What is the best way forward? Sell them and get in lower? modify my portfolio to todays prices or forget them and hope that some day it will go back up?
You will not lose it if you do not sell it. The project you mentioned is also still consistently developing so far. There is no reason to sell it.

If you have a job outside of crypto, make a new portfolio with the latest prices, but if not, stay patient.

Withdraw funds if an emergency occurs.
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June 02, 2020, 06:04:00 PM
 #50

You could have jumped out before you lose so badly. And right now, you are at over 50% lose. You shouldn't sell because you have been holding all for years with hope, so why not continue holding.
That's why we have to make believe in our instincts and have to follow it when the situation won't get under control. I would do agree with you not to sell the coins at the moment because if you have held it for a very long time then why would you are selling it right now. Perhaps holding would be become a helpful move.
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June 02, 2020, 06:12:43 PM
 #51

Hi all,

So I had bought a few alts two years ago when we thought that things will keep going up and up. Two years down the line in a pathetic look at my portfolio it hurts. I had gotten in ETH at around 500, ADA at 0.70 and NEO around 80 dollars. What is the best way forward? Sell them and get in lower? modify my portfolio to todays prices or forget them and hope that some day it will go back up?

It very unfortunte you bought those three altcoins at those exubitant prices when compared to the current market situation however I would advice you don't sell them now because you would incure some loses. Please keep them and buy more so as to be active in the market, you might be lucky in the near future when prices will soar.

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June 02, 2020, 07:55:31 PM
 #52

Hi all,

So I had bought a few alts two years ago when we thought that things will keep going up and up. Two years down the line in a pathetic look at my portfolio it hurts. I had gotten in ETH at around 500, ADA at 0.70 and NEO around 80 dollars. What is the best way forward? Sell them and get in lower? modify my portfolio to todays prices or forget them and hope that some day it will go back up?

There are many like you who bought at this price. And now they have lost a lot of funds. I don't think it would be right to sell now that you are in that position. Now be patient and hold your coins. If the market recovers, then there will be a chance to get the funds back. And now if you have some extra funds, you can buy some more coins at a lower price. As a result, if the market recovers, your losses will be recovered quickly. But the risk remains in the crypto market, so don't invest everything.

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June 02, 2020, 08:15:57 PM
 #53

The coins you were investing are pretty decent, I have a bet that it will recover and surpassed their All-time high price. I will only mention NEO ATH is about $200, I guess it is 90% dump from its ATH and it is too late to sell it now because the price is only $12 you will suffer even more. Most altcoins are dependent on Bitcoin so if bitcoin will jump it will bring some altcoins. Your best option is to HODL but the final decision is yours.
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June 02, 2020, 08:38:23 PM
 #54

Back to the days when you bought these altcoins, why did you buy them? To sell them in a loss? No probably you saw a big potential there due to the tremendous technology behind them. So continue holding, all of them are working hard to satisfy the investors.  Smiley

I mean all cryptocurrencies back then were at boom each coins are going up and each day their value only gets higher, but same as gravity what goes up must come down and most holder lost their hope on their cryptocurrencies which only made things worse.
Did I missed something in here? all cryptocurrencies back then are going up? I bet you are only focused to those worthy to mention coins like bitcoin and etherem, coz honestly back then I was an investor on projects, it was good at the first year I had a good returns in good projects there are also regretful ones but then it started to turn tables when 2018 came in, the price of bitcoin is hitting low and so the whole market did. I just disagree partially on the thing you said that cryptocurrencies are all growing even back then.

Anyways I assume that waiting for it to go back is a optimistic choice but sometimes its better to cut loss than to give yourself false hope and lose it all.
There is nothing wrong with cutting your losses, in fact that might save you however also think that you are just losing the value in a specific time, you are just losing from that time it might bounce back, remember patience?

The better option is to give yourself a highest possible and lowest possible margin where if it reaches one withdraw.
But how do you look on the margins? based on your capital or in what you just want to lose or gain?

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June 02, 2020, 08:57:59 PM
 #55

The top 3 altcoin on my list is

Zilliqa
Nimiq
Iotex

Zilliqa was up 168.6% in May alone  Shocked Shocked

Do you're own research and be patient  Grin Grin Grin
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June 02, 2020, 09:17:47 PM
 #56

Hi all,

So I had bought a few alts two years ago when we thought that things will keep going up and up. Two years down the line in a pathetic look at my portfolio it hurts. I had gotten in ETH at around 500, ADA at 0.70 and NEO around 80 dollars. What is the best way forward? Sell them and get in lower? modify my portfolio to todays prices or forget them and hope that some day it will go back up?

There's a general saying in cryptocurrency market that you only lose when you sell at a price lower than your entry point but to be honest, you've done quite a hodling there man.... It's 2 years already but the price seems never to get up higher than your entry points. My advise is for you to sell off whenever the market shows an upsurge and wait till you you see a down movement before getting in again

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June 02, 2020, 11:58:25 PM
 #57

Hi all,

So I had bought a few alts two years ago when we thought that things will keep going up and up. Two years down the line in a pathetic look at my portfolio it hurts. I had gotten in ETH at around 500, ADA at 0.70 and NEO around 80 dollars. What is the best way forward? Sell them and get in lower? modify my portfolio to todays prices or forget them and hope that some day it will go back up?
You have been in this ecosystem for a long time, you should also know that you really understand what you are supposed to do.
It all depends on your decision. If you already benefit at current prices, then sell a portion and enjoy your profits to invest in other investment products that are more stable, for example gold. But if you have not reached the price of the initial capital, then you should wait patiently. If you believe there will be a big pump as a result of halving, then just wait until the alt season comes. If you are not sure then sell it.

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June 03, 2020, 01:48:52 AM
 #58

You are in the situation like other investors who buy due to fomo. They thought the price will continue to rise and disregard the risk of buying at high price. Its hard to see our assets losing its value and cant climb up the way you wanted it to be but thats how crypto works, unpredicted and it takes long period before you can a possible alts bullrun again. I suggest to continue to hold if you dont need the money yet since you already wait longer so have more patience, as the saying good things will come to those who wait.

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restuibu
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June 03, 2020, 01:50:23 AM
 #59

version 2.0 will be coming soon so you should keep hold of the eth you have because many believe it will experience price increases, for other coins you mentioned I don't know maybe you can determine for yourself

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June 03, 2020, 11:06:12 AM
 #60

These are good coins I must say starting from Ethereum followed by ADA and NEO; all these coins have good platforms and good communities as well, also their team are active as can be seen in the case of Ethereum where an upgrade is coming soon, the same with ADA too. With these few points, I would suggest you hold them a bit more as they have a good future ahead of them. But however, if you are still sceptical, you can sell half of each of the coins and hold the rest.
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