masterrex
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October 27, 2020, 01:47:00 PM |
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Yes, I agree with that observation mate, Because I'm also experienced that feeling during 2018, Honestly speaking I'm just only speculating to buy and hold some new altcoins in my portfolio without proper researched and hoping that in 2019 there will be another bull run, but when 2019 arrives most of my holdings are already worthless, but I learned my mistakes now thats why I'm taking extra precaution while buying and holding altcoins and when I see something wrong I immediately sell it to avoid further losses.
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Quintrix
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October 27, 2020, 01:49:47 PM |
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Altcoins are really scary, if you can do some research you will see many good altcoins that had very good start and value in 2018 and are still alive today but we never heard anything good from them anymore for some reasons, they are now like ghosts, honestly altcoin investment is more scary, this is why its better to always take profit, most especially from new altcoins, Profit is Profit, either big or small.
And the scenario is not changing there are still a lot of new coins coming in the market some of them launching ICO, they are still trying to squeeze money from investors, it's almost like an endless cycle we never know when it's going to end, maybe it will end if investors become wise enough not to invest on projects that looks shady.
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Arkann
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October 27, 2020, 03:43:22 PM |
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Altcoins are really scary, if you can do some research you will see many good altcoins that had very good start and value in 2018 and are still alive today but we never heard anything good from them anymore for some reasons, they are now like ghosts, honestly altcoin investment is more scary, this is why its better to always take profit, most especially from new altcoins, Profit is Profit, either big or small.
And the scenario is not changing there are still a lot of new coins coming in the market some of them launching ICO, they are still trying to squeeze money from investors, it's almost like an endless cycle we never know when it's going to end, maybe it will end if investors become wise enough not to invest on projects that looks shady. I believe that the CoinMarketCap rating has long been showing real cryptocurrencies that are trusted in the cryptocurrency market and that have real prospects for the future. I believe that up to this day, everything that could be created the best has already been created. Even the most popular DeFi projects today, which create excitement in the cryptocurrency market, are not very different from ICOs and will have the same results and consequences as in 2018.
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sana54210
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October 27, 2020, 04:19:40 PM |
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Taking profit as quickly as you can is basically the way to go with altcoin trading, there is no need to keep this type of profit going for a long time or hold some small obscure coin, there is too much risk involved and there is nothing big going on in most of them so whenever you take a small profit out of it that should be enough for you.
Obviously I am not saying you should be not trading at all, you should be doing that, but if you make like 10 bucks profit on a 1000 dollar investment, even that would be enough, do not hope for huge gains. There are few out there who would make you tons of profit, 10-20% even more but those are rare, so if you can get even 1% profit just get out when you can. Do your investments long term only on established coins that has been around for a while.
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bunglor
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October 27, 2020, 05:11:31 PM |
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Altcoins are really scary, if you can do some research you will see many good altcoins that had very good start and value in 2018 and are still alive today but we never heard anything good from them anymore for some reasons, they are now like ghosts, honestly altcoin investment is more scary, this is why its better to always take profit, most especially from new altcoins, Profit is Profit, either big or small.
i think you were thinking to new altcoins honestly i can tell you that most of them are unsuccessful if you up just for the profit better buy altcoins with huge volume in the market and trade on it but if you wanted to support projects that's the only time you will invest to the project in the start.
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republicrypto
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Keep it Simple guys :)
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October 27, 2020, 05:14:51 PM Last edit: October 28, 2020, 05:26:13 PM by republicrypto |
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Altcoins are really scary, if you can do some research you will see many good altcoins that had very good start and value in 2018 and are still alive today but we never heard anything good from them anymore for some reasons, they are now like ghosts, honestly altcoin investment is more scary, this is why its better to always take profit, most especially from new altcoins, Profit is Profit, either big or small.
too scary if we choose the wrong altcoins, but if we choose and drop our money in the right altcoins, such as ethereum, binance coin, polkadot and chainlink altcoins become a good bread to eat roti yang enak regards
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Mahdirakib
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October 27, 2020, 05:49:56 PM |
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~ honestly altcoin investment is more scary, this is why its better utto always take profit, most especially from new altcoins, ~
It is scary if you invest in new altcoins. There are few top altcoins in marketcap and those coins really doing well since launch. New coins may help you to get big profit but not guaranteed. Even you can loss your money by investing in scam project. It's true that a lot of crypto haven't showed any good movement after the first few months of 2018. Just avoid those dead coin. Choose the top alts which have strong position and try to make profit slowly but surely from them. You need to provide hard effort for doing this.
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MCDev
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October 27, 2020, 06:08:18 PM |
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Because anyone can issue their own coin, junk altcoins are popping up everywhere and many people lose money because of them. But we cannot conclude that all altcoin projects are trash and not worth investing in. There are still a lot of good altcoins working in the crypto market, you can see that the coins in the top 20 of the market are pretty good altcoins.
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J1mb0
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October 27, 2020, 06:11:12 PM |
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yes, that's what must be done at this time. predicting the current altcoin price is very difficult, although actually holding altcoins allows us to get many times the advantage of holding bitcoin. the sheer number of new altcoins has instead left traders and investors a little overwhelmed choosing which ones are worth holding. I like your proverb ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) The cryptocurrency market will become monotonous without altcoin projects, then perhaps bitcoin will rise in price to $ 100,000. Investing in altcoin may seem risky but it also brings a lot of profit, if we have enough knowledge and experience to choose a good altcoin project we will surely reap great profits.
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xZork
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October 27, 2020, 06:31:55 PM |
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that is a very true statement. If you look at the situation from the past, it's better to take big or small profits, because that's better. it's just that sometimes the potential of an altcoin is quite large, and many people prefer to hold back rather than take a small profit. things like this also very much happened from 2017 to 2019. the proof is that until now there are still many people who hold back altcoins that used to choose high prices, but have not been sold until now, and are still waiting for the price to rise again.
Most altcoin projects once turned into a pile of trash it will never return, those who are trying to wait for it to come back are only disappointed. The best way to deal with such coins is to sell it now, of course the investor will suffer a heavy loss but it is more than losing everything.
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Chuky92
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October 27, 2020, 06:39:21 PM |
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Altcoins are really scary, if you can do some research you will see many good altcoins that had very good start and value in 2018 and are still alive today but we never heard anything good from them anymore for some reasons, they are now like ghosts, honestly altcoin investment is more scary, this is why its better to always take profit, most especially from new altcoins, Profit is Profit, either big or small.
This is true, altcoins or rather a good number of them are really something else. 2018 is even far, let's talk about this year alone, going through many telegram groups you will see that in many projects today nothing is happening, no presence of the team, no development, no platform updates and so on, and you will just be wondering what the fate of those who invested because they believed will be. Or about those who are still holding, what they will be thinking of. Most telegram groups today are dead, spam messages here and there, while the coin keeps dropping in value. Therefore, having all these in mind, I totally agree with you, profit is profit, and it's good to learn when to sell and exit a project. On the other hand, there are still altcoins which are worth holding, this starts with Ethereum, BNB and so on.
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pungopete468
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October 27, 2020, 06:57:55 PM |
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Yes a profit is a profit don't let the greediness consume you I've realized it before I became too greedy with the coins I'm holding and one day I realized that the coins is falling continuously and instead of earning a profit I loss some amounts and it really made me realize that being greedy is not good not just in gambling but also in investing and trading.
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adzino
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October 27, 2020, 07:09:07 PM |
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Altcoins are really scary, if you can do some research you will see many good altcoins that had very good start and value in 2018 and are still alive today but we never heard anything good from them anymore for some reasons, they are now like ghosts, honestly altcoin investment is more scary, this is why its better to always take profit, most especially from new altcoins, Profit is Profit, either big or small.
That is nothing new. Everyone knows the risks involved with altcoin. In fact people also know the risks associated with altcoins but yet they still invest in those to make some quick profit. Some people takes advantage of those pumping of shit coins, takes their profit and then leaves. Others fail to do so and loses everything. The reason you haven't heard of those "good" altcoins is because they are along with their hype probably dead by now (hence like ghosts).
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Zeehaxan
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October 27, 2020, 07:18:11 PM |
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Altcoins are really scary, if you can do some research you will see many good altcoins that had very good start and value in 2018 and are still alive today but we never heard anything good from them anymore for some reasons, they are now like ghosts, honestly altcoin investment is more scary, this is why its better to always take profit, most especially from new altcoins, Profit is Profit, either big or small.
Everytime i see my portfolio i feel the same but then again i satisfy myself by thinking that another bull wave will bring me big profit so no need to sell in loss, this strategy has done me loss too like the coins that failed and closed but im still holding and waiting for others to give a parabolic move.
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ScamViruS
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October 27, 2020, 07:32:04 PM |
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Altcoins are really scary, if you can do some research you will see many good altcoins that had very good start and value in 2018 and are still alive today but we never heard anything good from them anymore for some reasons, they are now like ghosts, honestly altcoin investment is more scary, this is why its better to always take profit, most especially from new altcoins, Profit is Profit, either big or small.
It is very difficult to predict the future of Altcoin. It is a risky decision to invest randomly in a project, because a good project does not guarantee a bright future for that coin. I saw a lot of projects that promised to do something really good but they did well in the market due to lack of proper support. Because in order for a project to do something good, that project has to get support from the community, such as being listed on big exchanges. But the problem is here, many projects can list their coins on the big exchange for some invisible reason. And as a result, a project is gradually lost. So you should take profit at the right time rather than holding any coin for a long time. Here you can greatly reduce your risk.
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Princejebs
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October 27, 2020, 09:45:44 PM |
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_Snip_
Its even better to get back your capital when you become stock in some project with huge loss. To be honest, your talk isn't far from truth. It's always advisable to book some profits when you have some gains in altcoins because their pump don't last long, in the process of keeping for life will get you rekt. Its even better to sell off everything when you have 2x of your initial investment fund, my opinion.
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lienfaye
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October 27, 2020, 10:01:16 PM |
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The popular altcoins has a progress still and though the prices are turning ups and down we can see that they are going with flow depending on the market condition. It means these top altcoins are still there and just waiting for another bull market.
However this is not the case for not established altcoins. They tend to lose value and stop progressing, lack of demand and support are few reasons why it has a tendency to lose value. Thats why its a must to know your goal, dont wait for your coins to be delisted or not tradable anymore. Take profit while it has value and dont be greedy. Have a strategy wherein you can maximize your earnings while enjoying the moment of investing in altcoins.
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Zeke_23
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October 27, 2020, 10:06:04 PM |
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Altcoins are really scary, if you can do some research you will see many good altcoins that had very good start and value in 2018 and are still alive today but we never heard anything good from them anymore for some reasons, they are now like ghosts, honestly altcoin investment is more scary, this is why its better to always take profit, most especially from new altcoins, Profit is Profit, either big or small.
I do agree, there are some who actually continue to hold for years. They continue to hold waiting for its price to increase. Even if it is already increased the value they keep on holding, expecting a higher profit out of their investment. Instead of taking the profit and buy again once its price starts to decrease, they just continue to hold without taking any profit.
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Hypnosis00
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October 27, 2020, 10:28:12 PM |
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Altcoins are really scary, if you can do some research you will see many good altcoins that had very good start and value in 2018 and are still alive today but we never heard anything good from them anymore for some reasons, they are now like ghosts, honestly altcoin investment is more scary, this is why its better to always take profit, most especially from new altcoins, Profit is Profit, either big or small.
No, they are not all scary. What makes things like that is you are investing in a ghost project which is also run by a ghost developer.m No wonder why they suffered losses, ended up to nothing. But we can also blame ourselves why we should have to invest in altcoins that we know already the possible ends? Why not having Bitcoin? What had driven most investors investing altcoins, new projects because of very attractive offers, x2,x3 on investment returns? Greediness brings no good but worse.
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xiboothrezi
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October 27, 2020, 10:50:35 PM Last edit: October 27, 2020, 11:05:56 PM by xiboothrezi |
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What had driven most investors investing altcoins, new projects because of very attractive offers, x2,x3 on investment returns? Greediness brings no good but worse.
That is why a good and successful investor is able to determine the strategy when the timing is right to enter and exit. Offers are attractive, there's no harm in trying if the potential and strong support. The important thing is if you have made a profit, be honest, and do not force it if you are late it can be a loss. the problem is when someone invests but does not know what he is investing in. it could be due to FOMO, other people's invitations, or just to join in because of the upward trend, so it just got carried away. It cannot be denied that the defi trend is very good, there is an opportunity to take profit but usually, it is not good enough for the long term. so make sure to come out on time.
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