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Author Topic: Be very cautious with your alts this period, you either sell early or hold.  (Read 674 times)
QueenVera (OP)
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November 12, 2020, 10:21:33 PM
 #1

Bitcoin bull run has a sad occurrence that sees alts dumping in price which leads to many noobs panic selling their bags to the whales and smarter investors who knows how the market operates. While many will be advising you to dump your coins, do know they're those waiting patiently to steal those bags off you as there's another occurrence that not many tends to highlight, which is the fact that alts bounced back after the bitcoin rally are over. Don't be that user that'll regret selling their bags during the rough times instead hold unto your investment. You holding unto your investments has to have some very strong backing like the project has to be really worth it and not the hyped shitcoins getting listed on all exchanges this days. Do your due diligence and get the coins now that they're cheap because a bounce will be coming immediately bitcoin rally is paused.

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November 12, 2020, 10:26:47 PM
 #2

Got it, some people have been starting to fill their bags as their preparations for the altcoin bullish trend that will come after this. I strongly hold altcoin in my wallet.
I have sold some of my altcoins to make a preparation if there will be a big correction that will happen.
We are on a very difficult situation to pick which one is the best sell or hodl. Both were making so many people confusing right now. The bounce that will happen in altcoin will be even bigger than before.



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November 12, 2020, 10:45:15 PM
 #3

All depends on when you are entering.

If you enter in the past 1-2 months ago, should be carefully but if you enter a year ago when the price around 130-200$ nothing to worry. Because, when bitcoin gain up/down all price with bitcoin pair will be down but USD estimation will be up. So, if you buying a years ago don't to panic because you are buying the deep this could be a chance we see 2017 again.

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November 12, 2020, 10:56:02 PM
 #4

BTC ETH - Tier 1
LTC BCH XRP LINK* - Tier 2
ADA XMR XLM EOS  - Tier 3

* keep under watch

The rest is highly speculative, either as a wannabe or potential has-been... just my 2 satoshis.
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November 13, 2020, 01:09:24 AM
 #5

Agreed, I always prefer the top coins of the market and now planning to sell some asset to buy coins if any corrections happen in the market. Altcoins are always scary except the popular one's.

Holding too depends on the situation also we need to observe the market and sell if the trend is going to swing, I am holding my top coins till the end of the year and selling few holdings.









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November 13, 2020, 02:05:49 AM
 #6

Always be cautious with your alts, many of them will suddenly die not because Bitcoin's price surged but because they are nothing but scams. Hodl only very carefully picked altcoins. The rest you better sell for Bitcoin because Bitcoin's price is going to double more easily than those cheap altcoins. It may be hard to imagine a $16,000-priced coin to more easily double than a $.0001-priced altcoin but that is the reality with Bitcoin.

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November 13, 2020, 02:13:17 AM
 #7

I agree with QueenVera. Make your cut loss or hold but cut loss should be done earlier. With my investment, I will hold my altcoins and it is the period to hold them.

Simply to think of the capital cycle on the market. Money or capital flows from bitcoin to altcoins and in the last month the market sees the flow of capital into bitcoin. When  bitcoin game is done, altcoins will have their due diligent opportunities to rise. You need to survive through massacres before better things to come. Margin trades with altcoins in this period are very risky and they can kill you when you are sleeping.

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November 13, 2020, 04:21:19 AM
 #8

It is an profit  about a basics for the invester, but it is to make you fear? It is more problematic to test the psychology in this field, the uptrends are not discussed here and people see but the news is not good about it and start to panic, but I see that people need to understand them. What are we waiting for all this time? So there is no need to worry if you can keep it up for the next few years period.

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thenextking
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November 13, 2020, 04:25:05 AM
 #9

Altcoins will pump soon
Eco_111
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November 13, 2020, 06:39:11 AM
 #10

Yes I'm certain that altcoin season will start soon but not 100% sure because crypto is just too unpredictable, still it's better to have some altcoins in holdings just in case altcoin season really happens, this won't stop me from taking profits though, I love taking profits more than waiting for bullrun
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November 13, 2020, 06:46:54 AM
 #11

This is the best time to start buying altcoins and HODL, once bitcoin goes higher and reach a certain amount it will run out of energy and dominance will start decreasing, I can bet with you that whales won't hesitate to start dumping bitcoin for altcoins and a new altcoin season we've all been waiting for since 2018 will start again
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November 13, 2020, 07:08:30 AM
 #12

Agreed, I always prefer the top coins of the market and now planning to sell some asset to buy coins if any corrections happen in the market. Altcoins are always scary except the popular one's.

Holding too depends on the situation also we need to observe the market and sell if the trend is going to swing, I am holding my top coins till the end of the year and selling few holdings.
it's not necessary to buy top altcoins only because last altcoin season even shitcoins brings insane profits to all holders, some proven that they make more money from shitcoins than top altcoins, you can mix top 10 altcoins with few cheap altcoins under top 50 or top 100

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November 13, 2020, 07:11:50 AM
 #13

This is the best time to start buying altcoins and HODL, once bitcoin goes higher and reach a certain amount it will run out of energy and dominance will start decreasing, I can bet with you that whales won't hesitate to start dumping bitcoin for altcoins and a new altcoin season we've all been waiting for since 2018 will start again

Cryptocurrency market started to raise and there are a lot of of differemt altcoins. Every day a lot of new altcoins appear, Some of the altcoins are prospective, but not all. Also it is impoatant to check the code on altcoin to understand how secure it is. Here some information about securuty of altcoins and some other impertant things - https://bamboodefi.medium.com/. Please check it  Roll Eyes
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November 13, 2020, 07:52:50 AM
 #14

Those who have been in crypto industry for a long time already know how and when to sell their altcoins off. Dump times means an opportunity to buy more but newbies or even some were regretting after selling their altcoins because they were carried away by panic selling.
 
  A wise altcoin holder will make a target profit and a target price before selling their altcoins, if not, holding it one of the alternative way to still make.
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November 13, 2020, 08:08:38 AM
 #15

Those who have been in crypto industry for a long time already know how and when to sell their altcoins off. Dump times means an opportunity to buy more but newbies or even some were regretting after selling their altcoins because they were carried away by panic selling.
 
  A wise altcoin holder will make a target profit and a target price before selling their altcoins, if not, holding it one of the alternative way to still make.
I can't blame the panic sellers, I've been investing on crypto projects for a long time before knowing about this forum, majority of the time s and coins I invested on turned scam and dumped massively, I'm able to recover right now because I decided to keep taking profits, every thing about crypto is timing so now that Bitcoin bull season is back it's not too late to start buying altcoins

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November 13, 2020, 08:12:45 AM
 #16

You are absolutely right, most of the alts projects are highly speculative so very risky to hold majority long term if there is no strong base for the project in question, most alts are only worth to sell as soon as you see fit or just for short term, but this does not apply to all, there are some alts that worth holding long term, in other for you to determine this, just look at the team, the structure and goal of the project, then you can decide to hold long or short or even sell immediately.

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November 13, 2020, 08:16:26 AM
 #17

All depends on when you are entering.

If you enter in the past 1-2 months ago, should be carefully but if you enter a year ago when the price around 130-200$ nothing to worry. Because, when bitcoin gain up/down all price with bitcoin pair will be down but USD estimation will be up. So, if you buying a years ago don't to panic because you are buying the deep this could be a chance we see 2017 again.

Why does it matter when you bought or at what prize?
Either you believe in the future for the coins your holding and then you should keep them, if you don't see a positive future sell them. It doesn't matter if you are on plus or minus, it's all about what you think about the future.

Basing decisions on if you are on plus or minus is the biggest rookie mistake I would say.
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November 13, 2020, 08:25:10 AM
 #18

I would rather sell at this point, I have already learned my lesson in the last bull run when I hold a little longer and got amaze by how bitcoin was pumping. The movement of bitcoin now is bullish, but it will not be forever going into that direction so I think greediness here is the only hindrance why we can't sell easily.

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November 13, 2020, 08:37:13 AM
 #19

Bitcoin bull run has a sad occurrence that sees alts dumping in price which leads to many noobs panic selling their bags to the whales and smarter investors who knows how the market operates. While many will be advising you to dump your coins, do know they're those waiting patiently to steal those bags off you as there's another occurrence that not many tends to highlight, which is the fact that alts bounced back after the bitcoin rally are over. Don't be that user that'll regret selling their bags during the rough times instead hold unto your investment. You holding unto your investments has to have some very strong backing like the project has to be really worth it and not the hyped shitcoins getting listed on all exchanges this days. Do your due diligence and get the coins now that they're cheap because a bounce will be coming immediately bitcoin rally is paused.

I really like the statement about holding altcoins with strong backings and projects that worth it, now the question is, how many of these altcoins are even worth it? They enter with hype, have massive pump and then dump, and some people will still be holding with the mindset it will pump again, when it's already evident that their growth were as a result of hype, and hence nothing much should be expected.
My own opinion is, Bitcoin is the best out there, and its growth always attract more attention and more investors, and it is altcoins that suffers this, and these category of altcoins are those with no strong backings, those that were just hyped etc, in this case holding Bitcoin is far better than those coins. Also, coins like Ethereum always grow with Bitcoin, so in this case, I think holding is also better. This means that, your selling or holding should depend on the type of altcoin.

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November 13, 2020, 09:07:56 AM
 #20

I would not say that altcoins are now falling in price due to the fact that bitcoin is growing in price, on the contrary, now altcoins are also growing in price and now we need wait until altcoins will increase in price even more and then we will can already fix profit, of course, if a fast altcoins dump will start, here we by ourselves must decide whether to sell our altcoins or not, but I will wait, because altcoins will still grow to new heights in the future.
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