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Author Topic: Be very cautious with your alts this period, you either sell early or hold.  (Read 674 times)
btcltcdigger
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November 13, 2020, 09:09:57 AM
 #21

If you follow the trends of 2017, you'll see that BTC will go up, and alts will fall behind.
Then when people made a lot of money on BTC ($20k+) they will start investing in alts. Then the alt season is coming
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November 13, 2020, 05:52:50 PM
 #22

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

The market is showing itself excellently now. I also think that after Bitcoin starts flat, really good alcoins will show the same phenomenal growth! But to be honest, I know very little about the safety of altcoins, so I will definitely read your article!
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November 13, 2020, 05:59:31 PM
 #23

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

The market is showing itself excellently now. I also think that after Bitcoin starts flat, really good alcoins will show the same phenomenal growth! But to be honest, I know very little about the safety of altcoins, so I will definitely read your article!
The word "safety" doesn't really fit out neither with Bitcoin or with alts yet everything does have its corresponding risk that's why we should really be careful on making investment decisions.

Everything should be realized and analyzed and don't let your emotions control you because in times like these where your mind is really minding much about correlation and possible movement
neither with btc or with alts.

If you do hold a certain alt then its up to you if you decide to hold for long term but if you do look that it is worth for you to sell early for profits then that also depends into your own
discretion.

R


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November 13, 2020, 06:43:56 PM
 #24

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 have the same point of view because we have expereienced this in the past. I am talking about raging or parabolic btc bulls where all other coins are under pressure and it is hard for them to maintain value because people start flipping alts to btc to take advantage of the run that results in even more pressure on alts.

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November 13, 2020, 06:49:34 PM
 #25

it seems that usually when btc goes up altcoin will go down because it's basically looking for profit
sell some alt coins to take part in bitcoin when it is going up to a certain point, a profit-seeking strategy when alt coins or btc go up and sell half to follow the trend but the risk is too high if you join in the middle, not at the beginning, depending on yourself keep holding until the alt coin price rises by how many% or according to the target by seeing the rapidly increasing movement of bitcoin
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November 13, 2020, 07:11:43 PM
 #26

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.

indeed, people should know what must they do with their assets in currenct situations
and didn't panic and selling all their alt, so they will not regret it
regards
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November 13, 2020, 07:24:29 PM
 #27

I would say holding would be the right call for now. If you sell right now you are going to regret later when they go up, if you buy right now you may not have enough money to be patient and have to end up selling quickly before it could potentially increase, but if you just hold whatever you have like it is not there you could make a profit, you already have enough money obviously since you bought before and haven't sold yet, compared to buying now which could be undecided if you will need it, hence I think holding could be the perfect approach.

What I do not understand however is the fact that people who sell early now after holding so far, you have come thus far holding all your coins, why get out now? What is so special about a bit of increase? You could make 5x that profit if you just wait another year.

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November 13, 2020, 07:27:40 PM
 #28

hile they sell then we buy, yes this is how to survive in the crypto space. Take the opportunity as soon as possible, but remember to consider before buying coins and also have good financial management, especially investing only in the top coins. I personally started updating the asset and tried to add as many top coins or coins as I thought it was worth investing in.

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November 13, 2020, 07:34:30 PM
 #29

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 do not have a lot of alts but those that i have i will keep holding for longterm because i trust my choice and even if bitcoin's move put alts under pressure it will not continue like that for long so no need to worry really just relax because then it will time for alts to move big.

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November 13, 2020, 08:36:17 PM
 #30

Do your due diligence and get the coins now that they're cheap because a bounce will be coming immediately bitcoin rally is paused.
It depends upon which coins you are holding, the top coins in the market rallied alongside BTCitcoin which includes Ethereum, Litecoin and there were a few surprised rally from EOS and Aave and the DeFi market was also having their upswings in both directions, my opinion is to be careful dealing with the DeFi market as i wont be surprised if the hype will die off and the high valued tokens going back to the price they started.




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November 13, 2020, 09:35:55 PM
 #31

Stick to top 10 or possibly top 15 coins. Maybe add a small flavor of smaller coins you believe in to get some extra spice to your portfolio.

I try to stick to the top 10-15 with some cherry picking. I have added small stakes in potential mooners
You can checkout my portfolio here
https://altpocket.io/profile/Octular
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November 13, 2020, 09:45:44 PM
 #32

I sell if I'm in profit and there's nothing wrong selling earlier if you're in +%.

And I hold if the coin that I've bought is still bleeding. Yes, there's nothing wrong to sell and hold until you see there's profit. That's the basic strategy that I do if the coin I hold and I believe is still bleeding and I'm in the lose, no problem of holding it.

I only lose if I sell with loss.

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November 13, 2020, 09:47:02 PM
 #33

You really not that sure it still depends on which coin the user is holding some coins are worth selling for and it's good to immediately jump off rather than crashing without any profit if you think the project is good for long term and you see them crashing I think that's the only time you won't sell but if the project is not that good and starts to crash well I think you should jump before it landed.
Being able to stop the loss and shift to other investment like Bitcoin can suit well at these time as many were dropping their altcoins to enter BTC, but after if there are some drops or continuously drops experience by BTC others will shift back in altcoiks, that's how the market goes only few altcoins are worth keeping so when there is chance to enter in BTC and know will be able to gain some profit then better take the chance to have more BTC and return in trading once earned some profit.

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November 13, 2020, 09:49:52 PM
 #34

Selling their bag of altcoins is the best they could do and take the opportunity to earn USD, if they do not sell now, they will just suffer holding a bag that is less valuable. What they can do is buy back those altcoins after BTC hits the previous ATH because that may be the time when fees are going to be at the most peak that BTC users will try using altcoins in paying.

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November 13, 2020, 09:53:09 PM
 #35

This remind me of 2018, that was the period I joined cryptocurrency movements when all Alts were bleeding day by day, week by week and as we each new month the market continues to tank in red. So many were afraid that Bitcoin was even going to zero but was bottom at $3kbto $4k region.
what is the future of altcoins with this bitcoin bull run?
Personally, I will sell my Alts at this point as the next move is not certain but bitcoin may do another weekly wick to the downside to clean long tradersbor it might go up and better still hold onto bitcoin instead of altcoins.
When bitcoin make a major correction of - 10%, altcoins ( shit coins) may bleed their entire yearly gains.
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November 13, 2020, 10:02:36 PM
 #36

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.
If someone is not confident about their alt bag then definitely he should sell or flip into bitcoin but if you are sure that you are holding top quality altcoins then there is no point in doing that because we have seen good alts to really skyrocket after btc finds the new highs and potential percentage gains for alts is more than btc so holding alts is not a bad choice.

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November 13, 2020, 10:04:45 PM
 #37

I sell if I'm in profit and there's nothing wrong selling earlier if you're in +%.

And I hold if the coin that I've bought is still bleeding. Yes, there's nothing wrong to sell and hold until you see there's profit. That's the basic strategy that I do if the coin I hold and I believe is still bleeding and I'm in the lose, no problem of holding it.

I only lose if I sell with loss.

This make little sense to me. What matters is what you believe in the future for the project. If you are on plus or minus doesn't really matter.

I would rather say trend is your friend, unfortunately in both ways. Cut bad coins that are going down and find better projects with a bright future. Don't be afraid to cut losses.
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November 13, 2020, 10:06:34 PM
 #38

I bought some more LTC about 2 months ago. Very good decision I think, because LTC is still performing far below its level.
Apart from that, of course, I'm going for BTC, where I parked by far the largest part of my investments!
Apart from that I still rely on XTZ, ETH, ADA, MIOTA...
A little bit TRX and CHSB are also in my portfolio!

But for me it doesn't matter so much what is happening right now. I think the course gains are absolutely great, but I'm already so relaxed and I look at the course calmly. If I look at it that way, I have already completely recovered my original investment. And not just once but many times...
I now see it as a complete long-term investment, and I only focus on projects that have a future. That is not many...
In 2017 at the ICO boom I made some nice profits, but that would be too much work for me today...

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.....I AM BLACKJACK.FUN.....
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November 13, 2020, 10:21:12 PM
 #39

Actually hold is a good step to take so much profit, but we must make sure that we hold the right coins. We don't want to hold coin which doesn't have a bright future. A new altcoin is so scary to hold but it doesn't mean all new coins are scary, if you can find the good one, you are a lucky person because you find the hidden treasure.



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November 13, 2020, 10:23:28 PM
 #40

I just angry how altcoin price movement at the current sentiment market. Most of them only just make me loss money, because their price movement in one side trying to follow bitcoin price movement. But if there is a correction its price just dumped a lot more than I entry then I was loss. And the other side, altcoin price is trying to not follow bitcoin movement. Like bitcoin price up then we will see altcoin price just decreasing. But, it is just for a while, I mean there is a situation if bitcoin is trying to meet a correction almost altcoin price dump a lot as well, and it was made me confuse.
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