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Author Topic: Be very cautious with your alts this period, you either sell early or hold.  (Read 674 times)
Dragonfund
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November 14, 2020, 05:41:10 PM
 #61

Now is the best time to hold some altcoins, don't go around dumping good altcoins for little profits, the real profits is yet to come, do good research on new projects and hold them if they are good enough, you can start trading since bitcoin is bullish too, trading is more profitable in bullish time
.
Bitcoin is the only coin that has been on the show of this bull run and some top altcoins such as Ether, Uni, Dot and some gem altcoins. Don't you think it will be dangerous to your portfolio if you do so, it's better to be neutral than jump to conclusions.
If bitcoin running should continue from this point, I fear altcoins will suffer for the rest of the month until the dominance reduce small and then altcoins may have the rest of the year and December month.
Have you have a thought that this may be similar to 2017 bull run Grin Grin
Bitcoin seems not ready to go down even on weekend, unlike the past month that we do have some little shake of hands by market markers. Tongue
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November 14, 2020, 06:16:17 PM
 #62

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.
To be honest i do not think that such time has arrived yet. I expect bitcoin to break previous high of 20k first then take a good correction back to around 15k and then on second attempt when it breaks past 20k we can expect parabolic and stress period for alts.

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November 14, 2020, 07:47:28 PM
 #63

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.

This is correct. Nevertheless, those, who have entered the crypto market this year, should not be stressed. Remember the situation, when people bought Bitcoin when it was almost 20 thousand. Then, the market crash happened. Alts also fell. Guys, who did not sell crypto in 2018 and used to hold it, can get profits these days.
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November 14, 2020, 08:34:29 PM
 #64

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 think that this could be the right thing to do, i know many people are opportunist and they will take every opportunity to make some extra profit but i think supporting a new project, technology and solution means that we have to support the project by holding the coin tightly as well so personally im not in favor of such a strategy.

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November 14, 2020, 11:42:23 PM
 #65

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.
No one sells their altcoins without dumping investors. Smart investors know when they should sell their altcoins. Now cryptocurrency is making bubble by Bitcoin then bubble force will go to the altcoins. I think the best time to buy altcoins time is fading. Even though altcoins are at high risk because if you entered cryptocurrency a few months ago, you don't have any latest knowledge on current situation.
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November 15, 2020, 12:03:29 AM
 #66

Some newbies sometimes panic easily because they hear news that is not even clear where it comes from. ofcourse there can be 2 types of early sell depending on the project. If it's potential, early sell will be very detrimental and if it's just a pump project, I think maybe it's the right decision. We have to be smart in assessing the project situation
right, I think we must be observant in understanding the situation and market conditions. not too hasty to take action, most can set the right time to sell and buy

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November 15, 2020, 12:20:24 AM
 #67

Well, there are good altcoins but I think selling it would be good in bull run. The market of altcoin is directly affected on rhe growth of bitcoin market. If bitcoin will go uptrend then we visibly seen that other altcoins as well can go up and if bitcoin goes down so does the altcoins. So, during bull run selling altcoins I think would be good because after bull run most coins will go down in terms of marketif bitcoin too will be.
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November 15, 2020, 09:07:57 AM
 #68

Mostly newbie sell their token/coin when they see market going down and actually big whales playing with holders they control the price by sell their little amount of tokens but If we talk about BTC so when BTC start going up so people sell their tokens and buy BTC, they are in loss in reality we should not panic because real projects will go up when BTC price stop hyping as you said.

They are panic and worry if the price is going down too deep without having a chance to increase again. They don't know what will happen with that token/coin, but if they have the potential coin, I think they will not sell even if the price down lower than the price they bought. They will still hold the coin/token and buy more because they think it is their chance to increase the token/coin amount.

If you continue to hold the top coins or buy during the fall, it is not going to harm as price of altcoin will increase as it will not just continue to fall. Only when that is what the question is but for holding I am positive that it will rise soon and will have a positive impact only of bitcoin rise.

I am sure the altcoin price will increase soon, no matter if the bitcoin price moves up or down. The trend will always change from bitcoin to altcoin or altcoin to bitcoin, and we can use that for our good. Although we don't know when we can still prepare ourselves from that moment, we can try to place our sell order early, so when the bull run comes, our sell order will be filled. But that will depend on how we make a strategy related to the current situations.

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November 15, 2020, 09:30:25 AM
 #69

It all depends on the moment, the present moment is a crucial time to determine whether we will benefit or we should cut losses for some of the other altcoins. So start preparing from now on, send the altcoins into the market now so that later when that time comes we only need to place our sell order.



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November 15, 2020, 10:15:13 AM
 #70

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.

After a bull run, some correction is essential or must as maximum investors want to get profits from bitcoin. Those who bought at least 4 or 5 months ago, they are now huge profits. We can say 50% profits in Bitcoin holding but who has bought one months ago, need to be cautious and take quick decision before correction. Already correction started.
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November 15, 2020, 12:39:26 PM
 #71

The problem that arises when talking about altcoins without being more specific is that you get a very mixed bag that includes both very strong coins with utility value like the Ethereum blockchain, and shitcoins that only exploit the "sort by market cap" defaults of CoinMarketCap and other listings to get some publicity, without being anything else than an empty shell embezzled in lush promises.

The golden rule is still the same, you've got to do your own research before investing any decent amount of money into anything.
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November 15, 2020, 12:53:50 PM
 #72

There is possibility that we will see new altcoin season this year or 2021 so

1. Don't put your eggs in one basket
2. Mix both top altcoins and new promising projects
3. DeFi projects aren't all scam, we have few good DeFi projects just DYOR
4. Don't entirely believe that altcoin season will come, take profits and hold some coins but still take profits


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November 15, 2020, 01:07:14 PM
 #73

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.

You are right that listening to others is not always the right decision. Of course, you need to rely only on your knowledge and opinion. Each of us wants to make money, but there are those who want to take possession of our crypto assets. They are the ones who make false information and push us to sell in the face of fear of losing everything. I agree that you need to be able to wait and only then you can get the opportunity to make good money.
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November 15, 2020, 01:23:14 PM
 #74

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.

But by then it might be late as the whales that bought the dip most have started pumping the coins so they attract new investors and probably dump their bags on them. The best time to buy into a project are when everyone is dumping as a result of panic which is what's happening now in the altcoin market. The coins are dumping not because of any exploit or bad news but just because there's uncertainty of what the market will turn out to be.

Just don't buy back the altcoins you dumped. You are already holding BTC why should you return to hold an altcoin again?
You just buy back when the token hasn't yet pumped. Fortunately, they will yet not do it since BTC has not gone up to its ATH.  Its your choice whether you buy your altcoins again.

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.

You are right that listening to others is not always the right decision. Of course, you need to rely only on your knowledge and opinion. Each of us wants to make money, but there are those who want to take possession of our crypto assets. They are the ones who make false information and push us to sell in the face of fear of losing everything. I agree that you need to be able to wait and only then you can get the opportunity to make good money.

The point is that "An opportunity lost is lost forever."  Just seek the opportunity you may have that you are unaware.



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November 15, 2020, 01:28:56 PM
 #75

There is possibility that we will see new altcoin season this year or 2021 so

1. Don't put your eggs in one basket
2. Mix both top altcoins and new promising projects
3. DeFi projects aren't all scam, we have few good DeFi projects just DYOR
4. Don't entirely believe that altcoin season will come, take profits and hold some coins but still take profits
I totally agree with you on point 4. Hold is great if the project is very potential, but if you've already made a pretty good profit, don't be too greedy to hold on for longer in the hope that the price will continue to rise. The most important thing is how we get a decent profit

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November 15, 2020, 02:00:51 PM
 #76

it is very difficult to determine whether we should sell or hold,
because most of the altcoins are bad at the end of this year, we also don't know if the altcoin season is coming,
it looks like this will be a tough week for altcoin holders.

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November 15, 2020, 03:18:14 PM
 #77

it is very difficult to determine whether we should sell or hold,
because most of the altcoins are bad at the end of this year, we also don't know if the altcoin season is coming,
it looks like this will be a tough week for altcoin holders.

no need to confuse my friend, just hold some solid and reliable altcoins such as ethereum, chainlink, binance coin or others,
and sell unknown altcoins, some people called this kind of altcoins as shitcoins my friend

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November 15, 2020, 03:26:06 PM
 #78

Even though the market sentiment is now becoming better than before, we should not fully happy because we should always be prepared on the unexpected scenarios that we can experience. I have altcoins and I have different plans in order for me to handle different scenarios that I may face, the dominance of the altcoins are continuing to decrease and it can affects the price of the altcoins so we should be ready in dumps in the market.

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November 15, 2020, 03:39:56 PM
 #79

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.

Sometimes it is better to sell off early to beat dump but you really can not know a shitcoin from another that will do well in the market. Here is the big problem because If you do not know a shitcoin how do you know one that is really worth keeping? It is not even enough to list on exchanges, whether shitcoins or not, good projects will always be good and bad ones be bad. Hype can not sustain a bad project for long. It crashes when the hype clears out.
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November 15, 2020, 06:03:35 PM
 #80

No matter what anyone says on this issue, it won't stop people selling or hodling. To be candid with you, I think those who even hodl without selling off at all are lazy investors. They truly don't understand the dynamics of trading. Besides, there isn't any concept as "be very cautious". None can be any cautious on this and still claim they haven't made any mistakes. The crypto industry is a highly unpredictable one, and volatile too. My suggestion would be for investors/traders to sell off at any time they feel justified and comfortable to.

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..BUY/ SELL CRYPTO..
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