What would you do? | Is this the end of inflated markets?

[Ultegra134]

The whole market is in the red. If you bought BTC or almost any other coin, not counting Cardano, BAT and maybe a handful of other coins, you'd suffer a loss to fiat.

You already made the wrong decision or maybe your unlucky buying before the market price going down, and that's really unfortunate.

He made the wrong decision again when he posted about ETH in bitcoin discussion.
I don't believe ETH is an inflated market at this time since it's the most popular chain upon which other coins are built. In this market the important features are scarcity and utility. Bitcoin is the most popular scarce coin and ethereum the most popular utility coin. I'm sure that if Bitcoin continues to gain value (and it will) ETH will follow.

Ha, I've also bought BTC, just at a way earlier date, my portfolio is actually consisted of 70/30 BTC/ETH. I should have waited more when buying, but you can't really predict such movements. I bought because it did look like an opportunity, and I can't count how many opportunities I've seen but didn't act by either buying or selling.

I've noticed decent opportunities plenty of times, but I usually think about it too much when it comes to buying, as a result, that opportunity is lost by the time I make up my mind.

[Questat]

don't worry friend.  haega at this time is very high but it can still go up again, bitcoin still has a long way to go. So hold on to your assets don't sell at a loss .. be patient if you want to get a profit.  bitcoin still hasn't touched wave 5, so it's still safe now because it can still fly even higher.

If OP bought his Bitcoin during the dump (as he said), probably he is profit now. Is not to wonder why he is thinking about selling but because he is contented enough with how much he possibly get. I believe he is not a long-term holder, he can make a decision easier to make a sell but if he not in profit now, I don't think he does it.

Does holding for so long helps a lot? traders don't do that anyway. Buying and selling are their life, and that makes them become profitable.

[LogitechMouse]

Not here to spread rumors or post FUD. That's not my intention, I only want to vent and discuss the current situation.
I've bought Ethereum before it crashed so bad, now I've lost a reasonable amount of money, and by looking at the graphs, most coins have shown no resistance to ease the fall.

With the crypto market going up and up only, its really hard to position knowing that there is no possible support and resistance to plot. You bought ETH, don't worry because it will recover soon. Just hold it. Now that we've seen a bit of a correction, we know which is the resistance and support levels.

I'm starting to think that the market's prices were way too inflated, not realistic, and a situation like this one was bound to happen one day. What would you do? Sell now, before it dumps even further, or keep holding hoping it will recover in the future?

I've already positioned myself into a point that whatever happens, I will not touch my current holdings right now. If it fall, I don't care I will just accumulate more. If it goes up, I will not touch it either.
Markets are moving in cycles so for sure, it will recover in the future and we've seen it already recovering slowly.

[TheGreatPython]

Not here to spread rumors or post FUD. That's not my intention, I only want to vent and discuss the current situation.
I've bought Ethereum before it crashed so bad, now I've lost a reasonable amount of money, and by looking at the graphs, most coins have shown no resistance to ease the fall.

I'm starting to think that the market's prices were way too inflated, not realistic, and a situation like this one was bound to happen one day. What would you do? Sell now, before it dumps even further, or keep holding hoping it will recover in the future?

You should be asking yourself the question on whether you can take that kind of risk. The market is going down now and there is no guarantee that it will go back, we can’t tell you that. You can keep on holding your invested asset and the market will increase later after the fall, then you can as well keep it and the market will crash and will not increase again enough for you to recover your losses for some years.

So, in a situation like the last one I have explained, what are you going to do, will you be able to continue with the patience until another time like this? You can try playing it safe by selling a particular percentage of the investments you have made and the rest can be kept in your wallet.

[doctor877]

it depends on your purpose of buying at the first instance. if its for long term you do not need to bother at short time price actions. what i would do is to sell off if the signals are clear for huge price reversal and buy back in bits. that means you need to keep a watch on the market to see how its performing per time.

[NeverSop]

I predict you are a person with a lot of experience in the crypto market.  Why do you have such pessimistic eyes on ETH?  Maybe you bought at a bad time but ETH is too safe to limit the potential from the market.  In addition to Ethereum to be expected, it is also supported by a community of institutional investors, corporations, large corporations squeezed by popularity.  The market needs to revive good psychology.  Just hold and wait.

[Ultegra134]

don't worry friend.  haega at this time is very high but it can still go up again, bitcoin still has a long way to go. So hold on to your assets don't sell at a loss .. be patient if you want to get a profit.  bitcoin still hasn't touched wave 5, so it's still safe now because it can still fly even higher.

If OP bought his Bitcoin during the dump (as he said), probably he is profit now. Is not to wonder why he is thinking about selling but because he is contented enough with how much he possibly get. I believe he is not a long-term holder, he can make a decision easier to make a sell but if he not in profit now, I don't think he does it.

Does holding for so long helps a lot? traders don't do that anyway. Buying and selling are their life, and that makes them become profitable.

I had bought BTC not long ago, probably more than a month ago, in terms of BTC, I'm fine. I was only screwed by buying Ethereum in a relatively high price. Bought before the large dump, it looked like a decent opportunity then, should have waited before buying. It was a bit irrational decision to be honest. I saw a low price (For that time being at least) and bought without much thinking.

it depends on your purpose of buying at the first instance. if its for long term you do not need to bother at short time price actions. what i would do is to sell off if the signals are clear for huge price reversal and buy back in bits. that means you need to keep a watch on the market to see how its performing per time.

Long term is a vague term, I'm not sure for how long I'm planning to hold or whatever, I might sell if I find a decent opportunity.

[wxa7115]

I predict you are a person with a lot of experience in the crypto market.  Why do you have such pessimistic eyes on ETH?  Maybe you bought at a bad time but ETH is too safe to limit the potential from the market.  In addition to Ethereum to be expected, it is also supported by a community of institutional investors, corporations, large corporations squeezed by popularity.  The market needs to revive good psychology.  Just hold and wait.

It is easy to see why some people may have a pessimistic view about ethereum and the altcoin market in general, it was not long ago when many investors thought that bitcoin will be surpassed by another coin and it soon will fade into obscurity, they thought that since other coins had similar technology then the price of bitcoin was inflated and other coins could replace it.

Now after a few years those people are finally realizing that this is not going to solve itself with technology alone, bitcoin is trusted by the community and its first mover advantage is unquestionable, so where this leaves ethereum as it no longer has that hype? It is still a coin trusted by a important part of the community but that has lost value against bitcoin during the last years and this is a tendency that is showing no reversal.

[Yamifoud]

That market inflations had never to change, it is always there. The market trend will always come with that sentiment and even the stock market. FUDs could be somewhat influential, we know how it changing young minds and never have doubts and sell their cryptos.
But I don't want to say just hold, keep holding, never sell your coins because for the reason that there is a time when the market will dump and lose the chance. Yep, I'd sometimes do holding but not for a long-term goal, I sell them when I already have the best price.

[Ultegra134]

I predict you are a person with a lot of experience in the crypto market.  Why do you have such pessimistic eyes on ETH?  Maybe you bought at a bad time but ETH is too safe to limit the potential from the market.  In addition to Ethereum to be expected, it is also supported by a community of institutional investors, corporations, large corporations squeezed by popularity.  The market needs to revive good psychology.  Just hold and wait.

It is easy to see why some people may have a pessimistic view about ethereum and the altcoin market in general, it was not long ago when many investors thought that bitcoin will be surpassed by another coin and it soon will fade into obscurity, they thought that since other coins had similar technology then the price of bitcoin was inflated and other coins could replace it.

Now after a few years those people are finally realizing that this is not going to solve itself with technology alone, bitcoin is trusted by the community and its first mover advantage is unquestionable, so where this leaves ethereum as it no longer has that hype? It is still a coin trusted by a important part of the community but that has lost value against bitcoin during the last years and this is a tendency that is showing no reversal.

Not really, I wasn't hesitant about Ethereum, I believe that it's equally successful with Bitcoin and I deem it as a worthy investment. In my opinion, its price will see even higher grounds, surpassing $2.000 in the next few months. However, I did buy at the wrong price, that was my main mistake. Ethereum had a dump of a larger scale than Bitcoin and will take longer to reach the price I paid when I bought them.

[Wawa2013]

I also often experience a dilemma like that felt by the opening post when investing in cryptocurrency. For example, I buy Ethereum. Sometimes
the price suddenly drops, if this happens I am also sometimes confused. The choice is to sell it immediately even though it is at a loss, or to keep
it HODL, but the price of Ethereum may continue to fall. In the end most of us will panic and sell it immediately, even though the key to successful
investing in crypto is patience.

Because now my experience in the crypto world has been quite a while, I now understand better how to make decisions. My advice is to buy Ethereum
or Bitcoin, which are the two best coins. If the price goes down, don't panic and sell it. But just HODL until the price goes up again, because for Bitcoin
and Ethereum with a very high market cap when the price drops, soon the price will rise again.

[2double0]

Not really, I wasn't hesitant about Ethereum, I believe that it's equally successful with Bitcoin and I deem it as a worthy investment. In my opinion, its price will see even higher grounds, surpassing $2.000 in the next few months. However, I did buy at the wrong price, that was my main mistake. Ethereum had a dump of a larger scale than Bitcoin and will take longer to reach the price I paid when I bought them.

Tbh, Eth has not shown a perfect bullish move yet and major investors in this coin believe that it can go above $4000 if btc holds its rally for now. I am saying this undoubtedly that Eth will move higher and reach your buy price and even higher, don't sell in loss under panic situation. I heard that they are also going to halt the Eth supply which will open more possibilities for Eth to fly.

[livingfree]

Tbh, Eth has not shown a perfect bullish move yet and major investors in this coin believe that it can go above $4000 if btc holds its rally for now.

I'm an investor and holder of ETH but I don't think that much a lot for ETH. $2k would be the first target and so on and so forth before getting to $4k.

But I agree to you that many are thinking more than those prices and it should have been met since bitcoin has moved a lot from the past months up to this time.

[arwin100]

I predict you are a person with a lot of experience in the crypto market.  Why do you have such pessimistic eyes on ETH?  Maybe you bought at a bad time but ETH is too safe to limit the potential from the market.  In addition to Ethereum to be expected, it is also supported by a community of institutional investors, corporations, large corporations squeezed by popularity.  The market needs to revive good psychology.  Just hold and wait.

It is easy to see why some people may have a pessimistic view about ethereum and the altcoin market in general, it was not long ago when many investors thought that bitcoin will be surpassed by another coin and it soon will fade into obscurity, they thought that since other coins had similar technology then the price of bitcoin was inflated and other coins could replace it.

Now after a few years those people are finally realizing that this is not going to solve itself with technology alone, bitcoin is trusted by the community and its first mover advantage is unquestionable, so where this leaves ethereum as it no longer has that hype? It is still a coin trusted by a important part of the community but that has lost value against bitcoin during the last years and this is a tendency that is showing no reversal.

Not really, I wasn't hesitant about Ethereum, I believe that it's equally successful with Bitcoin and I deem it as a worthy investment. In my opinion, its price will see even higher grounds, surpassing $2.000 in the next few months. However, I did buy at the wrong price, that was my main mistake. Ethereum had a dump of a larger scale than Bitcoin and will take longer to reach the price I paid when I bought them.

Your just affected when the price was suddenly drop but you will not lose your money if you didn't dump your eth, just hold it and wait when the price pump in future or you can cut loss so that you can buy again at cheaper rate and hold so that you can possibly earn a huge returns if ETH rallies again. The best thing you can do now is to watch the market and don't get panic remember the one you bought is a strong coin.

[Rengga Jati]

I've bought Ethereum before it crashed so bad, now I've lost a reasonable amount of money, and by looking at the graphs, most coins have shown no resistance to ease the fall.

Ethereum is one of the top coins.
Personally, I really like this coin. My portfolio is also mostly decreased, the market is red right now, but it shows a good movement. Because the coin that you bought is Ethereum, personally, I will hold it and I will not worry too much. ETH is sure, one of the best altcoins.
However, the decision is yours, if your stop loss right now is not late yet, do it. But if it is late now, it is better for holding them.

[Ultegra134]

I've bought Ethereum before it crashed so bad, now I've lost a reasonable amount of money, and by looking at the graphs, most coins have shown no resistance to ease the fall.

Ethereum is one of the top coins.
Personally, I really like this coin. My portfolio is also mostly decreased, the market is red right now, but it shows a good movement. Because the coin that you bought is Ethereum, personally, I will hold it and I will not worry too much. ETH is sure, one of the best altcoins.
However, the decision is yours, if your stop loss right now is not late yet, do it. But if it is late now, it is better for holding them.

I wasn't really worrying about Ethereum in particular, but the market in total. However, we can see that the market has greatly recovered and there is nothing to worry about anymore. Ethereum has a lot of potential and the $2.000 target won't be a far goal from now. If Bitcoin rallies to higher price levels, Eth will follow and even reach $2.500-$3.000 in a matter of a few months.

[TribalBob]

wrong thinking in my opinion, 3 days ago I bought ETH and today I got 5% profit from my previous purchase, don't confuse friends, when the market is correction , the price will dump, but if you believe there is a period of return to hold the token You get a profit instead of selling all the assets, I think you mean the group of people who panic during the red market

[Ultegra134]

wrong thinking in my opinion, 3 days ago I bought ETH and today I got 5% profit from my previous purchase, don't confuse friends, when the market is correction , the price will dump, but if you believe there is a period of return to hold the token You get a profit instead of selling all the assets, I think you mean the group of people who panic during the red market

Not really, I try not to panic in dumps, I usually buy in every dump I've witnessed in pursuit of selling at a higher price. I bought thinking that the market wouldn't crash any further, but it did. However, I couldn't have predicted such a move, Ethereum had already fallen quite a lot, and it did look like an opportunity.

Fortunately, we can all observe that the market has well recovered already, in a matter of a few days after this thread was created.

[Trinx01]

You have made a bad decision for buying there before it goes down, so you should not sell it unless it recovers again, there is still a big chance that it will go up again just ho it until you see the result. If you already made a mistake then you should not make it again, you know that volatility of cryptocurrency is existing nowadays so just wait for the right time.