Exiting altcoins at the correct time is the best thing you can do do with them.

[Emmychris]

Obviously the crash caused pain to many traders and investors, there is always this one thing called greed that won't let traders and investors take profits while in profit, so bad the market crash took many of us unaware, i was so happy putting all i got in crypto and seeing my account growing x5, i felt good and rich untill the market crash which made me loose almost everything i got, well i have learnt my lesson but so bad i learnt it the hard way. This crash has made many of us to turn into a bag holder waiting for market to pump.

[xzone]

The cardinal rule is always been to buy low and sell high, here in the Cryptocurrency market you are not guaranteed of hodling a coin for a very long time except Bitcoin, coins come and go and there are coins that take time to make a profit, everything here is timing and the right time to buy and sell, I consider the Cryptocurrency market as the riskiest, you have to invest what you can afford to lose.

What you said is completely correct. Unfortunately, in the last year, we have seen too many new investors with no experience. These people invested all their money to get rich in a short time and lost a lot of money. And when they saw that prices were starting to drop, they sold everything and couldn't buy it back.
Investing is not an easy thing, it is very difficult to sell what you have at the right time. People who can do this make money

[TWW]

What you said is completely correct. Unfortunately, in the last year, we have seen too many new investors with no experience. These people invested all their money to get rich in a short time and lost a lot of money. And when they saw that prices were starting to drop, they sold everything and couldn't buy it back.
Investing is not an easy thing, it is very difficult to sell what you have at the right time. People who can do this make money

it's because they are affected by the pump and the best that bitcoin shows. it makes the adoption of new investors increase. they come with considerable money but without sufficient experience and knowledge.
new investors do not have the experience to make an investment plan on an altcoin project. even though the selected asset is a top market asset but when they do not have the experience to make careful planning, they can get caught up in the corrections that occur in the market.
in fact, those who have a long time and experience in seeing how the market is trending are the winners.

[johnwest]

Most of the alts from the previous Bull run are actually ZERO now. They haven't worked for months/years and now their coin won't be having any value unless they do something. Investing in altcoins is a risky business, especially those who are below the top 100 on coinmarketcap or don't have a proper community. I would suggest that if you are in a profit then exit and keep your principle mainly in USDT or BTC.

[SacriFries11]

The cardinal rule is always been to buy low and sell high, here in the Cryptocurrency market you are not guaranteed of hodling a coin for a very long time except Bitcoin, coins come and go and there are coins that take time to make a profit, everything here is timing and the right time to buy and sell, I consider the Cryptocurrency market as the riskiest, you have to invest what you can afford to lose.

I think it's not the best option right now not just to hold for a long time unless you're not updated with the market. There are times that we also need to sell at the top especially when it hits all time high then probably just need to wait for the big correction again or just wait again for the bear market to sell again. I think it's good to do that strategy rather than just hold it and not just hold it. At that moment, we can get profit and add again more altcoins in our wallets.

[Rakeshten]

I liked your rule, Hold Bitcoin trade altcoins. I like to trade with altcoins but all altcoins can't give 2x, 10x or 100x. Some altcoins are good for short-term trading. Bitcoin is going downward so I think we will get good time for filling our bag with good altcoins.

[wxa7115]

It's rainbows and sunshine until you realize how unpredictable the market in this industry is, lol. But yes, I get your point. The only problem is that most of the people nowadays (the new comers) are too gullible and only choose to invest because of hype which makes them end up buying on peaks and selling at a loss on dumps. Even those who get lucky enough to invest before the peak become too greedy and do not exit which leads to losess again. Until these people learn to do their own research and control their greed, they will not be able to make profits and lose money instead.

This is basically the issue, we know that investing in altcoins can be profitable and the earlier you get in the coin the more money you could make but it is difficult to select the right coin, we have seen many coins in the past pumping and in fact reach some of the highest positions in the market that were scams, with the best example of this being bitconnect, and we have seen many coins with decent potential that never caught the eye of the community.

This makes the market even more unpredictable and makes it difficult to apply any strategy as simply put the market does not make sense, especially when it comes to new projects.

[no-ice-please]

The cardinal rule is always been to buy low and sell high, here in the Cryptocurrency market you are not guaranteed of hodling a coin for a very long time except Bitcoin, coins come and go and there are coins that take time to make a profit, everything here is timing and the right time to buy and sell, I consider the Cryptocurrency market as the riskiest, you have to invest what you can afford to lose.

What you said is completely correct. Unfortunately, in the last year, we have seen too many new investors with no experience. These people invested all their money to get rich in a short time and lost a lot of money. And when they saw that prices were starting to drop, they sold everything and couldn't buy it back.
Investing is not an easy thing, it is very difficult to sell what you have at the right time. People who can do this make money

The cardinal rule is not a rule but wishful thinking. Everybody wants to buy low and sell high. That is not a rule. Everybody wants to eat warm and tasty. Is that a rule? I am confused by some people's ability to talk nonsense about trading in general in such a fundamental way.

[Sithara007]

I liked your rule, Hold Bitcoin trade altcoins. I like to trade with altcoins but all altcoins can't give 2x, 10x or 100x. Some altcoins are good for short-term trading. Bitcoin is going downward so I think we will get good time for filling our bag with good altcoins.

If Bitcoin goes down, then in the long term alts will go down as well. Even the established alts remain heavily dependent on Bitcoin. And also, since many of these altcoins are purely driven by hype (I am not talking about genuine coins such as Ethereum, BNB or Cardano), when the overall cryptocurrency market goes down, their prices get affected disproportionately. IMO, the ideal opportunity to purchase altcoins will come in the next few months, but this is not the right time. Wait until the Bitcoin dominance gets to 60% or 65%.

[Kemarit]

I liked your rule, Hold Bitcoin trade altcoins. I like to trade with altcoins but all altcoins can't give 2x, 10x or 100x. Some altcoins are good for short-term trading. Bitcoin is going downward so I think we will get good time for filling our bag with good altcoins.

I'm sure we all know that majority of altcoins are dependent on Bitcoin's price movement. So if BTC went down, so is those altcoins who are in the top coin. But for those shitcoins, well, purely pump and dump, it might give you x2-x10, but it's not a guaranteed that you can always spot them unless you are a member of some p&d group. But just warning for those who are in a p&d group, it's not also a sure fire to win a lottery. So it's better just to fill our bags with altcoins that has used case or at least in the top 20.

[MusaMohamed]

I'm sure we all know that majority of altcoins are dependent on Bitcoin's price movement. So if BTC went down, so is those altcoins who are in the top coin. But for those shitcoins, well, purely pump and dump, it might give you x2-x10, but it's not a guaranteed that you can always spot them unless you are a member of some p&d group. But just warning for those who are in a p&d group, it's not also a sure fire to win a lottery. So it's better just to fill our bags with altcoins that has used case or at least in the top 20.

In pump and dump groups, the late signal receivers will buy up the price and buy sold coins of earlier receivers of signal in the same group. A signal in those groups can bring profit for some and losses for the others.

It depend on how fast you join their signal parties but this nature makes people are more excessively greed and they ignore all risks to jump on with hope that they are early participants and signals work.

Sometimes signals can fail and all will end with loss, exceptions are group owners.

[no-ice-please]

I'm sure we all know that majority of altcoins are dependent on Bitcoin's price movement. So if BTC went down, so is those altcoins who are in the top coin. But for those shitcoins, well, purely pump and dump, it might give you x2-x10, but it's not a guaranteed that you can always spot them unless you are a member of some p&d group. But just warning for those who are in a p&d group, it's not also a sure fire to win a lottery. So it's better just to fill our bags with altcoins that has used case or at least in the top 20.

In pump and dump groups, the late signal receivers will buy up the price and buy sold coins of earlier receivers of signal in the same group. A signal in those groups can bring profit for some and losses for the others.

It depend on how fast you join their signal parties but this nature makes people are more excessively greed and they ignore all risks to jump on with hope that they are early participants and signals work.

Sometimes signals can fail and all will end with loss, exceptions are group owners.

These signal groups are a scam because those who lead those groups already filled their bags before giving anyone the signal or the "secret hint" to buy a sleeper who is going to blow up in value. I would never follow these signal coins. The only guys who get rich are those who sell right into those buy orders of those they give the buy signals to. As far as I know they usually don't recommend good timings to sell.

[Questat]

I liked your rule, Hold Bitcoin trade altcoins. I like to trade with altcoins but all altcoins can't give 2x, 10x or 100x. Some altcoins are good for short-term trading. Bitcoin is going downward so I think we will get good time for filling our bag with good altcoins.

If Bitcoin goes down, then in the long term alts will go down as well. Even the established alts remain heavily dependent on Bitcoin. And also, since many of these altcoins are purely driven by hype (I am not talking about genuine coins such as Ethereum, BNB or Cardano), when the overall cryptocurrency market goes down, their prices get affected disproportionately. IMO, the ideal opportunity to purchase altcoins will come in the next few months, but this is not the right time. Wait until the Bitcoin dominance gets to 60% or 65%.

Bitcoin rallying back above $30k, it feels more exciting to see that altcoins will have their way to rise again (that only if they are totally dependent on Bitcoin). To think about investing in potential altcoins this time will be the best (or at least) option. But of course, we need to hold as we can see that the market seems too slow to recover unlike when we are in bullish season.
I hold BTC and invest more in altcoins...I hope it works.

[no-ice-please]

I liked your rule, Hold Bitcoin trade altcoins. I like to trade with altcoins but all altcoins can't give 2x, 10x or 100x. Some altcoins are good for short-term trading. Bitcoin is going downward so I think we will get good time for filling our bag with good altcoins.

If Bitcoin goes down, then in the long term alts will go down as well. Even the established alts remain heavily dependent on Bitcoin. And also, since many of these altcoins are purely driven by hype (I am not talking about genuine coins such as Ethereum, BNB or Cardano), when the overall cryptocurrency market goes down, their prices get affected disproportionately. IMO, the ideal opportunity to purchase altcoins will come in the next few months, but this is not the right time. Wait until the Bitcoin dominance gets to 60% or 65%.

Bitcoin rallying back above $30k, it feels more exciting to see that altcoins will have their way to rise again (that only if they are totally dependent on Bitcoin). To think about investing in potential altcoins this time will be the best (or at least) option. But of course, we need to hold as we can see that the market seems too slow to recover unlike when we are in bullish season.
I hold BTC and invest more in altcoins...I hope it works.

With Bitcoin it is a bit complicated right now I would say and the alt coin investors are also hesitant to make decisions. When it looks like Bitcoin will go for a run, out of a sudden it turns around and goes down again. We need some more certainty and good news and then there will be more action again with alts I guess.

[wxa7115]

The cardinal rule is always been to buy low and sell high, here in the Cryptocurrency market you are not guaranteed of hodling a coin for a very long time except Bitcoin, coins come and go and there are coins that take time to make a profit, everything here is timing and the right time to buy and sell, I consider the Cryptocurrency market as the riskiest, you have to invest what you can afford to lose.

What you said is completely correct. Unfortunately, in the last year, we have seen too many new investors with no experience. These people invested all their money to get rich in a short time and lost a lot of money. And when they saw that prices were starting to drop, they sold everything and couldn't buy it back.
Investing is not an easy thing, it is very difficult to sell what you have at the right time. People who can do this make money

The cardinal rule is not a rule but wishful thinking. Everybody wants to buy low and sell high. That is not a rule. Everybody wants to eat warm and tasty. Is that a rule? I am confused by some people's ability to talk nonsense about trading in general in such a fundamental way.

Since trading is such a huge thing here it is natural that we see all kind of advice, however when we take into account that those that actually know how to trade have no incentive to share their strategies and how they make money in the markets this means the level of the information available is very low.

After all everyone wants to buy low and sell high, but that is not a strategy, that is the goal, how to get to the point we could do that consistently is the whole point of a trading strategy and yet only a very small minority know how to do that.

[gurunanakji777]

I must say nobody can predict the market in advance perfectly. It depends on the coin to coin it's not like that you will only able to earn profit from BTC there are some other coins that can also be profitable if hold for the long term, for example, Ethereum and BNB. Only holding Btc is profitable is your perception. Yes, due to the recent dip majority of the Altcoins dropped hard and those who sold at right time are in a comfortable position. The Crypto market checks your patience level most of the time. Smart traders are those who exit the trade with a set target because sometimes greed can cause you to lose all your profit so be a smart trader/investor.

[Mihawk]

Why not Hold BTC and BTC trading at a lower percentage? Why trading Altcoins knowing that price fluctuations are greater than in relation to BTC? From the loss and loss experience you've gone through I believe most people have gone through this and what you said about these projects not going back to their peak prices is really true. Well, it's clear who will survive the next few years and who is bound to devalue and be worth less than pennies.

[Golftech]

Why not Hold BTC and BTC trading at a lower percentage? Why trading Altcoins knowing that price fluctuations are greater than in relation to BTC? From the loss and loss experience you've gone through I believe most people have gone through this and what you said about these projects not going back to their peak prices is really true. Well, it's clear who will survive the next few years and who is bound to devalue and be worth less than pennies.

Proven by time Bitcoin will remain the best asset that fits to this kind of investment, if you don't want

suffered from huge losses due to huge volatility, maybe if you are wiling to gamble and risk your money,

sorting alts and try to ride with the train would give you something decent, just a matter of how you can

manage things if it wont go according to your direction.

[Sithara007]

The sad truth about altcoins is that, out of the 10,000-15,000 altcoins in existence, only around 1% or 2% are going to survive in to the distant future. So if you want to make good profits from altcoin, you need to plan the exit strategy in advance for most of the coins. Long term hold may be risk with such cryptocurrencies. On my part, if an altcoin is outside the top-20 list in conmarketcap, then the maximum duration that I would hold is 12 months. If it has enough potential, it will break in to the top-20 by then. If not, it's time to get rid of it.

[tvplus006]

Since the price of an altcoin with a BTC dump decreases to 80-90%, it is necessary to use a stop loss. Otherwise, you will have to wait a very long time for the price of altcoins to recover after the dump. But even in the event of a market recovery, not all altcoins will return to their ATH, most of which will remain at the bottom.