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

[yat97]

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.

Yeah, I'm hoping since I bought mostly alt coins that are somewhat well known, they will return to their all time highs. I'm also crossing my fingers for the day the world realizes Vechains real world utility as a huge time and money saver.

[wxa7115]

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.

I do not know if the percentage is that bad but it is bad, the problem is that there are many coins that are released that unfortunately are created by scammers or by opportunistic people that just want to see if they can become rich quickly by releasing a coin.

This means that the quality in the market of altcoins can be very low, fortunately not all is bad, there are some developers that actually take their coin seriously and they do everything they can to support it, and while it could take some time those are the coins that eventually make it to the top of the market.

[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.

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.

Is buying low and sell high a better strategy than eating warm and tasty instead of cold and disgusting? Seriously, please seriously, we are more than that here on this forum, aren't we. Buy low and sell high is not a strategy, it is, I don't even know how to express, it is worthless talk, and that is the politest I could go for at this point.

Anyways, do me a favor. This weekend, eat warm and tasty, warm, and, tasty, ok? Very important for your success!

[7788bitcoin]

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.

The only problem i find is finding promising projects before the hype and i missed out on a lot of projects because there are literally thousands of projects being announced and it is difficult to follow everything. From my bitter experience i had in the past i usually do not fall for the hype but this time around almost all of the coins rallied a lot and some turned over 1000% which is crazy and i am well aware that those projects will close their doors and move on once the money dries.

[lalabotax]

That is a good idea, we can trade altcoins to get more profits. however, the difficult thing is the right time to trade altcoins, to buy and sell. because recently, the market is very not stable and it surprises us by the big drop and high at the short time.
But, we also already know the cycle of altcoins market prices. We can likely utilize every chance to get profits. As long as we are not greedy, panic, and also hype, we can still have a bigger chance to gain profits with our best analysis and strategy.
Holding Bitcoin is good, as like now, better to still hold bitcoin moroever the price is still at the low price.

[blockman]

People should learn the jot down of the process that OP said. You hold bitcoin and repeat that process through trading altcoins. It's okay to hold some altcoins that you see the future on it but you don't have to settle for those altcoins only and the main stay on your portfolio is always bitcoin. The proven strategy of holding bitcoin and trading your altcoins if you're at profit is always the best strategy for me. There might be some traders and holders of other altcoins that made a lot but with this, it is all about the consistency of bitcoin that has always been seen for years and you'll have peace of mind.

[tvplus006]

... at the current market trend majority of the altcoins are on the risk of losing their value, it's a game of the fittest and every coin is fighting to survive.

Most altcoins have already lost their value. Only the top altcoins lost 50% of their value, which is approximately equal to the fall of bitcoin. The loss in the price of the remaining altcoins is comparable to the fall that we saw in 2018 and is up to 90% of its high. And now we can not count on a rapid recovery of the market, and accordingly the prices of altcoins.

[Ozero]

I have read your thoughts and can say, do you know where your problem is? You just picked a bad time to buy altcoins. I have a feeling that you don't want to miss the whole party and got in, even though it was too late. Just be patient and don't miss a good starting point

The time of investing and withdrawing your capital from cryptocurrency in order to fix profits is one of the key in working with cryptocurrency. However, here we have always made and will continue to make mistakes, since the price movement of the cryptocurrency is very unpredictable. Of course, you need to try in this matter, and there are various methods here. We must know in advance what price target we want to achieve and quickly respond to changes in the market situation.

[gundala]

... at the current market trend majority of the altcoins are on the risk of losing their value, it's a game of the fittest and every coin is fighting to survive.

Most altcoins have already lost their value. Only the top altcoins lost 50% of their value, which is approximately equal to the fall of bitcoin. The loss in the price of the remaining altcoins is comparable to the fall that we saw in 2018 and is up to 90% of its high. And now we can not count on a rapid recovery of the market, and accordingly the prices of altcoins.

the hysteria some time ago was incredible. I have reminded some of my friends who are too excited to join without preparing for the anticipation if a storm suddenly comes. and sure enough ... prices have not recovered and most of them were forced to cut loss or wait who knows how long. that's how cryptocurrency is always full of surprises, if you don't have management and awareness in managing funds you will be trapped. sometimes luck does play a role but until when only rely on luck? we have to learn and adapt so we don't get carried away easily.

[ARTURVH]

There are few people  can predict the correct time when to leave the market even on Bitcoin。Greed makes us to believe our token and coins  will go  up again,thart makes us lost more. Buying bitcoin is a long time investing.Please keep  patient.

[Kiley33]

Because people are greedy and want to make more money. There are some hyped altcoins that need to be sold at the right time, but if the currency you invest in keeps falling, don't panic, it will rise, but control your emotions and don't miss the opportunity.