What are you doing with your alt bags

[BitKongy]

It's starting to look like we are going to see a huge dump in the coming weeks into 2023, altcoins are in trouble as big venture capitals are selling off their holdings, and another one today is DCG



Almost all altcoins are now making new all time low, Gala games for example look like it's going to 0.015$ after holding 0.025$ for months, I have halted my buys right now because I believe that BTC will go lower, what are you plans?

[Jawhead999]

Almost all altcoins are now making new all time low, Gala games for example look like it's going to 0.015$ after holding 0.025$ for months, I have halted my buys right now because I believe that BTC will go lower, what are you plans?

When Bitcoin price is increase, most altcoins price will increase too.
But when altcoins price is decrease, Bitcoin price will not go down because Bitcoin is independent and there's nothing can control it.

I think the past of Bitcoin histories where the price dump to $3000 and then comeback to $69K already give a good reason why Bitcoin is the best currency to buy during bear market. If you only wait without bought Bitcoin at cheap price, you will regret what you done only.

[janggernaut]

It's starting to look like we are going to see a huge dump in the coming weeks into 2023, altcoins are in trouble as big venture capitals are selling off their holdings, and another one today is DCG

Almost all altcoins are now making new all time low, Gala games for example look like it's going to 0.015$ after holding 0.025$ for months, I have halted my buys right now because I believe that BTC will go lower, what are you plans?

That already predictable already, even the news started from months ago

https://coingeek.com/digital-currency-group-under-strain-as-genesis-teeters-on-edge-of-bankruptcy/

Just like @CZ_Binance said on his interview back then after FTX collapse, he said, 1 by 1 and many other company will stop and bankrupt as well as they have put huge money on FTX.

If you are thinking to buy those coins which got dumped by DCG, better wait it, as the dump can be more deeper than now. $FIL, which got biggest dump, even still has $1billion marketcap, it's still huge IMO

[beerlover]

Just like @CZ_Binance said on his interview back then after FTX collapse, he said, 1 by 1 and many other company will stop and bankrupt as well as they have put huge money on FTX.

If you are thinking to buy those coins which got dumped by DCG, better wait it, as the dump can be more deeper than now. $FIL, which got biggest dump, even still has $1billion marketcap, it's still huge IMO

I read somewhere that total altcoin market may get dumped up to $300-$350 Billion levels (then it was around $440 billions) which means around $300 billions reversal may happen; that would be the right time to start accumulating more altcoins with mid to long term plans.

Personally I am holding few exchange coins like BNB. So, I guess I may buy more gradually on dips to maximize the potential profits. This may applicable only for reputed coins and not for all the coins including shit-ones.

[swogerino]

Almost all altcoins are now making new all time low, Gala games for example look like it's going to 0.015$ after holding 0.025$ for months, I have halted my buys right now because I believe that BTC will go lower, what are you plans?

When Bitcoin price is increase, most altcoins price will increase too.
But when altcoins price is decrease, Bitcoin price will not go down because Bitcoin is independent and there's nothing can control it.

I think the past of Bitcoin histories where the price dump to $3000 and then comeback to $69K already give a good reason why Bitcoin is the best currency to buy during bear market. If you only wait without bought Bitcoin at cheap price, you will regret what you done only.

I agree with you.Bitcoin is the king and it is always a good buy but I am personally just mining 2 coins,Raptoreum with CPU and ETHW with GPU-s,also I work online in some sites where I get paid in Litecoin so these are my only currencies that I hold except Bitcoin.I am not worried when I see all this dumping right now because it is normal before the holidays season and a bit in the first months of 2023,I know that when Bitcoin will recover so would have done all the other coins and until then I would have mined more than enough to be happy to sell.

[Bobrox]

Personally I am holding few exchange coins like BNB. So, I guess I may buy more gradually on dips to maximize the potential profits. This may applicable only for reputed coins and not for all the coins including shit-ones.

Seems today Binance coin got huge dump after many attack from United State government until I saw several tweet cornering Binance's position as a money laundering market. I know this FUD moment for many people get benefit reinvesting in lower price, but huge drop from Binance actually become questionable whet happen with Binance and can drop more than 15%.

I am not holding Binance coin but have several altcoin in my portfolio, I don't think have moment recovery few weeks later coming in 2023 or waiting until halving moment time for getting back my money. Still loyal with holding and not have ideas cut loss because I am optimist with Bitcoin can break higher price.

[DanWalker]

Almost all altcoins are now making new all time low, Gala games for example look like it's going to 0.015$ after holding 0.025$ for months, I have halted my buys right now because I believe that BTC will go lower, what are you plans?

When Bitcoin price is increase, most altcoins price will increase too.
But when altcoins price is decrease, Bitcoin price will not go down because Bitcoin is independent and there's nothing can control it.

I think the past of Bitcoin histories where the price dump to $3000 and then comeback to $69K already give a good reason why Bitcoin is the best currency to buy during bear market. If you only wait without bought Bitcoin at cheap price, you will regret what you done only.

I agree with you that bitcoin is the best coin in this bear season, as it will always be the first to recover and rise again. Bitcoin is also the safest coin in this crypto market, so investing in it should never be considered a wrong decision.

But I disagree with you that the drop in altcoins will not affect bitcoin, with the collapse of Luna and FTX shaking the market and bitcoin falling. News of DCG fund selling assets to save 2 subsidiaries along with Fuds of Binance is causing the market to plunge, and bitcoin once again suffers the same fate with the market. All are related to each other.

[michellee]

Almost all altcoins are now making new all time low, Gala games for example look like it's going to 0.015$ after holding 0.025$ for months, I have halted my buys right now because I believe that BTC will go lower, what are you plans?

I left my altcoins in my wallet waiting for the prices to go up again. And it will depend on the movement of bitcoin because if bitcoin doesn't increase or even decrease further, altcoins will definitely follow suit. I am now focused on buying more bitcoins, especially if the price can decrease.

I just hope that next year, there are altcoins that can start increasing even though bitcoin conditions are still not allowing it to increase. And I'm not worried about the current state of the crypto market because this has happened in the past few years.

[DeathAngel]

I’m doing the only thing that makes sense during a bear market. What I’m doing with my alt bags is what you should all be doing, adding to them. These are the times that you buy low to give you the opportunity to sell high in a few years.

After winter, comes Spring

[vanesha]

I think this happens at the end of each year. We always see a red market every time we approach the turn of the year. I think some ventures did sell most of their assets and some big whales also spent assets for year-end holidays with families.

[TheUltraElite]

I am only holding those shitcoins that I got from some bounties long time back. The only major altcoin I own is Ethereum and I am not buying any more of it buy holding on what I already have.

With the drop in prices in many altcoins, I am sure its holders would be in a bad situation right now not being able to make the decision to buy or sell. But I am sure they were warned previously about this on this forum, that altcoins are unpredictable and can get down in the dumps in a matter of hours.

I agree that price of bitcoin might go down and this is where keeping the money for buying bitcoin comes in.

[m2017]

Almost all altcoins are now making new all time low, Gala games for example look like it's going to 0.015$ after holding 0.025$ for months, I have halted my buys right now because I believe that BTC will go lower, what are you plans?

When Bitcoin price is increase, most altcoins price will increase too.
But when altcoins price is decrease, Bitcoin price will not go down because Bitcoin is independent and there's nothing can control it.

I think the past of Bitcoin histories where the price dump to $3000 and then comeback to $69K already give a good reason why Bitcoin is the best currency to buy during bear market. If you only wait without bought Bitcoin at cheap price, you will regret what you done only.

You are right, BTC is incomparably more stable than altcoins.

In theory, it was necessary to get rid of altcoins a long time ago. The longer you hold them in a falling market, the worse it gets. Loss after loss. BTC doesn't fall as much in percentage terms compared to altcoins.

Theoretically, you can buy altcoins, in the potential and future of which you believe, but it is not known how long the market will fall and by how much. It may turn out that we will see better prices in the future. Therefore, I allow partial purchases.

[Bitstar_coin]

What else can you do at this point than to hold, the whole market is bleeding so there is nothing much to do imo, except the person want to sell at a loss which is not a good idea if you ask me.
Btc is not looking any good and is taking other coins down as well, holding your bags is the safest way to get past this difficult period.

[Crypt0Gore]

It is very hard to predict the market bottom, I've come to a conclusion to build up to three different crypto portfolio with 3,000$ each and the plan is every year till the bull market is here. I've built one this year and I don't plan on buying more until June 2023 and I will do the same by January 2024. There is no point trying to know when to buy in a bear market, just have an accumulation strategy in place.

[$crypto$]

I am only holding those shitcoins that I got from some bounties long time back. The only major altcoin I own is Ethereum and I am not buying any more of it buy holding on what I already have.

With the drop in prices in many altcoins, I am sure its holders would be in a bad situation right now not being able to make the decision to buy or sell. But I am sure they were warned previously about this on this forum, that altcoins are unpredictable and can get down in the dumps in a matter of hours.

I agree that price of bitcoin might go down and this is where keeping the money for buying bitcoin comes in.

Altcoins are hard to recover from so for the current holders it is in a difficult time when the price fell more than 90% because it won't recover anytime soon even next year I'm not sure because I don't believe in altcoins.
Its been too bad for me as experience how used to keep altcoins in portfolio all assets went down almost 80% of all it didnt come true what i expected then after that have stopped buying altcoins and focused more on bitcoins.

When bitcoin falls it is different from altcoins, bitcoin is always a lot of bad because they buy when it dips and keep earning to accumulate it, so keep believing in bitcoin as one of the best investment coins.

[albon]

I am only holding those shitcoins that I got from some bounties long time back. The only major altcoin I own is Ethereum and I am not buying any more of it buy holding on what I already have.

With the drop in prices in many altcoins, I am sure its holders would be in a bad situation right now not being able to make the decision to buy or sell. But I am sure they were warned previously about this on this forum, that altcoins are unpredictable and can get down in the dumps in a matter of hours.

I agree that price of bitcoin might go down and this is where keeping the money for buying bitcoin comes in.

Fortunately, I did not hold these shitcoins for some bounties and sold them as soon as they were distributed by the Bounty managers. If we look at their prices now, they have collapsed and their prices have fallen below the cent, and I think that even if the market conditions improve, they will remain at these prices because unfortunately, their projects failed, so I lost hope in them. There are promising Altcoins other than Ethereum such as ADA, XRP, LTC, etc. You have to do your own research. It is a mistake to put all your funds in one currency, and your long-term investment will be a good opportunity for you to achieve huge gains, but you have to do your best in analyzing, following the chart, and looking at the news of the altcoins that will invest in and when the bull season comes and bitcoin rises, these Altcoins that you carefully chose will explode to good peaks.

[BIT-BENDER]

Altcoins is never certain and has never been, make smart Altcoins investors are aware of this and they understand how to maneuver around all this, although there is no sure way to truely understand how Altcoin works. It’s so uncertain that I myself always avoid altcoins completely.

But if there is going to be an Altcoin to suggest to a novice it would be top altcoins, I consider their volatility more stable than lower altcoins in the long run.

[crzy]

The market is going to become more worst and the price will continue to drop, for now I will just wait for that moment before buying. You’re exposed too much on many altcoins, i suggest to only buy good altcoins and diversify for at least 5 altcoins and don’t forget to have Bitcoin as well. This bear market will not last, green days will still come.

[DoublerHunter]

~snip~
Almost all altcoins are now making new all time low, Gala games for example look like it's going to 0.015$ after holding 0.025$ for months, I have halted my buys right now because I believe that BTC will go lower, what are you plans?

^Switch your nonsense altcoins to BTC quickly.
We know that altcoin's price always matters on the BTC price, it seems altcoins are tied up on the BTC which leads the market and if I were you, I will go in a safe option which is not worst when it comes to risk. I don't know GALA but I heard about this project, it is really risky to keep altcoins, especially new projects because you never know when their existence is. Convert your all bag to BTC, probably in my own that is the safest way to protect your portfolio or cut your loss by diversifying on a stable coin.

[Xal0lex]

The year 2022 is somewhat reminiscent of 2019. Back then, too, there were crazy sales and altcoin prices tumbled. Who sold, lost a lot, who didn't sell, earned a lot. Sell now? What's the point? You're giving your coins away for next to nothing, I personally didn't buy them to give them to the whales for pennies, that's not the right investment plan. If any coins in my portfolio collapse and are even cheaper, I will continue to buy them as much as possible.