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Author Topic: What are you doing with your alt bags  (Read 706 times)
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December 17, 2022, 09:06:37 PM
Merited by tygeade (2)
 #21

I hold them to be fair. I have some that are gone like literally gone to cents from hundreds of dollars and I have absolutely no hope that they would recover, they are just zero in my eye, but what am I supposed to get from selling something for 3 cents, I mean that doesn't even cover the transaction fee so isn't it normal to just keep them. Some of them are not that bad, they are down %90 which is a lot for sure but not "gone" we are in a bear market so maybe they will recover, and that's why holding them is a good idea as well. I never really felt like selling anything at any point, even if they were a mistake, I just hold them.

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December 17, 2022, 09:11:01 PM
 #22

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?
Honestly, you are investing altcoins that are certainly at a low value in the market, therefore, it was hard to expect them to look green while Bitcoin is also on the decline situation. These coins are more independent of Bitcoin and when it dumps, these altcoins are badly affected and dump more.
And if you have trust in these coins, I suggest that you extend your patience and keep them, never think about selling them as you are probably at loss. May these coins will surge during the bull market, you'd better wait for that moment. If you have some funds, make use of it for other coins which are more profitable than these coins that you have mentioned.



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Rainbot
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December 17, 2022, 09:18:54 PM
 #23

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?
Honestly, you are investing altcoins that are certainly at a low value in the market, therefore, it was hard to expect them to look green while Bitcoin is also on the decline situation. These coins are more independent of Bitcoin and when it dumps, these altcoins are badly affected and dump more.
And if you have trust in these coins, I suggest that you extend your patience and keep them, never think about selling them as you are probably at loss. May these coins will surge during the bull market, you'd better wait for that moment. If you have some funds, make use of it for other coins which are more profitable than these coins that you have mentioned.

Maybe not only profitable but a very solid one that you think won't continuously decline its price,
but with high chance of recovering once bitcoin is also going up its price.
And with this consideration, you should consider alts with very strong presence in the market.
In terms of its application, should be widely used by many crypto users, just a good example is the ETH project.
Discard alts that you think are stagnant with their updates, because more than likely, the devs have no future plans for this project.
Better get something rather than wait for the alt to lose its value and lose your money without a fight.
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December 17, 2022, 09:22:35 PM
 #24

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?
Are you buying altcoins right now? Because if that is the case I can tell you this is a mistake, if you already had a lot of altcoins in your portfolio and you failed to sell when the market began to crash then I can understand if you held those coins hoping for a recovery, but to buy altcoins when we are still in the middle of a bear market is a big no, because as we know altcoins not only are even more volatile than bitcoin but they are also way more prone to disappear out of nowhere, which could leave you holding a bunch of useless coins if you are not careful.
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December 17, 2022, 09:32:33 PM
 #25

Filling up more good altcoins especially with BNB and XRP because I know they can survive all the FUD and when the market recovers they will also rise. If you are going to deal with the altcoins better not to buy any shit tokens or small tokens, because for me they are not worth it and there’s a huge risk dealing with them, I’m also limiting my exposure to altcoins as much as possible.
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December 17, 2022, 10:05:03 PM
 #26

there's nothing much that you can do in such trend other than just holding your coin until it will rise in value again, it's indeed the future of alts in general still seems grim, the current trend might be well getting prolonged due to many things like economic crisis, right now the stock market is also in such difficult situation, cryptocurrency is the same, but surely for anyone with money they could easily make some accumulation and get immediate returns once the trend is changing.

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December 17, 2022, 10:17:19 PM
 #27

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?

I don't really looke at my portfolio value anymore at the moment, that is just to depressing for me lul. It as already down like 95% in comparion to it's ATH from back in may 2021, even before all that stuff with Terra, FTX and now Binance happened and now it is even way lower than that. I will just keep hodling my altcoins because it would just feel wrong to sell them now after i have held them for so long all the way down. To sell now would mean i would realize those losses or to throw away that potential profits.
I am pretty relaxed though as i only have small amounts into crypto and that is only money that i can afford to lose without any impact on my daily life.
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December 18, 2022, 04:30:40 PM
 #28

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

https://i.imgur.com/riSRcRT.jpeg

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 do nothing.

I've got no feelings anymore on these drops that we're seeing because there is nothing we can do to stop it. So, I just let it go, whether it goes up or not, then that's it.

I have halted my buys right now because I believe that BTC will go lower, what are you plans?
Then start buying when you see the lows of it so that you'll be able to accumulate a lot.
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December 18, 2022, 05:07:58 PM
 #29

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?

I don't really looke at my portfolio value anymore at the moment, that is just to depressing for me lul. It as already down like 95% in comparion to it's ATH from back in may 2021, even before all that stuff with Terra, FTX and now Binance happened and now it is even way lower than that. I will just keep hodling my altcoins because it would just feel wrong to sell them now after i have held them for so long all the way down. To sell now would mean i would realize those losses or to throw away that potential profits.
I am pretty relaxed though as i only have small amounts into crypto and that is only money that i can afford to lose without any impact on my daily life.
That's the best you can do. Selling at a 95% loss isn't worth it given that you will only receive a pinch of your investment. I have the same scenario during the 2018 bear market but I had sold my assets that time even I know it isn't worth it, The result is I regretted my decision and decided to just don't touch any coins that has lost 90% of value over the buying price. That's a good way of managing your funds. As long as you have money for survival, you won't be force to sell at a loss. I learned it the hard way.

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December 18, 2022, 11:41:23 PM
 #30

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

https://i.imgur.com/riSRcRT.jpeg

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 do nothing.

I've got no feelings anymore on these drops that we're seeing because there is nothing we can do to stop it. So, I just let it go, whether it goes up or not, then that's it.

I have halted my buys right now because I believe that BTC will go lower, what are you plans?
Then start buying when you see the lows of it so that you'll be able to accumulate a lot.
Well you could do something if you're really that eager to profit such as moving from one altcoin to another which would be more profitable, just if you'd like to. There are just investors which do not move their asset around and that's just fine. On my end, I tend to move around the cryptospace. The only risk is to make your losses bigger if you'd come across with a worse token. Market downfall is obvious and it is just a matter of trial and errors if you'd do the same thing as mine. Just sharing.
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?

I don't really looke at my portfolio value anymore at the moment, that is just to depressing for me lul. It as already down like 95% in comparion to it's ATH from back in may 2021, even before all that stuff with Terra, FTX and now Binance happened and now it is even way lower than that. I will just keep hodling my altcoins because it would just feel wrong to sell them now after i have held them for so long all the way down. To sell now would mean i would realize those losses or to throw away that potential profits.
I am pretty relaxed though as i only have small amounts into crypto and that is only money that i can afford to lose without any impact on my daily life.
That's the best you can do. Selling at a 95% loss isn't worth it given that you will only receive a pinch of your investment. I have the same scenario during the 2018 bear market but I had sold my assets that time even I know it isn't worth it, The result is I regretted my decision and decided to just don't touch any coins that has lost 90% of value over the buying price. That's a good way of managing your funds. As long as you have money for survival, you won't be force to sell at a loss. I learned it the hard way.
I agree. On such cases, it would be better to just be firm with your investment. Unless there are no chances for a recovery (you decide). There are 'dead tokens' in this industry which does not move even during bullish trend. If you have this kind of investment, it would be better to choose liquidation to free your mind from it. But if you could just set the amount aside, you may just also keep it as some sort of additional asset.

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December 18, 2022, 11:46:59 PM
 #31

there's nothing much that you can do in such trend other than just holding your coin until it will rise in value again, it's indeed the future of alts in general still seems grim, the current trend might be well getting prolonged due to many things like economic crisis, right now the stock market is also in such difficult situation, cryptocurrency is the same, but surely for anyone with money they could easily make some accumulation and get immediate returns once the trend is changing.
Either you hold or sell those tokens because not all altcoins are worth to hold, you still need to choose the best. You can also increase your holding by buying more which is I’m doing right now, top altcoins are pretty cheap this is a good opportunity so better grab it. This bear trend might stay longer, those who prepared for this will win in the future, this is not the end yet for altcoins so don’t panic about the fud.
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December 19, 2022, 12:47:02 AM
 #32

I have halted my buys right now because I believe that BTC will go lower, what are you plans?

You sure bout that? Coz Bitcoin does not follow alts trend, but it is the other way around.
We're not even sure which alts are sustainable and which will just gradually die down after not being able to recover the bear market.
Now, you should indeed halt in buying unreliable alts and fill your Btc bag.
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December 19, 2022, 01:42:17 AM
 #33

Mostly altcoins go up and down with Bitcoin's up and down. When the Bitcoin was on all time high the altcoins also touch the All time high.
By the way I don't trust on any altcoin I mostly prefer Bitcoin. I believe in Bitcoin. I think Bitcoin will never disappoint us. If we hold tight. Smiley

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December 19, 2022, 03:08:38 AM
 #34

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?
Bitcoin is going lower and lower because we are in bearish market right now. Most of the altcoins are going down because usually it's following Bitcoin's price mostly. At least if you don't need emergency funds and would like to take a risk then would be better to just hold it. Otherwise, you can cut losses the loss and wait until the price is most likely "stable" for bit longer.

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December 19, 2022, 03:18:46 AM
 #35

I do nothing for the altcoins I have in my wallet. I wait for its time to rise again, even though I know it will take time. And right now, many of those altcoins are dropping in price but I'm fine. But I'm still trying to buy more for those coins that have a chance to increase again. Hopefully, some altcoins can improve so I can be as profitable again as before. Now I still want to collect more bitcoins because they are still at a reasonable price for me.

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December 19, 2022, 08:43:51 AM
 #36

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?

Well, I'm the same, going to DCA but right now I want to see the next month in January. Maybe we can see another bottom in Q1 2023 but no one knows or right now is the bottom for all cryptocurrencies. There are a lot of negative conditions from external like recession in the next year, FUD over Binance, crisis energy, and many more.

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December 19, 2022, 08:49:02 AM
 #37

I'm still trying to buy more for those coins that have a chance to increase again. Hopefully, some altcoins can improve so I can be as profitable again as before. Now I still want to collect more bitcoins because they are still at a reasonable price for me.
When are confident about the technology and business behind some altcoin and that altcoin is falling down, we do not have any other option except buying more to average to get better benefits in long run. Investing into bitcoin at this bottom of bearish market must be a wise decision on my opinion; I appreciate that but for buying altcoin at bottom prices needs lots of cautious. So, diversifying your altcoin bag will help among these highly unpredictable altcoins.

going to DCA but right now I want to see the next month in January. Maybe we can see another bottom in Q1 2023 but no one knows or right now is the bottom for all cryptocurrencies.
Once you decided about DCA then you may go investing for 10% of your capital each week till the end of first quarter of 2023. DCA is a weapon to help you for NOT missing out bottom. No one could invest their all 100% capital at exact bottom but everyone can catch bottom for some of their capital through DCA.

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December 19, 2022, 09:55:28 AM
 #38

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.

Besides holding, I think we need to do one more thing that is equally important: stop buying altcoins, investing in altcoins at this point is too risky and not worth the risk. If we continue to believe bitcoin will fall further, then altcoins will fall even more, and if we buy now our losses will increase further.
I also have some altcoins in my bag, but I stopped buying more and stopped DCA with the alts I bought before, I'm just focusing on bitcoin for now.

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December 19, 2022, 11:19:12 AM
 #39

I do nothing for the altcoins I have in my wallet. I wait for its time to rise again, even though I know it will take time. And right now, many of those altcoins are dropping in price but I'm fine. But I'm still trying to buy more for those coins that have a chance to increase again. Hopefully, some altcoins can improve so I can be as profitable again as before. Now I still want to collect more bitcoins because they are still at a reasonable price for me.
If we are long-term investors, we never have to worry about the current market situation. Indeed the best thing to do is to keep calm and hold, and never mind about the price decline. As long as we are investing in trusted and usable projects, it eventually rises when the market will recover. But with those coins that OP has, I don't think this will have a big chance to recover, yet it is just a little chance. If I have those coins, I already sell them earlier and not to wait for another crash as surely to fall hard than the others.

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December 19, 2022, 01:12:00 PM
 #40

I hold them to be fair. I have some that are gone like literally gone to cents from hundreds of dollars and I have absolutely no hope that they would recover, they are just zero in my eye, but what am I supposed to get from selling something for 3 cents, I mean that doesn't even cover the transaction fee so isn't it normal to just keep them.
This reflects exact my stand on my altcoin hoarding. Honestly we do not have any other option except keep holding even we do not have any belief about good returns out of initial investments. Waves and ada are good example here trading below with more than 80% down from their ATH price levels. But, these are the coins I personally believe about bouncing back to get me massive profits if we keep accumulating some more at current prices.

Once you decided about DCA then you may go investing for 10% of your capital each week till the end of first quarter of 2023. DCA is a weapon to help you for NOT missing out bottom. No one could invest their all 100% capital at exact bottom but everyone can catch bottom for some of their capital through DCA.
Most crypto investors are deciding to invest more during the bullish market and in bear market they do keep waiting for more cheaper prices even their TA indicates about right time and price to buy. So, DCA is only on theoretical; in reality buying is being decided on FOMO.

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