What happens to altcoins ?

[disconnectme]

You need to have a clear understanding of what you want from Crypto. Are you an investor or a trader, people mix these two together, a mindset of a trader is different from an investor, if you are a trader you should cut your losses fast because it will hit your portfolio but if you are an investors and with a time range you want to hold the token and should not worry about price moving against you for like 3 months unless there is a bad news like hacks, FTX going bankrupt or Luna depeg. You need a working plan to make it in crypto

[Ngemmeng]

Yes, I did invest in altcoins. I recently bought BMTC shortly after its listing on Bitget particularly because I had the intentions of participating in an ongoing event on the exchange. My thoughts about altcoins is almost similar to everyone's opinion here. It is really volatile but I personally think they're worth investing in as most of them can offer quick returns on investment. I'm a big risk taker tho, lol. NFA.

there are no stable altcoins other than stable coins. if you want to be more stable, don't invest in new altcoins or altcoins with low market capitalization because the prices of these altcoins are very easy to manipulate or control. choose altcoins like ETH or BNB so that the price is more stable, besides that investing in these two altcoins is also the best and safest investment at the moment.

[JahriMeayer]

You’ve invested with bitcoin and eth, which is wise decision. I don’t see any problem here But as this is bear market, so market correction is common here. You shouldn’t upset about such price correction. Market may remain same this year but i believe recovery will happen soon and hope we'll see uptrend in next year. I think now you should hold you capital, rather then buy more but if dip come according to your analysis, then you can more some more share to average price for minimize loss

[Rupok]

What people think about investing in altcoins Although many are aware of the risks.  Altcoins are actually always more volatile than Bitcoin.  But if one buys altcoins and they are likely to get good returns, then you can hold them until the situation reverses. But sometimes altcoins offer more profitable opportunities than other altcoins. But in this case it is important to choose the right altcoin.  As Bitcoin gains momentum, Altcoins will experience the same trend that has been observed all along. So besides investing in altcoins I think Bitcoin and Ethereum should be invested.

[nimogsm]

This is a fairly standard situation for the crypto market. Such questions are most often asked by newcomers who have just entered this industry. and that's absolutely normal. Most often this happens from a lack of understanding why the market is going down when the user wanted to quickly make a profit. A simple example is a bnb drop of -10% per day.

[cryptoknightt]

The market is experiencing sideways after the increase from last October, and also recently we heard the big news that Changpeng Zhao resigned from the position of CEO of Binance. I think in the next few weeks the market will go down because of this news.

[God bless u]

The market is experiencing sideways after the increase from last October, and also recently we heard the big news that Changpeng Zhao resigned from the position of CEO of Binance. I think in the next few weeks the market will go down because of this news.

Market already down from yesterday after this bad news. Binance announced new CEO and Changpeng Zhao  also appreciated new CEO for great past experiences..I hope there be no more panics after this news..Some major coins dumped down more than 10% but now if you check market many coins again raised..

BNB price is still down which is due to bad news  where some heavy fund withdraw by investors from the exchange..Market doesn't rise parabolic..When market correction happens , it is opportunity to buy otherwise we will not get opportunity to buy our coins in down rate.

[ivankoh]

The market is experiencing sideways after the increase from last October, and also recently we heard the big news that Changpeng Zhao resigned from the position of CEO of Binance. I think in the next few weeks the market will go down because of this news.

It is unfortunate that this unfortunate news for the cryptocurrency space comes directly when the market is achieving new trends. CZ is very trustworthy and has strong opinions on bitcoin and cryptocurrencies. Maybe this is a move to create a temporary decline and after what has happened. New market directions like DEFI will continue to get stronger again. Altcoin, BNB and bitcoin may be affected indirectly but I believe the market will rebound.

[Publictalk792]

Market already down from yesterday after this bad news. Binance announced new CEO and Changpeng Zhao  also appreciated new CEO for great past experiences..I hope there be no more panics after this news..Some major coins dumped down more than 10% but now if you check market many coins again raised..

BNB price is still down which is due to bad news  where some heavy fund withdraw by investors from the exchange..Market doesn't rise parabolic..When market correction happens , it is opportunity to buy otherwise we will not get opportunity to buy our coins in down rate.

It is sad news to hear that the market go down after Binance get a new CEO. But it is good to see that some coins are starting to get better. The price of BNB went down because people took their money out of it which makes sense because of the bad news. It is important to remember that when the market go down it can be a good time to buy. It is really important to stay informed and make good choices when you invest in cryptocurrencies.

It is unfortunate that this unfortunate news for the cryptocurrency space comes directly when the market is achieving new trends. CZ is very trustworthy and has strong opinions on bitcoin and cryptocurrencies. Maybe this is a move to create a temporary decline and after what has happened. New market directions like DEFI will continue to get stronger again. BNB will crash temporarily and bitcoin may be affected indirectly but I believe the market will rebound.

In my point of view the news has effected which it could. And the effect of news remain for some time after that market always try to recover itself and come up with a good hype. And in cryptocurrency market these kind of news always try to down the market but market has its own way it get effected for a while than it come up.

[Mate2237]

This is the date May 27, 2023, 02:50:46 AM you created this thread and you said you bought bitcoin of that amount and after buying bitcoin the price was going down and altcoins were also on the lane of volatile. Normally altcoins are the disciples of bitcoin so any price bitcoin has it affect the prices of all the altcoins so if the altcoins are behaving the nature of volatile then you should not be surprised at all. And if you hodle bitcoin from this day May 27, 2023, 02:50:46 AM till now, you are a big boy in your locality. Because as of then bitcoin was about $19+k or there about and now bitcoin is $36+k to $37+k. You would have been the winning side.

And I don't think any altcoins from that time till now have make any good profit now. Except Ethereum. Bitcoin is very good for long term investment and not a short term investment. We are using this to sing song every day but people are still taking it for granted.

[Sophokles]

The market is experiencing sideways after the increase from last October, and also recently we heard the big news that Changpeng Zhao resigned from the position of CEO of Binance. I think in the next few weeks the market will go down because of this news.

The previous year of halving last quarter was usually more green than the first quarter of the halving year. We saw a major correction of the halving year before, and many experts promoting that history will repeat it this time too. What happens with Binance and CZ was a well-planned initiative taken by the SEC to give blackrock more room to take control over the market. After this penalty and resigning of CZ binance influence won't be like before and many people fear it will face its downfall so many people panic withdrawing from that exchange. 1B net outflow explains the situation.

[Wahyuihib]

Are you still just starting out in this trade, mate.  You have chosen the right investment by buying BTC.  If you still feel that you haven't made a profit, then continue to hold the BTC holdings that you millet until you make a profit

[johnsaributua]

at the time OP made the thread I think the price between bitcoin and altcoins has improved from last year, although it is not better than now, as there is hesitation to increase investment in altcoins, the choice in bitcoin is right. Op mentioned buying also eth but not with the decimal that he managed to exchange for fiat or other assets, if he still keeps it, of course he will profit, the slogan HODL er is winner, if you enter the altcoin market at this time it is still good to buy it.

also recently we heard the big news that Changpeng Zhao resigned from the position of CEO of Binance. I think in the next few weeks the market will go down because of this news.

if within the scope of binance I think it has an impact on his own coin, indeed he resigned but binance is still standing strong, the management is well structured and there are positions that replace him, in his eyes he is not criminal or embezzling anything belonging to customers. This is just a demand from outsiders and seems to lead to personal lines (CZ), even if there are funds taken in large amounts, it is unlikely that it will affect other exchanges or other oracles, exchanges are prone to news and cases and have happened a few exchanges in the past.

[DaNNy001]

Are you still just starting out in this trade, mate.  You have chosen the right investment by buying BTC.  If you still feel that you haven't made a profit, then continue to hold the BTC holdings that you millet until you make a profit

I would like to clear you that an investment in Bitcoin will only yield profit when you are patient for it to work it way to it and I feel now is the perfect time to actually buy if you want to make some profits when the bull season comes because the price of Bitcoin is very friendly now to buy although there are some altcoins that can also give you huge profits during this period but they are very risky but if you are planned on short term operations then you can actually get something out of your investment in these altcoins.

[siniminomorocomunisakito]

Are you still just starting out in this trade, mate.  You have chosen the right investment by buying BTC.  If you still feel that you haven't made a profit, then continue to hold the BTC holdings that you millet until you make a profit

That's right, if you already have BTC, why bother switching to altcoins? It also seems tempting with speculators trying to sell some BTC and pump altcoins. What you have to remember is that up is fast and down is also fast. but it also depends on the person. and Altcoins always wait for BTC of course to move up even if it doesn't happen simultaneously.
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[Ben Barubal]

Well, I bought some fractions of Bitcoin at the price of $30K, ETH at $2,100 but unfortunately they have been going downward since then. The bearish trend in the whole market is still prevailing, which greatly impacts on coin prices. Despite the bear market, Bitcoin is still holding on its ground with its price not fluctuating over the top. However, the altcoins are becoming more volatile than before and I begin to doubt whether investing in altcoins is a wise choice. Did you invest in altcoins ? What do you think of the current altcoin market ? Please let me know.

  Sure, I have a few altcoins that I do DCA with. I don't see any problem at what price you buy Bitcoin or altcoins as long as
you do long-term holdings.

  But if you do short-term trading, you will face quite a lot there; there are frustrations, failures, wrong decisions, and wrong predictions. In short, it is complicated, especially if you are not that deep in trading skills. Unlike long-term holdings, what you will do

[Makus]

That's right, if you already have BTC, why bother switching to altcoins? It also seems tempting with speculators trying to sell some BTC and pump altcoins. What you have to remember is that up is fast and down is also fast. but it also depends on the person. and Altcoins always wait for BTC of course to move up even if it doesn't happen simultaneously.

Absolutely correct, there are some altcoins out there which their price movement is tired to that of bitcoin. Reason being that, before you buy some of this coin you have to buy bitcoin first and then swap to those coins, and before you can sell you have to still swap to Bitcoin before selling for fiat, so Bitcoin seem to act as a mediator for their transactions. So why border selling or swaping some bitcoin to buy those copy coins, its better to just leave your bitcoin portfolio than to sell some of if, most especially this halving period. However is better to add to your bitcoin portfolio now than to sell.

[vs2014]

How to profit if you don't invest in altcoins? If you only want to get profit from bitcoin then it is better not to discuss further because bitcoin is one of the best risk free and best way for long time investment. Moreover, you are already in profit so how far you can go by holding in the next step is your own discretion. Yes I have invested in altcoins and already I am hoping to get a bull run from altcoins so I may have to be very patient.

[SPARE]

We may be close to the bull run, if the price of bitcoin is stable, we can roughly say that the altcoin moving will be seen, so we may have to be patient for some time.

[wheelz1200]

Well, I bought some fractions of Bitcoin at the price of $30K, ETH at $2,100 but unfortunately they have been going downward since then. The bearish trend in the whole market is still prevailing, which greatly impacts on coin prices. Despite the bear market, Bitcoin is still holding on its ground with its price not fluctuating over the top. However, the altcoins are becoming more volatile than before and I begin to doubt whether investing in altcoins is a wise choice. Did you invest in altcoins ? What do you think of the current altcoin market ? Please let me know.

That's crypto for you.  I know this is an older thread but in downtrend alts are volatile and even in uptrend they are very volatile l.  If you can't handle the swings then I think you need to step away from crypto.  Bitcoin for sure is your safest bet amd sounds like the place you want to park your stash at.